BOEM moves ahead on potential offshore minerals lease sale In line with President Trump's executive order on "Unleashing America's Offshore Critical Minerals and Resources," the Department of the Interior is initiating the process to evaluate a potential offshore minerals lease sale
JUNE 2, 2025
Vigor completes Wenatchee hybrid-electric conversion Vigor Marine Seattle, has completed the M/V Wenatchee hybrid-electric conversion project, marking a major milestone in Washington State Ferries' (WSF) effort to modernize its aging fleet and reduce carbon emissions. The 202-vehicle
New A-O-S G-class vessel M/V Gamekeeper is ready for operations American Offshore Services (A-O-S) reports that it has taken delivery of M/V Gamekeeper, the fourth addition to its growing G-class fleet, from Metal Shark boats. The vessel and is now operational, ready
Hempel launches Hempaguard NB silicone hull coating for newbuilds Until now, applying advanced silicone hull coatings during the newbuilding process has posed logistical challenges for shipowners. Conventional silicone solutions require controlled environments and are typically applied either pre-delivery or in post-delivery
Statkraft advances plans for green hydrogen scheme at Hunterston Europe's largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport - part of Peel Ports Group, the UK's second largest port operator - has exchanged an option agreement with Statkraft to explore the potential development at its Hunterston PARC (Port and Resource Campus) site. The proposed facility
Port of Bilbao wraps up busiest month for cruise traffic May has marked a record month for cruise activity at the Port of Bilbao's terminal in Getxo, with 18 cruise ship calls bringing over 18,000 tourists to the region. The final vessel for the month is scheduled to arrive on 31 May. Since the cruise season began in March, the Spanish port has welcomed 25 cruise ships and 32,643 passengers. The season is expected to run through December, with projecti
Tripoli port shutdown sparks maritime crisis in Libya Libya's shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and sending shockwaves through regional maritime logistics
Klaipeda port embarks on green hydrogen initiative Klaipeda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green hydrogen for maritime vessels, port machinery, and private transport. Construction is set to begin shortly, as the project has now secured the necessary building permit. Algis Latakas, Director General of the Klaipeda State Seaport Authority,
WR Logistics announces new CEO for Italy WR Logistics, a provider of project logistics solutions for large-scale industrial and infrastructure projects, has appointed Massimo Naldini as CEO for Italy. Naldini will oversee all WR Logistics activities in the European country, with a focus on aligning project execution with the needs of industrial clients across sectors such as energy, infrastructure, and manufacturing. Based in Italy, he
Gebrüder Weiss expands operations in Thailand Gebrüder Weiss will open a new country organization in Thailand on June 1 to strengthen its market presence in Southeast Asia and expand its network in one of the world's most economically dynamic regions. "The new country organization allows us to close a strategic gap and create direct connections to central Asia-Pacific markets for our customers," said Lothar Thoma, Managing Director Air & Sea
US Court strikes down most Trump tariffs A US trade court has blocked most of President Donald Trump's broad tariffs, ruling that he exceeded his authority by imposing sweeping import duties, according to Reuters. The Court of International Trade stated that only Congress has the constitutional power to regulate trade, and that this authority is not overridden by presidential emergency powers. The court issued a permanent injunction aga
European Union's new strategic vision for Black Sea In response to escalating regional tensions and the intensifying threat landscape, the European Union (EU) has unveiled a new strategic initiative for the Black Sea region, placing maritime security and connectivity at the core of its priorities. The comprehensive strategy aims to bolster defense readiness, safeguard critical infrastructure, and reinforce regional cooperation, particularly in the
Proposed HMM relocation to Busan sparks controversy South Korean presidential candidate Lee Jae-myung has stirred up controversy after suggesting that the country's flagship carrier HMM and the Ministry of Oceans and Fisheries be relocated from Seoul to the port city of Busan. Former president Yoon Suk-yeol's impeachment, following his failed attempt at imposing martial law in December 2024, has prompted snap elections for 3 June, to elect a new l
Broaden Energy launches first phase of manufacturing facility in KEZAD Khalifa Economic Zones Abu Dhabi - KEZAD Group and Broaden Energy have announced the signing of a 50-year land lease agreement to establish a state-of-the-art manufacturing facility in KEZAD Area A (KEZAD Al Ma'mourah). The agreement was signed at the fourth edition of Make it in the Emirates (MIITE) in Abu Dhabi, UAE. This marks the first phase of Broaden Energy's new manufacturing complex, publ
