The Panama Canal Authority (ACP) will increase the number of vessels permitted to transit the waterway each day from 32 to 33 starting October 15, 2026, following improved rainfall in the canal
The Trump administration is setting its sights on revitalizing American shipbuilding with an ambitious industrial strategy designed to enhance the nation’s maritime strength. The initiative, expected to be formalized through an executive
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In a major milestone for China’s shipbuilding industry, the country has delivered its latest dual-fuel car carrier, capable of carrying up to 8,600 vehicles. The new vessel, named Wen Jing Kou, was
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Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
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The recent decision by Hong Kong conglomerate CK Hutchison to sell its stakes in two Panama Canal ports to American asset manager BlackRock has drawn significant backlash from Beijing, thrusting the American
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The International Maritime Organization (IMO) is spearheading efforts to modernize the global shipping industry with a comprehensive digitalization strategy aimed at boosting efficiency, safety, and sustainability. During its 49th session in London
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Despite the perception that oil piracy is a thing of the past, the danger of petro-piracy continues to be a pressing issue for the global oil industry. Petro-piracy refers to the hijacking
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The shift towards digitalisation in shipping operations has significantly changed the industry’s risk landscape. While emerging technologies such as blockchain-based shipping documents, e-navigation, and IoT-enabled sensors enhance efficiency and transparency, they also
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In 2024, 128 major maritime construction projects were launched globally, with a total investment of approximately $52.63 billion. The combined cost of the ten most expensive projects alone reached around $26 billion,
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Hong Kong-based conglomerate CK Hutchison saw its shares plummet more than 6% on Friday after China strongly criticized its $22.8 billion deal with US asset manager BlackRock for the sale of its
More Shares in Clarksons, the world’s largest shipbroking company, plummeted by more than 20% on Monday following a warning that rising geopolitical tensions are negatively impacting shipping deals. The London-listed company reported in
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An oil tanker and a cargo ship collided off the coast of eastern England on Monday, setting both vessels on fire and prompting a large-scale rescue effort, emergency services reported. The incident
More President Donald Trump has developed an intense focus on shipbuilding, even texting about rust issues late into the night, according to John Phelan, his nominee for Navy secretary. He has also floated
More A coalition of billionaire investors, including BlackRock CEO Larry Fink, infrastructure mogul Adebayo Ogunlesi, and Hong Kong tycoon Li Ka-shing, has orchestrated a $22.8 billion acquisition of key global ports—most notably, two
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OPEC+ has announced it will move forward with plans to increase oil production starting in April, a decision that caught markets off guard and led to a sharp drop in crude prices.
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In a significant development in global trade and investment, BlackRock announced on Tuesday that it has agreed to acquire two ports serving the Panama Canal from Hong Kong’s CK Hutchinson. This move
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