Standard Chartered and J.P. Morgan released oil price forecasts showing mixed market signals, with Brent crude expected to average $68.50 and $66 per barrel in 2025.
M.A.R.S. Europe A/S and Porto Central have signed a new MoU to advance plans for a shipyard in Espírito Santo, Brazil, dedicated to dismantling and recycling offshore oil platforms and vessels.
Global ship orders dropped 38% year-on-year in October, according to Clarksons Research. China led the market with a 73% share, while Korea accounted for 18% amid a broader industry slowdown.
The Trump administration has announced a one-year suspension of port fees on China-linked vessels and will begin negotiations with China on shipbuilding and maritime logistics under the Section 301 framework.
SAL Heavy Lift has christened MV Elise in Hamburg, the first of its new Orca Class vessels, marking a step toward more efficient and sustainable heavy-lift shipping.
Container discharge operations aboard WAN HAI 503 continue at Jebel Ali after the June 2025 fire. Crews have unloaded 799 containers, with 923 remaining, while maintaining strict safety measures.
The grounded container ship MSC Baltic III has sustained damage amid strong winds and rough seas on Newfoundland’s west coast. The Canadian Coast Guard confirmed movement in the vessel and debris washing ashore.
