Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that Bimco, based in Copenhagen, has introduced a new biofuel clause for time charterparties. This move aims to facilitate a greater adoption of biofuels in the shipping industry.
EMSA
Representatives from coast guard authorities across the EU and beyond convened in Ponta Delgada, Azores, Portugal for the Annual European Coast Guard Event on June 9-10, as reported by EMSA. The gathering focused on collaborative efforts and strategies among European coast guards.
Splash247
Despite geopolitical disruptions and regulatory uncertainties, members of the Sea Cargo Charter (SCC) maintained stable climate performance in 2025, as reported by Splash247. The SCC's annual disclosure report revealed that signatories were, on average, 11.6% behind the International Maritime Organization's targets.
Splash247
China's passenger car exports surged by 73% year-on-year in May, reaching approximately 809,000 vehicles, as reported by Splash247. The increase, driven by electric vehicle shipments, has led to record-high charter rates for car carriers and a cleared spot market.
Offshore Energy
Malaysia's Petronas has entered into a 20-year liquefied natural gas (LNG) supply agreement with Japan's JERA, enhancing energy ties between the two nations, as reported by Offshore Energy. This partnership extends into the 2040s, reinforcing Japan's energy security.
Seatrade Maritime
A third tanker has suffered an engine room fire off the coast of Oman, as reported by Seatrade Maritime. This incident follows two similar fires earlier this week, which were reportedly caused by US forces disabling vessels for violating a blockade of Iranian ports.
Splash247
The ceasefire in the Strait of Hormuz has collapsed following renewed US-Iran conflicts, as reported by Splash247. The product tanker Settebello caught fire near Sohar, Oman, leaving three seafarers missing.
Splash247
Hong Kong is implementing new tax incentives for shipping-related businesses and commodity traders to bolster its status as a global maritime hub, as reported by Splash247. A significant aspect of the legislation is a reduced profits tax rate of 8.25% for eligible physical commodity traders.
Seatrade Maritime
Eastern Pacific Shipping (EPS) has taken delivery of a Very Large Ammonia Carrier (VLAC) from Jiangnan Shipyard, as reported by Seatrade Maritime. The vessel will be used for long-haul green ammonia transportation worldwide for Trafigura.
Seatrade Maritime
Exmar has commissioned the first ammonia-powered deepsea vessel, marking a significant step in sustainable maritime operations, as reported by Seatrade Maritime. This vessel is the first of four oceangoing gas carriers equipped with WinGD ammonia engines.
