US Policy Shift Fuel Uncertainty: BIMCO Report and Future Scenarios
Since the start of President Trump’s second term, U.S. policies have reshaped geopolitics, trade, and shipping, significantly increasing market uncertainties and impacting future supply and demand dynamics. The latest BIMCO report highlights several developments that need to be taken into consideration and are expected to affect the shipping market. This content is locked Select a […]
Port of New York and New Jersey kicks off 2025 with increased box volumes
The Port of New York and New Jersey started 2025 with strong growth in total volume and imports. In particular, the US port handled 720,747 TEUs in January, which represents an 8% increase compared to the same month last year. Imports showed a 10.5% growth over last January’s numbers, totaling 378,632 TEUs, while exports reached […]
Aquaterra wins well intervention work in Nigeria
UK-based Aquaterra Energy has secured a multi-year contract with Intrepid Energy Limited to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. The well access package will enable Intrepid Energy to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production. The multi-million-dollar contract includes the […]
Island Drilling scores Equinor contract
Norwegian rig owner and operator Island Drilling has won a long-term contract from Equinor for plug and abandonment work on the Norwegian Continental Shelf. The contract, starting in the first quarter of 2026, is for a firm period of three years plus five one-year extension options. The firm deal, involving the Island Innovator semisub rig, […]
PSA, DNV and PIL join forces to drive digital innovation
PSA International, DNV Singapore, and Pacific International Lines (PIL) have signed a Memorandum of Understanding (MoU) to collaborate on carbon emission measurement, reporting, and verification (MRV). This partnership aims to accelerate decarbonization in the maritime and logistics sectors by developing sustainable, data-driven solutions. As sustainability reporting standards evolve, the need for reliable, harmonised data exchange […]
Monsoon anomaly holds up ships in Singapore and Port Klang
An unusual surge in monsoon winds in Southeast Asia resulted in congestion in the region’s key container ports, Singapore and Port Klang, as the region experienced nearly a week of heavy rain. Linerlytica’s report this week stated that delays of up to three days have been recorded in Singapore and Port Klang. Singapore, the world’s […]
Depressed bunker sales point toward shakier world trade outlook
The tide has turned for bunker sales and prices, an indication that global seaborne trade is on shakier ground this year. “Bunker prices tell the tale of a softening market,” broker BRS noted in a new report. As of yesterday, 0.5% very low sulphur fuel oil (VLSFO) bunker prices had slid from $667 per ton […]
Bulgaria proposes security centre for Black Sea shipping
Bulgaria has proposed to establish and host a multinational maritime coordination centre aimed at ensuring the safety of shipping in the western part of the Black Sea . The proposal was made by the country’s prime minister, Rossen Zhelyazkov, after the Ukraine security summit in Paris on Thursday. The concept envisions the centre providing continuous […]
Comité Maritime International: Towards a level playing field
The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) have recently launched an updated campaign to get governments to ratify urgent maritime treaties. CMI’s president, Ann Fenech, argues that today’s challenging international scene and geopolitical developments make it all the more important, now more than ever before, that the maritime law and […]
Lợi ích lớn từ phát triển vận tải thủy ven biển bền vững, an toàn
Với lợi thế về sự linh hoạt, chi phí đóng mới thấp, cước vận tải chỉ bằng 1/4 so với đường bộ nên thời gian qua phương tiện vận tải thủy ven biển phát triển rất nhanh, đem lại lợi ích cho các doanh nghiệp và chủ hàng. Việt Nam là quốc gia có bờ […]