12 dead and dozens missing — another passenger boat has capsized!

According to The Associated Press, on the evening of September 26 local time, a passenger boat capsized near Idjwi Island in Lake Kivu, South Kivu province, in eastern Democratic Republic of the Congo. Preliminary figures show that at least 12 people were killed, dozens more are missing, and about 15 were rescued. The boat was carrying more than 50 people at the time.

Setting Sail Today! China-Built World's Largest Pile-Driving Vessel Heads to Brazil

On September 27, the world's largest pile-driving vessel, the "Tiejian Daqiao Zhuang No. 1," which was invested in and built by China Railway Construction Bridge Engineering Bureau Group, departed from the foreign trade terminal at Lüsi Port in Jiangsu for Todos os Santos Bay in Bahia, Brazil, to participate in the construction of the Salvador Sea-Crossing Bridge, the largest sea-crossing cable-stayed bridge in Latin America. This marks a further step forward for China's high-end marine engineering equipment in serving global marine engineering construction, as it advances into deeper and more distant waters.

10-Year-Old Vessel Sells for Nearly $100 Million! Secondhand Tanker Transaction Prices Surge to New Highs Again

According to foreign media reports, BGN International has acquired the 2017-built Suezmax tanker “Speedway” from Greek shipowner CM Lemos for between $98 million and $99 million.

Iran Blacklists 4 More Merchant Ships! Total Reaches 81

On September 27 local time, Iran's "Persian Gulf Strait Authority" (PGSA) once again updated its merchant vessel blacklist and warned that any charterer that pressures a vessel to transit the Strait of Hormuz without Iran's approval will be placed on the blacklist, and all of its vessels will face restrictions on passage.

U.S.-Iran Maritime Standoff Escalates as 6 Million Barrels of Crude Oil Face Seizure

As tracking data shows that three oil tankers intercepted by the United States as part of its economic blockade campaign against Iran have been found to be heading toward the United States, market speculation is intensifying. The United States has a precedent of filing forfeiture lawsuits, and the Trump administration has also hinted that this move is a step in continuing to punish Iran.

A control-transfer failure caused a ferry to strike a pier, injuring two people!

A recent report released by the Transportation Safety Board of Canada (TSB) shows that in October 2024, a Quebec ferry struck a pier after a failure to transfer engine control between bridge stations, injuring five people. Investigators also found that after replacing the vessel’s engines and control system, the owner had not adequately addressed the associated risks.

Breaking! Ro-Ro Ship Catches Fire, All 29 People Safely Evacuated

On the morning of Friday, September 25, the Attica Group’s ro-ro cargo ship BLUE CARRIER 2 caught fire while sailing in waters north of Mykonos in the Cyclades. All 29 people on board were safely evacuated and are currently in good health. Those on board included 28 crew members and one truck driver.

Lloyd’s Register: 200,000 cbm LNG Carriers to Become a Key Option for Fleet Renewal

Against the backdrop of an accelerating ageing of the global LNG carrier fleet, 200,000-cubic-metre-class large LNG carriers are increasingly seen by the industry as a pragmatic choice for fleet renewal. A newly released study by Lloyd's Register (LR) shows that 200,000 cbm LNG carriers can significantly increase cargo capacity per voyage and reduce transport costs while maintaining broad access to major global LNG terminals, delivering considerable economic returns for shipowners and charterers.

Russia Plans to Levy $2.35 Billion on Exporters to Build Nuclear-Powered Icebreakers

According to a draft government decree published this week by the Russian Ministry of Transport, Russia plans to impose a new “shipbuilding fee” on seaborne export cargo, aiming to raise more than 200 billion rubles (about $2.35 billion) over the next decade to build nuclear-powered icebreakers and expand cargo traffic on the Northern Sea Route (NSR)

Shipping is at historic highs, but downside risks are closing in! How much longer can the supercycle last?

The shipping industry has had a bumpy ride through the 2020s, tumbling from one earnings peak to another. Successive crises have repeatedly rescued markets that, by traditional supply-and-demand analysis, should have weakened. Two new charts reveal how this supercycle took shape, and which segments may be approaching a downward inflection point.