In March 2023 China’s economic recovery caused a pick-up in capesize freight rates and in sale and purchase activity for this ship type. As a result, five-year-old second-hand prices rallied 22% m/m, reaching USD 54 million by the end of the month. While capesize spot...

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Tonnage availability has been hard to come by in the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the supply of tonnage to the market has slowed considerably with only a handful of units being circulated into the...

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Global renewable energy company, e1 Marine, has been commissioned to build an S Series 130 methanol to hydrogen generator by Current AG for the development and evaluation of techniques to capture waste heat and CO2 from the exhaust stream created during the reforming...

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Product tanker ALIGOTE collided with moored Aframax tanker LYRIC MAGNOLIA at around 0515 UTC Apr 4 in Suez Canal, in Great Bitter Lake waiting area, both were in southbound convoy. ALIGOTE was anchored near LYRIC MAGNOLIA. Both ships according to Suez Authorities,...

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Vinay Singh, Managing Director of Marine HR at the Anglo-Eastern Group, recently announced that they plan to add an additional 1,000 Indian seafarers to their existing pool this February. He believes that in the next decade, India’s share of global seafarer demand...

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National Maritime Day is celebrated on 5 April in India. The first event of the National Maritime Day or the inaugural ceremony was celebrated in 1964 with an aim to increase awareness about the economy and global trade. The main agenda behind the celebration is...

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