Softlink Global CEO Amit Maheshwari honoured with Best Entrepreneur Award at Maharashtra Corporate & Education Excellence Awards 2025
Western India Air Cargo Conclave & Awards 2025 to now take place on August 13 in Mumbai
Mandatory towing vessel at all ports for emergencies proposed
Need to repurpose LNG infra to make ports GH2 export hubs: IPA
Tyre exports surge
AD Ports Group and China's Zhejiang Provincial Seaport Investment & Operation Group ink preliminary strategic agreement to establish automotive logistics ecosystem
US, Vietnam trade deal instructive for India: GTRI
FIATA launches new best practice guide on maritime contracting
Tarka II fire underscores why effective placement of smoke and fire detectors matters Following its investigation of a fire that broke out aboard the 66-foot long, 1972-built fishing vessel Tarka II in September last year, the National Transportation Safety Board is highlighting the importance of
Gothenburg Port signs deal with Wallenius Wilhelmsen A major development is underway at Scandinavia's largest cargo hub as the Port of Gothenburg signs a long-term agreement with Wallenius Wilhelmsen, granting the global logistics provider operational control of the port's 24-hectare car terminal. The transition is set to take effect on 2th of February. Under the agreement, Wallenius Wilhelmsen will begin ramping up preparations for the handover, w
Neptune Pacific to implement general rate increase Neptune Pacific Line has announced it will apply a General Rate Increase (GRI) on cargo bound for Micronesia, the Marshall Islands, and the Solomon Islands, effective from 1 August 2025. The company cited rising operational costs, particularly related to cargo handling and the repositioning of empty containers, as key drivers behind the adjustment. The GRI will apply to both dry and reefer shipme
Asian waters see 86% rise in sea robbery in Jan-June period A very alarming situation is prevailing in Asian waters, with ships and crews often falling in danger, breaking all past records of incidents. Within a period of six months of this year, the number of reported incidents of piracy and ship robbery in Asian water, reached close to the number of incidents took place in during the entire last year
Maersk and Saudi Post join forces Maersk Saudi Arabia and Saudi Post Company (SPL) have signed a strategic Memorandum of Understanding (MoU) to enhance logistics and supply chain services for global eCommerce businesses operating in Saudi Arabia and across the Gulf Cooperation Council (GCC) region. The collaboration brings together Maersk's international shipping and logistics infrastructure with Saudi Post's vast domestic networ
Few new players retreat as transpacific rates crash Opportunistic Transpacific newcomers have responded differently to the collapse in freight rates. Only China United Lines has backed out, withdrawing its restarted transpacific service after the first sailing in early June. The Chinese state-controlled operator has diverted ships from its solo transpacific service to its Far East-Red Sea routes where rates are stable
YIT Infra to lead major expansion at Helsinki's West Harbour The Port of Helsinki is set to begin a significant expansion of the southern end of West Harbour, aiming to accommodate growing traffic between Helsinki and Tallinn in the years ahead. YIT Infra Oy has been awarded the construction contract for the €28 million project, with work kicking off this month and completion slated for the end of 2027. The expansion will deliver new quay and field areas,
Maersk announces changes to two services Maersk has announced upcoming changes to its AMEX and Cape Town Express services, with plans to phase in and out vessels at the Port of Cape Town as part of ongoing network adjustments. According to the carrier, the vessel CF Athena (voyage 532W) will be phased into the AMEX service in Cape Town, while AS Stine (voyage 530N) will be transferred into the 163 service at the same port. Maersk has co
CMA CGM adds new vessel to VICTORY BRIDGE service CMA CGM has announced the addition of a new vessel, OOCL VERACRUZ , to its VICTORY BRIDGE service, further reinforcing its commitment to service reliability and increased frequency on the Transatlantic trade. The OOCL VERACRUZ will be phased in with voyage 0VBKFW1MA westbound and 0VBKGE1MA eastbound. The vessel is scheduled to make its first port call in Southampton on August 2, 2025. The updated
AD Ports Group and Zhejiang Seaport Group team up In a move that could reshape regional vehicle logistics, AD Ports Group has signed a preliminary strategic agreement with China's Zhejiang Provincial Seaport Investment & Operation Group (operator of the massive Ningbo Zhoushan Port) in order to create an integrated automotive logistics ecosystem linking Asia, the Middle East, and beyond. The agreement, signed during a ceremony marking the maiden
Saudi Arabia breaks ground on strategic logistics corridor A major step forward for Saudi Arabia's logistics infrastructure was marked, as HE Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority (Mawani), laid the foundation stone for a dedicated logistics corridor that will connect Jeddah Islamic Port directly to the Al-Khumrah Logistics Park. Stretching 17 kilometers with two lanes in ea
