Baltimore Channel Reopens After Fiery Ship Blast and Debris Recovery

On the evening of August 18, an explosion occurred aboard a vessel departing the Baltimore harbor, sending flames and thick black smoke into the...

Shipping Surge a Mirage as U.S. Import Collapse Looms

Recent data showing a year-over-year increase in U.S. container imports during July has raised hopes of a recovery in the shipping sector. However, the...

Shadow Tankers Navigate Sanctions to Keep Oil Flowing

Growing pool of tankers serving West’s geopolitical rivals. Profit-chasing magnates operate ‘state-tolerated’ flexible fleet. Old, uninsured tankers threaten marine environments. Russia, Iran and Venezuela...

Crew Safe After Bulk Carrier Hits Explosive Device Off Chornomorsk

A civilian bulk carrier sustained minor damage after an incident involving an explosive device near a major Ukrainian seaport. The crew was reported to...

New-Generation Chemical Tanker Under Construction at Wuchang Shipbuilding

On August 29, Wuchang Shipbuilding Industry Group (WS) began construction on a new 25,900 DWT stainless steel chemical tanker for SC Shipping. This vessel...

Container Spot Rates Face Downward Pressure as Demand Softens

Container spot freight rates are currently experiencing declines on major East-West trades due to a combination of weak demand and excess supply. However, there...

A Closer Look at the Tech Driving Autonomous Shipping

The maritime industry is undergoing a significant transformation with the rise of autonomous shipping. The provided text offers a comprehensive overview of this evolution,...

Furetank Pioneers Sustainable Shipping with Biomethane and a New Venture

Furetank has announced a major agreement for mass-balanced biomethane, which will allow for a swift transition to renewable operations for its EU-based fleet. This...

Port of Gothenburg Posts Strong H1 Growth

The Port of Gothenburg saw continued positive growth in the first half of the year, particularly in its container handling and rail transport. Efficiency...

Geo Energy to Buy Majority Stakes in Two Indonesian Shipping Firms...

51% stakes targeted in Trans Maritim Pratama and Bahari Segara Maritim Acquisition to diversify revenue into logistics and infrastructure Companies bring a decade...