Ripple Effects of Tariff Shifts Push Freight Rates Across Key Global Trade Lanes
US tariff shifts have caused repeated swings in container shipping demand, distorting freight rates across major trade lanes.
Spot rates from the Far East to the US and South America East Coast surged...
China Imposes Exit Bans on U.S. Government Employee and Wells Fargo Banker
A U.S. Department of Commerce employee is currently barred from leaving China.
A Wells Fargo banker, also a U.S. citizen, is facing criminal charges and subject to an exit ban.
These cases raise...
NGO Shipbreaking Platform Highlights Key Shortcomings in the HKC
At least five workers were injured during shipbreaking activities on South Asian beaches in Q2 2025, as 74 ships were dismantled globally.
The NGO Shipbreaking Platform criticizes the Hong Kong Convention (HKC) for...
Strategic Marine Expands South Korean Reach with Yeosu Ocean Delivery
Strategic Marine has completed its first delivery to South Korea, supplying a 27m Crew Transfer Vessel (CTV) to Yeosu Ocean Co., Ltd.
The vessel, Ventus Camillia, is built on the proven StratCat 27...
LNG Carrier Scrapping Rises as Industry Awaits Rebound in New Orders
The number of LNG carriers scrapped in 2025 has already matched the total for 2024, signaling an accelerating phase-out of aging vessels.
Despite a sharp decline in new orders, the shipbuilding sector expects...
Israeli Strikes on Yemen’s Hodeidah Port Mark Escalation in Conflict with Iran-Backed Houthis
The conflict in the Red Sea and surrounding regions continues to escalate, with the Israeli military conducting a fresh attack on Houthi targets in Yemen's Hodeidah port on Monday. This latest assault is part...
Philippines Launches the First-Ever Methanol-Powered KAMSARMAX Bulk Carrier
TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. launched the world’s first methanol dual-fuelled KAMSARMAX bulk carrier on 17 July 2025 in the Philippines.
The vessel achieves significant emission reductions and is designed for environmental performance...
MARAD Awards $8.75 Million to Boost U.S. Shipyards Amid Push for Maritime Dominance
The U.S. Maritime Administration has granted $8.75 million to 17 small shipyards across 12 states to strengthen maritime infrastructure.
This year’s funding marks the lowest level since 2016, despite previous years seeing over...
Beyond Narco-Submarines: Marshall Islands Details Diverse Drug Concealment Methods
The Republic of the Marshall Islands (RMI) Maritime Administrator has issued a warning regarding the escalating use of commercial vessels for illicit drug trafficking, particularly originating from South America. This surge in maritime and...
Decoding FuelEU Maritime: Essential Insights on Fuel Allocation, Methane Slip, and Thetis Reporting
The FuelEU Maritime regulation, which came into force on January 1, 2025, is a cornerstone of the European Union's "Fit for 55" package, aiming to reduce greenhouse gas (GHG) emissions from shipping drastically. As...