Jinhui Group Successfully Closes Two Sale-and-Leaseback Deals for Newbuildings in Quick Succession

On July 28 and 29, Jinhui Holdings Company Limited (Stock Code: 00137, Stock Name: Jinhui Group) issued two separate announcements regarding sale-and-leaseback transactions for a total of four Ultramax dry bulk carriers under construction, with ICBC Financial Leasing and Jiangsu Financial Leasing respectively. Through the “sale and bareboat charter back” model, the group aims to raise working capital and continue its fleet renewal and upgrade programme.

Shipping Also Needs a 'National Team'? US Think Tank Recommends Government-Backed Domestic Liner Giants.

A recent report by the Washington-based antitrust research organization Open Markets Institute recommends that the United States consider establishing a publicly capitalized container shipping company to reduce its dependence on foreign-owned shipping enterprises.

The forced rerouting around Africa will cost an extra $5.4 million

According to the *Business Standard*, the Bangladesh Shipping Corporation-operated oil tanker "MT Ninemia" was recently forced to abandon the Red Sea–Mandeb Strait route due to persistently deteriorating security conditions in the region, and instead rerouted via the Cape of Good Hope in Africa. This has resulted in a significantly extended voyage and surged transportation costs. The vessel was carrying approximately 100,000 tonnes of Saudi Arabian crude oil, originally destined for Bangladesh's Chittagong Port for use by the Eastern Refinery.

COSCO SHIPPING Development splashes out RMB 16.6 billion on 39 new vessels in 30 days

On the evening of July 29, COSCO SHIPPING Development Co., Ltd. (hereinafter referred to as “COSCO SHIPPING Development”) announced that it plans to build, through its indirect wholly-owned subsidiary Hainan COSCO SHIPPING Development Shipping Co., Ltd. (hereinafter referred to as “Hainan Development Shipping”), a total of 15 Newcastlemax bulk carriers of 210,000 dwt each, with 10 vessels to be built by Shanghai Waigaoqiao Shipbuilding Co., Ltd. (under China State Shipbuilding Corporation) and 5 vessels by Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd. (under Xiamen Xiangyu Co., Ltd.).

Tanker Market: Efficiency Losses May Push Freight Rates Higher Again

Despite claims by the Houthis that the Bab el-Mandeb Strait has not been closed and that recently announced maritime measures are directed only at Saudi vessels, many tanker operators may think twice before sending their ships into the Red Sea.

LNG Carrier Deliveries Drive Earnings Surge! Hanwha Ocean's Q2 Operating Profit Up 98% Year-on-Year

On July 27, Hanwha Ocean released its earnings report, showing that its second-quarter operating profit nearly doubled year-over-year, driven by batch deliveries of liquefied natural gas (LNG) carriers, steady progress on various large-scale shipbuilding projects, and significant revenue recognition from the completion of an offshore engineering project.

LNG carrier deliveries fuel a significant leap in earnings! Hanwha Ocean reported a 98% year‑over‑year increase in operating profit for the second quarter.

On July 28, Monaco-based Greek shipowner Safe Bulkers released its financial results for the second quarter of 2026.

$150 Billion! South Korea and the US Establish Shipbuilding Center

On July 29, 2026, South Korea and the United States held an inauguration ceremony for the “Korea-US Shipbuilding Cooperation Center (KUSPC)” in Washington, D.C. The center is a follow-up body established after the two countries signed a memorandum of understanding on the “Korea-US Shipbuilding Cooperation Initiative (KUSPI)” in May of this year. It also serves as the executive coordination body for the “Korea-US Maritime and Shipbuilding Growth Alliance (MASGA) project,” which is part of the total $150 billion cooperation program announced in July 2025 under the framework of the US-Korea trade agreement.

The volume of this dangerous cargo is skyrocketing, but trouble is also on the horizon

According to data from Signal Ocean, global seaborne nickel ore trade volume in the second quarter of this year increased by more than 22% year-on-year, reaching 26.1 million tonnes. The rapid expansion of nickel ore shipping has brought more employment opportunities for supramax and ultramax bulk carriers, while also drawing renewed attention to one of the shipping industry's most dangerous cargoes.

CMA CGM launches multi-billion-dollar port venture, Q2 revenue hits $15.7B

French shipping group CMA CGM and infrastructure investment firm Stonepeak have officially completed the formation of United Ports LLC, a joint venture valued at $2.4 billion that brings together a portfolio of major container terminals across the United States, Europe, Asia and South America.