12 NOV 2024 International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has completed a diplomatic tour of Red Sea countries, addressing the escalating crisis that threatens global trade and seafarer safety. The crisis began nearly a year ago with the hijacking of the MV Galaxy Leader by Houthi forces on November …
Read More »HD HYUNDAI BEGINS AUTONOMOUS DEMONSTRATION WITH LARGER CONTAINERSHIP
11 NOV 2024 South Korean shipbuilder HD Hyundai Heavy Industries today started a demonstration of autonomous operations of a large containership with the systems specifically designed into the vessel. It is part of a government-sponsored program being overseen by Korea’s Ministry of Trade, Industry and Energy, and the Ministry of …
Read More »EGYPTIAN OFFICIALS CITE “SEVERE LOSS” AT ONE YEAR MARK FOR HOUTHI ATTACKS
10 NOV 2024 Egyptian officials quantified the severe level of economic damage to the country’s economy as the Houthis closed in on the first anniversary of the launch of their assaults on commercial shipping in the Red Sea. Egypt emphasized the impact while it was meeting with the Secretary-General of …
Read More »DIRTY FUEL’S BIG COMEBACK: HSFO PRICES SPIKE AS SHIPS REROUTE FROM RED SEA RISKS
09 NOV 2024 One of the dirtiest corners of the global oil market is staging a spectacular rally, boosted by surging demand from ships sailing longer voyages to avoid unrest in the Middle East. The relative price of shipping fuel with a high sulfur content, an undesirable and pollutive contaminant, …
Read More »ALL HANDS FEARED LOST FROM PHILIPPINE CARGO SHIP MISSING FOR A WEEK
08 NOV 2024 The Philippine Coast Guard on Thursday reported that it was investigating the growing number of reports of debris and a possible sighting of bodies after days of intensive searching for a missing coastal cargo ship. Contact was lost with the vessel during one of the recent typhoons …
Read More »DELIVERING ON THE PROMISES OF MARITIME SOFTWARE
07 NOV 2024 As the maritime world embraces everything from the cloud to AI, the promised benefits of maritime software are becoming reality. Maritime software solutions in recent years have shown results in fundamental applications such as navigation, weather predictions, and route and maintenance planning. More recently, the industry has …
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