IMO Leads Global Shipping’s Push Toward Net-Zero Emissions

IMO launches a global maritime digitalization strategy, targeting harmonized ship-port systems. Technological focus spans AI, cybersecurity, e-certificates, and Maritime Single Window enhancements. Formal...

Shanghai to New York Shipping Rates Soar Past $8,000 Amid Capacity...

Shipping rate from Shanghai to New York has jumped past $8,000 per container. A sharp rise in freight demand is outpacing vessel capacity...

Rising Global Piracy Prompts Release of New BMP Guide

New, unified Best Management Practices (BMP) guide consolidates regional piracy guidelines. Rise in piracy reported across Somalia, Gulf of Guinea, Southeast Asia, and...

Capesize S&P Market Sees Steep Drop Amid High Prices and Soft...

Capesize vessel sale and purchase (S&P) activity dropped by nearly 48% in early 2025. High asset prices and low freight rates are discouraging...

ABS Backs Pherousa’s Ammonia-Powered Bulk Carrier

Pherousa’s 64K dwt Vessel to Run on Emission-Free Ammonia Fuel System. ABS Grants AIP for Hydrogen-Fueled Ultramax Copper Carrier. Pherousa Moves Forward with...

California Clears Record Number of Abandoned Vessels from Delta

Skarry Site Cleanup Removes 1,000 Tons of Marine Debris. State Lands Commission Tackles Long-Standing Vessel Dumping. Delta Restoration Effort Removes Tugboats, Barges, and...

China Approves Qualified Rare Earth Export Applications

  Global demand rises for medium and heavy-rare earths. China commits to responsible export controls and dialogue. Rare earths are key in ongoing US-China...

Regulation Sparks Muted Optimism for Marine Decarbonization

The IMO’s proposed net-zero framework is expected to incentivize wider adoption of green fuels through penalties and carbon trading, beginning in 2028. Despite...

Capesize Freight Boosts Dry Bulk with China Demand and Supply Shifts

Capesize Drives Dry Bulk Market Momentum. China’s Iron Ore Demand Holds Firm Despite Volatility. Simandou Project Could Shift Long-Term Iron Ore Dynamics. Week 23...

Dry Bulk Steadies as Growth Slows and Trade Shifts

Capesize and Panamax Lead Modest Shipping Recovery. Global Economy Slows as Trade Front-Loading Fades. North America and Latin America Face Growth Headwinds. During the...

Measles Outbreak in North America Sparks Travel Concerns

A significant measles outbreak is spreading rapidly across Mexico, the US, and Canada, causing rising fatalities and sparking urgent public health and travel...

Höegh Evi & Aker BP Get DNV Approval for Next-Gen CO₂...

Höegh Evi and Aker BP have received Approval in Principle (AiP) from DNV for a new liquefied CO₂ (LCO₂) carrier designed to transport...

[Watch] Massive Fire Breaks Out on Singapore-Flagged Cargo Ship, 4 Crew...

A major fire broke out aboard a container vessel off Kerala’s Beypore coast, causing multiple explosions and cargo loss into the sea. 18...

UECC Adds New PCTC to Boost North-South Sailings

United European Car Carriers (UECC) has expanded its fleet with the eco-friendly dual-fuel LNG PCTC Blue Heritage, strengthening its North-South route with increased...

Supertanker Disconnects in Storm, Causes Oil Spill Off Thailand Coast

A sudden and severe storm off the coast of Thailand late on the night of June 5, 2025, caused a supertanker to disconnect from...

Rainy Season and School Reopenings Drive COVID-19 Surge in Thailand

Thailand's Department of Disease Control (DDC) reported a significant surge in COVID-19 cases during the first two days of June 2025, with a total...

Capesize Leads Dry Bulk Recovery, Panamas Gain While Supramax Struggles

The Capesize dry bulk market indeed experienced a significant rebound and strong upward trajectory during the week, largely driven by improving fundamentals across multiple...

VLCCs Hit Bottom, Suezmaxes Firm in Atlantic, Aframaxes Ride Rollercoaster

Despite an overarching negative sentiment in the market, the LR2 (Long Range 2) tanker segment in the Middle East Gulf (MEG) demonstrated a surprising...

The Green Pioneer: Catalyzing a New Fuel Era for Net-Zero Shipping

The maritime industry is facing an unprecedented transformation driven by stringent decarbonization targets and the imperative to transition to cleaner energy, according to Reuters.  Green...

APM Terminals Pier 400 Leads Clean Energy Transition with New Electric...

APM Terminals Pier 400 has deployed the largest fleet of electric terminal tractors (ETTs) in the Port of Los Angeles, marking a significant milestone...