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, can run on battery power alone when shore charging is available, delivering zero‑emission operation. This contract is part of a broader $4 billion, 16‑ship replacement program that could become the largest US maritime electrification investment to date. The deal highlights growing momentum for sustainable ferry operations in the United States.
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,...
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,...
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...
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...
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...
Energy Transition Underpins Dry Bulk Sector
Electric‑vehicle sales have surged nearly 700% this decade, driving a rapid rise in spodumene shipments from Australia to China and doubling bulk volumes since 2023. Panamax vessels now carry almost half of the 7 million tonnes of dry bulk moved last...
ZEPA Launches Battery-Electric Container Handling Standards, Load Tool
The Zero Emission Port Alliance (ZEPA) introduced a load‑profile explorer, transition guide, and updated voluntary standards to accelerate battery‑electric container‑handling equipment adoption. The standards aim to reduce design fragmentation and improve interoperability, while total‑cost‑of‑ownership data shows electric gear remains pricier...
Seatrade Maritime Club Roundtable to Address Critical Industry Challenges at CMA Shipping 2026
The Seatrade Maritime Club will host an exclusive, closed‑door roundtable at CMA Shipping 2026, gathering senior maritime executives for candid discussions under the Chatham House Rule. The three sessions will address geopolitical trade disruptions, electronic navigation threats such as GPS spoofing,...
Hapag-Lloyd in ‘Advanced Negotiations’ to Acquire Zim
German carrier Hapag‑Lloyd announced it is in advanced negotiations to acquire Israel‑based Zim Integrated Shipping Services. The talks focus on transferring Zim’s special rights in Israel and are part of a multi‑billion‑dollar merger strategy. A successful deal would significantly expand...
Dodgy Owners Start Sending Sanctioned Tankers to the Subcontinent
Three tankers with opaque ownership structures have arrived at Alang, India’s largest ship‑breaking yard, raising alarms about the growing dark fleet. The vessels are suspected of being linked to sanctioned oil flows, allowing owners to evade international restrictions. Their arrival...
APM Terminals and Eurogate to Invest $1.2bn in Bremerhaven Modernisation
Container terminal partners look to reach net zero emissions and boost capacity by 1m teu.
MSC’s TIL Acquires Terminal in Peru
Terminal Investment Limited is reported to be paying $200 million for Terminal Portuario de Paracas
Indian Container Line Takes Shape with MoU Signing
India’s government-backed Bharat Container Shipping Line (BCSL) was formally created after six public‑sector entities signed a Memorandum of Understanding, allocating stakes ranging from 5% to 30%. The new carrier will order 15 domestically built container ships and aim to operate...
HMM Stays in the Black in Q4
South Korean carrier HMM posted a Q4 2025 net profit of KRW 364 billion, a 59.9% plunge from the prior period, while revenues fell 14.2% to KRW 2.71 trillion. The full‑year results showed a 50.3% profit drop to KRW 1.88 trillion as container freight rates slumped 49%...
Pacific Container Spot Rates Plunge Ahead of Contract Season
Spot rates on Pacific container lanes have slumped ahead of the annual contract season, with eastbound transpacific prices to the U.S. West Coast falling below $1,700 per FEU and some offers as low as $1,400. The slowdown follows a delayed...
Cosco Debuts Beibu Gulf and Middle East Car Carrier Service
Cosco Shipping Car Carriers has launched a monthly ro‑ro liner linking the Beibu Gulf ports of Qinzhou and Nansha with the United Arab Emirates and Saudi Arabia. The service, operated by the vessel Cosco Shengshi, will transport roughly 2,000 commercial vehicles...
Hapag-Lloyd Dodges Red Ink in Q4
Hapag‑Lloyd posted a Q4 2025 EBIT of $200 million, a 75% drop from the same quarter a year earlier, yet still managed a full‑year profit of $1.1 billion despite plunging spot rates. Container volumes rose modestly, adding 200,000 TEU in Q4 and...
Russian Oil Sector Under Siege as EU Ramps up Pressure and India Winds Down Imports
The European Union announced plans to replace its $44.10‑per‑barrel Russian oil price cap with a comprehensive ban on maritime services for Russian crude, pending member‑state approval. The ban would block hull, machinery, and insurance services, pushing Russia toward the uninsured...
Major Dry Bulk Shipping Companies Steering Clear of Red Sea
Torvald Klaveness and Precious Shipping have announced they will not resume transits through the Red Sea, citing crew safety as the primary concern. Both firms are monitoring the volatile security environment, especially the heightened threat from Houthi attacks. The decision...
Container Lines’ Red Sea Mixed Messages Confuse Shippers
Shippers are grappling with mixed signals from carriers about returning to the Suez Canal route. Maersk said peace in the Middle East is required, yet announced two services will resume via the Red Sea with military escort. CMA CGM has shifted...
