Wärtsilä’s Fit4Power Retrofit Sets New Standards in Fuel Efficiency and Emission...

Wärtsilä’s Fit4Power solution will upgrade the ONE Maestro to improve engine efficiency and reduce fuel consumption by about 13%. The retrofit includes new...

Drewry: Transpacific Rates Surge Amid Reduced Cancellations

Severe port congestion persists across Europe, Asia, and the U.S., disrupting vessel schedules and inland logistics. Shippers are frontloading on the China–U.S. trade...

ASBI Shipping FZCO Launches To Expand Mid-Size LPG Tanker Fleet in...

Al Seer Marine and B International Shipping & Logistics have joined forces to create ASBI Shipping FZCO, a new joint venture focused on owning...

Lloyd’s Register And China Cruises Forge Strategic Partnership For Cruise Industry...

Lloyd’s Register (LR), a global leader in classification services for cruise ships, has entered into a strategic cooperation agreement with China Cruises. Building on...

DNV and Indonesian University Partner to Advance Maritime Innovation

DNV and Institut Teknologi Sepuluh Nopember (ITS) formalized their long-term partnership on 3 June to boost education, research, and innovation in maritime and...

Norway Joins Global Maritime Network with Launch of Propeller Club

The International Propeller Club has officially launched its Norwegian branch to connect maritime professionals and enhance Norway’s role in the global shipping industry. ...

Cruise Ships at Amsterdam Now Plug into Clean Shore Power Ahead...

Passenger Terminal Amsterdam (PTA) now offers shore power for cruise ships, allowing them to shut down onboard generators while docked. This reduces emissions...

AD Ports, Masdar, Advario & CMA CGM to Explore E-Methanol Bunkering...

Partners agree to explore development of e-methanol bunkering facilities in Khalifa Port and KEZAD Agreement supports decarbonisation of global shipping Strengthens UAE-France business...

Freight Rates Surge as Shipping Feels ‘Whipsaw’ Event with Tariff Changes

Freight rates jump sharply due to sudden shifts in U.S. tariff policy. A wave of shipping orders followed the pause in tariffs, overwhelming...

BIMCO to Introduce Biofuel Clause for Time Charter Parties

New BIMCO Subcommittee Tackles Biofuel Challenges in Shipping. Biofuel Clause Aims to Clarify Charter Party Obligations. BIMCO Drafting Contractual Framework for Biofuel Use. BIMCO...

Union Maritime to Launch First WindWings®-Equipped Newbuild Tanker

Brands Hatch to Cut CO₂ Emissions by 3,800 Tonnes Annually. Union Maritime Builds World’s Largest Wind-Assisted Fleet. WindWings® Provide 30% Efficiency Boost Over...

PSA International Joins GCMD as Strategic Partner to Drive Maritime Decarbonisation

PSA International and the Global Centre for Maritime Decarbonisation (GCMD) have signed a five-year strategic partnership to accelerate decarbonisation across global port ecosystems. ...

Panama Canal Disruption Charges – Reminder

Ships transiting the Panama Canal are subject to “Disruption Charges” ranging from USD 15,000 to USD 250,000, based on the severity and timing...

397,000 TEU Capacity Added on Asia–North America West Coast Trade Lane

A surge in transpacific shipping capacity is underway following the pause in the US–China trade war, with Asia–North America West Coast (NAWC) capacity...

South Africa Starts Design Phase for State Shipping Line

South Africa has launched its first initiative since 1999 to establish a national shipping company, SASCO, aiming to reduce reliance on foreign carriers...

Russia Projects 50% Surge in Foreign Voyages via Northern Sea Route...

Russia anticipates a 50% year-on-year increase in foreign vessel traffic through the Northern Sea Route (NSR) in 2025, positioning it as an alternative...

US Tariff Threats and China Sanctions Create “Strategic Uncertainty” for Shipowners

The sentiment regarding new ship orders is indeed quite subdued in the first half of 2025, with expectations for this weak trend to persist...

Despite Increased Traffic, Red Sea Remains Below Normal as Aspides Seeks...

Rear Admiral Vasileios Gryparis, the commander of the EU's Aspides naval mission, has reported a notable increase in Red Sea marine traffic since August...

Middle East Exports Crucial for VLCCs as OPEC+ Overproduction and Export...

Recent data indicates persistent challenges within OPEC+ regarding quota compliance and shifts in crude export patterns, with significant implications for the VLCC tanker market. OPEC+...

Global Bunker Indices Show Upward Trend, While Scrubber Spread Remains Below...

At the close of Week 23 (May 27 - June 2, 2025), the global bunker indices published by MABUX demonstrated moderate gains across all...