Drewry’s composite World Container index remained steady at $9,186.39 per 40ft container this week. Drewry’s detailed assessment for Thursday, 25 November 2021 The composite index remained stable this week, but remains 224% higher than a...

Alfa Laval and Orcan Energy have signed a cooperation agreement regarding sales of marine energy efficiency solutions based on Orcan’s Organic Rankine Cycle (ORC) technology, says a press release published on their website. Way to...

New orders for ships have been won by South Korea's midsized shipbuilders. It is more than doubled in the first 10 months of the year from a year earlier after finalizing their sale...

Huge hikes in FAK rates over the past 18 months follows, as oil prices surge. Shippers now face significant increases in bunker surcharges . A recent Loadstar news by Mike Wackett states that shippers...

Greek shipping magnate Philip Alexander Embiricos Coumoundouros died peacefully in Paris on November 20. He was 78 years old. A Greek Reporter news source has revealed that Greek Shipping Legend, Philip Embiricos, Dies at...

Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year. But thereafter the jury is out on the direction of the spot market. And...

  China could face more than 630,000 COVID-19 infections a day if it dropped its zero-tolerance policies by lifting travel curbs, according to a study by Peking University mathematicians. A report has been published...

PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that...

  New variant may worsen oil outlook before OPEC+ Dec 2 meet OPEC panel sees surplus growing in first quarter Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020,...

The IMO target for reduction of GHG emissions from shipping is a 50 per cent reduction from a 2008 baseline by 2050. Many in the industry see this as too little, too late, reports...