Global Ship Order Book Hits 17-Year High as Tanker Orders Surge
The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across
The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across
Following the announcement of a two-week ceasefire between the United States and Iran and a partial reopening of the Strait of Hormuz, shipping industry
The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the
A newly announced trade agreement between the United States and India could significantly reshape global crude oil flows and tanker demand, potentially cutting
Longer average sailing distances are expected to support dry bulk demand through 2026, helping offset rising fleet growth and keeping market conditions
More than three months have passed since the last Houthi attack on commercial shipping in the Red Sea, yet the Suez Canal remains well below capacity.
The dry bulk shipping sector has seen a dramatic pullback in new vessel orders, with bulker newbuilding contracting capacity falling 54% year-over-year to 25
The global tanker shipping industry stands at a crossroads as crude and product carriers face starkly different market conditions over the next two years,
The crude tanker sector is experiencing its most significant shipbuilding boom in nearly a decade, with the order book-to-fleet ratio climbing to 14.1
The Tripartite Forum of shipbuilders, shipowners and classification societies convened in Busan, South Korea last week, bringing together more than 70
A recycling overhang of at least 500 container ships totaling 1.8 million TEU has accumulated in the global fleet, according to new analysis from BIMCO, as
The Baltic and International Maritime Council is expediting development of a standard industry clause to address contractual uncertainties arising from
When the Office of the United States Trade Representative (USTR) fees targeting Chinese maritime dominance come into effect on October 14, approximately 35% of
The container shipping industry is experiencing an unprecedented divergence in the market, with US-bound trade lanes suffering significant declines while
The container shipping sector continues to outpace other maritime segments in the adoption of alternative fuels, according to the latest analysis from BIMCO.
The global dry bulk fleet is expanding at only half the pace seen during the 2010s, despite forecasts showing bulker deliveries reaching a six-year high by
BIMCO, the world’s largest shipping association and leading provider of standardized maritime contracts and clauses, has adopted a standard clause to
Chinese shipyards have seen their global market share drop dramatically from 72% to 52% in the first half of 2025, according to a new analysis from BIMCO.
Major shipping organizations have issued a joint statement condemning the recent attacks on vessels in the Red Sea that have resulted in seafarer fatalities
OPEC countries have recorded their highest weekly crude tanker loadings since April 2023, with a significant 24% week-on-week increase to 2.281 million barrels
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