VIDEO: Two North Star CSOVs are now alongside the quay at Vard Langsten Two advanced commissioning service and operations vessels (CSOVs) under construction for Aberdeen, Scotland-headquartered North Star are now alongside the quay at the Vard Langsten shipyard in Norway, marking an important step in
DHS approves full production of first Polar Security Cutter The Department of Homeland Security this week approved full production of the first U.S. Coast Guard Polar Security Cutter (PSC). The Coast Guard also received DHS approval for low-rate initial production of
Incat Tasmania launches the world's largest battery-electric ship Hundreds gathered at the Incat Tasmania shipyard in Hobart,Tasmania, today to witness the launch of Incat Hull 096 - the world's largest battery-electric ship. Constructed for South American ferry operator Buquebus, the
VIDEO: Kelly and allies reintroduce SHIPS for America Act At a Capitol Hill press conference yesterday, Senator Mark Kelly (D.-Ariz), Senator Todd Young (R.-Ind.), Representative Trent Kelly (R.-Miss-01), Representative John Garamendi (D.-Calif-08), and industry leaders announced the reintroduction of the SHIPS
Kuehne+Nagel, Orange expand partnership in France, Poland and Africa Global freight forwarder Kuehne+Nagel and Orange, a major worldwide telecommunications operator, extend their partnership for another three years for e-commerce operations of communication hardware in France, Poland and in the African markets. Kuehne+Nagel supports Orange in a growing market for mobile telephony and Internet access. Since 2004, the logistics activities in a dedicated fulfilment c
US West Coast ports show growth amid operational strain The Transpacific shipping corridor between the United States and China is experiencing a significant downturn, as newly imposed tariffs disrupt cargo flows, freight logistics, and port operations. Since the U.S. government implemented a steep 145% tariff on Chinese imports in early April, cargo volumes have plummeted by up to 60%, according to Bloomberg. This policy, part of the broader trade war
Indian Exporters Courted by Chinese Firms Amid Tariff Wars: A New Chapter in Global Trade As the US-China trade war persists, Chinese companies-strained by ongoing American tariffs-are increasingly looking to Indian exporters to help them maintain access to the crucial U.S. market. According to Bloomberg, several Indian firms attending the Canton Fair in Guangzhou reported being approached by Chinese counterparts seeking collaborative partnerships. The pitch: Indian suppliers would sh
Container throughput slows at Port of Melbourne The Port of Melbourne handled 267,000 TEUs in March, marking a 6.2% decline compared to the same month in the previous year. Full container imports (excluding Bass Strait trade) dropped 10.5% to 99,000 TEUs, while exports fell 6.2% to 62,000 TEUs. Bass Strait volumes accounted for 17,000 TEUs during the month. Despite the March slowdown, year-to-date volumes from July to March rose by 5% year-on-
Iran navigates shipping development amid push for regional cooperation Amid the recent accident at the strategic Bandar Abbas Port , Iran's shipping and maritime sector finds itself at the intersection of logistical bottlenecks, regional diplomacy, and ambitious infrastructure plans. The blast, originating from a container yard storing hazardous chemicals, has significantly disrupted Iran's shipping operations and raised concerns about safety protocols. Despite the
Denmark proposes US$1 billion state-backed war risk insurance for shipping The Danish government has unveiled plans to establish a state-backed US$1 billion war risk insurance programme for the shipping sector, intended as a safeguard in case commercial insurance markets become unavailable. Describing the proposal as a "timely precaution," the government plans to present the initiative to parliament for a vote later this year. "There are global tensions and war on Europ
Seaspan orders 11,400 TEU sextet for COSCO charter Seaspan Corporation has commissioned six 11,400 TEU ships at Shanghai Waigaoqiao Shipbuilding (SWS) for long-term charter to COSCO Shipping Lines. The order was made in conjunction with Seaspan Chairman and CEO Bing Chen's visit to SWS on 29 April, during which he and the shipyard management discussed collaboration in the areas of green fuels and shipbuilding. Seaspan is the largest independent o
