Shipping Markets in Turmoil Amid Falling Oil and Recycling Pressures

Baltic Dry Index Shows Modest Weekly Gains. Oil Prices Plunge to USD 57 per Barrel. Ship Recycling Sector Faces Persistent Tonnage Shortage. According to...

IMO Tightens Enclosed Space Entry Rules

Expanded Training Requirements Emphasise Hazard Awareness. Revised Enclosed Space Register Enhances Hazard Identification. Oxygen Depletion Risks Reaffirmed in Updated Guidelines. Entering enclosed spaces on...

IMO Net-Zero Delay and US-China Port Fees Disrupt Shipping Dynamics

Freight Rates Spike 13% Amid Disruptions, But Gains Unlikely to Hold. IMO Delays Net-Zero Framework, Fueling Investment Uncertainty. Containership Orders Surge Past 4...

MEPC Stalemate Delays Global Shipping Decarbonisation Framework

Emissions Pricing Proves Politically Divisive Among Member States. IBIA Disappointed as Net Zero Framework Adoption Delayed. IMO Working Group to Resume Talks and...

China Joins Russia’s Shadow Fleet with First-Ever Dark LNG Ship-to-Ship Transfer

Perle and CCH Gas Conduct Dark LNG Transfer Off Malaysia’s Coast. Sanctioned Russian LNG Finds New Route via Chinese Carrier. Analysts Flag First-Ever...

EU Pushes for Crackdown on Russia’s ‘Shadow Fleet’

The European Union is looking to increase the ability of its member states to carry out inspections on Russia's “shadow fleet” of aging oil...

Houthis Deny Role in Gulf of Aden Tanker Blast

A Yemen-based armed group has publicly denied involvement in a projectile attack earlier this week which resulted in a foreign-flagged tanker igniting in the...

SC Ports Reports Record Inland & Auto Growth Despite Trade Slowdown

South Carolina Ports (SC Ports) has reported robust growth in its inland operations and vehicle volumes, even as global trade activity remains subdued. The...

Kuang Ming Powers Ahead with Four New Handymax Ships

Yang Ming Marine Transport Corporation (“Yang Ming”) held its 406th Board Meeting today (16), approving its subsidiary Kuang Ming’s plan to order four new...

Stena RoRo Orders Green RoRo Cargo Ships

Stena RoRo has signed a Letter of Intent (LOI) with China Merchant Industries Weihai for the construction of two Ro-Ro cargo ships, with options...