News Flash
Panama Canal Net Income Rose to $3.45 Billion Despite Drought
The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe...
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High freight rates strain global supply chains, threaten vulnerable economies
Global shipping costs surged in the first half of 2024, driven by unprecedented disruptions in major maritime routes and rising...
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Asia-US container rates fall as carriers eye blank sailings to keep floor on prices
Rates for shipping containers from east Asia and China to the US fell this week, but carriers have announced an...
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Carbon emissions in ocean container shipping hits record high
The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains...
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Call to action on FuelEU compliance
The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry,...
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Stena RoRo takes delivery of RoPax vessel Saint-Malo with strong focus on sustainability
Stena RoRo last week took delivery of E-Flexer No. 11 – in a series of 15 vessels – from the...
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Asian spot LNG prices rise on supply concerns, geopolitical tensions
Asian spot liquefied natural gas (LNG) recorded its second weekly gain since the end of August, amid concerns over supply...
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Oil exports from Russia’s western ports to fall 13% in Nov as refinery maintenance ends, sources say
Russia’s crude oil exports from its three main western ports will drop by 13% in November from the previous month...
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US East Coast, Gulf Coast port workers union to resume contract talks in November
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers will resume negotiations next month...
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Latin America-Caribbean shipping struggles amid geopolitical and climate crises
UNCTAD’s Review of Maritime Transport 2024 reveals severe challenges facing the maritime sector in Latin America and the Caribbean. Climate...
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Asia-US container rates fall as carriers eye blank sailings to keep floor on prices
Rates for shipping containers from east Asia and China to the US fell this week, but carriers have announced an...
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Maritime LEO Networks
Maritime communications came a long way before they could deliver the first Global Maritime Distress and Safety System (GMDSS), but...
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Carbon emissions in ocean container shipping hits record high
The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains...
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Winds of change: Giant cargo sailboats and propulsion technology are transforming the high seas
Serge Picard knew next to nothing about sailboats, beyond having mucked around in one at a summer camp in Quebec...
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Shipping is Entering the Fifth Industrial Revolution, Says ABS Chairman and CEO
“Maritime 5.0 will be defined by the ever-expanding capabilities of artificial intelligence, driving our complex industry to be safer, more...
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Diana Shipping Inc. Announces Signing of a US$80.2 million Amended and Restated Loan Facility Agreement with Danish Ship Finance A/S to Refinance its Existing Term Loan Facility with the Bank
ATHENS, GREECE, October 21, 2024 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the...
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TEN Ltd. Receives Tanker Operator of the Year Award at the 2024 Tanker Shipping & Trade Awards
TEN Ltd.(“TEN”) (NYSE:TEN)(the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that TEN’s unwavering commitment to...
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MHI-MME Licenses Manufacturing and Sale of MET Turbochargers to Leading Chinese Marine Machinery Manufacturer
Mitsubishi Heavy Industries Marine Machinery and Equipment Co., Ltd (MHI-MME), a part of Mitsubishi Heavy Industries (MHI) Group, has concluded...
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TwinShip project aims to improve access to reliable data for aiding in shipping decarbonisation
A consortium, including technology group Wärtsilä, will develop a new system for the maritime industry which is aimed at improving...
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Bureau Veritas calls for greater regulatory clarity on Wind Propulsion Technology following the release of new technology report
Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certification (TIC), today announced the publication of their latest...
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