K+N Reveals Plan for Congestion Index

There was no improvement in liner schedule reliability last month, with US inland logistics bottlenecks blamed for creating a vicious cycle of global...

Billionaire Revives Titanic As A ‘Ship Of Peace’

Australian billionaire Clive Palmer is reviving his ambitious project of constructing Titanic II, a modern replica of the iconic ship that met a...

Global Container Shipping Industry at Top With High Freight Rates

Fitch Ratings-London-12 October 2020: Spot container freight rates have increased in recent months, driven by shipping companies' supply discipline. This is despite a...

Dry Weekly Market Monitor : Snapshot Of Spot Freight Rates

In the second week of June, there's a notable development in Capesize vessel rates on the Brazil to North China route, indicating a firmer...

[Watch] 88,000 Oxygen Cylinders Needed for COVID19 Ventilator Alternative Treatment

WHO issues warning for shortage of oxygen cylinder and concentrator in the future, says an article published in Jewish Market Reports. Pollution related ailments Global warming...

U.S. Expands Sanctions on Iranian Oil Transport

OFAC sanctions four VLCCs and two Aframaxes for transporting Iranian crude. Houthis resume attacks after U.S. airstrikes, targeting American warships. Suezmax earnings reach...

GMS Weekly Market Commentary Report – Week 36,2023

Market commentary Bullish week! Another week of speculation has passed in the Indian sub-continent ship recycling markets, as sales continue to register at ever increasing numbers,...

Threat Over Copper-based Antifoulings Lifted

Ahead of SMM in September, coatings makers have been caught up with making declarations about their most recent items. Subsea Industries' reported it has...

‘Bigger Than Life’ George E. LeVasser Passes, Bunker Industry Pays Tribute

LeVasser was a prominent figure in the bunker industry for over 50 years. Founded in 1952, Tropic Oil Company was owned and operated...
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New Lower Price Cap on Russian Crude Takes Effect

The UK and EU have reduced the price cap for Russian crude to US$47.60 per barrel, while the US maintains its cap at...

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Terror at Sea: Ship with 500 People Catches Fire

On August 17, nearly 500 passengers and crew were evacuated off a burning ship about a mile off Puerto Rico’s north coast.  Many among...

Lithium-Ion Batteries Endanger Freight Ro-Ro Services

The X-Press Pearl and maybe the Maersk Honam were two high-profile victims of lithium-ion (Li-ion) battery fires aboard containerships, as reported by The Loadstar. A...

Avikus Joins MIT Maritime Consortium to Drive Autonomous Navigation and Decarbonization

Avikus, a subsidiary of HD Hyundai, has joined the MIT Maritime Consortium to contribute to the development of autonomous navigation technologies and maritime...

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