AEVEX’s $650 Million BlackSea Deal Turns Drone Boats Into a Defense Scale Race
AEVEX has completed its acquisition of BlackSea Technologies, closing a deal worth up to $650 million and giving the defense technology company…
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Greece Finalizes Acquisition of Two Italian FREMM Frigates With 2028 and 2029 Deliveries
Greece and Italy have formally activated the transfer of two Italian Navy Bergamini-class FREMM frigates, completing the legal, financial and technical framework…
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Hanwha Ocean Takes Lead in Thailand’s $509M Frigate Deal With OCEAN-40F
Hanwha Ocean has been selected as the preferred bidder for the Royal Thai Navy’s next-generation frigate program, putting the South Korean shipbuilder…
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Oil Nears $100 as Houthi Strikes Halt Saudi Energy Operations and Put Red Sea Export Route Back at Risk
Oil moved back toward $100 a barrel Tuesday after a wave of Houthi missile and drone attacks struck southern Saudi Arabia and…
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Kongsberg Maritime to Acquire Steerprop, Adding Arctic Propulsion Specialist in Second Deal in 57 Days
Kongsberg Maritime has agreed to acquire Finnish propulsion specialist Steerprop, adding one of the strongest independent suppliers of high ice-class azimuth propulsion…
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Hapag-Lloyd Reshapes ZIM Bid as Israel Demands More Maritime Control
Hapag-Lloyd’s $4.2 billion ZIM takeover is no longer just a container-line acquisition. It has become a test of national shipping control, emergency…
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HMM’s $3.4B Vale Deal Turns Green Newcastlemaxes Into Long-Term Revenue
HMM’s new Vale contract is not a normal dry-bulk fixture. It is a 25-year-per-ship revenue lock tied to eight 210,000 dwt Newcastlemax…
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CMA CGM Takes 40% Stake in $434M Jeddah Terminal 4 as RSGT Capacity Jumps 42%
CMA CGM and Red Sea Gateway Terminal have moved their Jeddah expansion from a preliminary term sheet to definitive agreements, committing approximately…
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Japan’s Shipyard Revival Gets Its First $1.36 Billion Push
Japan’s Ministry of Land, Infrastructure, Transport and Tourism has approved the first projects under the country’s shipbuilding revival fund, committing up to…
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IMO Carbon Price Heads for December 4 Showdown as 38 States Back Pricing and U.S.-Saudi Opposition Holds
Shipping’s proposed global greenhouse-gas pricing system survived another difficult week at the International Maritime Organization, but the September negotiations ended without the…
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Iran’s New Hormuz Zone Plan Sends Tanker Traffic to May Lows
Iran’s plan to publish maps for a new restricted Gulf zone and Hormuz shipping corridor has turned the strait into a fresh…
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Drewry WCI Holds Flat as U.S. Lanes Rise and Europe Slides
Drewry’s latest World Container Index update showed the composite rate holding steady at $4,465 per 40ft container on September 3, with higher…
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Maritime Conflict Update: Hormuz Traffic Falls as Red Sea and Black Sea Risks Widen
The September 4 maritime conflict board looks less like one crisis and more like a chain reaction across the world’s pressure corridors.…
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Ship Recycling Prices Rise as Vessel Supply Dries Up: Global Market Update, September 2026
Global ship recycling entered September with an unusual imbalance: yards want ships, but owners are still reluctant to sell them. Pakistan currently…
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COSCO Rejects U.S. Spy-Ship Claims as “Totally Unforeutunded” as Security Scrutiny Deepens Around Chinese Merchant Fleet
COSCO SHIPPING has issued an unusually forceful denial of U.S. allegations that some of its commercial vessels carry concealed signals-intelligence equipment capable…
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Ray Car Carriers’ $1B China PCTC Order Signals a New Phase in Car-Carrier Shipbuilding
Ray Car Carriers’ move into China for a $1 billion-plus batch of LNG dual-fuel car carriers looks like more than another large…
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UK Proposes New Legal Navigation Duties for Masters and Owners as 2027 SOLAS Rewrite Expands Liability
The UK Maritime and Coastguard Agency has opened a four-week consultation on a major rewrite of its merchant-shipping navigation rules that would…
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Black Sea Ships Add Nets and Water Tanks as Drone War Reaches Merchant Decks
Commercial ships moving through the Bosphorus from the Black Sea are now being seen with improvised anti-drone protection fitted to hulls, stern…
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Saudi Crude Exports Collapse 59% to Nine-Year Low as Tanker Threats Hit Both Export Routes
Saudi Arabia’s observed crude exports fell to roughly 3.0 million barrels per day in August, the lowest level in tanker-tracking records going…
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World’s First Ethanol-Powered VLOC Moves Closer to Reality as Everllence Clears G80 Engine Test
Everllence has successfully tested and verified the G80 ME-LGIMe ethanol-capable two-stroke engine intended for the third vessel in Shandong Shipping’s ten-ship Guaibamax…
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