NAVTOR launches Middle East office NAVTOR has announced the opening of its newest office in Dubai, establishing NAVTOR Middle East as part of the company's global expansion strategy. The new branch aims to better serve the growing maritime sector in the region by providing local access to its suite of smart shipping and digital navigation solutions. The move comes on the heels of the recent launch of NAVTOR Türkiye and reflects th
NWSA drive nearly $55 billion in economic activity A new economic impact report confirms that the Northwest Seaport Alliance (NWSA), the Port of Seattle, and the Port of Tacoma remain vital engines of economic growth for the region and the state. In 2023 alone, the three organizations collectively supported more than 265,000 jobs, contributing $17.7 billion in wages and benefits and generating nearly $55 billion in total business output. The find
FBX slides as container rates cool across key trade lanes The latest figures from the Freightos Baltic Index (FBX) show a significant drop in global container freight rates, with the composite index falling 19.7% week-over-week to $2,894. This marks a 34.9% decline compared to the same time last year. Spot rates on major Asia-related routes saw sharp corrections: Asia-North America West Coast (FBX01): Down 39% to US$3,389 per FEU Asia-North America East
LOGISTEED launches off-site PPA electricity procurement LOGISTEED, has announced the rollout of a new off-site Power Purchase Agreement (PPA) program to supply renewable electricity to logistics centers operated by its group company, LOGISTEED East Japan, Ltd. The off-site PPA arrangement allows LOGISTEED to purchase solar-generated electricity from remote facilities, enabling the use of clean energy even at locations where installing solar panels on-
GEODIS marks key milestone in the floating offshore wind market GEODIS has completed a major milestone in the floating offshore wind sector, coordinating the transport and float-off of three 2,500-ton substructures as part of the "Les Éoliennes Flottantes du Golfe du Lion" (EFGL) pilot project off the coast of southern France. The operation, carried out in partnership with Eiffage Métal and using designs from Principle Power, took place over the course of six
T. Parker Host acquires Transmarine T. Parker Host has acquired Transmarine Navigation Corporation, expanding its reach to become the largest independent tramp ship agency in the country. The acquisition brings together two long-established players in the maritime industry and significantly strengthens Host's coverage along the Pacific Coast and into Hawaii. Transmarine, a West Coast-based ship agency headquartered in Long Beach, C
Toll Group appoints new executive chairman Toll Group has announced the appointment of Thomas Knudsen as Executive Chairman, effective 1 July 2025. The leadership change follows the departure of Group Managing Director Alan Beacham, with Knudsen stepping into the role on an interim basis. Knudsen brings over 30 years of global logistics experience, with a career spanning Asia, Europe, the Middle East, and the Americas. Since joining Toll
Costamare declares quarterly dividends on preferred and common shares Costamare Inc. has announced its latest round of quarterly dividend payments on both its preferred and common stock. For the period from April 15 to July 14, 2025, the company declared the following cash dividends: US$0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR B) US$0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetu
Electric feedership to train crew A Hong Kong based shipowner has jointly ordered a 460 teu container feedership which will have space for around 50 cadets training for a life at sea, including a lecture theatre and library. Seacon with its partner the Shanghai Maritime University orders the all-electric vessel will be built at Fujian Mawei Shipbuilding, Fuzhou, some 500km south of Shanghai
Ocean Infinity launches advanced NeedleFish USV Ocean Infinity has officially launched its cutting-edge NeedleFish Uncrewed Surface Vessel (USV) in partnership with the Kuwaiti Coast Guard, marking a major step forward in Kuwait's maritime surveillance capabilities. The NeedleFish is a key component of Kuwait's new national integrated maritime surveillance system, developed in collaboration with SRT Marine Systems. Purpose-built for the Kuwait
Valencia Port installs Anti-Drone system The Port Authority of Valencia (APV) has activated a new high-tech anti-drone system aimed at safeguarding the airspace over and around the port. The system, provided by Telefónica, is already operational and has started detecting unauthorized drone activity in real time. With the increasing use of drones near populated and sensitive areas, APV's new system enables real-time detection, identifica
New consortium to explore floating nuclear power in the Mediterranean Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities in the Mediterranean Sea. The group will research how FNPPs can potentially unlock a range of applications, including the establishment ...
