Performance Shipping Advances Modernization Drive with Twin Suezmax Acquisitions
Performance Shipping Inc. is expanding its fleet with two 2019-built Suezmax tankers, M/T Eco Bel Air and M/T Eco Beverly Hills.
Each vessel, priced at USD 75.4 million, features advanced eco-design and energy-efficient...
Navigating the Regulatory Gap: Nuclear Meets Maritime
Lloyd’s Register recently hosted a pivotal workshop under the Nuclear Energy Maritime Organization (NEMO), marking a significant stride toward advancing nuclear energy application at sea. The event focused on bridging the gap between nuclear...
U.S. Port Imports Slip Below 2 Million TEUs Amid Rising Tariffs
U.S. container ports are projected to handle under 2 million TEUs monthly for the rest of the year as rising tariffs weigh on trade.
Retailers frontloaded imports earlier in the year to avoid...
Pacific Ocean Enters La Niña Phase, Impacting Global Maritime Outlook
La Niña conditions have formed in the equatorial Pacific and are expected to persist through the Northern Hemisphere winter.
The Panama Canal reported improved water levels and a 14.4% revenue increase as rainfall...
Maritime Groups Seek IMO Consensus on 2050 Climate Neutrality Goal
Seven leading shipping associations have urged the IMO to adopt the Net-Zero Framework (NZF) to achieve climate-neutral shipping by 2050.
The framework would establish binding global rules for emissions reduction and promote the...
The Brain Hack: Why Nonsense Works
A casual chat between two friends, Aman and Riya, navigating college or early career life in an Indian city.
Aman (A): Yo Riya, have you noticed how we’re always just... on? Like, my brain never...
Price Cap Drives Shift to Non-Western Tankers in Russian Oil Trade
An analysis of Russia's crude oil exports under the G7 price cap regime reveals a critical shift in the shipping market and differing policies among coalition members.
G7 Price Cap Mechanism
The G7 and its allies...
Digital Dependency Exposes Ports to Catastrophic Blackout Risks
An increasingly complex energy landscape and a rising dependency on digital systems are making power outages a significant and growing threat to the transport and logistics sector. Ports and terminals must enhance their resilience...
Panama Canal Reports Strong Fiscal Year 2025 with $5.7 Billion Revenue
An official statement from the Panama Canal Authority indicates a strong fiscal year 2025, marked by increased revenue and vessel traffic, positioning the canal for future investments.
Fiscal Year 2025 Performance
Preliminary and unaudited figures show...
Icebreaker and Tugs Successfully Refloat Vessel in Northwest Passage
The cargo vessel, which ran aground in the Canadian Arctic Northwest Passage on September 6, appears to have been successfully refloated following a complex, multi-stage salvage operation. The vessel's operator confirmed the success on...