The Resurgence of Container Ship Orders Amid a Global Newbuilding Slump
Container ship orders surged by 238.1% in Q1 2025, driven by fuel transition and mega-ship demand.
Chinese shipyards dominate global orders, securing 70%...
Major Geopolitical Shocks Shaping Q1 2025
Sanctions surged in Q1 2025, especially targeting tankers and firms in key jurisdictions.
GPS jamming spiked, disrupting vessel tracking with long-distance anomalies and...
Asyad Shipping’s VLCCs Acquisition and Fleet Expansion Plans
Oman’s Asyad Shipping has acquired two very large crude carriers (VLCCs) for US$205 million.
The two VLCCs, Landbridge Wisdom and Landbridge Glor, were...
GTT Acquires Maritime Data Specialist Danelec in €194 Million Deal
GTT (Gaztransport & Technigaz), a French technology and engineering group specializing in membrane containment systems for the transport and storage of liquefied gases, has...
Beyond Reflagging: The SHIPS Act’s Long-Term Plan for US-Built Vessels
Analysts at Poten & Partners, a tanker brokerage and market expert firm, have commented on the significance of the proposed SHIPS Act (comprising the...
Reduced Traffic Expected to Limit Panama Canal Closure Disruptions
The Panama Canal is planning a five-day closure of the west lane of the Pedro Miguel lock later in May 2025 for necessary maintenance...
US Trade Policy Creates Headwinds for Tanker Market Despite Stable Oil...
US trade/foreign policy has been one of the biggest headaches this year, and a key input into many of the issues mentioned below. The...
Far East to US Rates Stable Amidst Tariff Impact, Europe Rates...
Average spot freight rates for shipping containers from the Far East to both the US West Coast and the US East Coast have remained...
AD Ports Group and SCZONE Sign 50-Year Agreement for Major Industrial...
AD Ports Group and the Suez Canal Economic Zone (SCZONE) have entered into a significant 50-year renewable agreement. This agreement grants AD Ports Group...
Yang Ming Honored With Sapphire Award For Championing Marine Conservation
Yang Ming Marine Transport Corporation has once again proven its environmental leadership by earning the prestigious Sapphire Award—NOAA’s highest honor—for the fourth time. This...
Kongsberg Maritime To Equip Matson’s New LNG-Powered Megaships
Kongsberg Maritime is set to deliver advanced integrated technologies for three 3,600 TEU LNG-powered container vessels being built at Philly Shipyard for Matson Navigation...
“Floating Office” Vision Advances As Connectivity Revolutionizes Maritime Safety
At Inmarsat’s recent ‘Thriving in the Digital Age’ seminar in Singapore, maritime leaders shared how advanced connectivity is transforming the industry. From AI-managed hydroponics...
Global Economic Jitters Impact Ship Recycling As Recession Fears Grow
As inflation picks up worldwide and the U.S. economy shrinks in Q1, the global shipping and ship recycling industries are navigating rough waters. A...
Incat Launches World’s Largest Battery-Electric Ship In Tasmania
Tasmania has become home to a maritime milestone with the official launch of Incat Hull 096, the world’s largest battery-electric vessel. Commissioned by South...
VINSSEN’s 60kW Hydrogen Fuel Cell Stack Earns Type Approval For Maritime...
South Korea-based maritime decarbonization specialist VINSSEN has achieved a major milestone with the Type Approval certification of its 60kW hydrogen fuel cell stack. The...
Game Theory at Sea: The Prisoner’s Dilemma in Global Shipping and...
In the realm of economics and international trade, decision-making under uncertainty often leads rational players to adopt strategies that, while individually rational, result in...
Korea & U.S. Agree to Launch Transpacific Green Shipping Corridor by...
A green shipping corridor across the Pacific Ocean linking the United States and South Korea is set to be established by 2027, the...
DEME Completes Acquisition of Havfram
Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros,...
Smart Shipping: Maersk Upgrades IoT Connectivity Across Its Fleet
A.P. Moller - Maersk (Maersk) is taking a significant step in digital innovation with the deployment of its next-generation IoT connectivity platform, OneWireless,...
Hudson-Athens Lighthouse Suffers Extensive Damage in Hit-and-run
On the night of April 29, 2025, the Hudson-Athens Lighthouse, a 150-year-old beacon on the Hudson River in New York, was struck by a...