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...

Maritime Singapore Achieves Key Milestones In 2024 Amid Global Supply Chain Challenges

Despite global challenges, Maritime Singapore recorded an impressive performance in 2024. The Maritime and Port Authority of Singapore (MPA) released its annual report highlighting major achievements, initiatives, and strategic partnerships, with a strong focus...

Global Liner Schedule Reliability Surges Sea-Intelligence Report

The latest Global Liner Performance (GLP) Report by Sea-Intelligence (Issue 166) highlights a notable 7.4 percentage point month-on-month (M/M) increase in schedule reliability for May 2025, reaching 65.8%—the highest since November 2023. Compared to...

U.S. Ocean Imports from China Plunge Nearly 30% in June After Tariff Hikes

Containerized imports from China fell 28.3% year-over-year in June, stepping deeper into a two-month decline following steep tariff hikes. U.S. retailers are increasingly turning to Southeast Asian suppliers—imports from Vietnam, Indonesia, and Thailand...

Korean Lawmaker Backs U.S. Navy Repairs in South Korea for Strategic Edge

South Korean lawmaker proposes ship repair partnership with the U.S. to strengthen bilateral security and economic ties. Calls for special repair zones and legal frameworks similar to existing military agreements. Emphasis on industrial...

Yemen’s Houthi Rebels Attack Another Ship in The Red Sea, Killing 3

DUBAI, United Arab Emirates (AP) — An attack by Yemen’s Houthi rebels on a Liberian-flagged cargo ship in the Red Sea killed three mariners and wounded two others, a European Union naval force said...

Crowley Vessels Awarded for Commitment to Safety

The Chamber of Shipping of America has recognized 57 Crowley-owned or -managed vessels with its Jones F. Devlin Safety Awards, honoring the achievements and hard work of crews that together completed a total of...

Huangpu Wenchong Wins Latsco Deal for 1900TEU Feeders

CSSC Huangpu Wenchong Shipbuilding Co., Ltd. joined forces with China Shipbuilding Trading Co., Ltd. (CSTC) to formally sign a contract with Greek shipping giant Latsco Shipping for 2 “SWAN” 1900TEU feeder container ships independently...

Heidmar Acquires First Container Vessel for $25.25m

Athens-based pool operator and shipmanager Heidmar has announced its first-ever vessel acquisition, marking a strategic shift in the Nasdaq-listed company’s evolution from pure-play management to asset-backed operations. The Pankaj Khanna-led outfit has struck a deal...