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Latest News

ADNOC Orders Four More LNG Carriers at Jiangnan in $900 Million Deal

ADNOC Logistics and Services ordered four 175,000 cbm LNG carriers at Jiangnan Shipyard for about $900 million, taking its LNG newbuilding program to 18 ships and deepening China's push into a segment Korea long dominated.

Kemal Can Kayar·3 min read·Jul 11, 2026

Defense

US Navy Asks Korean Yards Whether They Can Build Its Destroyers

The US Navy issued requests for information to HD Hyundai, Hanwha Ocean and Samsung Heavy on eight destroyer sized combatants and new fleet oilers, its first approach of this kind to foreign builders in a century.

Kemal Can Kayar·3 min read·Jul 10, 2026

Shipbuilding

China Takes 72% of First Half Orders as Korea Sells the Value

Chinese yards booked 31 million CGT and a 72 percent share of first half 2026 newbuilding orders, Clarksons data show, while Korean builders grew 60 percent on a book heavy with high value gas carriers.

Kemal Can Kayar·4 min read·Jul 9, 2026

Ports

Panama Canal Cuts Draught in Steps as a Strong El Niño Builds

The Panama Canal Authority will lower Neopanamax draught in three steps, from 49.5 feet on July 3 to 48.5 feet by August 15, moving early to protect 38 daily transits as a strong El Niño develops.

Kemal Can Kayar·3 min read·Jul 8, 2026

Logistics

Gemini Returns to Suez as Egypt Raises the Price of Passage

Maersk and Hapag-Lloyd will send their AE15 Asia to Mediterranean service back through the Suez Canal, starting with the 19,000 TEU Majestic Maersk, just as Egypt raises transit surcharges across nearly every vessel class.

Kemal Can Kayar·4 min read·Jul 7, 2026

Ports

Port Congestion Hits a Four-Year High With No Single Cause

Container ships carrying between 3.4 and 3.7 million TEU, about 11 percent of the global fleet, are waiting off ports from Shanghai to Rotterdam, the worst congestion in four years, with no single cause behind the queues.

Kemal Can Kayar·3 min read·Jul 3, 2026

Sustainability

A Year Into the Hong Kong Convention, Green Yards Outnumber the Ships

One year after the Hong Kong Convention entered into force, Alang counts 115 compliant plots and Pakistan its first certified yards, yet strong freight markets have left recyclers with almost nothing to scrap.

Kemal Can Kayar·3 min read·Jun 29, 2026

Shipping

IMO Pauses Evacuation of 11,000 Seafarers From the Gulf After Boxship Strike

The IMO paused its two-corridor evacuation of about 11,000 seafarers stranded on some 600 ships in the Gulf on June 25, after a suspected drone struck the container ship Ever Lovely off Oman.

Kemal Can Kayar·3 min read·Jun 26, 2026

Tanker

VLCC Earnings Near $470,000 a Day as Charterers Pay for Hormuz Risk

VLCC earnings for ships loading through the Strait of Hormuz neared $470,000 a day in late June, roughly nine times normal, as post-ceasefire charterers paid a pure geographic risk premium to move Gulf crude.

Kemal Can Kayar·3 min read·Jun 25, 2026