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...
Turkey Cuts All Trade and Transport Ties With Israel Over Gaza...
Planes carrying weapons to Israel are banned from Turkish airspace.
Restrictions apply to Israeli government and military flights, not commercial aircraft.
Turkish ports...
FBX Rates Slip on All Key Far East Routes as USTR...
US West Coast route edges down to $1,728/FEU.
US East Coast rates ease to $2,703/FEU.
North Europe route drops $107 to $2,846/FEU.
The container...
LNG and LPG Markets Weaken on Limited Demand and Softer Sentiment
Long-haul LNG rates ease as demand fails to support levels.
Period LNG market declines across all terms.
The Middle East LPG route falls...