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...
MPA Receives 14 Proposals to Ramp Up LNG Bunker Supply in...
The Maritime and Port Authority of Singapore (MPA) has received 14 proposals under its Expression of Interest (EOI) to scale up the supply...
MOL, Tokyo Gas Sign Wind-Powered LNG Carrier Deal
Mitsui O.S.K. Lines (MOL) has announced a partnership with Tokyo LNG Tanker Co. to equip a new LNG carrier with two Wind Challenger...
BIMCO Analysis Shows Russian Oil Exports Weathering Sanction Storm
According to BIMCO’s latest “Shipping Number of the Week,” as highlighted by Chief Shipping Analyst Niels Rasmussen, Russian oil exports during the first quarter...
Alarming Increase in GPS Jamming Distances Highlights Q1 Maritime Disruptions
Windward's latest report for the first quarter of 2025 indicates a significant increase in regulatory activity concerning sanctioned vessels and maritime companies, reports Safety4sea.
GPS...
Nominate maritime welfare heroes for Seafarers Awards
The Mission to Seafarers is now inviting nominations for the International Seafarers Awards 2025, which celebrates contributions to seafarer welfare.
The event will...
“Lowered Reciprocal Tariff” Announced as US Adjusts Trade Strategy
In a sudden and significant policy reversal, just hours after new levies were imposed on approximately 60 of the United States trading partners, it...
Western Australia Shipping Market Heats Up for Late April, May Inquiries...
In the Western Australia shipping market, there is notable activity with both vessel operators and mining companies seeking tonnage for loading dates in late...
Jaldhi Overseas Boosts Chemical Tanker Presence with Strategic Orders
Singapore’s Jaldhi Overseas has ordered six new chemical tankers from shipyards in Japan and China, with deliveries set for 2027 and 2028.
The...
VLCC Rates Flat, Suezmax Active, Aframax Mixed Amidst Market Uncertainty
The downturn in both oil and stock markets persists, with yesterday's slight recovery proving to be short-lived. This negative sentiment is also impacting the...
Thoresen Shipping Partners with Jotun for Hull Skating Solutions
Jotun, a prominent supplier of advanced hull coatings and solutions for the maritime sector, has established a commercial agreement with Thoresen Shipping Singapore Pte....
Lloyd’s Register Unveils Global Cruise Ship Centre of Expertise
Lloyd’s Register (LR) introduced its virtual Cruise Ship Centre of Expertise (CCoE) at Seatrade Cruise Global 2024 to provide global, real-time support for...
BAR Technologies Advances Wind Propulsion Amid IMO Climate Policy Setbacks
BAR Technologies promotes WindWings® as a proven, zero-emission propulsion solution amid rising uncertainty in IMO climate policy.
U.S. exits IMO emissions talks, criticizing...
Rising Piracy in Asian Waters Sparks Regional Security Response in 2025
Piracy and armed robbery in Asian waters rose by 53% in Q1 2025, with 43 incidents reported.
The Straits of Malacca and Singapore...
Emerging Trends Redefining the Maritime Industry in 2025
Geopolitical tensions are disrupting key trade routes and impacting global supply chains.
Aging infrastructure and climate risks threaten maritime resilience.
Regulations and stakeholder...
Deendayal Port Authority Joins Methanol Institute To Boost Green Fuel Bunkering...
The Deendayal Port Authority (DPA) in Kandla, India, has taken a major step toward sustainable shipping by joining the Methanol Institute (MI). This strategic...
XL Batteries Successfully Commissions First Commercial Organic Flow Battery With Stolthaven...
In a major advancement for long-duration energy storage (LDES), XL Batteries has announced the successful commissioning of its first fully integrated, commercial Organic Flow...