Stay informed with real-time maritime industry updates
gCaptain
Hapag-Lloyd has reported preliminary financial results for 2025, which, despite being at the upper end of its guidance, show a significant drop in earnings due to increased operating costs and lower freight rates, as noted by gCaptain. The development of the Gemini Network is underway, contributing to the company's strategic adjustments.
gCaptain
Saltchuk has agreed to acquire Great Lakes Dredge & Dock, the largest dredging contractor in the U.S., in a $1.5 billion deal, as reported by gCaptain. The acquisition will allow Saltchuk to expand its maritime operations while Great Lakes Dredge & Dock continues to operate independently.
Splash247
Greek shipowner Evangelos Marinakis has expanded his tanker fleet, with Capital Maritime and Trading signing contracts for 11 new VLCCs at China’s Hengli Heavy Industry, as reported by Splash247. This order is part of a larger package involving 15 VLCCs, disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder.
Splash247
Fednav, a Canadian dry bulk owner, has signed a letter of intent with Japan's Oshima Shipbuilding for four new 35,000 dwt handysize bulkers, as reported by Splash247. The Montreal-based company plans to have these vessels delivered by mid-2029.
Splash247
Nasdaq-listed Euroseas has secured a new time charter for its feeder containership, EM Spetses, at a higher rate, reflecting a strong feeder market, as reported by Splash247. The 1,740 teu vessel, built in 2007, is chartered for a minimum of 22 months with an option to extend up to 24 months.
gCaptain
Russia's Arctic LNG 2 plant is set to enhance its export capabilities with the addition of two more domestically built ice-class LNG carriers by 2026, as reported by gCaptain. These new vessels are expected to bolster the project's potential amidst ongoing sanctions.
gCaptain
Blue Water Autonomy has introduced the Liberty Class, a 190-foot autonomous surface vessel designed for mass production, as reported by gCaptain. This privately funded initiative aims to support the U.S. Navy's efforts to expand its fleet capacity.
Offshore Energy
Petrobras has introduced its eighth floating production storage and offloading (FPSO) vessel to bolster operations at its largest oil and gas field in the Santos Basin, Offshore Energy reports. This move is expected to enhance production capabilities off the coast of Brazil.
Seatrade Maritime
Seatrade Maritime reports that the UK Marine Accident Investigation Branch (MAIB) found the loss of the general cargo ship 'Verity' to be 'wholly avoidable', citing unnecessary risks taken by watchkeepers on both 'Polesie' and 'Verity'. The investigation faced challenges as some witnesses were unwilling to cooperate, as detailed by Seatrade Maritime.
gCaptain
The U.S. Coast Guard has awarded contracts for all 11 Arctic Security Cutters to Davie Defense, completing a significant expansion of its icebreaker fleet, as reported by gCaptain. This move is part of efforts to enhance U.S. operational capabilities in the Arctic amid increasing competition in the region.
