MCA has formalized the Extended Dry-Docking (EDD) scheme, allowing qualifying vessels to dry-dock once in 7.5 years instead of twice in 5 years. Eligible ships must meet strict technical, operational, and company performance...

This incident summary, based on a report from the Swedish Club, describes cargo damage caused by condensation during a voyage from Mexico to Southern Africa. The case highlights the interaction between fumigation procedures and...

The United States has imposed sanctions on nine tankers allegedly involved in disguising Iranian oil exports as Iraqi crude. According to S&P Global Commodities at Sea (CAS), these vessels transported more than 16 million...

Each year, Lloyd’s List publishes its influential Top 100 Container Ports ranking. The 2024 edition highlights how ports worldwide performed during a year marked by unprecedented disruptions, from geopolitical upheavals to rerouting challenges in...

Singapore and India have signed a Memorandum of Understanding (MoU) to establish the Singapore-India Green and Digital Shipping Corridor (GDSC). The agreement, witnessed by the Prime Ministers of both nations during Prime Minister Lawrence Wong’s...

Ammonia’s potential as a zero-carbon marine fuel is set to be explored under Project FASTMOVE, a feasibility study led by Ricardo in partnership with Brunel University of London and the Port of Cromarty Firth. Funded...

CONTSHIPS Logistics, the world’s largest owner of feeder containerships in the 900–2,000 teu segment, has successfully raised $75 million through a tap issue of its outstanding sustainability-linked Nordic bond. The move reflects both investor confidence...

In a surprising market development, the average price of five-year-old container ships has climbed 17% year-on-year, even as freight rates continue to fall sharply. BIMCO’s Chief Shipping Analyst, Niels Rasmussen, notes that this divergence...

The U.S. Federal Maritime Commission (FMC) has launched a non-adjudicatory investigation into the use of “flags of convenience” and other flag-state practices. The Commission aims to examine whether foreign vessel registration practices are creating...

Transits hit their highest level since January 2024. Bulk carriers and LPG tankers showed the biggest increases month on month. Evidence that certain owners and operators undeterred despite ongoing attacks. The sinking of two...