Crude Imports Into Asia Rise in July Despite Shift in Supply Sources
Asian Crude Arrivals Up 2.4% in July as Refineries Ramp Up Post-Maintenance.
Wider Arabian Sea Crude Share Falls Despite OPEC+ Export Surge.
Southeast Asia and U.S. Crude Offset Drop in Arabian Sea Imports.
Crude...
Shanghai Plans World-Class Shipbuilding Hub by 2027
Changxing Island to Become Global Shipbuilding Powerhouse.
Shanghai Unveils Bold Vision for Shipbuilding Expansion.
Changxing Island Shipbuilding Output to Hit $16.7 Billion.
On July 16, the Shanghai Municipal People’s Government unveiled an ambitious plan...
ILO Study Underscores Safety and Health Risks Facing Seafarers
Seafarers aged 30+ accounted for most deaths, but younger seafarers are more prone to falling overboard.
Bulk carriers, cargo ships, tankers, and container ships were involved in the majority of fatalities.
Occupational accidents...
Ripple Effects of Tariff Shifts Push Freight Rates Across Key Global Trade Lanes
US tariff shifts have caused repeated swings in container shipping demand, distorting freight rates across major trade lanes.
Spot rates from the Far East to the US and South America East Coast surged...
China Imposes Exit Bans on U.S. Government Employee and Wells Fargo Banker
A U.S. Department of Commerce employee is currently barred from leaving China.
A Wells Fargo banker, also a U.S. citizen, is facing criminal charges and subject to an exit ban.
These cases raise...
NGO Shipbreaking Platform Highlights Key Shortcomings in the HKC
At least five workers were injured during shipbreaking activities on South Asian beaches in Q2 2025, as 74 ships were dismantled globally.
The NGO Shipbreaking Platform criticizes the Hong Kong Convention (HKC) for...
Strategic Marine Expands South Korean Reach with Yeosu Ocean Delivery
Strategic Marine has completed its first delivery to South Korea, supplying a 27m Crew Transfer Vessel (CTV) to Yeosu Ocean Co., Ltd.
The vessel, Ventus Camillia, is built on the proven StratCat 27...
LNG Carrier Scrapping Rises as Industry Awaits Rebound in New Orders
The number of LNG carriers scrapped in 2025 has already matched the total for 2024, signaling an accelerating phase-out of aging vessels.
Despite a sharp decline in new orders, the shipbuilding sector expects...
Israeli Strikes on Yemen’s Hodeidah Port Mark Escalation in Conflict with Iran-Backed Houthis
The conflict in the Red Sea and surrounding regions continues to escalate, with the Israeli military conducting a fresh attack on Houthi targets in Yemen's Hodeidah port on Monday. This latest assault is part...
Philippines Launches the First-Ever Methanol-Powered KAMSARMAX Bulk Carrier
TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. launched the world’s first methanol dual-fuelled KAMSARMAX bulk carrier on 17 July 2025 in the Philippines.
The vessel achieves significant emission reductions and is designed for environmental performance...