Ambrey: Sounion salvage successfully completed U.K.-based maritime risk consultancy Ambrey has confirmed that the salvage of the MT Sounion has been successfully completed. As we reported at the time, the 163,000 dwt Greek-flagged Sounion was set ablaze
USNS Harvey Milk arrives at Alabama Shipyard for PSA Alabama Shipyard reports that the USNS Harvey Milk (T-AO 206) arrived at its Mobile, Ala, shipyard on Thursday, Jan 9. The vessel is at the yard for its post-shakedown availability (PSA) and
WiseTech Global expands portfolio with ImpexDocs takeover WiseTech Global, the developer of the logistics execution software CargoWise, has announced an agreement to acquire ImpexDocs, a provider of Global Trade Management (GTM) solutions designed to centralize, digitize, and streamline international trade workflows. Headquartered in Sydney, Australia, ImpexDocs is being acquired from Acme Trade Group, with the transaction subject to regulatory approval
The Growing Role of Marine Insurance Amid Geopolitical Tensions As the global maritime trade slips into a turbulent environment, marine insurance companies play a pivotal role in the shipping industry, and their role is expected to become even more crucial.
Port of Vancouver installs new navigation aids to boost safety and fluidity in eastern Burrard Inlet The Vancouver Fraser Port Authority is set to install new navigation aids in eastern Burrard Inlet to improve safety and efficiency for ship movements through the busy Second Narrows waterway. The project includes the installation of two solar-powered range lights, a sector light off Berry Point, and illumination of the Second Narrows Rail Bridge pillars. Work will begin in mid-January and is exp
DHL Supply Chain acquires Inmar Solutions DHL Supply Chain has announced the acquisition of Inmar Supply Chain Solutions, a division of Inmar Intelligence specializing in reverse logistics for the retail e-commerce industry. This strategic move positions DHL Supply Chain as the largest reverse logistics provider in North America. The acquisition includes 14 return centres and approximately 800 employees, bolstering DHL's North American o
We Asked AI: Container Ships Carrying Missiles As we transition into a hybrid era, the boundaries between commercial operations and warfare are set to become increasingly indistinct. In this evolving landscape, commercial endeavors like shipping may merge seamlessly with military functions. This opens the door for the use of container vessels as covert means for state actors to transport missiles and other armaments undetected, leveraging the
Weekly Market Review: Container Shipping Stocks The container shipping sector faced a turbulent week, with most major players witnessing a decline in their stock prices. This downturn could be indicative of broader economic concerns, shifts in global trade patterns, or specific challenges within the shipping industry itself. Let's delve into the performance of each company: SITC International Holdings Co Ltd (1308) SITC International Holdings
Turkish lines target booming Indian market Turkish operators Arkas and Turkon Line have identified the booming Indian market as a key source of trade between the two countries and extended its Jeddah service to Nhava Sheva and Mundra.
New alliance structure launch may reduce usual CNY blanking Chinese New Year (CNY) in 2025 will fall on 29 January 2025, coinciding with the launch of new carrier alliance networks. While CNY typically causes disruptions to the supply chain due to blank sailings stemming from reduced demand, the transition from existing alliance services to new ones may exacerbate this impact. For the Asia-North America West Coast route, there is a notable surge in capaci
Maersk revises reefer surcharge from India to Iraq Maersk is revising the Peak Season Surcharge (PSS) for shipments from India's ports of Jawaharlal Nehru, Mundra and Pipavav to Iraq. The following updated surcharge will be effective from 16 January for all reefer containers for the commodity group CHILLED - MEAT and FROZEN - MEAT only for non-shipper owned containers. Origin Port of Load Destination New Tariff Aligarh, India Gautam Budhh Nagar,
Middle East Maritime Security Risks Amid Geopolitical Tensions and Iran's Strategic Maritime Investments An assessment by global maritime risk management expert Ambrey Analytics suggests that the reelection of President Donald Trump could increase maritime security challenges in the Middle East, with possible vessel harassment and seizures by Iran as a response to escalated pressure.
