Global container freight rates are losing momentum as excess vessel capacity and weakening seasonal demand combine to push spot prices lower, according to the latest market data from Drewry Shipping Consultants and other industry analysts.
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The Port of Los Angeles (POLA) marked a year of sharp contrasts at its annual State of the Port event, revealing strong cargo performance alongside major operational challenges, including a high-profile vessel fire late in 2025.
Held at the AltaSea waterfront venue in San Pedro, the event was co-hosted with the Pacific Merchant Shipping Association (PMSA) and drew around 930 representatives from labor unions, government, and the maritime business community. The gathering was led by POLA Executive Director Gene Seroka, with opening remarks from Los Angeles Mayor Karen Bass.
The 8,212 TEU container vessel ONE Henry Hudson has begun a cautious Pacific crossing toward Asia for repairs, nearly two months after a serious onboard fire while the ship was berthed at Yusen Container Terminal in the Port of Los Angeles.
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European governments including Germany, the United Kingdom and Denmark are set to reaffirm their commitment to large-scale wind power expansion, even as US President Donald Trump escalates criticism of Europe’s green energy policies. A draft declaration to be signed by leaders highlights a strong push to accelerate offshore wind development across the region.
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A rescue operation is ongoing after a merchant vessel collided with a fishing boat off Manora Beach in the early hours of Friday, leaving four fishermen missing while seven others were safely rescued.
According to South Deputy Inspector General (DIG) Syed Asad Raza, the incident occurred at around 2am in a channel managed by the Karachi Port Trust (KPT). A civil fishing boat identified as Al-Shahbaz was struck by a merchant vessel named Kang Huan.
The Kingfish Company, a land-based yellowtail kingfish producer, has confirmed it has begun discussions with stakeholders over its financing arrangements after reporting slower revenue growth in the fourth quarter of 2025.
For the period ending December 31, 2025, the company posted €8.5 million ($9.2 million) in revenue, marking a 14% year-on-year increase. On a like-for-like basis, excluding fresh fish sales in the United States, revenue growth stood higher at 21%.
Paris, France –French authorities have seized an oil tanker in the Mediterranean suspected of being part of Russia’s sanction-evading “shadow fleet.” The vessel, named Grinch, is reportedly subject to international sanctions and is suspected of flying a false flag, according to French President Emmanuel Macron.
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Two Filipino sailors have died and one remains critically injured after the Singapore-flagged cargo vessel M/V Devon Bay capsized in the South China Sea on Friday, January 23, leaving four crew members still missing.
The M/V Devon Bay, carrying 21 Filipino sailors and a cargo of iron ore, sank within the Philippines’ exclusive economic zone but outside its territorial waters. The vessel had departed from Gutalac in Zamboanga del Sur province and was bound for Yangjiang, China.
London— The twelfth session of the IMO Sub-Committee on Ship Design and Construction (SDC 12), held from 19 to 23 January 2026, concluded with significant progress on ship safety, environmental protection, and regulatory modernization, according to the address delivered by IMO Secretary-General Mr. Arsenio Dominguez.
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US President Donald Trump made a surprise appearance at the White House briefing room on Tuesday, just before departing for the World Economic Forum in Davos, Switzerland, raising eyebrows with cryptic remarks about Greenland.
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ISLAMABAD – Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry highlighted the critical role of advanced space-based monitoring systems in enhancing maritime safety, environmental protection, and port expansion in Pakistan.
During his historic visit to the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) headquarters, the first-ever by a maritime affairs minister, Chaudhry emphasized the strategic use of satellite technology to improve maritime management and environmental response.
Pakistan has recently partnered with China on a major long-term fisheries research program. Following Russia’s earlier involvement in African fisheries, China confirmed last week its support for the Pakistani research vessel Behr Masah, built in China in 2019, to study the country’s marine environment year-round.
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Jiangnan Shipyard has secured newbuilding contracts for a total of 16 vessels through three separate agreements finalized in the first half of January 2026, underlining strong global demand for gas-capable and dual-fuel ships. The orders span ammonia carriers, LNG carriers and large container vessels, according to statements released by the Chinese shipbuilder.
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CMA CGM, together with its OCEAN Alliance partners COSCO Shipping, Evergreen, and OOCL, has unveiled the new OCEAN Alliance “DAY 10 Product”, reinforcing the world’s largest operational maritime network as the alliance completes a decade of cooperation. The announcement was made during The Convention between Carriers and Ports for OCEAN Alliance, held from January 20 to 21, 2026.
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Container shipping kicked off 2026 in a fragile equilibrium, with global freight rates showing limited weekly variations across major trade routes. However, growing geopolitical tensions, particularly from the United States, threaten to disrupt this balance between supply and demand.
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