Trump Tariffs Add Pressure To Global Steel Prices And Indian Subcontinent Ship Recycling
The recent U.S. announcement of tariffs on steel imports is poised to exert downward pressure on global steel prices and further weaken ship recycling markets across the Indian subcontinent, according to leading cash buyer...
Royal Bodewes, CLI Launch Next-Gen Green Vessel for Transatlantic Trade
On May 28, 2025, Royal Bodewes announced a significant advancement in sustainable maritime transport by signing a contract with CLI AG (CLI) for the construction of a new RB 8500 geared vessel.
This state-of-the-art ship...
Wan Hai Lines Names “WAN HAI A19” At Samsung Geoje Shipyard, Hosts Charity Event
Wan Hai Lines held a naming ceremony for its new containership, WAN HAI A19, on 29th May at Samsung Heavy Industries’ Geoje shipyard in South Korea.
The event was complemented by a charity initiative, reinforcing...
IMO Issues Interim Guidance on Biofuel Blends
Following extensive efforts by IBIA to highlight the issue of the carriage of greater than B25 biofuels by MARPOL Annex I certified bunker vessels, IMO has issued circular MEPC.1/Circ.917 Interim guidance on the carriage...
Port Arthur LNG Phase 2 Secures Key DOE Export Permit For Non-FTA Countries
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), announced that its Port Arthur LNG Phase 2 project has received a crucial permit from the U.S. Department of Energy (DOE) to export up to 13.5...
Shipping Industry Posts $5.9b EBIT in Q1 2025 Amid Market Uncertainty
Despite ongoing geopolitical challenges and market volatility, the global container shipping industry reported a combined Earnings Before Interest and Taxes (EBIT) of USD 5.9 billion in the first quarter of 2025, according to Sea-Intelligence....
UN Security Council Extends Libya Arms Embargo Vessel
The United Nations Security Council has extended the authorization allowing member states to inspect vessels suspected of violating the Libya arms embargo. The measure, adopted under Resolution 2780, continues international efforts to enforce the...
South Korea Updates Electric Vessel Standards
Revised “Electric Propulsion Vessel Standards” become effective 29 May 2025, introducing requirements for fuel-cell–powered ships, core system redundancy, and enhanced fire safety in battery rooms.
The amendments allow non-explosion-proof electrical equipment under specific...
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Canary Islands Operator
Moeve will deliver approximately 40,000 tons of second-generation marine biofuels to a Canary Islands ferry operator by the end of 2025, with an option to extend into 2026.
This marks Moeve’s largest biofuel...
Six Newbuild Tankers to Feature Wind Propulsion Technology as Part of Sustainability Push
A leading wind propulsion company has signed a deal to deliver six rotor sails for newly commissioned tankers from a European shipping group.
The vessels, constructed in China and designed in Germany, will...