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After India Cancels Shipbuilding Order, Turkey Suspends Defense Exports

India’s relations with Turkey could take a new turn after reports that the Turkish government has imposed a moratorium on...
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VARD signs contract on a CSOV with Rem Offshore

This is the third CSOV VARD delivers to REM Offshore VARD says it has signed a contract for the design...
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Global IT outage disrupts operations at European box terminals

A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several...
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HMM opens Shanghai-Mexico container route

South Korea's HMM Co. announced on Monday that it launched a new Far East Latin America Express (FLX) container service...
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Malaysia detains oil tanker involved in collision

Malaysia has detained a large oil tanker that collided with another vessel off its coast and fled the scene, the...
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Washington State Ferries selects ABB as propulsion single source vendor for five new hybrid ferries

ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the Propulsion Single Source Vendor (PSSV)...
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South Korea’s Shipbuilding Boom at Risk Due to Escalating Labor Disputes

The shipbuilding industry is on the brink of an unprecedented boom, driven by increased orders for Liquefied Natural Gas (LNG)...
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ESP Code updated – New survey requirements for bulk carriers and oil tankers

To align with the latest revision of the ESP Code (as amended by IMO Res. MSC.525(106)) and IACS Unified Requirements...
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Maritime vision of the Re-elected Commission President

Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the...
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Shipping disruptions now affect Maersk’s global trade routes amid Red Sea crisis

Shipping disruptions affecting Maersk’s container shipping operations because of the Red Sea crisis have extended beyond the Far East-Europe routes...
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ABS And KRISO To Advance SMR-Powered Vessels And Floating Power Generation Platforms

ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to advance commercial small modular...
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Turkey To Send Ship To Search For Oil And Gas Off Somalia Coast

Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas...
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Global Centre For Maritime Decarbonisation Concludes Biofuels Supply Chain Trials

The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with Very...
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Suez Canal Reports 23.4% Drop In Annual Revenue Due To Red Sea Crisis

The Egyptian Suez Canal’s annual revenue dropped by about 23.4 percent in the fiscal year 2023/2024 due to the Red...
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Ports Of Indiana, Port of Antwerp-Bruges Sign Mou

According to the Ports of Indiana's release, representatives from the Ports of Indiana and Port of Antwerp-Bruges met in Antwerp...
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Four Greek Ports Receive €10 Million In CEF Funds

Four regional ports that are part of the HRADF portfolio secured 10-million-euro funds from the European Commission’s Connecting Europe Facility...
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Asia Fuel Oil-Markets Largely Stable; India Sells More Supplies Via Tender

Asia's fuel oil markets changed slightly on Friday, while India sold more High-Sulphur Fuel Oil supplies via tender for loading...
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MOL To Invest In Carnot, A Tech Startup Developing Ways To Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions

Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO Takeshi Hashimoto announced its intent to invest in Carnot Ltd. President Francis...
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Drewry’s World Container Index Rises 1%, Up 92% From Pre-COVID Levels

Drewry's World Container Index increased by 1 percent to $2,725 per 40-foot container for the week ending May 2. It...
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Baltic Index Posts Weekly Loss As Capesize Rates Fall

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, posted a weekly decline...
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