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Norwegian Cruise Line Holdings signaled a demand rebound for its cruise vacations and maintained its annual profit target, sending its shares up 12% on Thursday.The company had earlier warned that geopolitical tensions and economic uncertainty around tariffs had weakened consumer spending on its pre
https://www.marinelink.com/news/norwegian-cruise-maintains-profit-528556
https://www.marinelink.com/news/norwegian-cruise-maintains-profit-528556The military and Coast Guard budgets are established that will benefit the U.S. ship building and repair sector, but what will stimulate the commercial yards?This author has been scratching his head of late, after a thrilling dive into July’s U.S.
https://www.marinelink.com/news/us-shipbuilding-plots-path-ahead-528561
https://www.marinelink.com/news/us-shipbuilding-plots-path-ahead-528561Public-private partnerships could take over two key ports near the Panama Canal if courts invalidate a contract with Hong Kong-based CK Hutchison's to operate them, Panama's President Jose Raul Mulino said on Thursday.CK Hutchison holds a 90% stake in the local Panama Ports Company…
https://www.marinelink.com/news/two-ck-hutchisonoperated-ports-near-528557
https://www.marinelink.com/news/two-ck-hutchisonoperated-ports-near-528557Chinese naval vessels steamed into Russia's far eastern port of Vladivostok on Thursday ahead of joint drills scheduled from August 1 to August 5.Video footage from Russia's Defence Ministry showed the vessels, including a submarine, entering the harbour under grey skies.Chinese seamen were greeted
https://www.marinelink.com/news/chinese-naval-vessels-arrive-vladivostok-528559
https://www.marinelink.com/news/chinese-naval-vessels-arrive-vladivostok-528559SAAM Towage, the largest towage operator in the Americas, has added two new units to its fleet: the SAAM Petrel and the SAAM Charrán. These modern ships, designed by the renowned firm Robert Allan and built at the Sanmar shipyard in Turkey.Their…
https://www.marinelink.com/news/saam-towage-strengthens-fleet-new-tugs-528562
https://www.marinelink.com/news/saam-towage-strengthens-fleet-new-tugs-528562The Surface Navy Association (SNA) announced the appointment of retired Vice Admiral Ron Boxall as its new President, succeeding retired Vice Admiral Rick Hunt, who has served in the role since 2019. Admiral Boxall will make his first official…
https://www.marinelink.com/news/surface-navy-association-names-new-528563
https://www.marinelink.com/news/surface-navy-association-names-new-528563This week’s Chart Monitor highlights a continued upward trend in tonne-day growth for the Capesize segment during Q2 2025, particularly on voyages from the Atlantic Americas to the Far East. However, the recent surge in demand on the C3 route (Brazil to China) raises concerns about its durability as we move into the third quarter. ...
https://www.hellenicshippingnews.com/dry-market-monitor-spotlight-on-capesize-tonne-days-to-the-far-east-and-c3-market-rates/“We estimate the dry bulk supply/demand balance to weaken in both 2025 and 2026, compared to 2024. Demand growth is expected to slow, impacted by a weaker economic outlook for China and the world and a shift in US trade policy,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The rise in tariffs and the ...
https://www.hellenicshippingnews.com/bimcos-dry-bulk-shipping-market-overview-outlook-slowing-chinese-economy-threatens-demand/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, inched up on Thursday and recorded its strongest monthly performance since February. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 8 points, or 0.4%, to 2,003 points. It was up over 34% for ...
https://www.hellenicshippingnews.com/baltic-index-registers-best-month-since-february/
https://www.hellenicshippingnews.com/baltic-index-registers-best-month-since-february/Ireland‑based tanker owner and operator Ardmore Shipping is growing its product tanker fleet with the acquisition of three modern MR vessels. The New York-listed firm revealed in its quarterly earnings report that it had agreed to acquire an unnamed trio of Korean-built units for nearly $104m. The acquisition involves two transactions: one 2020‑built scrubber‑fitted vessel …
https://splash247.com/ardmore-snaps-up-trio-of-modern-mr-tankers/
https://splash247.com/ardmore-snaps-up-trio-of-modern-mr-tankers/