EFC Group & Intermodal Tank Transport (ITT) announce their Indian joint venture - ITT Logistics India Pvt. Ltd.
Gujarat Junction 2025 to witness thought-provoking sessions, well-deserved recognitions and unparalleled networking opportunities this Friday in Gandhidham
Global trade to exceed $35 trillion for the first time this year; continued expanding in H2 despite constraints
Railways to run its first hydrogen train, says Minister
VLCC market seen strong through 2026-28: CMES
The digital backbone of Indian logistics: How real-time container tracking is reshaping trade efficiency
Charter market remained strong in 2025
India's GDP growth seen at 6.7 pc in FY26: OECD
Cascaded capacity reaches secondary trades in 2025
MOL PLUS makes first investment in Indian venture capital fund
U.S. adds more Venezuela-linked tankers to sanctions list The U.S. Treasury's Office of Foreign Assets Control (OFAC) yesterday issued new sanctions on the Venezuelan oil sector that included six shipping companies and six ships associated with them. This has led
Veteran Boston Harbor ferry Outward Bound returns to Gladding-Hearn for mid-life refit Originally delivered by Gladding-Hearn Shipbuilding, Duclos Corporation in 1995, the Boston Harbor ferry MV Outward Bound has returned to the Somerset, Mass., shipyard for a mid-life refit. Redelivery is planned for spring
Seaward Services wins Navy TSVRON support contract worth up to $77 million Hornblower Group member Seaward Services reports that it has been awarded a contract by the U.S. Navy's NAVSUP Fleet Logistics Center (FLC) Norfolk Contracting Department to provide qualified mariner and logistical support
Valaris books $300 million Shell drilling contract offshore Brazil Offshore drilling contractor Valaris Limited [NYSE: VAL] reports that Shell has awarded it a multi-year contract offshore Brazil for its drillship Valaris DS-8. The contract is expected to commence in the first
ABS simulation-based training module promotes fishing industry safety ABS has completed a four-year effort to develop a training module to enhance safety training in the commercial fishing industry. The project delivered a web-based training platform with materials focused on six
Flagship releases the bid package for San Diego's two new zero-emission ferries San Diego-based Flagship Cruises & Events reports that the shipbuilding bid package has now been released for the two all-electric, zero-emission ferries it plans to build (see earlier story). Released in partnership
Bengal Tiger Line joins Yang Ming's Vietnam service Bengal Tiger Line is set to join Yang Ming's SE8 service as a vessel provider later in December, marketing the service under the SHS name, according to Alphaliner. The service will operate with two vessels averaging 1,700 TEU, serving key ports in Southeast Asia and Vietnam. The rotation includes Port Klang, Singapore, Hai Phong, Singapore, before returning to Port Klang. The move strengthens reg
Hapag-Lloyd orders eight new dual-fuel methanol container ships Hapag-Lloyd has signed a contract with Chinese shipyard CIMC Raffles to build eight new container ships. Each vessel will carry 4,500 TEU. Deliveries are scheduled for 2028 and 2029. The investment exceeds USD 500 million. The ships will feature advanced dual-fuel methanol engines. They will be up to 30% more efficient than older ships in the same class. When using methanol, each ship can save up
Maersk reshapes Regional Leadership Team Maersk has announced several changes to its regional leadership structure. Executive Summary Ditlev Blicher becomes Regional President for North America. Scott Andrew Elliott becomes interim Regional President of Asia-Pacific. Charles Van Der Steene becomes Regional Managing Director for India, Middle East and Africa. Guillaume Sauzedde becomes Regional Managing Director for Europe. Maersk CEO Vi
Crowley appoints Megan Davidson as Chief Operating Officer Crowley has announced that Megan Davidson will succeed Ray Fitzgerald as Chief Operating Officer, effective January 1, 2026, as part of a planned leadership transition aimed at supporting continued operational excellence and long-term growth. Fitzgerald has served as Crowley's COO for more than five years, during which he played a key role in reshaping the company's operational structure and adva
COSCO launches Manaus-Asia Service COSCO Specialised Carriers (South America) Co., Ltd. is now officially operating in Manaus, Brazil, connecting the region to the Asian market with containers and general cargo from China. The first successful calls were completed by the vessels "Peng Bo" (62,000 DWT) and "CSPC Mercury" (85,000 DWT). Both vessels unloaded cargo at Chibatão and Super Terminais, marking a major milestone in regional
CMA CGM unveils methanol-fuelled ANTIGONE CMA CGM has taken another significant step in its energy transition with the naming of the CMA CGM ANTIGONE . The vessel joins the Group's growing fleet of dual-fuel methanol ships. Captain Zhang Zequan will command the vessel, while Harriet Wu, former CFO of CMA CGM China, served as the Godmother during the ceremony. The CMA CGM ANTIGONE will operate on the BEX2 service, linking Asia, the Middle
