Mitsui OSK Lines & Kristian Jebsen in Gearbulk Takeover Deal

MOL, Japan's leading shipowner, is set to acquire Gearbulk from Kristian Jebsen, with the transaction expected to finalize by January 2025.

Panama Canal Announces Increase in Daily Transits

The Panama Canal has announced an increase in the number of daily transits rising from a total of 32 to 33, effective from July 11th.

LPG/Ammonia Carrier Order for Tianjin Southwest Maritime

Tianjin Southwest Maritime has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding to commission larger ammonia dual-fuel gas carriers.

ONE Modern is First Vessel on West India North America Route

ONE Modern has become the inaugural vessel for the new West India North America service, establishing a route between India and ports in Georgia.

Euroseas Enters Time Charter Contract for Newbuild Feeder

The Nasdaq-listed Greek boxship owner, Euroseas, has secured a time charter contract for a new feeder ship that is currently being built.

WSC Annual Report Shows Record Low of Containers Lost at Sea

The World Shipping Council has published its annual report on containers lost at sea, noting a substantial decrease to 221 boxes lost in 2023.

Global Liner Fleet Hits 30M TEU for First Time in History

Per Alphaliner data, the global liner vessel fleet has surpassed 30M TEU for the first time, driven by a surge of newbuilds from Asian shipyards.

LNG & Container Ship Orders Push Delivery Dates into 2029

Orders for LNG carriers and container ships continue to dominate the order books at Asian shipyards with brokers reporting an increase in orders.

Further Raft of Shipping Sanctions for Russia During G7

As G7 leaders meet in Italy this week, a new series of coordinated sanctions against Russia have been making headlines, many affecting shipping.

MSC Vessel Hit with Arrest Warrant After Speeding Incident

The US Court issue arrest warrant for MSC Michigan VII following a lawsuit by a terminal operator claiming the vessel damaged a Charleston Pier.

Four New Chemical Tanker Newbuilds for Alita Shanghai

Alita Shanghai International Shipping is expanding its fleet of stainless steel chemical tankers by commissioning up to four new ships.

China and Russia Partner to Create Arctic Liner

Gulf Energy Maritime Returns to South Korea for New MR Tankers

Gulf Energy Maritime, who specializes in commercial product and chemical tankers, has placed an order for MR vessels at HD Hyundai Mipo Dockyard.

Unseaworthy Bulk Carrier Given 3 Month Australia Ban

AMSA have announced that the bulk carrier Peace has been banned from Australian ports for three months due to being deemed unseaworthy.

Main Baltimore Shipping Channel Due to Reopen at Weekend

The main shipping channel into Baltimore port will reopen this weekend, 75 days after a 9,962 TEU containership lost power and hit a bridge.