US Sanctions Relief Paves Way for Syria to Revitalize oil Trade Links
In a significant shift in its foreign policy, the United States has removed Syria's oil ministry, its two refineries (Homs and Banias), and its maritime authority from its sanctions list. This move, which became...
MOL Bay Links to Drive Competitiveness and Synergies in MOL Group’s Tugboat Business
Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, announced today, July 3, 2025, the establishment of MOL Bay Links Co., Ltd. This new holding company is designed to strengthen the...
Capesize Sees Renewed Activity, While Panamax and Handysize Remain Pressured
The Capesize market is seeing renewed activity, particularly on the C5 route from West Australia. There's been a noticeable uptick in enquiries from operators, miners, and those looking to secure vessels via tenders for...
Ocean Network Express Opens New Office in Greece
Ocean Network Express (ONE) will launch its Greece Foreign Branch in November 2025, enhancing its presence in the Mediterranean.
The new branch will assume responsibilities from E.N.A Shipping Agency S.A., ONE’s long-time agent...
VLCC Rates Plummet 50% as East Sees Highest Tonnage Supply of the Year Post-Iran-Israel...
With the Iran-Israel conflict now seemingly settled, the tanker market appears to be entering its anticipated summer phase, characterized by a notable surge in available tonnage in the East, reaching its highest levels of...
ECT Commences Electrification of AGVs and Terminal Trucks with EU Support
Hutchison Ports ECT Rotterdam (ECT) has officially commenced its ambitious plan to electrify operations at its Euromax terminal, marking a significant step towards its goal of becoming completely emission-free by 2035.
E-HERO: Driving Electrification at...
CSSC Shanghai Waigaoqiao Delivers 15 Ships, Wins 8 New Contracts
Shanghai Waigaoqiao Shipbuilding delivered 15 vessels totaling 1.40 million DWT and secured 8 new ship orders in H1 2025.
The shipyard launched the world’s first Aframax oil tanker with wind sail propulsion and...
KR Unveils First Ever Boil-Off Gas Recycling Demo
HD Hyundai Heavy Industries successfully conducted the world’s first technical trial to recycle boil-off gas (BOG) generated during LNG-powered ship construction.
The process converts evaporated LNG into usable urban energy, offering an alternative...
HKC Implementation Faces Headwinds in Key Shipbreaking Nations
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC), initially adopted in 2009, has had a protracted and intricate path to implementation. Its journey reflects years of arduous...
HD Hyundai Units Team Up To Accelerate Autonomous Ship Technology
Two affiliates of South Korea's HD Hyundai — Avikus and HD Hyundai ENT — have signed a memorandum of understanding (MoU) to fast-track the development and commercialization of autonomous navigation systems for ships, marking...