In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further...

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The ship recycling market lacked momentum during the past week. In its latest weekly report, Best Oasis, a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye continue to face a lack of momentum, with sentiment soft and activity...

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This year’s Port State Control Concentrated Inspection Campaign (PSC CIC), taking place from 1 September to 30 November 2025, will focus on ballast water management. This news also shares some updates of DNV’s PSC Top 18 detainable deficiencies list. Every year, PSC...

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Europe’s ports are failing to tackle toxic air pollution, a new study looking at major European ports shows. The study carried out by DNV, on behalf of T&E, shows that to date just 20% of the EU’s required electric shore power infrastructure has been installed or...

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For years, shipping’s relationship with autonomy has been one of cautious optimism, mixed with deep scepticism. We’ve talked about autonomous ships as if they were distant sci-fi, something for the 2040s – after the technology matures, after the IMO agrees on every...

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Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it has closed a $600 million revolving credit facility, amending its existing facility to provide significant...

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