Maritime News

Suez Canal Traffic Lagging 60% Below Normal Amid SCZONE Industrial Expansion

Suez Canal transits were still 60% below 2023 levels as early January 2026 approached, despite over 100 days without Houthi attacks, with carriers cautiously eyeing Red Sea resumption. Concurrently, Egyptian Prime Minister Mostafa Madbouly inaugurated nine factories worth $153 million worth in the Suez Canal Economic Zone on January 11, boosting manufacturing activities related to solar, appliances, textiles, food products etc.

EU ETS Achieves Full Maritime Coverage as Carriers Increase Emissions Surcharges for 2026

Starting January 1st 2026, the EU Emissions Trading System mandates 100% coverage of maritime emissions such as methane and nitrous oxide, leading to steep surcharge increases among ocean carriers. Compliance costs for VLSFO fuel have skyrocketed to an astonishing $319 per tonne with Maersk opting for green ethanol fuels to decrease its reliance on China for emissions mitigation.

U.S. Shipbuilding Industry Reaps Benefits from Investment Capital, Workforce Increase, and Navy Yard Activities

Over the past week, U.S. shipbuilding has been marked by new federal workforce funding, private yard expansion plans and high level Navy engagement with industry. The Labor Department unveiled a multimillion-dollar shipbuilding workforce plan, Master Boat Builders unveiled their defense focused facility and Navy leaders toured Bollinger Shipyards to review projects and capacity - these developments represent a coordinated effort to accelerate fleet growth.