Gemini Cooperation introduces new Transpacific service Gemini Cooperation, a container shipping alliance between Maersk and Hapag-Lloyd, will launch a new Transpacific service, covering East China and North East Asia to California. The rotation of the TP9 service will be Xiamen (China) - Busan (South Korea) - Long Beach (US) - Xiamen, with Maersk saying that it will offer improved transit times. The TP9 service is expected to connect Busan with Long
MSC makes history by deploying 24,000 TEU megaships on West Africa routes MSC has become the first carrier to introduce ultra-large container vessels with a capacity of 24,000 TEUs to Africa. The deployment of the container vessels MSC Diletta and MSC Türkiye on the Africa Express service marks a transformative moment, connecting major Asian markets, including China and South Korea, through Southeast Asia to key West African ports in Ghana, Togo, Côte d'Ivoire and Came
SAAM Towage showcases decarbonization progress and outlines future vision SAAM Towage presented its progress in sustainable maritime operations at Tug Technology 2025, focusing on its pioneering work with electric tugboats under the Dynamo Project. This initiative began in early 2024 with the deployment of two electric tugs at the Port of Vancouver in Canada. A third unit is slated to enter service in Puerto Chacabuco, Chilean Patagonia, later this year. Pablo Cáceres,
JUNE 2, 2025
Berg Propulsion powers MPCC feeder vessels with bio-methanol optimization NCL Nordland, the second of two advanced 1,300 TEU feeder vessels designed to pioneer bio-methanol usage in container shipping, has officially entered service. Sister vessel Vestland has already demonstrated the effectiveness of the integrated Berg Propulsion package in optimizing vessel efficiency, regardless of fuel source. Owned by MPC Container Ships (MPCC) and chartered to North Sea Containe
Mitsubishi Gas Chemical and MOL take delivery of Japan's first dual-fuel methanol carrier Mitsubishi Gas Chemical Company (MGC) announced the successful delivery of a state-of-the-art dual-fuel methanol carrier, chartered from Mitsui O.S.K. Lines (MOL), on a long-term basis. The vessel was delivered by HD Hyundai Mipo Dockyard on May 30, following a naming ceremony held on May 23, where MGC Chairman Masashi Fujii officially christened the ship Kohzan Maru VII. The 47,960-deadweight-to
Atlantic Forwarding, Atlantic Gate unite under one brand Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. "his rebranding is more than just a new name - it reflects our ongoing commitment to providing personalized customer service, tailored solutions, and world-class freight forwarding expertise across all our global operations," said Daniel Weissenberg
Nuclear-powered vessels gain momentum amid climate push As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and a potential answer to the current challenges of the industry. The recent meeting of Rafael Mariano Grossi, director general of the International Atomic Energy Agency, with leading Greek ship owners to explore the potential of nuclear-powe
Ukrainian ports face new risks after drone strikes on Russia On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory
Mixed response to Suez Canal discounts Container lines are mostly not ready to follow CMA CGM in dabbling with a Red Sea return, notwithstanding the Suez Canal Authority's (SCA's) discounts, as they are not sure it's safe yet
Mersin International Port completes first phase of expansion project Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed the first phase of its US$455 million East Med Hub 2 (EMH2) Terminal. Scheduled for full completion in the first half of 2026, the new terminal will expand MIP's annual capacity from 2.6 million TEUs to 3.6 million TEUs and enable t
GEODIS unveils low-carbon air freight solution GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today (2 June) at the Transport Logistic Trade Fair in Munich, Germany, one of the premier events in the logistics industry. The solution leverages advanced analytics and real-time external flight data to make
Gemini partners on track for 90% schedule reliability target In April, global schedule reliability improved by 1.7 percentage points M/M to 58.7%, the highest level recorded since November 2023, according to Danish maritime data analysis company Sea-Intelligence. On a Y/Y level, the April score was higher by 6.5 percentage points. Maersk was the most reliable top-13 carrier in April 2025 with a schedule reliability score of 73.4%, followed by its Gemini pa
America's Shipbuilding Crisis: A Strategic Vulnerability in an Era of Global Tension As the United States navigates an increasingly volatile global landscape, its shipbuilding crisis has emerged not just as an industrial shortfall but as a looming geopolitical liability. A recent report by the Open Markets Institute reveals how decades of neglect, deregulation, and deindustrialization have left the American nation dangerously exposed at sea economically, militarily, and strategic
How Managed Web Hosting Simplifies WordPress Maintenance and Security Ever felt like managing your WordPress site is like having an extra full-time job? From constant plugin updates to worrying about hackers and random errors, it can get a bit too much, especially when all you want is to run your blog, business, or portfolio smoothly. That's where managed web hosting steps in to make your life a lot easier. Instead of spending hours fixing things or stressing over
