Gemini Cooperation Breaks Tradition with Hub-and-Spoke Alliance Structure
For over three decades, the established practice within container shipping alliances has been strictly focused on the major, deep-sea routes. The operational model has...
Chinese Researchers Create 360-Degree All-Weather Maritime Vision System
Chinese researchers have successfully developed an advanced maritime vision system that grants ships comprehensive 360-degree situational awareness. This innovative technology is designed to dramatically...
Seoul Penalizes Firms Involved in Illegal North Korean Iron Ore Transport
On Thursday, April 10th, 2025, South Korea announced independent sanctions against a specific freight ship, its Hong Kong-based operator, and three associated entities. This...
Global Bunker Indices See Sharp Decline, Scrubber Spread Mixed Amid Market...
The significant decline in oil prices, triggered by the United States' imposition of additional customs duties on goods from 185 countries and the resulting...
Saudi Ports Authority Reports Significant Container Handling Growth in March 2025
In March 2025, the ports under the management of the Saudi Ports Authority (Mawani) demonstrated significant growth in container handling. Volumes reached nearly 700,000...
Landmark EU Regulation Aims for “Zero Pellet Loss” to Curb Microplastic...
The European Parliament, the Council of the European Union, and the European Commission have reached a consensus on a new EU regulation to prevent...
Steel Cutting Begins for Carnival Festivale, Carnival Cruise Line’s Latest LNG-Powered...
German shipbuilder Meyer Werft has officially begun construction on Carnival Festivale, a new LNG-powered cruise ship being built for Carnival Cruise Line, a brand...
HEMEXPO Joins EU-Funded SEASTARS Project To Accelerate Maritime Decarbonization
HEMEXPO, the marine equipment manufacturers and exporters association for the international shipping industry, has joined the EU Horizon Innovation Action project titled SEASTARS —...
Panama And U.S. Sign Joint Declaration On Canal Security And Sovereignty
The Panama Canal Authority has announced the signing of a joint declaration on security matters between the Minister for Canal Affairs of Panama and...
MAN Energy Solutions And CHI Sign Agreement To Advance Global Maritime...
At a recent ceremony in China, MAN Energy Solutions and COSCO Shipping Heavy Industry (CHI) signed a framework agreement to collaborate on future decarbonisation...
Fincantieri And Accenture Launch Joint Venture To Drive Maritime Digital Transformation
Fincantieri, a global shipbuilding leader, and Accenture, a top professional services firm, have officially signed an agreement to form Fincantieri Ingenium—a new joint venture...
Bunker Fuel Demand Softens at Indian and Sri Lankan Ports
March Sees Tepid Bunker Activity in South Asia as Traders Cite Slow Fixtures.
Fuel Availability Up, But Demand Weak at Indian and Sri...
Crew Member Injured During Acid Line Maintenance on Tanker
MT Sichem Ruby Incident Highlights Gaps in Hazard Checks.
Safety Review Issued After Sulphuric Acid Injury at Sea.
Chemical Residue in Pipeline Triggers...
Global Shipping Adapts to Shifting Trade and Fuel Dynamics
Maritime Industry Faces Change as Geopolitics Reshape Trade.
Shipping Leaders Address Market Volatility at Fujairah Forum.
Trade Policies and Sanctions Reshape Global Shipping...
Engine Room Fire Contained Off Dutch Coast
Emergency Response Controls Fire on Container Vessel in the North Sea.
The blaze on the Cargo Vessel was Extinguished, and No Injuries were...
Trump Signs Order to Revive U.S. Shipbuilding Industry
U.S. Launches Maritime Push to Compete with China.
Executive Order Targets U.S. Shipbuilding Revival and Maritime Independence.
Bipartisan Backing as Trump Moves to...
Fincantieri & Kayo Ink MoU to Develop Shipbuilding Industry in Albania
Fincantieri and Kayo, a company based in Tirana, Albania, signed a Memorandum of Understanding (MoU) on April 8, 2025, in Durres, aimed at establishing...
MHI Deploys Smart Gate System at Osaka Port Terminal
The new container terminal gate at Yumeshima Container Terminal started operation in February 2025.
The new system, using handheld terminals and cameras, streamlines...
BIMCO Approves Revisions to War Risk Clauses
The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters, reflecting changes in the geopolitical challenges...
Drewry’s World Container Index Rises 3% to $2,265 per 40ft Container
Drewry’s World Container Index increased 3% to $2,265 per 40ft container this week.
Detailed assessment for Thursday, 10 April 2025
The Drewry WCI composite index...