LATEST ARTICLES

China Unveils Erhang Changqing, the Largest Pile-Driving Vessel Ever Built

On January 5, Shanghai Zhenhua Heavy Industries (ZPMC) delivered the Erhang Changqing, a new pile-driving vessel that is being hailed as the largest of...

Japanese Shipping Leaders Express Concern Over New U.S. Tariffs

This week, the Japan International Freight Forwarders Association (JIFFA) reported that the Japanese government has initiated discussions with key shipping industry leaders regarding the...

VLSFO Prices Surpass $550 as Bunker Market Continues Upward Trend

At the close of the 36th week, global bunker indices maintained a moderate upward trend. The MABUX 380 HSFO, VLSFO, and MGO indices all...

Panamax and Supramax Rates Fluctuate as Global Grain Flows Change

This week's analysis of global grain flows highlights significant shifts driven by ongoing U.S.–China trade tensions. Shifting Grain Trade Dynamics China's move to reduce its reliance...

GESCO Strengthens Market Position with Strategic Fleet Expansion

The Great Eastern Shipping Company Ltd. (GESCO) has acquired a Kamsarmax dry bulk carrier with a capacity of approximately 81,922 DWT. The vessel, built...

New AI System from Mythos AI to Revolutionize Maritime Navigation

In a significant development for marine technology, Mythos AI has installed its Advanced Pilot Assistance System (APAS) on the chemical tanker, CB Pacific. This...

Q2 2025 Container Shipping Profitability and Performance Overview

Q1 2025 combined EBIT for major shipping lines was USD 5.89 billion, remaining above pre-pandemic levels. Q2 2025 saw a decline in profitability...

South Korea’s POSCO Considers Strategic Entry into Shipping Through HMM Deal

POSCO is preparing to acquire a controlling stake in HMM, valued at around $5 billion, marking its re-entry into the shipping industry. The...

Understanding Extended Dry-Docking Under MGN 672 (M): Guidance for UK Vessels

MCA has formalized the Extended Dry-Docking (EDD) scheme, allowing qualifying vessels to dry-dock once in 7.5 years instead of twice in 5 years. ...

Lessons Learned: Cargo Damage from Condensation During Fumigation Voyage

This incident summary, based on a report from the Swedish Club, describes cargo damage caused by condensation during a voyage from Mexico to Southern...