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Oil edges up as US-China de-escalate trade tensions

Oil prices rose on Tuesday as early signs of a thaw in US-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand. US...

12 Bulk Carrier Mega Order Signed! Tripartite Collaboration to Build a New Shipping Ecosystem

On the afternoon of October 9, Wuhu Shipyard Co., Ltd., Wah Kwong Maritime Transport Holdings Ltd., and Yingxing Financial Leasing (Anhui) Co., Ltd. held...

Beijing details port fees on US-linked vessels, exempts China-built tonnage

China has outlined exemptions from newly imposed port fees on US-linked vessels, which take effect today, marking the latest development following a surprise announcement...

Such vessels may become “stranded assets” in the future!

Multiple researchers have pointed out that shipowners in the LNG transport sector may be facing current and future “asset stranding” risks. Researchers state that, based...

China Sanctions Five US-Linked Units of South Korea’s Hanwha Ocean

China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean amid trade tensions between the world’s two largest economies,...

Malaysia’s Petronas to reduce dividend payment to government by 38% in 2026

Petronas, Malaysia’s state-owned oil and gas company, will reduce its dividend payment to the government by 38% in 2026 due to declining oil prices,...

New order intake declines! Chinese shipyards’ immediate concerns and long-term worries

Officially launched on October 14, the “Section 301 investigation” comes at a time of intensifying global shipbuilding competition and frequent geopolitical factors. What are...

Maritime Fees Spiral Deepens as US, China Trade Blows

The United States and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude...

Damen Schelde Marine Services commits to further growth at new location in Vlissingen

Damen Schelde Marine Services will move to a newly built warehouse and offices on the Souburg II business park in Vlissingen in mid-2026. In...

Beijing places sanctions on Hanwha Ocean’s American assets

China has sanctioned five American subsidiaries of Hanwha Ocean, the South Korean shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering, claiming the company...
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