The International Bunker Industry Association (IBIA) and the Hong Kong Shipowners Association (HKSOA) have signed a Memorandum of Understanding (MoU) to establish a framework for closer cooperation across marine energy...
Drewry Container Index falls as trans-Pacific rates slide
The Drewry World Container Index (WCI) fell 2 per cent week-on-week to $1,806 per FEU in Week 48, driven by lower rates on the trans-Pacific and Asia–Europe trades. Compared with...
Far East-US spot rates fall while Europe routes strengthen
Spot rates on key container shipping routes showed mixed trends last week, according to Xeneta. Far East to US trades saw notable declines, with average spot rates falling to $1,958...
OrbitMI unveils powerful assessment for vessel data quality
OrbitMI, a maritime SaaS provider, has introduced its Vessel Reporting Analysis, a structured assessment designed to help shipowners and operators evaluate how closely their vessel reports align with industry standards....
Marcura, CFARER partner to digitise fleet procurement
Marcura and CFARER have announced a strategic partnership linking e-commerce procurement with technical operations for fleets worldwide. As part of the agreement, ShipServ becomes the recommended e-commerce platform for Ship...
Far East freight rates skyrocket amid capacity crunch
Average spot rates rose sharply across key Far East trades last week as carriers actively curbed capacity in the run-up to 2026 contract negotiations, according to Xeneta. As of 6...
Spot rates surge across Far East trade lanes
Spot rates on key trade lanes out of the Far East rose sharply in mid-October and have largely held their ground over the past week, following a steady decline since...
US shipbuilders face major setbacks from policy reversals
The rollback of offshore wind policies under President Trump has caused significant disruption to the US shipbuilding and port sectors, with more than $679 million in anticipated federal funding lost....
Gulftainer expands multimodal logistics in Sharjah
Gulftainer, a UAE-based operator of logistics and port services, is expanding its role in Sharjah’s development as a regional multimodal logistics centre. The company manages port terminals, inland transport networks,...
Global container trade has outperformed earlier expectations in 2025, with stronger-than-anticipated resilience on the demand side, according to new analysis by Maritime Strategies International (MSI). The firm’s Q3 Market Report,...
GCMD drives biofuel transparency with tracer success
The Global Centre for Maritime Decarbonisation (GCMD) has published results from the world’s first field validation of tracer technologies in marine biofuel supply chains. Conducted across key bunkering hubs including...
Adani powers Kochi logistics park with smart tech solutions
Adani Ports and Special Economic Zone Ltd. (APSEZ) has initiated the development of a new logistics park in Kalamassery, Kochi, under the ‘Invest in Kerala’ initiative. The facility, spanning 70...
