Cargo Explosion Aboard Capsized Bulk Carrier
The Swedish Club reports of an onboard explosion aboard a bulk carrier.
What happened
The capesize bulk carrier had loaded steam coal in all seven of...
Drewry Index Drops 3% in Weekly Freight Rate Update
Drewry’s World Container Index decreased 3% to $2,350 per 40ft container this week.
Detailed assessment for Thursday, 14 Aug 2025
Drewry's World Container Index (WCI)...
Bunker Sales Surge in Singapore
Singapore's marine bunker fuel sales in July climbed to their highest in more than one and a half years, reports MarineLink.
Bunker Sales Surge
Sales at...
Hutchison Puts Brakes on $23B Ports Sale Amid Global Tensions
CK Hutchison delays US$23B ports divestment to 2026, citing deal complexity.
The net profit drops 92% due to UK telecom merger-related impairment.
The...
Korea and U.S. Launch Strategic Shipbuilding Alliance
In a strategic move to bolster joint shipbuilding ties between South Korea and the United States, senior officials from HD Hyundai met with high-ranking...
LNG Heavies: Tackling Onboard Operational Challenges
LNG cargoes containing heavy hydrocarbons (C6+) are increasingly causing operational delays, equipment failures, and costly disputes for LNG carriers and LNG-fuelled ships.
Even...
Seatrium and Karpowership Expand Collaboration on Floating Power Projects
Seatrium to begin integration works in Singapore from Q1 2027.
Scope includes mechanical, electrical, and pre-commissioning works.
Three LNG carriers to be converted...
Everllence and MEYER RE Join Forces on Methanol Retrofit Solutions
Methanol retrofit packages offer cost-effective engine conversion.
MEYER RE to help develop holistic retrofit concepts for entire ship systems.
A holistic approach is...
India’s Russian Crude Imports Fall on Sanctions but Trade Remains Resilient
Sanctions and EU price-cap rules add logistical inefficiencies.
Shortage of non-sanctioned tonnage is the key bottleneck.
17 additional vessels are needed to restore...
Xeneta: Container Spot Rates Hit 2025 Low as Capacity Surges
Far East–US West Coast spot rates fall to just above USD 2000/FEU, the lowest since late 2023.
US East Coast and Mediterranean trades...