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Sky-High VLCC Market Faces Potential Double Hit From Late 2027

Sky-High VLCC Market Faces Potential Double Hit From Late 2027

The booming VLCC market, with charter rates and asset values at exceptional levels, could face a double hit from late 2027 onwards, as a wave of newbuilding deliveries coincides with a potential easing of the inefficienc…

Tue Oct 13 20268 min
Tsakos Group Makes Box Ship Newbuilding Comeback With Hengli Deal

Tsakos Group Makes Box Ship Newbuilding Comeback With Hengli Deal

Tsakos Group has returned to the container vessel newbuilding market after four years, extending its orderbook across every shipping segment in which it operates. The Greek owner has disclosed a contract with China’s Hen…

Tue Oct 13 20268 min
Steerprop Wins Propulsion Contract for Royal Danish Navy Environmental Vessels

Steerprop Wins Propulsion Contract for Royal Danish Navy Environmental Vessels

Finnish marine propulsion specialist Steerprop has secured a contract with Hvide Sande Shipyard to supply complete propulsion packages for three Multi-Role Environmental Vessels being built for the Royal Danish Navy. The…

Mon Oct 12 20268 min
Asia Maintains Its Strength in Tugboat Construction

Asia Maintains Its Strength in Tugboat Construction

Shipbuilders in China, India, Turkey and Southeast Asia had a busy third quarter of 2026 in terms of tugboat deliveries, as owners extended and modernised their fleets and ports continued to expand. From Japan and China…

Mon Oct 12 20268 min
MISC Set to Grow LNG Carrier Orderbook With Five Vessels Under 20-Year Charters

MISC Set to Grow LNG Carrier Orderbook With Five Vessels Under 20-Year Charters

Malaysian shipowner MISC is further expanding its LNG carrier business, with additional newbuildings planned under long-term charter agreements. The Petronas group company accepted a letter of award from Petronas LNG for…

Mon Oct 12 20268 min
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