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...
Pause in Tariffs: Baltic’s Week 26 Container Round‑Up Drops Anchor!
With the 90-day pause in tariffs imposed by the USA set to end on 8 July, only a deal with the UK has been finalised so far, reports Baltic Exchange.
Pause in Tariffs, Rate Retreat
This...
World First: Hydrogen-Electric Tug No.1 Enters Service in China
China's first hydrogen-electric tugboat, the Hydrogen-Electric Tug No.1, was officially put into service at Qingdao Port, east China's Shandong Province, reports Fuel Cells Works.
Beidou navigation system
Compared to traditional fuel-powered tugboats, this vessel is expected...
IMO Sets Sail for Nuclear Future with New Regulatory Push
The International Maritime Organization (IMO) has formally agreed to start the revision of outdated regulations for nuclear-powered ships.
IMO agrees outdated regulations revision
The 110th session of the IMO’s Maritime Safety Committee heard proposals from...
BIMCO Projects 700 Million DWT to Be Recycled Over Next Decade
BIMCO forecasts up to 16,000 ships (700 million DWT) could be recycled over the next decade, doubling the number from the past 10 years.
Bulkers, tankers, and container ships are expected to account...
Hanwha Ocean’s Cybersecurity Concept for FPSOs Earns ABS Approval
Hanwha Ocean’s OT cybersecurity solution for FPSOs has received Approval in Principle (AIP) from ABS.
Developed with SIGA Data Security, the system enhances real-time threat detection and operational oversight.
The approval is part...