Lessons Learned: Grounding of Bulk Carrier in Port Hedland

The Australian Transport Safety Bureau (ATSB) has issued an investigation report into the grounding of a bulk carrier in Port Hedland, Western Australia, on...

SHIPS for America Act Introduced to Revitalize U.S. Shipbuilding

Representative John Garamendi (D-CA-08) introduced the SHIPS for America Act, supported by Senators Mark Kelly (D-AZ), Todd Young (R-IN), and Representatives Trent Kelly...

Shanghai Port Surpasses 50 Million TEUs Annually

Shanghai Port has once again made history by becoming the first in the world to surpass an annual container throughput of 50 million...

California Advances Floating Offshore Wind Energy Development

California has taken a monumental step toward its renewable energy goals with a new agreement between the California State Lands Commission and the Ports...

IACS Joins IMO’s 11th Ship Design and Construction Session

IACS reaffirms its commitment to supporting IMO's work by actively participating in SDC 11, scheduled from 13 to 17 January 2025. Several key...

LNG and LPG Markets: Year-End Review Amid Festive Period

The LNG market faced a challenging year in 2024, marked by subdued activity and minimal rate changes during the festive season. The BLNG1...

Expanding the U.S. Marine Highway System for Sustainable Trade

2023 NDAA Redefines Marine Highway Transportation Scope. MARAD and Volpe Center Collaborate on Marine Highway Opportunities. The Future of U.S. Waterways: Key Findings...

IMO Approves Revised GMDSS Operating Guidance Effective January 2024

New Advisory Highlights Use of GMDSS Equipment in Line with SOLAS Chapter IV. Masters Urged to Broadcast Distress Alerts via All Radiocommunication Systems. ...

ABS to Conduct ISPS Code Audits for Italian Administration Starting 2025

Italian Administration Selects ABS for ISPS Code Compliance Audits. ABS to Oversee Ship Security Plan Approvals and Certifications for Italy. Agreement Signed: ABS...

MICTSI Secures 25-Year Extension to Operate Mindanao Container Terminal

USD 100 Million Investment Planned to Boost MCT Capacity. New Berth Extension to Enable Larger Ships and Service Routes in Mindanao. PHIVIDEC and...

Capesize Rates Weaken Despite Early Signs Of Strength

The Capesize market had a volatile week, starting strong and then weakening. Early on, there were positive signs in both the Pacific and Atlantic...

VLCC Market Stabilizes, Aframax Sees Mixed Results

The market for Very Large Crude Carriers (VLCCs) transporting Middle East Gulf (MEG) crude experienced a slight decline this week. While there was sufficient...

DP World Leads the Way With First MENA Blue Bond Issuance

DP World has issued a $100 million Blue Bond to finance sustainable projects in marine transportation, port infrastructure, and environmental protection. This innovative financing...

Avenir LNG Marks Milestone With Successful LNG Bunkering Operation In Poland

Avenir LNG has successfully conducted its first small-scale LNG vessel call at the Swinoujscie LNG Terminal in Poland. This marks a significant milestone in...

Navantia Acquires Harland & Wolff, Securing UK Shipbuilding Industry

Navantia UK has acquired all four of Harland & Wolff's shipyards in the UK, securing the future of shipbuilding in Belfast, Scotland, and Devon....

AMSA Introduces Key Changes To Safety Management Systems For Domestic Shipping

Starting June 1, 2025, new safety management system (SMS) requirements will be implemented for domestic commercial vessels in India. These new regulations aim to...

Collaboration For Sustainability: NYK And YL Launch GHG Reduction Platform

NYK and YL have launched a digital platform to help their customers reduce their Scope 3 GHG emissions. This platform, powered by 123Carbon, allows...

MI LNG Company To Become MILES Co., Ltd., Marking A New...

MI LNG Company, Limited, a joint venture between Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd., will officially be renamed MILES Co.,...

AD Ports Group Secures Expanded $2.125 Billion Revolving Credit Facility

AD Ports Group, a leading global trade, logistics, and industry enabler (ADX: ADPORTS), has successfully refinanced and upsized its Revolving Credit Facility (RCF) from...

Danish Shipping Advocates For IMO Biofouling Guidelines

Danish Shipping has endorsed the International Maritime Organization (IMO) guidelines on biofouling management, emphasizing their critical role in preserving marine biodiversity and preventing the...