IMO's MEPC 83 approves net-zero regulations for global shipping With the conclusion of the latest session of its Marine Environment Protection Committee (MEPC 83) the International Maritime Organization (IMO) says that it has achieved another step towards establishing a legally binding
VIDEO: Compact tugs Rascal and Rowdy deliver big bollard pull Two very compact, high bollard pull ship handling tugs. Rascal and Rowdy are now in service with Longview, Wash.-headquartered Brusco Tug & Barge.The Robert Allan Ltd design RAscal 2000-D series tugs were
Container Ships Battling the Storm Across the vast expanse of the world's oceans, container ships forge their paths through wind-swept waters, steel giants steady against the breath of the planet. Navigation becomes a game of anticipation as crews reroute and slow down to avoid the worst of the tempest. Wind sensors, gyrocompasses, and real-time weather forecasts guide every adjustment, while reinforced hulls and stabilizers keep
Iranian ports record volume growth in 2024 In 2024, Iranian ports processed a total of 2.96 million TEUs, marking a 13% increase compared to the previous year. The nation's primary port, Shahid Rajaee in Bandar Abbas, saw a 12% container traffic growth, reaching 2.39 million TEUs. Meanwhile, Shahid Bohonar-Bandar Abbas' secondary port-doubled its throughput from the previous year. Meanwhile, the Indian-supported port of Chabahar also reco
Rate boost to be short-lived: Analysis Container market analysts have said that the tariff and other regulatory drag imposed by Washington will mean this week's incremental rate increase cannot last without a change in direction. The US government's tariff indecision has left trade prospects for this year hanging in the balance. Major tariffs this week were paused for 90 days, but analysts had expected that falling demand would result
2025 Process Orchestration Trends See what 800+ IT leaders say about orchestration challenges-and where automation is headed next.
Broad impact of US tariffs felt by key global trade partners The container shipping landscape between the United States and its top trade partners has been impacted by President Trump's newly imposed tariffs. In March, US container imports increased by 6.3% over February and 11% compared to the same month last year. While the growth reflects the additional business days in March, it also reinforces the strong performance in January at the start of the year
India's state-owned major ports experience container traffic growth During the 2024-25 financial year (April 2024 - March 2025), India's government-owned major ports saw a 10% increase in container throughput. The port of Paradip showed the strongest percentage growth at 108%, although from a relatively small base. In terms of volume, Nhava Sheva, located near Mumbai, made the largest contribution with an additional 872,000 TEUs handled compared to the previous y
OOCL posts strong Q1 results with surge in revenue and box volumes For the first quarter of 2025, Orient Overseas Container Line's (OOCL's) revenues reached US$2.3 billion, representing a 17% growth compared to the same period last year. The COSCO-owned container line increased its total lifting by 9% to 1.96 million TEUs, while the loadable capacity increased by 8.5%. The overall load factor was 0.6% higher than the same period in 2024, and the overall average
Tonnage providers' fleets dwindle amid operators' buying spree Over the last five years, tonnage providers' boxship fleets have fallen by 2.3 million TEUs as liner operators, chiefly MSC and CMA CGM, purchased many pre-owned vessels during the Covid-19-induced boom
Porto Itapoá to simplify berth alignment with box lines through Portchain Connect Porto Itapoá will use Portchain Connect to enhance the quality and speed of berth alignment with customers through digital handshakes and secure data sharing. By leveraging Portchain Connect, the Brazilian port will receive real-time schedule and move count updates directly from carrier systems and respond quickly with counterproposals to align vessel schedules with the terminal's berth plan, str
Port of Oakland upgrades berths to handle larger container ships The Port of Oakland is undergoing a modernization project to enhance infrastructure and reduce environmental impact. As part of these efforts, Berths 55-59 are being upgraded to accommodate ultra-large container vessels and shore power technology. To equip the upgraded berths and support the port's transition, ShibataFenderTeam designed and delivered 96 sets of Cone Fender systems (SPC 1300, G2.7
