VIDEO: Prysmian Monna Lisa named Norway's Ship of the Year 2025 Norwegian trade magazine Skipsrevyen, which has annually honored world-class Norwegian shipbuilding and design since 1997, has named the cable-laying vessel Prysmian Monna Lisa its Ship of the Year 2025. Built and designed
DNV: Aging fleet drives 42% increase in marine casualties Driven mainly by an aging fleet, the number of maritime casualty incidents has increased by 42% between 2018 and 2024, while during the same period the global fleet grew by just 10%.
ORBCOMM unveils new container visibility tool ORBCOMM has announced the launch of CrewView, an onboard visibility solution designed to give vessel crews real-time access to data from smart refrigerated and dry containers while at sea. As the latest addition to ORBCOMM's suite of supply chain visibility tools, CrewView closes a longstanding gap in maritime container monitoring by enabling continuous oversight even during ocean transit. Sameer
SAAM-Enap partnership: Latin America's first electric tug en route to Chile Latin America's first fully electric tugboat has officially set sail from Tuzla, Turkey, on a 45-day journey to Puerto Montt, Chile. From there, it will continue to Puerto Chacabuco in the Aysén Region, where it will undergo a trial period before beginning operational duties. Pablo Cáceres, Sustainability and Development Manager at SAAM Towage, highlighted that this electric tug is the third of i
Singapore and France sign enhanced maritime partnership agreement French Minister for Transport Philippe Tabarot and Singapore's Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow signed an Enhanced Maritime Partnership Agreement. The agreement builds on an existing partnership established in 2021 and aims to further deepen maritime collaboration between the two countries. This enhanced partnership focuses on five key areas: mar
CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves to ride this shift, shaping the next phase of global maritime logistics
AD Ports establishes Tbilisi Intermodal Hub in Georgia AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and a key logistics link in the company's emerging Central Asian transport strategy. The state-of-the-art, rail-linked logistics centre connects the Caspian and Black seas through Georgia, forming a vital part of the Middle Corridor, the sho
HMM introduces new North China-Indonesia service South Korean container carrier HMM has announced the launch of a new service, the North-China-Indonesia Service (NIS), which will connect important ports in North China and Indonesia starting from June. The service will be jointly operated with Singapore-based carriers PIL and X-Press Feeders. A total of five vessels, each with a capacity of 4,000 to 5,000 TEUs, will be deployed. The first voyage
Asia-Europe rates losing momentum without Transpacific spillover Asia-Europe rates have been declining, as the surge in Transpacific rates has not had any spillover effects. With lower vessel utilisation, carriers are undercutting to fill their ships
Hapag-Lloyd applies new surcharge from China to West Africa Hapag-Lloyd has announced a new Peak Season Surcharge (PSS) from China, Hong Kong and Taiwan to West Africa. The surcharge of US$800 per TEU will be applicable for all cargo loaded on June 14, 2025 (on board date), until further notice. The German carrier noted that the West Africa area covers the following ports: Nouakchott (Mauritania), Dakar (Senegal), Banjul (Gambia), Conakry (Guinea), Freeto
DP World, VIMC Lines launch domestic coastal service in Vietnam DP World, in partnership with VIMC Container Lines (VIMC Lines), has launched the Mekong Express, a new domestic sea-river transport route connecting Vietnam's Can Tho (Cai Cui) and Cai Mep ports. Operating twice a week, the barge service aims to reduce transit times of 48 hours by the river ways to just 15 hours via a combination of river and sea routes, representing a 70% improvement. While the
Port of Corpus Christi completes channel improvement project The Port of Corpus Christi in Texas is marking a major milestone in US maritime infrastructure with the near-completion of its long-anticipated channel improvement Project. This transformative initiative deepens the ship channel to 54 feet Mean Lower Low Water (MLLW), enhancing the port's capacity as a leading US energy export hub. The four-phase Channel Improvement Project (CIP) has been funded
CMA CGM announces new surcharges and rates in Asia French ocean carrier CMA CGM has announced new surcharges and Freight All Kinds (FAK) rates for shipments from Asia. First of all, the company will apply a peak season surcharge (PSS) from Asia to East Africa and the Indian Ocean for all cargo, effective from 7 June, as follows: Origin range : From South East Asia, North East Asia, North China and Central China Destination range : To Kenya, Tanza
APM Terminals Moín launches modernisation initiative APM Terminals Moín in Costa Rica has announced a modernisation project focused on streamlining access to the terminal. The initiative, which began in April 2025, is taking place during the country's low import and export season to minimise trade disruption. The project includes the redevelopment of the terminal's main access point, with improvements aimed at increasing speed and control in land-s
Russian shipping operations show mixed trends in 2025 Russia's maritime landscape is undergoing a gradual but complex transformation as the country adapts to shifting geopolitical dynamics, trade realignments, and logistical reconfigurations. St. Petersburg, Russia's historic gateway to European markets, demonstrated the most promising growth, recording an average quarterly increase of 4.2% in connectivity over the five-quarter period
APM Terminals Barcelona Valencia join Portchain APM Terminals Barcelona and APM Terminals Valencia implement Portchain Connect, aiming to simplify the berth alignment process with shipping lines. The two Spanish terminals have joined the Portchain Connect Network, gaining access to a global berth-alignment platform used by more than 150 terminals worldwide. By sharing schedule data through secure digital handshakes, the two European hubs can p
Managed IT Services and Business Continuity Planning Running a business can feel like juggling flaming torches. You've got operations to manage, customers to satisfy, and then-bam-a tech issue hits out of nowhere. Maybe your server crashes, or worse, you're staring at a ransomware attack. Downtime isn't just frustrating; it costs money and trust. Here's the positive news: planning helps avoid disasters. Businesses that rely on managed IT services o
Purus confirms South Korean LNG carrier order UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter of 2027 into a long-term charter with ...
