Recent Posts
News•Feb 27, 2026
NatPower Raises Alarm on UK Shore Power Policy
NatPower Marine warns that the UK’s flagship shore‑power projects in Aberdeen and Portsmouth are faltering because soaring industrial electricity prices and a punitive pricing framework make diesel generators cheaper than grid‑connected power. The company attributes the delays to structural policy flaws—high grid charges, VAT treatment and levies—rather than isolated pricing spikes. NatPower calls for a stable, long‑term investment framework, reduced grid‑related fees, and targeted incentives to make shore power commercially viable. Without such reforms, investors may shy away from future port electrification projects, jeopardising the UK’s decarbonisation goals.
By Seatrade Maritime
News•Feb 27, 2026
Yangzijiang Shipbuilding Achieves a Record Performance in 2025
Yangzijiang Shipbuilding posted a record FY 2025, with revenue climbing 7.4% to RMB 28.5 billion and gross profit jumping 28.3% to RMB 9.8 billion. The core shipbuilding division generated RMB 26.8 billion, up 6.4%, while the orderbook swelled to $22.4 billion for 245 vessels. Shipping‑related revenue slipped 8.1%...
By Seatrade Maritime
News•Feb 27, 2026
VLCC Rates – How High and for How Long?
The crude tanker market is experiencing a sharp surge, with VLCC spot hires topping $200,000 per day and one‑year time‑charter equivalents reaching $135,000. Baltic Exchange data show composite VLCC rates near $169,000 daily, while International Seaways (INSW) reported Q4 2025...
By Seatrade Maritime
News•Feb 27, 2026
Routing Software Wins LNG Carriers on Crew-First Approach
Knutsen LNG France has selected Syroco Live, an AI‑driven routing platform, for fleet‑wide deployment after a successful 2024 trial on four vessels. The system promises to boost navigation safety, cut fuel consumption by roughly 10% and lower greenhouse‑gas emissions while...
By Seatrade Maritime
News•Feb 26, 2026
Brazilian and Malaysian Ports Ink MoUs
Brazil’s Suape Industrial Port Complex signed two MoUs with Malaysia’s Westports and Northport at Port Klang, establishing a permanent communication channel between the two port groups. The agreements aim to launch new long‑distance maritime routes and expand logistics links, potentially...
By Seatrade Maritime
News•Feb 25, 2026
Spike in Cyberattacks Demand Persistent Tracking at Sea
Cyber attacks on the maritime sector are accelerating, with the cost of a single incident rising to an average of $550,000 between 2022 and 2023. Marinelink’s security operations centre recorded 9 billion security events and more than 10,000 malware detections across...
By Seatrade Maritime
News•Feb 24, 2026
ABB Picks Corvus Energy Battery Systems for New US Ferries
ABB Marine & Ports, acting as the propulsion single‑source vendor for Washington State Ferries, has selected Corvus Energy’s Dolphin NxtGen battery systems for two new hybrid ferries. The 1,500‑passenger vessels, built by Eastern Shipbuilding and slated for delivery in 2030‑31,...
By Seatrade Maritime
News•Feb 24, 2026
Gemini Shines as Container Line Punctuality Plummets in 2026
The Gemini alliance of Hapag‑Lloyd and Maersk has lifted its on‑time delivery rates well above industry averages, though it still falls short of its 90% target for most services. Xeneta data shows global carrier punctuality plunged to 30% in January,...
By Seatrade Maritime
News•Feb 20, 2026
Lithium Battery Fires Put the Heat on P&I Clubs
P&I clubs have recorded a ten‑year peak in marine liability claims, resulting in a $98 million underwriting loss over the past three years. The surge is driven primarily by lithium‑ion battery fires on vessels carrying electric vehicles and other battery‑powered cargo,...
By Seatrade Maritime
News•Feb 20, 2026
Trump’s Maritime Golden Age Could Prove Costly for Shipping
The Trump administration unveiled its Maritime Action Plan, introducing a universal port fee on all foreign‑built vessels that would be calculated on import cargo weight rather than net tonnage. Revenue projections range from $66 billion to $1.5 trillion over ten years, while...
By Seatrade Maritime
News•Feb 19, 2026
IMO NZF Would Send Stable Demand Signal for Zero-Emission Fuels
A new UCL Shipping and Oceans Research Group report evaluates three IMO Net Zero Framework (NZF) scenarios and finds that only the framework "as‑is" delivers a credible, stable demand signal for scalable zero‑emission fuels. The analysis warns that removing the...
By Seatrade Maritime
News•Feb 18, 2026
AD Ports Joins Cameroon’s Douala New Dry Bulk Terminal Concession
UAE‑based AD Ports Group has entered a 30‑year concession with Africa Ports Development to design, build and operate a new dry‑bulk terminal at Cameroon’s Port of Douala. The partnership gives AD Ports an effective 51% economic stake and commits roughly...
By Seatrade Maritime
Deals•Feb 17, 2026
Precious Shipping Acquires 20-Year-Old MR Product Tanker
Precious Shipping, a Thai dry bulk shipowner, announced it is acquiring a 20‑year‑old MR product tanker, marking its entry into the product tanker market and expanding its fleet beyond dry bulk vessels. The move diversifies the company's operations into liquid...
Seatrade Maritime
Deals•Feb 16, 2026
Hapag‑Lloyd to Acquire Zim Integrated Shipping Services for $4 Bn
German carrier Hapag‑Lloyd announced a $4 bn agreement to acquire 100 % of New York‑listed Israeli carrier Zim Integrated Shipping Services, pending shareholder and regulatory approval. The combined fleet will exceed 400 vessels with a capacity of over 3 m TEU, and the deal includes...
Seatrade Maritime
Deals•Feb 16, 2026
APM Terminals and Eurogate Commit $1.2bn to Modernise Bremerhaven Container Terminal
APM Terminals and Eurogate announced a joint investment of $1.2bn to modernise the Bremerhaven container terminal. The project aims to achieve net‑zero emissions and boost capacity by 1 million TEU, underscoring the partners’ focus on sustainable growth in European logistics.
Seatrade Maritime
Deals•Feb 13, 2026
Terminal Investment Limited to Acquire Terminal Portuario De Paracas for $200M
Terminal Investment Limited (TIL), MSC's port investment arm, announced it will acquire the Terminal Portuario de Paracas in Peru for $200 million. The deal expands TIL's South American port portfolio and strengthens its logistics network.
Seatrade Maritime
Deals•Feb 11, 2026
India's Bharat Container Shipping Line (BCSL) Formed via MoU, Backed by $1B Manufacturing Aid and $1.6B Port Funding
A consortium of six Indian entities signed an MoU to launch Bharat Container Shipping Line (BCSL), each taking equity stakes ranging from 5% to 30%. The new carrier will order 15 container ships and aims to operate 51 vessels within...
Seatrade Maritime
Deals•Feb 5, 2026
United Overseas Group Acquires Norvic Shipping Dry Bulk Assets
United Overseas Group, through its subsidiary United Overseas Trading, announced the acquisition of Norvic Shipping’s dry‑bulk fleet, including nine vessels – three already in service and six newbuilds slated for delivery in 2026‑27. The deal expands UOG’s presence across multiple...
Seatrade Maritime