Xeneta: Container Rates Set New Records with Little Relief Ahead Container shipping rates are continuing the unprecedented rise to previously unthinkable levels. A new market analysis from the benchmarking and market intelligence platform Xeneta highlights the surge in rates while also predic
Port States Target 10,000 Ships in Stability Inspection Campaign Shipping authorities will be launched a concentrated inspection campaign this fall focusing on crew familiarity with stability and compliance with stability regulations. The authorities did not specify the reasoning behin
Global Trade Roars Back, But Stresses Remain Globalization is back with such a vengeance that the shipping lines are struggling to keep up, sending freight rates to astronomic levels. The onset of the pandemic early last year slashed trade volumes and highlighted the vulnerability of t
ShipMoney Introduces Money Transfer Scheduler, Empowering Crew Maritime Payment Solutions, LLC (d/b/a ShipMoney), a global provider of digital payment solutions for maritime companies, has launched the ShipMoney Money Transfer Scheduler. This new feature allows seafarers to preschedule
On Tuesday, a group of technology companies and researchers released a concept design for a new autonomous guard vessel for offshore installations like wind farms.
A good sailor has traditionally been a person who makes decisions that ensure that their ship, cargo and crew are safe. Good seamanship has not been synonymous with following procedures and doing everything by the book. Maybe just the opposite.
Fresh Del Monte Produce recently took delivery on the first of a new generation energy-efficient reefer container vessels. Ordered in 2018, the six ships of this class are designed to the latest energy efficiency standards and are part of the company’s efforts to decrease its emissions and enh
New Fortress to Build Sri Lanka’s First LNG Terminal Sri Lanka will receive its first natural gas terminal providing a source of fuel for the country’s power plants under a framework agreement signed with energy infrastructure company New Fortress Energy. The terminal which
AST Launches Iridium Certus 200 Service With Usage Alert Capabilities Applied Satellite Technology (AST) Ltd, today announced the official launch of its unique Iridium Certus 200 service offering, with real-time alerting capabilities ensuring customers’ stay fully in control of M
BIMCO Expects World Fleet Will Grow at Slower Pace in the Next 5 Years Despite the recent flurry of construction orders coming primarily in the containership and gas carrier segments, BIMCO in its new analysis of global shipbuilding in forecasting a slowing growth rate for the world’s f
