The ClarkSea index dropped 37% last year, however it was compared to an exceptional year in 2022 that was fuelled by the container markets.

NYK’s President has pointed to multiple geopolitical challenges affecting its ability to make immediate judgments on the group’s position in many countries.

As the Isle of Man registry celebrates the Berge Olympus as the most powerful sailing ship in the world the focus on wind power could swing the maritime industry behind a technological renaissance.

Mental Health Support Solutions (MHSS) is offering pro bono critical mental health support to vessels in the Red Sea and Gulf of Aden high risk areas.

Twelve nations have warned the Houthis against further attacks in the Red Sea on the day the UN Security Council met to discuss the situation.

Anti-ship ballistic missiles were fired into the Red Sea on January 2, demonstrating the continued threat to merchant shipping despite an international naval presence.

Despite a record take-up of green technologies in ships ordered in 2023, thousands of existing vessels will fall into carbon intensity indicator (CII) categories D or E, requiring owners to take action immediately or within the next three years.

China Merchants Energy Shipping is to build two bulk carriers and two multi-purpose vessels from China Merchants Industry.