ABS Opens Hellenic Ship Safety Center In Athens
American Bureau of Shipping (ABS) has launched the Hellenic Ship Safety Center (HSSC) in Athens, a next-generation training facility that introduces immersive learning techniques such as virtual reality (VR), game-based scenarios, and simulated ship...
India Launches SMFCL First Maritime NBFC To Boost Port & Shipping Projects
In a landmark development for India’s maritime sector, Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal, officially inaugurated Sagarmala Finance Corporation Limited (SMFCL) — India’s first dedicated Non-Banking Financial Company (NBFC) in...
Santa Marta Named World’s Most Reliable Deep-Sea Port In New Global Ranking
A new analysis by Sunday Spotlight (Issue 720) ranks the world’s deep-sea container ports based on schedule reliability, revealing surprising results that challenge traditional assumptions about global port performance.
Methodology: Weighting Recency and Volume
The study...
Iran-Israel Conflict could Herald New Era of Reduced Energy Risks: Experts
Conflict reveals supply impacts now 'taboo'
Risk premiums vanish after Iranian response
Market fundamentals outweigh short-term uncertainty
The hesitation of Iran and Israel to disrupt crude supplies in their recent 12-day conflict – and...
Tanker Markets Face Summer Weakness After Rollercoaster Ride Amid Conflicts
Wild swings of VLCC rates appear to be over for now
Normal tanker operations gradually resume
Geopolitics, GNSS interference still pose risks
Oil shipping rates are facing downward pressure from seasonal demand weakness after...
US Demand for China-Made Goods EBBS on Tariff Worries; Ocean Shipping Rates Drop
Drewry's World Container Index drops 9% for second week
Shangai-US West Coast shipping rates dive to $2,500 from $6,000
US Fed Chief Powell sees tariff inflation starting this summer
Rates for shipping cargo containers...
Gulf Shipping Costs Drop as Israel-Iran Ceasefire Holds
Shipping costs for the Gulf have fallen after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday.
The conflict had raised...
Baltic Exchange Gas Round-Up: LNG Rides High, LPG Takes a Breather
The Baltic Exchange’s Gas Report for Week 26 (ending June 28, 2025) presents a mixed landscape in the global gas shipping sector, with LNG freight rates showing strength in key regions, while LPG rates...
High Seas Breach: Armed Boarding Jolts Singapore Strait Shipping
A serious maritime security incident unfolded on June 26, 2025, in the Singapore Strait, where four individuals, including one reportedly armed with a gun-like object, illegally boarded a tanker navigating through the Phillip Channel,...
MOL Sets Sail on Japan’s First Biofuel Voyage for an Electric Utility
Mitsui O.S.K. Lines (MOL) has announced that it refuelled its operated coal carrier Hokulink with B30 biofuel at Yeosu Port, South Korea.
MOL tests B30 Biofuel
The scrubber-equipped vessel, which transports coal for Hokuriku Electric Power...