Castor Marine Joins Navarino Group To Drive Maritime Innovation
Castor Marine B.V. has officially become part of the Navarino Group, marking a significant step in the maritime technology and connectivity industry. This acquisition...
K Shipbuilding Develops Ammonia Dual-Fuel Medium-Sized Chemical Product Carrier
K Shipbuilding, a prominent medium-sized shipbuilder in Korea, has successfully developed a medium-sized chemical product carrier powered by an ammonia dual-fuel system. The achievement...
Shandong’s 2024 Crude Import Breakdown: A Shift Towards Non-Sanctioned Tankers
The ban affects vessels shipping Iranian crude, potentially reducing exports to China.
Minimal impact as few Venezuelan vessels are on the OFAC sanctions...
Tanker Salvaged After Rebel Attack in the Red Sea: Environmental Disaster...
A tanker, which had been burning for weeks after being attacked by rebels in the Red Sea, was successfully salvaged.
The rebels had...
FuelEU Maritime Regulation: A Milestone for Greener Shipping
FuelEU Maritime, effective January 1, 2025, focuses on reducing GHG emissions in EU and EEA waters.
Due to delays with the EEA agreement,...
NCFI Weekly Update: Freight Rates Witness Sharp Declines
The Ningbo Containerised Freight Index (NCFI) reports significant weekly decreases across key shipping routes, with the largest drop being -16.74% on the Ningbo-Europe...
Indian Ports Sector Rebounds with 5.3% YoY Growth in Dec 2024
Indian ports experienced a 5.3% year-on-year growth in December 2024, rebounding from a 1.8% decline in October-November.
Major ports (MPs) saw a 17.6%...
[Podcast] Challenges Shaping Supply Chains in Early 2025
In this Insight episode of The Freight Buyers’ Club, host Mike King is joined by Robbert van Trooijen, founder of Inception Partners and former...
Xeneta: Freight Rates May Fall After Dodging Port Strikes
Planned strikes at U.S. East and Gulf Coast ports, which could have caused major supply chain disruptions, were called off after a tentative...
Cargo Ship Sinks in Singapore Maritime Region, All Crew Rescued
A Vietnamese cargo ship has sunk in the Singapore maritime search and rescue region and all 18 crew members have been rescued.
The...
New White Paper Urges ‘Radical Rethink’ on Ship Design & Emission...
A new paper published this week calls for a ‘radical rethink’ of shipping companies’ emissions reduction strategies and vessel design so that ‘hyper energy-efficiency’...
South Korea to Form Task Force for U.S. Shipbuilding Ties
The South Korean government will establish a task force to strengthen cooperation with the U.S. in the shipbuilding industry.
The initiative aligns with...
The Viswa Group: Global Fuel Characteristics Report 2024
The shift towards biofuels in 2024 has brought new dynamics to fuel quality and performance. The release of the updated ISO 8217:2024 specification now...
IMI and MT Group Pioneer Hydrogen Innovation at Klaipėda Port
IMI will supply a PEM electrolyser for Lithuania’s Port of Klaipėda.
The project aligns with the EU Green Deal’s 90% emissions reduction target...
Tracking Blank Sailings: East-West Routes Face Rising Cancellations
Blank sailings on East-West trade routes are rising, with 95 cancellations between January and mid-February, representing 13% of scheduled sailings.
Transpacific Eastbound trade...
India’s Latest LNG Terminal: A New Milestone in Clean Energy Goals
India’s newest LNG terminal, owned by HPCL, has received its first shipment, marking progress toward its 2030 energy goals.
The terminal in Gujarat...
Suspected ‘Shadow Fleet’ Tanker Found Adrift in the Baltic Sea
Safety4sea reports that a tanker drifted north of the island of Rügen in the Baltic Sea. According to the accident command, the tanker was...
MOL, TotalEnergies Name Newbuild LNG Carrier in S. Korea
Mitsui O.S.K. Lines (MOL) has named its newbuilding LNG carrier MOL Azure, set to sail for TotalEnergies under a time-charter contract.
MOL Azure
The MOL...
Moody’s Upgrades Hapag-Lloyd to ‘Ba1’
Sector and company performance better than expected.
Hapag-Lloyd with prudent financial policy and strong liquidity position.
The rating agency Moody’s Investors Service (Moody’s) has...
Cargo Vessel Runs Aground in Delaware River Near Philadelphia
45,000 Tons of Solar Salt Cargo Ship Stranded Outside the Shipping Channel.
Coast Guard Establishes Safety Zone Following Vessel Grounding.
No Pollution was...
