GTT Secures Lloyd’s Register Approval For New Three-Tank Very Large Ethane Carrier Design
French containment specialist GTT has received an Approval in Principle (AiP) from classification society Lloyd’s Register for a new three-tank Very Large Ethane Carrier (VLEC) design. Developed in collaboration with China Merchants Heavy Industry,...
U.S. Maritime Regulator Weighs Action Over Spain’s Port Restrictions On Israel-Linked Cargo
The U.S. Federal Maritime Commission (FMC) has signaled it may take strong remedial action against Spain as it reviews restrictions imposed on vessels carrying cargo to or from Israel. The measures under consideration range...
U.S. Weighs Additional Coast Guard Assets to Intercept Fleeing Tanker
The United States is considering deploying additional Coast Guard resources to intercept and seize an oil tanker that has been attempting to evade boarding by U.S. authorities in Caribbean waters, reports Reuters.
The tanker has...
INTERMODAL: Newbuilding Market Holds Firm as Owners Place Strategic Orders
The latest Intermodal Weekly Market Report for Week 51 of 2025 shows that newbuilding activity remained robust in late December, with a broad mix of orders placed across containership, tanker and bulk segments, indicating...
MOL 2025 Safety Drive: Delivering the World’s Highest Safety and Quality
Mitsui O.S.K. Lines, Ltd. has announced that it held the MOL Safety Campaign from September to November 2025.
MOL Safety Campaign
"MOL Safety Campaign" is an annual initiative that involves discussions between crew members serving on...
Drewry’s World Container Index Ticks Up to $2,213 per 40ft Box
Drewry’s World Container Index increased 1% to $2,213 per 40ft container this week.
Detailed assessment for Thursday, 25 Dec 2025
The Drewry World Container Index (WCI) rose 1% to $2,213 per 40ft container, marking the...
Lessons Learned: Stowaways in the Steering Gear Trunk
In its recently released casebook containing safety lessons learned from maritime incidents, the Swedish Club describes a case of stowaways found in the steering gear trunk.
The incident
A container vessel had departed from Lagos and...
Hafnia Acquires 13.97% of TORM’s Issued Share Capital
Hafnia Limited has completed its acquisition of approximately 14.1 million A shares in TORM plc, following the fulfilment of all conditions precedent under a previously announced share purchase agreement with Oaktree Capital Management, L.P....
NGO Shipbreaking Platform Calls on EU to Tighten Ship Recycling Standards
Indian Beaching Yards Remain Excluded From EU Recycling List.
Safety and Environmental Concerns Persist at EU-Approved Facilities.
Call for Greater EU Investment in Green Ship Recycling Capacity.
The NGO Shipbreaking Platform is calling on...
Port of Oakland Handles 174,239 TEUs in November as Export Volumes Strengthen
The Port of Oakland moved 174,239 twenty-foot equivalent units (TEUs) in November 2025. Overall volumes declined compared with last year and the previous month. However, export performance remained a clear bright spot.
Total container traffic...