LATEST ARTICLES

Floating Storage Hits Three-Year High as Offshore Volumes Climb Across Tanker Segments

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Floating storage climbed to its highest level in three years as offshore crude volumes grew quickly across VLCC, Suezmax and Aframax fleets. The latest data shows a clear break upward through late 2025. Crude...
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Market Pulse Week 49 (2025): Freight Pressure Builds as Carrier Strategies Face Scrutiny

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ZIM’s position as an independent carrier is entering a critical six-month window. The potential sale of the company faces several complications. Its Israeli ownership adds geo-political hurdles, and its valuation remains a major issue....
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China Unveils Breakthrough Desalination Facility Producing Ultra-Low-Cost Water and Green Hydrogen

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China has introduced a cutting-edge seawater-desalination facility in Shandong that delivers fresh water at just two yuan per cubic metre while also generating green hydrogen. The installation, located in the coastal city of Rizhao,...
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Asia Sees Zero Piracy Incidents This Week, But Vigilance Remains Key

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Over the past week, 2-8 December, no incident of piracy or armed robbery against ships in Asia was reported to the ReCAAP ISC. ReCAAP Urges Continued Vigilance in High-Risk Maritime Zones The ReCAAP ISC advises ships...
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GTT Boosts Investment in bound4blue to Scale Wind-Powered Shipping Technology

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GTT Strategic Ventures, the investment fund of the GTT Group, announces that it has increased its stake in bound4blue as part of the company’s €38 million funding round, further strengthening the partnership initiated in 2023. Driving...
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Danish EU Presidency Drives Europe Toward a Stronger, Unified Ocean Strategy

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The Danish EU Presidency sets the course for a coherent and effective European ocean governance. EU Moves Toward Stronger, More Coherent Ocean Governance The Danish EU Presidency, led by the Danish Maritime Authority, has chaired the...
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How China’s Growing Control of Global Ports Puts Europe’s Critical Minerals at Risk

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Europe’s clean energy transition and defence modernisation rely on secure maritime access to critical minerals, over 80% of which are traded by sea. Yet, Europe remains dependent on Chinese refining and is increasingly exposed...
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Britannia P&I: Best Practices To Prevent Soot Overboard

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In its latest Risk Watch, Britannia P&I Club highlights the serious environmental and legal consequences of prohibited ship discharges, emphasizing the risks of soot carryover from inert gas systems and scrubbers. According to Jobin Mathew,...
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INTERCARGO: China at Centre of Dry Bulk Trade and Global Economy

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Addressing the keynote session of the Senior Maritime Forum during the Marintec China conference last week, Dimitris N. Monioudis, Chairman of the Technical Committee of INTERCARGO, highlighted China’s pivotal position in the dry bulk...
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MIT Researchers Develop Vortex Generators To Cut Ship Emissions

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Researchers at the Massachusetts Institute of Technology (MIT) have demonstrated that wedge-shaped vortex generators attached to a ship hull can reduce drag in the water by up to 7.5%. This can cut fuel costs and...
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