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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.
Pan Ocean Lifts Quarterly Profit As Grain Sales More Than Double
Pan Ocean lifted second-quarter net profit attributable to the parent by 11.9 percent to 137.5 billion won, with operating profit up 57.5 percent and grain sales more than doubling.
CMA CGM Second-Quarter Revenue Rises 19 Percent To 15.7 Billion Dollars
CMA CGM has reported second-quarter revenue of 15.7 billion dollars, up 19.2 percent year on year, carrying 6.3 million teu as maritime and logistics both grew despite disruption in the Middle East.
Iceland Storms And Seizes Anti-Whaling Ship In Biggest Operation In Decades
Iceland's coast guard and special police units have boarded and taken control of the anti-whaling vessel Bandero after the ship allegedly ignored orders to leave Icelandic waters and to stop.
Low Water Strands Viking River Cruise Ship In The Danube
A Viking river cruise vessel has run aground in the Danube after coming into contact with a sandbank in extremely low water, and efforts to refloat her are reported to have been unsuccessful.
Engine Failure Grounds Bulker In Dardanelles, Closing Strait For Twelve Hours
Traffic through Turkey's Dardanelles Strait resumed after a bulk carrier that suffered an engine failure and ran aground was refloated with tug assistance, Turkish authorities said.
India Monitors Six Ships And 166 Seafarers Near Hormuz After Crew Death
India is monitoring six Indian-flagged vessels and the safety of 166 Indian seafarers operating in the Persian Gulf and near the Strait of Hormuz, as attacks on merchant shipping continue across two separate conflict zones.
Houthis Deny Plan To Charge Ships For Red Sea Transit
Yemen's Houthi movement has denied that it is planning to charge vessels for passage through the Red Sea, insisting that transit remains free.
Saudi Arabia Leads Fourteen Nations In New Red Sea Defence Alliance
Saudi Arabia and thirteen other states have declared a new maritime defence alliance to protect shipping through the Bab el-Mandeb Strait, the Red Sea and the Gulf of Aden, with a permanent headquarters in the kingdom.
Sanctioned Tanker Leaking Crude Off Oman After Onboard Blast
A crude oil tanker linked to Russia's sanctioned export trade is leaking cargo off the coast of Oman, and satellite imagery indicates the slick around the vessel has spread significantly over recent days.
Seafarer happiness falls again as workload and wages bite
Seafarer morale has fallen for a second consecutive quarter, with the leading welfare index recording 6.87 out of ten for the second quarter of 2026 against 7.18 in the first quarter.
Strike threat hangs over exports from world's largest bulk export port
Industrial action is threatened at Port Hedland in Western Australia, the world's largest bulk export terminal, where around 450 BHP workers have been bargaining over a new enterprise agreement for some eight months.
Sanctioned Russian cargo ships carry military equipment to West Africa
Sanctioned Russian cargo ships have been delivering military equipment to West Africa for onward movement to Mali, according to an investigation combining vessel tracking data, satellite imagery and state television footage.
Saudi crude keeps loading despite Houthi blockade threat
Saudi crude exports through the Red Sea have continued at close to normal levels despite a Houthi maritime blockade declared on 20 July.
Clarksons posts record first half as Hormuz disruption drives volatility
Shipbroker Clarksons has reported a record first half, with revenue of 413.5 million pounds for the six months to the end of June, up 39 percent year on year.
Sweden arrests cargo ship master after fatal collision off Tjorn
Swedish prosecutors have arrested the master of a Norwegian-flagged cargo ship on suspicion of causing death by negligence, after a collision off the country's west coast that killed a woman and a child.
Indian yard to build four platform supply vessels for ONGC
Garden Reach Shipbuilders and Engineers has won a contract worth 1,032 crore rupees including tax, around 123 million dollars, to design, build and deliver four platform supply vessels for Oil and Natural Gas Corporation.
Larsen & Toubro wins ultra-mega offshore order from ADNOC
The offshore arm of Indian engineering group Larsen & Toubro has secured what the company classifies as an ultra-mega order from ADNOC Offshore, placing the award above 15,000 crore rupees, or roughly 1.7 billion dollars.
Washington moves to ease Arctic offshore drilling rules
The United States Department of the Interior has proposed a rule making what it calls targeted updates to the regulations governing exploratory oil and gas drilling on the Arctic Outer Continental Shelf.
Viking Reach sold to Greek subsea contractor for trenching work
Eidesvik Offshore and Reach Subsea have agreed to sell their jointly owned inspection, maintenance and repair vessel Viking Reach, with the buyer subsequently identified as the Greek subsea contractor Asso.subsea.
DryDel fixes four capesize newbuildings to K Line on five-year charters
Greek owner DryDel Shipping has secured long-term employment for all four of its capesize newbuildings, fixing the vessels to Japan's Kawasaki Kisen Kaisha on five-year time charters that begin on delivery.
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.
Shipping Corporation of India opens bidding for six LNG dual-fuel boxships
Shipping Corporation of India has launched a global tender for up to six 8,000 teu container ships in a programme estimated at 720 million dollars.
MSC sues logistics customer over container fire caused by electric vehicles
Mediterranean Shipping Company has sued a United States vehicle logistics specialist over a fire aboard one of its container ships, alleging that improperly secured electric vehicles inside two of the customer's containers caused the blaze.
