[Watch] Large Containership Breaks Moorings and Briefly Grounds

Strong winds caused a 366-meter-long containership to break free from its moorings and run aground at the Port of Prince Rupert in British Columbia, Canada, reports GCaptain. Ship refloated The incident took place Wednesday afternoon at...

New COVID 19 Variant Plummets Lightends’ Crude Oil Prices

Naphtha sentiment is mixed Naphtha CIF NWE closed at $662/mt on Nov. 26, down 10.1% on the day and $75/mt. Despite the more bearish sentiment observed in naphtha outright prices, and particularly for...

[Watch] Shipping Delays Dampening The Thanksgiving Day Holiday Sales

The COVID-19 pandemic has caused logistical headaches for global shippers thanks to raised transport costs, quarantine measures and extra paperwork, reports Al Jazeera English. China's zero-tolerance approach to the coronavirus has not helped: in May...

Who Owns The Oil?

Rotterdam​ city centre sits a few miles inland from the North Sea, its skyscrapers and office buildings lining the New Meuse River, a tributary of the Rhine. The depots are owned by companies...

BIMCO COVID-19 Weekly Report – 26 November 2021

This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club, and the latest from the International Maritime Organization (IMO). Every...

World Container Index Remained Steady

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 – Orcan Energy Ink Cooperation Agreement for the Maritime Market

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...

Why Midsized Shipbuilders’ Orders Bounce Back?

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...

Bunker Surcharges Hike Puts Pressure On Shippers

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 Legend, Philip Embiricos, Passes Away At 78 

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...