ABB books Azipod order for Canada's first Polar Max icebreaker ABB has secured a contract with Finland's Helsinki Shipyard to supply a complete electric power and propulsion solution for the Polar Max icebreaker that is expected to be delivered to the Canadian
Orange orders two advanced cable maintenance ships French telecom giant Orange S.A. reports that its submarine cable subsidiary Orange Marine has ordered two new cable maintenance ships to strengthen the resilience of submarine cable networks in Europe, the Middle
India's maritime surge capitalizes on China's String of Pearls stagnation Major shipping lines pivot to Indian ports as Chinese-controlled facilities show declining connectivity
CEVA Logistics expands in Turkey with Borusan Lojistik acquisition CEVA Logistics, part of the CMA CGM Group, has strengthened its domestic presence in Turkey by acquiring 100% of Borusan Tedarik Zinciri Çözümleri ve Teknoloji Sirketi, the legal entity behind Borusan Lojistik, for $383 million (USD). The transaction received all regulatory approvals and closed today. Privately held Borusan Holding sold 69.47% of Borusan Tedarik shares, while Borusan Yatirim held
Ongoing Container Discharge Operations for Wan Hai 503 Wan Hai Lines continues the complex recovery operation onboard the Wan Hai 503, currently berthed at the Port of Jebel Ali. Most of the remaining containers are severely deformed, melted, or structurally weakened. To ensure safety, each unit must be individually secured and lifted under real-time load monitoring. Prolonged exposure to intense heat has also caused serious structural deformation i
Maersk launches its largest warehouse in Asia Pacific A.P. Moller - Maersk has officially opened the Maersk Mega Distribution Centre (DC) in Shah Alam, Malaysia, the company's largest contract logistics facility in Asia Pacific, expanding its warehouse footprint in the country by more than 30%. Spanning nearly 180,000 square metres with 100,000 pallet positions, the multi-client Mega DC is designed to handle a wide variety of commodities, including
Suez Canal Authority denies detention of vessel "DIGNITY" The Suez Canal Authority (SCA) has denied reports that it detained the vessel DIGNITY at Suez Port. SCA confirmed that it has no involvement in the dispute, which is strictly between Sphinx Shipping Agency and the vessel's owning company over unpaid financial dues. The Ismailia Economic Court issued judicial order No. 45 of 2025, placing a conservatory attachment on the vessel and ordering its de
Hanwha Power Systems to open Compressor Service Center in Saudi Arabia Hanwha Power Systems signed a land lease with SPARK on 4 November to build a compressor packaging and service center in King Salman Energy Park (SPARK). The site will cover approximately 11,600 m². SPARK is a global energy hub fully owned by Saudi Aramco. Construction will start in the first quarter of 2026. Commercial operations are planned for the first half of 2027. The agreement was signed at
Martras Shipping & Forwarding selects MasterSPED to accelerate digital logistics Circle S.p.A., a specialist in digitalisation for port and intermodal logistics and listed on Euronext Growth Milan, announced that Martras Shipping & Forwarding has chosen the MasterSPED® platform to modernise its operations. Martras Shipping & Forwarding, based in Milan and part of the Martras Group, is active in international shipping with strong expertise in Ro-Ro, oversized, and automotive l
Mitsui E&S unveils smart data platform for Shimizu Port MITSUI E&S has signed a contract to develop and deploy a new service platform at the Shimizu Port Container Terminal, operated by Suzuyo Co., Ltd. The platform will connect the terminal's operating system with container haulage companies' dispatch systems, enabling real-time data sharing across previously separate systems. By integrating truck arrival schedules and cargo data with vessel handling
GXO delivers record Q3 revenue GXO Logistics posted record third-quarter 2025 revenue of $3.4B, up 8% year over year, with 4% organic revenue growth. The company also reported $280M in new business wins, a 24% increase, and generated $232M in operating cash flow and $187M in free cash flow. CEO Patrick Kelleher said GXO delivered "double-digit adjusted EBITDA growth" and highlighted strong demand across high-growth secto
