LATEST ARTICLES

NCFI Shows Diverging Trends as Middle East Rates Surge

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The latest update of the Ningbo Containerised Freight Index (NCFI), released by the Ningbo Shipping Exchange, reveals notable divergence across major trade lanes, with most routes slipping week-on-week while rates to the Middle East...
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Merchant Vessel Beats Back Pirate Raid Amid Red Sea Revival

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A merchant vessel successfully thwarted a coordinated pirate attack in the Bab-el-Mandeb Strait early Friday morning, underscoring the persistent volatility in one of the world’s most critical maritime corridors, reports gCaptain. This incident occurred just...
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Fire Incident at Manila North Harbor Prompts Investigation and Safety Review

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Fire reaches second-alarm status, requiring a major response. Authorities contain damage to the lower decks after hours of firefighting. An investigation is underway, and possible new safety measures are expected. A general cargo ship...
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War Risk Premiums Shift: Red Sea Rates Drop While Black Sea Costs Surge

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War risk premiums for vessels sailing through the Red Sea have fallen sharply following the recent ceasefire and decline in Houthi attacks. In contrast, Black Sea war risk premiums have surged, rising up...
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Container Shipping Faces Year-End Pressure as Demand Softens and Disruptions Rise

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  Blank sailings surge with 64 cancellations across five weeks. Spot rates jump, but sustainability remains uncertain. Severe storms disrupt Asian terminals and delay schedules. Carriers have cancelled 64 out of 719 sailings (9%) between...
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EU Moves to Permanently End Russian Gas and Oil Imports by 2027

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The European Union will effectively and permanently stop the import of Russian gas and move towards the phaseout of Russian oil under the provisional political agreement reached by the European Parliament and the Council...
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Maersk Pushes Decarbonisation Frontier with 50/50 Ethanol-Methanol Blend Trial

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Maersk to trial 50/50 ethanol-methanol blend on the vessel Laura Mærsk Initial E10 test confirmed safe integration and strong performance Ethanol offers another scalable, lower emission fuel option for decarbonisation Maersk continues to explore...
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India Moves Closer to Arctic Access Under New RELOS Pact With Russia

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A logistics support agreement ratified in Moscow opens the door for Indian naval and commercial vessels to access Arctic ports. The pact supports cooperation on the Northern Sea Route, a shipping corridor that...
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Major Newbuild Programme Launched Amid Strong Shipping Demand

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A major owner has placed a $1.6 billion order in Chinese shipyards for a mix of VLCCs and container ships. This newbuild programme signals a fleet renewal push amid tight global shipping demand. ...
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Air Lubrication Systems Selected for Nine New RoPax Newbuilds

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  Nine new RoPax vessels being built in China will be fitted with air lubrication technology. The order marks the largest RoPax installation programme to date for the technology supplier. The systems are expected...
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