POLAR NANOQ

CMA CGM delivered a resilient first quarter, but the numbers underscore the increasingly complex environment facing the global container shipping and logistics giant.The Marseille-based group reported first-quarter revenue of $13.23 billion, essentially flat year-over-year, while EBITDA fell 31.6% to $2.11 billion and net income dropped sharply to $250 million, down from $1.12 billion a year earlier.For the shipping division, the picture was mixed. Volumes rose 1.5% to 5.93 million TEU, but maritime revenue declined 8.5% to $8.02 billion as average revenue per container weakened nearly 10%. EBITDA in the shipping segment fell more sharply, down 41.3% to $1.

Master Boat Builders christened Marauder, the first vessel in an eight-tug construction program for Maritime Partners, marking a key milestone for the Gulf Coast shipbuilder and the growing fleet operator.The christening ceremony was held at the National Maritime Museum of the Gulf in Mobile, Ala., bringing together executives from both companies as well as shipyard workers involved in the vessel’s construction.Built at Master Boat Builders’ Coden, Ala. shipyard, Marauder is an 88-foot tug classified as an A1 Escort Tug and Towing Vessel.

The march toward zero-emission ferry transportation continues, and this time the momentum is coming from the Baltic.Estonian State Fleet has signed a contract with Polish shipbuilder CRIST S.A. for the design and construction of what will become Estonia’s first fully electric passenger ferry, a nearly €50 million investment that underscores how aggressively regional ferry operators are moving to modernize aging fleets while cutting emissions.Set for delivery in late 2028, the 100-meter vessel will serve the Virtsu–Kuivastu route, a lifeline connection between mainland Estonia and its islands. For Estonia, this is more than a vessel order.

"So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. Transits have been especially high during the past five weeks, rising 16% y/y, as US energy exports to the Pacific jumped,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The Iran War and the subsequent reduction in Strait of Hormuz transits have disrupted exports from the Persian Gulf, tightening the global energy supply and boosting prices for energy commodities. This has contributed to a rise in US energy exports to Asia and the west coast of the Americas, increasing demand for Panama Canal transit slots.

Diamond Gas Jade, a 174,000-cu.-m. Liquefied Natural Gas (LNG) carrier invested by a joint venture under U-Ming Marine Transport Corp., held its grand naming ceremony on May 19 at the Samsung Heavy Industries Geoje Shipyard. Built by Samsung Heavy Industries, Diamond Gas Jade is equipped with the latest energy-saving environmental technologies and a dual-fuel propulsion engine. Upon delivery, it will commence long-term LNG transportation operations supporting global energy logistics.U-Ming Marine's Board of Directors recently approved the construction of four 210,000 DWT Capesize and four 64,000 DWT Ultramax bulk carriers in the second quarter.