RCL announces compliance with IMO sulfur cap RCL will introduce a Low Sulphur Go Green Recovery to cover the additional costs associated with using a more expensive but cleaner fuel for compliance. This change comes as the International Maritime Organization will enforce a new sulfur cap for marine fuel oil starting on January 1, 2020, reducing sulfur oxide emissions from the current limit of 3.5% to 0.5% for ships. With the goal of using a
MacGregor appoints new CEO MacGregor has named Jonas Gustavsson as its new Chief Executive Officer, effective today. He steps into the role following the retirement of Leif Byström. Gustavsson joined the company earlier this year as Deputy President. Before that, he served as CEO of AFRY AB from 2017 to early 2025. His background includes senior roles at Sandvik, Rotax, Bombardier, and ABB, adding up to more than two decad
BPA responds to government's annual UK Port trade statistics The British Ports Association, representing the national port sector, has responded to the publication of the Department for Transport's 2024 Port Freight Statistics. The BPA acknowledges ongoing shifts in cargo patterns while emphasizing the growth potential for the UK ports industry. The headline figure shows a slight decline in total freight tonnages, down by 1% from 2023 to 429.7 million tonn
IRS backs record submarine refit The Indian Register of Shipping (IRS) supported the fastest-ever refit of an EKM-class submarine. Hindustan Shipyard Limited (HSL) completed the job on July 21, setting a national record. The Indian Navy confirmed it was the quickest turnaround for this class. That means more uptime for the Navy's submarine fleet. Also, IRS provided quality assurance during the refit. It oversaw work on the hull,
First LNG bunkering at passenger terminal in Amsterdam For the first time, liquefied natural gas has been bunkered at the Cruise Port Terminal in Amsterdam. The luxury cruise ship Ilma, owned by The Ritz-Carlton Yacht Collection, was fueled by FlexFueler 001, Titan Clean Fuels' bunker vessel. The LNG bunkering was conducted via a ship-to-ship transfer, where LNG is pumped directly from one vessel to another. Aligned with its Clean Shipping Vision, th
Modular wind assist for container shipping takes centre stage One of shipping's major challenges has been to find a wind assist option for container shipping, with the conventional wisdom that high masts and sails will cause stability issues for large box ships. Stability has been a major issue for modern large container ships in recent years, with notable losses of containers in 2020 when a number of box ships lost cargo overboard. This content is locked S
ONE releases financial results for FY 2025 Ocean Network Express has announced its financial results for the first quarter of FY2025. The company reported a revenue of US$ 4,049 million for the quarter, with a net profit of US$ 86 million. Source: ONE The market in the first quarter showed increased volatility compared to the same period in the previous fiscal year, with lower average freight rates and fluctuating demand due to uncertaint
Shore power to become standard for cruise ships in Hamburg by 2027 The Port of Hamburg is set to lead the way in the adoption of shore power for cruise ships, offering comprehensive shore power facilities four years ahead of the EU's mandatory regulation. From 2027, all cruise ships visiting the port will be expected to utilize shore power during their time in port, aligning with Hamburg's status as a European pioneer in shore power infrastructure development. H
How environmental concerns are redrawing Arctic shipping geopolitics As the Arctic ice retreats and new shipping lanes emerge, the frigid expanse of the polar north is heating up both literally and geopolitically. A new report released today by Pacific Environment underscores the urgency of addressing black carbon emissions as Arctic maritime traffic surges. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared f
Hanseatic Global Terminals launches Latin America Division Hanseatic Global Terminals has officially launched its Latin American division, marking the company's first regional expansion since its founding in 2024. The new unit, Hanseatic Global Terminals Latin America S.A., opened on August 1, 2025. Its headquarters in Santiago, Chile, will serve as a hub for operations across both North and South America. Moreover, this expansion strengthens Hanseatic G
SAAM Towage adds two new high-tech tugs SAAM Towage has added two new tugs to its fleet. The SAAM Petrel and SAAM Charrán will operate in Chile and Peru. Both were built at Sanmar Shipyards in Turkey and designed by Robert Allan Ltd. Firstly, the tugs are named after seabirds native to the Chilean and Peruvian coasts. It's a long-standing SAAM Towage tradition. Petrel "This acquisition is a key part of SAAM Towage's investment plan for
