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Maritime News
Ukrainian Drones Sink Russian Cargo Vessel
A cargo ship carrying wheat sank in the Sea of Azov after coming under attack from Ukrainian drones, a Russia-installed…
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Port News
Waiting for the next cycle could sink your shipping strategy
As geopolitics reshapes trade routes and volatility becomes structural rather than cyclical, shipping’s traditional reliance on market recoveries is no…
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Maritime News
China and Philippines Rush to Save Seafarers After "K" Line Bulker Sinks
A Search and Rescue operation was underway in the South China Sea near one of the most disputed regions in…
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Maritime News
Port Authority of NSW Assists Fire Response after Vessels Burn and Sink at Marina
The Port Authority of New South Wales (NSW) has assisted Fire and Rescue NSW in containing and extinguishing a fire…
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Port News
US and Saudi lead move to sink IMO’s Net-Zero Framework
The United States and Saudi Arabia have launched a coordinated push to stall and potentially derail the International Maritime Organization’s…
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Maritime News
Orcas Sink Sailing Yacht With Family of Five Off Portugal
Last week, a family of five survived a sinking off the coast of Portugal, which was initiated by the latest…
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Maritime News
Crew Rescued as Ukrainian Cargo Ship Sinks in Black Sea
The Bulgarian Navy coordinated the rescue of 10 seafarers from a Ukrainian cargo ship that sank in the Black Sea…
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Port News
Liner price war looms as spot rates sink below breakeven
There are growing signs that a price war is breaking out in container shipping. Consultancy Linerlytica is already warning that…
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Marine World
Container Rates Sink to Lowest Since Start of Red Sea Diversions
By Brendan Murray (Bloomberg) — The cost to ship goods in containers to northern Europe from China fell to the…
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Port News
Box rates rates sink to lowest levels since Red Sea crisis
Container freight rates are sliding further, with Drewry’s World Container Index (WCI) dropping 8% this week to $1,761 per feu…
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