24/2025 Upcoming Amendments to IAMSAR Manual

Under SOLAS regulation V/21, all ships are required to carry an up-to-date copy of the International Aeronautical and Maritime Search and Rescue (IAMSAR) Manual...

Why It is Time to Scrap the Oil Price Cap

Russia’s oil may be ‘off the market’, according to UK politicians under pressure to tighten the screws on Moscow, but the shipping industry is...

Hapag-Lloyd Commits to 22 New Small Ships as Market Volatility Persists

Volatile Market Driven by Tariffs and Geopolitical Risks. Group Revenue Rises 2.1% to €14.4 Billion. Earnings Forecast Narrowed for Full Year. The company has...

Hong Kong Sets Course for Sustainable Growth in Global Maritime Industry

Hong Kong Ranked Fourth Globally in the Shipping Index. Maritime Cluster Expands With New Service Launch. Tax Concessions Aim to Boost High-Value Maritime...

Asia–US Container Rates Slide as Capacity Expands

Market Sentiment Supports US West Coast Spot Rates. Freight Forwarder Discounts Narrow Further. Drewry and SCFI Signal Softer Container Pricing. Container rates from Asia...

Iran Confirms Seizure of Oil Tanker in Gulf of Oman

IRGC Says Cargo Confiscated Under Judicial Order. Iranian Media Claims Illicit Petrochemical Transfer. US Central Command Calls Seizure a Violation of International Law. Iran...

Fujairah Bunker Market Sees Continued Decline in October

Singapore Bunker Demand Eases Year on Year. 180 CST VLSFO Drops Sharply but Gains Month on Month. 380 CST VLSFO Slightly Lower on...

Amogy and Samsung Heavy Industries Sign Multi-Year Deal to Manufacture Ammonia-to-Power...

Amogy, a provider of scalable and efficient ammonia-to-power solutions, and Samsung Heavy Industries (SHI) today announced a multi-year strategic contract manufacturing partnership for the...

MPCC Secures Third Newbuild Deal of 2025 With Order for Four...

Order at Jiangsu Hantong Ship Heavy Industry is third shipbuilding contract signed by the Oslo-listed owner this year. MPCC Orders Four New 4,500 TEU Boxships MPC...

Winter Ice Disrupts Shipments as Arctic LNG 2 Slashes Production

Russia’s sanctioned Arctic LNG 2 plant has started curbing gas production after reaching records in October, as the buildup of winter ice makes exports...