Hapag-Lloyd revamps Africa structure with new four-Area setup Hapag-Lloyd has decided to proceed with a strategic restructuring of its Africa organizational setup across the continent. The German shipping company will change its current Area setup from two to four Areas, aiming to secure a broader and stronger presence in Africa. The new Area setup will be supported by the existing Quality Service Center (QSC) in Mauritius. As part of this transformation, t
Wan Hai christens new 13,100 TEU boxship Wan Hai Lines held a ship naming ceremony for WAN HAI A19, accompanied by a charity event on 29 May at Samsung Heavy Industries Geoje shipyard. Huifang Zhang, Logistics Director of Meiying Household Group, performed the christening rituals, bestowing blessings on the vessel for good fortune and safe journeys. Wan Hai Lines had signed a total of thirteen 13,100 TEU boxships with Samsung Heavy Indu
Samskip commences UK-Rotterdam service Samskip will offer a new direct connection between the United Kingdom and the Netherlands. The Rotterdam-based ocean carrier will launch a new shortsea container service calling at the Port of Blyth, enhancing multimodal connections between the UK and key European trade hubs. "This strategic expansion strengthens our presence in northeast England, offering shippers a reliable, cost-efficient and
Container lines report soaring earnings Ocean carriers have reported strong first-quarter results, despite geopolitical challenges and an uncertain market environment. Nearly all major container lines (that officially publish their financial figures) have reported double-digit Y/Y revenue growth, while also recording a combined 2025-Q1 EBIT of US$5.89 billion, according to Sea-Intelligence. "If we look at a comparable set of shipping l
Are You at Risk for Mesothelioma? What You Need to Know According to the Mesothelioma Center, there will be approximately 3,000 new mesothelioma cases in the US at the end of 2025. Occupations and industries such as construction (remodeling and demolition), power plants and chemical refineries, merchant mariners, paper mills, shipyards and steel mills, and jobs involving boilers, pumps, piping or valves, and turbines, and US Navy and Coast Guard perso
Gulftainer announces new CEO Gulftainer, the UAE-headquartered global port and logistics solutions provider, announced the appointment of Farid Belbouab as Group CEO, effective June 1, 2025. Farid Belbouab is a seasoned supply chain and logistics leader with over 20 years of international experience. He joins Gulftainer from Meratus Group, one of Southeast Asia's leading maritime and logistics companies, where he served as C
Monthly Shipping Stocks Highlights Monthly Shipping Stocks: May Sees Market Peak Amid Trade Shifts and Tariff Activity May marked a powerful rally in monthly shipping stocks. Most container carriers recorded substantial gains, driven by a blend of trade dynamics, updated tariff announcements, and tightening supply conditions. The most significant stock price surge occurred mid-month, reflecting a synchronized response to emerging
IT Strategy Planning with Managed Services Providers Struggling to manage your IT strategy while handling countless business tasks? Many companies face this challenge. IT planning can feel overwhelming, especially with technology advancing so quickly. Did you know that businesses with a well-structured IT strategy are 33% more likely to achieve their growth objectives? That's where managed services providers (MSPs) come in. These experts assist bus
Can owners make Chinese ship taxes pay? Non-vessel operating owners (NOO) believe that the introduction of port fees for Chinese-built ships in the United States could benefit them as reorganisations and service realignments will cause disruption
XFcompass Reviews: Understanding the five analytics tools for better investment [xfcompass.com] Today's investment world is constantly changing, and since decisions often have to be made under stressful conditions, having strong analytic tools becomes especially valuable. For example, XFcompass and similar applications permit investors to check data, detect patterns, and make sensible choices. Let's now look at five essential analytics tools that can take your investment planning to a new l
Spain's Ibaizabal linked to trio of LNG bunker vessel orders Spain's Grupo Ibaizabal has emerged behind three newly contracted LNG bunkering vessels in China and South Korea. Shipbuilding sources report the company has lined up a second 18,600 cu m vessel at Chinese state-owned Hudong-Zhonghua Shipbuilding in a deal worth around $90m. The unit is estimated for delivery in 2027 and into a charter with ...
Environmentalists go to court to stop Avangrid's US offshore wind projects Environmental and fishing groups from Nantucket have filed a lawsuit in US federal court in an attempt to challenge the permits for Avangrid's New England Wind 1 and 2 projects off Massachusetts. Environmental group ACK For Whales, the Wampanoag Tribe, Green Oceans, a coalition of charter fishing groups, and seven individuals are asking the court ...
