US companies play virtually no role in global container shipping. A state-owned shipping company, as proposed by the think tank OMI, could change that – but the costs involved would …
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The German F123 frigate “Bayern“ (Bavaria) is to undergo extensive modernisation at the Neue Jadewerft shipyard. The contract for Rheinmetall is stated to be worth hundreds of millions. At the …
Next major order in China: the state-owned shipping company Cosco is expanding its bulk carrier fleet with 15 bulk carriers. The ships will be chartered out to a subsidiary on …
The Dutch shipbuilding group Damen Shipyards is continuing its collaboration with the Bahamas: four vessels belonging to the Royal Bahamas Defence Force (RBDF) are being refitted. The patrol vessel refit …
The US has taken action against Iranian ship insurers accused of operating a “blackmail scheme”. It has also imposed sanctions on eight vessels belonging to the shadow fleet. The two …
Three sectors of Germany’s shipbuilding industry are currently performing particularly well: naval vessels, cruise ships and yachts. One company that can confirm this trend in the yacht sector is Lürssen. …
The French shipping company CMA CGM posted strong results in the second quarter of 2026. The increase of over 30% is primarily attributable to the shipping segment. Recent months have …
Just a few weeks after its last order, the shipping company Sallaum Lines is placing another order: the next car carrier, with a capacity of 8,600 CEU, is being built …
The “Jane Maersk” is designed to carry ammonia and liquefied gas. The vessel was built at the HD Hyundai Samho shipyard as the first of ten new VLACs. Maersk awarded …
Kraken, a company specialising in autonomous maritime defence systems, has appointed Justin Litko as CEO of its US subsidiary. He is set to drive expansion and operations in the American …
The US Coast Guard has seized a drug haul weighing several tonnes off the coast of the Bahamas. Smugglers had marijuana worth almost $3 million on board. Last weekend, the …
The Port of Savannah in the US state of Georgia ended its 2026 financial year on a strong note: in June, cargo throughput rose by over 70,000 TEU. In total, …
Farewell, Your Majesty: The ferry ‘Kronprins Frederik’ was in service for Scandlines for over 40 years. The ship is now to be scrapped in Denmark. The ‘Kronprins Frederik’ set sail …
The tugboat operator Svitzer has commissioned the Damen Shipyards Group to build a new multi-purpose tugboat. Delivery is scheduled for the end of 2026. Following delivery, the vessel will be …
The French foundation Tara Ocean has embarked on an 18-month expedition to the Arctic to conduct research into climate change. The floating laboratory, the “Tara Polar Station”, is powered by …
Hamburg Port Consulting (HPC) has been commissioned by the Colombian port authority SPRBUN to develop a growth strategy for the Buenaventura terminal. The project focuses on optimising the terminal on …
The “Glovis Nova” is the third car carrier in a new series built for Hyundai Glovis. The vessel, which has a capacity of 10,800 vehicles, is setting off on its …
HMM has decided that it will need more ships as South Korea’s flagship carrier adopts the hub-and-spoke model for liner shipping and targets more long-term shipping contracts for the dry …
Following attacks by the Houthi militia on Saudi Arabian oil infrastructure in the Red Sea, the number of vessels passing through has fallen by almost half. The situation in the …
Xanthos Kyriacou has been appointed as the new Chief Executive Officer of Noatum CSM. He is set to drive forward collaboration with shipowners and operators in the Middle East. Noatum …
The shipping company Cosco is expanding its heavy-lift fleet with eight newbuilds, which are being constructed at the CSSC Chengxi shipyard. The vessels are due to be delivered by 2030. …
The engine manufacturer MAN Engines has expanded its in-line six-cylinder platform with a new generation of engines. These are designed specifically for yachts and sport fishing boats. The new 12.4-litre …
The first phase of the Gdańsk Agro Terminal (GAT) has been completed at the Port of Gdańsk. The aim is, on the one hand, to boost the country’s export potential …
The contract between Fincantieri and OCCAR (Organisation for Joint Armament Co-operation) covers the U212 NFS programme. Under the programme, Fincantieri is building four submarines for the Italian Navy. The contract …
The tanker “Asana” was hijacked in the Gulf of Aden. The crew are currently being held by pirates. There are also German crew members on board. After the chemical tanker …
