T.S. Lines Ups the Ante with $125.6M Vessel Deal Revision
T.S. Lines Limited announced it has entered into amended shipbuilding contracts with Huangpu Wenchong Shipbuilding Company Limited and China Shipbuilding Trading Co., Ltd., for the construction of two new container vessels, reports Port News.
T.S....
IMO 2025 Theme Our Ocean Our Obligation Our Opportunity
IMO enforces a global framework for safer, cleaner seas.
The theme aligns with UN agreements and ocean initiatives.
Celebrations set for London and UAE events.
The Secretary-General of the IMO, Arsenio Dominguez, recently kicked...
30 Gulf Lease Sales and 6 in Alaska Set Under Trump Energy Plan
30 lease sales planned in the Gulf of America, covering 14–15% of U.S. crude output.
The Gulf lease program aims to support jobs and deepwater investment.
Six lease sales are scheduled in Alaska’s...
Clean Arctic Alliance Response to China’s New Containership Route Through Arctic
Black carbon emissions pose a heightened climate threat in Arctic waters.
Increased shipping risks, disturbance to wildlife, and coastal communities.
Fragile Arctic ecosystem faces a higher risk of oil spills.
China’s Haijie Shipping Company...
Dry Bulker Newbuilding Orders Collapse in 2025 After Record Highs
Ordering slump follows record peak of 63.9m Dwt in 2024.
Newbuilding prices remain high despite weakening demand.
Capesize leads with 57% of total orders, Supramax at 31%.
In the first seven months of 2025,...
Atlantic Basin Strength Pressures Crude Prices in August
OPEC+ supply fears ease as Pacific Basin exports remain weak.
South America leads gains with exports 9% above seasonal highs.
Middle East Gulf shipments fall 860kbd m-o-m, below seasonal average.
During the first half...
Lessons Learned: Cargo Damage During Loading and Voyage
A recent incident reported by the Swedish Club involved cargo damage during the loading and transport of steel products. Weather conditions and procedural challenges during cargo handling contributed to the damage.
What Happened
A vessel was...
SC Ports Completes $580 Million Harbor Deepening with Final Funding
SC Ports received the final $21.28 million federal reimbursement, completing the $580 million harbor deepening project.
Leaders credited strong federal, state, and local collaboration, with Senator Graham playing a key role in securing...
First Half 2025 Review of Global Shipping Segments
Capesize bulkers gained 7.7% in value, while most other bulker segments saw declines amid reduced newbuilding and S&P activity.
Tanker values eased overall, though MR2s maintained strong demand and steady charter rates.
LPG...
China to Rival SpaceX with First Reusable Rocket Recovery Drone Ship
China has introduced its first rocket recovery drone ship, Xingji Guihang, marking a major step toward reusable launch technology.
Developed by Beijing-based iSpace, the vessel will support multiple Chinese rocket providers, not just...