Coal shipments to advanced economies heading for a 15-year low
“During the first 10 months of 2024, coal shipments to advanced economies fell 6% y/y. Import demand weakened, particularly in…
Baltic index slips on lower capesize, supramax rates
The Baltic Exchange’s main sea freight index fell on Wednesday, snapping a six-session winning streak, hurt by falling rates across…
Safe Bulkers delivers earnings growth in ‘good quarter’ as some ships shift into spot market
Bulker has fewer ships on time charter compared to prior quarter but warns of geopolitical uncertainties
MOL plots giant gas carrier push as Japan pursues green ambitions
Kawasaki Heavy Industries, HD Hyundai and Hanwha Ocean will be contracted to build the 88,000-cbm ships
EU to Support Philippines for Seafarer Training and Certification
The Government of the Philippines and the European Union announced the launch of the Technical Assistance Project to improve seafarers’…
Report: Shipping CO2 Emissions Returned to 2008 Peak as Volumes Erase Gains
The shipping industry’s greenhouse gas (GHG) emissions rose while carbon intensity reductions slowed in the period after the pandemic returning…
Faulty Rigging, High Speed Caused Fatal Tug Girting
The UK’s Marine Accident Investigation Branch has released its report on the loss of the tug Biter, which was girted…
Canadian Unions Plan Court Challenges to Arbitration Ending Port Strikes
The unions representing the foremen for ports in British Columbia and the dockworkers in Montreal both responded angrily to the…
Pro-Hydrogen Shipowners Use COP29 to Call for "Real Zero" Carbon Standard
This year’s global climate conference on implementation of the Paris Agreement, COP29, is lightly-attended by major decisionmakers. National leaders like…
INEOS and Royal Wagenborg to Build CO2 Carrier for Denmark’s CCS Operation
Danish energy company INEOS Energy is contracting for a dedicated CO2 transport vessel as it takes the next step in…