Yearly Archives: 2024
Growing Concerns Over Somali Piracy
War in Gaza has so far led to attacks on merchant vessels transiting the Red Sea, but some experts are also concerned about the...
Global Bunker Market Continues To Trail The Path Of Recovery
The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022.
The Index VLSFO...
North European Ports Brace For Capacity Crunch
North European container ports are facing a potential capacity crunch in early February, as the armada of alliance vessels from Asia that have been...
Maersk’s Innovative Approach Amid Panama Canal Drought
A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water...
Shipping Industry’s Bold Pact For Emission-Free Seas
The shipping industry, vital for global trade, grapples with the challenge of decarbonization, contributing over 80% to international goods movement. However, progress is underway...
Fueling Efficiency: Safe Bulkers Sets Sail With State-Of-The-Art Phase 3 Vessel
Safe Bulkers, Inc. (NYSE: SB), a global marine drybulk transportation service provider, has recently announced its acquisition agreement for an 82,000 dwt Japanese Kamsarmax...
India’s Maritime Insurance Initiative
India plans its own maritime insurance entity, India Club, initially focusing on domestic routes for third-party coverage.
The cooperative model, supported by the...
Iranian Navy Seizes Tanker In Gulf Of Oman Hijacking
The UK Marine Trade Operations (UKMTO) agency issued a cautionary alert, prompting shipping vigilance around Oman's northeast coast.
The vessel in question, previously...
Tanker Rate Surge Halts US Crude Oil Exports To Asia
Surging tanker rates make importing U.S. crude to Asia economically unviable, prompting a shift to Middle Eastern crude by Asian refiners.
The closure...
Challenges Ahead For Asian HSFO Market In 2024
The Asian HSFO market faces challenges in 2024, marked by abundant supplies and reduced utility demand, despite new ships equipped with scrubbers.
Factors...