Ocean container shipping rates may fall after USEC deal Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off - with ocean container freight rate growth now expected to slow or fall. The strikes were set to begin on 15 January and would have forced the closure of ports from Maine to Texas. This has now been averted after a tentative agreement over a new six-year master c
MSC builds Africa service network with Walvis Bay as strategic hub After taking control of the container terminal at Walvis Bay in Namibia in November, MSC has decided to use this port as its local hub for Southern Africa. Following the extension of its Europe-West Africa NWC-Morocco-WAF service to Walvis Bay, MSC will now incorporate its new hub into the NWC to South Africa service, replacing South Africa's port of Ngqura. Additionally, Walvis Bay will receive
Port of Açu and Yamna sign agreement for green ammonia project in Brazil Port of Açu Operações and YamnaCo Ltd (Yamna) have entered into a land reservation agreement to establish a green ammonia project within the new low-carbon hydrogen hub at the Port of Açu industrial complex in northeast Rio de Janeiro State. The agreement secures two million square meters for green hydrogen initiatives, supplementing the one million square meters already licensed at the Brazilian
First CN Magazine Issue of 2025 Is Here Welcome to a new year of innovation, insights, and leadership in the container shipping industry! The January 2025 issue of Container News Magazine is now available, offering exclusive content for our CN Premium Members . This month's issue dives into the trends and challenges shaping the industry in 2025. From sustainability innovations to market predictions, we're equipping you with the knowled
Gemini unveils intra-Far East feeder service network Gemini Cooperation of Maersk and Hapag-Lloyd has announced a set of joint intra-Far East feeder services centered on Maersk's hub of Tanjung Pelepas and Singapore. The rotations of the announced services will be as follows: China Philippines Feeder (CPF) - Tanjung Pelepas (Malaysia), Singapore, Batangas (Philippines), Manila (Philippines), Subic Bay (Philippines), Guangzhou (Nansha, China), Tanju
Maersk changes MECL service rotation Danish ocean carrier Maersk has announced that it will introduce a stop at the Indian port of Mundra on the MECL service aiming to enhance product delivery from India to North America. Simultaneously, the service will discontinue its westbound call at the port of Algeciras in Spain. This adjustment will result in an average reduction of five days in transit times from India, Pakistan, and the Mid
Mainport Shipping secures funding for N-Sea bound OSV newbuild Mainport Shipping has secured funding from the Eurazeo Sustainable Maritime Infrastructure (ESMI) Fund for the construction of its Geo Master hybrid survey and ROV support vessel. The vessel is being built by the Neptune Construction yard in the Netherlands. It is set to be delivered in the first quarter of 2026 and is expected to ...
CMA CGM settles US sexual harassment case APL Maritime, a US subsidiary of French containership major CMA CGM, has settled a sexual harassment lawsuit which was led in front of the United States District Court of the Northern District of California. In the lawsuit, a married couple sought compensation for the husband suffering sexual harassment in the workplace. The man, identified as ...
RFOcean adds to chemical tanker newbuild series in China RFOcean has added to its series of 6,600 dwt methanol dual-fuel stainless steel chemical tanker newbuilds at Wuhu Shipyard in China. The Frederik Rye-Florentz-led alternative investment and commercial management firm has teamed up with Yingxing Financial Leasing for its latest newbuilding project after working on the first two vessels of the same type. RFOcean booked ...
Terrifying record number of seafarers left to rot at sea Cases of crew abandonment more than doubled last year from 2023's record levels to set an alarming new high with experts linking the rise to the ongoing growth of the so-called shadow fleet. According to data from the International Maritime Organization (IMO) there were 310 cases of crew abandonment registered last year, up 118% over ...
Pacific Radiance founder takes up CEO role The chief executive officer of Singapore-based offshore vessel operator Pacific Radiance, James Pang Wei Kuan, has been replaced by the founder and executive chairman of the company Pang Yoke Min. The decision came into effect on January 9. Pang Wei Kuan will now take up the role of chief strategy and business development officer of ...
Tanjung Offshore wins services contract from Hibiscus Petroleum Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a contract for maintenance, construction and modification services on the PM3-CAA oilfield. The company said in a Bursa Malaysia filing that the contract was awarded by an affiliate of compatriot Hibiscus Petroleum. The deal's start date is December 19, 2024, and it is ...
Josephides to take over from Kazakos at the Cyprus Shipping Chamber The Cyprus Shipping Chamber has decided to promote deputy director-general Alexandros Josephides as the body's next director-general, taking over from Thomas Kazakos, who will move to London in April to become secretary-general of the International Chamber of Shipping. "I look forward to working closely with our board of directors, members and associates to build on ...
Epic salvage of Sounion tanker complete Salvage of last year's most high profile Houthi vessel attack has been completed with sources telling Splash the tanker will now likely head for scrap. Greek owned, laden oil tanker Sounion was targeted by Houthi militants in the southern Red Sealast August with the crew evacuating the following day and then the Houthis boarded the ...
Number of falsely flagged ships doubles in the space of 22 months The UK is leading a bid to stamp out falsely flagged ships at the International Maritime Organization (IMO). In a submission to the IMO's legal committee, backed by 21 other countries, the UK has counted that the number of falsely flagged vessels has more than doubled to 223 ships in the space of just 22 ...
