d’Amico Locks in $40k+ Time Charters as Product Tanker Market Booms
d’Amico Tankers secures time charters above $40,000 daily in 2024, boosting fixed income amid strong product tanker market driven by geopolitical shifts and high demand.
Flexport deploys agentic AI to automate maritime customs refunds
Flexport’s agentic AI automates customs refund audits for maritime clients, reducing manual work and improving compliance efficiency in global logistics.
Orange Marine Commissions Two Vard 9-03 Cable Repair Ships, Fleet Grows to Four
Orange Marine orders two Vard 9-03 cable repair vessels, doubling its fleet to four units to maintain submarine cables carrying over 95% of global data traffic.
WinGD Secures First Ammonia Two-Stroke Engine Type Approval in 2026
WinGD completes world-first ammonia-fuelled two-stroke engine type approval in 2026, advancing maritime decarbonisation goals with zero-emission technology.
Baleària Posts €801M Revenue in 2025 with Record €170M EBITDA, Expands European Ferry Network
Baleària reports €801M revenue in 2025, up 16%, with record €170M EBITDA and 6.5M passengers. Key growth in North African routes drives sustainability with 15% CO2 cut per passenger.
Maritime Freight Leaks Erode 15% of Shareholder Value
Supply chain inefficiencies in maritime logistics erode up to 15% of shareholder value, with annual contracts often missing market volatility, highlighting the need for digital tools like Xeneta.
Minke Marine Secures ClassNK AiP for Fuel-Saving Air Lubrication System
US firm Minke Marine secures second class approval from ClassNK for air lubrication system after DNV AiP, with sea trials showing fuel savings of 5-15% based on industry standards.
Strait of Hormuz Closure and Baltic Cable Disruption Spike Brent Crude by 10%
Recent maritime incidents including Iran’s Strait of Hormuz closure, Baltic cable disruption, and sanction-evading tanker drive Brent crude up 10%, exposing energy flow fragility.
Index-Linked Contracts in Container Shipping: Granular Data Cuts Volatility by 15%
Index-linked contracts in container shipping reduce volatility, with granular data saving up to 15% in costs. Learn how geography and platforms like Xeneta drive precision in freight negotiations.
Capesize Market Hit by Lunar New Year: C5 Rate Drops to $9.50
Lunar New Year reduces Capesize market liquidity; C5 rate falls to $9.50. Idle costs over $10,000 daily for vessels. Historical 15% drop in Baltic Dry Index in 2023.