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The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge.For the full year 2025…
https://www.marinelink.com/news/zim-navigates-cooling-container-markets-536709
https://www.marinelink.com/news/zim-navigates-cooling-container-markets-536709SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past…
https://www.marinelink.com/news/towage-giant-delivers-record-results-eyes-536710
https://www.marinelink.com/news/towage-giant-delivers-record-results-eyes-536710ABS, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.”Under the agreement…
https://www.marinelink.com/news/nuclear-power-commercial-vessels-central-536712
https://www.marinelink.com/news/nuclear-power-commercial-vessels-central-536712Offshore jackup rig player Borr Drilling has revealed in an operational update that several rigs have been down manned due to recent hostilities in the Arabian Gulf. The Company has four jack-up rigs deployed in the region. One is in Saudi Arabia, one in the UAE, and two in Qatar. In accordance with the customers’ …
https://splash247.com/borr-drilling-pauses-gulf-rig-operations-over-security-concerns/
https://splash247.com/borr-drilling-pauses-gulf-rig-operations-over-security-concerns/Singapore shipyard group Seatrium has been awarded a contract by Turkey’s Karpowership for the conversion of a new FSRU. This latest contract award follows an earlier letter of intent signed between Seatrium and Karpowership in August 2025 and marks the Singapore firm’s eighth FSRU conversion project for Karpowership. The scope also includes the conversion, life …
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-karpowership/
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-karpowership/The opening months of 2026 have featured huge amounts of tanker newbuild contracts signed across Asian shipyards, led by VLCCs, and yet the sector has still just hit an ageing tipping point. Broker Hartland is reporting that there is now more than half off the tanker fleet (51%) that is now older than 15 years …
Latest data from Container Trade Statistics (CTS) for cargo loaded during January shows one of the key trends of last year shows no sign of slowing down – Africa is increasingly a force to be reckoned with on the global liner map. The four container tradelanes tracked by CTS with the highest growth rates are …
https://splash247.com/africa-boasts-the-worlds-four-fastest-growing-container-lanes/
https://splash247.com/africa-boasts-the-worlds-four-fastest-growing-container-lanes/Swedish authorities have seized the 96m cargo ship Caffa and detained one crewmember after a boarding off Trelleborg on Friday amid suspicions the vessel was stateless and carrying stolen Ukrainian grain. The coast guard said armed police boarded from a helicopter and a high‑speed boat (see video below) after tracking the ship for some time …
https://splash247.com/sweden-seizes-russian-shadow-ship-and-detains-crewmember/
https://splash247.com/sweden-seizes-russian-shadow-ship-and-detains-crewmember/CK Hutchison’s Panama Ports Company (PPC) has launched international arbitration seeking at least $2bn in damages after the Panamanian government moved to cancel its concession and seize control of the strategic Balboa and Cristóbal terminals at the two ends of the Panama Canal. In a statement filed March 6, PPC said it has formally submitted …
https://splash247.com/ck-hutchison-files-2bn-panama-arbitration-claim/
https://splash247.com/ck-hutchison-files-2bn-panama-arbitration-claim/The NGO Robin des Bois is concerned about the thousands of seafarers currently stuck in the Middle East and about the approximately 70,000 animals on livestock carriers in the region.The livestock has been exported from South America, the European Union…
https://www.marinelink.com/news/livestock-carriers-delayed-middle-east-536669
https://www.marinelink.com/news/livestock-carriers-delayed-middle-east-536669