Stay informed with real-time maritime industry updates
Splash247
The shipping industry is experiencing a significant increase in insurance claims due to an aging global fleet, as highlighted in the latest data from the Nordic Association of Marine Insurers (Cefor). Splash247 reports that Cefor's 2025 Nordic Marine Insurance Statistics indicate ocean hull claims costs are 33% higher than pre-pandemic levels.
Seatrade Maritime
Cosco Shipping Bulk has launched its first container service, with the maiden call taking place at the Nansha Port Area in Guangzhou, as reported by Seatrade Maritime. This marks a significant expansion for the Chinese bulk shipping service provider into the container market.
Seatrade Maritime
Seatrade Maritime reports that the recent surge in bunker fuel prices has significantly enhanced the return on investment for wind-assisted propulsion systems, with some achieving payback in under a year. This development highlights the growing appeal of sustainable technologies in the maritime industry.
Splash247
Mediterranean Shipping Co (MSC) has become the first container carrier to operate 1,000 ships, as reported by Splash247. The milestone was achieved with the delivery of the 11,480 teu MSC Migsan from Zhoushan Changhong shipyard in China, according to Linerlytica.
Seatrade Maritime
Chattogram recyclers in Bangladesh are poised to absorb more tonnage due to their financial capacity and the urgency before the monsoon season, as reported by Seatrade Maritime. However, the supply of ships for recycling remains weak.
Seatrade Maritime
Singapore has reiterated its commitment to freedom of navigation in response to Iran's proposal to impose tolls for passage through the Strait of Hormuz, as reported by Seatrade Maritime. Singapore, a key littoral state along one of the world's busiest waterways, stands firm on the rights of free passage.
gCaptain
North Korea tested strategic cruise and anti-warship missiles from its destroyer Choe Hyon as part of operational efficiency trials, according to state media KCNA, as reported by gCaptain.
gCaptain
As reported by gCaptain, a U.S. dredging company has criticized the terms of a major river concession in Argentina, claiming they favor a consortium with historical ties to China. This concession is a key initiative under President Javier Milei's administration.
gCaptain
The Port of Los Angeles experienced significant activity in March, as reported by gCaptain. However, concerns are growing about the potential impacts of the U.S./Israel conflict with Iran on trade and energy sectors.
Splash247
The takeover battle between Diana Shipping and Genco Shipping & Trading has escalated as Diana appeals directly to shareholders, accusing Genco's board of avoiding engagement for five months, according to Splash247. Diana's open letter follows stalled negotiations over its $23.50-per-share cash offer.
