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Maersk flags 2026 earnings hit as Suez return, overcapacity hit freight rates

COPENHAGEN : Danish shipping giant Maersk, opens new tab said on Thursday falling freight rates, driven by container-vessel overcapacity and the gradual resumption of...

DSV eyes lower freight rates, but port pressures as Red Sea routes resume

COPENHAGE : DSV the world's largest freight forwarder, said on Wednesday that a resumption of transit through the Red Sea should push freight rates...

China’s shipbuilding sector maintains global leading position in 2025

China's shipbuilding industry maintained the world's largest market share in terms of three major indicators for the 16th consecutive year in 2025, according to...

ClassNK Fleet Cost Simulation’ receives ‘Best Project Innovation Award’ at Saudi Maritime Awards

TOKYO: The service ‘ClassNK Fleet Cost Simulation’*1 provided by ClassNK has been honored with the Best Project Innovation Award at the Saudi Maritime Awards,...

Wärtsilä: All-Time High Operating Result and Cash Flow in 2025

HELSINKI: This release is a summary of Wärtsilä’s Financial Statements Bulletin January–December 2025. The complete report is attached to this release as a pdf...

Hapag-Lloyd and Maersk to transit Red Sea with one Gemini service

HAMBURG: A.P. Moller - Maersk (Maersk) and Hapag-Lloyd have decided to change the routing of one of their shared services under the Gemini Cooperation, transitioning it...

Klaipėda Port takes a major step toward its largest-ever expansion

KLAIPEDA: The Klaipėda State Seaport Authority has taken a major step forward in the development of the port’s southern area by launching the procurement...

GCMD and CIMAC form Coalition partnership to advance ecosystem readiness for alternative fuels

SINGAPORE: The Global Centre for Maritime Decarbonisation (GCMD) and CIMAC have signed a two-year Coalition partnership agreement to strengthen the maritime sector’s preparedness for...

Strategic Marine strengthens Taiwan Offshore Wind Presence with first Stratcat 27 delivery to a Taiwanese Company

SINGAPORE: Strategic Marine, a global leader in aluminium vessel construction, has successfully delivered a 27-metre Crew Transfer Vessel (CTV) to a Taiwanese company in...

Inmarsat Maritime to deliver NexusWave connectivity across Auerbach fleet of newbuild heavy lift vessels

LONDON: Inmarsat Maritime, part of Viasat (NASDAQ: VSAT) Communication Services, will install NexusWave across Auerbach’s fleet of newbuild heavy lift vessels to meet the...
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