U.S. LNG Export Trends and Market Outlook for 2025

U.S. LNG exports reached 8.5 million metric tonnes (MT) in December 2024, nearing the record of 8.6 MT set in December 2023. Total...

Global Shipping Update on Cancelled Sailings and Freight Rate Trends

12% of scheduled sailings on East-West trade lanes are cancelled between December 30, 2024, and February 2, 2025. Transpacific Eastbound leads cancellations at...

Singapore Encourages Green Shipping With New Harbor Craft Incentives

This article outlines revisions to the Maritime Singapore Green Initiative (MSGI) with the introduction of the Green Craft Programme (GCP) specifically for newly built...

IMO MSC Adopts Key Safety Amendments For Alternative Fuels

The International Maritime Organization's Maritime Safety Committee (MSC) held its 109th session in London from December 2nd to 6th, 2024. This meeting, which included...

Refloat Attempt Of Grounded Ship In St. Lawrence River Delayed

The next attempt to refloat the grounded ship, in the St. Lawrence River won't happen until Sunday. To lighten the vessel and improve the...

Xu Peng Succeeds Wen Gang As Chairman of China State Shipbuilding...

Xu Peng has been appointed as the new chairman of China State Shipbuilding Corporation (CSSC), replacing his predecessor Wen Gang, reports Lloyd's List. New Chairman Xu...

Maritime Decarbonization Gains Momentum: 2024 Sees Surge In Alternative Fuel Orders

The recent surge in new ship orders, with over 600 vessels ordered in the past year, presents a significant opportunity to advance the maritime...

Global Liner Performance Recent Highlights

Sea-Intelligence’s latest Global Liner Performance (GLP) report (Issue 160) reveals key insights into schedule reliability trends for November 2024. The data encompasses 34 trade...

LNG Exports Growth Slows, Market Faces Supply Challenges

Global liquefied natural gas (LNG) exports experienced their slowest growth since 2015, increasing by just 0.4% to 414 million tons in 2024, as per...

Nagoya Port Introduces Fuel-Cell Forklifts To Advance Hydrogen-Powered Logistics

The Nagoya Port Authority has initiated a significant step toward sustainable port operations by deploying fuel-cell forklifts at container terminals. This initiative aims to...

Yangzijiang Shipbuilding Contracts TMC Compressors For Maersk’s Green Container Vessels

Yangzijiang Shipbuilding Group has entrusted TMC Compressors (TMC) to deliver energy-efficient Smart Air compressors for six dual-fuel container vessels being built for Maersk. These...

2024 In Retrospect A Year Of Low Recycling Activity

As 2024 closes, the global maritime sector braces for a more dynamic 2025, according to GMS. Despite strong charter rates across sectors, ship recycling...

Xiushandong Anchorage Hits Record 1 Million mt Bunkering Milestone in 2024

Xiushandong Anchorage in Zhoushan achieved a record annual bunkering volume of over 1 million metric tonnes in 2024. Its operational efficiency, aided by...

[Watch] IMO’s 2025 Vision: Seafarers, Security, and Sustainability

The IMO's 2025 agenda focuses on seafarers, global security, and decarbonization in the maritime sector. Secretary-General Dominguez emphasized reducing seafarer criminalization and promoting...

2024 in Shipping: Fleet Growth Meets Strategic Rerouting

The global container fleet grew by 10.6% in 2024, with Cape of Good Hope diversions mitigating overcapacity concerns. The Asia-Europe trade absorbed 59%...

Riding the Wave: MSI Projects Surge in Tanker Deliveries by 2025

Tanker contracting in 2024 is projected to reach 60.8m dwt, marking the second-highest level in history. Significant deliveries are expected from 2025 onwards,...

PTP Achieves Milestone with 12.5M TEUs Handled in 2024

Port of Tanjung Pelepas (PTP) has set a record as the first container terminal in Malaysia, handling more than 12.25 million twenty-foot equivalent units...

Turkey Hikes Shipping Pollution Fines Amid Rampant Inflation

NorthStandard shares Omur Marine’s circular on Turkiye significantly increasing its sea pollution fines compared to previous years’ rates. The pollution fines will also...

Drewry: World Container Index Climbs 3% This Week

Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Detailed assessment for Thursday, 02 January 2025 The Drewry WCI composite index...

Lessons Learned: Equipment Failure and Subsequent Damage to Vessel

Transport Malta reports equipment failure and subsequent damage to a rescue boat in Port Everglades. What happened At about 1003 (LT) on 14 April 2021, while...