Suezmax and Aframax Rates See Significant Swings, VLCCs Remain Stable
The tanker shipping market has seen mixed movements across different vessel sizes and routes this week. While VLCC rates remained largely stable, the Suezmax and Aframax sectors experienced more significant fluctuations, with some routes...
ADNOC L&S Expands Fleet with Delivery of First Very Large Ethane Carrier
AW Shipping, a joint venture of ADNOC L&S and Wanhua Chemical Group, has received Gas Yongjiang, the first of nine advanced Very Large Ethane Carriers.
The new fleet, purpose-built for ethane transport, will...
Time Capsules of the Deep: More Than 30 Shipwrecks Found in Germany’s Lake Constance
More than 30 shipwrecks have been found hidden at the bottom of Germany's Lake Constance. The discovery was announced by officials this week and includes a vessel believed to be a steamer that was...
Wet Damage and Moisture Ingress Leads to Cargo Loss
A report from the Swedish Club reveals a significant challenge in bulk grain shipping—wet damage is a leading cause of cargo loss, resulting from moisture ingress and structural failure.
Incident Summary
Across the industry, damp cargo...
Panama Canal Marks 111 Years as a Global Trade Icon
The Panama Canal has officially turned 111 years old, commemorating more than a century as one of the world’s most important maritime corridors. Since its opening in 1914, the canal has revolutionized global trade...
Folk Maritime Unveils MV Folk Jubail In New Livery
Folk Maritime has launched the MV Folk Jubail in its new livery, marking a significant step in strengthening the company’s identity and expanding its growing fleet. Sailing under the flag of Saudi Arabia, this...
Tariff Verdict Looms Over Container Shipping’s Future
Trump administration warns court ruling against tariffs would lead to another Great Depression.
Treasury Secretary Scott Bessent argues that the higher the tariff income, the harder it will be for Supreme Court ‘to...
Deadly Fire Erupts On Vessels In Yeosu Port
A tragic fire broke out on two vessels moored in the southern coastal city of Yeosu early Saturday, resulting in one fatality and two injuries. Authorities said the incident involved an oil tanker and...
Trump’s IMO Salvo Could Derail Emissions Framework
US President Donald Trump and Russian President Vladimir Putin met in Alaska for a high-profile meeting. While geopolitics was the official agenda, the location itself carried symbolic weight.
Alaska’s history with Russia and its current...
WFW Advises On Groundbreaking JOLCO Financing For ONE’s New Container
Watson Farley & Williams (WFW) has advised a consortium of international lenders on an Export Credit Agency (ECA)-backed JOLCO financing deal for Ocean Network Express Pte. Ltd. (ONE).
The financing will support the construction of...