Major Geopolitical Shocks Shaping Q1 2025

Sanctions surged in Q1 2025, especially targeting tankers and firms in key jurisdictions. GPS jamming spiked, disrupting vessel tracking with long-distance anomalies and...

Asyad Shipping’s VLCCs Acquisition and Fleet Expansion Plans

Oman’s Asyad Shipping has acquired two very large crude carriers (VLCCs) for US$205 million. The two VLCCs, Landbridge Wisdom and Landbridge Glor, were...

GTT Acquires Maritime Data Specialist Danelec in €194 Million Deal

GTT (Gaztransport & Technigaz), a French technology and engineering group specializing in membrane containment systems for the transport and storage of liquefied gases, has...

Beyond Reflagging: The SHIPS Act’s Long-Term Plan for US-Built Vessels

Analysts at Poten & Partners, a tanker brokerage and market expert firm, have commented on the significance of the proposed SHIPS Act (comprising the...

Reduced Traffic Expected to Limit Panama Canal Closure Disruptions

The Panama Canal is planning a five-day closure of the west lane of the Pedro Miguel lock later in May 2025 for necessary maintenance...

US Trade Policy Creates Headwinds for Tanker Market Despite Stable Oil Demand

US trade/foreign policy has been one of the biggest headaches this year, and a key input into many of the issues mentioned below. The...

Far East to US Rates Stable Amidst Tariff Impact, Europe Rates Plummet

Average spot freight rates for shipping containers from the Far East to both the US West Coast and the US East Coast have remained...

AD Ports Group and SCZONE Sign 50-Year Agreement for Major Industrial and Logistics Park

AD Ports Group and the Suez Canal Economic Zone (SCZONE) have entered into a significant 50-year renewable agreement. This agreement grants AD Ports Group...

Yang Ming Honored With Sapphire Award For Championing Marine Conservation

Yang Ming Marine Transport Corporation has once again proven its environmental leadership by earning the prestigious Sapphire Award—NOAA’s highest honor—for the fourth time. This...

Kongsberg Maritime To Equip Matson’s New LNG-Powered Megaships

Kongsberg Maritime is set to deliver advanced integrated technologies for three 3,600 TEU LNG-powered container vessels being built at Philly Shipyard for Matson Navigation...