Ingalls completes DDG 128 builder's sea trials HII (NYSE: HII) reports that its Ingalls Shipbuilding division has successfully completed builder's sea trials for guided missile destroyer Ted Stevens (DDG 128), marking a major milestone in the construction of the
Spliethoff vessel Minervagracht adrift and on fire after apparent Houthi attack Amsterdam headquartered Spliethoff today reported that 19 crew members of its M-Class multipurpose vessel Minervagracht have been safely evacuated to nearby vessels after the ship was hit by an unknown explosive device
Greek-Serbian cooperation talks at ThPA S.A. ThPA S.A. welcomed Ms. Maja Gojkovic, President of the Provincial Government of Vojvodina, Republic of Serbia. She was accompanied by Mr. Nenad Ivanisevic, Provincial Secretary for Economy and Tourism, Mr. Bosko Vucurevic, Vice President of the Chamber of Commerce and Industry of Vojvodina, Ms. Jelena Vujic Obradovic, Consul General of Serbia in Thessaloniki, and Mr. Konstantinos Georgakos, Presi
Port of Long Beach appoints Chief Harbor Engineer The Port of Long Beach has promoted Monique Lebrun, Director of Program Management, to Senior Director of the Engineering Services Bureau and Chief Harbor Engineer. In her new role, Lebrun will oversee the Port's US$3.2 billion, 10-year capital improvement program, which funds infrastructure development, modernization, and sustainability projects. She will lead a team of about 300 employees acros
Port of Savannah container volumes rise 9% in August The Port of Savannah handled 534,037 TEUs in August, up 44,000 TEUs or 9% year-over-year. It was the third-busiest month in Georgia Ports Authority (GPA) history. Container volumes reached 1,010,725 TEUs fiscal year-to-date through August, a 3.2% increase from last year. In September, GPA launched a new fast-track routing system for vessels entering Savannah. Inbound ships now dock temporarily at
Hiab appoints two new leaders to strengthen leadership team Hiab has appointed two new leaders to its executive team as part of its ongoing organisational development. Jenny McGeough will become President of Loader Cranes, Heavy and Superheavy, effective 1 November 2025. She succeeds Marcel Boxem, who has been serving in the role on an interim basis. Boxem will return to his position as VP, Sales & Product Management for Loader Cranes, Heavy and Superheav
Boluda expands Santander Terminal Boluda Shipping has inaugurated a new berth at its Santander Maritime Terminal, enabling the simultaneous operation of two container vessels. The investment is expected to cut transit times by up to seven days on routes linking Northern Europe, Cádiz, the Canary Islands, Cape Verde and Senegal, while creating new business opportunities for Cantabria and Castilla y León. "This investment represent
CMA CGM implements PCS for Conakry CMA CGM has announced the introduction of a Port Congestion Surcharge (PCS) on all cargo bound for Conakry, Guinea. The surcharge takes effect from October 7, 2025, based on loading date, and from October 25, 2025, for shipments from the USA, US territories, and Latin America. The surcharge applies to all cargo types and is set at USD 1,000 / EUR 850 / GBP 750 per TEU, payable with freight. CMA C
MSC announces new rates from Far East to North Europe, Mediterranean, and Black Sea MSC Mediterranean Shipping Company has published new base freight rates from all Far East ports, including Japan, Korea, and Southeast Asia, to North Europe, the Mediterranean, Adriatic, North Africa, and Black Sea destinations. The revised Freight All Kinds (FAK) rates will apply from 15 October 2025 until further notice, but not beyond 31 October 2025. New FAK base rates (USD per container): Po
MSC launches new Sambar service MSC has announced the launch of a new standalone service, Sambar, connecting China with Vietnam, Thailand, and Malaysia. The service is designed to provide faster transit times and additional direct corridors between key Asian markets. Alongside the new loop, MSC will enhance its Pertiwi service to strengthen links from North and South China to Indonesia, and its Orchid service connecting South C
South American port development in the context of new trade trends South America is undergoing a profound reconfiguration of its maritime infrastructure landscape, driven by intensifying geopolitical competition, shifting global trade patterns, and the region's critical role in supplying resources essential for the global energy transition. With over US$ 55 billion committed to port refurbishment and expansion through 2025, the continent is positioning itself as
