News
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Shipping Industry Faces Turbulent Waters Ahead
The global shipping industry is grappling with significant challenges as freight volumes and earnings decline. Eli Glickman, CEO of ZIM,…
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Chinese Demand Shifts Shipping Earnings in August
In August, the shipping market witnessed notable fluctuations, largely driven by Chinese demand for commodities. While Chinese buyers continued to…
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Maine Maritime Academy’s New Federal Training Vessel Christened at Hanwha Philly Shipyard
The U.S. Maritime Administration (MARAD) recently marked a significant milestone with the christening of the State of Maine at Hanwha…
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Hanwha to boost capacity at Philly Shipyard with $5 billion expansion
In a significant move to bolster its presence in the U.S. maritime industry, Hanwha Group has announced a $5 billion…
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Hanwha Group Unveils $5 Billion Shipyard Investment
South Korea’s Hanwha Group has announced a significant $5 billion investment plan for the Hanwha Philly Shipyard, marking a crucial…
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US-South Korea Forge Shipbuilding Agreements Amid Trade Talks
During a pivotal visit to the United States, South Korean President Lee Jae Myung announced the signing of 11 non-binding…
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Carriers reroute fleets to sidestep US levy
As the shipping industry prepares for impending port fees targeting China-linked vessels, fleet realignments are already underway. The U.S. Trade…
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Asyad sets hydrogen corridor, net-zero course
MUSCAT, AUG 25: Asyad Group, Oman’s integrated logistics provider, has launched an ambitious sustainability plan aimed at achieving net-zero emissions…
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Greek Shipping Dominates Global Fleet Amid Growth
Greek shipowners continue to assert their dominance in the maritime industry, controlling 21% of the world’s merchant fleet with a…
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Seadrill JV nets two Angola contracts
Seadrill’s joint venture, Sonadrill, has announced significant new contracts in Angola, marking a robust expansion in the region’s drilling activities.…
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