Drewry WCI Declines as US Demand Weakens and Rate Volatility Looms

Container Rates Drop for Third Week as Imports Slow. Transpacific Freight Rates Decline Sharply, Says Drewry. Shanghai to US Spot Rates Fall Despite...

HMM to Expand Algeciras Terminal with €150 Million Investment

HMM Launches Major Expansion of Spanish Terminal TTIA. HMM and CMA CGM Back €150 Million Algeciras Terminal Upgrade. TTIA Expansion to Boost Capacity...

Germany and Sweden Target Shadow Fleet with New Baltic Rule

New Tanker Insurance Rule Hits Russian Shadow Fleet in the Baltic. Baltic Crackdown Begins as Germany and Sweden Demand Tanker Insurance Proof. Fehmarn...

Oil Drilling Vessel Incident in Gulf of Suez Prompts Rescue Response...

An oil-drilling ship capsized near Ras Ghareb in the Gulf of Suez, resulting in at least four confirmed deaths and four crew members...

Lessons Learned: Crew Injury During Mooring Due to Vessel Movement and...

The UK Marine Accident Investigation Branch (MAIB), through Safety Digest 1/2025, shared insights from recent marine incidents. The International Marine Contractors Association (IMCA) has...

Global Bunker Fuel Market to Hit $280 Billion as Low Sulfur...

The global marine bunker oil market is projected to grow from $151.0 billion in 2023 to $280.7 billion by 2033, driven by the...

COSCO Joins Global Carriers in Deploying Methanol Mainliners for Cleaner Operations

COSCO has deployed its first methanol-powered mainline vessel, joining Maersk, HMM, and CMA CGM in adopting alternative fuels. The shift marks a broader...

HII and C3 AI Forge Strategic Alliance to Accelerate AI-Driven Shipbuilding...

HII and C3 AI partner to integrate artificial intelligence across shipbuilding operations at Newport News and Ingalls divisions. The collaboration aims to boost...

$17.5 B LNG Project Awards Dredging Contract to U.S. Giant

Great Lakes Dredge & Dock Corporation (GLDC) has been awarded the dredging contract for the Louisiana LNG project operated by Woodside Energy. The...

US Sanctions Relief Paves Way for Syria to Revitalize oil Trade...

In a significant shift in its foreign policy, the United States has removed Syria's oil ministry, its two refineries (Homs and Banias), and its...