News
HMM H1 profit falls 37% despite freight-rate rebound
Middle East disruptions and higher fuel costs weighed on earnings.
HMM H1 profit falls 37% despite freight-rate rebound
Middle East disruptions and higher fuel costs weighed on earnings.
Yangzijiang Maritime profit drops 29% as fund costs surge
Group has contracted 12 vessel sales worth $640m and secured $54m for four vessels.
Nam Cheong profit surges 82.9% as shipbuilding resumes
Shipbuilding generated $21.95m in revenue after six years.
COSCO H1 profit jumps 188% on higher income, lower finance cost
Group revenue increased 6% to $96.8m, supported by higher logistics revenue.
Ming Yang commissions 16-MW floating wind turbine for CNOOC oil field
CNOOC Anlan operates in 136 metres of water and supplies power to an offshore oilfield.
Guangzhou Shipyard taps ABB for power package on 40,000‑tonne transport vessel
Grand Tour will transport converter stations from Asia and Europe to offshore projects.
Far East-Mideast trade capacity falls 14% on Gulf conflict
HMM and SeaLead made the largest individual cuts.
South Korean defense firm Hanwha bids up to $1.2b for Austal USA
It does not cover Austal's operations in Australia, the Philippines, and Vietnam.
Yangzijiang Maritime signs four-vessel bulker sale contracts
The vessels are due for delivery from April 2027 to May 2028.
Ship recycling turns to regulatory alignment as Hong Kong Convention takes effect
Shipowners may still need to navigate overlapping international and regional recycling rules.
Yangzijiang Shipbuilding H1 net profit jumps 28% to $1b
Gross margin widened to 36.2% as revenue grew 36.2% to $3.33b (RMB17.53b).
Korean Register certifies first homegrown 3D-printing repair process
It cuts repair time and cost.
Corrosion protection demand climbs as bulk carriers age, Steelpaint says
Shipowners want to extend the service life of ageing vessels.
SSA to develop AI learning platform for maritime workforce
AI will create personalised learning paths based on user needs.
Seafarer morale drops as shore leaves become limited
This was linked to the normalisation of the disruption.
ITOCHU posts record $1.86b Q1 net profit as non-resource earnings grow
Core profit climbed 38% as non-resource businesses contributed 85% of the total.
UNCTAD rolls out port energy transition course
The first programme drew 544 participants from 31 countries.
