Suez Canal Revenues Fall 63%, IMF Forecasts Further Decline
Egypt Loses $6 Billion as Red Sea Crisis Cuts Canal Traffic.
IMF Warns of Further Revenue Drop for Egypt’s Suez Canal.
Ship Rerouting...
Fire Erupts on Cargo Ship ‘FWN Adriatic’ in Port of Antwerp, Prompting Safety Alerts
A fire erupted on a cargo vessel docked near Antwerp’s Noordkasteel bridge on 16 July, producing heavy smoke and prompting emergency alerts to...
Yang Ming Rolls Out LNG Dual‑Fuel Orders in Partnership with Hanwha Ocean
Yang Ming has approved the construction of seven 15,000 TEU LNG dual-fuel containerships from Hanwha Ocean, with deliveries scheduled between 2028 and 2029.
...
Analysts Predict Container Shipping Overcapacity to Persist Until 2028
Liner overcapacity is expected to average 27% through 2028, driven by heavy newbuilding orders and a sharp decline in vessel demolition.
Smaller vessels—particularly...
Bahamas Maritime Authority Flags Sanctions Risks for Ships Linked to Russia
The Bahamas Maritime Authority (BMA) warns that Bahamian-flagged vessels linked to Russian ownership, trade, or financing risk removal from its ship registry if...
ICS Calls for Clearer Rules and Incentives in IMO’s Net-Zero Strategy
The IMO has agreed to the first global emissions pricing system for international shipping under the Net-Zero Framework (NZF).
ICS fully supports the...
India Targets Leadership in Green Marine Fuel to Meet Rising Global Shipping Demand
Green methanol and ammonia are emerging as key transition fuels for shipping, with methanol gaining early adoption due to ease of use and...
Asia–US West Coast Freight Rates Fall 24% as US Tariffs on EU and Mexico...
US tariffs on EU and Mexican goods are expected to raise import costs and sourcing volatility.
Ocean freight rates continue to drop due...
Drewry Reports 2.6% Drop in World Container Index and Transpacific Rates
Drewry’s World Container Index declined 2.6%, marking the fifth straight weekly fall.
The earlier rate surge linked to US tariffs in April has...
PSA Antwerp Joins Zero Emissions Port Alliance
PSA Antwerp has joined the Zero Emissions Port Alliance to support decarbonization in terminal operations.
The company is exploring fully electric straddle carriers...
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Swash Buckling Female Pirates?
Swash Buckling Female Pirates?
By Frederick Hedenberg
I'm rarely surprised by something I had given little or no thought to. This happened recently when a reader...
