With Hong Kong Convention looming, DNV releases new guidance on ship recycling With the Hong Kong Convention (HKC) on ship recycling set to take effect this year, shipowners looking to scrap old tonnage will need to ensure compliance with stricter regulatory controls and inspection
GAO: USCG needs to up its MTS cybersecurity game The more the maritime industry relies on digitalization and tech to increase its efficiency, the more it becomes vulnerable to cyber threats and a new report from the Government Accountability Office says
NTSB determines cause of Bonnie G grounding The National Transportation Safety Board has released its report into the October 4, 2023, grounding of the former OSV Bonnie G, half a mile south of the Cyril E. King airport in
Drewry survey indicates optimism for Red Sea shipping Amidst the recent developments concerning shipping activity through the Red Sea, a new industry survey conducted by maritime consultancy Drewry highlights cautious optimism within the shipping community.
Cargotec announces new leadership team for Standalone Hiab Cargotec's Board of Directors has approved the appointment of a new leadership team, which will comprise the current Hiab Leadership Team members, effective from 1 April 2025. These appointments are subject to the successful completion of Cargotec's ongoing transformation project. The transformation project, initiated by Cargotec in 2023, has progressed in alignment with the objectives set by the
Cape Town Container Terminal to suspend operations amid severe weather Operations at the Cape Town Container Terminal (CTCT) are expected to be suspended over the upcoming weekend (15-16 February) due to strong winds, as indicated in Maersk's advisory. "We expect no operations to happen in the Cape Town Container Terminal (CTCT) over this period," said the Danish carrier in a statement. "We are working proactively with the terminal to align stacks based on these sto
Hapag-Lloyd eyes Hanwha Ocean for newbuildings, confirmation pending Hapag-Lloyd has reportedly signed a Letter of Intent (LoI) with South Korean shipbuilder Hanwha Ocean to construct si
COSCO moves for six tanker newbuilds COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company said in a filing. The newbuilding project, ...
Diana sells 15-year-old post-panamax and nets newcastlemax charter extension Greece's Diana Shipping has agreed to sell its 2010-built post-panamax bulker Alcmene for about $11.9m and secured a charter extension for one of its newcastlemaxes at a bumper rate. The New York-listed company said it will deliver the 93,193 dwt vessel to an undisclosed buyer by March 7. The Jiangsu New Yangzijiang-built unit, which Athens-based ...
Vantage strikes deal for Eldorado drillship Offshore drilling contractor Vantage Drilling has sealed a deal with Norwegian rig owner Eldorado Drilling to market its seventh-generation drillship Dorado. The Oslo-listed company will market the rig in Africa, the Mediterranean, Asia and Australasia. "We look forward to successfully placing the rig in operation," said Ihab Toma, CEO of Vantage Drilling. Vantage has managed ...
Golden Ocean snaps up eight SFL capesizes John Fredriksen-backed dry bulk player Golden Ocean Group is taking eight capsizes out of leases from Fredriksen's shipowning company SFL Corp. The Nasdaq- and Oslo-listed company has declared purchase options worth $112m in total in connection to the vessels' 10-year charter-in anniversary. Delivery is expected during the third quarter of 2025, and Golden Ocean, with ...
Globus Maritime continues ageing bulkers clearout Nasdaq-listed Greek dry bulk owner Globus Maritime has continued the sell-off of older vessels as it makes room for fresh tonnage to join the fleet. The Athens-based firm is shipping out the 2007-built supramax River Globe for $8.55m before commissions. The 53,627 dwt vessel is the oldest in Globus' fleet and should change ownership in ...
Floatel International firms up accommodation vessel deal Oslo-based offshore accommodation vessel specialist Floatel International has won a contract for work in the North Sea. The company stated that the contract was given to the 2010-built Floatel Superior following a letter of intent. The client was left undisclosed. Work under the contract will be done in the North Sea during the summer of ...