UN nuclear chief meets Greek shipping leaders to advance maritime nuclear propulsion Rafael Mariano Grossi, director general of the International Atomic Energy Agency (IAEA), met with leading Greek shipowners on Thursday to explore the potential of nuclear-powered commercial vessels. The talks come as the UN agency launches ATLAS - Atomic Technology Licensed for Applications at Sea - an initiative aimed at creating a regulatory and safety framework ...
Taiwan cancels two offshore wind projects Taiwan's government has cancelled the development rights for two offshore wind projects from the most recent Phase 3.2 auction. All five developers that were awarded capacity in the offshore wind round submitted their contracts to the country's Ministry of Economic Affairs earlier this month. The five tender winners were originally announced in August 2024, with ...
How tomorrow's ships will operate Thousands of people are making their way to Oslo for next week's Nor-Shipping gathering, a showcase of future technologies. Nick Chubb, founder of UK maritime innovation consultancy Thetius, takes readers into the future, imagining how ships will operate 10 years from now. May 30, 2035 - 0735 UTC Captain Khan: Good morning, Proteus. Proteus: Good ...
Record numbers of vessels abandoned The number of vessel abandonments has soared nearly 33% year-on-year, with 158 cases already recorded by May 2025, compared to 119 at the same point last year, according to new figures released by the International Transport Workers' Federation (ITF). These cases have impacted at least 1,501 seafarers-many of whom have been left unpaid, without food, ...
Fatigue among seafarers on the rise Work-related fatigue among cargo ship crews is growing worse, despite international regulations and onboard monitoring aimed at ensuring sufficient rest for seafarers, according to a new study from Cardiff University's Seafarers International Research Centre (SIRC). The research, which draws on anonymous survey responses and interviews with over 2,400 maritime workers-including 1,240 from the car
Case made for ammonia in the wake of IMO's Net Zero Framework A new study from the UCL Energy Institute's Shipping and Oceans Research Group and UMAS, commissioned by the Global Maritime Forum, concludes that the International Maritime Organization's recently agreed Net Zero Framework (NZF) sends a strong market signal favouring ammonia dual-fuel ships-particularly from the mid-2030s onward. However, ongoing uncertainties in policy design are holding back ...
Appeals court temporarily reinstates Trump tariffs A federal appeals court has reinstated one of president Donald Trump's broadest tariff actions, just one day after the US Court of International Trade ruled the move unconstitutional and blocked its implementation-triggering renewed uncertainty across global shipping and supply chains. On Thursday, the US Court of Appeals for the Federal Circuit issued a temporary stay ...
JUNE 2, 2025
Can global legislation keep up with the ships of the future? In the second instalment from Ship Concept 2035, our brand new magazine, Splash identifies where regulators are enforcing change and where they are not. In global shipping, we often talk about regulation as a good thing - and rightly so. Rules are meant to protect the environment, improve safety and support fair labour conditions. The ...
Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Bohai Ocean Shipping for one of its newcastlemax vessels. The company hired the 2017-built, 208,021 dwt bulker Newport News. The gross charter rate is $25,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of September ...
Union Maritime launches financing scheme to spur wind propulsion use UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions targets. Under the programme, the company will partner with wind-assi
Solvang and BlackRock's GIP form liquefied gas shipping firm Norwegian gas shipowner Solvang and BlackRock's Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang's fleet of 13 VLGCs designed to transport LPG and ammonia, and will pursue growth across LPG, ammonia, ethane, and CO2 shipping. ...
Bumi Armada JV nets three-year FPSO charter in India Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC's Cluster 7 field about 210km off the west coast of Mumbai. The initial agreement between the ...
Flex LNG hammers out $175m refinancing deal for LNG carrier John Fredriksen-backed Flex LNG has arranged a $175m lease financing for its 173,400 cu m Flex Courageous LNG carrier. The JOLCO refinancing deal will generate net proceeds of approximately $42m and extend debt maturity to 2035. The deal will also significantly reduce the cost of debt by around 1.5% per annum. The refinancing of the ...
Wallenius Wilhelmsen locks in $100m contract renewal Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners. The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, emphasized that the deal reinforces a trusted relationship ...
John Fredriksen takes aim at Norwegian government's perceived lack of interest in shipping With the 60th anniversary of Nor-Shipping now underway, Norway's most famous shipowner has used the occasion to voice his displeasure at what he sees as Oslo's lack of interest in shipping. Norwegian-born shipping magnate John Fredriksen has sharply criticised Norway's political climate for maritime business in an interview yesterday with Finansavisen, a leading Norwegian business ...
