Economies Face $14 Billion in Annual Losses from Maritime Chokepoint Disruptions
Disruptions at major maritime chokepoints impact nearly $192 billion in global trade each year.
The global economy loses an estimated $14 billion annually due to delays, rerouting, insurance, and higher freight rates.
Strategic...
Japan Unites Shipbuilders and Carriers to Accelerate Next-Generation Low-Carbon Vessel Development
Japan’s largest shipping groups are tightening their partnership with major domestic shipyards to accelerate development of next-generation low-carbon vessels, beginning with liquefied carbon dioxide (LCO₂) carriers for carbon-capture projects, according to Nikkei Asia and...
China’s First Private-Built Ultra-Large LNG Carrier “Xinfu124” Begins Sea Trials
The "Xinfu124", a 175,000-cubic-meter liquefied natural gas (LNG) carrier built by Jiangsu Yangzi Xinfu Shipbuilding in Taixing, embarked on its ocean trials on Nov 20, under the coordination and support of maritime authorities.
Yangzi Xinfu...
Suez Canal Voyages Gain Premium as Owners Avoid Risky Route
Owners Reluctant Despite Improved Security.
Charterers Push for Suez but Struggle to Find Suez-Suitable Ships.
Insurance and UBO Profiles Key to Route Eligibility.
Clean tanker voyages through the Suez Canal are now costing an...
Global Schedule Reliability Drops in October as Carrier Performance Diverges
Global Reliability Falls to 61.4% in October 2025.
Average Vessel Delay Rises to 4.98 Days.
Maersk Leads Carriers; PIL at the Bottom.
The global industry saw a drop in schedule reliability, slipping 3.5 percentage...
UK Plans ETS Expansion to Cover International Maritime Emissions
UK Consults on Adding International Voyages to ETS from 2028.
50% Emission Coverage Proposed for UK-Linked Global Routes.
Full Coverage Achieved on UK–EEA Voyages via UK ETS + EU ETS.
The UK is gearing...
CMI’s Rosalie Balkin Wins International Maritime Prize for Outstanding Contribution
Dr Rosalie Balkin has received the prestigious International Maritime Prize for her exceptional contributions to global maritime law.
She is the first woman to lead the Comité Maritime International (CMI) and has played...
IIT Madras Launches India’s First Indigenous VTMS
India Deploys Home-Built Vessel Traffic Management System.
NTCPWC Develops VTMS Under Government Specifications.
System Enhances Port Autonomy and Data Security.
In a significant move towards achieving technological independence in the maritime industry, IIT Madras...
Singapore Overtakes Hong Kong in Global Ship Registry Rankings
Singapore Registry Climbs to Fourth Place Globally.
Liberia, Panama and Marshall Islands Hold Top Three Spots.
Singapore Adds 358 Ships and 26.2m GT in First Ten Months.
The ship registry in Singapore has officially...
Container Rates Ease Across Major Trade Lanes
Transpacific Spot Rates Decline for Third Straight Week.
Blank Sailings Reduce, Capacity Set to Rise Next Week.
Asia–Europe Rates Dip After Six-Week Uptrend.
The Drewry World Container Index has dropped by 2%, now sitting...