March 18, 2026
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March 11, 2024

Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings

International Shipping, Maritime, Trending News
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. They do not expect
March 11, 2024

Retrofitted cargo vessel powered by hydrogen fuel could revolutionize shipping industry

International Shipping, Trending News
A retrofitted cargo ship to be used on the Rhine River between The Netherlands and Germany is expected to produce lower carbon dioxide pollution than comparative vessels while still making regular trips. The H2
March 11, 2024

ClassNK grants Innovation Endorsement for Products & Solutions to “Cassandra” developed by Deep Sea Technologies

International Shipping, Maritime, Trending News
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC. “Cassandra” is a platform that integrates
March 9, 2024

HMM sale not likely to happen soon

International Shipping, Export - Import, Logistics, Shipping Line, Trade, Trending News
SEOUL : South Korea’s Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang was speaking at a government forum on
March 9, 2024

Industry Association condemn Houthi attack on MV True Confidence

International Shipping, Associationn, Logistics, Maritime, Shipping, Trade, Trending News
LONDON : Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in the Red Sea on 6 March
March 9, 2024

Houthis shoot at another “American” ship saying attacks are escalating

International Shipping, Defence, Maritime, Trending News
YEMEN : Another bulker sailing southeast of Aden, Yemen was targeted by the Houthis again. Initial reports are that the vessel was not hit and that the crew is safe, but it appears that
March 9, 2024

Red Sea crisis causes surge in vessel calls and congestion at African ports

International Shipping, Foreign Ports, Logistics, Maritime, Trade, Trending News
NEW YORK : “The Red Sea crisis is highlighting the wide gap in efficiency between ports in Africa and other world regions, despite heavy investment in port infrastructure on the continent over the past
March 9, 2024

Volta Shipping appoints new commercial head

International Shipping, Trade, Trending News
DUBAI : United Arab Emirates-based shipping company Volta Shipping has announced the appointment of Sankhoj Das as the Head of its Commercial team. With a background in leading commercial strategies and achieving significant milestones,
March 9, 2024

Drewry: Multipurpose Time Charter Index moving higher

Break Bulk Cargo, International Shipping, Project Cargo, Shipping Line, Trade, Trending News
LONDON : The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include
March 8, 2024

Statement on the attack on the True Confidence bulk carrier : IMO

International Shipping, Maritime, Trending News
LONDON : IMO Secretary-General Arsenio Dominguez issued the following statement on the attack on the True Confidence bulk carrier. “It is deeply saddening to follow the horrific reports of the casualties on the merchant
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