From Noise to Plastic: IMO Drives Global Action on Shipping’s Environmental Challenges
The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Dominguez, has indeed applauded the significant commitments made at the United Nations Ocean Conference...
Understanding and Preventing Dangerous Blackouts on Complex Modern Ships
Modern ships are increasingly sophisticated due to technological advancements, stricter regulations, and the demand for improved safety and efficiency. This complexity, however, often makes...
Beacon Report Flags Worsening Container Dwell Times Despite Fewer Ships at Sea
Global ports see rising container dwell times, especially in Jamaica, Bangladesh, South America, and parts of Africa.
Yard and berth inefficiencies—rather than offshore...
Container Charter Market Remains Strong Amid High Demand and Tight Ship Supply
Charter rates continue rising across vessel sizes, driven by high demand and limited ship availability.
Forward-fixing remains common, especially for large and high-spec...
Dry Bulk Market Shows Mixed Trends as Pacific Softens, Atlantic Holds Steady
Capesize activity in the Pacific remains steady, but rising tonnage supply is capping further rate gains.
Atlantic routes show mixed trends, with some...
Canada and Australia Impose Coordinated Sanctions Targeting Russian Fleet Operations
Canada and Australia expand sanctions on Russian-linked vessels and trade, targeting over 260 new ships.
Canada imposes export restrictions on nearly 1,000 items...
New Freightos Index: Israel-Iran Conflict Yet to Hit Shipping
The Israel-Iran conflict raises fears of a potential Strait of Hormuz closure, threatening global oil flows and freight market stability.
Container shipping rates...
VLCC Rates Surge Amid Israel-Iran Tensions
VLCC rates surged over 50% on MEG/East routes, driven by geopolitical tensions and market uncertainty.
Suezmax activity picked up in the West, while...
Strait of Hormuz Tensions Disrupt Global Shipping and Energy Trade
The mid-June 2025 escalation between Israel and Iran has renewed fears of disruptions in the Strait of Hormuz, a vital chokepoint for global...
HD Hyundai Aims for Eco-Friendly Shipping with Wind-Powered Sail System
HD Korea Shipbuilding & Offshore Engineering has developed a 30-meter wind sail designed to reduce greenhouse gas emissions using wind power.
A land-based...
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APLICATIONS
Retired Freighter Transformed into Rest Spot for Museum Visitors
A retired cargo ship that operated between Mokpo and Jejudo Island for 35 years has become an architecture installation that serves as a summertime...
