USCG awards Austal USA $314M for OPC long lead time materials Austal Limited (ASX: ASB) reports that the United States Coast Guard has exercised options with its Austal USA subsidiary worth US$314 million (The contract options approve Austal to order long lead time
Kongsberg Maritime advances offshore floater installation with simplified mooring systems Kongsberg Maritime reports that it has reached the next stage in its efforts to advance the mooring of offshore floating structures through the development of simplified mooring solutions. Building on its patent-pending
CMA CGM postpones implementation of low water surcharge on Manaus Following the latest monitoring of Amazon River water levels, CMA CGM reports that levels are decreasing at a slower pace than previously estimated. As a result, the implementation of the Low Water Surcharge for cargo to and from Manaus has been postponed. The surcharge will now take effect on September 15, 2025, and will apply to all imports and exports through the port of Manaus, Brazil. It wil
Shimanami Shipyard delivers new 40,000 DWT bulk carrier On September 2, Shimanami Shipyard delivered KEN FOREST , a 40,000 deadweight ton ocean-going bulk carrier. The vessel features a double-hull, box-shaped hold design with topside tanks, making it suitable for a wide range of cargoes, including grain, coal, ore, cement, steel coil, and long steel. The ship is equipped with four deck cranes, wide hatch openings, and folding hatch covers for efficie
Sea-Intelligence: Market volatility impacts 2025-Q2 profitability In 2025-Q1, despite market uncertainty and a volatile geopolitical climate, the major shipping lines recorded a combined EBIT of US$5.89bn, which was only lower than the Q1 in the 2021-2023 pandemic period. Market disruptions continued in 2025-Q2, with shifting volumes and consistent downwards pressure on freight rate. As a result, the same major shipping lines recorded a combined EBIT of US$2.73
Middle East eyes ship recycling dominance as trade routes shift Red Sea crisis and new regulations create opening for region to challenge Asian monopoly in ship recycling industry
UK trials give uncrewed vessels a voice at sea Marine AI, backed by the Defence and Security Accelerator (DASA), has launched a world-first project enabling uncrewed vessels to communicate naturally with other ships. Trials are now underway in Plymouth and Portsmouth, testing a large language model designed for ship-to-ship dialogue. The project aims to tackle a key challenge in maritime autonomy: safe and trusted communication between crewed
Undeclared cargoes could have caused Incheon container blast The explosion of a Maersk container in Incheon New Port on 28 August has raised concerns that false declarations by some used car exporters may lead to similar accidents again. It has been revealed that it is common for forwarders to load used cars, as well as other miscellaneous items, such as household goods and electric appliances, into containers to maximise the space usage
Japan discusses U.S. tariffs with shipping industry According to Japan International Freight Forwarders Association (JIFFA), Japan's government has met with shipping leaders to discuss the potential impact of U.S. tariffs and related trade policies. State Minister of Land, Infrastructure, Transport and Tourism Yasushi Furukawa held talks with executives from Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" Line), an
Can Gemini survive bear box market? Tanking demand and collapsing spot rates are seeing a return to the pre-Covid days of intense competition between container lines as carriers vie for decreasing cargo volumes, with Gemini refusing to blank sailings, the new reality may force a change of strategy. Gemini Cooperation carriers Maersk and Hapag-Lloyd refuse to blank sailings having made punctuality and reliability a key differentiato
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CNC revamps BMX service with new Masan call CNC announces an enhancement to its BMX service with the addition of a strategic port call at Masan, Korea. This upgrade is designed to deliver greater connectivity, reliability, and speed, offering customers more options for Korea-bound cargo. The inclusion of Masan provides improved access to the Korean market with short transit times-particularly advantageous for time-sensitive shipments such