West P&I acquires Nordic Marine Insurance West P&I Club has bought Nordic Marine Insurance, a specialist in delay insurance, primary loss of earnings, hull and machinery, loss of hire, and maritime lien solutions. West P&I initially acquired a significant stake in Nordic in 2020. The two organisations have worked closely together since then, with Nordic's specialist products expanding the services West ...
Tanker stocks soar as US hammers Russia with new sanctions New US sanctions targeting Russian oil exports were not a well-kept secret. Investors and freight futures traders have been placing...
Israel launches more airstrikes on Houthi ports The Israeli military said it struck targets in the Houthi ports of Ras Isa and Hodeidah on Friday, the third...
Panama Canal, now a geopolitical hotspot, sees rising ship traffic It has been a rough few years for the Panama Canal. First, a historic drought. Now, threats of a military...
German tug secures laden dark fleet tanker drifting after mechanical failure Aframax tanker is laden with 500,000 barrels of oil loaded four days earlier at the Russian Baltic port of Ust...
Dark fleet tactics evolve as tankers take on multiple interchangeable digital identities A Lloyd's List investigation shows how vessels move seamlessly between identities using only digital information
US Russia shipping crackdown brings 35% of dark fleet under sanctions Of the 155 tankers today listed by the Office of Foreign Assets Control, 68 are part of the so-called dark...
Container spot rates fall across the board, led by Asia-Europe declines Container spot rates are still very strong but they've lost their upward momentum. Rates are falling back from recent highs...
What to look out for in 2025 in risk and compliance Lloyd's List's editorial team gives you a head start for 2025 by discussing the most important things to look out...
Going out with a bang: US sanctions over 180 vessels and dozens of entities in unprecedented Russia crackdown The US has unveiled the largest round of shipping sanctions in years, targeting more than 180 tankers and dozens of...
Cosco Shipping Energy expects robust profit growth for 2024 In 2024, the expected 17.2% profit growth for Cosco Shipping Energy is driven by a strong international oil shipping market...
Josephides elected to succeed Kazakos at Cyprus chamber New director general has been with the CSC for three decades and also serves as IMO goodwill ambassador
Norway and Iceland see temporary exemptions from FuelEU European Economic Area fails to get its act together in time
Why the maritime sector has a responsibility to decarbonise The time for incremental change has passed, argues Cargill's president of Ocean Transportation, Jan Dieleman. The maritime industry must scale...
The Daily View: Into the grey zone Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
The IMO should adopt a carbon levy The IMO is building towards majority support for a flat carbon levy on shipping's greenhouse gas emissions. Countries should follow...
Record number of LNG-fuelled vessels delivered in 2024 A total of 515 alternatively fuelled vessels were ordered in 2024, which represents a 38% year-on-year increase on 2023's orders
West of England set to take full control of Nordic Marine Insurance Deal will enhance marine mutual's offer on specialist covers
South Korea courts US shipbuilding partnership in preparation for Trump second term Move comes as domestic shipbuilders secure the largest order backlog in 15 years, with a four-year workload worth $110bn in...
Slot charterers count as 'shipowners' for liability limitation, Admiralty Court rules Outcome reinforces MSC Napoli precedent
Former Guangzhou port chairman removed following corruption investigation Li allegedly accepted nearly $180,000 in cash gifts from subordinates and individuals under his management. His deputy Huang Bo has...
Ship recycling volumes in 2024 drop to lowest levels since 2005 Last year, 324 merchant ships were recycled with a combined dwt of 4.6m gross tonnes, the lowest level seen in...
Daily Briefing How the Sounion salvage exposed a fundamental gap in shipping's crisis response capabilities | Renewed US port strike averted as...
Taiwan's Big Three carriers see 30% slide in H2 monthly revenues after rate slump The decline reflects the wider slide in container freight rates from August, which accelerated in October and November as cargo demand eased.
Cosco forecasts 95% jump in 2024 net profit on robust volumes, freight rates The carrier's top-line financials are a clear signal that container shipping is firmly back in profitable territory following a poor end to 2023 that left several carriers nursing losses.
FedEx, UPS to continue discounting parcel rates amid increased competition The US last-mile market has become fragmented, benefiting shippers from both a cost and capacity perspective.
