News
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SK Shipping Sale Collapses, HMM Loses Preferred Bidder Status
Hahn & Company, the majority stakeholder in SK Shipping, has officially terminated HMM’s status as the preferred negotiator for the…
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Houthis sink aid ship from Somalia, detain 10 crew members
Mogadishu (HOL) — A recent attack by Yemen’s Houthi rebels has resulted in the sinking of the MV Eternity C,…
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Eco Marine Power Launches Evaluation of Advanced Solar Power
Eco Marine Power Co., Ltd. has initiated evaluation trials for its upgraded solar power system, Aquarius Marine Solar Power. These…
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Coast Guard Moves to Boost Icebreaker Fleet
The U.S. Coast Guard is taking significant steps to enhance its icebreaker fleet with the upcoming acquisition of new vessels…
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Floating data centres become a new segment for shipping to pursue
The surge in global data processing and storage needs is driving innovation in the tech industry. As land-based infrastructure faces…
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P&I cover at risk over incorrect chemical cargo storage
Ship owners, operators, and charterers are being urged to take immediate action regarding the handling of flexible intermediate bulk containers…
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EnerMech wins two-year deal at BP Trinidad and Tobago
EnerMech, a UK-based oilfield services company, has successfully secured a two-year extension for its contract with BP Trinidad and Tobago.…
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‘Unexciting’ container market sees liner CFOs adjusting full-year forecasts
The global container shipping market is bracing for a challenging second half of 2025, as weak demand, overcapacity, and fluctuating…
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Diana Shipping reaches near 10% stake in Genco
In a significant move within the shipping industry, Greek dry bulk owner Diana Shipping has expanded its investment in Genco…
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Safe Bulkers posts $1.7m profit in Q2 despite weaker rates and higher costs
Safe Bulkers, a Limassol-based shipping company listed on the New York Stock Exchange, has managed to report a profit in…
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