Sector Archives

Yukta SharmaSeptember 20, 2025

Ship Scrapping Rates Plummet Amid Strong Market

Ship owners are holding onto older vessels rather than scrapping them, driven by significant cash flows. According to a recent…

Yukta SharmaSeptember 20, 2025

Global Container Fleet Orders Tilt Toward Alternative Fuels

The container shipping sector is undergoing a significant transformation as it shifts towards cleaner fuel alternatives. Recent data from the…

Yukta SharmaSeptember 19, 2025

MOL’s bulker embarks on biofuel-powered voyage for Anglo American

The Lambert Maru, a Capesize bulk carrier operated by Mitsui O.S.K. Lines (MOL), has commenced a significant biofuel-powered voyage for…

Yukta SharmaSeptember 19, 2025

Hydrogen ship fuel: IMO’s Interim Safety Guidelines Propel Maritime Decarbonization

The International Maritime Organization (IMO) has made a significant stride towards maritime decarbonization with the introduction of interim guidelines for…

Yukta SharmaSeptember 18, 2025

BSC to acquire two ships for $77 million

The Bangladesh Shipping Corporation (BSC) has finalized a significant agreement to purchase two new ships from Hellenic Dry Bulk Ventures…

Yukta SharmaSeptember 17, 2025

MV Densa Lion Arrested At Paradip Port For Outstanding Dues

In a significant legal development, the bulk carrier MV Densa Lion has been detained at Paradip Port following an order…

EcoNavis Solutions And Shipdyn Cooperate On Novel Fuel-

Yukta SharmaSeptember 16, 2025

Innovative Y-Hull Design Promises Maritime Efficiency

Glasgow-based EcoNavis Solutions has partnered with Singapore’s ShipDyn to revolutionize vessel design with their new Y-Hull technology. This innovative hull…