"On 1 September 2026, the global shipyard order book reached an estimated 203.2m Compensated Gross Tonnage (CGT), up 13% from 180.0m CGT a year earlier,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.This is slightly below the all-time high of 210.4m CGT reached in May but remains above the previous record of 195.4m CGT from 2008.Much of the growth has been captured by Chinese shipyards, who secured 74% of the CGT contracted during the past year. This has further strengthened China’s position as the world’s largest shipbuilding nation.
Canada Pension Plan Investment Board (CPP Investments) and OMERS have agreed to sell their combined 63.9% stake in Associated British Ports (ABP) to a fund managed by IFM Investors, in a deal expected to close in the first half of 2027.Under the agreement announced on October 21, CPP Investments will sell its entire 33.9% holding, while OMERS will dispose of its 30% stake in the UK ports operator.IFM Investors is a global asset manager, founded and owned by Australian pension funds and the UK pension fund, Nest, with capabilities in infrastructure equity and debt, private equity
The Port of Los Angeles recorded its lowest emissions per container on record in 2025, continuing a two-decade decline in air pollution even as container throughput remained near historic highs.According to the port's newly released Inventory of Air Emissions, diesel particulate matter (DPM) emissions declined 2% in 2025 compared with 2024, while nitrogen oxides (NOx) fell 4%, sulfur oxides (SOx) decreased 5% and greenhouse gas emissions dropped 3%. The NOx reduction brought annual emissions to their lowest level since the port began tracking air pollution in 2005.
Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together traditional employee benefits with specialist Crisis Response protection, designed for companies employing personnel working in the international energy and offshore sectors.The launch represents an expansion for Crewsure, as the company already provides specialist MLC crew benefits for personnel working aboard drilling ships and other maritime assets.
Bayonne Drydock & Repair Corp. has secured a $673,123 grant from the U.S. Maritime Administration (MARAD) to upgrade surface preparation equipment and expand workforce training at its ship repair facility in the Port of New York and New Jersey.Awarded through MARAD's Small Shipyard Grant Program, the funding will be combined with the shipyard's own investment to purchase automated ultra-high-pressure hydro-blasting and surface preparation equipment.
Oil prices climbed about 2% to a five-month high on Thursday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the key exporting region.Brent futures rose $2.42, or 2.2%, to $111.24 a barrel at 10:45 a.m. EDT (1445 GMT), while US West Texas Intermediate (WTI) crude rose $1.14, or 1.2%, to $98.29.That drove Brent into technically overbought territory for a third time in a week and set for its highest close since May 18.
Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight."The normalization of Arab Gulf oil exports has been volumetric rather than logistical, with unprecedented shipping inefficiencies keeping delivered crude costs elevated," Citi saidMore than 1 million barrels per day of Gulf crude exports were moved via ship-to-ship transfers in September, equivalent to about 7.5% of regional flows, compared with virtually none before the US-Iran conflict.
Greece and Egypt are discussing extending their Exclusive Economic Zone eastwards towards Cyprus after eastern Libya's parliament ratified a disputed maritime agreement with Turkey earlier this week, Greece's foreign minister said.Greece, Egypt and Cyprus have long opposed the Turkey-Libya maritime accord, arguing that it infringes on their own maritime claims in the eastern Mediterranean.Any extension of the Greece-Egypt agreement would be fully in line with international law and the United Nations Convention on the Law of the Sea (UNCLOS)
Windward intelligence report highlights tanker and tug attacks, threats to subsea cables, an emerging oil spill and a sanctioned Russian tanker testing U.S. naval restrictions.Maritime security risks across the Strait of Hormuz, Arabian Gulf and Gulf of Oman are expanding beyond attacks on commercial tankers, with threats now extending to subsea communications infrastructure, offshore support vessels and coastal facilities.
The National Ocean Industries Association (NOIA) has named the American Bureau of Shipping (ABS) and Ørsted the winners of the 2026 NOIA Environmental, Social, & Governance (ESG) Excellence Awards. ABS is the winner of the Service, Supply & Support category, while Ørsted is the inaugural winner of the new Operators & Developers category.The NOIA ESG Excellence Award recognizes companies whose actions, design, or influence advance the ideals embodied by the NOIA ESG Principles.
Miros, a Norwegian specialist in radar-based real-time ocean surface measurement, has introduced a 3D vessel view providing crews and operators with a consolidated view of the accurately measured sea state surrounding their vessel. The new 3D interface in WaveSystem, a wave monitoring system for weather-critical offshore vessel operations, shows where each wave measurement is taken. It brings each installed measurement source, its measurement area and the key wave values together in one intuitive display, providing a bird’s-eye view of the sea state data most relevant to safeguard operations.
Ports should begin preparing for advanced nuclear technologies, including nuclear-powered ships, floating power plants and small modular reactors (SMRs), according to a joint report from Lloyd's Register (LR) and the British Ports Association (BPA).The report, Advanced Nuclear Technology Use Within Port Environments, examines how nuclear technology could support growing port energy requirements while creating opportunities in shipbuilding, vessel maintenance, industrial power generation and alternative fuel production.