The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest ...

Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, ...

Ocean Network Express (ONE) has advised that the owners of the ONE Henry Hudson have declared general average in relation to the fire that hit it while docked at the port of Los Angeles 10 days ago.

Pierre Aury gives readers a renewable fuels guide. As the International Maritime Organization has decided to postpone by one year the approval of its proposed Net Zero Framework (NZF) we have decided ...

Shipping is standing on the edge of its biggest productivity shift in a generation – and this time, it’s not driven by a new hull design or fuel type, but by artificial intelligence. After years of ...

The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day ...

New York-listed boxship owner Global Ship Lease (GSL) has moved to expand its fleet, striking a deal to buy three 8,600 teu vessels for a combined $90m. The vessels — Korean-built in 2010 and 2011 and ...

The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two mutual insurers. The clubs have worked closely together for ...

UK engineering group Wood has landed a $27m EPCI contract from Equinor to upgrade key infrastructure tied to the Snorre field in the Norwegian North Sea. The scope covers topside modifications and ...

Havila Shipping has secured more work with Equinor after the Norwegian energy major exercised fresh options on one of the owner’s platform supply vessels. The latest extension covers the PSV Havila ...

BW Group chairman Andreas Sohmen-Pao has boosted his control of Cadeler after a fresh share purchase lifted his stake in the Danish offshore wind vessel giant to more than 27% BW Altor, a ...

For an industry more used to stacking boxes for efficiency than festivity, the UK’s Cuboid Self Storage has given shipping containers a seasonal makeover by unveiling what it claims is the world’s ...