LNG carrier under construction at CSSC Jiangnan Changxing.
Shipbuilding outlook for 2024 – newbuild orders expected to slow
Jan 11, 2024
Demand for newbuilding slots remained robust in 2023 with Chinese shipbuilders now the dominant force. What does 2024 hold for the sector?
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Navies thwart largest Houthi Red Sea attack to date
Jan 10, 2024
An apparently indiscriminate attack on commercial shipping lanes in the Red Sea was carried out on January 9 and thwarted by US and UK naval assets.
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Nakilat orders two LNG carriers and four LPG carriers at Hyundai Samho
Jan 09, 2024
Nakilat has ordered six new gas carriers to meet its forecasts of continued expanding demand for gas transportation.
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Maersk Tankers adds 83 vessels with Penfield acquisition
Jan 09, 2024
Maersk Tankers closed on the acquisition of US-based tanker pool operator Penfield Marine last week, expanding its crude and product tanker reach.
Front view of tanker at sea
Tanker market outlook – strong fundamentals and geopolitical disruption
Jan 09, 2024
Strength in the fundamentals of the tanker market are seen in the coming year as the sector continues to benefit from geopolitical turbulence and resulting disruption.
Houthi Rebels hijacking car carrier Galaxy Leader
Houthi leader makes demands of Red Sea ships
Jan 08, 2024
Houthi rebel leader Muhammad Ali Al-Houthi has ordered his forces not to fire on vessels transiting the Red Sea which declare they have no connection to Israel.
container ship passing through Suez canal
Red Sea crisis - beware of political drift over diversions
Jan 08, 2024
As more and more ships divert from the Red Sea over the threat from Houthi rebels opinion writer Michael Grey warns the situation should not be allowed to drift on.
Ships at anchor
Clarksons index falls back in 2023 but remains 33% above long-term trend
Jan 08, 2024
The ClarkSea index dropped 37% last year, however it was compared to an exceptional year in 2022 that was fuelled by the container markets.
NYK Group Takaya Soga
NYK faces uncertainty in global expansion
Jan 05, 2024
NYK’s President has pointed to multiple geopolitical challenges affecting its ability to make immediate judgments on the group’s position in many countries.
Houthi Rebels hijacking car carrier Galaxy Leader
MHSS offers free support to seafarers in high risk areas
Jan 04, 2024
Mental Health Support Solutions (MHSS) is offering pro bono critical mental health support to vessels in the Red Sea and Gulf of Aden high risk areas.
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