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Shipbuilding
US Navy Budget Seeks Major Shipbuilding Boost
The Pentagon’s proposed Fiscal Year 2027 budget aims to significantly enhance the US Navy’s shipbuilding capabilities, requesting a 39% increase…
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Bulk Carrier
India-Flagged LPG Tanker Successfully Transits Strait of Hormuz Amid Regional Tensions
New Delhi – The Indian liquefied petroleum gas (LPG) tanker, Green Sanvi, has successfully navigated east of the Strait of…
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Shipbuilding
White House Seeks $65.8 Billion for Naval Expansion
The Biden administration has proposed a significant increase in naval shipbuilding funding for fiscal year 2027, requesting nearly $65.8 billion,…
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Bulk Carrier
Strong Demand Drives Bulk Carrier Prices Up Amid Geopolitical Tensions
The sale and purchase market for bulk carriers has shown resilience this week, with asset prices for large bulkers on…
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Shipbuilding
China’s Shipbuilding Boom: Reactivated Yards Surge
China’s shipbuilding industry is experiencing a remarkable resurgence, marked by the reactivation of dormant shipyards and significant expansions among established…
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Shipbuilding
Indian Navy Bolsters Fleet with New Warships
In a significant boost to its maritime capabilities, the Indian Navy received three new vessels in a single-day handover from…
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Bulk Carrier
North Korean Vessel’s Voyage to China Raises Concerns Over Sanctions Compliance
A North Korean bulk carrier, the Puyun 6, recently made a significant journey to China, highlighting ongoing concerns regarding the…
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Marine Accident
Iran Threatens US Firms Amid Escalating Conflict
In a significant escalation of tensions, Iran’s Revolutionary Guards announced plans to target 18 US companies, including tech giants like…
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Shipbuilding
Norwegian Armed Forces to Modernize Fleet with New Vessels
The Norwegian Defence Material Agency (NDMA) has awarded a significant contract to Salt Ship Design and Kongsberg Defence & Aerospace…
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Bulk Carrier
Escalating Tensions in the Gulf: Iran’s Threats to Maritime Trade
The ongoing conflict involving Iran has raised significant concerns for global trade, particularly through the Strait of Hormuz, a crucial…
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