MPCC Strengthens Container Fleet with $228M Ship Order and Vessel Sale
MPCC ordered four 4,500 TEU vessels with a US$228 million investment.
The newbuilds are future-ready for alternative fuels and secured under charter agreements.
MPCC also sold three older vessels for US$31.5 million to...
Low Containership Demolition in Q2 2025 Reflects Trade Uncertainty and High Asset Values
Containership scrapping remained extremely low in Q2 2025, with only three vessels sold for demolition.
New U.S. tariffs on Chinese-built ships created uncertainty, discouraging vessel disposal.
Strong secondhand values and firming charter markets...
Container Fleet Retirements Hit Lowest Levels Since Early 2000s
As of mid-2025, less than 4,000 TEU of container ship capacity has been scrapped worldwide.
Only seven vessels, each averaging around 500 TEU, were dismantled in the first half of the year.
2025...
Vessel Carrying Livestock Attacked Off Yemen Coast, Briefly Detained for AIS Violation
A vessel carrying livestock came under fire from individuals in a wooden boat in the Red Sea near Yemen on Thursday. The vessel was subsequently detained by the Yemeni Coast Guard, as reported by...
Amidst Sanctions, Russia’s New Port Regulations Create Jitters in Global Oil Markets
Foreign oil tankers are facing temporary restrictions from loading at Russia's main Black Sea ports due to new regulations, effectively disrupting oil exports from Kazakhstan, much of which is handled by a consortium that...
Emergency Response Underway in Cuxhaven After Ship Collision Leads to Oil Spill
Two vessels have collided in the German North Sea port of Cuxhaven, resulting in an estimated 6,000 liters of oil spilling into the water. The incident occurred on Wednesday morning, with emergency services swiftly...
Robust Brazilian Iron Ore Shipments Propel Capesize Rates, But Smaller Segments Show Weakness
This week's Chart Monitor indicates a robust and sustained upward trend in Brazilian iron ore shipments, which is having a significant impact on dry bulk freight markets.
Brazilian Iron Ore Shipments on the Rise
Brazilian iron...
Global Bunker Prices See Varied Movements: Scrubber Spread Declines, LNG Becomes Competitive
At the close of Week 30, the global bunker market experienced varied price movements across different fuel types, as tracked by MABUX. The overall trend remained uneven, without a clear direction.
Global Bunker Indices (Week...
Tankers International Expands VLCC Pool with Lila Global Partnership
Tankers International adds Lila Kochi, a VLCC owned by Dubai-based Lila Global, to its global pool of 29 vessels.
The move strengthens Tankers International’s scale-driven pooling strategy amid volatile tanker markets.
Lila Global’s...
Launch of Acadia Marks Major Leap in U.S. Offshore Wind and Maritime Capabilities
Acadia is the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, designed to support offshore wind infrastructure.
Built at Hanwha Philly Shipyard, the vessel has contracts secured through 2026 and will start operations...