Castor Maritime Inc. Announces New Charter Agreements

Castor Maritime Inc., announces new charter agreements in its recent press release. The time charter M/V Magic Moon The M/V Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract...

Giant Investment Bank To Profit From War In Ukraine

The Wall Street firm has told the public it is “winding down” its business in Russia, portraying its actions as supportive of U.S. efforts to stop Russian President Vladimir Putin, reports NBCNews. Bank giant cashing...

UK’s First Step Towards Sustainable Shipping

The new unit will also help develop the infrastructure to enable zero-emission technologies, and the physical infrastructure needed to power new vessels. UK SHORE to take the industry back to the future. Details...

Substantial Progress In Talks, Cease-fire In Few Days

  Russia is already beginning to talk constructively. The base is where foreign instructors were helping Ukrainians, however, it is not known whether they were there at the time. Foreign military instructors have worked...

Weekly Tanker Report – Week 10, 2022

The Baltic Briefing has issued the tanker report for the 10th week of this year. The report dated 11th March 2022 provides valuable insight into this week’s tanker market dealings, freight rates, and charter activities. Clean The...

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...