Wisdom Marine Sells Another Bulk Carrier at a High Price

Specifically, Wisdom Marine announced that its subsidiary, Saysiat Wisdom S.A., sold the vessel "Amis Wisdom VI" (built in 2011, 61,456 dwt) to an unrelated third-party buyer, Phuong Dong Viet Shipping and Logistics Corporation, for approximately US$21.95 million, with an estimated profit of about US$10.126 million.

Greece secures one-year exemption for Russian LNG transshipment

After arduous negotiations, EU member states have recently reached a political agreement on the 21st round of sanctions against Russia. The core elements of this round include freezing the Russian oil price cap at $44 per barrel for 12 months, while granting Greece a one-year exemption for liquefied natural gas (LNG) transshipment, as a show of support for Greece.

Strait of Hormuz at Standstill, Commercial Shipping Nearly Zero

According to TradeWinds, commercial shipping through the Strait of Hormuz nearly came to a standstill on July 25.

Panama Canal Prepares for El Niño‑Induced Transit Restrictions

Panama Canal Authority recently released its operating report for the first nine months of fiscal year 2026 (October 2025 to June 2026). The data show steady growth in both total transits and cargo tonnage, but due to a significant increase in the probability of an El Niño event, the Authority is preparing to implement its first operational restrictions in nearly two years to ensure long-term navigational safety and service reliability.

The ships are still sailing, but insurance has already become uninsurable...

The ongoing escalation of geopolitical tensions, targeted drone strikes, and state-backed blockades are fundamentally transforming the nature of marine insurance—from a routine operational cost into a decisive and prohibitive barrier that hinders global trade.

44.799 million deadweight tonnes! Liaoning ranks first nationwide in new shipbuilding orders in the first half of the year

In the first half of 2026, Liaoning Province's shipbuilding industry achieved a historic breakthrough—new shipbuilding orders reached 44.799 million deadweight tonnes (dwt), jumping to first place nationwide. Data show that during this period, the added value of the manufacturing of railway, ship, aerospace and other transport equipment in the province increased by 43.5% year-on-year, while the output of civil steel vessels rose 2.8‑fold year-on-year. The province’s key shipbuilding indicators remained firmly among the top tier in China.

Naming and delivery of the 175,000 m³ LNG carrier 'Sea Energy' for China Merchants Shipping

On July 24, the naming and delivery ceremony for the 5th vessel of China Merchants Shipping's series of 175,000 m³ liquefied natural gas (LNG) carriers, built in a batch order at China State Shipbuilding Corporation (CSSC), was held in Dalian.