Maritime News and Shipping Market Intelligence

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Latest News

Sustainability

Japan Registers First Hydrogen-Fueled Tug, A New Chapter in Clean Shipping

Tokyo, October 18, 2025 — In a landmark move for clean shipping, classification society ClassNK has officially added TEN-OH, Japan’s first hydrogen-fueled tugboat, to its register.

Kemal Can Kayar·2 min read·Oct 18, 2025

Shipbuilding

HMM Commits USD 2.8 B to LNG Dual-Fuel Fleet Upgrade

South Korean shipping heavyweight HMM has announced a landmark newbuilding investment worth KRW 4 trillion (approx. USD 2.8 billion), aimed at upgrading its fleet with greener technology and expanding into bulk shipping.

Kemal Can Kayar·2 min read·Oct 18, 2025

Breaking News

U.S. Blocks Global Shipping Carbon Fee — IMO Vote Delayed

In London this week, the global maritime community witnessed a dramatic setback as the International Maritime Organization (IMO) failed to formalise what would have been the world’s first global carbon fee on shipping emissions.

Kemal Can Kayar·2 min read·Oct 18, 2025

Safety & Accidents

Batam Shipyard Fire Kills 10 on FSO Under Repair

A devastating fire broke out early Wednesday aboard the Federal II floating storage and offloading (FSO) vessel while it was being repaired at ASL Shipyard in Batam, Indonesia, resulting in at least 10 deaths and numerous injuries.

Kemal Can Kayar·3 min read·Oct 18, 2025

Offshore

BP Awards Egypt Campaign to VALARIS DS-12 Drillship

In a new offshore contract, BP Exploration Delta Limited has awarded a five-well campaign to Valaris using the drillship VALARIS DS-12, to be deployed in Egyptian waters beginning in the second quarter of 2026.

Kemal Can Kayar·2 min read·Oct 18, 2025

Offshore

Guyana Keeps All Gas Paths Open Amid Longtail Push

Guyana has made clear it will not rule out any form of gas development — including liquefied natural gas (LNG), onshore processing, or export options — even as ExxonMobil’s Longtail project takes shape.

Kemal Can Kayar·2 min read·Oct 18, 2025

Offshore

Island Exports Blocked by Giant Wind-Farm Vessel

On the evening of October 11, the semi-submersible COSCO heavy-lift vessel Xiang Tai Kou arrived at Leith carrying foundations destined for offshore wind farms.

Kemal Can Kayar·2 min read·Oct 17, 2025

Shipping

Tanker Rates Surge Amid U.S.–China Port Fee Clash

Global supertanker freight rates have leapt sharply this week as escalating U.S.–China port fee tit-for-tat measures push maritime costs and risks to new highs.

Kemal Can Kayar·2 min read·Oct 17, 2025

Shipping

Container Rates Rise: WCI Increases by 2% to $1,687

After nearly four months of unrelenting decline, the container freight market showed signs of life on 16 October 2025, with the Drewry World Container Index (WCI) climbing 2 % to US$1,687 per 40-ft container.

Kemal Can Kayar·2 min read·Oct 17, 2025

Cruise & Passenger

Galveston Unloads Massive Boarding Bridges for Terminal 16

GALVESTON, TEXAS — In a pivotal moment for Galveston’s cruise ambitions, two massive passenger boarding bridges built in Spain were offloaded this week at the Port of Galveston.

Kemal Can Kayar·3 min read·Oct 17, 2025

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