ABS issues certificate for the world's largest classed USV American Bureau of Shipping (ABS) has awarded classification to the Saildrone Surveyor, a fully autonomous, 20-meter deepwater unmanned surface vehicle (USV). Capable of operating across the world's oceans without crew onboard, the Surveyor represents the largest class of USVs developed by Saildrone, a leader in maritime security, ocean mapping, and environmental data solutions. "ABS and Saildron
DHL Supply Chain announces key executive appointments DHL Supply Chain has announced a series of key executive appointments to strengthen its global customer leadership network and further drive customer-centric growth. In his new global role, Andries Retief will spearhead the development of next-generation supply chain solutions, enhance strategic partnerships, and prioritize customer engagement worldwide. A central part of his remit will be ensuri
Damen launches new Island Class ferry for BC Ferries Damen Shipyards has launched the second of four new Island Class ferries for BC Ferries at its Galati yard in Romania. The vessels will provide low-emission services connecting coastal communities across British Columbia. The Island Class design is based on Damen's 8117 Electric Ferry (E3) and marks the eighth vessel of this type built for BC Ferries. The new ferries will operate on diesel-electr
Port of Los Angeles appoints new Human Resources Director The Port of Los Angeles has appointed Melanie Roberts as its new Human Resources Director. She will oversee employment operations for nearly 1,000 Port employees. Roberts has built her career within the City of Los Angeles since 2008. Most recently, she served as Senior Personnel Analyst II with the Personnel Department, where she also worked as liaison to LA Sanitation & Environment. Earlier rol
Ashdod Port posts strong record half-year revenues Ashdod Port Company has reported strong results for the first half of 2025, posting revenues of NIS 593 million, a 29% increase over the same period last year. Net profit reached NIS 104 million, compared with a loss of NIS 27 million in H1 2024. The Board of Directors approved a dividend of NIS 300 million to the State of Israel, bringing total dividends over the past decade to around NIS 1.3 bi
Höegh Autoliners orders first ammonia engines Höegh Autoliners has placed a landmark order for ammonia-fuelled engines, marking a major step in maritime decarbonisation. The company confirmed that four Everllence B&W ME-LGIA dual-fuel engines will power its final four Aurora-class Pure Car and Truck Carriers (PCTCs). The 7S60ME-LGIA engines, capable of running on ammonia, will be built by HD Hyundai Heavy Industries in South Korea. The new v
Government now inclined to nationalise HMM South Korea's Minister of Oceans and Fisheries has disclosed plans to nationalise HMM, after years of unsuccessful attempts at offloading the country's flagship carrier to a corporate owner. Oceans and Fisheries minister Jeon Jae-so explained that the economy has changed significantly since the Covid-19 pandemic
OceanScore unveils OPX for FuelEU Pooling OceanScore has introduced the OceanScore Pool-Price Index (OPX), which it calls the industry's most accurate benchmark for FuelEU pooling prices. The new index, published monthly, provides transparency on compliance surplus costs measured in euros per tonne of CO2 equivalent. The FuelEU Maritime regulation, which came into effect this year, created a fast-growing market for pooling compliance sur
Why DP World eyes Montreal terminal expansion? DP World positions for control of strategic North American gateway amid mounting capacity pressures and trade diversification trends
COSCO SHIPPING delivers Airbus A320 parts to Tianjin COSCO SHIPPING Europe has completed the delivery of components for the 800th Airbus A320 aircraft to Tianjin. The cargo arrived on August 11 aboard the vessel COSCO SHIPPING Sagittarius and was transferred to Airbus' final assembly line for completion. Source: COSCO SHIPPING Europe The shipment marked another milestone in the long-running logistics partnership between Airbus and COSCO SHIPPING. T
Wallenius Water appoints new Managing Director Wallenius Water Innovation has named Magnus Mörtberg as its new Managing Director, effective 1 September. He will succeed Ulf Arbeus, who is retiring after a long career with the company. Mörtberg joined Wallenius Water Innovation in January 2025 as Sales Manager. Before that, he worked with Oslo-based start-up EnergyNest as Project Development Manager. His background also includes an internation
