Global Bunker Fuel Market to Hit $280 Billion as Low Sulfur Fuel Oil (LSFO)...
The global marine bunker oil market is projected to grow from $151.0 billion in 2023 to $280.7 billion by 2033, driven by the...
COSCO Joins Global Carriers in Deploying Methanol Mainliners for Cleaner Operations
COSCO has deployed its first methanol-powered mainline vessel, joining Maersk, HMM, and CMA CGM in adopting alternative fuels.
The shift marks a broader...
HII and C3 AI Forge Strategic Alliance to Accelerate AI-Driven Shipbuilding for U.S. Navy
HII and C3 AI partner to integrate artificial intelligence across shipbuilding operations at Newport News and Ingalls divisions.
The collaboration aims to boost...
$17.5 B LNG Project Awards Dredging Contract to U.S. Giant
Great Lakes Dredge & Dock Corporation (GLDC) has been awarded the dredging contract for the Louisiana LNG project operated by Woodside Energy.
The...
US Sanctions Relief Paves Way for Syria to Revitalize oil Trade Links
In a significant shift in its foreign policy, the United States has removed Syria's oil ministry, its two refineries (Homs and Banias), and its...
MOL Bay Links to Drive Competitiveness and Synergies in MOL Group’s Tugboat Business
Mitsui O.S.K. Lines, Ltd. (MOL), led by President & CEO Takeshi Hashimoto, announced today, July 3, 2025, the establishment of MOL Bay Links Co.,...
Capesize Sees Renewed Activity, While Panamax and Handysize Remain Pressured
The Capesize market is seeing renewed activity, particularly on the C5 route from West Australia. There's been a noticeable uptick in enquiries from operators,...
Ocean Network Express Opens New Office in Greece
Ocean Network Express (ONE) will launch its Greece Foreign Branch in November 2025, enhancing its presence in the Mediterranean.
The new branch will...
VLCC Rates Plummet 50% as East Sees Highest Tonnage Supply of the Year Post-Iran-Israel...
With the Iran-Israel conflict now seemingly settled, the tanker market appears to be entering its anticipated summer phase, characterized by a notable surge in...
ECT Commences Electrification of AGVs and Terminal Trucks with EU Support
Hutchison Ports ECT Rotterdam (ECT) has officially commenced its ambitious plan to electrify operations at its Euromax terminal, marking a significant step towards its...
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