OLUF MÆRSK

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.

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.

The maritime industry faces the dual challenge of reducing emissions while remaining economically competitive. As a result, energy efficiency is becoming one of the key drivers of the sector's transformation.Against this backdrop, SMM will launch the Energy Efficiency Hub, a dedicated exhibition area focusing exclusively on energy efficiency, September 1-4, 2026. Under the motto "Efficiency First: Powering the Future of Shipping," 24 companies from Europe, Asia and the Middle East will showcase solutions designed to improve energy efficiency in shipping. Although shipping has already embarked on its transition, it remains unclear which low-carbon fuels will ultimately prevail.

The Transportation Institute (TI), representing U.S.-flag American shipping companies, joined farmers, millers, longshoremen, merchant mariners, the U.S. Department of Agriculture, and the World Food Programme (WFP) at the Port of New Orleans to mark the latest Food for Peace shipment of grain bound for Kenya. The U.S.-flagged LIBERTY GRACE loaded 28,420 metric tons of Louisiana Rice in New Orleans. The vessel will take on wheat in Houston before departing with enough food to feed more than 1 million people facing hunger for an entire year. Kenya is confronting one of its worst food security crises in years, with more than 3.

Phoenix International Holdings, Inc., announced the appointment of Travis Richardson as Hawai’i Area Manager.Richardson returns to Phoenix after his previous tenure from 2014 to 2019, where he led commercial diving operations, underwater ship repair projects, and regional business activities throughout the Pacific. His return brings nearly three decades of experience in diving, salvage, underwater construction, and program management to Phoenix's Pacific operations.Richardson earned both a Bachelor of Business degree in Small Business Management and Entrepreneurship and a Master of Business Administration from the University of Phoenix.