A Chinese-owned fishing vessel with 18 crew members aboard was hijacked last week off the northeastern coast of Somalia, local authorities said Friday. An official in Xaafuun district in...
Wallenius Marine is conducting advanced wind tunnel tests aimed at realising the world’s first wind-powered PCTC (Pure Car and Truck Carrier) vessel. The tests are being carried out in...
Container freight rates from the Indian subcontinent to West Africa have risen amid the movement of rice in large volumes over this route since mid-November, sources told S&P Global...
Drewry’s World Container Index increased 6% to $3,533 per 40ft container this week. Our detailed assessment for Thursday, 05 December 2024 The Drewry WCI composite index increased 6% to...
US Gulf Coast crude exports have increased for three consecutive months now with flows directed towards Asia driving the increases. This has also led to increased STS operations in...
Spot premiums for high sulphur fuel oil (HSFO) extended further declines on Friday, while the hi-five spread showed some rebound versus the previous week. The premium of VLSFO over...
North America VLSFO and LSMGO availability is normal in Houston. Lead times of five days are recommended for both grades in the port. Prompt HSFO availability is tight, with...
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a seven-session losing streak on Friday, supported by gains in larger...
According to a new DNV white paper outlining FuelEU Maritime requirements and compliance strategies for shipowners, compliance with the upcoming regulations will be expensive but applying certain strategies can...
The chemical tanker market, once a niche sector, has matured into a mainstream industry, marked by increasing commoditisation, larger parcel sizes, and greater trader activity. This transformation has led...
Thank You!
Your submission has been sent. We will get back to you ASAP. InventU