Everllence secures 138 orders for new GenSet Engine Everllence reports strong early demand for its new 35/44DF CD GenSet. The company confirmed 138 orders since the engine passed its Type Approval Test in April 2025. The test took place at STX headquarters in Changwon. Several major shipping companies have already placed orders. Everllence will deliver the first unit in May 2026. Sephardim Koblenz, Vice President and Head of Licensing for Four-Str
Carpenters Shipping keeps BAF levels unchanged Carpenters Shipping has announced that, following its November 2025 fuel price review, no adjustments will be made to the Bunker Adjustment Factor (BAF) for January 2026. The existing BAF levels will continue to apply across all relevant trade routes. Applicable BAF - January 2026 Asia - Pacific: USD 475 per TEU | USD 950 per FEU Pacific - Asia: USD 475 per TEU | USD 950 per FEU Inter-Pacific: US
Civitavecchia inaugurates new cruise terminal PhilaPort today announced the start of construction of the future PhilaPort Cruise Terminal, a 16-acre site adjacent to Philadelphia International Airport that will serve as the region's newest gateway for cruise travel beginning in April 2026. The terminal's inaugural season will begin during a historic year. As the United States celebrates its 250th anniversary in 2026, Philadelphia will host a
NPA sells Tobishima Pier land to Meiko Trans for logistics hub The Nagoya Port Authority (NPA) has signed a contract with Meiko Trans to sell land on the Port of Nagoya's Tobishima Pier, according to Japan International Freight Forwarders Association (JIFFA). In April, the NPA announced it would sell E Zone of the second reclaimed lumberyard and require the buyer to maintain and manage neighboring land according to relevant regulations. The authority began a
ICTSI Minas Gerais Logistics Center opens new facility CLIA Pouso Alegre recently inaugurated the expansion of its Logistics and Industrial Center, strengthening the connection between the Port of Rio de Janeiro and Southern Minas Gerais. The newly expanded facility now offers 30,000 square meters of bonded area, 2,000 square meters of ANVISA certified refrigerated storage, and a container depot. With increased capacity and more efficient operations,
Port of New Orleans appoints new Chief Commercial Officer The Port of New Orleans today announced the appointment of Kristi App as its new Chief Commercial Officer. In her new role, App will lead commercial operations across Port NOLA's cargo, cruise, and industrial real estate portfolios, bringing over two decades of expertise in international trade, transportation, and global logistics. App joins Port NOLA from J.W. Allen & Company, Inc., a leading fr
PFL to remove Peak Season Surcharge from New Zealand to South Pacific PFL has announced that it will remove the Peak Season Surcharge (PSS) on shipments moving from New Zealand to the South Pacific, effective 29 December 2025. The surcharge-set at USD 275 per 20' and USD 440 per 40' for both dry and reefer containers-was originally introduced on 24 August 2025 for cargo bound for Fiji, Samoa, American Samoa, Tonga and Tahiti, following the announcement made on 25 J
CNC enhances JPX service CNC has upgraded its JPX service with the addition of a fifth vessel, significantly strengthening schedule reliability and ensuring smoother, more predictable cargo flows across the network. With a stable vessel lineup now in place, shippers can better plan their supply chains, reduce buffer time and maintain consistent delivery performance. Key service enhancements Direct access to Manila via tw
Hamburg Green Hydrogen Hub announces a 100 MW electrolyzer Hamburg's First Mayor Dr. Peter Tschentscher laid the official foundation stone today for construction of the 100 MW electrolyzer at the site of the former Moorburg power plant. Together with Environment Senator Katharina Fegebank, Economics Senator Dr. Melanie Leonhard, and representatives of the two project partners Luxcara and Hamburger Energiewerke, he placed a time capsule in the foundation
Accelleron Report: Asia-Pacific leads on maritime e-fuels Accelleron, a global technology leader in turbocharging, fuel injection, and digital solutions in the marine and energy industries, released its second report in its Accelerating to Net Zero series, highlighting the Asia Pacific market's critical role as the proving ground for much-needed e-fuel networks. "The ships are ready. The net-zero technology is ready. The fuels are still missing," said D
