The latest shipping, industry and maritime market developments.
ShipUniverse: Story Summary Key Point Details Technological Breakthrough Hyundai Heavy Industries has developed a zero-carbon ammonia dual-fuel engine. Fuel Type The engine…
Read More →ShipUniverse: Wind-Assisted Propulsion for Jumbo’s Heavy Lift Vessel Key Point Details Technology Jumbo has added Ventofoils, a wind-assisted propulsion system, to one…
Read More →ShipUniverse: ESL Shipping’s Fossil-Free Vessel Orders Key Point Details Company ESL Shipping, a dry bulk cargo carrier in the Baltic region Vessel…
Read More →ShipUniverse: Hurricane Milton Fuel Supply Impact Summary Key Point Details Fuel Supply Disruption Florida’s fuel supply chain, heavily reliant on maritime shipments,…
Read More →ShipUniverse: LNG-Fueled Fleet Growth Summary Key Point Details Projected Growth The LNG-fueled fleet is set to double by 2025, with over 400…
Read More →ShipUniverse: IMO MEPC 82 Green Shipping Outcomes Key Point Details Carbon Reduction Targets The IMO strengthened targets to reduce carbon emissions by…
Read More →ShipUniverse: Indian Ocean Piracy Resurgence Summary Key Point Details Cause of Resurgence Increased piracy in the Indian Ocean due to ships diverting…
Read More →ShipUniverse: Russia-China Oil Shipment Record Summary Key Point Details Record Shipments Russia and China reached a record for crude oil shipments via…
Read More →ShipUniverse: U.S. Port Strike Recovery Summary Key Point Details Extended Gate Hours Ports are extending gate hours to accommodate the backlog of…
Read More →ShipUniverse: Greece Joins Clean Energy Marine Hubs Project Summary Key Point Details Greece’s Role Greece joined the Clean Energy Marine Hubs project…
Read More →ShipUniverse: Scorpio Tankers Sale Summary Key Point Details Sale Price Scorpio Tankers sold its LR2 vessel for $73.5 million. Strategic Objective This…
Read More →ShipUniverse: Container Spot Rate Decline Summary Key Point Details SCFI Drop The Shanghai Containerized Freight Index (SCFI) dropped by 43% in Q3…
Read More →ShipUniverse: Carnival Profit Outlook Summary Key Point Details Profit Forecast Increase Carnival has raised its profit forecast for 2024 due to strong…
Read More →ShipUniverse: U.S. Port Strike Impact Summary Key Point Details Strike Start Date The strike began on October 1, 2024, after negotiations between…
Read More →ShipUniverse: Singapore Top Maritime Centre Summary Key Point Details Key Achievement Singapore named the world’s top maritime centre for the 11th consecutive…
Read More →ShipUniverse: Red Sea Attack Summary Incident An oil tanker in the Red Sea was damaged by an explosive drone boat attack in…
Read More →ShipUniverse: Automation in Shipping Summary Key Technology Autonomous ships, unmanned vessels, and smart port integration are transforming shipping operations. Operational Efficiency Reduced…
Read More →ShipUniverse: Port Strike Impact Summary Strike Commencement The U.S. East and Gulf Coast port strike began on October 1, 2024, following failed…
Read More →ShipUniverse: Container Ship Orderbook Summary Key Point Details Record Orderbook The global container ship orderbook hit an all-time high in Q3 2024,…
Read More →ShipUniverse: Bunker Fuel Market Summary Key Point Details Rising Bunker Fuel Prices The cost of VLSFO has increased significantly, fluctuating between $555…
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