Shipping Services News

A new integrated structure that combines maritime transport, ship owning, and ship management.With the aim of further strengthening the competitiveness of the NYK Group’s dry bulk business, NYK Bulkship Partners Co., Ltd. (NBSP) was established on April 1, 2026.NBSP brings together the expertise and personnel cultivated over many years by Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd., and is a company that has an integrated business structure encompassing maritime transport, ship owning, and ship management.The company also integrates ship-owning functions — providing its own vessels to operating companies on long-term charters — with ship-management services that cover both its own and third-party vessels.

Equinor has entered into a two-year bio-methanol supply agreement with Wallenius Wilhelmsen, a major global player in shipping and vehicle logistics, supporting a growing marine segment for low-carbon fuels.Soon bio-methanol from Equinor will fuel ships that are bringing cars and machinery from points of production to markets. Wallenius Wilhelmsen is a roll‑on/roll‑off (RoRo) shipping and vehicle logistics giant, and will use the bio‑methanol as bunker fuel for its upcoming dual‑fuel…

The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge.For the full year 2025, the Israeli liner carrier reported revenue of $6.9 billion, down from $8.4 billion in 2024 as freight rates softened across major trade lanes. Net income reached $481 million, a sharp decline from $2.15 billion the previous year…

Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war, traders said on Friday.The U.S.-Israeli war against Iran, which began a week ago, has choked the Strait of Hormuz, the main route for global oil.Russian oil had traded at a discount of several U.S. dollars per barrel to Brent in Indian ports since the start of conflict in Ukraine in 2022 as Russia diverted oil sales to Asia after the EU imposed an embargo on Russian sales.

DP World has acquired a 5,000+ TEU container vessel, DP World Chennai, integrating it into its Red Sea Gulf–India service to strengthen trade links between India and the Middle East.The vessel has been deployed on the route with its maiden call at Jebel Ali, lifting DP Wordl Shipping Solutions’ owned capacity to over 6 million TEU and aimed at enhancing schedule reliability across key regional markets."The acquisition of DP World Chennai enhances our capability to offer consistent…

Samskip has announced an agreement with short sea shipping and multimodal operator CLdN to sell its UK and Ireland (UKI-trade) door-to-door and quay-to-quay cargo business.The transaction will enable Samskip to focus even more on the company’s long-distance multimodal network that connects destinations covering mainland Europe, the Nordics, Baltics and North Africa. With sustainability as a central part of Samskip’s strategy, this will contribute to the decarbonization of customer’s…

In a move that further reshapes the global liner landscape, Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services Ltd. in an all-cash transaction valued at approximately $4.2 billion, the companies announced today.Under the terms of the merger agreement, Hapag-Lloyd will acquire ZIM for $35.00 per share in cash, representing a 58% premium to ZIM’s prior-day closing stock price, a 90% premium to its 90-day VWAP, and a 126% premium to its unaffected share price of $15.50 in August 2025 prior to market speculation.The transaction…

A.P. Moller - Maersk has ordered eight large container vessels from China’s New Times Shipbuilding.All eight ships will have the same characteristics and make up a new series of 18,600 TEU vessels with delivery in 2029 and 2030.The ships will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquified gas.“We are pleased to have signed this agreement for eight large vessels. The order is part of our ongoing fleet renewal and helps maintain our fleet’s competitive edge…

The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports, going far beyond previous piecemeal EU sanctions in its effort to stunt Moscow's key source of income for its war on Ukraine.Russia exports over a third of its oil in Western tankers - mostly from Greece, Cyprus and Malta - with the help of Western shipping services.The ban would end that practice, which mostly supplies India and China, and render obsolete…

Mitsui O.S.K. Lines (MOL) has taken delivery of a new liquefied petroleum gas (LPG) dual-fuel very large gas carrier (VLGC), Energia Grandeur.The vessel was ordered by MOL group company MOL Energia from Hyundai Samho Heavy Industries, with delivery taking place off Mokpo port in South Korea on January 29, 2026.Energia Grandeur will operate under a time charter contract for CSSA Chartering and Shipping Services SA, a subsidiary of TotalEnergies.The vessel is a dual-fuel carrier capable of operating on LPG and heavy fuel oil.

Global operator of roll-on/roll-off carriers Sallaum Lines has taken delivery of the MV Ocean Legacy, a pure car and truck carrier (PCTC) that has joined its Ocean Class fleet.The delivery follows the recent entry into service of the MV Ocean Explorer and forms part of Sallaum Lines’ Ocean Class program, which focuses on fleet renewal, operational efficiency and lower-emission maritime operations.The vessel was built at China Merchants Jinling Shipyard (Jiangsu) and measures about 199.9 meters in length and 37.7 meters in breadth.

