VIDEO: New TRAnsverse tug Svitzer Barrington arrives in Newcastle, Australia With the arrival of Svitzer Barrington, the first of two state-of-the-art TRAnsverse tugs ordered by Svitzer Australia, maritime operations at the Port of Newcastle, New South Wales, are set for a significant
Eastern Shipbuilding wins $714.5M Washington State Ferries contract Washington State Gov. Bob Ferguson announced yesterday that he has selected the $714.5 million bid from Florida-based Eastern Shipbuilding Group to build three new 160-vehicle hybrid-electric ferries. Two shipyards had bid for
Maersk implement PSS on US & Canada west coast routes Maersk has announced an upcoming Peak Season Surcharge (PSS) for shipments from the Indian Subcontinent and Middle East to the West Coast of the United States and Canada. The surcharge will take effect on August 1, 2025, and applies to cargo originating from several countries across the region. Affected countries include the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan,
Danelec earns DNV E27 cyber security approval Danish maritime tech firm Danelec, has received the latest DNV E27 cyber security type approval for the innovative Onboard Insights solution, in order to strengthen its position at the forefront of maritime cyber security. The E27 standard is DNV's most advanced framework for cyber protection in maritime systems. It reflects the growing need for secure, connected solutions as the shipping sector
BIMCO Shipping Number of the week: US grain shipments jump 9% despite Chinese tariffs "During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes," says Filipe Gouveia, Shipping Analysis Manager at BIMCO. In March 2025, China introduced higher tariffs on US grain shipments, signi
Maersk announces PSS for Indian subcontinent and Middle East to U.S. East coast and Gulf Maersk has announced a revised Peak Season Surcharge (PSS) set to take effect on August 1, 2025, for shipments moving from the Indian Subcontinent and Middle East to the U.S. and Canadian East Coast and Gulf ports. The surcharge applies to cargo originating from countries including the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman
Chittagong port sees 4% growth in box handling in FY25 Bangladesh 's prime seaport, the Chittagong port, has attained 4.01% container handling growth in fiscal year 2024-25 that ended on June 30. Port data shows that in the just concluded fiscal year, the port handled some 3.296 million TEU containers, up from handling of 3.168 million TEU containers in fiscal year 2023-24
COSCO joins methanol movers in container shipping COSCO Shipping Lines has become the next mainline operator to deploy large methanol-propelled container ships, emulating green fuel pioneer Maersk Line, the South Korean carrier HMM, and the French Line CMA CGM, according to Alphaliner
Konecranes in order to supply 39 industrial cranes Konecranes has landed an order to supply 39 industrial cranes to Hitachi Energy's upcoming transformer production facility in Mustasaari, Finland. The cranes, designed to meet the exacting demands of transformer manufacturing, will be delivered by the end of 2026. Konecranes will supply four SMARTON cranes, each equipped with a main hoist rated for up to several hundred tons, and an auxiliary hoi
Freightos: Weekly update The July 9th expiration date for the White House's pause on April's reciprocal tariffs on a long list of countries is rapidly approaching. The administration says it is aiming to wrap up negotiations with its ten largest trade partners after July 4th, and may unilaterally set tariff levels for other countries soon. Both the US and the EU recently expressed confidence that they will reach an agree
BHP Charters Ammonia-Fuelled Bulk Carriers from COSCO According to Reuters, BHP has signed a new charter agreement with COSCO Shipping for two ammonia dual-fuelled Newcastlemax bulk carriers, reinforcing the Australian mining giant's commitment to reducing its maritime emissions. Scheduled for delivery in 2028, the vessels will be chartered for five years and primarily deployed on BHP's key iron ore route between Western Australia and Northeast Asia
Wärtsilä Signs New Contract with Alpha Gas Wärtsilä has entered into a five-year Lifecycle Agreement with Athens-based Alpha Gas, covering two LNG carriers equipped with Wärtsilä 34DF engines. The deal, booked in Q2 2025, aims to boost operational insight, availability, and maintenance cost predictability for the vessels. Under the agreement, Wärtsilä will provide 24/7 remote expert support, advanced diagnostics, and proactive maintenance
Bureau Veritas launches unified cybersecurity business Bureau Veritas has officially launched "Bureau Veritas Cybersecurity," merging its recent acquisitions Secura and Security Innovation into a single global entity. This new organization aims to strengthen the Group's cybersecurity services and expand its reach, particularly into the Asia Pacific region. Effective July 1, 2025, Bureau Veritas Cybersecurity will unify the company's offerings across
