Italian Marine Industry Signals Steadier Momentum Heading Into 2026

According to a sector forecast presented at Confindustria Nautica’s annual members’ assembly in December, the Italian marine industry is entering 2026 with a more stable and cautiously positive outlook. The assessment draws on survey...

Venezuela Oil Loading Slows as Tanker Movements Shift After U.S. Interceptions

Oil loading activity in Venezuela has slowed noticeably, as several tankers have altered their movements following intensified enforcement actions by U.S. authorities. As a result, shipping activity has become more cautious, with many vessels...

Container Shipping Outlook: Supply and Demand Set to Balance in 2026

The container shipping sector is entering a period of adjustment after the exceptional disruptions seen since 2020. Recent analysis indicates that, while capacity growth will remain elevated in the near term, demand growth is...

Foreign Vessel Penalised for Unauthorised Satellite Internet Use in Chinese Waters

Chinese maritime authorities have imposed a penalty on a foreign-flagged vessel for illegally using satellite internet equipment while operating within China’s territorial waters. The case marks a significant enforcement step as authorities tighten control...

LNG Shipping Index Slips as Year-End Uncertainty Builds

LNG shipping index fell 1.44% to 160.04 points, breaking short-term support Spot LNG charter rates dropped below $100,000/day Most stocks remain range-bound despite broader weakness The UP World LNG Shipping Index ended the week...

NYK and JERA Sign Agreements for Low-Carbon Ammonia Transport

Two charter agreements signed for ammonia carriers Cargo to move from the U.S. to Japan for power generation Project marks a first commercial fuel-ammonia shipment to Japan NYK Bulkship (Asia) has signed two heads...

Hanwha Ocean Secures $1.75bn LNG Carrier Order

Seven LNG carriers ordered by a European shipowner Deal value stands at $1.75 billion Total orders this year now reach $9.83 billion. Hanwha Ocean has secured a new shipbuilding order worth 2.59 trillion won...

Missing Lifeboat From Cargo Ship Washes Ashore in Devon

The lifeboat reported missing on Wednesday washed ashore in Devon on Sunday morning Coastguard and lifeboat teams secured the vessel and removed the onboard equipment Authorities confirmed no people were involved in the...

Chinese Shipbuilders Ramp Up Capacity, Oversupply Risks Loom

Chinese yards are expanding capacity aggressively, adding 300,000-DWT class docks and smart shipyards China’s global ship order share rose to 69.8% last year, while Korea operates just 12 shipyards Industry warns that oversupply...

New Maritime Link Ties Arctic Oil Trade to Venezuela

A sanctioned oil tanker has, for the first time, established a direct maritime connection between Russia’s Arctic oil export operations and Venezuela’s petroleum infrastructure, marking a significant development in global energy trade amid ongoing...