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...
Fortescue Advocates $100/mt Carbon Levy To Boost Green Ammonia As Marine...
Fortescue’s Executive Chairman Andrew Forrest has called on the International Maritime Organization (IMO) to impose a $100 per metric ton (mt) carbon levy on...
IMO January 2025 Piracy Report Highlights Multiple Incidents In Asian Waters
The IMO has released its January 2025 Monthly Piracy Report, reports Safety4Sea.
Multiple Incidents
In January 2025, the following piracy and armed robbery incidents were reported:
Incident...
Cyprus SDM Uses PSC Data To Improve Flagged Vessel Performance
The Cyprus Shipping Deputy Ministry (SDM) is using Port State Control (PSC) data to improve the performance of its flagged vessels. A recent report...
Maritime Survey Seeks To Reduce Fatalities In Enclosed Spaces On Ships
Maritime professionals and ship management companies are collaborating to tackle the ongoing problem of seafarer and shore worker fatalities in enclosed spaces on ships,...
LSFO Weakness And HSFO Strength Compress Fuel Oil Price Spread In...
The price difference between low-sulfur and high-sulfur fuel oil in Asia has shrunk to its lowest point since the IMO 2020 regulations. This is...
Global Ports Holding Secures 50-Year Lease To Operate Greenock Cruise Port
Global Ports Holding Ltd (GPH) has secured a 50-year lease to operate Greenock Cruise Port, having signed an agreement with Clydeport Operations Ltd, a...
Vadhvan Port In Maharashtra To Be Operational By 2030
Finance Minister Ajit Pawar announced that the Vadhvan port in Maharashtra's Palghar district will be operational by 2030. This announcement was made during the...
AYK Energy to Supply 6MWh Battery for World’s First Battery-Methanol Tug
AYK Energy has secured a contract to manufacture and supply a 6MWh battery system for the world’s first battery-methanol hybrid tug, being built...
TMC selected to supply FLNG facility equipment
TMC Compressors to supply a high-capacity marine compressed air system for Genting’s FLNG facility.
The scope includes six compressors for control air, instrument...
Thetius Highlights the Necessity of Designing a Cyber-Secure Vessel
Cybersecurity threats in the maritime industry are evolving, with ransom payment trends declining, but vulnerabilities persist due to inconsistent implementation of security measures.
...
Algoma Central Adds Three New Vessels in a Landmark Week
Algoma achieved a historic milestone, delivering three vessels from different countries in one week.
Since 2013, Algoma has built 23 vessels, with 12...
Denmark Seeks IMO Council Re-Election, Sets Key Priorities
Denmark seeks re-election to the IMO Council (2026-2027) to advance maritime safety, governance, and sustainability.
Key priorities include strengthening safety, addressing emerging risks,...
Lessons Learned: Serious Leg Injury During Crane Operations
The UK Marine Accident Investigation Branch (MAIB) published Accident Investigation Report 11/2024 into an incident where a crew person was seriously injured while operating...
Triton Acquires Global Container International
Triton International Limited has entered into an agreement to acquire Global Container International LLC (GCI), reports and official release.
The transaction is subject to customary...
LR & Prodigy Collaborate on Transportable Nuclear Power Plants
Prodigy Clean Energy and Lloyd’s Register team up on transportable nuclear power plants with Canadian government support.
The project aims to deploy small...
Yang Ming Records US$2B in Annual Net Profit
Yang Ming posted US$6.94 billion in revenue and US$2 billion in net profit.
The company declared a cash dividend of NT$7.5 per share.
...
