Riviera Maritime

Maritime Strategies International (MSI) analyst Bonita Nightingale highlights that while chemical and edible oil trade has grown modestly in 2024, volumes remain below pre-pandemic levels. Tonnage supply remains tight, keeping freight rates and asset values elevated. Organic chemicals dominate shipments,...

Dong Fang Offshore, a Taiwanese offshore services provider, has signed a US$125.9M contract with Vard for a new subsea construction vessel, its third from the shipbuilder. The 121-meter-long vessel will support offshore wind and telecoms projects, featuring a 250-tonne crane,...

  Chinese container freight rates fell 28% in Q1 2024, the worst drop in 20 years, driven by record declines in spot rates. Despite strong early-year export growth, major trade routes saw sharp declines, with Europe (-33%) and South Africa...

South Korea’s shipbuilding industry is experiencing a historic surge in LNG carrier orders, with 276 vessels worth $71.3 billion on order, making up 52% of total shipbuilding tonnage. QatarEnergy has been a key driver, expanding its LNG fleet to support...

The IMO is developing a global maritime digitalization strategy, set for implementation by 2028. Central to the plan is cybersecurity, aimed at protecting digital maritime operations and maritime single windows (MSWs) from evolving online threats. During the March 2025 FAL...

In 2024, COSCO led in vessel count, while MSC dominated in dwt. COSCO ordered 102 ships (12.0M dwt), focusing on diverse segments, while MSC secured 74 vessels (13.0M dwt), mainly container ships. Both were active in newbuildings and second-hand acquisitions....

Maersk is expanding its fuel portfolio, adding LNG dual-fuel vessels alongside its methanol focus. The company will build 20 LNG dual-fuel ships, delivered between 2028 and 2030, while maintaining its stance that fossil LNG is not a decarbonization solution. However,...

CMB.TECH and Japanese shipping giant MOL have partnered to operate the world’s first ammonia-powered vessels. The deal includes three ammonia dual-fuel Newcastlemax bulk carriers and six chemical tankers, with deliveries between 2026 and 2029. The dual-fuel bulk carriers will be...

Houthi forces in Yemen have vowed to resume attacks on commercial shipping in the Red Sea following renewed US airstrikes on their positions. The US, led by President Donald Trump, launched precision strikes on 15 March, citing the need to...

A recent report from UMAS, UCL Energy, and the Global Maritime Forum highlights the challenges of adopting green fuels in shipping, emphasizing the need for targeted government support to bridge the cost gap and increase fuel availability. While biofuels and...