CMA CGM’s Flagging Decision Sparks Shipping Industry Interest

On April 28th, 2025, in Mumbai, France-based CMA CGM S A, the world's third-largest container shipping line, will reflag one of its container ships...

US Tariffs Expected to Reduce Global Container Throughput, Says Drewry

Maritime consultancy Drewry announced on Thursday, April 24th, 2025, that it anticipates a 1% decline in global container port volume as a direct consequence...

VLCC Rates Recover After Easter, Suezmax Gains Momentum in West Africa

This week saw a slight improvement in the Middle East Gulf (MEG) Long Range 2 (LR2) tanker market. The TC1 index for 75,000-tonne cargoes...

Shipyards Undergo Major Green Upgrades Led by Atal Solutions   

The shipping industry's significant environmental impact, ranking it as the sixth-largest polluter globally, is being directly addressed by a substantial $123.7 million retrofitting project...

Port of Manzanillo Undergoes Major Expansion Amidst US Trade Policy Uncertainty

A substantial expansion project is underway at Mexico's largest seaport, the Port of Manzanillo, as Mexican authorities express confidence in positive economic growth and...

Ulsan Port Sets Sights on Becoming Northeast Asia’s Leading Biofuel Supply...

In a significant move aimed at advancing the decarbonization of maritime logistics, Jae-young Byeon, President of the Ulsan Port Authority (UPA), and Sun-bae Hong,...

Fourth Enclosed Space Entry Joint Workshop Held

The Fourth Enclosed Space Entry Workshop in March 2025 focused on reducing fatalities in enclosed space incidents. It highlighted the need for more...

Med and Red Sea ECA Compliance Guide

New emission and discharge rules will apply to the Mediterranean, Red Sea, and Gulf of Aden in 2025. Mediterranean SOx ECA takes effect...

Atlantic LNG Rates Surge While Pacific Market Stalls, LPG Stabilizes After...

The LNG market saw a strong recovery in the Atlantic basin, while Pacific rates remained mixed, with larger vessels facing continued pressure. Atlantic...

Ningbo Shipping Exchange Reports Weekly Decline in Container Freight Rates

The Ningbo-Europe route saw the sharpest weekly decline, falling by 5.19% compared to the previous week. All major routes, including the West Mediterranean,...