Pacific International Lines Delivers Resilient Earnings in FY2025
Pacific International Lines Delivers Resilient Earnings in FY2025
in
International Shipping News
29/04/2026
PIL Pte Ltd (“PIL” or the “Group”) today announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04 billion, underpinned by volume growth, high asset utilisation and strong cost management amid challenging market conditions. Group EBITDA amounted to US$1.50 billion with the container shipping business contributing US$1.47 billion.
2025 Financial Performance Highlights
PIL’s FY2025 results reflects the Group’s operational agility, disciplined financial management, and ability to deliver long-term value.
FarSounder Celebrates 25 Years of Innovation in Marine Navigation
FarSounder Celebrates 25 Years of Innovation in Marine Navigation
gCaptain
Total Views: 0
April 29, 2026
FarSounder marks its 25th anniversary in 2026, celebrating a quarter-century of advancing marine navigation technology and improving safety at sea. Since its founding, the company has continuously evolved its 3D forward-looking sonar capabilities by learning from real-world operations and responding to customer needs, strengthening its role as an industry leader.
Built on a vision of safer, more environmentally responsible navigation, FarSounder pioneered 3D forward-looking sonar designed to help vessels detect submerged hazards and avoid groundings, oil spills, and ship strikes involving whales. Today, Argos systems deliver real-time awareness of the underwater environment ahead, enabling bridge crews to make more informed and confident decisions.
Collaboration and integration have been central to FarSounder’s success.
FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case
An OOCL containership at the Port of Long Beach. Photo: Richard H Grant / Shutterstock.com
FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case
Mike Schuler
Total Views: 0
April 29, 2026
Three years after bankrupt retailer Bed Bath & Beyond
accused
Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime Commission administrative law judge has ordered the carrier to pay more than $45.6 million in reparations in a closely watched ruling with potentially broad implications for ocean shipping contracts.
In a 203-page initial decision issued April 24, Chief Administrative Law Judge Erin Wirth found OOCL violated multiple provisions of the Shipping Act, siding with claims brought by the retailer’s bankruptcy estate following Bed Bath & Beyond’s 2023 Chapter 11 filing and liquidation.
The ruling awarded $45.6 million in reparations, well below the $165 million
Firmer Sentiment / Ballasters Dropping below 12m avg: Ballasters Vs Baltic Rates
Firmer Sentiment / Ballasters Dropping below 12m avg: Ballasters Vs Baltic Rates
in
International Shipping News
30/04/2026
A
pril ends with firm sentiment in both Capesize and Panamax segments. On the C3 route, freight levels are supported by ballaster counts trending below the 12-month average. In Panamax, low ballaster availability across the P1/P2/P7 routes signals an undersupplied market, underpinning current rate strength.
The Baltic Dry Index is approaching 2,700 points, with gains recorded across all sub-indices: Capesize leading at +117.4% YoY, followed by Supramax +58.2%, Handysize +41.8%, and Panamax +40.9%.
FREIGHT ATLANTIC
Capesize C3 / Panamax P7 | Firmer
C3 Tubarao–Qingdao / P7 US Gulf–Qingdao grain
Capesize C3 / Panamax P7
C3 | Tubarao to Qingdao | 33.12 $/MT | Day: +0.09 | Week: -0.28 | Year: +13.27
P7 | US Gulf to Qingdao grain | 68.69 $/MT | Day: +0.01 | Week: -0.78 | Year: +22.37
Supramax S4A / Handysize HS4_38 | Firmer
S4A US Gulf trip to Skaw-Passero / HS4_38 US Gu
Daehan Shipbuilding lifts Q1 profit 18.5% as margins stay above 20%
Daehan Shipbuilding lifts Q1 profit 18.5% as margins stay above 20%
in
Shipbuilding News
30/04/2026
Daehan Shipbuilding posted an operating margin of 26.8% in the first quarter this year, maintaining a margin in the 20% range for six consecutive quarters. Sales were similar to a year earlier, but operating profit rose by double digits.
Daehan Shipbuilding said on the 29th that, on a consolidation basis, it logged first-quarter sales of 308.3 billion won and operating profit of 82.6 billion won. Compared with a year earlier, sales rose 0.2% and operating profit increased 18.5%.
The first-quarter operating margin is close to the all-time high of 27.2% recorded in the fourth quarter of last year.