OceanPal offloads its oldest bulker Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier. The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions. The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17. Earlier this year, OceanPal sold the 2005-built 171,800 dwt Salt Lake ...
Norden cashes in on MR tankers Danish shipping heavyweight Norden is doubling down on its strategy of converting leased tonnage into owned assets-and then reselling them for profit. The Copenhagen-listed company has offloaded two more unnamed MR tankers for an undisclosed sum, continuing a wave of disposals tied to its purchase-option strategy. The ships officially joined its owned fleet in the ...
Pan Ocean bolsters tanker orderbook with VLCC brace South Korean owner Pan Ocean is expanding its tanker orderbook with two VLCC newbuildings. The Harim Group-controlled diversified owner of more than 100 ships said in a stock exchange filing that it would be paying around $127.5m per vessel, although it has not yet disclosed the name of the shipyard. The shipbuilding contracts are expected ...
UK could lose 400 North Sea jobs every two weeks, university warns The UK could lose more than half of its offshore oil and gas jobs by the early 2030s unless urgent and coordinated action is taken immediately, a new report claims. A new report from Robert Gordon University, named Striking the Balance, outlines three offshore energy workforce scenarios (low, mid, and high cases) and a need ...
ADES wins jackup work in Cameroon Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Sinopec Group subsidiary Addax Petroleum. Addax hired the Admarine 510 rig for work in Cameroon. It will be ADES' 13th country of operations and continuation of the company's expansion across the high-potential West African market. The contract ...
Lloyd's Register: How the business of classification is evolving It was 30 years ago this summer that Nick Brown walked into the Fenchurch Street offices of Lloyd's Register as a graduate trainee in a career that has seen him work across Europe, the Middle East, and Asia, before getting the corner office in early 2021. As CEO, Brown has set out to make his ...
MR2 tankers lead secondhand sales A flurry of secondhand tanker sales has emerged across various size segments this week, with MR2 units drawing the most buyer interest in the wet trades. Yet, while steady charter rates have supported asset values longer than expected, multiple brokerages now warn that prices-particularly for modern eco-design vessels-are on the verge of cracking. Among the ...
Jim Lawrence passes away One of the best-known names in American maritime passed away on Sunday. Jim Lawrence, the founder of Marine Money and MTI Network, succumbed to cancer at the age of 70. Lawrence was also the founder of the Connecticut Maritime Association's annual conference, something that was sold to Informa seven years ago. "Jim was always a ...
Port of Corpus Christi celebrates completion of $625m channel deepening project Texas's Port of Corpus Christi has celebrated a transformative moment in US maritime infrastructure with the near-completion of its channel improvement project (CIP), a decades-in-the-making initiative that deepens the ship channel to 54 feet (16.46m) mean lower low water (MLLW) and significantly enhances the nation's energy export gateway. One of the largest navigation infrastructure projects ...
The port productivity revolution transforming global shipping supply chains Punit Oza from Singapore consultancy Maritime NXT writes for Splash today. When I started my career in Precious Shipping in 1993, the company was abuzz with then parent group, G. Premjee, looking to secure a deal with Kandla (now Deendayal) Port to operate a berth for its grain trade. It was a new experiment and ...
Green transition unstoppable despite Trump, argues John Kerry John Kerry, the Biden administration's climate tsar, defended the case for optimism on climate at Nor-Shipping
Panama blasts 'misleading claims' on Iran oil complicity The Panama Maritime Authority has substantially reduced its share of the Iran-trading fleet over the past 18 months, but US...
