Tanker Market Faces Downward Pressure Despite IMO’s Net Zero Framework

Without a doubt, the most impactful outcome of the IMO's Marine Environment Protection Committee (MEPC 83) meeting was the creation of the IMO Net...

Temporary US-China Tariff Reduction Likely to Cause Short-Term Freight Rate Increase

Regardless of political debates about winners and losers or the quality of the agreement, the crucial outcome is the anticipated smoother flow of goods...

Shipping Sector Welcomes Tariff Easing, Eyes 30% Levy Uncertainty

The US and China have agreed to temporarily reduce tariffs, prompting optimism in the container shipping industry. Shipping firms, port operators, and retailers...

Maersk Hails US-China Tariff Pause as Positive for Customers

On Monday, May 12th, 2025, Danish shipping giant Maersk (MAERSKb.CO) acknowledged the agreement between China and the United States to implement a 90-day pause...

Shipping Stocks Jump After Unexpected US-China Tariff Reduction Announcement

Shipping stocks experienced a significant boost early on Monday, May 12th, 2025, following the announcement that the United States and China had agreed to...

Cavotec Secures €8.1 Million Shore Power Systems Contract for Newbuild Container...

Cavotec has secured a €8.1 million contract to supply complete shore power systems for newly built container vessels. The systems, including cable management...

ClassNK Issues New Guidelines to Ensure Safe Operation of Ammonia-Fueled Vessels

ClassNK has released safety guidelines to support the safe and secure operation of ammonia-fueled vessels. The guidance prioritizes seafarer safety, detailing precautions, emergency...

Navigating the Complex Web of Global Ship Sulphur Emission Regulations

The global limit for the sulphur content in marine fuel, set at 0.50% by mass (m/m), became effective on January 1, 2020, under the...

Red Sea Grounding Incident Highlights Rising GPS Spoofing Threat

A vessel recently grounded near Jeddah, likely due to GPS spoofing, spotlighting cyber threats in maritime navigation. Experts report a dramatic increase in...

HKSOA Hosts ICS Leaders for Shipping Dialogue on Decarbonization and Geopolitics

On Monday, May 12th, 2025, the Hong Kong Shipowners Association (HKSOA) hosted a Shipping Dialogue in Hong Kong. The event featured Guy Platten, the...

China Tariff Relief Triggers Shipping Surge, Reverses Price Drop

A 90-day tariff reprieve between the US and China has prompted companies to restart paused manufacturing and shipping operations, despite tight timelines and...

Small Craft Collides With Merchant Vessel Off UAE Coast

UAE Maritime authorities received a report of a collision involving a small craft and a merchant vessel approximately 80 nautical miles northwest of Jebel...

Berg Propulsion And Jiangsu Dajin Extend Strategic Partnership After ‘Supplier Of...

Berg Propulsion has formalized an extended collaboration agreement with China’s Jiangsu Dajin Industry Co. Ltd, marking a new chapter in a relationship that has...

Piraeus Container Terminal To Offer Biofuel Bunkering Services

Piraeus Container Terminal (PCT), a key overseas asset of Cosco Shipping Ports, will now provide biofuel bunkering services in response to increasing demand for...

USCMI Opens Working Group Participation To U.S. Maritime Stakeholders

The American Bureau of Shipping (ABS), as the secretariat for the U.S. Center for Maritime Innovation (USCMI), has unveiled a pathway for U.S. maritime...

USTR Proposal Will Make Chinese Shipping Companies Redundant for US Cargo

New Policy Alters Fee Structure and Fleet Exposure. Cooling-Off Period Allows Fleet and Trade Adjustments. Panamax Vessels Face High Exposure and Cost Impact. The...

Norden Completes First Biofuel Voyage Out of the US

Biofuel Blend Used on Voyage to Réunion. Norden Expands Biofuel Supply Chain Capabilities. Strategic Investments in Biofuels and Decarbonisation. Danish shipping operator Norden has...

Crude vs. Product Tanker Stocks: Decoding Divergence in Performance

Divergence occurs Between Crude and Product Tanker Markets. Increased Product Tanker Deliveries Weaken Freight Rates. Slowing CPP Demand Adds Pressure on Spot Rates. Though...

LNG Steady in Pacific, LPG Rebounds on Middle East Demand

Atlantic LNG routes see sharp rate declines. Time charter rates climb amid strong charterer interest. LPG rebounds with strong gains on the Middle...

FSMC Includes Five Aggressive Forest Pests

High-risk regions include Korea, Northern China, the Russian Far East, and Japan. Some countries require FSMC inspection and certification before departure. 5 actionable...