Demand from Arabian Gulf and Tight Supply Push VLCC Rates Higher

Very Large Crude Carrier (VLCC) spot rates began September at their strongest point since early June, primarily driven by strong demand for vessels in...

Samsung Heavy Industries Secures World’s First AiP For SMR-Powered LNG Carrier

Samsung Heavy Industries (SHI) announced on September 9 that it will receive the world’s first Approval in Principle (AiP) for a 174,000㎥ liquefied natural...

Carrier Alliance Reshuffle Reshapes Europe’s Container Port Power Balance

The 2025 reshuffling of carrier alliances has triggered a dramatic realignment in the Asia-Europe trade lane, concentrating market power in select European container hubs....

ReCAAP ISC Reports Zero Armed Robbery Incidents In Asian Waters

The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP ISC) has confirmed that no incidents of armed robbery...

Meyer Turku Marks Keel Laying Of Fourth Icon Class Cruise Ship...

Meyer Turku Shipyard celebrated a major milestone with the keel laying of the fourth ship in Royal Caribbean’s Icon Class. Known for now as...

COSCO Orders Energy-Efficient Marine Air System For Cadeler Offshore Vessel

COSCO Heavy Industries has placed an order for one of the marine market’s most environmentally friendly compressed air systems to equip a jack-up foundation...

HJ Shipbuilding & Constr Secures 640.8 Billion Contract To Strengthen Global...

HJ Shipbuilding & Constr has signed a landmark contract worth 640.8 billion won (approximately $500 million USD) with an undisclosed client on September 2,...

Full Steam Ahead: Closing the $1 Trillion Gap in Maritime Decarbonisation

A joint report from the Environmental Defense Fund (EDF) and Lloyd’s Register Maritime Decarbonisation Hub—known as The Decarb Hub—highlights an urgent financial gap threatening...

U.S. Tariffs Are Reshaping Global Supply Chains and Trade Flows

As the United States reinforces its tariff strategy, global trade patterns are shifting rapidly. Singapore’s trade leadership has raised concerns about evolving supply chain...

IUMI: Ocean Hull Sector reports Global Premiums of USD9.67bn

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Singapore, reports...