Outlook for FBX Index in January 2025

Spot rates rise across all routes due to Chinese economic stimulus and anticipation of Chinese New Year in January 2025. US and Europe...

Fire Breaks Out on Vessel in Campos Basin with Crew Rescued

A fire broke out on an anchor handling vessel in the Campos Basin on 8th January. The fire was extinguished after 12 hours,...

Josephides Succeeds Kazakos at Cyprus Chamber

Alexandros Josephides replaces Thomas Kazakos as director general of the Cyprus Shipping Chamber. Josephides has 30 years of experience and aims to boost...

Mahakumbh Mela The World’s Largest Gathering Of Devotees In Prayagraj

The Mahakumbh Mela in Prayagraj, Uttar Pradesh, is a remarkable spiritual event, attracting millions of devotees from around the world. Celebrated every 12 years,...

OOCL Sunflower Pioneering Sustainability And Efficiency In Global Shipping

The recent naming ceremony of the "OOCL Sunflower", a state-of-the-art eco-friendly vessel with a capacity of 16,828 TEU, marks a significant milestone in OOCL's...

Silverstream Technologies Expands Partnership With Carnival Corporation For Decarbonization

Maritime clean technology leader Silverstream Technologies has announced an agreement with Carnival Corporation & plc, the world’s largest cruise company, to install its Silverstream®...

Analysis Of The Dry Bulk Market In 2024 And Outlook For...

The dry bulk market in 2024 was a tale of two halves, marked by early optimism that gave way to challenges as the year...

US Probe Finds China’s Unfair Shipbuilding Dominance

China's global shipbuilding share exceeded 50% in 2023, driven by government subsidies. U.S. shipbuilders' market share has dropped below 1%. The findings could...

Ship Recycling Trends In India And Bangladesh Shine Amid Global Volatility

The ship recycling markets in India and Bangladesh have shown remarkable resilience and growth, outperforming expectations in the early weeks of 2025. Despite global...

Marine Fuels Gain Spotlight in Treasury’s Clean Fuel Credit Guidance

  The new guidance confirms that marine fuels such as marine diesel and methanol are eligible for the Clean Fuels Production Credit (45Z) if...