OPEC+ extended production cuts until April 2025 amid well-supplied market fundamentals. Geopolitical shifts and non-OPEC supply growth may affect the oil landscape in...

FBX global rates rose by 9% to $3,590/FEU in November, a 178% increase from 2019. Blank sailings, extended lead times, GRIs, and Lunar...

GSL is acquiring four 9,115 TEU container ships. The ships come with long-term charter contracts, ensuring stable revenue. GSL aims to strengthen its...

LR2 rates in MEG stalled, while MR rates surged in the MEG and USG. VLCC and Suezmax rates declined, with Aframax markets seeing significant...

Capesize market declines amid oversupply, with some resistance in the Atlantic. Panamax sees slight improvement, while Ultramax, Supramax, and Handysize markets struggle with low...

The EU Naval Force ATALANTA has issued a warning about a recent rise in piracy incidents off the Somali coast. Ships must maintain...

The growing India-Red Sea trade continues to see new service additions, as ocean carriers adjust their tonnage deployments to the more-lucrative lane, reports The...

The Federal Maritime Commission (FMC) initiated an investigation into regulations or practices by the Government of Spain which appear to bar certain vessels, including...

The containership orderbook ratio now stands at just over 4m teu, or 27% of the active fleet, after a rush of new commissions in...

Shanghai Waigaoqiao Shipbuilding has delivered a new LNG-powered Capesize bulker to NYK. The vessel incorporates energy-saving technologies to improve fuel efficiency and reduce...

Adopting the most cost-effective strategy can result in savings of up to 16% or USD 21 million over a vessel’s lifetime compared to...

Transport Malta reports of the grounding of a bulk carrier in the Indonesian Archipelago. The Incident At 1155, on 02 March 2021, a Maltese registered bulk...

The emergence of 3D model-based design and engineering for the maritime industry is changing the way ships are designed, engineered, built and classed. This special...

ONE Commits to Smooth Transition to Premier Alliance. Hapag-Lloyd Joins Maersk in Gemini Cooperation, Premier Alliance Formed. Wan Hai Introduces New PS6 Transpacific...

Sembcorp to Import 0.6 Million Tonnes of LNG Annually from 2028. New LNG Agreement Boosts Sembcorp’s Global Gas Portfolio. Sembcorp Strengthens Singapore’s Energy...

Höegh Autoliners has inked a new five-year contract for the transport of a significant volume of cars. The client was not revealed but...

Orient Overseas Container Line Ltd. unveils another brand new 16,828 TEU container vessel, named the “OOCL Iris." This vessel is the second of...

CMA CGM has taken delivery of its latest eco-friendly 5,500 TEU containership from Qingdao Beihai Shipbuilding. The vessel is the 8th 5,500TEU containership...

The accident occurred at 6:15 AM on December 5 near Maassluis, with both vessels remaining afloat but several containers going overboard. The River...

DP World aims to develop more industrial parks and logistics facilities in India to address market congestion and improve goods delivery. The company...