Category: News

MARITIME NEWS 8-5-26

Posted on by Stas Margaronis

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U.S. Shipbuilding

CBO: Trump-Class Nuclear Battleships Could Cost $275 Billion, Strain U.S. Shipbuilding

Red Sea Attacks

Houthis Escalate Red Sea Campaign, Claim Eighth Saudi Tanker Attack

Strait of Hormuz

Shipping Industry Warns Against Potential Hormuz Transit Fees

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Draft Hormuz Deal Would Give Iran Control Over Gulf-Bound Ships, Sources Say

Hellenic News Articles

U.S. Collaborations

HII Expands Welding Automation at Ingalls Shipbuilding Through Partnership with HD HHI

Chinese Shipbuilding

Chinese Nation’s Shipbuilding Edge Runs Deeper Than Shipyards

U.S. Ag Trade

Wheat Futures Hit Over 3-Week Low
Soybeans Extend Decline Near 5-Week Low
Corn futures fall on forecast for U.S. Midwest rain

Global Ports

Peninsula and Evos Sign MOU to Develop Biofuel Storage Infrastructure in the Port of Algeciras

Chinese Ports

Towngas urges green methanol push in Hong Kong’s five-year plan
Shanghai Port’s single-day container throughput hits record high of 203,881 TEUs despite typhoon impact

Strait of Hormuz

Joint open letter in relation to no compulsory tolls or charges being introduced in the Strait of Hormuz
Strait of Hormuz disruption hits energy, fertilizer and industrial trade
Iran says reached a deal with Oman on Strait of Hormuz shipping route

Decarbonization

Hitachi, MOL, and JAL Sign MOU to Conduct Japan’s First Pilot Test of Carbon Dioxide Removal Technology on Kume Island, Okinawa

Maritime Technology

Drewry launches OpCost IQ: All-new vessel operating cost benchmarking tool

MARITIME NEWS 8-4-26

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Red Sea Attacks

Indian Cargo Vessel Sinks After Apparent Attack Near Yemen

U.S.-Iran Conflict

US Has Used ‘Virtually All’ of Its Long-Range Precision Missiles During Iran War, Sources Say

U.S. Maritime

Energy Secretary Signals Trump Likely to Extend Jones Act Waiver Again

White House Expected to Extend Controversial Jones Act Waiver, Sources Say

Strait of Hormuz

Cargo Ship Hit by Projectile in Strait of Hormuz, One Crew Member Missing

Hellenic News Articles

U.S. Collaborations

Korea partners with US to train shipbuilding workforce amid shortage

South Korean Shipbuilding

Fx hedges split Korea’s shipbuilding big three profitability
Samsung Heavy Hits Commercial Vessel Target Early

U.S. Ag Trade

Soybeans fall on forecasts for better Midwest rainfall
Wheat futures expected to open lower on CBOT Tuesday
Corn futures fall on forecast for U.S. Midwest rain
Soybeans Hold Near 1-Month Low

Global Ports

Klaipėda Port reports growth and expanding Baltic market share
India in talks with Iran to secure Chabahar Port while awaiting US sanctions relief

Port of Rotterdam

Work starts on new green space near Droespolderweg in Rozenburg: 114 trees to be planted
Port of Rotterdam pilot marks a step towards restoring oyster reefs in the North Sea

Strait of Hormuz

Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with ‘freedom of movement’
Second tanker with Qatari LNG struck in Hormuz within a month as force majeure widens

Maritime Technology

ZeroNorth introduces Propel, a new agentic AI partner for maritime operations

Green Shipping

bound4blue Completes eSAIL® Installation On Groundbreaking South Pacific Multipurpose Vessel

MARITIME NEWS 8-3-26

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Maritime Threats

Six Saudi Tankers Turn Away From Gulf of Aden, Ship-tracking Data Shows

U.S.-Iran Conflict

How Iran is Widening Its Pressure Campaign to Force U.S. Concessions

Strait of Hormuz

Trump Says U.S. Controls Strait of Hormuz as Iran Denies Talks

GasLog LNG Carrier Damaged Exiting Hormuz as UKMTO Reports Two New Attacks

Maritime Health

Seafarer Happiness Slips as Chronic Strain Replaces Crisis, Survey Finds

Hellenic News Articles

Chinese Shipbuilding

China cements global shipbuilding lead as vessel orders surge, marine economy gains pace in H1

U.S. Collaborations

Hanwha delays Philly Shipyard profit as U.S. costs rise and orders slip

South Korean Shipbuilding

HD Hyundai Vietnam Shipbuilding Co., Ltd. has commenced construction of a new 115,000-ton LNG LR2 dual-fuel tanker
HD Hyundai smashes Q2 forecasts as shipbuilding, refining power surge

