Ship Losses Hit Historic Low Amid Rising Risks
The global maritime industry has achieved its lowest-ever total of vessel losses, with only 27 large ships lost worldwide in 2024, marking a 20% decrease from
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The global maritime industry has achieved its lowest-ever total of vessel losses, with only 27 large ships lost worldwide in 2024, marking a 20% decrease from
By Charlotte Goldstone (The Loadstar) – The demand spike on the transpacific has prompted concerns of congestion and cargo bottlenecks at key US ports.
Russia has intensified its maritime operations in the Gulf of Finland, implementing new tactics that include military escorts for its shadow fleet tankers,
The container shipping industry recorded a net profit of $9.9 billion in the first quarter of 2025, marking a significant decrease from previous quarters while
In the wake of Russia’s largest aerial assault of the Ukraine war, U.S. President Donald Trump issued stark warnings to Vladimir Putin, saying the
Despite reaching record-low vessel losses in 2024, the maritime industry faces mounting challenges from geopolitical tensions and an expanding shadow fleet,
The International Maritime Organisation’s (IMO) ambitious new policy measures are set to transform the shipping industry’s approach to fuel
Panama has implemented stringent new requirements for ship-to-ship (STS) oil transfer operations involving vessels under its flag, marking a significant step
MORRISTOWN, New Jersey, May 25 (Reuters) – U.S. President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic
By Elida Moreno PANAMA CITY, May 23 (Reuters) – Panama’s Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations
By Curtis Williams HOUSTON, May 23 (Reuters) – U.S. regulators have given Venture Global VG.N permission to proceed with construction
U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The tanker company continues to
Classification society ABS has awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG) for its groundbreaking liquefied carbon dioxide
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at a far gentler pace than last week’s GRI-induced double-digit
The United States marks National Maritime Day 2025 today with renewed focus on strengthening its maritime sector. Department of Transportation Secretary Sean
The European Union has launched its most extensive sanctions package targeting Russia’s shadow fleet—blacklisting 189 additional Russian-linked tankers
General rate increases (GRIs) give a “clear indication of ocean carrier intentions”, and raise alarm bells for their clients with long-term
US businesses are under mounting pressure to import goods while President Donald Trump’s higher tariffs are on pause, and they’re simultaneously navigating
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried
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