General Dynamics NASSCO books $1.7BN two-ship TAO contract General Dynamics NASSCO reports that it has been awarded $1.7 billion for the construction of T-AO 215 and T-AO 216. The ships are part of NASSCO's current multi-ship contract from the U.S.
CMA CGM introduces PSS from India, Pakistan, Middle East and Red Sea to East Africa CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) effective November 20, 2025 (loading date) and valid until further notice, as part of its efforts to maintain service reliability and operational efficiency. The surcharge will apply as follows: Origin range: India West Coast, Pakistan, Middle East & Red Sea Destination range: Mombasa, Kenya & Dar es Salaam, Tanzania Cargo:
AD Ports Group unveils AI workforce blueprint AD Ports Group has unveiled a blueprint titled "Building Human-AI Teams", showing how it uses Artificial Intelligence (AI) to transform port and logistics operations. The plan strengthens efficiency and supports growth across its global network. The blueprint highlights agentic AI systems-autonomous digital co-workers that handle repetitive, data-heavy, and predictive tasks. This allows employee
Maersk announces relief package following Hurricane Melissa Maersk has introduced a relief package to support customers in Jamaica following the disruption caused by Hurricane Melissa, which affected supply chain operations across the island. To ease the operational and financial burden on customers, Maersk has implemented the following measures for Kingston, Jamaica: Suspension of combined Detention and Demurrage charges from October 24 to November 7, 20
Goltens partners with WE Tech to boost energy-efficient retrofits Goltens Worldwide and WE Tech Solutions Oy have signed a Memorandum of Understanding to jointly deliver advanced marine retrofit projects. Goltens will serve as WE Tech's preferred global retrofit partner, combining WE Tech's patented energy-optimization technology with Goltens' turnkey retrofit execution and global network. Olli-Pekka Aalto, Chief Sales Officer at WE Tech, said, "Goltens' global
ADNOC L&S reports record 9M 2025 results Strong Revenue and Profit Growth ADNOC Logistics & Services (ADNOC L&S) reported record nine-month results for 2025. Revenue rose 39% YoY to $3.71 billion. EBITDA grew 30% to $1.12 billion. Net profit reached $631 million, up 9% YoY. Q3 Highlights In Q3, revenue increased 36% YoY to $1.27 billion. EBITDA grew 38% to $379 million. Net profit climbed 20% to $211 million. All business segments contr
Saga Welco seaman missing after overboard fall A seafarer is missing after reportedly falling overboard from a general cargo ship in Japanese waters
Heidmar Maritime reports strong Q3 2025 Heidmar Maritime Holdings Corp., a leading maritime services company based in Athens and New York, reported robust financial results for the third quarter of 2025, highlighting strong revenue growth, strategic fleet expansion, and continued operational momentum. Financial Performance Heidmar achieved revenues of $15.6 million in Q3 2025, up 117% from $7.2 million in Q3 2024. The surge was driven
CEVA Logistics opens new Amazon fulfillment center in Brazil CEVA Logistics has inaugurated a new Amazon fulfillment center in Santa Maria, Federal District, Brazil. The 67,000 m² facility is located about 30 kilometers from Brasília. It will handle up to 135,000 packages per day, helping Amazon Brazil reach customers faster and more efficiently. The ribbon-cutting ceremony brought together Federal District Governor Ibaneis Rocha, public officials, Amazon
SLPA opens second berth at Colombo East Container Terminal The Sri Lanka Ports Authority (SLPA) began operations at the second berth of the Colombo East Container Terminal (CECT). Two vessels, the ultra-large MSC CHINA and feeder vessel MSC MANASA F, docked simultaneously, showcasing the terminal's enhanced capacity. The new berth allows SLPA to handle large vessels concurrently, strengthening Colombo's position as a key regional hub. The ceremony, held
Enhanced Koala service at Victoria International Container Terminal Victoria International Container Terminal, Australia's fully automated container terminal operated by ICTSI, has enhanced maritime connectivity to Asian markets through a revamped Koala service. The service, operated by MSC, made its inaugural call at VICT on October 4, linking the Port of Melbourne directly with major ports in China and Indonesia. VICT's inclusion in the rotation demonstrates MS
