HD KSOE takes wraps off 15,000 TEU nuclear containership design HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an intermediary holding company for HD Hyundai's shipbuilding sector has obtained Approval in Principle (AIP) from the American Bureau of Shipping (ABS) for a
Virgin Islands operator takes delivery of new Incat Crowther fast ferry Virgin Islands operator Smith's Ferry Service has taken delivery of a new Incat Crowther designed 24-meter fast passenger ferry, the I Legend. Built by Brisbane, Australia, shipyard Aluminium Marine, it will transport
What caused $1.3M Three Girls fishing vessel fire? The National Transportation Safety Board (NTSB) has issued its report on an August 11, 2024, engine room fire aboard the fishing vessel Three Girls that led to an estimated $1.3 million in
Weekly Update: Container Shipping Stock Highlights The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions, geopolitical conflicts, and disruptions in global trade distribution have significantly affected the industry. Below are the weekly stock highlights of the container shipping sector: SITC International Holdings Co Ltd (1308) SITC Int
CMA CGM revamps Bora Med Service with new calls at Syrian ports CMA CGM's Short Sea Lines Division announced the reshuffling of the Bora Med Service (BMS) with the inclusion of Syrian ports in the rotation. The updated rotation began on 10 February from the port of Beirut. The BMS will now serve the Syrian market, providing a maritime link between Turkey, the Adriatic region, and the Eastern Mediterranean. The service will be operated by a fleet of six vessel
AI-Generated Magic of Valentine's Day Logistics Welcome to a delightful gallery of AI-generated images capturing the magic of Valentine's Day logistics! From charming containers brimming with colorful candies to elegantly packed gifts ready for delivery, these visuals celebrate the journey of love and sweetness. Whether it's heart-shaped treats, beautifully wrapped presents, or festive transport scenes, each image reflects the joy of sharing a
Gebrüder Weiss enhances presence in US with new Arizona facility Gebrüder Weiss has announced the launch of a new facility in Phoenix, Arizona, as part of its ongoing expansion in the United States. This location is expected to offer air and sea freight services, including customs clearance, as well as partial and full-load land transport solutions. The company is strengthening its presence in North America, particularly to cater to the growing trade between t
DP World Sokhna completes first passenger vehicle export shipment In a significant boost to Egypt's automotive industry, DP World has successfully managed the first-ever export shipment of passenger vehicles from Ain Sokhna Port. The roll-on-roll-off (ro-ro) vessel ULUSOY 5, operated by Khedivial Marine Agency (KMA) Egypt, recently set sail for Jebel Ali, Dubai, carrying 498 locally assembled Nissan Sunny cars. Following this initial shipment, DP World aims to
Nuclear Shipping Back in Discussion The quest for net-zero emissions in the shipping industry by 2050 is steering towards an innovative and promising horizon-nuclear power. With the maritime sector identified as one of the hard-to-abate sectors due to its significant carbon emissions, the integration of nuclear technology offers not just an environmental uplift but also a strong economic rationale. This content is locked Select a C
AD Ports Group reports annual financial growth AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending 31 December 2024. The year was marked by robust organic growth, both operationally and financially, supported by inorganic growth driven by acquisitions, including Noatum and GFS, according to the company's statement. AD Ports reported a stronger balance sheet with lower leverage,
CMA CGM introduces new intra-Mediterranean service CMA CGM's Short Sea Lines Division announced the launch of the Alexandria Express (ALYEX), a new intra-Mediterranenan service set to begin in mid-February. This weekly service, starting from Valencia on 15 February 2025, will provide a maritime link between Spain, Italy, and Egypt. The service will be operated by a fleet of five vessels, with a rotation that includes Valencia (Spain), Barcelona (
ONE names its first owned newbuilding vessel Ocean Network Express (ONE) announced a major milestone with the naming of ONE Sparkle, its first-ever owned and operated newbuilding container vessel. Jeremy Nixon, CEO of ONE, stated, "The naming of ONE Sparkle marks a significant achievement for our company. As our first owned newbuilding, this vessel highlights our dedication to sustainable shipping with its cutting-edge design and alternativ
