First AirWing equipped ship is headed for Canada Liverpool, U.K.-based GT Wings reports that the first of its AirWing wind-assisted propulsion systems (WAPS) has been installed aboard Carisbrooke Shipping's M/V Vectis Progress. The vessel has now departed from Hull, U.K.,
Trump to create new White House office of shipbuilding In his joint address to Congress last night, President Trump outlined his plans to revive U.S. shipbuilding, including through the creation of a White House office of shipbuilding. Here's what he said:
Marcura acquires Shipster to enhance AI-driven maritime automation Marcura, a global firm in digital maritime solutions, has acquired Shipster, a start-up specializing in AI-powered document intelligence. This acquisition reinforces Marcura's commitment to AI-driven automation, enabling it to scale in response to evolving customer needs and the increasing complexity of maritime workflows. Marcura has already integrated AI-powered automation across its solutions,
Canada's growth in crude tanker exports nears 60% "Year-to-date, Canadian crude tanker exports have reached 618,000m barrels per day (kbpd) up from 388 kbpd during the same period last year, an increase of 59%," stated Niels Rasmussen, Chief Shipping Analyst at BIMCO. When the Trans Mountain Pipeline extension opened on 1 May 2024, its capacity grew from 300 kbpd to 890 kbpd. Consequently, exports from Vancouver, Canada increased significantly s
CMA CGM's first dual-fuel methanol boxship makes maiden call at Singapore CMA CGM Iron, the French ocean carrier's first dual-fuel methanol vessel, made its maiden call today (5 March) at the Port of Singapore. Built in South Korea by Hyundai Samho Heavy Industries, CMA CGM Iron is the first of a series of 12 dual-fuel methanol vessels, each with a capacity of 13,000 TEUs. The sister ships, including CMA CGM Cobalt, Argon, Platinum, Mercury, Helium, Krypton, Thorium, O
CMA CGM introduces new service connecting Far East with South America East Coast CMA CGM announced the launch of its new SEAS 3 service (Asia to South America East Coast 3), designed to optimize shipments from the Far East to the East Coast of South America (ECSA). This service aligns with the evolving market dynamics in the region and reinforces the French carrier's ongoing commitment to delivering high-quality services while supporting the growth of your business. The SEAS
Port of Rotterdam extends Secure Chain network Port of Rotterdam announced that the Secure Chain has now been extended to include the Far East and Oceania. As a result, deepsea shipping lines and their agents will no longer issue PIN codes-prone to fraud risks-for containers arriving in Rotterdam from these regions. Instead, all intercontinental container cargo at the Dutch port will be processed exclusively through the Secure Chain, ensuring
Port of Southampton welcomes world's first ammonia-powered vessel The Port of Southampton is delighted to host the Fortescue Green Pioneer, the world's first dual-fuel ammonia-powered vessel on its inaugural UK visit. As a zero-carbon fuel, ammonia has the potential to transform the shipping industry by significantly reducing greenhouse gas emissions, marking a major step toward maritime decarbonization. Developed through a collaboration between Fortescue and k
ECSA unveils new brand and name European Community Shipowners' Associations (ECSA) has rebranded as European Shipowners to mark its 60th anniversary. The organisation, representing 22 national shipowners' associations across Europe, unveiled its new name (ECSA European Shipowners) alongside a modern logo and visual identity, reflecting its commitment to the evolving maritime industry. "While we have strengthened our influence i
CMB.TECH acquires Hemen stake in Golden Ocean CMB.TECH has entered into a share purchase agreement with Hemen Holding Limited for the acquisition of 81,363,730 shares in Golden Ocean Group Limited at a price of US$14.49 per share. The transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the United States, or any other jurisdiction, according to the statement. This acquisition is in line with CMB.TECH's s
MSC leads intra-Europe trade as ONE triples market share Ocean Network Express (ONE) has registered the strongest growth in the intra-Europe market over the past year, according to Alphaliner.
