NYK and Hong Kong Police Hold Counterterrorism Drill

Counterterrorism Exercise Held on NYK Daniella. NYK Teams Up with Hong Kong Police for Maritime Security Drill. Joint Drill Strengthens Shipboard Security Readiness. On...

Caribbean Wins U.S. Tariff Exemption on Chinese-Built Ships

Regional Trade Secured as U.S. Grants Key Shipping Exemptions. Caribbean Leaders Achieve Major Shipping Policy Breakthrough. U.S. Confirms Tariff Relief for Caribbean Shipping...

Tariffs on China Stir Ship Recycling Markets

Despite a brief weekly recovery, the dry bulk market has dropped significantly by 24% this month, while oil prices have risen over 3%...

Weekly Tanker Market Update: April 2025

Oil prices have plummeted to $64 per barrel, driven by trade tensions and OPEC+ output decisions, raising uncertainty across global markets. Tanker demand...

CMA CGM Receives First Upgraded ‘Jacques Saadé’ Megamax Ship, SEINE

CSSC Hudong Zhonghua has delivered the CMA CGM SEINE, the first of four upgraded 23,872 TEU LNG-fueled Megamax vessels ordered by CMA CGM. ...

LNG-Powered Capesize Bulker Verde Heraldo Delivered for JFE Steel Supply

Mitsui O.S.K. Lines (MOL) has delivered a new LNG-fueled Capesize bulker, Verde Heraldo, built for JFE Steel Corporation. The vessel will operate under...

U.S. to Impose 100% Tariffs on Chinese Port Cranes Over Security...

The United States plans to impose tariffs of up to 100% on ship-to-shore cranes and cargo equipment made in China or containing Chinese...

U.S. Accuses Chinese Satellite Firm Of Aiding Houthi Attacks

The U.S. State Department has recently accused Chang Guang Satellite Technology, a Chinese firm linked to China's military, of providing satellite imagery to Iran-backed...

Regulatory Changes and Economic Climate Curb Tanker Sales Activity in Early...

The tanker sales market experienced a notable downturn in activity during the first quarter of 2025, according to Xclusiv Shipbrokers. The total number of...

US Port Fees on Chinese Ships Raise Downturn Concerns in Shipping...

The United States' decision to impose port fees on Chinese shipping companies and vessels built in China has indeed sparked concerns within the shipping...