Will Biden's parting Russia sanctions stick as Trump aims to end war in Ukraine? Even if incoming president wants to roll back Russia sanctions, they will take time to unwind
Viewpoint: There's a simple fix for the Arctic's climate crisis - use cleaner shipping fuels Arctic policy director at green group Pacific Environment urges IMO to reduce black carbon emissions
Louis-Dreyfus family members launch bid to join northern Greek port Margarita Louis-Dreyfus and her three sons are seeking a stake in terminal controlled by a Russian businessman
Tanker stocks soar again on Biden's anti-Russia sanctions package Friday's rally caps a strong week fuelled by regulatory disruption
German rescue services haul in suezmax drifting in the Baltic Sea No evacuation required from ship managed out of Dubai and carrying Russian cargo
US and UK asset managers bank $50m on sale of container ship trio Asset managers are making hay with the sale of three 2,500-teu vessels
US sanctions squeeze on Russian giant Sovcomflot goes far beyond newly-blacklisted vessels In addition to naming host of vessels, Treasury Department pulls back license that allowed some transactions
MT Maritime vehicle pushes top stake in Pangaea Logistics past 28% after merger
Wavelength podcast: 'Sabotage' ship highlights Baltic risks with old, poor quality tonnage Plus: The impact of the US blacklisting Cosco as a Chinese military company
Biden swings sanctions sledgehammer in 180-ship crackdown on shadow fleet Government steps up efforts to target Putin regime's primary revenue source as Ukraine war grinds on
Staggered Diana charter reflects hopes and struggles of rebounding capesize market First period capesize deal of the year is below last-done but includes bet that sector will overcome dire straits
Win-win: Gary Brocklesby adds fantasy football prize to Deal of the Year award It's fair to say Navig8 principal has had a pretty good few months in business and leisure
Subsea7 gets inside track on Norwegian oil field work for Equinor Oslo-listed outfit could add $300m to its contract backlog if option exercised
Geopolitical strife laying foundations for permanent dark fleet, says SSY Below-board fleet possibly 'the start of a massive transfer of ownership', analyst says
George Economou tanker in dispute with sanctioned ship after collision in Russia TMS aframax and 'dark fleet' tanker are immobilised at Ust-Luga in the Baltic
Why shipping and trade have placed Panama and Greenland in Donald Trump's sights Interest in Danish-controlled Arctic island may be a play for resources and shipping routes
Jinhui Shipping's Ng family ups stake in bulker owner Family controls the entity that owns around 56% of Oslo-listed owner's stock
UK owner RFOcean signs Chinese financing deal after more than doubling orderbook Chemical carrier series has grown after initial contract in 2023
Clarksons market cap surges by $120m after positive profit forecast and share upgrade Analysts like the look of broker's stronger performance across the board
New shadow fleet crisis sees shipping turn up the heat on its top regulator Coalition looks to bulk up existing maritime rules to target elderly and lightly-regulated tankers
LNG streaks past methanol as shipping's alternative fuel of choice, says DNV Class society outlines 'unprecedented year' for ordering
Russia slowly empties long-idling shadow LNG fleet ships as others head south Mystery surrounds sudden new movements of other western-based sanctioned vessels
Greek owner Target Marine linked to fifth bulker sale in 12 months Anthony Comninos extends divestment campaign as South East Asian players keep snapping up ageing Greek panamaxes
Ukraine fears oil spilt by Russian tankers could hit its shores Navy says pollution in Kerch Strait may reach Mykolaiv and Odesa
Steem1960 adds four brokers after training programme success Oslo shipbroker beefing up team after six months teaching trainees the ropes
Dry cargo chartering broker leaves Hartland Shipping to join SSY New hire joins broking group after almost 15 years at Hartland
Stena tanker carries out first French naval vessel refuelling under US contract Stena Polaris' operation took place at sea in the Indian Ocean
Gersemi fund keeps faith with tankers and spots 'myriad of opportunities' in shipping Joakim Hannisdahl-led venture took a hit on tanker equities during December drops
Sinokor Maritime floats two elderly LNG steamships for scrap or trading Will these be first demolition buys of 2025?
Alexandros Josephides named next director general at Cyprus Shipping Chamber Organisation's deputy and marine manager replacing Thomas Kazakos from April
Clarksons springs positive profit surprise for investors as it ratchets up forecast UK shipbroking giant gives brief trading update ahead of annual results in March
Chinese chemical tanker owner Xingtong Shipping splashes out with four-ship deal Shanghai-listed firm has inked newbuildings worth up to $172m
Morten Astrup's Storm bond fund raises bets on John Fredriksen firm and offshore giant Fund sees 'continued high primary activity' in Nordic market
MOL joins Portugal-Netherlands-Germany green fuels corridor Japanese giant will focus on transporting green fuels and CO2, and use zero-emission vessels
Ship robberies in Asia getting more violent as ReCAAP sees incidents spike Two of the most serious types of attacks seen last year
Retailers expect January US container volumes to stay elevated Container volumes through U.S. gateway are forecast to stay ahead of year-ago levels, according to the National Retail Federation's Global Port Tracker.
CMA CGM postpones some US peak season surcharges French carrier CMA CGM rolled out three peak season surcharges for U.S.-bound containers.
Container shipping from Asia to the US just got more expensive Trans-Pacific container rates increased sharply to start 2025, according to analyst Freightos, as importers brought shipments forward ahead of Lunar New Year.
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