Page 7 · articles 301–350
Maersk has warned that a rapidly escalating fuel cost shock is becoming a dominant force in container shipping, as disruption in bunker markets drives up costs and reshapes operations. Speaking on its first-quarter earnings call, chief executive Vincent Clerc described the situation as “unprecedented, both in terms of
Latest NewsGrowth in energy-linked project cargo exacerbates US rail car shortageMaersk passing $500 million monthly fuel bill to customers ‘in full’: CEOVPA veteran McCoy tapped as CEO of Port of VirginiaTacoma ILWU local attempting to block Husky technology effortUS onshore wind halt deals latest blow for project car
Excelerate Energy, a U.S.-based liquefied natural gas (LNG) and power infrastructure company headquartered in Texas, has secured a new assignment for its newbuild floating storage regasification unit (FSRU) at an LNG terminal in Jordan. The post Excelerate Energy’s FSRU finds…
USCG suspends search for crew missing off Saipan
Over 300 Cal Poly Maritime Academy cadets will soon embark on their annual Summer Sea Term, a 65-day Pacific training voyage aboard the Training Ship Golden Bear, marking both a defining part of a cadet’s education and the final era of a vessel…
Company orders three LPG dual-fuel very large gas carriers
Ocean Power Technologies (OPT) has demonstrated autonomous docking, charging and redeployment capabilities for its WAM-V autonomous surface vehicle as part of efforts to support longer-duration offshore operations.The company said the system enables the maritime drone to…
First-quarter profits declined from a year ago, Maersk said, as increased container volumes failed to overcome pressured ocean rates. The world’s second-largest box carrier (OTC: AMKBY ) said that logistics and terminal revenue partially offset weaker liner results.
Coal shipments to Japan, South Korea and the European Union rose 27% year-on-year in April as tight gas supplies and disruption to LNG shipments prompted buyers to seek alternative fuel sources for electricity generation, shipping association…
Most teams are making critical decisions with incomplete information. Not because they lack data, but because they can’t use it fast enough.
South Korea’s Hanwha Ocean and Canadian marine bearing manufacturer Thordon Bearings have signed a memorandum of understanding (MoU) to explore cooperation on Canada’s submarine procurement program and other naval projects.The agreement focuses on the Canadian Patrol Submarine…
German marine propulsion manufacturer SCHOTTEL has been selected to supply rudder propellers for two liquefied natural gas (LNG) bunkering vessels being built for Shanghai International Port Group in China.The vessels, each with a loading capacity of 20…
Italy’s energy giant Eni has revealed the results of a drill stem test (DST) that was carried out for its recent natural gas discovery off the coast of Indonesia, which confirmed reservoir productivity, strengthening the case for a third Kutei Basin hub in the Southeast Asian country. The post Giant Southeast Asian ga
Intending to drive maritime and offshore energy innovation, the American Bureau of Shipping (ABS), a classification society, has forged a partnership with Seatrium Technology and Innovation, a technology subsidiary of Singapore’s offshore, marine, and energy engineering solutions specialist Seatrium. The post Seatrium
New York-listed dry bulk owner Genco Shipping & Trading has stepped up its defence against rival Diana Shipping, urging shareholders to back its existing board as the takeover battle between the two US-listed companies intensifies ahead of next month’s annual meeting. Genco…
Well, it’s quite the conundrum Zim’s shareholders now find themselves in, after the Israeli shipping line yesterday received a $4. 5bn unsolicited takeover bid from an investment fund headed by local businessman Haim Sakal.
President Trump’s strained relationship with local and state politicians may have been a factor in the Federal Aviation Authority’s (FAA) recent decision to reduce the number of flights into one of the country’s busiest gateways. The aviation authority announced last month that Chicago O’Hare is to lose some 10% of it
Today, Thursday, May 7 2026, the Baltic Dry Index climbed 43 points, reaching 3034 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore.
India accelerates push for self-reliance amid Strait of Hormuz concerns
Strong volume growth in ocean, alongside sharply lower rates, points to a trade-off by Maersk that appeared to prioritise utilisation and network efficiency over margins. Maersk’s first-quarter performance saw ocean volumes up 9.
Shipping group Maersk MAERSKb. CO beat first-quarter profit forecasts on Thursday but warned the Iran war had pushed its fuel costs up by nearly $500 million a month and that the energy crisis would persist even if a peace deal was reached.
Solstad Offshore has signed a letter of intent with an international subsea contractor for the charter of construction support vessel (CSV) Normand Maximus.The contract is expected to begin in the first quarter of 2027 and run through the first quarter of 2029…
‘To do nothing is the hardest job of all. ’ (Remember that) The good news first.
