BIMCO Outlook: Dry Bulk Market Nears Balance Before Potential Weakening Phase
According to BIMCO, the global dry bulk sector is set to reach a near equilibrium between fleet supply and demand in the short term before facing a possible slowdown beyond 2026.
Recent market projections suggest...
HD Hyundai Unveils AI-Powered Future of Shipbuilding at APEC 2025
HD Hyundai opened APEC 2025 Korea by presenting a blueprint for the future of shipbuilding in collaboration with global leaders.
HD Hyundai Pushes AI Innovation in Shipbuilding
HD Hyundai held the Future Tech Forum: Shipbuilding at...
EU Surprises With Delisting of Sanctioned Arctic Heavy-Lift Vessels, Raising Compliance Questions
According to MMJ News Desk, the European Union has unexpectedly removed two polar-class heavy-lift vessels from its sanctions list — a move that stands out given the rarity of such delistings.
The vessels in question...
Fuel Oil Spill Halts Traffic at Texas Port After Tanker-Pier Collision
According to U.S. Coast Guard data, a fuel oil discharge at the Port of Galveston in Texas occurred following an allision between a tanker and Pier 32, prompting closure of a key segment of...
Global Ports Struggle to Keep Pace with Ultra-Large Containership Boom
Global ports are bracing for a wave of ultra-large containerships that have the potential to overwhelm infrastructure and cripple supply chains. With ports under increasing strain at the hands of these industry behemoths and...
Piracy Persists: IMO Confirms Three Global Maritime Incidents in August 2025
The International Maritime Organization (IMO) reports three incidents of piracy and armed robbery against vessels during August 2025, highlighting persistent security threats in international shipping.
One incident involved a tanker that was adrift when a...
USTR Tightens Maritime Tariffs on Chinese Shipbuilding Under Section 301
On 10 October 2025 the United States Trade Representative (USTR), issued a Notice of Modification and Proposed Modification of Section 301 Action: China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance. This...
US-China Reciprocal Port Fees Drive Up Emissions, Freight Rates, and Fuel Consumption
The imposition of reciprocal port fees by the US and China on each other's linked ships is directly leading to higher freight rates, increased fuel consumption (bunker consumption), and greater greenhouse gas (GHG) emissions...
US Sanctions Waiver Grants Critical Lifeline to India’s Strategic Chabahar Port Operations
The six-month exemption from United States sanctions for India's operations at Iran's Chabahar Port provides a critical lifeline for New Delhi's strategic and commercial interests in the region.
Strategic and Economic Significance
The waiver is significant...
Shippers Urged to Use Data, Not Spot Rates, in 2026 Contract Negotiations
Shippers preparing for 2026 contract tenders should view the October spot rate spike with caution, using a data-driven approach to maintain their strong negotiating position against a background of long-term overcapacity. The rise, which...