LATEST ARTICLES

TGE Marine and RMK Marine Collaborate on First LNG Bunker Vessel Construction

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TGE Marine is working with RMK Marine to build the ‘Celsius,’ a 7800 m³ LNG bunker vessel, marking TGE Marine's first vessel project in Turkey. The vessel will feature TGE Marine’s advanced Type...
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DP World Achieves 65% Renewable Energy Usage Across Operations

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DP World sourced 65% of its electricity from renewable sources in 2024, reflecting a major step in its decarbonisation strategy. The company invested $1.17 billion in green infrastructure and issued a $100 million...
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Mitsubishi Launches First Large Ferry ‘KEYAKI’ for Shinnihonkai

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Mitsubishi Shipbuilding has launched KEYAKI, Japan’s first ferry featuring a buttock-flow stern hull with a ducktail, enabling a 5% energy saving. The vessel will operate between Otaru and Maizuru starting December 2025, supporting...
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Liner Shipping’s Massive Economic Impact on the U.S. Revealed in New S&P Global Report

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Liner shipping supports 6.4 million U.S. jobs and contributes over $1.1 trillion to the national GDP. It handles 64.4% of U.S. seaborne trade by value, transporting nearly $1.5 trillion in goods annually. The...
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Maersk Keeps Trans-Pacific Routes Amid Trade Uncertainty

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Maersk has maintained all its trans-Pacific sailings despite trade war disruptions, using smaller vessels to match shifting demand. Hapag-Lloyd reports a 30% drop in China-to-U.S. shipments due to customer cancellations amid tariff uncertainty. ...
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Capesize Spot Rates Rebound Amid Seasonal Tailwinds, China Stimulus Hopes, And Structural Market Tightness

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After a steep decline from recent highs, Capesize spot freight rates are rebounding, driven by seasonal strength, tightening iron ore inventories, and expectations of economic stimulus in China. Despite underwhelming Q1 cargo volumes, long-term...
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ReCAAP ISC Reports Two Armed Robbery Incidents In The Singapore Strait

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Over the past week, two incidents of armed robbery against ships were reported to the ReCAAP ISC in the Singapore Strait, specifically off Pulau Cula, Indonesia. Both incidents occurred while bulk carriers were underway,...
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​Tankers Queue at La Salina Port Ahead of U.S. License Expiry

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As the U.S. license expiration deadline approaches on May 27, 2025, oil tankers are queuing at Venezuela’s aging La Salina terminal in the western region to load crude and depart before sanctions tighten, reports...
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US Sanctions Target Deliveries of Oil and Gas to Houthis

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against three vessels and their owners for delivering petroleum products to Houthi-controlled ports after the expiration of a...
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Trump to Soften Blow of Automotive Tariffs

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Trump administration touts deal to aid US auto manufacturers. Duties to be cut on foreign parts, but not those from China. Auto makers would receive credits for the value of vehicles assembled in...
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