Chinese Shipyard Secures Major VLCC Contract Worth Up to USD 600 Million
A leading Chinese shipbuilder has finalized a significant contract to construct up to four Very Large Crude Carriers (VLCCs), valued between USD 400 million and USD 600 million. The deal marks one of...
Korea Strengthens Maritime Trade Links with New Regional Partnership to Boost Shipping Connectivity
The Korean government has announced a strategic agreement with a Southeast Asian nation aimed at enhancing shipping infrastructure, port operations and logistics connectivity across maritime corridors. This partnership focuses on boosting regional freight...
U.S. Container Imports Stall in October as Trade Slowdown Ripples Through Global Shipping
The latest Global Shipping Report by Descartes Systems Group indicates that U.S. container imports remained nearly unchanged in October, reaching 2.3 million TEUs, a marginal decline of 0.1% from September. Year-on-year, imports dropped...
Single Faulty Source Compromises Global AIS Data: 609 Vessels Falsely Displayed in the Baltic...
An anomalous surge in Automatic Identification System (AIS) data on November 2 caused hundreds of vessels from around the world to be incorrectly displayed as actively sailing in the Baltic Sea. This incident, though...
ReCAAP ISC Reports Single CAT 3 Armed Robbery Incident in Asia, Advises Enhanced Vigilance...
The ReCAAP ISC (Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre) has reported a single Category 3 (CAT 3) incident of armed robbery against ships in...
France Joins Jeddah Amendment To Strengthen Regional Maritime Security
France has officially signed the Jeddah Amendment to the Djibouti Code of Conduct (DCoC-JA) a major regional framework aimed at combating piracy, armed robbery against ships, and other maritime crimes in the Western Indian...
Qingdao Expands Iron Ore Capacity by 16 Mln Mt, Securing Supply for Northern China...
The commissioning of the second 400,000-DWT iron ore terminal at Dongjiakou Port, Qingdao, marks a critical milestone in China's port infrastructure and signals a strategic shift in the regional distribution of seaborne iron ore...
ClassNK Issues Updated Guidelines For Ships Using Alternative Fuels
ClassNK has released the “Part A Guidelines for Ships Using Alternative Fuels (Edition 3.0.1)”, providing updated safety interpretations and documentation requirements for methyl and ethyl alcohol-fueled ships. The revised edition aims to enhance clarity...
Strong Atlantic Demand Drives Capesize, Panamax, and Supramax Rates
The dry bulk market is characterized by a strong, firming Atlantic basin across the Capesize, Panamax, and Supramax segments, while the Pacific market shows a more mixed performance with strong specific trades but overall...
VLCC and Suezmax Segments Signal Robust Trend as Atlantic Pulls Vessels from Middle East...
The crude tanker market is currently exhibiting firming sentiment and tightening tonnage across the major segments, signaling a robust trend toward year-end.
VLCC Market
The VLCC market has rebounded strongly after a brief downward correction.
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