Hanwha Partners With U.S. Startup Vatn Systems To Develop Autonomous Underwater Drones
South Korean conglomerate Hanwha Group has joined forces with U.S.-based defense startup Vatn Systems to develop advanced autonomous underwater drones for the U.S. Navy. The collaboration marks a significant step in strengthening bilateral defense...
Weekly Tanker Market Outlook — Week 49
VLCC
According to Fearnlets, The VLCC market held steady through Week 49, with MEG–East trades still sitting in the low W120s. Rates today look almost identical to last Wednesday. Owners tried to lift sentiment by...
Intermodal: Shifting Soybean Trade Reshapes Dry Bulk Patterns
According to Safety4Sea, global soybean flows are changing and reshaping dry bulk activity. Soybeans continue to drive Kamsarmax demand on the Brazil–China and US–China routes. Yet trade tensions, strong South American harvests and high...
Lords Committee Criticises Delays in Implementing Marine Accident Recommendations
The House of Lords Secondary Legislation Scrutiny Committee has raised concerns about long-standing delays in acting on safety recommendations linked to marine accidents. Its 44th report for Session 24–26 examines the Merchant Shipping (Vessels...
Global Shipping Outlook Signals a Tougher 2026, Says Fitch Ratings
A new sector outlook highlights a challenging year ahead for global shipping in 2026. Geopolitical tensions, shifting policy landscapes, and softer GDP growth across major economies are shaping a more fragile operating environment. Financial...
Panama Canal LNG Transits Dip as European Demand Draws U.S. Cargoes
LNG tanker traffic through the Panama Canal declined in November, reflecting a shift in U.S. LNG exports toward European markets, reports Platts.
Only three laden LNG carriers transited the canal during the month, down from...
India Revamps Shipbuilding Aid Scheme to Boost Domestic Orders
India is moving to ease regulations under its revamped Shipbuilding Financial Assistance Scheme (SBFAS), aiming to convert a recently approved multi-billion-rupee maritime package into concrete orders for domestic shipyards, reports Port News.
The scheme is...
Middle East Bunker Market Shows Mixed Momentum in November
Fujairah bunker demand dips in Nov.
Oman marine gasoil supply up slightly.
Iraq’s southern ports maintain robust bunker activity.
Bunker fuel availability in Fujairah was firm across all grades in November, according to traders...
NYK Unveils Next-Gen Car Carrier with Full Marine DX Suite
NYK has ordered a next-generation pure car carrier from Shinkai Toyohashi Shipbuilding in Japan, equipped with an AI-enabled autonomous navigation suite and an expanded Marine DX package, reports Port News.
The 199.95-meter vessel, 38 meters...
CMA CGM’s ‘She Sails’ Initiative Doubles Women at Sea in Just One Year
Maritime freight and logistics provider CMA CGM says it has doubled the number of female seafarers working on its vessels, one year after launching a recruitment program for women called “She Sails,” reports gCaptain.
The...