The current state of the shipping sector in the Gulf Cooperation Council region gives regional owners and operators reason for optimism, with the offshore sector looking especially strong and containers in for a downturn.

The Greek controlled fleet decreased in number of vessels, DWT and GT in the 12 months to March 2023 for its biggest decline since 2008 as owners move to renew their fleets.

The port of Paranagua has increased the draught of ten of its 18 mooring berths in 2022, most of them above 12 metres and some up to 13 metres.

A battle on the field of regulation will herald the arrival of the next generation of vessels, according to retired Teekay CEO Peter Evensen.

Mobile harbours could unlock advantages for shortsea shipping over rail and road, according to a student's prize-winning paper.

Russia’s invasion of Ukraine and subsequent turmoil in global energy markets has upended long-established Capesize cargo flows and voyages have lengthened with tonne-miles rising sharply.

The Port of Immingham in the UK has boosted its grain handling capacity with new bunds and cranes.

Russia does not oppose a 60-day extension of the Black Sea Grain Initiative, but is tying future co-operation to its own agricultural exports.

Asset financier NIBC Shipping reported a strong performance for 2022, bringing its shipping portfolio growth to 30% over two years.

China state-owned SUMEC Group, a member of China National Machinery Industry Corporation, has inked contract with Greece ship-management company Byzantine Maritime for the construction of four bulk carriers.