A Russian court overturned on Monday a decision by a regulator to suspend the operation of an oil berth at the Black Sea port of Novorossiisk controlled by Transneft, an industry source told Reuters.Transneft said last week it had...
Stillstrom by Maersk and the Panama Canal Authority (ACP) have signed a Memorandum of Understanding (MOU) to explore the implementation of Stillstrom’s offshore charging technology to reduce emissions from vessels idling in and around...
ZIM Integrated Shipping Services Ltd. announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with total charter hire consideration of approximately $2.3 billion to...
U.S.-based military shipbuilder Huntington Ingalls and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) today to explore opportunities to collaborate on accelerating ship production in support of defense...
Fincantieri has signed an agreement with Carnival Corporation, valued over $2 billion, for the design and construction of two new cruise ships for AIDA Cruises.This marks the first time that Fincantieri will build cruise ships for AIDA...
New Zealand said on Monday it would boost defense spending by NZ$9 billion ($5 billion) over the next four years, and aim to nearly double spending to 2% as a share of GDP in the next eight years, at a time of rapidly growing tension...
On April 4, NYK concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) equipped with a dual-fuel methanol main engine, a first for the NYK VLCC fleet.The vessel, which will feature a large shaft...
Finland's Meyer Turku Group's financial result for 2024 has been published, with the company reporting a turnover of 1.80 billion euros ($2 billion) which marks a growth of 28% compared to the previous year.The net profit for the...
The global ship recycling sector witnessed some interesting activity last week as local steel plate prices continued to climb in India, fall in China and flatline in Bangladesh and Pakistan, reports cash buyer GMS.Recycling activity has...
Foreign ministers from the G7 nations called China's recent military drills around Taiwan provocative and destabilizing while urging dialogue for "peaceful resolution of issues.""These increasingly frequent and destabilizing activities...
The Royal New Zealand Navy released its final Court of Inquiry report today detailing the circumstances that led to the loss of HMNZS Manawanui, which ran aground and subsequently sank...
Shipping industry executives are considering options to address Trump administration policy changes, under consideration or enacted, that could significantly disrupt operations, speakers said here this week at the 40th annual Connecticut...
Seaspan Shipyards began construction today on what will become the most capable vessel in the Canadian Coast Guard’s fleet – a new heavy polar icebreaker, marking the country’s first such...
President Trump’s newly announced tariff increases are expected to significantly impact global shipping patterns and container rates, with industry leaders warning of far-reaching consequences for maritime trade. The tariffs,...
President Donald Trump's sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.
BlackRock could hit another roadblock in its attempt to secure control of two flagship ports near the Panama Canal once the Central American country releases an audit on a 25-year concession granted to Hong Kong-based CK Hutchison.
The UK Marine Accident Investigation Branch (MAIB) has released an interim report detailing the serious maritime incident involving the Portuguese-flagged container ship Solong and the U.S.-flagged oil/chemical tanker Stena Immaculate,...
Australia’s remote, uninhabited islands in the Antarctic and a tiny territory with barely any exports found themselves caught up alongside global heavyweights in U.S. President Donald Trump's sweeping tariff regime, leaving locals and...
Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them in a bid to revive American shipbuilding.