Viking Cruises will compensate hundreds of passengers on its Orion cruise ship after cruisers were forced to stay on board and miss multiple stops because officials blocked port access due to marine growth on the ship’s hull.The 930-guest capacity Viki…
Hull Fouling Spoils Australia-New Zealand Cruise Read More »
The start of the New Year has been, as expected, rather lackluster for the shipping market. In its latest weekly report, shipbroker Fearnleys said that “it’s been a lackluster start to the New Year in the VLCC segment and lack of fresh enquiries and tr…
Shipping Markets Still in “Holiday” Mode Read More »
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to Chinese New Year (CNY) bring an increase in volumes and freight rates. So far, however, the lead-up to CNY in 2023 has been the worst in 13 years. Spot r…
Chinese export container rates drop 27% as usual Lunar New Year cargo rush fails Read More »
Maritime is at the center of global trade and many sectors rely upon the industry for safe transportation of critical goods. For instance food imports and building supplies. Despite this criticality, maritime infrastructure remains vulnerable and large…
Vessel Vulnerabilities: Why Attackers Increasingly Target Maritime Read More »
In some regions, tonnage lists shortened to start the year but many parts of the market continue to languish
Tankers struggle with New Year’s hangover as market flounders Read More »