Yearly Archives: 2025
Coast Guard, Partners Responding to Grounded Vessel in Philadelphia
A 623-foot motor vessel ran aground near the Benjamin Franklin Bridge, and the Coast Guard is working on its safe removal.
The vessel...
Atlantic Supramax Market Shows Mixed Trends Amid Fundamentals
Atlantic Supramax spot rates declined in Q4 2024, with the index peaking at $18,888/d in October and falling to $13,962/d in December.
Increased...
Chinese New Year Disruptions Loom For Shipping
Chinese New Year, approaching on January 29th, will likely cause significant disruptions to global supply chains. These disruptions are expected to be amplified this...
OOCL Experiences Significant Revenue Growth In Q4 2024
Orient Overseas (International) Limited has released an unaudited operational update for its container shipping subsidiary, OOCL, for the fourth quarter of 2024. This update...
German Authorities Tow Adrift Tanker Suspected Of Being a “Shadow Fleet”
An oil tanker suspected of being part of Russia's "shadow fleet" used to evade sanctions, was found adrift in the Baltic Sea, reports Euro...
Freightos Baltic Index Rises 6% in December 2024
Transpacific Rates Rebound in December After Early Declines.
Mediterranean Shipping Costs 161% Higher Than 2019 Levels.
Transatlantic Lanes Experience 10% Rate Decline in...
LNG and LPG Markets Face Rate Pressures Amid Shifting Dynamics
Positive Start for LNG Period Market Despite Rate Adjustments.
LPG Market Softens as Middle East Gulf Fixtures Decline.
Oversupply of Vessels Adds Downward...
Egypt Signs Agreement with MEDLOG for Dry Port and Logistics Centre
Integrated Rail and Road Networks to Boost Egypt’s Logistics Sector.
New Dry Port Project to Link Red Sea and Mediterranean Seaports.
Minister El-Wazir...
Capesize Market Rebounds Amidst Volatility In Dry Bulk Shipping
The Capesize market experienced a volatile week. After an initial decline, rates rebounded towards the end of the week. While the Pacific market remained...
VLCC Rates Surge, Aframaxes Face Headwinds
The VLCC market experienced a positive week, with freight rates for Middle East Gulf (MEG) routes strengthening significantly. Improved demand led to a notable...