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The global shipping industry is entering one of its most uneven periods in decades, according to the latest Shipping Market Review from Danish Ship Finance, with geopolitics, ageing fleets, environmental regulation and slowing globalisation reshaping virtually every major sector. The May 2026 edition paints a picture of an industry increasingly divided between winners and losers. …
The US Treasury Department has designated 12 individuals and entities for their roles facilitating the Islamic Revolutionary Guard Corps’ sale and shipment of Iranian oil to China, in the latest wave of sanctions under Washington’s Operation Economic Fury. The action, carried out by the Office of Foreign Assets Control under counterterrorism authority, targets a web …
https://splash247.com/us-cracks-down-on-irans-covert-crude-pipeline-to-china/
https://splash247.com/us-cracks-down-on-irans-covert-crude-pipeline-to-china/Norwegian shipowner Knutsen Group is being linked to another LNG carrier order at South Korea’s Hanwha Ocean, further expanding one of the industry’s largest long-term backed LNG orderbooks. The South Korean shipbuilder said on Monday it had secured a contract worth KRW363.2bn ($250.3m) for one LNG carrier from a “shipping company in Europe”. Market sources …
https://splash247.com/knutsen-stacks-lng-orderbook-higher-with-hanwha-ocean-deal/
https://splash247.com/knutsen-stacks-lng-orderbook-higher-with-hanwha-ocean-deal/Greek shipowner TMS Cardiff Gas is being linked to an order for two dual-fuel very large gas carriers (VLGCs) at South Korea’s HD Hyundai Heavy Industries as owner George Economou continues to expand his gas shipping portfolio. The vessels form part of a contract announced on Friday by HD Korea Shipbuilding & Offshore Engineering for …
https://splash247.com/economou-tied-to-vlgc-newbuild-slots-in-south-korea/
https://splash247.com/economou-tied-to-vlgc-newbuild-slots-in-south-korea/The minor bulks panel at last month’s Geneva Dry 2026 turned into a broader debate on how shifting commodity flows, geopolitical disruption and tightening vessel supply are reshaping the geared dry bulk market. The session — the third discussion of day two — focused on what is driving global minor bulk exports, the relatively modest …
https://splash247.com/geopolitical-shocks-tighten-geared-bulker-availability/
https://splash247.com/geopolitical-shocks-tighten-geared-bulker-availability/The seaborne bauxite trade – one of dry bulk shipping’s most reliable growth engines over the past five years – is facing pressure from two directions simultaneously: a potential Guinean export cap that could free up dozens of capesize vessels, and a Hormuz-driven supply chain crisis that is forcing Middle Eastern aluminium producers into costly …
https://splash247.com/bauxite-storm-brewing-for-capesizes/
https://splash247.com/bauxite-storm-brewing-for-capesizes/Auction prices for priority Panama Canal transits have climbed to an unprecedented $4m per vessel as geopolitical turmoil in the Middle East reshapes global shipping patterns and sends operators scrambling for alternative routes. The extraordinary fees, paid on top of standard canal tolls, underline how the Panama Canal has become one of the key pressure …
https://splash247.com/panama-canal-slot-auctions-hit-record-4m/
https://splash247.com/panama-canal-slot-auctions-hit-record-4m/Saronic has appointed two accomplished U.S. Army leaders as Strategic Advisors to support the company’s continued growth and deepen its work with the Army:• General James E. Rainey, U.S. Army (ret.), former Commanding General, United States…
https://www.marinelink.com/news/saronic-appoints-two-senior-army-leaders-539036
https://www.marinelink.com/news/saronic-appoints-two-senior-army-leaders-539036Exercise Bell Buoy has concluded after two weeks of intense operational activity in Auckland, New Zealand, bringing together international military and maritime partners to strengthen cooperation in an increasingly complex global security environment.Bell…
https://www.marinelink.com/news/global-maritime-security-training-program-539038
https://www.marinelink.com/news/global-maritime-security-training-program-539038The CMA CGM Group has signed a high-level framework agreement for joint cooperation with Keynan institutional authorities to develop Kenya’s logistics and port capacity.The objective is to accelerate solutions that support the growth of supply…
https://www.marinelink.com/news/cma-cgm-expands-support-kenyan-logistics-539039
https://www.marinelink.com/news/cma-cgm-expands-support-kenyan-logistics-539039