Port Rotterdam being selected for circular olefins production facility Blue Circle Olefins has designated Rotterdam as the development site for a commercial Methanol-to-Olefins production facility. The electrified plant, with 200-kilotonne capacity, will convert renewable methanol into fully circular ethylene and propylene fundamental chemical building blocks representing approximately 60% of European chemical industry manufacturing inputs. Upon commencing operation
ABB Azipod® to power Canada's new 'Polar Max' Icebreaker ABB will supply a full electric power and propulsion package for the Canadian Coast Guard's new Polar Max icebreaker. The vessel, built through a collaboration between Helsinki Shipyard in Finland and Davie Shipbuilding in Quebec, is scheduled to enter service by 2030 under Canada's National Shipbuilding Strategy. The 22,800-ton, 138.5-meter ship will feature 18MW of Azipod® propulsion, ensuring
Anglo-Eastern launches methanol bunkering simulator Anglo-Eastern Univan Group has rolled out a new methanol bunkering simulator, developed with Wärtsilä, to train seafarers in safe methanol handling. Launched in October, the simulator delivers hands-on and theoretical training aligned with IMO rules for low-flashpoint fuels. The move builds on the debut of the world's first functional LNG/ammonia bunkering station skid at the Anglo-Eastern Mariti
Behind Panama's difusion strategy over its ports New terminal development plans collide with geopolitical battle over existing infrastructure as Washington and Beijing contest control of critical maritime chokepoint
Go Shipping launches exclusive LCL service from Greece and the Balkans to Israel Go Shipping, a leading logistics provider in Southeast Europe, announces the launch of its new Less than Container Load (LCL) service connecting Greece and the Balkans to Israel via the Port of Piraeus. This exclusive service offers businesses in the region a reliable, cost-effective, and efficient shipping solution for smaller cargo volumes. With this new service, Go Shipping collects shipments
Port of Oakland secures energy storage agreement The Port of Oakland has announced two strategic accomplishments advancing its objective to become the United States' cleanest and most environmentally sustainable port. In 2024, a record 86% of electricity supplied to Port tenants and facilities originated from renewable and zero-carbon sources; additionally, the Port finalized a long-term energy storage services agreement designed to strengthen
West Africa's container ports caught between opportunity and operational crisis A perfect storm of geopolitical disruption and surging trade is exposing the gap between infrastructure ambitions and operational reality. West Africa's container ports are experiencing an unprecedented moment. After years of massive infrastructure investments that enabled them to handle the world's largest vessels, they now face their greatest test and the results reveal a troubling disconnect b
Stena Bulk Vessels adopt Inmarsat NexusWave to boost crew connectivity Inmarsat Maritime, a Viasat company, will install its NexusWave connectivity solution on selected Northern Marine Management (NMM) vessels operated by Stena Bulk and Proman Stena Bulk, strengthening NMM's crew-welfare and retention strategy. The move builds on existing onboard connectivity and reflects the company's commitment to offering high-quality digital access at sea. With crew expectations
Costamare reports strong Q3 2025 results Costamare Inc. announced unaudited financial results for the third quarter and nine-month period ended September 30, 2025, following the spin-off of its dry bulk business, Costamare Bulkers Holdings Limited, in May 2025. Financial Highlights Q3 2025 net income from continuing operations: $92.6 million ($0.77 per share) Q3 2025 adjusted net income from continuing operations: $98.0 million ($0.81 p
The container shipping's bet on LNG amid geopolitical turbulence As global shipping navigates the treacherous waters between decarbonization mandates and geopolitical upheaval, liquefied natural gas has emerged as the container industry's fuel of choice a pragmatic wager that's reshaping maritime energy politics
