Ocean Freight Rates Expected to Drop Further in February
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown.
Shipping
Norway Releases Silver Dania After Baltic Cable Investigation
Norwegian authorities announced the release of the Silver Dania, which had been held under suspicion of damaging an undersea telecoms cable.
LNG Carrier Rates Plummet to Record Lows in the Atlantic
The difficult start to the year for LNG carriers reaches new lows, with some ship types now experiencing negative earnings in the Atlantic basin.
Greek Shipping Firm Eurobulk Fined for Pollution Violations
Greek company Eurobulk Ltd. has admitted to violating the Act to Prevent Pollution from Ships and falsifying records to cover up the infractions.
Russian Oil Transfers Surge After New U.S. Sanctions
Ship-to-ship transfers of Russian-linked oil have surged this month following the largest U.S. sanctions package targeting Russia’s shadow fleet.
First Modern VLCC Sale of the Year Nears Completion
The first modern VLCC sale of 2025 is in progress, with brokers reporting the eight-year-old, 300,000 dwt Leicester has been sold for $87 million
Moroccan Navy Rescues Two Stranded Ships in Urgent Mission
January 28, the Moroccan Navy carried out two separate rescue operations after receiving distress signals from the vessels Linden and Tai Hua Wan
Swiss Shipping Surge: How One Family Transformed an Industry
In a remarkable move, a single family has propelled a landlocked European nation into the ranks of the world’s top shipowning countries.
Cargo Ship Guang Rong Goes Adrift & Collides with Pier
On January 28, the cargo vessel Guang Rong went adrift in the waters between Marina di Carrara and the Marina di Massa pier in Italy.
Chief Engineer of ASL Singapore Sentenced for MARPOL Violations
The CE of the Liberian-flagged vessel ASL Singapore has been sentenced to three months in prison after admitting to violating MARPOL regulations.
Greece-Flagged Tanker Attacked in Singapore Strait
A Greece-registered tanker was boarded by two armed individuals carrying knives while traveling eastbound through the Singapore Strait yesterday.
Containership ASL Bauhinia Abandoned After Fire off Yemen
The crew of the Hong Kong-registered containership ASL Bauhinia evacuated the vessel after it was engulfed in flames on January 28, off Yemen.
Engine Room Fire on Kriti Captain Contained at French Anchorage
January 25, a fire broke out in the engine room of an oil and chemical tanker while it was moored at the Port-la-Nouvelle Anchorage in France.
Iranian Vessels Transport Missile Fuel Ingredient from China
Vessels sailing under the Iranian flag have been identified as carrying sodium perchlorate, a chemical essential for producing missile propellant
Taiwan Blacklists 52 Chinese-Owned Ships Over Security Concerns
Taiwan has placed 52 Chinese-owned ships operating under flags of convenience on a blacklist following the severing of a subsea communications cable
Cargo Ship Sinks Near South Kalimantan, Crew Safely Rescued
An Indonesian-flagged vessel, the LCT Cahaya Dana Reza, capsized on January 23rd in waters near Kotabaru Regency, South Kalimantan.
Sweden Seizes Ship Suspected of Sabotaging Fiber Optic Cable
The Swedish Prosecution Authority has detained a ship suspected of damaging an underwater fiber optic cable linking Latvia and Gotland.
CMA CGM Linked to Major Container Ship Order at Hyundai
CMA CGM is thought to be the company referred to in an announcement by HD Hyundai Heavy Industries regarding this year's largest ship order so far
Piracy Resurfaces as a Threat in the Singapore Strait
The Singapore Strait is once again emerging as a hotspot for piracy, with recent incidents raising concerns among maritime operators.
Stena Ro-Ro Acquires New Vessel, Renamed Stena Shipper
On January 21, Stena Ro-Ro announced the expansion of its fleet with the acquisition of the RoRo vessel Giuseppe Luccchesi.