A US court has ruled against President Trump’s sweeping tariffs, deeming many of them unlawful. This decision has sent ripples through global markets, initially sparking a rally in Asia, though …
Table of Contents Toggle IntroductionGlobal Fleet StatisticsAverage Age by Tanker ClassEnvironmental and Operational RisksRegulatory PressuresFuture OutlookConclusionVisual DataPercentage of Tankers by Age GroupNumber of Tankers by Age Group Introduction The global …
In a bold move to revitalize its maritime industry and counteract the effects of international sanctions, Russia has announced a sweeping $6.2 billion initiative to build 1,600 commercial vessels by …
In a strategic move to bolster maritime security and industrial resilience, Japan and the United States are deepening their cooperation in shipbuilding. This initiative, highlighted during recent trade negotiations, underscores …
The U.S. shipbuilding industry stands at a pivotal crossroads. Once a global leader, it faces mounting challenges—from labor shortages and aging infrastructure to rising geopolitical demands. As the world’s maritime …
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 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 …
On May 10, 2025, a merchant vessel encountered a dangerous situation in the Persian Gulf when an unmanned boat collided with its hull. This incident, reported by the UK Maritime …
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 …
The Russian Navy’s operational capabilities in the Mediterranean have significantly weakened, revealing vulnerabilities that stem from geopolitical shifts and logistical challenges. With reduced naval presence and limited access to strategic …
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 …
Reports have emerged indicating that the Indian Navy may have launched an attack on Karachi’s naval port as tensions between India and Pakistan escalate. This follows a series of retaliatory …
Recent maritime encounters in the South China Sea have escalated tensions between China and the Philippines, as Chinese warships aggressively cut off a Philippine Navy vessel near the contested Scarborough …
The United Kingdom has announced its largest-ever sanctions package targeting Russian entities and the so-called shadow fleet, which is reportedly aiding the Kremlin’s war efforts in Ukraine. This significant move …
In a significant development regarding the 2023 Baltic pipeline break, the containership Newnew Polar Bear captain has been charged in Hong Kong. This incident, which caused damage to a natural …
Are Shell and BP goes for mega merger deal?
Shipbuilders saw a promising increase in orders for vessels powered by alternative fuels in April, with methanol and LNG taking center stage. According to the latest data from the Norwegian …
Singapore’s maritime security strategy emphasizes innovation and unity, addressing emerging threats and fostering international cooperation at IMDEX Asia.
US sanctions ships linked to Houthi ports in Yemen after April 4th, targeting illegal oil shipments to weaken their funding and promote regional security.
The Mediterranean Sea has been designated as the world’s fifth sulphur emission control area, effective May 1, 2025, aiming to significantly reduce maritime air pollution.
Explore the Baltic Exchange’s maritime market highlights for April 21-25, showcasing significant trends in Capesize, Panamax, Ultramax, and Handysize segments.
Chinese electric vehicle (EV) manufacturer BYD has officially taken delivery of the BYD Shenzhen, the world’s largest car carrier, designed to transport up to 9,200 vehicles. This strategic move aims …
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.
