Shipping Industry Issues Revised Guidance for Navigating Southern Red Sea
A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series
A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series
The global containership fleet is set to exceed the 30-million TEU mark for the first time in history in 2024, as a wave of new containerships hit the water,
The shipping industry is turning its attention to green and blue alternatives in order to meet the International Maritime Organization’s (IMO) targets
by Captain John Konrad (gCaptain Editorial) Amid escalating tensions in the Red Sea, marked by attacks on Israeli and European-owned vessels, and ongoing war
Contracting of product tanker newbuilds has hit a 10-year high this year, but recycling of older ships and the impact of decarbonization regulations are likely
The war and Ukraine and EU’s ban on Russian oil products is driving product tanker rates higher, contributing to a surge in newbuild orders. The product
The global maritime industry is set to witness an extraordinary surge in ship recycling activities over the course of the next decade, with more than 15,000
As the COVID-19 pandemic recedes, global shipping is experiencing a shift in operations. According to the world’s largest shipping association, BIMCO,
Capesize second-hand ship prices experienced a significant surge in March due to China’s economic recovery, according to a new report from the Baltic and
By Ira Breskin – Failure of a benchmark ship lease to address the environmental and financial impact of charterers’ operational decisions could
By Ira Breskin – BIMCO, which provides most standard ship charter parties or leasing contracts, recently drafted a clause that makes charterers
by John Konrad (gCaptain) A dwindling oil tanker fleet could deepen the global energy crisis over the next three years as energy companies try to increase
The Government of Nigeria and a coalition of global shipping industry orgnizations have launched a new strategy to end the scourge of piracy, armed robbery,
Discussions about charter parties can be fairly dry…unless the subject is tanker chartering. The Society of Maritime Arbitrators (SMA), based in New York,
With the continued fighting in the Ukraine, and the uncertainties surrounding sanctions, port closings, embargoes, and other disrupters, the shipping markets
By Alex Longley (Bloomberg) The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global
By Damian Shepherd (Bloomberg) — Some of the world’s largest shipping organizations are drafting a plan to deal with the changing nature of piracy and
Sabrina Chao takes over as the 45th President of BIMCO, the world’s largest direct entry shipping organization with 1,900 members in 120 countries
A growing number of maritime companies have signed the Gulf of Guinea Declaration on Suppression of Piracy, representing a call to action to help end to
The sale of low sulphur fuel skyrocketed at the world’s largest bunkering hub of Singapore ahead of the IMO 2020 Sulphur Cap deadline, BIMCO said in its
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