DP World Unifies Marine Services Under One Global Identity to Strengthen...

DP World announced that it is unifying its Marine Services businesses under a single global identity, marking a major step in its evolution into...

Everllence Confirms Successful Run of Ethanol-Fuelled Four-Stroke Engine

Everllence announced that its 21/31 dual-fuel four-stroke engine has successfully run on ethanol at its test facility in Frederikshavn, Denmark. The engine performed across...

Seasonal Correction Expected as Capesize Rates Face Pressure

Capesize spot rates near $40,000 remain above seasonal norms, with futures signaling a sharp correction ahead. Vale projects the seaborne iron ore...

US Container Imports Drop in November, But Still Strong Historically

US container imports fell 7.8% in November compared with last year, partly due to weak demand from China and one less shipping day. ...

CSM Launches “She Beyond” Initiative to Boost Women’s Representation at Sea

CSM has expanded its commitment to women in maritime with the launch of the “She Beyond” initiative, a programme created to strengthen support for...

Dongwon Group Reopens Review of Potential HMM Acquisition

A renewed study is under way to examine whether a new attempt to acquire HMM is possible. According to local reports, the conglomerate’s leadership...

Floating Storage Hits Three-Year High as Offshore Volumes Climb Across Tanker...

Floating storage climbed to its highest level in three years as offshore crude volumes grew quickly across VLCC, Suezmax and Aframax fleets. The latest...

Market Pulse Week 49 (2025): Freight Pressure Builds as Carrier Strategies...

ZIM’s position as an independent carrier is entering a critical six-month window. The potential sale of the company faces several complications. Its Israeli ownership...

China Unveils Breakthrough Desalination Facility Producing Ultra-Low-Cost Water and Green Hydrogen

China has introduced a cutting-edge seawater-desalination facility in Shandong that delivers fresh water at just two yuan per cubic metre while also generating green...

Asia Sees Zero Piracy Incidents This Week, But Vigilance Remains Key

Over the past week, 2-8 December, no incident of piracy or armed robbery against ships in Asia was reported to the ReCAAP ISC. ReCAAP Urges...