CMA CGM renews Syrian port deal for another 30 years French ocean carrier CMA CGM has signed a 30-year agreement with the Syrian government, which includes the development of a new berth at Latakia Port and an additional US$260 million (€230 million) investment over the course of the partnership. The Marseille-based shipping company first began operations at Latakia's container terminal in 2009, during the leadership of the now-ousted Bashar al-Ass
Seaboard Marine stretches intra-Americas service American ocean transportation company Seaboard Marine is expanding its U.S. East Coast-Central America service, according to the latest report from DynaLiners. The updated rotation will now include the Port of Santa Marta in Colombia and will be served by three vessels, each with a capacity of approximately 3,500 TEUs. The revised port rotation will be as follows: Philadelphia (USA) - New York (U
Freightos Update: China volumes fall as demand climbs from South East Asia With a minimum 145% tariff on all goods from China, many US importers are canceling orders and pausing shipments in hopes that direct negotiations - which have not officially begun yet - between the two countries will result in de-escalation and lower tariffs soon. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. I
US port fees pressure niche Transpacific liner operators Shipping data analysis firm Sea-Intelligence examined the impact of the proposal by the US Trade Representative (USTR) to penalise Chinese shipping lines and non-Chinese shipping lines operating China-related vessels. "We looked specifically at small independent niche carriers on the Transpacific, as the global carriers might have a larger exposure to this proposal, but their extensive and divers
Spanish ports post stable Q1 container volumes Spanish ports have maintained stable box volumes in the first quarter of 2025, recording an aggregated 4.32 million TEUs, which translates to a marginal growth of 1% compared to the same period last year. Spain's largest port, Algeciras, saw an 11% decline in throughput, marking a poor performance. Barcelona, the country's second-busiest port, also experienced a drop, albeit a more modest 2% decr
Mediterranean becomes fifth global SOx Emission Control Area Effective from 1 May, the Mediterranean Sea has been officially designated as an Emission Control Area (ECA) for sulphur oxides (SOx) under MARPOL Annex VI Regulation 14, as adopted by the International Maritime Organization (IMO). This development mandates that vessels operating in the Mediterranean Sea use fuel with a sulphur content not exceeding 0.10%. This regulation aims to reduce air pollu
Milaha enhances service linking Middle East to India Milaha, one of the largest and most diversified maritime and logistics companies in the Middle East, has added the port of Dammam to the route of its Middle East-India Express (MIX) service. The service connects the west coast of India with the Middle East Gulf, and the updated port rotation will be as follows: Jebel Ali (UAE) - Hamad (Qatar) - Dammam (Saudi Arabia) - Nhava Sheva (India) - Jebel
Cosco changes Far East-West Coast South America service Cosco has added the port of Guangzhou (Nansha) to the rotation of its Far East-West Coast South America (WSA3) service, which connects China with Mexico, Chile and Peru. The new itinerary will be as follows: Yokohama (Japan), Shanghai (China), Hong Kong, Guangzhou (Nansha, China), Xiamen (China), Qingdao (China), Ningbo (China), Shanghai, Manzanillo (Mexico), Chancay (Peru), San Antonio (Chile),
US port fees could force COSCO out of Transpacific market The US Trade Representative's (USTR's) implementation of port fees on Chinese ship operators and Chinese-built ships could price companies like COSCO Shipping Lines and OOCL out of the market, according to Drewry's recent webinar. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Cont
MSC and Hapag-Lloyd revise joint Med-East Coast South America service Swiss-Italian carrier MSC and German shipping line Hapag-Lloyd have announced a change to their joint Mediterranean-East Coast South America (MSE/SAEC) service. The Port of Montevideo (Uruguay) will be replaced by the Port of Navegantes (Brazil) in the following updated rotation: Valencia (Spain) - Barcelona (Spain) - Leghorn (Italy) - Genoa (Italy) - Valencia (Spain) - Suape (Brazil) - Rio de Ja