Technology group Wärtsilä will supply its Wärtsilä 25 ammonia solution to power a new cargo vessel for Norway-based Skarv Shipping Solutions, marking the first newbuild to use the company’s four-stroke ammonia engine technology.The vessel will be constructed at Huanghai shipyard in China and is intended to support Skarv Shipping Solutions’ strategy to deliver sustainable short-sea shipping services in Northern Europe.Wärtsilä will provide the Wärtsilä 25 Ammonia engine together with the complete fuel gas supply system and exhaust after-treatment…

Discussions on the need to tighten sanctions on Russia, including the possibility of a blanket ban on providing maritime services, should not be at the expense of legitimate businesses in the industry, key EU shipping nations Cyprus and Malta said.The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in an attempt to reduce the oil revenue that helps finance Russia's war in Ukraine, Reuters exclusively reported on Dec.

Wallenius Wilhelmsen has extended two key strategic contracts for shipping services with an estimated additional value of close to $500 million.The first contract is with a premium European auto manufacturer and is extended by three additional years, with the new contract now ending in 2030.The contract is estimated to have a total value of $580 million, with the extension value being $384 million based on expected volumes. The contract extension includes additional volumes and trade lanes. Rates are in line with current market levels and the renewed agreement started in October, 2025.

The IMO Assembly has elected the following Member States to serve on three categories of the IMO Council.The UK successfully campaigned to keep Russia off the Council by working closely with international partners and lobbying other Assembly Members. This underscores the international community’s unified and resolute stance against Russia’s continued violations of international law, including at sea, said the UK Department of Transport in a statement.Category (a): 10 States with the largest interest in providing international shipping services: China…

Inchcape Shipping Services, a leader in port agency and maritime services, has announced the opening of its new office in Geoje, Korea. This expansion increases Inchcape’s footprint in South Korea to three offices—Seoul, Busan, and now Geoje, covering 23 ports nationwide.Geoje is a strategic hub for global shipbuilding and offshore projects, playing a critical role in the construction of LNG carriers, container vessels, naval ships, and offshore platforms. The city is central to international shipping and energy sectors…

Afghanistan's Taliban government urged India on Thursday to scale up trade and open cargo hubs in its territory, as it strengthens ties with New Delhi and seeks alternatives to Pakistan after repeated border clashes and closures.During talks, Al-Haj Nooruddin Azizi, the Taliban's commerce minister, also asked India to help set up scheduled shipping services to move Afghan goods through the Indian-operated Chabahar Port in Iran, his ministry said.Landlocked Afghanistan has redirected more goods to Iran and Central Asia in recent months after armed clashes shut key crossings with Pakistan.Azizi

ZIM Integrated Shipping Services reported third-quarter 2025 earnings that, while sharply lower year-on-year, demonstrate the carrier’s ability to generate meaningful profit and cash flow in an increasingly volatile global container market. Revenues fell 36% to $1.78 billion as freight rates continued to normalize from 2024 highs, and net income dropped to $123 million, compared with $1.13 billion a year ago. Still, ZIM delivered an Adjusted EBITDA of $593 million—underscoring the value of its cost-efficient…

Three shipping and ship-management companies within the NYK Group - Asahi Shipping Co, Hachiuma Steamship, and Mitsubishi Ore Transport Co - entered into a merger agreement on to integrate their business operations.The companies entered into a merger agreement on October 28, 2025, and will integrate their operations under the new company NYK Bulkship Partners.As of September 30, 2025, number of owned vessels by the new company and its subsidiaries is 21, with 90 managed vessels.“NYK…

Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India’s Sagarmala Finance Corporation Limited (SMFCL), a Government of India Enterprise under the Ministry of Ports, Shipping and Waterways to collaborate on developing and scaling commercially sustainable coastal and shortsea shipping services across India.The MoU established a framework for joint action to design and finance coastal shipping corridors that support India’s ambitions to decongest roads, lower logistics costs, and decarbonize transportation.

Subsea Global Solutions, a global provider of underwater repair, maintenance, and marine services, has announced the appointment of Harun Duzgoren as Chief Executive Officer, effective immediately. Duzgoren returns to Subsea Global following a successful tenure as Regional CEO for the Americas at Inchcape Shipping Services (ISS).With more than 25 years of international leadership experience across the global marine services industry, including executive roles with six different private equity sponsors…

Crowley, a leader in logistics, marine and energy solutions, is expanding ocean shipping services with its first-ever route between the U.S. Northeast and Central America.Utilizing Crowley's new Avance Class vessels, powered by liquefied natural gas (LNG), the five-day transit between the Port of Philadelphia’s Gloucester Marine Terminal and ports in Guatemala and Honduras enables timely deliveries of food, apparel, industrial products and consumer goods to and from the Central America Northern Zone, which also includes El Salvador and Nicaragua.

ADNOC Logistics & Services Plc (ADNOC L&S) has signed a 15-year strategic partnership agreement with Borouge, worth $531 million, to manage shipping and port logistics for the company’s expanding petrochemical exports.The agreement positions ADNOC L&S as the primary logistics provider for up to 70% of Borouge’s annual production, covering container handling, port operations, and feeder shipping services from Al Ruwais Industrial City to the deepwater ports of Jebel Ali and Khalifa Port.As part of the deal…