Virginia Pilots order new Gladding-Hearn harbor launch The Virginia Pilot Association has taken delivery of a new high-speed, pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation. It's the Virginia pilots' tenth launch built by the Somerset, Mass., shipyard since 1983.
World's first commercially-operational ammonia-fueled tugboat completes demo voyage ClassNK reports that the world's first commercial-use ammonia-fueled tugboat, Sakigake, has successfully completed a three-month demonstration voyage, during which it engaged in tugboat operations in Tokyo Bay and achieved a GHG-emission reduction
TTB 2025 highlights operational excellence Last week, Marine Log's TTB 2025 (Tugs, Towboats & Barges) conference in Mobile, Ala., attracted nearly 250 vessel owners, operators, C-suite executives, suppliers, and shipyards. The event, which took place on March
Maritime industry associations launch consolidated BMP maritime security publication Best Maritime Practices (BMP) for maritime security have been around and evolving since at least the time that Somali pirate hijackings were in the headlines. Now, with new threats continuing to evolve,
WCI names Miranda Lang its new operations manager Waterways Council Inc. (WCI) has welcomed a new member to its team. She is Miranda Lang, who will serve as operations manager. She will work in concert with Amber McClay, WCI's office
ABS Wavesight hosts Vision and Values Summit in Singapore ABS Wavesight, the ABS-affiliated software-as-a-service company, hosted a Vision and Value Summit during the recent Singapore Maritime Week. The event served as a platform for users and other industry stakeholders to connect
Hapag-Lloyd announces EIS for intra-Asia shipments to Cambodia Hapag-Lloyd announces that an Equipment Imbalance Surcharge (EIS) will apply to intra-Asian shipments to Cambodia starting 1 May 2025 and will remain in effect until further notice. The surcharge details will be as follows: 20' Dry Container: US$120 40' Dry Container: US$240 40' High Cube Container: US$240 20' Reefer Container: US$120 40' Reefer Container: US$240 The EIS applies to shipments from
Hiab updates name and reporting segments Following the decision made at the Annual General Meeting on 26 March 2025, the company name will change from Cargotec Corporation to Hiab Corporation, effective 1 April 2025. An IFRS 8 assessment was conducted for the newly independent Hiab Corporation. Based on this evaluation, and as previously announced on 7 January 2025, Hiab has established two reporting segments-Equipment and Services-effe
Port of Helsinki enhances operations and sustainability efforts In 2024, the Port of Helsinki continued to serve shipping companies, passengers, and cargo operators while maintaining and investing in port infrastructure. The Finnish port actively worked to reduce emissions in its operational areas, contributed to the country's security of supply, and prioritized the well-being of its employees. Passenger traffic saw a 5% annual increase, with full ferry capac
ICTSI-operated MICT welcomes Hapag-Lloyd's inaugural CPF service call International Container Terminal Services, Inc.'s (ICTSI's) flagship terminal, the Manila International Container Terminal (MICT), marked a milestone with the arrival of Hapag-Lloyd's newly launched China-Philippines Feeder (CPF) service at the Port of Manila. The German carrier's first-ever call to the Philippines was highlighted by the arrival of Tokyo Express on 17 March. The CPF service estab
Forwarders require rapid response in fast moving market Large US forwarders fared better in 2024 than their European counterparts in what remains a fast-moving and unpredictable market with unresolved major conflicts and new trading obstacles posing fresh challenges
UAE Eyes South America for Expansion of Shipping Operations Gulf States have increasingly focused on South America as part of their broader strategy to diversify their economies. The establishment of the joint venture Noatum - CSM , a collaboration between Abu Dhabi-based AD Ports Group and Columbia, highlights their growing interest in expanding maritime influence, particularly in regions like South America
Trump strikes on Chinese yards won't halt Yang Ming shipbuilding plans US President Donald Trump's attacks on China's shipbuilding dominance will not prevent Yang Ming Marine Transport from considering Chinese shipyards for its future newbuildings, according to the company's leadership