Moscow vows 'retaliatory measures' if EU apprehends tankers in the Baltic With reports swirling that the European Union is contemplating seizing ageing substandard shadow tanker tonnage transiting through the Baltic, Alexey Zhuravlev (pictured), first deputy chairman of Russia's State Duma Committee on Defence, has vowed retaliation. European news organisation Politico reported earlier this week that the EU was discussing apprehending shadow tankers leaving Russia and
Ventura Offshore hammers out semisub acquisition settlement Brazil-focused driller Ventura Offshore has reached an acquisition settlement for the Catarina semisub drilling rig, bought from Umas 1 in June 2024. The two companies agreed on a gross purchase price of $105m for the 2012-built rig. Delivery of the rig was agreed for the end of July 2024. As part of the agreement, Umas ...
North Sea Shipping's construction vessel gets more time with Ocean Installer Marine construction contractor Ocean Installer has exercised an option to extend the charter party of the North Sea Giant subsea construction vessel. Ocean Installer, a wholly-owned subsidiary of Moreld, revealed in an Oslo Bors filing that the 2011-built vessel would remain with the company until the end of the first quarter of 2027. In addition ...
Norway to focus solely on floating wind The Norwegian government has decided to switch its focus from fixed-bottom offshore wind to floating wind after scrapping the tender for the Sørvest F offshore wind area citing high grid costs. Sørvest F was supposed to be up for bidding later this year. It is an extension of the Sørlige Nordsjø II won by a ...
Houthis return to shipping war footing with Gaza ceasefire on thin ice The leader of the Houthis has warned his fighters have their fingers "on the trigger" ready to resume their campaign against merchant shipping passing by the Red Sea in the event that the ceasefire between Israel and Hamas backfires. No ships have been attacked this year, with the Houthis saying they will step back so ...
Another Chinese owner enters the cape segment CHS International Ship Management has moved into the cape segment, adding its biggest bulker to date, joining a string of other Chinese owners in seeking out capesize tonnage. CHS has emerged as the taker of a ship sold at the end of the year, paying a premium for the 12-year-old, 182,000 dwt Sasebo-built bulker, K ...
Evergreen and CMA CGM up next swelling record global boxship orderbook France's CMA CGM and Taiwan's Evergreen are reported up next as global liners swell the record boxship orderbook, taking vessels on order beyond the 9m slot mark. Alphaliner reports that Evergreen is in the market for a new series of eleven 24,000 teu megamax vessels. Analysts at Alphaliner are also reporting CMA CGM is close ...
Cetus Maritime buys Australia's Rhumb Maritime Hong Kong dry bulk giant Cetus Maritime has acquired Australian outfit Rhumb Maritime. Rhumb Maritime, now rebranded as Cetus Maritime (Australia), was established as a chartering group providing shipowner representation and commercial agency in the dry mini and handysize sector. "This continues what has been nearly two decades of cooperation between Cetus and Rhumb, which ...
Eitzen launches Danish bunker company Christiania Energy, a new part of Christiania Shipping and the Eitzen Group, is gearing up to offer bunkers and lubricants to third-parties. Based out of Odense in Denmark, Christiania Energy started off last year with a team made up of ex-Monjasa staff serving Christiania Shipping's in-house fleet of around 50 vessels. Moving forward, the company ...
Mitigating maritime security risks in high-risk zones The resurgence of piracy off the Horn of Africa, alongside geopolitical instability in the Red Sea and Gulf of Aden, underscores the persistent and evo
VLCC rates fall back as tepid demand trumps sanctions sentiment A common pattern in shipping: the stars are aligned for higher rates and rates do not cooperate. Such is the...
Adnoc L&S profit clears $700m in 2024 The recent acquisition of Navig8 is expected to increase Adnoc L&S earnings per share by at least 20% in 2025
McKinsey report underlines massive role of Greek shipping home and abroad Consultancy identifies scope to increase current $14bn impact on economy by as much as 30%
Don't write off methanol yet, says green start-up Laws of thermodynamics seem to speak heavily in favour of e-methanol. It also has less complicated transport, storage and usage...
Wallenius Wilhelmsen expects limited impact from looming US car import tariffs Wallenius Wilhelmsen chief executive Lasse Kristoffersen says deepsea car shipping volumes will continue to grow despite slowdown in global car...
Philippines seafarer employment rights shake-up now in force 'Third doctor rule' may end long-running bust-up over disability claims, but there are practicalities still to be finalised
No sign of capesize recovery post-Lunar New Year Despite a rapidly growing bauxite trade and increased iron ore production, there's still not a lot of light in the...