Greece races against time to secure IMEC gateway status Athens intensifies infrastructure modernization as Mediterranean rivals vie for dominance in historic India-Middle East-Europe trade corridor. Greece has unveiled an ambitious US$680 million investment plan to modernize its deteriorating port infrastructure, a move that reveals both the country's strategic ambitions and its current inadequacies in handling the anticipated cargo flows from the Ind
Gavin Laybourne appointed Peel Ports Group's first CTIO Peel Ports Group has appointed Gavin Laybourne as its first Chief Technology and Information Officer (CTIO). He will lead the Group's technology strategy and drive the digital transformation of its port operations. Laybourne joins the Executive team and will oversee IT, cybersecurity, data analytics, green technologies, and automation initiatives. He brings over 25 years of experience in technolo
NAVTOR adds Risk Intelligence to NavStation NAVTOR has partnered with Risk Intelligence to integrate real-time maritime security data into its NavStation route planning platform. The update gives navigators and shore teams clear, customizable notifications layered directly onto ENCs. This helps plan voyages with greater safety and confidence. NavStation serves over 18,000 vessels worldwide. It already provides weather updates, port informa
Alabama Port Authority orders Konecranes RTGs The Alabama Port Authority has ordered two Konecranes Rubber-Tired Gantry (RTG) cranes for its new Montgomery Intermodal Container Transfer Facility (ICTF). The order was placed in Q3 2025, with delivery expected in Q4 2026. Container traffic at the Port of Mobile grew from 502,000 TEUs in 2021 to over 563,000 TEUs in 2023. To handle future growth, the RTGs will support efficient transfers betwee
Geely-operated car carrier in accident on maiden voyage to Europe Chinese car maker Geely's first chartered car carrier encountered an accident during its maiden voyage from China to Europe. Strong winds caused an allision between the 7,000-car unit Jisu Fortune and the Pierre Vandamme lock in Belgium's Zeebrugge port, while the ship was pulling out of the port
Kongsberg Maritime to deliver two new uncrewed vessels Kongsberg Maritime has signed a contract with REACH Subsea ASA to design, build, and deliver two additional unmanned surface vessels (USVs), expanding the REACH REMOTE fleet. The vessels will be based on the UT5208 design, a 24-metre platform engineered for remote and autonomous offshore operations. This follows the success of REACH REMOTE 1 and 2. The first vessel recently completed fully remote
Danaos lifts orderbook and seals $304m in charters Greek containership owner Danaos has confirmed boosting its orderbook with two more 7,165 teu vessels and locked in $304m of fresh charter income. The Nasdaq-listed company said about $164m stems from forward fixtures on four existing ships, with another $140m tied to the newbuildings, each covered by five-year charters. The fresh orders were placed at ...
Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp Swiss contractor Allseas and Norway's DOF have clinched contracts from Aster Chemicals & Energy to renew the single buoy mooring (SBM) and subsea pipeline system serving Bukom Island, Singapore. The scope includes engineering, installation and commissioning of new infrastructure linking the offshore facility - located around 5 km from Aster's assets - to the company's ...
Seanergy and United Maritime cash in on vintage capes Greek bulker owners Seanergy Maritime and United Maritime have completed sales of aging capesize vessels, banking profits and cutting fleet exposure to older tonnage. Seanergy confirmed the sale of the 2010-built Geniuship to an undisclosed buyer for $21.6m. The 170,057 dwt vessel, acquired in 2015, was handed over in September. The transaction is expected to ...
Jinhui returns to newbuild market with $99m ultramax trio Jinhui Shipping and Transportation has booked three new ultramax bulk carriers at a Chinese yard, marking its latest step in a fleet renewal drive. The Oslo-listed owner has committed $99.15m at Jiangmen Nanyang Ship Engineering for 64,500 dwt vessels due for delivery in the first quarter of 2028. The move follows a string of disposals ...
