Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst. Peter Sand, Xeneta Chief Analyst: Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates “Average spot rates from …

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Shipping and shipbuilding leaders call for closer ties amid industry transformation

Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026. The summit, jointly organized by the China Association of the National Shipbuilding Industry (CANSI), the German Shipowners’ Association (VDR) and DNV, brought together leaders from two maritime sectors that collectively …

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UK and EU Gasoline Is Reaching Russia Through a Moroccan Blending Hub

Sustained Ukrainian strikes on Russian refining capacity have produced something not seen since the start of the war: Russia importing gasoline and diesel at scale. Windward’s analysis of shipping data, combined with Vortexa trade-flow data, puts total Russian imports at an estimated 3.85 million barrels across July–August 2026 — roughly 500,000 barrels in July, rising …

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SMM 2026: Security becomes the dominant issue for the maritime industry

For four days, SMM 2026 focused on the key challenges facing the maritime industry – from maritime security and resilient supply chains to energy efficiency and new propulsion technologies, artificial intelligence and autonomous systems. Shipping companies, shipyards, suppliers, technology companies, navies and international organisations used the event to discuss investment, new technologies and partnerships. “What …

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ClassNK Grants Approval in Principle to OceanWings’ RF and RT Wingsail Designs

Expanded approval confirms the scalability of OceanWings technology across a broad range of vessel sizes and shipping segments. OceanWings has received an Approval in Principle (AiP) from ClassNK covering its Rigid Fixed (RF) and Rigid Tiltable (RT) wingsails. The approval was presented during an official ceremony at SMM in Hamburg on 2nd September 2026. Building …

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New 12,500 m³ LNG bunker vessel design gains LR approval as bunkering demand grows

Approval reflects continued investment in LNG infrastructure as shipowners seek practical fuel transition capabilities and operational flexibility. Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to CSSC Huangpu Wenchong Shipbuilding Co., Ltd. for a new 12,500 m³ LNG bunkering vessel design. The AiP was signed at SMM 2026 in Hamburg and confirms that the …

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Techcross Renews ‘Smart Platform’ to Enhance AI-Powered Vessel Management

Techcross has completely renewed its Smart Platform, a dedicated web-based service for shipowners. The key focus of the renewal is to go beyond simply providing operational data from Ballast Water Management Systems (BWMS) by improving the information structure and data analytics functions, enabling users to identify vessel conditions and necessary actions more quickly. The renewed …

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