Container Shipping Market Adjusts as Rates Fall and Blank Sailings Rise

July Blank Sailings to Drop 44% as Carriers Cut Transpacific Capacity. Transpacific Routes Account for Nearly Half of All Blank Sailings. Schedule Reliability...

Evangelos Marinakis Expands Capital’s VLCC and LNG Fleet Amid Global Demand...

Capital Maritime, led by Evangelos Marinakis, has exercised a newbuild option for a VLCC at Hanwha Ocean, bringing the company’s total VLCC investment...

Knutsen LNG France Expands Fleet with Delivery of LNG Carrier ‘Mraikh’...

Knutsen LNG France has taken delivery of the 174,000 cbm LNG carrier Mraikh from South Korea’s HD Hyundai. The vessel will officially join...

Greece Ranks Among Top 3 Global Shipping Nations with $183 Billion...

Global shipping demonstrates strong resilience in H2 2025, with shipping asset values staying high amid ongoing geopolitical and economic challenges. China maintains its...

BOC, PICC Launch Initiatives to Boost Shanghai’s Global Shipping Hub Goals

Bank of China (BOC) and PICC Group launched a comprehensive action plan on June 19 to strengthen Shanghai’s role as an international shipping...

New Wave of Chinese Ocean Freight Arrives at U.S. West Coast...

The Ports of Los Angeles and Long Beach are witnessing the largest influx of Chinese shipments since January 2025, as importers rush to...

Investigation Launched After Chemical Tanker Incident Injures Crew

An explosion occurred aboard a chemical tanker at Shannon Foynes Port in County Limerick, Ireland, on the evening of Tuesday, June 24, 2025, resulting...

Stena Line’s First NewMax Hybrid, Stena Futura, Successfully Completes Sea Trials

The Stena Futura, the first of Stena Line's new "NewMax" hybrid ferries, has successfully completed its sea trials in China. This marks a significant...

Fire Breaks Out on Cargo Ship in Netherlands; Crew Safe, Investigation...

On June 25, 2025, a fire broke out aboard an inland cargo vessel near the Beatrix Lock in Nieuwegein, Netherlands. Swift Response Emergency services swiftly responded...

Davie Expands US Footprint, Aims to Make Texas a Hub for...

During the recent NATO summit in The Hague, Donald Trump announced that the U.S. is intensifying its efforts to bolster its icebreaker fleet, with...