Austal USA and Master Boat partner up Two Alabama-based shipbuilders, Austal USA and Master Boat Builders Inc. have entered into a memorandum of understanding establishing a strategic outsourcing partnership designed to expand U.S. shipbuilding capacity by increasing the ability
Steel cut for Yara Eyde - world's first ammonia-powered containership Yara Clean Ammonia, the world's largest shipper and trader of ammonia, today celebrated the steel cutting ceremony for Yara Eyde, the world's first renewable ammonia-powered containership. This milestone marks the official start
LR launches risk-based fire safety notation for container ships Lloyd's Register (LR) has launched a new risk-based notation, Fire (C, Risk) , to improve fire safety on container ships. The notation helps designers, shipyards, owners, and operators plan next-generation vessels or update existing fleets. Fire (C, Risk) comes with guidance to help shipowners and operators choose effective, best-practice fire mitigation measures. Each solution is tailored to a v
How PSA vows to control of the Indian Ocean shipping corridor Singapore's port giant positions itself to dominate the critical Malacca Strait-India trade route as geopolitical tensions reshape global shipping
SC Ports opens Cosgrove Avenue extension South Carolina Ports has opened the new Cosgrove Avenue extension and pedestrian bridge in North Charleston. The project, part of the Navy Base Intermodal Facility (NBIF), lifts Cosgrove Avenue over the rail yard, allowing trains to move freely while keeping traffic and pedestrians safe. SC Ports President and CEO Phil Padgett said the facility will move cargo more efficiently from the Port of Ch
PortSide Stories: Auckland Where the Ocean Meets the Volcanoes and the Wind Fills the Sails Welcome to Auckland, the "City of Sails." Here, yachts sparkle on the water, volcanoes rise from the land, and islands call from the horizon. This port is more than a stop. It's a living blend of adventure, culture, and style. Taste the Pacific, One Bite at a Time Food here is bold and fresh. Start with a hangi , a Maori feast wher
PSA Italy expands Stuttgart Express rail service PSA Italy has expanded its Stuttgart Express rail service, strengthening the link between the PSA Genova Pra' deepsea terminal and Kornwestheim in southern Germany. Launched in May 2023, the service now increases its frequency from two to three trips per week. With a transit time of less than 48 hours, the Stuttgart Express offers shippers a fast and reliable alternative to road transport. Trains
Shipnext joins BIMCO Technology Partnership Shipnext has joined BIMCO's new Technology Partnership Programme. The company can now also offer BIMCO charter parties through a new licensing agreement. The move will enhance digital capabilities for Shipnext users and expand BIMCO's SmartCon solution in the shipping industry. BIMCO, the world's largest international shipping association, launched the programme to promote digitalisation in marit
Icelandair Cargo expands into Turkey Icelandair Cargo has announced its entry into the Turkish market through a strategic partnership with Globe Air Cargo Turkiye, a subsidiary of ECS Group. The alliance combines Globe Air Cargo Turkiye's strong local expertise with ECS Group's global network and digital capabilities, opening new opportunities for Turkish exporters and importers. Beginning September 5, 2025, Icelandair will operate
Jinhui continues supramax selloff Oslo-listed Jinhui Shipping and Transportation has struck a deal to sell the 2008-built supramax bulker Jin Rong for $11.93m, continuing its clear-out of older tonnage. The 58,700 dwt vessel, built at Tsuneishi Cebu in the Philippines, is heading to Hong Kong-registered Liuliu Shun Shipping. The sale is slated to close by mid-October, leaving Jinhui with ...
OVP Shipping pens debut boxship order Hong Kong-registered OVP Shipping has signed up for four 4,350 teu containerships at Taizhou Jianxing Heavy Industry as it looks to boost capacity on key Belt and Road trade lanes. The company's debut order, with an undisclosed value, will see the first ship deliver in the second quarter of 2027. The remaining three units are ...
US visa crackdown creates turmoil for shipmanagers Shipmanagers are warning of mounting operational chaos as fresh US visa restrictions begin to bite, Splash has learned. Multiple sources at leading shipmanagement companies confirm growing problems with obtaining valid US visas for crewmembers. The issues stem from a raft of executive orders signed by the current US president, which have shifted the long-established practice ...
Austrian oil company to slash 2,000 jobs worldwide Austrian oil and gas player OMV is planning to cut around 2,000 worldwide staff, local media reported. OMV is looking to cut 2,000 of its 23,000 worldwide staff, with OMV Petrom, the company's Romanian subsidiary, taking the hardest hit. Cuts are also planned at its refinery in southern Germany and Slovakia. In Austria, around 400 ...
Ernst Russ and Eimskip team up for boxship newbuilds in China German shipowner Ernst Russ has joined forces with Icelandic carrier Eimskip to add new tonnage to their joint venture ElbFeeder. The joint venture, majority owned by Frankfurt-listed Ernst Russ, has contracted China Merchants Jin Ling Shipyard (Nanjing) for two 2,280 teu containerships, with options for two more. Deliveries are scheduled for the second half of ...
