Shipyards
Hengli storms to top of global shipbuilding with 23.4% market share
Chinese yard secures 276 orders in nine months, leapfrogging South Korean and Japanese rivals
Business
US rail freight surges 7.8% as intermodal boxes outpace carloads
Intermodal volumes jumped 11.3% in the week ended Oct. 24, driven by strong container demand across North America.
Shipping
Shipping Cuts Emissions Red Tape With Two New Data Standards
BIMCO-led industry group releases version 1.0 of OVD and VER frameworks to eliminate duplicate reporting and improve.
Ports
U.S. Ports Block Russian Diesel as Legal Battle
New Jersey governor vows to stop tankers as seven vessels approach U.S. shores with disputed cargoes.
Conflicts
Black Sea Drone Strike Sinks Boxship: All 18 Crew Saved
Three uncrewed surface vessels sank the Liberian-flagged Contship Jet 21 nautical miles off Bulgaria’s coast.
Shipping
Red Sea shift sends container rates soaring despite demand dip
Asia-Europe rates climb 8% as carriers reroute through the Red Sea, defying post-peak season slowdown
Offshore
SS United States sunk as 990 ft artificial reef off Florida
The 990 ft ocean liner was deliberately sunk 22 nautical miles from Destin to create a marine habitat and dive.
Business
Boluda buys Samskip: Europe’s new shortsea giant takes shape
The €1bn-plus deal creates a 32-vessel, 28-country network from northern Europe to West Africa.
Business
India bets $1bn to break China’s grip on global container boxes
New Delhi approves 13-year scheme to lift annual capacity from 70,000 teu to 750,000 teu and erode Beijing’s 95% market.
Energy
EU Slams Door on Nord Stream Revival Despite US-Russia Talks
Brussels confirms 2027 ban on Russian gas imports, dismissing White House discussions with Moscow
