China-US Shipping ‘Going to Explode’ for 90 Days

Washington and Beijing reached a 90-day tariff truce, reducing additional tariffs from 145% to 30%, offering short-term relief to exporters. The deal was...

Massive Vessel Collides with NY Brooklyn Bridge

A tall training vessel collided with the Brooklyn Bridge on Saturday night, resulting in two fatalities and 19 injuries, including two in critical...

Potential Impact of Red Sea Route Resumption on European Refining Margins

Red Sea traffic revival could shave two weeks off voyages, cut freight costs, and bring an estimated 24 million barrels of Middle Eastern fuel...

Evergreen Marine Reports Strong Start to 2025 with Profit and Volume...

Evergreen Marine Corporation’s revenue in Q1 2025 increased by 23% year-on-year to 3.3 billion Dollars. Operating profit and net profit surged by 88%...

Alternative Fuels in Shipping – Britannia P&I’s Watch Report, April 2025

Britannia P&I provides an update on key alternative maritime fuels highlighting recent technological and regulatory developments. Biofuels like FAME and HVO are gaining...

Denmark Launches World’s First Remote Pilotage Test Program

Denmark has launched the world’s first remote pilotage test program allowing pilots to guide ships from land using real-time data. The system reduces...

Port Of Hamburg Sees Strong Growth In Q1 2025 Amid Regional...

The Port of Hamburg, one of Europe’s largest and busiest ports, posted a strong performance in the first quarter of 2025. Against the backdrop...

Crude Tanker Market Weekly Report LR Segments Soar, MR Atlantic Hits...

The clean and crude tanker markets experienced contrasting dynamics this week. LR segments surged in the Middle East, buoyed by improved demand, while MRs...

Unsafe Vessel Access Leads to Contractor Falling Overboard

Unsafe boarding leads to a contractor falling overboard. Lack of safe access causes a near-drowning incident on the vessel. Investigation finds missing safe...

A.P. Moller Holding Finalizes Majority Acquisition of Svitzer

Svitzer is now 93.4% owned by A.P. Moller Holding. Svitzer to remain independent under current leadership. A.P. Moller Holding plans compulsory acquisition of...

US-China Tariff Deal Sparks Liner Market Optimism

Temporary tariff cuts boost transpacific shipping demand. Shippers rush imports ahead of tariff rollback deadline. Suspended liner services are expected to resume soon. The...

CPC Crude Exports Shift Toward Suezmax Dominance

Kazakhstan Output Boost Drives Larger Tanker Use. Asian Demand Reshapes CPC Shipping Strategy. Suezmax Utilisation Hits 4-Year High at CPC Terminal. During the first...

China Becomes Top Buyer of Canadian Oil via TMX

Canadian Oil Exports to China Surge After TMX Expansion. U.S. Trade War Drives Shift in Crude Flow Patterns. TMX Opens Pacific Route for...

CMA CGM to Restructure Fleet to Bypass U.S. Fees

Less Than Half of CMA CGM Ships Built in China. Chinese-Built Vessels Face Highest U.S. Port Charges. Trump Praised CMA CGM’s $20 Billion...

Dry Bulk Market Weekly Report Capesize Strengthens, Panamax And Supramax Struggle

The dry bulk shipping market displayed a mixed performance this week, with Capesize rates recovering strongly, while Panamax and Supramax/Ultramax segments remained under pressure...

Black Sea MoU Report Highlights Rising Safety Concerns Amid Conflict

The Black Sea Memorandum of Understanding (BS MoU) on Port State Control (PSC) has released its 2024 annual report, reflecting the significant impact of...

DEME Acquires 50% Stake In Bauer Offshore Technologies To Strengthen Offshore

In a strategic move to enhance its offshore energy portfolio, DEME Offshore Holding NV, a subsidiary of DEME Group NV, has acquired a 50%...

Shanghai Builds World-Class Automated Terminal At Xiaoyangshan Island

In a strategic move to address shoreline scarcity and boost operational efficiency, Shanghai is transforming the north area of Xiaoyangshan Island into its largest...

Germany to Begin Domestic Ship Recycling with First Authorized Facility

EWD Benli Recycling GmbH became the first German company authorized to recycle seagoing vessels domestically. This milestone marks a new chapter for the...

Week 20 Bunker & Energy Update: MABUX Gains, Gas Storage Up,...

Bunker indices surged in Week 20, with 380 HSFO up $20.50, VLSFO up $21.40, and MGO LS up $22.25 per MT. European gas storage reached 43.1%...