T.S. Lines Ups the Ante with $125.6M Vessel Deal Revision
T.S. Lines Limited announced it has entered into amended shipbuilding contracts with Huangpu Wenchong Shipbuilding Company Limited and China Shipbuilding Trading Co., Ltd., for...
IMO 2025 Theme Our Ocean Our Obligation Our Opportunity
IMO enforces a global framework for safer, cleaner seas.
The theme aligns with UN agreements and ocean initiatives.
Celebrations set for London and...
30 Gulf Lease Sales and 6 in Alaska Set Under Trump...
30 lease sales planned in the Gulf of America, covering 14–15% of U.S. crude output.
The Gulf lease program aims to support jobs...
Clean Arctic Alliance Response to China’s New Containership Route Through Arctic
Black carbon emissions pose a heightened climate threat in Arctic waters.
Increased shipping risks, disturbance to wildlife, and coastal communities.
Fragile Arctic ecosystem...
Dry Bulker Newbuilding Orders Collapse in 2025 After Record Highs
Ordering slump follows record peak of 63.9m Dwt in 2024.
Newbuilding prices remain high despite weakening demand.
Capesize leads with 57% of total...
Atlantic Basin Strength Pressures Crude Prices in August
OPEC+ supply fears ease as Pacific Basin exports remain weak.
South America leads gains with exports 9% above seasonal highs.
Middle East Gulf...
Lessons Learned: Cargo Damage During Loading and Voyage
A recent incident reported by the Swedish Club involved cargo damage during the loading and transport of steel products. Weather conditions and procedural challenges...
SC Ports Completes $580 Million Harbor Deepening with Final Funding
SC Ports received the final $21.28 million federal reimbursement, completing the $580 million harbor deepening project.
Leaders credited strong federal, state, and local...
First Half 2025 Review of Global Shipping Segments
Capesize bulkers gained 7.7% in value, while most other bulker segments saw declines amid reduced newbuilding and S&P activity.
Tanker values eased overall,...
China to Rival SpaceX with First Reusable Rocket Recovery Drone Ship
China has introduced its first rocket recovery drone ship, Xingji Guihang, marking a major step toward reusable launch technology.
Developed by Beijing-based iSpace,...
NWSA TEU Volumes Rise 3.5% YTD
VLGC rates remain near a 16-month high, driven by Indian port congestion and Panama Canal delays.
European ports are witnessing notable growth, with...
Singapore Solidifies Global Lead with FueLNG’s 500th Ship-to-Ship LNG Bunkering Operation
FueLNG, a leading provider of LNG bunkering solutions, has successfully completed its 500th ship-to-ship (STS) LNG bunkering operation. This achievement, which occurred in Singapore...
Performance Shipping Secures New Time Charter with PNSC for M/T P....
Performance Shipping Inc. has signed a 12-month time charter with Pakistan National Shipping Corporation (PNSC) for its 105,304 DWT LR2 Aframax tanker M/T...
Are Engineers at Risk from AI? A New Study Suggests it’s...
While many fear that AI will replace engineers, the analysis reveals a more nuanced reality: AI is more likely to augment engineering roles by...
Damen and Folla Maritime Launch Joint Venture Damen Folla
Damen Shipyards Group and Folla Maritime have officially launched their new joint venture, Damen Folla, during the Aqua Nor exhibition in Trondheim.
The...
Capesize Rates Holding Strong, But China’s Economy Poses a 5% GDP...
An uneventful fortnight in terms of cargo flow has reduced near-term activity, contributing to a decline in spot rate volatility.
Capesize Market and Outlook
Despite a...
LNG Carrier Al Zuwair Delivered to QatarEnergy
The LNG carrier Al Zuwair was delivered on August 18 at HD Hyundai Heavy Industries’ Ulsan Shipyard for deployment under a time-charter with...
Russia’s Arctic LNG 2 Project Resumes Shipments Despite Sanctions
Russia’s Arctic LNG 2 project has resumed shipments after months of inactivity, with tankers heading to Asia.
The project faces heavy US and...
International Regulations for Hazardous Materials on Marine Vessels
This notice outlines regulations and guidance for the management of hazardous materials on board ships, specifically focusing on Asbestos Containing Materials (ACMs) and fire-extinguishing...
Sailing in the Shadows: The Problem of Fraudulent Ship Flags
A ship's flag is the symbol of its nationality and a sign of the country, known as the flag state, where it is officially...