Wind propulsion specialist bound4blue has completed the second installation of its suction sail system for Maersk Tankers, fitting four 24-meter eSAIL units on the Maersk Tahiti at a shipyard in China.The installation forms part of a broader agreement to equip five medium-range tankers with a total of 20 units, the company’s largest single contract to date.
Navantia UK has appointed Balloo Hire Centre, part of the Briggs Group, as its preferred hire equipment supplier for the Fleet Solid Support (FSS) program at its Harland & Wolff shipyard, building on a series of recent contracts with local suppliers.Balloo Hire Center, a long-standing partner to the Belfast yard
Cool Carriers, the world’s largest operator of specialized reefer vessels, reports strong results despite a sharp downturn in demand for its Chilean subsidiary for the 2025/26 Summer season, from 1 October 2025 to 31 March 2026.Despite a sharp downturn in demand for imported fruits in the United States, Cool Carriers Chile moved 260,000 pallets of cherries, blueberries, grapes
The Northwest Seaport Alliance (NWSA) reports that February 2026 total container volume (international and domestic) reached 207,725 TEUs, down 19.4% compared to February 2025, when shippers were frontloading cargo ahead of expected tariffs.While full imports decreased 29.5%, full exports were up 4.9%. YTD volumes at 435,890 TEUs are down 16.6%, with full imports declining 22.
“Inflation is on the rise again, plate prices are collapsing in the wrong places, all while the U.S. dollar continues to rummage through the wreckage of 2025 for whatever it can suck out of ship-recycling currencies and both freight rates and oil futures tumble in unison,” reports cash buyer GMS, “just within the span of week 50.
December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.