First Green Shipping Corridor Between France and China
Haropa Port, Zhejiang Provincial Seaport Group, Bureau Veritas, MSC and TiL signed an agreement in Shanghai to launch the first green shipping corridor between France’s Haropa Port and China’s Ningbo Zhoushan Port. The corridor aligns with IMO’s 2050 carbon‑neutral target...
ICTSI and PSA Jv Expands Capacity at Colombian Port
International Container Terminal Services (ICTSI) and PSA International’s joint venture, Sociedad Puerto Industrial de Aguadulce, has received two super post‑Panamax quay cranes and three hybrid rubber‑tired gantry (RTG) cranes for the Aguadulce terminal in Buenaventura, Colombia. The quay cranes can...
CSSC Opens Qatar Representative Office
China State Shipbuilding Corporation (CSSC) inaugurated a representative office in Doha, managed by its subsidiary China Shipbuilding Trading (CSTC). The office, staffed with marketing, technical and service experts from Hudong‑Zhonghua Shipbuilding and CSSC Power/WinGD, is positioned as a hub for...
Everllence Books 2,000th Dual-Fuel Two-Stroke Order
Everllence secured its 2,000th dual‑fuel two‑stroke engine contract, a deal placed by Cosco Shipping Lines for a 12‑ship order of 18,000‑TEU container vessels built at Jiangnan Shipyard in China. The order features the B&W 8G95ME‑GI Mk. 10.5 engine, which incorporates exhaust‑gas recirculation and...
Kongsberg Wins Four-Ship Deal for New Transpetro Tankers
Kongsberg Maritime secured a contract to design and equip four 15,600 dwt handy‑size tankers for Transpetro, Brazil’s Petrobras transport arm. The vessels will be constructed at Consórcio Marenova, a joint venture between Ecovix and MacLaren, and are engineered for future methanol...
UANI Demands Action on Dark Fleet Oil Transfers Off Malaysia
United Against a Nuclear Iran (UANI) is urging the United States and Malaysia to crack down on ship‑to‑ship (STS) transfers of sanctioned Iranian crude off Malaysia’s East Outer Port Limits. UANI identified about 60 dark‑fleet tankers waiting for STS operations,...
United Overseas Group Acquires Norvic Shipping Dry Bulk Assets
United Overseas Group (UOG) announced the acquisition of Norvic Shipping’s dry‑bulk assets, adding nine vessels—including three operational handymax/ultramax ships and six Japanese‑built newbuilds slated for 2026‑27 delivery. The purchase, executed through its subsidiary United Overseas Trading, also brings Norvic’s entities...
Maersk Teeters on Red Ink for 2026 as Overcapacity Bites
Maersk’s container shipping division posted an EBIT loss in Q4 2025, signalling the first quarterly loss in years. The loss stems from a prolonged period of excess vessel capacity that has driven freight rates to multi‑year lows. Overcapacity, combined with higher...
Logistics Challenges See Chinese Production Reactivated
Manufacturers that fled China during the 2018 US trade war are now reversing course, with up to half of re‑shored production expected to return to Chinese factories. Logistics bottlenecks and limited capacity in Southeast Asian ports are prompting exporters of...
Study Highlights Onshore Power Supply Challenge for LNG-Powered Ships
A CE Delft study commissioned by Nabu reveals a compatibility issue between on‑shore power supply (OPS) and LNG‑powered vessels. Ships with membrane or Type B tanks, which have lower pressure tolerance, may struggle to manage boil‑off gas (BOG) when connected to...
China Retains Shipbuilding Crown in 2025
China retained its shipbuilding leadership in 2025, delivering 53.69 million deadweight tonnes—a 11.4% increase year‑on‑year—and capturing 56.1% of global output. New orders fell 4.6% to 107.82 million dwt but still accounted for 69% of worldwide demand, while the order backlog surged 31.5%...
Wärtsilä to Boost Capacity at Sustainable Technology Hub
Wärtsilä will invest roughly €140 million to expand its Sustainable Technology Hub in Vaasa, boosting production capacity by 35% and adding an 11,000 sq m extension. The upgraded facility, slated for completion in Q1 2028, supports the company’s record‑high 2025 operating profit of €833 million...
AD Ports to Explore Development of DRC Multipurpose Terminal
AD Ports Group has signed a Heads of Terms with the Democratic Republic of Congo’s Ministry of Transport to explore developing a multipurpose terminal at Matadi Port, the country’s primary riverine gateway. The agreement outlines a framework for enhancing operational...
ICTSI’s Contecon Manzanillo Surpasses 12m Teu
Terminal hits milestone as throughput growth outpaces lacklustre market on Mexico Pacific coast.
