June 23, 2026
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DSV eyes lower freight rates, but port pressures as Red Sea routes resume

February 6, 2026 International Shipping, Foreign Ports, Maritime, Shipping Line, Trending News
COPENHAGE : DSV the world’s largest freight forwarder, said on Wednesday that a resumption of transit through the Red Sea should push freight rates down but could also add pressure on ports. Shipping companies

MacGregor secures major order for large AHC subsea crane on new-generation Floating Wind Farm Construction Vessel

February 6, 2026 Maritime, Ship Building, Trending News
HELSINKI: MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-metre Floating Wind Farm Construction Vessel (FWCV). Purpose-built for the burgeoning floating offshore wind market,

GMB steps up efforts to strengthen maritime footprint

February 5, 2026 Maritime, Defence, Ports, Ship Building, Trade, Trending News
GANDHINAGAR : Union Budget 2026 is set to significantly accelerate the growth of Gujarat’s maritime sector, officials of the Gujarat Maritime Board (GMB) said on Tuesday, citing strong alignment between the Budget’s maritime thrust

V.O.C Port signs agreement with CEL for Anti-Drone System implementation

February 5, 2026 Maritime, Ports, Shipping, Trending News
TUTICORIN : V.O. Chidambaranar Port Authority (VOC Port), Tuticorin, has signed an agreement with Central Electronics Limited (CEL) for the implementation of an advanced Anti-Drone System, marking a significant step towards strengthening port security

China’s shipbuilding sector maintains global leading position in 2025

February 5, 2026 Maritime, Global Trade, International Shipping, Ship Building, Ship Recycling, Ship Repair, Trade, Trending News
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 data released by the Ministry of Industry and Information Technology

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

February 5, 2026 International Shipping, Classification Society, Company, Global Trade, Maritime, Technology, Trending News
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, hosted by Robban Assafina, the maritime media platform in the

Iran tensions: Armed boats harass ship in Strait of Hormuz

February 5, 2026 Maritime, Maritime Security, Ocean Attack, Shipping, Trafficking, Trending News
A ship sailing through the Strait of Hormuz has reported being harassed by several armed boats. The unnamed vessel was travelling 16 nautical miles (30 km) north of Oman when it was hailed on

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

February 5, 2026 International Shipping, Marine, Maritime, Technology, Trending News
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 file. October–December 2025 highlights January–December 2025 highlights Wärtsilä’s outlook Marine

Modi Govt’s Atmanirbhar container drive takes shape with Bharat Container Shipping Line MoU

February 4, 2026 Logistics, Maritime, Ports, Shipping, Trending News
Union Ministers Sarbananda Sonowal, Ashwini Vaishnaw attend MoU signing as national container line plan aligns with CMAS incentive Proposed ₹59,000-crore Fleet and Domestic Container Manufacturing to Anchor India’s EXIM Logistics Strategy IRFC, SMFCL Tie

SCI signs MoU to form Bharat Container Shipping Line, boosting India’s Maritime Self-Reliance

February 4, 2026 Logistics, Maritime, Ports, Shipping, Shipping Line, Trade, Trending News
NEW DELHI : The Shipping Corporation of India Ltd (SCI) on Tuesday signed a Memorandum of Understanding (MoU) with Container Corporation of India Ltd (CONCOR), Jawaharlal Nehru Port Authority (JNPA), Sagarmala Finance Corporation Ltd,
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