Mærsk Center Achieves AIP for Methanol Retrofit on Kamsarmax Bulk Carriers
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has announced an Approval in Principle (AiP) for retrofitting conventionally fueled Kamsarmax bulk carriers to...
Mooring Line Failures Plague Veracruz Port Amidst Expansion and Bad Weather
Gard has reported five mooring line failures at the port of Veracruz within the past six months. According to local correspondent Pinedo Abogados, these...
Sustainable Maritime Transport Outlook Presented In Rome
Eni, Fincantieri, and RINA, with support from Bain & Company Italy, unveiled a landmark study in the presence of Italy’s Minister for the Environment...
HD KSOE Secures $176 Million Suezmax Tanker Deal With Sonangol
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), part of HD Hyundai Group, has signed a contract with Angola’s state-run oil company Sonangol to...
“K” Line CEO Igarashi Outlines Vision Amid Global Challenges
Takenori Igarashi, newly appointed President & CEO of "K" Line, addressed employees at the company's Tokyo headquarters, outlining his strategic vision against the backdrop...
IMO Adds Standardised Emissions Reporting Fields To Facilitate Greener Shipping
The International Maritime Organization (IMO) has expanded its Compendium on Facilitation and Electronic Business following the 49th meeting of its Facilitation Committee (FAL 49),...
IMO–ITLOS Joint Workshop Highlights Legal Pathways For Maritime Climate Action
The International Maritime Organization (IMO) and the International Tribunal for the Law of the Sea (ITLOS) held a joint workshop on March 28 at...
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...
