Business

Swire Shipping to Raise Freight Rates on New Zealand–Pacific Island Services from Mid-July

Wallenius Wilhelmsen Secures $420 Million Contract Extension with European Automaker

Wallenius Wilhelmsen has secured another major long-term agreement, extending its partnership with a leading European automotive manufacturer in a deal valued at approximately $420 million. Beyond providing stable business through 2031, the contract highlights how sustainability is becoming an…

Norway Invests $130 Million to Accelerate Fleet of Zero-Emission Vessels

Norway has reinforced its position as a global leader in green shipping by committing more than $130 million to build 10 new zero-emission vessels. The investment is part of a broader strategy to decarbonise domestic shipping and develop the fuel infrastructure required to support the industry’s…

AD Ports Group Unveils AI Intelligence Hub to Power the Next Era of Smart Ports

As ports worldwide accelerate their digital transformation, AD Ports Group has introduced a new AI-powered intelligence platform designed to integrate artificial intelligence into every layer of its business. The initiative reflects the growing role of AI in improving operational efficiency…

Sallaum Lines Bets on Bigger, Greener Future with Order for 8,600-CEU Car Carriers

Vehicle carrier operator Sallaum Lines has placed one of the largest fleet investments in its history, ordering a new generation of dual-fuel car carriers designed to increase capacity while preparing for the next wave of maritime decarbonization.

MPV Shipowners Question Whether Decarbonization Rules Are Delivering Real Environmental Gains

As environmental regulations reshape global shipping, operators in the multipurpose vessel (MPV) sector are raising concerns about rising compliance costs, operational challenges, and uncertainty around future fuels. The debate highlights a growing tension between regulatory ambitions and practical…

TUI Cruises’ New Flagship Sets Sail with Multi-Orbit Connectivity Powered by Marlink

As cruise passengers increasingly expect uninterrupted internet access at sea, connectivity is becoming as important as onboard amenities. TUI Cruises’ newest vessel, Mein Schiff Flow, is entering service with a digital infrastructure designed to keep guests, crew, and ship operations connected…

UniSea Expands Maritime Software Portfolio with Acquisition of AI Inspection Specialist Kaiko Systems

A major consolidation move in maritime software is bringing inspection intelligence and fleet management closer together. UniSea’s acquisition of Kaiko Systems signals growing demand for integrated digital platforms that help shipowners manage compliance, inspections, maintenance, and operational…

Container Freight Rates Surge as Middle East Tensions Ripple Through Global Supply Chains

The impact of the ongoing Iran conflict is being felt far beyond the Middle East. Container shipping markets are experiencing a sharp rise in freight rates as carriers grapple with higher operating costs, disrupted trade flows, and mounting congestion at key Asian transshipment hubs. With the…

Supertanker Ordering Frenzy Reaches New Record as Owners Bet on Future Demand

The global tanker market is witnessing a historic surge in newbuilding activity, with shipowners ordering more Very Large Crude Carriers (VLCCs) than at any point in recorded history. While strong freight earnings and aging fleets are driving investment, many industry veterans are also warning that…

United States Approves First Floating LNG Export Project in Landmark $5 Billion Investment

The U.S. LNG sector has reached a significant milestone with Delfin Midstream and its investors giving the green light to the country’s first floating liquefied natural gas (FLNG) export project. The development not only introduces a new model for American LNG exports but also positions the project…

Maritime Technology Enters the Real World as AI and Automation Gain Operational Ground, Says ABS

For years, technologies such as artificial intelligence, robotics, autonomous systems, and alternative energy solutions were viewed as the future of shipping. According to a new report from ABS, that future is now arriving on board ships, in engine rooms, and across offshore operations.Released…