Suez Canal Transits Stay Low Due to Red Sea Security Risks
Only 647 container ships crossed the Suez Canal between January and April 2025, well below pre-crisis monthly averages.
70.6% of vessels transiting were...
NORDEN Raises Profit Guidance on Strong Vessel Sales
Norden upgrades its full-year 2025 profit guidance to USD 50-130 million and predicts nearly USD 45 million exclusively from the sales of vessels.
...
SDARI Expands its OCTOPUS Series with Two Heavy-Lift Vessels
As part of designing and developing the vessels under the OCTOPUS series, CSSC’s subsidiary delivered two multi-purpose heavy-lift vessels.
OCTOPUS product line wraps...
Swire Targets Pacific Islands with Giant Green Leap
Swire Shipping made a voluntary decision to adopt biofuel-powered shipping
Collaboration with Argent Energy and BP for sustainability and exploration
Added launch of...
India Achieves All-Time High Record in Inland Waterway Cargo
145.5 Million Metric Tonnes (MMT) Cargo Movement on inland waterways in FY 2024–25 with a compound annual growth rate of 20.86%.
National Waterways...
Wattlab Launches Plug-and-play Solar Power Solution
Wattlab, the Netherlands-based maritime solar specialist, is proud to introduce its SolarDeck to the seagoing shipping industry.
SolarDeck is a modular and scalable...
K Shipbuilding Wins Contract for Pair of 50,000 DWT MR Tankers
Dry bulk shipowner SteelShips has returned to South Korea’s medium-sized shipyard K Shipbuilding to order two 50,000 DWT MR product tankers, which are expected...
Explosion Rocks Vessel Carrying Aid to Gaza Off Malta Coast
Explosion hits aid vessel off Malta, fire breaks out at sea.
All crew and passengers are safe after the mayday and firefighting response.
...
ABS Highlights Smart Fuel Decisions for New Vessels
ABS releases detailed guide for dual-fuel propulsion in newbuild vessels.
Report covers LNG, methanol, and ammonia-based fuel combinations.
ABS highlights key factors for...
Blank Sailings Surge Amid Ongoing Container Market Volatility
68 sailings cancelled across major East–West trade lanes between weeks 19 and 23, reflecting a 10% cancellation rate out of 698 scheduled.
Most...