International
US Navy seeks $65.8bn for 34 new ships in its biggest shipbuilding request in decades
The FY2027 request covers 34 naval ships, from Virginia- and Columbia-class submarines to a new FF(X) frigate, medium landing ships and fleet oilers.
International
India’s first home-built Coast Guard hovercraft H-561 to be based at Haldia
The Chowgule-built H-561, first of six air cushion vehicles under a Rs 387.4 crore deal, is based at Haldia on the Bay of Bengal coast.
International
Shipbuilding boom heads for a 2028 delivery crunch as orderbook outpaces yard capacity
The global orderbook has grown 3.5 times since 2020 while yard capacity rose just 30%; top yards are booked at 164% of capacity for 2028, Danish Ship Finance says.
International
US refiners cash in as soaring tanker rates squeeze Asian competitors
Gulf Coast-to-Asia crude freight has jumped to $30–35 a barrel from about $5 a year ago, and US refining margins more than doubled in the third quarter as cheap heavy crude and costly shipping favour US refiners.
International
GRSE delivers INS Amini, fifth shallow-water anti-submarine craft for the Indian Navy
Kolkata’s GRSE has handed over INS Amini, the fifth of eight anti-submarine warfare shallow water craft it is building for the Indian Navy, with more than 80% indigenous content.
International
IMO Council urges stronger protection of seafarers as conflict casualties reach 25
Meeting in London on 2–6 November, the IMO Council called for shipping lanes to stay open and seafarers to be protected; 25 seafarer casualties have been confirmed and at least 130 attacks on ships verified in the Middle East conflict.
International
Capesize earnings near $36,000 a day as Baltic dry bulk index posts third weekly gain
The Baltic dry bulk index rose 65 points to 2,805, its highest since 12 October, as Capesize earnings climbed to $35,892 a day and Panamax to $18,030; Supramax slipped.
International
Maersk Tokyo: JMU delivers Japan’s first methanol dual-fuel boxship above 8,000 TEU
Japan Marine United delivered the 8,928 TEU methanol dual-fuel containership Maersk Tokyo from its Kure yard; it now serves Maersk between Asia and the west coast of South America.
International
Hapag-Lloyd completes 25% stake purchase in APM Terminals Maasvlakte II in Rotterdam
Hapag-Lloyd has closed its purchase of a 25% stake in APM Terminals Maasvlakte II in Rotterdam after unconditional antitrust approval, with APM Terminals keeping operational control.
International
Port of Auckland starts wharf extension to take 10,000 TEU container ships
Port of Auckland has begun extending its Fergusson North wharf to handle 10,000 TEU boxships, with channel dredging due from 2027.
International
Missing seafarer found dead on tanker Velos Sapphire after suspected missile strike in the Gulf
The seafarer missing after a suspected missile strike on the tanker Velos Sapphire in the Persian Gulf has been found dead on board, its manager said.