Seaspan seals Yangzijiang newbuild brace Seaspan Corporation has expanded its newbuilding pipeline with an order for two 11,800 teu containerships at China's Yangzijiang Shipbuilding. The deal was disclosed as part of a wider $440m package of eight vessel contracts announced by Yangzijiang to the Singapore Exchange. The new orders take the yard's 2025 intake to 44 ships worth $1.9bn. Seaspan's ...
Jan De Nul invests in rock installation newbuild Belgian marine contractor Jan De Nul has placed an order for a new dedicated subsea rock installation vessel to meet growing global demand for the protection of underwater energy and data infrastructure. The newbuild, named George W. Goethals, will focus on energy-sector projects, particularly in the North Sea and Southeast Asia. The vessel, with a ...
WinGD to launch first ethanol two-stroke marine engine in 2026 Swiss marine power company WinGD will offer the first ethanol-fuelled two-stroke marine engine next year, with deliveries for newbuild and retrofit applications set to begin in 2027. The announcement follows a decade of investigation into ethanol fuel and the successful launch of a methanol-fuelled engine that uses the same combustion concept and is subject to ...
BP awards Andrew field decom gig to AF Gruppen-led joint venture Norway's AF Gruppen has, through its subsidiary AF Offshore Decom, and in a joint venture with Three60 Energy, been awarded a contract with supermajor BP to provide decommissioning services for the Andrew field in the North Sea. This contract will see the joint venture assume the role of decommissioning services partner for the field, located on ...
Norden flips leased panamax in latest S&P move Danish shipowner and operator Norden has confirmed the disposal of a panamax bulker, extending a busy run in the sale-and-purchase market this year. The Copenhagen-listed company said it exercised a purchase option on the leased vessel and subsequently sold it on. Norden did not disclose details of the ship or the buyer. The move is ...
Busy Erasmus buys feeder boxship Erasmus Shipinvest Group is continuing its buying spree, with new moves in the container segment. Brokers link the Athens-based owner to the 1,050 teu Asiatic Sun (built 2008), which is reportedly being sold to the John Su-led firm on private terms. If confirmed, it would be the company's fifth feeder acquisition in under a year, ...
Seacon moves into box leasing with $67m deal for CIMC unit Seacon Shipping has struck a deal to buy into the container leasing sector, acquiring a 40% stake in CIMC Xinde Leasing (Shenzhen) for around $67.6m. The Hong Kong-listed, Qingdao-based owner and operator is purchasing the holding from Shenzhen Financial Leasing. Once the transaction is complete, CIMC Xinde will be owned 40% by Seacon, 40% by ...
Maritime CEO Forum Singapore: Tanker bosses urge discipline as sanctions reshape markets Singapore's Fullerton Hotel played host to another lively Maritime CEO Forum last week, with the tanker session proving one of the most animated. Moderated by Duncan Ross of Paratus & Partners, the panel featured Hafnia's Peter Kolding, Ardmore Shipping's Mark Cameron, OM Maritime's Subhangshu Dutt, and Foreguard Shipping's Alan Hatton. Together, they offered a candid ...
Baker Hughes wins Petrobras contract for up to 50 subsea trees in Brazil Oilfield services giant Baker Hughes has won a contract to supply up to 50 subsea tree systems and associated services from Petrobras to support offshore oil and gas production across multiple fields in Brazil. Under the award, secured through an open tender, Baker Hughes will manufacture Petrobras' pre-salt standard subsea trees, as well as subsea ...
Liner price war looms as spot rates sink below breakeven There are growing signs that a price war is breaking out in container shipping. Consultancy Linerlytica is already warning that operating margins have already dropped below breakeven on several key routes with carriers still prioritising market share over profitability. The Shanghai Containerized Freight Index and the China Containerized Freight Index have slipped by 70% and ...
Consortium bags substation deal for 495MW offshore wind farm in Taiwan The consortium between Denmark-based Semco Maritime and Vietnamese PTSC Mechanical & Construction has secured an EPC contract for the offshore substation of the Formosa 4 offshore wind farm in Taiwan. The offshore wind farm, developed by Taiwan-based Synera Renewable Energy, is a 495MW project and represents the company's third offshore wind initiative in Taiwan. The ...
