PGM Secures $621 Million in Long-Term Contracts to Operate Ready Reserve...
Pacific-Gulf Marine (PGM) has been awarded three 10-year contracts totaling $621 million to manage six ships for the U.S. Maritime Administration’s Ready Reserve...
HMM Withdraws Bid for SK Shipping Assets, Shifts Focus to Fleet...
South Korea’s HMM has exited talks to acquire SK Shipping’s tanker and bulker assets due to a valuation mismatch.
Hahn & Company, SK...
Silk Road Maritime Transport Expands with Over 128 Shipping Routes Since...
China’s Silk Road Maritime Transport initiative has opened 128 shipping routes since its inception in December 2018.
As of July 2025, over 20,000...
Shippers Adjust to “Tariff-Driven Whiplash,” as New Tariffs Fail to Cause...
In a new executive order, President Trump has set reciprocal tariffs of approximately 15% to 20% for most countries, which will apply to all...
Seaspan Advances Multi-Purpose Icebreaker Program, Preparing Production Drawings
Seaspan Shipyards is moving forward with the design and engineering of the Canadian Coast Guard's (CCG) new Multi-Purpose Icebreakers (MPIs). The company recently completed...
New VLGC “Luna Pathfinder” Aims for Greener Shipping with Dual-Fuel Engine
A naming ceremony was recently held for a new very large gas carrier (VLGC) built by Kawasaki Heavy Industries Ltd. This vessel is the...
Historic SS United States Prepared for New Life as Artificial Reef...
The historic ocean liner SS United States is being prepared for its new role as the world's largest artificial reef. On August 3, 2025,...
Cruise Ship Suffers Blackout Off Italian Coast, Prompting Emergency Response
A passenger cruise ship experienced a significant electrical failure this past Saturday, August 2nd, while sailing in the Ionian Sea, roughly 25 miles southeast...
Dry Bulk Market Enjoys Surprising Summer Revival Led by Capesize Strength
The dry bulk shipping market is currently experiencing a surprising and unexpected revival, with spot rates remaining high despite a general moderation in market...
ReCAAP ISC Reports No Piracy Or Robbery Incidents In Asia
In a positive development for maritime security, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP ISC) reported...