India's shipping trade braces for impact as Trump imposed new tariffs India's maritime trade could soon face turbulent waters as US President Donald Trump has announced plans to impose a sweeping 25% tariff on Indian goods starting August 1, with the possibility of additional penalties tied to India's energy dealings with Russia. Trump accused India of maintaining the most strenuous and obnoxious non-monetary trade barriers in the world, despite New Delhi's recent
MSC launches fast new Alpaca service for Far East to South America MSC is excited to announce the launch of its new Alpaca service, starting in September 2025, which will offer customers exceptionally fast transit times for trade between the Far East and the South America West Coast. This service will feature market-leading speeds, including direct connections between Ningbo, China, via Busan, South Korea, to Callao, Peru. This unique weekly standalone service w
AD Ports, Egypt, TCM to explore oil storage plan AD Ports Group has signed a Memorandum of Understanding with Egypt's Ministry of Petroleum and TCM Project Management. The agreement explores a potential joint effort to operate and develop Egypt's strategic crude oil storage facilities. These facilities are a key part of Egypt's national energy network. Their location offers access to both local and international markets. The signing took place
Hycamite gains strategic investment from CMA CGM Shipping and logistics giant CMA CGM has joined Finnish clean tech company Hycamite as a new investor, strengthening its push toward decarbonizing maritime transport. The investment comes through CMA CGM's energy fund, PULSE, and will help scale up Hycamite's methane-splitting technology, which produces low-carbon hydrogen and solid carbon products. Hycamite plans to begin operations later this y
SSY moves into nuclear market Shipbroker giant SSY is stepping into the nuclear energy sector. Firstly, the company's commodities arm, SSY Futures, has acquired U.S.-based brokerage Uranium Markets LLC. The deal takes effect from today, August 1, 2025. Founded in 2014, Uranium Markets has built a strong name in nuclear energy. Its team of four brokers operates from both the U.S. and the UK. Also, the firm will continue to tra
Final call for Yeoman Bank in Port of Liverpool The Yeoman Bank has made its final call at the Port of Liverpool, ending more than 30 years of service. The self-discharging bulk carrier is operated by Holcim UK. It has delivered more cargo to Liverpool than any other vessel. Since 1991, it visited Royal Seaforth Dock 195 times. In total, it carried almost seven million tonnes of granite aggregate. "The Yeoman Bank has been a true workhorse and
LX Pantos Americas appoints new CEO LX Pantos has announced the appointment of David Bang as Chief Executive Officer for its Americas operations. A globally respected logistics expert with over 30 years of industry experience, Bang will spearhead the company's regional expansion and business development strategy across North, Central, and South America. Bang brings a wealth of leadership experience from global logistics giants such
NorthStandard expands in Japan with new Imabari office Marine insurer NorthStandard is growing its footprint in Asia with a new office set to open in Imabari, Japan, in September 2025. The move strengthens the company's presence in Western Japan and brings it closer to a key hub of the country's shipping industry. Firstly, Imabari is home to about 70 ocean shipping companies and manages nearly a third of Japan's fleet. Also, the new office will work
IAG Cargo appoints new Director of London Operations IAG Cargo has named Josh Lane as its new Director of London Operations. The appointment highlights the critical role London Heathrow plays as the group's global hub and headquarters. Lane steps into the role after serving as Head of Warehouse at IAG Cargo. During his tenure, he led the successful launch and day-to-day operations of New Premia, the company's modern handling facility at Heathrow. O
'Unexciting' container market sees liner CFOs adjusting full-year forecasts The outlook for the second half of 2025 in the global container shipping market is shaping up to be a disappointing one, with weak demand, overcapacity, and trade policy turbulence leading liners to rethink their full-year financial outlook. Today saw Japan's Ocean Network Express revise downwards its projections for the full fiscal year, other lines ...
