Navios Partners Posts 274 Million Dollar First-Half Net Income
Navios Maritime Partners reported net income of $274.3m for the first half of 2026 as its multi-segment fleet absorbed disruption in the Strait of Hormuz and Red Sea.
Viking Holds $4 Billion in Cash and Sets a Four-Part Test for Acquisitions
Viking closed the second quarter with $4 billion in cash and an undrawn $1 billion revolver, and says any acquisition must beat the returns its own newbuildings generate.
Maersk Drops Its Fleet Cap as Capacity Passes 4.7m TEU
Maersk has abandoned the 4.0 to 4.4 million teu ceiling that defined its strategy for the decade, with its operated fleet already past 4.7 million teu and CMA CGM closing the gap.
MSC Reaches 500 Secondhand Boxship Purchases Since 2020
MSC has bought its 500th secondhand containership since August 2020, taking its operated fleet from about 3.8m teu to close to 7.4m teu and more than 21 percent of global capacity.
Shipping Corporation Of India Tenders For Two LNG Dual-Fuel Boxships With Options
The Shipping Corporation of India has issued its largest newbuilding tender, seeking two LNG dual-fuel container ships of around 8,000 boxes with options for four more.
Hengli Says It Has Booked 253 Newbuildings In Seven Months
Chinese shipbuilder Hengli Heavy Industry says it has contracted 253 newbuildings in seven months and plans to add 100,000 industrial workers, doubling its headcount.
Ciner takes its ammonia carrier investment past $1bn
Turkish conglomerate Ciner has ordered three more very large ammonia carriers in South Korea, taking its investment in the segment past $1bn.
Dynacom's VLCC Order Book At Hengli Reaches Twenty Ships
George Procopiou's Dynacom Tankers has ordered four more very large crude carriers at Hengli Heavy Industry, taking the Greek owner's programme at the Chinese yard to twenty vessels.
Shipbuilding Veteran Named As Scorpio Tankers' VLCC Partner
Scorpio Tankers is understood to be partnering with Chinese shipbuilding veteran Ren Yuanlin on eight scrubber-fitted VLCCs under construction in China, taking a minority stake of less than 15 percent.
COSCO Approves Fifteen Newcastlemax Bulkers Worth 7.9 Billion Yuan
COSCO Shipping Development has approved an order for fifteen Newcastlemax bulk carriers of 210,000 tonnes capacity each, to be built at two Chinese shipyards for a total contract value of 7.92 billion yuan, around 1.1 billion dollars.
Stealth Maritime Lifts Korean Newbuilding Programme To Around 1.3 Billion Dollars
Greek owner Stealth Maritime, part of the Harry Vafias group, has returned to South Korea with a fresh order that takes its total investment in newbuilding projects to approximately 1.3 billion dollars.
HMM Halts Container Ship Orders To Pivot Into Energy Shipping
HMM has halted plans for at least ten new 13,000 teu container ships and is redirecting investment into tankers, LNG carriers and very large gas carriers, stepping out of the boxship ordering wave.
CK Line orders up to four 6,400 teu boxships in China
South Korea's CK Line has returned to Huangpu Wenchong Shipbuilding in Guangzhou with an order for up to four container ships, extending a relationship that began with a pair of feeder vessels delivered last year.
Product tanker deliveries set for a sixteen-year high
New deliveries of product tankers are forecast to reach 12m dwt in 2025, an increase of 256% from 3.4m dwt in 2024.
HD Hyundai Samho delivers first very large ammonia carrier
The 93,000 cu m Jane Maersk is the first of five VLACs for Maersk, from a builder now holding 22 on order worth about $2.55bn.
COSCO approves fifteen newcastlemax bulkers
COSCO Shipping Development has approved orders for 15 newcastlemax bulk carriers worth about $1.1bn, all leased within the group for 20 years.
GTT expects 550 more LNG carriers to be ordered by 2035
GTT expects around 550 LNG carriers to be ordered by 2035, on top of an orderbook already equal to almost two fifths of the trading fleet.
Chinese shipyards smash annual newbuilding order record in just six months
Chinese shipyards booked more new tonnage in the first half of 2026 than in any previous full year, according to official data, tightening the country's grip on the global newbuilding market.
Turkey launches its first LNG-fuelled and largest-ever domestically built containership
Turkish carrier Turkon Line has put the country's first domestically built LNG-fuelled containership into service, marking a major expansion of its fleet capacity.
Titan Wind Energy enters China's tanker-building ranks
Chinese renewables firm Titan Wind Energy has secured its first order for conventional crude tankers.
Essberger orders two more chemical tankers in China
German owner Essberger has exercised an option for two more chemical tankers in China, taking its orderbook to eight.
IHC delivers a 31,000m³ mega-dredger to Boskalis
A next-generation 31,000m³ trailing suction hopper dredger has been handed over to Boskalis after sea trials.
Container-ship orderbook hits a record high as overcapacity fears loom
The global container-ship orderbook has passed 13.7m TEU, over 40% of the fleet, even as analysts warn of overcapacity.
