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Automation

Global Shipbuilding Market Projected to Reach USD 228.82 Billion by 2032

Sophie Becker -
Maximize Market Research Pvt. Ltd. reports that the global shipbuilding market, valued at USD 162.14 billion in 2024, is expected to grow to USD...
Business

China Puts Sanctions on U.S. Subsidiaries of Shipbuilder Hanwha Ocean

Priya Anika Rajan -
China placed sanctions on a handful of U.S.-based subsidiaries of South Korean shipbuilder Hanwha Ocean, over the company’s alleged support of an American probe...
Cochin Port

CMA CGM will order six feeder container ships from Cochin Shipyard

Sophie Becker -
A contract worth about 300 million dollars The Indian shipyard Cochin Shipyard Ltd. has announced today to have signed a letter of intent with a European...
Belgium

OCI Global, VICTROL to Build Clean Ammonia Bunkering Supply Chain in Europe

Emily Carter -
Rotterdam, Netherlands | October 9, 2025 – In a landmark move that accelerates the decarbonization of the maritime industry, OCI Global, a leader in...
Companies

Neoline inaugurates new Ro-Ro sailing ship

Carlos Nieves -
French shipping company Neoline has inaugurated a new Ro-Ro sailing cargo ship built by RMK Marine Shipyard of Turkey. Neoliner Origin was designed by French...
Companies

MSC announces new freight rates from Far East to Sub-Saharan Africa and Indian Ocean

Malik Johnson -
MSC Mediterranean Shipping Company has announced updated freight rates applicable from November 1, 2025, until further notice but not beyond November 15, 2025. The new...
Companies

Salzgitter and Oldendorff Join Forces to Cut Emissions

Linh Nguyen -
Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, has announced a significant long-term partnership with Oldendorff Carriers aimed at reducing carbon emissions in the...
Companies

Thenamaris to boost fleet with USD 1 bln Frontline product tankers

Linh Nguyen -
Thenamaris is reported to be in advanced talks to acquire the entire LR2 tanker fleet from Frontline. According to various reports, the vessels involved are...
Companies

Eversource to record $75m charge linked to offshore wind sale settlement

Monica Germany -
Utility firm Eversource Energy said on Tuesday it expects a $75 million or 20 cents per share after-tax charge in the third quarter due...
Business

China Increases Response to USTR Fees With Sanctions on Hanwha US Ops

Akira Nakamura -
The Chinese government has increased its response as the first day of port fees came into effect in both China and the United States....
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