Yearly Archives: 2024
Maersk’s Bold Pivot: Navigating Global Trade Around The Cape
Maersk, a major player in global container trade, is diverting all its vessels from Red Sea routes due to heightened security risks in the...
Samsung Heavy Industries Lands $1.5 Billion FLNG Order
Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion, says...
Soaring Ocean Freight Rates & New Surcharges
The contagion of skyrocketing container freight rates has now spread from the Asia-Europe trade lane, to the transpacific, and is also about to hit...
Container Deposit Refund System Gains Momentum With 26 Shipping Lines
Twenty-six shipping lines are now signed up with Container Ledger Account (CLA), an online system that aims to simplify and speed up container deposit...
Unveiling Ocean Crowding: Satellite-AI Maps Reveal Hidden Maritime Activities
Cutting-edge AI and satellite imagery create the first global map of vessel traffic, revealing hidden industrial activities.
Unveiled by Global Fishing Watch, it...
Solving The Green Fuel Dilemma In Maritime: Methanol Vs Ammonia
Despite higher production costs, shipping leans towards methanol over ammonia due to safety concerns.
Total cost of ownership impacts are manageable, with methanol...
India’s Export Prospects Amidst Changing Dynamics
India's dynamic foreign trade policy adapts to global uncertainties.
Despite challenges, services exports surge by 5.93%, enhancing the trade balance.
Key sectors show...
Is The Shipping Stock Surge Triggered By Red Sea Troubles Here To Stay?
Red Sea disruptions lift Maersk and Hapag-Lloyd stocks as rerouting raises freight rates.
Analysts differ on the long-term impact, with Goldman Sachs optimistic...
Panamax Market: Downward Trend Amidst Tonnage Oversupply
The global dry bulk shipping market, comprising Capesize, Panamax, and Supramax vessels, displays varying trends in the first trading week of the new year....
TORM Plc Expands Fleet with Share Capital Increase
ORM Raises Share Capital by USD 6,527.68 for First LR2 Product Tanker.
Share Capital Grows by USD 6,607.14 as TORM Welcomes Third MR...