Yangzijiang Maritime Development has ordered 24 vessels from various Chinese shipyards for delivery between 2028 and 2030, expanding its newbuild portfolio across bulk carriers, chemical and product tankers and large oil tankers.The new orders comprise six 64,500-dwt bulk carriers, six 49,800-dwt product oil and chemical tankers, four 28,000-dwt stainless steel chemical tankers, four 29
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings will follow recent divestments of the AmFELS yard in Texas and the GNL Platform Supply Vessels disclosed in 2025, alongside additional transactions earlier.
Mitsui O.S.K. Lines (MOL) has taken delivery of a new liquefied petroleum gas (LPG) dual-fuel very large gas carrier (VLGC), Energia Grandeur.The vessel was ordered by MOL group company MOL Energia from Hyundai Samho Heavy Industries, with delivery taking place off Mokpo port in South Korea on January 29, 2026.
The CMA CGM Group recently received its 400th owned vessel, the CMA CGM Monte Cristo, the first in a series of six methanol container ships.This key milestone reflects the Group’s long-term investment strategy, built on asset ownership and the integration of advanced technologies to enhance the environmental and operational performance of its fleet.
Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as they were on their way to load crude at a terminal on Russia's coast, sources told Reuters.The attacks come as Kazakhstan's oil production, most of which is exported via the terminal, cratered in early January.It was not immediately clear who was behind Tuesday's strikes.
China's trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump's tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging.Shipments to the United States dropped by close to one-third from the same month a year before."The tariff cuts agreed under the U.S.
Malaysian patrols searched coastal waters in the Andaman Sea on Monday for dozens of members of Myanmar's persecuted Rohingya minority, after a boat believed to be carrying them sank last week and another went missing.At least 21 bodies have been found since the vessel went down on Thursday - 12 in Malaysia and nine in neighbouring Thailand - the regional head of Malaysia's maritime agency
A U.S.-led advanced manufacturing team demonstrated the ability to produce mission-critical metal replacement parts aboard a vessel underway during RIMPAC 2026, marking the first at-sea deployment of a SPEE3D cold spray manufacturing system.The Consortium for Advanced Manufacturing Research and Education (CAMRE) at the Naval Postgraduate School, working with the U.S.
Castor Maritime has acquired a 2024-built Kamsarmax bulk carrier for $41.9 million and completed the delivery of a second vessel, expanding its fleet to 11 ships.The company said it acquired the M/V Magic Saturn from an unaffiliated third party through a wholly owned subsidiary and took delivery of the vessel on June 29.
Columbia Group has selected Prevention at Sea (PaS) as its strategic compliance partner and will deploy the MORSE digital compliance platform across its entire managed fleet.The partnership between Columbia Group and PaS will strengthen digital capabilities by linking electronic logbooks with standardized, end-to-end compliance processes.
Search and rescue officers in Malaysia's Langkawi island found two more bodies on Wednesday (November 12) after a boat carrying members of Myanmar’s persecuted Rohingya Muslim minority sank near the maritime border between Malaysia and Thailand, raising the death toll to 29.The bodies found on Wednesday were both male and had been handed over to the authorities