VIDEO: IMO Secretary-General Dominguez sets his priorities for 2025 International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items on the IMO agenda for 2025. In a video message, Secretary-General Dominguez said: "We start 2025 focusing on three main topics,
Equinor secures $3 billion in project financing for Empire Wind 1 In a sign that lenders have not soured on U.S. offshore wind, Equinor reports that its Empire Wind 1 project has now secured a project financing package of over $3 billion. Financial
European Ports: Navigating Global Trade Tensions While Championing Sustainability As the global trade landscape shifts amid escalating trade tensions and economic uncertainties, European ports are at a pivotal juncture. Historically serving as vital links between sea and hinterland, these ports are evolving beyond their traditional roles. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The
CMA CGM applies PSS from Indian Sub, Middle East Gulf, Red Sea & Egypt to USEC and US Gulf CMA CGM, the French shipping carrier, has announced the implementation of a surcharge effective from 15 January 2025, and continuing until further notice. This surcharge will apply to all cargo units originating from the Indian Subcontinent, the Middle East Gulf, the Red Sea, and Egypt, with destinations on the US East Coast and the US Gulf. The surcharge rate is set at US$1,500 per unit. If you
CMA CGM announces PSS from Med to US East Coast and US Gulf Starting from 18 January 2025, and until further notice, CMA CGM will implement a Peak Season Surcharge (PSS). This will apply to cargo originating from Mediterranean ports, including those in France (Fos/Marseilles), Portugal, Italy, Spain (Algeciras, Valencia, Barcelona, Sagunto, Vigo), and Morocco, destined for the US East Coast, the US Gulf, and all inland destinations accessible via these po
Equinor secures $3bn in financing for US offshore wind project Norwegian energy giant Equinor has secured a $3bn financing package for its Empire Wind 1 project in the US. The company explained that the project was able to secure competitive terms due to strong interest from lenders. "The final group of lenders includes some of the most experienced lenders in the sector along with many ...
TotalEnergies, Vantage Drilling form drillship-owning entity Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship. The creation of the JV, named TEVA Ship Charter, aligns with the memorandum of understanding signed between the two companies in February 2024. Under the terms of the agreement, TotalEnergies paid $199m ...
Euroseas plans three-vessel Nasdaq spin-off Euroseas has announced plans to spin-off three of its older ships into a new company and list it on the...
Offshore converter platforms offer potential lifeline to struggling German shipyards, WFW Germany head argues Situation now parallels collapse of KG system
What to look out for in 2025 in decarbonisation Lloyd's List editor-in-chief and senior reporter talk you through what could be one of the most important years in shipping's...
Marine and energy, and war risk rates to ease further in 2025, Howden predicts Oversupply said to have prevailed at 1/1 renewals
Container rates off to fast start in 2025 A rebound of freight rates, which began in mid-December, looks set to continue into the first month of 2025, as...
HD Korea Shipbuilding aims for $18bn orders in 2025 with greener ships and US ties Company aims to continuously develop cutting-edge technologies which Chinese competitors cannot match, and to take the opportunity to leverage co-operation...
Leadership shake-up at CSSC Shipping as top executives exit Employment contract of general manager and chief executive Li Xi was not renewed, while company secretary Ding Weisong submitted his...
Suez diversions, lack of IMO agreement put 2030 emissions targets at risk The IMO tends to move at a glacial pace, but with 2030 emissions targets looming, it no longer has that luxury.
US policy uncertainty clouds MPV/HL outlook going into 2025 Outside investment for project carriers is scarce, primarily because future project cargo flows are so difficult to predict.
Drayage diversification emerging as shipper priority amid supply chain volatility Shippers must weigh the merits of a single-source relationship on drayage through key ports over splitting volume among regional and national carriers, or even brokers.
More ocean carriers unveil disruption surcharges linked to possible ILA strike The charges come as spot rates for ex-Asia cargo into the US have climbed sharply over the past month.
'Floating bomb' cargo reaches Africian port after months of controversy Cargo ship laden with ammonium nitrate fertiliser stirred safety and environmental concerns in the UK
Euroseas spins off vintage container ship trio into new Nasdaq-listed consolidator Greek owner Aristides Pittas sees 'considerable value' in trading 'older, well-maintained vessels'
Norden launches Greek expansion with new office in Athens Nordic shipping giant's Hellenic dependency will be headed by M/Maritime manager George Daskalakis
Global shipping fleet value hits $2trn with newbuilding spending at 17-year high Ships under construction and vessels on the water add up to record asset values, says Clarksons Research chief
'Record level of investment' in alternative fuel newbuilds as shipping emissions climb Half of newbuilding orders in 2024 contracted with alternative fuelling, Clarksons says
Diana to buy back one-tenth of its common stock after self-tender offer Semiramis Paliou-led company says it's in its 'best interest' to repurchase shares at the moment
Over 90 LNG newbuildings contracted in 2024 as QatarEnergy haul dominates Eleven LNG bunker vessels and 51 ships for QatarEnergy boost annual tally
Suez Canal trials new extension to boost handling capacity by eight vessels per day Actual operations of the new expansion will begin once navigation charts are issued
Diana to buy back a tenth of its common stock after self-tender offer Semiramis Paliou-led company says it's in its 'best interest' to repurchase shares at this moment
Chinese container stocks dip on manufacturing slowdown But Chinese tanker stocks have been lifted by the coat-tails of a strong energy market
Once mighty Greek ferry empire sees final ship auctioned off for scrap Agoudimos Line's Penelope A is being prepared for a final tow to Turkey for recycling
American Club files $3.4m claim against owners of grounded cargo ship Protection and indemnity insurer says the Nordea Star was unstable when it went to sea
Asia Pacific Shipping boosts fleet with 12 tanker newbuildings worth close to $880m Vietnamese shipping company is making a big push on the aframax crude and product tanker space
Chinese container stocks take a dip on manufacturing slowdown But Chinese tanker stocks have been lifted by the coattails of a strong energy market
Suez Canal trials new extension forecasted to boost handling capacity by eight vessels per day Actual operations of the new expansion will begin once navigation charts are issued
Lila Global recruits ClassNK's UK managing director as head of maritime strategy and innovation Class heavyweight tasked with driving transformative strategies and fostering innovation at Dubai-based shipowner
Crowley acquires Main Line, expands Pacific Northwest harbor services Crowley, a vessel operator and provider of tugboat logistics, announced it acquired Main Line, a provider of vessel assist services.
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