Maritime

The Trump administration announced its withdrawal from International Maritime Organization (IMO) negotiations aimed at decarbonising the shipping industry and warned it would retaliate against any carbon-related fees imposed on U.S. vessels. The move was conveyed through a diplomatic note sent...

Stolt-Nielsen reported a net profit of $151.4 million for the first quarter of 2025 on revenue of $675.6 million, compared to a profit of $104.0 million on $707.3 million in the same period of 2024. Excluding one-off gains of $75.2...

Maritime Strategies International (MSI) analyst Bonita Nightingale highlights that while chemical and edible oil trade has grown modestly in 2024, volumes remain below pre-pandemic levels. Tonnage supply remains tight, keeping freight rates and asset values elevated. Organic chemicals dominate shipments,...

Odfjell plans to modernize its fleet with 6 to 12 new stainless steel tankers starting around 2027, at a potential cost of $500–$900 million. The vessels will replace older ships and feature advanced energy and fuel tech. Odfjell currently operates...

Shipping stocks fell sharply on Friday as China hit back at U.S. tariffs. New York-listed companies like Dorian LPG and Navigator Gas Holdings saw steep losses, dropping 15% and over 13%, respectively, amid broader market declines. Most stocks slump more...

China has announced a 34% tariff on all U.S. imports starting April 10, in retaliation to U.S. tariffs. Exemptions apply to goods shipped before that date and arriving by May 13. China also blacklisted 11 U.S. firms and imposed export...

Dong Fang Offshore, a Taiwanese offshore services provider, has signed a US$125.9M contract with Vard for a new subsea construction vessel, its third from the shipbuilder. The 121-meter-long vessel will support offshore wind and telecoms projects, featuring a 250-tonne crane,...

Nanjing Tanker has appointed Lei Ding as its new chairman, following the resignation of Yi Zhang due to job changes. Ding, currently vice president at China Merchants Energy Shipping, brings extensive experience from roles at Hong Kong Ming Wah Shipping,...

In response to recent subsea cable damage and security concerns, Taiwan has implemented stricter port visit procedures for ships from Mainland China, Hong Kong, Macau, and several African nations, requiring up to a month for paperwork approval. Taiwanese security officials...

  Chinese container freight rates fell 28% in Q1 2024, the worst drop in 20 years, driven by record declines in spot rates. Despite strong early-year export growth, major trade routes saw sharp declines, with Europe (-33%) and South Africa...