Yearly Archives: 2024
Red Sea Tensions Spike Shipping Rates, Maersk Suspends Services
Container shipping rates from Mundra to the US surged by nearly 70%, doubling or tripling to Europe.
The Container Shipping Lines Association in...
Geopolitical Challenges Impacting Shipping Industry in 2024
Key areas of focus for shipping professionals include 'risk assessment and scenario planning,' 'diversification of routes and suppliers,' and 'regulatory compliance.'
Despite challenges,...
Parsons Collaborate With FITS And Launch New App To Improve Port Operations
Parsons Corporation is in collaboration with FITS.
Parsons' advanced traffic management software, iNET®, plays a crucial role in integrating various systems.
The project...
China Concerned About Red Sea Shipping Attacks
Chinese Deputy Permanent Representative Geng Shuang expresses serious concern over recent attacks on commercial vessels in the Red Sea during a UN Security...
Chicken Farms Unveiled As Hotspots For Antibiotic-Resistant Bacteria, Scientists Find
The research collaboration involves experts from the University of Nottingham, the China National Center for Food Safety Risk Assessment, New Hope Liuhe Group...
Transpacific Rates Amidst Growing Liner Network Pressures
The ongoing Red Sea crisis disrupting liner networks may lead to a spike in transpacific container rates, potentially reaching levels unseen since early...
Uptrend Prevails In The Global Bunker Market
The MABUX World Bunker Index, based on current prices for 380 HSFO, VLSFO, and MGO, shifted to a downward correction on January 5th.
...
DOF Group Secures Impressive $96M Vessel Charters In APAC Triumph
DOF Group has secured contracts for two construction and subsea support vessels in Asia, ensuring employment through 2024 and beyond.
DOF Group CEO...
Shipping Stocks Soar Amidst Red Sea Conundrum
Shipping companies have been the best-performing stocks in Europe since the start of 2024 and were set for their biggest weekly jump in years,...
MOL Enters Time Charter Contract With Yara
Mitsui O.S.K. Lines, Ltd. (MOL) has officially signed a time charter contract with Yara Clean Ammonia Switzerland SA (YCA Switzerland), a subsidiary of Yara...