News

Global News

IAEA Uses Nuclear Tools to Study Antarctic Plastic Pollution

IAEA Uses Nuclear Tools to Study Antarctic Plastic Pollution

Last week, the International Atomic Energy Agency (IAEA) launched its first scientific research expedition to investigate the extent of microplastics pollution in the Antarctica. Argentine President Javier Milei and IAEA Director General Rafael Mariano Grossi led the...

Norway’s Turn Towards Deep-Sea Mining Dismays Experts

Norway’s Turn Towards Deep-Sea Mining Dismays Experts

Norway, renowned for its substantial offshore oil and gas reserves, made a surprise move in 2021 to rebrand itself as an ocean champion. However, this environmental turn is being reversed as the government pursues commercial mining in the country’s extended...

High Speed Internet at Sea

High Speed Internet at Sea

Low-Earth-orbit satellites are revolutionizing maritime connectivity – to the delight of shipowners and crew alike. Far above the planet, thousands of satellites are orbiting Earth. Some are taking high-resolution photographs and beaming them back to ground stations,...

Top ocean shipping stories of 2023: War, drought and detours

Top ocean shipping stories of 2023: War, drought and detours

Ocean shipping routes are always in flux, but 2023 took it to a whole new level. Trade routes were blocked or impeded by geopolitics, labor and weather: sanctions on Russia, U.S.-China tensions, dockworker union unrest, drought-driven cuts at the Panama Canal, and...

Russia Claims New Record for Cargo on the Northern Sea Route

Russia Claims New Record for Cargo on the Northern Sea Route

As of the last week of 2023, Russian officials were claiming to have reached a record level of cargo moving along the Northern Sea Route while expecting to continue to increase the total to the end of the year. The reports are saying that volumes recovered from the...

More Than 280 Boxships Have Diverted Away From Red Sea

More Than 280 Boxships Have Diverted Away From Red Sea

The degree of disruption from attacks on shipping in the Red Sea continues to escalate. As of Sunday, more than 280 container vessels - not counting tankers, bulkers, car carriers or other vessel classes - have diverted to the Cape of Good Hope, according to an...

Conflict and climate conspire to reroute container ships

Conflict and climate conspire to reroute container ships

Geopolitical and meteorological events are continuing to reshape global container shipping trading patterns as vessels look for alternatives to all water routes via the Suez and Panama Canals. Nick Savvides | Dec 19, 2023 Low water levels in the Panama Canal have...

Panama Canal transits plunge as larger ships are turned away

Panama Canal transits plunge as larger ships are turned away

The official Panama Canal transit numbers for November are out — and they’re ugly. November could be the tip of the iceberg. Reservation slots are being slashed further this month and in January. The total number of transits declined 22% in November versus October,...

Singapore gets its first methanol bunkering vessel

Singapore gets its first methanol bunkering vessel

Singapore has welcomed the delivery of its first methanol bunkering vessel, marking its commitment to serve as a living lab for bunkering alternative fuels. Michele Labrut | Dec 15, 2023 Singapore, a global maritime bunkering hub, has welcomed the delivery of its...

Salvage industry needs to prepare for new fuels

Salvage industry needs to prepare for new fuels

As the drive to develop new zero emission fuels intensifies the salvage industry must recalibrate its training programmes to handle the patchwork of fuels that will replace oil in the transition and beyond. Nick Savvides | Dec 11, 2023 A panel of industry experts...

12 container ships divert from Red Sea over terror threat.

12 container ships divert from Red Sea over terror threat.

Initially attacks on shipping in the Red Sea and the Straits of Hormuz, which have included hijackings and missile strikes, targeted Israeli-linked ships recent incidents such as the drone strike on the OOCL chartered containership Number 9 had no current Israeli...

The Virtual Watch Tower: A Public Good

The Virtual Watch Tower: A Public Good

Building the new economy revolves around data, internet-of-things (IoT), artificial intelligence (AI), cloud and federated computing. The shipper-driven, terminal-centric Virtual Watch Tower / VWT (www.virtualwatchtower.org) is a federated computing initiative,...

