Indian ports make bunkering activity gains amid Red Sea crisis

Indian ports reported a 64 per cent year-on-year (YoY) increase in the total number of bunkering and ship-to-ship (STS) calls during the first seven months of 2024, according to the S&P Global Commodity Insights. In shipping parlance, bunkering refers to the process of supplying fuel to ships. S&P said the Red Sea crisis has prompted

Red Sea rerouteing adding to box shipping’s fuel and emissions costs

The need for container ships to avoid the Red Sea and Suez Canal and instead travel an additional 9,000 nautical miles around Africa’s southernmost point, the Cape of Good Hope, on Asia-Europe routes is pushing up costs. Houthi missile and drone attacks on commercial shipping are now well into their fourth month, and the Iran-backed

Five-fold increase in shipping emissions due to diversions

The extraordinary redrawing of the seaborne trading map between Asia and Europe over the past couple of months since the Houthis intervened in the ongoing war in Gaza is having a deleterious effect on shipping’s carbon footprint with one new report suggesting shippers might experience a more than five-fold increase in CO2 emissions per container