Container Spot Rates Rise After Mid-October Surge

Far East to US West Coast Rate Jumps 33% Since Early October. Transpacific Spot Rates Stabilise After Mid-October Spike. Europe-Bound Fronthauls Rise but...

Supertanker Rates Surge After US Sanctions on Russian Oil Firms

Middle East-to-China Route Hits Highest Levels Since Early 2023. Sanctions on Rosneft and Lukoil Spur Market Reactions. Indian and Chinese Refiners Seek Alternatives...

Aging Tankers and Sanctioned Ships Crowd Russia’s Arctic Route

Non-Ice-Class Ships Granted Passage Under Rosatom’s Control. Over 1,300 Permits Issued in 2024, Including to Sanctioned Tankers. Western-Owned LNG Ships Continue Operating in...

Chinese Tanker Linked to Sanctioned Russian LNG Transfer

Satellite Images Show Possible Ship-to-Ship Fuel Exchange Off Malaysia. Pacific Gas Denies Ownership, Cites Compliance with Sanctions. Transfer Raises Questions Over China’s Role...

Indian Navy Leads Humanitarian Effort Following Tanker Fire

The Indian Navy led a major firefighting and rescue operation after an explosion and fire onboard an LPG carrier in the Gulf of...

HD Hyundai Shipbuilders Secure Approval for December Merger

Shareholders of HD Hyundai Heavy Industries and HD Hyundai Mipo approved their merger, clearing the way for a December 1 launch. The merger...

Ningbo Containerised Freight Index Rises Amid Stronger Middle East Demand

Freight rates out of Ningbo recorded moderate gains this week, led by robust demand on Middle East routes, according to the latest Ningbo Containerised...

Sea Legend Completes First Journey via Northern Sea Route

Sea Legend has successfully completed its first voyage from China to Northern Europe via the Northern Sea Route (NSR), reports Container News. The 4,900 TEU...

MIT Sets New Safety Standard for Nuclear-Powered Ships with Groundbreaking Handbook

The MIT Maritime Consortium has introduced the Nuclear Ship Safety Handbook to guide the safe design and operation of future nuclear-powered commercial vessels. ...

WAKASHIO MARU Set to Advance Marine Training and Disaster Response Capabilities

Mitsubishi Shipbuilding launched WAKASHIO MARU, a new training ship for the National Institute of Technology, Toyama College. The vessel will provide hands-on training...

Global Shipping Giants Rush to Reflag Vessels Under the Indian Flag

Major international shipping lines, including Maersk, CMA CGM, and MSC, are increasingly re-registering vessels under the Indian flag, reflecting confidence in India’s maritime...

HD Hyundai Mipo Pioneers Cost-Efficient Liquefied CO₂ Charging Under Sandbox Framework

HD Hyundai Mipo gained regulatory approval to use tank lorries for charging liquefied CO₂ directly into vessels, improving cost and efficiency. The approval,...

Chinese State Buyers Step Back From Russian Oil on Sanctions

Chinese state-owned oil majors, including Sinopec, have halted some purchases of Russian seaborne crude following new U.S. sanctions on Rosneft and Lukoil. The...

Chemical Fire on Grain Vessel at Port Taranaki Prompts Emergency Response

A chemical fire occurred on a visiting grain vessel at Port Taranaki in New Zealand, prompting a swift emergency response early Thursday morning. Cause and...

Cartels and U.S. Entities Exposed in $20 Billion Maritime Fuel Smuggling...

Sophisticated fuel smuggling operation into Mexico has been delved into, revealing how cartels utilize maritime tankers and corrupt practices to import vast quantities of...

VLCC and Suezmax Rates Soar as Tanker Asset Values Remain Historically...

An overview of the current crude and product tanker markets shows sustained high asset values and strong earnings, supported by limited vessel supply and...

Bunker Market Update: Indices Fall as Scrubber Spread Narrows Further

This week's analysis by MABUX covers the continued moderate downward trend in global bunker fuel indices, the narrowing of the scrubber spread, and key...

Container Ship Recycling Overhang Tops 500 Vessels, Totalling 1.8 Million TEU

The container ship recycling overhang, a result of low scrapping activity since 2021, is estimated to be at least 500 ships with a capacity...

Software Innovation Meets Maritime Expertise in Houston Gathering

The recent user summit held by the ABS-affiliated software company showcased its commitment to digital innovation and customer collaboration in the maritime sector. The...

VMA’s 105th Maritime Banquet Highlights Leadership, Service, and Community Impact

The Virginia Maritime Association announced the gathering of over 800 maritime professionals, industry partners and honoured guests at its 105th Annual Maritime Banquet held...