Energy News Beat MarineTraffic / Bjorn S Bjornesjo The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday. The […]
Energy News Beat The January issue of Splash Extragives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer covering all shipping segments, eased back by 8% […]
Energy News Beat ContributionsOperations Paul Ratcliffe provides readers with highlights from Ignition Global’s 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021–22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted, and salary expectations have mellowed—making compensation easier to manage. […]
Energy News Beat Daily Standup Top Stories How a Chinese AI Startup Just Shook the Tech Market Amid Security Concerns January 28, 2025 Clark Savage January 27, 2025 – The tech landscape was rocked today as shares of several major U.S. tech companies plummeted due to the introduction of DeepSeek, a Chinese AI startup whose chatbot rivals […]
Energy News Beat The container shipping freight market has felt like a game of snakes and ladders since the pandemic. Shippers negotiate the trade board, hoping to make steady progress. Sometimes the rates they pay climb exponentially up a ladder for a while, for instance when the pandemic and the Red Sea crisis caused elevated […]
Energy News Beat For those born in the Year of the Ox, such as 1949, the year that Chairman Mao declared the Chinese republic, the coming Year of the Snake is forecast to be a year of stability and productivity. President Xi would presumably settle for that. The dry bulk freight market however has been […]
Energy News Beat You can take your pick of a wide variety of opinions about what Trump 2.0 will do to the global oil markets, but it’s a safe bet that nearly all those opinions amount to one effect: disruption. The US president has already dropped a heavy hint to Saudi Arabia to produce more […]
Energy News Beat The Houthis of Yemen rowed back from attacking merchant shipping following January 19’s historic ceasefire agreement between Israel and Hamas, potentially bringing an end to the 14-month-long Red Sea shipping crisis. The Houthis said so long as the ceasefire remains in place, international merchant ships may now transit the Red Sea. However, […]
Energy News Beat One of the favourite parts of my job is compiling Splash Extra’s monthly review – a chance to assess concisely what were the biggest stories of the past few weeks and to place them in context and level of importance. In the six years – and 73 monthly reviews neatly composed – […]
Energy News Beat As shipping slithers somewhat apprehensively into the Year of the Snake, analysts reckon tankers – whether hauling gas or oil – are best placed to see an uptick in fortunes. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, […]
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