JAS acquires Pentagon Freight Services JAS, a global leader in logistics and supply chain solutions, has completed the acquisition of Pentagon Freight Services, a UK-headquartered specialist in freight forwarding, project logistics, and ship's agency operations. The acquisition follows all necessary regulatory approvals and marks a major milestone in JAS's expansion strategy. This move significantly enhances JAS's ability to deliver s
CMA CGM upsizes Atlantic Feeder Service CMA CGM has announced the upsize of its Atlantic Feeder service, effective week 45, reinforcing the company's commitment to enhanced capacity and operational reliability. Beginning November 4th, 2025, the m/v "VERA RAMBOW" (1,421 TEU nominal) will replace the m/v "HANNA" (868 TEU nominal) at the Le Havre call, significantly increasing capacity on the route. The rotation remains unchanged, serving
CMA CGM updates FAK rates from Asia CMA CGM has announced revised Freight All Kinds (FAK) rates applicable from November 15th to 30th, 2025, covering shipments from all Asian main ports to destinations across the Mediterranean and North Africa. The updated FAK quantum per container is as follows: Destination 20' (USD) 40'/40'HC (USD) West Mediterranean 2,650 3,600 Adriatic 2,800 3,900 East Mediterranean 2,250 3,600 Black Sea 2,350
AD Ports and Nimex to build AED 30B LNG & LPG Hubs at Khalifa Port AD Ports Group and Nimex Terminals have signed landmark agreements to establish the UAE's first private-sector Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) terminal hubs at Khalifa Port. The deal, valued at over AED 30 billion (USD 8 billion), will transform Khalifa Port into a leading low-carbon energy and petrochemical trading hub. The two facilities, designed to accommodate la
EuroHoldings makes first move into tankers with MR buy from Latsco EuroHoldings, the Nasdaq-listed offshoot of Greek containership owner Euroseas, has taken its first step into the tanker market with the acquisition of an MR product carrier from fellow Latsis family company Latsco Shipping. The 2015-built, 49,997 dwt Hellas Avatar will change hands for $31.83m, with delivery scheduled for mid-November 2025. The purchase will be financed ...
Study warns seafarers' shore leave still in steep decline since pandemic Seafarers are finding it increasingly difficult to step ashore, with new research showing access to shore leave has dropped sharply since the pandemic. A study by the ITF Seafarers' Trust, Shore Leave and the Future of Port-Based Welfare, found a 61% fall in seafarers spending time in welfare centres since 2020. Nearly seven in ten ...
Norden extends partnership with wood pellet maker Enviva Danish shipowner Norden has signed a new two-year contract of affreightment with US-based wood pellet producer Enviva, covering shipments from the US to Europe starting in 2026. Under the agreement, Norden will carry multiple handysize cargoes of wood pellets from loading ports along the US East and Gulf coasts to Enviva's customers in the UK ...
DeepOcean and Jana Marine team up for Middle East subsea joint venture Norway's DeepOcean and Saudi Arabia-based Jana Marine Services have penned a deal to form a joint venture targeting the offshore subsea market in the Middle East. The new company, to be named JADE Subsea Services, will provide integrated subsea construction, inspection, maintenance and repair (IMR), and diving support solutions to oil and gas clients across ...
TGS secures multi-year survey agreement with Chevron Oslo-listed seismic data specialist TGS and US supermajor Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services. The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services. The two plan to collaborate on seismic acquisition projects ...
Thenamaris returns to tanker newbuilds with suezmax brace in China Greek shipowner Thenamaris has returned to the crude tanker newbuilding market with an order for two suezmaxes at Shanghai Waigaoqiao Shipbuilding, marking its first newbuilding move in the segment in more than a decade. Shipbuilding and broking sources said the Nikolas Martinos-led company has agreed to two scrubber-fitted 158,000 dwt vessels, each priced at around ...