CN analysis: Container freight rates ex-India continue to cool amid demand woes and overcapacity Container freight rates on major export trades out of India have continued to drop in March amid demand growth challenges and high overcapacity, according to an analysis of market data by Container News
Hapag-Lloyd increases rates from Indian Sub and Middle East to US East Coast German container line Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian Subcontinent and Middle East to the United States East Coast. Hapag-Lloyd will apply a rate increase of US$500 per container for cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. This GRI/GRA adjustment will b
Kerry Logistics skyrockets in revenue and profits Kerry Logistics Network Limited (KLN) reported a 23% increase in revenue, reaching US$7.5 billion (HK$58,274 million) in 2024 compared to US$6 billion (HK$47,408 million) in 2023. Furthermore, the company's core operating profit rose by 23% to US$350 million (HK$2,725 million) from US$284 million (HK$2,207 million) in the previous year. Additionally, the core net profit experienced a 12% growth,
Top 10 Ocean Carriers by Revenue in 2024 The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an impressive US$55.5 billion in revenue. Following behind is COSCO with US$32.3 billion, solidifying its position as a major force in maritime logistics. Hapag-Lloyd and Ocean Network Express (ONE) secured the fourth and fifth spots with US$20.7 billion and US$
IMO Discussions Begin: Clean Shipping Coalition Pushes for Bold Climate Action As the International Maritime Organization (IMO) begins two weeks of crucial negotiations, the Clean Shipping Coalition is calling on governments to take bold action to reduce the shipping industry's climate impact. Discussions will focus on key measures, including a global fuel standard, a greenhouse gas levy, and reforms to the Carbon Intensity Indicator (CII). These talks will take place acros
Panama Canal introduces NetZero Slot to promote low-carbon shipping The Panama Canal reported the launch of the NetZero Slot, a transit slot reserved only for vessels with low carbon emissions, as a strategy to incentivize customers on their path to decarbonization. Beginning October 5, 2025, the Panama Canal will implement the first phase of a weekly NetZero Slot for Neopanamax vessels that meet specific low-carbon emission requirements. This slot will not be of
CIMC achieves record profit in 2024 China International Marine Containers (CIMC) announced a record profit of around US$410 million in 2024, translating to an astonishing increase of over 600% compared to the previous year. Additionally, the Chinese box manufacturer increased its revenue by 40% to US$24.5 billion According to the company's statement, there were no significant changes in the Group's principal operating model, and th
Middle East Shipping: Geopolitical and Economic Impacts Shipping operations across the Middle East have been significantly influenced by ongoing geopolitical tensions, particularly in the Red Sea, and global economic shifts in recent years. Geography plays a crucial role in shaping the operational landscape of each major port in the region, contributing to the volatility they face. Ports such as Jebel Ali in the UAE have thrived due to their distance
DP World fully acquires European logistics player Swissterminal Swissterminal AG has announced its full integration into DP World, following a successful five-year partnership. Swissterminal has been a major traditional player in the Swiss and French logistics markets. With its terminals in the Basel region (Switzerland) and in Alsace (France), the company acts as a key hub connecting Switzerland, southern Germany, and France with major European seaports. Swi
SMDG adds Hoopo to its membership SMDG, a non-profit, international user group that develops, maintains, and promotes standardized Electronic Data Interchange (EDI) messages and protocols for the maritime container industry, has announced the addition of Hoopo, a provider of dry container tracking and fleet intelligence solutions, to its community of members. Hoopo contributes a distinctive and crucial perspective to the group's
Norway's sovereign wealth fund buys stake in two RWE offshore wind farms Norges Bank Investment Management (NBIM), the manager of the world's largest sovereign wealth fund - often referred to as the Oil Fund - worth over $1.75trn, has bought a 49% stake in two offshore wind projects from German utility RWE. The fund bought stakes in the Nordseecluster and Thor offshore wind projects currently under construction. ...
