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The dark clouds swirling around the container shipping industry intensified today with Maersk following Japan’s Ocean Network Express, in announcing its ocean division had slipped into the red for the final quarter of 2025. The Danish shipping giant also revealed today it will lay off 1,000 staff this year as cost discipline rises up the …
https://splash247.com/maersk-posts-ocean-loss-1000-job-cuts-as-container-boom-unwinds/
https://splash247.com/maersk-posts-ocean-loss-1000-job-cuts-as-container-boom-unwinds/Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first newbuilding contract in China after years of relying on …
https://splash247.com/pistiolis-in-for-10-mr-tanker-newbuilds-in-china/
https://splash247.com/pistiolis-in-for-10-mr-tanker-newbuilds-in-china/The service "ClassNK Fleet Cost Simulation" 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 Middle East and North Africa (MENA) region.
https://www.marinelink.com/news/classnk-fleet-cost-simulation-receives-535263
https://www.marinelink.com/news/classnk-fleet-cost-simulation-receives-535263Oil prices steadied on Wednesday after rising earlier in the session after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation in tensions ahead of planned talks.But a broader selloff of software equities…
https://www.marinelink.com/news/oil-prices-rise-usiran-tensions-535264
https://www.marinelink.com/news/oil-prices-rise-usiran-tensions-535264Fifteen migrants died after their boat collided with a Greek coast guard vessel, capsized and sank off the island of Chios in the Aegean Sea late on Tuesday, the coast guard said, in one of the deadliest migrant shipwrecks in Greece in years.The…
https://www.marinelink.com/news/fifteen-migrants-dead-boat-collides-greek-535267
https://www.marinelink.com/news/fifteen-migrants-dead-boat-collides-greek-535267Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court annulled its licences to operate two Panama Canal ports, in a case that could…
https://www.marinelink.com/news/ck-hutchison-launches-arbitration-panama-535268
https://www.marinelink.com/news/ck-hutchison-launches-arbitration-panama-535268Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed.Parliament is due on Thursday to vote on an opposition proposal seeking
https://www.marinelink.com/news/norway-socialist-party-withdraws-support-535270
https://www.marinelink.com/news/norway-socialist-party-withdraws-support-535270HII announced that its Newport News Shipbuilding (NNS) division has successfully completed builder’s sea trials of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.Kennedy returned to NNS after testing…
https://www.marinelink.com/news/hii-newport-news-shipbuilding-completes-535274
https://www.marinelink.com/news/hii-newport-news-shipbuilding-completes-535274GTT announced the signing of a Joint Development Project (JDP) with the shipyard HD Hyundai Heavy Industries focused on a 102,000 m³ Very Large Ethane Carrier (VLEC) featuring GTT’s Mark III Slim membrane containment system. This new project…
https://www.marinelink.com/news/gtt-hd-hyundai-heavy-industries-advance-535275
https://www.marinelink.com/news/gtt-hd-hyundai-heavy-industries-advance-535275According to a draft document that was seen on Tuesday, the European Commission will propose measures to ensure more goods and services for the European Union's shipping industry are made in the EU.Next week, the "Made in EU", proposals will be made.
https://www.marinelink.com/news/eu-plans-boost-local-shipbuilding-new-535278
https://www.marinelink.com/news/eu-plans-boost-local-shipbuilding-new-535278