#magazine

The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, surged 23% to $3,433 per 40ft container due to rate increases on the Transpacific and Asia–Europe trade routes. Drewry has received confirmation from multiple sources that this year’s peak season began earlier than usual, which is supporting stronger demand and higher freight […]

2026 data shows that the methane decarbonisation pathway is moving forward. This is despite geopolitical disruption and regulatory uncertainty, says industry coalition SEA-LNG. The latest data shows that LNG bunkering volumes are surging in major bunkering hubs, liquefied biomethane sales have grown six-fold in major ports and LNG-fuelled vessels now account for about 90% of

Total cargo volume on the St. Lawrence Seaway to the end May amounted to 8.06 million tonnes, 3.3% lower than the corresponding period of 2025, according to statistics released by the St. Lawrence Seaway Management Corporation. The overall drop was mainly due to a decline of 12.6% in grain shipments to 2.6 million tonnes. Early

According to Niels Rasmussen, Chief Shipping Analyst at BIMCO, dirty tanker exports in May from the Americas reached 14.5 million barrels per day (mbpd), up from the previous record of 13.8 mbpd in April. Dirty tankers are specialized vessels that transport unrefined, heavy fuel oil. “Compared to May 2025, exports are up 40% year-on-year and

Singapore – Seaspan Corporation, a global leader in maritime asset ownership and management, and Hapag-Lloyd, a leading container liner, today announced the successful completion of the first of the five vessel conversions under their methanol retrofit program with the delivery of Seaspan Yangtze. This successful conversion is not only a remarkable technical achievement, but also

Governor Greg Abbott on Monday delivered remarks and participated in a groundbreaking ceremony on a $1 billion modernization of Davie Defense’s Gulf Copper Shipyards’ Coast Guard icebreaker production facilities in Galveston and Port Arthur. This project is the state’s first complex shipbuilding project in decades.  “This is a quintessential America First project,” said Governor Abbott. “America has a dire

QSL announces its admission to the Platinum Club of Canada’s Best Managed Companies, the highest level of distinction within the Deloitte‑led recognition program. This designation is reserved for Canadian companies that have demonstrated sustained excellence for more than seven years, reflected in their ability to maintain high standards of governance, strategic leadership, and organizational performance

The CMA CGM Group marks the maiden call of the CMA CGM NOTRE DAME in Singapore, a new-generation liquefied natural gas (LNG)-powered vessel and the largest containership currently operating under the French flag. Following the start of its maiden commercial voyage in Shanghai, China, the vessel is now calling Singapore before continuing its journey to

SIU Canada President Chris Given has sent a letter to a wide range of marine sector stakeholders across the country, including government officials, companies, industry partners and other labour organizations regarding a proposal currently being considered as part of a Transport Canada consultation. If implemented, the proposal would permit foreign-flagged vessels to operate in Canada’s

The latest installations of wind propulsion technology on large commercial vessels have pushed the global fleet of cargo ships capable of harnessing wind energy beyond the 100-vessel milestone, representing over five million tonnes of deadweight (DWT) cargo carrying capacity, reports the International Windship Association. The passing of this milestone marks a significant turning point in