Contracts News


Legal Action Taken Following Spiridon II Livestock Deaths

Mar 25, 2026

Following the deaths of hundreds on cattle on the livestock carrier Spiridon II last year, Animal Welfare Foundation reports that Turkish importers are taking legal action against the livestock dealer.The Spiridon II was stranded off the Turkish…

Aker Solutions Wins FEED Contract for Lithuania CO₂ Terminal

Mar 22, 2026

Aker Solutions has been awarded a front-end engineering and design (FEED) contract by KN Energies to support the development of the company’s CO₂ transshipment terminal infrastructure project in Klaipėda, Lithuania.The project forms part of the CCS Baltic Consortium…

Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet

Mar 19, 2026

Lloyd’s Register (LR) has signed a new contract with long-standing partner Echo Marine Group to support the delivery of Western Australia’s first fully electric passenger ferries - marking a major milestone for sustainable public transport in Australia…

CK Hutchison Says Panama Missed Arbitration Response Deadline

Mar 16, 2026

Panama Ports Company (PPC), a unit of Hong Kong conglomerate CK Hutchison 0001.HK, said on Monday that the Panamanian government failed to file its response by the March 13 deadline in an international arbitration brought by the company.PPC…

Six Vessels Attacked as War Puts Merchant Ships on Front Lines

Mar 12, 2026

Explosive-laden Iranian boats appear to have attacked two fuel tankers in Iraqi waters, setting them ablaze and killing one crew member on Wednesday, after projectiles struck four vessels in Gulf waters, said port, maritime security and risk firms…

FMC Issues Warning on Strait of Hormuz Surcharges

Mar 11, 2026

The Federal Maritime Commission (FMC) has issued a statement saying it is closely monitoring the impact the current conflict in the Middle East is having on shipping conditions through the Strait of Hormuz.Under its statutory authority, the Commission ensures that rates…

Report: COSCO Shipping Suspends Operations at Panama's Balboa Port

Mar 10, 2026

China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa…

Ports Welcome EU Strategy with Some Reservations

Mar 08, 2026

The European Commission launched its EU Ports Strategy on March 4, and Europe’s ports have welcome it, saying it recognizes the vital role ports are playing for Europe’s economy and society.“The EU Ports Strategy is based on a good understanding of what ports are…

Torvald Klaveness 1946–1956: Celebrating 80 Years

Mar 04, 2026

In 2026, Torvald Klaveness marks 80 years in shipping. Over eight decades, the company has grown from a small post-war enterprise into an international group spanning physical shipping, freight trading and digital services. Much has evolved…

Current News

Russian Oil Producers Threaten Force Majeure Over Baltic Port Attacks

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Hapag-Lloyd Earnings Down from Last Year

Transneft Looks to Redirect Oil From Attacked Baltic Ports

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