Global Ship Lease Acquires Three 8,600 TEU Containerships In $90 Million Fleet Expansion
Global Ship Lease (GSL), a major containership owner and lessor listed on the NYSE, has announced the acquisition of three Korean-built 8,600 TEU containerships for a total of $90 million. The vessels come with...
Maersk Appoints Thomas Theeuwes As New Managing Director For India, Bangladesh & Sri Lanka
Maersk has announced the appointment of Thomas Theeuwes as the new Managing Director for its India, Bangladesh & Sri Lanka operations, effective January 1, 2026. He will succeed Christopher Cook, who will move into...
Putin Warns Of Possible Retaliation Against Ships Aiding Ukraine Amid Rising Attacks On Russian...
Russian President Vladimir Putin has issued a strong warning in response to a sharp rise in attacks on Russian commercial vessels, particularly tankers. Speaking to local media, he accused Ukraine of engaging in “piracy”...
EPS Returns to VLCC Market with Massive 12-Ship Order Worth Up to $1.6 Billion
Eastern Pacific Shipping (EPS) has launched one of the year’s largest newbuilding programmes at China’s Hengli Shipbuilding, signing contracts for 12 vessels in a deal estimated at $1.1bn–$1.6bn. The multi-segment order marks a significant...
Norsepower and Idemitsu Launch World’s First VLCCs Equipped with Rotor Sails
Norsepower, the leading provider of mechanical sails for large vessels, and Idemitsu Tanker Co., Ltd., the shipping arm of Idemitsu Kosan, have announced their agreement to equip two Very Large Crude Carriers (VLCCs) with...
Maritime Security Risks Shift Across Red Sea, Indian Ocean and Black Sea
MISTO Revision Reflects Red Sea and Gulf of Aden Escalation.
Shipping Coalition Flags Renewed Piracy and Houthis Risks.
Updated MISTO Highlights Shifting Security Landscape.
The Maritime Industry Security Threat Overview (MISTO) has received an...
DNV Flags Methanol’s Growing Readiness and Key Barriers
Global production, storage and bunkering infrastructure is expanding.
China leads low-GHG methanol capacity growth with 43% share.
Environmental benefits are strong, but costs and availability constrain adoption.
DNV has just released a new white...
Black Sea Shipping Costs Rise After Drone Attacks on Sanctioned Tankers
Rates increase for both Ukrainian and Russian Black Sea port calls.
Underwriters reassess intent, capability and strike ranges.
Turkey warns parties after first attacks on non-military vessels in international waters.
The cost of moving...
ABS Q3 2025 PSC Trends Show Low Detention Share Globally
Machinery and fire-safety issues dominate detention causes.
Bulk, oil, container, and gas carriers see the most interventions.
Paris and Tokyo MoU inspections increase year over year.
ABS has just released its Q3 2025 PSC...
Port of Newcastle Reopens After Climate Protesters Block Shipping Channel
One of Australia’s biggest coal export ports resumed operations on Monday, the port operator said, after climate-change protesters disrupted shipping at the Port of Newcastle for a second day on Sunday, reports gCaptain.
Port of...