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KOCAELİ: UZMAR Shipyard held the keel-laying ceremony for four RAmpage 6000DE diesel-electric powered offshore terminal support tugboats. The tugboats are being constructed for SMIT Lamnalco and will operate in ExxonMobil's offshore terminal operations in Guyana. "The tugboats under construction were inspected on-site…
What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity...
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.
British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP’s total issued share capital, for NOK311 per share. The transaction generated…
AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.
The container shipping industry’s long detour around southern Africa is rapidly coming to an end, with Taiwan’s Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon …
The General Court of the European Union annulled the complete removal of the recognition status of the Russian Maritime Register of Shipping (RMRS) in Europe, deeming it disproportionate. However, financial sanctions against the Russian entity and the ban on the entry of the ships it certifies into EU ports will remai…
The Turkish-flagged tugboat AYAZ BEY, which was towing a damaged tanker off the coast of Ukraine, collided with a vessel while operating off the coast of Romania near Neptun. Following the accident that occurred on November 4, 2026, a search and rescue operation was initiated in the area, and it was reported that all …
Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14…
Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...
The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...
As trans-Pacific freight rates continue to soften, liner carriers are intensifying their investment in transit-time performance. On 30 October, ZIM announced the launch of ZX3, a new service linking Shanghai and Xiamen directly with Los Angeles. Operated exclusively by ZIM, ZX3 is scheduled to commence operations in D…
A potential strike by port security personnel at two of the United States' largest container hubs - the Port of Los Angeles and the Port of Long Beach - has been temporarily averted. On October 30, the Pacific Maritime Association, representing port employers, reached an agreement with ILWU Local 26 to extend the nego…
According to Sea-Intelligence data, the Gemini Cooperation network formed by Maersk and Hapag-Lloyd recorded an average schedule reliability of 68.4% in August and September, marginally below Mediterranean Shipping Company's 68.9%, as port delays at several major hubs weighed on performance across both carriers. The g…
Wan Hai Lines issued an official notice on 29 October, announcing the launch of a new service designated CI8 (China India Service 8). Deploying vessels in the 2,800-3,000 TEU range, the service operates on a 35-day rotation and is scheduled to commence in late November 2026. CI8 is designed to connect Vietnam, South C…
COSCO SHIPPING Ports reported strong results for Q3 2026, reflecting steady growth in throughput and revenue. The company's total throughput reached 42.27 million TEUs, an 8.4% year-on-year increase, while equity throughput rose 8.1% to 12.88 million TEUs. Revenue for the quarter reached USD 484.33 million, up 13.0% y…
Nearly 85,000 TEU of container capacity is currently waiting outside Durban, while arrival and departure delays remain above five days. Port congestion at Durban, South Africa's principal container gateway, remains severe. Container vessels continue to face prolonged waiting times, significant schedule delays, and a s…
The 2026 Global Ocean Development Forum was held recently in Qingdao, a coastal city in east China's Shandong Province. At the event, organizers released two major marine economy reports, unveiled new global marine environmental monitoring datasets, and launched an international initiative on ocean public welfare. The…
Qingdao Port International Co., Ltd. reported a 3.2% growth in cargo throughput for the first nine months of 2026, confirming continued operational expansion at one of northern China's principal maritime gateways. Despite this positive operational result, the company's shares have declined by 5%, separating the port's…
CMA CGM launched its first dedicated full-block train service between the Port of Mombasa and the Nairobi-Embakasi Inland Container Depot on October 28. The move strengthens the group's inland logistics capabilities in Kenya and provides cargo owners with a scheduled rail link from the coast to the country's capital. …
The transpacific has become the most lucrative major container shipping trade in the world, with carriers generating five times more spot revenue per nautical mile on the Shanghai–Los Angeles route than on shipments to North Europe via the Cape of Good Hope. New analysis from Alphaliner shows that the extraordinary st…
Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...
Indian officials were cautious on the US midterm election results, saying it eases some of the pressure over trade tensions but creates a new layer of uncertainty in an already fragile relationship.
As technological advancements accelerate in the international maritime sector, the physical and psychological pressure on seafarers is increasingly rising. Steven Jones, the founder of the Seafarers Happiness Index, warned that the industry's expectation of continuously higher performance from fewer personnel is unsus…