Perdana Petroleum wins anchor handler work Malaysian offshore marine support services firm Perdana Petroleum has won a new contract for the charter of an anchor handling tug and supply (AHTS) vessel. The contract was awarded to its wholly owned subsidiary, Perdana Nautika, and will last for 120 days. The identity of the client was left undisclosed due to confidentiality clauses. The ...
Mitsui E&S Shipbuilding becomes Tsuneishi Solutions Tokyobay Mitsui E&S Shipbuilding has been rebranded Tsuneishi Solutions Tokyobay having been bought by Tsuneishi Shipbuilding, the latest in a series of shipyard mergers ongoing in Japan. Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding, whose shipbuilding heritage dates back to 1917, had been in a capital alliance for the past four years, but Tsuneishi decided to buy ...
White House tariff deadline looms large on liner agenda Donald Trump and tariffs are very much back in shipping news headlines, with one key deal seemingly agreed and plenty of others under negotiation ahead of a deadline next week. The July 9 expiration date for the White House's pause on April's reciprocal tariffs on a long list of countries is rapidly approaching. The administration ...
KNOT Offshore Partners acquires shuttle tanker KNOT Offshore Partners has expanded its fleet with the acquisition of a three-year-old shuttle tanker and agreed a sale and leaseback deal for another. The company bought the 2022-built suezmax Daqing Knutsen from Knutsen NYK Offshore Tankers (KNOT). The purchase price for the vessel, built by COSCO Shipping Heavy Industry, is $90m, less $70.5m of ...
Belgium delays 700MW offshore wind farm tender The Belgian government has opted to delay the tender for a new offshore wind farm less than two months before the submission date. The tender for a 700MW offshore wind farm in the Princess Elisabeth Zone I will now be pushed back until 2026, resulting in a postponement of over a year and a half ...
Ship agency merger creates sector leader in the US T. Parker Host (Host), a provider of maritime agency and terminal services across the US, has acquired Transmarine Navigation Corporation (Transmarine), a west coast ship agency headquartered in Long Beach, California. The acquisition makes Host the largest independent tramp ship agency in the US. "This acquisition aligns with our strategic vision to deliver seamless, high-touch ...
Singapore files charges over last year's fatal tanker collision The Maritime and Port Authority of Singapore (MPA) has filed formal charges stemming from the deadly 2024 collision involving the Singapore-flagged Hafnia Nile and the shadow tanker Ceres I, an incident that drew international attention for both its human toll and its implications for shadow fleet operations. Two crew members from the Hafnia Nile - ...
Port of Coos Bay secures $100m for first ship-to-rail container port on US west coast A major infrastructure initiative at the Port of Coos Bay is gaining momentum with a $100m funding boost from the state of Oregon, setting the stage for the creation of the west coast's first fully ship-to-rail container port. The Pacific Coast Intermodal Port project aims to establish a container terminal that will directly link ocean ...
Trump's shipbuilding ambitions face enormous hurdles President Trump's ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and national security, internal policy conflicts and administrative delays are hindering progress. A key setback involves the suspension of the
Performance Shipping eyes tanker acquisitions following $100m bond raise Greek tanker player Performance Shipping is looking to expand its fleet following a $100m raise on the Nordic bond market. The NASDAQ-listed company said proceeds from the raise will either go for tanker acquisitions or bond repurchases. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new ...
Seatrium wins FSRU conversion contract from Kinetics Singapore shipyard group Seatrium has won an FSRU conversion contract from Kinetics, an energy transition initiative by Karadeniz subsidiary Karpowership. This award follows Kinetics' confirmation of the option for a fourth FSRU conversion project with Seatrium, announced in April 2024. The initial deal was for three LNG carrier conversions into FSRUs, with an option for ...
Shelf Drilling nets three-year jackup deal with ONGC Oslo-listed jackup rig player Shelf Drilling has won a three-year contract award for one of its drilling rigs from India's ONGC. The 1982-built J.T. Angel jackup was hired for operations in the Mumbai High area off the coast of India under a contract worth approximately $40m. The rig is currently undergoing a contract preparation project, ...
