Manila Declaration Launched to Advance Seafarers’ Rights, Safety and Well-Being
The Philippines unveiled the Manila Declaration on September 2, a non-binding framework to uphold seafarers’ rights and safety.
The Declaration outlines eight commitments, including human rights protection, crisis safety, gender equity, and just...
CMA CGM Wins Best Global Shipping Line for Fifth Consecutive Year
CMA CGM awarded Best Global Shipping Line and Best Shipping Line – Trans-Pacific at the 2025 AFLAS Awards.
The Group operates a fleet of 650+ vessels, with 78 dedicated to Trans-Pacific trade.
Its...
China Unveils Erhang Changqing, the Largest Pile-Driving Vessel Ever Built
On January 5, Shanghai Zhenhua Heavy Industries (ZPMC) delivered the Erhang Changqing, a new pile-driving vessel that is being hailed as the largest of its kind ever built. The delivery ceremony took place in...
Japanese Shipping Leaders Express Concern Over New U.S. Tariffs
This week, the Japan International Freight Forwarders Association (JIFFA) reported that the Japanese government has initiated discussions with key shipping industry leaders regarding the potential impact of new U.S. tariffs and trade policies.
Industry Concerns...
VLSFO Prices Surpass $550 as Bunker Market Continues Upward Trend
At the close of the 36th week, global bunker indices maintained a moderate upward trend. The MABUX 380 HSFO, VLSFO, and MGO indices all increased, with the VLSFO index surpassing the $550 mark. However,...
Panamax and Supramax Rates Fluctuate as Global Grain Flows Change
This week's analysis of global grain flows highlights significant shifts driven by ongoing U.S.–China trade tensions.
Shifting Grain Trade Dynamics
China's move to reduce its reliance on U.S. agricultural imports has become a defining trend. In...
GESCO Strengthens Market Position with Strategic Fleet Expansion
The Great Eastern Shipping Company Ltd. (GESCO) has acquired a Kamsarmax dry bulk carrier with a capacity of approximately 81,922 DWT. The vessel, built in 2016, is expected to join the company's fleet by...
New AI System from Mythos AI to Revolutionize Maritime Navigation
In a significant development for marine technology, Mythos AI has installed its Advanced Pilot Assistance System (APAS) on the chemical tanker, CB Pacific. This collaboration with Lomar Group's subsidiaries, CB Tankers and lomarlabs, marks...
Q2 2025 Container Shipping Profitability and Performance Overview
Q1 2025 combined EBIT for major shipping lines was USD 5.89 billion, remaining above pre-pandemic levels. Q2 2025 saw a decline in profitability with combined EBIT of USD 2.73 billion due to market...
South Korea’s POSCO Considers Strategic Entry into Shipping Through HMM Deal
POSCO is preparing to acquire a controlling stake in HMM, valued at around $5 billion, marking its re-entry into the shipping industry.
The group views HMM as a new growth engine to offset...