Subsea7 awarded Northern Lights contract Oslo-listed Subsea7 has won a contract from Equinor worth between $50m and $150m for the second phase of the Northern Lights CO2 transport and storage project offshore Norway. Subsea7's scope includes engineering, procurement, construction and installation of a five-kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals, tie-in and pre-commissioning activit
US federal judge blocks offshore lease sale over impact on Rice's whales A federal judge has blocked an oil and gas lease sale in Gulf waters off the coast of Louisiana after finding that authorities did not take into account the impact of new offshore drilling on the highly endangered Rice's whale. The ruling from a judge in the U.S. District Court for the District of Columbia ...
Fugro survey vessel arrives safely to port following grounding Fugro's survey vessel, Fugro Mercator, has been towed to a shipyard for inspection following a grounding incident on March 22. After the incident occurred, the 11-strong crew were evacuated and taken ashore. Fugro said at the time that a salvage operation was being prepared together with international experts and local officials. The research vessel was ...
Panama deregisters 107 ships from its fleet due to sanctions The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This action is in accordance with Executive Decree No. 512 of October 18, 2024, which grants the PMA the authority to unilaterally cancel the registration of vessels, as well as registered indivi
Flex LNG CEO Øystein Kalleklev resigns The chief executive officer of Flex LNG, Øystein Kalleklev, has resigned from his position to pursue other opportunities. Flex LNG said that its board of directors accepted Kalleklev's resignation from the CEO role after a stint of seven and a half years. Kalleklev joined Flex LNG in October 2017 and was appointed CEO in August ...
How the liner lineup has changed this century Of the 50 largest container shipping lines in the world in the year 2000, only 24 are still in existence, according to new research from Denmark's Sea-Intelligence. The capacity operated by these surviving carriers has grown dramatically. Overall, they have grown their collective capacity from 2.5m teu in 2000 to 26.7m teu in 2025, 983% ...
Global bunker tracking tool launches The world's first global bunker tracking tool has been launched in Rotterdam. Spotbarge's Bunker Insights offers real-time bunker tracking and detailed analytics of every vessel bunker operation in major global hubs. Spotbarge monitors and logs essential bunker data, including loading location, fuel type, bunker quantities, and more. Currently, Bunker Insights is operational in key strategic ...
Yang Ming signs for three Japanese newbuilds Taiwanese shipping line Yang Ming Marine Transport has struck a deal with Japanese owner Shoei Kisen for three 8,000 teu methanol dual-fuel-ready containership newbuilds. The world's 10th and Taiwan's second-largest liner operator is buying the trio currently under construction at Imabari Shipbuilding, with delivery set in 2028 and 2029. The transaction is valued between $339m ...
Explainer: The options on the table at MEPC83 Next week's MEPC83 is due to approve mid-term measures to decarbonise shipping. Here are the policy outlines on the table...
The week in charts: Trump's tariffs add to vehicle carrier woes | Baltic and Arctic are newest AIS interference hotspots | Just 15 LOFs signed last year Plans to introduce a 25% tariff on all US car imports will have major ramifications for global vehicle carrier operators;...
Zikos to lead Costamare bulker spin-off New York-based owner eyes splitting of containership and dry bulk businesses 'as soon as practicable' to unlock value for investors
Panama deregisters 107 sanctioned vessels The country's director general of merchant marine, Ramon Franco, said his flag was 'not a refuge for sanctions evasion' following...
The Lloyd's List Outlook Forum: Live from Singapore Lloyd's List's editor-in-chief Richard Meade leads a star-studded line-up at Singapore Maritime Week and asks how the industry can invest...
BIMCO and ECSA leaders dismiss benefits of US port levies Shipowner groups warn that US port fees will likely hurt trade more than help its own shipbuilding - yet some...
