Vessel Evades Boarding Attempt off Somalia Crew Safe

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The United Kingdom Maritime Trade Operations (UKMTO) has reported a security incident approximately 332 nautical miles east of Mogadishu, Somalia. The event underscores ongoing...

JNPA Investment Strategy Heavily Weighted Towards New Vadhvan Port Development

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The memorandums of understanding (MoUs) signed by the Jawaharlal Nehru Port Authority (JNPA) for projects worth over ₹2.2 trillion cover both its existing facility,...

Seatrium Sells Brazilian Subsidiary To Enhance Capital Efficiency

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Singapore-based Seatrium has announced that it has entered into a binding agreement with Brazil’s Posidonia Shipping and Trading to sell 100% equity interest in...

Freight Buyers Gain Upper Hand As Ocean Markets Loosen Ahead Of 2026

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As 2025 nears its end, the global ocean freight market is entering a dramatic shift. Freight rates are falling, carriers are blanking sailings, and...

IBIA And INTERCARGO Forge Partnership To Strengthen Collaboration On Fuel Safety And Decarbonisation

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The International Bunker Industry Association (IBIA) and the International Association of Dry Cargo Shipowners (INTERCARGO) have signed a reciprocal membership agreement to enhance cooperation...

HD Korea Shipbuilding Reports 397% Surge In Q3 Net Profit Amid Strong Revenue Growth

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HD Korea Shipbuilding & Offshore Engineering Co. has reported a remarkable financial performance for the third quarter, achieving a sharp rise in both profit...

Navigating The Maritime 5.0 Era Leadership, Innovation, And Transformation In Shipping

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The shipping industry has entered a new phase the Maritime 5.0 world, characterized by rapid technological advancement, digital ecosystems, artificial intelligence, and sustainable fuels....

HD Hyundai & Siemens Forge Smart-Shipyard Alliance to Modernise U.S. Shipbuilding

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HD Hyundai has announced a strategic collaboration with Siemens aimed at transforming U.S. shipbuilding through the integration of smart technologies and advanced digital solutions....

IUMI Warns of Tough Waters Ahead as Marine Insurance Markets Face 2025 Headwinds

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The International Union of Marine Insurance (IUMI) has released its latest annual review, and while global marine insurance performed steadily in 2024, the outlook...

Lloyd’s Register Leads Global Launch of Maritime Future Technologies Innovation Centre

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Lloyd’s Register (LR) has announced the creation of the International Maritime Future Technologies Innovation Centre in partnership with COSCO Shipping Group, Shanghai Jiao Tong...
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