Former SeaLead executives strike out on their own and enter the Red Sea market

According to shipping analysis firm Linerlytica, a new container shipping company headquartered in Singapore has entered the liner shipping market and launched a service connecting India, Pakistan and Egypt’s Red Sea coast. The company is led by several former executives of SeaLead, including former SeaLead Chief Commercial Officer Doreen Yeo.

New Study: Competitiveness of Nuclear-Powered Ships in Doubt

A new research report released by University College London (UCL) on October 27 shows that nuclear-powered container ships could become economically competitive by 2040, but only if reactor costs fall sharply and global emissions regulation is effectively in place. The study, conducted by the UCL Shipping and Ocean Research Group, is titled *Nuclear Reactors for Merchant Shipping: A Total Cost of Ownership Assessment of a Low-Carbon Pathway*. It finds that without the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), nuclear propulsion cannot compete economically with conventional shipping even under the most favorable reactor cost assumptions.

Veteran Internal Manager Takes the Helm! Paolo Moretti Appointed CEO of RINA

RINA’s newly elected Board of Directors has appointed current General Manager Paolo Moretti as Group Chief Executive Officer, succeeding Carlo Luzzatto, who has held the position since December 2023. The appointment means that this manager, who grew up in the naval engineering field and has worked at RINA for nearly 30 years, will be responsible for driving the classification society’s next stage of development.

Selling at the peak! Odfjell sells two chemical tankers

Transaction records show that Norwegian chemical tanker owner Odfjell has sold two 2011-built chemical tankers for more than $62 million as it continues to renew its fleet.

West African Shipping Gains a New Force

The Sierra Leone Ocean Shipping Company (SLOSCO) was officially established recently, with Zhejiang Xiehai Group holding 70% and the Sierra Leone National Shipping Authority holding 30%.

COSCO Shipping Bulk and Huawei: A Powerful Alliance!

COSCO Shipping Bulk Co., Ltd. (hereinafter “COSCO Shipping Bulk”) and Huawei Technologies Co., Ltd. (hereinafter “Huawei”) recently jointly released an intelligent vessel scheduling solution, driving the transformation of dry bulk vessel scheduling from experience-driven to data- and model-driven.

U.S. proposal: Extend the China-U.S. port fee suspension by another two months

Bloomberg reported on the 27th that the United States may extend by another two months the suspension of fees imposed on China-linked ships calling at U.S. ports. The Office of the U.S. Trade Representative (USTR) said in a notice on Monday (Oct. 26) local time that if the proposal is approved, the China-U.S. port fee suspension arrangement, originally set to expire in early November this year, will be extended to January 9, 2027.

HSBC CEO: In Five Years, the Strait of Hormuz Will No Longer Matter

HSBC CEO: In Five Years, the Strait of Hormuz Will No Longer Matter

A$1.9 Billion Bauxite Project Targets Larger Capesize Vessels

A$1.9 Billion Bauxite Project Targets Larger Capesize Vessels

570 Ships Attacked This Year! The World's Most Dangerous Shipping Lane Is Not the Strait of Hormuz

570 Ships Attacked This Year! The World's Most Dangerous Shipping Lane Is Not the Strait of Hormuz