V.Group Announces Key Leadership Appointment

Global ship management giant V.Group has appointed Shubpreet Singh as the new CEO of V.Ships.

Union Maritime Places Orders for Nine Newbuildings Across Five Ship Types

Recently, Union Maritime, led by Laurent Cadji, finalized an order for nine newbuildings covering five ship types, bringing the shipping company’s already rapidly expanding orderbook to nearly 80 vessels.

Navios Finalizes Container Ship Order with South Korean Shipbuilder

South Korea’s HJ Shipbuilding & Construction (HJSC) recently disclosed a container ship construction contract worth approximately US$491 million to build four container ships for a client, with the counterparty being an unnamed Oceania-based shipowner.

MSC container ship in distress in South China Sea; 25 crew members rescued after abandoning ship!

At around 8:45 a.m. Singapore time on Tuesday (September 22), the Liberia-flagged container ship “MSC Hermes III” (2,490 TEU, built in 2006) sent out a distress signal while transiting the South China Sea. It is currently drifting at approximately 12°0.214′ N 112°53.403′ E, about 300 kilometers east of Vietnam. All 25 crew members have abandoned ship.

Port strikes are not the only ones… Italy is bracing for a nationwide strike

The Italian grassroots trade union confederation Unione Sindacale di Base (USB) has called a 24-hour strike in Italy’s port industry nationwide on September 28. The action covers the country’s entire port sector and may affect port operations in various locations.

$178 Million: This Shipowner Sells 3 Vessels, Cashing Out at the Top!

Recently, Oman’s Asyad Shipping Company disclosed that, as part of its ongoing fleet renewal and portfolio optimization strategy, it has reached agreements to sell two Very Large Crude Carriers (VLCCs) and one Medium Range (MR) product tanker, and has received advance payments in the two transactions. Judging from the transaction prices and profit impact, this is a typical case of “cashing out at the top”: locking in gains while older tonnage remains attractive in the market, while making room for newbuilding deliveries.

HNA Technology: Sells Bulk Carrier for US$31.1 Million

On September 24, 2026, HNA Technology Co., Ltd. (hereinafter referred to as "HNA Technology" or the "Company") issued the "Announcement on the Progress of the Vessel Asset Disposal Plan," disclosing that ASIAN STAR MARINE LIMITED, an indirect wholly-owned subsidiary of the Company, signed a Memorandum on September 23 with the buyer RIPLEY HOLDING LIMITED to sell one Capesize dry bulk carrier, BULK JOYANCE, for USD 31.1 million, with delivery expected to be completed by December 31, 2026.