Topic
vessels
Logistics China's Panama-Flag Detention Campaign Starts to Ease, Data Shows
China’s detention of Panama-flagged ships dropped sharply in July to 16 from 140 in May, following Beijing–Panama City negotiations. Nearly 500 Panama-flagged vessels were detained since January, with the dispute rooted in the removal of CK Hutchison's Panama Ports Company from canal terminals.
Logistics Vafias-backed Stealth Maritime Orders Two More MR Tankers from HD Hyundai, Extending $1.3bn South Korea Newbuilding Drive
Harry Vafias-backed Stealth Maritime has ordered two additional 50,000 dwt MR product tankers at HD Hyundai Heavy Industries for $53m each, extending a South Korean newbuilding drive valued at around $1.3bn. The company now has at least 15 tankers under construction at South Korean yards across MR, LR2, suezmax and VLCC segments, with deliveries stretching through 2030.
Logistics Bangladesh leads ultramax buying spree as Meghna Group snaps up modern tonnage
Bangladesh has emerged as the most aggressive buyer in the dry bulk market, with ultramax bulkers leading a buying spree that saw five vessels change hands in the past week. Meghna Group is linked to purchases of two Oldendorff ultramaxes, while Seacon Tokyo sold for $41.6m. The buying spree is part of Bangladesh's efforts to expand its oceangoing merchant fleet, supported by financing discussions for an $80m IFC loan and a planned $1bn shipbuilding complex.
Logistics Sinotrans Doubles Qingshan Feeder Order with Second Quartet of 1,800 TEU Vessels
Sinotrans Container Lines is doubling its feeder vessel order at China Merchants' revived Qingshan Shipyard, issuing a procurement invitation for four additional 1,800 TEU ships. The move follows a May contract for an initial quartet and brings the total programme to eight vessels with an indicative investment of around RMB1.88 billion.
Logistics Pelagic Credit Enters Chemical Tanker Market with $24.7M Pre-Delivery Financing for Two Newbuilds
Pelagic Credit has made its first investment in chemical tankers, committing $24.7m to pre-delivery financing for two 10,000 dwt newbuildings. The vessels have secured long-term time charters with an unnamed energy infrastructure company. The transaction is expected to close this month and represents a diversification of the Oslo-listed company's portfolio beyond multipurpose and offshore support vessels.
Logistics Fertiliser Vessels Stuck at Indian Ports Raise Supply Fears for Peak Kharif Sowing
Two fertiliser vessels carrying DAP and urea have been waiting for berth at Kandla Port since July 14, delaying distribution ahead of India's kharif sowing season. Port congestion, limited railway rakes, and supply chain disruptions from the West Asia crisis are blamed. While urea supplies remain comfortable, DAP availability is tight due to constrained global ammonia and sulphur supplies.
Logistics ADNOC L&S Bulker Spending Nears $74m with Fourth Secondhand Vessel Acquisition
ADNOC Logistics & Services has acquired its fourth secondhand bulk carrier, pushing its total bulker spending to nearly $74 million. The latest purchase is the 61,500 dwt ultramax Aliya, built in 2011 by Shin Kasado Dock. The acquisitions have expanded ADNOC L&S's medium-sized bulker fleet to 12 vessels, comprising four ultramaxes, five supramaxes, and three handysize ships.
Logistics C Management expands capesize fleet to three ships with acquisition of two Maran Dry bulkers
C Maritime, the Cyprus-based owner behind the C Management platform, has acquired two capesize bulk carriers from Maran Dry Management, increasing its capesize fleet to three vessels. The 2009-built C Antares and 2008-built C Aurora, previously named Maran Happiness and Maran Argonaut, are now managed by Geneva-registered C Management. The transaction underscores fleet renewal trends among major Greek shipowners.
Logistics Indonesian Owners Give Older LNG Carriers a Second Life Amid Sliding Values
Indonesian owners have bought six large LNG carriers in 2026, half of which were laid up, as vessel values continue a four-year decline. Sillo Maritime Perdana and Soechi Lines each purchased a 158,000 cu m MISC vessel for about $65m, while Buana Lautan Line bought a 138,000 cu m steam turbine carrier for $14.9m. The reactivation of idle tonnage affects LNG shipping supply, while one older vessel is being scrapped.
Logistics Nissen Kaiun closes in on double-digit bulker sell-off, sells Lady Deena for $70m
Japanese shipowner Nissen Kaiun has sold the 183,000 dwt capesize Lady Deena for around $70m, just two ships short of double-digit vessel sales in six months. The sale to Chinese buyers sets a new price benchmark, rising nearly 7% from a comparable sale 10 weeks earlier. The company still operates one of the youngest capesize fleets, with 23 vessels averaging four years old.
