Marine News

1. OOCL earnings plunge 40% on Trump's tariff war

   The Hong Kong-based shipping line expects several challenging years ahead, marked by structural overcapacity and increased competition.

2. Status check after two weeks of war: Global shipping tossed into turmoil

   While missiles have struck several of the more than 1,000 ships stranded in the Persian Gulf, freight, insurance, and fuel prices have skyrocketed. ShippingWatch takes stock of two weeks of war.

3. DSV saw the sharpest decline in efficiency among its peers

   Although DSV saw the sharpest decline, the world’s largest logistics company was twice as efficient as its closest rivals, according to a new report.

4. Sovcomflot reports deficit amid “illegally imposed sanctions”

   Russia’s largest shipping company reported loss amid international sanctions - sanctions which the US now plans to lift until April 11.

5. Scan Global cut costs to "deliver on" market promises in volatile times

   ”We’ve stepped in to ensure that we, as a company, can deliver on what we’ve promised the market,” says CFO regarding Scan Global’s cost-cutting measures in 2025. 

6. Opinion: Shipping lines face a host of unknowns following the Iran conflict

   The overall impact of the blockade of the Strait of Hormuz on container ships will be less severe than the Red Sea crisis, but several unknown factors add to the uncertainty, writes Lars Jensen.

7. CMA CGM ships appear to be heading for the Red Sea

   The French container carrier was also the first to return to these waters when the Houthi attacks on merchant ships subsided.

8. Freight customers find it “notoriously difficult” to see transparency in new fees

   War and unrest in the Middle East are sending shock waves through the freight market. Small businesses are experiencing rising prices for fuel, insurance, and transport.

9. Container rates continue to rise due to war in the Middle East

   Freight rates on containers shipped from Shanghai to various global destinations are rising steadily due to the crisis in the Middle East, which is reducing capacity in the market.

10. War-related surcharges trigger growing unrest among carriers' customers

    Some fees are seen as reasonable, while others are called remnants of the lucrative pandemic years. However, Hapag-Lloyd and Maersk are trying to address possible fuel shortages, show reports. 

11. Former Dan-Bunkering execs consider legal options after US verdict

    The partial ruling by a US court is an expression of legal technicality rather than a judgment based on the evidence, according to the lawyer representing the two former executives of Dan-Bunkering.

12. Marine fuel shortage could end up easing shipping lines' biggest headache

    If the war in the Middle East drags on, it could result in such high rate increases that shipping companies will profit from it, say analysts.

13. Odfjell relies on advanced tech and in-house crew management to navigate Hormuz crisis

    The chemical carrier has three ships locked in the Persian Gulf. Chief exec Harald Fotland says that currently personel and asset safety are top priorities.

14. Maersk struggling with its bunker logistics while Hapag-Lloyd is in the clear for now

    ONE is also experiencing problems, while Hapag-Lloyd reports that it has not had any problems procuring fuel outside the Middle East for the time being.

15. Shippers look to the skies after Hormuz blockade though space is scarce

    ”Customers have once again adopted a wait-and-see approach”, says MSC’s head of air freight, Jannie Davel, who has to navigate a complex market with the Hormuz blockade and Trump’s tariffs.