IUMI updates its guidance on EV fire hazards The recent loss of the car carrier Morning Midas is yet another reminder that costly and potentially deadly EV fires on board ship remain a continuing concern and, today, the International Union
Maryland Pilots take delivery of new Chesapeake class pilot launch The Association of Maryland Pilots has taken delivery of its fifth Chesapeake class launch from Gladding-Hearn Shipbuilding, Duclos Corporation since 2002. "The Maryland Pilots have some unique features and configuration control is
Gulftainer unveils inland container depot Gulftainer has launched the country's first bonded Inland Container Depot in Sharjah setting a new milestone in the UAE's trade and logistics sector. Now fully operational, the Sharjah ICD enhances the nation's logistics infrastructure and efficiency, offering seamless links between seaports and inland markets. Located just 20 km from Sharjah Port and 140 km from Khorfakkan Port, the facility pro
CentrePort reports strong performance CentrePort has reported continued growth in FY25, delivering an Underlying NPAT of US$17.6m, up 20% from FY24's $14.6m. The result reflects the port's consistent focus on efficiency, innovation, and customer service, building on the momentum established after the 2016 Kaikoura earthquake. Board Chair Lachie Johnstone highlighted the significance of this achievement, noting a 30% compounded annual
KCCI falls 1.6% as Busan export rates weaken According to Japan International Freight Forwarders Association (JIFFA), the KOBC Container Composite Index (KCCI) dropped 1.6% to 1,909 points on Monday, Korea Ocean Business Corp. (KOBC) announced. Unfavorable fluctuations hit container export rates from Busan across multiple trade lanes. Main routes showed mixed performance. Rates to the U.S. West Coast climbed 1.19% to US$1,871 per FEU. The U
The Potential for 3PL Partnerships in 2025's Economic Climate U.S. shipping container imports have fallen significantly in 2025 due to imposed tariffs on international goods. Combined with signs such as an increase of blank sailings earlier in the year, economic uncertainty has been a prevalent theme for both the maritime shipping industry and businesses alike. For companies that wish to reduce international shipping costs amid looming economic concerns lik
Mariana Express Lines appoints PIL Kenya as agent PIL Limited will act as the agent for Mariana Express Lines in Kenya since September 11, 2025. This appointment is a significant milestone in MELL's expansion within East Africa, enabling closer engagement with customers. By establishing a dedicated agency in Kenya, MELL can provide customized shipping and logistics solutions with enhanced efficiency and reliability. Mr. Ross Wang as the Head of
Peel Ports Clydeport handles record wind turbine shipment Peel Ports Clydeport has welcomed its largest-ever wind turbines to King George V Dock in Glasgow, marking a milestone for Scotland's renewable energy sector. The achievement follows a £3 million investment in new infrastructure, including a purpose-built egress road and enhanced terminal facilities, designed to streamline the handling of oversized project cargo. The dock received six turbines wi
Höegh Autoliners names Höegh Moonlight in Gothenburg Höegh Autoliners christened its sixth Aurora-Class vessel, Höegh Moonlight , at Sweden's Port of Gothenburg today. Jenny Westermark from Volvo Group sponsored the ship. She smashed the ceremonial champagne bottle. Sustainable Volvo cargo stole the show. The Höegh Moonlight holds 9,100 car equivalent units. It joins Höegh's 12 next-generation car and truck carriers. These Aurora-Class ships drive
JAXPORT appoints new Cargo Sales Director for Latin America JAXPORT added Juan Pablo Acosta Magaña to its Commercial team. He takes on the new role of Director of Cargo Sales for Latin America. Acosta Magaña will boost ties with containerized cargo customers in South America, Central America, Mexico, and the Caribbean. He focuses on building strong relationships and providing top-tier service to industry decision-makers. Acosta Magaña brings 20 years of e
Freightos Weekly Update: Further challenges to IEEPA tariffs A US federal appeals court last week upheld a US Court of International Trade decision from earlier this year that deemed the president's use of the International Emergency Economic Powers Act (IEEPA) to introduce tariffs illegal. President Trump had relied on IEEPA for tariffs aimed at addressing illegal fentanyl imports from Canada, Mexico and China, and for the long list of country-specific re
