World’s largest car carrier delivered in China, boosting global auto transport capacity
World’s largest car carrier delivered in China, boosting global auto transport capacity
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Shipbuilding News
01/05/2026
A car carrier with a maximum capacity of 10,800 car equivalent units, described as the world’s largest of its kind, was delivered Tuesday in the southern Chinese city of Guangzhou.
The vessel, named Glovis Leader, was built by Guangzhou Shipyard International Company Limited under the China State Shipbuilding Corporation (CSSC), together with China Shipbuilding Trading Co., Ltd. It was delivered to HMM, a leading shipping company in the Republic of Korea (ROK). After delivery, the vessel will be operated by Hyundai Glovis Co., Ltd., a logistics company also based in the ROK.
Lee Kyoo-bok, CEO of Hyundai Glovis, said at the delivery ceremony that the new-generation ultra-large vessel is more than an ordinary means of transport.
BIMCO publishes time charter party targeting the emerging CO2 trade
BIMCO publishes time charter party targeting the emerging CO2 trade
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International Shipping News
01/05/2026
BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilisation and storage (CCUS) projects and the need for a standardised contractual framework for maritime transport.
CO2TIME 2026 is the first time charter party designed specifically for the carriage of liquefied CO₂. While firmly focused on the emerging CO₂ trade, the form has been drafted with sufficient flexibility to allow its use for other liquefied gases, such as LPG.
“CO₂ transport is a developing trade with a unique risk profile but at the same time, it is closely connected to already established gas shipping practices.
02/2026 EU Sanctions: 20th Sanctions Package Against Russia
02/2026 EU Sanctions: 20th Sanctions Package Against Russia
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Marine Insurance P&I Club News
01/05/2026
On 23 April 2026, the Council of the European Union adopted its 20th package of restrictive measures against Russia, amending Regulation (EU) 833/2014 and Regulation (EU) 269/2014. These measures were implemented in Council Regulation (EU) 2026/506, Council Implementing Regulation (EU) 2026/509, and Council Regulation (EU) 2026/511 and published in the Official Journal of the EU.
The package comprises 120 individual and entity listings, the largest number in a single package in two years, together with a range of sectoral, trade, financial and anti-circumvention measures.
This update summarises the key measures of particular relevance to shipping, marine insurance, and related maritime services.
Key takeaways for Members
Significant expansion of the shadow fleet regime, including 46 newly listed vessels and new tanker sale due-diligence obligations.
Ban on financial services includi
HD Hyundai partners with Korea Science Academy to nurture STEM leaders
HD Hyundai partners with Korea Science Academy to nurture STEM leaders
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Shipbuilding News
30/04/2026
HD Hyundai will work with the Korea Science Academy affiliated with the Korea Advanced Institute of Science and Technology (KAIST) to nurture STEM talent.
On the 28th, HD Hyundai said it signed a memorandum of understanding (MOU) with the Korea Science Academy. Through the agreement, HD Hyundai will support the academy with talent development and research, guest lectures on science, technology and entrepreneurship, and visits and field experiences at HD Hyundai affiliates.
The Korea Science Academy is the country’s first science high school for gifted students to offer research-centered education, and every graduate over the past 11 years has advanced to a STEM university.
Jang Gwang-pil, head of the Future Technology Institute at HD Korea Shipbuilding & Offshore Engineering, said, “Amid fast-changing technology and global competition, the importance of science and technology talent i
Genoa Maritime Forum 2026 to Foster Networking and Collaboration Across the Maritime Industry
Genoa Maritime Forum 2026 to Foster Networking and Collaboration Across the Maritime Industry
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International Shipping News
30/04/2026
Taking place on June 17 – 18 in Genoa, the Genoa Maritime Forum will bring together a diverse audience of maritime professionals from across the globe. The event will welcome shipowners from local and regional players to international leaders alongside ship managers, port authorities, regulators, policymakers, classification societies, and a strong contingent of technology companies, suppliers, and service providers.
