Italian shipbuilding giant Fincantieri said it has secured another €1.7 billion in newbuild orders from luxury cruise line Viking.The two companies, which entered an agreement for six newbuild options in March 2018, have put into effect the contracts for the third and fourth ships.

Shipping lines and container owners in North America (majorly in the U.S.) are finding it difficult to return containers to China. To add to the present challenges, the U.S. is also facing major trucking issues that are making cargo movement within the country difficult.The U.S.

The technology group Wärtsilä on Monday informed of recent orders for engines compliant with China’s stage II, or C2 emissions standard. This legislation entered into force in July 2021 and is applicable to vessels sailing on inland waters, in coastal areas, and in most rivers.

Following the sale of Capesize bulkers for recycling last week, the trend has continued this week as well, with further transactions reportedly taking place on units – including Capes and a Suezmax tanker, as the market finally shows signs of life after an absolutely inert summer…