Maritime

Greek shipowner Aegean Shipping Management has taken a significant step in its growth strategy by entering the Very Large Crude Carrier (VLCC) market for the first time, placing an order for four new tankers at China’s Hengli Heavy Industries.  The order, announced during Posidonia in Athens, includes two LR2/Aframax tankers...

In a landmark strategic shift, Global Ship Lease has entered the newbuilding market for the first time in its history, committing approximately $917 million to the construction of 10 new containerships as it prepares to modernise its fleet for the next generation of container shipping trades.  The Athens-based company announced that it has signed individual contracts for...

A major step has been taken in the exploration of nuclear propulsion for commercial vessels, as American Bureau of Shipping (ABS) has granted approval in principle (AIP) for a next-generation reactor design intended for integration into cargo ship propulsion systems.  The concept has been developed through a...

AD Ports Group has taken a major strategic step in its international expansion with its largest acquisition to date, moving into South America through a deal valued at AED3.1bn ($835m) for Brazilian agri-bulk terminal operator Corredor Logística e Infraestrutura (CLI).  The acquisition marks a first entry into the region for the Abu...

Shipping leaders gathered at the TradeWinds Shipowners Forum during Posidonia painted a clear picture of an industry no longer driven solely by cycles and fundamentals, but increasingly shaped by geopolitics that is actively redrawing global trade flows, fleet deployment strategies, financing decisions and asset values.  A central message from the panel was that geopolitical developments are no longer temporary disruptions but structural forces reshaping entire shipping markets.  “Nowadays, we see that geopolitics is not simply creating operational disruptions. Geopolitics are redefining entire markets across segments,” said Charis Plakantonaki, chief strategy officer at...

DNV has confirmed the performance of a new onboard carbon capture solution developed by Carbon Ridge, validating CO₂ capture rates...

Lloyd’s Register has granted Approval in Principle (AiP) to HD Hyundai Samho for a new container ship design standard aimed at improving...

Samsung Heavy Industries (Samsung Heavy Industries) is positioning itself in the emerging floating data centre market after signing a series...

One of shipping’s most outspoken figures, Evangelos Marinakis, founder and chairman of Capital Maritime & Trading Corp, has suggested that the industry might have been better served by paying a structured fee to maintain access through the Strait of Hormuz, rather than enduring prolonged disruption following the Iran-Israel-US-related conflict.  Speaking at the TradeWinds Shipowners Forum during Posidonia, Marinakis argued that a predictable payment system would have...

At the TradeWinds Shipowners Forum held during Posidonia, senior figures from across global shipping gathered around a central question: how long can...