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Tanker Owner Adds Third Newbuilding To Growing Revenue Backlog
A tanker owner has bought the company holding a 47,499 deadweight tonne newbuilding contract for delivery in 2029, lifting its revenue backlog around 24 percent to 379 million dollars.
Gulf Of Mexico Lease Sale Rebounds But Falls Short Of Last Year's Record
The third Gulf of Mexico offshore lease sale of the current programme raised 82.7 million dollars in high bids across 59 blocks, well below the record first auction a year ago.
Indian Recyclers Gain Ground As Bangladeshi Yard Offers Soften
Ship recycling is shifting towards India as Indian steel plate prices rise and Bangladeshi yards cut their offers by ten to fifteen dollars per light displacement tonne.
Maersk Sells Training Business To American Private Equity Buyer
The Danish shipping group has agreed to sell its maritime training business and a safety services subsidiary to a United States private equity buyer, with completion expected this year.
Vietnamese City Waives Port Infrastructure Fees For Three Years
Vietnam's largest city has waived port infrastructure fees for three years for more than 94,000 businesses, a measure officials expect to cut logistics costs by under one percent.
Japan Takes Delivery Of Large Hybrid Cable Laying Vessel
A Japanese contractor has taken delivery of a 150 metre hybrid cable laying vessel with 9,000 tonnes of carousel capacity, in a project valued above 200 million dollars.
Brazilian State Oil Producer Posts Record Quarterly Profit
Brazil's state oil producer reported second-quarter net income of 52.4 billion reais, about 10.4 billion dollars, and approved 17.4 billion reais in distributions.
Container Backlog Persists At Bangladesh's Largest Port
Around 9,330 containers remain stuck at Bangladesh's largest port, occupying 22 percent of yard capacity, with clearance taking longer than the free time allowed.
Russia Covers Pacific Submarines With Anti-Drone Netting
Satellite imagery from early August shows Russian submarines covered with anti-drone netting at a Pacific base more than seven thousand kilometres from Ukraine.
Chrome Ore Becomes The Fastest Growing Dry Bulk Trade Of The Year
Seaborne chrome ore volumes rose about 44 percent in the first half of 2026 as the collapse of South African ferrochrome smelting pushed raw ore towards Asia.
Seafarer Dies In Portuguese Custody After Major Cocaine Seizure At Sea
An Indian seafarer has died in police custody in Lisbon after around five tonnes of cocaine were seized from a container ship far offshore. The cause of death is unconfirmed.
Iron Ore Port Workers Stage First Major Stoppage In Twenty-Five Years
About 150 workers staged a two-day stoppage over pay at the world's largest bulk export port, the first major industrial action there in twenty-five years.
Subsea Cable Breaks Off Western Australia Prompt Calls For Investigation
Breaks in two international telecommunications cables off Western Australia have prompted calls for investigation, though no vessel or party has been publicly identified.
Oil From Grounded Tanker Begins Washing Ashore In Oman
Oil from a tanker grounded off Oman has begun reaching the shoreline, with estimates of the affected area ranging from 400 to more than 2,000 square kilometres.
Panama Canal Slot Auction Prices Climb As Queue Lengthens
Auction prices for Panama Canal transit slots have climbed towards four million dollars as the waiting queue lengthens and lake levels continue to fall.
Container Ship Grounds On Indian River After Reported Steering Failure
A Singapore-flagged container ship grounded on the Hooghly River near Diamond Harbour after a reported steering failure, and was refloated some eleven hours later with all crew safe.
Insurers Tighten War Risk Terms Across The Red Sea And Western Indian Ocean
Marine insurers have cancelled and rewritten war risk covers across the southern Red Sea and western Indian Ocean, including a twelve-month wait before a seized ship counts as a total loss.
Korean Owners Swap Twenty-Eight Ships To Concentrate Gas And Tanker Fleets
Two Korean owners under common ownership are exchanging twenty-eight vessels, doubling one fleet of gas carriers to thirty-two ships and concentrating the other in tankers.
Taiwanese Carrier Orders Eight Container Ships In Near Billion-Dollar Deal
A Taiwanese container line has ordered eight ships worth up to 980 million dollars at a Shanghai yard, most of them capable of running on alternative fuels.
Hamburg Container Throughput Falls In A Difficult First Half
The Port of Hamburg handled 56.1 million tonnes in the first half of 2026, down 3.1 percent, with container volumes falling 3.8 percent during terminal modernisation work.
MSC's Terminal Arm Withdraws Barcelona Antitrust Filing
MSC's terminal arm has withdrawn an antitrust filing relating to Barcelona, ending for now a review of its position in the Catalan port.
Cadeler Buys Foundation Installation Specialist Menck For 578 Million Dollars
Cadeler is buying foundation installation specialist Menck for 578 million dollars, deepening its position in offshore wind installation work.
Drone Strikes Threaten Libya's Zawiya Oil Complex
Drone strikes have threatened Libya's Zawiya oil complex, raising the risk to one of the country's main refining and export nodes.
