Ecuador Leads Regional Effort to Strengthen Biofouling Management
Ecuador will set up a national information network connecting ports, ship operators, and environmental authorities to manage biofouling effectively.
The initiative stems from an IMO-led workshop under the IMO–Norad TEST Biofouling Project, held...
JPMorganChase Includes Maritime Industries in $1.5 Trillion Resiliency Plan
JPMorganChase launched a $1.5 trillion, 10-year Security and Resiliency Initiative to boost U.S. economic and industrial security.
Shipbuilding is among 27 key sectors targeted for financing, advisory, and investment support.
The program aims...
China Introduces Port Fee Policy with Exemptions for Domestic Shipbuilders
China’s Ministry of Transport confirmed that vessels built in China will be exempt from new port fees imposed on US-linked ships.
The exemption aims to prevent freight rate hikes and maintain shipping capacity...
Crude Oil Tanker Operator Clarifies Structure to Avoid China’s New Charges
In response to new retaliatory port fees imposed by China on U.S.-linked vessels, crude oil tanker operator DHT Holdings clarified its ownership and operational structure to affirm that its fleet should not fall under...
Sinopec Faces Operational Headwinds After US Sanctions Rizhao Terminal
The US Treasury's latest sanctions targeting a major Chinese crude oil terminal have caused immediate operational disruptions for the state-owned refining group Sinopec, impacting its crude import logistics and refinery output.
Target of the Sanctions
The...
China’s Proposed Port Fee Sparks Uncertainty and Hikes Dry Bulk Freight Rates
The Chinese government's brief press release regarding potential port fees on US-linked dry bulk ships caused immediate market uncertainty, pushing both dry bulk freight futures and spot rates higher. The market uncertainty stemmed from...
Leveraging AI and Simulation to Create Adaptive Global Supply Chains
PSA BDP, a global logistics and supply chain solutions provider, and the A*STAR Institute of High Performance Computing (A*STAR IHPC) have initiated a three-year joint research program. The objective is to leverage advanced Artificial...
Veolia, SIPG, and VENEX Form Partnership for Green Methanol Supply
Veolia, SIPG Energy (Shanghai) Co., Ltd. (SIPG), and VENEX Company Limited have signed a "Strategic Green Fuel Supply Cooperation Agreement." This partnership is a direct response to China’s "dual carbon" goals and the green...
Quantum Maritime Conference 2025: Uniting Deep Tech and the Blue Economy
The Quantum Maritime Conference 2025, hosted by the Abu Dhabi Maritime Academy, was the world's inaugural international forum specifically designed to unite quantum technologies, artificial intelligence (AI), and maritime innovation. The event established a...
Wah Kwong Launches Huaxing Shipping To Drive Green Maritime Growth
In a major development for the global maritime industry, Hong Kong-based shipowner Wah Kwong has joined hands with China’s Yingxing Leasing and Wuhu Shipyard to form a new joint venture named Huaxing Shipping.
This collaboration...