Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port.

The Cyprus-based SED Energy Holdings Plc (Energy Holdings) has announced that its wholly owned subsidiary,

Germany’s foreign minister Johann Wadephul criticizes China’s “aggressive stance” in the Taiwan Strait and in the East and South China Seas and stresses the need for internationally binding rules.

Greek tanker owner Performance Shipping led-by chairperson of its board Aliki Paliou has sealed a time charter deal with Pakistan National Shipping Corporation for its P. Aliki, a 105,304-dwt LR2 aframax tanker, built in 2010.

The Wan Hai Lines container ship Wan Hai 503 is reportedly stable and remains under close monitoring. The vessel is currently being towed by the salvage team and is located in waters near the India-Sri Lanka maritime boundary,

Newbuilding orders hit their lowest 1H total since 2017 at 169 vessels (down c.26% YoY), and S&P volumes dropped c.36% YoY to 425 sales, according to Veson Nautical’s 2025 mid-year shipping market report.

Malaysian authorities have intercepted a ship drifting near an oil platform last week. The unidentified vessel, which was found drifting in the waters close to an oil platform since 12 August,

The handy tanker market continues its decline, a trend accelerated since the Russia-Ukraine conflict. With spot fixtures in the Baltic and the Black Sea going from around a third of total fixtures to less than 10% each year since 2023, handies had to find demand elsewhere,

Efforts to free the bulk carrier Federal Yamaska, which grounded in the St. Lawrence River last week, are underway.

Gisa Paredes, a psychologist and managing director of WellAtSea, writes for Splash today.