No short-term relief Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surge in prices across different freight rates (dry bulk, containers) along major trade routes. Prices for severa…
5 reasons global shipping costs will continue to rise Read More »
Digitalization in shipping shouldn’t be regarded as a thing for the future, or some abstract idea that could (or not) offer valuable contribution to the way the industry works. It’s actually happening right now and has been for quite some time. New sof…
Technology is Paving the Way for the Future of Shipping Read More »
Lead times have been steady in Singapore for all three main fuel grades in the past week, and VLSFO supply improves in Fujairah. There is now more fuel oil stored in Singapore than there was on average per week in May and April. Singapore’s residual fu…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole, according to the most current results of the first official Marine Economy Satellite…
Marine Economy Contributes Nearly $400 Billion to US GDP Read More »
The Biden administration on Tuesday said it will explore the potential of offshore wind energy development in the Gulf of Mexico, part of its goal to supercharge growth in clean energy over the next decade.”This is an important first step to see what r…
US Explores Wind Energy Potential in Gulf of Mexico Read More »