Logistics HMM commits $1.1bn to 10 bulk and gas carriers in fleet diversification push
HMM has placed a KRW1.7trn ($1.1bn) order for eight bulk carriers and two gas carriers, continuing its expansion beyond container shipping. The investment aligns with a 2030 plan to grow its dry bulk fleet from 36 to 110 vessels and diversify into tanker and gas markets.
Logistics Container shipping shifts to smaller vessels as orderbook nears 13m TEU, Alphaliner reports
The global containership orderbook has reached 12.98m TEU across 1,592 vessels, according to Alphaliner. Since July 2025, 74% of new orders have been for ships below 6,500 TEU, a sharp reversal from the post-pandemic megaship boom. The shift reflects growing focus on regional and feeder markets where aging fleets need replacement, though the sub-6,500 TEU orderbook still lags replacement needs.
Logistics Erasmus Shipinvest Firms Up All Eight Kamsarmax Newbuilds at Jiangsu New Hantong Yard
Athens-based Erasmus Shipinvest Group has firmed up all eight kamsarmax bulk carrier newbuilds at China's Jiangsu New Hantong Ship Heavy Industry, exercising options on the original four-vessel order. The total investment is nearly $300 million, with deliveries expected to begin in 2028, adding 656,000 dwt of dry bulk capacity.
Logistics Big Boxships Flood into Mediterranean Trades as Vessel Sizes Nearly Double
The number of containerships exceeding 8,000 TEU in Mediterranean trades has risen from nine to 16 over the past year, a 78% increase, according to Alphaliner. MSC operates nine of these large vessels, while COSCO and Hapag-Lloyd also increase deployments. The 9,962 TEU Maersk Sirac now holds the record as the largest boxship in the region.
Logistics Hong Kong Firm Synelysia Orders Eight Feeders at Xinle
Synelysia Limited, a new Hong Kong company, has ordered up to eight feeder containerships at Xinle Shipyard. The vessels are expected to be delivered starting in 2028, with each ship costing approximately $32 million.
Logistics Purus Expands LNG Fleet with New Samsung Order
Purus Marine is linked to a new LNG carrier order at Samsung Heavy Industries, expanding its fleet. The $252m contract for a 174,000 cu m vessel is set for delivery in January 2029.
Logistics Huaxia Financial Leasing Seeks Yard Slots for Six Newcastlemaxes
Huaxia Financial Leasing is seeking yard slots for six newcastlemax bulk carriers, marking a significant expansion in the dry bulk sector. The Beijing-based company has launched a tender for vessels with a price cap of $79.5 million each.
Logistics Pingtan Minghui Ventures into Tanker Market with New Orders
Pingtan Minghui Shipping, traditionally a dry bulk carrier, has ordered two LR2 tankers, marking its entry into the tanker sector. The vessels, built by Taizhou JianXing Heavy Industry, are set for delivery in 2028.
Logistics Thenamaris Expands Tanker Fleet with New Orders
Thenamaris has expanded its tanker fleet by ordering new vessels in South Korea and China. The company has confirmed orders for MR2 product tankers and aframax/LR2 tankers, enhancing its market presence.
Logistics VLCC Orderbook Reaches Record High Amid Fleet Renewal
The VLCC orderbook has reached a record high, with 262 units on order, driven by fleet renewal needs. This surge in orders could impact freight rates and market dynamics, as older vessels are phased out.
Logistics BGN Expands LPG Fleet with New HD Hyundai VLGCs
BGN has ordered two new VLGCs from HD Hyundai, expanding its LPG fleet to 19 vessels. This move strengthens BGN's position in the LPG shipping sector.
Logistics Pleiades Expands Fleet with New MR Tanker Order in China
Greek owner Pleiades Shipping has placed an order for two MR tankers at Guangzhou Shipyard International, with deliveries set for late 2028. This move is part of a broader trend in the MR sector, with significant global orders impacting fleet capacity.
Logistics Global Ship Lease Orders 10 New Boxships for $917 Million
Global Ship Lease has ordered 10 new containerships worth $917 million, marking a strategic shift towards newbuilds. The vessels, set for delivery between 2028 and 2030, will enhance the company's fleet with ultra-high-reefer capabilities.
Logistics Jinhui's Strategic Fleet Renewal with Newbuild Orders
Jinhui Shipping and Transportation has ordered two new dry bulk vessels from Jiangmen Nanyang Ship Engineering in China, valued at $68.3 million. This move aligns with Jinhui's strategy to modernize its fleet by replacing older vessels.