Japanese Shipping Firms Plan Training Vessel Donation
Industry Backs JMETS Reform with New Training Ship.
Major Carriers Support Seafarer Training Upgrade.
Shipping Sector to Aid JMETS with Vessel by 2030.
Japan’s...
Subcontinent Dynamics and Global Outlook Shape Ship Recycling Trends
Bangladesh Faces Delays, India Gains on Stability.
H2 Recycling Activity Set to Rise Amid Trade Disruptions.
Older Vessels Likely to Boost Supply in...
Hazardous Leak at Hamburg Dock Prompted Rapid Response
Lipaton Spill Triggers Emergency Response in Hamburg Port.
Industrial Chemical Leak Reaches Water at Hamburg Dock.
Fireboats Deployed After Container Leak in Hamburg.
On...
EU Delists Three MOL LNG Carriers in First Sanctions Reversal
MOL LNG Vessels Removed from EU Blacklist After Lobbying.
North Moon, North Ocean, North Light Delisted by EU.
EU Reverses Sanctions on MOL...
Wärtsilä Reports Strong H1 2025 Performance with Key Financial Highlights
Strong quarterly performance with 20% organic growth in order intake and 13% organic growth in net sales
Comparable operating result up 18% and...
Korea Eyes Arctic Route for Strategic Shipping Shift
South Korea is positioning the Arctic route as a long-term logistics strategy to elevate Busan as a central hub linking Asia and Europe.
...
Yang Ming Rolls Out LNG Dual‑Fuel Orders in Partnership with Hanwha...
The IMO Council finalized the revised Strategic Plan for 2024–2029, agreed on the 2026–2027 budget outline, and endorsed key governance and procedural reforms.
...
Expansion of Global Shipbuilding Capacity Targeting North Africa, India, and the...
A leading shipbuilder is exploring operations at a major North African shipyard to meet growing global maritime demand.
Strategic partnerships in India and...
Lessons Learned: Hand Injuries from Sharp Objects During Routine Deck Operations
This summary is based on two separate incidents reported by a member to the International Marine Contractors Association (IMCA), highlighting hand injuries sustained while...
Wärtsilä to Sell Marine Electrical Systems Business to VINCI Energies
Wärtsilä is divesting its Marine Electrical Systems unit to VINCI Energies as part of a strategic portfolio realignment.
The business has annual revenues...
China–U.S Container Freight Rates Decline as Market Reverts to Pre-Tariff Levels
Freight rates from China to the U.S. have returned to pre-tariff levels.
Overcapacity, weak demand, and blank sailings are key contributors to the...
PowerAlign by Cavotec Delivers Flexible Shore Power for Terminals
Cavotec has launched PowerAlign, a modular and mobile shore power solution for container terminals.
The system occupies less than 3.5 m² and keeps the...
Iraq Ramps Up Oil Shipments, Signaling Stronger Production Push
Iraq plans to significantly raise exports of destination-free Basrah Medium crude in August, adding up to 4 million extra barrels.
The increase aligns...
Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy,...
Israel's only southern seaport, the Port of Eilat, is set to cease all commercial operations from July 20, 2025. This critical decision stems from...
Russia Continues Arctic LNG 2 Exports with Sanctioned Vessels
A liquefied natural gas (LNG) vessel, the Voskhod, which is subject to U.S. sanctions, has recently docked at Russia's Arctic LNG 2 plant. This...
Capesize Dominates Dry Bulk Freight Gains, Panamax and Ultramax Markets Show...
The dry bulk shipping market witnessed a dynamic week, with Capesize vessels leading a robust rally, while Panamax and Ultramax/Supramax segments experienced more mixed...
VLCC and Suezmax Rates See Welcome Upturn, Bolstering Crude Tanker Earnings
Last week has brought a positive shift in the LR2 (Long Range 2) tanker freight market in the Middle East Gulf (MEG), with rates...
Combating Cargo Abandonment: How Operators Can Identify Risks, Vet Clients, and...
Abandoned cargo poses a persistent and costly challenge for transport and logistics operators globally. These issues arise from various factors, including commercial disputes, consignee...
Europe’s Busiest Cruise Port Barcelona to Scale Back Amid Overtourism Concerns
The Port of Barcelona, currently recognized as Europe's busiest cruise port, is set to scale back its passenger terminal capacity significantly by 2030. This...
60-Year-Old Farmer Builds Submarine by Hand
Zhang Shengwu, a 60-year-old farmer from Maanshan, Anhui province, has stunned many by single-handedly building a functional submarine named Big Black Fish.
His journey from...
