Ocean Container Freight Rates Edge Higher as Carriers Manage Capacity Ahead of 2026
Xeneta’s weekly ocean container shipping market update shows that in the week ending 6 November 2025 the average spot rate from the Far East to the US West Coast reached USD 2,756 per...
Beyond the Barrels: Structural Market Forces Driving the Dirty Tanker Rally
Breakwave Advisors reports that the current rally in the crude tanker market is being fueled by far more than rising oil volumes. Structural shifts in global trade dynamics, fleet composition, and supply-demand fundamentals...
Lloyd’s Register Issues Safety Alert on Steam System Failures and Steam Hammer Risks
Lloyd’s Register has issued a class news alert following a fatal incident involving a ship’s steam system, highlighting critical risks associated with steam hammer and expansion-joint failures.
According to the report, two fatalities occurred...
World’s Largest Ultra-Low Temperature Refrigerated Cargo Ships Delivered: Engineering Milestone in Cold-Chain Shipping
CCS announced the successful delivery of two ultra-low temperature refrigerated cargo ships—identified as “XIN XIANG LI 55” and “XIN XIANG LI 56”—constructed by Zhoushan Ningshing Ship Building & Repairing Co., Ltd. and surveyed...
Decoding Maritime Emissions: VLCS Emerge as Most Efficient Vessels, Feeder Ships Lagging in Intensity
The latest quarterly analysis from VesselBot, titled "Decoding Maritime Emissions, Q3 2025: Containership Emissions and Traffic on the Rise," offers a comprehensive look at the containership fleet's performance and operational dynamics amid complex regulatory...
EU Operation ATALANTA Deploys Warship as Somali Piracy Resurges Off Coast
The European Union's counter-piracy force, Operation ATALANTA, has deployed a warship to the coast off Somalia following a recent series of incidents, including the first suspected Somali piracy attack of its kind since 2024....
Somali Pirates Board Malta-Flagged Tanker Deep in Indian Ocean
A recent spike in piracy incidents off Somalia has culminated in the boarding of a Maltese-flagged tanker approximately 700 nautical miles offshore Mogadishu, marking a significant escalation in regional maritime risk.
Latest Incident and Response
The...
Russia’s Distressed Exports and Americas’ Structural Growth Drive Global Crude Surge
The global crude market is currently oversupplied due to seasonally high seaborne exports, and the question of which region will slow its growth first centers on the differing production incentives and geopolitical pressures facing...
DNV Issues New Guidance on Site Visits for FuelEU Maritime and EU MRV Compliance
DNV has issued new guidance on site visit procedures and compliance responsibilities for all vessels falling under the EU Regulations 2023/2917 (EU MRV) and 2024/2027 (FuelEU Maritime), ahead of the first FuelEU verification year...
Orca AI Launches Co-Captain, The World’s First ‘Waze of the Seas’ for Collaborative Navigation
Orca AI, an autonomous maritime navigation platform, has launched Co-Captain, which they describe as the world's first 'Waze of the Seas'. This new function enables connected vessels to share real-time, verified navigational data with...