Kalmar launches next-generation lithium-ion battery technology Kalmar has announced the launch of its second-generation lithium-ion (Li-ion) battery technology, bringing a significant performance boost to its lineup of electric counterbalanced cargo-handling equipment, including reachstackers, empty container handlers, and forklifts. The new battery system, which is already available globally in configurations compliant with European standards, promises long
Kongsberg Maritime to supply propulsion system for Colombian Navy Kongsberg Maritime has secured a contract with Damen Naval to provide twin Controllable Pitch Propellers (CPP) and shaftlines for the Colombian Navy's upcoming frigate, part of the Plataforma Estratégica de Superficie (PES) program aimed at modernizing Colombia's naval fleet. The new frigate, based on Damen's modular SIGMA design, will be constructed by COTECMAR and Damen Naval starting at the en
ECT Euromax moves closer to emission-free operations Hutchison Ports ECT Rotterdam (ECT) kicked off its ambitious plan to electrify its operations at the Euromax terminal. ECT celebrated the signing of the "E-HERO" Grant Agreement under the European Union's "Connecting Europe Facility" (CEF) program. The initiative marks the start of the terminal's transition to a fully electric fleet of automated guided vehicles (AGVs), supporting ECT's goal of b
Port Houston marks major milestones in June Port Houston celebrated key achievements including federal funding for the Houston Ship Channel Expansion - Project 11, strong cargo volumes, and record community grants. Chairman Ric Campo highlighted the $161 million federal investment secured in the President's FY26 Budget to complete Project 11, along with $53 million earmarked for ship channel dredging to maintain vessel access. Campo praise
Goltens joins forces with Frese Goltens Worldwide, a leading name in marine retrofit and green technology solutions, has been appointed as a non-exclusive global sales agent and preferred installation partner for the Frese FUELSAVE® System, developed by Denmark-based Frese A/S. Under this new agreement, Goltens will promote and sell the energy-saving Frese FUELSAVE® System for retrofit applications across key maritime markets w
Maersk adjusts UCLA service Maersk has announced a strategic adjustment to its UCLA service that will see the return of southbound import operations to Brasil Terminal Portuário (BTP) in Santos, Brazil, starting mid-July. Effective July 13, Maersk will shift the UCLA service's southbound import operations from DP World Santos back to Brasil Terminal Portuário (BTP), aiming to boost efficiency and strengthen regional connect
Iranian firm moves to acquire Russian Caspian port terminal According to Reuters, Iran's Nasim Bahr Kish has submitted an offer to acquire full ownership of Russia's Astrakhan Port, including the 25% stake held by the Russian state. Astrakhan Port operates a key terminal on the Caspian Sea, in the southern Russian city of Astrakhan. The proposed deal, valued at approximately US$5.6 million, would give the Iranian firm full control of the terminal, which h
Saudi Global Ports Takes Over Key Terminals Saudi Global Ports Group (SGP) has officially begun operations at several major multipurpose terminals along the Eastern Coast of Saudi Arabia, following the start of its 20-year concession agreements with the Saudi Ports Authority (Mawani) on July 1, 202 The newly assumed terminals include facilities at King Abdulaziz Port in Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Por
Trump hints at softer Iran sanctions: Potential impact President Donald Trump's off-the-cuff remark in The Hague last week that Iran will need money to put that country back into shape has sent tremors through Gulf shipping circles. Coming barely a month after he ordered the US Treasury to let China continue to purchase oil from Iran, the comment suggests Washington could slow-roll its maximum-pressure campaign even as formal sanctions remain on the
ANL announces peak season surcharge for shipments to New Zealand ANL will introduce a peak season surcharge for all shipments starting 1st August 2025 due to an imbalance between supply and demand. The surcharge will apply as follows: for North & South East Asia to New Zealand, the charge will be US$ 350 for a 20' ST, US$ 700 for a 40' ST & HC, USD 350 for a 20' RF, and US$ 700 for a 40' RF & RH. Similarly, for the Indian Sub-continent & Middle East to New Zea
Port of Gothenburg signs agreement with Inter Terminals The Port of Gothenburg has entered into a 25-year agreement with Inter Terminals Sweden, one of its largest energy sector clients. This deal is set to enhance long-term stability and predictability, fostering an environment conducive to additional investments in the ongoing energy transition of both parties' operations. On July 1, the two parties finalized lease agreements for both above-ground a
Yinson Production secures $1.17bn refinancing for FPSO Maria Quiteria Singapore-based floater owner and operator Yinson Production has announced a successful placement of $1.168bn in senior secured notes issued by Yinson Bergenia Production, the owner of the FPSO Maria Quitéria. The FPSO is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte field, offshore Brazil. The unit is installed at a ...
