Oil Freight Boom Triggers Wave of Tanker Conversions
A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ships switching their focus from hauling products to carrying crude across...
ESG Rule Delayed: What This Means for Sustainability Reporting in Maritime
The rejection of the Omnibus I package by the European Parliament has temporarily stalled the EU's push to simplify its key ESG (Environmental, Social, and Governance) reporting rules, including the Corporate Sustainability Reporting Directive...
Asia Records Zero Piracy Incidents for the Week, Sulu-Celebes Seas Remains Abduction-Free
There were no incidents of piracy or armed robbery against vessels reported to the ReCAAP ISC in Asia during the week of October 28 to November 3.
Areas of Concern and Vigilance
Despite the lack of...
E-VOLT Design Contributes to India’s Goal of 50% Zero-Emission Tug Operations by 2030
Singapore-based SeaTech Solutions has achieved a significant milestone in India's green maritime transition by securing an Approval in Principle (AiP) from the Indian Register of Shipping (IRS) for its E-VOLT battery-electric tugboat design.
The E-VOLT...
Capesize Rates Volatile but Rebound Midweek as Panamax Correction Continues
The Capesize market began the week on a soft note before gaining momentum midweek, though this improvement tapered off amid lighter activity in both the Atlantic and Pacific.
Capesize
The Capesize market experienced a volatile week,...
Suezmax Bullish on US Gulf Tightness, VLCC Rates Dip but Remain Strong
W127.5 was logged MEG/China end of last week, and despite balanced position lists east and west of Suez VLCCs got a punch in the snout as W115 was logged for a MEG/China cargo yesterday...
CMF and EUNAVFOR ATALANTA Warn of Active Piracy Action Group Off Somalia Coast
The Combined Maritime Forces (CMF) and European Union Naval Force (EUNAVFOR) ATALANTA have issued a Threat Bulletin alerting the shipping industry to heightened maritime risks in the Western Indian Ocean, Gulf of Oman, Red...
New ITF Report Calls For Urgent Action To Protect Seafarers’ Welfare
A new report by the ITF Seafarers’ Trust reveals a worrying decline in seafarers’ access to shore leave since the COVID-19 pandemic. Despite global discussions about improving crew welfare, many seafarers continue to face...
Europort 2025 Opens In Rotterdam Sailing Toward A New Era Of Maritime Innovation
Europort 2025, one of the world’s largest maritime exhibitions, officially opened at Rotterdam Ahoy with a powerful call for unity and collaboration. Marja van Bijsterveldt, Special Envoy for the Dutch Maritime Industry, inaugurated the...
Diana Shipping Inc. Secures New Time Charters For Two Dry Bulk Vessels
Diana Shipping Inc., a leading global dry bulk shipping company, has announced two major time charter agreements for its vessels m/v Los Angeles and m/v DSI Aquarius. These new and extended contracts are expected...