Diana Shipping reaches near 10% stake in Genco Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco's shares, corresponding to a 9.99% stake. In July, Diana disclosed a 7.7% position in Genco ...
Splash Wrap: Hutchison Ports caught in Trump-Beijing crossfire The protracted biggest ports sale in history made multiple headlines this week. CK Hutchison, the Hong Kong-based conglomerate, confirmed on Monday that it is in discussions to bring a "major strategic investor" from China into the bidding consortium for its $22.8bn global ports business. The move follows the expiration of a 145-day exclusivity agreement with ...
Floating data centres become a new segment for shipping to pursue The explosion in global demand for data processing and storage is colliding with constraints on land-based infrastructure, leading to new maritime solutions: floating data centres. These facilities, hosted on barges or retrofitted ships, promise flexibility, cheaper deployment, and relief from land and water resource pressures. Nautilus Data Technologies has pioneered the model, operating Stockto
EnerMech wins two-year deal at BP Trinidad and Tobago platforms UK-headquartered oilfield services specialist EnerMech has won a new two-year extension to its contract with BP Trinidad and Tobago, continuing offshore crane operations on 12 of the operator's Caribbean platforms. Originally contracted in 2022, the work includes crane operations, preventive and corrective maintenance, minor modifications, and offshore auditing. Onshore support, covering technica
Scotland greenlights mammoth offshore wind project SSE Renewables has secured the final major consent for its 4.1 GW Berwick Bank offshore wind farm, with Scottish ministers granting approval under Section 36 for the project's main offshore array. Located about 38km off the East Lothian coast in the outer Firth of Forth, the Berwick Bank site stands ready to move toward construction, ...
Hutchison faces court challenge for control of ports in Panama The future of two of Panama's most strategic ports is hanging in the balance after president José Raúl Mulino said on Thursday that public-private partnerships could assume control of the Balboa and Cristobal terminals if the courts strike down the operating contract of Hong Kong-based CK Hutchison Holdings. The announcement follows legal challenges filed by ...
Fugro secures UAE survey contracts Fugro has secured multiple survey contracts in the United Arab Emirates tied to two of the region's largest field development programmes. The work, starting this August, covers both offshore and onshore scopes. The company will deploy its full range of services, including geophysical and geotechnical surveys, uncrewed surface vessels (USVs), environmental studies, and its GroundIQ ...
Electricity blackouts are a blessing for shipping Pierre Aury provides readers with a history of electricity generation and why the push for renewables could still be a net positive for shipping. Shipping's been carrying growing volumes of fossil fuels for a longer period of time than anticipated. That's in no small part down to Tesla. No, not that one. In the late 19th ...
Trump hikes tariffs again, putting more pressure on transpacific rates The transpacific outlook has gone to bad from worse now that US president Donald Trump has reinstituted higher tariffs on...
Russian-loaded tankers in limbo off India as refiners weigh sanctions and politics The US president had said on Tuesday he would be imposing sanctions on Russia, including 'secondary tariffs' on its energy...
Expect more African carbon taxes on shipping The foundation behind Djibouti's and Gabon's new carbon taxes for ships says governments will not wait passively for the IMO...
Fraudulent flag expansion prompts government warnings but little action The Caribbean island of St Maarten has joined a growing queue of governments issuing warnings regarding fake ship registries being...
Houthis expanding Ras Isa as oil trade goes increasingly dark Satellite imagery shows two new jetties erected in Ras Isa port, as sanctions push much of oil trade in the...
Don't sign Certificates of Safe Delivery, warns Gard Marine insurer's comments come after Admiralty Court ruling in VB Rebel case
From here to Eternity C However much a booking pays, it might not be enough
Suez finishes July on a high while Bab el Mandeb traffic unchanged The Houthis have reportedly told shipping companies to exercise due diligence checks to prevent running afoul of their so-called 'fourth...
