Capesize Collapse and Looming Iron Ore Oversupply Signal Tougher Times Ahead
The global dry bulk shipping market is currently experiencing a downturn, primarily due to a sharp and unexpected collapse in Capesize rates in the Pacific basin. These rates have plummeted by nearly 70% in...
Dryad Global Report Details Complex and Shifting Maritime Security Risks Across Key Regions
Dryad Global's latest Maritime Intelligence Brief confirms that the global maritime landscape remains highly volatile, driven by ongoing geopolitical tensions and regional instabilities. The report offers a crucial "snapshot of threat levels, key developments,...
Seabound Pilots Modular System Aiming for 95% Emissions Reduction on Existing Vessels
The shipping industry faces a formidable challenge in decarbonization, often classified as a "hard-to-abate" sector due to its heavy reliance on fossil fuels and complex operational requirements. With over 50,000 cargo ships at sea...
Integrated Maritime Simulation Project Selected for K Program
A major industry-academic consortium led by MTI Co., Ltd. has launched a five-year project to create a next-generation Integrated Simulation Platform for ship design and operations.
The project focuses on digital twin technology,...
Anemoi Opens Cutting‑Edge Rotor Sail Production Facility
Anemoi Marine Technologies has launched a state-of-the-art Rotor Sail production hub in Jingjiang City, China, with a capacity of up to 250 units annually.
The facility integrates full-cycle manufacturing, testing, and delivery, powered...
U.S. Unveils Major Shipbuilding Revamp Under OBBBA Amid Trade Tensions
The U.S. has launched the One Big Beautiful Bill Act (OBBBA), allocating billions to modernize shipbuilding, boost domestic manufacturing, and reduce reliance on foreign-flagged vessels.
Funding includes $492 million for advanced shipbuilding technologies...
ABB And Royal Caribbean Group Sign 15-Year Deal To Optimize Cruise Fleet Performance
ABB has signed a 15-year service agreement with Royal Caribbean Group, strengthening their nearly 30-year partnership. The agreement covers 33 ships in Royal Caribbean’s fleet and aims to enhance propulsion performance, safety, and sustainability...
EDGE And DNV Collaborate On Zero-Emission Liquid Hydrogen Carrier Development
EDGE Navigation is developing a next-generation liquid hydrogen (LH2) carrier in collaboration with DNV and its selected shipyard, aiming to revolutionize short-sea hydrogen transport across Europe.
The vessel will be powered by zero-emission hydrogen propulsion...
IACS Council Advances Safe Decarbonization, Digitalization, And Governance Frameworks
The 91st meeting of the International Association of Classification Societies (IACS) Council, held in Beijing, showcased significant progress in decarbonization, digital transformation, and enhanced industry collaboration.
Hosted by China Classification Society, the C91 gathering brought...
Egypt’s Second Sokhna Container Terminal To Launch By End Of 2025
Egypt’s logistics and trade infrastructure is set for a significant upgrade as the Red Sea Container Terminals (RSCT) — a state-of-the-art, fully automated container facility at Sokhna Port — is expected to begin operations...