A.P. Moller Holding Finalizes Majority Acquisition of Svitzer
Svitzer is now 93.4% owned by A.P. Moller Holding.
Svitzer to remain independent under current leadership.
A.P. Moller Holding plans compulsory acquisition of...
US-China Tariff Deal Sparks Liner Market Optimism
Temporary tariff cuts boost transpacific shipping demand.
Shippers rush imports ahead of tariff rollback deadline.
Suspended liner services are expected to resume soon.
The...
CPC Crude Exports Shift Toward Suezmax Dominance
Kazakhstan Output Boost Drives Larger Tanker Use.
Asian Demand Reshapes CPC Shipping Strategy.
Suezmax Utilisation Hits 4-Year High at CPC Terminal.
During the first...
China Becomes Top Buyer of Canadian Oil via TMX
Canadian Oil Exports to China Surge After TMX Expansion.
U.S. Trade War Drives Shift in Crude Flow Patterns.
TMX Opens Pacific Route for...
CMA CGM to Restructure Fleet to Bypass U.S. Fees
Less Than Half of CMA CGM Ships Built in China.
Chinese-Built Vessels Face Highest U.S. Port Charges.
Trump Praised CMA CGM’s $20 Billion...
Dry Bulk Market Weekly Report Capesize Strengthens, Panamax And Supramax Struggle
The dry bulk shipping market displayed a mixed performance this week, with Capesize rates recovering strongly, while Panamax and Supramax/Ultramax segments remained under pressure...
Black Sea MoU Report Highlights Rising Safety Concerns Amid Conflict
The Black Sea Memorandum of Understanding (BS MoU) on Port State Control (PSC) has released its 2024 annual report, reflecting the significant impact of...
DEME Acquires 50% Stake In Bauer Offshore Technologies To Strengthen Offshore
In a strategic move to enhance its offshore energy portfolio, DEME Offshore Holding NV, a subsidiary of DEME Group NV, has acquired a 50%...
Shanghai Builds World-Class Automated Terminal At Xiaoyangshan Island
In a strategic move to address shoreline scarcity and boost operational efficiency, Shanghai is transforming the north area of Xiaoyangshan Island into its largest...
Germany to Begin Domestic Ship Recycling with First Authorized Facility
EWD Benli Recycling GmbH became the first German company authorized to recycle seagoing vessels domestically.
This milestone marks a new chapter for the...
Week 20 Bunker & Energy Update: MABUX Gains, Gas Storage Up,...
Bunker indices surged in Week 20, with 380 HSFO up $20.50, VLSFO up $21.40, and MGO LS up $22.25 per MT.
European gas storage reached 43.1%...
Watch: Huge Ice Chunks Break Off Perito Moreno Glacier
Massive ice chunks, some as tall as 70 m, have begun breaking off Perito Moreno Glacier with uncommon frequency after decades of relative stability.
...
China–US Vessel Traffic Drops Amid Tariff Tensions
Commercial vessel traffic from China to the US fell 27% in April 2025 due to rising reciprocal tariffs.
China significantly reduced LNG and...
Hanwha Ocean Forms MRO Cluster to Meet Growing U.S. Naval Demand
Hanwha Ocean forms MRO Cluster Council with 15 South Korean firms to support US Navy maintenance needs.
Council aims to boost MRO capacity,...
Folk Maritime Adds Three Saudi-Flagged Vessels to Fleet
Folk Maritime Strengthens Fleet with Three New Container Ships.
Saudi-Flagged Vessel Additions Boost Folk Maritime’s Regional Presence.
Folk Maritime Advances Vision 2030 with...
Hyundai, Hanwha CEOs Meet USTR on Shipbuilding Ties
South Korean Shipbuilders Explore U.S. Cooperation with Trade Representative.
First USTR Talks with Korean Shipbuilders Focus on Tech, Cranes, and Shipyards.
HD Hyundai,...
HMM Announces Significant Revenue and Profit Growth in Q1 2025
South Korean container shipping company HMM has announced strong or positive results for the first quarter of 2025, reports Container News.
Strong Performance
Hyundai Merchant Marine...
Port of Felixstowe Issues Alert Over Suspected Soot Deposit in Water
On May 14th, 2025, the Port of Felixstowe issued an alert concerning a suspected deposit of soot that had been observed in the water...
Brazil Extends Dominance as China’s Top Soybean Supplier Amid Tariff Dynamics
Brazil's position as China's leading soybean supplier continues to strengthen in 2025. This dominance is primarily driven by Brazil's record-breaking soybean harvests, its competitive...
Despite Recent Dip, Drewry’s IACI Remains 11% Higher Year-on-Year
Drewry’s Intra-Asia Container Index (IACI), which represents a weighted average of spot container freight rates across the region, experienced a 7% decrease in the...