Russian oil exports hit turbulence as US sanctions bite Russia's seaborne crude exports are facing their sharpest disruption of the war era as new US sanctions begin to reshape global oil flows. Bloomberg data show four-week average shipments slipped to 3.58m barrels per day by November 2, down almost 200,000 barrels per day from late October - the steepest fall since January. Moscow's oil ...
Greek owners Economou and Laskaridis extend VLCC order boom at Hengli Two of Greece's best-known shipowners have joined the latest VLCC newbuilding surge at China's Hengli Shipbuilding, adding six more crude carriers to the yard's growing backlog. Shipbuilding sources said George Economou's TMS Group has committed to up to four 306,000 dwt VLCCs, while Thanassis Laskaridis-led Alimia Group, through its shipping arm Laskaridis Maritime, has ordered ...
CIP makes $3bn bet on Philippines' offshore wind growth Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) has announced that it would commit $3bn to develop its first offshore wind project in the Philippines. The offshore wind project will be located in Camarines Sur and carried out in partnership with ACEN Renewable Energy Solutions, part of Ayala Group's energy arm. The government's ...
Stolt-Nielsen takes over UK tank operator Suttons Oslo-listed Stolt-Nielsen has acquired UK-based Suttons International Holdings, expanding its tank container operations and fleet capacity. The acquisition adds more than 11,000 ISO tank containers to Stolt's fleet and broadens its product range under the Stolt Tank Containers (STC) business. Stolt-Nielsen said the move strengthens its position as a leading liquid logistics provider and supports
QatarEnergy awards engineering work to KBR at Bul Hanine field Houston-based engineering and construction services giant KBR has been awarded a contract for detailed engineering services for the Bul Hanine oil and gas field in Qatar. Under the terms of the contract, KBR will provide detailed design and engineering services for QatarEnergy's Bul Hanine EPIC project, situated approximately 120 km east of Doha. The financial ...
SpecTec: Shipping's digital breakthrough lies in better data SpecTec chief executive Adam Dennett says shipping's next big digital breakthrough won't come from new tools, but from getting existing systems to work together. Founded in Norway in 1985 and now based in Limassol, SpecTec develops the long-running AMOS vessel management software. Dennett believes the next 12 months will be defined by progress in system ...
Allseas lands Gulf of Mexico pipeline deal from Shell Swiss-based marine construction specialist Allseas has won a contract to install a new export pipeline that will significantly enhance oil transport capacity, flexibility, and efficiency in the US Gulf of Mexico. The contract was awarded by pipeline operator Shell Pipeline Company on behalf of Amberjack Pipeline Company, a joint venture between Shell and Chevron Pipeline ...
Maersk orders raft of 18,000 teu LNG newbuilds in China Maersk has returned to New Times Shipbuilding (NTS) with an order for eight 18,000 teu LNG dual-fuel containerships, according to multiple broking reports, with options for four more, at around $193m apiece. Deliveries are slated for 2028 and 2029. The deal marks the latest phase in Maersk's major fleet renewal drive and further deepens its ...
Poland unveils plans for new 2m teu deepwater hub at Swinoujscie Poland has revived plans for a major container port at Swinoujscie, part of a 186 ha development known as Cape Pomerania, aiming to create the country's second deepwater container hub after Gdansk. The port will be able to handle the world's largest boxships, strengthening Central and Eastern Europe's links to global trade. The Deepwater Container ...
Ports get a green credit line C40 Cities, a global network of mayors, along with the International Finance Corporation (IFC) and the International Association of Ports and Harbors (IAPH), has launched the Global Port Sustainability-Linked Loan (SLL) Initiative. The initiative establishes the first global framework specifically tailored to deploy sustainability-linked loans for port decarbonisation projects worldwide. The part
Costamare lifts Chinese newbuild series to six boxships Greek containership owner Costamare has expanded its newbuilding programme in China, adding two more 3,100 teu vessels to its growing series. The New York-listed company said in its third-quarter earnings report that the vessels are scheduled for delivery in the first quarter of 2028 from an undisclosed Chinese shipyard. Both ships will go straight onto ...