ABB and Wallenius Marine form OVERSEA™ joint venture ABB and Wallenius Marine have officially launched a joint venture in Stockholm to expand their digital fleet solution, OVERSEA. The move aims to boost vessel performance management and support more sustainable operations. First introduced in 2022, OVERSEA combines ABB's ship technology expertise with Wallenius Marine's fleet management experience. The platform provides ship owners and operators
World Container Index dropped, continuing decline The World Container Index fell 6% from the previous week to $2,119 per FEU in Week 35, down 59% year-on-year. This marked the 11th straight week of decline, with further decreases expected in the weeks ahead. Rate volatility began after the U.S. announced new tariffs in April, triggering a surge from May to early June. Rates then plunged through mid-July and have continued to weaken since. Spot r
Japan's Big 6 Ports record growth in foreign-trade containers Japan's six major ports handled a combined 1.18 million TEUs of foreign-trade containers in June, a 3.5% increase year-on-year, marking the seventh consecutive month of growth, according to preliminary figures from the Ministry of Land, Infrastructure, Transport and Tourism. Exports reached 592,004 TEUs (+2.5%), while imports totaled 586,211 TEUs (+4.4%). Tokyo processed 368,391 TEUs (+4.2%), inc
Implementation of on-site storage battery project in Saijo City Shikoku Electric Power and Imabari Shipbuilding have agreed to introduce a stationary power storage system at the Imabari Shipbuilding Saijo Shipyard Higashi-Hiuchi Factory, launching an on-site storage battery project. Japan is actively promoting the expansion and use of renewable energy to achieve carbon neutrality by 2050. However, because renewable energy output depends heavily on weather con
ONE launches new intermodal service in Sri Lanka Ocean Network Express (ONE) has announced the launch of a new intermodal service in Sri Lanka, strengthening its inland logistics offerings in the region. The service provides customers with a seamless, cost-competitive multimodal solution covering transport from inland origins to final destinations, and vice versa - all managed through a single transaction. "This value-added service will deliver
Neptune Pacific introduces low sulphur recovery surcharge Neptune Pacific has announced the implementation of a low sulphur recovery surcharge on cargo shipped from 1 October 2025 through 31 December 2025 across its transhipment trades linking Asia, Latin America, Africa, and the Middle East to the Pacific Islands. The surcharge will apply to all equipment types and will be levied in addition to existing freight rates. For dry containers, the surcharge
PFL announces bunker adjustment factor surcharge Pacific Forum Line has announced updated bunker adjustment factor surcharges that will take effect on all shipments beginning 1 October 2025. The adjustments will apply across major trade routes in Australia, New Zealand, and the South Pacific. Under the new structure, shipments moving between Australia and the South Pacific Islands will be subject to a surcharge of US$ 355 per TEU, or US$ 20.88
ABB and Wallenius Marine launch venture for digital fleet optimisation Swiss technology group ABB and Sweden-based ship designer and manager Wallenius Marine have formally established a new joint venture in Stockholm to expand their OVERSEA collaboration, a digital platform aimed at improving vessel efficiency and sustainability. The two companies first introduced OVERSEA in September 2022 as a combined digital solution and fleet-support service. The platform ...
Japan delivers world's first commercial ammonia-fuelled engine Japan Engine Corporation (J-ENG) has claimed a significant step in shipping's decarbonisation drive with the completion of the world's first full-scale commercial ammonia-fuelled engine. The seven-cylinder, 50 cm bore 7UEC50LSJA-HPSCR engine was finalised on August 30, following official test runs at J-ENG's factory in Akashi under the supervision of NYK Line, Nihon Shipyard, Japan Marine ...
Tanker and bulker collide off Singapore The Singapore-registered bunker tanker Marine Dynamo and the Malta-flagged supramax Flag Gangos collided on Monday about 8 km south of Tanah Merah. The Maritime and Port Authority of Singapore (MPA) said the incident was reported at 9.25 hrs local time. Both vessels remain stable, and the MPA has opened an investigation. One crewmember from the ...
General cargo ship damaged by suspected drone-dropped mines in Ukraine A 37-year-old Belize-flagged general cargo vessel, NS Pride, was struck by an unexploded ordnance yesterday while transiting out of the port of Chornomorsk, Ukraine. Multiple explosions were reported as a result of the collision. Maritime security specialists Ambrey assessed it likely that the explosions were caused by an unexploded unmanned aerial vehicle (UAV) downed by ...
