Fire Breaks Out On Cargo Ship Near Busan, Injuring Six Crew...

Recently, a fire broke out on a Russian-flagged refrigerated cargo vessel approximately 8 kilometers off the coast of Busan, near the Port of Gamcheon...

Houthi Threats Escalate Shipping Risks And Costs

The Houthis' threats to target vessels linked to the U.S. and Israel have led to a sharp rise in shipping insurance costs. After briefly...

Port Of Barcelona Invests €124 Million In Sustainable Fuel Infrastructure

The Port of Barcelona has announced a €124 million investment to construct three new bulk liquid berths aimed at facilitating the loading and unloading...

Russia Expands Arctic Submarine And Military Fleet Amid Rising Geopolitical Tensions

Russia is making significant strides in modernizing its Arctic fleet, with plans to deploy three new Borei-class nuclear submarines to the Northern Fleet near...

Wärtsilä And MPA Partner To Launch Methanol And Ammonia Simulation Models...

Wärtsilä, a global leader in smart marine and energy technologies, has announced the introduction of the Methanol Power and Control (PAC) simulation model in...

BIMCO Releases Container Shipping Market Outlook for March 2025

New Fees on Chinese Shipping Could Disrupt US Ports. Tariff Wars Threaten Global Supply Chains. US Consumer Sentiment Hits Lowest Point Since 2022. BIMCO's...

INTERCARGO Calls for Simplicity in IMO Climate Talks

Maritime Industry Calls for Practical Solutions in GHG Reduction Talks. INTERCARGO Pushes for Clear, Predictable Carbon Pricing. Shipping Industry Faces Pivotal Moment in...

Shadow Fleet Scandal: Fake Insurance Papers Expose Maritime Fraud

Fraudulent Insurance Scheme Puts Baltic Waters at Risk. Fake Norwegian Insurer Shields Shadow Fleet from Scrutiny. Investigation Uncovers Massive Maritime Insurance Fraud. One Monday...

Panama Canal Launches NetZero Slot to Support Decarbonization Efforts

New NetZero Slot to Promote Decarbonization in Maritime Transport. Panama Canal Launches Exclusive Transit Slot for Green Shipping. Green Shipping Gets a Boost...

Georgia Ports Sets February Record Nearing 500,000 TEUs

The Port of Savannah achieved its busiest February on record, moving 479,850 TEUs, a 6% increase year-over-year, according to the Georgia Ports Authority (GPA). The...

Marine Safety Forum Issues Alert on Safe Boarding Arrangements

Recent safety campaigns have revealed that approximately 12% of pilot transfer arrangements are non-compliant, with combination ladders and pilot ladders being the most...

MPA & ICS Sign MoU on Maritime Cooperation

The Maritime and Port Authority of Singapore (MPA) and the Institute of Chartered Shipbrokers (ICS) Singapore Branch have signed a Memorandum of Understanding (MoU)...

Drewry WCI Drops 4% Amid Ongoing Shipping Market Adjustments

Drewry’s World Container Index decreased 4% to $2,168 per 40ft container this week. Detailed assessment for Thursday, 27 March 2025 The Drewry WCI composite index...

South Korea Readies Emergency Measures to Counter U.S. Auto Tariffs

South Korea plans to introduce financial assistance and market diversification initiatives to support its auto industry amid U.S. tariffs. Hyundai and Kia shares...

Maersk Names Latest Dual-Fuel Methanol Vessel in Rotterdam

Maersk has named its latest dual-fuel methanol-powered container ship, Adrian Mærsk, in Rotterdam, marking another step in its sustainability efforts. The vessel, with...

UN Agencies Call for Urgent Action Against Jamming and Spoofing of...

The United Nations agencies ITU (International Telecommunication Union), ICAO (International Civil Aviation Organization), and IMO (International Maritime Organization) have jointly expressed "grave concern" regarding...

ReCAAP Reports Five Armed Robberies Against Ships in Asia

According to reports from the ReCAAP Information Sharing Centre (ISC), there were five incidents of armed robbery against ships in Asia from March 18-24,...

Capesize Cargo Limited, Panamax Rates Rise, Supramax Steady

In Western Australia, the dry bulk shipping market is showing a trend of limited cargo availability. However, there's some interest in cargoes with loading...

VLCC Market Remains Steady, Suezmax Firm in Near Term

The VLCC (Very Large Crude Carrier) market is experiencing a somewhat slow and steady pace, with freight rates fluctuating slightly around previously established levels...

EU Ship Recycling Regulation Evaluation Reveals Shortcomings, No Immediate Revision

The European Commission's evaluation of the EU Ship Recycling Regulation (EU SRR) has revealed critical shortcomings, particularly concerning the circumvention of the regulation through...