News

With Suezmax newbuilding investment running at its second-highest year-to-date level since 2015, MR orders equal to 20% of the existing fleet, and the Aframax/LR2 orderbook at 18%, tanker buyers are entering a market where the commercial decision is no longer simply “newbuild or secondhand.” The real tension is timing: modern secondhand tanker prices are carrying substantial premiums, older ships face rising chartering risk, and a large wave of new deliveries...

In the first half of 2026, the global container fleet added approximately 1.84 million TEU of new capacity. However, the market did not experience the severe oversupply many had anticipated. The Asia–Europe trade absorbed 36% of the newly added capacity due to ongoing vessel diversions around the Cape of Good Hope caused by the Red Sea crisis, while African trades emerged as a new growth engine with a 25.3% increase...

In 2026, China has emerged as the core hub for global maritime cooperation. Senior officials from Russia, Greece, the United Arab Emirates, the United Kingdom, Pakistan, Serbia, Vietnam, Singapore and other countries have paid successive visits to China. These diplomatic exchanges have not only deepened bilateral ties, but also delivered a large number of new ship orders, cross-border vessel transactions, green shipping technology transfers and port logistics upgrades worldwide. For...

At the invitation of China, US President Donald Trump paid a state visit to China from May 13 to 15. This marks the first US presidential visit to China in nine years, as well as the highest-level face‑to‑face in-depth communication between China and the United States following the bilateral summit in Busan. The US delegation included cabinet heavyweights such as the Secretary of State, Secretary of Defense, United States Trade...