Hapag-Lloyd has ordered eight new container vessels from CIMC Raffles in China. Each ship will have a capacity of 4,500 TEU. Deliveries are scheduled for 2028 and 2029. Overall, the investment exceeds USD 500...

Spain has taken a major step toward cleaner shipping. Baleària, together with the ports of Valencia and Palma, has signed an agreement to create the country’s first green maritime corridor. The project focuses on...

LNG shipping endured one of its weakest full-year performances in 2025, with average rates falling to historic lows despite a sharp and unexpected rally late in the year. For most months, oversupply, muted Asian...

The EU has expanded sanctions targeting Russia’s oil transport network Focus is on high-risk tanker operations and cargo origin concealment Measures aim to cut maritime revenues supporting the war effort The European Union has...

Chennai and Kamarajar ports will join India’s new container shipping line as equity partners SCI and CONCOR will remain the main promoters of the project The move aims to strengthen India’s maritime self-reliance. India...

SSY has agreed to acquire Grieg Shipbrokers, effective January 2026 The deal strengthens SSY’s push to become a Top-3 global shipbroker Grieg Shipbrokers’ management team will continue under SSY ownership. SSY, the world’s largest...

Bauxite volumes are rising, and coal is gradually declining. Iron ore remains dominant at around 75%. Market changes are supporting Capesize earnings. Drewry’s AIS data shows that Capesize cargo volumes in 2019 and 2025...

Lloyd’s Register (LR), Carnival UK and Carnival Cruise Line have successfully completed Europe’s first major LNG dry-dock projects for large passenger vessels, marking a key milestone in the cruise sector’s transition toward lower-carbon propulsion...

A new report from the Poseidon Principles reveals that the global shipping finance sector is making measurable progress toward climate alignment with the International Maritime Organization’s (IMO) net-zero targets. Despite increasingly stringent emissions-reduction pathways,...

Risk specialist Ambrey has urged shipping companies to strengthen due diligence and reassess voyage planning following the US seizure of a sanctioned VLCC linked to Venezuela and Iran. The incident, which took place offshore...