Container Corporation of India Ltd. (CONCOR), the Navratna public sector logistics leader, has announced its financial results for the third quarter and nine months ending December 31, 2025. The Board of Directors approved the unaudited standalone and consolidated results and declared a robust interim dividend, highlighting the company’s continued strength in India’s multimodal logistics sector.
Read More
Danish shipping giant Maersk will take temporary control of two key Panama Canal ports after Panama’s Supreme Court ruled contracts held by Hong Kong-based CK Hutchison were unconstitutional.
The Panama Maritime Authority (AMP) confirmed on Friday that APM Terminals, part of the Maersk Group, will serve as the “temporary administrator” for the Balboa and Cristobal ports, located at either end of the canal. CK Hutchison’s subsidiary, Panama Ports Company (PPC), had managed these ports since 1997 under a concession extended in 2021 for 25 years.
A maritime tragedy struck Gloucester, America’s oldest fishing port, when the commercial fishing vessel Lily Jean sank in the frigid Atlantic Ocean Friday morning. The U.S. Coast Guard was alerted by the boat’s emergency beacon after no mayday call was received.
Rescuers discovered one crew member deceased, floating in the water, along with debris and an empty lifeboat. Six fishermen remain missing as the search continues amid harsh winter conditions.
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.
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.
Read More
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.
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.
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.
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.
Read More
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.
Read More
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.
Read More
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).
Read More
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.
Read More
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.
Read More
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.
Read More