South Korean Shipping Companies Turn to Starlink to Retain Young Sailors
High Demand for Starlink as South Korean Ships Seeks Better Internet Access.
Korea Shipowners’ Association to Subsidize Starlink for Maritime Industry.
Satellite Internet...
Houthi Attacks Disrupt US Shipping in the Red Sea
Houthi Attacks Force 75% of US-Flagged Ships to Reroute Away from Suez.
US Navy Destroyer Attacked 23 Times in the Red Sea, Says...
Shipping Industry Navigates Complexities of EU and IMO Emissions Regulations
The shipping industry is facing a challenging period as it navigates the complexities of new regional emissions regulations from the European Union, specifically FuelEU...
Passengers Told to Be Extra Cautious During Cruise Through Piracy-Prone Region
Passengers aboard a cruise ship were advised to maintain vigilance while the ship transited the Sulu-Celebes Sea in the Philippines. This likely indicates heightened...
VLCC Rates Fluctuate, Suezmax and Aframax See Varied Trends
The MEG (Middle East Gulf) LR2 market appears to have peaked in its current freight rate surge, reports Baltic Exchange.
VLCC
Rates increased at the start...
Capesize Time Charter Average Declines, While Supramax Sees Slight Gains
The Capesize Timecharter Average (C5TC) decreased by $1,507 over the week, ending at $22,190 on Friday, reports Baltic Exchange.
Capesize
Capesize market activity was as follows:
...
Euroseas Announces New Time Charter Contract Amidst Strong Market Conditions
Euroseas Ltd., a container ship owner and operator, has announced a new time charter contract for its M/V Rena P, an intermediate containership with...
Shipping Executives Call for Updated Funding Models for Shore Power Infrastructure
Shipping executives at the European Shipping Summit's "Shore Power offers promising carbon cuts – are we on track?" seminar emphasized the importance of onshore...
NWSA Reports Strong Import Growth Amid Tariff Concerns
Shippers accelerating orders ahead of expected tariffs have driven strong import volumes at the Northwest Seaport Alliance (NWSA).
Full international imports surged 27.9%,...
Nautilus Federation Calls for Immediate Action on Seafarer Recruitment and Retention
A new report by the Nautilus Federation consolidates existing research on the challenges of seafarer recruitment and retention.
The study identifies key factors...
LNG and LPG Freight Markets See Upward Momentum
LNG rates increased across both the Pacific and Atlantic basins, with significant gains on key routes and upward movement in time charter markets.
...
BIMCO Predicts 15% Decline in China’s Coal Imports to Three-Year Low
China's seaborne coal shipments are expected to decline by 15% year-on-year in Q1 2025 due to weaker demand and increased domestic mining.
Tonne...
Strategies to Speed Up Green Fuel Production
Danish Shipping highlights the urgent need for green fuels, as their scarcity delays the transition to climate-neutral shipping by 2050, requiring large-scale investments.
...
Massive Cyber Attack Disrupts Maritime Communications
A significant cyber attack has severely disrupted the communication networks of over 100 vessels, marking one of the largest incidents targeting maritime operations in...
WSC Report Highlights Barriers And Opportunities For EU Shipping Decarbonization
The World Shipping Council (WSC) has released the first "WSC EU Shipping Decarbonisation Report", which analyzes the EU's progress in transitioning to renewable fuels...
Hong Kong Convention On Ship Recycling To Take Effect Globally in...
The Hong Kong Convention (HKC), adopted by the International Maritime Organization (IMO) on May 15, 2009, aims to ensure that ship recycling is conducted...
CMA CGM Signs Landmark Green Methanol Supply Agreement
CMA CGM Group signed a groundbreaking Green Methanol Long-Term Supply Cooperation Agreement with SIPG Energy and Shanghai Electric Group. This strategic partnership is a...
“K” LINE Launches Annual Safety Campaign 2024-2025
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has initiated its annual safety campaign for 2024-2025, emphasizing the prevention of injuries, negligence-related accidents, and heavy weather...
Maritime Security Threats Intensify Across Key Regions
Somalia Faces Renewed Piracy Crisis Amid Rising Instability.
West Africa Sees Decline in Piracy but Security Risks Persist.
Drug Trafficking Surges as Criminal...
Shifting Dynamics in Dirty Tanker Flows from the Arabian Gulf
Far East and India Maintain Strong Oil Demand While Europe Sees Decline.
Crude Oil Price Volatility Shapes Global Energy Markets.
Brent Crude Expected...