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Global Trade is On Track for a New Record in 2024

Global Trade is On Track for a New Record in 2024

With inflation easing and service trade booming, the total volume of world trade is likely to hit a new record of $33 trillion in 2024, according to UN Trade and Development (UNCTAD).  The forecast represents an increase of $1 trillion over UNCTAD's last update,...

U-Ming to Add Anemoi’s Rotor Sails to Giant Ore Carrier

U-Ming to Add Anemoi’s Rotor Sails to Giant Ore Carrier

Taiwan’s U-Ming Marine is becoming the latest in a growing list of shipowners to adopt wind-assisted propulsion. Bulkers are a popular category for the technology which is now planned for a broad range of vessel sizes. U-Ming plans to add rotors made by the UK’s...

China Commissions Its First Deep-Ocean Drillship

China Commissions Its First Deep-Ocean Drillship

In its quest to access deep-ocean resources, China commissioned its first drilling vessel at a shipyard in Guangzhou. The ultra-large drillship, the Meng Xiang (Dream), is a significant leap in China’s ambition for deep-sea exploration, including mineral...

Cybersecurity: Ghosts in the Machine

Cybersecurity: Ghosts in the Machine

In the dead of night, a fully laden LNG tanker quietly navigates the narrow channel of a strategic U.S. port. Suddenly, the ship's GPS blinks and alarms, showing the vessel miles off course. The crew has no idea their instruments have fallen prey to a sophisticated...

Tanker Collision Spills Paraffin Off Algeciras

Tanker Collision Spills Paraffin Off Algeciras

After a collision between a bulker and a chemical tanker near the Strait of Gibraltar on Friday, white balls of solid paraffin wax have been floating ashore near the port of Algeciras, Spain. The substance appears to be connected to the cargo released by the...

Two “Shunned” Cargo Ships Find Resolution to Disputes

Two “Shunned” Cargo Ships Find Resolution to Disputes

Two cargo ships have been making international headlines as they were shunned by ports and were being treated as “pariahs” endangering public welfare. Both ships, the Malta-registered general cargo ship Ruby and the Portugal-registered Kathrin, have...

Shipping and the Energy Transition

Shipping and the Energy Transition

Although the extreme demands of energy transition activists are receiving pushback from the public, the pressure for change remains. International forecasters point to the recent rapid growth of renewable energy as confirming that the transition is not merely underway...

UK Pursues Clean Shipping with EU Through Green Corridors

UK Pursues Clean Shipping with EU Through Green Corridors

The United Kingdom is living up to its promise to establish green shipping corridors to decarbonize the maritime sector. In December last year, the country made a pledge in the Clydebank Declaration at COP26 to establish six green shipping corridors by the middle of...

Maritime Crime and Piracy at Lowest Level in 30 Years

Maritime Crime and Piracy at Lowest Level in 30 Years

In the first nine months of 2024, reported incidents of piracy and armed robbery fell to the lowest levels since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). Despite the lowest number of reported incidents in three decades, IMB...

Local News

Government confirms rice exports to Malaysia, stocks safe

Government confirms rice exports to Malaysia, stocks safe

Jakarta (ANTARA) - Indonesia's Deputy Agriculture Minister Sudaryono has assured that the government's plan to export two thousand tons of rice to Malaysia per month will not impact the country's domestic rice stocks. "Insha'allah (God willing), (it is) safe," he told...

In a move to strengthen international cooperation and agricultural growth, Cross River State Governor, Senator Bassey Otu, has hosted the Malaysian High Commissioner to Nigeria, His Excellency Aiyub Bin Omar, in Calabar.

In a move to strengthen international cooperation and agricultural growth, Cross River State Governor, Senator Bassey Otu, has hosted the Malaysian High Commissioner to Nigeria, His Excellency Aiyub Bin Omar, in Calabar.

The high-level diplomatic engagement focused on enhancing bilateral trade and deepening collaboration in the agricultural sector, particularly in oil palm development. Welcoming the delegation at the Governor’s Office, Governor Otu highlighted the historical...

Indonesia to export 2,000 tons rice to Malaysia in B2B deal

Indonesia to export 2,000 tons rice to Malaysia in B2B deal

Jakarta (ANTARA) - Indonesia will export 2,000 tons of rice per month to Malaysia, with the commodity primarily sourced from West Kalimantan, the province closest to the neighboring country. Agriculture Minister Amran Sulaiman announced on Friday that the rice export...

No more stalling on heavy vehicle policies, says MCA

No more stalling on heavy vehicle policies, says MCA

With lives at stake, we can no longer afford to delay reforming Malaysia’s heavy vehicle policies. The recent surge in serious road accidents involving commercial heavy vehicles is a clear signal that our system is failing. These are not isolated incidents — they are...