Maritime Magazine

China’s Cosco Shipping Group has signed a $7 billion deal with China Shipbuilding Group for a massive fleet renewal and expansion covering 87 ships, including container ships and multipurpose vessels, reports the joc.com news platform. It is described as the largest single order for new ships ever placed with the Chinese shipbuilder. The deal was […]

Sector outlooks for North America and EMEA Seaports are ‘deteriorating’ for 2026, while Asia-Pacific and Latin America ports appear to be better weathering policy uncertainty and the tariff war, according to the Fitch Ratings Global Seaports Outlook 2026. “The ‘deteriorating’ outlook for EMEA reflects Fitch’s expectations for modest or stagnant seaborne trade as higher tariffs

Amid the impact from tariffs and ongoing trade policy uncertainty, year-over-year declines in import cargo volume seen at the nation’s major container ports in recent months are expected to continue in 2026, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Stores are stocked up and ready for a

Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020, according to Filipe Gouveia, Shipping Analysis Manager at BIMCO. “Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet,” he

The Drewry World Container Index (WCI) rose 7% to $1,927 per 40ft container after three weeks of decline, mainly due to rate hikes on Transpacific and Asia–Europe trade routes, the UK-based shipping consultancy reported today. Following three weeks of declines that pushed spot rates to their lowest level since January 2025, rates on the Transpacific

The Long Beach Board of Harbor Commissioners announced that at its Dec. 8, 2025 Board meeting, Commissioners will consider the appointment of longtime Port of Long Beach executive Dr. Noel Hacegaba as the Port’s next Chief Executive Officer, effective Jan. 1, 2026. Currently the Port’s Chief Operating Officer, Mr. Hacegaba succeeds Mario Cordero, who will

Recent global regulations have significantly reduced sulfur emissions from ships, helping to improve air quality in coastal regions – confirmed by a new international study led by researchers at the National Centre for Atmospheric Science in the United Kingdom. The research, published in Environmental Science: Atmospheres, used aircraft and ground-based instruments to measure sulfur dioxide and

The Port of Rotterdam Authority has announced plans to develop a 45-hectare site in the north-western corner of the Maasvlakte for offshore wind activities. The terminal will offer opportunities for storage, transport, (pre-)assembly, and delivery of components for both wind turbines and foundations. The terminal will have direct nautical access to the sea and will

Warsaw – Ocean Winds, an international company dedicated to offshore wind energy and established as a 50-50 joint venture between EDP Renewables and ENGIE, announced it has secured an around €2 billion (US$2.3B) project finance and reached Financial Close for its first offshore wind farm in the Baltic Sea. This achievement marks a key milestone,