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China to retain lead in global shipbuilding

China will retain its lead in the global shipbuilding market this year, and this trend is expected to persist into 2024, market watchers and...

Performance Shipping Signs Shipbuilding Contracts for 2 LR2 Tankers

Performance Shipping announced that, through two separate wholly-owned subsidiaries, it has signed two shipbuilding contracts with China Shipbuilding Trading Co. Ltd. (“CSTC”) and Shanghai...

Samsung Heavy ordered to pay SK $290 million for carrier defects

Samsung Heavy Industries has been ordered to pay $290 million in compensation to SK Shipping for defects in two liquefied natural gas (LNG) carriers...

Deltamarin’s PCTC and LNG carrier designs receive AiPs from DNV

Three designs developed by Deltamarin have received Approval in Principle (AiP) from the classification society DNV. The certificates were handed over at Marintec China to...

HMM orders LNG-fueled PCTCs for charter to Hyundai Glovis

HMM and Hyundai Glovis joined forces to order six LNG dual-fuel pure car and truck carriers from China’s Guangzhou Shipyard International (GSI). The agreement for...

Seaspan enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels

Seaspan Corporation (Seaspan), the world-leading owner and operator of containerships, continues quality growth through the 10,800 CEU dual-fuel LNG, with ammonia and methanol ready,...

Maersk Tankers orders up to 10 ammonia carriers

Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order...

Atlas Maritime linked to order of suezmax tankers

According to media reports, Atlas Maritime has placed an order for two suezmax tankers (158,000 dwt) at DH Shipbuilding. The price of the two vessels...

Shipbuilding: LNGC orders to rise, revenue to grow

Combined new orders for the three major domestic shipbuilders in 2023 are expected to exceed guidance. Orderbooks should expand in 2024, led by strong...

Elefsis Shipyard: Privatization gets green light; Onex to reopen industrial unit

An Athens first instance court has paved the way for the restructuring and reopening of the insolvent Elefsis Shipyards, west of Piraeus in western...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...