East-West Trade Disruptions: 12% of Sailings Cancelled in Late 2024
This week's Cancelled Sailings update by Drewry provides a snapshot of blank sailings announced by each Alliance versus the total number of scheduled sailings.
Weekly...
Alabama Port Authority Awards Major Contract to U.S.-Based Richmond Engineering
The Alabama Port Authority announced a major contract to a U.S. company with significant work to be completed in Alabama. This contract, which will...
LPG Trade To Drive VLCC Demand In 2025
The VLCC market in 2025 is expected to be influenced by both positive and negative factors. While robust LPG trade will support demand, an...
Tanker Market Sees Mixed Fortunes
The Aframax market faced challenges this year, particularly due to increased short-haul sanctioned trade and stagnant mainstream trade. As the market shifts towards cleaner...
AI-Powered Solutions Streamline Ship Management
In the maritime industry, accessing accurate information quickly is crucial for efficient operations. However, traditional methods of managing technical documents can be time-consuming and...
Kongsberg Maritime Secures $25 Million Contract for Mk2 FLNG Project
Golar LNG’s Fuji LNG to Be Transformed into a State-of-the-Art FLNG Vessel.
FLNG Technology Revolutionizes Offshore LNG Production.
Kongsberg to Provide Advanced Systems...
Beloved Canadian Tugboat Theodore Too Partially Sinks at Port Weller
Theodore Tugboat Team Assembles Experts for Restoration Effort.
Nova Scotia Premier Offers Words of Encouragement for Theodore Too.
Environmental Impact Mitigated Amid Theodore...
Maersk to Suspend Alaska Market Coverage in 2025
Dutch Harbor and Kodiak were Removed from Maersk’s Transpacific Network.
Cape Sorel Marks's Final Voyage for Alaska Service in February 2025.
Maersk Focuses...
LNG Shipping Market Expected to Normalise Further in 2025
Oversupply Pressures Persist as Fleet Growth Outpaces Demand.
Scrapping Steam Turbine Carriers Key to Stabilising LNG Rates.
China and Asia Drive LNG Demand...
Enova’s $84 Million Funding Boost For Zero-Emission Maritime Innovation
Enova, Norway's governmental energy transition body, has announced an impressive $84 million support package to accelerate the development of zero-emission maritime vessels. This initiative...
EMSA’s TRAINALTER Study Competence Development For Seafarers
The European Maritime Safety Agency (EMSA) has released the TRAINALTER study, a comprehensive effort to identify and address the training needs of seafarers as...
Fincantieri And Sparkle Join Forces To Protect Submarine Telecommunications Cables
Fincantieri, a global leader in shipbuilding, and Sparkle, Italy’s foremost international service provider and a key player in global telecommunications, have signed a Memorandum...
ABL Partners With Universities For Maritime Decarbonisation Software Development
Energy and marine consultancy ABL has initiated a knowledge transfer partnership with the University of Strathclyde and the University of Plymouth to create an...
Key Outcomes Of IACS Council Meeting In London (C90)
The International Association of Classification Societies (IACS) convened its Council meeting in London (C90) to address crucial updates in maritime safety, structural integrity, and...
Black Sea Coast Devastated by Major Oil Spill
A massive oil spill in the Black Sea has contaminated over 60 kilometers of coastline, harming wildlife and local ecosystems.
Poorly maintained, aging...
Navigating Rerouting Risks: Shipping Market Trends for 2025-2026
The supply/demand balance in shipping tightened in 2024 due to rerouting via the Cape of Good Hope, but fleet expansion poses risks for...
Staying Compliant: Preparing for GHG-Focused PSC Inspections
Port State Control (PSC) inspections focus heavily on GHG compliance, including NOx Technical Files, EIAPP certifications, and Engine Parameter Records.
Common deficiencies leading...
Red Sea Crisis: How Houthi Attacks Reshape Global Shipping
Houthi-led attacks in the Red Sea have escalated since 2023, targeting commercial and military vessels and disrupting global shipping lanes.
The maritime domain...
Lessons Learned: Boxship Collides with Bulk Carrier
Transport Malta reports a collision between a bulk carrier and a container vessel while transiting the Malacca Strait.
What happened?
The containership collided with the bulk...
Maersk Predicts Up to 7% Global Trade Growth in 2025
Global Trade Growth Projection: Maersk anticipates global trade growth of 5-7% next year, driven by strong U.S. demand.
Key U.S. Market Dynamics: Potential...