US Container Imports Hit Record High in January
US container imports surged to a new record in January, with shipments from China rising for a second consecutive month, according to Descartes.
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U.S. Expands Sanctions Targeting Iranian Oil Shipments
Trump acts on pledge to increase pressure on Iran by imposing sanctions on those accused of facilitating the transport of Iranian oil to China.
Regent Seven Seas Cruises Unveils Valentine’s Day Promotion
Regent Seven Seas Cruises announces Valentine’s Day offer “From Regent with Love,” which will be available from February 3 to February 21, 2025.
Olympic Orders Two Energy-Efficient Offshore Vessels
Norwegian offshore operator Olympic expands fleet with offshore construction vessels, set to be built at China Merchants Heavy Industry shipyard
UK Delays Decision on Rampion 2 Offshore Wind Project
The United Kingdom government has postponed its decision on the proposed 1.2GW Rampion 2 offshore wind farm extension in the south of the country
Carnival Corporation Recognized Among World’s Top Companies
Carnival Corporation has been named to Fortune’s 2025 World’s Most Admired Companies list, marking a significant achievement for the cruise giant
Maersk Reports Strong 2024, Red Sea Uncertainty Looms
In 2024, Maersk, Denmark’s largest shipping company, marked its third-best financial year in its entire 121-year history.
Hapag-Lloyd Secures Green Financing for 24 New Vessels
Germany’s Hapag-Lloyd has finalized funding arrangements for its 24-vessel newbuilding program, which was approved last year.
CMA CGM Acquires Four Ice-Class Container Ships for $120M
CMA CGM has finalized the acquisition of four ice-class wide beam container ships, originally built between 2016 and 2017, from Delphis.
Norwegian Cruise Line Orders Four Ships from Fincantieri
Norwegian has finalized a contract with shipbuilder Fincantieri to construct four cutting-edge cruise ships valued at approximately $9.34 billion
Ocean Network Express and LX Pantos Form Joint Venture
Japanese shipping company Ocean Network Express (ONE) has partnered with Korean logistics firm LX Pantos to launch Boxlinks in the United States.
Ocean Freight Rates Expected to Drop Further in February
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown.
LNG Carrier Rates Plummet to Record Lows in the Atlantic
The difficult start to the year for LNG carriers reaches new lows, with some ship types now experiencing negative earnings in the Atlantic basin.
Greek Shipping Firm Eurobulk Fined for Pollution Violations
Greek company Eurobulk Ltd. has admitted to violating the Act to Prevent Pollution from Ships and falsifying records to cover up the infractions.
Royal Caribbean Boosts Bookings with AI & Digital Upgrades
Royal Caribbean has enhanced its digital and artificial intelligence capabilities, driving increased bookings, according to CEO Jason Liberty.