Box carriers adjust intra-Asia routes Several container lines have announced changes in their intra-Asia services aiming to provide their customers with more efficient solutions. According to Dynamar, Asean Seas Line has revived its Japan-China JPX2 service, which is operated by a single 1,100 TEU vessel. The updated port rotation of the service is Osaka (Japan) - Kobe (Japan) - Hakata (Japan) - Qingdao (China) - Rizhao (China) - Osa
Green regulations drive up costs for liner operators in Europe Since the start of 2025, emissions-related surcharges have doubled on the Asia-North Europe container trade, according to Alphaliner, as carriers contend with the European Union's (EU's) stricter decarbonization measures. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container New
New boss at Bengal Tiger Line Singapore-headquartered Bengal Tiger Line (BTL) has announced the appointment of a new chief executive officer (CEO). Andrew Winter will take the helm of the company, replacing Bill Smart, who will be retiring, according to the latest DynaLiners report. Andrew Winter has been working for 24 years in various positions at X-Press Feeders, which, like BTL, is also owned by Chris Harnoll's HICO Inves
MSC to acquire 49% stake in Boluda Towage The saga of MSC increasing its stake in Boluda Towage, the tug division of Boluda Corporación Marítima, continues. According to the latest reports, the Swiss-Italian shipping giant is set to acquire a 49% stake in Boluda Towage. As part of the deal, MSC will merge its own tug division, MedTug, with Boluda, according to the latest DynaLiners report. Pending regulatory approval, the deal is expecte
Evergreen splits US$3 billion vessel order between South Korea and China Taiwanese container shipping company Evergreen has placed a major order for 11 LNG dual-fuel container vessels, each with a capacity of 24,000 TEUs. Evergreen has split its order between South Korea's Hanwha Ocean (six vessels) and China's CSSC Guangzhou Shipyard International (five vessels). According to Dynamar, the deal is worth between US$2.9 billion and US$3.2 billion. The consultancy descri
Port of Long Beach handles over 952,000 TEUs in January The Port of Long Beach kicked off the new year with its strongest January ever and its second-busiest month in history, driven largely by retailers rushing to move goods ahead of anticipated tariffs on imports from China, Mexico, and Canada. In January, dockworkers and terminal operators handled 952,733 TEUs, an astonishing 41.4% increase compared to the same period last year and an 18.9% jump ov
CMA CGM increases Far East - Mediterranean rates French shipping company CMA CGM has announced new Freight All Kinds (FAK) rates that will be effective from 1 March 2025 until further notice. These rates will apply to shipments originating from all main ports in the West Mediterranean, Black Sea, Adriatic, and East Mediterranean regions. The destination range will include all ports in Asia and the Far East, with additional surcharges applicable
Maersk and Castlery forge 10-year partnership Danish ocean carrier Maersk has signed a 10-year ocean and integrated logistics service agreement with Castlery, a Singapore-founded international furniture brand. Castlery plans future expansion in the coming years and believes the partnership with Maersk will be important in supporting this phase of growth. Maersk will provide end-to-end logistics solutions, covering ocean freight, intermodal t
Container lines enhance intra-Europe services Several box carriers have announced updates on their intra-Europe routes, aiming to optimize and strengthen their service networks. Later in February, Ocean Network Express (ONE) will launch the new Polish Shuttle (PLS), which will link Northwest Europe with Poland. The company will deploy one 1,100 TEU ship on the service that will call Hamburg (Germany), Rotterdam (the Netherlands), Gdynia (Pol
Cargotec reports profit margin growth Cargotec's annual financial results highlight notable developments in the company's performance over the previous year. The review shows that the comparable operating profit margin improved during the year. Orders received grew by 3%, reaching a total of US$1.565 billion, compared to US$1.52 billion in the previous year. However, the order book declined, amounting to US$672 million at the end of
cargo-partner enhances Spare Parts Logistics for Komptech To improve service speed and reliability for international customers, Komptech has optimized its spare parts logistics with the support of cargo-partner. The iLogistics
Pritchard-Gordon launches renewables business UK's Pritchard-Gordon group has entered the European offshore wind and marine renewable energy sectors. Best know for its tankers business, the group has established a dedicated entity, PG Renewables, which will initially focus on unexploded ordnance (UXO) identification, relocation and disposal services in the UK and Europe. PG Renewables brings together a team of with ...
