Maritime Current News

Insights, Updates, and Maritime Intelligence

Friday, April 10, 2026

Maritime Current News

Insights, Updates, and Maritime Intelligence

Friday, April 10, 2026

Author: Maritime Current News

Pakistan Maritime Minister Calls on AD Ports Group to Review Terminal Cargo Handling Charges at Karachi Port
Pakistan Maritime NewsShipping Regulations & Policies
Maritime Current News

Pakistan Maritime Minister Calls on AD Ports Group to Review Terminal Cargo Handling Charges at Karachi Port

Pakistan’s Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has called on AD Ports Group to rationalise terminal cargo handling charges in a move aimed at making port operations more business-friendly and globally competitive.
The minister shared these remarks during a meeting at his office with a delegation from AD Ports Group, where both sides reviewed the progress of ongoing projects at Karachi Port Trust (KPT). The discussion focused on improving operational efficiency and strengthening the commercial appeal of Pakistan’s port sector.

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CMA CGM Reroutes Atlantic Fleet to Safer Areas as Severe Storms Hit European and North African Waters
Maritime Safety , Security and Technology
Maritime Current News

CMA CGM Reroutes Atlantic Fleet to Safer Areas as Severe Storms Hit European and North African Waters

French shipping and logistics group CMA CGM has temporarily diverted several of its Atlantic-trading vessels to designated safe zones as severe storms disrupt navigation across parts of the European and North African coastline. The precautionary move follows exceptional weather conditions affecting waters off France, Spain and Morocco, with particularly hazardous conditions reported in the Bay of Biscay.

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PSA Singapore and MOL Partner to Launch Joint Venture Ro-Ro Terminal
Ports and Shipping
Maritime Current News

PSA Singapore and MOL Partner to Launch Joint Venture Ro-Ro Terminal

PSA Singapore and Mitsui O.S.K. Lines (MOL) have entered into a strategic collaboration to establish a joint venture roll-on/roll-off (Ro-Ro) terminal in Singapore, marking a major step toward strengthening global automobile logistics and enhancing terminal service quality.
The partnership brings together PSA Singapore, operator of the world’s largest container transhipment hub, and MOL, one of Japan’s leading shipping companies, to jointly manage Ro-Ro terminal operations. By combining their respective strengths, the two companies aim to unlock operational synergies and support long-term growth in automobile transportation.

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Rex Secures Jackup Rig for Offshore Oman Drilling
Maritime Trade & Economy
Maritime Current News

Rex Secures Jackup Rig for Offshore Oman Drilling

Singapore, listed Rex International is moving forward with offshore development drilling in Oman after its subsidiary Masirah Oil secured a jackup rig for operations at the Yumna field.
Masirah Oil confirmed that its parent company, Rex Oman, has signed a contract for the Energy Emerger jackup drilling rig, operated by Northern Offshore. The rig will drill three development wells at the Yumna field in offshore Block 50, with drilling activities scheduled to begin in March 2026.

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Pakistan Navy Takes Command of Combined Maritime Forces’ Task Force 150
Pakistan Maritime News
Maritime Current News

Pakistan Navy Takes Command of Combined Maritime Forces’ Task Force 150

The Pakistan Navy assumed command of Combined Task Force (CTF) 150, a multinational maritime task force, from the Royal Saudi Navy during a change of command ceremony, presided over by U.S. Navy Vice Adm. Curt Renshaw, commander of Combined Maritime Forces (CMF).
Royal Saudi Navy Commodore Fahad S. Al Joaid turned over command to the Pakistan Navy Commodore Muhammad Yasir Tahir.

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OceanScore Appointed Global Administrator of Environmental Ship Index from January 2026
Ports and Shipping
Maritime Current News

OceanScore Appointed Global Administrator of Environmental Ship Index from January 2026

OceanScore has been appointed as the new administrator of the Environmental Ship Index (ESI), taking over the role with effect from 1 January 2026, following an announcement by the International Association of Ports and Harbors (IAPH). The move marks a significant step in strengthening one of the shipping industry’s most widely used environmental incentive schemes.

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Stonepeak Invests US$2.4 Billion in Global CMA CGM Terminal Portfolio through United Ports Joint Venture
Ports and Shipping
Maritime Current News

Stonepeak Invests US$2.4 Billion in Global CMA CGM Terminal Portfolio through United Ports Joint Venture

Stonepeak has committed US$2.4 billion to acquire a minority stake in a portfolio of 10 major container terminals operated by CMA CGM, marking one of the largest recent infrastructure investments in the global port sector. Under the agreement, CMA CGM and Stonepeak will establish a US-based joint venture, United Ports LLC, through which the terminals will be held.