MSC-Blackrock agree US$22.8 billion deal for Hutchison Ports international operations MSC subsidiary Terminal Investment Limited (TiL) and global investment company Blackrock have agreed a US$22.8 billion agreement to acquire the international port and terminal operations of Hong Kong-listed CK Hutchison, the parent company of Hutchison Ports. In a deal that, when finalised, most likely next year, will see MSC vault to the top of the terminal operators list with a strong presence
Port Houston handles over 350,000 TEUs in January Port Houston started the year strong, handling 356,407 TEUs in January-a 7% increase from the same month last year. This marks the highest January volume on record for containerized cargo at the US port. "We are starting the year strong, reaching milestones with completion and acceptance by USACE of Segment 1B for Project 11 and operations records at our terminals," stated Charlie Jenkins, CEO of
Trump fires tariff war that can't be won Import duties are being used as ammunition in an economic war that many economists believe can only have losers and no winners. The chief instigator of this trade tussle believes that tariffs will return jobs to the US and balance its books
Earn $6,000 a day, Smart Cloud Mining will become the safest cloud mining site in 2025 In recent years, the cryptocurrency market has seen roller coaster-like price fluctuations, which have frightened countless investors. The price of Bitcoin was once expected to fall to $50,000, and the sharp decline of other highly-watched altcoins such as XRP and DOGE has put investors under tremendous wealth pressure. In such an unstable market environment, it is particularly important to find
Crew injured in unauthorised boarding of chemical tanker in Singapore Strait A seafarer has been reported injured in an anauthorised boarding incident of a chemical tanker in the Singapore Strait. The Maritime and Port Authority of Singapore (MPA) has been alerted to the unauthorised boarding of a Singapore-registered chemical tanker, BASSET. The boarding occurred at about 07:00 am (SGT) in the Singapore Strait, outside Singapore Territorial Waters. According to MPA's ann
GEODIS expands biofuel-powered truck fleet in UAE Global transport and logistics company GEODIS has introduced a new fleet of eleven Euro 4 and Euro 6 biofuel-powered trucks in the United Arab Emirates (UAE). This initiative highlights the company's ongoing commitment to reducing its carbon footprint while maintaining operational efficiency and delivering sustainable solutions to its customers. GEODIS has set ambitious sustainability goals, aimi
Cost-Effective Storage Solutions for Businesses Image Source In today's fast-paced business world, having the right storage solution is essential for keeping operations efficient and costs under control. Whether you're managing a small startup or a growing enterprise, finding affordable and flexible storage can make a big difference. In major business hubs like Houston, where industries such as construction, retail, and logistics thrive, deman
Andrew Craig-Bennett on globalisation The editor (whom God preserve!) is of the opinion that CK Hutchison's sale of their ports and terminals operation to a consortium of BlackRock and MSC marks the end of globalisation as an idea which rules our thinking on trade in general and trade by sea in particular, and that the tariffs just introduced by ...
Essberger firms up chemical tanker pair Germany's John T. Essberger has bolstered its chemical tanker orderbook with two optional newbuilds at Nantong Rainbow Offshore & Engineering Equipment in China. The deal takes the Hamburg-headquartered company's newbuilding programme at the yard to four firm 13,000 dwt 1A ice class units with options available for two more vessels. No price has been divulged ...
Marcura buys Shipster Maritime tech firm Marcura has acquired AI-driven document intelligence start-up Shipster. Shipster specialises in AI-driven document automation, particularly in extracting and structuring key data from shipping documents like statements of facts, letters of indemnity, bills of lading, and generating handover instructions. The acquisition is part of Marcura's broader strategy to develop and deplo
Kazakhstan Railways and PTC to build container terminal in Georgia Kazakhstan's main rail network operator Kazakhstan Railways (KTZ) signed a memorandum of understanding with transport and logistics services firm PTC Holding for the construction of a container terminal in Georgia. The two will look to build a multimodal container terminal in the city of Poti in Georgia with a capacity of over 80,000 teu per ...
Floatel sells accommodation vessel after nine-year lay-up After a nearly six-month search, Oslo-based offshore accommodation vessel specialist Floatel International has found a buyer for one of its vessels. The company signed an agreement in principle to sell its accommodation semisub Floatel Reliance for an undisclosed fee. The floatel will be sold for further use and the firm deal is expected to be ...
MISC orders ethane carrier brace in South Korea Malaysia's top shipping line, MISC, has booked a pair of very large ethane carrier (VLECs) newbuildings at HD Hyundai Heavy Industries in South Korea. The vessels, costing about $158.5m each, are scheduled for delivery by the end of 2028 into a long-term charter with Thailand's energy company PTT. The VLECs will be serving the shipping ...
