BIMCO Forecasts Tanker Freight Rate Recovery in H2 2025
BIMCO’s Tanker Shipping Market Overview & Outlook (August 2025) projects a potential recovery in freight rates in the second half of 2025.
The crude tanker market is expected to remain balanced in 2025–2026,...
Samsung Heavy Industries Delivers Minerva LNG Carrier
Samsung Heavy Industries has launched the 174,000-cbm LNG carrier Minerva Roxanne, built for Greek shipping company Minerva Gas.
The vessel, along with its sister ship Minerva Eleonora, is expected to serve under long-term...
Panamax Leads Dry Bulk Gains
Overall dry bulk rates climbed last week, with all but capesize rates ending up week-on-week. Panamax rates rose by the largest amount. While capesize rates ended the week down by 15%, noteworthy is that...
Asia-US September Container Rate Hikes Pressured by Weak Demand
Ocean carriers have announced rate increases for shipping containers on the Asia-US trade lane, but industry analysts expect rates to continue facing downward pressure amid soft demand and the lack of a peak season.
Lars...
Piracy and Armed Robbery Surge in the Straits of Malacca and Singapore
Incidents of piracy and armed robbery in the straits of Malacca and Singapore have nearly quadrupled in the strategic waterways this year, according to a new report from an anti-piracy monitoring group.
In the first...
Arctic Mulan’s Arrival in China Marks a Breakthrough for Russia’s Arctic Gas Exports
A sanctioned Russian gas carrier has docked at a Chinese import terminal for the first time, marking a significant development for Russia’s beleaguered Arctic LNG 2 project. The vessel, named Arctic Mulan, arrived at...
Knutsen Adds Wadi Al Sail to Growing Fleet, Strengthening Partnership with QatarEnergy
The Knutsen Group has added the Wadi Al Sail to its fleet, a new 174,000 cubic meter LNG carrier. This vessel is the third of ten that the company has chartered to QatarEnergy, a...
Grimaldi Launches New Era of Sustainable Transport with “Ammonia Ready” Vessel
The Grimaldi Group has recently taken delivery of the Grande Shanghai, the first of ten new-generation Pure Car & Truck Carriers (PCTC) ordered from China Merchants Heavy Industries. This vessel is the second "Ammonia...
As EV Transport Surges, Report Warns of Insufficient Safety Protocols for Ship Fires
A recent report, "Fires at Sea, A New Landscape – Risk Mitigation Strategies for Safe Transport", highlights the growing risk of fires on cargo ships, particularly those caused by lithium batteries and other temperature-sensitive...
Hudong-Zhonghua Shipbuilding Adopts Ascenz Marorka’s Sloshield for New LNG Fleet
Ascenz Marorka, a GTT Group company, has signed a contract with Hudong-Zhonghua Shipbuilding to equip 24 LNG carriers with its Sloshield™ system. This advanced solution is designed to detect and reduce the risks associated...