VLCC Sector Hits Highest Levels Since 2020 Floating Storage Spike

VLCC benchmark rates nearly doubled in September, marking the strongest surge since the 2020 floating-storage spike. Improved tonne-mile demand from the Middle East...

Alang Ship-Breaking Yard Rises with Market Recovery and Sustainable Practices

Alang ship-breaking yard in Gujarat recorded a 13% rise in ship arrivals in the first five months of FY 2025–26, signaling a modest...

Tsuneishi Promotes Sustainable Shipping with Cebu-Built Kamsarmax

Tsuneishi Heavy Industries (Cebu) has delivered a Kamsarmax bulk carrier from its West Cebu Estate shipyard. The vessel features a deadweight of around...

MASGA Initiative Supports U.S. Shipbuilding With Korean Partnership

The U.S. government is advancing the MASGA initiative to strengthen domestic shipbuilding through workforce training. A Korea-U.S. Shipbuilding and Marine Industry Technology Cooperation...

India’s Bid to Become a Top 10 Shipbuilding Nation by 2030

India's shipbuilding industry is at a crossroads, aiming to increase its global market share from less than 1% to become a genuine competitor to...

Royal T Shipyards Delivers New Diesel-Electric Dry Cargo Vessel

Royal T Shipyards has delivered the MV SUEVE, a new dry cargo vessel with a diesel-electric propulsion system, to Spanish shipowner Navinorte/G. Junquera Marítima....

VLCC Rate Surge Masks Underlying Weakness in Oil Demand

VLCC spot rates have seen a significant and sustained rally since early September, defying historical seasonal trends. The primary driver of this rally is...

OOCL Recognized for Excellence in Ship Management and Cadet Training

At the "2025 Joint Luncheon cum Award Presentation Ceremony" on August 29, 2025, Orient Overseas Container Line Ltd. (OOCL) was honored with three awards...

[Podcast] The TopTier Project Seeks Solutions to Container Loss at Sea

A podcast episode from September 9, 2025, discusses the TopTier joint industry project, which is investigating the causes of container loss at sea. The...

How a Ship’s Security Plan and Crew Training Combat Threats at...

Ensuring the security of a ship and its crew is a critical responsibility in the modern maritime industry, which faces a variety of threats...