Container spot rates slide to 2023 lows The container sector is heading into its normal post-Lunar New Year lull that typically lasts until April/May. The scale of the drops in spot rates is large, but the sector still remains one of the more profitable shipping sectors. The weekly Drewry World Container Index slumped 5% to $3,095 per feu yesterday. However, the index ...
MOL in vessel tie-up for domestic floating wind sector Japanese shipping giant Mitsui OSK Lines (MOL) has joined forces with Fukada Salvage & Marine Works to explore collaboration on transportation and installation vessels for floating offshore wind turbines. Floating offshore wind turbines are usually assembled at a port and towed to the installation site by anchor-handling vessels. After being towed to the installation site, ...
Chantiers gets maintenance deal for two French offshore wind substations The marine energy business unit of French shipbuilder Chantiers de l'Atlantique, Atlantique Offshore Energy, has won contracts to carry out preventive maintenance on two substations for future French offshore wind farms. The multi-year maintenance contracts will see Atlantique Offshore Energy provide associated services on electrical substations on the Éoliennes en Mer Îles d'Yeu et de ...
Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea. The accident happened late on Wednesday night near Egypt's Port Said. "The collision did not endanger the Harry S. Truman ...
UK government funding scheme set to boost offshore wind capacity The UK has announced the Clean Industry Bonus (CIB), a new incentive scheme looking to increase investments in the offshore wind sector and push the country closer to its goal of decarbonising its energy system by 2030. The scheme will provide an initial £27m ($33.5m) in funding for every gigawatt of capacity from offshore wind ...
Spire Global sues Kpler Spire Global is suing Kpler, claiming the Belgian tech firm has failed to follow through on its plans to buy Spire Maritime, an AIS data provider. On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business. Since then, however, Kpler has failed to consummate the ...
Rewriting Women into Maritime History initiative goes global The Lloyd's Register-backed Rewriting Women into Maritime History initiative to uncover and showcase the critical role of women in the maritime sector, past and present has entered a new, international phase. Launched in the UK and Ireland in 2023, the programme uses archival material held by maritime organisations, as well as oral histories to piece ...
Seafarer salaries and retention rates on the rise Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers' Survey by Danica Crewing Specialists has revealed. In its survey of in-house crew managers in shipowning and shipmanagement companies, almost 90% reported that they had increased salaries in 2024. Only 7% said they had not raised ...
MOL details trial of laser to remove rust and coatings Japan's largest shipowner has teamed up with a top yard and tech firm Furukawa Electric to trial a laser system to remove rust and coatings from a bulk carrier. Mitsui OSK Lines (MOL) worked with Tsuneishi Shipbuilding to use Furukawa's InfraLaser system when a bulk carrier went in for a regular dry dock. "During ship ...
How the IMO's Carbon Intensity Indicator could halve shipping's climate emissions Ahead of a big green meeting at the International Maritime Organization next week, John Maggs from the Clean Shipping Coalition writes on how getting a global fuel standard and levy over the l
Baltic tension simmers as Estonia says it is prepared to stop ships in international waters Estonia and other Baltic states are taking steps to prevent further attacks on undersea cables and other infrastructure
What you should know ahead of ISW-GHG 18 The IMO has two more opportunities to agree on a carbon price and greenhouse gas fuel standard before MEPC83 in...
Trump's 'massive' reciprocal tariffs plan is recipe for front-loading The National Retail Federation warns that Trump's newly announced reciprocal tariffs 'will be extremely disruptive to our supply chains'. There...
Let go of Unclos and we may never get freedom of navigation back You might just miss the rules once they are gone
The continuing trauma of the livestock carrier fleet as casualties persist Residents fear pollution from abandoned livestock carrier which remains aground after 10 months
High Court overturns arbitration award after 'substantial injustice' at tribunal Tribunal reached wrong decision because it considered paperwork alone, argues star KC Karia
Crew retention better in 2024, survey finds Danica Crewing Specialists' latest crew managers survey presents a slightly rosier picture in terms of shipping's crewing crisis, with retention...
