Baltic Gas Index Soars Amid Rising Charter Demand

The Baltic Exchange’s week 44 “Gas Report” highlights a pronounced uptick in LNG freight rates—driven by scarce tonnage and rising Pacific demand—while the LPG...

India Unveils World’s First Indigenous Marine Engine Monitoring Technology

In a landmark advancement for India’s maritime industry, the Indian Register of Shipping (IRS) and Neptunus Power Plant Services Pvt Ltd have unveiled the...

Lessons Learned: Main Engine Gets Damaged Due to Broken LO Filter

The Swedish Club has issued its latest Monthly Safety Scenario for October, presenting an incident of extensive main engine damage due to broken lube...

Trump Approves Nuclear Submarine Project Amid Rising Tensions

U.S. President Donald Trump announced that he has approved South Korea to build a nuclear-powered submarine, a move that could significantly alter the regional...

Mediterranean Routes Lead Freight Rate Rally as NCFI Surges Sharply

Freight rates on major routes from Ningbo rose sharply this week, driven by a rebound in cargo volumes and improving demand across European and...

World’s Largest Cargo Sailboat Finishes First Atlantic Crossing

Storm in North Atlantic Tests World’s Largest Cargo Sailboat Neoline CEO Says Voyage Proves Vessel’s Resilience Wind-Powered Design Aims to Cut Emissions by...

Tentative Calm Returns to Global Ocean Freight Markets

US–China Port Fee Truce Eases Trade Tensions. Carriers Withdraw 10% of Sailings to Manage Capacity. October Cancellations Surge but November Outlook Improves. After months...

Maersk Strengthens India Presence with $2B Port Expansion and Local Partnerships

Maersk, a global integrated logistics company, announced a series of strategic initiatives reinforcing its long-term commitment to India's maritime sector during India Maritime Week...

BIMCO Outlook: Dry Bulk Market Nears Balance Before Potential Weakening Phase

According to BIMCO, the global dry bulk sector is set to reach a near equilibrium between fleet supply and demand in the short term...

HD Hyundai Unveils AI-Powered Future of Shipbuilding at APEC 2025

HD Hyundai opened APEC 2025 Korea by presenting a blueprint for the future of shipbuilding in collaboration with global leaders. HD Hyundai Pushes AI Innovation...