LATEST ARTICLES

Lessons Learned: Generator Error Causes Gas Tanker To Lose Propulsion

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A gas tanker had just left its berth at the Port of Brisbane when it lost propulsion for two minutes as two of its three electrical generators were not properly configured, a final report...
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SHS: Seafarer Wellbeing Should Be A Priority for Sustainable Shipping

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Seafarer wellbeing needs to be a strategic priority for the shipping industry if it is to reach its sustainability goals, according to a new report from the Seafarers Hospital Society (SHS), reports Safety4sea. Systemic action...
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Genco Shipping to Acquire Newcastlemax Vessel Duo for $145.5M

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Genco Shipping & Trading, the largest U.S. headquartered dry bulk shipowner focused on the global transportation of commodities, has agreed to acquire two 2020-built 208,000 dwt scrubber fitted Newcastlemax vessels for a total purchase...
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USCG: Regular Inspections Stop Potential Failures in Firefighting Systems

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The U.S. Coast Guard has issued a safety alert highlighting a critical failure discovered in a Halon 1301 fixed fire extinguishing system aboard an inspected towing vessel operating on the Upper Mississippi River. The incident  After...
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Global Shipbuilding Boom: Market Poised to Hit $228 Billion by 2032

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Global Shipbuilding Market size was valued at USD 162.14 Billion in 2024 and is projected to reach nearly USD 228.82 Billion by 2032, growing at a CAGR of 4.4% during the forecast period, reports...
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Greece’s Piraeus Port Not for Sale, China Tells US

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China's controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for ​sale, the Chinese embassy in Greece said, denouncing comments by newly appointed U.‌S. ambassador to Greece...
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Icebreaker Pact Strengthened by Trilateral Cooperation

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The Public Services and Procurement Canada announced that on 18 November 2025, Canada, Finland, and the United States signed a Joint Statement of Intent (JSOI) to advance their Icebreaker Collaboration Effort (ICE Pact). What the...
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Major Expansion Planned to Boost Capacity at Peru’s Key Pacific Gateway

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Two-year project to lift capacity to 24,000 containers. New direct routes from China and South Korea cut transit to 23 days. Strong demand driven by Asian e-commerce shipments. A major global terminal operator is...
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Port & Shipping Equities Show Mixed Momentum as Market Divergence Widens

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Drewry Maritime Financial Research reports that global port and shipping equities closed the week of 14 November 2025 with a mix of gains and pullbacks across segments, reflecting shifting trade flows, freight dynamics, and...
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Major Newbuild Deal Boosts Korean Yard’s 2025 Orderbook

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Korean builder wins $1.3bn order for seven boxships. Deliveries to run through late 2029. Annual order tally reaches $6.9bn with 39 vessels booked. A prominent shipbuilder from Korea has just inked a massive contract...
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