Canada’s Pacific LNG Era Locks In With Kitimat Phase One Complete
LNG Canada’s first phase at Kitimat has now reached full construction handover, with both liquefaction trains delivered and the plant already exporting cargoes from Canada’s west coast. That makes Canada a long term LNG...
China One Trillion Dollar Trade Surplus Reshapes Global Container Flows
China’s trade surplus hitting the one trillion dollar mark in 2025 is not just a macro headline. It reflects a shift in where Chinese exports are going, with softer volumes to the United States...
COSCO’s $7bn, 87-ship Megaprogram Rewires Future Capacity across Tankers, Bulk and Boxes
China COSCO Shipping has signed a framework with China State Shipbuilding Corp (CSSC) for 87 new vessels worth more than RMB 50 billion, or a little over $7 billion. The program spans ultra large...
Red Sea Lane Back In Play as CMA CGM Tests Suez Return
After almost a year of widespread container diversions around the Cape of Good Hope, CMA CGM is starting to route its INDAMEX service back through the Red Sea and Suez Canal on both headhaul...
FSB Security Checks and Hull Dives Slow Foreign calls at Russian Ports
Russia has tightened control of foreign ships calling at its ports, with new rules that require Federal Security Service (FSB) clearance for every arrival from a foreign port and allow for mandatory underwater hull...
HD Hyundai’s $2bn India Mega-Yard Aims to Reset Global Newbuild Map
HD Hyundai is reported to be preparing a multibillion-dollar greenfield shipyard project in southern India, with planned investment around $2bn. For owners and financiers, the significance is less about one site and more about...
Liner Heavyweights Circle ZIM as Takeover Battle Heats Up
Reports that Hapag-Lloyd has submitted a bid for ZIM, with MSC and Maersk also linked to possible offers, have pushed the Israeli carrier into the center of a major consolidation story. Any deal would...
Exchange Of Fire Off Yemen Puts Bab el Mandeb Back In The Spotlight
A bulk carrier transiting close to the Bab el Mandeb has reported an exchange of fire with around fifteen small boats about 15 nautical miles west of Yemen. According to UKMTO and security sources,...
Bulker Newbuild Tap Runs dry as orders sink to five-year low
Global contracting for new dry bulk carriers has dropped sharply in 2025, with just about 25 million dwt of bulker newbuildings ordered between January and November, a 54% year-on-year fall and the lowest level...
China Container Volumes Reset the Bar as Shanghai and Ningbo-Zhoushan pass 90M TEU
Despite trade tensions and policy noise, China’s box volumes are still climbing. Shanghai has crossed the 50 million TEU mark for 2025 a month earlier than last year, while Ningbo-Zhoushan has passed 40 million...
Capesize Earnings Break $45,000 As Year-End Tightness Bites
Capesize earnings have surged to their strongest levels in roughly two years, with the Baltic C5TC benchmark jumping around 16% in a single day to just under $45,000 per day and more than triple...
Zodiac Maritime lines up $1.6bn VLCC and Boxship Wave at Jiangsu New Hantong
Eyal Ofer’s Zodiac Maritime has committed to a multi segment newbuilding program of about $1.6 billion at China’s Jiangsu New Hantong Ship Heavy Industry, covering crude and container capacity for delivery from the second...
Pirates: LPG Crew Kidnapping off Equatorial Guinea revives Gulf of Guinea Piracy Risk
A Portugal-flagged LPG carrier, CGas Saturn, was boarded by armed pirates about 50 nautical miles west of Mbini, Equatorial Guinea, while sailing toward Malabo. Security reports indicate that most of the crew were taken...
Black Sea Risk Escalates As Kremlin Floats Retaliation On Allied Shipping
Recent statements from Moscow have pushed Black Sea risk up a notch. The Kremlin has condemned a surge of attacks on Russian commercial vessels as “piracy” and warned it may consider retaliatory measures against...
Wind Sails to be Deployed on Supertankers in 2028: Idemitsu Bets On Norsepower VLCC Pair
Idemitsu Tanker has ordered two methanol ready VLCC newbuilds in Japan that will each carry a pair of Norsepower rotor sails from delivery at the end of 2028, marking the first time VLCCs will...
South Africa’s cartel case shakes Asia–Africa box trades as Eight Liner Giants Face GRI probe
South Africa’s Competition Commission has sent a decade-long price-fixing case to the Competition Tribunal that targets the local units of eight major container lines. Regulators say the carriers coordinated general rate increases on routes...
Ship Finance Shifts as Leasing Multilaterals and Blue Bonds Rebalance Capital
Recent announcements from Chinese leasing houses, Indian policymakers, multilateral banks and bond markets all point in the same direction, capital is still available for shipping, but it is becoming more segmented and more demanding....
Ship Recycling Facing Weak Prices and Tough Rules
Ship recyclers are ending 2025 in a strange mix of tight supply and weak pricing. Subcontinent yards in India, Pakistan and Bangladesh are struggling to keep offers near 400 dollars per LDT as steel...
Turkey’s Quiet Pivot On Russian Oil Shakes Up Med Crude Trades
Turkey has sharply cut its purchases of Russia’s flagship Urals crude in November, trimming volumes by around 100,000 barrels per day to about 200,000 bpd, according to Kpler and LSEG data. That is a...
Methanol’s Big Test: DNV Says The Fuel Is Ready, But The Numbers Still Hurt
DNV’s new white paper on methanol fuel makes a simple but important point for shipowners: technically, methanol is now a workable, scalable fuel for deep-sea ships, with engines and systems at high readiness and...