The global shipbuilding industry is experiencing a boom, driven by high demand and favorable payment terms, with shipbuilding gross profit margins exceeding 20%. China is leading in new ship orders, with state enterprises like China Merchants Energy Shipping and COSCO investing billions in new vessels, reflecting a strong ship replacement demand due to aging fleets and stricter environmental regulations. Geopolitical shifts, particularly involving Russia, Ukraine, and the Red Sea crisis, are reshaping global trade routes, increasing demand for new tankers, LNG carriers, and other vessel types.

Danish shipper joins Germany’s Hapag-Lloyd in avoiding key trade route after attacks by Iran-backed Houthi militants

Danish shipping giant, a bellwether for global trade, cites significant inventory adjustments and muted economic growth as China struggles

Closed-loop system aims to keep goods moving as international shippers report significant disruptions from city’s measures to control pandemic flare-up

Xi vows to strengthen efforts to develop the nation’s talent pool. Beijing seeks to become the host city of the International Sustainability Standards Board. Another banking regulator is probed for graft

Acquisition gives CIMC access to Maersk’s high-end refrigerated marine container technology, boosts CIMC plans for growth in transporting perishables

The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet

The 12-day Suez Canal saga of the Ever Given may cost billions of dollars and disrupt world supply chains for months

Global rollout will see almost half of the containers loaded with life-saving medicine steam to Africa and South America