Höegh Autoliners to boost fleet with chartered ships as high rates ease Höegh Autoliners chief executive Andreas Enger said global vehicle carrier markets are becoming more balanced in terms of supply and...
DP World plans stablecoin-based payment system to boost trade DP World's stablecoin payments technology aims to make cross-border financial transactions seamless, especially in emerging markets, which are usually in...
Bulk carrier in collision with US aircraft carrier The bulker sustained structural damage as a result of the incident and was held at Port Said while a damage...
Chinese state entity takes over sanctioned Zhoushan Wison shipyard Move highlights China's strategy of using state-backed capital to support companies affected by sanctions
The Daily View: Competing demands Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Hong Kong completes inaugural LNG bunkering operation Maiden LNG bunkering for Hong Kong marks progress towards its goals to supply cleaner fuels but port still trails regional...
Imperial Petroleum sustains 'profitable momentum' ahead of dry bulk expansion Debt-free fleet generated $50m in profits last year as cash in the bank rose to $207m
Daily Briefing Ukraine's Black Sea traffic stabilises in 2024, while Danube calls tumble | Fredriksen hit for costs after losing Arcadia action...
US LTL rates rising as industrial outlook, shipper confidence improve A 5.8% jump in the less-than-truckload producer price index in January accompanied growth in US manufacturing orders and output.
BCOs have plenty of 'noise' to contend with in container shipping market: analyst While carriers are progressively mastering the dark arts of blank sailings, inexplicable and/or unexplainable surcharges and other supply restraints and revenue enhancements, no amount of those tactics will be sufficient to deal with the oversupply of capacity once the Red Sea reopens, writes John McCauley.
Long-term contracts expected to lift ro/ro operators to healthy 2025 Continued strong vehicle trade will more than offset a first-half dip in high and heavy equipment movements, while executives say the impact from possible US tariffs on vehicle imports from Mexico and Canada would be minimal.
From MAC to FGA: Access Control Evolution Learn how integrating MAC, DAC, RBAC, and FGA can strengthen your application's authorization
Ocean carriers seek competitive edge in choice of green fuels Ship owners are having to make huge investments in vessels with a lifespan of over 20 years without a clear view of evolving regulations and technology that
Is Ukraine peace really a negative catalyst for product tanker owners? Shipowners argue against a return to 'dependence' and say dark fleet has 'one-way ticket'
Wavelength Podcast: Iran and closed door greenhouse gas talks to change shipping for ever Plus, P&I clubs transfer window set to close and the LNG bloodbath
'We want to win': Western Bulk CEO sees profitable year ahead after improved 2024 results But the bulker operator is 'pessimistic' about the market outlook this year
Product tanker stocks start weakly after Thursday's big sell-off 'They picked the wrong week,' says equity analyst of one shipowner's investor gathering
Western Bulk Chartering books improved results for 2024 Results show how much has been saved through job cuts and efficiency measures
UK delays maritime decarbonisation plans, further putting net-zero goals at risk Environmental committee 'disappointed' and 'frustrated; with government response
IMO headed for 'difficult discussions' as shipping and green groups call for carbon progress Some countries are not yet ready to support levy proposal
Blacklisted VLCC crude shipments from Middle East have doubled, says Tankers International But pools player says potential new US sanctionings could change this
Red Sea relief with Gaza ceasefire back on track after Israel hostage release list Fragile truce survives crisis, keeping Red Sea open for vessels still reluctant to sail through
Why tanker owners tempted to order less fashionable MR1 vessels should be rewarded Those with new ships in underinvested sector set to gain as fleet ages
Dark fleet tankers find fresh terminals willing to take sanctioned Russian and Iranian crude Berths in Dongying, Huizhou and Huangzeshan willing to take cargoes from blacklisted ships
Global Maritime Forum: How the IMO can construct a bridge to a zero-emission future A global fuel standard will not work alone, says director of decarbonisation Jesse Fahnestock