Wärtsilä selected for new ethane carriers Wärtsilä Gas Solutions has been chosen again by Samsung Heavy Industries (SHI) to supply the cargo handling and fuel gas systems for five new Very Large Ethane Carriers (VLECs). The ships are being built in Korea for Mitsui O.S.K. Lines and will transport ethane from the U.S. to Thailand. The order was booked in Q2 2025. Wärtsilä has a long-standing relationship with both SHI and Mitsui O.S.K., h
USA is preparing for Arctic shipping competition As China dominates global shipbuilding, US invests heavily in Arctic capabilities and Gulf Coast infrastructure to maintain maritime influence
ONE launches Spain-Portugal-Morocco service Ocean Network Express announces the launch of its new Spain Portugal Morocco Service, providing expanded regional coverage and enhanced global connectivity through its transshipment hub in Valencia. The service will operate on a bi-weekly basis, commencing on October 16, 2025, with the first sailing from Valencia. The rotation will connect Valencia, Lisbon, and Casablanca before returning to Vale
Fincantieri and PGZ sign MoU Fincantieri and Polska Grupa Zbrojeniowa (PGZ) have signed a Memorandum of Understanding at the MSPO Defence Industry Exhibition in Kielce. The agreement sets the stage for long-term collaboration to support the modernization of the Polish Navy, with a focus on the ORKA submarine program. The MoU was signed by Mauro Manzini, Fincantieri's Naval Vessels Division VP Sales, and Jan Grabowski, PGZ Vi
DHL eCommerce UK and Evri merger wins CMA approval The UK's Competition and Markets Authority (CMA) has cleared the merger between Evri and DHL eCommerce UK without conditions. The deal is expected to be completed shortly, once all regulatory approvals are finalized. The new Evri Group will become the UK's largest parcel and mail delivery business. It will combine more than 30,000 couriers and van drivers, 12,000 staff, and a fleet of 8,000 vehic
Chittagong port seeks consultants to prepare tariff schedule for two port terminals The Chittagong Port Authority is looking for international consultants to formulate an international standard tariff schedule for it's under construction Matarbari deep-sea port and Bay Terminal. The deep sea port, funded by Japan International Cooperation Agency (JICA) is also being constructed by Japanese companies. On the other hand, the PSA Singapore and the DP World have been completing pape
ZPMC delivers world's largest pile-driving vessel Shanghai Zhenhua Heavy Industries (ZPMC) has delivered the Erhang Changqing, the largest pile-driving vessel ever built. The ceremony took place on January 5 in Qidong City, Jiangsu Province. The vessel measures 130.5 meters long, 40.8 meters wide, and 8.4 meters deep. Its 150-meter-high pile frame can drive piles up to 700 tons and 7 meters in diameter. It sets new records for both pile-lifting
New ABS Wavesight platform simplifies compliance ABS Wavesight has introduced ABS Wavesight Advantage , a new digital platform designed to simplify compliance and boost efficiency across the maritime sector. The cloud-based system connects vessels, shore teams, and data into one hub, giving operators a single source of truth. By combining AI, predictive analytics, and real-time validation, it helps shipowners and charterers cut emissions, reduc
Major container lines post weakest results since 2023 Regressing freight rates have seen liner operators post their poorest showing since the last quarter of 2023, and carriers are expecting to be in the red in 4Q 2025, with the peak season ending prematurely. Alphaliner said in its report that the nine largest carriers logged an average 9.9% operating margin for Q2 2025, the worst result since 4Q 2023. Many shipping lines posted operating losses in
New members elected to executive board of German Airlines Association The Federal Association of German Airlines (BDF) has announced the election of Gregor Schleussner to its Executive Board, effective 1 September 2025. Schleussner, who became Chief Financial and Chief Human Resources Officer at Lufthansa Cargo on 1 July, succeeds Frank Bauer and will represent Lufthansa Cargo within the BDF leadership. Schleussner's appointment underscores Lufthansa Cargo's strate
MABUX maintained moderate upward trend At the close of the 36th week, the global bunker indices MABUX maintained their moderate upward trend. The 380 HSFO index rose by US$5.57 to US$467.08/MT. The VLSFO index gained US$6.92, reaching US$555.84/MT, surpassing the US$550 mark. The MGO index increased by US$11.98, climbing to US$775.81/MT. However, as of the time of writing, the global bunker market showed no clear overall direction. Th
