Q2 2025 Shipping Market Forecast

Geopolitical tensions disrupt global shipping, affecting trade routes, freight rates, and market stability. Tankers benefit from longer distances, while bulkers see moderate gains;...

Norway Inaugurates NCL’s Bio-Methanol-Powered Containership

North Sea Container Line (NCL), in collaboration with Elkem ASA and MPC Container Ships ASA (MPCC), has launched NCL Vestland, a methanol dual-fuel...

Miki Yano Becomes NYK’s First Female Chief Engineer

Miki Yano has been promoted to chief engineer, becoming the first woman in NYK’s 140-year history to achieve this rank. Since joining NYK...

Swedish Club Launches Iceberg and Sea Ice Advisory in TELP System

The Swedish Club introduces a seasonal Iceberg Alert within its Trade Enabling Loss Prevention (TELP) system to enhance maritime safety by providing real-time...

US Shipping Fees to Disrupt LPG Trade, VLGC Flows

The $1 million USTR fee on Chinese-operated vessels could increase LPG freight rates by 25%, adding $26–$37/mt to transport costs for key Asian...

China’s Container Freight Rates See Historic Drop

CCFI falls to 1,112 as spot rates hit record lows. SCFI drops 46%, the biggest Q1 fall since 2009. Europe and Med rates...

Supramax Freight Market Sees Strong Recovery

The S8 route recovers with a sharp rate increase. Vessel shortage lifts rates as supply tightens. S11TC climbs higher nearing November levels.. The Supramax...

Beijing Blocks CK Hutchison Port Sale Over Strategic Concerns

China prevents CK Hutchison’s port deal to retain control. Losing ports weakens China’s global influence. Sale risks China’s control of key trade routes. Beijing's...

Trump’s Tariff Plan Unveiling Set for April 2

The administration is still debating between targeted reciprocal tariffs and a global tariff. Upcoming tariff deadlines have triggered a surge in ocean freight...

Norovirus Outbreak Sickens 240+ on Luxury Cruise

More than 240 people on board a luxury cruise ship have fallen ill with the highly contagious norovirus stomach bug. The US Centers...

Elkem, NCL & MPCC Launch Low-Emissions Vessel for Silicon Chain

MPC Container Ships, in partnership with North Sea Container Line AS (NCL) and Elkem ASA, celebrated the christening of NCL VESTLAND in Haugesund,...

Alfa Laval Acquires NRG Marine for Ultrasonic Anti-Fouling Tech

Alfa Laval has completed the acquisition of UK-based NRG Marine, which supplies ultrasonic anti-fouling technology for marine, oil and gas, and industrial applications, reads...

Shanghai International Port Group Sees 13% Profit Growth in 2024

Shanghai International Port Group (SIPG) showed a revenue of RMB38.12 billion for 2024, marking a 1.5% increase year-on-year, and a net profit of RMB14.95...

Marshall Islands Sets Record for QUALSHIP 21 Recognition

21 Years in QUALSHIP 21 – The RMI Registry is the only top-three registry to achieve this for 21 consecutive years. Focus on...

ReCAAP Reports Increase in Armed Robberies Against Ships in Asia, SOMS...

According to the ReCAAP Information Sharing Centre (ISC), the following armed robbery incidents against ships were reported in Asia during the week of March...

European Ports Lead in Alternative Fuel Bunkering to Achieve Net-Zero Shipping...

European ports are committed to supporting the shipping industry's goal of achieving net-zero emissions by 2050. They recognize that while initial compliance with EU...

Capesize Rates Stable at High Levels, Dry Bulk Market Faces Trade...

The Capesize spot rates have stabilized around $20,000, maintaining a historically high level for this time of year, reports Breakwave Advisors.  Strong Rally Panamax spot rates...

Korean Ship Owners Criticized for Beaching End-of-Life Vessels in South Asia

South Korean shipping companies are being criticized for continuing to send end-of-life vessels to be dismantled on the beaches of South Asia. This practice...

GLBP And Dunmura Sign LNG Supply Agreement To Boost Marine Fuel...

Galveston LNG Bunker Port LLC (GLBP) and Dunmura Ltd have signed a Sales and Purchase Agreement (SPA) for the supply of liquefied natural gas...

ABS And SIT Forge Partnership To Advance Maritime Innovation

The American Bureau of Shipping (ABS) and the Singapore Institute of Technology (SIT) have signed a Memorandum of Understanding (MOU) to drive advancements in...