Potential scenarios for Maersk's comeback at Suez Canal After nearly two years of costly diversions, Maersk eyes a December comeback through the world's most strategic waterway but security questions loom larger than savings
CMA CGM to implement RRI from Türkiye to US East Coast CMA CGM has announced a Rate Restoration Initiative (RRI) that will take effect on January 1, 2026, applying to all tariff and service contract cargo moving from Türkiye to the U.S. East Coast and all inland destinations served via East Coast ports. The RRI will apply to all cargo except out-of-gauge (OOG) and will be implemented at the following levels: USD 500 per 20' container USD 1,000 per 40
Railinc launches RIGIS Routing+Mileage tool Railinc has launched its new RIGIS Routing + Mileage application. The tool delivers accurate rail routing and mileage data across North America. Railinc developed the application in partnership with industry stakeholders. It runs on the Rail Industry Geographic Information System (RIGIS) Network, which supports routing, mileage, and other critical rail applications. RIGIS serves as the central so
HD Hyundai merges shipbuilders to lead global market South Korea's HD Hyundai has merged its two shipbuilding affiliates, HD Hyundai Heavy Industries and HD Hyundai Mipo, into a single entity named HD Hyundai Heavy Industries, according to local sources. The merger aims to boost global competitiveness, expand market reach, and speed up next-generation technology development. The merger followed board approvals in August, Fair Trade Commission clear
Rail Technology Innovations When we hear the word "railway," most of us picture old steam locomotives, thick smoke, and that iconic whistle echoing through the hills. A bit of retro romance from the 19th century. But today's railways are a whole different story. What's happening in rail technology right now isn't just evolution - it's a revolution. This new wave of rail transportation technology is redefining how we move pe
EU Commission approves MSC and NYK Joint Venture The European Commission has approved the creation of a joint venture between Switzerland's MSC Mediterranean Shipping Company (MSC Group) and Japan's Nippon Yusen Kabushiki Kaisha (NYK Group). The decision was made under the EU Merger Regulation (Case M.12166). The joint venture will focus on air and sea freight forwarding services across multiple African countries. The Commission determined that
DP World launches Atlas sea route between Morocco and the UK DP World has launched its first Atlas service. The new route links Morocco with the UK and Europe. The first vessel arrived at London Gateway on 1 December. The service also calls at DP World's Antwerp Gateway terminal. The new route changes how fresh produce reaches Europe. Firstly, it delivers fruit and vegetables faster and reduces transport costs. Also, it cuts emissions by up to 70% compared
Nine Filipino seafarers to be freed after Houthi capture in Red Sea Nine Filipino crew members of the cargo ship M/V Eternity C , which was sunk by Yemen's Houthis in the Red Sea in July, are set to be released, according to the Philippine Department of Foreign Affairs (DFA) and local sources. The seafarers survived the attack on the Liberian-flagged vessel, one of two commercial ships targeted within days. The Houthis initially released a video of the attack, cl
CMA CGM revises Inland Emergency Surcharge for Burkina Faso CMA CGM has announced an adjustment to its Inland Emergency Surcharge for cargo moving to Burkina Faso by rail via Abidjan , following an improvement in congestion and operational conditions at the port. While the situation is not yet fully resolved, the carrier said conditions have stabilized enough to reduce the surcharge amount . The revised surcharge will apply from December 1, 2025 (loading
VOC Port Authority orders fully electric green tug The VOC Port Authority (VOCPA) has placed an order for a new fully electric green tug, marking a major step in India's efforts to reduce greenhouse gas emissions across the maritime sector. The contract, awarded to Knowledge Marine & Engineering Works Ltd. (KMEW), includes the construction, delivery and long-term maintenance of the tug. The new vessel will feature a 60-tonne bollard pull capacity
Port of Lázaro Cárdenas exceeds 24.6 million tonnes in 2025 The Port of Lázaro Cárdenas handled more than 24.6 million tonnes of cargo by the end of October 2025. This strong performance confirms the port's position as one of Mexico's leading logistics hubs. Imports accounted for 63% of total cargo, exports for 27%, and coastal shipping (cabotage) for 10%. Containerised cargo made up 48% of throughput. Mineral bulk represented 32%. The remaining 20% inclu
