Wallenius Wilhelmsen Finalizes Full Acquisition Of Armacup To Bolster Asia-Oceania Presence

Wallenius Wilhelmsen has completed its acquisition of the remaining 35% stake in Armacup, achieving full ownership as of April 30, 2025. The move finalizes...

MOL Opens Washington Office Amid Rising U.S. Maritime Policy Shifts

Mitsui O.S.K. Lines (MOL), the world’s second-largest fleet operator, has expanded its global footprint by opening a new office in Washington, D.C. This move...

IMO Advances New GHG Regulations And Approves North-East Atlantic ECA

The latest session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) focused on progressing the implementation of the 2023 IMO Greenhouse...

Korea Development Bank Begins Divestment From Hanwha Ocean Amid Stock Surge

The Korea Development Bank (KDB) has initiated the partial sale of its stake in Hanwha Ocean, capitalising on a sharp rise in the company’s...

Global Maritime Forum Releases Inaugural Impact Report Highlighting 2024 Achievements

The Global Maritime Forum has released its first-ever Impact Report, outlining its efforts in 2024 to drive meaningful progress across environmental, social, and governance...

Fitch: Global Ports Navigate Rough Waters Amid Tariffs and Slow Growth

Global port throughput growth now expected to align more closely with GDP growth. Trade tensions and protectionist policies pose growing risks to the...

Eco-Friendly Shipping Hits Snag Amid Fuel Supply Gaps

The maritime industry faces challenges in transitioning to low-emission vessels, primarily due to the lack of infrastructure and reliable supply chains for alternative...

CMB.Tech Scores $97M Gain in VLCC Trio Divestment

CMB.TECH has revealed it has sold three more VLCCs as part of an ongoing fleet rejuvenation programme, reports Lloyd's List. The sales of the 2010-built...

Charting Cleaner Seas: Mediterranean Emission Control Area Enforced

The global low sulphur requirements of 0.50% by mass (m/m) came into force on 1 January 2020 under the MARPOL convention. However, some areas/regions...

Drewry’s World Container Index Signals Market Cooling

Drewry's World Container Index (WCI) is a pivotal benchmark in global container shipping, offering weekly insights into spot freight rates across major East-West trade...

Lessons Learned: Onboard Detection of Hydrogen Sulphide (H₂S)

Several persons reported to the bridge about a smell of septic or rotten eggs present all over the vessel. Hydrogen Sulphide (H2S) was suspected,...

IMO Agrees on Net Zero Framework for Shipping

E-Fuels Seen as Key to Shipping Decarbonization. E-Fuels Can Help Shipping Achieve Net Zero. Shipping Moves Towards Net Zero with E-Fuels. Earlier this month,...

SDHI, Wheel & Time Launch F.A.S.T. Logistics Ecosystem

SDHI Partners with Wheel & Time to Launch India’s First F.A.S.T. Logistics Ecosystem. SDHI and Wheel & Time Introduce Integrated Heavy Logistics Solution. ...

SITC Confirms Final Two Optional 1800 TEU Ships

Full 10-Vessel Deal with Huanghai Now in Effect. SITC Exercises Final Options in $290M Ship Order. Two More 1,800 TEU Ships Ordered by...

Ang Wee Keong to Succeed Teo Eng Dih as MPA Chief...

Ang Wee Keong to Lead MPA from June 16. MPA Appoints New Chief as Teo Eng Dih Moves to MOT. IMDA’s Ang Takes...

Denmark Plans $1 Billion War Insurance for Merchant Fleet

New War Risk Coverage Proposed for Danish Ships. State-Backed Insurance to Shield Denmark’s $20B Fleet. Denmark Moves to Protect Shipping Amid Global Tensions. Denmark...

Ocean Network Express (ONE) Achieves Exceptional Financial Growth in FY2024

ONE reported a 336% surge in net profit, reaching over USD 4.2 billion for FY2024. Revenue rose by 32% to USD 19.2 billion,...

Potential Impact of USTR’s Proposed Fees on Chinese-Linked Vessels

The USTR’s announcement of fees up to $1.5 million on Chinese shipping companies and vessels has caused significant concern within the industry, with...

JAXPORT Welcomes Crowley’s LNG-Powered Containership on First Voyage

Quetzal, Crowley’s newest LNG-powered containership, has made its maiden voyage to JAXPORT, offering increased capacity and reduced emissions. It is the first of...

LR launches first naval engineering apprenticeship scheme

Lloyd’s Register (LR) will launch its first Engineering Apprenticeship Programme in September 2025 at its Naval Centre of Expertise in Barrow-in-Furness. The 3.5-year...