Maersk exits Eurosal service Maersk appears to have ceased chartering slots on the West Coast South America-Europe Eurosal XL/EWX/SWX service of CMA CGM, Cosco Shipping Lines and Hapag-Lloyd, according to DynaLiners. The Danish ocean carrier inherited this service through the acquisition of Hamburg Süd in 2018. The operation currently sails between: Rotterdam, London (Gateway), Hamburg, Antwerp, Caucedo, Cartagena, Colon, Bu
Importance of a Car Accident Lawyer in the Protection of Your Rights The period following an accident can be unusually overwhelming for an individual in various ways, like emotionally and even financially. The role of a car accident lawyer becomes prominent during such challenging times as they assist in protecting one's rights and help obtain just compensation. Here are the ways how a car accident lawyer works to protect your interests throughout the legal procee
Gemini partners top schedule reliability rankings According to Sea-Intelligence's Global Liner Performance (GLP) report, i n March, global schedule reliability improved by 3 percentage points M/M to 57.5%, the highest level recorded since November 2023. On a Y/Y level, the March score was also higher by 3 percentage points. Maersk was the most reliable top-13 carrier in March with schedule reliability of 66.9%, followed by its Gemini partner Hap
Singapore appoints new chief executive of Maritime and Port Authority The Maritime and Port Authority of Singapore (MPA) is getting a new chief executive in June. Ang Wee Keong, the assistant chief executive (international) of the Infocomm Media Development Authority (IMDA), has been named chief executive-designate from May 1 to June 15. He will relinquish his current position at IMDA and take over from Teo ...
Trump energy official concedes Empire Wind halt was 'dangerous' Leslie Beyer, Donald Trump's nominee for a top Interior Department position, has agreed that the recent order to stop work on Equinor's Empire Wind project sent "a dangerous message" to developers. Beyer, nominated as assistant secretary of the interior, lands and minerals management, was asked by senator Angus King during a confirmation hearing about the ...
Fujian Highton Development adds supramax from SFL Corporation One of China's fastest-growing bulker owners, Fujian Highton Development, continues its fleet expansion with the $10.2m purchase of the 14-year-old, 57,000 dwt SFL Yukon, now renamed Xin Hai Tong 61, from John Fredriksen's SFL Corporation. It marks Highton's smallest and oldest acquisition this year. The company has also secured four ships from ArcelorMittal Shipping for ...
The inconvenient truth about shipping's decarbonisation Pierre Aury reflects on MEPC 83 and mankind's failure to rein in CO2 emissions. The International Maritime Organization (IMO) just held the 83rd session of its Marine Environment Protection Committee (MEPC). Before we deal with the situation of the shipping industry, emissions-wise, it is useful to revisit the recent history of humans trying - or ...
Equinor sells majority stake in Brazilian oil field for $3.5bn Norwegian energy major Equinor has sold its stake in the Peregrino field to Brazilian company Prio Tigris, a subsidiary of PRIO, for $3.5bn Equinor sold its 60% operated interest in the field to PRIO, Brazil's largest independent oil and gas company, for a consideration of $3.35bn and an additional maximum of $150m in interest. The ...
Wallenius Wilhelmsen closes sale of Melbourne car terminal Oslo-listed car carrier operator Wallenius Wilhelmsen has completed the sale of Melbourne International RoRo & Auto Terminal (MIRRAT) following approval from the Australian Competition and Consumer Commission in April. The deal sees Australian Amalgamated Terminals, a subsidiary of Australia's largest logistics provider Qube, taking over the country's largest car and roro terminal for around A$33
Archer inks deal for late life and P&A work on Repsol's UK assets Norwegian offshore service provider Archer has signed a five-year contract with Spanish oil and gas firm Repsol for work on their UK offshore assets. The agreement includes a two-year optional extension and covers platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies. Archer will support late-life operations and plug and ...
Quebec grain terminal changes hands Parrish & Heimbecker, a Canadian, a family-owned agri-business, has acquired a deepwater bulk marine export terminal in Quebec City from Societe En Commandite Terminal Grains, which has been operated by Sollio Agriculture since 2021. "The addition of a Quebec City terminal is a strong fit for our long-term growth strategy," said John Heimbecker, CEO of ...
