Shipping Industry Posts $5.9b EBIT in Q1 2025 Amid Market Uncertainty
Despite ongoing geopolitical challenges and market volatility, the global container shipping industry reported a combined Earnings Before Interest and Taxes (EBIT) of USD 5.9...
UN Security Council Extends Libya Arms Embargo Vessel
The United Nations Security Council has extended the authorization allowing member states to inspect vessels suspected of violating the Libya arms embargo. The measure,...
South Korea Updates Electric Vessel Standards
Revised “Electric Propulsion Vessel Standards” become effective 29 May 2025, introducing requirements for fuel-cell–powered ships, core system redundancy, and enhanced fire safety in...
Moeve to Supply 40,000 Tons of 2G Marine Biofuel to Canary Islands Operator
Moeve will deliver approximately 40,000 tons of second-generation marine biofuels to a Canary Islands ferry operator by the end of 2025, with an...
Six Newbuild Tankers to Feature Wind Propulsion Technology as Part of Sustainability Push
A leading wind propulsion company has signed a deal to deliver six rotor sails for newly commissioned tankers from a European shipping group.
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SGS FastRig Demonstrates Fuel Savings and Operational Advantages in Sea Trials
Smart Green Shipping (SGS) has announced the successful completion of sea trials for its innovative FastRig wind-assisted propulsion system, confirming its practical advantages for...
US Eyes Expanded Tech Sanctions to Close Loopholes for Chinese Firms
On Friday, May 30, 2025, major stock averages, including the S&P 500, experienced a downturn, falling 1%, in response to reports that the United...
Panamax Market Faces Another Challenging Week with Persistent Softening
The Capesize dry bulk market showed significant momentum this week, recovering from a slow start primarily attributed to Monday's UK bank holiday, reports Baltic...
VLCC Rates Plummet Across Global Routes, Weakening Tanker Market Sentiment
The LR2 tanker market in the Middle East Gulf (MEG) experienced a downward correction over the past few days, after peaking at the end...
A New Course for Green Shipping: Italy Pioneers Unified LNG and Bio-LNG Bunkering Guidelines
In a significant stride towards maritime decarbonization, Italy has become the first European Union country to issue unified Ship-to-Ship (STS) bunkering guidelines for both...
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