News

Explore the green transformation of the global shipbuilding market as it embraces sustainability and innovation to meet climate goals.

The shipping industry is gradually showing signs of fatigue, with shipbrokers highlighting a slowdown following three years of robust ordering activity and substantial investment. Current data reflect a decline in …

DP World, a leading global logistics and port operator, has announced a significant investment of $2.5 billion in infrastructure for the year. This strategic move aims to enhance its operational …

Denmark has launched a new offshore wind tender with $8.3 billion in subsidies, aiming to boost renewable energy production and attract developers after previous tenders failed.

The EU’s new carbon tax, the Carbon Border Adjustment Mechanism, is set to reshape global shipping dynamics, particularly affecting South African exports reliant on carbon-intensive goods.

Anemoi’s wind propulsion system has achieved a 9% reduction in emissions, marking a significant step towards sustainable shipping and aligning with global climate goals.

The Port of Antwerp-Bruges has launched the Volta 1, Europe’s first fully electric tugboat, marking a significant step towards sustainability in maritime operations.

yundai Mipo Dockyard and Trafigura finalize an agreement for four ammonia dual-fuel carriers, marking a significant step towards sustainable shipping solutions.

The Suez Canal Authority announces a 15% discount on transit fees for containerships to attract shipping traffic back to the Red Sea amid improved security conditions.

The IMO’s new framework for ship efficiency has raised concerns within the maritime industry, highlighting potential inefficiencies and the need for collaborative implementation.

Senegal has officially received its first liquefied natural gas (LNG) cargo for its floating storage and regasification unit (FSRU), marking a significant transition in the country’s energy landscape. This milestone …

A tragic incident occurred on May 9, when a salvage diver lost his life during preparations to raise the superyacht Bayesian, which sank off the coast of Porticello, Italy. The …

Police in New South Wales have successfully intercepted a significant cocaine smuggling operation, arresting five individuals and seizing over a ton of cocaine valued at approximately $400 million. The operation …

The Singapore Strait has seen a troubling rise in maritime robberies, with six ships reported as targets in May alone. The Regional Cooperation Agreement on Combating Piracy and Armed Robbery …

Are Shell and BP goes for mega merger deal?

EU mandates insurance disclosure for all vessels in its waters, enhancing maritime safety, environmental protection, and coastal state preparedness.

The U.S. Trade Representative (USTR) has announced new measures targeting China’s maritime sector, including a phased fee structure and tariffs, aimed at boosting American shipbuilding and economic security.

Singapore is gearing up for a pivotal general election on May 3, 2025, as Prime Minister Lawrence Wong seeks a mandate to address pressing economic concerns amid escalating global trade …

Cosco criticizes U.S. trade actions as discriminatory, affecting global shipping amid rising geopolitical tensions. Industry groups support Cosco’s stance as service cuts and pricing pressures arise.

Syria has received its first wheat shipment since the ouster of former President Bashar al-Assad, marking a significant milestone in the country’s recovery efforts. The cargo, which arrived at the …

China’s iron ore and coal imports fell significantly in March 2025, reflecting economic challenges and shifting demand patterns, while crude oil imports rose.

Disney Cruise Line’s newest ship, the Disney Adventure, floated out in Germany, marking a significant expansion in the cruise industry with plans for year-round operations in Asia.

Explore the impact of the trade war on global shipping as major companies cancel freight sailings from China, leading to economic strain and logistical challenges.

Norway’s largest battery-powered ferry, the Hinnøy, begins its delivery run from Turkey, set to revolutionize ferry operations in the Arctic fjord region.

Explore the innovative nuclear-powered shipping initiative utilizing micro modular reactor technology, aimed at enhancing emergency response capabilities in remote areas.

Explore the rising demand for LNG in the maritime industry and the challenges of developing adequate bunkering infrastructure to support this transition.

Greece plans to repay first bailout loans by 2031, ten years early, marking a significant step towards economic recovery and shedding its EU debt label.

Greek shipowners express optimism at the Delphi Economic Forum, believing that tariff impacts will be manageable and that their share of the global fleet will increase.

Discover the landmark decision by IMO member nations to implement the first global carbon fee for shipping, establishing ambitious emission reduction targets and a groundbreaking carbon revenue system. Learn about the fee structure, exemptions, and industry reactions to this pivotal climate policy that aims for net-zero emissions by 2050.

Singapore’s Maritime and Port Authority is set to conduct sea-based LNG bunkering trials in 2025, aiming to enhance its position as a leading hub for alternative marine fuels.