This Week Trends
heavy distillates stocks down 33% from last year
Saudi Arabia boosting fuel oil imports
middle, light distillates supplies also falling
Oil product stocks fall to a six-week low on higher summer demand says an article on SP Global.
Stocks fall...
According to a Lloyd List article, DNV GL Principal Regulatory Affairs Section Consultant Tore Longva has said, “MEETING International Maritime Organization targets for reducing greenhouse gas emissions from shipping will take mandatory requirements for individual ships, and other policy...
Navios Maritime Containers announced that it took delivery of a 2011-built 10,000 TEU containership on April 23, 2019, says an article published in Marine Link.
Charter terms and conditions
As previously announced, the containership was acquired from an unrelated party for...
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Hot Stuff Coming
How Unlucky Can a Ship Be?
Following up on a 1923 newspaper article about a four-masted schooner, the Estelle Krieger, being stranded off Ship Bottom, a search of the New...
Freight Rates for Russian Oil to India Decline from Record Highs
Urals Oil Prices Drop Below $60, Lowering Shipping Costs.
Western Shipowners Resume Services for Russian Oil.
Freight Costs May Fall Further Amid Possible...
These Assumption Will Add Fuel To The Fire
Making assumptions about anything can be dangerous. That’s especially true when it comes to making assumptions about preventing or managing a crisis at companies...
Europe’s Third Largest Port To Have A New Chinese Shareholder
COSCO Shipping Ports, to take a stake in the container terminal of Hamburg, Germany's largest port, reports Xinde Marine News.
About the acquisition
On June 4,...
LATEST ARTICLES
Hanwha Ocean Expands Fleet with Five New Vessel Orders
Hanwha Shipping transitions from a test platform to a full-fledged U.S.-based shipping operator.
The company has placed five vessel orders, including VLCCs and...
Houthi Attacks Raise Insurance Costs, but Shipping Traffic Holds Steady
War risk insurance premiums for Red Sea transits have more than doubled following fatal Houthi attacks on Greek vessels.
Despite the spike in...
ReCAAP ISC Urges Heightened Vigilance and Increased Patrols Amidst Escalating Maritime...
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Dryad Global Report Details Complex and Shifting Maritime Security Risks Across...
Dryad Global's latest Maritime Intelligence Brief confirms that the global maritime landscape remains highly volatile, driven by ongoing geopolitical tensions and regional instabilities. The...
Seabound Pilots Modular System Aiming for 95% Emissions Reduction on Existing...
The shipping industry faces a formidable challenge in decarbonization, often classified as a "hard-to-abate" sector due to its heavy reliance on fossil fuels and...
Integrated Maritime Simulation Project Selected for K Program
A major industry-academic consortium led by MTI Co., Ltd. has launched a five-year project to create a next-generation Integrated Simulation Platform for ship...
Anemoi Opens Cutting‑Edge Rotor Sail Production Facility
Anemoi Marine Technologies has launched a state-of-the-art Rotor Sail production hub in Jingjiang City, China, with a capacity of up to 250 units...