NZ customs taps WiseTech to modernize tariff system The New Zealand Customs Service picked WiseTech Global to digitize its Working Tariff Document. WiseTech, a leading logistics software firm, will streamline the complex tariff system. The Working Tariff, based on the World Customs Organization's Harmonized System, classifies over 98% of global trade goods. It sets duties, taxes, and levies for goods entering or leaving New Zealand. It also tracks
Rystad Energy releases LNG Emissions study Rystad Energy published a major study on LNG bunker fuel emissions. Commissioned by SEA-LNG, it pegs 2024 well-to-tank (WtT) emissions at 13.9 g CO2e/MJ (LHV). The study offers the most accurate data yet for LNG as a marine fuel. It aims to shape the IMO's Net-Zero Framework and future fuel policies. The study urges policymakers to act. They should push LNG supply chain players to cut emissions,
The rail backbone of Eurasi: Kazakhstan strengthens its position on the logistics map Central Asia is now one of the most promising regions on the global business map, experiencing robust economic growth and attracting a rising number of foreign investors, including from the European Union, China, and the United States. This growing interest spans many industries and reflects the strategic importance of the region. These countries are also actively engaged in the development of tr
Wallenius Marine, KNUD E. HANSEN launch new RoRo design Wallenius Marine and KNUD E. HANSEN have launched a new RoRo design at the Donsö Shipping Meet. The concept builds on the award-winning Sleipner PCTC design and operational data from the vessels Future Way and Way Forward. The 170-metre-long ship offers 2,720 lane metres of cargo space, equal to 181 trailers. By moving the engine room to the bow, the design frees up space for faster loading and
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Global container trade surges beyond forecasts Global container trade defied expectations in 2024, with ports worldwide handling 937 million TEUs, significantly outpacing industry forecasts of 901 million TEUs
Why sanctions can't sink the shadow fleet? The global maritime industry faces an unprecedented challenge as shadow fleet continues to expand despite intensifying Western sanctions. With over 370 vessels now flying false flags an explosive 66% increase from just the beginning of this year the dark armada represents more than simple sanctions evasion. It has evolved into a sophisticated tool of economic warfare that exploits fundamental wea
AD Ports Group signs dredging deal to expand Karachi Terminals AD Ports Group has signed a dredging agreement with Dutch marine contractor Van Oord to boost capacity at its Karachi port terminals in Pakistan. The project, led by Noatum Ports, will deepen berths and channels at Karachi Gateway Terminal (KGTL), allowing larger ships of up to 350 metres in length and 15.5 metres draft. Once complete, container capacity at KGTL will rise from 750,000 TEUs to 1 m
EcoNavis, Franman introduce Eco Boss Cap to greek shipping EcoNavis Solutions has partnered with Greece-based Franman to bring its Eco Boss Cap technology to Greek shipping, including Cyprus and Greek-owned fleets worldwide. The deal opens one of the world's largest commercial shipping fleets to the energy-saving device. The Eco Boss Cap fits onto a vessel's propeller hub. It improves propulsion efficiency, reduces hub vortex cavitation, and optimizes wa
Blast rips through Maersk container in Incheon port Maersk Line has confirmed to Container News that one of its containers exploded in South Korea's Incheon New Port. The Danish mainline operator's spokesperson told Container News that on 28 August at approximately 8:50pm local time, a Maersk container exploded while stored in the yard at Incheon Hanjin Container Terminal, prior to export
Swire Shipping announces PSS from Australia to Papua New Guinea and the Solomon Islands Swire Shipping announces the implementation of a Peak Season Surcharge (PSS) on cargo shipped from Australia to Papua New Guinea and the Solomon Islands. ORIGIN COUNTRY DESTINATION COUNTRY CURR 20' 40' BB/RVT Australia Papua New Guinea, Solomon Islands USD 200 400 10 The surcharge will take effect on 1 October 2025 and applies to all cargo on this trade lane. The adjustment reflects ongoing equip
MatchLog's STinder Platform goes live with PIL MatchLog has launched its STinder platform with Pacific International Lines (PIL) in Singapore, marking a new step in smarter container management across Southeast Asia. The platform aims to optimize container reuse, improve asset utilization, cut repositioning costs, and reduce empty miles. PIL, one of Asia's major shipping companies, had previously worked with MatchLog in India to optimize cont
Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to final documentation and ...
