VIDEO: New Ulstein SX250 is an offshore wind cost cutter Offshore wind farms are currently serviced using crew transfer vessels (CTVs) or helicopters for day operations, and service operation vessels (SOVs) for extended periods. Aiming to reduce costs, Ulstein has developed the
Jones Act and Fagan firing in the spotlight at maritime infrastructure hearing The House Coast Guard and Maritime Infrastructure Subcommittee held its first hearing under the chairmanship of Subcommittee Chairman Mike Ezell (R.-Miss) on Feb. 5. Entitled "America Builds: Maritime Infrastructure," the hearing covered
Red Sea woes help Maersk achieve third-best financial year Red Sea woes have had the effect of blotting up container capacity and one of the largest containership operators of all, A.P. Moller - Maersk, reports strong financial results for 2024 with
Global bunker indices show moderate decline During the sixth week of the year, Marine Bunker Exchange (MABUX) indices experienced a moderate decline. The 380 HSFO index dropped by US$4.26 to US$529.35/MT, the VLSFO index fell by US$2.79 to US$619.14/MT, edging closer to the US$600 threshold, while the MGO index declined by US$3.81 to US$783.26/MT. "At the time of writing, the moderate decline in indices in the global bunker market continue
Yokohama Port to trial advanced CONPAS system The Port of Yokohama is set to trial a new feature of the Container Fast Pass (CONPAS) system from 17-21 February 2025, at its Minami Honmoku Pier. This new function is aimed at improving container transport efficiency by enabling advanced checks of incoming containers' information. The feature links CyberPort (a trade platform) with CONPAS and terminal operating systems (TOSs) to compare electro
We Asked AI: Container Ships Navigating Icy Waters The sight of massive container ships cutting through frozen seas is both awe-inspiring and a testament to human resilience in global trade. The following gallery showcases a stunning collection of AI-generated images depicting these giants of maritime commerce navigating icy waters. From towering ice formations to vast, frozen expanses stretching to the horizon, these visuals capture the harsh ye
LR joins LOWNOISER to combat underwater noise Lloyd's Register (LR) has become a partner in the LOWNOISER project, an initiative aimed at addressing the issue of underwater noise pollution caused by maritime traffic. The European Union (EU) is funding the project with US$6.5 million, bringing together 15 partners to create innovative noise reduction technologies, set regulatory standards, and improve industry practices to protect marine envi
Intra-UK rail freight service launches operations A new intra-UK rail freight link operating between Teesport and Manchester's Trafford Park has completed its inaugural service. This service could eliminate up to 40 heavy vehicle movements from the congested Trans Pennine road network for each one-way trip, aiming to help businesses in both the North East and North West reduce carbon emissions and avoid delays. Running five days a week as part o
Recent Iranian military moves could reactivate Houthis? The Houthis in Yemen have temporarily ceased their actions against commercial shipping, with no incidents recorded in 2025 so far. The pause in hostilities aligns with progress toward peace between Israel and Hamas. However, tensions remain high, and only a few shipping lines have resumed using the Suez Canal route connecting Asia and Europe.
Transits through Panama Canal down 10%: BIMCO In this week's "Shipping Number of the Week" from BIMCO, Shipping Analysis Manager, Filipe Gouveia, examines Panama Canal transits which have declined in recent months despite the fact that transit restrictions have been lifted. "Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there we
CMA CGM purchases new second-hand boxships French shipping company CMA CGM was particularly active in sales and purchases in late January, buying four 1,900 TEU ice-class ships from Belgian owner Delphis, and a 2015-built sub-Panamax boxship from Greek owner Cape Shipping. According to Alphaliner, the Delphis ships are the Delphis Bothnia, Delphis Finland, Delphis Gdansk and Delphis Riga. The sales prices were not disclosed, but according
Klaipeda Port kicks off infrastructure development for offshore wind energy The Klaipeda Port Authority has commenced the construction of infrastructure to support offshore wind energy projects, signing a contract for the building of quays on the Smelte peninsula. This development will facilitate the smooth assembly, handling, and transportation of wind turbines. "The signing of the quays reconstruction contract signals the readiness of Klaipeda Port to take an active pa
ASEAN nations at the forefront of shaping global shipping landscape The emerging economies of Southeast Asia-Vietnam, Philippines, Indonesia, Thailand, Malaysia, and Cambodia-are poised to capitalize on the evolving dynamics of global maritime trade.
