Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026
Peter Sand, Xeneta Chief Analyst:“The recent tariff ruling by the US Supreme Court will have knock-on impacts for ocean container shipping, but this will be nuanced and unlikely to cause a huge increase in frontloading demand, even though tariffs on some Chinese manufactured goods are lower today than a week ago.“The court ruling and political fallout actually increase uncertainty for many shippers.
American Club Reports Positive Progress with 2026 P&I Renewal
The American Club has reported positive developments for the 2026 renewal across all lines of business. Gross tonnage for the Club’s Class I (mutual P&I) entries increased modestly at the turn of the renewal at Noon GMT 20 February 2026, while the tonnage position since the 2025 renewal has increased by 5% and over the same period, Class I premiums have grown by 6%. The Club’s Class II (mutual FD&D)…
Third Purus Daughter Craft Undergoes Final Outfitting, Sea Trials to Come
Daughter Craft No. 3, commissioned by Purus, is progressing through final outfitting ahead of sea trials. Engines are now installed with Volvo Penta IPS drives, and the vessel’s electronics and interior systems are well underway in outfit.Diverse Marine has worked with Chartwell Marine to produce this daughter craft design, with inboard propulsion systems fitted with IMO Tier 3 exhaust after-treatment…
carried Ukrainian and Russian oil before attack
The Druzhba pipeline exported some Ukrainian oil, as well as much higher volumes of Russian crude, before it was damaged a month ago by a Russian strike that has led to a halt in supply, three industry sources familiar with the matter said.Oil shipments to Hungary and Slovakia through the pipeline primarily operated by Russia have been suspended since January 27 following what Kyiv says was a Russian attack on pumping installations in western Ukraine…
Damen Delivers Multi Cat 3113 Vessel to Leask Marine
Damen Shipyards Group has delivered a Multi Cat (MuC) 3113 to Leask Marine. The vessel was named C-Trojan in a handover ceremony at Damen Shipyards Hardinxveld’s location in the Netherlands. The MuC 3113 is a versatile vessel, purpose-built for Leask Marine’s requirements. The company’s fleet includes a Damen MuC 2712, named C-Force. Thanks to its stock building program, Damen delivered this vessel in six weeks following the signing of contract back in 2021.
US DOE Green Light Set to Make Corpus Christi Second Largest US LNG Scheme
The U.S. Department of Energy (DOE) has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal in Texas, authorizing additional shipments to non-free trade agreement countries.U.S. Secretary of Energy Chris Wright signed the order allowing exports of up to 0.47 billion cubic feet per day (Bcf/d) of natural gas as LNG from Trains 8 and 9 of the Corpus Christi Stage 3 Project…
Seatrium Delivers Next-Gen WTIV Newbuild to Maersk Offshore Wind
Singapore-based Seatrium has delivered a next-generation wind turbine installation vessel (WTIV) to Maersk Offshore Wind, following the completion of sea trials and final readiness evaluations.The custom-engineered vessel is designed to install 15+ MW-class offshore wind turbines and is equipped with a 1,900-tonne main crane featuring a 180-metre hook height.The construction program included heavy-lift operations…