Bourbon lines up newbuilds for ExxonMobil in Angola French OSV owner Bourbon has strengthened its long-standing relationship with ExxonMobil in Angola with a five-year charter for newbuild crew transfer vessels. The deal will see Bourbon Mobility deliver tailor-made 34-m crewboats to shuttle personnel between Soyo and Block 15, located around 80 miles offshore. The new units will replace 32-m vessels currently in service ...
Nam Cheong pulls plug on Japan OSV contract Malaysia's Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said the contract collapsed following the cancellation of the charterer's downstream agreement with its end-user, leaving it unable to perform under ...
ADES scores multi-year jackup extension deal in Qatar Saudi Arabia's ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period of four years, with three additional one-year options. If fully exercised, the contract would run to 2032. The extension takes ...
TB Marine and Ektank sign for chemical tanker newbuilds German owner TB Marine and Sweden's Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first newbuild due in autumn 2026, and subsequent units arriving every three months until summer 2027. IceChem, established in 2018, currently ...
Fujian Highton picks up MPP brace from Braren Roerd Chinese bulker owner Fujian Highton Development has continued its fleet expansion, grabbing a pair of multipurpose general cargo vessels in the secondhand market. The fast-growing company revealed in a stock exchange that two of its subsidiaries had struck deals with German owner Braren Roerd for the 2011 Huanghai Shipbuilding-built Pacific Hero and Pacific Honour at ...
Russia inks Siberia-Mongolia mega-pipeline deal with China, sidelining seaborne LNG Russia has secured agreement to build a colossal natural gas pipeline through Siberia and Mongolia to feed China's insatiable demand, a deal that threatens to redraw the global energy map - and sideline a chunk of seaborne LNG trade in the process. Dubbed Power of Siberia 2, the Gazprom pipeline will have a capacity of ...
Wood to continue supporting Equinor's Mariner assets Consulting and engineering firm Wood has secured a three-year contract extension to provide operations, maintenance, modifications, and support services on Equinor's assets at the Mariner field off the UK. Wood will continue to support the delivery of Equinor's strategic objectives through projects, upgrades, and maintenance on the Mariner A platform and Mariner B floating storage ...
Dolphin Drilling lines up drilling contract Semisub rig owner Dolphin Drilling has signed a letter of intent with an undisclosed client for one of its rigs. According to the company, the letter of intent was signed for the 1977-built Borgland Dolphin. If the LOI is turned into a firm contract, it is expected to have a value of approximately $58m. The ...
US cracks down on tanker network smuggling Iranian oil The US Treasury Department has imposed fresh sanctions on a shipping network accused of moving Iranian oil under the cover of Iraqi origin. Washington said the group, led by Iraqi-St. Kitts & Nevis businessman Waleed Khaled Hameed al-Samarra'i and based in the UAE, blended Iranian barrels with Iraqi crude and sold them as if they ...
Fairfield-Maxwell relaunches in Japan Two years on from quitting shipowning with the sale of its chemical tanker fleet to Mitsui OSK Lines (MOL), New York's Fairfield-Maxwell is returning to the business of shipping, opening a new office in Tokyo aimed at participating in ship construction, ownership, investment and leasing. The new company - Fairfield Maritime Japan - will focus ...
Altrad workers on EnQuest platforms to be balloted on strike action UK's largest offshore trade union, Unite, is holding an industrial action ballot for Altrad workers on EnQuest-operated Magnus and Thistle Alpha platforms. The pay dispute is based on Altrad Employment Services' reneging on a 4% wage increase, which is due to approximately 50 workers on the platforms, effective January 1, under the Offshore Energy Services ...
Inmarsat Maritime: 'Digital infrastructure isn't optional, it's foundational' The penny has finally well and truly dropped on the whole spend to save in shipping debate with the industry more willing to shell out for tech than it was in the past, according to Ben Palmer, the president of sat comms giant Inmarsat Maritime. "We're seeing a shift from 'if' to 'how,'" Palmer tells ...
VLCC sales tick over The wet secondhand market has picked up pace this week with a string of VLCC deals. Malaysia's MISC, via its tanker arm AET, has offloaded two Universal-built tankers - the 2007-built Bunga Kasturi Lima (300,246 dwt) and the 2008-built Bunga Kasturi Enam (299,319 dwt) - to Chinese interests for approximately $88m en bloc. One unit ...
