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Wärtsilä Reports Strong H1 2025 Performance with Key Financial Highlights

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Strong quarterly performance with 20% organic growth in order intake and 13% organic growth in net sales Comparable operating result up 18% and...

Korea Eyes Arctic Route for Strategic Shipping Shift

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South Korea is positioning the Arctic route as a long-term logistics strategy to elevate Busan as a central hub linking Asia and Europe. ...

Yang Ming Rolls Out LNG Dual‑Fuel Orders in Partnership with Hanwha Ocean

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The IMO Council finalized the revised Strategic Plan for 2024–2029, agreed on the 2026–2027 budget outline, and endorsed key governance and procedural reforms. ...

Expansion of Global Shipbuilding Capacity Targeting North Africa, India, and the U.S.

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A leading shipbuilder is exploring operations at a major North African shipyard to meet growing global maritime demand. Strategic partnerships in India and...

Lessons Learned: Hand Injuries from Sharp Objects During Routine Deck Operations

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This summary is based on two separate incidents reported by a member to the International Marine Contractors Association (IMCA), highlighting hand injuries sustained while...

Wärtsilä to Sell Marine Electrical Systems Business to VINCI Energies

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Wärtsilä is divesting its Marine Electrical Systems unit to VINCI Energies as part of a strategic portfolio realignment. The business has annual revenues...

China–U.S Container Freight Rates Decline as Market Reverts to Pre-Tariff Levels

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Freight rates from China to the U.S. have returned to pre-tariff levels. Overcapacity, weak demand, and blank sailings are key contributors to the...

PowerAlign by Cavotec Delivers Flexible Shore Power for Terminals

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Cavotec has launched PowerAlign, a modular and mobile shore power solution for container terminals. The system occupies less than 3.5 m² and keeps the...

Iraq Ramps Up Oil Shipments, Signaling Stronger Production Push

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Iraq plans to significantly raise exports of destination-free Basrah Medium crude in August, adding up to 4 million extra barrels. The increase aligns...

Unpaid Taxes and Houthi Threats Drive Port of Eilat to Bankruptcy, Forcing Imminent Closure

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Israel's only southern seaport, the Port of Eilat, is set to cease all commercial operations from July 20, 2025. This critical decision stems from...
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