Category: Industry Trends

The maritime trade industry, with its vast expanse and complexities, has witnessed several transformative moments throughout history. The expansion of the Panama Canal in 2016 ushered in one such epoch. This evolution enabled the...

In a monumental move signifying South Korea’s prowess in shipbuilding, the renowned HD Hyundai Heavy Industries has clinched a contract to construct two state-of-the-art liquefied natural gas (LNG) carriers. Valued at approximately $530 million,...

The maritime sector, an ancient industry, is demonstrating its enduring capacity for reinvention as it sails into the 21st century. Central to its transformation are a trio of pioneering shifts: a turn toward greener...

Over the past few decades, the global shipping industry has been undergoing a transformative shift in its approach to fuel. This transformation is largely driven by stricter environmental regulations, rising concerns over greenhouse gas...

I. The Current State of Maritime Fuels: A Context Overview of the Existing Marine Fuel Landscape The maritime industry, responsible for a significant portion of global trade, predominantly relies on heavy fuel oil (HFO)...

In recent years, the maritime industry has seen a significant surge in fuel prices, casting ripples throughout global shipping operations. This surge is not merely a fluctuating market anomaly; it’s a trend that’s been...

Freight forwarding, a cornerstone of global commerce, stands at the precipice of revolutionary change. With the exponential rise of technology and automation, this industry, which historically relied on vast paperwork and manual tracking, is...