Flex LNG hammers out $175m refinancing deal for LNG carrier
John Fredriksen-backed Flex LNG has arranged a $175m lease financing for its 173,400 cu m Flex Courageous LNG carrier. The JOLCO refinancing deal will generate net proceeds of approximately $42m and extend debt maturity to 2035. The deal will also significantly reduce the cost of debt by around 1.5% per annum. The refinancing of the […]
Gemini partners on track for 90% schedule reliability target
In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime data analysis company Sea-Intelligence. On a Y/Y level, the April score was higher by 6.5 percentage points. Maersk was the most reliable top-13 carrier in April 2025 with a schedule reliability […]
Wallenius Wilhelmsen locks in $100m contract renewal
Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners. The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, emphasized that the deal reinforces a trusted relationship […]
Wan Hai christens new 13,100 TEU boxship
Wan Hai Lines held a ship naming ceremony for WAN HAI A19, accompanied by a charity event on 29 May at Samsung Heavy Industries Geoje shipyard. Huifang Zhang, Logistics Director of Meiying Household Group, performed the christening rituals, bestowing blessings on the vessel for good fortune and safe journeys. Wan Hai Lines had signed a […]
Hapag-Lloyd revamps Africa structure with new four-Area setup
Hapag-Lloyd has decided to proceed with a strategic restructuring of its Africa organizational setup across the continent. The German shipping company will change its current Area setup from two to four Areas, aiming to secure a broader and stronger presence in Africa. The new Area setup will be supported by the existing Quality Service Center […]
How Managed Web Hosting Simplifies WordPress Maintenance and Security
Ever felt like managing your WordPress site is like having an extra full-time job? From constant plugin updates to worrying about hackers and random errors, it can get a bit too much, especially when all you want is to run your blog, business, or portfolio smoothly. That’s where managed web hosting steps in to make […]
America’s Shipbuilding Crisis: A Strategic Vulnerability in an Era of Global Tension
As the United States navigates an increasingly volatile global landscape, its shipbuilding crisis has emerged not just as an industrial shortfall but as a looming geopolitical liability. A recent report by the Open Markets Institute reveals how decades of neglect, deregulation, and deindustrialization have left the American nation dangerously exposed at sea economically, militarily, and […]
John Fredriksen takes aim at Norwegian government’s perceived lack of interest in shipping
With the 60th anniversary of Nor-Shipping now underway, Norway’s most famous shipowner has used the occasion to voice his displeasure at what he sees as Oslo’s lack of interest in shipping. Norwegian-born shipping magnate John Fredriksen has sharply criticised Norway’s political climate for maritime business in an interview yesterday with Finansavisen, a leading Norwegian business […]
Container lines report soaring earnings
Ocean carriers have reported strong first-quarter results, despite geopolitical challenges and an uncertain market environment. Nearly all major container lines (that officially publish their financial figures) have reported double-digit Y/Y revenue growth, while also recording a combined 2025-Q1 EBIT of US$5.89 billion, according to Sea-Intelligence. “If we look at a comparable set of shipping lines […]
Samskip commences UK-Rotterdam service
Samskip will offer a new direct connection between the United Kingdom and the Netherlands. The Rotterdam-based ocean carrier will launch a new shortsea container service calling at the Port of Blyth, enhancing multimodal connections between the UK and key European trade hubs. “This strategic expansion strengthens our presence in northeast England, offering shippers a reliable, […]