Japan’s Ruling Party Has a $7B Restructuring Plan for Shipbuilding
As the U.S. considers policy proposals to revitalize a lagging shipbuilding industry, it is looking to Japan and South Korea…
Suez Canal Responds as Chinese Heavy Lift Vessel Grounds
The Suez Canal Authority is highlighting its quick response to a grounding incident on Friday, June 20, as a Chinese…
Global Offshore Outlook: Shoring Up Safety in an Era of Renewal
Offshore exploration and production is rebounding in 2025, driven by a dynamic mix of regulatory developments and technological advancements. With…
After Two Weeks, Fire Continues and Stability Concerns for Wan Hai 503
The Indian Directorate General of Shipping reports that two weeks after the fire first began on the containership Wan Hai…
Weak Dalian drags palm lower, firm crude, soft ringgit cushion fall
Malaysian palm oil futures declined on Monday, pressured by weaker rival Dalian oils, while stronger crude oil prices and a…
Baltic dry bulk index dips to over 2-week low as capesize rates retreat
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more…
Investigators Set to Take Over as Bayesian Reaches Shore
The salvage of the wrecked superyacht Bayesian has been completed in two stages over the weekend after it was lifted…