Performance Shipping aframax lands two-year ExxonMobil charter Greek tanker owner Performance Shipping has signed a fresh two-year charter deal for its 2013-built aframax P Long Beach with ExxonMobil's shipping arm, SeaRiver Maritime. The 105,408 dwt vessel will start the new employment at a daily rate of $30,500 upon redelivery from its current charterer, expected around mid-December 2025. The agreement adds about $21.35m ...
Diana Shipping nets $12.5m from fresh MOL and Bunge charters Greek dry bulk owner Diana Shipping has sealed a fresh charter deal with MOL Ocean Bulk and extended another with Bunge, adding up to around $12.5m in gross revenue for the two vessels. The New York-listed company said it fixed its 2012-built 206,104 dwt newcastlemax Los Angeles to MOL at $24,000 per day, less 5% ...
When the technology crutch is kicked Steven Jones, the founder of the Seafarers Happiness Index, on the tech above all generation and the urgent need to rebuild seamanship and trust at sea. The worst things you can lose at sea are stability, power, and position. Lose your stability and over you go. Lose power and the wind, waves, and current take ...
Star Bulk tied to fresh kamsarmax orders at Hengli Greek dry bulk heavyweight Star Bulk Carriers has reportedly joined the latest wave of Greek bulk carrier ordering activity in China, signing up for up to six kamsarmaxes at Hengli Shipbuilding. Newbuilding sources in Greece have tied the Nasdaq-listed Athens-based company to a deal for four firm and two optional scrubber-fitted 82,000 dwt vessels with ...
Shipping's cyber reckoning Craig Wooldridge, maritime cyber baseline manager at IASME Consortium, on the importance of cybersecurity hygiene on ships. The maritime industry is increasingly reliant on digital systems to ensure the safe and efficient operation of vessels. From navigation and communication systems to cargo management and propulsion controls, ships of all classifications, regardless of their size or shape, ...
Compliance confusion grows as UK ramps up sanctions pressure Insurers and lawyers are raising concerns that the increasingly aggressive sanctions stance of the UK means vessels engaged in a...
Haji-Ioannou secures win in $27m legal fight with Nobu Su Taiwanese fraudster shipowner and associates held liable after dissipating funds in defiance of freezing order
Russia takes on Venezuelan naphtha trade Vessels can be seen making 'clean' loadings at Russian ports and engaging in normal-looking STS transfers, but downstream the supply...
US-China trade deal saves Matson $80m a year in port fees Liner operator Matson offers a window on current trade disruptions. It is heavily involved in the transpacific trade and exposed...
Adani Ports' logistics division grows 92% in first half of FY2026 Cargo handling volumes rise 11% year on year, with the port operator handling 45.5% of India's container throughput
Chinese shipyard poised to win Maersk's latest ULCS newbuilding contract New order will be be Maersk's second to be signed at New Times Shipbuilding following December 2024's contract for six...
Veteran Greek shipping lawyer joins Hill Dickinson Piraeus office Dimitris Karamacheras transfers from Watson Farley & Williams
S&P deal collapse case may go to Supreme Court Legal battle centres on who pays what when sellers pull out at last minute
Moby vessels listed for auction by Milan court MSC sold its stake in the Italian ferry operator after the Italian competition authority ruled its involvement could affect competition...
Wallenius Wilhelmsen expects USTR fees to remain despite suspension announcement Growing trade imbalances, US import tariffs and USTR port fees expected to weigh on future vehicle carrier operator revenues
Poland to build 'massive' port project on Baltic The so-called Pomerania Cape port at Swinoujscie will be built entirely by Polish entities and could cost up to $400m
Shipping: mad as hell and not going to take it anymore There are signs that shipowners are starting to get mad - to borrow a phrase from one of the most...