Maersk bolsters global connectivity expanding its deal with Inmarsat Maersk and Inmarsat Maritime have signed an agreement to upgrade Inmarsat satellite communications services across the Danish ocean carrier's global fleet of approximately 340 container vessels. The agreement will see bandwidth enhancements rolled out across Maersk's entire fleet of owned container ships between 2025 and 2026. These upgrades are part of Maersk's strategic roadmap to facilitate un
StormGeo boosts G2 Ocean's fleet with voyage optimization solution StormGeo, a weather intelligence and voyage optimization solution provider, has expanded its partnership with Norway-based G2 Ocean, as its voyage optimization solution will be deployed across the company's fleet of 120 vessels. G2 Ocean has selected StormGeo's Voyage Optimization solution, which empowers both shoreside and onboard teams to plan and execute optimized, safe voyages. By integrating
Ship It Zero applauds IKEA's green shipping commitment Pacific Environment's Ship It Zero coalition applauds IKEA for its continued commitment to maritime shipping decarbonization, as highlighted in the company's FY24 Climate and Sustainability reports released this week. As a leader in green shipping, Pacific Environment urges IKEA to encourage other retailers to transition to zero-emission vessels and adopt truly sustainable fuels. The following re
Maersk delivers third-strongest financial performance in its history A.P. Moller-Maersk delivered strong financial results in 2024, achieving growth across all segments and significantly improving profitability. The company's earnings before interest and taxes (EBIT) surged by 65% to US$6.5 billion, driven by higher container demand, elevated freight rates in the ocean sector, top-line and volume growth in the terminals segment, and solid performance in most logis
Hapag-Lloyd applies new rates from North Europe to America German ocean carrier Hapag-Lloyd has announced a new Peak Season Surcharge (PSS) from North Europe to the United States, Canada and Mexico. The new surcharge will be effective from 2 March and will be valid until further notice. The PSS will apply to dry and reefer boxes, as well as high cube and special containers. Hapag-Lloyd said the PSS will be US$600 per TEU and US$800 per FEU. If you liked
US tariff wars are "all about China" Donald Trump's instigation of a second trade war with America's key trading partners is all about stopping China,
CMA CGM and AD Ports establish Congo terminal venture French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned by the Abu Dhabi-based ports and logistics giant, which ...
Olympic contracts offshore newbuild brace at China Merchants shipyard Norway's Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of 2027 for operations in both renewable energy and oil ...
Helix secures Hornsea 3 contract Helix Energy's marine contracting business unit, Helix Robotics Solutions has been hired by Seaway7 the renewables unit of Oslo-listed Subsea7 for the burial of inter-array cables at Ørsted's Hornsea 3 offshore wind farm in the UK. The project scope, which will be managed from Helix's offices in Aberdeen, includes the burial of all 192 inter-array ...
Fugro buys German satellite earth observation firm Dutch surveyor Fugro has acquired German firm EOMAP, a company which uses satellite earth observation for mapping and monitoring marine and freshwater environments. EOMAP has been pioneering this technology since 2006. The company has recorded a revenue of around €5m ($5.2m) for 2024. According to Fugro, the market for earth observation solutions is growing due ...
New LPG export terminal teed up in Texas Midstream players ONEOK and MPLX will build a new 400,000 barrel per day liquefied petroleum gas (LPG) export terminal in Texas City, on the Gulf Coast which will also feature a pipeline connecting to ONEOK's storage facility in Mont Belvieu, Texas. The $1.4bn export terminal will be known as Texas City Logistics and ONEOK and ...
Denmark takes next step in shadow fleet crackdown Denmark has taken its next step in cracking down on Russian-linked shadow tankers passing through its waters The Danish Maritime Authority will carry out port state controls on tankers it deems high risk who anchor off Skagen in the far north of the country, a popular anchorage. Ships found with safety defects or not having ...
Fredriksen's SFL wins $48m in Seadrill rig dispute case John Fredriksen's SFL Corporation won a legal challenge against offshore driller Seadrill over rig redelivery in 2022. In March 2023, SFL filed a case in the Oslo District Court in Norway, claiming Seadrill had not redelivered the bareboat-chartered semisubmersible Hercules in the condition required under our contract. SFL sought damages of about NOK300m ($28m at the time). ...
Noble semisub wins $70m deal from Shell Offshore drilling giant Noble Corporation has won a new contract for one of its semisubmersible rigs in the Americas. Energy giant Shell awarded a contract to the 2009-built Noble Developer semisub. The deal is for a fixed duration of 180 days and is expected to commence in the third quarter of 2026. According to the ...
Russia's Panda Express Line expands paw print to South China Russian liner Panda Express Line is expanding its scope of services to cover South China. According to Alphaliner, the Panda Express Line-3 will deploy two sub-2,000 teu ships to connect Vladivostok with the southern Chinese ports of Nansha, Shenzhen, and Xiamen. Panda Express Line kicked off operations in late 2022, one of a host of ...