Transatlantic box volumes boom but return of bigger ships weighs on freight rates Eastbound transatlantic container volumes have been especially strong since the beginning of 2025, but there are expectations of a downturn...
Nuclear power a distraction, industry bosses warn The bosses of Fortescue, Wallenius Wilhelmsen Logistics and Wartsila have dismissed nuclear power for shipping as too slow and too...
Dark fleet bigger 'problem' than shipping acknowledges Governments have the data but lack the political will to tackle the issue, former UK energy minister said
Some underwriters subsidising hull discounts with war risk windfall, Allianz Commercial warns Recourse probably ruled out after dark fleet collision, Heinrich warns
Hubs in a hurry Greek ports are finally attracting attention for their strategic location, as well as commercial potential
Global Greeks gear themselves for the long haul With an ingrained resilience built up over decades of experience, Greeks are backing themselves to keep their ship steady in...
New Chinese capesize venture launches West Africa service However, partner SD Mining has suspended operations in Guinea's Axis area, raising questions about the potential impact on Shunyu's shipping...
Rates surge on US-China truce but capacity clouds outlook After last week's surge in freight indices, market optimism has grown. Analysts predict the strong momentum could continue into the...
How to find a commercial carbon advantage in shipping Listen to the latest edition of the Lloyd's List weekly podcast - your free weekly briefing on the stories shaping...
The Daily View: Chinese whispers
Shipping safety hangs in the balance as ageing fleet accelerates problems Higher freight rates in a tonne-mile driven market have prompted shipowners to delay scrapping older vessels to maximise earning potential...
Daily Briefing Chinese ship lessors push for mortgage lending approval to weather US port fee storm | Sweden steps up Baltic shadow...
Pause in tariff hikes drives big gains in trans-Pacific spot rates Carriers are looking to ride the higher rates as long as they can before the fresh vessel capacity that is making its way to the trans-Pacific begins to dull the momentum.
Mexico presents obstacles to meeting J.B. Hunt's 'Quantum' guarantee Hauling containers between Mexico and US comes with additional regulations and potential disruptions that could make the 95% on-time performance promise more challenging for Hunt's new cross-border service.
Conventional power drives project cargo pipeline, but midterm worries persist While traditional energy projects continue to drive immediate demand, long-heralded energy transition initiatives are progressing at a far slower pace amid tariffs and investment uncertainty.
Current market allows top ocean carriers to strengthen long-term position Despite sustained and pending capacity injections, major liners have the ability to alleviate short-term losses and produce healthy profits, writes Jeremy Masters.
Capito Capital Management sets sights on feeder container ship sector Danish investment firm ready to make its first splash in underinvested segment
Atlantic MR tanker rates plunge 17% in a day as US Gulf Coast drags market Clean product voyages from Gulf Coast to Europe drop back below $10,000 per day
Bunker industry 'far from ready' for ammonia as marine fuel Or is this an opportunity to 'tidy up' bunkering sector
Strategic Shipping continues to build leading stake in Pangaea Logistics Private Connecticut-based vehicle has been making NAV-discounted buys in open market
Global trade growth 'likely to slow substantially' as tariffs bite, OECD warns GDP growth to fall as trade barriers persist
Vale braces for 'significant impact' from IMO carbon regulations In new sustainability report, Brazilian miner says new regulation should add to $4.75bn annual freight bill
Savvy VLCC owners take charter cover as spot rates come under pressure, brokers say Suezmaxes also being fixed on medium-term deals, with rates in a healthier position
EnTrust Global hails record year for shipping fund after $2.1bn in deals done US alternative financier says its Blue Ocean fund has now invested $6.1bn since inception
Trump's One Big Beautiful Bill includes billions of dollars in maritime spending - and a tax hike Massive budget legislation faces friction in Senate
Union demands flag state reform as abandonments keep rising Shipowners walk away without punishment with 2025 on course to outstrip last year's 'appalling' record, says ITF
Purus confirms order for large LNG carrier in South Korea UK shipowner says latest deal makes it 10 gas ships on order at Hyundai group yards
Shadow fleet dealings land flag state Comoros in sin bin Comoros registry has expanded rapidly over the past year amid the merry-go-round of sanctions and flagging
Container shipping asset playing all-stars turn focus to small vessels What is making some of the best asset players in the business pivot towards orders for smaller container ships?
