Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market
Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market
in
Dry Bulk Market
,
Hellenic Shipping News
13/05/2026
S
hip owners are increasing their activity in the market for newbuildings and second hand vessels. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, China’s Jiangmen Nanyang Shipbuilding secured an order for 8 x 40,500 dwt bulk carriers from undisclosed interests. Price is $30 mln each, with deliveries scheduled from January 2029 through December 2031.
Piraeus Port rises on back of stronger ties
Piraeus Port rises on back of stronger ties
in
Port News
13/05/2026
Since China COSCO Shipping Corp officially took over its operations a decade ago, Piraeus Port in Greece has transformed from an aging facility into a highly coordinated global hub, achieving remarkable growth in capacity, revenue and technological advancement.
In 2016, the annual container throughput of the port was approximately 680,000 TEUs (twenty-foot equivalent units), ranking 93rd globally with outdated facilities and limited capacity. Today, it has become one of the busiest ports in the Mediterranean, with annual throughput exceeding 5.6 million TEUs, ranking as high as 25th globally.
Over the past decade, the transformation of the port’s “hard power” has been the most intuitive. Terminals have been continuously extended, deep-water channels dredged, automated equipment gradually put into use, and bridge cranes and yard systems constantly upgraded.
OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case
Photo: Shutterstock/MartinLueke
OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case
The Loadstar
Total Views: 0
May 13, 2026
By Alexander Whiteman (The Loadstar) – Shippers will be watching with bated breath following OOCL’s decision to challenge the record
$45m fine
it was handed by the US Federal Maritime Commission (FMC).
The carrier is appealing not only against the amount of the reparation, but the FMC’s jurisdiction to hear the case.
Last month, the regulator
hit the carrier
with the fine after finding in favour of bankrupt US shipper Bed, Bath and Beyond’s administrator’ Butterfly-1, which claimed OOCL’s service during the pandemic was not in accord “with service contracts or refusal to deal”.
The Chinese box line has responded with a filing to the US District Court, seeking to overturn the FMC’s decision on the basis its in-house adjudication was unconstitutional, because such cases should be determined by juries in federal court.
The filing contends tha
KR Drives IMO’s Marine Environmental Agenda on Ammonia Effluent Management and NOx Reduction Technology
KR Drives IMO’s Marine Environmental Agenda on Ammonia Effluent Management and NOx Reduction Technology
in
International Shipping News
,
Shipping: Emission Possible
13/05/2026
Korean Register (KR) announced that it is serving as the Coordinator of two International Maritime Organization (IMO) expert groups in key marine environmental areas: ammonia effluent management and response procedures for nitrogen oxides (NOx) reduction strategy failures.
As international pressure to reduce greenhouse gas (GHG) emissions from ships intensifies, ammonia-fueled vessels are gaining traction as a zero-carbon alternative to conventional marine fuels. However, ammonia’s high toxicity means that ammonia effluent can be generated during vessel operation, and the absence of internationally agreed management standards continues to create uncertainty across the industry.
To proactively address this regulatory gap, KR established a joint working group in June 2025 in collaboration with the Ministry of Ocean
Record $2.25 Billion Settlement Reached in Baltimore Key Bridge Collapse Case
Responders with the Unified Command conduct an overflight assessment of the Francis Scott Key Bridge collapse in Baltimore, Maryland, March 29, 2024. Unified Command Photo
Record $2.25 Billion Settlement Reached in Baltimore Key Bridge Collapse Case
Mike Schuler
Total Views: 0
May 13, 2026
The State of Maryland has finalized a $2.25 billion settlement with the owner and operator of the containership
Dali
, marking the largest legal recovery in maritime history and a major milestone in the aftermath of the catastrophic
collapse of Baltimore’s Francis Scott Key Bridge
.
The agreement resolves claims brought by Maryland against Singapore-based Grace Ocean Private Limited and Synergy Marine Pte. Ltd., the owner and operator of the Singapore-flagged M/V
Dali
, which struck the bridge on March 26, 2024, causing its collapse and killing six construction workers.
