Weather Disrupts February Cargo at Port Houston, Recovery Underway in March
Severe fog halted vessel navigation for 14 days, cutting channel availability by 29%.
Containerized cargo dropped 13%, with imports down 14% and exports...
MBF and ZESTAs Partner to Drive Zero-Emission Shipping Forward
MBF and ZESTAs signed an MOU to promote zero-emission shipping, board Hydromover, Singapore’s first electric cargo vessel.
The partnership focuses on battery-powered solutions,...
Wärtsilä Extends Support for Viking Line’s Newest Ferry
Wärtsilä extended its five-year Lifecycle Agreement with Viking Line for M/S Viking Glory, covering dual-fuel engines, LNG systems, and predictive maintenance.
The agreement...
ME-GI Engine Nears 1,000 Orders
MAN’s ME-GI dual-fuel engine nears 1,000 orders, leading in container shipping and tankers.
MSC operates 125+ ME-GI engines, driving dual-fuel fleet expansion.
High...
OECD Calls for Stronger Cooperation to Sustain Ocean Economy
The ocean economy doubled from USD 1.3 trillion in 1995 to USD 2.6 trillion in 2020, but without policy action, climate change and...
Two Vessels Collide Near Ningbo; 1 Dead, 3 Injured
A collision between two vessels near Yangmao Island, Ningbo, in the early hours of 30 March resulted in the sinking of a bulk carrier,...
Norwegian Cruise Line Unveils World’s First Hybrid Slidecoaster
Norwegian Cruise Line’s Aqua Slidecoaster combines a roller coaster and water slide, featuring a magnetic lift and speeds up to 31 mph, launching...
Wilhelmsen & Partners to Accelerate Marine Electrification in Singapore
Wilhelmsen Port Services signed a Memorandum of Understanding (MoU) on 26 March with Yinson GreenTech and R W Marine Services, to accelerate the adoption...
NYK Expands Energy Shipping Business with 80% Acquisition of NEO
Nippon Yusen Kaisha (NYK) has acquired an 80% stake in NYK Energy Ocean Corporation (NEO) for approximately 76 billion yen, expanding its energy...
Dry Bulk Market Sees Mild Recovery as Q1 of 2025 Ends
Cape Sector Outperforms as Dry Bulk Market Recovers Slightly.
Trade Tensions and Tariffs Weigh on Dry Bulk Market Outlook.
U.S. Port Charges on...
UP World LNG Shipping Index Drops as Market Volatility Increases
UP World LNG Shipping Index Declines 2.04% on Market Volatility.
Renewed U.S. Tariff Debates Drive Sharp Global Stock Market Decline.
Spot LNG Rates...
Sea Robbery Incidents Surge in the Singapore Strait, ReCAAP Warns
ReCAAP Raises Alarm Over Rising Sea Robbery Cases in the Singapore Strait.
Six Sea Robbery Incidents Reported in Three Days in the Singapore...
U.S. Port Fees on Chinese Ships Trigger Industry Shifts
ExxonMobil Cancels Chinese Ship Order Amid Looming U.S. Tariffs.
China’s Shipbuilding Dominance Faces Threat as U.S. Weighs Port Fees.
South Korea’s Shipbuilders Poised...
Dutch Initiative to Build World’s First Hydrogen-Powered Cargo Ship
A new initiative, spearheaded by the Dutch Innovation Company (NIM) and backed by the Dutch government, is underway to create what they aim to...
Oil Demand Growth Slows, Freight Rates Show Regional Variations
According to the IEA Global Energy Review, global oil demand growth has significantly decelerated in 2024, experiencing only a 0.8% year-on-year increase. This is...
Sanctioned VLCCs Stranded, GMS Report Highlights Ship Recycling Market Volatility
GMS's recent report indicates that two VLCCs, which have violated USDN (United States Dollar Network) regulations and are now subject to OFAC (Office of...
GSI Secures Contract for Advanced Semi-Submersible Vessel from COSCO SHIPPING
Guangzhou Shipbuilding International (GSI) has secured a contract from COSCO SHIPPING Specialized Carriers to build a 70,000 DWT semi-submersible vessel, reports iMarine News.
Advanced Semi-Submersible
Li...
Lloyd’s Register Approves Ammonia Dual-Fuel System For Trafigura’s Medium Gas Carriers
Lloyd's Register (LR) has successfully completed a joint development project (JDP) evaluating ammonia dual-fuel systems for Trafigura’s new medium gas carriers (MGCs), marking a...
World’s First Ammonia-Fueled Vessel Completes Successful Demonstration Voyage
The Sakigake, the world’s first commercial-use ammonia-fueled vessel, has successfully completed a three-month demonstration voyage in Tokyo Bay, achieving an up to 95% reduction...
IACS Publishes 2024 Annual Review, Emphasizing Safety And Digital Transformation
The International Association of Classification Societies (IACS) has released its 2024 Annual Review, highlighting its role in enhancing global shipping safety standards. The report...
