Freight Buyers Gain Upper Hand As Ocean Markets Loosen Ahead Of 2026
As 2025 nears its end, the global ocean freight market is entering a dramatic shift. Freight rates are falling, carriers are blanking sailings, and excess capacity has returned in full force. While this signals...
IBIA And INTERCARGO Forge Partnership To Strengthen Collaboration On Fuel Safety And Decarbonisation
The International Bunker Industry Association (IBIA) and the International Association of Dry Cargo Shipowners (INTERCARGO) have signed a reciprocal membership agreement to enhance cooperation between the marine fuels and dry bulk shipping sectors. The...
HD Korea Shipbuilding Reports 397% Surge In Q3 Net Profit Amid Strong Revenue Growth
HD Korea Shipbuilding & Offshore Engineering Co. has reported a remarkable financial performance for the third quarter, achieving a sharp rise in both profit and revenue. The company’s strong operational efficiency and increased demand...
Navigating The Maritime 5.0 Era Leadership, Innovation, And Transformation In Shipping
The shipping industry has entered a new phase the Maritime 5.0 world, characterized by rapid technological advancement, digital ecosystems, artificial intelligence, and sustainable fuels. At the North American Marine Environment Protection (NAMEPA) Awards, ABS...
HD Hyundai & Siemens Forge Smart-Shipyard Alliance to Modernise U.S. Shipbuilding
HD Hyundai has announced a strategic collaboration with Siemens aimed at transforming U.S. shipbuilding through the integration of smart technologies and advanced digital solutions. The partnership underscores both companies’ shared commitment to driving innovation...
IUMI Warns of Tough Waters Ahead as Marine Insurance Markets Face 2025 Headwinds
The International Union of Marine Insurance (IUMI) has released its latest annual review, and while global marine insurance performed steadily in 2024, the outlook for the remainder of 2025 is notably more challenging.
According to...
Lloyd’s Register Leads Global Launch of Maritime Future Technologies Innovation Centre
Lloyd’s Register (LR) has announced the creation of the International Maritime Future Technologies Innovation Centre in partnership with COSCO Shipping Group, Shanghai Jiao Tong University, and the University of Southampton. This new virtual centre...
Cyprus Shipping Chamber Endorses Unified Path Toward Global Decarbonisation
The Cyprus Shipping Chamber (CSC) has reaffirmed its support for collective global efforts to establish a unified decarbonisation mechanism under the International Maritime Organization (IMO). The move follows the IMO’s recent decision to postpone...
Captain Arctic Hull Launch Signals a Bold Step Toward Zero-Emission Voyages
The hull of Captain Arctic, a near-zero emission exploration vessel designed for sustainable cruising in some of the planet’s most fragile environments, has been launched in Dubai.
Captain Arctic hull launched for eco-friendly polar voyages
The...
Russian ESPO Crude Shipments Face Delays as Sanctions Ripple Across Asia
Russian ESPO Blend crude loadings from the port of Kozmino rose to 40 ships in October from 35 in September as liftings recovered after pipeline maintenance, though some ships appeared to face delays in...