India Launches ₹30,000 Crore Fundraising for Mega Vadhvan Port Project

Vadhvan Port to Handle 23 Million TEUs, Among World’s Top 10. Debt to Be Raised in Two Phases from Domestic and Global Lenders. ...

Trans-Pacific and Far East–Med Rates See Significant Drop

Overcapacity Makes GRIs Hard to Sustain for Carriers. East to Atlantic Freight Rates Remain Stable. Middle East Tensions Have Limited Impact on Liner...

Greek Shipping Leaders Encouraged to Adopt Innovation and Meet Compliance at ABS Committee Session

ABS Chairman and CEO Christopher J. Wiernicki called on Greek maritime leaders to align their procedures with evolving regulations, technology readiness, and safety...

NWSA Reports Year-to-Date Growth in 2025 Despite May Slowdown

The Northwest Seaport Alliance (NWSA), encompassing the ports of Seattle and Tacoma, has reported year-to-date (YTD) cargo growth through May 2025, despite experiencing a...

Samsung Heavy’s $3.5B Russia Deal Sinks

South Korean shipbuilder Samsung Heavy Industries said on Wednesday that two orders from Russia's Zvezda worth a total of 4.85 trillion won ($3.54 billion)...

Port of Long Beach Sees 8.2% Cargo Decline in May

Trade moving through the Port of Long Beach declined 8.2% in May due to tariffs and retaliatory tariffs, but a temporary pause on those...

Suez Canal Receives First Giant Container Ship in 15 Months

CMA CGM OSIRIS becomes the first large container ship to transit the Suez Canal since March 2024, signaling a return to normalcy after...

Frontline Ships Continue Persian Gulf Loading Amid Israel-Iran Conflict

  Global shipping major Frontline has continued to offer its ships for loading in the Persian Gulf amid the Israel-Iran conflict, and completed at least...

Spot Rates Drop on Transpacific Routes as Sailing Cancellations Ease

Transpacific Spot Rates Plunge Amid Weak Demand. Asia–Europe Rates Rise 5% as Peak Season Begins. Transatlantic Rates Hold Steady Despite Market Shifts. Global container...

India Prepares Oil Backup Plan in Case of Hormuz Disruption

1.5 Million Barrels Daily at Risk Through Hormuz Route. India May Curb Fuel Exports to Safeguard Domestic Needs. Reliance, Nayara Handle 82% of...