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CMB.TECH Posts $364m Second-Quarter Profit as Tanker Markets Run Hot
CMB.TECH reported a second-quarter profit of $364.4m and EBITDA of $552.8m, with a $3.26bn contract backlog and gains of $127.4m booked on vessel sales in the period.
Japan Opens $95m Subsidy Pot for Hydrogen, Ammonia and Battery Ships
Japan has opened a five-year subsidy programme worth $95m to accelerate orders for ships powered by hydrogen, ammonia, methanol and batteries, covering up to half the equipment cost.
Yangzijiang Maritime Moves Into Stainless Steel Chemical Tankers
Yangzijiang Maritime Development has been linked to an order for four firm plus two optional 28,000 dwt duplex stainless steel chemical tankers at Zhoushan Ningxing Shipbuilding.
ADNOC L&S Exercises Options for Two More LNG Carriers at Jiangnan
ADNOC Logistics and Services has exercised options for two further LNG carriers at Jiangnan Shipyard in a $444m order, lifting its LNG fleet to 24 vessels.
First Wind-Assisted LNG Carrier Enters Sea Trials With Twin 49m Sails
A 174,000 cu m LNG carrier fitted with two telescopic hard sails has entered sea trials, the first commercial application of wind-assisted propulsion on a gas carrier.
Yangzi Xinfu Delivers China's First Privately Built Large LNG Carrier
Jiangsu Yangzi Xinfu Shipbuilding has delivered Yangze LNG 01, the first large LNG carrier completed by a private Chinese shipbuilder, on a four to five year time charter.
Australia Picks Henderson for A$12bn Naval Hub Backing AUKUS Submarines
Australia has selected the Henderson Defence Precinct in Western Australia for an A$12bn naval hub supporting continuous warship construction, fleet maintenance and future nuclear-powered submarines.
BAE Lays Keel for Australia's First Hunter-Class Frigate at Osborne
BAE Systems Maritime Australia has laid the keel for the Royal Australian Navy's first Hunter-class anti-submarine frigate at the Osborne Naval Shipyard in South Australia.
Cochin Shipyard Delivers Third Anti-Submarine Corvette to Indian Navy
Cochin Shipyard has delivered INS Mangrol, the third of eight indigenously designed anti-submarine warfare shallow water craft, to the Indian Navy at its Kochi facility.
HD Hyundai Launches Peruvian Navy Landing Ship Built at SIMA Yard
HD Hyundai Heavy Industries has launched Chimbote, the first of two landing support ships for the Peruvian Navy, built at the SIMA shipyard under a local joint production arrangement.
HD Hyundai Drops $449m Cochin Joint Venture for a $4bn Indian Yard
HD Hyundai Heavy Industries has withdrawn from a planned $449m hull block joint venture with Cochin Shipyard, redirecting capital to a $4bn wholly owned yard in Tuticorin.
Ray Car Carriers Shifts $1bn PCTC Order From Korea to China
Israeli owner Ray Car Carriers is finalising a series of 8,600-car PCTC newbuildings at Guangzhou Shipyard International worth about $1bn, breaking a long reliance on Korean yards.
Hengli Books 207 Ships in Six Months, a Record for a Single Yard
Hengli Heavy Industries took 207 vessel orders in the first half of 2026, an all-time record for a single shipyard, lifting its backlog to about 380 ships through 2030.
China Takes 80% of Container Ship Orders as Korea Fills Slots With Gas
Chinese yards took more than 80% of global container ship orders in the first half, around 380 vessels, while Korean builders filled 2029 slots with LNG carriers and other high-value gas tonnage.
Empty Lifeboat Recovered in Search for Ocean Winner's Missing Crew
The Indian Coast Guard has recovered a damaged and empty lifeboat from the bulker Ocean Winner, with 22 crew still missing and investigators examining possible cargo liquefaction.
USS Abraham Lincoln Leaves the Middle East After Record Time at Sea
The USS Abraham Lincoln has left the Middle East after almost seven months, heading for a port visit in eastern Thailand following more than 270 days at sea without a declared call.
Callao Becomes the First South American Port With Shore Power
The Port of Callao in Peru has become the first in South America with a shore power system for merchant ships, sized to handle the largest container vessels calling at the terminal.
Panama Canal Sets Out 2025-2035 Plan as Drought Cuts Draught to 48 Feet
The Panama Canal Authority is advancing a 2025-2035 vision plan built around two new container terminals and a cross-isthmus pipeline, as drought pushes the maximum draught down to 48 feet.
SK Gas Pays Record $5.3m for a Single Panama Canal Transit Slot
SK Gas has paid $5.3m for the right to move the LPG carrier G. Spirit through the Panama Canal on 1 September, setting the second Korean transit-slot record in a month.
Sohar Port Cargo Throughput Jumps 52% to 52m Tonnes in First Half
Sohar Port and Freezone handled 52m tonnes of cargo in the first half of 2026, up 52% year on year, with container throughput rising 40% to 545,000 teu on higher transhipment volumes.
Khorfakkan Terminal Expansion Targets 5m TEU on the Route Around Hormuz
Gulf Terminals Group is expanding Khorfakkan Commercial Container Terminal from 3.5m to 5m teu of annual capacity, targeting more than 10m teu long term at a port outside the Strait of Hormuz.
India Extends Transhipment Access for Hormuz-Diverted Cargo to October
India has extended access to all its seaports and international airports for foreign-bound cargo diverted by Strait of Hormuz disruption until 31 October, and has brought dry bulk under the framework.
DP World Spends $100m a Month Keeping Jebel Ali Ready as Ships Divert
DP World is spending about $100m a month to keep Jebel Ali in a state of readiness while vessels avoid the crisis-hit UAE gateway, with the port running at around 10% of normal capacity.