Exxon's Guyana project moves forward as Modec begins FPSO EPCI work Floater expert Modec has been cleared to begin the full EPCI scope to develop an FPSO vessel for ExxonMobil's Hammerhead project in Guyana. In April 2025, Modec received a limited notice to proceed, enabling it to commence FPSO design activities in support of the earliest possible startup in 2029, subject to required government approvals. Phase ...
China prepares retaliation playbook ahead of US port fee deadline China is taking preemptive action against the US's plans to hike port fees for China-linked tonnage. Chinese premier Li Qiang signed a State Council decree over the weekend, which states that China will take necessary countermeasures against countries or regions that impose or support discriminatory bans, restrictions, or similar measures targeting Chinese operators, vessels, or ...
Reefer fleet on thin ice as majority fail carbon intensity tests The reefer sector has the worst Carbon Intensity Indicator (CII) ratings, while boxships currently enjoy having the most vessels within the safe A to C bands, according to new data from VesselsValue. VesselsValue data shows that around two-thirds of the container fleet today has a CII rating ranging between A to C, while 80% of ...
Diana Shipping fixes out ultramax to Bunge Greek bulker owner Diana Shipping has entered into a time charter contract with Swiss-based agribusiness firm Bunge for one of its ultramax vessels. The company hired the 2015-built, 60,309 dwt bulker DSI Aquila. The gross charter rate is $14,000 per day for a period of a minimum of February 25, 2027, up to a maximum ...
Costamare and Cargill set course for joint dry bulk ventures Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector's largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering chartered-in tonnage, cargo commitments, and derivative positions. Four supramax vessels ...
Advantage Tankers firms fresh VLCC and suezmax orders in South Korea Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books. Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for a 320,000 dwt VLCC at Hanwha Ocean in Okpo, due for ...
Vitol and Tinos I owners in 'continued dialogue' to resolve lawsuit Vitol and Pearl Petrochemical, the owner of Tinos I, are in talks regarding a 'possible settlement' over the former's admiralty...
France investigating shadow fleet tanker linked to Danish drone attacks After months of hands-off monitoring of fraudulent flagged shadow fleet transits, the French authorities have intercepted a tanker in the...
Pakistani minister accuses Israel of strike on US-sanctioned LPG tanker off Yemen A Pakistani minister blamed an Israeli drone strike for the blaze on board the US-sanctioned LPG carrier Clipper earlier this...
Danaos and Capital clinch more boxship newbuilds John Coustas-led Danaos orders two more methanol-ready vessels in China, while Evangelos Marinakis' Capital adds to feeder haul at HD...
ABS boss calls for leadership to get decarbonisation 'right' Speaking at Capital Link conference, Christopher Wiernicki doubles down on concerns that current IMO framework is not best way to...
Charting the course to 2027 What it takes to adopt and implement the IMO's Net-Zero Framework
Long Beach clean-up completed after stack collapse All traffic restrictions put in place after the collapse were lifted when dive operations concluded on September 26
China signals tit-for-tat retaliation over US port fee levy Uncertainty deepens in global shipping as US port fee plan collides with China's newly revised maritime rules
AXA XL leads war risk slip for double-attack Spliethoff cargoship P&I claim seems certain after two seafarers seriously wounded
Class and flag states call for enhanced fire safety amid rising electric vehicle ship fires Data from Lloyd's List Intelligence shows several major fires on board large ro-ro ships over the past decade. Seven ships...
WinGD to launch first ethanol-fuelled two-stroke engine Adapted from one of its methanol-fuelled models, the new engine has been a decade in the making
Seacon expands into Leasing with $68m CIMC Xinde stake The move tightens Seacon's integration of ship operations, management and financing
All crew safely evacuated from burning cargoship Two crew members were injured in the attack and are receiving medical attention, the Dutch company confirmed
New maritime decarbonisation technologies are affecting marine insurers While many of these technologies are at early stages of development, their broader adoption will have implications for marine insurers
Scorpio Tankers sells two LR2 product tankers for $131m Scorpio also reduced its stake in tanker owner DHT Holdings
The Daily View: Hubs of activity If there is a chance to sidestep a threat, any sensible owner will
South Korean shipbuilders step up US Navy MRO push These moves align with the MASGA initiative, for which the South Korean government has set aside a budget of $21m...
