Marine News

1. Hapag-Lloyd warns of increasing waiting times in North China ports

   Spot rates for trans-Pacific container freight from China to the US have increased and will rise further in the coming weeks, analysts expect.

2. UK port operator looks to expand Tilbury site

   Forth Ports has submitted its proposal to the local council to build a new port and storage area at the site close to London.

3. Fickle politics and conflicts stymie project cargo

   Delivering heavy cargo now takes more effort from shipping companies and freight forwarders compared to previously, says shipper.

4. Container shipping companies' customers enter into ordering frenzy

   Hapag-Lloyd’s CEO Rolf Habben Jansen estimates a 50% increase in bookings in recent days.

5. Hamburg port operator growing steadily again

   The increase is partly due to the transportation of containers by rail.

6. Dry bulk ship recycling falls to 17-year low

   Recycling of dry bulk dropped despite weak freight rates, which usually lead shipping companies to buy older ships. Uncertain demand is holding shipping companies back, according to Bimco.

7. Singapore's PIL bags a significantly better result in 2024

   The container shipping company headed by CEO Lars Kastrup saw a ten per cent increase in volumes last year.

8. Hapag-Lloyd, like Maersk, expects to avoid port fees in the US

   Last week, competitor Maersk announced that it does not expect to pay a single penny extra when fees take effect.

9. Hafnia boss upbeat on 2025 after weakest quarter in three years

   While shorter trips dragged the tanker operator’s net profit in the first quarter, better times are on the horizon with increased oil production and rising rates.

10. Pollution incident reported at UK's largest container port

    Soot escaped from a vessel at Port of Felixstowe. Any pollution of water should disperse naturally according to the East Suffolk council.

11. Navigator Gas plans big share buyback after outperforming earnings guidance

    Q1 went well for the New York-listed shipping company, with profits growing by more than 12%, prompting the board to approve a USD 50m share buyback.

12. Denmark to be world's first to pilot ships remote from shore

    The head of the Danish pilotage company DanPilot calls it a potential game changer. Maersk is among the shipping companies involved in the test phase.

13. Okeanis Eco Tankers profits downsized after last years exeptionally high rates

    Greek newspaper claims last years’ incredible high time chartering rates were due to the transportation of Russian crude oil.

14. West P&I reports financial resilience despite challenging times

    The London-based insurer indicates strategy of regional growth and product development is paying off. 

15. Carriers reroute in response to India-Pakistan dispute

    The political tensions between the two countries are causing French shipping company CMA CGM and others to divert several routes to Sri Lanka.