Geopolitics, regional conflicts, and the prospect of more global unrest continues to limit the supply of ships for recycling.

The shipping industry has united in calling for the immediate release of 25 seafarers on board the Galaxy Leader held hostage by Houthi Rebels for three months now.

Singapore yard group Seatrium Limited is to install a full-scale 7MW carbon capture and storage (CCS) system from Wärtsilä on board the 2019-built ethylene carrier, Clipper Eris, owned by Norwegian shipowner, Solvang.

Rapidly growing container line SeaLead has unveiled a change of ownership to a group of four investors and a new interim head of management.

Singapore is relaunching a cadet training programme provided jointly by unions, industry, and the authorities following a three-year hiatus.

Stena Bulk has signed five year charter deals for four newbuild eco medium range tankers due for delivery in the next two years.

The Norwegian-Japanese joint company Knutsen NYK Offshore Tankers (KNOT) has ordered for up to four suezmax shuttle tankers with Cosco Shipping Heavy Industry (Zhoushan).

As shipping company earnings benefit from disruption in the Red Sea the Singapore Maritime Officers Union (SMOU) has called on companies to remember seafarers when it comes to bonuses.

South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets.

Singapore shipyard group Seatrium has renewed a long-term contract with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO) for the repair and upgrading of their fleet of LNG carriers.