CBP to Enforce New Tariffs on China-Linked Vessels in 2025
The U.S. Customs and Border Protection has been tasked with administering a fee structure aimed at Chinese-owned, operated or constructed vessels
Shipping
Container Market Faces Long-Term Oversupply Challenges
The container shipping industry is expected to wrestle with a prolonged supply-demand imbalance that may persist through the end of the decade.
Evergreen Faces Back-to-Back Container Incidents in S. America
Evergreen Marine, Taiwan’s largest container shipping company, has experienced two major container losses in South American waters within a week.
HD Hyundai Sued Over Key Bridge Collapse Switchboard Fault
Grace Ocean and Synergy Marine have filed a product liability lawsuit in the US District Court for the Eastern District of Pennsylvania.
Panama Tightens Registry Rules on Older Bulkers and Tankers
Panamanian Ship Registry introduces regulation that prohibits bulk carriers and oil tankers older than 15 years from registering under its flag.
South Korea to Invest $150B in Boosting U.S. Shipbuilding
South Korea commits to $150 billion investment aimed at revitalizing U.S. shipbuilding sector, as part of a $350 billion bilateral trade agreement
Carbon Emissions Improve in Shipping Despite Red Sea Crisis
Container shipping records an improvement in carbon efficiency for the first time in over a year, despite ongoing challenges in the Red Sea region
Engine Room Fire Breaks Out on Pumba in Red Sea Transit
July 29th, a fire broke out in the engine room of the Pumba, a Liberia-flagged container vessel, while the ship was sailing through the Red Sea.
Ever Feat Arrives in Montevideo After Storm Damage at Sea
July 29th, the Ever Feat docked at the Port of Montevideo, Uruguay following severe weather encountered off the coast of Rio Grande, Brazil.
First IRRC Issued Under Hong Kong Convention for Recycling
GMS, the world’s leading ship recycling buyer, has announced the issuance of the first-ever International Ready for Recycling Certificate (IRRC).
Houthis Share Video of Eternity C Crew, Escalate Threats
On July 28, Yemen’s Houthi rebels announced they had rescued 10 crew members from the Eternity C, a cargo ship that sank earlier this month.
Greece Sends Salvage Ship Amid Houthi Threats
In response to a rise in maritime assaults by Yemen’s Houthi militants, Greece deploys salvage vessel to Red Sea. after the sinking of two bulkers
Cargo Ship MN Kostas Runs Aground Off Crete, Crew Safe
On July 24, the Sierra Leone-flagged cargo ship MN Kostas ran aground near Kyriamadi, along the northeastern shoreline of Crete, Greece.
Dry Bulk Fleet Growth Slows Despite Surge in Deliveries
The global dry bulk fleet is growing at just half the pace seen during the 2010s even as deliveries are set to hit their highest level in six years
CMA CGM and TotalEnergies Launch LNG JV in Rotterdam
CMA CGM has partnered with energy company TotalEnergies to establish a joint venture for LNG bunkering operations at the Port of Rotterdam.
GLBP and Loa Carbon Partner to Supply Renewable E-LNG
Galveston LNG Bunker Port enters into letter of intent with Loa Carbon to receive renewable e-methane for liquefaction at its upcoming facility.
BIMCO Adopts New Clause for USTR-Linked Shipping Risks
Documentary Committee of BIMCO introduces contract clause to tackle legal uncertainties stemming from the U.S. Trade Representative’s recent plans
MOL Unifies Ship Management Under One Brand and Base
MOL is taking a step toward operational efficiency by uniting its ship management operations under one umbrella, both in branding and location.
Malta Frees Two Sanctioned Ships After Ownership Change
Two container ships detained in Malta since 2022 due to ties with sanctioned Russian interests have been released following a change in ownership
UK Sanctions 137 Russian Oil Ties, Targets Shadow Fleet
The United Kingdom unveils sweeping new sanctions on 137 Russia-linked entities, including 135 oil tankers associated with Putin’s shadow fleet.