05

Feb

Damen announces successful sea trials for seventh BC Ferries’ Island Class

Damen Shipyards Group has successfully finished sea trials for the newest Island Class ferry for BC Ferries. This is the seventh vessel in a series of ten, whi...

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05

Feb

Maersk Cuts Jobs, Sees Drop in Earnings as Red Sea Reopens

February 5, 2026 (Bloomberg) – A.P. Moller-Maersk A/S is planning to cut jobs and focus on cost control this year as the shipping giant aims to protect its pro...

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04

Feb

American Great Lakes Ports Launch Study to Expand Cargo Shipments Between Great Lakes and Inland Waterways

New port collaboration aims to explore economic benefits and transportation improvements between the nation's two busiest inland shipping routes. The American...

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04

Feb

Reports: Iran Harasses US-Flagged Tanker Critical to U.S. Military Fuel Supply in Strait of Hormuz

On Monday, an Iranian military encounter occurred involving a merchant tanker passing through the Strait of Hormuz. This tanker is identified as the Stena Impe...

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04

Feb

Malaysia Quietly Frees Tankers in Suspected Illegal STS Case, Exposing Limits of Shadow Fleet Enforcement

The Malaysian government's recent seizure of two oil tankers suspected of illegal ship-to-ship transfers near Penang was initially seen as a strong move in mar...

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04

Feb

First Trump-Era Deepwater Oil Export License Granted to Texas GulfLink

The U.S. Department of Transportation has given the green light to Texas GulfLink, LLC for building and running a deepwater crude oil export terminal off the T...

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04

Feb

Ocean Network Express Falls to Quarterly Loss as Overcapacity Bites

Ocean Network Express (ONE) reported a net loss of $88 million in the third quarter of its fiscal year 2025, with revenues reaching $4.07 billion. This dow...

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04

Feb

Celebrity Cruise Demand Drives Major Ship Order

Royal Caribbean Group has placed an order for two new Discovery-class ships with the French shipbuilder Chantiers de l’Atlantique, and they also have options t...

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04

Feb

Shipping Firms Face Tough 2026 as Reopening of Red Sea Looms

February 4, 2026 (Bloomberg) – Global shipping companies are preparing for lower profits in 2026 as the possible reopening of the Red Sea shipping route threat...

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