Drydocks World Wins EPC Contract for World’s Largest FLNG Facility Off Mexico
Drydocks World, a DP World company, has been awarded an EPC contract by AMIGO LNG for the world’s largest FLNG facility.
The project includes converting two LNG carriers into FSUs and building two...
Global Tanker Market Adapts to Shifting Trade and Energy Demand
Tanker market patterns are shifting due to new refining hubs, regulatory changes, and evolving energy demand.
Crude oil flows remain strong, with Asia driving demand and the U.S. and Middle East playing key...
Container Shipping Financial Insight: Fleet Growth Slows as Rates Diverge Across Trades
Major carriers reported mixed 2Q25 results, with Maersk, Hapag-Lloyd, and RCL showing revenue gains while others, including OOIL and Yang Ming Marine, saw declines.
Rising costs and weaker freight rates pressured earnings despite...
Global Idle Fleet Stays Low Despite Rate Decline, Alphaliner Reports
Idle fleet remains at just 0.5% of the global 32.5 MTEU liner capacity.
Increase of only 28,000 TEU in idle vessels, largely due to operational or geopolitical factors.
About 20,000 TEU sidelined by...
New Russian Port Rules Disrupt Grain Exports
New Russian restrictions on foreign vessels, particularly at the port of Kavkaz, have sharply disrupted grain exports, with August shipments plunging to 350,000 tonnes compared to 1.49 million tonnes a year earlier.
Under...
GMF Issues Guidelines for Fair Appraisals and Equal Opportunities at Sea
Seven Criteria Framework for Tasks, Training, and Appraisals.
Role Definition by Rank to Ensure Clarity Onboard.
Tailored Training Programs to Support Career Growth.
The Global Maritime Forum’s (GMF) All Aboard Alliance has emphasised the...
HD KSOE Secures Doosan Vina Acquisition for ₩290 Billion
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), part of HD Hyundai, has signed a ₩290 billion ($207 million) deal to acquire Doosan Enerbility’s Vietnamese subsidiary Doosan Vina.
Doosan Enerbility will reinvest the...
Container Freight Rates Slide While Chemical Tanker Market Holds Steady
Container shipping rates from East Asia and China to the U.S. continue to decline, with West Coast rates nearing pre-Red Sea crisis levels, reflecting weak peak season demand and ample capacity.
The Shanghai...
Hafnia Seeks China-Free Assurance as US Port Fees Rise
US Fees on China-Linked Ships to Exceed $8.5 Million by April 2026.
Non-Chinese Owners of China-Built Ships Granted Exemptions at US Ports.
Hafnia and Charterers Avoid Chinese-Owned Tonnage for US Trade.
Hafnia, the largest...
US Targets Greek Shipbroker, Firms, and Tankers Over Iran Trade
The U.S. has imposed sanctions on Greek shipbroker Antonios Margaritis, his companies, and nearly a dozen vessels linked to Iranian oil exports, intensifying pressure on Tehran following the June Israel-Iran conflict.
Iran maintains...