Interview with Constantine Komodromos, Founder and CEO of VesselBot In this interview, Container News journalist Antonia Saratsopoulou speaks with Constantine Komodromos, Founder and CEO of VesselBot, about the pivotal moments that reshaped VesselBot's mission, the scientific rigor behind its Digital Twin technology, and the complex data-integration challenges the platform was built to solve. Mr Komodromos also examines how high-fidelity operational emissions dat
AD Ports Group signs 440,000 sqm land lease with Azizi Developments AD Ports Group, through its subsidiary Khalifa Economic Zones Abu Dhabi - KEZAD Group, has signed a second 50-year land lease agreement with Azizi Developments. The UAE developer plans to invest AED 2 billion to expand its manufacturing and logistics operations in KEZAD. The new plots cover nearly 440,000 square meters. Azizi will build twelve factories on the site. The facilities will increase p
ONE adds Kendari to global network Ocean Network Express (ONE) has expanded its service coverage with the addition of Kendari, Indonesia (IDKDI) to its global network, strengthening connectivity for shippers in eastern Indonesia. The new offering includes a weekly feeder service to and from Kendari, providing seamless onward connections via Surabaya to major markets across South China, Thailand, the Philippines, Malaysia and Korea
Why behind DP World's rebranding lies an operations expansion strategy? DP World consolidates marine services under unified banner as it deploys record capital across 15+ high-growth corridors, signaling strategic pivot from tariff-exposed US-China routes
Belgium, LR and EXMAR advance ammonia fuel rules Lloyd's Register (LR), EXMAR, and the Belgian Federal Public Service (FPS) for Mobility and Transport have jointly developed interim guidelines that support the safe use of ammonia cargo as fuel on gas carriers. The Belgian FPS led the effort, supported by LR and EXMAR. More than two years ago, they secured an amendment to the IGC Code, removing rules that had prevented gas carriers from consumin
Drewry's World Container Index rises 2% Drewry's World Container Index (WCI) increased 2% this week to $1,957 per 40ft container. This marks the second straight weekly gain. Rising spot rates on Asia-Europe routes drove the increase, even as Transpacific rates declined. The rebound in Transpacific headhaul rates did not last. After a short recovery last week, spot rates fell again. Shanghai-Los Angeles rates dropped 7% to $2,103 per 40
A.P. Moller - Maersk names Robert Erni as new CFO A.P. Moller - Maersk has appointed Robert Erni as its next Chief Financial Officer and Member of the Executive Board. He will replace Patrick Jany, who steps down after six years in the role. Maersk CEO Vincent Clerc thanked Jany for his service and leadership. Jany will manage the year-end closing and the annual report, scheduled for release on 5 February. The handover will then take effect in Q
Could MSC replicate Amazon's competitive playbook? The European Commission's investigation into MSC's Barcelona terminal acquisition has exposed a strategic pattern that mirrors one of the most disruptive business models in modern commerce but maritime regulators may block the shipping giant before it completes the transformation
Containerships lead the global shift to alternative fuels The most advanced segment in maritime decarbonisation Containerships are no longer waiting for the future of alternative fuels; they are building it today. According to the latest live data from the DNV Alternative Fuels Insight (AFI) platform, more than half of the global containership orderbook is already capable of running on fuels other than conventional oil. 52.3% of the orderbook by gross t
New anti-corruption campaign rolls out across Asian and European hubs The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indonesia, Malaysia and Germany. The programme-"Transparent Trade Routes: Strengthening Integrity in Maritime Supply Chains"-is backed by funding from the Siemens Integrity Initiative. MACN said the new project builds on more than six years of c
Lukoil halts output at major Caspian field after Ukrainian drone attack One of Russia's two biggest oil producers Lukoil has stopped production on a platform on the Vladimir Filanovsky field after a strike by four Ukrainian aerial drones. According to media reports quoting the Ukrainian Security Service, this was the first time a drone struck a Russian oil platform in the Caspian. The V. Filanovsky field, ...
NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan's biggest shipping lines - Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) - have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches back a quarter of a century. The proposed settlement, announced in London ...
Solstad Maritime sells CSV to Global Marine Group Norwegian offshore vessel owner Solstad Maritime has sold one of its construction support vessels (CSV). Solstad said that the Global Marine Group, the current charterer of the 2001-built Normand Clipper CSV, declared its purchase option for the vessel. Delivery of the vessel to the new owner will take place at the end of the firm ...
Shell books Valaris drillship for 800-day Brazil campaign New York-listed offshore driller Valaris has won a contract for one of its drillships from supermajor Shell. Valaris stated that the UK firm hired the 2015-built drillship Valaris DS-8 for work on the company's Orca project, formerly known as Gato do Mato, offshore Brazil. The rig is currently operating in the country under a contract ...
