Yearly Archives: 2025
Latest Index Highlights Impact of Limited Shore Access on Seafarer Wellbeing
Seafarers Happiness Index dropped to 6.91 in Q4 2024, highlighting growing challenges.
Restrictive port policies and unreliable Wi-Fi worsen isolation and morale.
Stagnant...
Declining Freight Rates and Increased Recycling Activity: Baltic Dry Index Falls
The Baltic Dry Exchange has fallen to its lowest point since February 2023, amid concerns about potential trade wars. This suggests a decline in...
Fincantieri Establishes Strategic Partnerships in Saudi Arabia
Fincantieri signs a series of MoUs in Saudi Arabia, expanding its presence in the region.
The agreements align with Saudi Vision 2030, focusing...
Mixed Fortunes in Commodities, Dry Bulk, and Global Growth
Handysize outperformed in dry bulk, with smaller losses; Baltic Dry Index hit a low of 778.
Oil prices fell weekly despite slight gains;...
Wallenius Wilhelmsen Opens New Brunswick Facility
New 300-acre Brunswick hub consolidates Southeast U.S. operations.
Replaces Pooler and Savannah sites for enhanced logistics efficiency.
Supports RoRo, automotive, and heavy equipment...
First Two of Eleven Sea1 Vessels Integrated into Aurora’s Fleet
Aurora Offshore adds Siem Pearl and Siem Challenger from Sea1 Offshore.
Management transfers completed in Harøy, Norway, and Aberdeen, UK.
Nine more vessels...
China’s DeepSeek AI set to kill Nvidia, ASML Dominance
Nvidia shares plunged 17% on Monday, wiping out $589 billion in market value.
The selloff was fueled by concerns over Chinese firm DeepSeek’s...
LNG Freight Rates Plummet as Ship Surplus Hits Spot Market Hard
Asia-Pacific LNG freight rates have dropped to historic lows, with two-stroke ships losing $7,000-$8,000/day.
New-build deliveries and delayed LNG production projects are exacerbating...
CSET to Raise $1.1bn for Fleet Expansion Amid Shareholder Concerns
China Cosco Shipping's tanker and gas unit, CSET, plans to raise Yuan 8bn ($1.1bn) including 11 new vessels.
The issuance has sparked equity...
Green Fuel Push: IMO’s Mid-Term Measures May Arrive by 2027
The IMO is discussing greenhouse gas emission rules for the maritime sector, with measures potentially coming into effect by 2027.
Experience in ammonia...