Spot Rates Drop on Transpacific Routes as Sailing Cancellations Ease
Transpacific Spot Rates Plunge Amid Weak Demand.
Asia–Europe Rates Rise 5% as Peak Season Begins.
Transatlantic Rates Hold Steady Despite Market Shifts.
Global container...
India Prepares Oil Backup Plan in Case of Hormuz Disruption
1.5 Million Barrels Daily at Risk Through Hormuz Route.
India May Curb Fuel Exports to Safeguard Domestic Needs.
Reliance, Nayara Handle 82% of...
Oil Tanker Collision Near Strait of Hormuz Raises Security Fears
The United Arab Emirates blamed navigational errors for a collision involving two oil tankers near the Strait of Hormuz on Tuesday. The incident raised...
Maersk Halts Vessel Calls at Port of Haifa Amid Israel-Iran Conflict
Maersk halts vessel calls at Port of Haifa, Israel.
Decision follows risk assessment linked to Israel-Iran conflict.
Cargo acceptance for Haifa also suspended...
Global Maritime Leaders Call for Action to Protect Seafarers from Unfair Detention
Leading maritime organizations urge fair treatment and due process for seafarers detained during duty-related incidents, citing rising criminalization concerns.
The IMO, ILO, ICS,...
BRANDS HATCH Becomes World’s Most Powerful Wind-Assisted Cargo Ship
Union Maritime’s 114,000 DWT tanker BRANDS HATCH is now the most powerful wind-assisted cargo vessel, equipped with BAR Technologies’ WindWings®.
The sails reduce...
[Podcast] Who Gains, Who Loses? Maritime Voices on Carbon Compliance
Industry experts discussed the impact of rising carbon compliance costs on global shipping at a Nor-Shipping event in Oslo.
The conversation highlighted how...
Worker Death in Alang Raises Alarms Ahead of Hong Kong Convention Implementation
A 20-year-old shipbreaking worker died in Alang, India, weeks before the Hong Kong Convention takes effect.
The LNG tanker involved was allegedly dumped...
Korea Shipping Association and Meteorological Agency Unite for Safer Seas
The Korea Shipping Association signed an MOU with the Korea Meteorological Administration to improve ocean monitoring and navigation safety.
The partnership will support...
ABS and HD Hyundai Samho Collaborate on AI-Driven Smart Shipyard
ABS and HD Hyundai Samho signed an MoU to explore AI-based smart shipyard technologies.
The collaboration focuses on applying automation, robotics, and data-driven...
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APLICATIONS
Argus Viewpoint: HSFO To Face Continued Strain
Supply pressures will continue to elevate European fuel oil prices in 2024, with relief coming from hitherto less significant exporters a possibility, while bunkering...
