Sea Legend Completes First Journey via Northern Sea Route
Sea Legend has successfully completed its first voyage from China to Northern Europe via the Northern Sea Route (NSR), reports Container News.
The 4,900 TEU...
MIT Sets New Safety Standard for Nuclear-Powered Ships with Groundbreaking Handbook
The MIT Maritime Consortium has introduced the Nuclear Ship Safety Handbook to guide the safe design and operation of future nuclear-powered commercial vessels.
...
WAKASHIO MARU Set to Advance Marine Training and Disaster Response Capabilities
Mitsubishi Shipbuilding launched WAKASHIO MARU, a new training ship for the National Institute of Technology, Toyama College.
The vessel will provide hands-on training...
Global Shipping Giants Rush to Reflag Vessels Under the Indian Flag
Major international shipping lines, including Maersk, CMA CGM, and MSC, are increasingly re-registering vessels under the Indian flag, reflecting confidence in India’s maritime...
HD Hyundai Mipo Pioneers Cost-Efficient Liquefied CO₂ Charging Under Sandbox Framework
HD Hyundai Mipo gained regulatory approval to use tank lorries for charging liquefied CO₂ directly into vessels, improving cost and efficiency.
The approval,...
Chinese State Buyers Step Back From Russian Oil on Sanctions
Chinese state-owned oil majors, including Sinopec, have halted some purchases of Russian seaborne crude following new U.S. sanctions on Rosneft and Lukoil.
The...
Chemical Fire on Grain Vessel at Port Taranaki Prompts Emergency Response
A chemical fire occurred on a visiting grain vessel at Port Taranaki in New Zealand, prompting a swift emergency response early Thursday morning.
Cause and...
Cartels and U.S. Entities Exposed in $20 Billion Maritime Fuel Smuggling Racket
Sophisticated fuel smuggling operation into Mexico has been delved into, revealing how cartels utilize maritime tankers and corrupt practices to import vast quantities of...
VLCC and Suezmax Rates Soar as Tanker Asset Values Remain Historically Elevated
An overview of the current crude and product tanker markets shows sustained high asset values and strong earnings, supported by limited vessel supply and...
Bunker Market Update: Indices Fall as Scrubber Spread Narrows Further
This week's analysis by MABUX covers the continued moderate downward trend in global bunker fuel indices, the narrowing of the scrubber spread, and key...
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