"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.
McAllister Towing received the tug Mary McAllister from Washburn & Doughty Associates, Inc. in Maine. Mary McAllister is the sixth in a seven-tug series of American Bureau of Shipping-classed and certified 84-metric-ton bollard pull, low-emission tractor tugs. Mary McAllister is powered by CAT Tier IV engines producing 6,770 horsepower.
A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market’s new normal.Several miles off Oman's coast, south of the Strait of Hormuz, rows of tankers lie at anchor.
A record wave of global investment in new ships is translating into sustained growth for Germany's marine equipment industry, with suppliers reporting rising revenues, strong order books and growing optimism despite mounting geopolitical and competitive pressures.According to the latest industry survey from VDMA, Germany's maritime supplier sector posted average revenue growth of 5.
Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France
At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the oil market - making the fallout for gas consumers considerably more
A new research project at the National University of Singapore (NUS) aims to accelerate the decarbonization of the global shipping industry through the development of next-generation ammonia-fueled marine engines with high efficiency and near-zero emissions.The project focuses on a novel in-cylinder reforming gas recirculation (IRGR) engine concept designed to address key limitations that have
CF Industries, Trafigura and TFG Marine have signed a memorandum of understanding (MoU) to facilitate the adoption of low-carbon ammonia as a marine fuel.Building on the successful collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, the agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.
Mavrik Marine, Inc. was selected to build high-speed passenger ferries for the Golden Gate Bridge Highway & Transportation District. Mavrik will construct catamaran passenger ferries as part of the District’s eight vessel Lima Class Ferry Replacement Program to provide transportation services in San Francisco Bay.
Odfjell SE and Japan’s Nissen Kaiun Co., Ltd. have formed a new Bergen-based joint venture, Odfjell Hakata Maritime AS, marking a significant expansion of their long-standing partnership and adding substantial capacity to the global chemical tanker market.The JV will launch with a fleet of 10 stainless-steel chemical tankers, equally contributed by the two companies.
Ellerman City Liners, part of GB Global, has acquired Viasea Shipping from Norway’s ColliCare Holding AS, a move that strengthens Ellerman’s position in the European shortsea shipping market and deepens its commitment to sustainable logistics solutions.Founded in 2016, Viasea has grown rapidly as a challenger brand in Northern Europe’s shortsea sector, operating scheduled services between the UK