Suspects Blame Technical Faults for Baltic Sea Cable Breaches
Prosecutors say the tanker deliberately dragged its anchor along the seabed to sever five undersea cables.
Finnish prosecutors are seeking 2.5 years in...
Mixed Trends in July 2025 Cargo Movement Across Pilbara Ports
Pilbara Ports handled 64.4 Mt in July 2025, up 8% from July 2024.
Port of Port Hedland achieved 46.9 Mt throughput, including 46.6...
Drydocks World Wins EPC Contract for World’s Largest FLNG Facility Off...
Drydocks World, a DP World company, has been awarded an EPC contract by AMIGO LNG for the world’s largest FLNG facility.
The project...
Global Tanker Market Adapts to Shifting Trade and Energy Demand
Tanker market patterns are shifting due to new refining hubs, regulatory changes, and evolving energy demand.
Crude oil flows remain strong, with Asia...
Container Shipping Financial Insight: Fleet Growth Slows as Rates Diverge Across...
Major carriers reported mixed 2Q25 results, with Maersk, Hapag-Lloyd, and RCL showing revenue gains while others, including OOIL and Yang Ming Marine, saw...
Global Idle Fleet Stays Low Despite Rate Decline, Alphaliner Reports
Idle fleet remains at just 0.5% of the global 32.5 MTEU liner capacity.
Increase of only 28,000 TEU in idle vessels, largely due...
New Russian Port Rules Disrupt Grain Exports
New Russian restrictions on foreign vessels, particularly at the port of Kavkaz, have sharply disrupted grain exports, with August shipments plunging to 350,000...
GMF Issues Guidelines for Fair Appraisals and Equal Opportunities at Sea
Seven Criteria Framework for Tasks, Training, and Appraisals.
Role Definition by Rank to Ensure Clarity Onboard.
Tailored Training Programs to Support Career Growth.
The...
HD KSOE Secures Doosan Vina Acquisition for ₩290 Billion
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), part of HD Hyundai, has signed a ₩290 billion ($207 million) deal to acquire Doosan...
Container Freight Rates Slide While Chemical Tanker Market Holds Steady
Container shipping rates from East Asia and China to the U.S. continue to decline, with West Coast rates nearing pre-Red Sea crisis levels,...
Hafnia Seeks China-Free Assurance as US Port Fees Rise
US Fees on China-Linked Ships to Exceed $8.5 Million by April 2026.
Non-Chinese Owners of China-Built Ships Granted Exemptions at US Ports.
Hafnia...
US Targets Greek Shipbroker, Firms, and Tankers Over Iran Trade
The U.S. has imposed sanctions on Greek shipbroker Antonios Margaritis, his companies, and nearly a dozen vessels linked to Iranian oil exports, intensifying...
OOCL Cautions on US Port Charges, Market Uncertainty
OOIL reported a net profit of $954 million in H1 2025, up from $833 million in the same period last year, with revenues...
Caspian Sea Decline Hits Oil Trade and Threatens Wildlife
Water Level Down Nearly 1 Metre in Five Years.
Azerbaijan and Russia Disagree on Causes.
Baku Port Struggles With Ship Access and Rising...
Dry Bulk Gains and Newbuilding Orders Collapse in 2025
Capesize earnings at $23,000/day, Kamsarmax $15,500/day.
Japanese-built ships command $5–6m premium over Chinese units.
Feeder vessel charter rates hold firm despite boxship corrections.
The...
Port of South Louisiana Seeks Bids for E-Methanol Fueling Barge
Barge to have five main cargo pairs with loading capacity of 6,000 BBL/hr.
Discharge capacity set at 1,000 gpm for single vessel operations.
...
Korea Launches Support for LNG Ship Cargo Hold Technology to Enhance...
South Korea is the world's leading shipbuilder, with over 50% of its domestic shipbuilding revenue coming from LNG carriers. However, the core technology for...
Syrian Port Calls Jump 338% in July, Driven by New Open...
Syrian ports have seen a massive increase in traceable vessel calls, quadrupling after the US and EU lifted sanctions earlier this year. According to...
Panamax Market Surges in Atlantic Amid Tight Tonnage, While Capesize Rates...
The dry bulk shipping market experienced a mixed week. While the Capesize sector saw some weakness, the Panamax market, particularly in the Atlantic, showed...
After a Downward Turn, VLCC and Suezmax Rates Find Renewed Strength...
LR2 freight in the MEG continued to track downward this week. The TC1 75kt MEG/Japan index dropped from WS143.06 to WS137.5. A TC20 90kt...
