Maritime Magazine

Drewry’s World Container Index (WCI) fell 2.6% this week, marking its fifth consecutive weekly decline. This ongoing downturn follows an earlier period of volatility triggered by higher US tariffs announced in April. The market reaction to the tariffs lagged by one month, with rates beginning to climb in May and surging through the first week […]

Over 2,280 seafarers have been abandoned aboard 222 vessels so far this year – with $13.1 million in unpaid wages and a 30% year-on-year increase in cases, according to new figures released by the International Transport Workers’ Federation (ITF).   So far in 2025, at least 2,286 seafarers on 222 vessels have been left stranded,

The U.S. Central Command (CENTCOM) today congratulated the Yemeni National Resistance Forces (NRF), led by Gen. Tareq Saleh, for the largest seizure of Iranian advanced conventional weapons in their history. The NRF intercepted and seized over 750 tons of munitions and hardware to include hundreds of advanced cruise, anti-ship, and anti-aircraft missiles, warheads and seekers,

Scheduled heavy fees on China-built ships calling at U.S. ports have sparked a significant drop in the market share of Chinese shipyards, reports BIMCO. “In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.  “Growing concerns over

North Vancouver, B.C. — Seaspan Vancouver Shipyards  has signed a Memorandum of Understanding with Stigterstaal Canada and Algoma Steel Inc. to explore a strategic partnership aimed at reestablishing a domestic steel supply chain focused on bolstering and expanding shipbuilding in Canada. The memorandum provides a framework for the three companies to assess the feasibility of Algoma Steel

Tokyo-based ITOCHU Corporation has announced that it recently signed a shipbuilding contract for the construction of a 5,000 m3 ammonia bunkering vessel with Sasaki Shipbuilding Co., Ltd.  and an agreement regarding the construction of an ammonia tank plant that will be loaded onto the Vessel with Izumi Steel Works Ltd. The delivery target for the world’s

Driven by a 28% spike in grain shipments, total cargo transiting the St. Lawrence Seaway increased by 4.1% during the commercial navigation period to end June, reports the St. Lawrence Seaway Management Corporation. All grain shipments handled by the binational waterway since the late March start of the 2025 season amounted to 4.2 million tonnes

The Center for Biological Diversity, based in Tucson, Arizona, today sharply attacked a bill introduced by the Trump administration that would “decimate marine conservation efforts and put endangered whales at even greater risk.” The Center was referring to the House Appropriations Committee’s FY26 Commerce, Justice, Science, and Related Agencies spending bill, which it charged was laced with

According to the ICC International Maritime Bureau (IMB) Piracy Reporting Centre, there has been an alarming increase in armed robbery incidents in Singapore Strait, a vital maritime trade corridor. Globally speaking, there were 90 reported incidents in the first half of 2025, representing a 50% increase compared to the same period in 2024 and the

Under a major infrastructure investment, the Hamburg Port Authority has announced the Elbe approach to the Waltershofer Hafen is to be enhanced and additional terminal yards will be  created. Navigation towards the Container Terminals Buchardkai (CTB) and Container Terminal Hamburg (CTH) will be easier and faster. New land for terminal operations will create additional capacity