China to Rival SpaceX with First Reusable Rocket Recovery Drone Ship
China has introduced its first rocket recovery drone ship, Xingji Guihang, marking a major step toward reusable launch technology.
Developed by Beijing-based iSpace, the vessel will support multiple Chinese rocket providers, not just...
NWSA TEU Volumes Rise 3.5% YTD
VLGC rates remain near a 16-month high, driven by Indian port congestion and Panama Canal delays.
European ports are witnessing notable growth, with Valenciaport reporting a 4.28% traffic increase.
Hybrid and renewable-powered vessels...
Singapore Solidifies Global Lead with FueLNG’s 500th Ship-to-Ship LNG Bunkering Operation
FueLNG, a leading provider of LNG bunkering solutions, has successfully completed its 500th ship-to-ship (STS) LNG bunkering operation. This achievement, which occurred in Singapore on August 16, 2025, highlights the company's role in advancing...
Performance Shipping Secures New Time Charter with PNSC for M/T P. Aliki
Performance Shipping Inc. has signed a 12-month time charter with Pakistan National Shipping Corporation (PNSC) for its 105,304 DWT LR2 Aframax tanker M/T P. Aliki.
The contract, at a daily gross rate of...
Are Engineers at Risk from AI? A New Study Suggests it’s Complicated
While many fear that AI will replace engineers, the analysis reveals a more nuanced reality: AI is more likely to augment engineering roles by taking over certain tasks, while the jobs most at risk...
Damen and Folla Maritime Launch Joint Venture Damen Folla
Damen Shipyards Group and Folla Maritime have officially launched their new joint venture, Damen Folla, during the Aqua Nor exhibition in Trondheim.
The partnership combines Damen’s global scale and steel vessel expertise with...
Capesize Rates Holding Strong, But China’s Economy Poses a 5% GDP Risk
An uneventful fortnight in terms of cargo flow has reduced near-term activity, contributing to a decline in spot rate volatility.
Capesize Market and Outlook
Despite a recent quiet period, Capesize spot freight rates are holding at...
LNG Carrier Al Zuwair Delivered to QatarEnergy
The LNG carrier Al Zuwair was delivered on August 18 at HD Hyundai Heavy Industries’ Ulsan Shipyard for deployment under a time-charter with QatarEnergy.
The vessel is the third of 12 LNG carriers...
Russia’s Arctic LNG 2 Project Resumes Shipments Despite Sanctions
Russia’s Arctic LNG 2 project has resumed shipments after months of inactivity, with tankers heading to Asia.
The project faces heavy US and EU sanctions, which have disrupted sales and forced reliance on...
International Regulations for Hazardous Materials on Marine Vessels
This notice outlines regulations and guidance for the management of hazardous materials on board ships, specifically focusing on Asbestos Containing Materials (ACMs) and fire-extinguishing media containing perfluorooctane sulfonic acid (PFOS). These rules apply to...