Maritime Current News

Insights, Updates, and Maritime Intelligence

Tuesday, February 17, 2026

Maritime Current News

Insights, Updates, and Maritime Intelligence

Tuesday, February 17, 2026

Ports and Shipping

This category covers the latest developments in the ports and shipping sector, including maritime transport, vessel charters, shipping agreements, port operations, and logistics. It features news on commercial shipping activities, low-carbon and alternative fuel vessels, global trade movements, and strategic partnerships shaping the maritime industry. The section highlights how ports and shipping contribute to international trade, energy transport, and the transition toward sustainable and efficient maritime operations.

VOC Port, Tamil Nadu Government Join Hands to Launch Mega Shipbuilding Hub at Tuticorin
Ports and Shipping
Maritime Current News

VOC Port, Tamil Nadu Government Join Hands to Launch Mega Shipbuilding Hub at Tuticorin

V.O. Chidambaranar Port Authority (VOC Port) and the Tamil Nadu government have teamed up to create a large-scale shipbuilding and heavy industries hub in Tuticorin (Thoothukudi), marking a major boost for India’s domestic maritime manufacturing sector.
The partnership has been formalized through a special purpose vehicle (SPV) named National Shipbuilding & Heavy Industries Park, Tamil Nadu, structured as a 50:50 joint venture between VOC Port and the State Industries Promotion Corporation of Tamil Nadu (SIPCOT).

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CONCOR Reports Steady Q3 Financial Performance, Declares 3rd Interim Dividend
Ports and Shipping
Maritime Current News

CONCOR Reports Steady Q3 Financial Performance, Declares 3rd Interim Dividend

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.

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Shipping giant Maersk to take over Panama Canal ports after court ruling
Ports and Shipping
Maritime Current News

Maersk to Temporarily Manage Panama Canal Ports Following Court Decision

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.

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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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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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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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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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HMM Sets Global Record with Delivery of 10,800-CEU Mega Car Carrier
Ports and Shipping
Maritime Current News

HMM Sets Global Record with Delivery of 10,800-CEU Mega Car Carrier

South Korean shipping giant HMM has taken delivery of the world’s largest pure car and truck carrier (PCTC), marking a new milestone in the rapid evolution of global car shipping. Built by Guangzhou Shipyard International (GSI), a subsidiary of China State Shipbuilding Corporation (CSSC), the vessel is capable of carrying 10,800 car equivalent units (CEU), the largest capacity ever recorded for a car carrier.

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Meriaura Signs Contract for 6,800-DWT Open Deck Carrier in China
Ports and Shipping
Maritime Current News

Meriaura Signs Contract for 6,800-DWT Open Deck Carrier in China

Finnish shortsea shipping company Meriaura has taken another step in its fleet renewal programme by signing a contract to build a new open deck carrier in China, reinforcing its long-term focus on specialised shortsea operations.
The company confirmed that the 6,800 dwt vessel will be constructed at Jiangsu Zhenjiang Shipyard and is scheduled for delivery in early 2028. The newbuild will measure 120 metres in length and will be built to 1A ice class with DP2 notation, supporting Meriaura’s strategy of maintaining year-round operability in northern and ice-prone waters.

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