TGS bags offshore wind site characterisation gig off Norway Oslo-listed seismic data specialist TGS has won a contract for offshore wind site characterisation, including acquisition, imaging, and interpretation services offshore Norway. The vessel Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin concurrently. Data acquisition and the final data delivery to ...
Marinakis stacks LNG carrier orderbook in South Korea Greek shipowner Evangelos Marinakis, through his Capital Group, has placed a fresh order for four LNG carriers with South Korea's HD Hyundai Samho Heavy Industries. The deal, worth around $1.03bn, involves 174,000 cu m newbuilds, priced at $257m each, with final delivery expected in the second half of 2028. The order is part of a ...
Integrated Wind Solutions wins first deal for newly delivered CSOV Commissioning service operation vessel (CSOV) owner Integrated Wind Solutions has secured the first contract for a newly delivered vessel. The contract was awarded to its subsidiary, IWS Fleet, and its fifth CSOV, IWS Moonwalker. The vessel will work under a 200-day charter contract plus options with an undisclosed existing client. According to the company, the ...
Jackup barge sinks in Gulf of Suez, four dead Four crew members died after a jackup barge owned by Saudi oil and gas driller ADES capsized on Tuesday evening, some 300 km south of the Suez Canal. Egyptian authorities said that the incident happened off Ras Ghareb, located on the African side of the Gulf of Suez, around 130 nautical miles from the southern ...
TS Lines locks in up to 10 newbuilds at Huangpu Wenchong Taiwan's TS Lines has bolstered its newbuilding programme through a new deal with a Chinese shipyard, Huangpu Wenchong Shipbuilding The intra-Asia focused carrier has commissioned five firm and five optional 5,000 teu vessels, each priced at about $62.5m and scheduled for delivery in 2028, according to shipbroking sources. The Guangzhou-based yard has become a key ...
PTTEP taps Velesto jackup for 15-well campaign The offshore drilling unit of Velesto Energy has won a contract from PTTEP for one of its jackup rigs to work offshore Malaysia. The contract was awarded by PTTEP HK Offshore and PTTEP Sarawak Oil for its 2025-2026 drilling campaign in Malaysia. Under the contract, Velesto will assign the 2014-built jackup rig Naga 5 to ...
Neptune Leasing strikes sale and leaseback deal for seven GEOS PSVs Harris Antoniou-led Neptune Maritime Leasing has entered into a sale and leaseback facility for the seven-vessel platform supplier fleet of Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS). Neptune Leasing said that GEOS drew six of the seven tranches available under the new $95m facility for the Energy Duchess, Energy Empress, Energy Pace, Energy ...
Ørsted terminates deal for Cadeler's newbuild Denmark-based Cadeler has received a notice of termination from compatriot utility Ørsted for a long-term agreement for one of its wind farm installation newbuilds. The newbuild was booked to install turbine foundations at Ørsted's Hornsea Three offshore wind farm, commencing in 2026. The vessel then won a deal in April for work on the Hornsea ...
Has shipping painted itself into a CO2 corner? Pierre Aury discusses all things nuclear shipping. The first wind-powered boats were sailing more than 5,000 years ago. Wind propulsion reached a golden age of sail in the mid-19th century, and the last commercial ocean-going sailing ship was the Pamir, which sank off the Azores in 1957. Built in 1905, she was 114 m long ...
Mitsui E&S presses ahead with hydrogen-powered port equipment project Mitsui E&S has been selected for a subsidy from Japan's New Energy and Industrial Technology Development Organization (NEDO) to accelerate development of a hydrogen refuelling system tailored for next-generation cargo handling equipment, a step toward decarbonising port operations and scaling up the adoption of hydrogen-powered machinery at container terminals. The project will see Mitsui E&S ...
HMM moves to expand Algeciras terminal South Korean carrier HMM has submitted a letter of intent to expand its terminal in Algeciras, Spain. The plan, lodged with the Algeciras Port Authority, outlines an €150m ($177m) expansion project. HMM itself will invest €35m, with the remainder funded by CMA CGM, the terminal's second-largest shareholder, along with external financing. The terminal, TTIA, is ...
Iran seeks to take over Russia's Astrakhan port Iranian logistics and shipping firm Nasim Bahr Kish has submitted a formal bid to acquire full ownership of Russia's Astrakhan port, including a 25% stake currently held by the Russian state. The proposed RBL437.5m ($5.6m) deal would give the Tehran-based firm complete control over one of the Caspian Sea's most critical transhipment terminals, as Iran ...
BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds BHP has signed five-year charter contracts with COSCO Shipping Bulk for two ammonia dual-fuelled newcastlemax bulk carriers. The two 210,000 dwt vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia. BHP vice president of maritime and supply chain excellence, Emma Roberts, said: "We believe this investment ...
Shadow fleet scrutiny thought to be behind English Channel diversions Germany says that enhanced surveillance and repeated requests for documentation is 'increasing the pressure on the Russian shadow fleet and...
MSC ship sails through Bab el Mandeb for first time since Red Sea exodus MSC Antonia, which ran aground off Jeddah in May, has become the first MSC-operated vessel in 18 months to transit...
LR projects 'about 300' more LNG carriers needed by 2035 Wave of new ordering predicted, as new liquefaction projects in US and elsewhere advance
A lack of basic seamanship skills is undoing vessels when jammed Increased jamming and spoofing is putting crews under pressure
Neptune Leasing seals $95m in refinancing for Golden Energy Offshore fleet Sale-and-leaseback transactions for seven offshore vessels seen as a 'game changer' for Norway-based operator
Secondhand bulk carrier sales rise in June as asset values soften across most segments Bulk carrier values across all size segments and age groups have either remained flat or have decreased in the past...
HMM and CMA CGM to expand Algeciras terminal Throughput at the terminal will increase by nearly a third when the first phase of the expansion is complete, rising...
How will the IMO reward wind power The IMO has work to do to calculate out how much to reward wind power when taxing ships for their...
The Daily View: Waiving flags
BHP charters two ammonia-fuel newcastlemaxes from Cosco Move is framed by the mining giant as an emissions-reduction milestone for iron ore shipping
Daily Briefing Fake flags flow through Baltic as an uneasy stand-off continues | US lifts sanctions on occupied territory callers while ending...
Excess capacity sinks planned July 1 rate increase in eastbound trans-Pacific The fresh capacity carriers rushed into the US' busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes.
Yang Ming hit with new FMC complaint over service contracts The complaint from Dollar General alleges the carrier sold more of its capacity in the high-flying spot market of 2021, leaving shippers under fixed-price contracts in the lurch.
Growth in West African ports opens new transshipment options for MSC The deployment of 24,000-TEU ships on its Africa Express service allows the carrier to better leverage billions of dollars invested in West Africa in recent years, reducing exposure to congested North European ports.
HMM, CMA CGM to expand key Mediterranean transshipment hub The $177 million plan to enlarge Spain's TTI Algeciras is in line with the strategy of ocean carriers to diversify revenue and exert greater control over their supply chains.
KNOT Offshore strikes deals to buy shuttle tanker and sell another with a leaseback New York-listed shipowner also launches share buyback
Hanwha Shipping inks order for third VLCC as it eyes LNG tonnage for the US South Korean shipbuilder's shipping arm set to pursue re-flagging LNG carriers to US
Tanker cash: Performance Shipping becomes third Greek player to tap Nordic bond market New York-listed tanker owner follows Navios and Contships with $100m deal
Container ships prop up Clarksons index as remaining sectors plunge 31% in first half ClarkSea index loses only 5% in the first half as box sector shrugs off tariff environment
Billionaire investor names new ABBank boss following buyout New controlling shareholder Aristotelis Mistakidis installs former JP Morgan man Aristeidis Vourakis at the helm
Delfin Midstream books in yard and equipment maker ahead of US FLNG project go ahead Company snares floater delivery in 2029 as it prepares for fall final investment decision
Capesize spot rates cut in half from early summer highs Index assessment has almost halved over the past two weeks
'Charterers spoilt for choice' as VLCC spot rates fall into summer slumber Some recent fixtures have dropped below $20,000 per day
How to tackle an explosive battery fire, according to man who battled Norwegian ferry blaze Marine battery and car carrier fire risks raise issues of mandatory training for crews
Greek owner 'weighs strategic fleet options' after sale of product tanker pair Paradise Navigation considers its next steps after parting with 20-year-old tankers
Friends reunited: Cadet class of 1985 reunion offers lessons from a life at sea Forty years after embarking on their maritime adventure, 12 cadets reunite and review lessons learned
German owners cash in with more boxship sales as values remain strong Leonhardt & Blumberg and Briese both sell their third container ships in year-to-date
