Westfal-Larsen & Co. AS

Mexico's top prosecutor said on Sunday that authorities have so far detained 14 people suspected to be involved in the illicit trade of fuels, reiterating that more actions would follow as new information comes to light.On March 19, authorities seized a petroleum tanker in the Port of Tampico, together with nearly 63,000 barrels of diesel it was carrying, as well as containers and vehicles for its transport and storage.The tanker, Challenge Procyon, had arrived from the United States, LSEG tanker-tracking data showed.

ElbFeeder, a joint venture of the Icelandic transportation company Eimskip and German listed ship-owner Ernst Russ, signed contracts for a pair of 2,280-TEU container vessels with the shipyard China Merchants Jin Ling Shipyard (Nanjing) Co. Ltd. The newbuildings will be an addition to the ElbFeeder joint venture and expand it to a total of nine vessels. Options for two additional vessels were negotiated.The newbuildings will be employed in the Eimskip Blue Line between Reykjavik and Rotterdam for an initial 10-year period through a time-charter agreement signed in combination with the newbuilding contract.

The United States has told countries to reject a United Nations' marine fuel emissions-cutting deal or face tariffs, visa restrictions and port levies, U.S. and European officials and sources told Reuters.The Trump administration is looking to boost U.S. economic might, including by taking a bigger role in global shipping, and has used tariffs as a weapon to extract better terms from Washington’s trade partners.In April, countries struck a draft agreement through the U.N.'s International Maritime Organization (IMO) that would impose a fee on ships that breach global carbon emissions standards.

Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price of a basket of seven five-year-old container ships was $9,761/TEU in late August 2024. Since then, the price has risen to $10,758/TEU at the beginning of 2025 and to $11,413/TEU in late August.Feeder ships smaller than 3,000 TEU have seen the highest price increase at an average of 26% year-on-year.

New Wave Media, a leading B2B media company serving the global maritime, offshore energy, subsea and logistics sectors, acquired the Port of the Future Conference & Exhibition, a premier international symposium known for its focus on advancing port infrastructure, technology, and policy.Under the continued leadership of its founder, Kevin Clement, the event will retain its iconic tagline — “2 Days, 50 Ports” — and continue to convene top-tier port and terminal executives from around the world.The 2026 Port of the Future Conference is scheduled to be held March 23-25, 2026, at the Hilton University of Houston.