Big Bank CEO pay surged by $45 million in 2025

Performance Shipping Inc. Announces Sale of M/t P. Sophia for $35.65m

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to sell its oldest

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Teledyne Valeport Sponsors UK River Conservation Charity

Teledyne Valeport has announced a year-long sponsorship of UK-registered charity Westcountry Rivers Trust (WRT), which protects, conserves, and restores rivers across the South West.The funding, from the manufacturer of oceanographic and hydrographic

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MacGregor to Supply Cargo Access, Deck Machinery for BC Ferries’ Newbuilds

MacGregor has been selected to supply cargo access solutions and deck machinery for four new major vessels under BC Ferries’ fleet renewal program.The next-generation vessels, to be built at China Merchants Industry

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Arctic Shipping Increased to Record High in 2025

The number of ships operating in the Arctic reached a record high in 2025, according to new data from the Arctic Council Working Group on the Protection of the Arctic Marine Environment

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Ship Recycling Market Quiet Ahead of Chinese New Year

The second week of February brought on a really confusing spin to the markets, with fundamentals across the board performing bizarrely (compared to last week’s performance), reports cash buyer GMS.“After a volatile

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Yanmar Prepares for Hydrogen Engine Production

Yanmar Power Solutions has acquired a site in Amagasaki City, Japan, to conduct test runs of marine hydrogen engines.The company says it will develop and build powertrains that can be used with

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Fincantieri Receives Order for Three Cruise Ships from Norwegian Cruise Line Holdings

Fincantieri announced the acquisition of an order from Norwegian Cruise Line Holdings Ltd. for the construction of three next-generation cruise ships. The value of this agreement, subject to financing and other typical

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DOF Group ASA Awarded Contract in Argentina

DOF Group ASA announced the award of a substantial contract for a project in Argentina. The project is scheduled for offshore operations across two campaigns in Q2 and Q3-Q4 of 2026 and

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Container Shipping Consolidation Continues with $4.2B ZIM Acquisition

In a move that further reshapes the global liner landscape, Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services Ltd. in an all-cash transaction valued at approximately $4.2 billion, the companies announced