Nordic American Tankers boss Herbjorn Hansson follows son in splashing more cash on stock Founding family show further support for suezmax company after analyst's broadside
Hoegh Autoliners to recycle up to eight ships in Norway Billion-kroner scheme hopes to kick-start new upcycling industry
'Shipping has an opportunity here': John Kerry returns to Norway with decarbonisation pep talk Donald Trump has not stopped the renewable energy shift, just changed the pace, he says
Russian-missile-battered Ukrainian ports need more than $1bn to be fixed Government says $566m of this is needed quickly for the most important infrastructure
US dollar on long, slow way out as global reserve currency, says DNB exec Speaking at Nor-Shipping, he said the process of the dollar losing its status has already begun
Premuda extends divestment of managed tankers after Marco Fiori buyout Italian player confirms selling yet another product carrier from its stable to Greek interests
Northern Lights' first CO2 carrier starts cooldown with customer cargo Vessel gassing up operations start in Brevik, Norway
'I don't want to be stabbed to death when I could have been shot'. Andrew Forrest shreds shipping's green image Billionaire hits out at dirty industry and the LNG 'con'
Fearnley Securities Project Finance arranges new shipping deals worth $165m Total project portfolio valued at $1.3bn
Russian-missile-battered Ukrainian port needs more than $1bn to be fixed Government says $566m of this needed quickly for the most important infrastructure
Clarksons promotes Kenneth Tveter as it beefs up LCO2 shipbroking Green transition division now includes up-and-coming sector
Oslo insurer Hydor staff members temporarily step down amid ongoing shadow fleet probe Oslo-based insurer was former owner of company under suspicion for supplying fake papers to Russia-linked vessels
Diana wins a raise on newcastlemax Greek owner charters out vessel to Singapore owner after NYK deal ends
Greek owner Polembros returns to China for tanker newbuildings Athens-based company orders LR2 product carriers at Zhoushan Changhong Shipyard
Next generation of shipping leaders named as 10 Women to Watch at Nor-Shipping Awards hail women under 35 who are likely to become visible leaders in the next 10 years
A bridge too far: How onshore pilots are taking remote control An 18-month trial using latest technology and connectivity aims to prove safety and efficiency gains
Rederiet Stenersen has firepower to move for tankers after record profit Private Norwegian owner ready to pounce if asset values move lower
Harry Vafias strikes for fifth bulker buy this year in hunt for Japanese tonnage Major Greek owner acquires modern handysize from Wisdom Marine Lines
Dubai trader linked to $74m swoop for Norden MR tankers Danish owner also uses purchase option to add tanker in fourth quarter
CEO of carbon capture firm Seabound wins Nor-Shipping Young Entrepreneur award 'Visionary, driven and wholly committed to making a real-world impact'
LNG transshipments in Russian waters double after EU ban Data shows Yamal LNG cargoes are being shipped on longer voyages
Braemar director Catriona Valentine buys her first shares two years after joining Communications professional snaps up 6,700 shares in London-listed shipbroker
Nathalin Shipping expands fleet with secondhand VLCC Thai-owned company has bought two VLCCs in six months
Diana Shipping wins $5,000 raise as it fixes out newcastlemax Greek owner charters out vessel to Singapore owner after NYK deal ends
HMM bags $462m Vale shipping contract after large bulker buys South Korean shipping giant has acquired a capesize and a newcastlemax this year
OceanPal trims fleet to three ships after selling oldest bulker Diana Shipping spin-off left with two elderly panamaxes and a product tanker
Himalaya Shipping debuts on main Oslo board as it broadens investor reach Tor Olav Troim-backed bulker owner says upgraded listing is another milestone
Kristian Gerhard Jebsen CEO leaves after one year for oil drilling company Orjan Lunde previously worked for Odfjell Drilling and Nordea
Panama deflags more than 650 vessels from registry since 2019 due to sanctions Maritime authority rejects claims that it supports Iran's oil trade
Trade tensions supercharged by US policy could finally push Norway into EU Norwegian Shipowners' Association head expects a third referendum
Equinor exploring electrification options for deepsea tanker fleet Norwegian energy giant's vice president of shipping discusses thinking on future marine fuels
Indonesian container line Temas renews fleet with 16 vessels due in August Mixture of newbuildings and secondhand ships
Fewer headline-grabbing safety incidents a positive for DNV but streak risked by dark fleet Norwegian classification society says shadow ships pose danger of large-scale accident
Ageing fleet posing safety challenge for classification societies with calls for more scrapping DNV Maritime boss points to geopolitics and good markets as vessels older than 20 years remain in service
Canada Post rejects binding arbitration as labor dispute intensifies Canada Post and the Canadian Union of Postal Workers are not giving an inch in their fight over a labor contract, with Canada Post showing frustration with union leadership and opposing its call for binding arbitration.
April container volumes surge at Port of New York-New Jersey The Port of New York-New Jersey saw April container volumes rise 6% from the same month a year ago.
Dirtier ports will hurt jobs, US maritime revival: AAPA The American Association of Port Authorities said cuts to EPA anti-pollution programs will hurt jobs and weaken the U.S. maritime sector.
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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