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15 March 2025
Port Technology Internationalport-and-ship
Mar 15, 2025Port Technology International
According to the latest statement from Triton, the transaction is subject to standard closing conditions, including regulatory approval, and is anticipated to close in the first half of 2025.
GCI is a marine container leasing company based in Bermuda, with operations around the world. The company operates a fleet of approximately 500,000 TEUs, serving many of the largest shipping lines globally.
Brian Sondey, Triton’s Chief Executive Officer commented: “The GCI team has created an impressive business with a well-structured long-term lease portfolio.
“This acquisition is an excellent strategic fit for Triton that will allow us to lock in meaningful container fleet growth. We are confident that this transaction will strengthen our ability to offer best-in-class service and support to our customers.”
In 2023, Brookfield Infrastructure Partners is acquiring Triton International Limited for approximately $4.7 billion in cash and stock, valuing the container-leasing company’s equity at $13.3 billion.
In other maritime news, the Chinese government recently reposted content criticising the port deal between CK Hutchison and US firm BlackRock, calling it a ‘betrayal of China’. According to Reuters, the commentary led to a 6.38 per cent drop in shares of the Hong Kong-based multinational on 14 March.
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Hd Korea Shipbuilding & Offshore Engineering Wins Two Lng Carrier Orders Worth 741.2 Billion Wonin Shipbuilding News
19/11/2025
HD Korea Shipbuilding & Offshore Engineering, the intermediate shipbuilding holding company of HD Hyundai, said on the 18th that it signed a construction contract with a shipowner in North America for two liquefied natural gas (LNG) carriers.
The total order value is 741.2 billion won, and the vessels will be built by HD Hyundai Samho and delivered sequentially by the second half of 2028.
Including this order, HD Korea Shipbuilding & Offshore Engineering has won a total of 104 ships ($14.24 billion), achieving 78.9% of its annual target ($18.05 billion).
By ship type, the orders are seven LNG carriers, six LNG bunkering vessels, nine liquefied petroleum gas (LPG) and ammonia carriers, two ethane carriers, 61 container ships, 16 tankers, and three PC ships.
Source: CHOSUNBIZ
Hellenic Shipping News
port & ship
20 November 20251 min readHd Korea Shipbuilding & Offshore Engineering Wins Two Lng Carrier Orders Worth 741.2 Billion Won
Hellenic Shipping News
20 November 2025
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Apm Terminals Invests $550M In Bangladesh Container TerminalA digital representation of the terminal as it is projected to look when completed in 2030.
A concession agreement for the development of the Laldia Container Terminal in Chattogram, Bangladesh, has been signed between the Chittagong Port Authority (CPA) and APM Terminals, part of Danish shipping conglomerate A.P. Moller-Maersk, together with local partner QNS Container Services Ltd.
APM Terminals states that the concession agreement will allow the company to operate the terminal for a period of 30 years, which can be extended based on KPIs (key performance indicators).
The Laldia Container Terminal will be fully designed, financed, built and operated by the investors as a first-of-its-kind model for Bangladesh’s port infrastructure, and the project represents an investment exceeding $550m, making it one of the largest Public Private Partnership (PPP) investments in the country’s history.
The project is part of the Sustainable Green Framework Engagement between Denmark and Bangladesh, a bilateral initiative aimed at fostering green investment, job creation and sustainable economic relations.
Once operational in 2030, the terminal will expand Bangladesh’s annual port handling capacity by over 800,000 TEUs (twenty-feet equivalent units), improving the country’s global trade efficiency and connectivity, thereby helping the key engines of Bangladesh’s export economy such as textiles, apparel and manufacturing reach their import markets around the world.
The new deep-water facility will, over time, allow the Port of Chattogram to handle vessels potentially up to 6,000 TEU, compared to the current limit of 2,800 TEU, and the terminal is expected to generate over 1,000 jobs during construction and more than 500 when in operation.
“It is with great honour that we enter this agreement with Bangladesh, which underscores the great potential that this important market has. This greenfield project enables us to play an active role in supporting the growth of the local manufacturers, exporters, importers and the broader Bangladeshi economy. We are strengthening our commitment to the country with an aim of creating a safe and efficient terminal as well as creating skilled jobs for the future prosperity of the region,” says Keith Svendsen, CEO of APM Terminals.