Kuehne+Nagel announces management board changes Kuehne+Nagel International AG has announced two upcoming changes to its Management Board. Effective October 1, 2025, Eduardo Razuck will take over leadership of the Contract Logistics business unit, succeeding Gianfranco Sgro. From May 1, 2026, Søren Schmidt will assume responsibility for the Road Logistics division, following the planned retirement of Dr. Hansjörg Rodi in summer 2026. Schmidt, a
CRC Evans appoints Mauro Piasere as CEO CRC Evans, the global leader in welding and coating for energy and infrastructure, has appointed Mauro Piasere as its new CEO. The Edinburgh-based company enters a new growth phase under his leadership. Piasere brings over 30 years of executive experience, joining from Saipem SpA, where he led innovation and industrialized solutions. He will focus on expanding CRC Evans' presence in conventional
Decoding Maritime Emissions: Insights from Q2 2025 by VesselBot Global shipping continues to be the backbone of world trade, carrying around 90% of all goods. Yet, as trade routes shift under the pressure of geopolitical events, economic policies, and environmental regulation, the industry faces increasing scrutiny over its carbon footprint. VesselBot's latest report, Decoding Maritime Emissions, Q2 2025 , provides a comprehensive, data-driven look at how the
Maersk updates peak season surcharge for Middle East and Indian Subcontinent Maersk is updating the peak season surcharge for shipments Middle East and Indian Subcontinent to US and Canada West Coast. It will be applied for the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman, Pakistan, Qatar, Saudi Arabia, and Yemen to the US and Canadian West Coast, effective from 2 October 2025. The revised tariff levels f
SVTI boosts volume and invests US$12M in equipment San Vicente Terminal Internacional (SVTI) has posted strong results, doubling its container transfers in just one year. The growth was fueled by long-term customer volumes and a new Asia service from the alliance of Hapag-Lloyd, MSC, ONE, and HMM. Alongside this performance, the terminal is rolling out a US$12 million investment plan to modernize equipment and strengthen safety and reliability. T
Mythos AI and LomarLabs launch bridge intelligence pilot Mythos AI has successfully installed its Advanced Pilot Assistance System on the CB Pacific, a chemical tanker operated by CB Tankers, part of the Lomar group. This installation represents a key milestone in the partnership with LomarLabs, Lomar Shipping's corporate venture lab, and initiates a year-long trial to introduce advanced bridge intelligence to commercial shipping. The project focuses o
Port of Hamburg appoints new members in Supervisory Board Marcus Vitt will join HHLA's Supervisory Board and assume the role of Chairman, succeeding Prof. Dr. Rüdiger Grube, who will step down on 30 September 2025. Senator Dr. Andreas Dressel and Katharina Kriston will also join the Supervisory Board. Senator Dr. Melanie Leonhard, representing HHLA's majority shareholder, Port of Hamburg Beteiligungsgesellschaft, expressed gratitude to Prof. Dr. Rüdiger
Addicks & Kreye enhances Bremerhaven depot Addicks & Kreye introduces the operateMybox Depot module with CONROO integration in Bremerhaven. Addicks & Kreye Container Service in Bremerhaven is advancing its digitalization and automation efforts by signing a software license agreement with EUROGATE IT for the operateMybox Depot Operations module. This agreement provides Addicks & Kreye with a cutting-edge, cloud-based Depot solution, alread
NatPower Marine and Wah Kwong team up for Asian port electrification push NatPower Marine and Hong Kong-based shipowner Wah Kwong Maritime Transport have set up a joint venture to roll out large-scale shore power and vessel charging infrastructure across Asia. The new company, Wah Kwong NatPower, will start with projects in Hong Kong from 2026 before expanding into Greater China and North Asian markets. The aim is ...
Shipping heavyweights invest in AI safety firm Captain's Eye AI safety technology firm Captain's Eye has completed its Series A funding round, bringing in backing from major shipping groups Eastern Pacific Shipping (EPS), MOL PLUS of Mitsui OSK Lines, and The Caravel Group. The investors, which collectively control or manage more than 1,700 ships, are supporting the company's bid to scale its AI-powered video ...
