World’s First Dual-Purpose LCO₂ / Methanol Carrier Approved in Principle by ClassNK
Breakthrough Vessel Enables Dual Transport of CO₂ and Synthetic Methanol.
New Carrier Boosts Efficiency in Carbon Capture and Green Fuel Supply Chains.
Japan Advances CCUS with Innovative LCO₂ / Methanol Transport Solution.
Mitsubishi Shipbuilding...
576 Containers Lost at Sea in 2024 Following Red Sea Disruptions
New Global Safety Measures and Mandatory Reporting Set for 2026.
WSC Launching Cargo Safety Program in 2025 to Prevent Dangerous Goods Incidents.
Industry Commits to Transparency Despite Rising Challenges.
The World Shipping Council (WSC)...
Lessons Learned: LOTO Failures and Unsafe Electrical Practices Identified During Audit
A walkaround audit conducted aboard a vessel revealed two critical safety deficiencies in the engine room, as reported by the International Marine Contractors Association (IMCA). The audit identified improper application of Lock Out/Tag Out...
Bulk Report Week 26: Capesize Declines, Others Hold Steady
The Capesize segment saw a sharp rate drop due to weak Pacific activity and oversupply, with C5 and C3 routes both declining.
Panamax markets remained active, especially in the Atlantic and South America,...
Fair Use vs. Illicit Data: US Courts Draw Clear Lines on AI Training with...
Recent rulings by two U.S. District Judges have offered a nuanced perspective on the legality of training Artificial Intelligence (AI) models using copyrighted books
Judge Alsup's Ruling in Bartz v. Anthropic
Training on Copyrighted Works as...
Fire on Scrap Metal Ship at Hull Port Causes Widespread Smoke, Triggers Emergency Response
On June 27, 2025, a cargo ship carrying scrap metal caught fire while moored at Albert Dock in Hull, England. The incident, which began around 10 a.m. BST, sent thick plumes of smoke drifting...
VLCC Freight Rates Plunge, While Suezmax and Aframax Markets Show Mixed Fortunes
The past week has seen a significant downturn in freight rates for LR2 (Long Range 2) product tankers, both East and West of Suez, indicating a softening market across key clean petroleum product routes.
VLCC
The...
Iranian Exports See Mid-June Slowdown, But China’s Imports Remain Robust After Pre-Conflict Rush
China's oil imports from Iran experienced a significant surge in June 2025, reaching record highs despite ongoing U.S. sanctions.
China's Surging Imports
Record Loadings: Iran's export loadings reached a multi-year high of 1.83 million bpd in...
New Reporting Requirements for GHG Compliance Services
The International Maritime Organization (IMO) has introduced significant amendments to MARPOL Annex VI, specifically regarding the Data Collection System (DCS) for fuel oil reporting and the Ship Energy Efficiency Management Plan (SEEMP) Guidelines. These...
Green Fuel Supply and Government Backing Crucial for Maritime Transition
Green corridor progress is hindered by regulatory uncertainty and funding challenges.
Only 24 of 62 initiatives have reached feasibility study stages; none are fully operational.
Broader industry adoption is needed to build a...