S. Korea’s Hanwha Ocean Targets US Navy Orders as Trump Seeks...
Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to...
COSCO SHIPPING Debuts Smart Cargo Hold Cleaner “Hold Cleaning Elf”
COSCO SHIPPING (Qingdao) has launched its independently developed "Hold Cleaning Elf" robot for bulk carriers, a major step in shipping automation.
The robot...
U.S.–Venezuela Oil Flows Hit by Chevron License Loss; Freight Market Mixed
The U.S. Treasury’s revocation of Chevron’s Venezuela license in March 2025 has caused a significant halt in Venezuelan crude exports to the U.S.
...
LNG Freight Gains in Atlantic as LPG Rates Soften on Weak...
LNG market firmed this week, led by sharp gains in the Atlantic basin, with 174k cbm rates on the Sabine–Tokyo route jumping $5,200...
IMO Enhances Safety for Ammonium Nitrate Transport with Revised IMDG Code
The International Maritime Organization (IMO) has adopted revisions to its maritime safety regulations, specifically within the International Maritime Dangerous Goods (IMDG) Code. These changes...
Maersk Subsidiary Becomes Member of Maritime Battery Forum
Stillstrom, part of the A.P. Moller-Maersk Group, joins the Maritime Battery Forum (MBF) to further its mission of zero-emission offshore power.
The company...
Scorpio Tankers Reports Lower Q1 2025 Income but Approves $0.40 Dividend
Scorpio Tankers Inc.has released its financial results for the first quarter of 2025, ending March 31st. In addition to reporting its financial performance, the...
Spanish Ports See Steady Overall Container Traffic but Mixed Performance Among...
Spanish ports experienced steady container traffic in the first three months of 2025, handling a total of 4.32 million TEUs. This figure represents a...
U.S. Coast Guard Rescues 32 from Sinking Boat Near Miami’s Monument...
On Saturday, May 3rd, 2025, authorities reported the successful rescue of 32 individuals from a boat that was taking on water and sinking off...
Milestone for Green Shipping: Seaside LNG Celebrates 100th LNG Bunkering Operation
Seaside LNG, a prominent company in LNG production, bunkering, and maritime logistics, has reached a significant landmark in its LNG bunkering services. Their advanced...
India Launches its First Deepwater Transshipment Port
India launches its first deepwater transshipment Port with a 20+ meter natural draft.
Developed through a public-private partnership and commissioned by India’s Prime...
Ripley Group Wins 15-Year Green Tug Charter
Kolkata-based Ripley Group succeeds the tender for an electric green tug held by Gujarat-based Port Authority with the lowest bid price
Netincon Marketing...
Dry Bulk Market Weekly Summary Capesize Holds Firm as Smaller Segments...
This week’s dry bulk market reflected a mixed performance across vessel sizes. Capesize vessels continued to benefit from tighter tonnage and active cargo flows,...
Tanker Market Weekly Update LR1s and MRs Diverge While Crude Rates...
This week’s global tanker market witnessed a mixed performance across vessel classes. Clean tankers showed varied trends, with LR1s experiencing significant rate drops while...
Syria Signs 30-Year Port Deal With CMA CGM For Latakia Terminal...
Syria has signed a significant 30-year concession agreement with French shipping giant CMA CGM to upgrade and expand operations at Latakia Port, the country’s...
IMO’s Proposed GHG Regulations Inaction Not An Option For Shipping Industry
In an era of tightening climate regulations, the maritime sector faces a pivotal moment. A recent webinar hosted by Lloyd’s Register (LR) made it...
New Financing Guide Launched To Boost Wind-Powered Shipping Projects
To support the growing movement toward wind-powered maritime transport, a new publication titled “Practical Guide to Financing Wind-Powered Vessel Projects” was officially released on...
Carbonbid Initiative Targets Emissions Reduction In Rotterdam Port
The Port of Rotterdam Authority has launched Carbonbid, a pilot program aimed at accelerating emissions reductions in the Rotterdam port area through targeted financial...
Pilbara Ports Unveils New Ship WiFi Program to Enhance Seafarer Welfare
Pilbara Ports’ new Ship WiFi Support Program offers free data top-ups for onboard WiFi systems at the Port of Port Hedland.
The initiative...
Seaspan Taps SWS for Fleet Expansion with 6 Boxship Orders
CSSC Waigaoqiao Shipbuilding and Seaspan Corporation have entered into shipbuilding contract for six 10,000 teu containerships which are expected to take delivery in 2028,...