Turkey's Stella Gemi orders chemical tankers in China Turkish outfit Stella Tanker Gemi Isletmeciligi (Stella Tanker Ship Management) has ordered up to four new chemical tankers in China, marking its first major fleet expansion move. The Izmir-based company, which currently manages a single vessel - the 2009-built, 9,000 dwt Unda - has signed a deal with Zhejiang Yongxin Shipping for three 7,300 dwt ...
Petrobras employee dies after falling from FPSO at Korean yard A Petrobras employee has died while supervising a stress test on a Petrobras FPSO being built in Hanwha Ocean's shipyard in Geoje. The supervisor from the Brazilian company died after falling from the Petrobras 79 FPSO. A structure fell into the sea from the stern deck of the vessel during a test on Wednesday. The ...
Permira becomes minority shareholder in RightShip Ship vetting platform RightShip has a new minority investor in the form of Permira, a London-headquartered investment firm. The new investment will continue to see founding shareholders BHP, Cargill and Rio Tinto each retaining their equal stakes. No price details have been revealed. Representatives of BHP, Cargill and Rio Tinto said in a joint statement: ...
Starlink Maritime slashes unlimited data plan price by 90% Starlink Maritime has slashed the cost of its unlimited data package for IMO-registered vessels from $25,000 per month to just $2,500 - a 90% reduction - with distributors throwing in free high-performance hardware. The Mobile Priority Unlimited package, which had been launched in early 2024, is now being pitched squarely at the commercial shipping sector. ...
ConocoPhillips to lay off up to 25% of its workforce US oil major ConocoPhillips has announced plans to lay off up to 25% of its workforce, as part of its cost-cutting measures. ConocoPhillips will be laying off between 20% and 25% of the company's employees, and contractors will be impacted worldwide. The company had a global headcount of 11,800 workers as of December 31, 2024. ...
Trump looking to pull permit for 2.4GW project off Nantucket The Trump administration is considering withdrawing the permit for a planned 141-turbine SouthCoast Wind project off Nantucket. The Department of Justice revealed in a court filing that the Department of the Interior plans to pull the project's permit. The permit was approved on the last day of the Biden presidency. The 2.4GW project has been ...
Manila Declaration on Seafarers' Human Rights, Safety and Well-Being gains international backing A declaration seeking stronger protection for seafarers was adopted in a Philippine government-led conference in Manila earlier this week. The Manila Declaration on Seafarers' Human Rights, Safety and Well-Being outlines eight commitments that advance sailors' welfare amid the risks they face at sea, including global health crisis and conflicts. "The Manila declaration is forward looking. ...
US threatens tariffs and port levies to sink IMO green deal The United States is leaning hard on allies and rivals alike to reject a landmark United Nations agreement to slash emissions from marine fuels, Reuters reports. Washington has warned that nations pressing ahead with the International Maritime Organization's (IMO) proposed framework could face a battery of retaliatory measures - from tariffs and port levies to ...
EmissionPassport launched to map hidden emissions in shipping supply chains Procureship, an e-procurement platform provider, has partnered with Copenhagen-based climate data specialist ReFlow to launch a new Scope 3 emissions solution to enable shipowners, operators, and managers to prepare for new climate-related reporting requirements by mapping emissions across their procurement value chains. As shipping stakeholders begin to respond to new requirements set out by the
Safety, shipping and capital markets Pierre Aury assesses how shipping fares when it comes to safety and share prices. A few months ago, Allianz published its annual safety and maritime review for the year 2024. As usual, it makes good reading. In a nutshell, in 2024, 27 total losses were recorded, down 75% from 105 total losses recorded in 2015. ...
Carbon capture needs a new business model Carbon capture and storage faces multiple challenges to scaling up. The biggest is not technology, but lack of a business...
Shadow fleet playing growing role in Houthi oil trade The so-called shadow fleet of tankers serving sanctioned oil trades is playing a growing role in delivering oil and LPG...
