Maritime News
Latest updates from the maritime industry
2501 articles found
Gulf Oil Sector Contributes $561 Billion to Regional Economy
The oil sector in the Gulf region contributed $561.2 billion to the economy in 2024, accounting for 24% of gross domestic product.
By MGN Editorial
Houston Port Cuts Free Time for Reefer Imports as Dwell Times Rise
The Port of Houston has reduced free time for reefer container imports as the port grapples with growing volumes and longer dwell times.
By MGN Editorial
Port Houston Sees 4% Tonnage Increase as Reefer Free Time Cut
Port Houston reports a 4% rise in tonnage as officials implement new rules to speed up the movement of refrigerated cargo.
By MGN Editorial
Carbon Fiber Composites Market Projected to Grow 8.55% Annually
The global carbon fiber and composites market is expected to reach $45.65 billion by 2032, driven by increasing demand across industries including maritime.
By MGN Editorial
Hull Street Energy Expands Power Portfolio with Peaking Plant Acquisition
Hull Street Energy has agreed to acquire two natural gas peaking plants in the PJM power market, expanding its Milepost Power portfolio.
By MGN Editorial
Trump Administration Expands Pacific Seabed Mining Area
The U.S. Bureau of Ocean Energy Management has advanced the next phase of potential offshore mineral leasing near the Commonwealth of the Northern Mariana Islands, expanding the area under consideration.
By MGN Editorial
Pelican International Acquires KL Outdoor, Strengthening North American Paddlesports Leadership
Pelican International, a leading paddlesports manufacturer, has acquired KL Outdoor to consolidate its position as North America's top paddlesports platform.
By MGN Editorial
Marathon Petroleum and MPLX Report Q1 2026 Results
Marathon Petroleum and its midstream subsidiary MPLX LP announce upcoming Q1 2026 earnings calls, providing updates on financial performance for the quarter.
By MGN Editorial
FMC Rejects Carrier Requests to Waive Surcharge Waiting Period
The U.S. Federal Maritime Commission has denied requests from major container lines to waive the 30-day notice period for implementing Middle East surcharges.
By MGN Editorial
Global Smart Packaging Market Projected to Reach $38 Billion by 2032
The global smart packaging market is expected to grow at a CAGR of 7.39% over the next decade, driven by increasing demand for enhanced product tracking and monitoring capabilities.
By MGN Editorial
Bahrain Pushes for UN Mandate to Protect Strait of Hormuz Shipping
Bahrain has proposed a UN Security Council resolution to authorize the use of force to protect commercial shipping in the Strait of Hormuz, a critical global trade chokepoint.
By MGN Editorial
Maritime Industry Briefing: China Inflation, Russia's LNG Fleet, and Shipping Market Moves
A roundup of recent news on China's economic outlook, Russia's expanding 'dark fleet' of LNG carriers, and the latest developments in the shipping markets.
By MGN Editorial
ILO Maritime Labour Convention Updates and Middle East Energy Disruptions
A roundup of recent maritime news, including crucial updates to the ILO Maritime Labour Convention guidelines and the impact of Middle East energy disruptions on Germany's economy.
By MGN Editorial
Organized Rail Cargo Theft Plagues Mojave Desert
Massive organized theft rings are stealing millions in cargo from slow-moving trains in the Mojave Desert, exposing vulnerabilities in rail security.
By MGN Editorial
MSC Expands Tanker Footprint With Sinokor Acquisition
Mediterranean Shipping Company is formalizing a strategic partnership with South Korean tanker operator Sinokor Maritime, expanding its presence in the tanker market.
By MGN Editorial
Ammonium Nitrate Demand Drives Growth in Global Market
The global ammonium nitrate market is projected to grow at a CAGR of 4.36% to reach 58.19 million tons by 2031, driven by rising demand from fertilizer and mining applications.
By MGN Editorial
Eni Unveils FIDs for Two Deepwater Gas Hubs in Southeast Asia
Italian energy giant Eni has taken final investment decisions for two major gas projects off the coast of Indonesia, strengthening domestic supply and LNG exports in the region.
By MGN Editorial
Prologis Forms $1.6B Joint Venture for Logistics Facilities
Logistics REIT Prologis announced a new $1.6 billion joint venture to develop build-to-suit facilities in the U.S.
By MGN Editorial
Truckload Volumes and Spot Rates Surge to Multi-Year Highs
The U.S. truckload spot market has reached new cycle highs, with volumes holding firm at multi-year peaks not seen since late 2022.
By MGN Editorial
ThayerMahan Launches Non-Kinetic UUV Defeat System for Port Security
ThayerMahan has unveiled a new mission-ready non-kinetic system to defend ports and maritime infrastructure against unmanned underwater vehicle threats.
By MGN Editorial