Maersk and ONE Report Losses as Container Market Weakens
Pressure on the container shipping sector deepens after Maersk joined ONE in reporting losses in its ocean business for the final quarter of 2025.
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Car Carrier Ordering Slows as Overcapacity Risks Rise
Previously booming newbuild market for car carriers is losing momentum, with concerns about excess capacity growing across the PCTC sector.
Estonia Detains Baltic Spirit Over Suspected Smuggling
Bahamas-flagged reefer ship Baltic Spirit is detained by Estonian authorities amid suspicions of smuggling activity connected to Ecuador cargo.
Maersk and Hapag-Lloyd to Restart Red Sea Routing
Maersk and Hapag-Lloyd are to return to Red Sea transits on one of their joint Gemini Cooperation services, taking a step back into the region.
Two Crew Still Missing After Bulk Carrier Sinks Near Hainan
Two sailors remain unaccounted for after a bulk carrier sank in the Gulf of Tonkin during severe weather off the coast of China’s Hainan Island.
India Launches $1.2bn Plan to Boost Container Production
Finance Minister Nirmala Sitharaman announces initiative that includes ₹10,000 crore program to build domestic container manufacturing industry.
Stonepeak and CMA CGM Form $10bn Global Terminal Venture
US infrastructure investment firm Stonepeak enters into major joint venture agreement with CMA CGM in terminal deal valued at nearly $10 billion.
FMC Fines MSC $22.67m for Shipping Act Violations
The Federal Maritime Commission, the US shipping regulator, issues $22.67 million fine to MSC for three violations of the country’s Shipping Act.
Galveston LNG Partners With TOTE on Jones Act Bunker Fleet
Texas's Galveston LNG Bunker Port enters into partnership with TOTE Services to develop, operate fleet of Jones Act-compliant LNG bunkering vessels
ICS Releases New Flag State Table Highlighting Weak Registers
The ICS issues its latest annual flag state performance table, offering the industry a clearer picture of which registries may pose higher risks.
Evergreen Orders 23 New Container Ships Worth $1.47bn
Taiwanese liner operator Evergreen is continuing its fleet expansion strategy with new orders for 23 container ships valued up to $1.47 billion.
Spanish Police Dismantle Major Maritime Cocaine Network
Spanish police have dismantled a large-scale maritime drug smuggling operation following a year-long investigation, leading to more than 100 arrests.
Eikborg Loses Rudder After Grounding Near Portuguese Port
Dutch-flagged general cargo ship Eikborg suffers loss of rudder control following a brief grounding while departing the port of Figueira da Foz.
COSCO Shipping Carnation Bunkered With Green Methanol
The COSCO Shipping Carnation was supplied with 200 tonnes of green methanol on January 21 using China’s first dual-fuel methanol bunkering vessel
Western Bulk Launches Lumber and Projects Team in Bergen
Norwegian dry bulk operator Western Bulk has announced the establishment of a new lumber and projects team based in the city of Bergen.