Ocean Yield Expands LNG Fleet with New Investment

Ocean Yield has announced the acquisition of CapeOmega Gas Transportation AS, securing ownership in ten modern LNG carriers. The deal was made in partnership...

US Container Rates Drop as Tanker Routes Show Mixed Momentum

Flexport says the August deployment is steady at 80% with healthy space. Drewry reports small declines, expects less volatility post-tariff rush. USG–ARA activity...

Iraq Expands Oil Exports as U.S. Tariff Pressure Mounts on India

Iraq holds 19% share in the Gulf crude supply. Basrah port handles 97.5% of Iraqi exports. Iraq targets 6 million bpd by 2029. The...

LNG Spot Rates Rise as LPG Market Holds Firm

US Gulf Routes Record Firm Gains, Especially Long-Haul to Japan. Time Charter Market Eases Despite Spot Market Support. LPG Market Stays Firm Amid...

US Imports Hit by Trade Whiplash Boom-Bust Cycle

Early 2025 Imports Surge as Cargo Front-Loading Drives Artificial Boom. Sharp Declines Follow, With Volumes Falling Below Pre-Pandemic Trends. Volatility Highlights Risks of...

USTR Actions Spark Ship Management Concerns

BIMCO Issues Time Charter Clause, Rules Out SHIPMAN Clause. COFR Registration and Form 1300 at the Core of Proposed Actions. Chinese-Linked ISM Managers...

NCFI Weekly Update: Freight Rates Ease on Europe and Mediterranean Routes

Europe-bound rates slipped by 5.49%, bringing the index to 1,188.69 points. West Mediterranean services recorded a 3.76% decline, reaching 1,278.60 points. East Mediterranean...

Wan Hai Finalizes 13,100 TEU Series, Expands Green Ship Orders Through...

Wan Hai Lines has completed its 13,100 TEU containership series, with the final vessel, WAN HAI A20, now delivered. The newbuilds feature fuel-saving...

Backhaul Boom: Container Rates Shift Gears in Week 33

The Baltic headline FBX index has remained mostly unchanged over the past week, at 2,137 compared to 2,135. Some backhaul routes saw quite significant increases...

GSI Launches Next-Gen 8,600 CEU Green Car Carrier for H-LINE

Guangzhou Shipyard International (GSI), in partnership with China Shipbuilding Trading Co., Ltd. (CSTC), has officially delivered its second 8,600 CEU dual-fuel pure car and...

Oil Tanker Breakdown Temporarily Halts Bosphorus Traffic

Strait traffic halted in both directions. Tenacity Venture is carrying 90,730 tons of crude oil. Tugboats escort the vessel to Büyükdere anchorage. On August...

Singapore Port Hits 18-Month Fuel Sales High

Container throughput hits 3.87 million TEU, the highest in 2025 Bunkering vessel calls up 7.3% from June Bunker fuel sales reach 18-month high...

Self-Heating and Fire Incident During Unloading of Indonesian Cargo

A bulk carrier loaded with Indonesian coal experienced self-heating and fire in two cargo holds during discharge operations at an Asian port. The incident...

Diana Shipping Inc. Finalizes Time Charter Agreement for m/v Polymnia with...

Diana Shipping Inc. has entered a time charter contract with Oldendorff Carriers for the Post-Panamax vessel m/v Polymnia, commencing August 17, 2025. The...

The IMO’s 2050 Climate Framework and Its Implications for the Shipping...

The IMO’s climate framework targets net-zero emissions from international shipping by 2050, with binding GHG limits for vessels over 5,000 gross tonnage. Proposed...

Container Shipping Faces 7% Cancellation Rate Across Key Trades

7% of 724 scheduled East–West sailings between mid-August and late September are expected to be cancelled. Transpacific eastbound services account for nearly half...

Cargo Ship Captain Arrested After Yacht Collision in Japan

A gravel-carrying cargo vessel collided with a yacht in Tsukumi Bay, Japan, on August 13, 2025. A large-scale search involving six patrol boats...

Valenciaport Traffic Up 4.28% in First Seven Months

July 2025 container traffic at Valenciaport up 6.88% year-on-year to 492,874 TEUs, with January–July volumes up 4.28%. Full exports (+3.53%) and imports (+17.52%)...

Wasaline Becomes Baltic Sea’s First Carbon-Neutral Shipping Line

Wasaline becomes the first fully carbon-neutral shipping company in the Baltic Sea through a Gasum biogas supply deal and integration into Stena Line’s...

US Coast Guard Issues New Risk-Based Guidelines for LNG and Alternative...

New USCG Policy Letter No. 01-25 establishes a unified risk assessment framework for bunkering LNG and alternative marine fuels in U.S. waters. Fuel...