J.P. Morgan Warns the U.S. is ‘Going Broke Slowly’ as Debt...

Fortune reports that J.P. Morgan Asset Management’s Chief Global Strategist, David Kelly, has issued a stark caution about the growing U.S. debt burden, warning...

Denmark Advances World’s Largest North-East Atlantic Shipping ECA

World’s Largest Shipping ECA Set for North-East Atlantic in 2027. Denmark and EU Advance IMO Net Zero Framework at MEPC ES.2. New ECA...

Global Bunker Prices Fall as LNG Demand Rises and Biofuel Criticism...

Scrubber Spread Narrows, VLSFO Gains Cost Advantage. LNG Demand Set to Double by 2030 Amid Emission Rules. European Gas Storage Rises as LNG...

Container Rates Rebound After 17 Weeks of Decline

Drewry Index Rises 2% as Carriers Implement New GRIs. Transpacific and Asia–Europe Routes See Modest Rate Recovery. Drewry Warns Rate Gains May Be...

California Governor Newsom Vetoes Port Emissions Bill Over Fiscal Concerns

California Governor Rejects Port Emissions Bill Citing Budget Strain. Newsom Blocks SB 34, Warns of $100 Million Annual Spending Burden. Governor Cites Fiscal...

China Diverts Oil Tankers After U.S. Sanctions Hit Major Shandong Port

U.S. Sanctions on Rizhao Terminal Disrupt Sinopec’s Oil Imports. Crude Tankers Rerouted to Zhoushan as Lanshan Port Faces Sanctions. Sinopec Diverts Oil Cargoes...

Drewry Indexes Show Diverging Trends Across Global Shipping Markets

Port equities led the market, with the Drewry Port Equity Index rising 1.6% WoW and maintaining a strong 15.4% YTD gain, outperforming the...

UK Expands Sanctions to Disrupt Russia’s Arctic LNG 2 Exports

The UK has sanctioned China’s Beihai LNG terminal, intensifying pressure on Russian LNG exports. A total of 90 new sanctions target Russian oil...

Seafarer Health Reimagined — The Role of Smart Monitoring and Tele-Medicine

The American Journal of Transportation (AJOT) highlights how CDV Health is redefining maritime healthcare through technology designed to support seafarers’ well-being, both onshore and...

China’s Port Fee Shock Sends Tanker Costs Surging and Markets Scrambling

gCaptain reports that China’s newly imposed port fee regime is triggering significant cost shocks for oil tanker operations, prompting strategic pivoting across global shipping...

MPCC Secures $66 Million Order for Fuel-Efficient Containerships

MPCC has ordered two 1,600 TEU eco-efficient container vessels from China’s Fujian Mawei Shipyard, with delivery expected in late 2027. The $66 million...

American Club Issues Advisory on Underwater Damage Incidents

Increased incidents of damage to underwater pipelines and cables reported in Turkish waters. Even suspected damage can trigger costly inspections, fines, and vessel...

Maritime Industry Bets Big on AI, Sustainability, and Efficiency, Says SMM...

The SMM Maritime Industry Report 2025 indicates rising optimism, with a Maritime Industry Score of 50.5 points reflecting strong investment confidence. Shipyards and...

USTR Clarification Leaves Ambiguity Over Tanker Fee Exemptions

The USTR’s latest clarification has created uncertainty over whether the 55,000 or 80,000 DWT limit applies to Chinese-built tankers. CBP documentation distinguishes between...

Maersk Diverts Two US-Flagged Vessels from China

China's "Special Port Fee" on US-flagged, owned, or operated vessels, which took effect on October 14, is a direct retaliation for the US Trade...

Global Maritime Piracy and Armed Robbery Hits Highest Level Since 2021

The report from the International Maritime Bureau (IMB) details the global trend in maritime piracy and armed robbery incidents for the first nine months...

UK Sanctions Russia’s Top Oil Firms and Global Trade Facilitators

The United Kingdom has announced a new round of sanctions against Russia's energy sector and the entities supporting its global oil trade, with the...

Second Fatal Incident on Same Crude Palm Oil Tanker Prompts Investigation

A fire and powerful explosion on a crude palm oil tanker at an Indonesian shipyard resulted in the deaths of at least 10 people...

Cargo Vessel Successfully Exits Northwest Passage After Running Aground

The Dutch cargo vessel Thamesborg recently completed its exit from the Northwest Passage in the Canadian Arctic, approximately six weeks after running aground. The Refloating...

Geopolitical Tensions Soften Capesize Market Despite Solid Pacific Activity

The Capesize and Panamax markets faced significant sentiment-driven shifts during the week, largely influenced by rising geopolitical tensions, while the Supramax and Handysize segments...