Shipowners have already ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that is the biggest for at least 25 years, as the US-Iran war redraws trade routes and boosts demand for long-haul crude shipments.Data from Signal Group, a shipping analytics platform, show 217 Very Large Crude Carriers ordered so far in 2026
The headline grabbing global attention is simple enough: a shipowner reportedly paid more than $5 million for a single Panama Canal transit slot. But that may only mark the start of an historic surge in shipping costs.The vessel was a liquefied petroleum gas (LPG) carrier operated for South Korea's SK Gas.
Fincantieri and Viking have signed contracts for two new cruise ships, extending a long-running shipbuilding relationship that now encompasses 28 vessels.The ships result from Viking exercising options announced in April 2025 and will be constructed at Fincantieri’s Ancona shipyard in Italy, with both vessels scheduled for delivery in 2032.
A.P. Moller Holding has agreed to acquire 100% of Oslo-based ship leasing company Ocean Yield from funds managed by investment firm KKR, expanding its maritime portfolio.Ocean Yield has interests in more than 70 vessels across several shipping segments, including gas carriers, LNG carriers, container ships, crude, product and chemical tankers, and dry bulk carriers.
Anemoi Marine Technologies’ Rotor Sail wind-assisted propulsion system has completed more than eight years of continuous commercial operation after M/V Afros successfully passed its second intermediate dry dock survey.The survey, conducted by Lloyd’s Register in China in April, confirmed the structural integrity and operational condition of the vessel’s four Rotor Sails, Anemoi said.
U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains "stable and strong" and ready to defend itself.U.S.
Tim Mooney is the third-generation family member at the helm of the iconic Fire Island Ferries. While the company’s primary focus has been moving people to and fro, from the Long Island, NY mainland to the Fire Island barrier communities and beaches, the business has evolved and grown since its start in 1948 via acquisition and organic growth.
Mitsui O.S.K. Lines (MOL) has signed a long-term charter agreement with India’s state-owned Oil and Natural Gas Corporation (ONGC) for two newbuilding very large ethane carriers (VLECs) to be constructed by Samsung Heavy Industries.MOL established two joint ventures with ONGC, with the joint ventures and ONGC signing a 15-year charter contract for the vessels.
Seatrium delivered FREDERICK PAUP to Manson Construction Co. Built at Seatrium’s Brownsville Texas yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredger in US history.Key highlights:Largest in the U.S. – 420’ length x 81’ beam, with a 15,000+ cubic yard hopper capacityPowerful and Agile – Self-propelled with 25,000 horsepower, triple azimuthing stern drives
Norwind Offshore has taken delivery delivery of Norwind Maestro commissioning service operations vessel (CSOV) from Vard Søviknes, further expanding its managed fleet and reinforcing long-term commitment to supporting offshore wind farm operations.The 85-meter long Norwind Maestro CSOV has become the sixth vessel in Norwind Offshore’s fleet.
In a shipbuilding industry defined by tradition, one new entrant is seeking to rewrite the rules of how naval vessels are designed, built and delivered. Saronic Technologies, founded just three years ago, is racing to create what CEO Dino Mavrookas calls “a next-generation shipbuilding ecosystem” — one capable of delivering unmanned surface vessels (USVs) at the speed and scale the U.S.
Moran Towing Corporation acquired Bisso Towboat Co, as it aims to accommodate growing needs of New Orleans and the Lower Mississippi River communities.Moran was founded in 1860 and is privately owned and operated. It offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has operated in New Orleans since 2006.