Suez Canal Transits Stay Low Due to Red Sea Security Risks
Only 647 container ships crossed the Suez Canal between January and April 2025, well below pre-crisis monthly averages.
70.6% of vessels transiting were...
NORDEN Raises Profit Guidance on Strong Vessel Sales
Norden upgrades its full-year 2025 profit guidance to USD 50-130 million and predicts nearly USD 45 million exclusively from the sales of vessels.
...
CSSC Subsidiary Delivers Two OCTOPUS 62 Multi-Purpose Vessels
As part of designing and developing the vessels under the OCTOPUS series, CSSC’s subsidiary delivered two multi-purpose heavy-lift vessels.
OCTOPUS product line wraps...
Swire Targets Pacific Islands with Giant Green Leap
Swire Shipping made a voluntary decision to adopt biofuel-powered shipping
Collaboration with Argent Energy and BP for sustainability and exploration
Added launch of...
India Achieves All-Time High Record in Inland Waterway Cargo
145.5 Million Metric Tonnes (MMT) Cargo Movement on inland waterways in FY 2024–25 with a compound annual growth rate of 20.86%.
National Waterways...
Wattlab Launches Plug-and-play Solar Power Solution
Wattlab, the Netherlands-based maritime solar specialist, is proud to introduce its SolarDeck to the seagoing shipping industry.
SolarDeck is a modular and scalable...
K Shipbuilding Wins Contract for Pair of 50,000 DWT MR Tankers
Dry bulk shipowner SteelShips has returned to South Korea’s medium-sized shipyard K Shipbuilding to order two 50,000 DWT MR product tankers, which are expected...
Explosion Rocks Vessel Carrying Aid to Gaza Off Malta Coast
Explosion hits aid vessel off Malta, fire breaks out at sea.
All crew and passengers are safe after the mayday and firefighting response.
...
ABS Highlights Smart Fuel Decisions for New Vessels
ABS releases detailed guide for dual-fuel propulsion in newbuild vessels.
Report covers LNG, methanol, and ammonia-based fuel combinations.
ABS highlights key factors for...
Blank Sailings Surge Amid Ongoing Container Market Volatility
68 sailings cancelled across major East–West trade lanes between weeks 19 and 23, reflecting a 10% cancellation rate out of 698 scheduled.
Most...
Financial Assurance and Penalties Outlined in Guyana’s New Oil Spill Bill
Guyana's burgeoning oil and gas sector. The government has indeed presented an oil pollution bill to its Parliament, with the explicit aim of holding...
Orient Overseas to Add 14 Vessels to Fleet by 2029 in...
On April 29th, 2025, Hong Kong-listed Orient Overseas (International) (0316.HK) announced that its subsidiaries have placed orders for the construction of a significant number...
Trade Route Adjustments and Supply Chain Issues Plague Tank Containers Post-Tariffs
The introduction of "reciprocal tariffs" by the Trump administration in April 2025 has had a significant and far-reaching impact on international trade and transport,...
Asia Container Market Heats Up: Drewry’s IACI Shows Significant Gains
Drewry's Intra-Asia Container Index (IACI), which tracks the average spot freight rates for containers within Asia, saw a 6% increase over the two weeks...
Gulf Coast Ports Report Increased Cargo Volumes in March After February...
Houston and New Orleans saw increased volumes of container and breakbulk cargo in March, while Corpus Christi, Texas, continued to experience strong demand for...
Molgas Energy Completes Landmark Bio-LNG Bunkering Operation in Spain
Molgas Energy Group's successful completion of its first bio-LNG bunkering operation in Spain is a significant step forward in the country's efforts to decarbonize...
Leveraging Port Congestion Insights to Reduce Emissions
StormGeo collaborates with Awake.AI to integrate AI-driven port call analytics into its voyage optimization services, enhancing ETA predictions and reducing port congestion.
The...
Europe’s First Offshore CO₂ Carrier Marks Key Milestone for Greensand and...
Europe’s first dedicated offshore CO₂ carrier, built in the Netherlands, enters final construction phase as part of Project Greensand.
The vessel will transport...
USTR Confronts Transpacific Niche Carriers
Only 2 vessels operated by Transpacific niche carriers in Q1 2025 would be affected by the new USTR fee targeting Chinese-built ships.
Matson...
Coast Guard Uncovers Major Hazmat Violations in New York Port Inspections
Coast Guard spot checks revealed a 60% hazardous material compliance failure rate in New York and New Jersey port warehouses.
The effort builds...
