This week, MEG LR2s have seen a notable increase in demand, driving freight levels up sharply. TC1 75kt MEG/Japan index surged 21.67 points to...

Four Dutch crew members have admitted their role in Singapore’s worst oil spill in a decade, following a collision at a shipping terminal in...

On the night of March 12, 2025, a Brazilian oil tanker experienced a loss of control while maneuvering in the Port of Santos. This...

Odfjell has successfully installed four 22-meter-tall eSAILs® on its chemical tanker, Bow Olympus, as part of its commitment to wind-assisted propulsion technology (WAPS). The...

SAAM reported a successful financial year in 2024, with net income from continuing operations of US$59.2 million, reports Container News.  Integrating Assets SAAM successfully integrated assets...

OceanLink, a global leader in container shipping, has reported record-breaking revenues of US$9.12 billion for the year 2024, reflecting a substantial increase from US$5.87...

A South Korean shipyard has completed a major maintenance project on a US Navy supply ship, marking a significant first step in the US...

BIMCO’s latest Shipping Number of the Week reveals a dramatic 92% year-on-year drop in bulker newbuilding contracts for the first two months of 2025,...

The Container Shipping Lines Association (India) has pointed out operational challenges that its members are facing at the newly opened Vizhinjam Port, as the...

A tragic incident occurred on March 13, 2025, near Lamongan, Indonesia. An explosion and subsequent fire onboard resulted in the deaths of three crew...

Capesize rates improved with increased activity, closing at $23,697. The Pacific market remained strong, while the South Atlantic saw firm demand and limited...

The Caravel Group acquires the International Maritime Institute (IMI) to strengthen maritime education and workforce development. IMI will enhance training for aspiring cadets...

Kongsberg Maritime signs major contract for the design of two multipurpose subsea vessels. UT7623 SEV vessels feature hybrid battery technology and are methanol-ready. ...

Adora Magic City marks its 100th voyage since launching commercial operations in early 2024. Over 350,000 passengers have traveled on the cruise since...

WinGD completes full-load testing of its X-DF-A ammonia engine, matching diesel efficiency with 5% pilot oil. Ultra-low emissions achieved without an ammonia slip...

The Houthis said at least 19 civilians were killed in US airstrikes. US President Donald Trump vowed to use "overwhelming lethal force" until the...

Moisture in bulk cargo can reduce stability and lead to capsizing. Shifting moisture in cargo can impair vessel stability. Compliance and moisture checks...

This week, Breakwave Advisors presents an in-depth look at the VLCC (Very Large Crude Carrier) supply situation in the Arabian Gulf (AG), focusing on...

The Ningbo Containerised Freight Index (NCFI), a key indicator for container shipping rates, has revealed some fluctuations in global shipping prices for the week...

ABS hosted its first South America Regional Committee meeting, focusing on maritime and offshore innovation. Key topics included energy transition, digitalization, and new...