Russia intensifies attacks on civilian shipping in Ukrainian ports
Attacks on shipping in Ukrainian ports have escalated sharply, with strikes at Mykolaiv over two consecutive days damaging vessels that in several cases had not moved since the start of the war.
Crewmember missing after bulk carrier struck in Strait of Hormuz
A seafarer is missing after a Greek-managed bulk carrier was hit by an unidentified projectile while transiting the Strait of Hormuz northbound.
Three seriously injured as drone strikes Turkish roro off Novorossiysk
Three seafarers were seriously injured when a drone struck the Turkish-owned roro Nadezhda about 20 nautical miles off the Russian Black Sea port of Novorossiysk.
Collapsed crane lifted clear of boxship at Port of Tyne
A 750-tonne gantry crane that fell onto a container ship at the Port of Tyne has been lifted clear, in a ten-hour operation on 30 July using the heavy-lift sheerlegs MATADOR 3 brought in from Rotterdam.
Pilbara Ports passes 800m tonnes for the first time
Pilbara Ports has moved 804.1 million tonnes of cargo in the 2025-26 financial year, passing the 800 million tonne mark for the first time and up from 775.7 million tonnes a year earlier.
Study warns Jones Act waiver could cost $2.6bn in shipbuilding demand
A study prepared by PwC for the Transportation Institute has put a price on the waiver of United States cabotage rules, estimating that a sustained suspension could remove up to 2.6 billion dollars a year of shipbuilding demand.
Asian ports need $12bn a year to keep pace with trade growth
Asian ports and shipping will require investment of around 12 billion dollars a year to handle projected trade growth and to begin the shift to alternative fuels, according to new World Bank analysis.
Petrobras squeezes extra 134,000 barrels a day from existing platforms
Petrobras has extracted an additional 134,000 barrels per day of production from its existing floating production units, equivalent to roughly five percent of the company's oil output, without building new facilities.
Northern Lights completes carbon shuttle fleet with fourth ship
The Northern Lights carbon capture and storage venture has taken delivery of the fourth and final vessel in its dedicated fleet of liquefied carbon dioxide carriers.
Saipem wins $930m of Eni work led by Ivory Coast deepwater project
Saipem has secured contracts worth approximately 930 million dollars, or around 800 million euros, from Eni, with the largest element covering the third phase of the Baleine development offshore Ivory Coast.
Hungarian energy group buys Shell's Cyprus gas stake for up to $720m
Hungarian oil and gas group MOL is buying Shell's 35 percent interest in the Aphrodite gas field offshore Cyprus, in a deal worth up to 720 million dollars.
PanStar prepares South Korea's first Arctic container voyage to Europe
Cargo is being booked for South Korea's maiden container voyage through the Northern Sea Route, with a 2,800 teu vessel chartered by PanStar Line due to sail from Busan on 22 August calling at Rotterdam, Hamburg and Gdansk.
Chinese yards take more than four-fifths of world newbuilding orders
China's shipbuilding industry strengthened its dominance in the first half of 2026, securing more than 80% of worldwide new orders and recording growth across output, orders and backlog simultaneously.
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.
Container spot rates fall for a third week as front-loading ends
Global container spot rates declined for a third consecutive week, with weakening demand and the end of the front-loading surge weighing on the major east-west trades.
Aspo to spin off ESL Shipping for standalone Helsinki listing
The Finnish dry bulk operator ESL Shipping is being prepared for a standalone listing on Nasdaq Helsinki after its parent, Aspo, approved a partial demerger.
NYK to take dry bulk affiliate NS United private in $1bn deal
Nippon Yusen Kaisha has set out a two-stage transaction worth close to $1bn to take its dry bulk affiliate NS United Kaiun private and lift its holding to 83.33%.
Container lines shift decisively towards owned tonnage
Container lines have sharply increased their reliance on owned ships during the 2020s, reducing their exposure to a charter market that has been repeatedly constrained by limited vessel availability.
Philippines files extended continental shelf claim in West Philippine Sea
The Philippines has formally presented its partial submission for an extended continental shelf in the West Philippine Sea to the United Nations Commission on the Limits of the Continental Shelf.
UK ends Royal Fleet Auxiliary pay dispute after four strikes
The British government has reached agreement with unions on a pay increase for more than 1,750 civilian ratings, officers and apprentices of the Royal Fleet Auxiliary.
USS Georgia decommissioned as first of four cruise missile submarines retires
The United States Navy has decommissioned USS Georgia after more than 42 years of service, retiring the first of four Ohio-class submarines converted from ballistic missile boats into guided missile and special operations platforms.
Odfjell semisub back at work after blowout preventer dropped to seabed
The 2009-built semisubmersible Deepsea Atlantic has returned to work more than three months after dropping a blowout preventer to the seabed during installation.
Guyana appoints international team to investigate ferry disaster
Guyana's government has appointed a group of international experts to investigate the sinking of a state ferry that killed dozens of passengers in the country's worst recorded maritime disaster.
Fincantieri triples first-half profit as backlog reaches €73.9bn
The Italian shipbuilder Fincantieri nearly tripled net profit in the first half of 2026, reporting €102m against €35m a year earlier, while EBITDA rose 12.5% to €350m.
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