Key transhipment ports, such as Singapore, have witnessed a sharp rise in congestion due to the impact of Red Sea carrier service diversions, which have led to fewer vessel calls but larger average exchanges. This has added to yard congestion.…
This week’s data underscores the declining trend in VLCC ballast speeds during the summer season, coinciding with a weakening trend in AG-China freight market rates throughout June. Since mid-May, there has been a noticeable strategy among industry players to reduce…
The Bahamas Maritime Authority (BMA) was especially pleased to take part in the Posidonia Conference and Exhibition this year as it coincided with the 10th Anniversary of the opening of its Greek office in 2014. At the time, it was…
Crude oil exports from Türkiye have maintained their downward trend during the first five months of 2024, established since the start of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for…
Are carrier services getting more predictable? In a volatile, under-supplied market, it is a nice feeling when you perceive that things start to look better. Based on Drewry data, we are reaching this stage: carriers are adding new services or…
AEGIS Europe, an alliance representing over 20 key EU manufacturing sectors, urges immediate action from the European Union to address the critical and unprecedented threat posed by economically irrational excess production capacities, especially from China and other emerging economies. This…
As the maritime industry prepares for the revision of MEPC 107(49) in 2025, a regulation overdue for more than 15 years, many manufacturers of bilge water separators are facing the challenge of redesigning their concepts to adapt to a new…
Cyprus Deputy Minister of Shipping Marina Hadjimanolis has recognised the significant contributions of maritime agents to Cypriot shipping during an official dinner held by the Cyprus Shipping Association. According to a statement by the association released on Tuesday, the Deputy…
Corvus Energy is pleased to announce that it has received Type Approval from DNV for its Blue Whale marine energy storage system. The DNV type-approval confirms that the large-scale energy storage system (ESS) complies with the most stringent rules, regulations,…
For the fourth consecutive year, Danish shipping has reached the top of the international safety list. Danish-flagged ships are at the forefront in complying with international regulations on safety, environment, and working conditions on board. When the Danish flag flies…