Man Drives Ferrari on Aircraft Carrier and Sets New Record for...

The previous 2024 record reached 152 km per hour on another carrier. The goal in Civitavecchia was 160 km per hour to avoid...

Shippers Warn IMO Net Zero Plan Risks $300 Billion Burden

The majority of countries and ICS back the proposal despite concerns. Shippers say the plan won’t ensure a level playing field or effective...

IMO to Decide on Adoption of Net-Zero Framework in October

The International Maritime Organization (IMO) will hold an extraordinary session in October 2025 to decide on the adoption of the Net-Zero Framework (NZF),...

Lessons Learned: Machinery Space Fire and Emergency Power Failure

This summary is based on the Marine Accident Investigation Branch (MAIB) investigation into a fire and subsequent power loss on board a roll-on/roll-off cargo...

APM Terminals Unveils 19-Year Modernisation Plan for Puerto Progreso

APM Terminals Mexico will invest around MXN 3 billion over the next 19 years to modernise Puerto Progreso, Yucatán’s container terminal. The long-term...

UN High Seas Biodiversity Treaty Set to Enter into Force in...

A landmark UN treaty on protecting marine biodiversity in international waters will take effect in January 2026 after reaching the required 60 ratifications. ...

LNG and LPG Freight Markets Weaken After Recent Gains

LNG charter rates softened across major routes, with Atlantic weakness weighing on sentiment despite selective Pacific gains. LPG markets also eased as charterers...

Tang Ming and New Entrants Expand Fleets Amid Market Growth

Tang Ming leads a surge in large-scale vessel orders, including 15,000 TEU dual-fuel ships with ammonia readiness. Established carriers and new entrants alike...

Intra-Asia Container Index Records Early September Gains

Intra-Asia freight rates rose 5% in early September, reaching $1,551 per FEU. Rates remain 9% lower compared with the same period last year. ...

Merak Joins Al Seer Marine and BGN’s Expanding Dual-Fuel Gas Carrier...

Al Seer Marine and BGN have taken delivery of Merak, their third VLGC with ammonia-carrying capability, built by Hyundai Samho Heavy Industries. The...

EUROGATE CTW Reaches Record Container Throughput Milestone

EUROGATE Container Terminal Wilhelmshaven (CTW) crossed the 1 million TEU mark in 2025, the highest in its 13-year history. The milestone was achieved...

Major Tanker Operators Call for Amendments to IMO Net-Zero Plan

Leading tanker operators, including Frontline and Bahri, raised concerns over the IMO’s Net-Zero Framework, urging amendments for fair and realistic decarbonization measures. The...

Capesize Rates Rise as Dry Bulk Sector Shows Diverging Trends

The dry bulk market saw mixed results with Capesize vessels ending the week on a firm note, while Panamax and Ultramax/Supramax markets faced pressure,...

VLCC Rates Climb in Middle East and US Gulf, While Aframax...

A weekly report on tanker markets shows a dramatic improvement for Very Large Crude Carriers (VLCCs), while the Suezmax and Aframax sectors experienced a...

Chinese Crude Imports Set to Plateau as Inventories Hit Record Highs

Over the course of 2025, China's seaborne crude imports have increased by 3% compared to 2024, averaging 10.3 mbd. However, much of this growth...

New EU Sanctions Package Targets Russian LNG and Financial Loopholes

The European Union is planning to implement a 19th package of sanctions against Russia that includes a ban on imports of Russian liquefied natural...

Maiden Voyage on Track as Disney Destiny Reaches a Major Milestone

The Disney Destiny has left the Meyer Werft Shipyard in Papenburg, Germany, marking a major milestone in its construction. The approximately 20-mile journey down...

Port Houston Maintains Strong Growth with 5% Tonnage Increase

Port Houston sustained growth in August, with total tonnage across its public terminals increasing by 5% year-to-date through August 2025. This growth follows a...

EU Unveils 19th Sanctions Package Targeting Russia’s Oil Exports And Shadow...

The European Union has announced its 19th sanctions package against Russia, introducing tougher measures on energy companies, shadow tankers, and foreign oil buyers that...

Finnmaster Fire Prompts Calls For Stronger International Maritime Fire Safety Standard

A 2021 fire aboard the Finland-registered roll-on/roll-off cargo vessel Finnmaster has prompted calls for international changes to maritime fire safety regulations. The UK Marine...