Why EU countries should avoid carbon capture for gas power plants
Why EU countries should avoid carbon capture for gas power plants
in
General Energy News
30/04/2026
Executive Summary
Gas-fired power plays a material role in the EU electricity system, accounting for 13% of net generation in 2025. While EU countries have rapidly built out renewable energy, gas will remain a significant source of the bloc’s power capacity and greenhouse gas emissions in the coming decades.
Despite this, there are currently few gas‑fired power stations in the EU that officially plan to use or retrofit carbon capture and storage (CCS) technology. This reflects the lack of commercial-scale gas CCS plants anywhere in the world as well as the underperformance of CCS projects for other applications in terms of capture rates, cost and delivery timelines.
Most potential European gas CCS projects are in the UK, where CCS subsidy support and accompanying legislation are much further progressed.
US LNG arbitrage to Asia open via Panama Canal; laden flows limited
US LNG arbitrage to Asia open via Panama Canal; laden flows limited
in
International Shipping News
30/04/2026
US arbitrage to Asia through the Panama Canal opens amid stronger Asian demand following the Middle East conflict, although a recent rise in LNG transits through the canal is driven by unladen carriers returning east rather than westbound laden shipments
Platts assessed the US-North Asia via Panama Canal versus US-Atlantic arbitrage at plus 53.3 cents/MMBtu on April 28, while the route via the Cape of Good Hope was assessed at minus 67.7 cents/MMBtu, indicating that US cargoes via the Panama Canal remained economically favored into Northeast Asia, while the Cape route is less economic.
“The arbitrage seems to be opening up, there are some cargoes going to Southeast and South Asia, and it looks like China is attracting a few,” an LNG trader previously said.
In light of this, LNG transits through the Panama Canal have totaled 12 so far in April, based on data from S&P Global CERA
Global Biofuels Alliance targets SAF corridors, advances methanol for marine sector
Global Biofuels Alliance targets SAF corridors, advances methanol for marine sector
in
International Shipping News
29/04/2026
The Global Biofuels Alliance is in active negotiations with the governments across the world to establish a sustainable aviation fuel corridor linking global airports, a framework designed to drive SAF policy harmonization and standardization across jurisdictions and position India as a global aviation bunkering geography, GBA Director Joshua Wycliffe said at an industry event in New Delhi.
“GBA is in very active talks with the governments of the Netherlands and Singapore to work on a SAF corridor between airports — between let’s say Amsterdam-Delhi, Amsterdam-Mumbai, Singapore-Mumbai, Singapore-Delhi,” Wycliffe said at the Indian Federation of Green Energy’s Green Transport Conclave in New Delhi from April 23-24.
“What it does is it not just promotes SAF, it promotes standardization, brings governments together, brings policy mandates together, and also helps d
Rising uncertainty reshapes reputational risk, but organisations hold firm on controls, says Willis
Rising uncertainty reshapes reputational risk, but organisations hold firm on controls, says Willis
in
World Economy News
29/04/2026
New research from Willis, a WTW business, points to growing uncertainty around reputational risk among corporate decision-makers, driven by global instability and increasing politicisation of issues such as ESG.
Findings from the 2026 Reputational Risk Readiness Survey Report indicate that organisations are less confident about how customers and other stakeholders perceive them and are increasingly unclear about their most significant reputational vulnerabilities. At the same time, appetite for taking on additional reputational risk has fallen sharply, even where potential rewards are high.
However, this uncertainty may have been a spur to action as efforts to strengthen risk controls have gathered momentum since the last survey. Organisations are increasing engagement with stakeholders, embedding reputation more firmly into enterprise risk management, an
ENGINE: East of Suez Bunker Fuel Availability Outlook
ENGINE: East of Suez Bunker Fuel Availability Outlook
in
International Shipping News
29/04/2026
Singapore and Malaysia
VLSFO delivery schedules in Singapore have stretched further, now ranging between 7-15 days, compared to 5-12 days previously. HSFO lead times have also lengthened to 7-12 days from last week’s 5-10-day window. LSMGO availability has tightened as well, with lead times extending to 6-9 days, up from 2-7 days.
Singapore’s residual fuel oil inventories have trended lower, averaging 5% below March levels so far in April, according to Enterprise Singapore.