China’s Shipbuilding Share Drops as Global Orders Decline
Chinese shipyards experienced a sharp decline in their share of global shipbuilding contracts, falling from 72% to 52% in the first half of 2025.
Corporate News
Port of LA Sets June Record Amid Early Holiday Shipments
The Port of Los Angeles processed 892,340 Twenty-Foot Equivalent Units (TEUs) in June, achieving an 8% rise over the same month in 2024.
New Cruise Terminal Planned for Brazil's Port of Santos
The Port of Santos in Brazil could soon feature a new cruise terminal and tourism hub as part of the ambitious Santos Vivo initiative.
Fugro Signs 7-Year Deal for Offshore Surveys with EirGrid
Dutch geotechnical firm Fugro has secured a seven-year framework contract with EirGrid, Ireland’s state-run electricity transmission company.
Vintage VLCC City of Tokyo Sold for Record $41 Million
The secondhand tanker market continues to surge with a 21-year-old VLCC reportedly selling for $41 million - a record for a vessel of its age.
Nice Court Blocks Mayor’s Bid to Limit Cruise Ship Visits
Court in Nice strikes down order issued by Mayor Christian Estrosi to restrict cruise ship arrivals, ruling he overstepped his legal authority.
Chartworld Eyes 3,100 TEU Boxship Deal at New Dayang Yard
Greek shipowner Chartworld Shipping is preparing a return to the newbuilding market with plans to expand its container vessel portfolio.
Korean Officer Honored with 2025 IMO Bravery Award
Officer Lee Tae-Young named recipient of the 2025 IMO Award for Exceptional Bravery at Sea for his courageous actions in rescuing 12 fellow crew.
Ørsted Secures $3 Billion for Taiwan Offshore Wind Farm
Ørsted has secured TWD 90 billion in project financing for its 632MW Greater Changhua 2 offshore wind farm, located off the coast of Taiwan.
Avolta Unveils Cutting-Edge Retail on Norwegian Aqua
Avolta has launched a state-of-the-art shopping experience aboard Norwegian Cruise Line’s latest vessel, the cruise ship, Norwegian Aqua.
MSC to Add Greek Port Tax to Guest Accounts Starting 2025
MSC Cruises has notified its passengers of a newly implemented cruise tax for visits to Greece, taking effect from July 21st, 2025.
Panama Canal Recovers as Rainfall Stabilizes Operations
While the Red Sea once again dominates maritime headlines, another key global shipping passage has quietly returned to full operational strength.
Cape Town Marks Record-Breaking 2024-25 Cruise Season
As the 2024-25 cruise season wraps up Cape Town is celebrating a record-setting year that highlights its rising status as a cruise destination.
Norwegian Ships to Swap Ports for Winter 2026-27
Norwegian Cruise Line has announced a change in deployment plans for two of its vessels for the upcoming 2026-2027 winter cruise season.
Heineken Boosts Draught Beer Training Across Cruises
Heineken has announced it will accelerate its draught beer training initiative for cruise line staff through its Passion & Quality Training program
DecarbonICE Pushes Dry Ice CO2 Shipping as Cost Saver
Danish company DecarbonICE is advancing efforts to establish a complete value chain for transporting carbon dioxide in its solid state: dry ice.
Cunard Sees Major Booking Surge with 2027 Itinerary Launch
Cunard announces rise in bookings following debut of 2027 voyage program, a 55% increase in nights booked in first week compared to same for 2026
AIDA Hosts Youth Basketball Camps with Seawolves This Summer
AIDA Cruises reveals plans to team up with the Rostock Seawolves, a Basketball Bundesliga team, to host two youth basketball camps aboard AIDAnova
Two Sailors Charged by Singapore in Hafnia Nile Collision
Singapore’s Maritime and Port Authority has charged two sailors in connection with the fatal collision involving the Hafnia Nile on July 19, 2024
Loïc Van Staey Named New Head of Belgian Shipowners Group
The Royal Belgian Shipowners’ Association (KBRV) has appointed Loïc Van Staey as its new managing director, marking a shift in leadership.