Zodiac’s car carrier still burning, tugs to arrive on 9 June
Zodiac Maritime has appointed Resolve Marine to carry out salvage work on its burning car carrier, Morning Midas. In a press statement released on 5 June, the UK-based Zodiac said: “A first tug carrying a team of salvage specialists and specialised equipment has already been mobilised and is expected to arrive at the scene on […]
Historic surge on the transpacific buoys liner profits
Drewry’s weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief trade detente between the world’s two largest economies, the US and China. Rival spot index, the Shanghai Container Freight Index, […]
GSTS expands in Europe with world’s first AI-powered collaborative optimisation solution
Global Spatial Technology Solutions (GSTS), a maritime AI company, has announced the expansion of its solution offerings to European markets. GSTS has recently established an office in the United Kingdom and has a growing presence in the Mediterranean, Middle East, and Asia Pacific regions. This is the next step in the expansion of GSTS’ proprietary […]
Red Sea shipping rebounds 60% as Houthi attacks decline
The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission. Gryparis told Reuters that the uptick in merchant shipping […]
FreightdayFact #23/2025 – Verified Gross Mass – its not red tape, it is a safety metric
We often look at a container and think only of what’s inside — the goods, the value, the destination.. But what about its weight..?? Not just an estimate, but an exact, verified weight that could mean the difference between a smooth sailing and a serious safety risk.. In container shipping, Verified Gross Mass (VGM) isn’t […]
Salvors unable to reach fire-stricken Morning Midas until Monday
Efforts to bring the fire-stricken Morning Midas under control are facing a significant delay, with salvage teams not expected to reach the drifting vessel until Monday, nearly a full week after the crew abandoned ship. Zodiac Maritime, the manager of the Panama-flagged car carrier, confirmed that it has appointed Florida-based Resolve Marine to lead the […]
Resilience, accountability, agility: the case for small independent dry bulk operators
Sagitta Marine managing director Thomas Zaidman argues why smaller shipowners are a necessary force – not a risk – in the market. The recent Geneva Dry conference saw shipowners converge in huge numbers to listen to panels on many matters of interest to the market across two days. Among them, the risk management workshop raised […]
Shandong Ocean Shipping taps Hengli Heavy for bulker pair
Shandong Ocean Shipping Group is making strategic moves to bolster its dry bulk fleet by tapping into the domestic shipbuilding market. The maritime logistics subsidiary of Shandong Port Group has selected Hengli Shipbuilding for the construction of two 95,500 dwt vessels. The total value of the deal stands at CNY548m (around $76m), with Hengli likely […]
Digital efficiency drivers on land
Maritime tech experts discuss how to make sure ships spend less time in port in the latest installment from Ship Concept 2035, our brand new magazine. Any holistic report into how ships will operate in the future such as our brand new magazine, Ship Concept 2035, needs to look at the ports side of the […]
Allseas turns to nuclear power for offshore fleet
Marine construction specialist Allseas has launched a five-year plan to design, develop, and deploy a small modular reactor tailored for both offshore vessels and onshore use. Both uses have their benefits, as nuclear offers energy density with zero emissions and a stable, scalable power supply. Onshore, SMRs can ease grid pressure while providing consistent, carbon-free […]