Evalend leaps into LNG bunkering with $370m order Owner will have mulled expectations that LNG dual-fuelled cargoships will double by 2028, while only a limited number of bunkering...
MOL to offer low-emissions options to freight and NVOCC customers In early 2024, MOL became the first shipping company in the Asia-Pacific region to issue environmental attributes certificates of low-emission voyages...
Tankers with unknown flags help Russia navigate post-sanctions shipments to China and India Last month 21% of oil was shipped on 45 Western-sanctioned tankers, 27 of those since January 10. Just one US-sanctioned...
Dark fleet tanker sales increasingly in the crosshairs, say legal experts Rise of so-called shadow fleet seen with hindsight as 'inevitable'
Dark fleet tanker involved in oil spill in Türkiye Turkish coastguard said its vessels cleaned oil from the water surface yesterday, following the fuel leak earlier this week
Wärtsilä expands vessel fuel-saving products portfolio Elogrid is in operation on three large Scandinavian ro-pax ferries and will be rolled out to other vessel types, including...
Covert Russian oil discharge in China's Shandong exposes new US sanctions loophole A US-blocked oil tanker loaded a crude shipment in Russia's Far East late last month. With its AIS transponder switched...
China unlikely to extend retaliatory tariffs to US imports of LPG and ethane, 'for now' China last imposed tariffs on the petrochemical feedstock in 2018, which changed trading patterns but did not impact the overall...
The Daily View: Wishful thinking Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing 'Let hell break out': Gaza ceasefire snag looms over Red Sea return | Panama Canal recovery from drought overshadowed by...
Cosco/OOCL maintain top spot for carriers hauling US imports from Asia The top 15 liners in the Journal of Commerce rankings collectively carried 18.8 million TEUs to the US from Asia last year, up 17.3% from 2023.
Rail customers show frustration with H2'24 performance in new Journal survey The latest Journal of Commerce Intermodal Service Scorecard shows how the performance of North American Class I railroads suffered due to congestion caused by high cargo volumes in Southern California and severe weather in the Southeast.
Europe joins US in call for end to e-commerce 'de minimis' exemption The European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.
Incumbents, upstarts strive for lead in agentic AI arms race project44 is the latest established software provider to release a suite of artificial intelligence agents amid a torrent of startups building tools for logistics providers and shippers.
Capesize slump brings spot rates close to two-year lows Weather disruptions hit Australian iron ore ports
MOL advances carbon insetting with programme to help customers slash emissions Effort follows trial with 123Carbon and sales to three major logistics players
Scorpio Tankers makes early report of in-line earnings as it sees rates edge up Product carrier owner buys back $39m worth of stock in quarter
Mitsui E&S kicks off testing of large bore low-speed ammonia dual fuel engine Unit is due to be installed on bulker delivering in 2026
VLGC spot rates sink to four-month low as abundance of vessels duke it out for LPG cargoes East and west both face oversupplied vessel market
VLCC party: Jefferies makes bull statement on tanker prospects as sanctions bite Tanker stocks rally after bank highlights utilisation gains for compliant tanker fleet
Fredriksen to pay up as 'longest-ever' freezing orders dropped against his former trading bosses English High Court says shipping tycoon must reimburse legal costs as compensation trial date set for next year
Diana Shipping clinches higher rate for newcastlemax as it sells one of its older vessels US-listed Greek owner also makes its first ship sale in a year, shaking out its oldest post-panamax
VLCC buyers line up attractive asset values as sellers wait for higher numbers Formosa Plastics linked to disposal of 2010-built tanker
Sanctioned LNG shadow ship offloads cargo after five months Russia's eastern supersize FSU now looks largely full but one laden vessel remains in region
Avance Gas shareholders welcome to put their money in Flex LNG, says Oystein Kalleklev CEO will focus on his other role in the John Fredriksen empire when VLGC company winds up
VLCC sanctioned over Venezuelan trade sold further into shadow fleet ownership Frequent changes of name and flag continue for former Voyager I
Wallenius Wilhelmsen boasts 'unique' backlog with room to run as trade-choking tariffs loom Oslo-listed car carrier company reported $8.9bn in deals last year, and that isn't even all of it
