Hudong-Zhonghua to double LNG carrier capacity by 2030 amid 57 orders
Hudong-Zhonghua plans to double LNG carrier capacity by 2030 with 57 orders, impacting global shipbuilding and LNG transport markets amid rising demand.
VLCC Rates Soar to 21-Year High After Hormuz Closure in March 2026
VLCC rates from Middle East to Asia hit 21-year high in March 2026 after Iran closed Strait of Hormuz, increasing voyage distances by 40% and operational costs.
Strait of Hormuz Visible Traffic Drops 80% in 24 Hours, Spurs ‘Dark’ Navigation
Strait of Hormuz AIS-visible traffic fell 80% to 16 vessels, with 427 ‘dark’ AIS-off events and GPS interference affecting 1,100+ ships, while oil exports divert via alternative routes.
Wan Hai Achieves 18.9% Operating Margin as Container Sector Falls to 5.3% in Q4 2025
Container shipping’s operating margin fell to 5.3% in Q4 2025, with Wan Hai leading at 18.9% due to intra-Asia trade and a young fleet of 9 years average age.
Samsung Heavy Industries secures $577M LNG carrier deal with three March orders
Samsung Heavy Industries signs 770.1 billion won deal for two LNG carriers, totalling three orders in March, highlighting energy transition demand.
Palamós Port Seeks Mallorca Ferry Route After Cartagena and Gandía Failures
Palamós Port explores ferry link to Alcúdia, Mallorca, using existing cruise and ro-pax infrastructure after failed attempts in Cartagena and Gandía.
Cadeler’s Nexra Wins 2026 Taiwan O&M Deal with Wind Maker Vessel
Nexra secures a 3-year O&M contract in Taiwan for 2026, using the Wind Maker vessel for two offshore wind farms, enhancing Cadeler’s position in Asia’s renewable energy market.
IMO Condemns Strait of Hormuz Attacks and Demands Safe-Passage Framework
IMO condemns attacks on merchant vessels in the Strait of Hormuz, urging a safe-passage framework to safeguard 20-30% of global oil shipments.
Hidden Marine Engine Costs Slash Fleet Profits: 15-20% Maintenance Impact
Marine engine maintenance costs 15-20% of operational budgets, with major overhauls over €1M and environmental rules adding 10-15%. Learn how hidden expenses impact fleet profitability.
Ferry Operators Demand Ibiza Quota Review with Updated 2025 Data
Baleària, GNV, and Trasmed demand updated 2025 data for Ibiza’s 2026-27 vehicle quota to protect low-emission vehicles and ensure operational viability.