Record-breaking Nor-Shipping sets sail Celebrating its 60th anniversary Nor-Shipping, this year's most high-profile maritime gathering, gets underway today with future-proofing a central theme running through the week. This year's Nor-Shipping is the largest to date, with expanded exhibition spaces and a comprehensive program of conferences and seminars. Sidsel Norvik, director of Nor-Shipping, emphasised the event's role in fostering
Al Seer and BGN launch JV for midsize LPG and product tankers Abu Dhabi's Al Seer Marine, the ADX-listed subsidiary of the International Holding Company (IHC), and B International Shipping & Logistics, an affiliate of Dubai-based energy trader BGN, have formed a new LPG and product tanker joint venture focused on mid-sized vessels. The newly launched company, ASBI Shipping, has kicked off operations with the acquisition of ...
Marubeni to invest in Gearbulk Japanese trading house Marubeni Corporation has announced a strategic agreement to invest an unspecified sum in Gearbulk Holding, the world's largest operator of open-hatch vessels. "This is not just a financial investment; it's a strategic partnership to grow together," said Jiro Itai, senior managing executive officer at Marubeni. Through its Singapore-based shipping arm MMSL, Marubeni ...
South Africa takes another step on path to creating a national shipping line More than a quarter of a century since Safmarine was sold to Maersk, South Africa is slowly gearing up to found another national shipping carrier. Having been on the drawing board since 2017, Pretoria is now finalising plans to create a national shipping line with the department of transport inviting shipping companies to take part ...
Faster, greener shipping route launched in Vietnam DP World, in partnership with VIMC Container Lines Joint Stock Company (VIMC Lines), has launched a new coastal and river transport service that is said to cut cargo transit times by 70%. The so-called Mekong Express service connects inland port Cai Cui and deepwater port Cai Mep twice weekly, significantly cutting down travel time from ...
ADNOC inks molten sulphur carrier order Abu Dhabi National Oil Company (ADNOC) is boosting its molten sulphur logistics by commissioning a new specialised tanker. Clarksons reports the UAE state-owned energy giant has placed an order with Jiangsu Zhenjiang Shipyard in China for the construction of an 11,000 dwt carrier, scheduled for delivery in 2027. Financial terms have not been disclosed. ADNOC ...
Increased demand for illicit weapons trade expands North Korea-Russia maritime trade Russia and North Korea have ramped up the flow of maritime trade amid increased demand for bulk cargos of munitions
Britannia expected to unveil substantial underwriting loss Combined ratio could be the highest in the International Group
Cultivating the crew for a future fleet The Eugenides Foundation has a road map for reforming maritime education in Greece, but attracting and retaining a new generation...
IMO deal shines light on bumpy road to 2050: ClassNK chief ClassNK's Suga says the IMO's draft net zero framework has pointed to a clearer direction toward decarbonising shipping by 2050...
Capital goes ahead with two more LNG dual-fuel boxships in South Korea Exercising two options takes Greek owner's recent boxship spree to 20 ships
Why governments are turning up the heat on flag states Raise your game or have it raised for you
SCFI spikes as transpacific spot rates post record weekly gains US importers are bringing in more cargo from China, despite extreme uncertainty over tariff levels, pushing transpacific spot rates to...
Sales of China-built secondhand bulkers stabilise after USTR levy update Bulk carrier sale-and-purchase activity in the past week was dominated by China-built ships with several kamsarmax and supramax units changing...
Saudi-backed Folk Maritime's aggressive growth strategy shows little sign of slowing Folk Maritime has made a rapid ascent in regional shipping. In just over a year, the Saudi-backed carrier has launched...
The Daily View: Tariffs: firmly adhere to unsettled convictions
Daily Briefing US court rules against tariffs but 'Trump 2.0 trade wars aren't over yet' | Vessel traffic slows to trickle at...
JUNE 2, 2025
Not as bad as feared for dry bulk, but no 'miracle' profits expected At the tail end of 2024, there was talk of a disaster scenario for dry bulk this year, courtesy of...
First ship enters Houthi-controlled Al Salif since May air strikes Vessel traffic has partially resumed at Houthi-held Al Salif port, with a new ship arriving on Saturday for the first...
'We're back in business...' say Greek yards Against the odds, Greece's largest three shipyards are all under dynamic management and are looking to grow - but they...
Chinese ship lessors push for mortgage lending approval to weather US port fee storm Facing mounting pressure from new US port fees, Chinese ship leasing companies - now major players in global ship finance...
High demand sees boxship charter rates rise across all size segments Container line operators are willing to pay premium rates for short-term fixtures, as US tariff uncertainties means carriers are reluctant...
HMM signs 10-year transport contract with Vale To expand its fleet of bulk carriers, the South Korean shipping company purchased nine secondhand dry bulkers after the first...
CMA stalwart Jim Lawrence dies Jim Lawrence was one of US shipping's most significant figures in recent generations. He was a bridge-builder between big personalities...