Shipping Telegraph
port & ship
20 November 20252 min readApm Terminals Invests $550M In Bangladesh Container Terminal
Shipping Telegraph
20 November 2025
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Okeanis Eco Tankers Moves For Two Suezmax Resales In $194M DealGreek owner Okeanis Eco Tankers is moving to expand its crude fleet with the purchase of two suezmax newbuilding resales, backed by a planned share issue to help finance the deal.
The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed to buy the 157,000 dwt tankers for $97m each. The vessels are under construction at Daehan Shipbuilding in South Korea and are being acquired from an undisclosed third-party seller.
Okeanis said it has signed separate memoranda of agreement for each ship, with both units scheduled for delivery in January 2026. The acquisitions are contingent on the company completing a new equity offering, with proceeds earmarked to cover part of the purchase price.
The move extends Okeanis Eco Tankers’ pattern of adding modern, fuel-efficient crude tankers to its fleet at a time of continued firm earnings in the suezmax segment. The company’s current fleet consists of six scrubber-fitted suezmaxe and eight scrubber-fitted VLCC tankers, built between 2016 and 2022.
Splash247
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20 November 20251 min readOkeanis Eco Tankers Moves For Two Suezmax Resales In $194M Deal
Splash247
20 November 2025
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Apm Terminals To Invest $550 Million In Peru With Major Callao Port ExpansionStock Photo: STS cranes at APM Terminals' Port Elizabeth Terminal, at the Port of New York and New Jersey. Stock Photo: Mihai_Andritoiu/Shutterstock
By Marco Aquino
CALLAO, Peru, Nov 19 (Reuters) – Dutch port operator APM Terminals will invest $550 million to expand Peru’s Callao port starting in January, chief commercial officer for the company’s Peru unit, Fernando Fauche, said on Wednesday.
The two-year project aims to increase the terminal’s capacity to 24,000 containers, Fauche told journalists during an event celebrating the launch of direct arrivals from Asia to the facility on Peru’s central coast.
Peru’s Callao port in November began offering new direct shipping routes from China and South Korea, cutting transit times to about 23 days, port officials confirmed on Wednesday. The service is designed to strengthen trade ties with Asia and position Callao as a key Pacific hub for Asian imports.
Initial shipments have included retail products from Chinese e-commerce platforms such as Temu, according to Fauche.
“Shipments are fully booked for the next six weeks. There’s demand,” he added.
APM and local port authorities described the nearby Chinese-built megaport of Chancay north of Lima as “complementary,” though industry analysts warn that the two facilities could compete for Asian cargo as infrastructure investments accelerate along Peru’s Pacific coast.
(Reporting by Marco Aquino in Callao, Peru. Writing by Brendan O’Boyle and Lucinda Elliott.)
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port & ship
20 November 20252 min readApm Terminals To Invest $550 Million In Peru With Major Callao Port Expansion
gCaptain
20 November 2025
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2020 Bulkers Offloads Newcastlemax Bulkers In $145.5M DealLars-Christian Svensen-led 2020 Bulkers has inked an agreement to sell each of its 2020-built newcastlemax vessels, Bulk Sydney and Bulk Santos,to an unaffiliated third party.
The Oslo Børs-listed newcastlemax shipowner said it had agreed to offload the vessels for a total consideration of $145.5m.
The shipowner didn’t disclose the name of the buyers.
The company will retain the vessels’ respective operating cashflows until closing of each vessel transaction, 2020 Bulkers said in a filing, each of which is agreed to take place during the first quarter of 2026.
Meanwhile, the shipowner expects to recognize a net book gain of approximately $61m upon completion of the transactions.
The company’s board of directors will, subject to completion of the sales, determine the allocation of the net proceeds from the transactions.
As it is reported, each sale is subject to certain closing conditions, in line with industry standards.
