HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control…
Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland shipping companies, for the extensive refit of a dry cargo vessel Hirschhorn. The vessel recently arrived at the Concordia Damen yard in Werkendam…
'We estimate that the dry bulk supply/demand balance will strengthen slightly in 2025 and gradually weaken in 2026 and 2027. Cargo demand growth is slowing, as coal shipments decline and iron ore shipments stagnate,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO…
China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said on Friday…
France's CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country's focus on shipping infrastructure created an opportunity to diversify the group's shipbuilding supply.CMA CGM, the world's third-largest container shipping firm…
The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas…
The maritime industry has long wrestled with the challenge of attracting and retaining skilled seafarers. But according to Eric Griffin, VP of Offshore Energy & Fishing, Maritime, at Inmarsat, one factor now sits firmly at the center of the conversation: seamless connectivity…
The International Maritime Organization (IMO) is stepping up efforts to prepare seafarers for shipping’s energy transition, to help ensure personnel are properly trained to work safely on ships using zero or near-zero emission fuels, in line…
The following is an op-ed Jeff Vogel, Vice President of Legal for TOTE Services, wrote for InsideSources.com. The views expressed here are those of the author and do not necessarily reflect the views of the publisher.President Donald Trump’s call for new investment in U…
“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while…
“As of end August 2025, 534 container ships are on order which will be able to use alternative fuels upon delivery. These represent 53% of ships on order and 77% of the TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In addition to these alternatively-fuelled ships…
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The…
At Gastech 2025, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) received approval in principle (AIP) from ABS for its concept design of a 16,000 TEU container ship with an electric propulsion system…
SunStone Maritime Group A/S, touted as the world’s largest tonnage provider to the expedition cruise industry, announced the delivery of the seventh and final vessel in this first series of newbuilds, the Douglas Mawson. The delivery took place at China Merchants Heavy Industry in Haimen…
“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth due to shorter sailing distances…