SCFI Shows Rate Drop, Africa Routes Yield Better Returns
Spot ocean freight rates from Shanghai have fallen 46.4% year-to-date, according to the Shanghai Containerized Freight Index (SCFI).
Rate declines vary widely across trade lanes: West Africa routes are less impacted than routes...
Ras Isa Port Emerges as Red Sea Shipping Flashpoint
Maritime authorities report serious safety concerns for seafarers at Ras Isa Port, with reports of vessel detentions and armed confrontations.
IMO and UKMTO express alarm, urging extreme caution for vessels operating near the...
Brazilian Grain Shipments Surge Amid US-China Trade Tensions
BIMCO reports a 9% year-on-year rise in Brazilian grain exports between January and April 2025, driven by increased Chinese demand due to high US tariffs.
Soya bean shipments—comprising 71% of Brazil’s grain exports—are...
Klaipėda Port Expands with Modern Fleet Base and Green Hydrogen Projects
Klaipėda Port has inaugurated a modern fleet base to house all specialized equipment and Port Authority vessels.
The base strengthens port operations with advanced infrastructure for maintenance, pollutant collection, hydrographic work, and equipment...
Jafza Enters 40th Year with Record-Breaking Trade and Global Expansion
Jafza celebrates its 40th anniversary with record trade performance, highlighting its long-term economic impact on Dubai.
The free zone has evolved from 19 companies in 1985 to over 11,000 today, forming a vital...
EU Intensifies Crackdown on Russia’s Shadow Fleet
Slovakia and Hungary to Phase Out Russian Oil Imports by 2027.
EU Reduces Russian Crude Imports to 3%.
Commission Proposes New Measures to Tackle Shadow Tankers.
The EU is ramping up attempts to fight...
Ocean Economy Employment Surpasses 100 Million Jobs Worldwide
Marine and Coastal Tourism Dominates Ocean Economy Employment.
Offshore Oil and Gas Contribute More to GDP Than Jobs.
Offshore Wind and Marine Renewables Show Rapid Growth.
From 1995 to 2020, the ocean economy has...
OPEC+ Boosts Output Again as Tanker Demand and Trade Tensions Rise
Saudi and UAE Crude Exports Rise, Offsetting Venezuela and Iran Cuts.
Oil Markets Face Oversupply Risk as Brent Slides into Contango.
OPEC+ May Fully Unwind 2.2m b/d Cuts by November.
OPEC+ leaders again surprised...
Singapore Mandates Health Declarations for High-Risk Vessel Arrivals
New MDH Requirement for Ships Arriving from Designated Countries.
MPA Directive on Maritime Health Declarations Takes Effect 8 May 2025.
Ships with Sick Crew or Recent High-Risk Port Calls Must Submit MDH.
The Maritime...
Seafarer Statistics in the EU for 2023 Released by EMSA
Nearly 300,000 Certified Masters and Officers Available in 2023.
Norway Leads EU in Issuing Certificates of Competency.
Philippines Tops Non-EU Countries with Recognised Seafarers.
The European Maritime Safety Agency (EMSA) has released the Seafarer...