LATEST ARTICLES

US–China Trade Truce Brings Brief Calm to Global Shipping Markets

Carriers Withdraw 7% of Scheduled Sailings Through Mid-December. Freight Rates Rise 8% as GRIs Take Effect. Fewer Blank Sailings Signal Mild Capacity Recovery. The recent trade truce between the US and China has brought...

European Forces Free Crew After 30-Hour Hijacking Off Somalia

Crew Freed Safely Following Coordinated Operation. Pirates Remain Active as Joint Search Continues. Escalating Attacks Signal Renewed Somali Piracy Threat. European naval forces pulled off a remarkable rescue on Friday, freeing a Maltese-flagged tanker...

NCFI Rises as Middle East Route Jumps 11.8%, Europe Softens

The Ningbo Shipping Exchange, in collaboration with the Baltic Exchange, has released the latest Ningbo Containerised Freight Index (NCFI) for the week ending 7 November 2025. The weekly composite index, which tracks freight rates for...

Wärtsilä, Sinocrew Launch Advanced Maritime Training Centre in China

Finnish technology group Wärtsilä and Sinocrew Maritime Services have inaugurated an advanced maritime simulation and training centre in Beihai, China, to support the next generation of seafarers in the Asian cruise industry and advance...

ISWAN, MarTrust Partner to Enhance Seafarer Wellbeing

MarTrust, part of Marcura, and the crew payments solution supporting more than 150,000 seafarers worldwide, has partnered with the International Seafarers’ Welfare and Assistance Network (ISWAN), the international not-for-profit maritime organisation providing 24/7 helplines...

South Korea Raises Doubts Over U.S. Shipyard’s Capability to Build Nuclear Submarine

The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim Min-seok said on Thursday during a parliamentary hearing. Seoul Doubts U.S. Shipyard’s...

Ocean Container Freight Rates Edge Higher as Carriers Manage Capacity Ahead of 2026

Xeneta’s weekly ocean container shipping market update shows that in the week ending 6 November 2025 the average spot rate from the Far East to the US West Coast reached USD 2,756 per...

Beyond the Barrels: Structural Market Forces Driving the Dirty Tanker Rally

Breakwave Advisors reports that the current rally in the crude tanker market is being fueled by far more than rising oil volumes. Structural shifts in global trade dynamics, fleet composition, and supply-demand fundamentals...

Lloyd’s Register Issues Safety Alert on Steam System Failures and Steam Hammer Risks

Lloyd’s Register has issued a class news alert following a fatal incident involving a ship’s steam system, highlighting critical risks associated with steam hammer and expansion-joint failures. According to the report, two fatalities occurred...

World’s Largest Ultra-Low Temperature Refrigerated Cargo Ships Delivered: Engineering Milestone in Cold-Chain Shipping

CCS announced the successful delivery of two ultra-low temperature refrigerated cargo ships—identified as “XIN XIANG LI 55” and “XIN XIANG LI 56”—constructed by Zhoushan Ningshing Ship Building & Repairing Co., Ltd. and surveyed...