Drewry’s Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, fell 12% in the fortnight to 31 Jan 25 to $726 per 40ft container. Intra-Asia...
Saudi state-owned shipping company Bahri expects to add at least 10 modern eco scrubber-fitted VLCCs to its fleet during the first half of 2025 after adding five of the...
U.S. President Donald Trump ignited a tariff war, causing the shipping industry to become tense. This is because a retaliatory tariff could lead to higher prices, a decrease in...
A manufacturing firm in landlocked Leicestershire is making waves in the shipping industry with a new green sail. Based in Melton Mowbray, KS Composites said it was “about as...
A new report from UCL Energy Institute Shipping and Oceans Research Group and UMAS reveals significant risk in some of the options the International Maritime Organization (IMO) is considering,...
Navigating the future of sustainability in shipping through biofuels, ETS taxation and emissions certificates. In the last few years, heavy emitters have witnessed the development of decarbonisation solutions, with...
Cargo owners and the International Maritime Organization could determine the pace of decarbonization in the shipping industry by providing more incentives to use low-carbon bunker fuels, according to Poseidon...
Effective management strategies and insights for evolving fuel use. Back in 2020, the IMO 2020 regulations, which reduced the global upper limit on the sulphur content of ships’ fuel...
Asia’s high sulphur fuel oil (HSFO) market pared back on Monday after rallying higher amid recent volatility, while very low sulphur fuel oil (VLSFO) was rangebound from the previous...
More ships than ever are being abandoned around the world by their owners, according to the United Nations’ labor and maritime organizations, leaving thousands of workers stuck on board...
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