Green Shipping

STX Engine wins Maersk order to power 14 ultra-large container ships

U.S. Ag Trade

Brazilian, US soybean prices remain high despite drops; Brazil still top origin
Chicago wheat posts first monthly gain in three months

Chinese Ports

Shanghai Port reaches 2 million cbm LNG bunkering landmark

Global Ports

Cargo logjam for years eating up 40% of Ctg Port’s capacity
Adani Ports Cargo volumes jump 15% from last year in July, near 50 MT mark
Engaged with stakeholders on Chabahar Port project: Govt tells Lok Sabha

U.S. Port News

Dr. Noel Hacegaba at 6 Months: ‘Halftime’ Report
Clean Truck Fund’s Year 5 Priority: Helping Existing ZE Trucks

MARITIME NEWS 7-31-26

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South Korean Shipbuilding

HD Hyundai Launches First Vessel Built at Revived Subic Bay Shipyard

Strait of Hormuz

Hormuz Oil Shuttling Trade Is Picking Up Again After Lull

Global Trade

Carrier Discounts Push Container Spot Rates Lower Ahead of August GRIs

Hellenic News Articles

U.S. Shipbuilding

HII Reports Second Quarter 2026 Results

U.S. Collaborations

HD Hyundai to Help Modernize U.S. Shipyards with End-to-End Shipyard Solutions

Chinese Ports

Huanggang Port upgrade nears completion as HK-side area begins commissioning

Global Ports

Arab League, Kuwait condemn drone attack on ships at Egypt’s Damietta port

Global Trade

Xeneta Weekly Ocean Container Shipping Market Update: Ocean Container Rates Steady
Drewry: World Container Index Down 3% Last Week

Strait of Hormuz

Venezuela Steps In as the Hormuz Crisis Re-routes VLCC Trade Out of the Gulf

Maritime Technolog

Dualog launches Workspace for secure ship–shore collaboration
Middle East shipping bottleneck persists as Iran, Houthi rebels ramp up attacks

MARITIME NEWS 7-30-26

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U.S. Shipbuilding

Fincantieri Sees U.S. Naval Shipbuilding Driving Growth as Profit Hits Record High

Red Sea Incidents

Maritime Expert Warns Against Underestimating the Houthis’ Resolve

Maritime Security

Saudi Arabia Unveils Plans for Multinational Red Sea Maritime Security Coalition

Shipping Industry Urges Protection for Civilian Seafarers as Global Maritime Threats Escalate

Suez Canal

Drone Strike Near Suez Canal in Egypt Raises New Security Threat in Widening War

Global Trade

Container Spot Rates Fall for Third Straight Week as Demand Continues to Ease

U.S. Port News

GAO Warns Gaps in TWIC Program Could Leave U.S. Ports Exposed to Security Risks

Strait of Hormuz

New U.S. Sanctions Target Iran’s Emerging Strait of Hormuz Maritime Services Network

Hellenic News Articles

Chinese Shipbuilding

China: Shipbuilders see smooth sailing ahead

South Korean Shipbuilding

Hanwha Ocean Expands FPSO Standardization Abroad
HD Korea Shipbuilding surges 10% in Seoul on earnings beat

U.S. Ag Trade

Soybeans Hit 1-Month Low

Global Ports

Portsmouth shore power system enters full operation after testing

Maritime Weather

New Super Typhoon Could Disrupt Taiwan & China Ports Again

Green Fuels

New report calls for standardised approach to Safe Havens on ammonia-fuelled ships

Strait of Hormuz

From Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’

MARITIME NEWS 7-29-26

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Global Offshore Wind

ABS Sees Floating Offshore Wind Driving Surge in Demand for Support Vessels

Maritime Incidents

Middle East War Expands With Reported Drone Attack on U.S.-Owned FSRU in Egypt

Shipping Industry Urges Protection for Civilian Seafarers as Global Maritime Threats Escalate

Strait of Hormuz

New U.S. Sanctions Target Iran’s Emerging Strait of Hormuz Maritime Services Network

Hormuz Tensions Flare After U.S.-Saudi Strikes, Iran Claims Attacks on Tankers

Hellenic News Articles

South Korean Shipbuilding

HD Korea Shipbuilding surges on pricier ships, lifts Q2 profit 73% in Korea
Korean shipbuilders to square off next in Saudi Arabia, Thailand and Greece

U.S. Ag Trade

Soybean Futures Near 2-Week Low
Soybeans drop on forecasts for beneficial Midwest rains in August

Port of Rotterdam

Bunker volumes in the port of Rotterdam declined by 25.1% in the first half of 2026

U.S. Port News

Port of Savannah volumes up 18% in June

Global Ports

Adani Ports Q1 net profit rises 10% to Rs 3,650 crore; revenue climbs 19% on-year
Hopes new £40m scheme can reduce traffic at Port of Dover
DP World Completes Dredging Ahead Of Schedule At Senegal’s Port Of Ndayane

