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Shipbuilding

Wallenius Wilhelmsen exercise options for two additional 11,700 CEU Shaper class vessels

Wallenius Wilhelmsen has declared an option for two additional 11,700 CEU Shaper class vessels at China Merchants Jingling Shipyard.  The two declared options are part...

QatarEnergy inaugurates four LNG vessels

​QatarEnergy inaugurated four new conventional-size LNG vessels built in the Samsung Heavy Industries Shipyard and the Hanwha Ocean Shipyard in the Republic of Korea...

Hapag-Lloyd orders 24 new container ships

Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with...

Shipbuilding giant’s revenue hit by US navy uncertainty

The largest U.S. military shipbuilder Huntington Ingalls on Thursday cut its 2024 shipbuilding revenue due to uncertainty in navy agreements, supply chain issues and...

Dynacom Tankers linked to sale of 2006-built trio, order for 4 newbuilds

Dynacom Tankers is reported to have sold three ice-class-1A tanker vessels at a price approximating USD 72 million. Specifically, brokers report the company has sold...

Japanese consortium produces design concept for eco-friendly VLCC

Idemitsu Tanker, IINO Kaiun Kaisha, Nippon Yusen Kabushiki Kaisha, and Nihon Shipyard announced that the consortium the companies established on 26 January 2024 for...

Klaveness Combination Carriers moves into wind

A subsidiary of Klaveness Combination Carriers has entered into an agreement with the builder of the CABU III newbuildings, Jiangsu New Yangzi Shipbuilding...

OOCL signs charter agreements with Seaspan for 6 new 13,000 TEU container vessels

Orient Overseas Container Lines entered into charter agreements on 22 October 2024 with Seaspan, to charter six brand new 13,000 TEU container vessels for...

Samsung Heavy Industries Q3 net income up 100.6% to $51.7 mil

Samsung Heavy Industries, the world's third-largest shipbuilder by orders, said Thursday its third-quarter net profit more than doubled from a year earlier on high-end...

Performance Shipping secures sale and leaseback agreement for 2nd newbuild LR2 Aframax tanker

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has entered into...

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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...