- Maritime Data Newsletter
- Posts
- Red Sea Tensions Escalate 🚨: Dual UAS Attacks on Merchant Vessels Reported | The Fleet Operating in Opaque Markets 🚢 & 2 New Product Updates 📈
Red Sea Tensions Escalate 🚨: Dual UAS Attacks on Merchant Vessels Reported | The Fleet Operating in Opaque Markets 🚢 & 2 New Product Updates 📈
Rory Proud
December 08, 2023
Maritimedata.ai is a digital broker that provides data and analytics solutions for the maritime ecosystem.
Source, evaluate and purchase maritime data and analytics from the largest network of specialised providers in the world.
The newsletter provides you with up-to-date information on the most recent advancements in space and market insights produced by partners in the Maritime Data network.
Insights 📈
Red Sea Tensions Escalate: Dual UAS Attacks on Merchant Vessels Reported (link)
Renewed Strength for Cargo Orders for Copper Bound for China Could Herald a Pickup in Chinese Industrial Production (link)
US slaps sanctions on three more ships over oil price cap (link)
Black Sea disruptions bring Kazakhstan production in focus (link)
The congestion in the Panama Canal remained significant for MR (link)
Time to reflect on where investment in new tonnage has been the strongest - Tankers (link)
Global Bulk Shipping Update: Economic shifts and sector trends (link)
OPEC+ deepens cuts as Brazil joins the group (link)
Deeper Dive 🔎
New Products 🚀
Kpler introduce emissions intelligence
Signal Ocean launch new features to archive and merge cargos
Upcoming Events 🗓️
Maritime Executive Meeting - 18 January Gothenburg, Sweden 🇸🇪
NEW: Job Board 💼
Scroll down for 2x new featured opportunities to work in Maritime Data and Analytics 🚢📊
The fleet operating in opaque markets - one year since the EU import ban Vortexa
The opaque players crude exports reach 4-year high, accounting for a growing share of global crude exports.
Iran, Russia and Venezuela’s (opaque market) combined crude exports reached 5.7mbd in May, a 4-year high and a 15% increase y-o-y. The opaque markets crude exports averaged 5.2mbd in 2023, a 500kbd increase y-o-y, an increasingly important market to global crude supply.
This 4-year high was driven by record-high Iranian crude/condensate exports and Russia increasing its crude exports despite sanctions.
➔ Iran’s crude/condensate exports surpassed 1.5mbd in May, driven by strong demand from China and increased production
➔ Russia increased its crude exports (excl. CPC Blend & KEBCO) to 3.6mbd in May, despite the EU import ban and OPEC+ cuts
➔ Russia found alternative buyers - India accounts for 50% of Russian crude imports in 2023, compared to 20% in 2022
➔ China also accounts for 40% in 2023, a 10pp increase y-o-y
➔ Venezuela’s exports have increased due to higher production and US increased purchases of Venezuelan crude via Chevron
To read the full exclusive report by Vortexa:
The Business Case for Supply Chain Visibility Beacon
Supply chain visibility isn’t just about ETA tracking – it’s an organisation's ability to access, share and analyse their supply chain data. Investing in visibility helps organisations unlock new capabilities, transform ways of working and future-proof their businesses, all while boosting the bottom line.
The strategic benefits of supply chain visibility
Supply chain visibility gives you ownership of your supply chain data. Instead of leaving data dispersed across carrier portals, visibility solutions bring your data together in a single source of truth and help you get a full picture of what’s happening.
Visibility also streamlines supply chain collaboration. Any good visibility programme has to extend beyond the walls of your organisation to reach your supply chain partners. Collaboration tools bring together stakeholders, data, documents and communication in a central hub.
A good visibility platform should also enable you to measure and report on Scope 3 carbon emissions, get ahead of regulations and protect your brand.