Cosco reports US$1.8 billion profit in first quarter According to preliminary financial results, Cosco Shipping Holdings has recorded earnings before interest and taxes (EBIT) of US$2.3 billion during the first quarter of 2025, representing an impressive 66% increase over the same period last year. In the same period, the company's net profit attributable to shareholders is expected to reach US$1.8 billion, translating to a growth of 73% year-on-ye
Cosco switches Indian port on CI1 service Cosco Shipping Lines will replace the port of Pipavav with the port of Mundra on its Far East - Indian Subcontinent - China - India (CI1) service. Effective from later in April, the updated port rotation will be: Shanghai (China), Ningbo (China), Shenzhen (Shekou, China), Guangzhou (Nansha, China), Singapore, Port Kelang (Malaysia), Mumbai (India), Mundra (India), Karachi (Pakistan), Colombo (Sri
ONE and Evergreen revise Transatlantic sling In May, Ocean Network Express (ONE) and Evergreen will shift their Transatlantic AT2/TAE2 service, on which CMA CGM, CoscoSL/OOCL and Yang Ming charter slots, from Rotterdam to Southampton, according to the latest DynaLiners report. This operation was launched in February following the alliance shuffle that left ONE without a Transatlantic partner, noted the report. The revised itinerary will be
MSC enhances Europe - Far East - USWC service Swiss/Italian ocean carrier MSC has added the ports of Gothenburg and Aarhus to its Europe - Far East - US West Coast Swan-Sentosa pendulum. The inclusion of the Danish port of Aarhus is notable, as it is currently operated by APM Terminals, a subsidiary of Maersk. However, MSC has announced plans to develop its own container facility in the area-a move that has sparked strong opposition from its
Uptick in blank sailings as US and China trade tariff blows Global supply chain managers are having to contend with more blanked container sailings as the world's top two economies show no sign of giving ground in an escalating trade war. China responded today to US president Donald Trump's cumulative 145% tariffs, placing 125% tariffs on US products, effectively foregoing business between the two countries. Chinese ...
Petrobras begins search for more PSVs Brazilian state-owned oil and gas giant Petrobras has launched a tender for up to six platform supply vessels. Rio de Janeiro-based offshore brokerage WSB Advisors stated that the tender, launched on Thursday, was under an SEP format, which traditionally has limited public disclosure. All vessels will be used to support the company's hydrocarbon exploration and ...
F. Laeisz revealed as Belships co-investor German owner F. Laeisz has emerged as a co-investor in the takeover of Norwegian dry bulk player Belships. The Nikolaus Schües-led shipping group has snapped up a 25.01% stake in the ultramax specialist following the public takeover launched by asset management firm EnTrust Global and its vehicle Blue Northern. Blue Northern ended up with a ...
Contentious late night IMO meeting ends in stalemate Splash has obtained the contentious draft text regarding how shipping will pay for its green transition, with news that a flat levy is very much off the agenda at the International Maritime Organization (IMO). A draft legal text on a package of regulations for the implementation of the IMO's Net Zero Framework failed to achieve ...
SBM Offshore seals new $1.1bn credit facility Dutch floater expert SBM Offshore has signed a $1.1bn unsecured revolving credit facility with a group of 13 international banks. The loan will be used to refinance its existing $1bn facility, which was due to expire in February 2026. The new credit facility has a tenor of five years and two one-year extension options, as ...
Noble rig to extend Colombia stay by 390 days Brazilian state-owned giant Petrobras has exercised an option for one of Noble Corporation's semisub drilling rig. The 2009-built Noble Discoverer rig has been working for Petrobras in Colombia since June 2024, and its deal is set to end in July 2025. Petrobras' Colombian arm has now exercised an option to extend the semisub's contract for ...
Winking Shipping buys Imabari-built newcastlemax China's Winking Shipping has purchased its second newcastlemax, acquiring the 14-year-old, Imabari-built, 206,300 dwt HL Saijo for just under $38m on bareboat hire purchase terms from Japan's Doun Kisen. The deal marks one of several capes added by Winking Shipping in recent years. The company's most modern vessels are in the ultramax segment, with five ...
