U.S. Ends Duty-Free Entry of Cheap Chinese Goods in Retaliatory Trade...
Order targets packages under $800 from China and Hong Kong
Order effective May 2
Carriers must report shipment details to U.S. Customs and...
Stena Unveils RoRo Concept Design
Stena Line has unveiled a new concept roro vessel design. Dubbed the Stena Futuro, the vessel’s designers claim the ship can slash energy usage...
Drewry: World Container Index Climbs 2% This Week
Drewry’s World Container Index increased 2% to $2,208 per 40ft container this week.
Detailed assessment for Thursday, 03 April 2025
The Drewry WCI composite index...
NYK, Partners to Develop Renewable Energy-Powered Floating Data Center
NYK and its partners have signed a memorandum of understanding (MoU) to develop an offshore floating data center powered by 100% renewable energy.
...
Caterpillar Marine and SAAM Towage Partner for Sustainable Tug Power
The MOU focuses on electrification and alternative fuels like methanol and ethanol.
SAAM Towage operates in 90 ports and continues investing in cleaner...
Ban on PFOS in Firefighting Media Aboard Vessels from 2026
PFOS is a toxic chemical linked to environmental and health risks.
The Stockholm Convention has pushed for PFOS elimination since 2009.
Ships must...
Panama Strengthens Ship Registry Oversight with New Regulations
Panama prioritizes younger, cleaner vessels while removing non-compliant ships.
Authorities implement strict measures to prevent the misuse of vessel registration.
Immediate deregistration of...
Top 10 Singapore Flagged Vessel Owners, Operators, and Beneficial Owners
Ocean Network Express operates the largest fleet with 236 vessels.
Vessel values have surged due to rerouting around the Cape of Good Hope.
...
China’s Tariff-Dodging Move to Mexico Looks Doomed
Chinese manufacturers have leveraged Mexico to bypass U.S. tariffs under the USMCA trade deal.
Trump’s administration is now targeting these supply chain loopholes...
New US Tariffs on China Trigger Yuan Weakening and Potential Retaliation
Reports indicate that a 34% tariff increase on a wide range of Chinese products was recently announced. Economists have stated that these new tariffs,...
US Tariffs Projected to Cost American Households $5,000 Annually, Economist Warns
According to an economist interviewed by CNN, the recently announced US tariffs, revealed on "Liberation Day," are projected to impose a $5,000 annual cost...
Tanker Market Update: Rates Under Pressure, Negotiation Concerns, and Oil Trader...
The shipping industry is seeing a trend where ship owners may be underutilizing their potential to increase freight rates. This could be due to...
Capesize Rates Rise, Panamax Market Uncertain, Supramax Mixed
In the Western Australia region, there's a notable level of inquiries for cargo shipments scheduled for mid-April. Additionally, some operators are already seeking vessels...
Bulk Carrier Orders Hit Historic Low, Tanker Sector Sees Decline
The first quarter of 2025 has set a historic low for newbuilding orders in the bulk carrier segment, measured in deadweight tonnage (dwt). With...
Innovative DC Electric System And Hybrid Propulsion Enhance Offshore Vessel Efficiency
One of the standout features of Kongsberg Maritime’s latest maritime innovation is its DC electric system, which offers significant advantages over traditional AC systems....
Taiwan Imposes Stricter Ship Entry Rules For China-Linked Vessels Amid Rising...
This report outlines Taiwan's newly implemented procedural restrictions on ship arrivals and departures associated with China, effective March 31. The measures, introduced amid recent...
AD Ports Group Reports Record Revenue And Profit Growth In 2024
AD Ports Group (ADPORTS:ADX), a global leader in trade, transport, logistics, and industry, reported record-breaking revenue and profit growth in its 2024 Annual Report....
Japan’s First Hydrogen-Powered Tugboat Launched To Advance Maritime Decarbonization
TSUNEISHI SHIPBUILDING has successfully launched Japan’s first tugboat equipped with a hydrogen-powered internal combustion engine (ICE) on March 28, 2025, at the TSUNEISHI Factory....
Q2 2025 Shipping Market Forecast
Geopolitical tensions disrupt global shipping, affecting trade routes, freight rates, and market stability.
Tankers benefit from longer distances, while bulkers see moderate gains;...
Norway Inaugurates NCL’s Bio-Methanol-Powered Containership
North Sea Container Line (NCL), in collaboration with Elkem ASA and MPC Container Ships ASA (MPCC), has launched NCL Vestland, a methanol dual-fuel...
