Fitch Warns of Global Shipping Downturn in 2025

Container and Dry Bulk Face Weak Demand as Fitch Downgrades Outlook. Fitch Warns of 2025 Shipping Slowdown Amid Tariffs and Overcapacity. Tanker Segment...

Cosco Deepens Tianjin Ties to Build Northern Shipping Powerhouse

Cosco and Tianjin Unite to Develop Green Port and Vessel Repair Base. New Cosco HQ in Tianjin to Power Beijing Tianjin Hebei Integration. ...

Israel Iran Conflict Disrupts Oil Routes, Russia Gains Advantage

Strait of Hormuz Threat Raises Global Supply Fears. Red Sea Tensions Disrupt Trade, Oil Prices Surge. Israel-Iran Clash Sparks Fears of Regional War. Israel’s...

Oil Prices Spike Amid Middle East Conflict: Strait of Hormuz at...

Global oil prices jumped after Israel said it had struck Iran in a dramatic escalation of tensions in the Middle East. The price of the...

Columbia Group CEO Mark O’Neil Calls for Stronger Focus on Inclusion...

Columbia Group CEO Mark O’Neil stressed that inclusion is essential for making diversity meaningful in the maritime industry. He highlighted Columbia's progress, including...

Transpacific Capacity Grows as Blank Sailings Fall

Blank sailings are decreasing, with a notable drop expected on key East-West trade routes through July. Port congestion remains a major concern, particularly...

Strait of Hormuz Threatened as Israel-Iran Tensions Flare

Over 25% of China's LNG imports in 2024 came from Qatar, the UAE. China holds 15 LNG supply contracts with Qatar, the UAE. ...

North Korea Claims Warship Revival Amid Global Doubt

North Korea announced it has repaired a second warship, claiming a significant naval restoration amid ongoing military tensions. International experts remain skeptical, citing...

Oil Prices Surge 13% After Israel’s Strike on Iran, Touching 2-Month...

Crude oil prices surge 13% after Israel's military strike on Iran. Brent and WTI post single-day gains of over 5%, reaching 2-month highs. ...

Chinese Captain Jailed in Taiwan for Undersea Cable Damage

Taiwan Court Sentences Captain Over Cable Sabotage Incident. Undersea Cable Damage Near Taiwan Leads to 3-Year Jail Term. Captain Found Guilty as Taiwan...

India Issues Ultimatum as Oil Spill Threat Grows Off Kerala Coast

Environmental Threat Looms as Salvage Delays Continue Off Kerala Coast. Government Warns of Criminal Action Over Oil Spill Inaction. Delayed Response Misses Weather...

Davie to Invest $1B in U.S. Shipyards to Support Arctic Fleet...

Davie is set to acquire Gulf Copper’s shipbuilding assets in Texas, aiming to finalise the deal by summer 2025. The acquisition would expand...

COVID’s ‘Razor Throat’ Symptom Is Raising Alarms

A severe sore throat, nicknamed “razor blade throat,” is being reported in COVID cases, especially in China, but it’s not a new or...

African Market Experiences Container Shortages as Carriers Prioritize Asia-US Routes

Indian rice exporters are facing container shortages and rising freight costs as carriers prioritize Asia-US trade ahead of the August tariff deadline. Capacity...

DNV Warns of Counterfeit Certificates in Pilot Ladders and Mooring Ropes

DNV has detected recent cases of counterfeit certificates for pilot ladders and mooring ropes, posing safety and compliance risks. Shipowners and managers are...

IRS Achieves Milestone with Launch of First Korean-Classed Passenger Ferry

Indian Register of Shipping (IRS) celebrates the launch of its first classed vessel for a Korean owner—an inter-island passenger ferry. Miraero Shipbuilding is...

Correction in Newbuilding Prices Likely to Deepen

Newbuilding prices began to soften in early 2025 and are expected to decline further due to reduced ordering and uncertainty around IMO regulations. ...

Bridging the Biofuel Gap: Whitaker Tanker’s Certification Paves Way for Wider...

In what is indeed being hailed as an industry first, UK-based bunker operator John H. Whitaker (Tankers) Limited has achieved a significant milestone by...

Port of Toulon Embraces ABB Shore Connection for Full Dock Shore...

The Port of Toulon has indeed made a significant commitment to ABB Shore Connection technology as a cornerstone of its ambitious sustainability drive. This...

US Export License Requirements Force Ethane Tanker Diversion from China to...

An ethane tanker, identified as having loaded in the United States, was observed by ship tracking data to be heading towards India on Wednesday...