Decarbonization

Shipping must stop treating decarbonisation as a ‘future fuel’ problem, says BAR Technologies

Maritime Safety

INTERCARGO calls for protection of seafarers and civilian shipping

MARITIME NEWS 7-28-26

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Maritime Companies

CMA CGM, Stonepeak Complete $2.4 Billion United Ports Joint Venture

CMA CGM Posts Strong Q2 Earnings as Middle East Disruptions Boost Shipping Rates

U.S. Collaborations

Korea–U.S. Shipbuilding Partnership Center Launches to Advance $150 Billion MASGA Initiative

South Korean Shipbuilding

HD Hyundai Samho Delivers First Very Large Ammonia Carrier to Maersk

Red Sea Attacks

Houthis Claim Fourth Attack on Saudi Tanker as Red Sea Blockade Intensifies

U.S. Maritime

Opinion: The Case for the Jones Act: American Commerce, Workers, Security

Strait of Hormuz

Oman Floats Gulf-Backed Plan to Manage Strait of Hormuz With Voluntary Transit Fees

Hellenic News Articles

South Korean Shipbuilding

DN Solutions showcases ship part machining and automation to boost Korea shipbuilding

U.S. Collaborations

Hyundai Movex leads Korea–US push on autonomous shipyard transport
Korea shipbuilders drive US yard revival with design, automation, and training

U.S. Ag Trade

Wheat futures expected to open lower on profit-taking
Soybeans fall on selling pressure despite strong export demand

U.S. Port News

Transformative Port, IBEW Program Sparks Electrical Careers
Record Year Achieved by Port Sponsorship Program
HD Hyundai Samho to supply cranes for Port of Tacoma

Port of Rotterdam

First phase of the widening of the Yangtzekanaal complete, next phase started

MARITIME NEWS 7-27-26

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Maritime Mining

Japan Identifies Large Share Of Rare Earths In Deep-Sea Mud Off Remote Island

Maritime Incidents

Tugboat Captain Pleads Guilty in Fatal Biscayne Bay Collision That Killed Three Children

Green Shipping

Nuclear Ships Just Cleared Three Design Reviews, But They’re Potentially Decades From Trading Port to Port

U.S.-Iran Conflict

U.S.-Iran Pause Attacks for Third Night as Diplomacy Tempers Fears of Wider War

Red Sea Attacks

Red Sea Shipping Slows After Houthi Attack On Saudi Arabia

Hellenic News Articles

U.S.-China Tensions

Charting a New Course: Countering China’s Dominance in Global Shipbuilding

South Korean Shipbuilding

Korea backs shipbuilders to adopt domestic green, autonomous equipment
Daehan Shipbuilding Wins Two Suezmax Orders
Korea ship engine makers outpace shipbuilders as China demand lifts orders

U.S. Collaborations

HD Hyundai Samho wins Tacoma crane deal, accelerates Korea-U.S. MASGA

U.S. Ag Trade

Soybeans fall on profit-taking and declining oil prices
CBOT wheat futures expected to open lower on profit-taking
Corn Falls from 5-Week High

Global Ports

Contract awarded for Pilbara Ports Utah Ring Road reconstruction project
Hambantota Port Clarifies Vehicle Storage Policy as RORO Volumes Continue to Grow

MARITIME NEWS 7-24-26

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Panama Canal

Panama Canal Advances Energy Corridor Bid Process as Prequalification Phase Moves Forward

U.S. Trade

Tariff-Driven Frontloading Pays Off as Trump Reinstates Global Import Duties

Trump Revives Global Tariffs Under New Legal Authority

Hellenic News Articles

South Korean Shipbuilding

HD Korea Shipbuilding & Offshore Engineering Pursues AI-Driven Transformation of Shipbuilding Industry

U.S. Collaborations

Korea-U.S. Shipbuilding Partnership Center opens as Korean firms step up joint projects
ABS Joins Korea-U.S. Initiative to Build Next-Generation Shipbuilding Workforce
ABS Joins Landmark Korea-U.S. Initiative to Advance the Future of Shipbuilding

U.S. Ag Trade

Corn Hits Fresh 9-Week High
Soybeans Near May 2024 High

Decarbonization

How shipping should be buying clean technology

Global Trade

Drewry: World Container Index Down 4% Last Week

MARITIME NEWS 7-22-26

Posted on by Stas Margaronis

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U.S. Shipbuilding

U.S. Polar Security Cutter Delayed to 2033 as Costs Top $6 Billion, GAO Warns

Red Sea Attacks

Houthis Resume Attacks on Shipping, Claim Strikes on Two Saudi Tankers

Houthi Threats Give Oil Markets a ‘Two Chokepoint Problem’

