VLCC Rates Continue To Show Downward Trajectory
With May fixing activity in full force, the VLCC freight market continued its descent, a trend evident across both the Atlantic and Pacific regions. Such decline unfolded against a backdrop of subdued activity, mirroring...
Joint Study To Enhance Safety And Efficiency Standards Conducted
Bahrain Steel, a major producer and global supplier of iron-ore pellets, along with APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, have concluded an innovative study aimed at enhancing safety and efficiency...
West Mediterranean Ports Witness Ease In Pressure
Pressure seems to be easing on West Mediterranean ports after a difficult few weeks when bad weather compounded the issues arising from the Red Sea attacks.
Short Term Pressure
Just at the start of the week,...
MOL’s Innovative Financing For Sustainable Development
Mitsui O.S.K. Lines, Ltd. (MOL) has embarked on a pioneering endeavour in the Japanese shipping industry by opting for a syndicated transition-linked loan under Japan's Act on Strengthening Industrial Competitiveness. This move reflects MOL's...
Advancing LNG Bunkering With Wärtsilä’s Solutions
Wärtsilä Gas Solutions, a division of the renowned technology group Wärtsilä, has secured a significant contract to supply the cargo handling system for a new LNG bunkering vessel. This vessel, commissioned by Spanish shipowner...
Wärtsilä’s Methanol-Powered Revolution
Wärtsilä, a leading technology group, has secured a significant order to supply methanol-fuelled auxiliary engines for a series of new container vessels. This order marks a milestone in the Chinese maritime sector's adoption of...
Fostering Sustainability In València’s Ports
The Port Authority of València (PAV) has embarked on a visionary mission to transform its port into a 100% green port, aligning with its operating area's zero emissions environmental strategy. Central to this endeavour...
Restoring Baltimore’s Harbor: Milestone Achieved After Bridge Collapse
In the aftermath of the Francis Scott Key Bridge collapse, Baltimore's maritime operations faced a significant setback, with traffic halted and logistical challenges looming large. However, a ray of hope emerges as the first...
Ensuring Maritime Security: The Imperative Of Ship Security Assessments
Under the ISPS Code, Part A/8, the Panama Maritime Authority mandates that Company Security Officers ensure Ship Security Assessments (SSA) are conducted for all vessels under their responsibility. The SSA is crucial for developing...
Houston Ship Channel Maintains Top Ranking in US Tonnage
At their monthly meeting, the Port of Houston Authority's Port Commission met under the chairmanship of Ric Campo, who highlighted that the Houston Ship Channel maintains its leading position among the US waterways.This recognition...