Although the forum will feature a robust agenda of ten panel discussions, it is equally designed as a premium networking platform where meaningful business connections
are a central focus. Over the course of the two days, attendees will have ample opportunities to connect, share insights, and identify practical solutions to real-world
operational challenges.
The conference program will also spotlight key industry trends and developments.
Seaside LNG Announces Expanded C-suite Leadership Team
Seaside LNG Announces Expanded C-suite Leadership Team
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International Shipping News
30/04/2026
Seaside LNG, North America’s premier integrated LNG bunkering platform, today announced the appointment of a newly formed C-suite leadership team to guide the company’s next chapter of growth. As the only platform in North America offering integrated shoreside liquefaction, LNG storage and Jones Act-compliant bunkering capabilities under one roof, Seaside LNG is uniquely built to meet the industry’s rapidly expanding demand for cleaner maritime fuel.
The new C-suite leadership team represents a combined century of specialized experience spanning LNG liquefaction, regasification, maritime infrastructure, commercial strategy, and energy finance — the depth required to lead North America’s foremost LNG bunkering company as the market accelerates toward a projected $15+ billion industry by 2030.
“This is a defining moment for Seaside LNG and for North American maritime energy. We have built the
Port of Rotterdam Authority starts trial with ‘supersector’ Rozenburg/ Maassluis
Port of Rotterdam Authority starts trial with ‘supersector’ Rozenburg/ Maassluis
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Port News
30/04/2026
The Port of Rotterdam Authority will begin a pilot on 1 May in which the Rozenburg and Maassluis sectors will be temporarily merged into a single so-called supersector during specific periods. The pilot will run until 1 November 2026. The Port Authority wants to assess whether this method can contribute to a more balanced workload during quieter periods.
In the port of Rotterdam, shipping traffic is divided into 11 geographical sectors, each of which is monitored and supervised by Vessel Traffic Services (VTS), the traffic management service of the Harbour Master’s Division that ensures safe, smooth and efficient shipping traffic.
Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale
Ardmore Shipping Provides Update on Fleet Investment, Dividend Policy, and Vessel Sale
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International Shipping News
30/04/2026
Ardmore Shipping Corporation provided the following update on capital allocation, vessel sale, and latest TCE guidance.
Fleet Investment
The Company signed contracts for the construction of two highly-efficient and versatile 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, at a price of $44.9 million per vessel, inclusive of approximately $3 million for full IMO2 specification and MarineLine tank coatings. In addition, the Company is commissioning various performance and safety upgrades. The agreement also includes options to acquire two additional vessels on the same terms.
IMO Carbon Plan for Shipping Faces Growing Revolt as U.S. Courts ‘Silent Majority’
Opening of the IMO Marine Environment Protection Committee (MEPC) 84th Session, April 27, 2026. Photo courtesy IMO
IMO Carbon Plan for Shipping Faces Growing Revolt as U.S. Courts ‘Silent Majority’
Mike Schuler
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April 30, 2026
The U.S.
KBRV Highlights ETS Uncertainty For Offshore Vessels Ahead Of EU Maritime Forum
KBRV Highlights ETS Uncertainty For Offshore Vessels Ahead Of EU Maritime Forum
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International Shipping News
30/04/2026
Ahead of next week’s Offshore Working Group meeting of the European Commission’s European Sustainable Shipping Forum (ESSF), the Royal Belgian Shipowners’ Association (KBRV) sends a stark warning about the looming aberrations for the offshore shipping sector with next year’s ETS implementation.
The European offshore sector plays a crucial role in Europe’s energy transition. In particular, Belgian companies such as DEME and Jan De Nul are world leaders in offshore wind, dredging, and complex maritime infrastructure projects, in full support of Europe’s climate ambitions.
Yet the sector that is in full support of Europe’s climate ambition is due to be penalised with severe unfair competition with the upcoming implementation of the EU ETS in 2027.
“The key issue is that the foundational Monitoring, Reporting, and Verification (MRV) framework was designed for commercial