International Chamber of Shipping statement on the Red Sea ship attacks The Bahamas flagged Galaxy Leader, operated by Japanese company NYK, and owned by British Company Ray Car Carriers was seized by Houthi forces on 19 November. Subsequen

The setup of THE Alliances network has been reconfigured to ensure a comprehensive port coverage. The enhanced service setup will be effective from April 2024. One of key highlights in 2024 will be deploying additional tonnage in several se

On 13th December, Shanghai International Port (Group) Co., Ltd. (SIPG) and Evergreen Marine Corp. signed the Memorandum of Understanding on Green Methanol Fuel Supply to Ships in the Port of Shanghai. According to the agreement, SIPG will pr

Global Maritime Trends 2050 report This autumn Lloyds Register and Lloyds Register Foundation launched the Global Maritime Trends 2050 report as part of a broader multi-year Global Maritime Trends 2050 Research Programme.     Global M

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a port

[Photo: FreightWaves] Hamburg, 30 November, 2023 Container xChange, the leading online platform for container logistics, provides crucial insights into the far-reaching effects of the ongoing Panama Canal crisis on global trade and on the c

The European Union Council and Parliament have agreed amendments to include shipping in the EU emissions trading system (EU-ETS) from 1 January 2024. Further to our earlier advice on the European Union Council and Parliament reaching a prov

[Photo: MarineTraffic] Iran has supplied Shahed-136 kamikaze drones to Russia for use in Ukraine. They carry a small warhead that explodes on impact. The incident comes amid heightened maritime security tensions due to the Israel-Hamas war

A new simplified glossary that supports the industry to gain a better understanding of the terminologies and phraseologies used in life cycle assessments (LCA) and sustainability criteria relating to alternative marine fuels has been launch

English High Court decision on the incorporation of the York-Antwerp Rules could impact General Average claims There has been a long-held view that most iterations of the York Antwerp Rules are not amendments or modifications of previous ve

Geopolitical tensions in the Red Sea have increased since the commencement of the Israel-Gaza conflict and this is particularly relevant for assets with links to Israel transiting the region. Following the recent attack on the vessel GALAXY

Ships in EU seas should face dissuasive fines not only for oil spills, but also for sewage and garbage discharge, Transport and Tourism Committee MEPs say. On Thursday, Transport and Tourism Committee voted to update EU rules on preventing

On 10 October 2023, the European Commission announced that it would not extend the Consortia Block Exemption Regulation (CBER). Companies that are engaged in liner services operate on set routes, according to regular and scheduled timetable

They can be hotter, more toxic, quicker to spread and possibly more explosive. Most experts agree that lithium battery fires are different and that the risks for people on board are serious. The industry needs to align and collaborate more

From1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within th