Daily Briefing Seaspan mass reflagging puts Hong Kong's maritime hub status to the test | Cargill and Costamare Bulkers forge co-operation pact...
Inland '25: Weak end to 2025 could set up US freight economy for better 2026 The US economy looks to weaken further in the fourth quarter due to tariffs and unemployment, but inventories are historically low and may spur 2026 freight demand, attendees at the Journal of Commerce's Inland '25 Distribution Conference heard.
Montreal joins Vancouver in levying empty container fee Canadian transportation regulators are considering whether empty container fees are justified, following protests from shipowners and vessel operators.
UHL to embark on fleet expansion amid leadership change The Hamburg-headquartered breakbulk and project cargo operator confirmed new vessel orders after it announced that Managing Director Lars Bonnesen would leave the company at the end of the year.
Hapag-Lloyd, ONE warn of skipped calls, vessel delays due to Asian typhoons A string of storms in September has roiled vessel schedules and terminal operations throughout the region.
Clean trading tankers to follow the money amid newbuilding 'scare' There seem to be a lot of LR2s set to hit the water in the coming months - but they may not end up carrying products
Swiss trader sees shipowning ambition stall with termination of newbuilding contract Yangzijiang has cancelled the contract to avoid being embroiled in US sanctions
Diana Shipping ramps up Genco holding to nearly 15% after $103m splash Greek shipowner has pumped another $42m into New York company in recent weeks
Problem-solving and bulker investments: Cargill shipping boss digests Costamare Bulkers deal Jan Dieleman is 'excited' about where the tie-up could go
Contships stacks cash and steps up renewal moves with sale to MSC Greek owner presses on with another S&P move, sidestepping newbuilding rush
Two Stamatis Tsantanis-led companies sell capesize bulkers in 'favourable' environment Seanergy makes asset play as spin-off United Maritime boosts cash coffers for future moves
Deadline day for EU ETS could spur greater decarbonisation drive 30 September is the final day for companies to surrender 2024 emission allowances
Danaos locks in five-year charters for boxship newbuildings Long-term fixtures for new ships add $140m to charter contract backlog
'They had a problem we could solve': Cargill shipping boss digests Costamare Bulkers deal Jan Dieleman is 'excited' about where the tie-up could go
VLCCs set to take centre stage after lagging behind smaller tankers Future for the largest crude tankers seems bright compared with suezmaxes and aframaxes, broker says
World's first ammonia bunkering vessel to be managed by Bernhard Schulte Ship manager signs deal for Itochu's pioneering Japanese newbuilding
J Lauritzen reveals container ship buys and Nordic fund commitments Danish fund backs NRP and commits cash to Dee4 and Navigare Capital
Ocean Network Express snaps up Japanese boxship brace Liner company is spending $155m for Nissen Kaiun vessels
'Go-to guy': US 'coalition builder' quits IMO role as Trump-IMO carbon showdown heats up Consensus builder retires as Trump administration takes more aggressive stance at UN shipping regulator
Adam Polemis tanker newbuildings signed at Samsung Heavy Industries New Shipping's long search for a yard to resume newbuildings seems to be over
Russia seeks immediate return to top IMO body after election defeat Moscow was ousted from IMO Council for current two-year term following campaign led by opponents of invasion of Ukraine
Greek vintage aframax tanker sales pile up as Thenamaris and IMS enter the fray At least two of Greece's busiest S&P players shed crude carriers that are nearing the end of their operational life
Russia looks for immediate return to top IMO body after election defeat Moscow was ousted from IMO Council for current two-year term following campaign led by opponents of invasion of Ukraine
VLGC owner Petredec sells gas storage venture to state-owned trading company UK-headquartered company says deal is a milestone for both buyer and seller
CMB.Tech backs ammonia for its bulker newbuildings after Eastern Pacific fuel switch WinGD due to start big bore engine tests with first newbuild being readied for 2026 delivery
