EU Weighs Scrapping Russian Oil Price Cap, Raising Shadow Fleet Risks
The EU is considering ending the Russian oil price cap and replacing it with a full ban on Western shipping services
Around 43% of Russian oil exports currently rely on Western-owned or insured...
Panamax Finds Late-Year Support as US–China Grain Trade Shows Signs of Revival
Panamax underperformed in 2025 as the US-China grain trade collapsed by nearly 78%
Recent trade talks have triggered a visible rebound in forward grain cargoes
Second-hand Panamax values are already reacting to improved...
China Continues To Strengthen It’s Position As The World’s Leading Shipbuilding Nation
China now accounts for over 70% of global shipbuilding orders, backed by strong state support and industrial scale
The country leads both commercial and naval ship construction, with faster build and replacement cycles
...
Container Rates See Late-Year Uptick as Suez Returns Raise Congestion Risks
Container freight indices recorded a modest year-end rally, led by a 6.7% rise in the SCFI.
Fourth-quarter CCFI averages remain significantly below third-quarter levels, reflecting continued earnings pressure on carriers.
Selected services have...
Prysmian–Fincantieri Joint Venture to Acquire Xtera, Strengthening Submarine Telecom Capabilities
A Prysmian-led joint venture with Fincantieri has agreed to acquire Xtera, a specialist in turnkey submarine telecom systems.
The transaction positions Prysmian as a global player in submarine telecom, complementing its leadership in...
PIL Ships Record 95-Tonne Substation Unit To Iraq’s Umm Qasr Port
Pacific International Lines (PIL) has successfully transported a 95-tonne substation unit from Jebel Ali, UAE, to Umm Qasr Port in Iraq, marking the heaviest cargo ever handled by the carrier’s Middle East, Horn of...
HJ Heavy Industries To Build South Korea’s First 1,900 DWT Chemical Pollution Control Vessel
HJ Heavy Industries has secured a landmark contract to construct South Korea’s first 1,900 DWT class multi-purpose chemical pollution control vessel, marking a major step forward in the nation’s maritime safety and environmental protection...
Port Congestion A Growing Challenge For Global Maritime Supply Chains
Port congestion has emerged as one of the most serious operational challenges in global maritime logistics. As trade volumes grow and vessels become larger, many ports struggle to handle demand efficiently. For shipping lines,...
Ship Recycling Ends A Turbulent 2025 With Cautious Optimism For 2026
According to GMS’ latest report, 2025 draws to a close as a challenging year for the global ship recycling industry, shaped by economic uncertainty, volatile markets, and geopolitical tensions. While pricing pressures and limited...
EU Commission Updates Administering Authorities List For Maritime EU ETS Compliance
The European Commission has released Implementing Decision 2025/2452, publishing an updated list of shipping companies assigned to EU Emissions Trading System (EU ETS) Administering Authorities (AAs). Based on the latest data from the European...