The Daily View: Flying the flag
CMA CGM registers 10 LNG-powered ULCs under French flag The move comes amid political pressure for the French giant to provide more investment and jobs toward the national economy
Daily Briefing More LPG carriers are spoofing loadings in Russia. It's not entirely clear why | Global LNG trade flows teeter on...
Matson Q3 results beat expectations despite weak trans-Pacific market The Jones Act carrier said pricing for expedited ocean freight stayed firm in the quarter despite lower overall volumes from China amid the trade dispute between Washington and Beijing.
Air freight growth remains solid as verticals support nonstop momentum Even another round of US tariffs and ongoing geopolitical concerns would be unlikely to blunt the growth, with airlines able to rapidly adjust capacity to support shifting trade flows, delegates at a global air cargo forum were told.
US LTL 'land rush' reaches its end amid long-term freight decline LTL carriers are reining in capital spending on property, holding new terminals and doors in reserve as they await a hoped-for turnaround in freight demand in 2026.
SAL Heavy Lift, Intermarine combine under a single brand With a combined fleet of around 80 ships, the new structure unites SAL's services under one integrated brand specializing in heavy-lift, ultra heavy-lift, multipurpose, offshore, semi liner shipping and bulk transport.
Air freight growth remains solid as verticals support non-stop momentum Even another round of US tariffs and ongoing geopolitical concerns would be unlikely to blunt the growth, with airlines able to rapidly adjust capacity to support shifting trade flows, delegates at a global air cargo forum were told.
Shipping stocks gain after US Supreme Court questions Trump tariff power Most shipping shares join in the upward momentum in New York after conservative justices suggest tariffs are the realm of Congress, not the president
'Resilient financial result': Odfjell reports slimmer-than-expected profit dip Chief executive says fourth-quarter earnings should be in line with the third
Frachtcontor snaps up rival broker HMC in 'strategic' deal Shipbroking consolidation rolls forward in Germany as merged shop eyes wider horizons
K Line profit slumps as dry bulk and containers drag on the bottom line Japanese shipowning giant has cut its annual profit forecast by almost 9% since August
Warship hunts pirate mothership after tanker attack Hijacked fishing dhow briefly signalled its position further off the Somali coast
International Seaways looks to Bermuda and it's not for a day at the beach This week's Streetwise looks at the New York owner's decision to re-domicile some subsidiaries for tax reasons
Ardmore secures eye-catching two-year charter rate as product tanker market climbs Ireland-based owner beats analysts' expectations for period deal, and for third-quarter Ebitda
Tanker and bulker markets are 'massively back', says Braemar boss James Gundy UK-broker's chief executive is bullish about second-half momentum
AI data centre developers competing for key gas turbine kit, Golar says Company plans to follow the 'same recipe' of having a single speculative FLNG unit available
'Critically low': Older bulkers crowding the market as net-zero delay slows scrapping Broker Allied QuantumSea says oversupply risk could persist
Insurer West pitches for premium rise in 2026 Club says volatile claims and inflation are behind plans for the rise
Latsis family sells first tanker to its US-listed vehicle in strategy pivot EuroHoldings pays $32m for 2015-built MR vessel
World's largest container ship owner sets new record for fleet size Carrier puts more daylight between itself and rest of the pack
Five Moby ropaxes to be auctioned off to repay MSC loan Sale of ships follows antitrust probe in the Mediterranean
Ship spoofing creates panic among younger seafarers Welfare report highlights training gaps as crew work harder for fewer rewards
World's largest container ship owner sets new record for fleet size Aponte-controlled carrier puts more daylight between itself and the rest of the pack
Will AI-fuelled headcount cuts make their way to shipping? It's only a matter of time The picture is nuanced, as some roles are enhanced by the technology
Golar LNG dives in with shipyards on pricing and slots for fourth FLNG unit Company will book long lead items for next-up floater before year-end
Lack of detail on port fee truce leaves Wallenius Wilhelmsen wary Even government officials are short on finer points after leaders publicly declare truce