Global Ship Lease reports strong performance for Q3 2025 Global Ship Lease, Inc., owner of containerships, announced unaudited results for the three and nine-month periods ended September 30, 2025, highlighting solid operational and financial growth. Operating revenue reached $192.7 million in Q3 2025, up 10.7% from the same period last year, while net income available to common shareholders rose 17.5% to $92.6 million, or $2.59 per share. For the firs
Suez Canal Company launches first 'Made in Egypt' tourist yacht Admiral Ossama Rabiee Attends Launch Ceremony Admiral Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority , attended the launch of the first tourist yacht built by the Suez Canal Company for Modern Boats . Mr. Mostafa El-Dougishy, CEO of the company, also participated in the ceremony. The launch marks the beginning of a new production line of tourist yachts. The company is a
Update on incident onboard Wan Hai 503 vessel The vessel Wan Hai 503 continues cargo discharge operations under the close supervision of professional teams. Several cargo holds still contain residual firefighting water, mixed with post-fire debris and contaminants, making the cleanup complex and time-consuming. Completion of this stage is essential before container discharge can safely progress. In the most affected holds, deformed hatch cov
Rhenus expands Southeast Asia air freight gateways Rhenus Group is expanding its air freight network in Southeast Asia to support growing global trade flows and strengthen its position across key international corridors. The investment focuses on developing a network of strategic air freight gateways in Singapore, Thailand, and Malaysia. This will enhance operational efficiency, flexibility, and sustainability for global customers. Firstly, the e
Belfast Container Terminal extends Kalmar Care deal for seven years Kalmar has extended its comprehensive Kalmar Care maintenance contract with long-term customer Belfast Container Terminal Ltd (BCT), part of the Irish Continental Group. The new seven-year agreement, booked in Q3 2025, will run until Q3 2032. It guarantees 24/7 dedicated maintenance support to ensure maximum operational availability of all cargo-handling equipment at Victoria Terminal 3 (VT3). BC
ONEX transforms Elefsis into alternative to COSCO's Piraeus hub ONEX Shipyards & Technologies is positioning the Elefsis Shipyards as a strategic alternative to COSCO's Port of Piraeus, unveiling a new investment phase that will turn Elefsis into a modern LNG and energy support hub with advanced shipbuilding, logistics, and storage infrastructure. Speaking at the 6th Partnership for Transatlantic Energy Cooperation (P-TEC) in Athens, ONEX President Panos Xeno
U.S. imports flat in October amid ongoing trade uncertainty Descartes Systems Group released its November Global Shipping Report , showing that U.S. container imports held steady in October, reflecting ongoing importer caution amid shifting trade and economic conditions. According to data from Descartes Datamyne , U.S. container import volumes totaled 2,306,687 TEUs in October 2025, down just 0.1% from September and 7.5% lower than the same month last yea
Freightos names Michael Netter Chief Revenue Officer Freightos Limited, the digital freight booking and payment platform, has appointed Michael Netter as Chief Revenue Officer (CRO) to lead its global go-to-market strategy, sales, and commercial operations. Netter brings extensive experience in B2B SaaS, digital logistics, and IoT solutions, having served as VP of Sales EMEA at Proemion, VP of Intermodal Sales at project44, and CRO at Synfioo, wher
Would you let your child go to sea? As the next generation turns away from life at sea, industry leaders reflect on what it would take to make seafaring something parents once again want for their children. The second instalment in our brand-new Seafarers magazine. Ask anyone who's spent time at sea and they'll tell you: shipping isn't just a job, it's a ...
Scorpio Tankers back in VLCC game with Hanwha Ocean deal Monaco-based Scorpio Tankers has made a surprise return to the crude carrier newbuilding market after more than a decade, signing up for two very large crude carriers (VLCCs) at South Korean yard Hanwha Ocean. The New York-listed product tanker giant has inked letters of intent for the 320,000 dwt units, each priced at around $128m. ...
Live Animal Export: It's 2025, why are hairy seafarers abandoned and left to linger and die onboard? Dr Lynn Simpson returns to Splash today, discussing the ongoing livestock calamity taking place off Turkey. Today is day 54 of Spiridon II's current voyage, something that Splash covered yesterday. Originating in Montevideo, Uruguay, destined for Türkiye and Ukraine. A voyage that should be over, the cattle should have been removed from the tightly packed, ...
