Ukraine’s grain tycoon killed in Russian shelling of Mykolaiv
Oleksiy Vadatursky One of Ukraine's richest businessmen, Oleksiy Vadatursky has been killed with his wife in "massive" Russian shelling of the southern city of Mykolaiv. He was worth $450m (£369m),…
Global initiative to reduce illegal fishing, bycatch launched in Africa
MOZAMBIQUE: The first meeting of a new global initiative to increase co-ordination and co-operation amongst regional fisheries bodies was held in Maputo, Mozambique last month. Participating organisations include those mandated…
Seafarers’ apathy stands in way of Ukraine grain corridor
Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.…
Demurrage, detention charges rose 12% worldwide…Become significant cost centre for shippers
Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to the operational costs for shippers. These were a few…
EU looks to replace gas from Russia with Nigerian supplies
The European Union EU is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy…
Oil prices slump as stockpiles, rate hikes stoke demand worries
Oil prices fell more than $3 on Thursday after higher gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. futures dropped $, or…
EU cuts euro zone growth forecasts, revises up inflation outlook
The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday largely due to…
Percentage of female seafarers remains unchanged in 40 years
The percentage of female seafarers serving in the global shipping fleet has remained unchanged at two per cent for the last 40 years. Outgoing Nautical Institute President Jillian Carson-Jackson highlighted…
Global real estate choked by rising interest rates, leads economic slowdown
Detailed sector PMI data compiled by S&P Global, derived from information provided by panels of over 30,000 companies in 45 countries, reveals demand falling in nine of the 26 detailed…
Post-Covid container demand boom coming to an end
Image source: Seatrade Maritime The post-Covid demand surge for container shipping appears to have run its course according to Drewry’s port throughput indices. The Drewry Global Port Throughput Index stood…
