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..
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..
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..
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..
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..
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 ..
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..
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..
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..
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..
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