Turbine-powered LNG tanker and panamax bulker sold for scrap The 2004-built steam-powered LNG carrier Dukhan and a 30-year-old panamax bulker engaged in the coal trades have both been sold...
Iranian LPG continues to dominate Houthis' imports as Ofac deadline looms Indications that the Houthis may be attempting to restore some diversity to their LPG suppliers late last year were a...
Yang Ming orders 8,000 teu boxship trio with Imabari The deal marks the first order announced since the company received board approval for its fleet renewal project, which includes...
The week in newbuildings: Fincantieri wins cruiseship pair for UK market Orders for one heavylift vessel, offshore support vessel pair, two cruiseships and four containerships agreed in the past week
Bridge or break: IMO must deliver on decisive climate regulations Shipowner associations have issued a last-minute rally cry to the UN's regulatory body, calling for an agreement on new climate...
Discounts out there on 1/4 hull renewals, insurance sources confirm 'The reality is this: if you're an incumbent market, you want to maintain your book. You're probably under pressure from...
Kalleklev resigns as Flex LNG chief executive After exactly seven and a half years in the role, Oystein Kalleklev said now was the time to 'move on...
The Daily View: Roll on 'liberation day' Tankers and GasContainersDry Bulk
Daily Briefing Fears of impending EU backdown on IMO carbon levy | Maersk calls for $600 per tonne carbon price | Shipping...
Pre-tariff imports seen driving US flatbed spot demand higher Both volumes and rates in the flatbed sector of the truckload spot market are rising as importers rush industrial products through US ports and across the border.
Key Mexican container ports facing delays amid calls by larger vessels Forwarders say they are seeing utilization only around 50% on the Asia-Mexico lane amid seasonally low demand and tariff uncertainties.
Yang Ming to buy three 8,000-TEU ships in first stage of fleet expansion The carrier is deriving an increasing share of its revenue from long-haul trans-Pacific and Asia-Europe services while the contribution from the intra-Asia trade declined last year.
Avenir set to run bunker vessel continuously on bio-LNG in 2025 Company claims a world first for rapidly growing LNG bunker vessel sector and says move will cut 3,500 tonnes of CO2 emissions per year
Shell wraps up its buyout of Singapore's Pavilion Energy Energy major taking over time-charters of five LNG carriers with acquisition
Evangelos Marinakis to steer fleet away from US trading if port-fee scheme ensues Greek shipping tycoon describes recession in Europe as 'inevitable'
Dry bulk orphans: Public shipowners lament flight of long-term investors Bulker executives make their case, but is anyone in investment community listening?
Delta Corp's Singapore unit hit with winding-up petition by Omani shipowner Bulker operator and logistics group is meanwhile negotiating a forbearance agreement with US bank
US 'thermonuclear' port fee measures could kill agricultural trades Once in the drivers' seat on shipping-adjacent policies, farmers could lose out, liner trade group head says
Trafigura's ammonia dual-fuel system on newbuilds gets LR green light Approval shows how low-carbon fuels use can be viable on diverse ships
Sanctioned tanker laden with Russian oil rejected by India 'over class certificate' IOC refuses entry to the Andaman Skies, which is laden with Varandey crude
Greek owner Cosmoship bags container ships worth $100m in deal with Seaspan Nick Savvas homes in on South Korean-built brace with charters to Zim
Safbulk makes rare capesize deal to renew fleet Oldest bulker in the company's fleet is going to Hong Kong-based interests
Costamare unveils top team of bulker spin-off with Gregory Zikos as CEO New operation's management will host investor and analyst day next month
LNG's 'long-term decarbonisation potential' comes with challenges, LR says Report takes a dive into four areas where more work is needed
AP Moller Group logs profit of $7bn as it diversifies investments Group ended year on a positive note despite headwinds in major markets
