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Maritime World

FEATURE Bunker Industry Faces Downturn in 2023 After 2022’s Record Margins

Image Credit: Ship & Bunker Repost: The bunker industry is facing gloomier prospects in 2023 after the windfall seen last year. 2022 brought record prices and record margins for the industry as the consequences of the war in Ukraine drove global oil-supply concerns. Shipping and bunker companies lined up shortly …

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Declining Trade Tests Shippers’ Patience, Pockets And Commitment, According To New Report

Image Credit: Maritime Fairtrade Repost: As global trade declined during the second half of 2022, in response to severe economic headwinds in many countries and the continued effects of the Covid-19 pandemic, the GSF/MDS Transmodal Container Shipping Market Review reflected the impacts on the activity and fortunes of shippers of …

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Panama Maritime Authority denies alleged concession for exclusive sale of bunkers

Image Credit: Manifold Times Repost: The Panama Maritime Authority (AMP) on Tuesday (6 December) denied recent publications in which reference is made to an alleged concession for the exclusive sale of bunkers to vessels that use the facilities of the Panama Cruise Port. “We clarify to the country that the …

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CSSC Reports “Extraordinary Year” With 209 Newbuild Deliveries

Image Credit: Maritime Executive Repost: China State Shipbuilding Corporation (CSSC) is wrapping up 2022 highlighting its successes at both growing its volume of new ships delivered during the year as well as growing its backlog despite global challenges. The company says based on preliminary statistics for the year that its …

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