Another Panama Canal red flag: Spiking product tanker rates

Another Panama Canal red flag: Spiking product tanker rates

Product tanker rates from U.S. to Chile and Peru have doubled since Nov. 1 Yet another signal on the Panama Canal situation is flashing red: Spot rates are surging for product carriers — specialized tankers carrying diesel, gasoline and jet fuel — that transit the...

Illegal seafarer recruitment fees average $1,800

Illegal seafarer recruitment fees average $1,800

The charging of recruitment fees to seafarers is forbidden under the Maritime Labour Convention (MLC) but the practice is still widespread. Under the MLC there is the employer pays principle, however, a presentation by Ben Bailey, Director of Programme for Mission to...

Challenges still lie ahead with EU ETS for shipping

Challenges still lie ahead with EU ETS for shipping

Implementation of the EU Emissions Trading System (EU ETS) for shipping is still creating challenges for the industry with some parts of the legislation yet to be enacted and decisions to be made on who will be responsible for paying the charges still undecided....

By 2030 all newbuildings will be dual-fuel capable

By 2030 all newbuildings will be dual-fuel capable

Discussing ‘Solutions heading for zero carbon’ at the Greener Shipping Summit in Athens last week, Michael Jeppesen, Promotion Manager, MAN Energy Solutions, said the company will “by the end of 2024, be able to deliver our first ammonia powered engine, a...

Container shipping – a return to ‘normal’

Container shipping – a return to ‘normal’

Port of Los Angeles (Port of LA) Executive Director Gene Seroka provided some very useful insights into developments at the Federal Maritime Commission (FMC) and on the ongoing efforts among transportation community participants to improve information flows in his...

El Niño wreaks havoc on global shipping patterns

El Niño wreaks havoc on global shipping patterns

Across every continent shipping is having to contend with the fallout from this year’s El Niño, a weather phenomenon that has helped cut drafts along major waterways, slashed agricultural production in key export markets, and could herald a stormy Pacific for vessels...

Bleak times ahead for container shipping: analysts

Bleak times ahead for container shipping: analysts

A series of analyst reports over the last week from Xeneta, HSBC Global Research, and Sea-Intelligence present a downbeat picture ahead for container shipping with overcapacity leaving carriers subsidising shippers on key routes. Despite a spell of super-profits as...

How Middle East war could impact global LNG, LPG shipping

How Middle East war could impact global LNG, LPG shipping

War in the Middle East changes the geopolitical calculus for ocean shipping, compounding existing threats from Russia’s invasion of Ukraine. Two of the top energy cargoes at risk in the Middle East are liquefied petroleum gas (LPG) — propane and butane — and liquefied...

Local News

Maritime laws need updates to stay relevant – Loke

Maritime laws need updates to stay relevant – Loke

PUTRAJAYA: Laws related to the maritime sector need to be amended from time to time to ensure they remain relevant to current developments and needs, said Transport Minister Anthony Loke. Loke noted that some of the laws in use for this sector are outdated as they...

PM Anwar: RM1.24bil potential export to Peru generated

PM Anwar: RM1.24bil potential export to Peru generated

LIMA (Peru): Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation...

Malaysia, UAE look to bolster ties

Malaysia, UAE look to bolster ties

DUBAI: Malaysia and the United Arab Emirates (UAE) are looking forward to bolstering ties across various sectors. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said his meeting with UAE’s Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei here...

‘Need to cut excessive plastic use in logistics’

‘Need to cut excessive plastic use in logistics’

Consumer group calls for awareness programmes to seek alternatives, reduce packaging waste THE government is urged to broaden its focus on eliminating single-use plastics by addressing how they are also utilised in logistics, in addition to the retail sector. Malaysia...

Westports’ net profit rises to RM233.07mil in 3Q24

Westports’ net profit rises to RM233.07mil in 3Q24

KUALA LUMPUR: Westports Holdings Bhd has posted a higher net profit of RM233.07 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM195.0 million in the same quarter a year ago. Revenue for the quarter rose to RM572.57 million versus...

Malaysia’s Budget 2025: Impact for Businesses

Malaysia’s Budget 2025: Impact for Businesses

On October 18, Malaysia’s government introduced its 2025 national budget – the largest in its history – to bolster the economy’s competitiveness by introducing new tax incentives, slashing subsidies, and developing new economic clusters. With an unprecedented 421...