Shanghai handles more than 5m teu in just one month Evidence of just how busy China has been pumping products to consumers ahead of Donald Trump's tariffs comes from Shanghai, the world's busiest container port, with news the financial metropolis handled more than 5m teu in January, a record amount that puts it on track for another landmark year. Putting the monthly record in perspective, ...
Houthis seen by Maersk as the dividing line between profit and loss this year Last year has proven to be the third most profitable year in the history of container shipping, and likewise it proved to be the third best year in the 121-year history of Denmark's largest shipping concern, Maersk. Top management in Copenhagen today laid out how the Houthis from Yemen could dictate the line between black ...
Baltic Exchange enters the chemical tanker market The Baltic Exchange has launched a new series of chemical and agricultural oil assessments. The Baltic Chemical and Agricultural Oil Assessments (BCAA) will
VLCC sanctions upside has begun but is 'just in the early innings' If the Trump administration wants to sanction more VLCCs, there are plenty of targets to choose from. According to DHT...
Ofac sanctions tankers over Iran trades US Treasury announced sanctions on two tankers and their owners and managers, alleging they shipped oil worth hundreds of millions...
Capital Clean Energy Carriers posts increased earnings as reboot gathers pace Greece-based CCEC has six further LNG carriers on order, representing one-third of the current newbuildings as yet uncommitted to long-term...
Top EU official outlines green shipping priorities post-MEPC Fotini Ioannidou, the European Commission's director of waterborne transport, said the regulator will review its existing rules while making them...
Shipowners face unlimited liability for alternative fuel spills, lawyers warn Current array of conventions expressly designed for hydrocarbon bunkers
Panamax sector shows signs of recovery Increased activity after the Chinese Lunar New Year has been welcomed in the panamax sector, while the presence of big...
Maersk chief doubles down on integrator strategy Vincent Clerc reaffirms the company's integrated logistics blueprint, noting how developing end-to-end capabilities is more critical now than when the...
Norden takes long-term view as it navigates market's downturn and profit slump By combining its shipowning asset division with its asset-light chartering business, Norden chief executive Jan Rindbo says the company can...
'No pressure' on boxship rates so far, says Costamare Dry bulk operating subsidiary expected to take 'balanced' approach to positions going forward
Denmark steps up pressure on dark fleet tankers The Baltic country will begin carrying out port state control inspections of vessels that anchor within its waters off Skagen
NYK builds on bulker and container business momentum to triple third-quarter profits The positive results were mainly driven by NYK's gains from the liner business and the capesize segment of its dry...
Vehicle carrier sector on road to normalisation following four-year bull run Strong investment in alternative-fuel vehicle carrier newbuildings since 2022 will see a record number of new ships delivered in 2025...
Panama Canal denies special treatment of US Government vessels The canal authority refuted claims by the US State Department that it would not longer charge US Government vessels to...
Samsung Heavy more than doubles operating profit to $347m SHI, along with other domestic players, is expected to benefit from Donald Trump's second term, but will be the only...
Trump threats put Hutchison's Panama ports business at risk The port business of conglomerate CK Hutchison is caught in the crossfire as Chinese influence over the Panama Canal is...
The Daily View: Dark fleet pressure Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Maersk posts third-most profitable year on record Danish giant saw profits rebound strongly in 2024, but fortunes for the coming year hinge on Red Sea reopening
Daily Briefing US reimposes 'maximum pressure' sanctions on Iran | What a second round of 'maximum pressure' Iran sanctions means for shipping...
Delaware port still backing Edgemoor plans even after lawsuit cancels permit The proposed Edgemoor container terminal was slated for groundbreaking in January, but the project timeline is now uncertain after a federal judge ruled its permit was unlawful in a case brought by the nearby Port of Philadelphia.
MPVs turn to unconventional propulsion to beat European fuel regulations Investment in wind power and air lubrication give multipurpose vessel operators an extra shot at compliance with the FuelEU emissions rules.
Maersk's profitability in 2025 hinges on return to Red Sea: Clerc The third-most profitable year in the carrier's history could be followed by a breakeven result if voyages through the Red Sea resume before the end of the year, the CEO told analysts Thursday.
Opportunistic Brazilian exporters move product to US amid spot rate retreat Forwarders say shippers are booking space to the US for low-value commodities like plywood, tile and paper, which prior to the rate drop had been limited to less-expensive routes.
Bangladesh shippers find no place in Gemini's integrated shuttle plan Sources at Maersk and Hapag-Lloyd in India have confirmed that feeder services for the Bangladesh trade have not been included in the new network structure.
