Ship Buy & Sell

K Line Expands LNG Fleet with Two New Carriers for PETRONAS

Wallenius Wilhelmsen Secures $420 Million Contract Extension with European Automaker

Wallenius Wilhelmsen has secured another major long-term agreement, extending its partnership with a leading European automotive manufacturer in a deal valued at approximately $420 million. Beyond providing stable business through 2031, the contract highlights how sustainability is becoming an…

Norway Invests $130 Million to Accelerate Fleet of Zero-Emission Vessels

Norway has reinforced its position as a global leader in green shipping by committing more than $130 million to build 10 new zero-emission vessels. The investment is part of a broader strategy to decarbonise domestic shipping and develop the fuel infrastructure required to support the industry’s…

Sallaum Lines Bets on Bigger, Greener Future with Order for 8,600-CEU Car Carriers

Vehicle carrier operator Sallaum Lines has placed one of the largest fleet investments in its history, ordering a new generation of dual-fuel car carriers designed to increase capacity while preparing for the next wave of maritime decarbonization.

Supertanker Ordering Frenzy Reaches New Record as Owners Bet on Future Demand

The global tanker market is witnessing a historic surge in newbuilding activity, with shipowners ordering more Very Large Crude Carriers (VLCCs) than at any point in recorded history. While strong freight earnings and aging fleets are driving investment, many industry veterans are also warning that…

Ciner Expands Shipping Bet With Major Ammonia Carrier Order in South Korea

Turkish conglomerate Ciner Group is continuing its rapid fleet expansion strategy, with market sources linking the company to a new order for six very large ammonia carriers (VLACs) at South Korea’s HD Hyundai Samho shipyard.The deal highlights growing confidence in ammonia’s future role in global…

Simulation, Not Assumptions: How ABS Is Building a Safety Case for Ammonia at Sea

Ammonia is fast emerging as a front-runner in shipping’s race to net zero.But turning a carbon-free fuel into a safe, workable reality onboard requires more than new engines — it demands a fundamental rethink of maritime safety management.As the industry pushes beyond LNG and methanol toward…

Valenciaport Sets New TEU Benchmark as Profits Surge in 2025

Spain’s busiest container gateway has closed 2025 on a high note.Stronger cargo flows, disciplined cost control, and steady carrier confidence pushed Valenciaport to record container volumes and sharply improved profitability — even as global trade conditions remained uncertain.The Port Authority…

Maersk Slips Into Ocean Loss as Liner Market Turns — 1,000 Jobs to Go

The container cycle has clearly shifted.Maersk has reported a fourth-quarter loss in its ocean division and announced 1,000 job cuts, underscoring what many in the industry already feel: the pandemic-era boom is firmly behind us, and a tougher freight market is taking shape.

SDHI Wins India’s First Chemical Tanker Order; One of the Largest Commercial Shipbuilding Deals for the Nation

Six advanced chemical tankers ordered at Pipavav signal a turning point for India’s commercial shipbuilding ambitions.India’s largest shipyard is back in business—and this time, it’s global. Swan Defence and Heavy Industries (SDHI) has secured a major international order for six IMO Type II…

China Shifts Soybean Buying Back to Brazil After Meeting U.S. Trade Target

China has fulfilled its short-term commitment to buy U.S. soybeans — and is now pivoting back to cheaper Brazilian supply.For bulk shipping and commodity traders, the shift highlights how price spreads and geopolitics continue to steer cargo flows.

GESCO sells Product Tanker “Jag Pranav”

India’s Great Eastern Shipping Co. is carrying out their Product Tanker fleet renewal initiative, and sources have confirmed that they have managed to sell another vintage MR Tanker – Jag Pranav. The Jag Pranav is a 30,095 GT Oil Product Tanker first commissioned on 5th January, 2005.