Oman to build green ship recycling yard Oman will build an integrated green ship recycling facility in the north of the country. The new facility - a joint venture between the state and a Jordanian company - will be able to dismantle more than 70 ships annually. Other countries in the Middle East are looking at establishing ship recycling yards. Earlier this ...
US tariff maze could become even more difficult after court ruling The federal appeals court ruling against US president Donald Trump's emergency tariffs was not unexpected. What comes next - the Supreme...
The Top 100 Container Ports: 2024's winners and losers To mark the launch of the Lloyd's List Top 100 Container Ports rankings, deputy editor Linton Nightingale takes a deep...
Syria resumes oil exports after 14 years following lifting of sanctions Syrian Energy Ministry announced that the crude oil was sold to B Serve Energy
Hafnia to buy 14.5% stake in rival Torm for $311m Time will tell whether Hafnia's move is the first step in a future consolidation bid or purely an investment decision
Philippines 'will look after its own' with breakthrough declaration The Manila Declaration on Seafarers' Human Rights was announced at the end of a government-led conference and has already been...
IMO needs a 'clear plan' for spending carbon tax funds The UK and Mexico say the IMO needs a 'clear plan for disbursing funds' or its Net-Zero Fund will miss...
Dockworkers in Italy threaten to block Israeli cargoships if aid flotilla blocked This is the fourth attempt by an aid flotilla to sail to Gaza this year, after previous efforts failed
Petrobras employee dies after fall at Hanwha Ocean's Geoje shipyard Unions have raised concerns about the safety of shipyards previously, after workers died in accidents last year
Steamship letting free reserves take underwriting strain Club's strategy is to allow capital surplus to absorb volatility
Dockworkers suspected of being 'trusted insiders' for drug smugglers Police said the investigation targeted so-called 'trusted insiders' working inside Sydney ports to help move drugs into Australia
Fairfield-Maxwell launches new Japanese shipping venture two years after tanker exit The family investment firm has appointed IINO Lines veteran Ryuichi Osonoe as president to lead the relaunch of its maritime...
The Daily View: From Russia with gas
US continues crackdown on Iran-Iraq oil blending in fresh sanctions The US continued its focus on Iraq's role in facilitating Iranian oil trades with fresh sanctions on Tuesday targeting a...
Container shipping margins hit post 2023 low as analysts flag year-end losses Container shipping margins plunged to their worst in 18 months despite Red Sea disruptions, as analysts warn of further erosion...
Daily Briefing China's warming view of Russian gas won't unfreeze Arctic LNG 2 problems | Phased retrofits offer compliance path for ageing...
Bad weather, early peak demand slowed BNSF trains last month Weather-related slowdowns were compounded by track work that typically wraps up in August, but this year overlapped with an earlier-than-usual surge in international and domestic intermodal demand.
Ocean carrier profit margins, earnings outlook for 2025 trimmed further The dismal outlook for the second half of the year is prompting Wall Street analysts to rein in earnings expectations as many carriers also report steep declines in their profit margin amid a mix of overcapacity and "tariff-driven cost escalation."
Cargo groups slam 'patchwork' rollout of Europe's ICS2 advance filing program Fifteen of the 27 EU countries will postpone implementation of the customs risk analysis program for imports into the EU until the end of the year, including France, Belgium, Spain and Italy.
Congestion choking Mundra Port threatens North India cargo flow Container lines offering regular calls at India's busiest port have told customers the landside logjam is causing considerable supply chain risks for the trade as train turnarounds remain increasingly chaotic.
