New Report Warns of “Rebound Effect” Threatening Severe Disruptions in Global Maritime Transport
The surprisingly announced 90-day tariff pause in the trade war between the US and China could destabilize global maritime trade more than the tariff...
Cargo Ship Captain Receives Significant Penalty After Müden Lock Collision
The captain of an inland cargo ship that crashed into a lock gate on the Moselle River in December 2024, causing traffic paralysis for...
Bearish Sentiment Dominates VLCCs, While Supramax and Aframax Face Regional Headwinds
The past week (roughly May 22-29, 2025) has seen a notably slow period for VLCC (Very Large Crude Carrier) activity in the tanker market....
Capesize Tonnage Tightens in Far East, Panamax and Supramax Rates Soften Globally
In the Pacific basin, there's a reasonable level of enquiries from both miners and operators for early-to-mid June dates. This suggests some underlying activity...
Mitsui O.S.K. Lines Wins Prestigious WIPO Prize for Groundbreaking Rigid Wing Sail Invention
Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, today announced a significant achievement in sustainable shipping. The company's "Invention of...
Wärtsilä to Power USA’s First Zero-Emission Electric High-Speed Ferries
Wärtsilä will supply the complete electric propulsion system for three zero-emission, battery-electric high-speed ferries, marking the first such vessels built and operated in...
Lomarlabs and BlueNose Collaborate on Shipping Aerodynamics
lomarlabs and BlueNose will integrate AI-driven shape generation and advanced materials to reduce ship air resistance and deliver up to 5% fuel savings.
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MOL’s Hydrogen-Biodiesel Hybrid Vessel Hanaria Wins Japan’s “Ship of the Year 2024”
Hanaria, Japan’s first passenger ship powered by hydrogen and biodiesel, wins the 2024 "Ship of the Year" award from JASNAOE.
Developed by MOL...
BIMCO: Oil Tanker Outlook Highlights Market Uncertainty
The crude tanker market is expected to remain balanced in 2025 before edging weaker in 2026, while product tanker capacity growth will outpace...
Mexico Opens Ethane Terminal, Boosting Trade and Shipping
The newly inaugurated TQPM import terminal in Coatzacoalcos will supply 80,000 bpd of ethane to Braskem-Idesa’s 1.05 mtpa cracker, resolving chronic feedstock shortages...
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More Plastic Than Fish in The Ocean?
Ocean plastic pollution was a focus at the recent UN oceans conference, which issued a declaration in support of an earlier decision by the...