Boluda orders two new tugs from Damen
A major European towage group has signed with a Dutch shipbuilder for two new harbour tugs.
COSCO orders eight heavy-lift newbuildings at Chengxi
A Chinese shipping group has ordered eight multipurpose heavy-lift ships worth up to about $388m.
China Merchants lines up a $728m order for six giant ore carriers
A major Chinese owner has lined up six very large ore carriers in a deal worth up to about $728m.
Yang Ming orders up to $1.2bn of dual-fuel boxships at Hanwha Ocean
Yang Ming has selected a South Korean shipbuilder for six LNG dual-fuel container ships worth up to about $1.2bn.
Asia's largest hopper dredger enters service in China
A new Chinese dredger described as the largest of its type in Asia has entered service, built for offshore projects and port construction.
CYH Shipping returns to Jiangnan for very large gas carriers
CYH Shipping has ordered very large gas carriers at Jiangnan Shipyard, adding dual-fuel tonnage to a fast-growing gas carrier orderbook.
Indian yard expands Kattupalli to chase commercial newbuildings
Indian engineering group Larsen and Toubro is expanding its Kattupalli shipyard in Tamil Nadu to take on more commercial newbuilding work.
Damen to build two ASD tugs for Seaspan's Canadian operation
Damen Shipyards has signed a contract with Seaspan for two ASD Tugs 2813, the first Damen tugs to enter the Canadian owner's fleet.
VLCC ordering smashes records in an 'astonishing' first half
Analysts report that very large crude carrier ordering hit a record in the first half of 2026, with the orderbook-to-fleet ratio climbing to around 35%.
Erasmus adds to boxship orderbook with fresh China feeder deal
Athens-based Erasmus Shipinvest has ordered two firm feeder containerships in China, with options for two more, building on its growing box fleet.
COSCO orders four newcastlemax bulkers at Qingdao Beihai
COSCO Shipping Bulk has ordered four newcastlemax bulk carriers at a Chinese shipyard, with a leasing house and trading arm involved in the deal.
Cool Carriers takes delivery of second Snow-class reefer
Cool Carriers has taken delivery of Snow Flake, the second in its new generation of specialised reefer vessels, from a Japanese shipyard.
ADNOC shipping arm orders four more LNG carriers in China
ADNOC Logistics and Services has ordered four next-generation LNG carriers worth about $900m, extending one of the sector's largest newbuilding programmes.
JP Morgan named as owner behind Hanwha VLCC pair
A pair of very large crude carriers ordered at Hanwha Ocean has been linked to JP Morgan's maritime investment platform, extending the bank's growing tanker programme.
Minerva steps up in containers with four boxship order in China
Greek owner Minerva Dry has ordered four mid-sized containerships in China, a step up in size that pushes its investment in the sector towards $1bn.
KC Maritime returns to China for ultramax pair
Hong Kong bulker owner KC Maritime has ordered a pair of ultramax bulk carriers in China, its first newbuilding move in some years.
Berg Propulsion lands propulsion package for six-ship series in China
Berg Propulsion has won the contract to equip a series of multipurpose vessels being built in China for a European owner.
Andriaki breaks its newbuilding silence with an LR1 pair
Greek tanker owner Andriaki Shipping has been linked to two LR1 tanker newbuildings in China, its first such order in roughly a decade.
China Merchants Energy lines up 10 newbuildings across three segments
China Merchants Energy Shipping has laid out plans for 10 newbuildings across tankers, containerships and dry bulk as it continues a broad fleet renewal.
Bruton to split 12-ship VLCC programme into two listed vehicles
Tor Olav Trøim-backed Bruton is dividing its 12-VLCC programme into two listed companies, keeping four delivered supertankers in a dividend payer and spinning off eight newbuildings.
Advantage Tankers orders suezmax pair at Samsung
Geneva-based Advantage Tankers has confirmed two suezmax newbuildings at Samsung Heavy Industries. The 157,000 dwt dual-fuel-ready crude tankers Advantage Spirit and Advantage Synergy are listed on the owner's newbuildi…
DEME orders new 22,000 m3 trailing suction hopper dredger
DEME is strengthening its dredging fleet with the order of a new 22,000 m3 trailing suction hopper dredger, aimed at higher productivity and lower greenhouse gas intensity per dredged cubic metre.
COSCO orders 24 bulkers in $1.27bn leasing play
COSCO Shipping Development has ordered 24 dry bulk vessels worth RMB8.66bn ($1.27bn), deepening its leasing business with long-term charters back into the COSCO group.
Pan Ocean keeps VLCC push rolling
South Korea's Pan Ocean has ordered two more VLCC newbuildings, ammonia-ready and priced at about $122m each, extending a rapid crude tanker expansion.
U-Ming signs for newcastlemax newbuilds in China
U-Ming Marine Transport has signed for up to four newcastlemax newbuildings at Jiangsu Hantong Ship Heavy Industry, part of a plan to grow its fleet beyond 100 vessels.
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