Ongoing fleet renewal by niche player Cool Carriers indicates continuing competitiveness at scale of the specialized, pallet-optimized reefership.Not so long ago, it seemed that the unrelenting march of containerization and ever-widening influence of the powerful ocean container line entities would finally usurp the conventional, breakbulk refrigerated cargo vessel.
Ocean Network Express (ONE) reported a profitable first quarter for fiscal 2026, overcoming higher fuel costs and geopolitical disruptions through strong cargo demand, disciplined capacity management and rising freight rates, while continuing to invest in fleet modernization under its long-term ONE2030 strategy.
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested. From ship tracking data to freight rates, the signals are clear: owners and charterers are moving early to position vessels for a return to Gulf exports.
Since the Iranian Revolution and overthrow of Shah Mohammad Reza Pahlavi in 1979, the Strait of Hormuz has been a geographic constant as a choke point for which closure has been threatened from time to time but never truly closed. The longstanding assumption of the continued openness of the strait collapsed on February 28, 2026.
The U.S. Coast Guard commissioned its newest Fast Response Cutter, USCGC Vincent Danz (WPC 1162), for official entry into its service fleet during a ceremony held in New York City on Friday.The Vice Commandant of the Coast Guard, Vice Adm. Thomas Allan, presided over the ceremony. Members of the Danz family were also in attendance, including the cutter's sponsor, Angela Donohue
"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.
Iran attacked a fully-loaded crude oil tanker at Dubai Port's anchorage on Monday, setting it ablaze and damaging its hull, Kuwait's state news agency reported, citing Kuwait Petroleum Corp, which warned of a possible oil spill.The apparent strike is just the latest in a string of assaults on merchant vessels by missiles or explosive air and sea drones in the Gulf and Strait of Hormuz since the U.
Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire "might take time", without providing further details.
The CMA CGM Group recently received its 400th owned vessel, the CMA CGM Monte Cristo, the first in a series of six methanol container ships.This key milestone reflects the Group’s long-term investment strategy, built on asset ownership and the integration of advanced technologies to enhance the environmental and operational performance of its fleet.
Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The first vessel to complete a full service loop via Suez Canal will be CMA CGM Verdi, sailing from Karachi to New York on 15 January.
Firefighters and federal authorities continued working Saturday to contain a hazardous-materials fire aboard the container ship ONE Henry Hudson after an explosion and onboard fire forced the evacuation of all crew members at the Port of Los Angeles, according to the Los Angeles Fire Department (LAFD) and port officials. By 6:30pm local time, the fire had been substantially contained.
U.S. forces hit another vessel allegedly carrying illegal drugs off the coast of Venezuela on Saturday evening, U.S. President Donald Trump said on Sunday, adding that the U.S. would also start looking at drug trafficking occurring on land.Trump made the comment during a speech at Naval Station Norfolk, next to the Harry S. Truman aircraft carrier.