Shanghai Jinjiang Strengthens Position with Fleet Expansion and New Routes

Shanghai Jinjiang Shipping ordered two 1,182 teu eco-design containerships from Sumec Marine, with options for two more. Intra-Asian trade rose 4.2% year on...

Navios Maritime Partners Expands Fleet with $460m Containership Acquisition

Navios Maritime Partners is acquiring four 8,850 teu methanol-ready containerships for $460m. Deliveries are scheduled between late 2027 and early 2028. The company...

Global Container Trade Hits Record 16.57 Million TEUs in July 2025

Global container volumes reached 16.57 million TEUs in July, up 12% from 2023. Imports strengthened across all regions, with Sub-Saharan Africa leading at...

Lloyd’s Register and HD Hyundai Mipo Unveil 22K LNG Bunkering Vessel...

Lloyd’s Register and HD Hyundai Mipo are developing a 22,000 CBM LNG bunkering vessel under a new Joint Development Project. The design aims...

Harnessing Wind Power: “K” LINE’s “Seawing” System Moves Toward Commercialization

"K" LINE's new "Seawing" automated kite system, which uses wind power to reduce fuel consumption and contribute to the decarbonization of the shipping industry,...

Russian Crude Exports Shift as India’s Imports Drop

In August, Russia’s seaborne crude exports saw a slight increase to 3.40 million barrels per day, though this was still below the levels observed...

Switching Safely to Low-GHG Fuels and Technologies

The maritime industry is increasingly adopting vessels that use alternative fuels like LNG (Liquefied Natural Gas) and methanol, with some of the first ammonia-fueled...

Latin America, Europe See Steepest Rate Declines from Far East

During the second quarter of 2025, all-in freight rates for shipments from the Far East to most global destinations saw a general decline compared...

BIO-UV Develops Containerised Ballast Water System

BIO-UV Group has developed a new containerized ballast water treatment system, designed to address compliance challenges for floating offshore wind projects. The system provides...

Demand from Arabian Gulf and Tight Supply Push VLCC Rates Higher

Very Large Crude Carrier (VLCC) spot rates began September at their strongest point since early June, primarily driven by strong demand for vessels in...