Dry Bulk Market Update Capesize Stable, Panamax Softens, Supramax Mixed As Baltic Index Climbs
The dry bulk market showed a mixed picture this week, with Capesize activity holding firm, Panamax rates facing downward pressure, and Supramax performance diverging between the Atlantic and Asia.
The Baltic Dry Index (BDI) rose...
Tanker Market Summer Slump Deepens Across Segments As Rates Remain Soft
The crude tanker market continues to face pressure this week, especially across the VLCC segment, as the summer doldrums weigh on demand. While certain regional trades, like USG exports, have shown marginal resilience, the...
Ballard Power Systems To Deliver 6.4 MW Fuel Cell Engines For Zero-Emission
Ballard Power Systems has secured a major marine contract to supply 32 FCwave™-200 kW fuel cell engines—amounting to 6.4 MW—to eCap Marine GmbH for integration into two zero-emission vessels operated by Samskip, one of...
ClassNK Publishes Technical Journal No. 11 on Marine‑Environment Protection
ClassNK has published the 11th issue of its 2025 Technical Journal, with the special theme: “Latest Technological Trends for Protection of the Marine Environment.” Featuring key research from the ClassNK R&D Forum 2025, which...
South Korea vs. China The Battle For Container Shipbuilding Dominance
The global container shipping industry is witnessing a dramatic shift in shipbuilding leadership. While South Korea has long held dominance in building high-capacity vessels, China is rapidly overtaking in terms of new orders.
According to...
EPS Boosts Green Fleet with Chinese-Built LNG Suezmaxes
Singapore-based shipowner Eastern Pacific Shipping (EPS) has ordered up to four LNG-powered Suezmax tankers at Hengli Heavy Industry in China, reports Offshore Energy.
EPS Books Next-Gen Suezmaxes
The order comprises two firm and two optional 158,000...
MOL, Tsuneishi Join Forces on Rocket Vessel Project
Mitsui O.S.K. Lines (MOL) is advancing into the space sector with a focus on offshore rocket launch and recovery. As a first step towards commercialisation by around 2030, MOL plans to develop a dedicated...
“K” Line’s Ship Management Arm Honored for Seafaring Excellence
On July 22, 2025, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) proudly announced that its ship management subsidiary, K Marine Ship Management Pte. Ltd. (KMSM), has been recognized with a prestigious safety award by the Maritime...
US-Japan Strike Landmark Trade Pact, Revving Up Global Markets
In a significant move that reshapes U.S.-Japan economic relations, President Trump has announced a sweeping trade deal with Japan, according to the Daily Sabah.
Major Trade Breakthrough
The agreement reduces proposed tariffs on Japanese automobile imports...
Shipping Giants Unite to Transform ARA Bunkering Industry
In a groundbreaking development for the global marine fuels industry, leading shipping and bunkering companies have come together to launch the Bunkering Services Initiative, a focused effort to address the widely reported issues of...