South Korea’s Investment Revitalizes U.S. Shipbuilding While Boosting Korean Competitiveness
South Korea has committed $150 billion to a U.S. fund aimed at revitalizing the American shipbuilding industry. This investment is part of a larger...
EU Sanctions Cause Ripple Effect: Nayara Energy Faces Stranded Cargo, Contract Terminations
Due to EU sanctions targeting Moscow and its oil trade, three ships carrying oil products from Nayara Energy are currently unable to unload their...
Global Bunker Indices Show Divergent Trends, HSFO and VLSFO Rise While Scrubber Spread Narrows
At the end of Week 31, global MABUX bunker indices moved in different directions. The 380 HSFO index rose by $7.71 to $472.92/MT, while...
BIMCO Predicts Softer Freight Rates and Lower Second-Hand Prices as Fleet Grows and Demand...
BIMCO’s latest Bulk Shipping Market Overview & Outlook for July predicts a weakening dry bulk supply/demand balance for both 2025 and 2026 compared to...
Understanding the Key Differences in Global and Regional Ship Recycling Regulations
Ship recycling is a highly regulated sector, governed by a complex and evolving set of international and regional frameworks. These regulations aim to ensure...
AMSA Releases 2025–2026 National Compliance Plan To Enhance Maritime Safety
The Australian Maritime Safety Authority (AMSA) has unveiled its 2025–2026 National Compliance Plan, detailing a strategic roadmap for regulatory focus across the maritime sector.
Rooted...
Lessons Learned: Laser Light Used to Attract Attention
A recent investigation has highlighted a safety incident in which a drifting vessel used a laser at night, creating a hazardous situation during maritime...
Engine Room Fire Near Egyptian Coast Quickly Contained By Emergency Response
Maritime emergency unfolded near Egypt's southeastern coast when a cargo vessel experienced a fire outbreak in its engine room. The incident occurred approximately 3...
Capital Orders Dual-Fuel LNG Containerships Amid Global Push
Greek shipowner Capital has entered into a $57 million agreement for the construction of two 2,800 TEU dual-fuel LNG containerships. These vessels, set for...
On Thin Ice: Why Black Carbon Demands Urgent Attention
A new report by Pacific Environment, titled On Thin Ice: Why Black Carbon Demands Urgent Action, highlights the critical threat black carbon emissions pose...
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