Steering With Artificial Intelligence To Combat Maritime Piracy

Maritime piracy today remains a complex challenge to international law, world trade and the safety and security of seafarers. The International Maritime Organisation (IMO) and other maritime safety advisories publish various counter-piracy guidelines and recommendation to help shipping companies protect their ships against the piracy menace. In reference to the guidelines, while it is essential …

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Drewry: World Container Index Down 0.7% but 107.6% Higher Versus Same Week of 2019

The composite index decreased 0.7% this week, but 107.6% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,894 per 40ft container, which is $434 higher than the five-year average of $1,460 per 40ft container. Drewry’s composite World Container index inched down by …

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LNG BUNKER WEEKLY: Japan conducts first ship-to-ship bunkering; GAC, Pilot sign HOA

The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. The JKM for December was assessed at $6.757/ MMBtu. The market backwardation over the December-January period widened on a softer January derivatives market while December remained tight, with physical offers going past the $7/MMBtu mark on lingering supply …

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India’s container market to rebalance in coming months: FIEO

Growing demand from India’s consumer and industrial sectors could help boost imports and rebalance the country’s container markets over the next three months, according to Ajay Sahai, the Director General and CEO of the Federation of Indian Export Organization. Speaking to S&P Global Platts recently, Sahai said Indian exporters were waiting for year-end demand signals …

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GCC Bunkers selects ION Commodities’ Aspect CTRM solution

ION, the largest global provider of trading, analytics, and risk management solutions for commodities and treasury management, today announced GCC Bunkers selected the ION Aspect CTRM solution to manage its complex physical oil and fuel business. Aspect, the leading multi-tenant SaaS CTRM solution, was selected for its extensive capabilities in the bunker fuels market, its …

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