Freighter Grounds in Cleveland, Halts River Traffic

In the early hours of June 20, 2025, a large cement-carrying freighter ran aground near the mouth of the Cuyahoga River in Cleveland, causing...

NYK Leads Japan’s First Onboard Fire Drill to Boost Car Carrier...

First onboard fire inspection held in Japan on a moored NYK car carrier with fire department participation. Focus on next-gen vehicle risks, including...

US Trade Deficit with Asia Widens Ahead of Tariff Hike

Asian Exports Surge as Firms Race Tariff Deadline. Vietnam, Taiwan, Thailand Post Record US Shipments. Trump’s Tariff Threat Fuels Front-Loading of Asian Goods. The...

Capesize Rally Fades as Vessel Supply Rises

Spot Rates Cool, Market Eyes $20,000 Floor for Capesize. Freight Futures Signal Weakness Despite Recent Surge. Panamax Strength Offers Stability to Dry Bulk...

Asian Refiners See Stable Crude Supply Despite Middle East Tensions

Oil Prices Drop as Iran Shows No Intent to Block Strait of Hormuz. China, Japan, South Korea Confident in Crude Supply Stability. Asian...

Car Carrier Sinks After Fire and Heavy Weather in North Pacific

Vessel Carrying 800 EVs Sinks; Crews Safe, Pollution Risk Monitored. Fire-Damaged Vehicle Carrier Sinks 360 Nautical Miles Off Alaska. Sinking Triggers Pollution Watch...

Ceasefire Eases Market Concerns Over Persian Gulf Disruptions

OPEC+ Set to Boost Supply as Israel-Iran Conflict Eases. Freight Rates Spike Before Ceasefire, Hit 2025 Highs. Strait of Hormuz Remains Volatile Despite...

100-Day Countdown To EU ETS Compliance Maritime Industry Faces High-Stakes Challenge

With just 100 days remaining before the September 30, 2025 deadline to surrender carbon allowances under the EU Emissions Trading System (EU ETS), the...

d’Amico Sells Two MR Tankers For $36.3M To Modernize Fleet

Tanker operator d’Amico International Shipping, through its subsidiary d’Amico Tankers, has sold two of its oldest vessels—Glenda Melody and Glenda Melissa—for a combined $36.3...

Seaspan Energy Completes First LNG Bunkering To Car Carrier At Port...

Seaspan Energy completed its first LNG ship-to-ship bunkering operation to a pure car and truck carrier (PCTC) at the Port of Long Beach. The...

Wall Street Futures Rise After Israel-Iran Ceasefire

U.S. stock index futures rose on Tuesday as President Donald Trump announced a ceasefire between Israel and Iran, calming investor nerves after the 12-day...

Safe Transport And Inspection Guidelines For Lithium-ion Cells

Lithium-ion cells are categorized as dangerous goods due to their flammable, reactive, toxic, and environmentally hazardous properties. Strict compliance with international safety codes, particularly...

WTI Crude Oil Price Drops After Israel-Iran Ceasefire Eases Supply Fears

Oil prices tumbled sharply on June 24, with WTI crude futures sinking to $66 per barrel, down nearly 3% on the day after falling...

HD Hyundai And Tampa Ship Sign Strategic Shipbuilding Pact

In a move to revitalize the U.S. shipbuilding industry and strengthen maritime security, HD Hyundai has entered into a strategic Memorandum of Understanding (MoU)...

MOL Joins Smart Port Challenge 2025 As Innovation Partner To Drive...

Mitsui O.S.K. Lines, Ltd. (MOL) announced that its Singapore Sub-Headquarters, MOL (Asia Oceania) Pte. Ltd. (MOLAO), will participate for the first time as an...

Lessons Learned: Inadequate Bridge Staffing and Poor Maneuvering Lead to Grounding...

This incident is based on findings from the National Transportation Safety Board (NTSB). It concerns the grounding of a bulk carrier while navigating outbound...

Commercial Shipping Navigates “Digital Fog” in Hormuz Amid Escalating US-Iran Conflict

As of June 24, 2025, the Strait of Hormuz has not been physically closed or rendered impassable by Iran. Commercial shipping traffic continues to...

Japan’s Government Leads Effort to Reclaim Global Shipbuilding Leadership

Japan's shipbuilding industry, once a global leader, is facing a significant contraction, as evidenced by the sharp decline in its output and the reduction...

Hormuz in the Crosshairs: New US-Iran Escalation Threatens World’s Critical Oil...

The Strait of Hormuz, that 30-mile-wide choke point between Iran and Oman, is unequivocally the world's most critical oil artery. With approximately 20 million...

Tanker Rates Surge Amid Mideast Tensions and New EU Sanctions

While the world's attention is understandably glued to the escalating conflict between Israel and Iran and its immediate impact on energy shipping via the...