VLCC sold at weaker price as buyers start to move on attractive asset values Formosa Plastics linked to disposal of 2010-built tanker
Lines double emissions surcharges as decarbonisation measures bite Big hikes raise question whether companies are profiting by increasing rates
Product tanker rivals Scorpio and Ardmore take centre stage in New York ahead of earnings This week's Streetwise takes a look at earnings season as the spotlight shifts to clean tankers
Ultramax bulker newbuildings flow into struggling market at fastest rate in eight years Vessels booked in a stronger rate environment are arriving at a time when the freight market is suffering
'Incident on board': What shipping can learn from the flight deck UK P&I Club has been working with aircraft crew trainers to help embed safety culture in shipping
John Fredriksen-backed SFL secures $280m in new financing as profit falls in latest quarter Company confirms boxship and bulker sales as it pushes ahead with fleet renewal
Armed pirates raid Greek tanker and steal engine parts in busy shipping lane Four suspects wielded bladed weapons, report says
Golar poised to sell 22-year-old LNG carrier to Indonesia's Soechi Steamship set for new life as FLNG-focused owner cleans out its non-core shipping segment
Cosco Shipping Energy ramps up fleet expansion with $480m tanker order spree State-owned group lines up deals for aframaxes and LR2s
John Fredriksen's Golden Ocean buys eight capesize bulkers from sibling SFL Corp Bulker owner's CEO told TradeWinds it may sell the ships
Indian government plots 100-vessel fleet for new container line Private and public-backed company will reduce country's dependence on foreign carriers
Tanker carrying sanctioned Russian cargo left in limbo after India arrival Cordelia Moon loaded barrels in Russian Black Sea port of Novorossiysk in January
Fewster's millions: New rules mean ship loan pricing must go up Shipping boss would like to see concessions from lending authority
Norden flips chartered kamsarmax bulker pair in $64m deal, brokers say Amid declining prices, the Greek hunt for modern Japanese bulker tonnage goes on
Expanding Cetus Maritime gobbles up Australian owner and charterer Rhumb Maritime Hong Kong bulker owner adds another company to growing portfolio
Turning ships into shops and sports centres: Hoegh Autoliners backs vessel upcycling pioneers Nordic Circles is giving ship owners a reason to recycle tonnage in Norway
Odfjell orders three more chemical tankers as new financing on the cards Analysts say orderbook represents 'solid' fleet increase for Norwegian owner
John Fredriksen's Avance Gas dives 10% after disappointing final dividend payments Company to distribute $6.70 per share
Fuel spills during product tanker bunkering in major anchorage Turkish authorities say incident occurred on Tuesday at the Ahirkapi anchorage
Euroseas wins lucrative pay rise from CMA CGM for veteran feeder ship charter Greek owner pushes up deal for the EM Hydra to $19,000 daily in 'resilient' charter market
2020 Bulkers cuts January dividend as profit falls in fourth quarter Owner to complete five-year special surveys for four vessels in first half of 2025
Shipless Avance Gas terminates contracts of top bosses after $1bn VLGC fleet sale CEO Oystein Kalleklev and others will remain available to the company as it liquidates
LNG carrier snubbed by demolition buyers in Bangladesh Perlite proves problematic for ship recycling industry
Adnoc L&S ratchets up profit as Navig8 deal set for instant impact Landmark takeover tipped to bring 20% rise in earnings
Wallenius Wilhelmsen expects continued car carrier strength after record $1bn profit Norwegian owner offsets lower vehicle volumes with better rates
Globus Maritime sells oldest vessel amid softening bulker asset prices US-listed owner makes fleet renewal move, following delivery of several newbuildings
Green fuels: ING's Stephen Fewster provides answer to shipping's chicken-and-egg conundrum Dutch lender's shipping boss argues fuel supply is key barrier to decarbonisation
Donald Trump's SEC chief moves against rule requiring US-listed companies to disclose emissions Pause on litigation signals climate reporting requirements will be killed
Zodiac Group sells bulker to up-and-coming Vietnamese shipowner Vessel set to be the third handysize bulker in Minh Phu's growing fleet
Zodiac Maritime sells bulker to up-and-coming Vietnamese shipowner Vessel set to be third handysize in Minh Phu's growing fleet
DHL drops SmartLynx Airlines as cargo partner in Europe SmartLynx Airlines is in a difficult situation after DHL Express pulled its contract for airfreight service in Europe.
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