China–U.S Container Freight Rates Decline as Market Reverts to Pre-Tariff Levels
Freight rates from China to the U.S. have returned to pre-tariff levels.
Overcapacity, weak demand, and blank sailings are key contributors to the decline.
Asia–Europe rates are showing mixed movement, with pressure building.
...
PowerAlign by Cavotec Delivers Flexible Shore Power for Terminals
Cavotec has launched PowerAlign, a modular and mobile shore power solution for container terminals.
The system occupies less than 3.5 m² and keeps the quay area clear for operations.
PowerAlign offers up to 140 m...
Iraq Ramps Up Oil Shipments, Signaling Stronger Production Push
Iraq plans to significantly raise exports of destination-free Basrah Medium crude in August, adding up to 4 million extra barrels.
The increase aligns with OPEC+ efforts to ramp up oil output, even as...
Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy, Forcing Imminent Closure
Israel's only southern seaport, the Port of Eilat, is set to cease all commercial operations from July 20, 2025. This critical decision stems from a severe financial crisis exacerbated by the ongoing Red Sea...
Russia Continues Arctic LNG 2 Exports with Sanctioned Vessels
A liquefied natural gas (LNG) vessel, the Voskhod, which is subject to U.S. sanctions, has recently docked at Russia's Arctic LNG 2 plant. This marks the second time a sanctioned vessel has called at...
Capesize Dominates Dry Bulk Freight Gains, Panamax and Ultramax Markets Show Signs of Stabilizing
The dry bulk shipping market witnessed a dynamic week, with Capesize vessels leading a robust rally, while Panamax and Ultramax/Supramax segments experienced more mixed or moderating trends after initial gains.
Capesize Market
The Capesize market experienced...
VLCC and Suezmax Rates See Welcome Upturn, Bolstering Crude Tanker Earnings
Last week has brought a positive shift in the LR2 (Long Range 2) tanker freight market in the Middle East Gulf (MEG), with rates recovering and then stabilizing after an earlier dip. LR2s are...
Combating Cargo Abandonment: How Operators Can Identify Risks, Vet Clients, and Act Swiftly
Abandoned cargo poses a persistent and costly challenge for transport and logistics operators globally. These issues arise from various factors, including commercial disputes, consignee insolvency, or complex regulatory hurdles. Unclaimed cargo can lead to...
Europe’s Busiest Cruise Port Barcelona to Scale Back Amid Overtourism Concerns
The Port of Barcelona, currently recognized as Europe's busiest cruise port, is set to scale back its passenger terminal capacity significantly by 2030. This strategic decision is a direct response to growing concerns about...
60-Year-Old Farmer Builds Submarine by Hand
Zhang Shengwu, a 60-year-old farmer from Maanshan, Anhui province, has stunned many by single-handedly building a functional submarine named Big Black Fish.
His journey from carpentry and welding to crafting underwater vessels reflects a story...