Cancelled Sailings Tracker: Weekly Trends Indicate Shifting Market Dynamics
Cancelled sailings on major East–West routes are set to decline, with a sharper drop forecasted on the Transpacific in July.
Despite reduced cancellations, spot rates are falling due to capacity outpacing demand, especially...
U.S. Grain Shipments Up 9% in H1 2025 Despite Sharp Decline in Exports to...
U.S. seaborne grain shipments rose 9% year-over-year in H1 2025, driven by stronger maize exports.
Despite a steep drop in exports to China due to higher tariffs, the U.S. redirected cargoes to Asia,...
India’s ONGC and Japan’s Mitsui OSK Partner to Build Ethane Carriers
ONGC has signed an agreement with Japan’s Mitsui O.S.K. Lines to develop and operate two Very Large Ethane Carriers (VLECs).
The vessels will transport imported ethane to ONGC Petro additions Ltd (OPaL), supporting...
Performance Shipping Eyes Fleet Growth After $100 Million Nordic Bond Market Raise
Greek tanker operator Performance Shipping has raised $100 million through the Nordic bond market to support fleet expansion or repurchase existing bonds.
The bonds, maturing in July 2029, carry a 9.875% annual fixed...
Beihai Shipbuilding Launches First 319,000 DWT VLCC Ahead of Schedule
CSSC Qingdao Beihai Shipbuilding launched its first 319,000 DWT VLCC for Belgium-based CMB.TECH’s Euronav on June 30, 2025.
The vessel was completed 58 days ahead of schedule, following strict quality and process standards.
...
Methane Emissions in Shipping Higher Than We Thought, Study Finds
Ship movements in shallow, organic-rich waters can release methane emissions up to 20 times higher than in undisturbed areas.
Methane fluxes are linked to ship-induced pressure changes and water mixing, not just LNG...
Ocean Carriers Warn of No End in Sight for Global Shipping Gridlock
Persistent disruptions, including Red Sea rerouting, port congestion, and trade tensions, are severely impacting global shipping operations.
Vessel schedule reliability has fallen to 58.7%, with ships running slower to conserve fuel and comply...
Dryad Global Report Reveals Shadow Fleet’s Sophisticated Evasion Tactics Amid Escalating Sanctions
Dryad Global's report, "Shadow Fleet Exposed by Sanctions and Sensors," offers a stark look at the evolving battle against illicit maritime operations. The key takeaway from the report is how Western sanctions, combined with...
NMA Requires Immediate Action on Vulnerable Emergency Stop Systems on Ships
The Norwegian Maritime Authority (NMA) has issued a significant safety warning regarding a critical flaw found in the design of emergency stop (E-stop) devices on some vessels. Specifically, the NMA is concerned about systems...
Trans-Pacific Lanes Experience Steep Drops While Asia-Europe Shows Resilience
Global container freight rates are currently experiencing a notable decline, as indicated by the latest figures from the Freightos Baltic Index (FBX).
Trans-Pacific Routes See Sharpest Declines
The most dramatic shifts occurred on the trans-Pacific lanes,...