EU grants $755m for Bornholm offshore energy hub The European Commission has provided a grant of €645m ($755.1m) for the Bornholm renewable energy cluster in the Baltic Sea. The hybrid offshore project, led by Denmark's Energinet and Germany's 50Hertz, will link a 3GW offshore wind farm in the Baltic Sea to both the Danish and German power grids, providing up to 2GW of ...
Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is a first step to a takeover ...
Ørsted sues US over offshore wind project stop-work order Danish company Ørsted and its joint venture partner Skyborn Renewables have filed a lawsuit in the DC District Court to reverse a stop-work order for the Revolution Wind project. The project was 80% complete when the stop-work order was issued. Rhode Island and Connecticut, the two states that were supposed to benefit from the project, ...
PSA Mumbai poised to become India's largest container terminal The prime ministers of India and Singapore gave speeches yesterday ahead of the inauguration of what will become India's largest container terminal. With the inauguration of its phase two expansion, PSA Mumbai is poised to become India's largest container terminal, doubling its annual handling capacity to 4.8m teu. Designed to accommodate multiple mega container vessels ...
POSCO circles HMM as speculation mounts on state-backed exit Speculation is mounting in Seoul that steel giant POSCO could emerge as the frontrunner to acquire a controlling stake in liner major HMM. Local media report that advisors from Samil PwC and Boston Consulting Group are understood to be working with POSCO on feasibility studies for a deal that could be worth in the region ...
Procurement leaders in shipping form global council The Global Maritime Procurement Council (GMPC) has been formed as an independent group that will see procurement heads of departments from shipping and shipmanagement companies collaborate on a range of new initiatives. The initial membership council is comprised of of 10 global shipowners and managers that includes BW LPG, d'Amico Shipping, Fleet Management, Scorpio Ship ...
LNG shipping's historic slump drags on, with no end in sight This was widely expected to be a miserable year for LNG shipping. That prediction has come to pass. Rates are...
Risk appetites are relative in shipping. Due diligence should not be An inclination to skirt rules in shipping is partly a question of regulatory consistency but also down to dramatically diverging...
South Korea calls for periodic reviews of IMO carbon price South Korea has argued the IMO should bake in periodic reviews of the IMO's new two-tier carbon prices, and let...
Liner stocks are following spot rate trends - except for Maersk Recent spot rate trends have been mixed, with European weakness offsetting a bounce in US lanes. Liner stock performance has...
Do the UN snapback sanctions on Iran even matter? In less than 30 days, UN sanctions in place before the Joint Comprehensive Plan of Action agreed in 2015 will...
Advanced spoofing hides Russian oil transfers in Gulf of Oman Manipulation of AIS data is evolving, further complicating efforts to track sanctions-skirting tankers
Upstart Chinese carrier orders up to eight boxships amid Red Sea windfall A young Chinese carrier enriched by Red Sea trades has placed its first newbuilding orders as it pivots into shipowning
Romania's Histria Shipmanagement confirms order for MR newbuilds Firm contract ensures newbuilding construction at formerly state-owned Black Sea shipbuilding and shiprepair yard until 2028
Wah Kwong launches joint venture to electrify Asian ports The partnership aims to create Asia's first clean-charging corridor for ships using low-emission electricity
Trump administration submits nominations to fill FMC vacancies New FMC commissioner nominees include Florida's first female secretary of commerce and her former general counsel
Portuguese navy boards Greek boxship Liberia-flagged Odysseus was boarded by members of the maritime police and navy off the Algarve
Supramax and ultramax bulkers dominating dry cargo sale-and-purchase activity Bulk carrier values have been relatively stable since the beginning of the year, while the number of sales transactions has...
The Daily View: Transferable votes
PSA's $1.3bn Mumbai terminal expansion bolsters India's trade ambitions despite tariff risks The port is being constructed in a partnership between PSA International and Jawaharlal Nehru Port Authority
Daily Briefing Shadow fleet playing growing role in Houthi oil trade | Bab el Mandeb transits hit highest level since Red Sea...
Premier Alliance service halt latest sign of trans-Pacific demand downturn The suspension of the Pacific South 5 service comes as container lines are announcing more blanked sailings from Asia to the US as they attempt to boost spot rates ahead of China's Golden Week.
Startups land collective $129 million in latest AI push into logistics Augment and Happy Robot are the most recent examples of investors betting that artificial intelligence agents will transform the operations of logistics providers.
Disruptive force of AI will help usher in new era of container shipping Artificial intelligence will accelerate the new reality that ocean carriers make no secret of the fact they are profit-making entities, writes Peter Tirschwell.
US steps up attempts to derail IMO's 'net-zero' ambitions Consequences for nations supporting the emissions-cutting measures were spelled out by the US State Department this week, which threatened to impose tariffs, port duties and even visa refusals.
