PSW Power To Deliver Shore Power Solution For Northern Lights Phase 2

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PSW Power & Automation AS has secured a major contract to design and deliver a shore power system for ships at the CO₂ terminal...

COSCO SHIPPING Specialized Carriers And Dar es Salaam Maritime Institute Sign MoU

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Recently, COSCO SHIPPING Specialized Carriers and the Dar es Salaam Maritime Institute signed a landmark cooperation memorandum at the Tanzania Port Authority. The agreement...

Busan Container Export Index Drops 6.8% Amid Broad Trade Lane Weakness

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Busan’s container export market continued to slide last week, with the KOBC Container Composite Index (KCCI) falling 6.79% to 1,785 points, according to the...

HD Hyundai to Build World’s Largest Shipyard in Saudi Arabia

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HD Hyundai is expanding its collaboration with Saudi Arabia in the shipbuilding and offshore industries, positioning itself as a key partner in the Kingdom’s...

Panama Canal Sees Record Container Traffic But Overall Transits Remain Below Capacity

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The Panama Canal Authority (ACP) has cautioned that overall traffic through the waterway will remain below pre-drought levels next year, as softer US import...

VLCCs in the Spotlight: A Resurgent Market in 2025

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After a period of subdued earnings, the Very Large Crude Carrier (VLCC) sector has reemerged as a focal point in the tanker freight markets,...

The Rise and Fall of Container Spot Rates — What It Suggests for 2026

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SCFI Shanghai-US west coast index has dropped to just $1,460 per feu, its lowest point since July 7, 2023. Spot-rate assessments for east-west...

Fire Aboard Containership Leads to Diversion to Busan

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On September 27, 2025, a containership en route across the Pacific diverted to a South Korean port after a fire broke out onboard during...

Nuclear Energy Poised to Transform Maritime Sector, Says ABS CEO

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Nuclear energy is “emerging as a legitimate, practical, and scalable solution for a wide range of strategic uses,” ABS Chairman and CEO Christopher J....

Samsung Heavy’s AI-based Ship Navigation Triumphs in Pacific Test

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Samsung Heavy Industries has completed a transpacific voyage using its in-house developed autonomous navigation system, underscoring the growing race among Korean shipyards to lead...
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