Sea

CMA CGM Announces 10 New 24K TEU LNG Ships

French Carrier CMA CGM has entered its fleet and registered 10 new liquefied natural gas (LNG) dual-use 24,212-TEU vessels, the largest LNG-powered ships in the world.  Rodolphe Saadé, chairman and CEO of the CMA CGM Group, made the announcement at the 20th edition of the Assises de l’Économie de la Mer. CMA CGM said the major investment confirmed its long-term commitment to France and its preference of “French and European maritime power ... [+]

Port Canaveral’s Results Rely on All Segments

Canaveral Port Authority CEO Capt. John Murray in his annual state of the port address, detailed how all segments of operations – cruise, cargo, recreation, real estate, commercial fishing and aerospace – contributed to the Central Florida port’s performance. Revenue for fiscal year 2025 reached US$218 ... [+]

China to Resume US Soya Bean Imports, BIMCO

Following U.S.-China trade negotiations, China has committed to resume imports of U.S. soya beans and will purchase 12 million tonnes during the rest of 2025 and 25 million tonnes per year during the next three years, like 2024 volumes. If these commitments are met, U.S. ... [+]

Dry Bulk Demand Softens as Coal Shipments Fall

Coal shipments are forecast to decline 4.9 percent between 2025 and 2027, as demand is falling as electricity generation from renewable sources continues to expand, particularly in China, Europe and India, said BIMCO, the Danish shipping association. Furthermore, the global steel demand outlook is weak, contributing ... [+]

KKR Launches Galaxy Container Solutions

Global investment firm KKR said it has launched Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with a team of industry veterans. Galaxy will be owned by KKR-managed credit funds and accounts, which are committing US$500 million to the company via ... [+]

Spot Rate Market Flat Through October, Xeneta

Average container market spot rates from the Far East to U.S. was flat on all five main front-hauls the week of Oct. 31, and remain so against levels seen in mid-October, said Xeneta, the freight rate benchmarking and market analytics platform. Compared to September, average Far ... [+]

‘Diplomacy at Its Best?’ Trump Dumps on Trade

The 19th edition of One World’s Market Sentiment Index (MSI) for the multipurpose and breakbulk Industryreflects a modest rise for the first time in 2025 to a level of 53.3, despite a maritime industry roiled by the chaos of the U.S. administration. Of the 27 carriers ... [+]

Cabotage Grows at Unprecedented Pace, AMP

The American Maritime Partnership said it has released a study by Seafarers’ Rights International (SRI) that finds cabotage laws exist on 85 percent of the world’s coastlines and are growing in number at an unprecedented pace. The Cabotage Laws of the World report, commissioned by the ... [+]

U-Freight Expands Pharma, Medical Logistics

Global freight forwarder and logistics provider U-Freight Group (UFL) said it strengthening its presence in the pharmaceutical and medical logistics sector through a deepened strategic partnership and a major new contract in China. A year after signing a strategic cooperation agreement with Shanghai Hongyu Supply Chain ... [+]

Port NOLA Registers LIT Project with Envision

The Port of New Orleans, or Port NOLA said its Louisiana International Terminal project became the first new project in the U.S. and Louisiana to register with the Envision Sustainable Infrastructure Framework project. Port NOLA said it registered LIT with the globally recognized framework to standardize ... [+]

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