GE Vernova and Seatrium win deal for TenneT's 2.2GW converter platform GE Vernova and Seatrium have been awarded a contract by TenneT for work on BalWin5, a 2.2GW offshore HVDC grid connection, that will transmit electricity from offshore wind farms in the German North Sea to the onshore transmission network in Germany. Once operational, BalWin5 is expected to provide enough renewable electricity to power approximately 2.75m ...
Element Shipmanagement enters dry Greek owner Element Shipmanagement has moved into the popular handysize segment, reshaping its once pure-play container strategy. The Piraeus-based outfit made its first move outside containers since its humble start in 2012, picking up the 35,000 dwt Union Groove from fellow Greek owner Union Commercial for $13.6m. The ship is now renamed LM Demeter. Element ...
Hanwha becomes Austal's largest shareholder South Korea's Hanwha Group has secured approval to lift its stake in Austal to 19.9%, becoming the Australian defence shipbuilder's largest shareholder in a move expected to reshape naval-industry cooperation between Seoul, Canberra and Washington. Australia's treasurer Jim Chalmers confirmed the decision on Thursday, following a review by the Foreign Investment Review Board. It follows ...
Splash Wrap: Raids, record orders and rewired trade US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too. China's state-run shipping COSCO, the world's largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with yards under China State Shipbuilding Corp (CSSC), sealing ...
Liner operators acting as if they expect strong 2026, not slump Market watchers have been expecting the container lines to fall prey to cyclical overcapacity since 2023. It hasn't happened yet...
Venezuela tanker seizure is unexpected twist to advent calendar Politics sometimes does open the door to the chocolate
One Hundred People 2025: Influence in an age of diminishing power Shipping's influencers still matter, but their sway is narrowing. Big bets on future fuels and efficiency collide with a global...
Imperial Petroleum eyes further acquisitions Proceeds from recent $60m direct offering will be used to expand fleet, says Vafias
Greek owner Altomare was target of Iranian hackers, tanker identity theft Separate sets of leaked documents indicate that recently sanctioned Greek shipowner Altomare was the target of cyber attacks from Iranian...
EU states may 'inspect living daylights' out of the shadow fleet next year Shipping exposure to political conflicts will continue in 2026
Hapag-Lloyd confirms first methanol dual-fuel newbuildings order in China Hapag-Lloyd's latest newbuilding order was first mooted in November following the announcement of plans to order up to 22 new...
Least-worst outcomes as good as it gets with emergency responses, Sosrep argues Wide variance in how countries handle casualties
Hartmann Group orders first methanol-fuel cement carrier backed by Norway's NOx Fund Newbuilding is backed by a 10-year time charter to Heidelberg Materials and is supported by $5.9m worth of NOx Fund...
US sanctions derail Qingdao Port's asset consolidation as Rizhao deal falls through It is the latest setback to Shandong Port Group's asset consolidation drive amid tightening controls on sanctioned oil trades
Emerging economies to play a bigger role in international trade in 2026 and beyond Container carriers must be nimble and pivot as geopolitics sways sourcing origins says Maersk
Can the US live with net zero? Shipping awaits an IMO deal it can believe in Can the IMO craft a climate deal that satisfies US energy interests without sacrificing real emissions cuts?
Animal groups urge IMO to crack down on substandard livestock carrier fleet Without global action, the groups warn, the ageing fleet will continue to operate at 'high risk of failure until the...
Top 10 in ship finance 2025 BNP Paribas has consolidated transport lending under Bertrand Dehouck, who now oversees the world's largest shipping portfolio, valued at about...
The Daily View: Shadow fleet resilience
Hengli secures eight-vessel newbuilding block ahead of year-end Simandou ramp-up and tanker bull run are driving newbuilding interest
Daily Briefing A peace deal doesn't mean the end of the shadow fleet | Regional carbon prices may not be all that...
Maersk picks new CFO, reshuffles some regional chiefs Robert Erni, who will step into the CFO role after the ocean carrier reports fiscal 2025 results in February, has 30 years of experience in financial roles across the logistics industry.
Inland rail connectivity key to Port of Long Beach growth: new CEO Noel Hacegaba says more efficient intermodal rail service to the US interior will help Long Beach grab a greater share of imports from Asia that move to major distribution hubs such as Dallas and Chicago.
Australian government action needed to curb soaring terminal charges: regulator The Australian Competition and Consumer Commission issued a report Friday that found terminal operators were making "historic" profits while their investment in infrastructure lagged far behind.
Hapag-Lloyd to expand feeder fleet with new methanol-ready ships The Hamburg-based carrier is investing $500 million on eight newbuilds and adding 14 newbuild charters, with the overall goal of making its fleet more fuel efficient and reducing carbon dioxide emissions.
