Latest News
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Shipbuilding
Colombo Dockyard’s SGIP Shipbuilding Drive Reshapes Maritime Economy
Colombo Dockyard PLC (CDPLC), a prominent player in Sri Lanka’s heavy engineering and shipbuilding industry, is making waves in the…
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Shipbuilding
U.S. Military Operation Captures Venezuelan Leader Nicolás Maduro
In a significant military operation, Venezuelan President Nicolás Maduro has been captured by U.S. forces during a raid in Caracas.…
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Bulk Carrier
Taiwan Rescues Crew from Tug Sent to Rescue Grounded Bulker
On January 1, 2023, the bulk carrier *CSE Prosperity Express* ran aground while approaching Hualien Port in Taiwan. The vessel,…
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Bulk Carrier
Baltic Sea on High Alert Amid Sabotage Concerns
The Baltic Sea region is experiencing heightened tensions following a series of outages affecting power cables, telecom links, and gas…
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Shipbuilding
Baltic states on high alert after fresh subsea cable damage incidents
Baltic nations are on high alert following a series of attacks on subsea infrastructure, with Latvia and Finland investigating incidents…
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News
Alang Shipbreaking Yard Sees Significant Increase in End-of-Life Ships in 2025
In 2025, Gujarat’s Alang shipbreaking yard, one of the largest in the world, experienced a notable 21% increase in the…
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Shipbuilding
Tanker trade freezes as Maduro arrest deepens Venezuela oil paralysis
The global tanker market is facing significant disruptions following the dramatic arrest of Venezuelan President Nicolás Maduro by U.S. forces…
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Safe Bulkers Declares $0.50 Quarterly Dividend
Safe Bulkers, Inc. has announced a quarterly cash dividend of $0.50 per share on its Series C and Series D…
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Bulk Carrier
Capital Maritime Expands Fleet with Newbuilding Contracts in China
Greek shipowner Evangelos Marinakis is advancing his shipbuilding ambitions through Capital Maritime, which has recently secured a significant newbuilding contract…
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Shipbuilding
Scorpio Tankers Secures Major Charter Deal
Scorpio Tankers, based in Monaco, has successfully secured five-year charters for two of its LR2 product carriers at an impressive…
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