China Cosco may be shipping war’s first casualty
LONDON : The world’s largest shipping group is sailing into a perfect storm. Chinese state-owned Cosco Shipping doubled 2024 earnings but Washington’s proposed docking fees on China-linked vessels
Maritime Industry Associations launch consolidated BMP Maritime Security publication
LONDON : The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO & OCIMF supported by over forty maritime stakeholders, have on Monday released a consolidated and enhanced publication Best
Xeneta : Weekly Ocean Container Shipping Market Update
OSLO : Average spot rates from Far East to US East Coast and US West Coast remain flat since 15 March after falling 47% and 56% respectively since
Panama purges and deregisters 107 ships from its fleet due to sanctions
PANAMA CITY : The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This
World’s First Commercial-Use Ammonia-Fueled Tugboat Completes Three-Month Demonstration Voyage
TOKYO : The world’s first commercial-use ammonia-fueled vessel, Sakigake, has successfully completed a three-month demonstration voyage, during which the vessel engaged in tugboat operations in Tokyo Bay and
Baltic Index Hits Near Three-Week Low On Weaker Capesize, Supramax Rates
LONDON : The Baltic Exchange’s Dry Bulk Sea Freight index, which monitors rates for vessels moving dry bulk commodities, fell to its lowest level in nearly three weeks
PSA International and its subsidiaries results for the year ended 31 December 2024
SINGAPORE : PSA International Pte Ltd (PSA) handled 100.2 million Twenty-foot Equivalent Units (TEUs) for the year ended 31 December 2024, representing a growth of 5.6% compared to
Rhenus Group expands Management Board to drive transformation and growth
SINGAPORE : Effective 1 April 2025, the Rhenus Group has appointed three experienced leaders from within the company to the Management Board. Dr. Joana Bätz will be representing the
Maximizing the potential of biofuels in shipping
SINGAPORE : Biofuels are an increasingly attractive decarbonization option for shipowners. A new white paper from DNV analyses an evolving supply picture, while also providing technical guidance to
BIMCO Container Shipping Outlook: Shifts in US policy supercharge market uncertainty
LONDON : Since US President Trump took office for a second time, US geopolitical, trade and shipping policy shifts have supercharged market uncertainty while appearing likely to become
