Market & Companies
Supply Pressure Mounting in Container Shipping Market
BIMCO warns of potential overcapacity by 2027 as fleet growth accelerates, impacting container shipping market.
Market & Companies
Marine insurance stable amid geopolitical shifts and decarbonisation push
Despite a 5.5% growth in global marine insurance premiums to $42.6 billion, challenges like war risks and digital transformation continue to reshape.
Market & Companies
Trafigura launches Volare Shipping with $500m Oslo IPO
Trafigura, a commodity trading giant, is establishing Volare Shipping to own and operate a fleet of 14 VLCCs, with plans to raise $500 million through.
Market & Companies
South Korea's Arctic shipping ambitions face financial and operational hurdles
This article examines South Korea's efforts to develop ice-class ships and Arctic routes, highlighting challenges despite government support.
World's first hydrogen-fuelled engine ready for sea trials in 2028
Japan Engine has successfully tested its world-first hydrogen-powered marine engine, reducing emissions by over 95%, with plans to install it.
Gigamax 27,500‑TEU ships poised to redefine container capacity by the 2030s
Alphaliner’s revived gigamax concept predicts vessels of about 27 500 TEU, marginal fuel penalties and modest port upgrades could make them viable.
DNV forecasts LNG bunker fleet growth to more than double by 2030
DNV predicts a significant expansion of LNG bunker vessels to meet rising demand from LNG-fuelled ships. What this means for operators.
Everllence and Damen Sign Framework Agreement for 175D Engine
Everllence and Damen Shipyards Group have agreed to serial supply of the 175D engine, establishing a long-term partnership in marine propulsion.
Kongsberg Maritime Acquires Steerprop for Arctic Expansion
Kongsberg Maritime has entered into an agreement to acquire Steerprop, a Finnish designer and manufacturer of azimuth propulsion systems, to bolster its.
MOL Merges Six Ship Management Firms for Over 200 Vessels
Japanese shipping giant MOL integrates six ship management companies into MOL Global Ship Management, overseeing more than 200 vessels.
NYK Completes Acquisition of 50% Stake in Avenir LNG From Stolt-Nielsen
Japan's NYK has completed its purchase of a 50 percent stake in small-scale LNG player Avenir LNG from Stolt-Nielsen Gas.
Turkey’s August diesel imports from US and India hit record levels
Turkey's diesel imports from the United States and India surged to record volumes in August, driven by a Russian export ban and Middle East supply shocks.
