Yearly Archives: 2024
Ocean Cargo Rates Surge After Red Sea Attacks
Ocean freight rates are surging after a missile attack and attempted hijacking of a cargo ship.
Carriers suspended plans to restart transits through...
Hapag-Lloyd Eyes Wind Power For Fleet Decarbonization
Hapag-Lloyd has launched an innovative research and development study to explore the potential of wind power for fleet decarbonization.
The initiative comes in...
EU ETS Boost From Red Sea conflict
Carbon trading in the maritime sector was launched on 1 January, but the effects of the EU Emissions Trading System (EU ETS) have been...
Carriers Sought To Up Market Share Despite Challenging 2023
The year 2023 saw a race involving mainline operators’ market positions, according to Alphaliner.
Mediterranean Shipping Company overtook Maersk as the world’s largest container carrier...
Red Sea Attacks Continue, Despite Naval Protection And Shipping Costs Soar
Supply chains are in chaos, as it appears even the power of the US Navy is proving insufficient to deter attacks on commercial shipping...
Ship Made Available To Guernsey And Jersey States For Contingency Plan
A 122m (400ft) long ship has been made available for the States of Guernsey and Jersey for contingency planning purposes, the BBC understands.
An agreement...
Asia’s Fuel Oil Market Trend: Kuwait, Russia Supply
The rise in Kuwait's Al Zour refinery exports could influence the VLSFO market.
Russian fuel oil exports supply high-sulfur grades.
Successful test runs...
Successful Biofuel Switch By Color Line And Bunker One
Color Line's ferries, operated by Bunker One, have shifted to biofuel, cutting CO2 emissions.
Bunker One anticipates EU ETS and FuelEU Maritime regulations.
...
Increase Of Oil Product Stockpiles At Port Of Fujairah
Oil product stockpiles at UAE's Port of Fujairah increased by 10%.
Platts noted an increase in the Fujairah-delivered marine fuel.
Iraq emerged as...
Anticipated Chinese Demand And Red Sea Tensions Propel HSFO Market
The Asian market for high sulfur fuel oil (HSFO) experiences an unexpected consecutive surge in prices, driven by speculation over increased demand from...