Watch: Seafarers trapped in crisis as conditions in the Hormuz deteriorate
Getting to Zero Coalition: Modest but meaningful improvement towards net-zero
“Good afternoon, Gavin,” GXO’s comms chief said as we began a post-earnings call interview with chief executive Patrick Kelleher (pictured below). “It’s been a slow week in supply chain news.
NKT’s medium‑voltage cable accessories site in Nordenham, Germany, has become its first zero-carbon factory […] The post NKT’s German cable accessories site becomes its first zero-carbon factory appeared first on Offshore Energy .
Growing industry attention around the hub-and-spoke logistics model, instrumental in shaping the Gemini Cooperation between Maersk and Hapag-Lloyd, seems to be encouraging other main container lines to invest in multimodal logistics hub projects in India. Multimodal cluster development, enabling shippers and freight s
RXO had the type of rough quarter that might be expected given rising spot freight rates against lower contract numbers, but it foresees a significantly better second quarter. In its earnings released Thursday morning prior to an 8 a.
SSI: The priority is to move from crew welfare analysis to application
Disruption to global airline networks linked to the conflict in the Middle East is driving up crew change costs and creating mounting operational headaches for shipowners and managers, according to marine travel specialist ATPI. The company said ongoing airspace instability,…
IMO MSC 111: What’s on the agenda?
Watch: Seafarers trapped in crisis as conditions in the Hormuz deteriorate
China’s Sinopec Clean Energy has ordered a dedicated LNG bunkering vessel at a domestic yard, joining other owners in the segment that has seen rapid growth in newbuilding activity over the past year. The Beijing-based company confirmed that Nantong CIMC Sinopacific…
The Virginia Port Authority (VPA) Board of Commissioners has selected Sarah J. McCoy as the next chief executive officer of The Port of Virginia.
US-listed regasification player Excelerate Energy has secured interim employment for its newest floating storage and regasification unit after delays to Iraq’s planned LNG import project pushed back the vessel’s long-term deployment. The New York-listed company said it has…
Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks in the region. This tracker page will be updated fortnightly (every other Tuesday).
A.P. Moller – Maersk A/S (OMX: MAERSK-B) delivered solid first quarter results with EBIT of USD 340m, driven by strong volume growth across all businesses, continuous operational improvements, and cost containment measures. Executive Summary Ocean outperformed the market growing…
Delegates at the 84th session of IMO’s Marine Environment Protection Committee (MEPC 84) agreed to preserve the Net Zero Framework (NZF) as the central basis for continued negotiations, following intense last-minute debates over the scope and direction of the upcoming intersessional work. In the final hours of n
On 30 April 2026, Baltic Exchange Information Services Limited (“the Baltic”) received a claim from Mercuria Energy Trading S. A.
Bunker demand across India’s west and east coasts slowed in April compared with March amid tight credit and ongoing market uncertainty due to the Middle East war, while supply was moderate throughout April, traders, suppliers, and other market participants told Platts, part of S&P Global Energy, on May 4. Tr
The Sea Cargo Charter (SCC) brought signatories together in Geneva last week for its sixth annual meeting, hosted by Bunge. The meeting marked a forward-looking step, as signatories explored how to build on SCC’s strong foundation and further strengthen its role in advancing climate transparency across the industry.
ZIM Integrated Shipping Services Ltd. (the “Company”) updates that its Board of Directors re-confirmed that following the approval of ZIM’s shareholders at the April 30, 2026 shareholders’ meeting, the merger agreement with Hapag-Lloyd is binding on the parties.
Operating and passing through power-operated watertight doors remains one of the most underestimated – and potentially deadly – risks on board ships. A recent fatal accident highlights the need for continued vigilance and awareness.
On the 29th of last month, in an office of Daerim S&P, a shipbuilding equipment company in Changwon, South Gyeongsang Province. Shelves filled with thousands of paper blueprints occupied one side of the wall.
Oil product inventories at Fujairah in the UAE fell 6. 9% in the week ended May 4 to 6.
On May 7, 2026, the iron ore market showed a volatile but strengthening trend with intense trading activity. The main contract I2609 finally closed at 817 yuan/ton, up 0.
More than half of cranes installed at South Korean ports are Chinese-made, highlighting deepening reliance that could weaken the country’s broader industrial ecosystem, data showed. According to figures submitted by the Ministry of Oceans and Fisheries to Rep.
The decline in Russia’s oil exports is being linked to strikes on key logistics hubs along the Baltic route, stated the Commissioner of the President of Ukraine for Sanctions Policy, Vladyslav Vlasiuk, in a comment to journalists. According to him, the most notable drop is being recorded in this region.
Volatility in commodities is likely stay elevated in the near term. The price of Brent crude hit a four-year high of USD 126/bbl last week, and is now trading around USD 108/bbl at the time of writing.