Pelagic Partners' new credit fund makes debut with MPP trio Cyprus-based shipowner and fund manager Pelagic Partners has completed the acquisition of three multipurpose vessels in its first deal under the company's newly established MareVia Credit Fund. The three 2011-2012-built 17,500 dwt units - Condor Bilbao, Condor Magallanes, and Condor Valparaiso - are currently employed under a bareboat charter with a minimum term of five ...
Houthis signal end to Red Sea attacks as shaky ceasefire holds The Houthis have officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter (pictured below) sent to Hamas's military wing, Kata'ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded Mohammed Al-Ghamari ...
Petrobras faces strike threat as workers reject wage deal Workers at Brazilian state-owned oil and gas giant Petrobras have rejected a counterproposal for a collective bargaining agreement offered by the company and its subsidiaries Transpetro, PBio, Ansa, Termobahia, and TBG. As a result, the union approved a "state of strike" which allows workers to begin strike action at any moment without requiring additional consultation ...
Vafias joins Greek tanker newbuild surge with six-ship order at HD Hyundai yards Greek shipowner Harry Vafias is leading a fresh charge into the crude tanker sector with orders for up to six newbuildings at HD Hyundai, joining a growing list of compatriots expanding and renewing their tanker fleets. Shipbroking sources said the Vafias-backed Stealth Maritime has contracted two suezmaxes at HD Hyundai Heavy Industries at about $86m ...
Vår Energi taps Ocean Installer for subsea work on North Sea project Marine construction contractor Ocean Installer, a Moreld subsidiary, has been awarded a contract for work on Vår Energi's Balder Next development. The contract involves project management, engineering, flexible pipelines, and riser product supply on a fast-track schedule. The remaining scope of the so-called Balder Next - New Wells project is subject to a final investment ...
Shell's strategic pivot sees withdrawal from Scottish floating wind projects UK-based energy supermajor Shell has decided to bail on the MarramWind and CampionWind floating wind projects off the coast of Scotland. The decision follows a strategic review and is aligned with the company's general direction of moving away from renewables and back to fossil fuels following the arrival of CEO Wael Sawan. Namely, Shell sold ...
Bangladesh Shipping Corporation bags its first resales State-run Bangladesh Shipping Corporation (BSC) has clinched its first resale acquisitions, polishing the fleet's average age with a $76.7m purchase of two ultramax bulkers. Brokers have identified the ships as two 63,700 dwt units built at Jingjiang Nanyang Shipbuilding, a yard that has delivered only three sister ships in this segment, all of which will ...
DOF scores BP subsea work under multi-year contract Norway's DOF Group has secured a long-term subsea services contract from BP covering work in the Atlantic region. The three-year firm deal, with two one-year extension options, will see DOF deploy one of its subsea vessels to support bp's construction, installation, repair and maintenance (IRM) operations. Offshore work under the contract is scheduled to start ...
'Ambition is not yet reaching the fixture desk': RightShip warns of reward deficit for responsible owners A new 37-page report published today by vetting specialist RightShip makes clear the growing frustration among owners who invest in safer, greener operations yet see little commercial recognition for it, with just 27% of charterers polled saying they offer better terms for higher-performing vessels. The study produced with maritime consultancy Thetius finds that while 73% ...
Ferry collides with product tanker in Singapore Late Monday afternoon saw a collision between the Singapore-registered passenger ferry, Horizon 9 and the Norden-controlled product tanker, La Digue. The ferry was en route to Singapore's HarbourFront Centre when the vessels collided off the Southern Islands. The ferry sustained some damage to its bow above the waterline but remained fully operational while en route ...
Are shipowners asking the right questions of clean technology companies? Alex Routledge, CEO of Armada Technologies, writes for Splash today. Shipping stands at a complex moment in its decarbonisation journey. The IMO's overall strategy for reaching net zero remains in place, even as the formal adoption of its Net Zero Framework has been delayed. In practice, this pause at the global level seems set to ...
Red Sea shipping traffic growing but box bosses still weighing up a big bang return Yemen's Houthis have signalled a halt to their attacks on ships, and shipowners appear to be responding with a five-month...