U.S. Port News

Port of Long Beach, MARAD Launch First U.S. Partnership on Nuclear-Powered Shipping

U.S. Shipbuilding

ABS Grants AIP for Nuclear-Powered 15,000 TEU Containership Concept

U.S.-Iran Conflict

Trump’s New Warning to Iran: Attack a Ship in Hormuz, Lose a Bridge or Power Plant

Hellenic News Articles

South Korean Shipbuilding

GTT receives an order from Samsung Heavy Industries for the tank design of one new LNG Carrier

Global Shipbuilding

5 Indian Shipyards Transforming the Maritime Landscape
Bahri Line announces newbuild program for dual fuel LNG-powered RoCon vessels

Chinese Shipbuilding

China grabs ADNOC LNG orders as challenge to Korea’s shipbuilders grows

U.S. Ag Trade

Wheat prices rise on Black Sea attacks and lower US crop estimates
Corn futures expected to open higher on oil prices and weather

Global Ports

The Port of Bilbao welcomes the largest container ship ever to call at its facilities

Global Trade

HMM Q2 profit seen jumping 80% on higher container freight rates: report

MARITIME NEWS 7-21-26

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U.S. Coast Guard

Coast Guard Cuts Merchant Mariner Credential Wait Times to Four Months

Strait of Hormuz

Hormuz on a Knife-Edge: Shipping Pays the Price as the Iran-U.S. Ceasefire Unravels

Second Tanker Abandoned in 24 Hours After Latest Strait of Hormuz Attack

Panama Canal

Global Trade Faces Fresh Test as Panama Canal Curbs Bookings

Hellenic News Articles

South Korean Shipbuilding

HD Hyundai Names Qatar LNG Carrier

Global Shipbuilding

Bahri Logistics Signs Agreement with Grandweld Shipyard to Build Advanced Offshore Support Vessels

Chinese Shipbuilding

Largest shipbuilder exploring automated design

U.S. Ag Trade

Soybean Futures Hold Firm

Global Ports

Imports drive Valenciaport’s container traffic and increase by 11.14% in the first half of 2026
Container Traffic To Drive Growth At Indian Ports Up To 9% CAGR Through FY28: Motilal Oswal
Why India’s development of Indonesia’s Sabang port near Malacca Strait is a major strategic move

Port of Rotterdam

Via Rotterdam to Munich: trailers now transported by rail

U.S. Port News

GPA’s Ocean Terminal renovation now 55 percent complete

Strait of Hormuz

Middle East Conflict: Strait of Hormuz Transits Back To 90% Below “Normal”

Green Shipping

Capital Ship Management, K Shipbuilding and LR target scalable wind-assisted propulsion for MR tanker sector

Decarbonization

Yang Ming and PSA International Partner to Advance Sustainable Solutions for Decarbonising Global Supply Chains

Maritime Energy

CorPower Ocean secures world-first DNV certification for wave energy technology

MARITIME NEWS 7-20-26

Posted on by Stas Margaronis

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U.S. Shipbuilding

TOTE, Hanwha Philly Shipyard Selected to Build Trump’s ‘Golden Dome’ Missile Defense Vessels

California Forever, Labor and Business Coalition Blame Permitting Delays for Losing $3.2 Billion Shipyard to Texas

Texas A&M’s Lone Star State Christened as Fourth National Security Multi-Mission Vessel

Strait of Hormuz

New Tanker Attack Reported Near Strait of Hormuz as U.S. Continues Strikes on Iran

Shipowner Offers Seafarers Six Months’ Pay to Sail Through Strait of Hormuz

Crew Abandons Burning Tanker After Attack Near Strait of Hormuz

Dynacom’s Hormuz Strategy Tested as Two Tankers Come Under Attack

Maritime Incidents

Former Ship Captain Pleads Guilty to Drugging, Raping U.S. Merchant Marine Academy Cadet at Sea

Hellenic News Articles

U.S. Ag Trade

Soybeans Hit 9-Week Top

South Korean Shipbuilding

Naver Cloud and HD Korea Shipbuilding drive AI cloud for Korea’s shipyards
HD Hyundai Heavy Industries halts production after fatal Ulsan shipyard accident

Global Ports

Saudi-Backed RSGT International Delivers Landmark USD 170 Million Port Investment In Bangladesh, Extending Rsgt’s Global Maritime Reach Ahead Of Time
Alexandria Port posts record cargo throughput in FY 2025/26
Cargo throughput at Port of Antwerp-Bruges dips in H1 2026 on geopolitical tensions, weak demand

U.S. Port News

Kevin Price starts as President of Georgia Ports

Decarbonization

The Port Community Is Making Progress In Decarbonisation, Energy Efficiency And New Fuels