The shipping industry was seriously affected in 2022 and will continue to be impacted in the new year by high inflation rates and the War on Ukraine. New year messages, as a cliché, are formed by powerful sentences that explain the change and wish for the better. However, the year 2022 was so turbulent that…
“Five weather-beaten fists grasped the pole and planted it first at the geographical South Pole”, said Roald Amundsen. He was feasible, strategic, and ferociously ambitious. He was among the first to fly across the Arctic and the first to reach the South Pole and travel by ship through the Northwest Passage. Even though it was…
The traces of shipping are everywhere. Thanks to shipping, from clothing to technological devices, every kind of product can arrive at your doorstep after being produced in oversea territories, stored in container boxes and passed through oceans. Every year, 179 million TEUs(Twenty-foot equivalent unit) are moved around the globe by more than 6000 container ships.…
One that confounds good and evil is an enemy to good, said statesman and economist Edmund Burke once. For the sake of nature, even though we do not know what is exactly good but we know what is certainly bad. For centuries, shipping relied on wind power yet since the 19th century it generally relies…
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…
The spread of the Omicron coronavirus variant is a new topic of tension in the maritime shipping industry. It could deal another blow to supply chains The worldwide traffic congestion in the transportation bottlenecks will either continue or revive with 2022. If bottlenecks persist, freight costs will remain high. Cargo on ships will limited and…
Following another challenging year that the industry has ever seen, 2022 has arrived with many unknowns but also some positive signs to be hopeful. The balance of the dry cargo and container market expected to remain stable in 2022. Also, it expected that there may be an improvement in freight rates. The effects of the…
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…
An increasing number of seafarers are quitting their jobs because of their working conditions during Covid 19. If we look a the global workforce shortage and high turnover, we see that; Motivating and retaining seafarers are an important challenge among seafarers. The difficult working conditions during the pandemic increased the importance of this issue. The…