As a result of market research conducted at Azerbaijan Caspian Shipping Company CJSC (ASCO), the Capital Maritime and Trading Corp shipping company has added a new Aframax tanker with...
Drewry’s World Container Index increased 2% to $3,986 per 40ft container this week. Our detailed assessment for Thursday, 09 January 2025 The Drewry WCI composite index increased 2% to...
A third of seafarers have said that they have paid a fee to get a job, with many reporting that they had gone into debt to do so, according...
Castor Marine is excited to announce that Navarino has acquired 100% of the shares of Castor Marine B.V. This milestone marks an exciting new chapter for both organisations as...
The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on...
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains...
This week’s focus highlights a downward trend in the AG supply of VLCC tankers (both spot/relet and contract), compared to the highs observed in October 2024. For the spot...
According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels. A...
The European container market saw significant fluctuations during fourth-quarter 2024, driven by aggressive carrier strategies, market fundamentals, and seasonal demand patterns. The quarter was characterized by initial bearish trends...
Asia’s hi-5 fuel oil spread widened by over 2% week-on-week, reflecting a softer market for high sulphur fuel oil (HSFO), while the very low sulphur fuel oil (VLSFO) market...
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