Massive Fire Breaks Out on Tanker Engaged in Illicit Fuel Transfer,...
A tragic incident occurred on March 13, 2025, near Lamongan, Indonesia. An explosion and subsequent fire onboard resulted in the deaths of three crew...
Dry Bulk Shipping Market Overview
Capesize rates improved with increased activity, closing at $23,697. The Pacific market remained strong, while the South Atlantic saw firm demand and limited...
IMI Joins The Caravel Group
The Caravel Group acquires the International Maritime Institute (IMI) to strengthen maritime education and workforce development.
IMI will enhance training for aspiring cadets...
Kongsberg Maritime Secures Contract for Two Methanol-Ready Subsea Vessels
Kongsberg Maritime signs major contract for the design of two multipurpose subsea vessels.
UT7623 SEV vessels feature hybrid battery technology and are methanol-ready.
...
China’s First Large Domestically Built Cruise Ship Completes 100 Voyages
Adora Magic City marks its 100th voyage since launching commercial operations in early 2024.
Over 350,000 passengers have traveled on the cruise since...
WinGD Achieves Milestone in X-DF-A Ammonia Engine Test
WinGD completes full-load testing of its X-DF-A ammonia engine, matching diesel efficiency with 5% pilot oil.
Ultra-low emissions achieved without an ammonia slip...
US Launches Deadly Strikes On Yemen Over Houthi Ship Attacks
The Houthis said at least 19 civilians were killed in US airstrikes. US President Donald Trump vowed to use "overwhelming lethal force" until the...
Understanding Liquefaction and Dynamic Separation in Bulk Cargoes
Moisture in bulk cargo can reduce stability and lead to capsizing.
Shifting moisture in cargo can impair vessel stability.
Compliance and moisture checks...
Tanker Market Monitor: VLCC Supply Surge & Baltic Rate Shifts
This week, Breakwave Advisors presents an in-depth look at the VLCC (Very Large Crude Carrier) supply situation in the Arabian Gulf (AG), focusing on...
NCFI Records Mixed Scenarios for the Month of March 2025
The Ningbo Containerised Freight Index (NCFI), a key indicator for container shipping rates, has revealed some fluctuations in global shipping prices for the week...
ABS Holds 1st South America Regional Meeting on Maritime Innovation
ABS hosted its first South America Regional Committee meeting, focusing on maritime and offshore innovation.
Key topics included energy transition, digitalization, and new...
N. Korean Coal Ship Collides with Chinese Vessel, Nearly 20 Dead
North Korean coal smuggling ship sinks after colliding with a Chinese vessel, 15-20 dead.
The ship turned off its AIS to evade detection,...
ABS Raises Concerns Over IMO’s ‘Wild Card’ Carbon Levy Proposal
ABS CEO Christopher J. Wiernicki called the proposed carbon levy a "wild card" for the shipping industry.
He expressed concerns about the uncertainty...
Final Resting Place of Historic Gilded Age Ship Discovered
Lost Gilded Age Freighter Western Reserve Found After 132 Years.
Historic Great Lakes Ship Western Reserve Found After a Century.
Tragic 1892 Shipwreck...
Fire Risks in Ports: TT Club Urges Enhanced Safety Measures
One-fifth of Port Equipment Losses are Linked to Fire
TT Club Calls for Urgent Action on Fire Safety in Ports.
New White Paper...
Pherousa Secures AiPs For Zero-Emission Shipping With Metacon Technology
Metacon, through its stake in Pherousa AS, has received two initial Approvals in Principle (AiP) from major maritime classification societies, ABS and DNV. These...
Shanghai Port Reports Cargo and Container Turnover Increases In Early 2025
According to a report from the port administration, the Port of Shanghai experienced a 1% year-on-year increase in cargo turnover during January and February...
Freight Rates Slide for 10th Week as Blank Sailings Lose Impact
48 blank sailings announced between weeks 12 and 16, out of 714 scheduled sailings (7% cancellation rate).
Transpacific Eastbound accounts for the highest...
China’s AI Race Heats Up: Manus AI Partners with Alibaba’s Qwen
Manus AI joins forces with Alibaba's Qwen team to enhance its AI agent capabilities.
Manus AI claims superiority over OpenAI's DeepResearch, sparking discussions...
VesselsValue: 2025 Ship Orders Reflect 2021 and 2022 Trends
Shipbuilding orders in early 2025 resemble trends from 2021 and 2022.
Containerships dominate new orders, surpassing bulk carriers and tankers.
66 containerships were...