Shipping

U.S. Sanctions Fuel Soaring Demand for Korean Second-Hand Ships

Chinese Buyers Snap Up “K-Vessels” Amid Trump-Era Maritime Pressure U.S. sanctions targeting Chinese shipping are putting a premium on second-hand ships built in South Korea. In the used Very Large Crude Carrier (VLCC) ma..

News > Shipping > 2025-05-19 08:27:14

Arkas Line to Order up to 12 Boxships Worth $660m

“Turkey’s leading container carrier resumes newbuilding investment after nine years — backed by Chinese lease financing” Arkas Line, the largest container shipping company in Turkey, has launched a major fleet..

News > Shipping > 2025-05-18 18:09:29

Maritime Tycoon Idan Ofer Adds $6.4bn in a Year — Climbs to UK’s 5th Richest

"Eastern Pacific Shipping chairman records largest wealth increase among shipping magnates — Fredriksen and Reuben brothers also gain" Global shipping magnate Idan Ofer has added £5.16bn (approx. $6.4bn) to his ..

News > Shipping > 2025-05-18 18:04:28

“‘It’s Not My Job to Save the World’: Inside the Mind of BIMCO’s First President from the Americas”

Paul Pathy of Fednav Becomes BIMCO President, Puts ‘Business First’ > “It’s not my job to save the world. My job is to protect shipowners’ interests.” Paul Pathy, CEO of Canadian bulk carrier..

News > Shipping > 2025-05-18 18:00:42

Bulker scrapping decreased by 24%

The volume of bulk carriers scrapped from January to April 2025 decreased by 24% compared to the same period last year, representing the lowest level in 17 years. The Baltic and International Maritime Organization (BIMCO) recently co..

News > Shipping > 2025-05-16 15:32:46

Angelicoussis offloads aging VLCCs

Secondhand tanker market heats up – 18-year-old VLCC sold for up to $50 million as large crude carrier values surge Greece’s largest shipowner, Angelicoussis Shipping Group (ASG), is accelerating the sale of its aging VLC..

News > Shipping > 2025-05-16 09:38:50

Saudi’s Folk Maritime expands fleet

Folk Jubail and two feeder vessels acquired under Saudi flag – “Supporting Vision 2030 logistics goals” Saudi Arabia’s up-and-coming container carrier Folk Maritime is ramping up fleet expansion, acquiring thr..

News > Shipping > 2025-05-16 09:36:23

Indonesia’s Jhonlin snaps up 60,800-dwt ultramax bulker

Follows 8-ship newbuilding order in Japan – “Coal export contracts with China drive fleet ramp-up” Indonesia’s coal and logistics giant Jhonlin Group is accelerating its push into ocean shipping, with affiliat..

News > Shipping > 2025-05-16 09:31:18

Taiwan’s Container Shipping “Big Three” Show Resilient Q1—but Dark Clouds Loom for Q2

Evergreen outpaces rivals with strong earnings, while Yang Ming and Wan Hai face headwinds U.S.-China tariffs, oversupply, and slowing demand expected to weigh heavily on market Taiwan’s top three container shipping lines&mdas..

News > Shipping > 2025-05-16 08:30:43

Tanker Recycling Creeps Up in 2025—Sanctions and HKC Shape Outlook

Scrapping volume rises quietly in early 2025; India leads, Bangladesh faces compliance lag The tanker recycling market is showing signs of a quiet recovery in early 2025. According to UK-based shipbroker SSY, a total of 10 crude and ..

News > Shipping > 2025-05-16 08:26:40