Shipping

Major Shipping Lines Reconsider Chinese Orders, Turn to Korean Shipbuilders

Container ship inquiries surge 6-fold YoY amid U.S. port fee pressure Global shipping giants are increasingly reconsidering container ship orders from Chinese shipyards, shifting their attention to Korean shipbuilders amid mounting g..

News > Shipping > 2025-05-01 12:24:18

HD Hyundai Mipo delivers ice class PC duo

Irving Oil and Algoma Central Corporation (Algoma) welcomed the first of two new product tankers into Saint John Harbour on April 28. The vessels will service Canada’s largest refinery with deliveries to ports in Atlantic Canada a..

News > Shipping > 2025-04-30 13:54:41

OOCL orders 14 boxships from NACKS & DACKS

Orient Overseas Container Lines placed orders for 14 methanol dual fuel powered container ships worth a total of $3.08bn with two Chinese shipbuilders. The order has been split between two Sino-Japanese joint venture shipyards—..

News > Shipping > 2025-04-30 11:04:07

Shipping sees serious glut of tonnage

Against the backdrop of mass delivery of new ships and delays in decisions to scrap older ships, it is estimated that the shipping market is experiencing a serious oversupply of tonnage. According to the Overseas Economic Research In..

News > Shipping > 2025-04-30 10:05:36

Container Ship Newbuilding Market Remains Firm Despite Temporary Slowdown

The global container ship newbuilding market continues to show firm momentum, despite a brief slowdown in the fourth quarter of 2024 following a sharp increase in orders during the third quarter. According to a recent report by Londo..

News > Shipping > 2025-04-29 13:23:14

US sanctions likely to affect ship price

The US sanctions on Chinese ships are expected to have a direct impact on ship prices. The US Trade Representative (USTR) decided on April 17 to impose US port entry fees on Chinese shipping companies, shipping companies operating Ch..

News > Shipping > 2025-04-29 11:37:15

Aging VLCC fleet confronts supply challenges

As of now, approximately 130 very large crude carriers (VLCCs) worldwide are over 20 years old, making up nearly 20% of the total fleet. This marks a significant increase compared to five years ago, when fewer than 20 VLCCs were over 20..

News > Shipping > 2025-04-28 16:28:28

SteelShips places order for 2 PCs with K Shipbuilding

SteelShips, the shipping company led by Greek shipowner Nicholas Notias, is accelerating its fleet expansion with the order of two petroleum product carriers (PC) from K Shipbuilding. According to industry sources and foreign media, ..

News > Shipping > 2025-04-28 12:48:48

RCL orders four new boxships worth $370m

Regional Container Lines (RCL) has ordered four new container vessels worth $370m from Chinese shipyards, further strengthening its growing fleet. According to industry sources and foreign media, the Bangkok-listed owner has signed a..

News > Shipping > 2025-04-28 10:47:00

BV classes methanol-ready tankers

Bureau Veritas Marine & Offshore (BV) is reinforcing its commitment to sustainable shipping by classing a series of methanol-ready oil and chemical tankers for Union Maritime, which are currently being equipped with wind propulsion ..

News > Shipping > 2025-04-25 15:25:12