Shipping

Bulker scrapping decreased by 24%

The volume of bulk carriers scrapped from January to April 2025 decreased by 24% compared to the same period last year, representing the lowest level in 17 years. The Baltic and International Maritime Organization (BIMCO) recently co..

News > Shipping > 2025-05-16 15:32:46

Angelicoussis offloads aging VLCCs

Secondhand tanker market heats up – 18-year-old VLCC sold for up to $50 million as large crude carrier values surge Greece’s largest shipowner, Angelicoussis Shipping Group (ASG), is accelerating the sale of its aging VLC..

News > Shipping > 2025-05-16 09:38:50

Saudi’s Folk Maritime expands fleet

Folk Jubail and two feeder vessels acquired under Saudi flag – “Supporting Vision 2030 logistics goals” Saudi Arabia’s up-and-coming container carrier Folk Maritime is ramping up fleet expansion, acquiring thr..

News > Shipping > 2025-05-16 09:36:23

Indonesia’s Jhonlin snaps up 60,800-dwt ultramax bulker

Follows 8-ship newbuilding order in Japan – “Coal export contracts with China drive fleet ramp-up” Indonesia’s coal and logistics giant Jhonlin Group is accelerating its push into ocean shipping, with affiliat..

News > Shipping > 2025-05-16 09:31:18

Taiwan’s Container Shipping “Big Three” Show Resilient Q1—but Dark Clouds Loom for Q2

Evergreen outpaces rivals with strong earnings, while Yang Ming and Wan Hai face headwinds U.S.-China tariffs, oversupply, and slowing demand expected to weigh heavily on market Taiwan’s top three container shipping lines&mdas..

News > Shipping > 2025-05-16 08:30:43

Tanker Recycling Creeps Up in 2025—Sanctions and HKC Shape Outlook

Scrapping volume rises quietly in early 2025; India leads, Bangladesh faces compliance lag The tanker recycling market is showing signs of a quiet recovery in early 2025. According to UK-based shipbroker SSY, a total of 10 crude and ..

News > Shipping > 2025-05-16 08:26:40

George Chatzis Nears 50 Bulk Carrier Milestone with Dual-Fleet Strategy

Newport SA and Grehel Shipmanagement expand with Japanese secondhand and newbuilding mix Greek shipowner George Chatzis is on the verge of crossing the 50-vessel threshold in the dry bulk sector, as his companies Newport SA and Grehe..

News > Shipping > 2025-05-16 08:24:38

China’s Maritime Rebound… The ‘Red Wave’ Sets Sail Again

90-Day Tariff Grace Period Begins — Surge in China-Bound Cargo Volume Container Freight Rates Soaring — $10,000 Offers Reported for U.S. East Coast After a brief downturn triggered by U.S. retaliatory tariffs in April 20..

News > Shipping > 2025-05-15 11:10:35

Knutsen OAS Breaks Record Again—Orderbook Surpasses $20 Billion

Norwegian shipowner Knutsen OAS Shipping has once again set a new earnings record for FY2024. With a fleet centered on LNG carriers, shuttle tankers, and chemical/product tankers, the company’s long-term charter strategy continues..

News > Shipping > 2025-05-15 08:46:34

Europe’s First LCO₂ Carrier ‘Carbon Destroyer 1’ Launched

Key step in Project Greensand—connecting emitters and offshore storage in North Sea Europe’s first liquefied carbon dioxide (LCO₂) carrier has been launched at the Royal Niestern Sander shipyard in northern Netherlands. T..

News > Shipping > 2025-05-15 08:40:27