Ricardo partners with Port of Huelva on green shipping corridors Ricardo, a global environmental, energy and engineering consultancy, has partnered with the Port of Huelva to develop green shipping corridors. Ricardo will identify at least five green shipping corridors into the port, one of Spain's busiest. The company will also assess port operations and infrastructure, recommend low-carbon logistics solutions, and advise on regulations and engagement with pu
CMA CGM launches TVI service CMA CGM has relaunched and upgraded its former IEX2 service under a new name, TVI Service, expanding direct coverage between Thailand, Vietnam, Malaysia, South East India and Sri Lanka. The enhanced loop provides faster transit times, greater flexibility and improved market access for regional shippers. Designed to support both imports into India and Sri Lanka as well as exports from Chennai, the
NORDEN acquires Taylor Maritime's Southern Africa cargo activities NORDEN has acquired the Southern African cargo activities of Taylor Maritime, previously operated under the IVS brand, strengthening its regional presence and expanding its parcelling capabilities. As part of the deal, NORDEN will take over the specialist parcelling team based in Durban, South Africa, led by Brandon Paul, who will continue serving customers on parcel trades from the region. "We a
Russian tanker reports drone attack off Turkey A Russian-flagged tanker reported a drone attack off the Turkish coast on Tuesday. The ship was carrying sunflower oil. All 13 crew members were unharmed, Turkish authorities said. The vessel, MIDVOLGA-2, reported the attack about 80 miles off Turkey's coast. It did not request assistance. The ship continued its journey to Sinop port, according to Turkey's Maritime Affairs Directorate. Shipping c
Kalmar and IRTC partner on Rough-Terrain Handling Kalmar and Independent Rough Terrain Center LLC (IRTC) have formed a strategic partnership. Kalmar will distribute and service IRTC's Rough Terrain Container Handler (RTCH) globally. Kalmar is a global leader in sustainable material handling equipment and services. IRTC is a U.S.-based manufacturer of heavy-duty rough-terrain machines. Through this agreement, Kalmar adds the RTCH to its product r
Could Port Sudan evolve into both a commercial hub and military asset? Sudan's proposal to establish Russia's first African naval base threatens to reshape Red Sea maritime dynamics as the war-torn nation attempts to leverage strategic geography against operational collapse
Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa-China bauxite trade. The Singapore-based owner - which runs a fleet of more than 100 bulkers, over 50 of them owned - signed ...
Digital Container Shipping Association welcomes IKEA as first shipper to join its partnership programme IKEA Supply has joined DCSA+, the Digital Container Shipping Association's partnership programme for advancing digital standards across the container shipping industry. As the first shipper to participate, IKEA Supply adds the cargo owner perspective to a growing community of carriers, forwarders, terminals, feeders and technology providers working together to improve interoperability and data ex
Dong Fang Offshore locks in CLV newbuild Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway's Westcon. The deal will see the yard take over and complete a large CLV already under construction, with delivery set for the first quarter ...
Seafarers kidnapped from LPG carrier off Equatorial Guinea A Portugal-flagged LPG carrier has been attacked by pirates off Equatorial Guinea, with at least nine seafarers reportedly kidnapped. Security firm Vanguard said the CGas Saturn was boarded around 50 nautical miles west of Mbini early Monday. The 2003-built gas tanker, owned by Denmark's Christiania Gas, was sailing toward Malabo when the assault took place. ...
Kremlin threatens wider retaliation as Black Sea security deteriorates Security in the Black Sea and surrounding waters has taken an ominous turn following a spike in attacks on Russian-linked shipping and fresh threats from the Kremlin, raising alarm and insurance rates. Vladimir Putin has warned that Moscow may expand military action against commercial tonnage if strikes on Russia's tanker fleet continue. According to Interfax, ...