D'Amico shares product tanker optimism amid sanctions and refinery closures Despite a plunge in profits, more attributable to a stellar 2024 than a terrible 2025, d'Amico International Shipping's chief executive...
Malaysia shuts notorious STS hub but shadow fleet remains in place for now Anchorage off East Johor used as popular shadow fleet STS hub has been officially closed
SeaLead loses one third of fleet after terminating charters of 16 sanctioned boxships US sanctions on Iran have had a major effect on tanker shipping during recent years. The latest wave of sanctions...
Vehicle carrier Suez Canal transits increase as China-controlled fleet grows China's strategy to deliver more Chinese-built cars on China-owned ships means increased transits of the Suez Canal can be expected...
LNG continues to dominate alternative fuel orderbook As orders continue to mount, DNV decarbonisation director Jason Stefanatos said owners were not just experimenting, but investing
The Daily View: An unhappy history of sanctions
ONE slashes full-year profit forecast amid market uncertainties The downgrade comes as freight rates continue to fall and concerns grow the summer shipping peak season has ended early...
Daily Briefing Sweeping US sanctions target over 100 ships and entities linked to son of Iranian political adviser | Boxship newbuild orderbook...
Big US ports ask Congress to follow law for equal funding of dredging work Ports say they stand to lose about $1 billion in funding for maintenance work because the US Army Corps of Engineers' budget is not treating so-called donor ports equally.
New US sanctions on Iran cut SeaLead's vessel fleet by one-third The sanctions list targets the shipping interests of Mohammad Hossein Shamkhani, son of Ali Shamkhani, a political adviser to Iran's Supreme Leader Ayatollah Ali Khamenei.
Matson expects dampened peak season after tariff-driven rush in Q2 The trans-Pacific carrier said China volumes were whipsawed by the Trump administration's trade policy, with shippers likely to slow their ordering during the third quarter.
Looming US tariffs put economic viability of STS cranes in doubt Marine terminal operators may be forced to resell or even abandon cranes if the tariffs take effect, which would further erode US port productivity.
ONE cuts profit forecast as falling rates, excess capacity weigh on carriers Trade uncertainties are limiting visibility for the latter half of the carrier's fiscal year, prompting it to significantly reduce its profit expectations.
International Seaways reported to have sold older MR tanker Vessek is part of the legacy fleet from Diamond S Shipping and once in the hands of Cido Shipping
HD Hyundai sued over alleged defects on ship that slammed into Baltimore bridge Shipowner Grace Ocean and manager Synergy Marine lodge product liability and negligence claims
US stocks sell off after tariffs announcement, but shipping largely shrugs Negative US jobs report combines with Trump levies against 70 nations to tank market
Cruise shares come off from post-pandemic highs as lines trim yield upside But close-in booking strength could bring net yield surprise in second half
'Administrative nightmare': Shipowners risk having to pay twice for emissions Shipowners calling in Europe face prospect of paying for CO2 emissions under both EU and IMO rules
Greenpeace protesters hold up Ineos gas carrier with bridge climb Green group wants action on a plastic treaty
Sealion roars: Former RMK Capital rebrands and adds managing partner Michael Kirk revamps US-based broker dealer in the aftermath of Gibsons deal with former partner
Greek owners urge EU to scrap ship emission rules once global carbon tax is in place Union of Greek Shipowners sees no need for EU ETS and FuelEU after IMO adopts worldwide canon later this year
Murchinson accuses Eletson founders of diverting charter hire as Oaktree loses patience Complaint in US court also targets lawyers 'who should and do know better'
Wavelength podcast: Trump targets Russia's trading partners, tanker market reaction Plus, shipping to pay twice for CO2 emissions and Granular with Birkett
Sanctioned oil trader wins UK fixture dispute 2Rivers was named by UK as key player in network of more than 100 shadow fleet tankers