India-Europe liners lower rates as capacity normalizes amid little peak demand signs New data obtained by the Journal of Commerce from local freight forwarders indicates a downward shift of between $400 to $600 per standard dry container in FAK rate levels over the last two weeks.
Geden liquidator mulls appeal after Advantage Tankers wins court order blocking US bankruptcy Vafias-linked shipowner Eclipse Liquidity has continued to pursue Geden debts after a decade
Tahir Lakhani and Yieldstreet strike deal to end bitter fight over ship demolition fund Investors left with 'de minimis' recovery in settlement that Lakhani describes as amicable
Stena Bulk chief talks Swedish and US shipping as the company makes inroads in both flags Swedish owner hopes for more ships in domestic flag, but happy with US exposure
Wavelength podcast: Is a Hafnia-Torm mega merger on the cards? plus, Stena Bulk and the Swedish flag, and the woman chasing sanctioned oil
Venezuela tanker exports at 10-month high after US restores Chevron licence More compliant business reported for ships chartered by oil major
'Sold out' sign hoisted for FSRUs as sector steams towards its milestone birthday Specialist regas fleet poised for growth to nearly 100 units by 2040
'Unusual movements': Vietnamese tanker brings Sudanese oil to India after tariff shock Broker Sentosa also identifies ships carrying crude from Mediterranean
Wah Kwong forms new company to pioneer vessel shore-power networks in Asia Hong Kong shipowner teams with NatPower Marine to drive low-emission shipping
New Lloyd's CEO delays tech system orchestrated by his predecessor with promise of hefty cost savings Patrick Tiernan says cloud-based revolution will not be in place before 2028
Exmar hunts down fresh FLNG and FSRU business as it prepares for pioneering newbuilding delivery 'Flagship' ammonia dual-fuel newbuildings on target for first-quarter 2026 handover
Greek shipowner Naftomar doubles its product tanker fleet after confirming swoop for BP Shipping sextet Fledgling tanker player has invested about $400m to accumulate 13 vessels
Idan Ofer heads an all-star cast of investors buying into Uri Ben Dor's shipping AI firm Big names take part in funding round for Singapore safety tech operation
Greek owner Evalend Shipping tied to double tanker order at Hyundai yard Company is said to have six newbuildings on order
Special forces storm Greek ship in drug trafficking-linked drama Military scrambles to tackle the incident on Cosmoship vessel
Cleaves shipping fund 'takes risk off table' ahead of short-term headwinds Norwegian investor cautious on 'overbought' LPG sector, as well as car carriers
Engine-wrecking refinery additive plagues global marine bunker supplies VPS reports cat-fine levels nearly three times approved concentrations in some ports
VLCC spot rates running hot on 'extremely tight' tonnage list, brokers say Only 10 big tankers are available for prompt loadings, with more cargoes coming
Tanker broker Tim Ogden rejoins Braemar within weeks of leaving brokerage A returnee for shipbroker that has attracted stream of rumours on personnel moves over past few months
Modern LNG carriers start September at record lows to buck seasonal trend Over supply of tonnage prompts gloomy talk but liquidity is up and owners taking a longer-term view
Giant investment fund Permira buys into RightShip alongside BHP, Cargill and Rio Tinto London investor joins shareholder group at ship vetting firm
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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'
Greek shipowner Transmed piled up profit with latest lucrative tanker sale Mylonas family company has flipped most of the tankers it bought since 2018 - often at considerable profit
Maersk celebrates 50 years in the container shipping business Danish shipping giant was late to the party for containerisation. It soon caught up
Rising star on China's dry bulk scene breaks into projects sector with German MPP duo Fujian Highton buys two MPP general cargo ships from German KG owners
Stella Tanker pens debut newbuilding order in major expansion move Owner could go from one vessel on the water now, to five
BRS broker takes top honours as Mercy Ships launches Cargo Day 2025 in Singapore Medical charity latest Cargo Day fundraiser set to kick off in November
Chinese newcomer breaks into shipowning with newbuildings to bolster Belt & Road upgrade Liner company orders up to four vessels at small shipyard
Ernst Russ makes 'first newbuilding investment in decades' with order in China ElbFeeder joint venture books pair of vessels plus options for two more
Jaxport tabs Magaña as LatAm sales director The Port of Jacksonville, Fla. has hired Juan Pablo Acosta Magaña to lead container cargo sales for Latin America.
Big fish getting better bite at trans-Pacific container spot rates Rising average spot rates for some importers reversed the summer-long trend on containers moving from Asia to the United States as bigger shippers press carriers for better prices.
Amazon Air extends third-party cargo service to Dominican Republic Amazon Air has extended its wholesale air cargo service to the Caribbean for the first time.
FedEx deepens presence in Saudi Arabia amid trade growth FedEx is investing heavily to expand its parcel and freight logistics service in Saudi Arabia.
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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