Amon Maritime was awarded investment grants of NOK 298 million ($29m) from Enova to support the construction of three new ammonia-fueled bulk carriers.The vessels, each in the Kamsarmax segment with a capacity of approximately 80,000–85,000 DWT, are designed to combine high energy efficiency with carbon free fuel.
Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The first vessel to complete a full service loop via Suez Canal will be CMA CGM Verdi, sailing from Karachi to New York on 15 January.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract to build two liquefied natural gas (LNG) carriers for a North American shipowner.The order is valued at 741.2 billion won (about $507 million), HD KSOE said.The vessels will be constructed by HD Hyundai Samho and are scheduled for delivery in 2028.
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
The commissioning of China's latest aircraft carrier this week marks a new chapter in its military modernisation effort but security analysts and regional diplomats say tough challenges lie ahead before it can be made fully operational.President Xi Jinping attended the commissioning and flag-presenting ceremony of the Fujian in Hainan province on Wednesday
The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas."While some observers believe the October 14 deadline may be extended - or even scrapped - as part of broader negotiations
Italian shipping firm Grimaldi Group has welcomed the second ammonia-ready pure car and truck carrier (PCTC), Grande Tianjin, from Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation Limited (CSSC).The delivery of a 9,000-car capacity PTCT built for Grimaldi Group also marks SWS's 600th vessel or offshore platform since its inaugural delivery, the 150
Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States. It is slated for delivery in the first half of 2028.
Mitsui O.S.K. Lines (MOL) has taken delivery of the Kohzan Maru VII, a newbuilding dual-fuel methanol carrier, which will serve Mitsubishi Gas Chemical Company (MGC) under a long-term charter.The Kohzan Maru VII was delivered at HD Hyundai Mipo shipyard, where the naming ceremy took place.
The U.S. Navy aircraft carrier Harry S. Truman (CVN 75) has collided with a merchant vessel near Egypt, the U.S. military said on Thursday, though the nuclear-powered carrier was stable and there were no injuries.In a statement, the U.S. Navy said the carrier Harry Truman collided with the Besiktas-M late Wednesday night while operating near Port Said in Egypt.
Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.This is the eighth contract for LNG carrier signed with JERA. The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries, and is scheduled for delivery in 2026.It will be 290 meters long, with a breadth of 45.8 meters.
A Norwegian shipping company rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.Medvedev accused the Norwegian-flagged Oslo Carrier 3 of not coming to the aid of sailors on board the Ursa Major cargo ship