Yearly Archives: 2024
Maersk Navigates Storm: Red Sea Attacks Drive Stock Gains
Houthi rebel attacks prompt major shipping companies, including Maersk, to reroute vessels, boosting Maersk's stock.
Global trade disruptions may elevate shipping costs, impacting...
Anticipated Surge: Korean Shipbuilders Eye Increased Tanker Orders
Korean shipbuilders anticipate a surge in tanker orders in 2024 due to increased crude oil transport distances from the Ukraine war and Red...
Winter COVID Surge Hits 16 States: CDC Reports Hospitalization Spikes
CDC reports a significant rise in COVID-19 hospitalizations across 16 U.S. states before Christmas, with Delaware seeing the highest increase.
The sitatuation prompts...
Dalian Port’s New Route Drastically Reduces Shipping Time
Dalian port opens direct route to South America, reducing shipping time to 25 days.
WAN HAI LINES Ltd. operates the weekly service with...
Satellite Mapping Hints At Burgeoning Industrial Activity At Sea
The world’s population increasingly relies on the ocean for food, energy production, and global trade, yet human activities at sea are not well quantified,...
Celsius Tankers Expands Fleet With New LNG Carrier
South Korea’s Samsung Heavy Industries has delivered another 180,000-cbm LNG carrier to Denmark’s Celsius Tankers, a unit of Celsius Shipping, says article published on...
Advancements In Maritime Connectivity & Autonomous Vessels
Developments in satellite communications and software deployments in the past few weeks indicate the growing trends set to impact maritime industries in 2024, says...
Rapid Surge In Global Container Freight Rates Continues In Early 2024
The composite index increased by 61% to $2,670 per 40ft container this week and has increased by 25% when compared with the same...
FLNG Operations, Render Recovery Vs. Drum & Brake
Speaking at the LNG Shipping & Terminals conference in London in November 2023, Smit Lamnalco global director LNG business and project development Andrew Brown...
2023, A Transformative Year For Shipping
The year 2023 has been a transformative period for the maritime sector, marked by groundbreaking projects and regulatory shifts. Despite geopolitical challenges and the...