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Shipping CEO: About 10% of the global container fleet is caught up in Hormuz backlog

Posted to Maritime Reporter on March 2, 2026

Jeremy Nixon (CEO of Ocean Network Express) said that container ships accounted for about 100 of the 750 ships backed up around 'the Strait of Hormuz after U.S. Nixon told a container shipping conference in Long Beach California that "about…

Asian airline shares drop as US-Iran conflict disrupts traveling and raises oil prices

Posted to Maritime Reporter on March 1, 2026

Airline shares fell on Monday. Hong Kong's Cathay Pacific and Australia's Qantas Airlines, as well as Singapore Airlines, Japan Airlines, and Singapore Airlines all dropped more than 5%. This was after Israel and the U.S. launched strikes against?Iran over the weekend…

One presumed deceased and five still missing after tugboat sinks off South Africa

Posted to Maritime Reporter on March 1, 2026

A multi-agency maritime agency said that one person was 'presumed dead' and five crew members were reported missing after a tug boat sank near South Africa’s southern coast. The ship sank around 80 nautical miles south-east of Mossel Bay, in South Africa's Western Cape province.

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Denmark talks to Ukrainian drone manufacturer Skyfall about hosting production

Posted to Maritime Reporter on February 24, 2026

The Danish defence ministry announced on Tuesday that Ukrainian drone manufacturer 'Skyfall' is in discussions with the country about becoming the'second defence firm from the war-torn nation to set up production on Danish soil. The firm stated…

Expeditors tops quarterly estimates on strong customs brokerage demand

Posted to Maritime Reporter on February 24, 2026

The demand for its customs brokerage services helped Expeditors international of Washington to report a profit and revenue in the fourth quarter that exceeded Wall Street expectations. Customs-related activities have increased as a result of President Donald Trump's new trade policies.

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Pentagon: US forces capture third sanctioned oil-tanker in Indian Ocean

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interdiction of this kind in the region. Washington has stepped up its blockade of vessels going to or from Venezuela…

Middle East oil exports drive tanker costs up to a 6-year high amid US-Iran threat

Posted to Maritime Reporter on February 24, 2026

Industry sources claim that the cost of shipping crude oil has risen?to its highest level in six years. This is due to a surge of crude exports out of the Middle East, as traders rush to book charters before a possible conflict between the U.S.

Panama cancels CK Hutchison's contracts and gives canal ports to Maersk

Posted to Maritime Reporter on February 24, 2026

Panama published a Supreme Court decision on Monday in its official gazette canceling a number of port contracts held by a subsidiary CK 'Hutchison. This cleared the way for a Maersk APM Terminals temporary takeover. This publication is the…

Renault buys out Volvo and CMA CGM to gain full control of Flexis, an electric van company.

Posted to Maritime Reporter on February 23, 2026

Renault announced on Monday that it would buy out the stakes of truckmaker Volvo Group and shipping firm CMA CGM in Flexis, their joint venture for new-generation electric vans. The agreement is expected to take effect by the end the first half…

Trucks form 28-km line to deliver soybeans to Brazil's Miritituba river terminals

Posted to Maritime Reporter on February 20, 2026

According to data provided by the oilseed lobby Abiove, trucks loaded with soybeans had to wait in a 28-kilometer-long line to deliver their product to terminals at Miritituba port on the Amazonian coast of Para state. Terminals are operated by Cargill…

Danish authorities seize Iranian-flagged vessel due to registration concerns

Posted to Maritime Reporter on February 20, 2026

Denmark's maritime authority said?on Thursday that they had detained and examined a container ship with an Iranian flag anchored in Danish waters because it was not properly registred. According to LSEG, the ship was originally sailing under a Comoros 'flag.

The danger of ships and nets during the whale migration season in Chile

Posted to Maritime Reporter on February 20, 2026

The increased activity of the 'fin whale', the'second largest whale in existence' along Chile's north coast during feeding season is highlighting an 'emerging threat' from collisions with vessels and fishing net entanglements. This warning was made by marine experts and conservationists this week.

Argentine labor reform is up for a key vote in the lower house as unions strike nationwide

Posted to Maritime Reporter on February 20, 2026

The lower house of Argentina's Congress was set to vote Thursday on a controversial labor reform supported by libertarian president Javier Milei. Unions were staging a nationwide walkout that brought parts of Argentina to a standstill. The largest umbrella union in Argentina…

Source: India seizes 3 Iranian-linked US sanctioned tankers

Posted to Maritime Reporter on February 16, 2026

Sources confirmed that India had seized three U.S. sanctioned 'oil tankers' linked to Iran this month, and increased surveillance in its maritime zone in order to stop illicit trade. This confirms a post made by Indian authorities on X earlier in February, which was deleted.

Hapag-Lloyd acquires Israel's ZIM in global shipping deal for $4.2 billion

Posted to Maritime Reporter on February 16, 2026

Hapag-Lloyd, a German shipping company, announced on Monday that it would purchase Israel's ZIM for $4.2 billion. This will cement its position as the fifth-largest group in the world. The deal was met with a backlash from Israelis, as ZIM employees at the Haifa headquarters went on strike…

Trump Administration releases Maritime Action Plan aimed to revive US shipbuilding

Posted to Maritime Reporter on February 14, 2026

The Trump administration released on Friday a plan to rebuild U.S. shipbuilding and other maritime business, which will be paid for in part by port fees collected on cargo brought to the United States aboard ships manufactured in China. The…

US removes updated list of companies allegedly assisting China's military

Posted to Maritime Reporter on February 14, 2026

After posting a list on Friday, the 'United States' removed it shortly thereafter. The updated list included some of China's biggest tech companies including Baidu and Alibaba. The document was posted for an hour and removed China's two largest memory chip manufacturers…

CK Hutchison threatens legal action if Maersk acquires Panama's Balboa and Cristobal terminals

Posted to Maritime Reporter on February 12, 2026

Hong ?Kong's CK Hutchison said on Thursday it has ?notified Panama of an investment-protection treaty dispute after A.P. Moller-Maersk has indicated that it is willing to temporarily take over the management of 'the Balboa and Cristobal terminals.

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