Danish government looks to establish $1bn war risk programme The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail. The government said the insurance plan, due to be voted on in parliament later this year, was a "timely precaution". "There are global tensions and war on European soil," ...
European Maritime Finance appoints Torben Degn as CEO Denmark's European Maritime Finance has appointed Torben Degn as CEO. "We are excited to welcome Torben Degn as CEO, whose vision and extensive experience will be pivotal in leading the company through its next chapter," said founder and chairman of the investment committee Martin Haugaard. European Maritime Finance is a specialised fund manager, licensed by ...
CMA CGM signs Syrian port deal CMA CGM has signed a 30-year deal with the Syrian government to develop Latakia port, including building a new berth and investing $260m to bolster Syria's top port. CMA CGM has been operating at Latakia since 2009. The new deepwater berth will be 1.5 km long with depths alongside of 17 m. Under the agreement, ...
LNG shipping rates are up from lows but trade war raises new risks European demand for US LNG has buoyed spot rates in the Atlantic, while a slump in Chinese demand has kept...
Iranian energy exports keep flowing as Trump threatens secondary sanctions The US has piled on designations on Iran amid the Trump administration's 'maximum pressure 2.0', but these has thus far...
TEN takes first of 12 shuttle tanker newbuildings Athens 04 is first of pair chartered to TotalEnergies, according to industry sources
Cosco inaugurates new car carrier service to Piraeus hub Cosco-controlled Greek port eyes further strengthening of role in automotive trades
Salvage tug dispatched to stricken Maersk boxship after engine room fire in Atlantic A salvage tug has been sent from Mexico to tow the stricken 2004-built Maersk Sana
US port fees: Two out of three ain't bad The second version of the USTR proposals is still unfair and stupid. But not necessarily unworkable
CMA CGM expands management agreement for Syria's Latakia box terminal CMA CGM has been managing Latakia's box terminal since 2009
'Robots don't pay taxes': automation will force port worker evolution Terminal automation is arguably the key industrial battleground for trade unions, and port workers will see their roles evolve to...
Container trade braced for negative growth if US-China trade war persists The trade negotiations between China and the US will determine the growth prospects of container trade this year
Tanker sales drop on buyer caution as asset values remain stable, despite freight rate surge Recent tanker sales included two modern VLCCs purchased by Oman's Asyad Shipping for $205m en-bloc. In the medium-range segment, Gulf...
The Daily View: The challenge of forcing cargo on to US-built ships
Daily Briefing Reintroduced US SHIPS Act will target owners of Chinese newbuilds | Will alternative fuels ever work for dry bulk? |...
Truckload technology providers partner on cargo theft initiative Rapidly growing occurrences of cargo theft in the US have compelled two early-stage technology companies to use data around truckload movements to assist law enforcement.
US forest product export rebound unlikely to repeat amid tariff war Paper and forest product exports climbed for the first time in more than five years in 2024, but various headwinds will challenge demand in 2025.
US LTL rates rising despite falling volumes, more cautious shippers Less-than-truckload companies are reporting low volumes and customers stressed by trade wars, but contract rates are climbing.
Shift in ocean capacity from trans-Pacific spells trouble for Asia-Europe While ongoing port congestion in North Europe and longer voyages around the Cape of Good Hope will help to absorb incoming vessels, it will also leave the trade lane open to volatile shifts in capacity that cannot be planned for, a Journal of Commerce webinar was told.
Uneasy West Coast ports watch as first signs of trade dispute with China emerge The Los Angeles-Long Beach complex, which handles about half of all US imports from Asia, is so far due to experience 59 blanked sailings between May 1 and June 30.
