Latest updates, trends, and insights from the maritime world.

Container Rates Stall as Capacity Glut Offsets Hormuz Shock

Container spot freight rates on the main east-west trades largely flatlined this week as excess capacity and uneven demand failed to further spur recent pricing increases by carriers.

French and Japanese-Owned Ships Make First Hormuz Crossings

By Weilun Soon and Samy Adghirni (Bloomberg) — A French container ship and a Japanese-owned tanker have crossed the Strait of Hormuz, in what appear to be the first such transits...

Competing Strategies Emerge for Opening the Strait of Hormuz

Explainer: Behind China’s detention doctrine against Panama

China isn’t running a pressure campaign against Panama but it’s underwriting its entire global port portfolio. The post Explainer: Behind China’s detention doctrine against Panama appeared first on Container News.

Sweden Detains Third Shadow Fleet Vessel in a Month

Trump’s 2027 War Department Budget Plan Could Exceed $1.5 Trillion

By Erik Wasson and Gregory Korte (Bloomberg) President Donald Trump is preparing to release a fiscal year 2027 budget plan on Friday that will frame his party’s midterm election message around...

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC's XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt. The post BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life appeared first on Offshore Energy.

First Japanese LNG Carrier Passes Through Hormuz Since Iran Conflict Began

A Japanese-linked liquefied natural gas (LNG) carrier has successfully transited the Strait of Hormuz, marking the first such passage by a Japan-affiliated vessel since the waterway was effectively shut by conflict in the region, its operator said on Friday.

Port of NY/NJ redesign duty free and specialty retail concessions

The Port Authority of New York and New Jersey and JFKIAT, the operator of Terminal 4 at John F. Kennedy International Airport, have selected JFK T4 Retail Partners LLC to redesign and operate duty free and specialty retail concessions at the terminal. The partnership brings together ARI, a global travel retail operator active across 12 […] The post Port of NY/NJ redesign duty free and specialty retail concessions appeared first on Container News.

Who controls the Gulf’s landbridges?

Wolfgang Lehmacher ponders whether Middle East multimodal shift inland is permanent. The day AIS tracks over the Strait of Hormuz reduced to a trickle, the desert lit up. Trucks rolled out of Salalah and Sohar, trains assembled in Saudi yards, and boxes previously bound for Jebel Ali were rerouted through Jeddah, Omani ports, and inland …

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil. The post Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil appeared first on Offshore Energy.

Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin

Norway’s Shearwater GeoServices and Australia-headquartered Searcher have completed this season’s multi-client 3D seismic acquisition […] The post Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin appeared first on Offshore Energy.

Hapag-Lloyd increases stake in JM Baxi

Hapag-Lloyd has officially increased its ownership in JM Baxi Ports & Logistics to 50%. This marks a significant rise from its original 35% stake acquired in early 2023. A series of capital injections facilitated this growth, first moving the share to 40% and most recently adding the final 10% to reach the halfway mark, according […] The post Hapag-Lloyd increases stake in JM Baxi appeared first on Container News.

Container shipping profits reach $15.4bn in 2025

Container shipping profits reach $15.4bn in 2025  Port Technology

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors. The post Ventura Offshore scores multimillion-dollar rig extensions with Petrobras appeared first on Offshore Energy.

Iran Strikes Gulf Energy Sites as Trump Warns of Further Attacks

Iran targeted more sites in Arab Gulf states overnight and into Friday, hours after US President Donald Trump issued fresh threats against Iranian infrastructure to pressure Tehran to start peace negotiations.

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has struck a multi-year liquefied natural gas (LNG) supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, which is developing an LNG export terminal in Guaymas, Sonora, on Mexico’s West Coast. The post Another 20-year LNG offtake lands in Mexican project’s bag appeared first on Offshore Energy.

Sweden Seizes Sanctioned Oil Tanker Suspected of Being Source of Spill

The Swedish Coast Guard said on Friday it had seized an oil tanker in the Baltic Sea that is believed to be part of the Russian shadow fleet and suspected to be the source of a 12 km oil spill off the island of Gotland.