How Canada's export pipeline expansion created a 'net negative' for crude tankers Aframaxes gain but Iraq-to-California and US Gulf-to-China voyages have been displaced
New figures shine a light on changing grain flows to China - and how the US is losing out Tariffs and trade tensions between the US and China have redrawn grain trade
'Cash flow machine': Jefferies hikes Torm's price target after surprise investment Analyst Omar Nokta says Danish shipowner deserves premium for its strong operating performance
Feeder specialist Contships draws extra $75m in successful Oslo bond market tap Greek shipowner Nikolas Pateras improves financing terms from his Nordic debut in January
Andreas Sohmen-Pao plants seed for Torm takeover as Hafnia grabs Oaktree shares Singaporean player insists consolidation is good while buying tranche of Oaktree shares
Andreas Sohmen-Pao's Hafnia swings for Torm as it snaps up Oaktree Capital shares Singaporean player insists consolidation is good while buying tranche of Oaktree shares
VLCC player Hunter's stock surges as investors encouraged by Opec production rumours Frontline and Okeanis Eco Tankers also post gains on Wednesday
Saudi Arabia and Iraq halt tanker shipments to sanctioned Indian refiner No crude headed to Nayara's Vadinar plant from the two countries in August
Pangaea Logistics dumps external auditors after 'weakness' in controls disclosure Company hires a big name and says accounting issue did not affect key financial metrics
Intelligent software, the new invisible engine: Welcome to Maritime 5.0 Advanced digital technology is no longer a technical question for shipping, it's a strategic choice
How a single email from the Baltic Exchange helped recover broker's commission Dispute resolution service hails successful payment of more than $50,000 to panellist
Beware of explosion risk from car carrier fires, warn insurers Latest research highlights changes in tactics to tackle blazes on ships moving electric cars
Scrubber-fitted VLCCs have cleaned up with huge profit advantage over the last five years, broker Gibson says London shop examines the costs of a 'deluge' of environmental regulations
Sanctioned dark fleet owner finally pays up after seafarer's death on Russian tanker Financial wrangling linked to the blacklisted tanker is just the latest case of crew payment problems with shadow fleet vessels
Purus revealed as owner behind order of up to four energy construction ships in China Brokers name expanding Singapore company as contractor of Salt-designed units
Russia's LNG shadow ships set to take long way round Northern Sea Route ice Sanctioned shipment heads west while another non-ice class vessel appears to turn tail in Arctic passage
Carsten Mortensen reshuffles Dee4 Capital board with new chairman and veteran broker joining top table Lotte Mollerup van Hauen takes the chair, while Mike Holm joins board
Hafnia tipped for three tanker sales in firm S&P market Market dominated by reported disposal of ships bought from Lauritzen Bulkers in 2013
'Real-life LinkedIn': Bullish German shipping boosts 42nd Peter Gast Schiffahrtsregatta More than 100 yachts and 800 participants master fitful elements in Baltic race
Ex-Navig8 executive David Wiswell quits Peregrine Tankers partnership as outfit pivots to Dubai Company had been running the MR2 fleet of TMC Shipping
'Highly unusual': Maersk Tankers ships out first US petrol cargo from huge African refinery Danish operator's pool MR tanker heading to New York from Nigeria
Macquarie ship finance loan book hits $2bn boosted by new segments and fresh deals Unit finances more than 500 vessels globally
Harry Vafias tanker and bulker spin-off poised for growth with zero debt Nasdaq-listed C3is ready to explore new opportunities, CEO says
Petrobras official rushed to hospital after fall from collapsed newbuilding at Hanwha Ocean Concerns for one person and another missing after shipyard accident
'Limited upside': Product tanker giants Hafnia and Torm downgraded as Fearnleys warns of lower rates Product tanker owners cut to 'hold' by Norwegian investment bank
DOF banks $150m bond pot after 'great reception' from investors Bonds issue was led by DNB Carnegie and Pareto Securities
Ektank and TB Marine order four methanol-fuelled chemical tankers for IceChem pool Swedish and German owners design ships for core North Atlantic market
One feared dead and up to five missing after accident at Hanwaha Ocean shipyard Petrobras is believed to be the owner of the floating production, storage and offloading unit involved
Hoegh Autoliners newbuildings still the best as competition heats up, CEO says Other car carrier owners have gone bigger, but Aurora vessels still future-proof
Bengal Tiger Line's golf tournament tees off under new CEO Andrew Winter keeps promise to maintain BTL Masters as one of Asian liner shipping's most prominent sporting events
International Seaways targets new bond to finance VLCC deal with Ocean Yield Banks will hold investor meetings from today
Samudera Shipping buys container ship for $50.36m Vessel will be delivered in the fourth quarter of this year
Lepta Shipping linked to LPG carrier newbuildings at Chinese yard Japanese tonnage provider has a total of 10 midsize gas carriers on order at Yangzijiang Shipbuilding
Fairfield-Maxwell bursts back into shipowning in Japan two years after selling chemical tanker unit Former Fairfield Chemical Tankers parent taps Ryuichi Osonoe to lead new tonnage provider in Japan
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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