Maritime Vessels Directory

China-based offshore wind foundations manufacturer Dajin Heavy Industry has delivered KING TWO, the second 40,000 DWT heavy deck carrier in its self-developed and self-built KING series.The delivery represents a step in expanding the company's offshore vessel-building capabilities, marking the transition of the vessel class into standardized batch construction following the commercial deployment of KING ONE.KING TWO has an overall length of 239.8 meters, a beam of 51 meters, a 12,000-square-metre cargo deck, and a range of 16,000 nautical miles.

Strong Cargo Demand Offsets Rising Costs for ONE

yesterday

Ocean Network Express (ONE) reported a profitable first quarter for fiscal 2026, overcoming higher fuel costs and geopolitical disruptions through strong cargo demand, disciplined capacity management and rising freight rates, while continuing to invest in fleet modernization under its long-term ONE2030 strategy.For the quarter ended June 30, 2026, the Singapore-based container carrier generated revenue of $4.54 billion, EBITDA of $707 million and EBIT of $76 million, resulting in a net profit of $31 million. The carrier transported 3.26 million TEU during the quarter at an average freight rate of $1,300 per TEU.

France Selects Five Ports for $300M Floating Wind Investment

5 days ago

France has selected five ports to receive nearly $300 million (€260 million) in funding under the France 2030 investment program to support infrastructure upgrades for the country's floating offshore wind industry.The projects, located at the ports of Cherbourg, Brest, Nantes-Saint-Nazaire, Port-la-Nouvelle and Marseille-Fos, were chosen under a 2024 call for projects aimed at adapting French port infrastructure for the manufacture, assembly and integration of floating offshore wind components.The government said the selected projects are expected to unlock nearly $1.

MarAd's Carmel: Great Lakes are Central to America's Maritime Revival

5 days ago

CHICAGO — July 30, 2026 — The United States cannot rebuild its maritime strength by focusing solely on its ocean coasts. Instead, the nation's industrial resurgence depends on recognizing the Great Lakes as one of America's five maritime coastlines and leveraging the region's unmatched manufacturing ecosystem, according to U.S. Maritime Administrator Stephen M. Carmel.Speaking at the American Great Lakes Ports Association's annual meeting in Chicago today, Carmel argued that the Great Lakes should be viewed not as a regional transportation network, but as a national strategic asset that is central to rebuilding America's commercial shipbuilding and industrial base.

July Great Lakes Iron Ore Trade Increases Slightly

2 hours ago

Shipments of iron ore on the Great Lakes totaled 5.1 million tons in July, an increase of less than one percent compared to 2025. Shipments were below the month’s 5-year average by 7.2 percent. Year-to-date, the iron ore trade stands at 22.5 million tons, an increase of 3.3 percent compared to a year ago. Iron ore shipments were 5.2 percent below their 5-year average for the first seven months of the year. Great Lakes Iron Ore Shipments: July 2021-2026 and 5-Year AverageIncludes Transshipments to Quebec City for Shipment Overseas(net tons) AveragePort2021202220232024202520262021-2025Duluth, MN1,113,9671,009,221969,908853,0161,141,047885,9151,017,432Superior, WI1,383,3651,528,5781,331,5251

Maritime Reporter and Engineering News (June 2026)