Drewry Reports 2.6% Drop in World Container Index and Transpacific Rates
Drewry’s World Container Index declined 2.6%, marking the fifth straight weekly fall.
The earlier rate surge linked to US tariffs in April has reversed since mid-June.
Transpacific spot rates fell this week but...
PSA Antwerp Joins Zero Emissions Port Alliance
PSA Antwerp has joined the Zero Emissions Port Alliance to support decarbonization in terminal operations.
The company is exploring fully electric straddle carriers to address its highest source of direct emissions in Belgium.
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Chinese Shipbuilders See Market Share Slip to 52% in H1 2025 on USTR Tariff...
China’s shipbuilding share dropped to 52% as USTR port fees on Chinese-built vessels raised concerns.
Global ship contracting slowed sharply in early 2025, affecting bulkers, tankers, and gas carriers.
Limited capacity outside China...
New Fast-Track Shipping Route Launched Between Guangzhou and LA
Guangzhou has launched its first direct express shipping route to the Port of Los Angeles, cutting transit time to 14 days.
The route supports weekly service with faster delivery, reducing logistics costs and...
Container Shippers Likely to Wait and Watch on EU and Mexico Tariffs Says Analyst
US importers are expected to delay non-urgent shipments amid uncertainty over 30% tariffs on imports from the EU and Mexico.
A short-term decline in import volumes is likely, especially from Asia, while shipping...
Anemoi’s Breakthrough in WAPS Verification Aims to Unlock Greater Decarbonization Potential
Anemoi Marine Technologies, a leader in wind-assisted propulsion (WAPS) technology, has unveiled a new, more efficient, and accurate method for verifying the in-service performance of these systems. This development, validated by Lloyd’s Register Advisory...
UN Security Council Firm on Houthi Threat as Fatal Attacks Cause Global Concern
The UN Security Council has taken a firm stance against the ongoing Houthi attacks on commercial shipping in the Red Sea, authorizing continued reporting on these incidents despite abstentions from some permanent members. The...
ClassNK Updates FuelEU Maritime FAQs to Support Compliance for EU-Calling Vessels
ClassNK has released the "FAQs on the FuelEU Maritime (4th Edition)," a crucial guide for shipping stakeholders navigating the complexities of new environmental regulations. This updated edition provides vital clarifications for ships over 5,000...
Minor Dry Bulk Exports Show 5% Year-on-Year Growth in June, Driven by Surging Bauxite...
The dry bulk market, particularly the minor bulk segment, is experiencing a mixed performance in June 2025, with positive year-on-year growth driven by strong export demand. Bauxite, a key minor bulk commodity, is a...
ITF Reveals Alarming Rise in Seafarer Abandonment, With Arab World and Europe as Hotspots
The International Transport Workers' Federation (ITF) has sounded a grave alarm regarding a disturbing and escalating humanitarian crisis within the maritime industry: the abandonment of seafarers. New figures released by the ITF today (likely...