Magnus Halvorsen, chairman of 2020 Bulkers, commented: “The sales of Bulk Sydney and Bulk Santos for an average price of US$72.75 million per vessel conclude the monetization of the company’s newbuilding program, which was initiated in September 2017.
“Between August 2019 and June 2020, we took delivery of eight scrubber-fitted Newcastlemax vessels at an average all-in delivered cost of US$47.6 million per ship. Driven by a prudent capital structure and active commercial risk management, the company has been profitable every quarter since the first vessel was delivered.
“The newbuilding program was financed with US$142 million in equity in addition to the required debt financing. Since inception, the company has returned US$238 million to shareholders through capital distributions and dividends and expects to realize US$312 million in net proceeds from the sale of the six remaining vessels, following repayment of outstanding debt.
“In addition, the company holds US$17 million in cash as of today and will retain the cash flow from the vessels until they are delivered to their respective buyers.”
Currently, 2020 Bulkers has six newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
Shipping Telegraph
port & ship
19 November 20252 min read2020 Bulkers Offloads Newcastlemax Bulkers In $145.5M Deal
Shipping Telegraph
19 November 2025
port-and-ship
Egypt’S Suez Canal Container Terminal Completes $500 Million ExpansionPhoto courtesy APM Terminals
The Suez Canal Container Terminal in East Port Said has officially opened a major expansion that adds 2.2 million TEUs of annual capacity, bringing the facility’s total throughput capability to 7 million TEUs.
Egyptian President Abdel Fattah El-Sisi attended the inauguration ceremony for the $500 million upgrade, which includes 955 meters of new quay, 510,000 square meters of yard space, 12 quay cranes, 30 electric rubber-tired gantry cranes, and more than 90 trucks.
The expansion represents a significant infrastructure investment in one of the world’s most strategic maritime corridors. SCCT is one of eight hub terminals selected by APM Terminals to form the backbone of the East-West network operated by A.P. Moller – Maersk and Hapag-Lloyd.
“It is with great pleasure that we celebrate our commitment to Egypt, our partnerships and the dedicated people delivering excellence every day at this terminal,” said Lars Mikael Jensen, Head of Hubs and Ocean Collaboration at APM Terminals. “SCCT provides world-class operations and is a central part of our global network”.
The project prioritized sustainability through the deployment of electric RTGs and investments in battery-electric container handling equipment, renewable energy, and enhanced energy efficiency. APM Terminals aims to achieve net zero emissions by 2040.
Beyond infrastructure improvements, the expansion is creating over 1,000 new jobs and supporting long-term economic growth in the region.
Keld Mosgaard Christensen, Managing Director of SCCT, acknowledged the Egyptian government’s support: “We extend our sincere gratitude to His Excellency President Abdel Fattah El-Sisi, as well as to the distinguished ministers, authorities, and partners whose support has made this achievement possible. This expansion will further strengthen Egypt’s and the region’s trade opportunities”.
The facility’s performance has earned recognition from the World Bank and S&P Global Market Intelligence, which ranked Port Said and SCCT as the third most efficient container port globally and first in the region in 2024.
The terminal has implemented advanced digital planning tools, including digital twins, to optimize operations and ensure schedule reliability across the network.
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port & ship
19 November 20252 min readEgypt’S Suez Canal Container Terminal Completes $500 Million Expansion
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19 November 2025
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Global Palm Oil Output Seen Rising By 1.5 Million Tons In 2025/26, Godrej'S Mistry Saysin Commodity News
17/11/2025
Global palm oil production in the 2025/26 season is forecast to increase by 1.5 million metric tons, with output from the two major producers Indonesia and Malaysia seen increasing only slightly, leading industry analyst Dorab Mistry said on Friday.
He forecast benchmark palm oil futures on Bursa Malaysia could reach 5,500 ringgit per ton in the January-to-March quarter, maintaining his September outlook, if Indonesia continued to seize plantations and pushed on with plans for a higher mandatory biodiesel blend.
Indonesia plans to implement a 50% biodiesel blend, known as B50, in the second half of 2026. The government expects to start road tests for the fuel next month.
“If Indonesia goes to B50, there will be shortages of palm oil and prices will rocket,” Mistry, a director of Indian consumer goods firm Godrej International, told an industry conference in Bali.
