Baltic Index Vessel Rates Fall Across the Board

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors

HAV Design Names New Managing Director

Norway-based ship designer HAV Design has appointed Richard Schofield as its new managing director.Schofield has 20 years’ management experience from maritime industries. He has held leadership roles at maritime suppliers Kongsberg Evotec

NYK, Neptune Ink Robotic Hull Cleaning Deal in Maritime Decarbonization Push

Nippon Yusen Kabushiki Kaisha (NYK Line), one of the world’s largest shipping companies, has expanded its partnership with Neptune Robotics to scale up robotic hull cleaning across its global fleet in a

Ulsan Port Completes Its First Green Methanol STS Bunkering for Bulk Carrier

Ulsan Port Authority (UPA) has completed Korea’s first methanol bunkering for a dual-fuel bulk carrier at Ulsan Port.The STS for a bulk carrier, conducted on September 28, 2025, follows Ulsan Port’s world-first

Ship Recycling Market Faces Disconnect

“Global markets seem to be going through quite a disconnect of late as on the one hand, the last couple of months has seen a multitude of directions that stock markets, trading

China Oil Port to Ban Shadow Fleet

Terminal operators in a major oil port in east China's Shandong province are set to introduce measures to ban shadow fleet vessels and curb visits by other old tankers, according to an

HII Completes Builder’s Sea Trials for Destroyer Ted Stevens

HII’s Ingalls Shipbuilding division successfully completed builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128), marking a major milestone in the construction of the second Flight III destroyer built at

HD Hyundai Advances Shipbuilding Cooperation with Saudi Arabia

Chung Kisun, Executive Vice Chairman of HD Hyundai, has met with H.E. Khalid AlFalih, the Minister of Investment of Saudi Arabia, to discuss the operation of the joint shipyard and engine plant

Russia to Partially Ban Diesel Exports Until Year-End Following Drone Attacks

Russia is set to introduce a partial ban on diesel exports until the end of the year to tackle shortages following a spate of Ukrainian drone attacks on Russian refineries but traders