Cosco Reports Robust Q1 2025 Performance with Soaring Profits
Cosco Shipping Holdings reported an EBIT of $2.3 billion in Q1 2025, up 66% year-on-year.
Net profit is projected at $1.8 billion, marking...
Lloyd’s Register Approves GTT’s Mark III for NH3-Ready Status
Lloyd’s Register has granted Approval in Principle (AiP) to GTT for its ‘NH₃-Ready’ Mark III containment system.
The AiP covers LNG-fuelled vessels, LNG...
Port Of Los Angeles Sees Strong First Quarter With 5.2% Growth...
The Port of Los Angeles reported a solid first quarter, processing a total of 2,504,049 Twenty-Foot Equivalent Units (TEUs), marking a 5.2% increase over...
CMB.TECH And Fortescue Sign Landmark Deal For Ammonia-Powered Newcastlemax Vessel
CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) and global green energy company Fortescue have signed a pivotal agreement for the charter of a 210,000-deadweight...
ABS Honored With Dual Safety Awards From National Safety Council For...
The American Bureau of Shipping (ABS) has been recognized by the National Safety Council (NSC) with two prestigious safety awards, acknowledging its outstanding commitment...
IAPH Applauds IMO Agreement On Global Net-Zero Framework For Shipping
The International Association of Ports and Harbors (IAPH) has welcomed the landmark agreement reached last Friday at the United Nations’ International Maritime Organization (IMO),...
Global Market Slowdown Drives 26% Drop In Dry Bulk Newbuild Orders
Global economic uncertainty and a cooling shipping market have triggered a 26% year-on-year decline in newbuild orders for dry bulk vessels, according to Hongbeom...
Climate Change: Navigating the Rising Risks of Droughts & Flooding
Rising Risks from Climate Extremes: Droughts and flooding, intensified by climate change, are disrupting maritime operations and infrastructure globally.
Impact on Ports and...
OOCL Q1 Soars with Higher Volumes and Notable Revenue
Orient Overseas Container Line (OOCL), a subsidiary of COSCO Shipping Holdings, has announced impressive financial and operational results for the first quarter of 2025,...
American Club: Protecting Vessels and Cargo During Heavy Weather
The American Club has issued guidance on protecting vessels and cargo to prevent claims due to hazardous and heavy weather, reports Safety4sea.
What’s “heavy weather”...
DP World Mundra Hits 1.4M TEUs with 13% Surge
DP World Mundra achieved a 13% year-on-year increase in container throughput, handling 1.4 million TEUs in FY24-25.
In March 2025, the terminal set...
Piraeus Port Raises Waste Management Services Fee by 12.66%
Piraeus Port Authority S.A. (PPA SA) has announced the adjustment of fees and tariffs for the provision of ship-generated liquid waste management services, reports...
[Podcast] The MEPC Post-Mortem
In April 2025, the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) achieved a historic milestone by voting 63–16 in favor of implementing...
Seatransport and Deployable Energy Partner with LR on Nuclear Power for...
Nuclear Power to Fuel Amphibious Vessels for Remote Disaster Relief.
CMA CGM Expands with Nuclear Technology for Maritime Emergency Response.
Lloyd’s Register Leads...
CMA CGM Expands in Egypt with Stake in October Dry Port
CMA CGM Strengthens Egypt's Presence Through Strategic Dry Port Investment.
CMA CGM Partners in Egypt’s October Dry Port to Enhance Logistics Network.
New...
LNG and LPG Markets Face Downturn as Rates Drop
Sabine–Tokyo Route Defies Trend with Gains.
Long-Term LNG Charters Slide Slightly.
LPG Freight Rates Crash Following U.S. Tariffs.
The LNG market experienced mild weakening...
Major Fire Breaks Out on Cargo Vessel in North Kent
Ten Fire Engines Battle Early Morning Blaze in Gravesend.
Firefighters Tackle Large Vessel Fire in Gravesend.
No Injuries Reported After Cargo Vessel Fire...
Redelivery Breach Without Loss Yields Only Nominal Damages
Only Nominal Damages for Shipowners When MOAs Block Further Fixtures.
MOAs Preventing Re-Chartering Nullify Substantial Damages Claim.
Charterer Breach Without Owner Loss: Court...
Acting President Trump Orders Immediate Tariff Talks with S. Korea, Japan,...
Acting President Han Duck-soo confirmed that President Trump has directed his administration to begin immediate tariff talks with South Korea, Japan, and India.
...
Rise in Aframax Shipments to Far East
March 2025 Aframax Voyages to the Far East surged by 41.94% month-on-month, driven by geopolitical tensions and falling crude prices.
Q1 2025 Aframax...