United Maritime adds to ECV investment but keeps dry bulk faith Recent capesize sales prompt dividend and resumption of share buybacks
'If you don't have scale you will die a cost death': V.Group CEO René Kofod-Olsen Shipowners and third-party managers running fewer than 50 ships will 'die a cost death' and scale is key to survival...
P&I underwriting performance at two century nadir, chides Gallagher Clubs face crunch if investment bubble bursts, top broker warns
Saudi Arabia sends first crude tanker to Syria post-sanctions A Saudi crude oil tanker is nearing Syria for the first time since international sanctions were lifted, marking a symbolic...
China tightens grip on bulk carrier and tanker newbuild orderbook China now has a 68% share of the global bulk carrier orderbook, while in the tanker sector some 69% of...
MS Amlin court win sets major precedent for English contract law Marine insurers entitled to rely on pay to be paid rule, Vos MR confirms
Ferry collides with tanker in Singapore Strait This incident follows a fire on board a containership at nearby Tanjung Pelepas that killed three people and injured four...
IMO's NZF 'not the silver bullet' for energy transition, says Team Norway IMO sustainability targets likely to remain unchanged. Norway will continue to promote ammonia, methanol, CCS adoption in Singapore
China pauses sanctions on Hanwha Ocean after halting port fees on US vessels Hanwha Ocean welcomes sanctions pause, with share price rising then falling back again
The Daily View: The ripple effect
Daily Briefing Peak shadow fleet is still to come | CMA CGM Benjamin Franklin clears Red Sea safely as French giant steps...
Gemini delivers cost savings as it mulls a path to premium pricing While premium pricing has long been elusive for ocean carriers, the cost benefits from the Maersk-Hapag-Lloyd alliance may prove to be enough to justify overhauling the network.
EU frigate captures mother ship of 'disrupted' Somali pirate group Gang that wreaked havoc in the Indian Ocean last week can no longer threaten vessels in the open sea
End of Houthi attacks could lead container rates to 'plunge' - just not yet Liner operators will not likely rush to bring ships to the Red Sea, Xeneta analyst says
California's biggest ports forge zero-emissions pact Ports of Long Beach and Los Angeles sign up to enforceable milestones
ABS board approves John McDonald as classification society's new leader Chief operating officer to take the reins after retirement of Christopher Wiernicki
Alaska LNG export project takes step forward as Trump officials tout potential Trump lieutenants preside over signing ceremony for alliance with Baker Hughes
Global Ship Lease hikes dividend amid strong charter market fixing Forward contract cover locked in for 100% of 2025, 96% of 2026 and 74% of 2027
DH Shipbuilding picks up Nordic American Tankers suezmax orders Newbuilding contract is expected to be inked early next year
British fire investigator killed in ship blast Darren Holling had worked on hundreds of cases around the world
SFL CEO mulls how to deploy $300m plus war chest as geopolitical mist clears Firm has significant liquidity and is looking for right deals
Former Maersk exec Stephen Schueler joins World Maritime University investment team Shipping stalwart appointed to help develop IMO-backed centre for education's endowment fund
VLCC cargo attracts 10 offers as charterers keep cards close to chest Sentiment switches back towards shippers as market cools
Shipping set for M&A spike as scale pressure drives deals, says Danish Ship Finance Rapidly changing market fundamentals put pressure on smaller shipowners
Thenamaris deal shows capesize S&P catching up with rising freight rate market Scrubber-fitted vessel breaks a two-week drought for capesize transactions
Container vessel adrift near Taiwan Strait after exceptionally adverse weather conditions Chinese authorities urge passing vessels to keep clear of disabled container ship
Scorpio Tankers has a second shot at VLCC ownership with newbuilding deal New York-listed owner places orders for two VLCCs at Hanwha Ocean
Traders and oil majors move for product tankers on time charter as rates catch the eye MR deals coming in thick and fast against background of strong spot market
Houthis letter stirs hopes of permanent Red Sea ceasefire However, Yemeni rebel group warns its finger is still on the trigger to resume violence if the fragile Gaza truce collapses
Columbia wins tanker fleet management deal from Chinese shipowner Schoeller Group company strikes an agreement with Shanghai owner Dihai Qitai
Second Russian LNG shadow ship heads for Suez Canal as another closes in on China Vessel took long way round on outbound voyage