Greeks dominate as shipowners splash $1.3bn on tankers in six months Veson Nautical logs overall dip in secondhand activity, but Naftomar and Lila Global have been busy
'Special fees': China fights back against sustained US attacks by rewriting its shipping rule book China issues ominous warning as it launches laws to counter port fees and tariff hits
Turkish shipowner sells first tanker in nearly two decades Conservative firm offloading its oldest tanker as it bides its time on fleet renewal
China halts purchases of BHP bulker cargoes as contract talks stall Bloomberg cites sources as saying steelmakers and traders ordered to stop buying from Australian miner
Eastern Pacific to leverage 'CoolCo Oslo platform' as springboard for growth Parent company is sitting on a diverse array of gas carriers
'Athens needs a Mercy Ships fundraiser,' says Evalend's Kriton Lendoudis Greek shipowner calls on compatriots to support charity that offers life-changing medical care in Africa
Norden flips panamax bulker after declaring purchase option Danish owner carries out another sale as share buybacks continue
Here comes ethanol: WinGD and Everllence add to fuelling mix with new engines Swiss designer to offer first ethanol-fuelled two-stroke to market in 2026
UHL boss Lars Bonnesen exits ahead of next newbuilding phase German line says managing director has sold shares and will leave at the end of 2025
Seafarer seriously injured in suspected Houthi attack in Gulf of Aden Crew members transferred to Djibouti following attack that set alight a Dutch cargo ship
Two top bosses leave lender Hamburg Commercial Bank, sparking management reshuffle Bank appoints Reinout van Riel as new chief risk officer
Seacon Shipping buys 40% stake in Chinese container firm's leasing arm Hong Kong-listed owner will pay $67.6m and also offer a shareholder guarantee of $40.4m
Diana Shipping drives up rate for ultramax bulker in deal with Bunge Greek owner ups charter level on vessel previously fixed to Western Bulk
Erasmus back in S&P market for another container feeder ship Greek shipowner continues steady expansion in the feeder segment
Ship on fire in the Gulf of Aden after Houthi attack Injured crew airlifted to French warship after second attack in a week on the ship
Russian warship damaged after colliding with tanker, Ukraine claims Warship accidentally strikes Turkish vessel while evading drone attack in Sea of Azov, says report
Norway braces for maritime 'hydrogen wave' as producers see demand rising Maritime players are expected to be among the 'first movers' in adopting the fuel
Zeaside Capital hunts fresh investment after scoring first blood with Eitzen and NRP deal An investment manager is looking at bulk carriers, tankers and container ships
Zodiac Maritime splashes out close to $400m on newbuildings in China UK shipowner is said to have signed five 6,000-teu vessels against charters with Cosco
Chinese dry bulk rising star's fleet soars with eighth bulker addition for 2025 The Ultra Puma is the 24th bulker added to the Qingdao Alam International fleet since the company was founded in 2023
Seacon Shipping buys 40% stake in Chinese container firm's leasing arm Hong Kong-listed owner will pay $67.6m and also offer a shareholder guarantee of $40.4m
Chinese dry-bulk rising star's fleet soars with eighth bulker addition for 2025 Ultra Puma is the 24th bulker added to the Qingdao Alam International fleet since company was founded in 2023
HMM buys bulker pair for $65m in diversification play Market sources note CMB Tech exercised purchase option on Japanese charters before selling the ships
Chinese owner sells vintage bulker for further trading Auction of 2000-built Zhong Zhe 7 highlights strong bulker demand for older tonnage
China could bar U.S.-service ships in new maritime dispute volley China sets new port fees, could bar U.S. ships in retaliation for charges on Chinese shipping set to take effect in October.
FedEx debuts air freight service connecting Dublin and Indianapolis Pharmaceutical and medical companies will be among the key beneficiaries of a new FedEx air freight route between Dublin and Indianapolis.
DHL eCommerce to buy out parcel locker partner in Poland DHL eCommerce is expanding its footprint in Poland with an agreement to buy the remaining shares of its parcel locker partnership.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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