Borr Drilling rakes in $130m in jackup deals The Oslo and New York-listed offshore driller Borr Drilling has won new deals for four of its jackups. The four new contracts bring the total number of contracted Borr Drilling rigs to 23 out of its fleet of 24. The new awards have a combined duration of approximately 1,300 days, including fixed-priced options, and an ...
US designates 12 tankers and Iraqi terminal in first Iran sanctions since bombing nuclear sites After bombing Iran's nuclear facilities in late June amid the 12-day Israel-Iran war, the US resumed its 'maximum pressure' sanctions...
Ships can trigger large methane emissions just by moving in ports Ships in shallow waters, including nine of world's 10 biggest ports, can churn up bubbles of planet-warming methane from the...
Russian attack on Odesa leaves two dead A dockworker and truck driver have been killed in the attack on Thursday afternoon
Timor-Leste joins rapidly growing market of fake registries taking in sanctioned tonnage Timor-Leste, Asia's youngest democracy, has just joined the rapidly expanding list of unwitting governments being used by fraudsters as a...
Red Sea traffic dips after volatile June The lowest weekly number of transits through the Bab el Mandeb since the start of the crisis was recorded last...
US grain shipments up 9% in first half of 2025 Tariffs have seen grain cargoes from the US to China drop by nearly 60%, but exports to Japan and Colombia...
Container fires remain one of the most significant hazards for boxships as incidents mount While more cargo is carried on containerships now than ever before, incidence of fire has not decreased in the same...
Turnaround now clear at London P&I Club New chief executive James Bean on why he 'can't complain' after team puts in strong underwriting performance
Tsuneishi fully acquires rival Mitsui E&S Shipbuilding Deal comes as Tokyo aims to revive domestic yards and boost scale to regain ground lost to foreign competitors
Hafnia Nile crew charged over collision with sanctioned tanker Ceres I If convicted under the Merchant Shipping Act, they each face up to two years in jail or a maximum fine...
HD Hyundai invests in humanoid robots to solve labour shortage The deployment of robots in shipyards aims to improve efficiency, safety and productivity, particularly where there is a shortage of...
The Daily View: Subtle surveillance
Performance Shipping raises $100m from Nordic bond Tanker owner becomes latest Greek-owned entity to tap the Norwegian market
Sea robberies nearly quadruple in Singapore Strait this year ReCAAP urges increased vigilance, coordination, and prompt reporting as concern grows over the surge in attacks
Daily Briefing Shadow fleet scrutiny thought to be behind English Channel diversions | MSC ship sails through Bab el Mandeb for first...
US shipbuilding incentives need more oversight: GAO The federal watchdog agency said the US Maritime Administration has financial levers to help the domestic shipbuilding industry but doesn't know their effectiveness.
Ocean carriers adjust calls as congestion chokes European hubs Longer transits around southern Africa, restructured alliance networks and bottlenecks in Asia continue to cause ships to arrive outside their scheduled European arrival windows.
Mixed US policy on carbon capture clouds project cargo demand The push and pull of US support for decarbonization efforts puts a question mark over potential project cargo demand.
Container lines pull back on India-US pricing push While vessels on the lead West India-US East Coast networks have continued to sail full, forwarders have linked the "sold-out" experience to capacity cutbacks and consequent cargo rollovers.
