Shipping Industry News

Russia’s gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine.The nation produced 334.8 billion of natural and associated gas through June, down 3.2% from the same period a year ago, according to Bloomberg calculations based on industrial output data from the nation’s Federal Statistics Service. Russia’s energy giant Gazprom PJSC accounts for nearly two thirds of Russia’s gas output.

Russia on Wednesday began major navy drills involving more than 150 vessels and 15,000 military personnel in the Pacific and Arctic oceans and in the Baltic and Caspian seas, the defense ministry said.

At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash in on a lucrative arbitrage trade that has upended the global copper market since US President Donald Trump first floated the idea of copper tariffs.

The global dry bulk fleet is expanding at only half the pace seen during the 2010s, despite forecasts showing bulker deliveries reaching a six-year high by 2026, according to BIMCO’s...

DNV has awarded a General Approval for Ship Application (GASA) certificate to a consortium comprising Mitsui O.S.K. Lines, MISC Berhad, PETRONAS CCS Ventures, and Shanghai Merchant Ship Design and Research...

Italian logistics provider Grimaldi Group celebrated the naming ceremony of the Grande Shanghai in Haimen, China today. With a capacity of 9,000 CEU (Car Equivalent Units), the vessel is the first of...