Maritime News

November 16 ------ Despite the existing uncertainty in global regulations for clean shipping, some decarbonization initiatives are setting ambitious targets for transitioning to alternative fuels. One such example is the South Africa-Europe iron ore shipping route, which could feasibly deploy ammonia-fueled bulk carriers as soon as 2029 and scale toward full decarbonization by 2035. These findings are contained in a feasibility study by the Global Maritime Forum, produced in

November 16 ------ Cruising is among the shipping segments pursuing new environmentally sensitive technologies, with exploration and luxury at the forefront. Large cruise ships have adopted LNG, scrubbers, and solar panels, while two newly launched expedition cruise ships will be among the most environmentally advanced to date. The ASENAV shipyard in Valdivia, Chile, seeks to establish its position in the sector with the launch of the new Magellan Discoverer for the sustainab

November 15 ------ In November 2024, BIMCO launched a Ship Recycling Alliance to help accelerate safe and environmentally sound ship recycling of ships through the coordination of the voices of the ship recycling industry and the shipping industry. The alliance was also launched to help facilitate the global implementation of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships 2009 (HKC) prior to its entering into force in June 202

November 15 ------ The National Retail Federation, an industry trade group, issued its monthly report on expected import volumes through the major U.S. container ports, projecting that volumes will fall below two million TEU per month and continue a steady decline through the first quarter of 2026. With tariff uncertainty continuing but most holiday merchandise already in stores or warehouses, it projects that import cargo volume will see the usual end-of-year slowdown in Nov

November 14 ------ The VLCC market is currently booming and driving shipping’s strongest earnings performance in over two years. Spot earnings are reaching $100,000 per day on key routes, and analysts suggest this surge could reshape tanker deployment strategies well into 2026. Freight markets have surged, powered by a buoyant crude market, resurgent OPEC+ production, and tightening tonnage capacity. For VLCC owners, this marks not just a rally, but a key turning point, and o

November 14 ------ Japanese shipping major Nippon Yusen Kaisha (NYK) has announced plans to issue transition bonds in late November in an effort to accelerate its decarbonization projects. As explained, transition bonds are designed to facilitate the transition to a low-carbon society. This marks the company’s fifth issuance of such bonds, showing the evolving role of this financial instrument in the shipping industry. Specifically, the company’s transition bonds will have a

November 14 ------ Bahrain and Qatar have for the first time established a direct ferry link. Previously, GCC citizens who wished to travel between the two countries had to fly, or take a long land route through Saudi Arabia subject to border controls. The new ferry route, which went into service on November 6, makes the direct transit in 50 minutes. Initially, two return services will run each day, but from this modest start the operator wants to build a higher-volume servic

November 14 ------ Florida-headquartered Disney Cruise Line has held a naming ceremony for its third cruise ship fueled by liquefied natural gas (LNG). As disclosed, the 340-meter-long and 39-meter-wide vessel was formally named Disney Destiny at its homeport of Port Everglades in Fort Lauderdale, Florida. The Wish-class cruise ship, which features a gross tonnage of 144,000 and a capacity to carry up to 4,000 passengers, is the seventh vessel of its kind to be operated by th