Investigation Underway After Container Ship Capsizes In Istanbul

A container ship capsized at the port of Ambarli in Istanbul, Turkey. Emergency response teams are working to contain the damage and clean up...

VLCC Rates Remain Weak Despite Increased Chinese Imports

The National Oil Corporation of Libya declared force majeure at the Zawia Refinery following a fire caused by militia clashes. This is the first...

Increased Supply Weighs On Asian LSFO Market

The Asian low-sulfur fuel oil market is expected to face challenges in 2025 due to oversupply and increased competition from scrubber-fitted ships, reports S&P...

Diana Shipping Extends m/v Amphitrite Charter

Diana Shipping Inc. (NYSE: DSX), a global leader in dry bulk vessel ownership and bareboat chartering, has extended the time charter contract for...

Lloyd’s Register Updates NDE Checkpoint Rules

Lloyd’s Register (LR) has revised its Rules for the Non-Destructive Evaluation (NDE) checkpoint regime at the new construction stage, effective 1 January 2025. ...

Biodiesel Tops the Sustainable Maritime Fuel Confidence Index for 2024

Biodiesel claimed the top spot in the 2024 Sustainable Maritime Fuel (SMF) Fest Confidence Index, surpassing the previous leader, LNG-biomethane. LNG e-methane retained...

Suez Canal Authority Introduces Environmentally Friendly Waste Collection Services

The Suez Canal Authority (SCA) is launching a waste collection and safe disposal service for vessels transiting the canal. The service will begin...

Coast Guard Acquires Polar-Class Icebreaker to Enhance Arctic Operations

The U.S. Coast Guard has officially acquired the motor vessel Aiviq, a 360-foot Polar Class 3-equivalent icebreaker, from Edison Chouest Offshore. This acquisition strengthens...

Port Of Long Beach Highlights Green Fuel Challenges In Maritime Sector

The Port of Long Beach has released a comprehensive white paper addressing the challenges and opportunities associated with adopting green fuels in the maritime...

U.S. Container Ports Experience Record Growth Amid Coastal Shift

U.S. container ports recorded a remarkable 13.1% year-over-year increase in inbound volumes across the nation's ten largest ports in November, marking the fourteenth consecutive...

Crew Members Released After Year-Long Detention

The recent release of several crew members from a detained vessel marks a significant development following a year of hardship and uncertainty. Their release...

Impact Of FuelEU On Norway And Iceland

FuelEU Maritime regulations, which are designed to decarbonize maritime transport within the EU, will not directly apply to Norway and Iceland despite their membership...

Rising Charter Rates: Environmental Rules Limit Dry Bulk Supply in 2025

The dry bulk market is set for higher earnings in 2025, driven by environmental regulations limiting vessel speed and supply growth. Resilient commodity...

Freight Forwarding 2025: Navigating Disruption with Antifragility

Digitalization, decarbonization, and supply chain resilience remain central to the freight forwarding industry in 2025, shaped by evolving regulations and technological advances. The...

Project Carrier Rates to Stay High Amid Tonnage Shortage in 2025

The multipurpose vessel (MPV) market is expected to perform well for charterers and shipowners in 2025, driven by strong demand for project cargo...

Hapag-Lloyd: WDS WID Surcharge to the U.S. East Coast & Gulf...

To help manage the potential impact of ongoing challenges at U.S. East Coast and Gulf ports, Hapag-Lloyd is introducing a Work Disruption Surcharge (WDS)...

BIMCO Publishes FuelEU Maritime Clause for SHIPMAN

The FuelEU Maritime Regulation is a part of the EU’s “Fit for 55” package intended to fight climate change by reducing greenhouse gas...

Lessons Learned: Structural Failure of Rescue Boat

A rescue boat suffered a catastrophic structural failure whilst unattended on the davit, reports IMCA. What happened? Whilst no activities were being performed by crew on...

[Podcast] Is the Dark Fleet Getting Darker?

The volume and frequency of shipping sanctions have reached unprecedented levels, becoming a major focus of industry news. This year has seen more targeted...

Diana Shipping Announces Time Charter Contract with NYK

Diana Shipping Inc. has secured a new time charter contract through its subsidiary with Nippon Yusen Kabushiki Kaisha, Tokyo, for its Kamsarmax vessel, m/v...