Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies. That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979. Container volumes fell 8.4%...
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ABS and RINA Accreditation Received by AST Networks
AST Networks announces that they have achieved certification from ABS (American Bureau of Shipping) and RINA (Registro Italiano Navale) to conduct GMDSS (Global Marine Distress and Safety System) Radio Surveys, along with inspections for VDR (Voyage Data Recorders) and PA/GA (Public Address and...
https://www.hellenicshippingnews.com/abs-and-rina-accreditation-received-by-ast-networks/
Port of Oakland container volume grows 7% in March
The Port of Oakland closed the first quarter of 2025 on a strong note. Total container volume rose 7.2% compared to March 2024, with Port operators handling 217,415 TEUs (twenty-foot equivalent units) in March 2025. That performance brings first-quarter volume to 601,527 TEUs—an increase of 6.3%...
https://www.hellenicshippingnews.com/port-of-oakland-container-volume-grows-7-in-march/
Baltic Index Logs Second Weekly Gain On Higher Rates Across Vessels
The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its second straight weekly gain, helped by higher demand across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 20 points, or 1.5%, to 1,373. The index was...
Marine Medical Services advises why seafarers must remain vigilant about malaria
Despite its lack of publicity, malaria remains an ongoing epidemic and a perilous threat to seafarers, whose work inherently involves frequent travel. Crews are one of the most susceptible groups to this mosquito-borne disease, which can lead to serious side effects such as fever, muscle pain,...
Fitch Ratings Introduces Interactive Tariff Tool as U.S. Tariff Rates Fluctuate
The current U.S. effective tariff rate (ETR) of 22.8% will undoubtedly fluctuate as tariff policy is modified, Fitch Ratings says. The ETR increased sharply from 2.3% earlier this year before Trump began raising tariffs in March. It will rise further if current carveouts are tariffed, reciprocal...
K Shipbuilding secures orders for four eco-friendly oil chemical carriers
On the 25th, K Shipbuilding announced that it has secured orders for four 50,000-ton (t) oil chemical product carriers. Notably, these vessels are designed to facilitate a transition to eco-friendly fuel propulsion systems, such as liquefied natural gas (LNG) or methanol. This month, K Shipbuilding...
Fortescue Executive Chairman hails historic global shipping climate accord
Fortescue Executive Chairman Dr Andrew Forrest AO has welcomed the landmark carbon pricing agreement reached by the UN’s International Maritime Organization (IMO), describing it as clear evidence that when industry is at the table, global cooperation can actually work – and drive serious economic...
China has scope to ramp up stimulus, fix property woes, IMF says
China needs to do more to address its property-sector problems and has scope to provide more stimulus to boost consumption, Krishna Srinivasan, director of the International Monetary Fund’s Asia and Pacific Department, said. Srinivasan welcomed measures taken by Beijing so far to fix its property...
https://www.hellenicshippingnews.com/china-has-scope-to-ramp-up-stimulus-fix-property-woes-imf-says/
Trump says Xi called him, lays out trade and other deal plans in Time interview
U.S. President Donald Trump this week said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping had called him, Time magazine reported, as Beijing has so far disputed the U.S. characterization of talks. The Republican president, in an interview with...