Höegh Autoliners Reports Strong Q1 2025 Financial Results
Höegh Autoliners (ticker code: HAUTO) reported solid financial performance for the first quarter of 2025. Gross revenue reached USD 329 million (NOK 3,559 million),...
New IMO Fuel Intensity Target Set To Reshape Shipping Market Dynamics
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in the adoption of a...
Sixteen Acts Of Piracy And Armed Robbery Reported
The International Maritime Organization (IMO) has reported sixteen incidents of piracy and armed robbery against ships worldwide during February 2025. The incidents, reported by...
Lessons Learned: Fatality Caused by Burning Plastic on Deck
A tragic incident occurred aboard a vessel where a crew member lost their life due to the burning of plastic materials on deck, reports...
Xeneta Update: Tariffs Reshape Ocean Freight Rates
The latest market insights from Xeneta reveal significant shifts in ocean freight rates, driven by evolving trade patterns and tariff policies.
Spot rate surge from...
GMS: Uncertainty Around US Tariffs Shakes Markets
GMS reports that fluctuating U.S. tariff policies have introduced significant volatility into global markets, causing widespread uncertainty.
The uncertainty has led to a...
EIB Strengthens Climate Resilience of Greek Ports
The European Investment Bank (EIB) is providing advisory support to enhance the climate resilience of Greek ports, focusing on Volos, Alexandroupoli, and Patras.
...
CMA CGM Expands Turkish Footprint with $440M Logistics Acquisition
CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate for $440 million.
CEVA said its planned acquisition of...
Egypt Modernizes Suez Canal Fleet with New Locally Built Tugboats
Egypt's Suez Canal Authority (SCA) has introduced two domestically constructed tugboats, each with a 90-tonne bollard pull.
This marks a significant step in...
Trump Calls for Free US Ship Passage Through Suez & Panama...
Donald Trump called for free passage of American military and commercial ships through the Panama and Suez canals, claiming the US was instrumental...
HD Korea Secures 2.5 Trillion Won Container Orders
HD Korea Shipbuilding Secures 2.5 Trillion Won Orders for 22 Container Ships.
16 Ships to be Built in Ulsan, 6 in Yeongam for...
IMO Designates North-East Atlantic ECA
ECA will cover exclusive economic zones and territorial seas of several countries.
Final adoption scheduled for October 2025, with regulations in force by...
Collision Causes Oil Spill and Damage on Long Tau River
KMTC Surabaya strikes Glengyle near Ho Chi Minh City.
Glengyle’s hull ripped open, and oil spilt into the river.
No injuries reported; KMTC...
China Flags Concerns Over Ports Deal
CK Hutchison port sale sparks political tension.
Disputes emerge over Panama ports in the deal.
The sale is structured separately for Panama assets.
China's...
IMO Adopts Global Carbon Pricing for Shipping from 2028
Seafarers recognised as key to shipping’s green transition.
The EU is already advancing with the Maritime ETS and FuelEU Maritime.
First-ever global framework...
CMA CGM’s Flagging Decision Sparks Shipping Industry Interest
On April 28th, 2025, in Mumbai, France-based CMA CGM S A, the world's third-largest container shipping line, will reflag one of its container ships...
US Tariffs Expected to Reduce Global Container Throughput, Says Drewry
Maritime consultancy Drewry announced on Thursday, April 24th, 2025, that it anticipates a 1% decline in global container port volume as a direct consequence...
VLCC Rates Recover After Easter, Suezmax Gains Momentum in West Africa
This week saw a slight improvement in the Middle East Gulf (MEG) Long Range 2 (LR2) tanker market. The TC1 index for 75,000-tonne cargoes...
Shipyards Undergo Major Green Upgrades Led by Atal Solutions
The shipping industry's significant environmental impact, ranking it as the sixth-largest polluter globally, is being directly addressed by a substantial $123.7 million retrofitting project...
Port of Manzanillo Undergoes Major Expansion Amidst US Trade Policy Uncertainty
A substantial expansion project is underway at Mexico's largest seaport, the Port of Manzanillo, as Mexican authorities express confidence in positive economic growth and...
