Todays Featured News
U.S. Port Fees on China-Built Ships Face Industry Pushback
Proposed U.S. port fees on China-built ships spark industry concerns over costs, trade impact, and exemptions.
Japan Launches Ice-Class Arctic Research Vessel Mirai II
Japan’s Mirai II, an ice-class research vessel, will study Arctic environmental changes, launching in 2026.
Ukraine’s Black Sea Ports Expand Despite Conflict
Ukraine’s Black Sea ports grow trade volumes amid war, with hopes for stability through ceasefire talks.
Yang Ming Orders Three Methanol-Ready Newbuilds from Japan
Yang Ming orders three 8,000 TEU methanol-ready ships from Shoei Kisen, arriving 2028-2029, worth $360M.
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China to Review CK Hutchison’s $22.8bn Ports Deal
China's antitrust regulator will assess CK Hutchison’s sale of an 80% stake in 43 ports to BlackRock and TiL, ensuring market fairness.
Hapag-Lloyd Launches China-Philippines Feeder Service
Hapag-Lloyd's new CPF service connects China, Malaysia, Singapore, and the Philippines, enhancing regional trade links.
MPC Container Ships Sells Seven Vessels
MPCC offloads five ships to Contships Logistics and two to separate buyers, reducing its 2025 revenue guidance.
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Panama Canal Reserves Transit Slots for Low-Emission Vessels
Panama Canal reserves weekly transit slots for low-emission vessels, promoting sustainability and maritime decarbonization efforts.
Port of Savannah Sets Records in February
Savannah achieved record container, rail, and truck moves, while Brunswick saw a decline in ro-ro trade.
US Cargo Thefts Surge 60% in Two Years
TT Club reports rising full-load thefts, shifting regional patterns, and increased security measures.
US Trade Hearings on Chinese Ship Charges
USTR hearings debated $1.5M Chinese ship fees, inflation concerns, and US shipbuilding alternatives from Japan/Korea.
HMM Launches First Methanol-Fueled Containership
HMM’s HMM Green debuts, joining early adopters of methanol fuel, cutting emissions by up to 65%.
Port Authority Extends 33-Year Lease with APM Terminals
APM Terminals secures lease through 2062, investing $500M to expand capacity and achieve sustainability goals.
COSCO Reports Massive 2024 Profit Surge
Cosco's revenue soared 33%, net profit jumped 95%, driven by U.S. demand and Red Sea crisis, despite U.S. trade challenges.
CMA CGM Expands Green Methanol Collaboration in Shanghai
CMA CGM, SIPG, and Shanghai Electric partner to build a sustainable green methanol supply chain, advancing shipping’s decarbonization.
Container Lines Face Market Uncertainty as Pacific Rates Slide
Spot rates drop as contract renewals near, with carriers adjusting capacity amid geopolitical and market uncertainties.
DP World Begins £1bn London Gateway Expansion in May
DP World starts a four-year expansion, adding berths and rail capacity to make London Gateway the UK's largest port.
Seven Asian Shipping Lines Launch China-Mexico Service
Seven Asian carriers launch a China-Mexico route, boosting trade and meeting rising logistics demand.
Ukraine Ceasefire Talks to Focus on Black Sea Shipping
Upcoming Ukraine ceasefire talks will focus on Black Sea navigation safety amid renewed Russian attacks on Odesa’s merchant vessels.
CMA CGM Seeks to Acquire Air Belgium’s Cargo Business
CMA CGM has bid to take over Air Belgium’s cargo operations, aiming to expand its air freight capacity and retain the brand.
Port of Los Angeles Reports Strong February Volumes
The Port of Los Angeles saw a 2.5% cargo increase in February, but potential tariff concerns may impact volumes later in 2025.
U.S. Tariffs on Chinese Ships Could Backfire
U.S. tariffs on Chinese ships may raise costs, disrupt supply chains, and hurt exporters and consumers.
BTL Expands Mediterranean Network with New Trade Route
Bengal Tiger Line launches Turkey–Red Sea–West India service, expanding Mediterranean network with Arkas and Turkon.
OOCL Completes First Cross-Platform eBL Transaction
OOCL’s interoperable eBL solution enables secure cross-platform transactions, boosting adoption towards 100% by 2030.
Canada Ports Face Container Delays from Weather and Rail Issues
Halifax and Vancouver face significant container delays due to harsh weather and rail issues, disrupting North American logistics.
Pirates Board Tanker off Central African Coast, Shots Fired
Pirates boarded the BITU River tanker near São Tomé; no injuries reported, vessel resumed voyage to Libreville.
Box Charter to Freight Rate Ratio Hits Record 289%
Charter rates remain high despite falling freight rates, with boxship utilisation dropping below 90% on major routes.