Contships raises further $75m from Nordic bond Greek owner will now have $175m outstanding on five-year bond after 'tap' issue was oversubscribed
Bab el Mandeb transits hit highest level since Red Sea exodus The sinking of two bulk carriers by the Houthis in July 2025 has not dissuaded some shipowners from sending their...
IUMI updates EV shipping guidance 'Burning car carriers regular sight these days,' said marine insurance trade association
'No Plan B' if IMO framework fails to pass, says Shell Marine executive Shell Marine decarbonisation general manager Alexandra Ebbinghaus says the IMO should adopt its Net-Zero Framework, and argues LNG is the...
Secondhand boxship values continue to defy freight markets downturn Values of secondhand boxships are becoming more disconnected from freight markets earnings
CSIC delists as China completes merger to create world's largest listed shipbuilder The deal consolidates over $50bn in shipyard assets under Shanghai-listed CSSC Holdings, strengthening its parent group's dominant 19.2% share of...
Off-specification bunker fuel concerns emerge in Singapore No major engine issues expected but shipowners are exercising caution
The Daily View: Pricing risk
Daily Briefing Container shipping margins hit post 2023 low as analysts flag year end losses | US continues crackdown on Iran-Iraq oil...
Trump taps two Floridians to serve on the FMC The two nominees, Laura DiBella and Robert Harvey, would replace former commission members Louis Sola and Carl Bentzel.
US truckload market mired in malaise as import surge wanes Excess capacity is keeping spot and contract truckload pricing in check, though imports into the West Coast generated demand in that region last month.
US ports look to Congress for tax breaks on replacing Chinese cranes A proposed amendment that could be included in the 2026 defense spending bill would allow terminal operators to receive the same tax breaks now available to the US shipbuilding industry.
BNSF, UP kept rail terminals fluid in August amid IPI surge That's an improvement from the near gridlock of four years ago during the COVID-linked volume surge and the elevated dwell times during last year's peak season, progress trucking companies say they have noticed.
Fairfield-Maxwell outlines plans to rebuild shipowning presence in Japan With deal to sell Fairfield Chemical Carriers, setting up new Tokyo shipping office was never a question
Scorpio Tankers lands another five-year charter as it improves current quarter's bookings Rates guidance on spot fixtures shows moderate gains from last update
New global association launched to promote green ethanol as a future marine fuel WinGD signs up as founding member
Frontline LR2 muscles into MR territory as Atlantic spot rates extend plunge MR tanker rates in the Atlantic have shed 32.6% since Friday
Hafnia chief Mikael Skov champions M&A to boost profit and woo investors after Torm swoop Former Torm chief executive talks about consolidation after Hafnia bought stock from Oaktree
Special surveys and newbuildings sound the death knell for LNG steamships 'Why wait for the inevitable. Get rid of them,' owners urged
Missile targets ship as Houthis suspected of fresh Red Sea attack Incident reported off Houthi-controlled port of Hodeidah in the early hours of Thursday
Shell to retrofit vessel with in-house catalyst to trial methane emissions measurement LNG-fuelling pioneer MSC eyes reaching net zero before 2050
What happens when debt is cheap and equity is just not an option for better companies This week's Streetwise explores how a year without shipping equity deals has rekindled owners' romance with lenders
Mystery owner brings offshore vessel tally at Pax Ocean to eight ships Singapore group's Chinese yard is building two more versatile vessels
'A very good nose for business': Nordic investors weigh in on Hafnia play for tanker rival Torm Storebrand says Hafnia must look after all shareholders' interests
Asiatic Lloyd joins feeder container ship newbuild rush Company is said to be contracting at least two 7,000-teu newbuildings
MSC Cruises adverts 'misleading' on clean LNG fuel claims, says UK watchdog Advertising Standards Authority investigated three promotional items at behest of Opportunity Green
Jinhui Shipping & Transportation sells another supramax at a book loss Hong Kong-registered company picks up vessel
Shell to retrofit vessel with in-house catalyst to trial methane emission measurement LNG-fuelling pioneer MSC eyes reaching net zero before 2050