Eastern Pacific lines up another boxship spree at Chinese yards Eastern Pacific Shipping (EPS) has expanded its presence in the containership newbuilding market with a fresh series of orders in China. Shipbuilding sources said the Idan Ofer-led Singapore owner has signed contracts for eight 6,000 teu ships at Hengli Heavy Industry and China Merchants yards, with options secured for additional units. The ships are priced ...
Furetank moves ahead with biogas fleet and new carbon trading arm Swedish tanker owner Furetank has stepped up its decarbonisation drive, securing large-scale supplies of liquefied biomethane (LBM) to run its fleet and setting up a new company to trade emission reductions under the EU's FuelEU Maritime regulation. The Gothenburg-based operator will power all of its dual-fuel Vinga series vessels trading in the EU on renewable ...
Danish shipping group USTC pushes back against press attacks United Shipping & Trading Company (USTC), the Danish shipping and logistics group owned by the Østergaard-Nielsen family, has filed a complaint with the Danish Press Council against the daily tabloid Ekstra Bladet, accusing it of breaching press ethics in its reporting on founder Torben Østergaard-Nielsen. The move follows months of front-page criticism linking the billionaire ...
Caravel and Celsius form LNG bunkering JV The Caravel Group and Celsius Tankers have formed a joint venture to co-own and operate a new fleet of LNG bunkering vessels. The joint venture has placed a firm order for two 20,000 cu m LNG bunker vessels at China Merchants Industry Holdings and China Merchants Heavy Industry Jiangsu, with deliveries scheduled for the third ...
Eastern Pacific chemical tanker attacked by the Houthis A chemical tanker owned by Idan Ofer's Eastern Pacific Shipping came under attack from the Houthis yesterday. The five-year-old, 20,000 dwt Scarlet Ray reported an explosion nearby while underway passing the coastline of Saudi Arabia. No casualties or damage to the ship was reported, with the vessel continuing on its voyage. "The timing is significant, ...
Karpowership flips newcastlemax to Winning Shipping In a surprise move, Turkey's Karpowership has flipped a newcastlemax bought earlier this year. Normally vessels acquired by Karpowership are bought with a view to converting them into floating power stations. No so with the 15-year-old Karadeniz Powership Rauf Osman Bey, which has just been sold to Winning Shipping for $33.5m. The Universal-built newcastlemax, acquired ...
Houthi targeting of Idan Ofer tanker highlights northern Red Sea risk A Houthi missile aimed at an Idan Ofer-owned chemical tanker off Saudi Arabia on Sunday marks the most northern maritime...
Marinakis gas carrier and damaged MR tanker heading for shipbreakers While some larger vessels have been sold for scrap of late, supply of vessels to ship recycling yards is said...
Transpacific carriers hold course despite demand drop and rates pressure Despite falling demand and mounting pressure on spot rates, transpacific container carriers are holding firm on scheduled sailings, with minimal...
Systemic enforcement gaps let shadow fleet operate with impunity The growth of the shadow fleet is the fault of structural flaws and weak oversight that needs urgent reform to...
The week in newbuildings: China wins 90% of orders in August A total of 54 containerships were contracted in August with most placed at Chinese shipyards
Cosco Shipping Energy warns of volatile tanker market as first-half profit slumps The outlook comes as the Chinese giant posted a drop of more than 30% in first-half net profit to Yuan1.8bn...
Yangzijiang secures new orders despite headwinds Yangzijiang Shipbuilding has won $920m in new orders, but the pace remains far below last year's $14.6bn record
The week in charts: Bearish vs benign container shipping | Sanctioned tankers exploit Arctic for Russia oil | US-China talks, Panama Canal 'bottleneck' on VLGC rates Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The Daily View: Silver linings
HD Hyundai shipyard workers fear job losses in planned December merger Move comes as labour unrest escalates across HD Hyundai's shipbuilding units, with unions at HD HHI, HD Hyundai Mipo and...
Daily Briefing Resilient ports anchor trade amid the turbulence | From boom to breather: port throughput braces for second-half slowdown | Port...
DP World aims to run Carney-backed Montreal terminal The Montreal Port Authority (MPA) is expected later this fall to announce the winning bid to run the Contrecoeur terminal.
