TMC Compressors Secures Contract for COSCO-Built Shuttle Tankers
TMC Compressors will supply marine compressed air systems for three shuttle tankers built by COSCO Zhoushan for KNOT.
Each Suezmax DP2 tanker, with a 154,000 dwt capacity, will be fitted with control and...
TSUNEISHI SHIPBUILDING Completes Full Acquisition of Mitsui E&S Shipbuilding
TSUNEISHI SHIPBUILDING has acquired full ownership of Mitsui E&S Shipbuilding as of June 30, 2025.
The acquired company has been renamed TSUNEISHI SOLUTIONS TOKYOBAY Co., Ltd.
The move builds on a capital alliance...
Asia–Europe Shipping Rates Surpass U.S. Routes for the First Time in 2025
For the first time in 2025, shipping a 40ft container from Asia to North Europe has become costlier than to the U.S. West Coast.
Asia–Europe spot rates rose due to tighter capacity and...
ReCAAP ISC Issues Alert As Sea Robbery Surges In Singapore Strait
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP ISC) has sounded the alarm over a sharp rise in sea robbery incidents in the Singapore Strait (SS), urging...
Tanker Market Rates Weaken Across The Board Amid Seasonal Lull And Soft Sentiment
This week saw a widespread softening of tanker freight rates across most segments—from VLCCs to Handies—driven by calming geopolitical tensions, onset of the summer lull, and subdued demand. Notably, both clean and dirty tankers...
Dry Bulk Market Weekly Overview Capesize Stabilizes As Supramax Gains Ground
The dry bulk market showed a mixed performance this week, with Capesize rates stabilizing, Panamax activity staying mostly flat, and Ultramax/Supramax segments showing positive momentum. The Handysize market, however, remained largely quiet with soft...
Wallenius Wilhelmsen To Transform Port Of Gothenburg Into Nordic Logistics Hub
Wallenius Wilhelmsen is set to take over terminal operations at the Port of Gothenburg starting February 2026. With a 12-year contract in place, the company aims to collaborate closely with the port to build...
ITF Calls for Warlike Zone Status in Hormuz, Gulf of Oman, and Israeli Ports
The International Transport Workers' Federation (ITF) has urged the Joint Negotiating Group (JNG) to classify the Strait of Hormuz, Gulf of Oman, and Israeli ports as Warlike Operations Areas (WOAs) due to escalating military...
Stena RoRo Upgrades Stena Foreteller With Added Deck And Green Tech Enhancements
Stena RoRo has completed a major retrofit of the Stena Foreteller at the CMI Jinling shipyard in Weihai, China. The transformation includes a fourth vehicle deck and several sustainability upgrades, aligning with Stena Line’s...
Fleet Shifts and Rate Drops Shake Up Dry Bulk Shipping Outlook
The dry bulk shipping industry is navigating a challenging landscape in 2025, as revealed in Drewry’s latest Dry Bulk Shipping Financial Insight – July 2025. The sector faces mounting pressure from geopolitical tensions, global...