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...
Ulsan Port Sets Sights on Becoming Northeast Asia’s Leading Biofuel Supply...
In a significant move aimed at advancing the decarbonization of maritime logistics, Jae-young Byeon, President of the Ulsan Port Authority (UPA), and Sun-bae Hong,...
Fourth Enclosed Space Entry Joint Workshop Held
The Fourth Enclosed Space Entry Workshop in March 2025 focused on reducing fatalities in enclosed space incidents.
It highlighted the need for more...
Med and Red Sea ECA Compliance Guide
New emission and discharge rules will apply to the Mediterranean, Red Sea, and Gulf of Aden in 2025.
Mediterranean SOx ECA takes effect...
Atlantic LNG Rates Surge While Pacific Market Stalls, LPG Stabilizes After...
The LNG market saw a strong recovery in the Atlantic basin, while Pacific rates remained mixed, with larger vessels facing continued pressure.
Atlantic...