The Indonesian government’s plantation seizures could pose a production problem next year, he said.
Source: Reuters
Hellenic Shipping News
port & ship
18 November 20251 min readGlobal Palm Oil Output Seen Rising By 1.5 Million Tons In 2025/26, Godrej'S Mistry Says
Hellenic Shipping News
18 November 2025
port-and-ship
Mpc Container Ships Orders Four Newbuild Vessels In $232M DealNorway’s MPC Container Ships ASA (MPCC) has signed contracts with Jiangsu Hantong Ship Heavy Industry in China for the construction of four 4,500-teu container vessels, scheduled for delivery starting first half of 2028.
The contract price per vessel is $58m and the agreement includes options for two additional vessels at the same price.
Each vessel will feature advanced energy-efficient technologies, and will operate under a 10-year time charter, with extension options, for a global liner company.
The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network, operational profile, and long-term sustainability objectives.
The initial charter period is expected to generate approximately $375m in revenue and around $242m in EBITDA.
According to MPCC, the project will be financed through a balanced mix of equity and debt.
This investment comes as part of MPCC’s ongoing strategy for a younger, more efficient, and environmentally compliant fleet, with reduced exposure to regulatory and environmental risks.
“Our fleet renewal strategy continues to gain momentum with this latest initiative,” said Constantin Baack, chief executive officer of MPCC. “I would like to thank the teams on both sides for the constructive dialogue and the trustful cooperation over the past months, which has been essential in bringing this project to fruition. With today’s announcement, MPCC has secured 10 newbuildings with attached charters this year, underscoring our ability to deliver value-accretive deals with top-tier partners and strengthen strategic customer relationships – while reinforcing our commitment to long-term shareholder value.”
MPC Container Ships ASA is a container tonnage provider focusing on small to mid-size container ships. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.
Shipping Telegraph
port & ship
18 November 20252 min readMpc Container Ships Orders Four Newbuild Vessels In $232M Deal
Shipping Telegraph
18 November 2025
port-and-ship
Over 1.6 Million Gallons Of Hazardous Waste Removed From Uss Yorktown In Major CleanupA two-year environmental remediation project on the USS Yorktown has concluded with the removal of more than 1.6 million gallons of hazardous fuel, oil, contaminated water, and nine tonnes of asbestos, preventing what authorities said had become a serious pollution threat to Charleston Harbour.
The operation, funded through a $31.6 million American Rescue Plan Act grant, was launched under a 2022 executive order after engineers warned that the ageing vessel’s corroding hull could release long-stored pollutants into surrounding waters.
According to remarks shared through his office during Wednesday’s announcement, Governor Henry McMaster said that the ship had effectively become an environmental risk that intensified each year.
His office said he believed a leak would have caused severe damage to marshes and estuaries, harmed marine life, and put at risk industries that support thousands of jobs in the Lowcountry.
The USS Yorktown was decommissioned in 1970 and brought to South Carolina in 1975, where it was transferred to the state “as is”, with all remaining fuel, oil and sludge still in its tanks. After nearly five decades resting in pluff mud, its outer hull had deteriorated to the point that pollutants were increasingly likely to escape.
The cleanup took place in two main phases:
Phase I — Completed December 2023
Phase II — February to October 2025
The USS Yorktown, built in 1943 as an Essex-class aircraft carrier, served in the Second World War, the Vietnam War, and assisted in the Apollo 8 astronaut recovery.
The ship originally replaced the first Yorktown, which was lost during the Battle of Midway. At its operational height, the 820-foot carrier was manned by around 3,300 sailors.
It is now a nationally recognised historic landmark and the centrepiece of the Patriot’s Point Naval and Maritime Museum, attracting approximately 300,000 visitors each year.
The state Office of Resilience said its chief expressed pride in the team for recognising the urgency of the situation and completing the work efficiently while securing an important historic site for the future.