Why casual conversations in the IMO corridors of power count It is what's said informally at this week's IMO meeting that will really matter
Richard Fulford-Smith banks fatter final pay packet as Affinity CEO as he turns sights to active investment Broker turned investor says he is still working with London shop he founded
Hyundai yard inked suezmax tanker newbuildings worth close to $174m Ship targeted by missile and 'severe' electronic interference in Red Sea
Houthis attack Israeli tanker Scarlet Ray Incident reported off Houthi-controlled port of Hodeidah in the early hours of Thursday
MSC adverts 'misleading' on clean LNG fuel claims, says UK watchdog Advertising Standards Authority investigated three promotional items at behest of Opportunity Green
Norway's NRP adds new tanker project with Eitzen and Zeaside to $500m portfolio Portfolio returns 0% in first half
Angelicoussis group clears out oldest VLCC as fleet renewal rolls on Giant Greek owner no longer has any tankers built before 2009 left in its fleet
Stena 'reluctant' to add pricey tanker charters as ro-ros boost profit Huge Swedish group operating with fewer product carriers this year
Broker Ifchor Galbraiths poaches Braemar's US-flag tanker team in Houston Four brokers moving across from London-listed operation
Last surviving MR tanker shipyard in EU wins order boost Santierul Naval Constanta will build at least two 40,000-dwt vessels, based on a new design by Germany's SDC
Petrobras supervisor dies after fall at Hanwha Ocean shipyard Operations to resume on Thursday afternoon after comprehensive safety training
Stena 'reluctant' to add pricy tanker charters as ro-ros boost profit Huge Swedish group operating with fewer product carriers this year
Greek tankers to be 'locked out' of Russian trade by price cap change, says Windward Greek-controlled ships lifted 30% of cargoes in July
Shipowner Hyundai Glovis teams up with trader on LNG bunkering New partners initially targeting car carriers calling at south-eastern ports
Wall Street would welcome Torm and Hafnia merger. Deal could forge $5bn company with a fleet of 300 tankers Fearnley Securities does not see big upside for shares from any potential combination
Shipowners dive in on LNG bunker vessels: Will the new entrants bank a return on their $85m plus investments? Celsius Tankers, Caravel Group, Evalend Shipping, Eastern Pacific and MSC are among those taking the plunge
Last surviving tanker shipyard in EU wins order boost Santierul Naval Constanta will build at least two 40,000-dwt vessels, based on a new design by Germany's SDC
Fred Olsen company gets $70m green bond away in hot Oslo market Shipowner Bonheur earmarks new cash for eco projects
Russia sends sanctioned tanker through Arctic to Brunei for first time Shadow fleet suezmax makes passage with uncertain ownership and insurance cover
'Long-term leaders': Jeppe Jensen explains 'speculative' LNG bunker vessel play with Caravel 'We decided to take a position in the market, and let's see where that takes us'
Hunter finance chief steps down after six years to 'pursue new ventures' Erik Brynildsrud will leave at latest in March
Malaysian offshore vessel operator's Japanese OSV contract terminated Nam Cheong is exploring alternatives for ship
Petrobras supervisor dies after fall at Hanwha Ocean shipyard Shipyard operations to resume on Thursday afternoon after comprehensive safety training
US threatens Netherlands with retaliatory tariffs if it supports IMO's net-zero drive Washington applies pressure ahead of next month's meeting on emissions framework
Malaysian offshore vessel operator's Japanese OSV contract terminated Nam Cheong's charter was to an offshore wind farm contractor in Japan
Petrobras' supervisor killed during FPSO load test at Hanwha Ocean yard Shipyard operations to resume on Thursday afternoon after comprehensive safety training
Hong Kong shipowner adds to substantial orderbook as it mounts major pivot to tankers Wonderful Perfection books more product carriers
Trump nominates pair for Federal Maritime Commission President Donald Trump has nominated two Floridians to fill the pair of vacancies on the Federal Maritime Commission, the U.S. regulator of ocean shipping.
Maersk Air Cargo expands freighter network to South America Maersk Air Cargo has introduced service to South America and hired two veteran airfreight executives to lead the business.
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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