Spire Global sues Kpler for $241m to complete purchase of vessel-tracking division Court action comes after reports of antitrust concerns
Container lines brace for rate war after historic shake-up in alliances Biggest-ever shift in alliances brings a fresh fight for market share
Weaker demand hits Viking Line sales as market uncertainty clouds forward guidance Cruise and ferry operator saw falling passenger-related demand in latest quarter
KCC edges closer to scrapping three older ships as markets weaken Boss Engebret Dahm is still trying to find further trading options for Cabu vessels ahead of newbuilding deliveries
Golar FLNG conversion candidate berths in China for landmark job Completed, currently open floater due for handover at end of 2027
Container lines brace for rate war after historic shakeup in alliances The biggest-ever shift in liner alliances brings a fresh fight for market share
Clarksons highlights dividend and contract risk at Wallenius Wilhelmsen Analysts see risk-reward balance leaning towards the downside
Shipowners' Club takes on challengers for small ship insurance crown Simon Peacock says underwriting discipline has been key to premium freeze for 2025
Catastrophic reef oil spill prompts Pacific island nation lawsuit against shipowner and insurer Residents want compensation for what they say were devastating effects of 2019 grounding
EU carbon credit costs remain higher than any point in 2024 despite recent pullback Shipowners and operators should brace for possible price gains in 2026
No sign of major Red Sea shipping return yet, says Clarksons Head of research Stephen Gordon identifies range of factors influencing owners' next moves
'Bloodbath': LNG carrier market hits rock bottom amid bleak outlook for 2025 Lay-up chatter grows as hunt for upturn drivers draws a blank
Hoegh Autoliners share price nosedives after dividend miss and weak outlook Shipowner says geopolitical landscape is unpredictable and uncertainty has increased
Rising salaries improve seafarer retention rates, says crewing agency Shortage of 'competent seafarers' still a problem
Norwegian wealth fund raises bets on Frontline and Hafnia in $1.5bn shipping portfolio Government Pension Fund Norway returns 7.6% in 2024
Harry Vafias' Imperial Petroleum eyes fleet growth with 'enviable' $207m in the bank Athens tanker and bulker owner's earnings slip on weaker freight rates
'Errors and omissions': Financial watchdog details red flags on bulker owner Belships' books Norwegian supervisory authority cites problems with reporting of ship leases and staff bonuses
ONE marks Valentine's Day 'milestone' with first owned container ship newbuilding Vessel marks a new chapter for Japanese-owned liner giant
London calling: NorthStandard insider James Bean opens up on joining P&I's new guard The keen runner is the newest CEO among the 12-strong International Group
KCC's combination carriers beat tanker and bulker rates as profit falls in 'historically strong year' Norwegian owner continues to outperform both wet and dry markets
Only 11 days of talks left to decide economic tool charting shipping's path to key climate goals What is on the table as IMO ensures investment in new ships and tech aligns with its greenhouse gas strategy?
NRP Project Finance pays out $109m to investors in 'active year' Firm successfully cashed in assets and entered new projects in 2024 with strong deal flow expected this year
VLCCs 'particularly attractive' for investment, says Adnoc L&S executive Chief financial officer says big tankers are the most tempting, while key priority is logistics growth
Rocktree in deal to buy South American port services and river shipping company Investment firm Entrust Global's maritime fund provided private credit to finance deal
Rising seafarer salaries improve retention rates, says crewing agency Shortage of 'competent seafarers' still a problem
Evergreen Marine splashes up to $3.25bn on mega-size container ships Each of the 11 newbuildings are costing between $265m and $295m
Lawmaker blames FedEx pressure, Trump bungling for de minimis U-turn Rep. Rosa DeLauro says the Trump administration has retreated from removing a lucrative tariff exemption for low-value e-commerce goods made in China. In its haste to crack down on duty evasion and fentanyl smuggling, the White House made the situation worse, she says.
Air cargo delivers for Valentine's Day Cargo airlines have transported thousands of tons of flowers from South America and Africa to North America and Europe for Valentine's Day.
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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