Oldendorff lets go of another post-panamax Oldendorff Carriers has sold a second post-panamax in quick succession, one of several bulker sales reported this week, reflecting a thriving S&P market amid ongoing global trade uncertainty. The 13-year-old, 93,000 dwt Cosco Zhoushan-built Clemens Oldendorff is reported sold for $13.3m by a string of brokers. In November, a Chinese account sold a same-sized bulker, ...
US targets UAE-based Indian in latest Iranian sanctions The Trump administration's so-called maximum pressure campaign on Iran has turned its attention to Jugwinder Singh Brar, an Indian national based in the United Arab Emirates, who owns the companies Prime Tankers and Glory International. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Brar, saying he owns a fleet ...
World's largest ECA to stretch from Portugal to Greenland At this week's Marine Environmental Protection Committee (MEPC) meeting held at the International Maritime Organization (IMO), the world's biggest emission control area (ECA) has been agreed upon. The new Northeast Atlantic ECA, due by 2027, stretches along coastlines from Portugal to Greenland (see map below), joining existing nearby ECAs in the North Sea, Baltic Sea ...
The dangers of sea blindness Andrew Craig-Bennett reflects on Signalgate and the sale of Hutchison Ports, two events that highlight how ignorant most people are about all things maritime. There is a thing called sea blindness. It is not a disease of seafarers, like scurvy once was. It is not even a mental condition of seafarers, like channel fever still is. It ...
'Buckle up. This is going to get really bumpy,' warns LA port boss There is a lag between the tariff effect on loadings in China and imports at US ports. Containerships will arrive...
Sanctions and discounts fuel flurry of deceptive tactics to move Iran and Russia crude into China Russian and Iranian dark fleet tactics are adapting to new sanctions realities and growing market-fuelled demand from China
Leading Greek shipowners are sanguine on tariff impact Delphi Economic Forum hears that fallout for Greek shipping from US-provoked trade war should not be too severe ...
Estonian navy seizes flagless, sanctioned tanker heading to Russia The Estonian Navy has detained a flagless, UK- and EU-sanctioned tanker that was on its way to load in Russia...
CSSC's listed units report first-quarter profit surge Green ship orders fuel earnings at Chinese shipyards
Taiwan charges master of vessel accused of cable cutting The news follows an announcement by Taiwan's Maritime and Port Bureau that vessels flagged with 'blacklisted' registries, which are owned...
New guidance prepares shipping for unknown unknowns Leading industry bodies explain why there was a need for new Best Management Practices guidance and how this new document...
Clearer rights to pull vessels from war zones under updated BIMCO clauses VOYWAR and CONWARTIME 2025 iterations balance interests of owners and charterers
Newbuilding orders tumble across most sectors Long-term demand prospects for newbuildings remain strong because of the need for fleet renewal and more efficient ships
China strikes back with more tariffs but signals end to US 'numbers game' China has once again hit back with retaliatory tariffs on the US, but stated it will stop playing 'the numbers...
Colombian coal warning for capesizes Glencore company Cerrejon announced it was cutting its coal production in Colombia due to 'unsustainable' prices of thermal coal transported...
IMO approves historic carbon price agreement Updated: The IMO has approved a J9-style credit trading plan that could raise $30bn-$40bn by 2030, but could allow business-as-usual trading...
Daily Briefing Trump capitulates on non-Chinese tariffs, adding to shipping uncertainty | Trump moves to reclaim US maritime power with new executive...
IMO sets out path to decarbonize shipping after 'contentious' climate talks Although an agreement was reached on a greenhouse gas pricing measure, the Marine Environment Protection Committee meeting in London exposed deep divisions among member states on the way forward.
On-again, off-again tariffs will disrupt decision-making for importers No matter one's political viewpoint, the current tariff situation prevents importers and supply chain providers from making any medium- to long-term decisions related to investments or changes in sourcing patterns, writes Lars Jensen.
Congress makes fresh attempt to target cargo theft in US Cargo theft in trucking and on the rails has been a problem for years, but it's getting harder to combat as criminals become more sophisticated in their tactics.