Capital Clean Energy reports surging profits and looks to Trump-driven LNG boost Chief executive highlights potential for scrapping and pro-LNG policies in Washington
VLCC market has gone from 'full' to 'overflowing', DHT head says as rates double Svein Moxnes Harfjeld has a hard time picking just one factor as market firms further
Shipping stalwart at 70: How Morten Arntzen earned his tanker stripes This week's Streetwise reflects on the 45-year career of a shipping fixture
DHT mulling fleet moves as VLCC time charter market heats up New York-listed owner getting plenty of interest for under-construction quartet while pondering older ships
Andreas Martinos-backed Minerva tempts Winning back into newcastlemax S&P market Major Singapore owner makes its first acquisition on secondhand market in several months
New AI platform seeks to track rogue cable-cutting ships and prevent sabotage Intelligence company using AI to alert stakeholders to potential problems with infrastructure
Norden executive bonuses take a big hit as some staff get nothing at all Staff remuneration is tied to performance, but 2024 was a disappointing year for Norden's asset-light business
Norden CEO and CFO bonuses take a big hit as some staff get nothing at all Staff remuneration is tied to performance, but 2024 was a disappointing year for Norden's asset-light business
Hapag-Lloyd turns to Hanwha Ocean for next batch of container ship newbuildings Liner company homes in on 2027-delivery positions but will it hang onto Chinese optional slots?
Greek owner Marios Gialozoglou more than doubles money on rare older eco tanker Ship said to have commanded a premium in the slow S&P market due to fuel-efficient engine
Transpetro bumps up suezmax shuttle tanker newbuildings to nine vessels worth over $1.3bn New DP2 specialised vessels set to work for parent Petrobras
Pankaj Khanna's Heidmar faces key vote to seal reverse Nasdaq listing Tanker and bulker manager hoping to close merger with MGO Global at special shareholders meeting
Crude tankers set to switch from Russia as more Kazakh oil flows through Turkey Kashagan barrels move through Baku-Tbilisi-Ceyhan (BTC) pipeline for first time
Stig Remoy's Olympic expands fleet with order for eco construction vessels in China Norwegian owner says new ships will be most energy-efficient in their sector
EuroDry confirms scrap sale of panamax bulker ahead of 'costly' survey Greek owner says its oldest such ship has fetched $5m
George Economou extends Performance Shipping takeover offer as momentum slows Greek tycoon stretches deadline to 31 July but no one is selling
Maersk shares surge after 'strong' fourth quarter and 'confident 2025 guidance' A $2.4bn dividend and $2bn share buyback have also caught the eye of investors
Norden profit hit by four successive quarterly losses from 'asset-light' business Still no profit for the asset-light Freight Services & Trading division in the final quarter of 2024
More than 150 VLCCs could be needed to meet sanctions and demand growth, says Hunter Norwegian charterer examines the factors making ship supply look 'increasingly tight'
Hengli Heavy Industries shipowner tour of the 'big cheeses' ignites VLCC order talk Shipyard group owner's son rumoured to have called in on John Fredriksen
Herbjorn Hansson signals big fleet-renewal drive for Nordic American Tankers US-listed owner's CEO says it is working with Beal Bank and Ocean Yield on deals for up to six suezmaxes
Red Sea return could wipe out massive profits after strong 2024, Maersk warns Danish carrier says it might only break even, assuming vessels head back to Red Sea by middle of this year
Houthis pull plug on Red Sea security webinar as Middle East ceasefire holds Delayed event is indefinitely postponed as shipowners mull return to the Red Sea
Shipping bond returns beat Oslo Stock Exchange after high-yield market comeback Outstanding volume in shipping sector is NOK 41bn
NYK lifts net profit forecast for 2024 to nearly $3bn on healthy container demand Strong cargo movements and the Red Sea crisis effect on supply-demand conditions supported container earnings
Norway's ECOnnect Energy beefs up board with big names as it scales up Kristin Holth weighs in with experience from finance and energy sectors
Al Seer Marine reveals long-term charters for product tanker newbuildings Company attributes rise in revenues o the arrival of new ships
Wison New Energies breaks ground on upcoming Qidong yard as it targets FLNG projects Operations due to start at facility this year
One of world's oldest product tankers heads for the scrapyard Sales leave oil trader-linked shipowner with one product tanker
Sun Country expects to double cargo revenue with Amazon fleet additions Sun Country Airlines expects robust growth in cargo revenue as it begins to receive eight more 737 freighter aircraft for its Amazon flying business.
Tariffs could push trans-Pacific container rates to 2024 highs: Freightos Trans-Pacific container rates will likely remain elevated as importers look to avoid more U.S. import tariffs.
Maersk says Red Sea key to profit in 2025 Maersk, the world's second-largest container line, reported solid gains in 2024 in its ocean, logistics and terminals businesses.
Weekly US rail traffic back ahead of 2024 levels US weekly rail traffic rebounds after a slight downturn.
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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