French PE Firm Antin Buys US Ship Repair Giant Vigor
Kiyaan Singh
Vigor Marine Group, one of the most critical names in US ship repair, has a new owner. French private equity firm Antin Infrastructure Partners has reached an agreement to buy…
2026
Transpetro Orders 4 Methanol-Ready Tankers with Kongsberg
Kongsberg Maritime will design and equip four methanol/ethanol-ready handy-size tankers for Transpetro. The vessels will be built by Consorcio Marenova in Rio Grande and Niteroi, Brazil. Around $31M contract covers…
Construction Begins on $130M Hobart Wharf to Solve Nuyina Refueling Crisis
Australia is finally building a proper “driveway” for its flagship Antarctic icebreaker, the RSV Nuyina. Following a funding agreement of US$130.6 million from the federal government, work has officially commenced…
CMA CGM to Launch Electric Container Barge Service on Rhone River
CMA CGM is pushing forward with a plan to decarbonize the corridor between Marseille-Fos and Lyon. The shipping giant has announced a new electric container barge service on the Rhone…
Tallink Swaps LNG for Liquefied Biomethane: Aiming for 100% Green Transport
Tallink’s shuttle ships on the busy Tallinn Helsinki route are making a rapid shift toward cleaner fuel. The company recently reported that in January, 74% of the fuel used by…
Sallaum Lines Takes Delivery of LNG-Fueled PCTC ‘Ocean Legacy’
Global RoRo operator Sallaum Lines has officially taken delivery of the MV Ocean Legacy. This new Pure Car and Truck Carrier (PCTC) is the latest addition to the company’s “Ocean…
GenLogs Raises $60M Series B to Combat Cargo Theft with AI Sensors
GenLogs, a startup tackling the massive issue of cargo theft and fraud, has secured $60 million in Series B funding. The round was led by Battery Ventures, bringing the company’s…
Valenciaport Launches ‘CustomAI’ Project to Speed Up Border Inspections
Fundacion Valenciaport has launched CustomAI, a new initiative designed to upgrade how customs inspections work. In collaboration with the Spanish Tax Agency (AEAT), the Guardia Civil, and 18 other European…
China – World’s No. 1 Shipbuilder with Record 2025 Order Book
For the 16th consecutive year, China has retained its title as the world’s leading shipbuilding nation. New figures released by the Ministry of Industry and Information Technology mentions the country…
Maersk to Cut 1,000 Corporate Jobs Amid Freight Rate Slump
Maersk confirmed on Thursday that it will lay off 1,000 corporate employees. The move is a direct response to deteriorating freight rates and the “gradual reopening” of Red Sea routes,…