Hong Kong Sets Course for Sustainable Growth in Global Maritime Industry

Hong Kong Ranked Fourth Globally in the Shipping Index. Maritime Cluster Expands With New Service Launch. Tax Concessions Aim to Boost High-Value Maritime...

Asia–US Container Rates Slide as Capacity Expands

Market Sentiment Supports US West Coast Spot Rates. Freight Forwarder Discounts Narrow Further. Drewry and SCFI Signal Softer Container Pricing. Container rates from Asia...

Iran Confirms Seizure of Oil Tanker in Gulf of Oman

IRGC Says Cargo Confiscated Under Judicial Order. Iranian Media Claims Illicit Petrochemical Transfer. US Central Command Calls Seizure a Violation of International Law. Iran...

Fujairah Bunker Market Sees Continued Decline in October

Singapore Bunker Demand Eases Year on Year. 180 CST VLSFO Drops Sharply but Gains Month on Month. 380 CST VLSFO Slightly Lower on...

Amogy and Samsung Heavy Industries Sign Multi-Year Deal to Manufacture Ammonia-to-Power Systems

Amogy, a provider of scalable and efficient ammonia-to-power solutions, and Samsung Heavy Industries (SHI) today announced a multi-year strategic contract manufacturing partnership for the...

MPCC Secures Third Newbuild Deal of 2025 With Order for Four 4,500 TEU Boxships

Order at Jiangsu Hantong Ship Heavy Industry is third shipbuilding contract signed by the Oslo-listed owner this year. MPCC Orders Four New 4,500 TEU Boxships MPC...

Winter Ice Disrupts Shipments as Arctic LNG 2 Slashes Production

Russia’s sanctioned Arctic LNG 2 plant has started curbing gas production after reaching records in October, as the buildup of winter ice makes exports...

IMCA Unveils New Biodiversity Guidance to Advance Nature-Positive Marine Operations

The International Marine Contractors Association announced new guidance designed to help offshore and marine contractors better understand and manage their impacts on marine biodiversity....

NGOs Demand Zero-Carbon Shipping: Decarbonisation Tops Agenda at COP 30

At COP 30, a coalition of leading maritime NGOs has urged governments to ramp up their efforts to decarbonise shipping, warning that current commitments...

From Cape to Canal: Tanker Trade Flows Poised for a Major Reversal

Gibson Shipbrokers noted this week that a tentative ceasefire between Israel and Hamas has renewed expectations that Red Sea transits might gradually return to...