Billionaire investor names new ABBank boss following takeover New controlling shareholder Aristotelis Mistakidis installs former JP Morgan man Aristeidis Vourakis at the helm
'Geopolitical hedge': DNB equity fund bets on shipping giants Frontline and BW LPG in protection play Portfolio manager Einar Johansen also holds Hafnia, Star Bulk Carriers and Hoegh Autoliners
'Biggest and longest' FPSO bond ever sold in $1.2bn deal by Yinson Production Malaysian group says milestone transaction set a new benchmark for the sector
Swedish owner Fjordtank buys tanker from Sirius Rederi Ship will be on chartered to Bunker One after deal
Navios Maritime lines up $460m newbuilding order The company is opting for conventional marine fuel for a series of 8,000-teu boxships
Biggest US tramp agency created by HOST takeover of Transmarine Louisiana group buys California rival to go coast to coast
Stolt-Nielsen's second-quarter rates not expected to fall as much as investors feared Analysts expect time-charter equivalent rates to come in at the midpoint of the 2% to 5% guidance
Hurry up! African shipping won't wait for the West Shipping companies should seize this golden opportunity before it's too late
Carnival prices $1.2bn bonds to simplify capital structure Cruise operator repays two loan facilities
Stolt-Nielsen second-quarter rates not expected to fall as much as investors feared Analysts expect time charter equivalent rates to come in at the midpoint of the 2% to 5% guidance
Four seafarers killed and three more missing as jack-up driller capsizes ADES Holding says search ongoing after accident involving the Admarine 12
KNOT Offshore has firepower to buy three more shuttle tankers from parent, analysts say US-listed owner tipped to put profit towards expansion not dividends
Swiss shipowner to test huge kites in latest wind power play Geogas moves ahead with wind propulsion and LPG-powered ships
MSC global insurance boss Laurent Audaz joins TT Club board UK insurer also adds expertise from Kanoo Logistics' Saffia Kanoo
Trump-appointed Louis Sola steps down as chairman of the US Federal Maritime Commission President's top maritime regulator leaves after barely six months
Hanwha Ocean aims to 'demonstrate ice-breaking capabilities to the US' after winning South Korean race Shipbuilder plans to home in on specialised vessels for Arctic regions amid growing interest from America
Greek shipping lender ABBank names new CEO after billionaire investor takeover New controlling shareholder Aristotelis Mistakidis installs former JP Morgan man Aristeidis Vourakis at the helm
Iranian military action suggests it considered closing Strait of Hormuz Navy loaded mines onto ships, revealing it was closer to blocking key waterway than previously thought
Clarksons brings in senior offshore broker from shipowner as Brazil expansion gathers pace Jonas Mattos joins from oil service company Subsea7
South Korean shipowner orders newbuilding at Turkish shipbuilder Tersan Shipyard agrees contract with LS Cable & System
Costamare and Latsis leasing platform refinances Norwegian offshore fleet Neptune Maritime Leasing seals $95m deal for Golden Energy offshore vessels
'Unusual' AIS messages spread to Middle East Gulf ships as security threat lingers Vessels displaying 'China owned' or 'Russian crude' in the hope of avoiding action by Iran
'Cradle of shipping': BRS celebrates Athens anniversary on the foot of the Acropolis Geneva-based broking house shows no signs of slowing down after a decade of growth
Logothetis beefs up fuel tech company board with UK politician and US ambassador Formation of advisory board for SulNox to provide strategic guidance
Drax inks deal to install UK wind tech on chartered vessel Smart Green Shipping's FastRig could be used on possible geared bulker next year
'Increasing the pressure': Russian dark fleet tankers face German insurance checks in shadow conflict Foreign ministry says questioning aimed at deterring voyages
Cadeler due compensation after Orsted axes $389m charter for newbuilding BW Group-backed owner in talks about other deals as Danish group terminates agreement
China cuts soybean imports from US, looks towards Brazil instead China still remains the top importer of soybeans despite declining volumes
BHP inks ammonia dual-fuel newcastlemax bulker charters with Cosco Five-year charters are for two 210,000-dwt newbuildings to be delivered from 2028
Teekay Tankers sheds suezmax as Greek buyer again benefits from selling spree Tenth sale by Canadian shipowner this year
DHL appoints new chiefs for Americas divisions DHL Group has replaced the heads of Global Forwarding, eCommerce and Supply Chain at various levels within the Americas region.
China trade outlook improves, container rates - not so much The outlook for Asia trade agreements is improving, which is more than can be said for container rates on the eastbound trans-Pacific.
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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