News

Construction Begins on World’s First Short-Sea Ammonia-Fueled Containership

United States has reportedly warned several countries to reject a United Nations-backed agreement aimed at reducing carbon emissions from the shipping industry—or face potential trade tariffs

Expansion of Russian oil exports through the Northern Sea Route: the first delivery to Brunei signifies a strategic shift.

Yemen’s Houthi rebels claimed responsibility for a missile attack on the “Scarlet Ray,” an Israeli-linked oil tanker sailing in the Red Sea near the Saudi Arabian port of Yanbu. The …

A Belize-flagged bulk carrier, NS PRIDE, was damaged by an explosion in the Black Sea near Ukraine’s Odesa region on August 31st. No crew injuries were reported.

Learn more about the latest Charter Rates Update: Tankers and Bulk Carriers – August 2025.

Table of Contents Toggle IntroductionWhat Is the EU ETS and Why It Matters to ShippingHow the EU ETS Works for Maritime OperatorsImpact on Shipping Companies1. Rising Operational Costs2. Compliance Complexity3. …

Zim Integrated Shipping Services has confirmed reports that Turkey has implemented an immediate ban on vessels associated with Israel.

Introduction ( Tensions between Greece and Türkiye) The Eastern Mediterranean has become a key area of global interest, where countries compete over energy resources and long-standing rivalries are resurfacing. At …

Turkey’s energy policies and maritime disputes in the Eastern Mediterranean escalate tensions with Greece and Cyprus, leading to diplomatic expulsions and potential EU sanctions.

The global containership orderbook has skyrocketed to levels reminiscent of the 2000s, with new orders exceeding 10.4 million TEUs.

Syrian ports are experiencing a significant surge in vessel activity following the recent lifting of international sanctions. This development, attributed to a shift in US and EU policy, has led …

The Kerala High Court has ordered the detention of multiple ships owned by Mediterranean Shipping Company (MSC) in connection with the sinking of the MSC Elsa 3 off the coast …

Table of Contents Toggle Lightering Operations Underway to Free Stranded Bulk CarrierKey TakeawaysDetails of the Grounding and Refloating EffortsCargo Offloading and River ConditionsPrecedent and Ongoing MonitoringSources Lightering Operations Underway to …

In a high-stakes legal move, the Mediterranean Shipping Company (MSC) has filed an admiralty suit in India to limit its liability to $14.2 million following the sinking of the MSC Elsa 3 off the Indian coast …

California extends its innovative carbon capture barge service to tankers, aiming to drastically cut ship emissions and combat climate change.

In a significant move aimed at enhancing maritime safety and environmental standards, Panama has announced that it will no longer register tankers and bulk carriers that are over 15 years old. This decision, effective immediately, is part of the country’s broader strategy to modernize its fleet and reduce the risks associated with older vessels.

Dali owner sues Hyundai Heavy Industries over alleged manufacturing defect in Baltimore bridge collapse, adding a new dimension to the ongoing investigations.

Houthi Captives Emerge: Propaganda Video Shows Survivors of Sunken Greek Bulker A Houthi propaganda video has surfaced, purportedly showing ten surviving crew members from the Greek-owned bulk carrier “Eternity C”, …

Freight rates for Very Large Gas Carriers (VLGCs) have reached their highest levels since early 2024. This surge is attributed to strong demand for liquefied petroleum gas (LPG) from Asia and India, alongside …

Sri Lanka’s Supreme Court orders $1 billion compensation for the X-Press Pearl disaster, citing environmental and human rights violations.

Canadian firm Central European Petroleum discovers Poland’s largest offshore oil and gas field in the Baltic Sea, potentially doubling national reserves and boosting energy security.

The EU has sanctioned Intershipping Services LLC, operator of the Comoros and Gabon flag registries, for facilitating the ‘shadow fleet’ of aging, uninsured vessels transporting sanctioned oil, highlighting global efforts to curb maritime risks.

ATHENS, July 9, 2025 — The global shipping industry is navigating through one of its most challenging periods in recent years, as armed conflicts, geopolitical instability, and economic uncertainty converge to …

The cargo ship Eternity C sank in the Red Sea after a deadly Houthi attack, leaving 15 missing and 4 dead. The incident revives maritime threats in a key global trade route.

Houthi rebels launched a major attack on the Greek-owned vessel MV Eternity C in the Red Sea. Armed security guards engaged in a firefight to prevent boarding. Get the latest maritime security news.

A Greek-owned bulk carrier was attacked in the Red Sea with gunfire and sea drones, causing a fire and forcing the crew to abandon ship. Maritime sources suspect Houthi involvement.

The global maritime industry is navigating a wave of rising ship sale prices in 2025, with bulk carriers, tankers, and container ships all experiencing notable increases. This article breaks down …

On July 2, 2025, the passenger ferry KMP Tunu Pratama Jaya sank near Bali, Indonesia, with 65 people onboard. 31 have been rescued, 30 remain missing. Search and rescue operations are ongoing.

HMM announces a €150 million expansion of its Algeciras Container Terminal in Spain, aiming to boost capacity to 2.8 million TEU and solidify its role as a key Mediterranean transshipment hub.