Union Maritime Launches First Wind-Assisted Vessel “Buran” to Lead Global Decarbonization...
Union Maritime has launched Buran, its first wind-assisted ship equipped with Norsepower Rotor Sails™, initiating Project AeroPower and aiming to build the world’s...
IMO Climate Talks Lack Ambition, but Global South Rises as Key...
The International Maritime Organization (IMO) concluded its recent meeting with a climate strategy outcome that was widely criticized as lacking ambition.
The proposed...
Panama Canal Reports Lower Vessel Transits in March Despite Lifted Restrictions
The Panama Canal Authority (ACP) reported in a bulletin that the average number of vessels transiting the waterway in March 2025 fell to 33.7...
Kongsberg Discovery Transforms Historic Ship for Ambitious One Ocean Expedition
Kongsberg Discovery has played a crucial role in transforming the 111-year-old, three-masted sailing ship Statsraad Lehmkuhl into a cutting-edge research vessel. This conversion was...
Capesize Weakens on Tariff Concerns, Panamax Faces Pressure
The Capesize market experienced a challenging week, facing headwinds from broader macroeconomic pressures, notably the escalating US-China tariff tensions, which significantly dampened market sentiment....
MEG LR2 Leads Tanker Market Downturn, Suezmax Bucks Trend with Rate...
This week has seen a gradual softening in the MEG (Middle East Gulf) LR2 (Long Range 2) tanker market. The TC1 index for 75,000-tonne...
MOL and Tokyo LNG Tanker Partner on Wind-Assisted LNG Carrier
Mitsui O.S.K. Lines, Ltd. (MOL) has announced an agreement with Tokyo LNG Tanker Co., Ltd. (TLT), a subsidiary of Tokyo Gas Co., Ltd., to...
Addressing the Evolving Stowaway Challenge for Ship Owners in Africa
Ship owners are strongly interested in preventing stowaways from boarding their vessels. Unfortunately, despite efforts to enhance port security, boarding vessels while they are...
U.S. Sanctions Target Iranian Oil Smuggling Network Led By UAE Shipping...
In a major enforcement move, the U.S. Department of the Treasury and the Department of State have imposed sweeping sanctions on a complex maritime...
Asuka III Delivered By Meyer Werft A New Era Of Energy-Efficient...
Marking a major step toward sustainable cruising, Meyer Werft officially handed over the Asuka III to NYK Cruises on April 10, 2025, following successful...
Yumeshima Container Terminal Launches AI-Powered Gate System To Streamline Cargo Operations...
In a significant boost to port logistics efficiency, Mitsubishi Logisnext Co., Ltd., a member of the Mitsubishi Heavy Industries Group, has launched a next-generation...
World Shipping Council Applauds Historic IMO Agreement On Shipping Decarbonization
The World Shipping Council (WSC) has hailed a groundbreaking agreement reached today at the International Maritime Organization (IMO) as a pivotal step toward global...
Pacific Environment Calls for Leadership During International Maritime Talks
As critical climate negotiations take place at the International Maritime Organization’s (IMO) MEPC 83 meeting in London, the U.S. government has withdrawn from discussions,...
NCFI Sees Mixed Trends in Key Trade Routes
The Ningbo Containerised Freight Index (NCFI) for April 11, 2025, reflects notable shifts in container freight rates across major trade routes, reports Baltic Exchange.
Compiled...
Lessons Learned: Tanker Strikes Naval Pier
NTSB has issued an investigation report into an incident where a tanker struck Naval Weapons Station Pier B on January 14, 2024, while transiting...
Baltic Exchange Highlights Green Innovation at Maritime Silk Road Forum
On March 25, 2025, Jin Yu Cheong, Head of Baltic Exchange Asia, delivered the welcome speech at the Maritime Silk Road Port Cooperation Forum...
Fincantieri & Accenture Launch Digital Joint Venture
Fincantieri and Accenture have announced the launch of Fincantieri Ingenium, a new joint venture aimed at accelerating digitalization in shipbuilding, defense, and port logistics....
U.S. Rethinks Port Fee Plan on Chinese Vessels Amid Industry Pushback
The U.S. is reconsidering proposed fees of up to $3 million per port call on Chinese-linked vessels after industry backlash.
Sectors like agriculture...
Nations Approve First Global Shipping Emissions Fee
The International Maritime Organization will impose a $100-per-ton fee on excess shipping emissions starting in 2027, marking the first global climate levy for...
World Shipping Council Backs U.S. Plan to Revitalize Shipbuilding
World Shipping Council Calls for Comprehensive Legislative Strategy.
Executive Order on Shipbuilding Seen as Positive Step for U.S. Maritime Industry.
WSC Warns Retroactive...
