Maersk Lowers 2025 Container Market Forecast Amid Uncertainty
Danish shipping giant Maersk has revised its global container market outlook for 2025, citing mounting macroeconomic and geopolitical pressures.
Shipping
Wärtsilä Unveils Carbon Capture Cutting Emissions by 70%
Wärtsilä has unveiled a groundbreaking carbon capture system designed to reduce vessel emissions by up to 70%. The announcement was made on May 7
CO2 Tanker Embla Hits Lock Wall in Kiel Canal
CO2 tanker collides with center wall of a lock in Brunsbüttel on Germany’s Kiel Canal, resulting in minor damage but no injuries or pollution.
Engine Room Fire Erupts on Vollsøy Ferry, No Injuries
A fire broke out in the engine room of the passenger ferry Vollsøy on May 6. The blaze was quickly contained, and no injuries were reported.
Maersk Teams Up With Nokia for Major Fleet Connectivity Boost
Danish shipping giant Maersk has signed an agreement with Nokia to outfit 450 vessels across its fleet with private wireless networks.
Northern European Ports Face Prolonged Shipping Backlogs
Ports and terminals across Northern Europe are currently experiencing what broker Braemar is calling a case of “serious congestion.”
Mediterranean Sea Enters Sulphur Emission Control Zone
As of May 1, the Mediterranean Sea became an Emission Control Area for sulphur oxides (SOx), marking a major environmental milestone for the region
Tanker Collision Sends Barges Adrift on Mississippi River
The tanker Isla De Bioko collided with a group of barges being towed by the Ginny Rose, resulting in one barge sinking and six others breaking loose
CMA CGM Expands Air Cargo with Air Belgium Acquisition
CMA CGM has finalized its purchase of Air Belgium, strengthening its air cargo operations by adding four aircraft to its growing fleet.
OOCL Orders 14 Green-Fuel Megaships in $3B Expansion
Hong Kong-based Orient Overseas Container Line is expanding its fleet with an order for 14 new container ships, a deal valued at over $3 billion.
Cargo Ship Gem Star Towed After Engine Failure Off Portugal
A global firm specializing in marine and aviation claims reports a Panama-flagged cargo vessel experienced engine failure on April 26 off Portugal
US Sanctions Vessels for Allegedly Aiding Houthi Efforts
The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on three vessels for allegedly supporting the Houthis
CMA CGM Registers First Indian-Flagged Ship in Milestone
CMA CGM has marked a milestone with the arrival of its first Indian-flagged boxship, making it the first major foreign shipping company to do so.
RCL Expands Fleet with Four New Containership Orders
Thailand’s Regional Carrier Lines (RCL) is set to expand its fleet by ordering four new container ships from Chinese shipyards.
ITF Aids Abandoned Crew of Cargo Ship Anchored in Turkey
Crew members aboard cargo vessel BURHAM C have received essential supplies from the International Transport Workers' Federation Seafarers' support
CMA CGM's CEVA Logistics to Acquire Turkish Firm Borusan Tedarik
CEVA Logistics, part of the French shipping giant CMA CGM, has announced plans to acquire a Turkish logistics company, for $440 million.
Trump Calls for Free U.S. Access to Panama, Suez Canals
U.S. President Trump has called for American ships, both military and commercial, to be granted free passage through the Panama and Suez Canals
Scrap Fire Erupts Aboard Bulk Carrier in Amsterdam Port
A fire broke out on board a bulk carrier on April 24 around 6am local time while the vessel was docked in the Western Port Area of Amsterdam.
Mitsui OSK Lines to Open Strategic Office in Washington
Reflecting a shifting global landscape, Japan’s Mitsui OSK Lines (MOL), has announced plans to establish a new office in Washington, DC.
Fire Disables Tanker Invictus Off Somalia Coast
An oil products tanker registered under the Marshall Islands flag caught fire on April 22 while sailing some 508 nautical miles east of Mogadishu