Maritime News & Industry Headlines

A recycling overhang of at least 500 container ships totaling 1.8 million TEU has accumulated in the global fleet, according to new analysis from BIMCO, as vessels continue trading well beyond thei...

The Drewry World Container Index increased 3% to $1,746 per 40-foot container this week, marking the second consecutive week of gains following a 17-week decline. Transpacific routes showed notable...

The Baltic and International Maritime Council is expediting development of a standard industry clause to address contractual uncertainties arising from China’s imposition of special port fees on U....

Beijing and Moscow have agreed to jointly develop and commercialize shipping along the Northern Sea Route in the Russian Arctic. The deal was signed in the Chinese city of Harbin last week between ...

A fragmented, multipolar approach to decarbonization might actually fit our fragmented, multipolar world better. By James Lightbourn — While there’s plenty of soul-searching underway among support...

Russia has carried out its first ship-to-ship (STS) transfer of liquefied natural gas (LNG) using so-called “shadow fleet” vessels, teaming up with a Chinese gas carrier. Satellite images and parti...

By Daniele Lepido and Haze Fan (Bloomberg) The battle between Italian luxury yacht maker Ferretti SpA’s management and its top Chinese investor is once again in the spotlight just over a year after...

Governments at the International Maritime Organization decided to postpone for one year the adoption of the world’s first global carbon pricing system on shipping at the Extraordinary Session of th...

By Sotiris Nikas (Bloomberg) — Greece, home to the world’s second-largest merchant fleet, is walking back from supporting a global maritime carbon tax that has drawn backlash from Washington. The n...

By Weilun Soon and Serene Cheong (Bloomberg) — China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing to de...

BEIJING/LOS ANGELES, Oct 14 (Reuters) – The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the hig...

Chinese containership Istanbul Bridge is scheduled to arrive at the UK’s largest terminal Felixstowe during the afternoon of October 13. The Panamax vessel completed the 7,500 nautical mile voyage ...