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Aerial view of multiple large commercial ships under construction at Hyundai Heavy Industries shipyard in Ulsan, South Korea, showing cranes, scaffolding, and segmented hulls in various stages of assembly

Korea’s $150bn shipbuilding agreement: America’s maritime lifeline or mirage

South Korea’s ambitious $150 billion shipbuilding agreement with Washington promises to revive America’s dormant naval industry, yet experts warn it may amount to little more than a geopolitical gesture—unlikely to overcome China’s entrenched dominance or America’s deep-rooted industrial decline

Turner’s painting shows the final journey of the Temeraire, as the ship is towed from Sheerness in Kent along the river Thames to Rotherhithe in south-east London, where it was to be scrapped

Reputation in shipping: The compass that guides everything

In the fiercely competitive world of commercial shipping, reputation is more than image—it’s a critical asset that shapes partnerships, builds trust, and determines who stays afloat when the tides inevitably shift

Aerial view of the Capesize bulk carrier Mount Bolivar sailing through open ocean waters, with vibrant red deck and helipad visible

BDI breaks higher as Capes lead the charge

The dry bulk market surged on Friday, July 25, led by Capes with a nearly 25% rise, pushing the BDI up by 205 points, while smaller vessel categories showed mixed performance

A large Capesize bulk carrier named EFROSSINI sailing at sea under clear skies, photographed from an aerial perspective

Impressive rise for Capes

The dry bulk cargo market surged last week, with Capes posting a remarkable 46.56% rise in profitability. All vessel sizes recorded gains, reflecting heightened demand and strong activity in major shipping routes

Kamsarmax dry bulk vessel at sea, reflecting rising market conditions and strong performance in global freight rates

Rally for Kamsarmaxes, followed by large sizes 

During the week ending Friday, July 11, the dry bulk cargo market surged across all vessel sizes, with Kamsarmaxes leading gains, followed by Capes, Ultramaxes, and Handies

Aerial view of a large offshore drilling platform or semi-submersible vessel moored at an industrial shipyard facility surrounded by calm blue waters, with multiple construction cranes, support vessels, and mountainous coastline visible in the background under overcast skies

Shipbuilding slows sharply—Except for the Greeks

Global newbuilding orders have collapsed, yet Greek shipowners are bucking the trend—placing over $2.2 billion in fresh contracts, as the industry grapples with trade wars, fuel dilemmas, and regulatory fog

A teal-colored banner with the words “Welcome to Nor-Shipping” in large yellow and white letters, partially shadowed by structural patterns and surrounded by out-of-focus yellow-green foliage

Navigating the crosscurrents at Nor-Shipping 2025

Held in Oslo from June 2 to 6, Nor-Shipping 2025 brought together global maritime leaders to explore decarbonisation, digital disruption, and the evolving geopolitics shaping the future of shipping and sustainability