Major European Ports See Container Gains Despite Trade Turmoil
With the United States reimposing sweeping tariffs under President Trump’s second administration, European ports and trade officials are bracing for impact—though early assessments suggest the blow may fall hardest on specific sectors and regions rather than across the European Union (EU) as a whole. A recent analysis from the Brussels-based think tank Bruegel paints a […]
Could a potential India-Pakistan conflict affect shipping operations?
The specter of renewed conflict between India and Pakistan is once again casting a shadow over regional stability—this time with far-reaching consequences for shipping operations in the Indian Ocean. Following a deadly terrorist attack in Kashmir, India that claimed the lives of at least 26 civilians, New Delhi has announced a suite of diplomatic measures […]
Yinson Production secures $100m financing deal
Singapore-based floater owner and operator Yinson Production has successfully structured and arranged a standby letter of credit and guarantee facility of $100m. The company added that the three-year facility, with options for extensions, expands Yinson Production’s “strategic financing toolkit to support the continuous growth” of the company. According to the Singapore firm, the agreement for […]
OIA Global acquires JF Moran to enhance North American presence
OIA Global announced the acquisition of JF Moran, a leading US-based customs brokerage firm. This strategic move enhances OIA Global’s trade compliance capabilities, expands its presence across North America, and further strengthens its ability to deliver tailored global logistics solutions. JF Moran brings specialized expertise in customs compliance, Foreign Trade Zones (FTZ), and international logistics, […]
S&P Global buys Orbcomm’s ship tracking business
S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm’s AIS vessel tracking technology has for many years been utilised for supply […]
Tariff war spurs surge in Transpacific blank sailings
The US tariff war continues to directly affect container shipping operations, as the number of cancelled sailings on the Transpacific trade increased drastically this past week, according to the latest Sea-Intelligence report. Danish shipping data analysts explain: “When we look at the data, it is quite evident that the impact of the trade war has caused […]
Port of Helsingborg modernizes operations with Kaleris N4 TOS
Port of Helsingborg, Sweden’s second largest container terminal, continues to advance its modernization initiatives using Kaleris’ N4 Terminal Operating System (TOS). Over the past 1.5 years, the Port has achieved improvements in productivity, streamlined operational planning, reduced bottlenecks and enhanced overall terminal handling efficiency. The Port of Helsingborg handles approximately 275,000 TEUs by sea and […]
Golden Ocean, CMB.TECH ink merger deal
Golden Ocean and CMB.TECH NV have signed a term sheet for a proposed stock-for-stock merger that would see Golden Ocean merge into CMB.TECH, creating one of the world’s largest diversified listed maritime groups. Under the agreed terms, Golden Ocean shareholders will receive 0.95 shares of CMB.TECH for each share they hold, subject to customary adjustments. […]
Samsung Electronics wins US$3.7 million in FMC complaint against ZIM
The US Federal Maritime Commission (FMC) on 22 April ruled in favour of Samsung Electronics Asia, which complained about ZIM Line’s unfair demurrage and detention charges. Many of these shipments occurred prior to the Ocean Shipping Reform Act, passed in 2022, which created the FMC’s charge complaint process. The charge complaint process is designed to […]
Hapag-Lloyd introduces GRI from Asia and Oceania to Latin America
German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) from Asia and Oceania to Latin America. This GRI will apply to cargo transported in 20’ and 40’ dry containers, including high cube equipment and 40’ non-operative reefers. Hapag-Lloyd’s rate increase will apply from 8 May for all destinations, except Puerto Rico and the […]