Market Pressure In the face of weak export data from China, rising U.S. inventory builds, and the overarching economic malaise, crude prices have resumed a downward spiral, contributing to a second consecutive weekly decline. UBS analyst, Giovanni Staunovo, noted that long investors are likely to stay on the sidelines until larger oil inventory reductions materialize. […]
The Struggle of Oil Prices: Sinking Despite Output Cuts Read More »
Proposed Legislation on World Ocean Day On World Ocean Day, members of the U.S. Senate and House of Representatives introduced legislation aimed at reducing emissions from ships traveling to U.S. ports and while anchored. Inspired by the European Union’s FuelEU Maritime initiative, these lawmakers are seeking to tax and limit carbon-based fuels, addressing concerns that
Sailing Towards a Greener Future: The Clean Shipping Act of 2023 Read More »
Revitalizing Belfast’s Waterfront Belfast Harbour, Northern Ireland, is set to undergo a significant expansion to cater to the burgeoning cruise trade and propel its dry bulk, breakbulk, and offshore wind sector capacities. Ulster Business states that the port authorities are advancing their plans for a heavy-duty quay and deep water berth, first approved four years
Belfast Port Expansion: Unlocking Northern Ireland’s Cruise and Cargo Potential Read More »
The Green Revolution in Shipping As concerns over climate change and environmental degradation continue to rise, the shipping industry leaps to a greener future. Japanese shipping giant MOL, leading the charge, has announced ambitious plans to operate at least 90 ships powered by eco-conscious fuels by 2030. This bold initiative is an important stride towards
Unveiling the Future of Green Shipping: A Glimpse into MOL’s Sustainable Fleet Read More »
A New Wave of Sustainable Cruising Norwegian shipping giant Hurtigruten has unveiled plans for an innovative, eco-friendly cruise ship, aiming to achieve zero emissions through a revolutionary combination of battery technology and wind-assisted propulsion. This ambitious project, known as Sea Zero, is the fruit of a collaborative effort between Hurtigruten, 11 other maritime partners, and
Sailing Towards a Greener Future: The First Zero-Emission Cruise Ship Read More »
Securing the Future of Dnipro River Trade The collapse of the Kakhovka Dam in southern Ukraine has far-reaching consequences, as large sections of the Dnipro River are now unnavigable. With trade restrictions mounting, it is necessary to explore solutions and safeguards to ensure that cargo traffic resumes on this crucial waterway. Modernizing the Fleet for
Uncharted Waters: Navigating the Challenges of Modern Shipping Read More »
The Emergence of BioMSAR Fuel In a quest for sustainable and cost-effective energy sources, emulsion fuel company Quadrise has recently inked a joint development agreement with BTG Bioliquids BV. Aimed at encompassing BTG’s fast pyrolysis bio-oil (FPBO) into Quadrise’s bioMSAR fuel, this collaboration signifies a momentous stride in the green energy sector. BTG presently operates
Captivating Biofuel Blend: Quadrise’s Partnership with BTG Bioliquids Read More »
The Great Container Conundrum As retailers prepare for their busiest season, concerns are rising as import volumes are expected to remain significantly lower than in previous years. Container shipment levels have reverted to pre-pandemic values and are likely to stay at these levels, creating uncertainty for the retail industry. The National Retail Federation (NRF) stated
The Import Dilemma: Retailers Brace for a Challenging Season Read More »
The Ramifications of a Toppled Dam The obliteration of the Kakhovka dam in southern Ukraine has resulted in inaccessibility to sections of the Dnipro River, robbing Kyiv of a vital agricultural export path. Shipping authorities have outlined that the ruined route further complicates Ukraine’s circumstances amid the uncertainty that surrounds a U.N.-mediated agreement, which guarantees
Reestablishing River Connectivity: Ukraine Faces Daunting Obstacles Read More »
Heralding the IMCA eCMID System Annual Report The International Marine Contractors Association (IMCA) takes a deep dive into its latest annual report, highlighting ongoing problems concerning vessel inspections, confined spaces, cyber security, and life-saving appliances. Drawing from 1,539 analyzed reports, the IMCA aims to identify common issues to improve safety standards in the marine and
Marine Vessel Inspections Uncover Persistent Safety Concerns Read More »
