Yangzijiang Shipbuilding Cancels US$180m Tanker Contracts Over Sanctions Concerns
Yangzijiang Shipbuilding subsidiaries canceled contracts for four 50,000 DWT MR oil tankers worth about US$180 million.
The termination followed disclosures linking the buyer’s...
Gard Explains Scope and Impact of Panama Canal’s Disruption Tariff
The Panama Canal Authority introduced a “Disruption Charge” in January 2023, with penalties reaching up to USD 250,000.
Charges apply to vessels with...
U.S. Port Fee Spurs Shift in China-Built Vessel Deployment
Carriers are adjusting vessel deployment ahead of the U.S. port fee on China-built and China-operated ships.
On the Asia–North America west coast trade,...
Missile Attack in Gulf of Aden Marks Major Geographical Escalation
The missile attack on a commercial vessel in the Gulf of Aden marks a major escalation of the maritime threats in the region, extending...
Red Sea Attacks Cause $9 Billion Suez Canal Revenue Drop
The $9 billion revenue drop in the Suez Canal over the past two years, as cited by Egyptian President Abdel-Fattah al-Sisi, is primarily attributed...
MOL Stresses Rules-Based Order to Manage Geopolitical Risk
Mitsui O.S.K. Lines, Ltd. (MOL) played a high-profile role as the only Japanese shipping company to sponsor LISW2025 and participate in an official session...
ICCT Modeling Confirms Biofuels As Cost-Effective Compliance Pathway
The International Council on Clean Transportation (ICCT) has published a research estimating the maximum potential vegetable oil demand for international shipping under the International...
LNG Carrier CoolCo Accepts Majority Shareholder Buyout Offer
The Board of Directors of CoolCo has approved a definitive agreement for a merger with EPS Ventures Ltd., CoolCo's majority shareholder, in an all-cash...
EU and National Funds Secure $680 Million for Greek Port Upgrades
Greece has confirmed a $680 million investment plan to modernize its port infrastructure, with a priority on upgrading facilities across the Greek islands.
Port Modernization...
Record Cargo Growth At The Port Of Vancouver In First Half...
The Vancouver Fraser Port Authority has reported a historic surge in cargo movement during the first six months of 2025. Handling 85 million metric...
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