Sanctioned VLCC player has charter ties to major shipowners and oil companies Greece's Navios Maritime Partners, Japan's Shoei Kisen and South Korea's Sinokor reported to have charters to VS Tankers
Trump's grand maritime agenda remains mostly intact after tax-and-spending bill clears Congress More wrangling ahead as One Big Beautiful Bill is sent back to House
US sanctions Iraqi-controlled VLCC outfit in latest move to curtail Iranian oil VS Tankers, formerly AISSOT, slapped with sanctions, although only one of its vessels is separately named
Stolt-Nielsen punting on tanker guidance to drive home liquid logistics move World's largest chemical tanker operator wants investors to see terminal and tank container business, too
Second LNG carrier takes Northern Sea Route east as first homes in on Asia Cargo exported from sanctioned Arctic LNG 2 plant being tracked over onward shipment plans
Russian missile strike on Ukrainian port kills dockers and injures seafarers Cargo ship caught up in Thursday's attack on Odesa
Bulker scrapping poised to hit lowest level since 1990, says BRS Bangladesh has become the biggest breaking hub for end-of-life bulkers, but this could soon change
American Club buoyed by investment returns as falling premiums and claims take toll The protection and indemnity club said premium income dipped in 2024 after rating agency downgrade
Extra bond cash flows to shipping as Reach Subsea clinches $50m deal Offshore owner secures new funding over three years
Maersk warns 'whole world is on tariff watch' as Trump trade deal deadline nears Danish carrier flags importance of trade deals with the US after strong first half
Tanker exports rise as Venezuela sends cargoes to China following end of US deal PDVSA shipped out 8% more crude and fuel in June
Saverys family tries new 'squeeze-out' ruse to take Exmar private August date set for extraordinary general meeting
Vitol targets metals business with new mining finance fund for Americas Commodities giant allies with Breakwall Capital on projects that should benefit bulker business
MSC vessel crosses Houthi attack chokepoint for first time in 18 months Ship grounded in the Red Sea in May
Premuda sells product tanker as talk swirls around fate of trio of bulkers Italian player confirms it is divesting its sixth product carrier this year
False flag checks on key Russia tanker route hampered by unresponsive registries Key coastal state on Russian tanker route says checking the status of tankers is proving difficult
Tankers International bullish on VLCC prospects as owners favour spot deals CEO Charlie Grey notes move away from time charters
BHP inks ammonia dual-fuel newcastlemax bulker charters with Cosco Shipping Five-year charters are for two 210,000-dwt newbuildings to be delivered from 2028
Equinor explores potential four-ship LNG newbuilding play Norwegian company eyes tonnage as fleet replacement and additional shipping requirements loom
Singapore legal eagle Kelly Yap launches new maritime-focused law firm Ming Law Asia to concentrate on maritime and trade commercial dispute resolution
US lifts restrictions on ethane exports to China in boost for VLECs Licences no longer needed for shipments heading to major importer
Arctic upgrades Navigator Gas as Middle East spillover delivers boost Analyst Kristoffer Barth Skeie lifts target price to $18.50
Stolt-Nielsen's non-shipping segments take sting out of tanker business drop Chemical tanker division saw lower rates drag on revenue
DNB Carnegie says buy tanker stocks on strong outlook for second half Frontline, Hafnia and Okeanis Eco Tankers rise in Oslo
Glencore in talks with UK government over crude supply deal to insolvent refinery Trader and charterer took over shipments to Lindsey plant from Trafigura last year
Panamax bulker owners biggest winners from rising US grain exports But tonne-mile demand slumps due to a fall in sailing distances
Two Hafnia seafarers charged over fatal collision with shadow fleet VLCC Singapore accuses watch officers of navigational failures before collision and fire that killed Ceres I crew member
Artic upgrades Navigator Gas as Middle East spillover delivers boost Analyst Kristoffer Barth Skeie lifted target price to $18
Maersk Tankers brings technical management in-house as it awaits new VLACs Synergy Group deal ended as Danish operation prepares for 10 newbuildings
Braemar wins executive pay vote with investors after slashing bonuses Shareholders back remuneration report in greater numbers at London broker's annual meeting
Newcastlemax bulkers in demand as Simandou gives the market an extra long-haul leg to stand on 2020 Bulkers' belief in the market means the owner is hanging on to its vessels amid interest from potential buyers
Dozens missing after ropax sinks off the Indonesian resort island of Bali Ferry reported to have capsized after engine room took on water
Seatrium bags FSRU conversion contract from Kinetics Project is seventh awarded to Singapore shipyard group by Turkish-Japanese joint venture
Singapore legal eagle Kelly Yap launches new maritime-focussed law firm Ming Law Asia to focus on maritime and trade commercial dispute resolution
'We don't have a shortage of seafarers. We have a shortage of opportunities' Mother of Schulte's African crewing adventure 'not done yet'
Money raised by IMO carbon rules needs to go to developing countries, green group argues New report from Opportunity Green claims helping least-developed countries will benefit shipping
UPS drivers to receive buyout offer as company shrinks parcel network UPS will offer an early retirement package to drivers as it looks to cull 20,000 workers amid slower parcel growth.
FedEx to implement single pricing structure for express, standard pickups FedEx will soon provide a single pricing structure for parcel pickups to coincide with restructuring of Express and Ground networks into a single network.
US container import tariffs averaging 21%, says Maersk Shippers are paying an average 21% tariff on containerized imports entering the United States, ocean line Maersk said.
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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