$186m FMC claim: Samsung takes CMA CGM to the wall
Samsung Electronics America files FMC complaint over 121,000 disputed charges from 2020 onwards.
Business
Business news maritime ports
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Business
AP Moller Capital Bets $2bn on Global Ports—Here’s the Play
Singapore’s Portek, with 7 terminals across 3 continents, joins the Danish fund’s $2bn infrastructure push.
Business
Icon Energy bets $12m on boxships: why a dry bulk owner is switching lanes
Greek owner takes 2.8% stake in 1,800 teu feeder chartered at $24,750 per day until 2028.
Business
Sikh Truckers Fight US Rule That Could Sideline Thousands Over English
FMCSA’s proposed English proficiency rule draws 2,200 comments, with Sikh Coalition warning of discrimination risks
Business
Volvo’s 540-hp VNX: The vocational truck set
Volvo Trucks North America unveils its 540-horsepower VNX, targeting a 25% vocational segment where it currently holds.
Business
UPS’s parcel pivot: Trojan horse or $8bn bet on premium logistics?
UPS shifts focus to premium services, phasing out 50% of Amazon business amid looming Teamsters strike.
Business
China P&I bids for seat at global marine insurance high table
China’s largest P&I club formally applies to join the 12-member International Group.
Business
Austal’s $1.35bn US Sale Hangs on Rival Bids and Tax Hurdles
Austal confirms commercial talks with Hanwha Defense USA and Wildcat Infrastructure.
Business
Pyxis buys out CEO’s stake in ultramax bulker for $6.8m—here’s why
Greek owner Pyxis Tankers takes full control of the 63,250 dwt Konkar Ormi in a deal valuing the vessel at $32m.
Business
Cruise Industry Gets a Sharp New Watchdog—Meet Splash Cruise
New platform from Splash Maritime Group strips away the gloss to focus on fleet economics.
Business
$1bn Loan Fuels Global Ship Lease’s 15-Vessel Expansion: What It Means
Global Ship Lease secures a seven-year $1 billion loan at 1.5% above SOFR to finance 15 new containerships.