The week in charts: SCFI spikes as transpacific spot rates post record gains | Traffic slows to trickle at Yemen's stricken ports | VLCC rates return to January levels Spot rates still down year on year, but gap narrowing for transpacific trades; Israeli officials estimated the May 16 air strikes...
The week in newbuildings: orders valued at $2.6bn signed New orders in the past two weeks were dominated by the containership and tanker sectors
Biofuels for shipping are already scarce Biofuels will be the main option for compliance with green rules in years to come, but they have a long...
Sweden steps up Baltic shadow fleet inspections 'We must plan for the worst' says Swedish prime minister as government raises concerns that shadow fleet is circumventing international...
The Daily View: The other dark fleet
Daily Briefing Increased demand for illicit weapons trade expands North Korea-Russia maritime trade | IMO deal shines light on bumpy road to...
Acquisition expands Canada's Mullen Group customs brokerage, forwarding The acquisition of Cole Group brings Mullen trade consulting and additional non-asset logistics leverage in the US and Canada.
Asia port disruption wave reaches Singapore That the port is the largest transshipment hub makes it convenient for carriers to transship cargo as they redeploy vessels from European and other long-haul trades to US-focused services.
Congress, states join DOT targeting non-English-speaking truckers Trucking executives don't believe a crackdown on truck drivers who can't speak or read English will significantly reduce truck capacity.
J.B. Hunt launching Quantum de Mexico for time-sensitive cross-border freight To achieve the promised 95% on-time performance, J.B. Hunt will require a strong collaboration with BNSF Railway and Grupo México Transportes (Ferromex) to navigate challenges in cross-border rail.
JUNE 2, 2025
Disruption lingers at Mexico's Manzanillo port weeks after brief strike While terminal operators had hoped that problems stemming from the mid-May work stoppage would be mostly over, forwarders are still reporting cargo delays.
Asia-Europe ocean rates spike on congestion, capacity shift Labor shortages and low water levels in Europe are intensifying persistent port bottlenecks, while the trans-Pacific demand is pulling vessels out of Asia-Europe.
Global uncertainty to erode ocean carrier profits in 2025 Ocean carrier profits this year are expected to be less than half of what they were in 2024 amid an uncertain macroeconomic outlook.
Shippers mull new lease on life for overage multipurpose vessels An aging MPV fleet is causing concerns for shippers and forwarders in a market where the fleet has limited capacity to accommodate cargo growth.
The other tariff tools in Trump's trade arsenal if court challenges succeed Commerce Department and US trade representative mechanisms could allow president to recreate tariffs
Hansson family answers Nordic American Tankers criticism with its wallet Insider move for more shares follows Jonathan Chappell's views on 'underperformance'
Shadowy tanker heads for Syria after Trump waiver paves way Suezmax signalling Baniyas as a destination following waiver on imports
Wavelength podcast: Ammonia a 'no brainer' but LNG supporters answer back Plus, IACS argues for remote surveys as technology complexity ramps up and why Trump has put tacos on the menu
LNG advocates fight back against ammonia 'no brainer' claim Sea-LNG says academic analysis of IMO greenhouse gas impact ignores real world economics
US tariff turmoil spurs near record 30% jump in container freight rates Surging Transpacific spot rates are having a knock-on effect on other other trades
Pan Ocean books first VLCC newbuildings in five years South Korean company is set to spend $254m on crude pair
How novel financing supported four-ship retrofitting project Ten technologies, four vessels and 15% of the $127m project up front by owners
Drone disruption fails to slow flow of Kazakh oil to Black Sea terminal The international Caspian Pipeline Consortium carried 28m tonnes of crude to Novorossiysk in the Black Sea
Braemar cuts executive bonuses to zero amid strategy reset UK broker's top two directors are £2.5m down on last year following decision by pay committee
Europe's biggest ship repair facility enters new space with Energos FSRU job Energos Winter calls at the Sea of Marmara as LNG import player ponders future of its regas units
Stena AB falls to loss as chartered tanker fleet shrinks Giant Swedish group says liquidity remains healthy following weaker first quarter
Libyan militia threatens to block tanker exports after 'assaults' on state oil giant Latest potential disruption linked to disputed 'storming' of national oil company's headquarters
Capital Maritime bumps up container ship newbuilding haul Greek owner seen adding to boxship stash with more LNG dual-fuel tonnage
Lidl shipping wing splashes $600m on new container vessels Five neo-panamaxes mark bold move for subsidiary of supermarket chain
