Teekay Corporation and Teekay Tankers both surprised with extremely strong Q3 2025 earnings results. Teekay Tankers (TNK) reported net income of $92.1 million and adjusted EPS of $1.54, easily beating analyst estimates. The fleet was expanded by $158.5 million in gross acquisitions during the quarter while returning cash to shareholders through quarterly dividends.
Evergreen marine will cement its place among the world’s leaders in container shipping, buying 14 LNG dual-fuel boxships of 14,000-TEU capacity from Samsung Heavy Industries and Guangzhou Shipyard International for about $2.8-$3bn by November 2025.
COSCO Shipping founded ship supply e-platform and commenced US$1.75 billion newbuilding spree for 29 vessels in November 2025
On November 20, the Trump administration announced the largest ever offshore oil and gas leasing program, proposing 34 possible lease sales across 1.27 billion acres. Floating offshore wind continues its international march, with 25 MW installed across the globe by 2025, and 2.5GW expected operational by 2030.
Bulk carrier deliveries in November 2025 include Pacific Carriers’ new 40,000DWT multi-purpose vessel, and orders include Aasen Shipping’s repeat order for hybrid powered 9,500DWT carriers from Aasen Shipping. Market analysts report weakening dry bulk fundamentals in the face of declining coal shipments and slowing demand growth.
November 17-24, 2025: A sanctions trial against the Dutch shipbuilder Damen Shipyards. The plans for international partnerships investing in U.S. yards, and expanding operations, to revive and upgrade the American shipbuilding capability were also progressing.
Between November 15 and 22 2025 both the US and EU use sanctions on Russian energy exports tripling down on energy sanctions and OFAC designating Rosneft and Lukoil whilst adding 557 vessels to its shadow fleet listings. These were carried out together and perhaps signal a shift away from the vessel by vessel sanctions strategy and moving more towards disrupting energy rather than vessels.
Following the conclusion of trade discussions between President Trump and President Xi, the United States for one year as of November 10 suspended Section 301 vessel fees on China-linked vessels. In other developments, the UK published extensive guidance regarding how Russia seeks to evade sanctions in maritime sectors focusing on common methods of circumventing sanctions.
Europe's shipping emissions in 2024 climbed 13% year-on-year to a new record high since mandatory reporting began in 2018, driven primarily by container ships taking longer routes via the Red Sea and moving cargo more frequently through disruption zones. At the IMOs 2024 Spring meeting in London, the US government successfully convinced those present to delay a vote on their landmark Net-Zero Framework Framework until October 2026, raising the risk of a derailment in the maritime decarbonization efforts.
On November 15th 2025 in Panama City Florida, the US Navy commemorated the commissioning of USS Pierre (LCS 38) - the last of the Independence-class littoral combat ships: marking the end of a class perhaps best exemplified by unexpected hiccups or hiccoughs (we still don’t know the correct spelling!) that delayed some ships and contributed to an overall rocky start to a class that eventually served with distinction. As the rest of the Navy prepared to commission Ship #1 in this new class, tensions in the maritime regions simmered as Chinese naval modernization, Russian exercises in Southeast Asia, and Venezuelan mobilization in response to US Carriers in the Caribbean showed how emboldened global powers were willing to be.
Pacific Carriers of Singapore officially named their multipurpose vessel on November 20, while Stena Line chose Belfast Harbour as the venue for their first ship naming ceremony in 20 years for Stena Futura. Both deliveries constitute investments in new technology in cargo vessels.