Hanwha Ocean recorded an “earnings surprise” in the second quarter of this year, driven by strong performance in its commercial and special vessel businesses. Hanwha Ocean announced on the 27th that it achieved sales of 5.4332 trillion Korean won and operating profit...

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Daehan Shipbuilding has achieved its largest annual order volume since its founding by securing a large-scale order at the start of the second half of the year. Daehan Shipbuilding announced on July 27 that it signed a construction contract for two Suezmax-class crude...

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The government is reviewing a plan to support the expense of installing domestically made eco-friendly and autonomous-navigation equipment by Korean shipbuilders, according to reports on the 24th. The aim is to support domestic equipment suppliers that are struggling...

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IBIA is aware of recent reports highlighting operational issues observed in connection with certain residual marine fuels containing components which may indicate the presence of shale oil. IBIA’s Technical Working Group has reviewed the information currently...

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Greenhouse gas (GHG) emissions by ships on EU-linked voyages increased in 2025, according to EU MRV data, largely due to new ship categories entering the reporting scope. Total GHG emissions rose by 2.1% on the year to 156 million mt of carbon dioxide-equivalent...

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that is the largest shareholder of Genco Shipping & Trading Limited, responded to Genco’s false and misleading July 23 news release, which...

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