Russian captain denies manslaughter charge after North Sea tragedy Vladimir Motin is due to go on trial next year following death of seafarer in fiery collision
Bahri VLCCs to ship out Red Sea crude as Japan's Taiyo Oil changes tack Importer is cutting costs by taking cargoes on a cost, insurance and freight basis
Sempra gets US export green light for Phase II of its Port Arthur LNG project Trump administration has approved more than 21.6 mtpa of new exports
Tanker crewmen still under suspicion in Christmas cable sabotage probe Repair work will cost up to €60m, Finnish utility says
Bahri VLCCs to ship out Red Sea crude as Japan's Taiyo Oil changes tack Importer cutting costs by taking oil cargoes on a cost, insurance and freight basis
Sempra gets US export greenlight for Phase II of its Port Arthur LNG project Trump administration has approved over 21.6 mtpa of new LNG exports
Seaworld suezmax tanker forges new US route for Kazakhstan crude exports CPC blend reaches west coast for first time via Panama pipeline
Forgotten document anchoring 170 years of P&I history - and an antitrust surprise Shipwreck remains and handwritten records trace the evolution of one of shipping's longest-running insurance systems
Sanctioned Russian shipyard returns to profit on business from blacklisted owner Nizhny Novogorod plant boosts revenue as it builds series of vessels for sanctioned owner
'A year-and-a-half of underperformance': Evercore ISI lets loose on NAT Herbjorn Hansson's suezmax pure play has failed to capitalise on a years-long bull run in tankers, says Jonathan Chappell
Seaworld suezmax tanker forges new US route for Kazkhstan crude exports CPC blend reaches west coast for first time via Panama pipeline
Going nuclear: Greek shipowners wooed in atomic propulsion push IAEA head Mariano Grossi promotes initiative to devise common rules for nuclear, carbon-free shipping
'Problem brewing': Shipping firms risk big fines and expulsion as EU emissions trading deadline looms Shipowners under spotlight over emissions reporting cutoff
Espen Fjermestad exits as CEO as Standard Supply remains shipless Norwegian investor Oystein Stray Spetalen rejigs Oslo-listed former PSV operation
Clarksons and DNV chart the rise of green tech take-up More than 41% of the fleet has at least one energy saving device installed
'Like picking money off the streets': Harald Fotland opens up Odfjell green tech drive Shipowner set to empty its toolbox of energy efficiency options after a decade of change
Appeals court gives Trump tariffs a temporary lifeline Temporary stay on enforcement of lower court's order will allow tariffs to stay in place while legal battle continues
JUNE 2, 2025
Nissen Kaiun inks order for product tanker newbuilding at HD Hyundai yard Company now has three LR2 newbuildings on order with the shipbuilding giant
The $800,000-per-voyage question: Will shipping face combined IMO and EU carbon costs? If applied together at currently planned level, EU regulations make up 62% of carbon costs on transatlantic route
Shipping remembers Jim Lawrence as 'a gentle force who brought people together' Outpouring of praise for the man who founded Marine Money and lifted Connecticut's maritime image
New US ethane restrictions put strong export volumes to China 'at risk' Howard Lutnick's Commerce Department issues licensing requirements that include butane
Surveyors struggling with rapid technology advances, reveals IACS chair Roberto Cazzulo argues for closer class-industry collaboration and wider adoption of remote surveys
Investment giant BlackRock targets growth in clean gas shipping as it signs LPG venture with Solvang Solvang Gas Carriers will own fleet of 13 VLGCs
Safety shortcuts put under-pressure seafarers in danger, major study finds Study finds rapid port turnaround raises the risk of accidents on containerships
Uglands Rederi sees bulker demand rising after beating the market in 2024 Norwegian owner is betting on index-linked rates ahead of expected rises
Uglands Rederi says falling ship prices could represent interesting opportunities Norwegian owner is holding back for now, but that stance may shift
Tor Olav Troim-backed VLCC owner brings in Vidar Hasund as finance chief Oslo-listed Bruton gives 2020 Bulkers and Himalaya shipping exec his third job
'Ripple effects': How Trump's steel tariff hike could hit dry bulk, ship recycling and the global economy Most direct impact will be felt by supramax and handysize bulker market
'We need inclusive networks in shipping,' says Wista Norway president Captain Jaquelyn Burton was once told 'women don't belong on ships'
CoolCo takes plunge on reliquefaction retrofits as it upgrades LNG fleet Two down, three to go as company nears midpoint in diesel-electric vessel revamp project
Dark fleet ships to rise again in mainstream shipping Jan Dieleman, head of ocean transportation at Cargill, says not all dark fleet ships will go directly to the breakers
Wallenius Wilhelmsen adds three more years worth $100m to deal with car maker Norwegian shipowner says contract 'solidifies partnership'