Chevron's Venezuela exports hit new snag as Trump tariffs continue to bite Suspension of export loadings comes a day after Maduro declares national economic emergency
IMO chief insists carbon-cutting deal is good result for shipping's decarbonisation drive Arsenio Dominguez insists the industry remains on track to hit net zero by 2050
Idan Ofer buys into legendary professional cycling team as sports investments grow Israeli shipowner highlights value of sport as part of team and community-building in business
Shipping to miss net-zero targets despite groundbreaking deal, say critics Campaigners say the plans will need to be strengthened if they are to meet the ambitions of the global shipping regulator
Greek owner says charterers may be on the hook for controversial US port fees Experienced Hellenic player expects larger fleets to cope better with any measure against Chinese-built vessels
Container rates out of China flatten as ripples of US tariff policy spread Early peak season expected as shippers on non-China trades rush to beat 90-day tariff deadline
Serial Greek dealmaker Marios Gialozoglou pounces on tankers and ferries Piraeus owner drives up his prolific secondhand activity with new transactions from Teekay and MSea Capital tankers
Chinese teapot refiners stocking up on Iranian crude oil Sanctions hit on Thursday ahead of weekend talks between Washington and Tehran
Back from the brink: IMO votes for carbon price rules to sidestep US and Saudi hostility Impasse in consensus talks on climate rules broken by first vote on environmental rules for more than a decade
IMO approves new carbon rules through rare vote First time to vote on environmental issues since EEDI in 2010
Serial-flag-hopping tanker detained by Estonia over registry issues Kiwala has even flown the Mongolian flag in recent years
Peter Dohle heirs boost stake in fellow German owner Ernst Russ New shareholding structure shows family have tightened their grip
Leon Patitsas and investor EMF score huge profit with sale of car carrier pair Sale of newbuildings to AD Ports Group's shipping arm is another win for Greek-Danish partnership
Cosco car carrier built in just 200 days. Could a huge order wave arrive faster than expected? Clarksons says 16 ships have been delivered this year with another 52 on the way
China strikes back with 125% tariffs on US imports, claiming Trump charges violate economic trade rules and common sense Beijing says it will ignore additional US tariffs
Victims of $1bn Russian oil spill to miss out on immediate compensation IOPC Funds head says he is relying on satellite images for information about the extent of Kerch Strait disaster
Christiania Gas promotes shipping veteran to managing director role Rune Eriksen Lorentsen worked at sea and on shore before taking the reins at the LPG carrier owner
Greek manager says arrested Hermes-controlled bulker will soon be released in Singapore Ghassan Ghandour-owned company blames arrest on miscommunications and misunderstandings
Narrowing gender pay gap in shipping a 'slow burn', Spinnaker says Proportion of women in the UK maritime industry is dropping
Sanctions-busting tankers still discharging crude at China's Dongying oil terminal, says Kpler Oil consultancy reports at least four vessels went dark in the Bohai Sea before offloading their cargoes in April
Plunging stock markets threaten new marine insurance players, says Skuld boss Stale Hansen says insurers' investment portfolios have taken a big hit after the US imposed global tariffs
Sanctions-busting tankers still discharging crude at China's Dongying oil terminal, says Kpler Oil consultancy says at least four vessels have gone dark in the Bohai Sea before offloading their cargoes in April
Greek manager says arrested Hermes-controlled bulker will soon be released from arrest in Singapore Ghassan Ghandour-owned company blames arrest on miscommunications and misunderstandings
Yangzijiang Financial orders up to six bulkers as it shifts focus from tanker space Singapore-listed company moves on bulker series after choosing Chinese shipbuilder
Tariff fallout as imports edge up at Port of LA while empties soar The Port of Los Angeles saw imports modestly climb in March as frontloading and tariffs cloud the gateway's H2 outlook.
Weakened carbon tax on shipping approved Ship operators will have to pay a carbon tax on emissions beginning in 2028, but at a lower threshold than first proposed.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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