Everllence Confirms Successful Run of Ethanol-Fuelled Four-Stroke Engine
Everllence announced that its 21/31 dual-fuel four-stroke engine has successfully run on ethanol at its test facility in Frederikshavn, Denmark. The engine performed across all load points, showing that the platform can operate on...
Seasonal Correction Expected as Capesize Rates Face Pressure
Capesize spot rates near $40,000 remain above seasonal norms, with futures signaling a sharp correction ahead.
Vale projects the seaborne iron ore trade to stay broadly flat over the next five years.
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US Container Imports Drop in November, But Still Strong Historically
US container imports fell 7.8% in November compared with last year, partly due to weak demand from China and one less shipping day.
Imports from China dropped nearly 20%, dragging overall volumes downward.
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CSM Launches “She Beyond” Initiative to Boost Women’s Representation at Sea
CSM has expanded its commitment to women in maritime with the launch of the “She Beyond” initiative, a programme created to strengthen support for women working at sea. The company brought female seafarers from...
Dongwon Group Reopens Review of Potential HMM Acquisition
A renewed study is under way to examine whether a new attempt to acquire HMM is possible. According to local reports, the conglomerate’s leadership instructed management to re-evaluate the feasibility of another bid. This...
Floating Storage Hits Three-Year High as Offshore Volumes Climb Across Tanker Segments
Floating storage climbed to its highest level in three years as offshore crude volumes grew quickly across VLCC, Suezmax and Aframax fleets. The latest data shows a clear break upward through late 2025. Crude...
Market Pulse Week 49 (2025): Freight Pressure Builds as Carrier Strategies Face Scrutiny
ZIM’s position as an independent carrier is entering a critical six-month window. The potential sale of the company faces several complications. Its Israeli ownership adds geo-political hurdles, and its valuation remains a major issue....
China Unveils Breakthrough Desalination Facility Producing Ultra-Low-Cost Water and Green Hydrogen
China has introduced a cutting-edge seawater-desalination facility in Shandong that delivers fresh water at just two yuan per cubic metre while also generating green hydrogen. The installation, located in the coastal city of Rizhao,...
Asia Sees Zero Piracy Incidents This Week, But Vigilance Remains Key
Over the past week, 2-8 December, no incident of piracy or armed robbery against ships in Asia was reported to the ReCAAP ISC.
ReCAAP Urges Continued Vigilance in High-Risk Maritime Zones
The ReCAAP ISC advises ships...
GTT Boosts Investment in bound4blue to Scale Wind-Powered Shipping Technology
GTT Strategic Ventures, the investment fund of the GTT Group, announces that it has increased its stake in bound4blue as part of the company’s €38 million funding round, further strengthening the partnership initiated in 2023.
Driving...