U.S. Coast Guard Rescues 32 from Sinking Boat Near Miami’s Monument Island

On Saturday, May 3rd, 2025, authorities reported the successful rescue of 32 individuals from a boat that was taking on water and sinking off...

Milestone for Green Shipping: Seaside LNG Celebrates 100th LNG Bunkering Operation

Seaside LNG, a prominent company in LNG production, bunkering, and maritime logistics, has reached a significant landmark in its LNG bunkering services. Their advanced...

India Launches its First Deepwater Transshipment Port

India launches its first deepwater transshipment Port with a 20+ meter natural draft. Developed through a public-private partnership and commissioned by India’s Prime...

Ripley Group Wins 15-Year Green Tug Charter

Kolkata-based Ripley Group succeeds the tender for an electric green tug held by Gujarat-based Port Authority with the lowest bid price Netincon Marketing...

Dry Bulk Market Weekly Summary Capesize Holds Firm as Smaller Segments Soften

This week’s dry bulk market reflected a mixed performance across vessel sizes. Capesize vessels continued to benefit from tighter tonnage and active cargo flows,...

Tanker Market Weekly Update LR1s and MRs Diverge While Crude Rates Slip Globally

This week’s global tanker market witnessed a mixed performance across vessel classes. Clean tankers showed varied trends, with LR1s experiencing significant rate drops while...

Syria Signs 30-Year Port Deal With CMA CGM For Latakia Terminal Expansion

Syria has signed a significant 30-year concession agreement with French shipping giant CMA CGM to upgrade and expand operations at Latakia Port, the country’s...

IMO’s Proposed GHG Regulations Inaction Not An Option For Shipping Industry

In an era of tightening climate regulations, the maritime sector faces a pivotal moment. A recent webinar hosted by Lloyd’s Register (LR) made it...

New Financing Guide Launched To Boost Wind-Powered Shipping Projects

To support the growing movement toward wind-powered maritime transport, a new publication titled “Practical Guide to Financing Wind-Powered Vessel Projects” was officially released on...

Carbonbid Initiative Targets Emissions Reduction In Rotterdam Port

The Port of Rotterdam Authority has launched Carbonbid, a pilot program aimed at accelerating emissions reductions in the Rotterdam port area through targeted financial...