BRS Shipbrokers on 2024 Shipbuilding Trends and Numbers

Shipbuilding orders rose dramatically from 128.4 million DWT in 2023 to 193.1 million DWT in 2024, with container carriers and tankers leading the...

WSC Urges USTR to Drop Port Fees, Boost U.S. Shipbuilding

The World Shipping Council (WSC) opposes the U.S. Trade Representative’s proposed port fees on Chinese-built vessels, warning they will increase costs, worsen inflation,...

EU Backs Down on Carbon Levy for Shipping, Risking Climate Finance...

The EU is set to compromise on a carbon levy for international shipping, allowing companies to trade carbon credits instead of direct payments. ...

Samsung Heavy Industries Achieves Breakthrough in FLNG Liquefaction Technology

Samsung Heavy Industries has achieved a significant advancement in liquefaction technology for Floating Liquefied Natural Gas (FLNG) facilities. This development is notable because it...

E-Fuel Transition: GMF Discusses IMO Policy Measures for Shipping Decarbonization

The Global Maritime Forum (GMF) has published a document outlining crucial IMO policy measures and discussion points for the upcoming MEPC 83 meeting (April...

Rough Seas Ahead: Drewry Predicts Sailing Cancellations and Rate Declines

On the major East-West trade routes (Transpacific, Transatlantic, and Asia-North Europe & Med), there have been significant sailing cancellations, reports Drewry.  Drewry’s Predictions  Drewry's predictions and...

DNV White Paper Explores Biofuels as a Viable Decarbonization Option for...

With the shipping industry's focus on decarbonization, biofuels are gaining traction as a viable option for shipowners. DNV has published a white paper to...

Egypt Probes Red Sea Tourist Submarine Sinking

Egyptian authorities have questioned the crew of a tourist submarine that sank in the Red Sea, claiming the lives of six passengers out of...

Weekly Dry Bulk Market Report Capesize Weakens, Panamax Gains Strength

The Capesize market began the week on a positive note but weakened as activity failed to maintain momentum. The BCI 5TC started at $22,311...

Wind Propulsion Identified As Key Solution For Shipping’s Decarbonization

As the International Maritime Organization (IMO) prepares for crucial climate talks in London from March 31 to April 11, a new report by marine...

Global Maritime Forum Launches Sustainable Crewing Guidelines

The Global Maritime Forum has introduced Sustainable Crewing Guidelines, a nine-point framework designed to improve working conditions for seafarers amid the shipping industry's 17-year...

India Tightens Scrutiny On Russian Oil Shipments

India has denied entry to a tanker carrying Russian crude, signaling increased scrutiny of oil shipments from Russia, according to Reuters. The vessel was...

NCFI Report a Significant Uptick in Freight Rates

The latest Ningbo Containerized Freight Index (NCFI), published on March 28, 2025, reveals varied trends across major shipping routes from the Port of Ningbo,...

DNV: Ensuring Safe, Efficient Operations of Shuttle Tankers

DNV has released a comprehensive white paper titled "Shuttle Tankers – Ensuring Safe, Flexible, and Efficient Operations," offering an in-depth analysis of the critical...

Deadly, Drug-resistant Fungus Spreading at ‘Alarming Rate,’ CDC Warns

The Centers for Disease Control and Prevention (CDC) has issued a warning about the alarming spread of Candida auris, a highly drug-resistant fungus that...

North Sea Collision: Damaged Cargo Ship Towed to Scotland

A U.S.-flagged oil tanker involved in a collision with a Portuguese container ship in the North Sea on March 10, 2025, is set to...

MPA Singapore: Changing the Shape of Future Maritime Workforce

MPA Singapore is partnering with AWS to develop AI-powered solutions like the Maritime AI–ML Digital Hub, optimizing fuel use, route planning, and emissions...

Plug and Play Partners with MPA to Drive Maritime Innovation

Maritime Singapore to Benefit from Global Startup Network Through Plug and Play. Plug and Play Joins Forces with MPA to Fast-Track Maritime Transformation. ...

U.S. Tariffs on Canadian Crude Reshape Global Trade Flows

Canadian Oil Exports to Europe Surge Amid U.S. Tariff Pressure. Aframax Tankers Benefit as Canadian Crude Shifts to European Markets. Mediterranean Tanker Rates...

NTSB Recommends Vulnerability Assessments for 68 Bridges

Bridge Collapse Risk Prompts NTSB to Recommend Nationwide Evaluations. Key Bridge Collapse Sparks Urgent Review of Older Bridges. Bridge Owners Advised to Assess...