HD Hyundai Subsidiary Buys Vietnamese Firm to Bolster Green Ship Manufacturing
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a subsidiary of the Korean conglomerate HD Hyundai, has acquired Doosan Vina, a Vietnamese company owned by Doosan Enerbility, for 290 billion won ($207 million). The...
Seaspan’s Fleet Expansion Continues with New 9,000 TEU Vessels from China
Seaspan Corporation, a leading container ship lessor, has confirmed a new order for twelve 9,000 TEU container ships from China's Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation (CSSC). Valued at over $1.2...
Port of New Orleans Sees 2% Container Volume Increase, Driven by Import Growth
The Port of New Orleans (Port NOLA) has announced continued growth in cargo volumes and trade activity for the first half of 2025. This growth is driven by a rise in container imports and...
Deep-Sea ConRo Ships: Only Grimaldi Sticks with the Concept
Since 2023, only six new deep-sea Container-RoRo (ConRo) vessels have been delivered globally, and all of them were built for the Italian Grimaldi Group. This makes Grimaldi the sole major company to continue investing...
Investigation Underway After Towboat Strikes Guillermo Gaviria Bridge in Colombia
A towboat crashed into the Guillermo Gaviria Bridge in Barrancabermeja, Colombia, on Sunday morning. The vessel struck one of the bridge's piers while navigating the Magdalena River at approximately 6:15 a.m. The river's waters...
Capesize Supply Abundant, Panamax and Supramax Hold Steady
The global dry bulk shipping market is currently experiencing mixed trends across different vessel classes. While some segments are showing strength due to specific trade routes and cargo demand, others are facing pressure from...
VLCC Market Remains Resilient as Suezmax and Aframax See Shifting Dynamics
The crude oil tanker market has shown varied performance across different vessel classes, with VLCC rates remaining resilient, while Suezmax and Aframax segments are experiencing their own distinct dynamics. Overall, increased oil output and...
Why Covid Is Spreading Again This Summer
Covid-19 cases are climbing again this summer, with the Centers for Disease Control and Prevention's (CDC) forecasting model indicating that infections are growing in most states. Although national wastewater data shows low virus levels,...
Collaboration at Port of Southampton Aims to Set New Standard for Marine Decarbonization
Seabound, a leader in marine carbon capture based in the UK, has been awarded £1.1 million from the UK government's Clean Maritime Demonstration Competition (CMDC6). This funding will support a groundbreaking project at the...
Global Container Shipping Rates Decline Amid Market Weakness
The global container shipping market is facing renewed pressure as spot rates continue to decline on major trade lanes. According to the Japan International Freight Forwarders Association (JIFFA), Korea Ocean Business Corp.
(KOBC) reported that...