Drewry: Global Freight Rates Dip 5% as Market Stabilizes
Drewry’s World Container Index decreased 3% to $2,517 per 40ft container this week.
Detailed assessment for Thursday, 24 Jul 2025
Drewry's World Container Index (WCI)...
Zara Founder Buys 49% Stake in PD Ports
Zara founder Amancio Ortega's investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management, reports Reuters,...
Houthi Attacks on Cargo Ships Deemed War Crimes
Human Rights Watch (HRW) has condemned a series of recent attacks by Yemen’s Houthi armed group on commercial cargo vessels in the Red Sea,...
DNV Grants GASA Certification to LNG-Fuelled CO2 Carrier
Classification society DNV has awarded a general approval for ship application (GASA) certificate to an LNG-powered CO2 carrier design jointly developed by four companies.
The...
Yang Ming’s Green Push Continues with New Imabari Trio
Taiwanese shipping firm Yang Ming Marine Transport Corporation has placed orders for three more methanol-ready container ships with Japanese shipyards, reports Lloyd’s List.
Fleet renewal...
[Podcast] How the World Failed to Contain the Houthi Threat
Lloyd’s List editor-in-chief Richard Meade brings you part two of the FSO Safer story, and asks why the world has continued to underestimate the...
Seafarers Trained for Fuel Transition with Live Drill and VR Tools
Singapore Seminar Prepares Seafarers for Alternative Fuel Challenges.
IMO and MPA Lead Hands-On Safety Training for Future Fuels.
Seafarers Trained on Methanol Fire...
U‑Ming Marine Transport Corporation Completes First B24 Biofuel Bunkering in Singapore
Asian Progress Becomes U-Ming’s First Ship to Use B24 Biofuel.
U-Ming Advances Net-Zero Goal with Biofuel Milestone.
U-Ming Adopts B24 Biofuel to Cut...
Tanker and Gas Carrier Insurance Costs Ease Slightly
Hull Insurance Discounts Offset P&I Hike.
Ship Insurance Costs Hold Steady Year-on-Year.
VLCC and Suezmax Insurance Premiums Dip Marginally.
The overall insurance costs for...
House Passes Coast Guard Authorization Act with Bipartisan Support
Coast Guard Bill Clears House with $25 Billion in Backing Through 2029.
Lawmakers Approve Major Funding Boost for U.S. Coast Guard.
House Backs...
Hanwha Ocean Secures Record Wage Deal Ahead of Summer Break
HD Hyundai Workers Reject Wage Proposal Amid Pay Dispute.
Hanwha Finalises Pay Talks, HD Hyundai Faces Setback.
Hanwha Agrees to Largest-Ever Wage Hike,...
Lessons Learned: Grounding Incident in Tidal River During Pilotage
This report summarizes a grounding incident involving a small cargo vessel navigating a tidal river. The information is based on a preliminary safety investigation...
HMM Expands Global Terminal Network with €35 Million Algeciras Investment
HMM is expanding its global terminal footprint to secure long-term access and enhance logistics capabilities, with a focus on new or bidding opportunities.
...
COSCO SHIPPING Unveils CHENG KANG KOU, Cutting Carbon Emissions by 27%
COSCO SHIPPING has marked a significant milestone in its fleet expansion and decarbonization efforts with the official naming of its newest RoRo vessel, CHENG...
New MOL Global Ship Management to Centralize Management of LNG Carriers,...
Mitsui O.S.K. Lines, Ltd. (MOL) has announced a significant strategic move to streamline and enhance its ship management operations by renaming its wholly-owned subsidiary...
Geopolitical Tensions Fuel Deliberate GPS Jamming and Spoofing, Threatening Ship Navigation
The integrity of Global Navigational Satellite Systems (GNSS) is increasingly under threat, posing significant and immediate dangers to maritime safety, especially in geopolitical conflict...
NYK Leads with Continuous Bio-LNG Use in Car Carrier Fleet
NYK Line has begun using bio-LNG fuel continuously on its LNG-powered car carriers, starting with the Daisy Leader and Sumire Leader.
Bio-LNG, produced...
The FSO Safer Story: How the World Gave the Houthis an...
The story of the FSO Safer is a complex and alarming tale that encapsulates geopolitical maneuvering, environmental risk, and the surprising ascent of the...
COSCO SHIPPING Launches the Methanol Dual-Fuel Container Vessel to its Fleet
COSCO SHIPPING Panama is the second methanol dual-fuel vessel in COSCO’s fleet
The ship has a capacity of 18,136 TEU and supports both...
MSC’s Unwavering Expansion: Billions Poured into New LNG Dual-Fuel Container Ships
Despite potential headwinds from increased US tariffs, Mediterranean Shipping Company (MSC), the world's largest container shipping company, continues its aggressive fleet expansion by placing...
