This Week Trends
Freighter Caught In Malaysia for Hit And Run Accident
A container vessel which involved in a hit and run accident was seized by the Malaysian Maritime Enforcement Agency (MMEA).
On Feb 18 in Singapore Strait off Batu Ayam, Malaysia a container...
Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has completed the previously announced sale of the 2007-built Aframax tanker...
As the Ukrainian conflict intensifies, bunker prices are reflecting the escalation in oil prices.
Marine gasoil breaching $1,000 per tonne in the major bunker hubs this week and owners with scrubber-equipped vessels seeing the widest spreads between HSFO...
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Hot Stuff Coming
Time For Your Medicine !
It’s long been known that certain drugs work better when taken at specific times of day. But now scientists are learning that our circadian...
Container Shipping Capacity Grows 10.3% In 2024
The combined capacity of major container shipping lines increased by 10.3% in 2024, reports Alphaliner on LinkedIn.
Expanded Fleet
MSC significantly expanded its fleet in 2024,...
[Watch] Hurricane Sally Reveals Ship Submerged for Decades
Hurricane sally revealed something unseen for decades at Bayou Sara in Saraland. This picture is courtesy of David Fields photography.
This was a paddle boat...
[Watch] How Do EPIRBs Locate a Sinking Ship?
When a ship sinks, the first priority of any rescuer is to actually locate the vessel in distress. It may seem easy, but in...
LATEST ARTICLES
SGS FastRig Demonstrates Fuel Savings and Operational Advantages in Sea Trials
Smart Green Shipping (SGS) has announced the successful completion of sea trials for its innovative FastRig wind-assisted propulsion system, confirming its practical advantages for...
US Eyes Expanded Tech Sanctions to Close Loopholes for Chinese Firms
On Friday, May 30, 2025, major stock averages, including the S&P 500, experienced a downturn, falling 1%, in response to reports that the United...
Panamax Market Faces Another Challenging Week with Persistent Softening
The Capesize dry bulk market showed significant momentum this week, recovering from a slow start primarily attributed to Monday's UK bank holiday, reports Baltic...
VLCC Rates Plummet Across Global Routes, Weakening Tanker Market Sentiment
The LR2 tanker market in the Middle East Gulf (MEG) experienced a downward correction over the past few days, after peaking at the end...
A New Course for Green Shipping: Italy Pioneers Unified LNG and...
In a significant stride towards maritime decarbonization, Italy has become the first European Union country to issue unified Ship-to-Ship (STS) bunkering guidelines for both...
Isle of Man Ship Registry Issues Revised Shipping Notice on Fire...
The Isle of Man Ship Registry has recently issued a new shipping notice, specifically Manx Shipping Notice (MSN) 057 (Revised 05/2025), which outlines the...
Container Report – Week 22: Modest Rate Changes as Asia-Med Shows...
The FBX01 (China/East Asia to USA West Coast) rate ended the week at $2,770 per FEU, and FBX03 (China/East Asia to USA East...
Weekly Gas Report – Week 22: LNG Slows Down, LPG Picks...
LNG rates declined further due to weaker transatlantic demand and vessel oversupply.
LPG rates increased modestly across major routes as vessel availability tightened...
US-China Trade Clash: New Export Limits on Aircraft and Semiconductors Announced
China suspended exports of critical minerals globally but may ease restrictions for certain semiconductor firms.
The US is intensifying visa restrictions on Chinese...
MSC Expands West Africa Service with 24,000 TEU Ultra-Large Vessels
MSC has introduced 24,000 TEU ultra-large container vessels on its Africa Express service, connecting key Asian markets with major West African ports.
The...