Charter owners’ share of fleet has fallen to 40%, lowest since 2002 : BIMCO
LONDON : The charter owners’ container fleet has grown at an average annual rate of 3.2% for the past twelve years and currently stands at 11.7m TEU. The operator owners’ fleet has however grown
TMS Tanker Conference 2024 to focus on sustainable shipping
DUBAI : The Maritime Standard is pleased to confirm that the ninth annual The Maritime Standard Tanker Conference will take place on Thursday 7th November 2024. The conference will, like last year, be held
Stevin Shipping undertakes major Iron Ore Shipments on India’s East Coast
BHUBANESHWAR : Stevin Shipping Private Limited, a prominent player in the shipping and logistics industry, is set to manage two substantial dry bulk cargo movements involving iron ore on India’s east coast. The operations,
India’s use of crude tankers to export diesel slows in May
NEW DELHI : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade
Intermarine launches Intermarine Bulk Carriers and expands fleet by two vessels
NEW ORLEANS : Intermarine has thrived since its full integration into the SAL-Intermarine Group a year and a half ago. Specialized in liner services and project cargo, the company has built an excellent reputation
Russia reinsurer backs firms to get India marine insurance permit
NEW DELHI/MOSCOW : Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks
Dry Bulk shipping fundamentals seen improving moving forward : BIMCO
LONDON : We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow
EU tanker import tonne mile demand up 12% as ships avoid Red Sea area : BIMCO
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on