Beijing Considers Tariff Relief on Select US Goods, Signaling Potential Easing
In a potential sign of easing trade tensions and acknowledging the economic repercussions of the ongoing trade war, China has reportedly begun exempting certain U.S. imports from its significant 125% tariffs, reports Reuters.
Positive Impact
Beijing's...
Thousands of Sheep Aboard Capsized Vessel in Red Sea, Rescue Efforts Underway
Disturbing footage shared by activists depicts the vessel in distress, visibly struggling and listing heavily in the waters of the Gulf of Aden due to the weight of its livestock cargo, before ultimately capsizing,...
Suezmax Market Remains Firm in West Africa, Aframax Shows Regional Variations
The recent publication by the Office of the United States Trade Representative (USTR) of their action plan to address concerns regarding alleged Chinese dominance in the maritime sector has been met with a sense...
The Silent Enemy: DNV Reveals the Persistent Threat of Corrosion in Ship Tanks
Corrosion within cargo and water ballast tanks poses a substantial and ongoing problem in the maritime industry. Analysis conducted by DNV (Det Norske Veritas), a leading classification society, indicates that corrosion is the single...
DP World Achieves Key Step in Electrifying RTG Fleet with Hydrogen Trial
A successful initial test of new technology on a Rubber Tyred Gantry (RTG) crane has been completed, marking a significant advancement in DP World's global strategy to decarbonize its port and terminal operations, reports...
New BC Marine Energy And Decarbonization Hub To Propel Clean Energy Innovation
In a bold step toward Canada's clean energy transition, two leaders in British Columbia’s ocean innovation sector have announced a joint initiative aimed at advancing the development and commercialization of marine renewable energy and...
Kpler’s Strategic Move To Enhance Global Trade Insights With New Acquisition
Kpler, a leader in trade intelligence, has taken a significant step forward in its mission to provide decision-defining insights across the global trade sector by adding new high-quality data to its platform.
Expanding Data Capabilities...
Victrol Expands Fleet With Addition Of MTS Havana
Victrol, a leading logistics company based in Antwerp, has strengthened its fleet with the addition of a new tanker barge, the MTS Havana, highlighting its commitment to innovation and regulatory compliance.
Successful Seatrials and Fleet...
Höegh Autoliners Reports Strong Q1 2025 Financial Results
Höegh Autoliners (ticker code: HAUTO) reported solid financial performance for the first quarter of 2025. Gross revenue reached USD 329 million (NOK 3,559 million), operating profit (EBITDA) was USD 155 million (NOK 1,671 million),...
New IMO Fuel Intensity Target Set To Reshape Shipping Market Dynamics
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in the adoption of a new fuel intensity target, set to come into force no...