Vietnam air cargo export jump on weaker China demand Air cargo capacity deployed on Vietnam-US routes nearly doubled in August on a year over year basis.
Wallenius Lines snaps up car carrier pair Acquisitions boosts fleet to eight ships
Shipping billionaire makes formal complaint over 'massive criticism' by newspaper Tycoon Torben Ostergaard-Nielsen has had enough of coverage of toxic waste scandal and other stories
Carsten Mortensen-led Dee4 Capital buys ultramax from Ultrabulk Dee4 Oak will be chartered back
'There will be divestment': Project finance investor BlueYield eyes 'attractive' vessel sales Company targets dividend payouts from next year
WinGD becomes first engine designer to join methane abatement coalition MAMII Newest member to bring 'critical technical insight' to support initiative's efforts
Shipowners trading Russian oil tipped to follow European lead on price cap rules Two-tier oil price cap has added confusion to highly complex sanctions rules targeting Vladimir Putin's Russia
Maersk raids container charter market to take Schulte ships Liner giant forward fixes boxship brace for charters starting in 2026
Clarksons looks behind tariff headlines to examine falling shipping volumes Analyst David Whittaker says there is more to demand picture than geopolitical upheaval
Helikon Shipping Enterprises sells second of three bulkers with another on the way The London Greek owner has another deal underway
Houthis move attacks north as Eastern Pacific tanker targeted in Red Sea Militants confirm ballistic missile attack on Idan Ofer-owned vessel
Expanding French owner Jifmar pulls off second big fleet takeover in two years Seacontractors sells smaller offshore vessels after buying DOF anchor-handlers
Broker Affinity (Shipping) profit falls due to rising wages and Vortex takeover London shop's accounts reveal new bank deal and rise in members
Greek tanker hit by blast in suspected sabotage attack to be scrapped Grace Ferrum was damaged while off Libya in February
VLCC rates could have further to fall before 'sharp rebound', brokers believe Balanced tonnage supply picture bodes well in the longer term, market observers say
Yangzijiang banks $920m worth of newbuilding orders The Singapore-listed shipyard inked 22 newbuildings of which 18 were feeder container vessels
New sanctions drive up rates for tankers loading Russian oil Cost of doing business into India hits $6m for a one-way trip
Private-equity powered MacGregor eyes comeback in 'mission-critical' services Historic equipment maker seeks new position in shipping
Upside for John Fredriksen-backed Frontline fuels tanker investment case, say analysts Shares rose 3% in Oslo on Friday
CSSC yards ink close to 60 newbuildings worth around $6.8bn in the first half of 2025 Chinese shipbuilding group has nearly 340 vessels on its orderbook
Container demand drives Cosco Shipping Development profit hike Geographies earning the most were Europe and Hong Kong
Capesize bulkers to spark profit and sway dividend at super-sized CMB.Tech, Clarksons says Dividends could also be on the up if markets strengthen, analysts believe
Idan Ofer-owned tanker attacked by Houthis in Red Sea Houthis confirm ballistic missile attack on Eastern Pacific Shipping vessel
Arrest warrant issued for 'drunk' MSC master who skipped court hearing Ukrainian captain had pleaded not guilty at initial arraignment
Capital Gas sells LNG carrier for demolition, boosting record tally in 2025 Steam turbine vessel heads to breakers' beaches in increasingly busy scrapping year
Idan Ofer-owned tanker reports explosion in Red Sea No casualties or damage reported in what appears to have been an unsuccessful attack
Karadeniz tied to sale of large bulker to Singapore shipowner before turning it into powership Newcastlemax was expected to be converted to power-generation vessel
Explosion hits cargo ship after drone downed by Ukraine military Ukrainian media say the NS Pride was near Chornomorsk
Celsius Tankers and Caravel Group team with leap into LNG bunker vessel sector Long-standing partners ordered newbuildings in their first shipowning venture together
LPG stocks downgraded as DNB sees US export growth 'headwinds' Analyst Jorgen Lian cuts BW LPG, Dorian LPG and Navigator Gas to 'hold'
Singapore's vaping crackdown leaves seafarers at risk of receiving hefty fines if caught Repeat offenders may be barred from entering the country
AET sells two VLCCs to Hong Kong buyers for $88m in en-bloc deal Vessels to be operated by recently formed company based in China
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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