Hengli Lands $470m Offshore Contract in Major Industry Move

Chinese shipyard Hengli Heavy Industries continues to build momentum in the global shipbuilding and offshore construction market, with a recent project highlighting its growing...

Ningbo Freight Index Plunges as Global Demand Softens

The latest weekly update (12 September 2025) of the Ningbo Containerised Freight Index (NCFI) — as compiled by the Ningbo Shipping Exchange and published...

Ukraine Deals Major Blow to Russia’s Baltic Oil Lifeline

Ukraine has struck Russia’s largest oil terminal on the Baltic Sea, forcing the suspension of loadings at the Primorsk port for the first time...

Maersk Welcomes Third Methanol-Ready Vessel in ‘Hermes’ Series

A.P. Moller–Maersk added the container vessel Bangkok Mærsk to the Danish International Ship Register, marking the third ship in its methanol-ready Hermes series and...

LR Grants AiP for 174K LNG Carrier Featuring Wind Challenger Tech

Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for the design of a 174,000m³ LNG carrier equipped with...

EU Urged to Boost Competitiveness and Green Transition

Danish Shipping Backs EU Priorities but Calls for Action. Steffensen Warns Europe Risks Being Overtaken Without Concrete Measures. EU Competitiveness Needs Strengthening Internally...

IMO Advances Alternative Fuel Rules and Safety Measures for Shipping

Ammonia Cargo Approved for Use as Fuel on Gas Carriers. Revision of Alcohol Fuel Guidelines Delayed to 2027. Updated Work Plan for Alternative...

Global Refining Peaks While Tanker Markets Split on Regional Strength

European Refinery Closures Threaten Long-Term Supply. US Refineries Struggle Under Heat and Operational Issues. China Cuts Runs but Maintains Strong Export Flows. Last month,...

Russian Arctic LNG 2 Cargoes Push Prices Down but Winter to...

Winter ice to slow Arctic LNG 2 shipments. US warns of sanctions risk over Arctic LNG 2. Westbound La Perouse raises India questions. A...

UK Targets Shadow Fleet and Drone Makers in Sweeping Russian Sanctions

70 shadow tankers targeted in fresh clampdown. Price cap enforcement tightened with a new threshold. Shadow fleet reaches nearly 1,000 vessels. The UK rolled...