Sohmen-Pao boosts stake in offshore wind giant Cadeler BW Group chairman Andreas Sohmen-Pao has boosted his control of Cadeler after a fresh share purchase lifted his stake in the Danish offshore wind vessel giant to more than 27% BW Altor, a Singapore-based company ultimately controlled by Sohmen-Pao, acquired 17.5m Cadeler shares, according to a filing made under Danish disclosure rules. The transaction takes ...
Alpha Bulkers signs for 11 containerships in China Alpha Bulkers, long established in the supramax-to-capesize dry bulk segments, has become the latest Greek owner to pivot into containers, lining up an 11-ship newbuilding programme. Alphaliner is reporting the company has ordered conventionally powered vessels of 1,900 teu, 3,100 teu and 4,500 teu - designs that have become standard in the charter market due ...
Acteon unit secures three-year contract with Petrobras InterMoor has strengthened its foothold in Brazil after winning a three-year mooring asset integrity contract from Petrobras. The deal, signed months after the pair inked a memorandum of understanding, will see work begin in December 2025. InterMoor, part of Acteon's moorings and anchors business line, will provide quality assurance and digital traceability services for Petrobras' ...
FPSO changes hands in Amplus-Finder deal Finder Energy has taken a major step toward developing its KTJ oil project offshore Timor-Leste after securing the Petrojarl I FPSO under a strategic deal with Amplus Energy. The Australian explorer confirmed it will acquire the floater for US$15 million in a mix of cash and shares. As part of the transaction, Amplus - which ...
Flex Box Shipping firms up 8,800 teu newbuilds at HD Hyundai Samho Flex Box Shipping, the Chinese-controlled, Singapore-based owner and commercial manager, has firmed up a previously announced containership order at South Korea's HD Hyundai Samho Heavy Industries. Alphaliner is reporting Flex Box has gone for four conventionally powered 8,800 teu newbuilds. Deliveries are pencilled in to begin in September 2027, with one vessel scheduled for handover ...
COSCO sets up advanced tech institute COSCO, the world's largest shipowner, has unveiled a new Advanced Technology Research Institute in Shanghai, underlining the Chinese state-owned group's ambition to position itself as a global shipping technology powerhouse. The institute was inaugurated at Marintec China, the world's largest shipping exhibition, taking place in Shanghai across 110,000 sq m of exhibition space. The new ...
Nine Filipino seafarers to be released after Red Sea Houthi attack Nine Filipino seafarers held hostage by Yemen-based Houthi militants following an attack on the Eternity C are set to be released and transferred from Sana'a to Muscat, the Philippine Department of Foreign Affairs (DFA) has confirmed. The DFA said it received confirmation of the imminent release from Omani authorities, following months of diplomatic engagement. The ...
Prysmian secures larger Solstad vessel for cable work Solstad Maritime has upgraded its upcoming campaign with Prysmian by assigning the larger construction support vessel Normand Energy in place of the originally planned Normand Ocean. The vessel switch strengthens the long-running partnership between the Norwegian offshore vessel owner and the Italian cabling specialist, which have worked together on subsea and power-cable projects since 2016. ...
South Africa moves to prosecute major container lines over historic price-fixing claims South Africa's Competition Commission has referred a price-fixing complaint against eight major container lines to the country's Competition Tribunal, alleging collusion over general rate increases (GRIs) on trades between Asia and southern and western Africa. The case targets the local units of Mediterranean Shipping Co, Maersk, CMA CGM, Pacific International Lines, Evergreen, COSCO, Mitsui OSK
Hyundai Motor brings hydrogen push to shipping with new fuel-cell drive Hydrogen's footprint in transport is widening - from cars and buses to tractors and now ships - with Hyundai Motor stepping up as a key catalyst. This week in Seoul, Hyundai Motor signed a multilateral MOU with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Pusan National University to develop and commercialise hydrogen fuel-cell ...
IFCHOR Galbraiths acquires Brazilian broker Shipbroker IFCHOR Galbraiths (IG) is acquiring Brazilian dry bulk shipbroker Aries Shipping for an undisclosed price. Founded in 2005, Aries Shipping is a Rio de Janeiro based firm led by Marcela Rosman and Bruna Moraes. This move follows IG's launch of a Houston desk dedicated to the US Jones Act tanker market and forms part ...
