Singapore-based commodity trading giant, Trafigura, has ordered four medium gas carriers (MGC) that will be powered by ammonia dual-fuel engines, at Hyundai Mipo Dockyard in Ulsan.
As many countries enjoy the May Day holiday spare a thought for seafarers working far away from home and running the gauntlet of geopolitical conflicts.
A rise in freight rates in Q4 FY2023 due to geopolitical tensions in the Middle East pushed Ocean Network Express (ONE) back into the black, and it is forecasting a profitable FY2024.
A sluggish last two years has been left behind according to consultancy MSI in its monthly liner shipping report for April, but the devil is in the detail as figures for early 2024 skewed by sluggish year-on-year comparisons.