Trump Administration Weighs U.S. Virgin Islands Shipping Registry To Boost Maritime Strength
The Trump administration is exploring a proposal to establish an international shipping registry in the U.S. Virgin Islands (USVI), aiming to expand the American-flagged commercial fleet. This move could enhance national security by reducing...
Port of New York And New Jersey Records Strong Cargo Growth In Q1 2025
The Port of New York and New Jersey has reported impressive growth in cargo volumes for March 2025 and the first quarter overall. With a nearly 12% year-on-year increase in total container traffic, the...
Seafarer Satisfaction Shows Modest Rise, But Key Welfare Concerns Persist SHI Q1 2025
The Mission to Seafarers' Seafarers Happiness Index (SHI) for Q1 2025 has reported a slight increase in overall seafarer satisfaction, rising to 6.98/10 from 6.91 in Q4 2024. While this marks a welcome improvement,...
Fincantieri, Newcleo & Pininfarina Unveil Visionary Nuclear Reactor At Venice Biennale
At the 19th International Architecture Exhibition of the Venice Biennale, Fincantieri, newcleo, and Pininfarina revealed a pioneering vision for the future of sustainable nuclear energy. The project marks a bold convergence of advanced nuclear...
Pyxis Tankers Secures $45 Million Loan To Fuel Fleet Expansion
Greek shipping company Pyxis Tankers is preparing for a strategic fleet expansion after signing a commitment letter for a bank loan of up to $45 million. The Nasdaq-listed firm aims to bolster its presence...
NYK Becomes First Japanese Firm To Purchase Climeworks’ CDR Credit Portfolio For Net-Zero Goals
In a strategic move toward achieving net-zero carbon emissions, NYK has entered a three-year agreement with Swiss climate tech company Climeworks to purchase a portfolio of carbon dioxide removal (CDR) credits starting in fiscal...
Lessons Learned: Foot Fracture During Elevator Inspection
During scheduled monthly inspections of an elevator on a large vessel, unplanned upwards movement of the elevator caused someone to get their foot to become stuck between the cage and the trunk ladder leading...
NatPower H, HyNaval Sign MoU on Green Hydrogen
NatPower H and HyNaval have signed a memorandum of understanding (MoU) to collaborate on the development of innovative maritime decarbonization solutions through the use of hydrogen as a clean energy source.
The agreement...
[Podcast] Freight Loop: Cancelled Sailings and Tariffs Analysis
In this Freight Loop, Drewry analyses the effects of tariffs on the surge of ’cancelled sailings’ and carrier capacity - and provide insight into future traffic volatility and rate increases. Presented by Drewry’s Managing...
Drewry World Container Index Drops 1% to $2,076 This Week
Drewry’s World Container Index decreased 1% to $2,076 per 40ft container this week.
Detailed assessment for Thursday, 08 May 2025
The Drewry WCI composite index decreased 1% to $2,076 per 40ft container, 80% below the...