Russian Shipping Adopts Cages And Convoys Against Drone Threat
Russian operators are fitting cages and sailing in convoys to protect ships against drone attack, changing how tonnage moves in the Black Sea.
Ecuador Finds 1.25 Tonnes Of Cocaine Soaked Into Cardboard Boxes
Ecuadorian authorities have found 1.25 tonnes of cocaine soaked into cardboard boxes prepared for export, a chemical concealment method now spreading.
Salvors Refloat Damietta Gas Unit Two Months After Drone Strike
Salvors have refloated a gas unit at Damietta two months after it was damaged in a drone strike, clearing the berth for a return to service.
Iran's New Security Chief Hardens Line On Hormuz Arrangement
Iran's new national security chief has hardened the country's position on transit arrangements through the Strait of Hormuz.
US Helicopter Disables Container Ship In Gulf Of Oman
A US helicopter disabled a container ship in the Gulf of Oman, the latest interdiction in a campaign that has redirected dozens of commercial vessels.
Ukrainian Strikes Hit Warships At Novorossiysk Naval Harbour
Ukrainian strikes have hit warships at the naval harbour of Novorossiysk, adding to pressure on Russia's main Black Sea commercial and naval hub.
Six Killed As Missiles Strike Egyptian Cargo Ship Off Mokha
At least six people were killed when missiles struck an Egyptian cargo ship off the Yemeni port of Mokha in an attack that also hit shore facilities.
Bahrain Terminal Operator's First-Half Profit Falls Seventy-Two Percent
APM Terminals Bahrain reported a seventy-two percent fall in first-half net profit, with second-quarter earnings down more than ninety percent.
Japan Commits Public And Private Funds To Shipbuilding Revival
Japan is committing public and private funds to a shipbuilding revival, targeting a trillion-yen investment and roughly double the output by 2035.
Syria Takes Control Of Tartous Berth Previously Used By Russia
Syria has taken control of a 630-metre berth at Tartous that was previously used by Russia, under an agreement announced this month.
Thai Owner Receives 11 Million Dollar War Risk Payout For Hormuz Casualty
A Thai owner has received a war risk payout of about eleven million dollars after one of its bulk carriers was attacked in the Strait of Hormuz.
Shipping Body Warns On Legal Risks Of AI-Drafted Contract Clauses
A shipping industry body has warned owners and charterers about the legal risks of relying on artificial intelligence to draft contract clauses.
Three Largest Container Lines In Talks With Chinese Yards Over 2029 Slots
The three largest container lines are in advanced talks with Chinese yards over mega-orders, with delivery slots stretching towards 2029.
Russian Operator Suspends Black Sea Bookings After Boxship Sinks
A Russian carrier has suspended Black Sea bookings after one of its container ships was sunk by drone attack, and a major liner halted Ukrainian calls.
US Container Imports Peaked Early And Face Monthly Declines
US container imports peaked early this year and are forecast to decline month by month, with full-year volumes projected at about 25.5 million TEU.
Minerva Dry Orders 3,100-Box Container Series At Hengli
Greek owner Minerva Dry has ordered a series of 3,100-box container ships at Hengli Heavy Industries, extending the yard's containership book.
Seaspan Becomes First Foreign Shipowner To Tap China's Panda Bond Market
Seaspan has become the first foreign shipowner to raise money in China's panda bond market, pricing a three-year note with heavy oversubscription.
Japanese Owner's Quarterly Profit Rises Despite Weaker Container Contribution
Mitsui O.S.K. Lines lifted first-quarter net profit by around sixteen percent as dry bulk swung to profit and the container contribution shrank.
Tuas Port Passes Twenty-Five Million Containers Since Opening
PSA's Tuas Port has handled twenty-five million containers since opening, with fourteen berths in service and eighteen planned by 2027.
Singapore To Require All New Harbour Craft To Be Electric From 2030
All new harbour craft entering service in the Port of Singapore must be fully electric from 2030, with existing large craft judged ready for biofuel.
ADNOC Shipping Arm Buys Eleven Tankers And Gas Carriers For 1.3 Billion Dollars
ADNOC's shipping arm has agreed to buy six VLCCs and five very large gas carriers for about 1.3 billion dollars, alongside a new LNG carrier order.
Sanctioned Singapore Container Line SeaLead Ceases Trading
Singapore container carrier SeaLead has gone into voluntary liquidation following its designation by US authorities over alleged Iranian links.
Nine In Ten Vessels Used Pooling In First FuelEU Compliance Year
Ninety-two percent of vessels used pooling in the first FuelEU compliance year, with only two percent relying on borrowing against future budgets.
North Pacific Patrol Records Fifty-Two Fisheries Violations At Sea
A Canadian-led high-seas patrol in the North Pacific recorded fifty-two fisheries violations at sea and detected twenty-one more from the air.
Klaveness Takes Delivery Of Final Third-Generation Combination Carrier
Klaveness has taken delivery of MV Baltazar, completing its third-generation CABU series and adding the first wind-assisted propulsion in its fleet.
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