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Hanwha Ocean to sign MOU to bridge pay gap between prime contractors and subcontractors

Hanwha Ocean will sign an agreement with the government and the shipbuilding industry to eliminate the gap between prime contractors and subcontractors. As the...

Iron ore ends the week lower due to lower demand, stockpile build-up

Iron ore futures edged up on Friday as China announced that it would continue with its export licensing plans, but ultimately ended the week...

Subsea7 awarded contract offshore US

Subsea7 today announced the award of a sizeable1 contract by LLOG Exploration Offshore L.L.C., for the Buckskin South Expansion project. The Buckskin field is...

DOF Group ASA – Two contract awards in the APAC region

DOF Group ASA announced the award of two contracts in the APAC region. ‍The first is for a three-year frame agreement for the provision of...

MOL signs a project finance agreement for FSRU project in Singapore

Mitsui O.S.K. Lines, Ltd. announced the signing of a project finance agreement with a banking syndicate-including the Japan Bank for International Cooperation (JBIC), Mitsubishi...

Intermodal Weekly Market Report [W51]

While the war in Ukraine remains unresolved, any meaningful deescalation arising from ongoing peace discussions would extend well beyond energy markets and materially reshape...

Iron ore slips as mill maintenance, rising China port stocks weigh

Iron ore futures prices closed lower on Tuesday, weighed by steel mills undergoing annual furnace maintenance and rising Chinese port inventories. The most-traded May iron...

Baltic Index falls to five-month low as vessel rates decline across the board

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an over five-month low on...

NYK Group signs heads of agreements with JERA on low -carbon ammonia marine transport

NYK Bulkship (Asia) Pte. Ltd., a member of the NYK Group located in Singapore, has signed two heads of agreements with JERA Co., Inc....

Celestyal celebrates Celestyal Discovery’s Arabian Gulf debut

Celestyal has held a series of plaque exchange ceremonies to mark Celestyal Discovery’s debut in the Arabian Gulf. The 1360-guest ship, which has joined Celestyal...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...