LATEST ARTICLES

China’s Container Freight Rates See Historic Drop

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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

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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

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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

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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

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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

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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

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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

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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

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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 Incidents Surge

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