Seaborne LNG Market Safe Despite Russia-Ukraine War

Maritime industry market intelligence provider VesselsValue says the Ukraine crisis distracts from bigger trends in the seaborne LNG market. Senior trade analyst Vivek Srivastavaexplored the rise in global gas prices amidst the Russian invasion...

What Might Lead To Higher Box Freight Costs?

Shippers can expect to see increased bunker adjustment factors as bunker costs rise. Freight rates have been unaffected by Russia’s military incursion into Ukraine. But rising oil prices are already driving bunker costs...

Maersk Steps Up Green Methanol Production

A.P. Moller – Maersk has partnered with six energy companies to scale up green methanol production with the intent of sourcing at least 730,000 tons of fuel per year by the end of...

6 Companies To Form Strategic Alliance For Japan

A recent news article published in the MOL states that six Companies Forming Strategic Alliance to Develop Japan's First Methanol-fueled Domestic Tanker. Agreement to form alliance Mitsui O.S.K. Lines, Ltd., MOL Coastal Shipping, Ltd., Tabuchi Kaiun...

China’s Export Container Shipping Index Down

A recent news article published in the Maca Business News states that China’s export container shipping index dips in February. China Containerized Freight Index down China’s index of export container transport edged down in February, according...

Is Shipping Making Waves When It Comes To Decarbonization?

Shipping might not be the sexiest form of transportation in the world, but there’s no getting away from the fact that it plays a vital role in all our lives. That is because around...

EU Decides To Phase Out Russian Fossil Fuels

EC had announced new proposals to phase out Russian fossil fuels Kobrinets heads European Cooperation department in Russian foreign ministry Dutch TTF prices remain at high levels on concern of disruption A recent news...

MOL Offers Close-up Look at Careers in Maritime Industry For School Students

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) welcomed 10 students from a Tokyo junior high school for a workplace visit to the head office in Toranomon on March...

Cubs Owners Go from Crying Poor To Trying To Buy Chelsea FC

Cubs finance guy Crane Kenney once said, ‘‘Basically, my job is to fill a wheelbarrow with money, take it to Theo’s office and dump it.’’ In fact, after the club won the World Series...

Will Biden Invoke Cold-War Powers to Blunt Energy Price Hike?

President Joe Biden is under pressure to invoke Cold War-era powers to force more domestic oil production as the war in Ukraine strains supplies, raising gasoline prices and fueling inflation, reports Yahoo. 1950 Defense Production...