Todays Featured News
ILA's $35 Billion Contract Awaits Member Approval
ILA's historic six-year contract with 62% pay raise awaits member ratification, seen as a key hurdle.
Investigations into Damage to Tankers in Russian Oil Trade
Authorities probe potential targeting of tankers linked to Russian oil trade after multiple incidents in Mediterranean.
MSC Launches New Shipping Routes from Dalian to Mediterranean
MSC introduces direct container routes from Dalian to Mediterranean, enhancing trade.
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Jebel Ali Port Achieves Highest Cargo Volumes Since 2015
Jebel Ali handled 15.5m teu in 2024, boosted by regional demand, new services, and significant growth in breakbulk cargo.
MSC and CMA CGM Invest in New Moroccan Container Terminal
MSC and CMA CGM partner in Nador West Med terminal, expanding Morocco's container hub capacity.
EU Extends Red Sea Naval Operation Until 2026
EUNAVFOR Aspides' mandate is extended to safeguard Red Sea navigation amid regional tensions.
CMA CGM Acquires Four Chartworld Container Ships
CMA CGM purchased four 3,700 TEU vessels from Chartworld, nearing a 4 million TEU fleet capacity.
SeaLead Expands Global Network with New Transatlantic Service
SeaLead's new MEDUS service links Mediterranean ports with the US East Coast, expanding transatlantic reach.
China Delivers First Large Methanol-Fueled Container Ship
Cosco Shipping's 16,180 TEU vessel, Yangpu, reduces carbon emissions by 8.9% with advanced methanol dual-fuel technology.
ONE Launches Fast Vietnam-China Shipping Service
ONE's new VCX service reduces transit times, connecting Vietnam, Hong Kong, Nansha, and global networks.
Charleston Sets Record with Largest Boxship Arrival
The Port of Charleston welcomed its largest container ship, OOCL Iris, highlighting SC Ports' $3B infrastructure investments.
Grimaldi ConRo Drifting in English Channel After Fire Contained
Grimaldi's Grande Brasile caught fire in the English Channel, losing propulsion and steering; no injuries reported.
Italy Investigates Explosion on Greek Tanker
Authorities probe possible sabotage after hull damage on Greek tanker Seajewel in Savona, linked to Russian oil trade.
MSC Expands Lead in Global Liner Market
MSC strengthens its dominance with superior market coverage, outpacing Maersk and Hapag-Lloyd's Gemini Cooperation.
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India Partners with Shipping Giants for Maritime Growth
India invites MSC, Maersk, and CMA CGM to invest in its $2.9B shipbuilding initiative, boosting maritime infrastructure.
Tariff Uncertainty Keeps Trans-Pacific Rates High
Tariff threats sustain high trans-Pacific container rates despite slow season, with analysts debating future price trends.
Shandong Port Expands Qingdao Projects
Shandong Port Group invests $12.9bn in 29 projects to strengthen Qingdao as a global maritime hub and port cluster.
UK Sentences Ship Master and Firm for Fatal Crash
Ship master Sam Farrow got a suspended sentence, and Intrada Ships fined £180,000 for negligence in a 2021 fatal collision.
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Maersk and Cochin Shipyard Partner for Ship Repairs
Maersk signed an MoU with Cochin Shipyard to enhance ship repairs, training, and maritime growth. First repair set for 2025.
MSC Baltic III Aground Near Newfoundland, Crew Rescued
The 22-year-old MSC Baltic III lost power, ran aground in Wild Cove. Crew airlifted; salvage and environmental response underway.
Container Spot Rates Drop to 2023 Lows
Post-Lunar New Year, spot rates fall 5-6% to $3,095/FEU. Shipping remains profitable, but challenges persist.
DP World’s Carbon Inset Programme Hits 100,000 TEU
DP World's UK trial registers 100,000 TEU, awarding CO₂e credits via biofuels to cut Scope 3 emissions, supporting net-zero by 2050.
Greenpeace Protests Sanctioned Russian Tanker
Activists painted “RISK” on a Russian tanker off Denmark, urging stricter EU sanctions on unregulated shadow fleet oil shipments.
India Launches Bharat Container Line for Global Trade
India launches Bharat Container Line with 100 vessels, $3B fund to boost trade, shipbuilding, and reduce foreign reliance.
Russian Tanker Stranded Amid Sanctions, Houthi Attack
The Cordelia Moon, carrying Russian oil, was denied entry to India after Houthi attack and U.S. sanctions.
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Nuclear-Powered Shipping Advances at Houston Summit
HD KSOE unveils a 15,000 TEU SMR-powered ship, promoting zero-carbon efficiency and maritime decarbonization.
Evergreen and CMA CGM Expand Fleet with Megamax Orders
Their new orders push the global boxship orderbook past 9M TEU, driving total fleet capacity to 31.7M TEU.
Port of LA Chassis Theft Ring Uncovered
LA Port Police arrested a suspect in a chassis theft ring, recovering $600,000 in equipment. More arrests are expected.
Oil Spill Near Istanbul Involves Russian Trade Tanker
The Indian-managed Jag tanker spilled oil near Istanbul; cleanup efforts are underway as the vessel remains anchored.
Tariff Concerns May Keep Trans-Pacific Rates High
Trans-Pacific rates may stay elevated as U.S. shippers frontload imports amid tariff concerns, while Asia-Europe rates drop.
Gemini’s US4 Service Launches from Nansha
Gemini US4 connects South China, Southeast Asia, and the US East Coast with 14,000 TEU vessels, boosting connectivity.
Dali Sister Ship Resumes Voyage After 23 Days Adrift
Maersk Saltoro, adrift for 23 days due to engine failure, is back en route to China, sparking shipment quality concerns.
NYK and Yara Charter First Ammonia-Fueled Gas Carrier
NYK and Yara signed a charter for an ammonia-fueled gas carrier, launching in 2026 to advance green maritime fuel.
Trump Expands Tariffs Amid U.S.-China Trade Tensions
Trump imposed a 25% tariff on steel and aluminum; China retaliated with tariffs on U.S. coal, LNG, and crude oil.
Red Sea Freight Rates to Stay High Amid Uncertainty
Suez Canal transits remain limited, keeping freight rates high. New U.S. tariffs add concerns, with no rate relief expected soon.
US Retailers Boost Imports Amid Tariff Uncertainty
Retailers increased imports to avoid new tariffs, driving record December volumes and a 14.8% rise in 2024.
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Panama Canal Transits Rise 25% After Drought Recovery
Panama Canal transits rose 25% in FY2025, reaching 4,042 vessels. Daily transits hit 36 as water management improved.
QatarEnergy Expands LNG Fleet to 128 Vessels by 2030
QatarEnergy adds 128 LNG vessels by 2030, built in China and South Korea, boosting global LNG trade and operations.
The SS United States Departure Delayed for Final Checks
The SS United States faces indefinite delays as the U.S. Coast Guard reviews its towing plan before leaving Philadelphia.
Evergreen Orders 11 Megamax Containerships for Fleet Expansion
Evergreen orders 11 LNG dual-fuel ships for $3.25B, adding 264,000 TEU. Built by Hanwha and GSI, deliveries start 2028.