The Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with the Ministry of Municipalities and Housing to enhance collaboration on the establishment, development, and operation of marinas. The agreement also covers the creation of marine...

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The sharp decline in Australian dry bulk flows in early 2025, as depicted in the data, can be directly linked to the severe disruptions caused by Cyclones Sean and Zelia. These extreme weather events led to temporary port closures, infrastructure damage, and halted...

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The ship recycling market has kept on facing a challenging landscape. In its latest weekly report, Best Oasis, a leading cash buyer of ships said that “the global ship recycling market remains weak and sluggish, with low demand and limited transactions across key...

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Technology group Wärtsilä has signed a Lifecycle Agreement with CMA Ships, a subsidiary of leading French shipping company CMA CGM. The agreement covers 14 large LNG-fuelled container ships already in operation. The order with Wärtsilä was booked in Q1 2025. In...

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