Yearly Archives: 2024
WS Rates Moves Up Creating Atlantic Excitement
VLCC
A busy, breathless week. Plenty of fixing as WS rates moving up WS 10 points since the start of the year. Mainly due to...
Big 3 Korean Shipbuilders Lower Order Targets For 2024
The big three Korean shipbuilders -- HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean ,are expected to lower their annual...
Breakwave Bi-Weekly Report Shows Limited Activity
Limited Capesize fixing activity in the first week of the New Year.
Chinese steel demand declines due to winter weather and seasonality.
Anticipated...
KVH Industries Partners With Eutelsat Oneweb For Global Connectivity
KVH Industries partners with Eutelsat OneWeb for LEO connectivity services.
Focus on delivering enterprise-grade broadband connectivity services.
Eutelsat OneWeb's maritime service is to...
Shipping Operations In The Red Sea Despite Major Attacks
Smaller shipping lines persist in operating in the Red Sea despite a recent major attack by Houthis.
AIS data reveals that four containerships...
Yanmar Develops Hydrogen-Fueled Engine for Zero-Emission Coastal Vessels
Yanmar Power Technology Co., Ltd. (YPT), a subsidiary of Yanmar Holdings Co., Ltd., has embarked on the development of a hydrogen-fueled 4-stroke high-speed engine...
Dry Bulk Sea Freight Index Hits Two-Month Low Amid Seasonal Slow Demand
The Baltic Exchange's dry bulk sea freight index fell on Wednesday for the third straight session, hitting its lowest level in nearly two months...
Red Sea Crisis Spurs 40-60% Surge in Shipping Costs, Urgent Support Needed
Predicting that the crisis in the Red Sea could be a prolonged one, with shipping costs going up by 40-60%, and insurance premiums up...
Red Sea Shipping Disruptions Threaten Global Inflation And Supply Chains
The cost of shipping goods through the Red Sea has surged since Yemen's Houthi rebels began attacking commercial vessels in late November, and this...
Arklow Ranger Arrives At Seaport Ahead Of Full Shipbuilder’s Trials
Arklow Ranger, the fourth Eco-Trader of the 6,800dwt / R class cargo ships, completed at a Dutch shipyard.
Final works were completed to...