Maritime Magazine

Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020, according to Filipe Gouveia, Shipping Analysis Manager at BIMCO. “Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet,” he […]

The Drewry World Container Index (WCI) rose 7% to $1,927 per 40ft container after three weeks of decline, mainly due to rate hikes on Transpacific and Asia–Europe trade routes, the UK-based shipping consultancy reported today. Following three weeks of declines that pushed spot rates to their lowest level since January 2025, rates on the Transpacific

The Long Beach Board of Harbor Commissioners announced that at its Dec. 8, 2025 Board meeting, Commissioners will consider the appointment of longtime Port of Long Beach executive Dr. Noel Hacegaba as the Port’s next Chief Executive Officer, effective Jan. 1, 2026. Currently the Port’s Chief Operating Officer, Mr. Hacegaba succeeds Mario Cordero, who will

Recent global regulations have significantly reduced sulfur emissions from ships, helping to improve air quality in coastal regions – confirmed by a new international study led by researchers at the National Centre for Atmospheric Science in the United Kingdom. The research, published in Environmental Science: Atmospheres, used aircraft and ground-based instruments to measure sulfur dioxide and

The Port of Rotterdam Authority has announced plans to develop a 45-hectare site in the north-western corner of the Maasvlakte for offshore wind activities. The terminal will offer opportunities for storage, transport, (pre-)assembly, and delivery of components for both wind turbines and foundations. The terminal will have direct nautical access to the sea and will

Warsaw – Ocean Winds, an international company dedicated to offshore wind energy and established as a 50-50 joint venture between EDP Renewables and ENGIE, announced it has secured an around €2 billion (US$2.3B) project finance and reached Financial Close for its first offshore wind farm in the Baltic Sea. This achievement marks a key milestone,

Ocean Wise and Trelleborg Marine and Infrastructure have announced a major advancement in marine mammal protection through the international expansion of Ocean Wise’s Whale Report Alert System (WRAS), a real-time alerting tool designed to reduce the risk of ship strikes on whales. This expansion includes a new integration with Trelleborg’s SafePilot Pro software, a professional-grade

Squamish, BC – In a key milestone to bring more Canadian LNG to global markets, Woodfibre LNG has welcomed the project’s second floating workforce accommodation (floatel) to site, adding up to 900 new trades jobs to the province to help complete facility construction as quickly as possible. The MV Saga X will provide safe, modern, purpose-built

By Leo Ryan, Editor Michael Broad, a longtime, passionate and highly-influential champion of Canada’s shipping universe, passed away on November 24. The team at Maritime Magazine extends its most heartfelt condolences to his wife Janice of 50-plus years, three daughters, the overall family, many friends and past associates. Between January 1, 2004 and February 2022,