Weekly Bulk Report – Week 16, 2022

The Baltic Exchange has released a report about the dry bulk market for the 16th week of shipping activities of this year. The report dated 22nd April highlights the dry bulk market conditions at the...

Ningbo Containerised Freight Index

Weekly composite index covering 20ft, 40ft and Hi Cube box rates by Ningbo Shipping Exchange. Ningbo Shipping Exchange Route 2022-4-22 2022-4-15 Weekly change (%) Ningbo - Europe 4307.43 4386.89 -1.81 Ningbo - West Mediterranean 4969.41 5012.54 -0.86 Ningbo - East Mediterranean 4087.51 4084.87 0.06 Ningbo - Middle East 2193.92 2264.27 -3.11   The weeklyNingbo Containerised Freight Index is...

Webinar – Contaminated Fuel in Singapore – A Discussion

2022 has started with a bang for the bunker industry. After 21 years of relative quiet, we are suddenly facing contamination by organic chlorides which has been supplied to 200 ships of which 80...

[Watch] Cargo Ship Stuck Under Bridge

According to a recent article published in Maritime Executive, a loaded cargo ship arriving in the Northern Vietnamese port of Hai Phong blacked out Thursday morning causing the ship to drift into the embankment...

Bank Bosses’ Optimism Darkens As War Follows After Covid

British banks that took 2021’s bumper profits as a sign of better things to come will be bracing themselves for disappointment this week, reports The Guardian. Slow return to normal With the Covid pandemic waning, 2022...

Russia Is Planning Staged Referendum

Russia is planning a "staged referendum" in the southern city of Kherson aimed at justifying its occupation, according to the UK Ministry of Defence's latest report, says an article published on BBC. Staged referendum It says...

MAN Energy Solutions Wins The Order For Hybrid-Propulsion To Reduce Carbon Emission

  MAN Energy Solutions has won the order for 4 × dual-fuel MAN B&W 6S60ME-GI engines. It is in connection with the construction of two hybrid, 8,000 lane-metre, RoRo vessels for CLdN, the Luxembourg-based...

Oil Prices Down, Another Weekly Loss Incurred

Oil prices on Friday declined and incurred another weekly loss. This happened after it was reported that the China Covid lockdowns have caused a 1.2 million barrel per day (bpd) equivalent drop in fuel demand. ...

Is It An End Of A Pandemic-Driven Shipping Boom?

For the past two years, it has been a roller coaster ride in the ocean freight business. After the early-pandemic slowdown in 2020, demand soared in 2021, resulting in massive profits for ocean...

Big Tech Firms Have To Police Their Platforms, After EU’s Landmark Law

  The European Union reached an agreement Saturday on landmark legislation. It ensures that Big Tech firms such as Google and Facebook's parent company Meta to aggressively combat hate speech and misinformation or risk multibillion-dollar...