Oystein Kalleklev: Resignations, Flex LNG and that famous 'Fredriksen freezer' Oslo set to be buzzing tonight as outgoing CEO prepares to sign off and celebrate with close colleagues
'Heightened threat' in Middle East Gulf as Iran oil seizure puts US shipping in Iran's crosshairs Security company Ambrey warns that US-affiliated shipping is at greater risk after court move
Navigator Holdings sees 'strong demand' for $40m bond tap issue in Oslo market Gas carrier owner gets narrower credit spread than in October issue
Shipping stocks on the rocks with clean tankers hardest hit Clarksons analysts see market risks priced in after tough week for listed owners
Chartworld Shipping plots swoop for container ship octet in China Owner poised to split order between yards
How sanctions hit Russian shipowner Sovcomflot's profit and tanker sailings in 2024 Russia state owner's CEO hoping volumes stay at same levels in 2025
'Aggressive campaign': Nigeria fights to cut war risk premiums two weeks after gunmen abducted crew Oil producer says country's security profile does not justify the higher costs
Clarksons sees discount valuation gap stretching to as much as 15% for Chinese-built VLCCs US port fee proposals will make South Korea and Japanese-built vessels even more valuable, analysts say
Navios offloads bulker and container ship as it fixes new financing Greek owner set to book a gain from divesting older vessels
Good medicine, bad medicine? Lobbyists jostle over maritime fuels ahead of IMO meet LNG's popularity is growing, but Maersk and MAN Energy Solutions feel the goalposts need to be moved
British cruise line inks first newbuildings with $2bn worth of orders at Fincantieri Marella Cruises' vessels slated for delivery in 2030 and 2032
'Pissed off' Donald Trump threatens 50% tariffs on Russian oil buyers Comments express frustration at slow progress on Ukraine peace talks
Panama purge: World's largest flag state kicking out 125 sanctioned ships Registry says vessels have been blacklisted by the US or have compliance concerns
Cosco Specialized orders semi-submersible heavylift at state-owned GSI Chinese giant reportedly paying slightly more than $141m for the 70,000-dwt newbuilding
DOF hires banks for new dollar bond issue in Oslo market Proceeds to be used for refinancing existing debt and general corporate purposes
Trading house Orix Corp breaks into shipbroking with takeover Orix will control 70% of Sojitz Senpaku, as it eyes chartering and sale-and-purchase activity
Torvald Klaveness profit falls in weaker bulker markets as fleet shrinks Norwegian group expects bulkers to strengthen in South American grain season
BW LPG sells two VLGCs to Indian business as it sees 'tremendous potential' in market BW LPG India expands fleet amid rising domestic LPG demand
John Fredriksen executive James Ayers and banker Carl Erik Steen join Golden Ocean board Number of directors expands again following Saverys family takeover of bulker company
Flex LNG CEO Oystein Kalleklev resigns after seven years Board appointed commercial chief Marius Foss as interim CEO
Odfjell poised to invest in more fuel-efficient newbuilds, says chairman Investing in energy-efficient vessels was 'best business' as returns were made in less than two years
Cosco Shipping orders semi-submersible carrier at GSI Chinese giant reportedly paying slightly more than $141m for the 70,000-dwt newbuilding
MOL joins LNG steam ship march to breakers with lone scrap sale Laid up 21-year-old vessel becomes third LNG carrier of 2025 to head for demolition
UPS to temporarily close Portland package facility for major retrofit A UPS modernization project will require its Portland, Oregon, package hub to temporarily close for more than a year, putting some jobs at risk.
China port fees need more nuanced strategy, shipping industry tells hearing Representatives of ocean carriers and shipbuilding interests testified at a hearing on proposed port fees on Chinese ships.
February freight volumes mixed at Gulf Coast ports Gulf Coast ports' February cargo volumes declined in Houston but rose in New Orleans and Corpus Christi, Texas.
DHL to buy US pharma logistics specialist CryoPDP for $195M Germany's DHL Group is acquiring U.S.-based CryoPDP to boost its health care logistics business.
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