The settlement was announced Tuesday by law firm Kelley Drye, which served as assistant counsel for the State of Maryland alongside
Fresh food for seafarers is a strategic imperative for ship owners
Fresh food for seafarers is a strategic imperative for ship owners
in
International Shipping News
13/05/2026
T
he World Maritime University’s Food4Seafarers project has called for systemic reform in how food is provisioned and managed at sea. Across the maritime industry, there is a growing recognition that seafarer wellbeing is a core operational concern. A healthy, balanced diet is increasingly understood as fundamental to crew welfare, safety, and the resilience of the global supply chain.
For years, maritime welfare discussions focused on connectivity, rest hours, and living conditions, often overlooking one of the most basic and influential aspects of life at sea: food.
The food we consume, and its nutritional quality, directly affects how we think, perform and feel.
Smart ships’ are failing to turn data into real intelligence, warns SmartSea
Smart ships’ are failing to turn data into real intelligence, warns SmartSea
in
International Shipping News
13/05/2026
The maritime industry’s push towards “smart shipping” is falling short, with many vessels collecting vast amounts of data but failing to use it effectively, according to maritime technology company, SmartSea.
Despite heavy investment in sensors, AI and onboard connectivity, most ships are already generating significant volumes of operational data. However, much of that information remains underused because it is not being properly harvested, integrated or analysed to support better decision-making onboard or ashore.
Over the past decade, shipowners have deployed a wide range of digital tools, from engine monitoring to voyage optimisation and maintenance systems, but these technologies are rarely designed to work together. The result is a fragmented environment in which valuable data is collected across multiple systems but not combined in a meaningful way, limiting its
New study maps the web of climate transition risks facing shipping and warns that siloed approaches to address them would not limit exposure
New study maps the web of climate transition risks facing shipping and warns that siloed approaches to address them would not limit exposure
in
International Shipping News
13/05/2026
A new white paper published today argues that the sector’s current fragmented approach to climate risk management leaves it dangerously exposed. The white paper titled, Navigating climate transition risks in global shipping, draws on a peer-reviewed academic study by researchers from Erasmus Rotterdam University, University of Copenhagen and UCL, and provides comprehensive analysis of the climate-related transition risks facing the global shipping industry.
The study identified five interconnected categories of transition risk — litigation, policy, contractual, technology, and social, and maps the pathways through which risks in one domain can trigger or amplify consequences in another. For instance, the IMO’s Carbon Intensity Indicator (CII) regulation requires investment in emissions-reducing technologie
AD Ports Group Delivers 41% YoY Net Profit Growth to AED 653 Million in Q1 2026; Best Quarterly Profits on Record
AD Ports Group Delivers 41% YoY Net Profit Growth to AED 653 Million in Q1 2026; Best Quarterly Profits on Record
in
Port News
13/05/2026
AD Ports Group, a leading global enabler of integrated trade, industry, and logistics solutions, today reported strong revenue and net profit performance in the first quarter of 2026, demonstrating the resilience of its diversified and integrated trade ecosystem amidst the challenging and complex geopolitical and macroeconomic backdrop.
From a service offering and geographic perspective, AD Ports Group’s diversified operations, and vertically integrated business model based on long-term partnerships and contracts, focused strategy, and operational flexibility, have proven once again to be effective in turning risks into differentiated opportunities. Throughout the obvious challenges posed by the geopolitical situation in the Arabian Gulf, the Group has been able to maintain uninterrupted services, operating normally with precautionary business contin
Port Powers Green Truck Corridor Connecting Key Trade Hubs
Port Powers Green Truck Corridor Connecting Key Trade Hubs
in
Port News
13/05/2026
The Port of Long Beach, The Wonderful Company and Lincoln Transportation Services Monday signed a memorandum of understanding supporting development of the world’s first port-powered Green Truck Corridor connecting Long Beach with the Central Valley to improve air quality and reduce greenhouse gases on one of the nation’s busiest truck routes for global trade.
Port CEO Dr. Noel Hacegaba joined Jose Cardenas, CEO of Lincoln Transportation Services, and Joe Vargas, President of Wonderful Real Estate Development, to officially sign the MOU establishing a Green Truck Corridor that connects the heart of the nation’s agriculture production to its largest port complex and unites two major economic engines – the Port of Long Beach, which moves more than $300 billion of goods annually, and the $40 billion agriculture industry in California’s Central Valley.
“By launching the world’s first port-powered Green Truck