OOIL Reports Strong 2024 Earnings Growth Amid Fleet Expansion
OOIL’s 2024 profit surged to US$2,577.4 million, with revenue of US$10,702 million and EBIT of US$2,635 million.
Liner liftings reached 7.6 million TEUs,...
Panamax Market Surges Amid Shifting Global Trade Dynamics
The Baltic Panamax Index surged to $12,287 per day, signaling a strong market rebound.
Gold prices surpassed $3,000 per ounce due to geopolitical...
APM Terminals Lázaro Cárdenas Welcomes First Vessel Under Gemini Cooperation
APM Terminals Lázaro Cárdenas received the first Gemini Cooperation vessel, a Maersk-Hapag-Lloyd alliance.
Simultaneous Transshipment reduces wait times, boosting Mexico’s global trade role.
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China Builds 62% of Global Ship Orders
China dominates global shipbuilding with a 62.42% market share, followed by South Korea and Japan.
The U.S. shipbuilding industry remains small but has...
India Modernizes Bills Of Lading Legislation
India has introduced the Bills of Lading Bill, 2025, which aims to replace the colonial-era Indian Bills of Lading Act, 1856. This new legislation...
COSCO SHIPPING Car Carriers And Neptune Lines Partner To Establish Automotive...
COSCO SHIPPING Carriers (CSCC) and Neptune Lines, a leading Mediterranean short-sea RoRo operator, have signed a strategic agreement to develop a new automotive supply...
BSM Singapore Welcomes First LNG Dual-Fuel Car Carrier, TRANS HARMONY GREEN
BSM Singapore has added the first LNG dual-fuel pure car and truck carrier (PCTC), TRANS HARMONY GREEN, to its managed fleet. The vessel, built...
Port Of Rotterdam Authority Reports Strong Investment And Growth In 2024
The Port of Rotterdam Authority’s 2024 annual report, “Navigating towards a Sustainable Future”, highlights an 11% increase in gross investments, reaching €320.6 million.
Key Investments...
ZeroNorth Report Highlights Energy Efficiency As Key To Maritime Green Transition
A new industry roundtable report by ZeroNorth, titled “Recommendations for Scaling and Implementing Energy Efficiency in Shipping”, underscores the critical role of energy efficiency...
Oil Spill at Keelung Port Disrupts Vessel Operations
Refuelling Mishap Causes Oil Spill at Keelung Port.
Keelung Port Faces Environmental Concerns After Oil Spill.
Containment Efforts Underway After Oil Spill at...
US Targets Chinese-Built Ships with Proposed Port Restrictions
China’s Shipbuilding Dominance Faces US Regulatory Pushback.
Chinese-Built Ships Under Fire as US Weighs New Trade Measures.
Global Shipping Faces Uncertainty as US...
DP World and Maersk Agree to Expand Maritime Services at Port...
DP World and Maersk Sign 8-Year Deal to Enhance Logistics in Brazil.
Port of Santos Sets Growth Path with DP World-Maersk Strategic Agreement.
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Corrosion Identified Post-Lift Raises Dropped Object Concerns
Missed Pre-Lift Inspection Leads to Potential Dropped Object Hazard.
Routine Lifting Operation Exposes Critical Corrosion Issue.
Safety Oversight in North Sea Lift Highlights...
Sub-Continent Ship Recycling Slows Down After Intense Start to 2025
Ship Recycling Markets Enter a Lull as Prices Remain Under Pressure.
Bangladesh Leads Ship Recycling as Market Activity Declines.
Higher Freight Rates Delay...
HD Hyundai Heavy, HMM Aim to 3-D Print Ship Parts by...
HD Hyundai Heavy Industries announced a groundbreaking development in the shipbuilding industry: a new 3D printing technology for emergency maintenance, repair, and overhaul...
ICS and CMI Renew Call for Treaty Ratification
The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) have launched an updated campaign for promoting maritime treaty ratification as there...
ClassNK Grants AiP for Large Ammonia-powered Carrier
ClassNK has issued an approval in principle (AiP) for a large-size ammonia-powered ammonia carrier, jointly developed by Mitsui O.S.K. Lines, Ltd., Namura Shipbuilding Co.,...
MPA & CMA CGM Renew MoU on Digitalisation
The Maritime and Port Authority of Singapore (MPA) and the CMA CGM Group have renewed and expanded a 2022 Memorandum of Understanding (MoU)...
Fujairah: Bunker Fuel Sales Drop to their Lowest Since ’21
Marine fuel sales in Fujairah, the United Arab Emirates’ third-largest bunkering hub globally, declined in February 2025 to their lowest level since data publication...
[Watch] IMO Needs to Create a Level Playing Field
On the occasion of the forthcoming 83rd meeting of the Marine Environment Protection Committee (MEPC 83) of the International Maritime Organization, the Belgian Royal...