Wan Hai Lines Posts Record Revenue and Profit in 2024
Wan Hai Lines' revenue rose to $4.9B in 2024, driven by Red Sea diversions and higher shipping rates.
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DP World and Maersk Expand Services at Port of Santos
DP World and Maersk signed an eight-year deal to expand services at Santos, boosting capacity to 2.1M TEU by 2027.
Evergreen's Profits Surge amid Higher Rates and Longer Routes
Evergreen's $12.7B revenue surge driven by Red Sea diversions, higher rates, and six new 24,000-TEU LNG ships.
MSC Expands Global Port Presence with Hutchison Deal
MSC's $22.8B Hutchison deal boosts terminal portfolio, increasing market share and supporting larger container ship infrastructure.
One in Five Shipping Firms Hit by Cyber Attacks in 2024
20% of shipping firms faced cyber attacks; ransom costs fell from $3.2M to under $100K, malware remains a threat.
OOCL Reports $2.58B Profit in 2024, Revenue Up 28%
OOCL’s profit rose 88% to $2.58B, driven by higher rates, new vessels, and strategic partnerships.
Zim Reports $2.15B Profit in 2024, Revenue Up 63%
Zim's revenue rose 63% to $8.43B, driven by higher volumes and rates, reversing a $2.69B loss in 2023.
DP World Posts Record Revenue but Lower Profit in 2024
DP World's revenue rose 9.7% to $20B, but profit fell 2% due to higher finance costs and supply chain issues.
Container Freight Rates Drop Over 50% Since July
Container rates have fallen 50-70% since July due to oversupply, geopolitical shifts, and tariff uncertainty.
Stena Tanker Hit by Unmanned Solong, Explosion Causes Fatality
Solong collided with Stena Immaculate, causing explosions, fire, and one fatality; captain arrested.
Captain Arrested After North Sea Collision and Fuel Spill
Solong captain arrested after collision with Stena Immaculate caused fire, one missing, and fuel leak.
US Tariffs and Lull in Demand Weigh on Ocean Container Rates
US tariff changes disrupt logistics, causing container rate declines and uncertainty in shipping.
Gemini Services Enhance Reliability, Sustainability, and Efficiency
Gemini services improve reliability, sustainability, and vessel efficiency without blank sailings, enhancing customer trust.
Houthis Resume Attacks on Israeli Vessels in Red Sea
Houthis will target Israeli vessels in the Red Sea until Gaza aid crossings reopen for food and medicine.
Rise in Singapore Strait Robberies
23 of 26 Southeast Asia robberies in 2025 occurred near Singapore Strait, raising concerns.
Hapag-Lloyd Expands Ship Capacity Through Jumboisation
Hapag-Lloyd upgrading seven ships in China, boosting capacity from 9,324 to 10,200 TEU.
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Triton Acquires Global Container International for $1B+
Triton to acquire GCI for $1B+, adding 500,000 TEU to its 7M-container fleet by mid-2025.
Solong Master Arrested After Fatal North Sea Collision
Solong’s captain arrested for gross negligence manslaughter after collision with Stena Immaculate.
Seafarer Missing After Solong and Stena Tanker Collision
Fiery collision between Solong and Stena Immaculate leaves one seafarer missing; search ended.
Two Bulkers Collide in Yangtze Estuary; No Injuries Reported
Cape Legacy and Feida 138 collided in Yangtze estuary; Cape Legacy sustained hull damage, no injuries.
Hapag-Lloyd Buys 60% Stake in Le Havre Terminal
Hapag-Lloyd's Hanseatic Global Terminals acquired 60% of CNMP in Le Havre to expand its terminal portfolio.
Houthi Threatens Red Sea Shipping Attacks Over Gaza Aid
Houthi warns of renewed Red Sea attacks unless Israel restores Gaza aid within
four days.
US Shipping Firms Warn of Bankruptcy Over China Vessel Fees
Proposed USTR fees on China-built vessels may force small and mid-sized US shipping firms to close.
CMA CGM Overtakes Maersk in Liner Rankings
CMA CGM surpasses Maersk as the second-largest liner, driven by aggressive ship acquisitions and orders.
Trans-Pacific Container Rates Drop as Tariff Window Closes
Container rates fall due to seasonal slump, frontloading end, and tariff concerns impacting demand.
CMA CGM Launches SEAS 3 Service Connecting Asia to South America
CMA CGM introduces SEAS 3 service, linking Asia to South America's East Coast with Maersk partnership.
Trump Weighs Easing Sanctions on Russia
White House considers lifting restrictions on Russian entities amid strained U.S.-Ukraine relations.
Trump Plans Tax Breaks, Investments for Shipbuilding
The U.S. plans shipbuilding tax breaks, port fees on Chinese vessels, and maritime security investments.