Jebel Ali Crashes From Tenth to 32nd in Global Container Port Ranking
Dubai's Jebel Ali has fallen from tenth to 32nd in the global container port rankings in six months, handling 3.14m teu in the first half against 7.77m teu a year earlier.
Sanctioned Container Ship Reaches Iranian Port Despite US Blockade
An Iranian-affiliated container ship under US Treasury sanctions has reached an Iranian port despite the naval blockade, hours after Washington announced a new phase of economic pressure on Tehran.
Hormuz Cargo Volumes Down More Than 90% After Six Months of Conflict
Cargo volumes through the Strait of Hormuz have fallen by more than 90% after six months of Middle East conflict, with 88 vessel attacks recorded since March and UAE box throughput down 65% year on year.
Oman Signals Progress on Joint Hormuz Shipping Corridor With Iran
Oman's foreign minister says talks with Iran on jointly managing a Strait of Hormuz shipping corridor are advancing, with a single temporary lane expected to replace the current two-corridor system.
Iran Approves Transit Service Fees for Authorised Ships in Hormuz
Iran's parliamentary security commission has approved a schedule of service fees for vessels it authorises to transit the Strait of Hormuz, payable in rials or a currency of Tehran's choosing.
Tanker Hit and Disabled on Omani Side of the Strait of Hormuz
A projectile struck an oil tanker off Musandam overnight, damaging the engine room and disabling the ship on the Omani coastal route through the strait.
Turkish Ship's Cook Killed in Second Black Sea Drone Strike
Drone strikes on two cargo ships off the Russian Black Sea coast left eight injured and one dead, the victim having been rescued from the first vessel hit.
Tug SL Sual 1 Capsizes and Sinks During Refloat Off Luzon
The grounded tug SL Sual 1 capsized within minutes of a refloat attempt off Zambales, with all ten personnel abandoning ship safely into the water.
Container Port Congestion Hits Record 4.3m Teu Waiting to Berth
Congestion has removed more than 4.3m teu of capacity from circulation, surpassing the pandemic peak in absolute terms and keeping freight and charter rates elevated.
Hormuz Transits Fall to Two Vessels in a Day, Lowest Since May
Only two ships entered the Strait of Hormuz on August 24, the lowest daily count since early May, with fewer than 20 commercial vessels crossing over the weekend.
US Treasury Sets Cure Period Before Iran Banking Sanctions
Washington has signalled secondary sanctions on foreign banks working with five Iranian sectors including shipping, but is allowing a cure period for self-correction.
Iran Blacklists 45 Ships as OFAC Warns Against Hormuz Compliance
Iran's Persian Gulf Strait Authority has published a 45-ship non-compliance list, while Washington warns that even responding to its requests can trigger sanctions.
Houthi Missile Strike Hits Bahri VLCC Amzan in the Red Sea
The Saudi-flagged VLCC Amzan was struck 63 nautical miles west of Yanbu, extending the Houthi campaign to the kingdom's main alternative crude export route.
MARAD Signs Nuclear Propulsion Agreement With CORE POWER
The US Maritime Administration and CORE POWER have agreed to work through the regulatory and commercial obstacles blocking a US-flagged nuclear-powered merchant fleet.
Canada Orders Six Polar Icebreakers From Davie in C$11.3bn Deal
Ottawa has committed C$11.3bn to six Polar Class 3 icebreakers at Chantier Davie in Levis, with construction starting in 2027 and the series complete by 2038.
Ransom Standoff Deepens Around Hijacked Somali-Held Coaster
A $2m ransom demand, unconfirmed reports of strikes on boats approaching the hijacked coaster Lutuf, and a regional warning against payment have complicated the standoff.
IMO Demands Release of More Than 90 Seafarers Held by Pirates
The IMO has demanded the immediate release of more than 90 seafarers held by pirates and armed robbers, with six vessels now detained after a resurgence of attacks.
Equinor, Aker BP and Var Energi Form NCS Exploration Alliance
Norway's three largest shelf operators will pool data, technology and exploration capacity to test 20 to 25 high-impact prospects on the Norwegian Continental Shelf.
McDermott Wins $1bn-Plus EPCI Contract for ADNOC Gas Project
McDermott and its Qingdao consortium will build a surface pressure-boosting facility for ADNOC's Umm Shaif gas project under a contract the contractor classes as above $1bn.
CB&I Lands Three-Year Ivory Coast FPSO Services Contract
CB&I Asset Solutions will run operations, maintenance and integrity management on an FPSO off Ivory Coast under a three-year contract worth between $50m and $100m.
Shell Shelves Aphrodite Offshore Gas Project in Trinidad
Shell has released the initial rig slot for its Aphrodite gas development off Trinidad after failing to agree offtake terms with the National Gas Company.
Ultra-Luxury Newbuilds Now Take a Fifth of the Cruise Orderbook
Ultra-luxury tonnage accounts for 20 percent of cruise ships on order by number, drawing investment from Royal Caribbean Group, MSC and luxury hotel brands.
Car Carrier Emissions Data Gets a Formal Governance Body in GRC Council
The Global Ro-Ro Community has established a council to govern its emissions accounting methodology and data handling rules for the car carrier trades.
Cruise Lines Press Australia on Port Costs and Permits as Ships Leave
An industry alliance says cruising contributes A$7.3 billion a year to Australia, as operators cite permit uncertainty and port charges for pulling ships out of the market.
Residential Cruise Ship Projects Multiply as Financing Stays the Obstacle
Several residential cruise ship ventures have announced newbuildings and conversions, but only one operator has so far put a converted ship into service.
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