Cautious ship sales mood
Cautious is the watchword to sum up the sale and purchase scene in February. With the US contemplating taxing Chinese-built tonnage, there is a clear sentiment to pick out Japanese-built ships all of a sudden. “As the Trump 2.0 reality show unfolds, as it does daily, often with singular market-moving tweets, we might as well […]
Has the LNG sector passed rock bottom?
No deep dive into any industry or sector should start with a downer. However, there are no two ways about it – the LNG shipping sector has been in freefall of late and nothing earth-shattering has happened in the first two months of this year to convince people that it will improve drastically. But, there […]
The Amazon of bunkers?
Bunker buying is “broken”, according to James Peacock, the founder of XMAR, whose company, founded last year in Cyprus, has set out to give shipping a retail model for bunkers similar to how Amazon transformed online shopping. “Bunker buying is behind the rest of the industry, negotiations on WhatsApp, no clear price comparisons, and little […]
The future of maritime training: Building a digital bridge to excellence
When we first envisioned the ICS Academy, we saw an opportunity to transform maritime education by creating something truly different: a platform that would harness the collective experience of more than 80% of the world’s shipping fleet and deliver it directly into the hands of seafarers. Developed by seafarers for seafarers, our Academy provides on-the-go […]
Marlink supports Knutsen Group’s digital transformation
Marlink, a provider of managed IT services, is enhancing digital transformation for tanker and gas carrier operator Knutsen Group. A long-time Marlink customer, Knutsen Group has expanded its fleetwide VSAT installations by adding two Starlink LEO terminals to each of its 59 vessels, along with 19 new builds. After evaluating the potential of LEO services […]
Super Bowl-driven preparations strengthened Port NOLA security
The Port of New Orleans (Port NOLA) and the Harbor Police Department (HPD) announced the implementation of enhanced security measures and upgraded technology at its Maritime Security Operations Center (MSOC). These advancements, introduced ahead of Super Bowl LIX which took place in New Orleans on 10 February, played a key role in bolstering security for […]
US slaps sanctions on Chinese shipyards: Up to US$1.5 million fee per boxship
The United States is escalating its economic countermeasures against China’s maritime sector, specifically targeting the extensive network of Chinese shipbuilding facilities and the vast fleet of vessels built in these yards. This strategic move comes in the wake of accusations against China for practices deemed unfair by international trade standards, including artificially suppressed labor costs, […]
Hamburg’s container throughput nears 8 million TEUs in 2024
The previous year presented numerous geopolitical and economic hurdles, with global trade impacted by the war in Ukraine and conflicts in the Middle East, creating uncertainty in international markets. In Germany, economic output declined by 0.2%, while industrial production saw a year-on-year drop of 4.5%. Despite these challenges, the Port of Hamburg reported positive growth in […]
What It’s Like To Rent A luxury Porsche
Elegant, beautiful, and efficient transport always takes your breath away and attracts the attention of others. Porsche is a legendary car that is on everyone’s lips. That is why the Porsche hire Dubai service is becoming increasingly attractive for a unique trip. There are many reasons to choose such transport. It is a great option […]
NWSA handles over 260,000 TEUs in January
The Northwest Seaport Alliance (NWSA) kicked off the year with significant cargo growth, fueled by high vessel schedule reliability, consistent rail service, and new customers. January volumes surpassed the five-year average, reflecting strong market demand. NWSA’s total container volume, including international and domestic shipments, reached 264,869 TEUs, reflecting a 25.4% increase compared to the same […]