Container shipping market was expected to experience a glut of tonnage last 2024 with a flurry of deliveries of vessels ordered during the pandemic era. However, as geopolitical uncertainty increased, such as the prolongation of the Red..
The United States has finally unveiled long-awaited port fee plan on Chinese built and operated ships. According to industrial source, the US Trade Representative (USTR) decided on April 17 to impose US port entry fees on Chinese shi..
V., the global ship manager and marine services provider, has been awarded the full technical and crew management of six scrubber-fitted, dual-fuel (LNG) ready LR1 vessels by International Seaways, Inc. (INSW). The contract further s..
HMM, the largest container shipping company in South Korea, is reportedly preparing to launch a project for ordering new vessels. According to industry sources, HMM plans to invest a total of $13.5 billion by 2030, with a focus on or..
Mediterranean Shipping Company (MSC) has become the first container liner company to possess a fleet of 900 ships. According to industry sources and TradeWinds, MSC hits the 900 container ships with the delivery of the 16,000-teu co..
Wilson announced on April 15 that the Norwegian shipping company has deployed its bulker retrofitted wind-assisted propulsion for compatriot aluminum producer Hydro. The vessel’s name, Wilson Eyde, is a tribute to Sam Eyde &mda..
NYK Group announced on April 14 that its three shipping and ship-management companies - namely, Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd. - will merge as part of a strategic business ..
NYK Cruises (Japan) announced that it took delivery of the ASUKA III, the new cruise ship, from MEYER WERFT on on April 10. On board the ship, Mr. Hiroyuki Endo, President of NYK Cruises celebrated the official handover of the ship with..
The International Maritime Organization (IMO) has finally agreed to introduce the world's first ship carbon tax that compulsorily regulates the prevention of environmental pollution. According to Reuters and local sources, the IM..
Shipbuilding industry focuses on demands for replacing older and non-normal tankers as seabourne crude trade structure is reorganized after the Russia-Ukraine war. An increase in new order intakes is expected as shadow fleet is highly l..
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