NYK, MOL to pay $72 million to settle UK vehicle shipment claims The two Japanese vehicle carriers are the last to agree to a settlement figure in a long-running price-fixing case.
Policy shift clears way for surge in Mexican mining projects, cargo activity A surge in project cargo demand is expected as delayed mining projects in the country start to come onstream in the coming years.
Turkish ropax in flames after Russian strike on Ukrainian port Turkey calls for end to Ukraine-Russia war amid threat to Black Sea shipping
'Pivotal' year ahead for shipping decarbonisation, legal expert says Reed Smith partner stresses pressure is on to meet targets despite IMO net-zero setback
Cosco mega-order: CSET details 19 tanker newbuildings worth $1.12bn Haul comprises one ethylene carrier and a raft of different crude and product tanker types
Wavelength podcast: Venezuela is on Trump's mind Plus, unexploded drone risks in the Black Sea and watching a hull being cleaned close up
Greek owner Oceanstar stirs into action with rare purchase of Japanese-built ultramax Low-profile company is making its first expansion move in several years
Wavelength podcast: Venezuela is on Trump's mind Plus, unexploded drone risks in the Black Sea and watching a hull get cleaned close up
Nordic American Tankers trumpets latest deals amid suezmax scarcity Norwegian owner touts quintet of fixtures as earnings cool for suezmaxes
Greek tanker saves castaways in dramatic Mediterranean rescue Commercial vessels are frequently called to help when migrant boats get into trouble
Divided African states seek to unite for next IMO climate talks Unification needed to gain benefits of Net-Zero Framework and funding to decarbonise shipping
Trump's high seas tanker seizure brings new dimension in US sanctions enforcement Operators in sanctioned trades now face threat that long arm of US will reach their vessels directly
Geopolitics rears its head in shipbuilding with tanker buyers sensitive to port fees US charges forced owners to push the pause button on ordering for much of the year, BRS Shipbrokers says
Flex LNG forecasts fresh 'newbuilding boom' Prices expected to firm back up to $260m and beyond
Hapag-Lloyd inks $500m order for eight methanol dual-fuel vessels Carrier also inks long-term charters of 14 feeder newbuilds
Delivery of Exmar's first ammonia-fuelled vessel set to chime with regulatory approval Design tweaks push pioneering gas carrier delivery into second quarter
BW LNG mulls pioneering three-tank LNG carrier design for newbuildings But final decision dependent on charter discussions
Lloyd's Register threatens striking staff with 75% pay cut, union claims Class society says action by Nautilus members is premature and disproportionate
NYK, ABS, Eneos and Seacor team on methanol bunkering for US Quartet aim to set up first commercial ship-to-ship supply on Gulf coast
Pappas family expands boxship bet with fresh newbuilding plan Private family firm Oceanbulk firms up order for feeder pair and signs letter of intent for another
Vafias-led Imperial Petroleum primed for further growth after $60m capital tap Diversified, US-listed owner posts higher profit amid expanding fleet
Ferry crashes into old post office on Norwegian island Norled vessel makes headlines for all the wrong reasons
Wallenius Wilhelmsen downgraded at Arctic amid caution on car carrier market Stock falls 2% in Oslo after cut to hold
Solstad cashes in construction ship as it refinances $680m debt pile Norwegian owner offloads the 2001-built Normand Clipper to charterer Global Marine
Cash-strapped Golden Energy Offshore to tap investors and sell ships to pay bills Owner to sell at least two vessels in near-term to improve liquidity
Taylor Maritime shareholders to bank $150m windfall after sale of 50 ships UK-listed operation to evaluate strategic options next year
Shipping giant Maersk brings in new finance chief as Patrick Jany leaves Experienced logistics executive also joins the executive board of Danish giant
US draws up hit list of Venezuela-linked tankers as more seizures planned Sources claim further interceptions are expected in the coming weeks
Tschudi family extends shipping legacy without any vessels as fifth generation steps in Henry Tschudi joined family business earlier this year
MOL makes first investment in Indian venture fund Theia Ventures fund focuses on energy transition, deep tech and material science
Legendary polar supply vessel set for auction after hybrid training/research role fails to pan out The SA Agulhas has been under arrest since cadet training and research venture hit financial roadblocks
'Complete change in the marine sector': Toll launches Singapore's first hub for electric supply vessels Project aims to cut emissions and shape future harbour craft rules
US sanctions six VLCCs as Trump ramps up pressure on Venezuela White House press secretary says US will not stand by and let sanctioned ships sail the seas
Long and winding road: How a sanctioned Russian cargo reached China The aframax Fortis reaches China after a rare ship-to-ship transfer off India
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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