Chinese ship in Baltic Sea cable probe raises anchor and sails away
Yi Peng 3 sets sail to depart Kattegat after officials boarded vessel to gather evidence
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Dry Bulk Market: China’s Iron Ore Imports
China is now responsible for 74.4% of global iron ore imports. As such, any shift in demand is having an enormous impact on the market. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore …
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Performance of Global Shipping Segments to Diverge in 2025
Performance in tankers and dry bulk is likely to remain sound in 2025, with tankers making above-average profits, supported by high tonne-mile demand, while oversupply and easing of disruptions in the Red Sea will put pressure on global container shipp…
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Embracing Ship Digitalization: The Key to Smooth Compliance with FuelEU Maritime, CII and EU ETS Regulations
In the rapidly evolving maritime industry, compliance with stringent environmental regulations such as FuelEU Maritime, EU Emissions Trading System (EU ETS), and the Carbon Intensity Indicator (CII) is becoming increasingly critical. Shipowners are fac…
BOEM Okays New England Offshore Wind Project
The Interior Department has now approved more than 19 gigawatts of offshore wind energy.The Biden-Harris administration today announced the approval of the SouthCoast Wind Project – the nation’s 11th commercial-scale offshore wind energy project approv…
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