West Africa Demand Falls, European Gasoline Stocks Rise
The commissioning of Nigeria’s 650,000 b/d Dangote refinery is reshaping global gasoline trade dynamics, especially between Europe and West Africa. With Nigeria ramping up domestic fuel production, European refiners long reliant on exports to...
Elomatic’s Elogrid™ Thruster Enhances Performance Of New German Research Vessel
Elomatic, an international consulting and engineering company, has completed the successful installation of its patented Elogrid™ tunnel thruster technology on the METEOR IV, a 10,000 GT special purpose research vessel.
Built by MEYER FASSMER Spezialschiffbau...
“K” Line Wind Service And SN Marine Form Capital Alliance
“K” Line Wind Service, Ltd. (KWS), a joint venture between Kawasaki Kisen Kaisha, Ltd. and Kawasaki Kinkai Kisen Kaisha, Ltd., has entered into a capital alliance with SN Marine Co., Ltd. (SN Marine).
This partnership,...
MOL, TradeWaltz, And Suzuki Sign MOU For India Africa Cooperation
Mitsui O.S.K. Lines (MOL), TradeWaltz Inc., and Suzuki Motor Corporation have signed a Memorandum of Understanding (MOU) at the 9th Tokyo International Conference on African Development (TICAD 9) in Yokohama.
The agreement focuses on improving...
SCZONE Seals Green Fuel Partnerships with Japan
Agreements were unveiled at the Egypt-Japan Business Forum in Tokyo.
Ammonia bunkering facilities are planned at Sokhna and East Port Said.
TMG pact advances green hydrogen cooperation for ship fuel.
On August 19, the...
Linerlytica Flags Rate Slide and Record Ship Orders
Peak season cargo is front-loaded in June and July, muting tariff effect.
Transpacific and Asia-Europe rates continue to slide for the 10th consecutive week.
SCFI drops 35% over the period, with rebound prospects...
Drewry Index Extends Decline as Container Rates Fall Further
Ninth consecutive weekly decline in global container freight rates.
Tariff-driven volatility easing after sharp swings in May–July 2025.
Shanghai–Los Angeles spot rates down 2% to USD 2,494 per FEU.
Drewry’s World Container Index (WCI)...
WSC Urges Global Approach in FMC Flags of Convenience Inquiry
FMC opened a 90-day public comment period on flagging practices in May 2025.
FMC urged to engage more closely with IMO and its committees.
WSC commends FMC for addressing fraudulent registries and safety...
Panama Canal Launches Risk-Based Vessel Inspections
The initiative aims to speed up operations and uphold high safety standards.
Model reduces costs, delays, and environmental impact while improving compliance.
Physical inspections remain mandatory on first entry, valid for one year.
This...
Wuhu Shipyard Strengthens Global Presence with 37,000 DWT Asphalt Carrier Launch
Wuhu Shipyard launched the world’s largest asphalt carrier, a 37,000 DWT vessel built for TEODOR SHIPPING of the UAE.
The vessel features advanced cargo safety systems, green technologies, and intelligent design for efficient...