Vitol and International Resources sign up to buy LNG from Delfin's FLNG-based US project New offtaker steps in as incoming floating liquefaction development nears final investment decision
Ultrabulk charterers triumph at Clarksons dry cargo day UK shipbroker welcomes record number of participants to annual bulker course
Greek owner Latsis orders newbuildings in China Hellenic player takes tally to four ships after exercising options
Norwegian credit fund bets on Navios' 'attractive' debut bond Bond market sets issuance volume record for the year
DHT likely to 'layer in' VLCC charters as spot strength persists, analysts say Lower cash breakeven makes term deals even more attractive, Frode Morkedal argues
Wista International president: We are in this together The Women's International Shipping & Trading Association has been growing in membership and in scope
AET orders suezmax tankers at Samsung Heavy Industries South Korean block maker HSG Sungdong will be constructing dual-fuel pair
EU risks losing Qatar's LNG over green rules, warns energy group OMV Austrian group wants bloc to reconsider Corporate Sustainability Due Diligence Directive after QatarEnergy boss's warning
Eastern Pacific inks debut VLCC order as Idan Ofer returns to big tankers Shipowner has been tempted back into the market by tightening dynamics and price
Norden extends contract of affreightment with world's largest wood pellet producer Contract, initially signed in 2012, has been adjusted
End of sanctions will lead to oil glut, says Gunvor boss Torbjorn Tornqvist says sanctioned Russian oil will end up in the market one way or another
Cruise ship owner faces liquidation by French court Nantes-based operation bought Silversea Cruises vessel in 2022
Wallenius Wilhelmsen shares jump after 'sound' quarter Analysts see US port fees weighing on fourth quarter
Yangzijiang Maritime Development raises close to $4m on Singapore listing The newly created company will focus on maritime and shipbuilding investment
Position Green brings in more shipping clients as ESG platform grows Over 100 shipping companies use Position Green's services
Stainless Tankers sees chemical tonnage tightening next year with greater clarity on tariffs Oslo-listed owner lowers rate forecasts in short term, but is more hopeful of improvements in 2026
Fujian Guohang tears up order for bulkers at Chinese shipyard Owner says it is refocusing on vessels suited for international trade
Braemar says second-half conditions improving as it targets acquisitions in 'fragmented' market Shipbroker's first-half performance hit by softer rates and a weaker dollar
Stolt-Nielsen buys UK tank operator Suttons Acquisition adds more than 11,000 ISO tank containers to Stolt's fleet
DOF Group raises dividend as profit rises in third quarter Offshore service company sees 'high tendering activity across regions'
ONE cuts 2025 profit forecast by more than half Flood of newbuildings exerts strong downward pressure on already depressed freight rates
Brokers link Meghna Group to $32.5m Japanese bulker acquisition However, other ships linked to Bangladesh owner this year have ended up in Greek fleets
US-China deal spares Matson from $80m-per-year port fee exposure US owner waiting to see if it can get refund on fees it has already paid
HSBC says port fees pause is direct reprieve for China's Cosco Shipping Holdings But analysts are not confident that recent rate rises will continue
Navigator Holdings hikes capital return policy and delivers in-line quarter New York-listed gas carrier owner
LATEST: NTSB crash investigators try to minimize disruption for UPS customers The National Transportation Safety Board will conduct an exhaustive examination of the events leading up to the crash of a UPS MD-11 freighter on Tuesday, but hopes to quickly finish evidence collection on the Louisville airfield so UPS can resume critical shipping activity.
Panama Canal fights drought with $8.5B plan to secure future trade As climate volatility intensifies, Panama Canal Administrator Ricaurte Vásquez says a new reservoir and diversified cargo infrastructure are essential to protect the canal's future.
Shares of largest US container line buoyed by tariff outlook Matson saw its shares gain as a positive outlook for China-related shipping outweighed weaker financial results in the third quarter.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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