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...
Miki Yano Becomes NYK’s First Female Chief Engineer
Miki Yano has been promoted to chief engineer, becoming the first woman in NYK’s 140-year history to achieve this rank.
Since joining NYK...
Swedish Club Launches Iceberg and Sea Ice Advisory in TELP System
The Swedish Club introduces a seasonal Iceberg Alert within its Trade Enabling Loss Prevention (TELP) system to enhance maritime safety by providing real-time...
US Shipping Fees to Disrupt LPG Trade, VLGC Flows
The $1 million USTR fee on Chinese-operated vessels could increase LPG freight rates by 25%, adding $26–$37/mt to transport costs for key Asian...
China’s Container Freight Rates See Historic Drop
CCFI falls to 1,112 as spot rates hit record lows.
SCFI drops 46%, the biggest Q1 fall since 2009.
Europe and Med rates...
Supramax Freight Market Sees Strong Recovery
The S8 route recovers with a sharp rate increase.
Vessel shortage lifts rates as supply tightens.
S11TC climbs higher nearing November levels..
The Supramax...
Beijing Blocks CK Hutchison Port Sale Over Strategic Concerns
China prevents CK Hutchison’s port deal to retain control.
Losing ports weakens China’s global influence.
Sale risks China’s control of key trade routes.
Beijing's...
Trump’s Tariff Plan Unveiling Set for April 2
The administration is still debating between targeted reciprocal tariffs and a global tariff.
Upcoming tariff deadlines have triggered a surge in ocean freight...
Norovirus Outbreak Sickens 240+ on Luxury Cruise
More than 240 people on board a luxury cruise ship have fallen ill with the highly contagious norovirus stomach bug.
The US Centers...
Elkem, NCL & MPCC Launch Low-Emissions Vessel for Silicon Chain
MPC Container Ships, in partnership with North Sea Container Line AS (NCL) and Elkem ASA, celebrated the christening of NCL VESTLAND in Haugesund,...
Alfa Laval Acquires NRG Marine for Ultrasonic Anti-Fouling Tech
Alfa Laval has completed the acquisition of UK-based NRG Marine, which supplies ultrasonic anti-fouling technology for marine, oil and gas, and industrial applications, reads...
Shanghai International Port Group Sees 13% Profit Growth in 2024
Shanghai International Port Group (SIPG) showed a revenue of RMB38.12 billion for 2024, marking a 1.5% increase year-on-year, and a net profit of RMB14.95...
Marshall Islands Sets Record for QUALSHIP 21 Recognition
21 Years in QUALSHIP 21 – The RMI Registry is the only top-three registry to achieve this for 21 consecutive years.
Focus on...
ReCAAP Reports Increase in Armed Robberies Against Ships in Asia, SOMS...
According to the ReCAAP Information Sharing Centre (ISC), the following armed robbery incidents against ships were reported in Asia during the week of March...