Topic
shipping industry
Logistics BGN Launches US Gulf Bunkering Arm, Expanding into Direct Physical Supply of Marine Fuels
BGN has launched its first US retail bunkering operation, supplying conventional marine fuels from Houston across the Gulf Coast. The new business will serve the company's own LPG fleet and third-party customers, supported by a partnership with Centerline Logistics and two chartered barges. The move expands BGN beyond wholesale fuel trading into direct physical supply, while the company continues to grow its LPG and LNG shipping footprint.
Logistics C. Y. Tung Biography Charts Rise of Chinese Deepsea Shipping From Marginal Force to Global Player
A newly published biography, 'C. Y. Tung (1912–1982) and the Rise of Modern Chinese Shipping', chronicles the Hong Kong shipowner's career from the 1930s to his death in 1982. Written by maritime historian Howard Dick and Stephen Kentwell, the book details Tung's role in building a Chinese merchant fleet capable of competing globally, including his pioneering container ships and the ill-fated Seawise University project.
Logistics AI-Powered Operations Centers Set to Transform Shipmanagement, Doubling Fleet Share
Mitsui OSK Lines and IBM, along with NYK and Microsoft, are pioneering AI-powered 24-hour operations centres that could double the industry's share of the world fleet. Current third-party management covers only 15% of IMO-registered vessels, but scalable AI models aim to raise that to 30-50% within five years.
Finance Global Bank Ship Finance Portfolios Rebound to $300.6bn in 2025, Petrofin Report Shows
Global bank lending to shipping grew 6% in 2025, with top 40 banks' portfolios reaching $300.6bn, according to the Petrofin Global Bank Research report. The recovery was broad-based, led by European and Greek banks, while borrowing conditions improved with lower margins and fees. The outlook is for modest growth in 2026-2027, though banks are becoming more selective.
Logistics Diana Shipping and Genco Trade Fire Before Tender Deadline as Public Battle Escalates
The takeover fight between Diana Shipping and Genco Shipping & Trading has intensified in the final stretch before Diana's tender offer deadline on July 10. Genco has urged shareholders not to tender, arguing that the offer undervalues the company, while Diana accuses Genco of avoiding negotiations. As of June 26, 10.6 million Genco shares had been tendered, representing 28.4% of outstanding shares not owned by Diana.
Logistics Gard Report Finds Routine Work Behind Most Seafarer Injuries in 2025
A new report from Norwegian marine insurer Gard finds that most seafarer injuries occur during routine shipboard work, often involving experienced crew. Slips, trips, and falls are the leading cause at 29%, with the first month of contract and morning hours posing highest risk. The findings highlight ongoing safety challenges that can affect crew availability and shipping operations.
Logistics Shipping Industry Rejects Single-Vendor Digital Future, Survey Shows
A SplashTech survey of leading maritime companies reveals a strong industry rejection of a single technology vendor. Respondents cite concerns over vendor lock-in, reduced flexibility, and loss of competition, preferring instead an ecosystem of specialist providers with strong integration.
Logistics Lohmann Sells Final Feeder Ships to Lila Global
Hermann Lohmann Bereederung has sold its last two container vessels, Marina L and Theodor, to Lila Global, marking its exit from container shipping. The vessels are currently chartered to CMA CGM and X-Press Feeders.
Logistics Icon Energy Ventures into Container Shipping
Icon Energy, a Greek dry bulk owner, is diversifying by acquiring a minority stake in a container shipping venture. The investment involves a 2,000 TEU feeder vessel chartered at $26,500 per day, generating $19 million over two years.