Coast Guard Rescues Four Crew Members After Fire On Vessel
A fire broke out in the engine room of a vessel, causing it to lose power and drift. According to Marine Traffic, the crew...
Dry Bulk Market Softens After Christmas, Freight Rates Remain Low
The dry bulk market remains challenging after the Christmas break. While the sharp declines of the previous month have moderated, freight rates are currently...
LNG Bunkering Market In Asia Pacific Poised For Significant Growth
The Asia Pacific LNG Bunkering Market is experiencing significant growth, driven by the increasing demand for cleaner marine fuels. With stricter environmental regulations, the...
HMPV Outbreak in China Not a Concern for the US
Human metapneumovirus (HMPV) activity is currently high in China, but the U.S. Centers for Disease Control and Prevention (CDC) has stated that there...
ClarkSea Index 2024 Shipping Market Review
Averaged $24,964/day in 2024, up 6% y-o-y and 30% above the ten-year trend.
Container freight rates rose by 149%, bulk carriers (Capesize) earnings...
Mawani Adds Milaha Service to Dammam
Saudi Ports Authority (Mawani) introduces Milaha’s "MIX 2" shipping service at King Abdulaziz Port in Dammam.
The service connects Dammam with Umm Qasr...
New Barge Fleet Enhances Bunkering at Canadian Port
Wolverine Terminals has introduced a marine bunkering service at Prince Rupert, enhancing the port’s logistical capabilities.
The service utilizes two custom-designed barges by...
Slow Progress on Panama Canal’s Fourth Bridge
The fourth bridge over the Panama Canal is 17%-18% complete, with completion targeted for August 2028.
A turnover of $20-$25 million is expected...
Egypt To Receive $1.2 Billion IMF Disbursement In January 2025
Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) this month, as part of an $8 billion Extended...
Antong Holdings And SIPG Strengthen Strategic Cooperation
Antong Holdings Co., Ltd. and Shanghai International Port (Group) Co., Ltd. (SIPG) have formalized a strategic cooperation agreement in Shanghai, marking a new milestone...
ASRY And AMPTC Forge Partnership For Tanker Maintenance And Docking Services
The Arab Shipbuilding and Repair Yard Company (ASRY) has signed a strategic agreement with the Arab Maritime Petroleum Transport Company (AMPTC) to provide docking...
RAK Ports Achieves Compliance With UK’s Port Marine Safety Code
RAK Ports, a network of five ports located in the Emirate of Ras Al Khaimah, UAE, has become the first port group in the...
Goltens Hosts Keel-Laying Ceremony For Captain Arctic, A Groundbreaking Polar Expedition...
UAE-based engineering company Goltens hosted the keel-laying ceremony for the Captain Arctic, a cutting-edge polar expedition vessel commissioned by French ship operator Selar. The...
Top Spot Charterers of 2024: Key Market Shifts and Emerging Players
Unipec retained the top spot in the 2024 rankings, demonstrating its continued leadership in the market.
Polish charterer PKN Orlen made an impressive...
China’s Yangtze River Shipping Data Center: A Digital Revolution
China officially launched the Yangtze River shipping data center.
The data center integrates extensive records of vessels, crew, ports, and more, supporting digital...
FuelEU Maritime Regulation: Shipping’s Decarbonization Journey Begins
The EU's new FuelEU Maritime regulation, effective Jan. 1, 2024, mandates emission reductions for ships over 5,000 gross tonnage at EU ports, increasing...
Tanker Deliveries Surge: 2026 Forecast Revised Up by 77%
Tanker newbuilding (NB) deliveries are expected to surge significantly over the next few years, with 2026 and 2027 delivery estimates exceeding last year’s...
HMPV in Singapore: Seasonal Surge or Alarming Trend?
Singapore's rise in human metapneumovirus (HMPV) cases is part of a seasonal respiratory virus trend.
The Ministry of Health (MOH) links the increase...
China’s Shandong Ports Ban US-sanctioned Tankers
Ships cannot dock, unload or receive shipping services
Ban on ports including Qingdao, Rizhao and Yantai
May slow imports, push up costs for...
Freight Rates Drop as Shippers Slash $800 to Secure Cargo
SCFI Increase: The Shanghai Container Freight Index (SCFI) rose for the sixth consecutive week, reaching 2505.17 points, driven by U.S. market trends.
U.S....
