Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest…
Long Term Rates Edge Up Globally as Red Sea Conflict Continues Read More »
According to the latest figures from DNV’s AFI platform, 23 new orders for alternative fueled vessels were registered in April 2024.A majority of these (12) were for methanol-fueled tankers, a segment where the uptake of alternative fuels has…
April Sees Jump in Methanol-Fueled Tanker Orders Read More »
Maryland said on Thursday it estimates it will cost $1.7 billion to $1.9 billion to rebuild a collapsed Baltimore bridge and anticipates it will be completed by fall 2028.The Maryland Department of Transportation said the state’s “planning level…
Maryland Estimates Bridge Replacement Cost at $1.7 – $1.9 Billion Read More »
The captain of a dive boat that caught fire and sank off the California coast in 2019, killing 34 people in one of the state’s deadliest maritime disasters, was sentenced on Thursday to four years in prison for his conviction on a federal charge of sea…
Conception Captain Gets Four-Year Prison Term Read More »
Reasons for detentions range from ISM failures to missing certificates
Sinokor VLCCs detained in UK and Norway after failing safety inspections Read More »