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U.S. Container Imports Expected to Fall in First Half of 2026

U.S. Container Imports Expected to Fall in First Half of 2026

  While there appear to be signs of a normalization in the U.S. container import flows and less impact from frontloading, the expectations are that volumes will continue to fall at least through th...

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

PaxOcean Opens New Singapore Shipyard to Handle Larger Projects

PaxOcean marked the opening of its new Singapore shipyard, which is larger and incorporates the latest technologies to strengthen Singapore’s newbuilding, fabrication, conversion, and repair capabil...

Freight Ferry Catches Fire, Goes to Anchor off Isle of Wight

Freight Ferry Catches Fire, Goes to Anchor off Isle of Wight

  On Monday evening, a fire broke out aboard a DFDS ferry off the coast of the Isle of Wight, the large island opposite Portsmouth at the entrance to the Solent.  The 400-foot freight ferry Caes...

Fuel Barge Goes Hard Aground at San Juan Harbor Entrance

Fuel Barge Goes Hard Aground at San Juan Harbor Entrance

  A fuel barge has gone aground on the rocks outside of San Juan's harbor, according to the U.S. Coast Guard.  On Monday afternoon, Coast Guard Sector Southeast reported that a fuel barge had gr...

Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

Samsung Heavy Industries Cancels Tanker Linked to Sanctioned Manager

According to a stock exchange filing, Korea’s Samsung Heavy Industries canceled the delivery of the first of two crude oil tankers just as the vessel was due to be delivered. It cites the “shipowner...

Smuggling Chief Who Was Implicated in Beirut Blast Steps Down

Smuggling Chief Who Was Implicated in Beirut Blast Steps Down

  A key figure in Hezbollah’s smuggling operations in Lebanon, and a godfather figure in particular in the Beirut docks, Wafiq Safa resigned his formal position on February 6 as head of Hezbollah’s...

Tighter Shadow Fleet Sanctions Set to Boost Legitimate Tanker Owners

Tighter Shadow Fleet Sanctions Set to Boost Legitimate Tanker Owners

  Reports that Mercuria is ordering up to four new 307,000-dwt VLCC tankers from Dalian Shipbuilding Industry Co in China, in a contract apparently worth up to $500 million, are a significant indic...

Maersk Goes Big Capacity with Innovative Next Boxship Order

Maersk Goes Big Capacity with Innovative Next Boxship Order

  Maersk confirmed its next shipbuilding order, reporting it will build a series of large vessels that will maintain efficiency while increasing flexibility. It said the latest order is part of its...

NUS Project to Advance Near-Zero-Emissions Ammonia Marine Engines

NUS Project to Advance Near-Zero-Emissions Ammonia Marine Engines

[By National University of Singapore (NUS)]   Industry–academia collaboration to be based at the National University of Singapore’s College of Design and Engineering targets decarbonisation of the...

French Navy Seizes Large Cocaine Shipment from Fishing Vessel

French Navy Seizes Large Cocaine Shipment from Fishing Vessel

  The French Navy is reporting the seizure of a large shipment of cocaine in the Atlantic Ocean region. It was unusual because the smugglers were using a fishing vessel. According to the report,...