Aging VLCC Fleet Shaping Market Trends
The VLCC market is seeing an increase in the nominal fleet size, but the effective capacity is growing at a slower rate due to older vessels being less efficient and many operating well...
Berge Bulk Launches Onboard Carbon Capture Trial
Berge Bulk has installed a carbon capture system on its 63,000 DWT Ultramax vessel, Berge Yotei, as part of its Maritime Marshall Plan for decarbonisation.
The system, developed by Value Maritime, integrates CO₂...
Red Sea Ceasefire Unlikely to Prompt Quick Shipping Return
A US-Houthi ceasefire announced on May 6 aims to end attacks on US vessels in the Red Sea and Bab al-Mandab Strait, easing pressure on global shipping routes.
Shipping companies remain cautious, awaiting...
Tariff Shock Disrupts US-China Trade as First Heavily Taxed Cargo Arrives
The first ships carrying Chinese goods under the new 145% US tariff have arrived, triggering a steep drop in imports and fears of inflation and product shortages.
The Port of Los Angeles reports...
HD Hyundai and Partners Sign Deal on AI-Powered Humanoid Robots for Shipbuilding
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Robotics, Persona AI, and Vazil Company signed an agreement to work together on humanoid robots.
Prototype humanoid robots will be prepared by the...
Trump Administration Weighs U.S. Virgin Islands Shipping Registry To Boost Maritime Strength
The Trump administration is exploring a proposal to establish an international shipping registry in the U.S. Virgin Islands (USVI), aiming to expand the American-flagged commercial fleet. This move could enhance national security by reducing...
Port of New York And New Jersey Records Strong Cargo Growth In Q1 2025
The Port of New York and New Jersey has reported impressive growth in cargo volumes for March 2025 and the first quarter overall. With a nearly 12% year-on-year increase in total container traffic, the...
Seafarer Satisfaction Shows Modest Rise, But Key Welfare Concerns Persist SHI Q1 2025
The Mission to Seafarers' Seafarers Happiness Index (SHI) for Q1 2025 has reported a slight increase in overall seafarer satisfaction, rising to 6.98/10 from 6.91 in Q4 2024. While this marks a welcome improvement,...
Fincantieri, Newcleo & Pininfarina Unveil Visionary Nuclear Reactor At Venice Biennale
At the 19th International Architecture Exhibition of the Venice Biennale, Fincantieri, newcleo, and Pininfarina revealed a pioneering vision for the future of sustainable nuclear energy. The project marks a bold convergence of advanced nuclear...
Pyxis Tankers Secures $45 Million Loan To Fuel Fleet Expansion
Greek shipping company Pyxis Tankers is preparing for a strategic fleet expansion after signing a commitment letter for a bank loan of up to $45 million. The Nasdaq-listed firm aims to bolster its presence...