News

The U.S. has withdrawn from international carbon talks on shipping, urging other nations to reconsider their support for proposed emissions measures, amid ongoing discussions at the IMO.

The U.S. government is reconsidering its proposed port fees for Chinese vessels after significant industry pushback, exploring adjustments to lessen economic impact.

The 83rd meeting of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 83) has sparked uncertainty regarding the global carbon tax on bunker fuel.

Denmark’s Maersk, one of the world’s largest container shipping companies, has reported strong demand from the United States in early 2025. However, the company has also expressed concerns about potential …

Capital Maritime is moving to a significant expansion with plans to invest approximately $1.55 billion in shipbuilding contracts at two major South Korean shipyards.

A recent inquiry into the sinking of the HMNZS Manawanui reveals training deficiencies and autopilot confusion as key factors in the disaster.

NYK has finalized a contract for its first methanol-powered VLCC, marking a significant step towards sustainable shipping. The vessel, set for delivery in 2028, will reduce greenhouse gas emissions and enhance energy efficiency.

Windcoop has placed an order for the world’s first sail-powered containership, aiming to reduce carbon emissions and enhance cargo transport efficiency between France and Madagascar.

One of the world’s leading container shipping companies, CMA CGM, has initiated a lawsuit against Houston-based bunker supplier GCC Supply & Trading, seeking over $5 million in damages. The lawsuit …

Denmark announces a major naval modernization plan, acquiring 25 new ships and advanced unmanned systems to enhance maritime security in response to rising threats.

China reacts strongly to U.S. claims regarding the Panama Canal, following Panama’s withdrawal from the Belt and Road Initiative, highlighting rising tensions between the two superpowers.

The shipping industry continues to experience significant fluctuations, as supply and demand dynamics shape freight rates across various sectors

CNOOC has announced a major oilfield discovery in the Bohai Sea, revealing over 100 million tons of oil equivalent, marking a significant step in China’s offshore oil production efforts.

A cargo ship, MV Castphill XV, caught fire in Manila Bay, leading to a dramatic rescue of all twelve crew members by the Philippine Coast Guard. The cause of the fire is under investigation.

Noatum Maritime has taken delivery of its first LNG-powered PCTC, UGR Al Samha, marking a significant step towards sustainable shipping and operational excellence.

Norwegian authorities have uncovered a maritime insurance fraud scheme linked to Russia’s shadow fleet, charging four individuals for forgery and operating an illegal insurance business.

The U.S. Coast Guard discovered over 5,000 gallons of hazardous anhydrous ammonia at Puerto Nuevo Terminals in Puerto Rico, violating safety orders. This article explores the implications and ongoing investigations.

SeaBird Exploration and Energy Drilling have finalized a merger to create SED Energy Holdings, focusing on cash generation and shareholder distributions.

A tragic incident occurred in the Red Sea when the Sindbad tourist submarine sank, resulting in the deaths of six Russian tourists, including two children. The vessel, which was carrying …

The Panama Canal launches the ‘NetZero Slot’ initiative to promote low-carbon shipping, starting October 5, 2025, offering benefits for vessels that meet specific emission criteria.

Bollinger Shipyards has secured a $951 million contract , the Polar Security Cutter Project, modification from the U.S. Coast Guard to advance the construction of a heavy polar icebreaker, enhancing national defense capabilities in polar regions.

South Korean shipping giant HMM has made a significant leap in sustainable maritime practices by launching its first methanol-fueled container ship, HMM Green. This vessel marks a pivotal moment in …

DP World is set to begin a £1 billion expansion of the London Gateway terminal in May 2025, aiming to create the UK’s largest container port and boost the economy.

Declining Box Rates: Explore the recent decline in box rates and how proposed port fee disruptions may lead to a potential recovery in the shipping industry.

Germany seizes Russian tanker, Eventin, carrying $43.3 million worth of oil, as part of its efforts to enforce sanctions against Russia’s oil exports.

NTPC Limited announces plans to establish India’s first Green Hydrogen Hub in Pudimadaka, Andhra Pradesh, aiming to produce 1,200 tonnes of green hydrogen daily and bolster the nation’s green energy objectives.

Lab Dookhtegan claims to have disrupted communications on 116 Iranian vessels, marking a significant cyber attack coinciding with U.S. military actions against Houthi rebels.

The global shipbuilding industry is witnessing a significant shift as South Korean shipbuilders will benefit from potential restrictions on Chinese vessels. This development could reshape market dynamics and enhance the …

The maritime industry faces escalating challenges by climate change, particularly in offshore construction. As extreme weather events become more frequent, the need for innovative insurance solutions to mitigate financial risks …

The maritime industry is facing significant delays in the adoption of methanol engines due to a lack of available e-fuels. A recent study by Lloyd’s Register highlights that without a …