This Week Trends
Shipping and trading have been evolving for as long as the industry has existed. But if you are only getting started with trading and shipping, the terminology can be quite confusing. Hence, here’s everything you need to know about...
Thanks to multiple factors headed by the fall in demand of China for commodities, the shipping industry particularly the bulk carriers and container vessels are getting hit to unprecedented levels. There are bankruptcies galore as well as many companies are...
Cyprus has formally proposed a practical, global approach to delivering Covid -19 vaccinations to seafarers in response to the worldwide crew change crisis, says an article published in Seatrade Maritime News.
Cyprus's Move for Keyworkers
With the need to class seafarers...
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Hot Stuff Coming
US Extends Lead Over China
The United States has pulled further ahead of China in the race for the world’s biggest economy, thanks in part to a vibrant American...
Red Sea Crisis Deepens Shipping Industry Challenges
Security risks in the Red Sea have disrupted shipping routes.
Shipping companies are implementing increased security measures.
This increment reflects the base rates...
Johnson & Johnson To Begin Phase 3 COVID19 Vaccine Trials
According to a Reuters report, Johnson & Johnson has announced that they are aiming to begin in September a late-stage study of their experimental...
Top 10 Most Prominent Maritime Aircrafts !
Naval aviation first emerged during the First World War when aircraft were primarily used for reconnaissance missions.
During the Second World War, naval...
LATEST ARTICLES
InterManager Calls for Action on Seafarer Criminalisation
InterManager urges shipping industry colleagues to report criminalization incidents to address unfair treatment of seafarers globally.
The Association is compiling statistics on incidents...
Smooth Transition: NMA’s Plan for February 2025 Changes
Norwegian ships of 300 gross tonnage and above must have approved insurance for wreck removal and obtain a Wreck Removal Certificate.
Due to...
New BWM Record-Keeping Standards Take Effect in 2025
The updated format includes detailed entries for standard operations, system failures, and ballast tank cleaning.
Must meet IMO performance standards outlined in Resolution...
VLCC and Suezmax Markets Struggle Amid Weak Q4 Demand
Q4 2024 VLCC freight rates on the WAF-Far East route fell to a 14-month low due to weak Chinese demand, OPEC+ production cuts,...
Hostage Risks Surge Amid Stable Maritime Piracy Trends in 2024
IMB reported 116 piracy and armed robbery incidents in 2024, similar to 2023 and 2022, but hostage cases surged from 73 in 2023...
Lessons Learned: Hot Work Safety & Lockout/Tagout Programs
A recent marine casualty, resulting in a fire and severe injuries to two crewmembers, highlights the risks associated with Liquified Natural Gas (LNG), performing...
Bibby Marine Signs Contract with Armon Shipyard for eCSOV
Bibby Marine has signed a new shipbuilding contract with shipyard Armon, to build its innovative electric Commissioning Service Operation Vessel (eCSOV), reads an official...
RMI: Essential Precautions for Indian Ocean Operations
The Republic of the Marshall Islands (RMI) Maritime Administrator has issued an alert highlighting the resurgence of Somali-based piracy in the Indian Ocean to...
LR Grants AiP for First Vacuum-insulated Large-scale LH₂ Tank
Lloyd's Register has awarded AiP to HD Korea Shipbuilding & Offshore Engineering Co., Ltd. for its pioneering vacuum-insulated large-scale liquid hydrogen (LH₂) tank...
Bulgarian Shipowners Association Joins ECSA Membership
The Bulgarian Shipowners Association (BSA) becomes the 22nd member of ECSA, further expanding the organisation's network, reads an ECSA release.
“We are proud to welcome...