Shanghai Port Surpasses 50 Million TEUs Annually

Shanghai Port has once again made history by becoming the first in the world to surpass an annual container throughput of 50 million...

California Advances Floating Offshore Wind Energy Development

California has taken a monumental step toward its renewable energy goals with a new agreement between the California State Lands Commission and the Ports...

IACS Joins IMO’s 11th Ship Design and Construction Session

IACS reaffirms its commitment to supporting IMO's work by actively participating in SDC 11, scheduled from 13 to 17 January 2025. Several key...

LNG and LPG Markets: Year-End Review Amid Festive Period

The LNG market faced a challenging year in 2024, marked by subdued activity and minimal rate changes during the festive season. The BLNG1...

Expanding the U.S. Marine Highway System for Sustainable Trade

2023 NDAA Redefines Marine Highway Transportation Scope. MARAD and Volpe Center Collaborate on Marine Highway Opportunities. The Future of U.S. Waterways: Key Findings...

IMO Approves Revised GMDSS Operating Guidance Effective January 2024

New Advisory Highlights Use of GMDSS Equipment in Line with SOLAS Chapter IV. Masters Urged to Broadcast Distress Alerts via All Radiocommunication Systems. ...

ABS to Conduct ISPS Code Audits for Italian Administration Starting 2025

Italian Administration Selects ABS for ISPS Code Compliance Audits. ABS to Oversee Ship Security Plan Approvals and Certifications for Italy. Agreement Signed: ABS...

MICTSI Secures 25-Year Extension to Operate Mindanao Container Terminal

USD 100 Million Investment Planned to Boost MCT Capacity. New Berth Extension to Enable Larger Ships and Service Routes in Mindanao. PHIVIDEC and...

Capesize Rates Weaken Despite Early Signs Of Strength

The Capesize market had a volatile week, starting strong and then weakening. Early on, there were positive signs in both the Pacific and Atlantic...

VLCC Market Stabilizes, Aframax Sees Mixed Results

The market for Very Large Crude Carriers (VLCCs) transporting Middle East Gulf (MEG) crude experienced a slight decline this week. While there was sufficient...