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Maritime News
Piracy Falls to Lowest Levels in 35 Years During First Quarter of 2026
Global maritime piracy and armed robbery incidents fell to levels not seen since 1991, reports the International Maritime Bureau in…
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Maritime News
Russian Energy Export Sales Fall to Lowest Level Since Start of Ukraine War
Under pressure from Western sanctions, Russia’s oil and gas revenues have fallen to the lowest level recorded since the beginning…
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Maritime News
Exports to China Fall to Lowest Output in Three Years
Exports from the Port of Los Angeles, the busiest U.S. gateway for ocean trade, fell 8% in January to the lowest monthly…
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Maritime News
Oil Prices Fall to Lowest Since May Ahead of Possible Russia-Ukraine Peace Deal
Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared…
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Marine World
Container Rates Sink to Lowest Since Start of Red Sea Diversions
By Brendan Murray (Bloomberg) — The cost to ship goods in containers to northern Europe from China fell to the…
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Port News
Box rates rates sink to lowest levels since Red Sea crisis
Container freight rates are sliding further, with Drewry’s World Container Index (WCI) dropping 8% this week to $1,761 per feu…
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Maritime News
Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021
Image courtesy Well-Safe Solutions marine link
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Maritime News
Russian ESPO Blend Oil Freight Rates Hit Lowest Since January
Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to…
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Marine World
Crude Oil Tanker Fleet Growth Flatlines as Deliveries Hit Lowest Level Since 1988
New crude oil tanker deliveries hit a 36-year low in 2024, with only 17 new vessels joining the global fleet,…
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Port News
Lowest bid wins? It’s the least sustainable way of building a ship
It is said that preparations rarely survive contact with reality, but shipyards are realising that engaging with contractors adds value,…
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