Bunker Prices Enter 4-digit Territory for the First Time

Surging bunker prices have crossed through the $1,000 per tonne mark for the first time in history as commodity prices spike across the board in the wake of the Russian invasion of Ukraine, reports...

Shipping Majors Join Zero Carbon Knowledge Hub

Danish law firm Gorrissen Federspiela and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a partnership agreement as a formal recognition of their joint working and shared commitment to a long-term collaboration...

Container Line Schedule Reliability Drops To A New Low

Global container line schedule reliability dropped to a new low in January this year according to analysts Sea-Intelligence, says an article published in Seatrade Maritime News. Delays getting worse Any hope that this year would see...

Wall Street Opens Higher And Oil Prices Easing

Stocks are heading back up, and oil prices are easing Wednesday in the latest dizzying swings to hit Wall Street amid uncertainty about the war in Ukraine, reports CTInsider. Big swings jerking markets The S&P...

BA.2 Variant To Derail Recovery From The Winter Covid Surge?

Another coronavirus variant is showing signs of derailing the state’s recovery from the winter COVID surge. Known as BA.2, this virus is an offshoot, or sublineage, of the omicron variant that just swept...

World Waiting for Russia-Ukraine Crucial Talks In Turkey On Thursday

Top-level Ukraine-Russia talks set to be held in Antalya, Turkey on eve of diplomacy forum, reports AA.com. High-level talks set  High-level Russia-Ukrainian talks set for Thursday in Turkey are largely thanks to the efforts of Turkish...

Impact Of Geopolitical Change On LNG Shipping Stocks

The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained over 7.92% last week. U.S. stocks represented by the S&P 500 Index lost 1.27%, says an article...

Multipurpose Time Charter Index Up by 1.7%

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and...

Designs for Ammonia-Fueled Aframax Tanker

Norway’s Green Shipping Program is undertaking a project designed to expand on the current efforts in the shipping industry researching ammonia-fueled engines and safety and class rules to develop an ocean-going ammonia-fueled tanker, says...

Mandatory Biofouling Management Requirements In Australia

All international vessels calling at Australian ports will be subject to biosecurity control. Implementation of an effective biofouling management plan and associated record book. Members that have not applied one of the three...