Global Bunker Market’s Unpredictable Shifts

On Sep. 07, the MABUX World Bunker Index, calculated based on current prices for 380 HSFO, VLSFO, and MGO, defied expectations by exhibiting erratic...

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Iron Ore Freight Market Faces New Supply Dynamics as Simandou Emerges

The iron ore freight market entered Week 47 with several major shifts reshaping long-haul trade patterns. The rise of the Simandou development, Vale’s deepening...

GMS Reports: Ship Recycling Sector Feels the Global Market Shake

The Safety4Sea editorial team reports that a new analysis from GMS reveals deep stress in the global ship recycling industry. Declines in oil prices,...

Korea Moves Ahead With AI-Driven Shipyards Through Major National Partnership

The BusinessKorea report highlighted a major national initiative in which the government and a leading Korean shipbuilding group formed a partnership to develop AI-powered...

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The MDI Index In Fujairah Remained Unchanged, Still Exceeding The $100 Mark

As of Week 50, the MABUX global bunker indices continued steady downward trend. Index 380 HSFO dropped by 13.64 USD: from 524.52 USD/MT last...

Gateway Terminals India To Pioneer Shore Power Supply 

In a move that heralds further deployment of Shore Power Supply (SPS) in the region, Gateway Terminals India (GTI) – also known as APM...

Geared Vessels Close on Highs as Capes Fail to Hold Gains

Capesizes Show Persistent Volatility. Panamaxes Deliver Strong Seasonal Highs. Supramax and Handysize Lead With Resilience. With summer now behind us, looking back at the...

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Engine Failure Grounds Product Tanker off Uruguay

On May 17, a product tanker, loaded with nearly 35000 tons of vegetable oil, reportedly suffered some engine failure which resulted in running aground...
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