Asyad Shipping raises $333m in Oman IPO Oman's Asyad Shipping, a subsidiary of state-controlled logistics giant Asyad Group, has raised $333m through an initial public offering on the Muscat Stock Exchange. The IPO involved more than 1bn shares, of which 75% were allocated to institutional investors. The anchor investors, Mars Development and Investment, an Omani state-owned entity, and Falcon Investments, a subsidiary ...
Shell picks TDI-Brooks for survey off Nigeria UK-based supermajor Shell has awarded a contract for a series of 2D ultra high-resolution seismic site surveys and pipeline route assessments off Nigeria to US-based offshore surveyor TDI-Brooks and local firm Compass Survey. The contract is for the acquisition of conventional geophysical data and high-resolution seismic imaging to assess potential hazards, ensure safe well site ...
Wan Hai seeks engine switch as LNG-fuelled orders dominate orderbook The resurgence in LNG dual-fuel ship orders over methanol has been a strong theme in newbuild contracting over the past year. In no sector has this been more prominent than in container shipping where methanol and LNG have swapped positions over the past 14 months. In the first two months of 2025, a total of ...
DEME wins work on two German offshore wind farms Belgium-based marine contractor and one of the largest dredging groups, DEME, has won a contract from Vattenfall for a cable protection system at the DanTysk and Sandbank wind farms off Germany. The tender for the project was opened last year by operator Vattenfall. The contract has a value of $3.85m. The DanTysk offshore wind farm ...
World's top charterers lined up to speak at Geneva Dry Designed to engage every rung of the dry bulk supply chain, the 2025 edition of Geneva Dry is delivering on its promise with some of the best known charterers from around the world due to take the stage as panellists when the world's premier commodities shipping conference reconvenes at the President Hotel Wilson on the ...
Shearwater pens worldwide survey deal with TotalEnergies Norwegian offshore seismic vessel player Shearwater Geoservices and French energy major TotalEnergies have signed a three-year firm capacity reservation agreement for worldwide marine seismic streamer acquisition services. The agreement guarantees a minimum of 18 vessel months of activity for Shearwater's seismic fleet. "This capacity agreement is the first of its kind with a major E&P ...
Trump creates shipbuilding office US president Donald Trump will create a shipbuilding office within the White House and offer a number of new tax incentives for the sector. The American president revealed the new shipbuilding plans in a 100-minute address to Congress last night in Washington DC. There is strong speculation in US media that in the coming days, ...
Britoil bags multi-year PSV deal Singapore-based OSV owner Britoil Offshore Services has scored a long-term charter for the platform support vessel BOS Prelude in the North Sea. The 2010-built unit acquired from Vroon in 2023 has been fixed to SeaRenergy for seven years. The contract includes three one-year options that could lead to a decade-long employment for the vessel. Britoil ...
Li Ka-shing steps back from ports, sells to MSC and BlackRock Li Ka-shing's CK Hutchison has reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports transaction that covers 43 ports comprising 199 berths in 23 countries. With the return of Donald Trump to the White House there had been ...
CMB.TECH buys out Fredriksen's stake in Golden Ocean CMB.TECH, the shipowning vehicle controlled by the Saverys family, has bought a 40.8% stake in Golden Ocean, one of Europe's largest dry bulk owners, from John Fredriksen's Hemen Holding for close to $1.2bn. CMB.TECH said there were no takeover plans yet, and that the acquisition is in line with the company's strategic objective of diversification, ...
Strengthening the fight against seafarer abandonment Helio Vicente, director of employment affair at the International Chamber of Shipping, has been appointed coordinator of a task force focusing on the database for seafarer abandonment. Here he shares ways to increase the visibility of this pressing issue. Seafarer abandonment is a growing concern that continues to undermine the rights and well-being of maritime ...
GSL seals $885m in added charter revenue as boxship demand holds firm Even older vessels are getting attractive rates and multi-year deals, says George Youroukos
CK Hutchison's blockbuster port sale - a triple win for MSC, CK and Trump Geopolitics is seen to have played a role in shaping the deal, with China-based buyers excluded, and Trump likely to...
