The shipping industry continues to experience significant fluctuations, as supply and demand dynamics shape freight rates across various sectors
CNOOC has announced a major oilfield discovery in the Bohai Sea, revealing over 100 million tons of oil equivalent, marking a significant step in China’s offshore oil production efforts.
A cargo ship, MV Castphill XV, caught fire in Manila Bay, leading to a dramatic rescue of all twelve crew members by the Philippine Coast Guard. The cause of the fire is under investigation.
Shipyards
HD Hyundai is significantly expanding its shipbuilding operations in Vietnam through strategic acquisitions and substantial capacity investments. This move aims to bolster its competitive edge …
Shanghai unveils an ambitious plan to transform Changxing Island into a global shipbuilding powerhouse by 2027, focusing on high-value vessels and technological breakthroughs.
Shipping Companies
Explore the top 10 tanker shipping companies in 2025 by fleet size and specialization. Discover key players in crude and product tanker fleets, market trends, …
June 2025 | Victoria, British Columbia — In a significant move to modernize its aging fleet and meet growing passenger demand, BC Ferries has announced the procurement of four …
Classification Societies
Comoros accuses an EU-sanctioned ship register of fraudulent flagging practices, raising concerns about maritime security and sanctions evasion
The 2025 Maritime Safety Report by DNV has revealed a concerning trend. A 42% increase in maritime safety incidents between 2018 and 2024, despite only a modest 10% growth …
Marine Engines
Learn how decarbonization requires innovations in Maritime Propulsion
MAN Energy Solutions has announced the upcoming delivery of the world’s most powerful two-stroke methanol engine, which is set to revolutionize the maritime industry. This …