Sanctioned Russian shipowner plots legal fightback over EU blacklisting Volga Shipping says it sold its tanker fleet in 2023 and no longer hauls liquid cargoes
Athens owner Naftomar emerges as frontrunner for BP product tanker sextet Zein family gas carrier firm may be doubling its tanker bet at a single stroke
'Flagrant violations': Millions of rounds of North Korean ammunition hauled by Russian-flagged ships Group of 11 countries calls for greater scrutiny on rising flow of trade between two nations driven closer by war
As Opec opens the taps, gains for tankers may be more modest, analysts say Exporting group adds another 411,000 barrels per day to output
Hoegh Autoliners joins global sustainability initiative launched by King Charles III Signatories agree to align their businesses with a 'Terra Carta' mandate
Shipyards hold Mozambique LNG berth slots open until end-August 'Deathly quiet' times take hold of LNG newbuilding sector
Natural gas players downbeat on US-South Korean LNG carrier fleet hopes Hanwha Ocean is looking to beef up Philly Shipyard
'Gas in the tank': cash is king for John Fredriksen amid global uncertainty Shipping tycoon says shares currently look more attractive than vessels
Clarksons brings in former Mercuria expert Bart Bream for new tech chief role Experienced IT professional will lead broker's drive to scale its digital operations
Al Seer teams with trader to form new tanker and LPG carrier company Abu Dhabi owner links with BGN to operate clean tankers and midsize gas ships
Wilh Wilhelmsen invites investors to sell shares worth $16m Reverse stock auction ends on Tuesday
Fortescue Metals founder Andrew Forrest: 'I will be deeply ashamed if maritime isn't greener by 2030' Forrest, who holds a doctorate in marine ecology, calls for global action on preserving marine life
Dutch shipbroker moves into gas through LNG carrier and LCO2 orders in China RensenDriessen says it has organised a deal for three new ships
'Against my advice': Peter Dohle bosses split over ordering Chinese newbuildings due to Trump policy Dr Gaby Bornheim says she was against orders at Guangzhou Shipyard because of US port fees
Trump's port fees tackle Chinese shipbuilding dominance, but not in the way shipping wants Heads of shipping organisations say changes needed, but US is going about it the wrong way
Swedish coastguard scrambles to refloat two vessels. Seafarers arrested Crew members arrested for gross negligence
Sanctioned Russian shipowner plots legal fight-back over EU blacklisting Volga Shipping says it sold its tanker fleet in 2023 and no longer hauls liquid cargoes
John Fredriksen says shipping is 'almost wanted away' in rant at Norwegian government Norwegian-born tycoon says there is a lack of qualified staff and Oslo bourse's influence is waning
Sweden tightens insurance net on 'shadow fleet' in Baltic Sea EU nations step up coordinated action against Russia-trading vessels
Asian shipping and logistics player inks container ship series as it plots new trade routes Liner company is planning to expand routes
Union Maritime launches lease financing scheme to boost wind propulsion take-up London-based owner teaming up with sail and rotor producers to help fund retrofits
Flex LNG taps Japanese lease financing on 'very attractive' terms Owner plans two more vessel refinancings to optimise balance sheet
Pirates kidnap injured seafarer in cargo ship raid Reefer was boarded by seven armed men off Sao Tome and Principe
Indonesia mulls partnerships with Chinese shipyards to boost shipbuilding sector Collaboration between governments and private sector is key to pushing sector to international standards
Shipyards hold Mozambique LNG berths slots open until end-August 'Deathly quiet' times take hold of LNG newbuilding sector
Singapore to conduct first bio-methane bunkering trial with CMA CGM MPA will also partner French ports to improve port call optimisation
New US trade policies have Norwegian owners exasperated ahead of Nor-Shipping Norwegian-owned fleet among world's most valuable, according to Clarksons stats
Swedish coastguard scambles to refloat two vessels. Seafarers arrested Crew members arrested for gross negligence
Canada Post asks government to hold employee vote on contract offer Canada Post, in a sign it has lost patience with leadership of the Canadian Union of Postal Workers, has asked the Canadian government to put its latest contract offer to employees for a vote.
Electric barge will help get Nike from factory to port Liner operator CMA CGM and launch customer Nike are partnering on an electric barge project in Vietnam.
JUNE 2, 2025
Airlines lower air cargo forecast amid escalating trade war The airline industry's largest trade association is predicting much slower cargo growth in 2025 as rising tariffs dampen trade activity or shift it to ocean transport.
Texas port completes $625M ship channel deepening project The Port of Corpus Christi, Texas, announced the completion of its $625 million, six-year ship channel expansion.
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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