Higher Middle East oil prices driving US tanker cargoes into Asia Traders say arbitrage window has opened wide for shipments of WTI
Dorian LPG ups dividend as profit rebounds from four-year low VLGC owner John Hadjipateras sees 'strong' bookings in current quarter amid ongoing market volatility
Fearnley LNG prepares to play its latest LNG Trump card(s) Fans of first deck told to prepare for something 'bigger and better'
Liners dominate container sale-and-purchase market as prices rise MSC and CMA CGM push total sold to half a million teu in the first six months
Vale maintains billion-dollar freight bill, despite falling costs for iron ore and chartering Iron ore shipments dipped slightly in second quarter
Vitol bosses bank record $10.6bn through share buybacks Energy crisis continues to pay out for executives
Great Eastern back in buying mode with capture of kamsarmax bulker Indian owner follows recent sales with addition of 2015-built carrier
Greek newcomer Carlova Maritime plots VLCC newbuilding Company is said to have lined up order at Hanwha Ocean
LNG proves dominant alternative fuel of choice in July, DNV says Class society sees 'resilience' in ordering despite numbers crashing back year on year
Americas crude exports to prop up tanker tonne-miles after decade of growth, Clarksons says Long-haul trades continue to increase, according to analyst Zoe Barber
George Economou takes Performance Shipping takeover fight into 2026 as stake rises Tycoon's offer for Greek owner's shares is extended until February next year
Schoeller inks deal for feeder boxship pair at Chinese yard Cyprus-based owner adds to tally of Bangkokmax container ships
Top Ships suezmax spin-off to make Nasdaq debut next week Evangelos Pistiolis company to distribute shares on Friday ahead of Nasdaq listing
Asian markets brush off impact of latest Trump tariff rates As tariffs hit the poorest nations, one Asian country focuses on a US prank streamer instead
BP crude lifting resumes at key pipeline port after 'tainted' oil incident Oil major says crude deliveries now cleaner through Baku-Tbilisi-Ceyhan pipeline
Diana Shipping hikes shares stake in Genco to become largest shareholder Greek shipowner has snapped up a further 1m shares in its New York counterpart
'Ripple effects': EU-US deal bodes well for LNG shipping, says Capital Clean executive US-listed owner of latest-generation gas carriers sees trade agreement already making waves in the charter market
Ocean Network Express slices forecast as profit plunges on tariff 'headwinds' Full-year profit projection reduced to $700m from $1.1bn
Houthis tell shipowners to check their records or risk attack Rebel group issues warning emails to 'relevant' shipping companies
India's state refiners stop buying Russian oil after US warnings Price discounts have also narrowed over the last month
How Europe will implement $750bn US energy purchase plan European Commission to coordinate voluntary purchases through new buyer-seller mechanism
SeaLead forced to terminate charter contracts on newly sanctioned boxships 16 of 22 sanctioned vessels were traded by the Singapore-based liner operator
Malaysia steps up efforts against illegal STS by closing anchorage Authorities to detain any vessel caught engaging in unauthorised STS oil transfers within Malaysian waters
Former Royal Mail ship heading to the polar ice under new Aussie cruise company Terra Nova Expeditions will upgrade the St Helena before deploying it to Antarctica
Diana Shipping hikes shares stake in Genco to become largest holder Greek shipowner has snapped up a further 1m shares in its New York counterpart
Court orders US-sanctioned tanker onto the auction block Auction will test whether a judicial 'clean slate' sale will override US sanctions
Sun Country to operate 20 Amazon cargo jets by peak season Sun Country Airlines is preparing the final three aircraft from Amazon to enter into service by the end of this quarter, just in time for the peak shipping season.
Former U.S. shipping czar Sola joins D.C. lobby firm The former U.S. regulator for ocean shipping has exchanged the American flag for a lobbyist's briefcase.
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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