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Sea

Shipping chamber bats for urgent progress in greenhouse gas negotiations

After a week of intense greenhouse gas (GHG) negotiations at the United Nations International Maritime Organization (IMO), the International Chamber of Shipping (ICS) stressed...

New fleet era requires over 800 new vessels by 2050 – analysts

The shipping industry will require the construction of over 800 new vessels by 2050 to meet the anticipated surge in hydrogen-based commodity and CO2...

Global shipping industry faces increased uncertainty

If you thought the global shipping and supply chains would stabilize after the disruptions caused by COVID-19 and the Suez Canal blockage, recent developments...

Drewry WCI composite index drops 6%, reflecting decline in freight rates across major trade routes

The Drewry World Container Index (WCI) saw a 6% decrease, falling to $2,629 per 40ft container on Thursday, Feb. 27, 2025, marking a significant...

ICTSI’s Argentina port upholds supply chain security, global trade standards

TecPlata, the business unit of Manila-based global port operator International Container Terminal Services, Inc.’s (ICTSI) in Argentina, has reinforced its adherence to the highest...

Certification for ammonia-fueled bunkering vessel approved

A significant breakthrough in the transition to sustainable maritime energy has been achieved with the issuance of an Approval-in-Principle (AiP) certificate for an ammonia-fueled...

𝐏𝐏𝐀 launches integrated system for port efficiency

The Philippine Ports Authority (PPA) formally launched its Integrated Management System (IMS) to enhance efficiency port operations. The initiative, launched on Feb. 24, 2025 at...

Honda enters Philippines marine engine market

Honda Philippines, Inc. (HPI) has expanded its business in the country as it forayed into the marine engine market, in anticipation of strong demand...

Global container port throughput sees mixed trends in December, growth slows into 2025

Drewry’s Global Container Port Throughput Index declined 2.0% month-over-month (MoM) in December, settling at 113.7 points. Despite the drop, the index remained 5.4% higher...

Mindanao Container Terminal exclusively using solar power during daylight hours

Mindanao Container Terminal (MCT), a subsidiary of global port operator International Container Terminal Services Inc. (ICTSI) of billionaire Enrique K. Razon Jr., is now...

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