Teqplay: AI, automation and what happens next Shipping is standing on the edge of its biggest productivity shift in a generation - and this time, it's not driven by a new hull design or fuel type, but by artificial intelligence. After years of hype, experimentation is giving way to practical deployment, and 2026 looks set to separate what works from what doesn't, ...
Capesize rates spike to $45K per day, highest level in two years The dry bulk shipping market is ending the year on a high note - a far cry from what happened in...
Cargill's Jan Dieleman backs Marinakis call for shadow fleet scrapping amnesty Cargill ocean transportation president Jan Dieleman has praised a call by Evangelos Marinakis for US and European authorities to suspend...
Top 10 box port operators 2025 Singapore giant PSA International retains its number one position in the global container port rankings as it closes in on...
Alpha Bulkers signs up for first boxship newbuildings Alpha Bulkers is joining a growing group of Greek tanker and bulker owners diversifying into containerships
Zodiac Maritime pens new boxship and VLCC orders valued at $1.6bn Latest orders bring total number of newbuildings contracted in 2025 by the British shipmanager to 22 ships
Besiktas Shipping ceases all Russia-related operations after vessel attacked The Turkish manager of Mersin, which was hit by explosions off the Senegal coast a few weeks after loading in...
Unions challenge Dutch legal ruling on controversial dockers' clause ITF seeks leave to take case to Netherlands supreme court
Ukraine denies latest tanker attack Ukrainian foreign ministry accused Russia of staging the incident on Midvolga-2
Ifchor-Galbraiths acquires Brazilian shipbroker to boost South America presence The deal follows IG's recent launch of a Houston desk to service the US Jones Act tanker market
Pirates kidnap crew off West Africa Security sources in the region say nine crewmembers have been kidnapped by the pirates, with four seafarers left on board
Cansi chief calls for end to 'volume game' as China's shipbuilding share peaks China's shipbuilding association is urging the sector to swap market share battles for disciplined, innovation-led leadership as US-driven geopolitical pressure...
More investment, not consumption, needed to spur China's commodity imports Retaliatory tariffs on US energy will force China to look elsewhere if capital investments rise sharply in the near future
The Daily View: It's never OK to take out tankers
Shadow fleet scenarios suggest muted impact if Russian sanctions are lifted The uncertain prospect of a peace deal in Ukraine has sent tanker analysts scrambling to reassess the fate of the...
Daily Briefing Ukraine's right to take out shadow fleet tankers is legal grey area | Ukraine intensifies Black Sea attacks on Russian...
Trans-Pacific carriers tweak pricing strategy to keep rates from collapsing Despite lower volumes and elevated capacity, carriers have managed to keep rates at acceptable levels of late in part by favoring shorter, more frequent general rate increases.
South Africa hits eight ocean carriers with price collusion allegations Even though the claims originate from more than seven years ago, the government alleges artificially high freight rates are nonetheless hurting South Africa's consumers and exporters.
Regulatory agencies developing framework for use of maritime nuclear power The IMO and IAEA are working on setting up international regulations and standards that would underpin the production and development of nuclear power in the maritime industry.
WiseTech pricing change tests shippers' willingness to absorb tech costs Forwarders are bemoaning pricing changes WiseTech made this week to its CargoWise products, saying their technology costs will rise markedly because shippers will be unwilling to accept the pass-through costs.
