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News
Ports grapple with the age of burst congestion
2+ hour, 21+ min ago (633+ words) Ports increasingly face a problem that cannot be solved simply by looking at annual capacity: too many ships arriving at exactly the wrong time. A port can have enough cranes, berths and yard space to handle its annual cargo volumes…...
Xiamen Port lines up terminal equipment upgrades
13+ hour, 3+ min ago (199+ words) Xiamen Port Development has approved more than RMB110m ($16m) of new cargo-handling investment across its Gulei and Songyu operations, including the remote conversion of six container cranes. The Shenzhen-listed port group’s board signed off on a RMB60.89m specialised coal-handling facility at the Gulei…...
Shearwater expands Norwegian footprint with new 3D seismic survey
12+ hour, 27+ min ago (160+ words) Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had…...
BW LPG India adds to ageing VLGC disposal run
10+ hour, 27+ min ago (378+ words) BW LPG India is cashing in again on strong secondhand values, agreeing another $64m disposal of older tonnage as the wider group steps up a fleet renewal programme that includes nearly $1bn of newbuildings. The 52%-owned subsidiary of New York- and Oslo-listed…...
Astro Offshore adds MPSV to fleet as Oceaneering partnership takes shape
10+ hour, 57+ min ago (182+ words) Adani-owned offshore service provider Astro Offshore has signed a strategic memorandum of understanding with Oceaneering International and added another MPSV vessel to its fleet. The collaboration brings together Astro Offshore’s offshore vessel capabilities with Oceaneering’s globally recognised ROV, survey, and…...
Medcare linked to five-ship MR1 order in China
12+ hour, 57+ min ago (157+ words) Greek owner Medcare Shipping has been linked to an order for up to five MR1 product and chemical tankers at China’s Anhui Zhongrun Heavy Industry. The Wuhu-based yard has confirmed a contract with an unnamed Greek owner covering two firm 41,000 dwt…...
Ningbo Marine maps out five-ship bulker expansion
11+ hour, 57+ min ago (414+ words) Shanghai-listed Ningbo Marine is lining up another five bulk carrier newbuildings in China, expanding a fleet renewal programme that could see the owner add close to 600,000 dwt of fresh tonnage. The Zhejiang Energy-backed company has approved up to CNY980m ($136m) for four…...
H??egh Autoliners lines up more car carriers
11+ hour, 27+ min ago (518+ words) Höegh Autoliners has doubled down on its Aurora-class fleet renewal drive, ordering another six 9,100 ceu car carriers in China and tapping shareholders for NOK1.42bn ($152m) to help fund the expansion. The Oslo-listed owner has signed contracts with China Merchants Heavy Industry for…...
Redstone brings $29m into ocean tech fund
13+ hour, 48+ min ago (127+ words) European venture capital firm Redstone has raised €25m ($29m) at the first close of its ocean technology fund, Redstone Blue. Launched in 2025, the fund will invest from pre-seed to Series A, with initial tickets ranging from €200,000 to €2m. Redstone said it will use…...
Ningbo-Zhoushan overtakes Singapore as world???s number two boxport
14+ hour, 11+ min ago (200+ words) Ningbo-Zhoushan has overtaken Singapore to become the world’s second-busiest container port for the first time over a six-month period, according to new rankings from Alphaliner. The Chinese gateway handled 22.9m teu during the first half of 2026, an increase of 8.8% year-on-year, narrowly…...