+6 Bulk Carriers! Greek Shipowner MEADWAY BULKERS Places Order at Xiangyu Shipbuilding

Greek dry bulk shipowner Meadway Bulkers has ordered six 64,500-dwt Ultramax bulk carriers at Xiangyu Shipbuilding (Nantong Xiangyu), with delivery expected between late 2029 and 2030. Specifically, shipbuilding brokers said that the Greek owner controlled by George Delaportas has signed a contract with Nantong Xiangyu Shipbuilding for six 64,500-dwt bulkers, marking its largest newbuilding investment since 2021.

+4 more 3,700 TEU containerships! Peter Dohle continues to place orders

On October 23, CSSC Chengxi Shipyard disclosed that it had signed construction contracts with a well-known European shipowner for four more 3,700 TEU containerships, marking another step forward for Chengxi in the feeder containership segment.

Container ship orders are approaching 16 million TEU, and Namsung Shipping continues to place orders

Alphaliner data shows that the global container ship orderbook has now exceeded 15.12 million TEU, equivalent to 43.9% of the global fleet. Another wave of about 40 large container ship orders is expected to be officially finalized by the end of the year, pushing the total orderbook to nearly 16 million TEU.

Scorpio Tankers once again crosses sectors to take a stake in “VLCC”...

On October 28 local time, Scorpio Tankers released its unaudited financial results for the third quarter of 2026. At the same time, the Board of Directors of Scorpio Tankers has declared a quarterly cash dividend of $0.75 per share on its common stock.

COSCO Shipping’s First Engine Company Established!

According to information on the official Qichacha website, Yangzhou COSCO Shipping Engine Co., Ltd.—the first engine company under COSCO Shipping Group—was established on October 22, with registered capital of RMB 30 million. Its registered address is No. 1 Yingzhou Road, Daqiao Town, Jiangdu District, Yangzhou. The company is indirectly wholly owned by China COSCO Shipping Corporation Limited.

Net Profit Soars 890%! Riding the VLCC Super Rally, This Tanker Company Is Raking It In

On the 27th, The National Shipping Company of Saudi Arabia (Bahri) released its third-quarter results. In the quarter, the company's revenue was SAR 14.83 billion (approx. US$3.95 billion), up 504% year on year; net profit attributable to shareholders was SAR 5.08 billion (approx. US$1.36 billion), up 890.6% year on year; and operating profit was SAR 5.02 billion (approx. US$1.34 billion), up 737.6% year on year.

Japan aims to build the world’s first marine ammonia fuel supply chain by 2030

On Tuesday (Oct. 27), seven Japanese companies—Nippon Yusen, energy company JERA, Imabari Shipbuilding, Kawasaki Kisen Kaisha (K Line), Kyokuyo Shipyard, Shin Kurushima Dockyard and Nihon Shipyard—announced a partnership aimed at building an ammonia fuel supply chain in Japan, with cooperation on the construction and operation of four ammonia-fueled car carriers.

Iran Port Blockade Escalates as U.S. Military Issues Latest Warning to Neutral Vessels

According to a maritime security advisory issued by the Joint Maritime Information Center (JMIC) on October 28 (Wednesday), the United States is imposing a blockade on all Iranian ports and coastlines. The measure applies to all vessels, regardless of flag or ownership.

Global Newbuilding Orderbook Hits Historic High: Delivery Capacity Faces Major Test Behind the Boom

The newbuilding market is in a rare long upcycle. Two institutional reports—from Clarksons Research and BIMCO (Baltic and International Maritime Council)—corroborate the current high level of the global orderbook from different statistical dimensions. However, the difference between the two sets of indicators—gross tonnage (GT) and compensated gross tonnage (CGT)—also means the industry needs to distinguish between judgments on orderbook strength and delivery pressure.

Results Beat Expectations! Cruise Giant Royal Caribbean Group Raises Full-Year Guidance

Cruise giant Royal Caribbean Group (RCL) released its third-quarter 2026 financial results on October 27. During the reporting period, Royal Caribbean Group’s earnings per share were $6.45, and adjusted earnings per share were $6.57, beating expectations. At the same time, Royal Caribbean Group raised its full-year 2026 guidance and now expects 2026 adjusted earnings per share to be between $17.85 and $17.95.