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IMO Finalises Draft Workplan on Safety Rules for Battery, Wind and Nuclear-Powered Vessels
Maritime Environment Policy and Law
Maritime Current News

IMO Finalises Draft Workplan on Safety Rules for Battery, Wind and Nuclear-Powered Vessels

The International Maritime Organization’s (IMO) Sub-Committee on Ship Design and Construction (SDC) has agreed on a draft workplan to develop a comprehensive safety regulatory framework for ships using new technologies and alternative fuels aimed at reducing greenhouse gas emissions. The draft workplan will be submitted to the IMO’s Maritime Safety Committee at its 111th session (MSC 111) for approval in May 2026.

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Op-Ed: CIPS, Shipping Routes, and the Structural Evolution of Global Trade Finance
Editorial
Maritime Current News

Op-Ed: CIPS, Shipping Routes, and the Structural Evolution of Global Trade Finance

Global trade is rarely shaped by rhetoric. It is shaped by tonnage, freight rates, port throughput, invoices, and settlement cycles. Long before political narratives emerge, commercial logic quietly determines outcomes. Financial infrastructure, contrary to popular belief, has almost never led trade; it has consistently followed it. From the gold standard to Bretton Woods, and later the rise of a US-dollar-centric settlement architecture, payment systems evolved in response to where goods flowed and how frequently ships sailed, not the other way around. China’s Cross-border Interbank Payment System (CIPS) should be understood within this historical continuum. It is less a geopolitical declaration than a commercial response to a changing geography of trade. As the Bank for International Settlements has repeatedly observed, payment systems tend to adapt to trade patterns rather than redirect them (BIS, 2022).

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Galveston LNG Bunker Port and TOTE to Build US-Flag LNG Bunker Fleet for the Gulf Coast
Ports and Shipping
Maritime Current News

Galveston LNG Bunker Port and TOTE to Build US-Flag LNG Bunker Fleet for the Gulf Coast

Galveston LNG Bunker Port has entered into a strategic partnership with TOTE Services to develop and operate a dedicated fleet of Jones Act–compliant LNG bunker vessels serving the US Gulf Coast. The collaboration is aimed at supporting Galveston LNG Bunker Port’s planned small-scale LNG bunkering facility, which is being positioned as the first dedicated LNG bunkering terminal on the US Gulf Coast.

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MSC Returns to Mid-Sized Containership Market with New Orders
Ports and Shipping
Maritime Current News

MSC Returns to Mid-Sized Containership Market with New Orders

Mediterranean Shipping Company (MSC) is returning to the mid-sized containership market with a newbuilding order at China’s Yangzhou Guoyu Shipyard. Market sources report that the world’s largest container line has signed firm contracts for at least two conventionally fuelled 5,000 TEU vessels, with some brokers suggesting the agreement could include up to five ships, including options.

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Venezuelan Oil Redirection Could Push Tanker Shipping Rates Higher
Maritime Trade & Economy
Maritime Current News

Venezuelan Oil Redirection Could Push Tanker Shipping Rates Higher

Potential redirection of Venezuelan crude oil exports could push tanker shipping rates higher in the near to medium term, as shipments shift from shadow tankers to the mainstream fleet, according to Fitch Ratings. Any similar shift of Iranian oil transportation from shadow tankers to mainstream vessels represents an additional upside risk, while key downside risks include the resumption of transit through the Suez Canal and slowing global economic growth.

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INTERASIA ENGAGE Makes Maiden Call at Port of Incheon, Launching New KCI Service
Ports and Shipping
Maritime Current News

INTERASIA ENGAGE Makes Maiden Call at Port of Incheon, Launching New KCI Service

Interasia Lines proudly announced that INTERASIA ENGAGE made her maiden call for the KCI service at the Port of Incheon on January 14, 2026. The welcome ceremony was successfully held with attendance from President Lee of the Incheon Port Authority, the CEO of Hanjin Incheon Terminal, valued local partners, and Jerry Hsieh, Representative of Interasia Lines Korea.

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TGS Expands OBN Work in Europe for 2026 Season
Ports and Shipping
Maritime Current News

TGS Expands OBN Work in Europe for 2026 Season

Oslo-listed seismic data specialist TGS Geophysical Company has secured an additional Ocean Bottom Node contract in Europe, further strengthening its 2026 order book. The company said its node-on-a-rope crew is scheduled to mobilise in mid-summer, with the project expected to last for approximately 30 days.
According to TGS Geophysical Company, the award comes from a valued repeat customer, and under the contract, the company will deliver high-quality 4D seismic data while providing insights to help the client optimise oil and gas production.

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Stolt-Nielsen Considers Sale of Up to 50% Stake in Avenir LNG
Ports and Shipping
Maritime Current News

Stolt-Nielsen Considers Sale of Up to 50% Stake in Avenir LNG

Oslo-listed shipping and logistics group Stolt-Nielsen is evaluating a partial sale of its small-scale LNG subsidiary Avenir LNG, just months after gaining full ownership of the company.
In a filing to the stock exchange, Stolt-Nielsen said its gas shipping arm, Stolt-Nielsen Gas, is currently in discussions with a strategic investor regarding the potential sale of up to 50% of its stake in London-based LNG bunkering operator Avenir LNG.

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