Maritime Vessels Directory

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

4 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

4 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.

Ukraine Explores Alternative Grain Routes

18 minutes ago

Alternative grain export routes from Ukraine will reach required capacity at the end of August at the earliest, its agriculture minister said, warning they would cover only half of volumes handled by Black Sea ports disrupted by Russian attacks.Russia has intensified missile and drone attacks on foreign-flagged civilian vessels in the southern Odesa port hub, which handles most of Ukraine's grain shipments.The situation endangers exports of around half of this year's grain and oilseeds forecast total, Taras Vysotskyi told Reuters.

FESCO Pauses Black Sea Orders After Drone Attacks

20 minutes ago

Last week's Ukrainian drone attack on one of its vessels has forced Russian logistics and shipping group FESCO to suspend accepting new shipment orders via the Black Sea, the company said on Tuesday.The announcement highlights the growing disruption to shipping from a sharp escalation of attacks on each other's vessels by both Russia and Ukraine, which has pushed wheat prices higher on global markets.Russia's state nuclear corporation Rosatom, which owns 92.5% of FESCO, said earlier that the vessel Yanina, which was transporting goods such as frozen food and construction materials, was damaged by Ukrainian seaborne drones and sank in the Black Sea overnight from Friday to Saturday.

Maritime Reporter and Engineering News (June 2026)