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Shippers Brace For Extra Costs As Carriers Invoke Force Majeure
With US east and Gulf coast ports inaccessible and carriers unable to fulfil contracts, contract provisions have cushioned the blow for box lines, but...
Capital Product Partners Exits Dry Bulk Sector with Sale of Sole Cape
Greek owner Capital Product Partners has confirmed its exit from the dry sector with the sale of its only capsize, reports Splash247.
Capital Product Partners...
[Answer] Why Do Ships Need Holding Patterns?
Quora, a Q&A platform, sheds some light on why do ships need holding patterns.
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Maersk Predicts Cargo Delay in 2022 Due To These Reasons
According to a recent news article published in the Economic Times, shipping group Maersk expects cargo delays to persist.
Waiting time of 45 days
Maersk group...
Understanding Gen Z Cadet Motivations In Maritime
Harnessing data from the 2023 global Wellness at Sea Maritime Schools Conferences, Sailors’ Society’s report provides fresh insight into what motivates and worries these...
Dubai’s Innovative Smart Marine Scraper: Advancing Ecological Preservation
Smart Marine Scraper
In collaboration with Emirati talents and Al Khattal Boat Factory, Dubai's municipality introduces a cutting-edge marine scraper aimed at advancing ecological preservation...
Nuclear Power in Shipping Decarbonization: Where We Stand
Alternative fuels, such as hydrogen and methanol, are a promising path for emissions-free shipping. However, there are challenges in the production of alternative fuels...
Oil Price Fall Continues as China’s Outbreak Weighs on Demand
Oil slumped in New York after a surprise increase ins U.S. crude inventories added to renewed concerns about demand recovery as China battles the...
Crude Pushes To 6-Session High Amid Long-Term Red Sea Disruptions
Maersk to divert ships for 'the foreseeable future'
Northeast Asia energy importers see supply risks
Strong US jobs print eases demand concerns
Crude oil...
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Newbuilding Prices Climb 3% To Highest Level In 16 Years
Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in...
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Containership Owners Make Good Revenue with Short-term Charters
Alphaliner reports that the 2021-built 5,295 post-panamax Orca 1 has achieved a staggering $300,000 a day from a Chinese forwarder for just 2-3 months.
This...
Alaska Prepares for Worst Maritime Incidents
Thousands of vessels every year move through Alaska’s waters. If something goes awry, their cargo and fuel could end up in the ocean.Cleanup efforts...
VLCC Rates Flat, Suezmax Active, Aframax Mixed Amidst Market Uncertainty
The downturn in both oil and stock markets persists, with yesterday's slight recovery proving to be short-lived. This negative sentiment is also impacting the...