SFL charter backlog hits $4bn in latest quarter Company has declared its 87th consecutive quarterly dividend as profit rises
Ernst Russ seeks to add shine for investors with a string of deals to tidy up balance sheet Tonnage provider has lifted shareholding in eight feeder container ships in bid to appeal to capital markets
Marielena Procopiou venture Akrotiri Tankers books its debut newbuildings Athens-based company develops into a full-fledged, pure-play LR1 specialist with its first order for such vessels
Bearish car carrier bet pays off for Joakim Hannisdahl's Gersemi fund Norwegian investor has also been changing its exposure to the volatile tanker market
Shipowner Hyundai Glovis hunts LNG newbuilding berths Company homing in on two-ship order to support for fresh time-charter business
Adnoc L&S poised to invest over $3bn to grow its business Company turns in record nine-month returns
Macquarie strikes loan deal with Nordic investor for Greek VLCC acquisition Bank offered 70% loan-to-value ratio for financing deal
Disruption in crude supply grows as Russia's Lukoil gives up on tanker shipments from Iraq Reuters reports massive producer has declared force majeure at West Qurna-2 field under sanctions pressure
Global tanker demand is surging to levels not seen in over a decade, says LR director Crude is moving longer distances than ever before as the global oil map is redrawn
'Tougher 2026' ahead: Shipping giant AP Moller-Maersk 'slow steaming into headwinds' Analyst Frode Morkedal said investors were focused on weaker box rates in the coming year
Idan Ofer strikes deal for Apollo Global to take control of Atletico Madrid Billionaire shipowner is one of a group of shareholders selling to private equity giant
Snapping a subsea power cable is difficult. Repairing it is equally challenging Major incidents have highlighted the vulnerability of subsea infrastructure and the difficulty in repairing the damage
AP Moller's Svitzer adds 64 ships in Norwegian takeover deal Danish operation takes controlling stake in offshore ship and tug operator Bukser og Berging
Shipping 'navigating increasingly uncertain waters', says Danish Ship Finance Danish Ship Finance paints a bleak picture for the near and long-term prospects for some shipping sectors
Pelagic Partners snaps up first three ships for new credit platform Cypriot owner and fund manager buys three MPPs through MareVia venture
Oaktree tanker collides with ferry off Singapore's Southern Islands Maritime regulator said the fast ferry Horizon 10 sustained minor damage to its bow, while Oaktree's La Digue was left unscathed
Diana clinches higher capesize rate amid post-trade war truce optimism Analysts see a higher-than-average number of fixtures for big bulkers at elevated rates
Idwal eyes AI-powered expansion into new business areas Ship inspection company's boss recognises what the UK-headquartered operation is best known for, but has plans to develop new business
Charterers win court battle over ban on seafarers competing with dock workers Shortsea and feeder interests had opposed the ITF deal to keep lashing work for stevedores
Navibulgar breaks into the ultramax bulker segment with newbuildings Bulgarian shipping company has ordered 'super-size' vessels
Turkish container vessel adrift near Taiwan Strait Chinese authorities urge passing vessels to keep clear of disabled container ship
Norden tanker collides with ferry off Singapore's Southern Islands Maritime regulator says fast ferry Horizon 10 incurred minor bow damage while Norden's La Digue went away unscathed
Sanctioned Iranian suezmax tanker shows up at Indian ship recycling beach Masal is one of two US-sanctioned dark fleet tankers that have arrived off Alang over the past week
'It was really tough': Mission to Seafarers award winners on disaster relief, resilience and life at sea From training to triumph: two award-winning seafarers share their journeys
Genco strengthens poison pill with 10% threshold for non-passive shareholders Bulker owner sets new cap for so-called 13D investors but grandfathers in Diana Shipping stake
Berge Bulk blocker? Genco strengthens poison pill to cap second-biggest stake Bulker owners sets new threshold just above Kibo Invest holding
'Hong Kong is not finished as an international shipowning centre. Maybe the US is' Its obituary has been written many times, only for the former colony to reinvent itself
'It was really tough': Mercy Ships award winners on disaster relief, resilience and life at sea From training to triumph: two award-winning seafarers share their journeys
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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