References: southcarolinapublicradio, abcnews4
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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16 November 20254 min readOver 1.6 Million Gallons Of Hazardous Waste Removed From Uss Yorktown In Major Cleanup
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Turkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To GazaThe Turkish Red Crescent (Kizilay) has sent its 18th “Goodness Ship” with 800 tons of humanitarian aid to Gaza from the Port of Mersin.
The ship mainly has food and blankets, and marks a major humanitarian effort after the recently established ceasefire in Gaza.
The aid will reach Egypt’s Al-Arish port after a 3-day voyage, from where it will be sent to Gaza.
Turkish Red Crescent President Fatma Meric Yilmaz said that Gaza “remains a wound on humanity’s conscience.”
She recounted how all crossings were blocked and aid could not reach the people who were being bombed, losing their family, friends, pets and burying their loved ones with their own hands.
She added that the recent ceasefire enabled organisations to offer help, and the Turkish Red Crescent has begun its Goodness Ship series to reach those they could not help before.
The 18th ship has 17,500 blankets and ready-to-eat food for orphaned children, the elderly and the disabled.
There are 50,000 food parcels as well.
The 17th ship had carried 510,000 canned meat products, and a million cans were sent to soup kitchens to prepare meals.
She said that Turkiye will continue its humanitarian efforts for Gaza.
Yilmaz also said that he sufferings of the Palestinians will be remembered for centuries.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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14 November 20253 min readTurkish Red Crescent Sends 18Th Goodness Ship With 800 Tons Of Aid To Gaza
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14 November 2025
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India’S Revived Yard Lands $220M Norwegian Chemical Tanker DealSwan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m.
The agreement includes an option for six additional vessels of the same class. The IMO Type II ships will be built at SDHI’s Pipavav facility in Gujarat, India’s largest shipyard by dry dock capacity, which restarted operations last year under new ownership after emerging from bankruptcy.
The tankers will be designed by Norway’s Marinform and classed by DNV. Each Ice Class 1A vessel will feature a hybrid propulsion system with automation for improved manoeuvrability, lower emissions, and operational flexibility. The design also comes with the ability to convert to methanol or LNG fuel and upgrade battery capacity up to 5,000 kWh.
“This partnership marks a defining moment for SDHI and for Indian shipbuilding — our first major export of advanced chemical tankers to Norway,” said SDHI director Vivek Merchant. “The trust placed in us by Rederiet Stenersen reflects global confidence in India’s shipbuilding capabilities.”
Rederiet Stenersen, established in 1974, operates about 20 chemical and product tankers ranging between 13,000 and 19,000 dwt, trading primarily in Northern Europe.
Splash247
port & ship
12 November 20252 min readIndia’S Revived Yard Lands $220M Norwegian Chemical Tanker Deal
Splash247
12 November 2025
port-and-ship
China’S Beibu Gulf Port Welcomes Largest-Ever 200,000-Tonne Container ShipThe Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region has achieved a major milestone with the arrival of its largest-ever container ship, a 200,000-tonne-class vessel that is 399.8 metres long.
The huge ship docked at the fully automated terminal of Qinzhou Port, which serves as the main hub of the Beibu Gulf Port cluster, on Sunday.
According to reports, loading and unloading operations began immediately after the vessel was securely berthed.
Video Credits: CCTV/Facebook
The Beibu Gulf Port consists of three key facilities, the ports of Qinzhou, Beihai, and Fangchenggang, all located along Guangxi’s southern coastline.
Over the past year, Qinzhou Port has been expanding its handling capacity by adding six new open berths to support international shipping operations and accommodate larger vessels.
Between January and September 2025, the port recorded a foreign trade container throughput of 874,000 TEUs, showing a 28.4 percent increase compared with the same period last year.
References: CGTN, Bastillepost
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
👉Get Electrical eBooks
4. Pocket Guides for Quick Reference
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👉 Browse Pocket Guide eBooks
5. Combo Packs to Save Big
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👉 Grab Combo Pack Offers
6. Digital Maritime Courses – Learn at Your Own Pace
Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
👉 Join Online Maritime Courses
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Marine Insight
port & ship
12 November 20253 min readChina’S Beibu Gulf Port Welcomes Largest-Ever 200,000-Tonne Container Ship
Marine Insight
12 November 2025
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