Capesize Market Rebounds Amidst Volatility In Dry Bulk Shipping

The Capesize market experienced a volatile week. After an initial decline, rates rebounded towards the end of the week. While the Pacific market remained...

VLCC Rates Surge, Aframaxes Face Headwinds

The VLCC market experienced a positive week, with freight rates for Middle East Gulf (MEG) routes strengthening significantly. Improved demand led to a notable...

Qatar’s Ports Report Brisk Growth in 2024

Ship Traffic Increases as 2,803 Vessels Call on Qatar’s Ports. RORO Movements Surge 62% with Over 130,000 Vehicles Handled. Container Throughput Climbs 9.55%,...

West Completes Full Acquisition Of Nordic, Strengthening Marine Insurance Capabilities

West, a prominent Protection & Indemnity (P&I) Club, has announced the acquisition of 100% of Nordic, a specialist marine insurance provider, subject to regulatory...

Yantai Port Strengthens Its Position As A Global Leader In Bauxite...

The China Steel Liberty vessel recently completed the unloading of 205,000 metric tons of Guinean bauxite at Yantai Port, a key facility within the...

India Integrates Stress Management Training Into Maritime Curriculum

Indian seafarers are set to benefit from a dedicated mental health awareness module in the national maritime curriculum, thanks to a landmark agreement between...

Castor Marine Joins Navarino Group To Drive Maritime Innovation

Castor Marine B.V. has officially become part of the Navarino Group, marking a significant step in the maritime technology and connectivity industry. This acquisition...

K Shipbuilding Develops Ammonia Dual-Fuel Medium-Sized Chemical Product Carrier

K Shipbuilding, a prominent medium-sized shipbuilder in Korea, has successfully developed a medium-sized chemical product carrier powered by an ammonia dual-fuel system. The achievement...

Shandong’s 2024 Crude Import Breakdown: A Shift Towards Non-Sanctioned Tankers

    The ban affects vessels shipping Iranian crude, potentially reducing exports to China. Minimal impact as few Venezuelan vessels are on the OFAC sanctions...

Tanker Salvaged After Rebel Attack in the Red Sea: Environmental Disaster...

  A tanker, which had been burning for weeks after being attacked by rebels in the Red Sea, was successfully salvaged. The rebels had...