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% to the U.S. West Coast, 42% to the U.S. East Coast and 49% to Europe. HMM warned that a wave of new‑build deliveries will exacerbate oversupply, prompting it to expand its hub‑and‑spoke network and lean on alliance initiatives.
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.