News & Blog

Shipping industry news, Cyprus port updates and logistics insights.

ShipGod AI Tackles Paper‑Heavy Safety Management with Vessel‑Specific Offline AI

Veteran mariner Bing Hou launches ShipGod AI, an offline, vessel‑centric platform that digitises safety manuals and records, keeping knowledge on board.

07/10/2026

Twelve Seafarers Injured as Panama‑Flagged Tanker Hit in Hormuz Strait – Surge in Maritime Threats

A Panama‑flagged tanker was struck in the Strait of Hormuz, injuring twelve crew members, highlighting the escalating risk to commercial shipping in the region.

07/10/2026
Bunker Prices Surge 75% Since Iran Conflict, Impacting Shipowners and Scrubber Economics

Bunker Prices Surge 75% Since Iran Conflict, Impacting Shipowners and Scrubber Economics

Bunker costs have jumped about 75% since the Feb 28 US‑Iran war, tightening fuel supplies and reshaping the economics of scrubbers worldwide.

07/10/2026
Reach Subsea Extends Deep Cygnus MPSV Charter to March 2028

Reach Subsea Extends Deep Cygnus MPSV Charter to March 2028

Reach Subsea has exercised its one‑year extension, keeping the Deep Cygnus MPSV under charter until March 2028.

06/10/2026
Grace Energy Ships Suezmax Vendavel for $94.5m, Nearly Doubles Investment

Grace Energy Ships Suezmax Vendavel for $94.5m, Nearly Doubles Investment

Dubai’s Grace Energy sold the 2011-built suezmax Vendavel for $94.5 million, an 89% gain over its $50 million purchase two years earlier.

06/10/2026
U-Ming Marine Commits Up to $312 M for Six New Chinese Bulk Carriers

U-Ming Marine Commits Up to $312 M for Six New Chinese Bulk Carriers

Taiwan's U-Ming Marine Transport signs contracts for four 64,000 dwt ultramaxes and two 211,000 dwt Newcastlemaxes in China, investing up to $312 million.

06/10/2026
Singapore to Launch AI‑Driven Ship Registry Cutting Processing Time to Minutes

Singapore to Launch AI‑Driven Ship Registry Cutting Processing Time to Minutes

Singapore's Maritime and Port Authority will introduce an AI‑powered registration platform in early 2027, slashing certificate issuance from days to minutes.

05/10/2026
JP Morgan Boosts VLGC Programme at Samsung Heavy – Six New Gas Carriers Ordered

JP Morgan Boosts VLGC Programme at Samsung Heavy – Six New Gas Carriers Ordered

JP Morgan’s Global Meridian has placed two more 88,000 m³ VLGC orders at Samsung, raising its Samsung programme to six vessels and underscoring a $3 bn new‑building drive.

05/10/2026
K Line Secures Two New‑Build LNG Carriers from Samsung Heavy, Valued at $494 Million

K Line Secures Two New‑Build LNG Carriers from Samsung Heavy, Valued at $494 Million

K Line has placed a $494 million order for two 174,000 cu m LNG carriers with Samsung Heavy Industries, slated for delivery by May 2029.

05/10/2026
China's Soybean Imports Surge in 2026, Boosting Dry Bulk Trade

China's Soybean Imports Surge in 2026, Boosting Dry Bulk Trade

China's soybean imports rose 4% YoY in Jan‑Aug 2026, driving demand for Panamax dry bulk vessels and reinforcing Brazil's export dominance.

04/10/2026
Potential US Diesel Export Restrictions Threaten Atlantic Clean Tanker Market

Potential US Diesel Export Restrictions Threaten Atlantic Clean Tanker Market

A possible US diesel export ban could cripple Atlantic clean tanker demand, especially for medium‑range vessels, as global diesel supplies tighten.

04/10/2026
From Students to Builders: Chinese Entrepreneurs Forge Cyprus‑China Bridge

From Students to Builders: Chinese Entrepreneurs Forge Cyprus‑China Bridge

Chinese founders of TopCy Development turn dreams into 60+ projects, linking Cyprus and China through construction, culture and community.

04/10/2026

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