Fairfax confident as Seaspan Corp parent adds to profits Poseidon Corp's exposure to trade war is limited by long-term contracts, Fairfax president says
New Black Sea port plans in flux after US pressure over Chinese role Georgia's economy minister says winner has not been identified and Beijing's reported role was 'misinformation'
Sanctioned Russian shadow LNG carrier takes Suez Canal southbound Second laden ship waits to north of waterway while all eyes turn to Russia's first Arc7 newbuilding
Viewpoint: Navigating maritime disputes and the case for smarter counterparty selection When disputes occur, the primary challenge for the prudent party lies in the complexities of the system, write Ricardo Azpurua and Prokopios Krikris
'Directionless' capesize spot market buoyed by transatlantic activity Rates up 10% on the week although market remains 'cautious'
Arrow brokers quit to join Mid-Ship in Miami and Seattle New hires will help firm expand its business
Gaza aid ship 'attacked by drone' in Mediterranean Freedom Flotilla Coalition blames Israel for drone strikes that breeched hull
DOF Group inks two subsea workboat deals Company is focusing on building its backlog Announcement comes amid analyst warnings on grim tonne-mile outlook for VLGCs
Clarksons director Constantin Cotzias follows chairman Laurence Hollingworth in buying cheaper shares Bloomberg executive took advantage of fall in price on Thursday to snap up stock
Russian tanker crewmen injured after US attack on Yemen port Two others hurt on the product carrier Seven Pearls at Ras Isa
Last Chevron tanker returning Venezuelan cargo as exports plunge Aframax Dubai Attraction has headed back to port with crude oil
Norden wins analyst backing for more open reporting of trading operations Danish owner-operator has lifted the corporate veil higher on its bulker and tanker divisions
Donald Trump warns of new crackdown on buyers of Iranian oil Threat is the latest aimed at China, the largest importer of Tehran's crude
'Urgent need': MHSS recruits psychologists to support LGBTQ+ crew members on ships Luca Hutter and Angelo Tenorio explain how the stresses of leading a double life can take a toll on seafarers
Traders and shipowners seek legal advice on how they can resume trading with Russia Insurers also quizzing lawyers on what will happen should a peace deal be agreed in Ukraine
Sinokor ups VLCC exposure as term charter rates rise in hot market South Korean owner said to have fixed AET and Evalend tankers for a year
Greece's Hermes Maritime sees second bulker arrested, this time in Romania Kamsarmax held in Port of Constanta by Wilhelmsen Port Services
Golar LNG signs off on FLNG Hilli redeployment to Argentina and firms up work for its conversion Company agrees 20-charter terms for its first Mark II unit with Southern Energy consortium
Russian tanker crewman injured after US attack on Yemen port Two other Russians injured on the product carrier Seven Pearls at Ras Isa
Scorpio Tankers profit bodes well for product carrier sector in earnings seasons, analysts say Undervalued shipowner poised for a value jump
Denmark's European Maritime Finance names new CEO EMF boasts strong pipeline of projects
Greece's Element Shipmanagement lifts container ship fleet to seven vessels Owner keeps up buying spree and takes delivery of third secondhand vessel in just over a year
CMA CGM signs 30-year deal to invest $260m in Syrian port of Latakia French liner giant will build new berth, government says
Axiom Ince executives face fraud trial over collapse of law firm Serious Fraud Office alleges the misuse of client money and an attempt to cover up the evidence
Billion-dollar wartime insurance scheme planned by Denmark to protect fleet Government preparing for growing risk of a major war by protecting commercial fleet
Advantage snaps up Trafigura resale as it stacks VLCCs The 319,000-dwt resale is being built at Jiangsu New Hantong
Danske Bank shipping and energy credit exposure rises in first quarter Lender said report shows resilience of Nordic economies amid global uncertainty
HD Hyundai Mipo bags LPG newbuildings worth close to $162m Midsize gas carriers scheduled to deliver by second half of 2027
Greek bank arrests tanker caught in Houthi-held territory for the past decade Aegean Baltic Bank chases Starlet to ship recycling facility in India in long-running legal dispute
West Coast politicians, port executives protest 'reckless' tariffs West Coast politicians and port executives warned that President Trump's tariffs will have far-reaching consequences for the U.S. economy.
DHL cuts ties with cargo airlines as efficiency initiative ramps up DHL Group is trimming some airline partners to reduce excess capacity in its air network as part of an effort to maintain growth in a turbulent market.
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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