Protectionism won't spell 'financial doom' for shipping, ING says Report comes as Trump unveils latest round of tariffs
Shipping 'ready to operate on ammonia' as far as safety is concerned There are no 'showstoppers' in terms of safety to ammonia's adoption, DNV's head of gas technology, piping and safety told...
Secondhand containerships remain in demand as numerous deals concluded Tonnage providers continue to benefit from strong charter markets, which are keeping vessel values relatively high
LR and Microsoft to use AI to speed up licensing for nuclear power Lloyd's Register has teamed up with Microsoft on a plan to use generative AI to help progress nuclear power for...
Is Trump's obsession with a US shipbuilding renaissance laudable, or a futile quest? On an international level, American merchant shipbuilding has been out of the picture since the 1980s, but president Trump has...
EU countries not using the tools available to fight pollution An EU Court of Auditors report shows the lacks implementation of EU rules on pollution by some member states and...
American Club unveils premium boost after renewal Net loss ratio at fixed premium facility looking 'relatively benign'
UK Club brings Athens director back to London Marine mutual expects expanded market share, but predicts underwriting deficit for seventh year in succession
Essberger boosts methanol dual-fuel newbuild orderbook at Chinese yard Declaration of options follows signing of newbuilding contract in September 2024 at Nantong Rainbow Offshore & Engineering
Technology for automation - the trade off that helped get US labour deal over the line 'We have a very clear pathway in the new agreement as marine terminal operators to use technology to deliver better...
Why Trump 2.0 tariffs could be worse for container lines than round one Some container line executives look back at the first Trump term - when tariffs were not a major negative for...
The Daily View: The uncertainty principle Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
CMB.Tech acquires John Fredriken's stake in Golden Ocean for $1.2bn John Fredriksen's Hemen Holdings has offloaded its 40.8% holding in bulker owner Golden Ocean to Alexander Saverys-led CMB.Tech for nearly...
Daily Briefing CK Hutchison agrees $22.8bn deal to sell off Hutchison Ports stake | If US taxes Chinese ships, liners could pull...
TPM25: US exporters starting to feel pinch of Trump trade war with China The head of the Agriculture Transportation Coalition told TPM25 that US exports of logs, fruits, nuts, soybeans and other agricultural products appear to be slowing due to China's tariff countermeasures.
CMA CGM, Maersk become latest to launch joint express Asia-ECSA service The new service that will start in April will enhance Vietnam's connectivity with Brazil, which is already Vietnam's largest trading partner in Latin America.
TPM25: Months of port congestion face carriers' Red Sea return: Rotterdam The bleak timeline from Europe's busiest port is based on the chaos that resulted when the Ever Given was freed after six days of blocking the Suez Canal in 2021.
TPM25: Lineage using big 2024 IPO to launch company's next moves The largest cold chain storage company in the world is looking to maintain momentum through targeted acquisitions and diverse portfolio development, its co-founder told TPM25.
TPM25: Container shipping still evolving as new challenges arise: Nixon ONE's chief executive took the opportunity of TPM's silver anniversary to look back at how the industry has changed for the better over the years and call out some of the existing hurdles.
TPM25: BNSF CEO says fighting cargo theft requires collective effort Kate Farmer told TPM25 that people would be "shocked" at how much money the oft-targeted railroad spends on combating the increasingly sophisticated methods of cargo theft.