Davie Defense locks in Texas shipyard buy, adding to icebreaker drive Gulf Copper acquisition builds on partnership with US, Canada and Finland to construct Arctic icebreakers
Anglo-Eastern to roll out AI navigation tool on 750 managed vessels Ship manager to offer owners and crews Orca AI navigation tool
Capesize Christmas party takes shape with rates pushing two-year highs Earnings have run about 50% above the 10-year average in the second half of this year
Russian oil exports stable, despite Lukoil and Rosneft sanctions Unsanctioned production compensates for shortfall from blacklisted energy giants, Goldman Sachs argues
UK owner PG Tankers sees profit drop despite adding newbuildings Accounts show higher operating costs and administrative expenses
Aframax and LR2 rates set to weaken considerably, broker warns More than half of LR2s dirtied up to take on crude cargoes when crude tanker markets took off
Moby banks $265m to repay MSC loan after auction of five vessels Italian owner had put ropaxes under the hammer following antitrust probe in the Mediterranean
European Union adds teeth to planned Russian gas import ban National governments and parliament reach agreement on phase-out and full ban by late 2027
Kyiv's shadow fleet explosions and Moscow's empty threats Ukraine has finally acknowledged its attacks on shadow fleet tankers
Neu Shipping breaks newbuilding drought with six-ship VLOC order Heavyweight German bulker player heads to China for next-generation bulkers
Stena AB buys Kollsholmen Shipping from children of boss Dan Olsson Private Swedish group adds two ropaxes from unit of recycling and smelting company
Shipping heir Carl Ove Utkilen tops Norwegian income list with $180m Lorentzen and Wilhelmsen family members also flying high
Zodiac Maritime inks first VLCC order in over a decade as part of $1.6bn bundle UK owner has inked up to eight VLCCs and six conventional marine fuel boxships at Jiangsu Hantong Ship Heavy Industry
Christen Sveaas' Kistefos banks $150m in bond refinancing New issue prices at Nibor plus 3.75%
Turkey hints at expansion of LNG import facilities as it inks fresh supply deals Europe's fourth-largest gas buyer is expecting a tripling of demand
European ban on Russian LNG exports good for shipping rates, says MOL Lack of available tonnage will boost demand, says Japanese shipowner's head of transport
VLCC owner Al Seer beefs up management team with finance expert Experienced executive joins Abu Dhabi-listed group as CFO
Oslo port offers discount of up to 100% on port fees for green ships Lower emissions mean lower costs, Norwegian terminal authority says
Navios Maritime offloads bulker to tanker spin-off for $30m Greek owner reveals internal sale-and-purchase deal
Chinese shipowner's only bulker offered up for online auction Bidding on 2011-built handymax set to start at $4.2m
Seafarer hit by stray bullet as nine 'kidnapped by pirates in Gulf of Guinea' Security analysts had warned of a kidnap-and-ransom gang operating off the west African coast
Grimaldi to put air lubrication systems on nine newbuildings Order at CMI Weihai take the number of Italian owner's vessels fitted with Silverstream systems to 35
Why AI and tough times are driving a major merger in marine insurance UK and TT clubs brush off doubters of merger plans for a new maritime transport mutual
'Compelling valuation': BW LPG shares rebound after twin upgrades Analysts see an attractive opportunity after yesterday's stock fall
VLCC count doubles at Chinese ports as owners face congestion headache Sentosa Ship Brokers explains how high volumes and sanctions pressure are tying up tankers
Swiss group enters cruise sector with eight-ship order in China United Waterways seeks partners to operate new fleet of coastal and expedition vessels
Takeover target Zim in talks to charter up to a dozen Greek newbuildings Israeli liner operator in discussions to take ships for up to five years
Ocean Infinity to resume deep-sea search for missing MH370 jet on 30 December Malaysia revives fresh 55-day mission to be conducted by Ocean Infinity
Eni declares new FLNG record as it fires up Phase 2 of Congo project Newbuilding swings into action ahead of schedule with first cargo due for export in early 2026
Marco Polo stock soars after company posts 169.7% surge in full-year net profit Board announces 50% increase in final dividend
Judge tears up arrest order for Eletson LPG carrier Release request made by Murchinson after disputed Ithacki changed ownership
Chinese shipowner's only bulker offered up for online auction Bidding on 2011-built handymax set to start at $4.2m
Accelleron chief: Asia shows pathway forward through shipping's fuel deadlock Shipping, the dumpster of oil and gas, can be the role model of decarbonisation, says Daniel Bischofberger
Ambitious Vietnamese shipowner gets its hands on country's first methanol-fuelled ship ASP takes delivery of product tanker from a huge newbuilding slate
Seafarers set to be freed five months after Houthi ship sinking Houthi militants have held 11 people after picking them up from the Red Sea after missile and drone attack in July
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