SCFI Plummets 14.3%, Signalling Global Shipping Rate Collapse

A major contraction is occurring in the global container shipping market, marked by the steepest decline in global shipping rates in nearly a decade....

SHI’s SAS System Executes Over 200 Automatic Controls on Container Ship

Samsung Heavy Industries (SHI) has successfully completed a trans-Pacific demonstration voyage of its proprietary artificial intelligence (AI) autonomous navigation system, SAS (Samsung Autonomous Ship)....

Klaipėda Port Accelerates Green Transition With New Power And Hydrogen Projects

Klaipėda State Seaport Authority is taking significant steps towards sustainable maritime operations with major investments in electrification and green hydrogen infrastructure. These initiatives align...

Asia’s LNG Market Opportunities And Challenges Amid Falling Prices

Asia’s liquified natural gas (LNG) market is on the cusp of a major transformation. According to energy consultancy Wood Mackenzie, the region represents an...

South Korea Advances LNG Bunkering With POSCO-KOSPO Collaboration

South Korea is taking a major step toward strengthening its domestic LNG bunkering capabilities through a Memorandum of Understanding (MoU) between POSCO International and...

India’s ₹69,725 Crore Push To Revitalize The Maritime And Shipbuilding Sector

Recognizing the strategic and economic importance of the maritime industry, the Union Cabinet led by Prime Minister Shri Narendra Modi has approved a landmark...

China’s First Methanol Dual-Fuel RoRo Vessel “Gang Rong”

China marked a major milestone in sustainable shipping with the maiden voyage of the world’s first 9,300 CEU methanol dual-fuel roll-on/roll-off vessel “Gang Rong.” Built...

Oil Loadings Resume at Black Sea Terminals After Recent Attacks

After a brief pause following drone assaults, two major oil export terminals on Russia’s Black Sea coast have resumed crude oil loadings. The interruptions...

World Maritime Day 2025: Healthy Oceans Are A Responsibility!

World Maritime Day 2025 focuses on the theme “Our Ocean, Our Obligation, Our Opportunity.” The International Maritime Organization (IMO) urges shipping to be...

RAD Eyes Growth in North America with New Expansion

RAD Propulsion, the UK-based innovator in next-generation electric marine propulsion systems, announced its expansion into the USA with the opening of an office in...