Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly report, shipbroker Xclusiv said that “a total of 1,256 sales had taken place in the dry and tanker markets as of December 20th, representing a nearly 10% d…
Ship Sales Fall in 2023 Read More »
Clarksons Research have today released their latest Green Technology Tracker, including full year 2023 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet. Summari…
Clarksons: 45% of all newbuild orders placed in 2023 alternative fuel capable Read More »
Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we approach the 20th February 2024 renewals, it’s crucial to understand the latest indus…
Copenhagen Infrastructure Partners and Avangrid said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid.The project is expected to have five turbines operating…
Vineyard Wind Supplies First Power to Grid Read More »
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.Yemen-based…
Ocean Cargo Rates Climb After New Red Sea Ship Attacks Read More »