More women wanted: These shipowners and managers are staying the course to bring diversity at sea Heads of OSG, Oldendorff, OSM Thome and Grieg Group have their say
'Not the John I know': Fund manager expresses disappointment with Fredriksen sale to CMB.Tech Investor says if offered the Saverys deal, he would have taken it
US seafarer diversity effort ends in deletions and dead links after Trump order Strategy to boost recruitment into maritime academies deleted from MARAD website
Violent solar storms threaten to bring shipping to a standstill Paper examines potential for satellite systems to be brought down by extreme space weather
Global Ship Lease locks in charters after sale and purchase of seven boxships Forward contract cover locked in for 89% of 2025 days and 66% of 2026 days
Lack of trust hinders uptake of cleantech, says DNV maritime boss Knut Orbeck-Nilssen Uncertainty over business case is a major show-stopper for technology uptake, data reveals
Saverys family paying a 'premium price' for Golden Ocean at a 'unique time of geopolitical uncertainty' Analysts and brokers assess the implications of CMB.Tech owners' swoop
Tariff-hit Canada records rocketing seaborne crude oil exports after pipeline comes on stream Most volumes still head to the US, but Canadian sellers are finding buyers in Asia
Women may have to renew old battles for equality, Wista leader warns New survey tries to assess why the increasing number of women in middle-ranking roles don't reach top levels in shipping
Wall Street's $6.7bn Chinese tanker fleet: New York-listed owners control huge stable of ships facing Trump fees Some have 30% or more and some have none, according to TradeWinds data
Greek shipowners warn Brussels over going solo in green drive Europe's new industrial policy heading in the right direction but maritime solutions must be global, says UGS
Morten Astrup's Storm bond fund buys Ocean Yield as 'market sentiment softened' Largest issuers in fund are SFL Corp and Golar LNG
Carbon reduction alliance Zemba issues second e-fuel focused tender Carriers invited to bid to ship 1.5m teu under low-carbon contract
H-Line Shipping puts second steam turbine LNG carrier up for sale Will company opt to recycle slightly younger vessel or hold out for a trading buy?
Asyad Shipping banks $333m IPO cash as it targets fleet expansion Oman owner pulls off over-subscribed float on Muscat Stock Exchange
Ireland green-lights FSRU-based LNG terminal as it beefs up energy security But planned unit intended as temporary facility in bridge to net-zero target
'Dry was never John's favourite': What has turned Fredriksen from buyer to seller? Shipping's arch-consolidator is said to have been considering a Golden Ocean disposal for some time, but CMB.Tech as a buyer has surprised the market
Danaos locks in forward charters for six post-panamax container ships Greek owner secures fixtures of larger vessels including newbuilds
Ireland greenlights FSRU-based LNG terminal as it beefs up energy security But planned unit intended as temporary facility in bridge to net zero target
American Club boosts premium income from 'virtually unchanged' renewal tonnage Smallest member of 12-strong International Group says it is in a solid position at start of new policy year
Dubai ship services platform snaps up UK start-up as it ramps up AI offering Marcura makes second acquisition in a week
Women in Green Shipping network hits London with biggest meeting to date WiGS extending its reach as MOL plays host
US reinstates terror designation on Houthis over ship attacks Trump administration offers reward for help in tackling Houthi finance networks
'End of an era': What next for Golden Ocean after Saverys takes control from Fredriksen? Acquisition provides comfort in current asset values and NAV, Fearnley says
BW Group snaps up $10m of Hafnia shares after big market sell-off Controlling shareholder makes move after 14% plunge in tanker owner's stock
Nigeria LNG makes early days enquiries on newbuilding berth space Formal tender process expected later this year
Trump launches White House office to revive America's shipbuilding industry US wants to build both military and commercial vessels
EU needs help to police shadow tanker fleet shipping Putin's oil, official says Kristian Sniter explains that coordinated global action needed to police elderly tankers shipping Russian crude
Stolt-Nielsen launches offer for remaining Avenir LNG shares after buying out partners Compulsory bid for stock expected to be completed next month
Adnoc and OMV forge $60bn powerhouse with merger of chemicals businesses and takeover of Canadian producer Shipowners will now be dealing with a bigger single polyolefins and ethylene charterer
Norwegian shipowners and government sign declaration for gender equality Organization will continue to lead the way, president Harald Fotland says
MOL grows cruise business with purchase of Seabourn vessel Japanese company has acquired second luxury cruise ship from Carnival Corp subsidiary
London tribunal dismisses $832m in newbuilding claims against Yangzijiang Shipbuilding The Chinese shipyard may have to refund $3.32m in deposits to claimants
Trump launches White House office to revive America's shipbuilding industry US wants to build both military and commercial vessels
Lloyd's Register to use AI to speed up nuclear regulation development Class society teams up with Microsoft to trawl through complex regulatory landscape
Retailers see both danger and potential in Trump's tariffs Many major retailers are sounding the alarm about the potential impact of tariffs on their businesses and consumers, but some hope for benefits from the trade disruption.
Trump says US plans tax breaks, investment in shipbuilding President Donald Trump told Congress that the United States plans a range of incentives to revitalize domestic military and commercial shipbuilding.
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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