It’s also good for the bottom line
Improving supply chain visibility also delivers savings that boost your bottom line. Insights into past performance boost negotiating power with partners and help you make better, data-driven planning decisions that collectively drive down freight costs and improve supply chain performance.
The benefits of investing in supply chain visibility are wide-reaching. Not only does it help drive cost savings and supply chain performance, but it also helps businesses future proof their supply chains and set the groundwork for automation.
To read the full report by Beacon:
4 new enhancements to the Signal Ocean Platform
Cargo Merging Functionality: Signal have introduced a new capability for users to manually merge multiple cargoes or cargo clusters.
This can be done through the 'Merge' option in the three dots menu. Post-merging, the grid focuses on the merged result, which now becomes a manual entry, consolidating all underlying cargoes. This feature is initially available to Golden Ocean, Signal, and Demo account users, with a broader rollout planned soon.
Cargo Archiving: Users can now archive cargoes easily, either individually or in bulk. Archived cargoes are greyed-out for easy identification, and a new 'Archive Status' filter allows users to manage their view of active and archived cargoes. Archived cargoes can be restored as needed.
Cargo Validation: This feature allows users to update a cargo’s date/time to the current moment, ensuring information is up-to-date. When a cargo is validated, it's converted into a manual entry.
Enhanced User Experience: We've improved the user experience by ensuring manual entries maintain their connection with the underlying email on the right panel. A new 'unmerging' function also allows users to easily revert merges if needed. Book a call
Want to learn more?
Emissions Intelligence Kpler
Key Features:
◾Access the modeled emissions of over 24,000 vessels including CII and EEOI metrics.
◾Go beyond the vessel and understand the emissions impact at fleet, company and cargo level.
◾Analyse emission trends, filtering by port/terminal, trade route, company, and/or countries.
◾Stay ahead in a constantly changing regulatory environment.
Want to speak to us about Emissions Intelligence?
Maritime Insight Executive Meeting
What to expect: A full day program covering the topics that will shape the future of the Shipping Markets, followed by refreshments and dinner at the famous, the Royal Bachelors’ Club, founded in 1769.
Conflicts, sanctions, inflation, high interest rates, recession, transition, disruption or AI, i.e business-as-usual…
When: January 18th, 2024
Where: Gothenburg, Sweden
Attendees of the meeting can expect a rich program led by Edwin Lampert of Riviera Maritime Media and Christopher Pålsson of maritime-insight, covering key topics like global geopolitics, economic trends, and trade. Discussions will include insights on the shifting dynamics in global growth, particularly in China, India, Europe, and the U.S., with Lena Sellgren from Business Sweden providing a unique perspective on Swedish economic initiatives.
The program will also delve into the energy sector, examining changes in oil shipping demand and the potential of renewable energy in achieving Net Zero, featuring experts like Dr. Elizabeth Lindstad from SINTEF Ocean. Port performance and supply chain resilience post-pandemic will be addressed by Hassiba Benamara from the United Nations.
Further, the meeting will explore shipping performance from both shippers' and operators' perspectives, with a focus on sustainability and efficiency, and conclude with a strategic discussion on shipping and fleet development, led by Carl-Johan Hagman from NYK Group Europe Ltd.
For more information and how to register, click below:
Maritime Data has launched a Job Board!
What: This board will feature a curated selection of the latest and greatest job opportunities in the Maritime Data and Analytics sector
Why: To connect our readers with exciting career opportunities and assist our partners in finding top talent to drive their business
2 featured opportunities:
Interested in posting your job opportunity? Click the link below to get started
How we can help
A member of the team will reach out within 24 hours
Explore which of our 200+ data and analytics solutions can support you
Start receiving enquiries and meeting new clients
You might be receiving this email because we believe that the content of our newsletter may be of interest to you based on your profession. However, if we have made an incorrect assumption, we apologize for any inconvenience caused. If you do not wish to receive future publications, please follow the instructions below to unsubscribe.
Thank you for your time.
Best regards,
Rory Proud
Co-Founder