Sweden Tightens Insurance Checks Amid Russia Concerns
Sweden will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia's so-called "shadow fleet ” of...
Ukraine Seeks €500 Million For Urgent Port Infrastructure Rebuild Amid War...
Ukraine requires an initial €500 million ($566 million) to rebuild key infrastructure at its Black Sea ports, heavily damaged by ongoing Russian missile and...
HD Hyundai Secures Defense Cost Management System Certification
HD Hyundai Heavy Industries (HHI) announced that it has obtained certification for its defense cost management system.
This certification underscores HHI's commitment to...
[Watch] Rise of the Smart Container: Shipping’s Digital Revolution
In a world where 90% of consumer goods travel across oceans in steel boxes, the humble shipping container has become one of the most...
Trump Tariffs Add Pressure To Global Steel Prices And Indian Subcontinent...
The recent U.S. announcement of tariffs on steel imports is poised to exert downward pressure on global steel prices and further weaken ship recycling...
Royal Bodewes, CLI Launch Next-Gen Green Vessel for Transatlantic Trade
On May 28, 2025, Royal Bodewes announced a significant advancement in sustainable maritime transport by signing a contract with CLI AG (CLI) for the...
Wan Hai Lines Names “WAN HAI A19” At Samsung Geoje Shipyard,...
Wan Hai Lines held a naming ceremony for its new containership, WAN HAI A19, on 29th May at Samsung Heavy Industries’ Geoje shipyard in...
IMO Issues Interim Guidance on Biofuel Blends
Following extensive efforts by IBIA to highlight the issue of the carriage of greater than B25 biofuels by MARPOL Annex I certified bunker vessels,...
Port Arthur LNG Phase 2 Secures Key DOE Export Permit For...
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), announced that its Port Arthur LNG Phase 2 project has received a crucial permit from the...
Shipping Industry Posts $5.9b EBIT in Q1 2025 Amid Market Uncertainty
Despite ongoing geopolitical challenges and market volatility, the global container shipping industry reported a combined Earnings Before Interest and Taxes (EBIT) of USD 5.9...
UN Security Council Extends Libya Arms Embargo Vessel
The United Nations Security Council has extended the authorization allowing member states to inspect vessels suspected of violating the Libya arms embargo. The measure,...
South Korea Updates Electric Vessel Standards
Revised “Electric Propulsion Vessel Standards” become effective 29 May 2025, introducing requirements for fuel-cell–powered ships, core system redundancy, and enhanced fire safety in...
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Canary...
Moeve will deliver approximately 40,000 tons of second-generation marine biofuels to a Canary Islands ferry operator by the end of 2025, with an...
Six Newbuild Tankers to Feature Wind Propulsion Technology as Part of...
A leading wind propulsion company has signed a deal to deliver six rotor sails for newly commissioned tankers from a European shipping group.
...
SGS FastRig Demonstrates Fuel Savings and Operational Advantages in Sea Trials
Smart Green Shipping (SGS) has announced the successful completion of sea trials for its innovative FastRig wind-assisted propulsion system, confirming its practical advantages for...
US Eyes Expanded Tech Sanctions to Close Loopholes for Chinese Firms
On Friday, May 30, 2025, major stock averages, including the S&P 500, experienced a downturn, falling 1%, in response to reports that the United...
Panamax Market Faces Another Challenging Week with Persistent Softening
The Capesize dry bulk market showed significant momentum this week, recovering from a slow start primarily attributed to Monday's UK bank holiday, reports Baltic...
VLCC Rates Plummet Across Global Routes, Weakening Tanker Market Sentiment
The LR2 tanker market in the Middle East Gulf (MEG) experienced a downward correction over the past few days, after peaking at the end...
A New Course for Green Shipping: Italy Pioneers Unified LNG and...
In a significant stride towards maritime decarbonization, Italy has become the first European Union country to issue unified Ship-to-Ship (STS) bunkering guidelines for both...
Isle of Man Ship Registry Issues Revised Shipping Notice on Fire...
The Isle of Man Ship Registry has recently issued a new shipping notice, specifically Manx Shipping Notice (MSN) 057 (Revised 05/2025), which outlines the...