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...
Trump’s Shipbuilding Plan Sees Public Backing Amidst Trade Tensions with China
According to recent reports, there's significant public support for U.S. President Donald Trump's initiative to revitalize the American shipbuilding industry, reports Reuters.
Support For Action
A...
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...
UK Unveils Maritime Decarbonisation Strategy to Achieve Net-Zero Shipping by 2050
The UK government has introduced the Maritime Decarbonisation Strategy to align with global emissions reduction targets.
The plan aims to cut greenhouse gas...
MIT and ABS Launch Maritime Consortium to Drive Industry Innovation
ABS has partnered with MIT and key maritime players to address global shipping challenges through advanced research and innovation.
The MIT Maritime Consortium...
MPA Advances Geospatial Technology & Maritime Talent Development
MPA signed two MOUs to enhance geospatial technology and maritime talent development.
Singapore’s first Maritime Digital Twin was launched for real-time vessel monitoring...
Cosco Shipping Reports Record Profits Amid Global Trade Disruptions
Cosco Shipping's 2024 revenue reached $33.29 billion, up 33.29%, with net profit rising 95% to $7.75 billion.
Strong U.S. demand and Red Sea...
Black Sea Ceasefire May Boost Steel and Coal Exports
The Black Sea Ceasefire between Russia and the US aims to improve market access for Ukrainian and Russian exports.
Expected to lower shipping...
Germany’s ICODOS Unveils World’s First Wastewater-To-Methanol Plant For Green Shipping
The global shipping industry contributes approximately 706 million tons of CO₂ emissions annually, making up 3% of total global emissions. Most containerships, oil tankers,...
Hapag-Lloyd Advances Fleet Decarbonization With Methanol Retrofit Project
Hapag-Lloyd is taking a significant step toward sustainable shipping by successfully testing a retrofitted MAN S90 engine to run on methanol. Conducted in Japan...
Port Of Antwerp-Bruges And Singapore’s MPA Sign MOU For Maritime Decarbonisation...
The Port of Antwerp-Bruges and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MOU) to strengthen collaboration in...
Bollinger Shipyards Secures $951.6 Million Contract For Polar Security Cutter Program
Bollinger Shipyards has received a $951.6 million Fixed-Price-Incentive-Firm Target (FPIF) contract modification from the United States Coast Guard (USCG) to advance the Detail Design...
DNV Introduces Recommended Practice For Wind-Assisted Propulsion Systems
As the shipping industry moves toward sustainable but higher-cost fuels, Wind-Assisted Propulsion Systems (WAPS) have gained traction, with 50 systems now in operation. These...
Stunning Visualization Reveals Global Ocean Currents in Motion
NASA’s ECCO Model Transforms Ocean Research.
Decades of Ocean Data Come to Life in New Visualization.
Van Gogh-Like Swirls Show the Ocean’s Hidden...
Singapore Launches MariOT to Strengthen Maritime Cybersecurity
New Cyber-Physical Testbed Enhances Shipboard Cybersecurity Training.
MariOT Provides Hands-On Training for Maritime Cyber Threats.
Singapore Expands Maritime Cybersecurity Capabilities with MariOT.
The Maritime...