COSCO Shipping has agreed a $7 billion framework with China State Shipbuilding to build 87 new vessels across its fleet, adding to an already large orderbook of containerships, bulkers and tankers.
Deltamarin has received five AiPs from DNV and LR for its next-generation vessel designs, including LNG bunkering, hybrid-powered gas carriers, and more.
Dongwon Group reignites its bid to acquire HMM, South Korea’s largest shipping company. Despite HMM’s high valuation, major players like POSCO and HD Hyundai are reconsidering their offers.
Maersk has successfully tested ethanol-methanol blends for its dual-fuel vessels, marking a key step in decarbonization. Further trials with higher ethanol levels are planned.
A bulk carrier transiting the Bab el-Mandeb Strait was chased and fired on twice by suspected pirates, with onboard guards returning fire. All crew were reported safe in this strategic waterway for oil and gas exports.
CMA CGM will restart its INDAMEX service via the Suez Canal, cutting the full loop to 77 days and freeing up two vessels as the container market faces overcapacity and weaker spot rates.
A mysterious Chinese semi-submersible trimaran spotted at the PLAN’s Huangpu Shipyard shows a submarine-like hull in a trimaran layout, prompting debate over roles from arsenal platform to drone carrier.
Romania’s defence ministry says naval divers carried out a controlled blast to destroy a Sea Baby-type unmanned surface drone found adrift near a key Black Sea shipping lane, citing a threat to vessels.
Hapag-Lloyd has submitted an offer to acquire ZIM, with shares of the Israeli shipping company rising as the board reviews multiple bids.
