VLCC Owners Grapple With Market Dynamics: A March Reality Check

Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as...

Container Handling SC Ports Records 11 Percent Import Increase

The South Carolina Ports (SC Ports) has announced that loaded import TEU climbed by 11 per cent from February 2023, indicating economic development. The SC...

ReCAAP ISC: No Incident Of Armed Robbery 19 – 25 March

  No incident of piracy and armed robbery against ships in Asia was reported to ReCAAP ISC, between 19 – 25 March 2024.Re-Assessment and Downgrading...

Container Shipping Market: Charter Rates Stabilize Amidst Declining Freight Rates

The container shipping market experiences stabilization in charter rates amidst declining freight rates. While discussions continue in various segments, caution prevails among operators...

Crude Tanker FFAs: Evaluating The Dominance Of VLCCs

Recent FFA prices indicate a favorable outlook for VLCCs compared to Suezmaxes and Aframaxes in the crude tanker sector. Despite temporary disruptions and...

Lesson Learned: Vessel Grounding Lessons From An OOW Falling Asleep

In this safety scenario, a container vessel ran aground due to the Officer on Watch (OOW) falling asleep during their shift. The incident...

Bunker Indices Soar: Week 12 Highlights And Market Trends

The Marine Bunker Exchange (MABUX) reported a notable increase in global bunker indices, with significant gains observed in 380 HSFO, VLSFO, and MGO...

IBIA’s CII Regulation Assessment And Sustainable Shipping Efforts

IBIA's assessment of the Carbon Intensity Indicator (CII) operational energy efficiency rating reveals challenges for bunker vessels in achieving compliance, particularly in enhancing...

Updated Piracy Threat Off The Coast Of Somalia

EU Naval Force ATALANTA has issued an update on the piracy threat off the coast of Somalia, following an increased number of reported...

100 Days Of Red Sea Crisis: More Turmoil Ahead?

Houthis threaten to expand attacks to the Indian Ocean. Maersk deems the Red Sea region too risky.It has been over 100 days since...

Oil Slicks Reported Off Tuas Port, Port Ops ‘Not Significantly’ Impacted

The Maritime and Port Authority of Singapore (MPA) has announced that oil slicks off Tuas Port waters have not impacted port operations or navigation...

Accelleron & Furuno In Mou On “Digital Cooperation”

Mutual promotion to simplify access to turbocharger and engine optimisation solutions and digitally enabled services. Furuno cloud-to-cloud connectivity to support Accelleron digital solutions...

PONANT, FARWIND Energy Partner On Renewable Marine Hydrogen

In the ongoing quest to find ways to decarbonize and thus play its part in the maritime industry’s energy transition, PONANT is collaborating...

3 Scenarios for Creating Australia-East Asia Green Shipping Corridor

Following the identification of iron ore shipping routes between Western Australia and East Asia as high-potential candidates for establishing a green shipping corridor powered...

A Global Carbon Tax on Shipping Is Coming

A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy...

Bunker Prices in The Americas React to Brent Fluctuations Amidst Port...

Most bunker prices in the Americas have come down with Brent, and the Port of Baltimore remains closed for all inbound and outbound traffic...

Gibraltar Port Closed Amid Bad Weather

Gibraltar port has suspended all operations since yesterday afternoon amid adverse weather conditions, a trader tells ENGINE.  Bunkering delays  Bunkering delays caused by bad weather have...

Strategic Collaboration Announcement: Clarkson Port Services And Peak Group

Clarkson Port Services and Peak Group have announced a mutual strategic collaboration. The collaboration seeks to streamline logistics processes. They will explore new...

Carnival Cruise Line Expands Fleet with Fifth Excel-Class Ship

Carnival Corp. has revealed plans to order a fifth Excel-class ship for Carnival Cruise Line. They commence operations for the fourth ship in...

The Port Authority Of Valencia launches The ZAL Project 

The Port Authority of València is initiating the ZAL project. The Supreme Court has dispelled legal and urban planning uncertainties surrounding the ZAL. ...