Hapag-Lloyd Expands Fleet Capacity With Jumboisation Project
German liner Hapag-Lloyd is undertaking another jumboisation project, upgrading seven vessels built about a decade ago. These ships are being modified at COSCO Zhoushan...
Port Of Helsinki Cargo Turnover Update January-February 2025
The Port of Helsinki reported a 0.1% decline in total cargo turnover for January-February 2025, reaching 2.23 million tonnes, according to port administration data.
Cargo...
FuelEU: A Complex Beast Compared to ETS
FuelEU Maritime sets strict fuel carbon intensity targets, while ETS allows emissions trading.
FuelEU mandates cleaner fuels, whereas ETS offers flexibility through allowance...
China to Issue New Fuel Export Quotas Amid Rising Costs
China plans to allocate 6M-10M tons of new fuel export quotas.
Rising tax costs push gasoline and gasoil export losses higher.
Chinese refiners...
[Watch] Video Captures Container Ship Crash into US Tanker
Newly released video footage has shed light on the recent collision between a container ship and a U.S.-flagged tanker off the coast of Grimsby,...
Will China-Upgraded Hapag-Lloyd Ships Face U.S. Scrutiny?
Hapag-Lloyd has initiated a program to 'jumbo-ise' its Copiapo-class vessels at China's Cosco Zhoushan Shipyard, increasing their capacity from 9,324 TEU to approximately 10,200...
DP World Reports Record $20b Revenue in 2024
DP World reported a 9.7 percent increase in revenue to $20 billion and a 6.7 percent increase in adjusted EBITDA to $5.5 billion for...
World’s 1st Green Hydrogen Shore Power Demonstrator Unveiled
Using clean hydrogen to power berthed vessels.
Advanced tech for efficient hydrogen production.
First-ever green hydrogen shore power project.
Innovate UK and the UK...
Ship Emission Cuts Led to a 50% Drop in Lightning Strikes
New Regulations Lead to a 50% Drop in Lightning Activity.
Lower Sulfur Emissions Trigger Major Lightning Decline.
Cleaner Fuels Reduce Thunderstorm Intensity Over...
Red Sea Insurance Premiums Remain Firm Despite Fewer Incidents
Oil Tanker Companies Avoid Red Sea Due to Security Risks.
Yemen Bans Israel-Linked Ships from the Red Sea and Arabian Sea.
Longer Voyages...
Drewry WCI Drops 7%, Freight Rates Decline Across Major Lanes
Drewry WCI Drops 7% to $2,368 Per 40ft Container.
Freight Rates Decline Across Major Trade Lanes.
Shanghai to Genoa Sees Largest Drop at...
Global Bunker Market Fluctuates as Scrubber Spreads Shrink
European Gas Storage Levels Drop Further.
LNG Bunker Fuel Prices Fall in Sines.
MABUX Market Differential Index Fluctuates Across Ports.
At the close of...
Singapore Releases TR 129 for Methanol Bunkering
TR 129 was developed with input from government agencies and research institutes.
MPA and Enterprise Singapore established a safe bunkering framework.
TR 129 outlines...
US Tariff Fluctuations on Canada and Mexico Add Supply Chain Uncertainty
The US imposed and then quickly suspended 25% tariffs on imports from Canada and Mexico under the USMCA.
Non-USMCA imports, including phones, computers,...
India’s 2 Trillion Maritime Push: 150 Projects Set for Completion by...
150 Projects Targeted for Completion by September 2025
India Aims to Be Among the Top 5 Shipbuilding Nations by 2047
Launch of Bharat...
Major Box Carriers Revamp Far East Service Networks
SeaLead launches Far East-India Express (FIX3) service.
CMA CGM and Maersk introduce joint Far East-Santos service.
MSC expands Africa Express service with additional...
Dry Bulk Market Update: Capesize, Panamax, And Supramax Trends
Pacific region: Cargo volume remains limited from East Australia and other Pacific sources, but West Australia has seen strong activity for late March...
Crude Tanker Market Update: VLCC, Suezmax, And Aframax Trends
The VLCC market started the week on a soft note, but activity surged in the last two days as MEG cargoes (March 25-31 window)...
Global Shipbuilding Market Dynamics The Race For Expansion
In line with President Trump’s vision to “Make America’s Shipbuilding Great Again,” the U.S. shipbuilding industry is poised for a potential resurgence. A drafted...
Russian Attacks On Odessa and Kryvyi Rih Kill Five, Injure Several
Five people were killed in Russian attacks on the Ukrainian cities of Odessa and Kryvyi Rih, local authorities reported on Wednesday.
Civilian Ship Targeted in...