Global Shipbuilding Sees Sharp Reversal In 2025 As Newbuilding Orders Collapse
After a strong surge in 2024, global shipbuilding activity has dramatically reversed course in 2025. According to Xclusiv Shipbrokers, the number of new dry bulk and tanker ship contracts has plummeted across all major...
Armed Robbery Incident In Chittagong And Ongoing Maritime Vigilance
Recently, an armed robbery incident occurred onboard an LPG tanker anchored at Chittagong ‘C’ Anchorage, Bangladesh. Fortunately, no crew members were harmed and no items were stolen.
The Bangladesh Coast Guard responded swiftly, apprehended the...
Low Utilization Of Excellent Shipper Certification System Raises Industry Concerns
The excellent shipper certification system, launched in 2020 to support domestic shipping companies, is showing disappointing results. Industry experts are now calling for policy reforms to improve its effectiveness and encourage greater participation.
Decline in...
SIPG Energy And Argus Partner To Advance Green Fuels At Shanghai Port
SIPG Energy and Argus signed an MoU on 18 July in Shanghai to collaborate on green fuels development and market intelligence. The partnership aims to strengthen the green marine fuel industry and enhance Shanghai...
ALAM Launches Advanced Simulator Hub To Train Future Maritime Leaders
Akademi Laut Malaysia (ALAM), part of the MISC Group, has inaugurated its Maritime Experiential Learning Centre — a high-tech simulator training facility designed to enhance maritime education and prepare seafarers for real-world challenges.
A Major...
Grimaldi Group Unveils ‘Grande Shanghai’ A Next-Gen Green Car Carrier
The Grimaldi Group has officially named its newest vessel, the Grande Shanghai, at a ceremony held in Jiangsu, China.
This marks the launch of the first of 10 state-of-the-art pure car and truck carriers (PCTCs)...
New BIMCO Clause Addresses USTR Actions
The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling...
UK Hits 135 ‘Shadow Fleet’ Tankers in Major Sanctions Sweep
On 21 July, the UK announced 137 new sanctions to ramp up pressure on Russia’s oil industry and target shadow fleet operations, according to Reuters.
UK Blacklists 135 Russian Tankers
According to the UK Government, the...
Putin Orders FSB Gatekeeping for All Foreign Vessel Arrivals
Foreign vessels will require the approval of Russia's FSB security service to access the country's ports, according to a decree signed by President Vladimir Putin, reports Reuters.
Russian Ports Now Under Watch
The decree said that...
Hanwha Philly Secures Landmark LNG Carrier Construction Deal
Hanwha Philly Shipyard has secured a 348 billion won ($250 million) order to build a liquified natural gas (LNG) carrier for Hanwha Shipping LLC, marking the first order by a US shipyard for an...