Fincantieri and ASRY Sign Partnership to Expand Naval Collaboration in Bahrain
Agreement Signed in the Presence of Italian and Bahraini Leaders.
Partnership Targets Military and Offshore Vessel Projects.
Deal Supports Fincantieri’s Strategic Growth in the Middle East.
In a significant moment during the 46th Gulf...
Container Rates Rebound After Weeks of Decline
Weekly GRIs Help Carriers Hold Spot Rates Steady.
Asia–Europe Maintains Three-Week Rate Stability.
Suez Canal Uncertainty Continues to Shape Market Outlook.
The Drewry World Container Index saw a 7% increase, reaching $1,927 for a...
Davie Defense Expands U.S. Presence With Major Texas Acquisition
U.S. Approvals Clear Path for New Specialised Builder.
Move Aligns With Push to Strengthen Arctic and Domestic Capacity.
ICE Pact Positions Company in Trilateral Icebreaker Effort.
Davie Defence has officially wrapped up its acquisition...
Rising Black Sea Tensions Spark Security Warnings from Ankara
Exclusive Economic Zone Violations Raise Regional Alarm.
Talks Held with NATO Leadership and Regional Ministers.
Kyiv Accepts One Strike but Denies Involvement in Another.
On Wednesday, Turkish Foreign Minister Hakan Fidan raised alarms about...
IMO Assembly Shows Strong Unity and Decisive Action
Member States Raise Security Challenges and Treaty Progress.
Seafarers Placed at the Heart of IMO’s Work.
Assembly Recognises BBNJ Agreement and Advances Gender Inclusion.
According to Arsenio Dominguez, the Secretary-General of the IMO, the...
Auckland Expands Green Fuel Capacity With New Bunkering Tanker Order
A New Zealand port subsidiary has signed a shipbuilding contract for a new bunkering vessel worth $50 million.
The vessel will support biodiesel and methanol alongside conventional low-sulphur marine fuels.
Delivery is scheduled...
Global Study Confirms Major Drop in Ship Sulfur Emissions
New international research shows sulfur emissions from ships have fallen sharply since the 2020 global fuel regulation.
The average sulfur content in marine fuel is now nearly ten times lower in open-ocean waters.
...
Global Freight Rates Surge as Conflict and Supply Shifts Disrupt Trade
Freight rates for crude, LNG and bulk commodities are seeing a rare year-end jump instead of the usual seasonal slowdown.
Longer voyage distances, sanctions, weather disruptions and shifting production are tightening vessel availability.
...
Declining Coal Flows to China Hit Capesize Market Performance
China has imported 52m tonnes less thermal coal so far this year, reducing capesize demand.
Domestic coal output and renewable expansion continue to displace seaborne coal.
Any late-year rebound may benefit smaller vessels...
Why Abandoned Vessels Are Becoming a Major Risk for Ports
When a vessel sinks inside harbour limits and lacks proper insurance, the port may be legally and financially responsible.
Wreck removal, pollution control and business disruption can create costs running into hundreds of...