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From
Mike Schuler
via
gCaptain
CK Hutchison Escalates Legal Battle Over Panama Ports Ruling
Hong Kong-based CK Hutchison has escalated a legal fight over its Panama Canal port concessions, triggering treaty arbitration and raising uncertainty over operations at the Balboa and Cristobal terminals as Panama advances plans for a forced transition.

From
Mike Schuler
via
gCaptain
HMM Remains Profitable in 2025 Despite Global Freight Rate Collapse
South Korea’s HMM managed to stay in the black through a bruising 2025 for container shipping, posting a 13.4% operating margin even as freight rates collapsed across major trade lanes and several global rivals slipped into losses.

From
Mike Schuler
via
gCaptain
Container Rates Slide for Fifth Week as Lunar New Year Demand Disappoints
Global container shipping rates fell for a fifth consecutive week as the usual pre-Lunar New Year cargo surge failed to materialize, prompting carriers to ramp up blank sailings across major trade lanes.

From
Bloomberg
via
gCaptain
Gas-Hungry Europe to Get Rare LNG Shipment Reloaded From China
A liquefied natural gas shipment reloaded from China — the world’s top buyer of the fuel — is heading to Europe, a rare move that highlights the continent’s push to refill dwindling inventories.

From
Reuters
via
gCaptain
Two US Navy Ships Collide, No Major Injuries, US Southern Command Says
A U.S. warship and a Navy supply vessel collided during refueling Wednesday afternoon, the U.S. Southern Command told Reuters in an emailed statement on Thursday.

From
Bloomberg
via
gCaptain
U.S. Warns Peru is ‘Losing Sovereignty’ Over Chinese-Owned Chancay Port
The Trump administration warned that Peru is losing sovereignty over a Chinese-owned port near its capital city, after a local judge ruled that the port is exempt from some regulatory oversight.

From
Bloomberg
via
gCaptain
NATO Launches Arctic Mission After Trump’s Greenland Threats
NATO will bolster its Arctic presence with a new mission after US President Donald Trump triggered an alliance crisis over his attempts to take Greenland.

From
Mike Schuler
via
gCaptain
Saltchuk Expands Maritime Portfolio with $1.5 Billion Great Lakes Dredge & Dock Acquisition
Seattle-based Saltchuk has agreed to acquire Great Lakes Dredge & Dock, the largest dredging contractor in the United States, in a $1.5 billion all-cash deal that will keep the 136-year-old company operating as a standalone business while expanding Saltchuk’s maritime footprint.

From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...

From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.

From
Reuters
via
gCaptain
The US Navy is Building a Drone Fleet to Take on China. It’s Not Going Well.
During a U.S. naval test off the California coast last month, which was designed to showcase the Pentagon’s top autonomous drone boats, one vessel stalled unexpectedly.

From
Mike Schuler
via
gCaptain
Golden Ocean Shareholders Approve Merger with CMB.TECH, Creating Maritime Giant
Shareholders of Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) have approved the stock-for-stock merger with CMB.TECH at a Special General Meeting held today in Hamilton, Bermuda....