In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value
Patriot State, the second vessel in a series of new training ships for the U.S.' state maritime academies, was christened during a ceremony at Philly Shipyard on Monday ahead of scheduled delivery to Massachusetts Maritime Academy in the coming weeks. The vessel is the second of five being built by Philly Shipyard under the U.S.
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter.
Yemen's Iran-backed Houthis said on Monday they launched attacks on three ships in the Indian Ocean and the Red Sea, and two U.S. destroyers in the Red Sea.The group, which describes its attacks as acts of solidarity with Palestinians in Israel's war in Gaza, said the ships were the Larego Desert and the MSC Mechela in the Indian Ocean, and the Minerva Lisa in the Red Sea.
Approximately one month has passed since the Singaporean-flagged container vessel M/V Dali allided with the Francis Scott Key Bridge on March 26. The bridge, which connects Hawkins Point and Dundalk, Maryland, collapsed into the lower Patapsco River, bringing all maritime traffic in and out of the Port of Baltimore to a standstill.
The biggest operational crane on the U.S. Eastern Seaboard towered over Baltimore's port on Friday, ready to begin clearing the wreckage of the Francis Scott Key Bridge days after a cargo ship crashed into it, sending the span crashing into the harbor.Crews were still surveying the damage as of midday Friday.
Tech leaders across maritime have the unenviable task of plotting for, at best, a fuzzy future. Make no mistake, the mission is clear: emission reduction leading to decarbonization. But the means to that end – and the realistic timeframe to get there – is less than clear. Sit with Sameer Kalra, President, Marine
The Suez Canal Authority (SCA) and Maersk Training (MT) have entered into a landmark agreement to establish a Centre of Excellence focused on leadership and crisis management training for SCA employees. The agreement was signed at a ceremony attended by senior representatives from both organizations.
Hurricane Milton closed in on Florida's Gulf Coast on Wednesday, spawning tornados and lashing the region with rain and wind hours ahead of its expected landfall near Tampa Bay, where it could deliver a life-threatening surge of seawater to communities along the waterfront.Millions of people along a stretch of more than 300 miles (483 km) of coastline were under evacuation orders
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20.
2025 seems to have started on an optimistic note in the ship recycling markets, with a noticeable willingness to buy from various buyers across the Indian sub-continent, reports cash buyer GMS.However, although the turn of the year seems to be bringing in a sprinkle of optimism, there remains little to be cheery about as key economic factors affecting the various ship recycling locations
On April 16th and 17th, maritime stakeholders from around the globe will converge in the historic Altona Fischauktionshalle for the highly anticipated 3rd Hamburg Maritime Forum. This prestigious event promises two days of insightful discussions, innovative solutions, and collaborative initiatives aimed at shaping the future of the maritime industry.