MSC Acquires Hutchison’s Panama Ports Amid U.S.-China Tensions
BlackRock, MSC acquire Hutchison’s non-China port assets, including Panama, amid escalating U.S.-China tensions.
Railroads report over $100 million freight theft losses.
Railroads urge federal action as 2024 cargo theft surpasses $100 million, with rising organized crime involvement.
MSC Levante F hit by Russian missiles, escapes damage.
MSC Levante F sustained minor damage from Russian missiles in Odessa but remained seaworthy and safely departed.
CMA CGM Orders First Electric Containership
CMA CGM's 182 teu electric boxship, launching in Vietnam by 2026, supports zero-emission shipping for Nike.
Alibaba and Maersk Partner to Simplify Global Shipping
Alibaba integrates Maersk’s shipping services, enhancing efficiency, reducing costs, and simplifying logistics for global SMEs.
Smart Container Alliance Launched to Boost Trade Security
Smart Container Alliance launched to enhance trade security, combat illicit trade, and promote smart container technology.
Freight Rates Drop; Red Sea Return May Shift Market
Freight rates fall as capacity rises; Red Sea crisis resolution may further reduce rates, benefiting shippers.
FIT Invests $25M in Expansion & Tech Advancements
Florida International Terminal extends concession, invests in technology and equipment to enhance operational efficiency.
Panama Declares Hutchison's Port Contract Unconstitutional
Panama's Attorney General challenges Hutchison's port contract, citing constitutional issues amid geopolitical disputes.
Costamare Spins Off Dry Bulk Business into New Public Company
Costamare separates dry bulk operations, forming Costamare Bulkers Holdings for enhanced investment and strategic focus.
Port of Baltimore Recovers Strongly After Bridge Collapse
Port handled 45.9 million tons in 2024, aided by double-stack rail service and strategic recovery.
MSC Shifts Megamaxes from Asia-North Europe Trade
MSC redeploys megamax vessels to Asia-Med and Asia-West Africa routes amid falling freight rates.
Eastern Pacific Secures Financing for LNG-Fueled Boxships
EPS partners with SPDB for two neopanamax vessels, enhancing green, energy-efficient fleet expansion.
US Shippers Concerned Over Chinese Vessel Charges
Proposed US charges on Chinese-built vessels may raise import costs, impacting shippers and consumers.
ILA Approves Historic Contract with 62% Raise and Limited Automation
ILA ratifies 6-year contract with 62% raise, job protections, and limited automation at East, Gulf ports.
InterManager Urges IMO to Bill Shipowners for Carbon Costs
InterManager advocates for shipowners, not third-party managers, to bear carbon costs, citing limited control over emissions decisions.
Panama Canal Approves Reservoir Project to Combat Drought
Panama Canal approves $1.2 billion reservoir to combat drought, enhance water supply, and stabilize shipping disruptions.
Trump’s Fees on Chinese Ships May Disrupt US-Mexico Trade
Proposed fees on Chinese vessels could increase congestion at Mexican ports, impacting cross-border logistics.
US Fees on China Vessels Threaten Supply Chain Stability
Proposed US port fees on Chinese vessels may raise costs, disrupt supply chains, divert shipments, and slow economic growth.
Bulker Released After 15-Month Cocaine Probe in India
Vietnamese-owned bulker Debi freed after cocaine find, port fee dispute, and prolonged crew detention in India.
EU Warns of Rising Pirate Threat Near Somalia
Recent dhow hijackings signal evolving piracy risks in Somali waters, despite international security patrols.
Hamburg Port Throughput Drops 2.1% in 2024
Hamburg's throughput dropped due to lower bulk volumes despite rising container throughput and economic challenges.
US Imposes Hefty Port Fees on Chinese Ships
US proposes up to $1.5 million per port call for Chinese-built ships, impacting global trade costs
MSC Orders Up to Eight Megamax LNG Containerships
MSC orders four 21,700 TEU LNG dual-fuel megamaxes from Changhong International, with options for four more.
Tariff Fears Boost Port of Long Beach to Record Start
January container volume surged 41.4% as importers frontloaded goods to avoid upcoming tariffs.
Container Freight Rates Drop Amid Market Shifts
Spot container rates fell 10% in a week due to geopolitical changes, capacity increases, and newbuild deliveries.
Port of Rotterdam Seeks Support Amid Volume Decline
Port of Rotterdam urges regulatory support for competitiveness and decarbonization as 2024 volumes drop.
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.
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.
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.
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.
Hungary to Gain First Seaport Since WW1
Hungary is building a $209m seaport in Trieste, Italy, enhancing trade access and reducing dependency on neighbors.
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.