News

As APEC 2026 approaches, regional trade connectivity and supply chain resilience are back in focus. What should shipowners and vessel investors watch in the Asia-Pacific shipping market? 1. APEC 2026: Why It Matters to Shipping The 2026 Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting will take place in Shenzhen, China, on November 18–19, bringing together leaders from 21 member economies. Under the priorities of Openness, Innovation, and Cooperation, this year's...

The global tanker market has experienced significant volatility in 2026, with freight rates reaching exceptional levels on several major routes and geopolitical disruptions reshaping international oil transportation. As shipping companies adjust their trading patterns and seek reliable transportation capacity, existing tankers have become increasingly attractive in certain market segments. Recent transactions also suggest that well-positioned secondhand vessels can retain substantial commercial value, particularly when immediate availability and earning potential are...

On September 16, 2026, the Pinglu Canal officially opened to navigation. On the same day, the new Nanning–Can Tho, Vietnam international shipping service began its maiden voyage, marking the start of a new waterborne connection between Southwest China and Southeast Asia. For the shipping industry, however, the significance goes beyond the opening of another canal. For the first time, vessels of up to around 5,000 DWT can use a new...

The 18th BRICS Leaders’ Summit concluded in New Delhi, India. Centered on the theme of Building Resilience, Innovation, Cooperation and Sustainability, this summit marked a milestone meeting following BRICS expansion. The leaders adopted the New Delhi Declaration, finalizing multiple frameworks for economic and trade cooperation, financial coordination and cross-border connectivity. It was formally announced: China will take over the BRICS presidency and host the 19th BRICS Leaders’ Summit, ushering in...