Throughout history, the Levant has stood out as a cradle of civilisation and intellect. Nevertheless, the intense acts of violence that have been going on in the region for months make us question our humane feelings. The Red Sea crisis, which is an implicit consequence of the events in Gaza, continues with far-reaching effects. In…
The number of casualties in the region is mounting every day, and uncertainty persists as to how long it will last. The developments affect shipping operations as it has influenced many other fields. Until October 12, here is a compilation of updates about shipping from the region. Ports of Israel and Gaza In…
New year, new hopes. However, after a turbulent year concerning port congestions, 2022 still does not seem to be the year of redress. Port congestion is a worth considering problem for industry, thanks to some websites you can even keep with the ongoing situation. The fact remains that experts are not completely worrywart about the…
Major sectors of the maritime industry are investing in LNG fueled vessels. Let’s take a look at the situation. LNG is the only commercial viable alternative to conventional marine fuels for deep-sea transportation. LNG-powered vessels are one of the options that meet reduced emissions requirements. For this reason, major sectors of the maritime industry are investing…
Container and dry bulk carrier earnings are at record levels as high demand for the goods hits supply chains. Despite the Covid market conditions, the container market figures are very high. The increase in customer demand at the same rates enabled container manufacturers to make huge profits. Also carrier profitabilities increased because of the exceeded…
Containerization is on the list of events and issues that have shaped the world in the last 80 years. Let’s take a look at at the history of containers. How it emerged and its effects on logistics. Today, an estimated 90 % of the world’s goods transported by sea. And 60 % of that –…
IMO dedicates the 2021 World Maritime Theme to seafarers that facing unprecedented challenges due to the COVID-19 pandemic. Let’s take a look at interviews with seafarers around the world. In this regard, it continues to emphasize the importance of the role seafarers play now and in the future. The slogan is “Seafarers: at the center…
Dry bulk freight rates set a record with the increase in cargo loading volumes in 2021. The dry bulk market includes iron ore, coal, grains, oilseeds, steel, cement, forest products, agricultural products, non-ferrous minerals and metals. Prices driven by the commodity boom, high shipping demand, port congestion and the world economy recover from the pandemic.According…