The US classification society, the American Bureau of Shipping (ABS), has granted an ‘Approval in Principle’ for a 15,000 TEU nuclear-powered ship design from South Korea. The concept was developed …
The Danish logistics group DSV, which also owns DB Schenker, grew in the first half of the year. The integration of Schenker is “progressing well”, the company announced. According to …
Canadian tonnage provider Seaspan Corporation has become the first North American shipping business to issue panda bonds, launching CNY 1.5 billion (US$221 million) of three-year bonds through Bank of China. …
The US has imposed sanctions on several companies belonging to the container shipping line Sealead Shipping, as well as on three container ships operated by the company. According to the …
The shipbuilding company Vard, owned by Fincantieri, has secured a new contract from the UK: the Norwegians are to build two maintenance vessels for buoys and lighthouses. With these new …
The Port of Gdańsk set a new handling record of 41.7 million tonnes in the first half of 2026. Container and general cargo volumes saw particularly strong growth, with the …
Three months after Mark O’Neil’s sudden departure as CEO of the Columbia Group, his successor has gone public with his “priorities for the next phase of growth”. Andreas Hadjipetrou, the …
Breakbulk carrier Saga Welco will now be operated as a wholly-owned subsidiary of the Japanese NYK Group – the takeover has been finalised. NYK has confirmed that the acquisition of …
It is not only in the Far East that ships with modern propulsion systems are being built: the “Kaşif Kalkavan” is Turkey’s first LNG container ship. The new vessel has …
The Hamburg-based shipping group John T. Essberger is expanding its order book for newbuilds in the chemical tanker segment. At the China Merchants Industry Yangzhou Dingheng shipyard, the option for …
The counter-move came promptly: after the Yemeni Houthi militia, allied with Iran, threatened shipping companies intending to call at Saudi Arabian ports in the Red Sea, US President Donald Trump …
Iran is continuing its attacks in the Strait of Hormuz: several ships have been targeted by drones and missiles. The crews were evacuated. Whilst the US has now carried out …
The European Commission is planning to earmark revenue generated by the EU Emissions Trading Scheme (EU ETS). The shipping industry believes there is still room for improvement in the draft …
Besides geopolitical factors and shifts in trade flows, a strike lasting several days also had a direct impact on cargo handling at the Antwerp-Zeebrugge twin port in the first half …
The British luxury cruise line Cunard is giving one of its ‘queens’ a ‘comprehensive refurbishment’: she is heading to dry dock in Europe. The Dutch shipyard Damen Shiprepair in Rotterdam …
US-Korean cooperation aimed at strengthening the US shipbuilding industry has gained another partnership: the shipbuilding group HD Hyundai is joining forces with Kiewit Offshore Service as part of a strategic …
The “Halwan” has been christened as the next LNG tanker to be operated by Qatar Energy. The completed series is expected to comprise a total of twelve vessels. The newbuilds …
A new container terminal with three berths is being built in the Port of Vancouver. The project is being carried out by a consortium led by the Dutch hydraulic engineering …
Sultan Ahmed bin Sulayem, former Chairman and CEO of DP World, will be working in Malaysia from now on. He is taking on the role of Group CEO at MMC …
Fassmer will in future be building the hulls for four German Navy training vessels in Stralsund. Construction is set to begin in autumn 2026. Through this project, the company is …
The Port of Hamburg hosted a special visitor this week: the “CMA CGM Notre Dame” – currently the largest container ship flying a European flag. Equipped with an LNG propulsion …
The French shipping company CMA CGM is expanding its transport network between Northern Europe and West Africa. The “Kora Express” liner service is intended to speed up the supply chain …
For almost half a year now, it has not been possible to sail safely through the Strait of Hormuz. The German Shipowners’ Association (Verband Deutscher Reeder, VDR) warned that maritime …
More than 100 ships in the Sea of Azov have already been struck by Ukrainian drones. Whilst the USF military unit is celebrating its successes, the operation has also faced …
Both the charter and S&P markets are responding: sentiment in the MPP shipping sector is improving. “In line with the favourable weather conditions in Europe, sentiment in the MPP sector …
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