The US and UK launched further strikes against Houthi sites in Yemen and refuted claims of a successful attack on a US heavy lift vessel.

As Houthi attacks on shipping extend beyond container ships, an analysis has shown the global bulk trades most reliant on the Suez Canal.

Japan’s K Line is expanding its fleet dry bulk flee with an order at a Japanese yards for methanol-ready ships.

The Chinese shipyard New Dayang Shipbuilding has won its first order from Japanese client for the construction of two 64,100 dwt bulkers.

A Genco Shipping & Trading bulker is the latest vessel to be hit by a drone strike in the Red Sea.

Chinese yards accounted for 50% of 2023 world shipyard output on a compensated gross tonnage (CGT) basis, according to Clarksons Research.

Attacks by Houthi militia on vessels transiting the Red Sea continued on Tuesday with a Greek-owned vessels hit by a missile.

China was the world’s largest shipbuilding nation in 2023 across all three measures of output, new shipbuilding contracts and orders-on-hand. It was also achieved double-digit growth across all three in 2023.

A bulker owned by US-listed Eagle Bulk Shipping has been struck by an anti-ship ballistic missile according to US Central Command (US Centcom).

The US and UK have launched strikes against Houthi targets in Yemen to disrupt and degrade the capabilities of rebels to attack shipping in the Red Sea and protect global trade.