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APRIL 17, 2025

Evergreen Marine Corp. (Taiwan) Ltd announces South East Asia-East India (CIX7) service Cargo traffic on National Waterways hits record high in FY 2024-25 You Ask We Answer DP World announces Bharat Africa Setu with the aim of doubling India-Africa trade Global growth seen slowing due to trade tensions MSC boasts a fleet of 900 container vessels Exporters prepare for freight rates hike, container shortages Services drives healthy growth in overall exports in FY 2024-25; marginal rise in merchandise shipments India likely to reduce tariffs on half of US imports Apple touches freight on board production of $22 billion in India in FY25

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APRIL 17, 2025

Throughput on the rise A silk road in the Mexican skies Joining IT forces to secure port flows Another step in 'buy and build' New chief legal officer at C.H. Robinson 4RCargo expanding with office in Bratislava Changing port congestion trends Seifert Logistics reaches record revenues Designwerk tracks energy use Girteka Europe West - new CEO, new name Iquique expects delivery of very large equipment "Curiosity of the Day" Grundhöfer boosting fresh logistics GW handles spring surge

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APRIL 16, 2025

'Tariff madness' will prompt renegotiation of ocean shipping contracts White House moves create yet more stormy water on the transpacific JB Hunt doesn't shine - but the Darren Field show is unmissable Hongkong Post suspends services to 'unreasonable' and 'bullying' US DP World Nhava Sheva wins new service after concession dispute is settled Business case for commercial use of the Beluga 'was not there', says Airbus Nuclear-powered containerships may be hitting the water sooner than we think MSC fleet now 900 vessels-strong

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APRIL 16, 2025

Gulf Craft acquired by autonomous vessel innovator Saronic Austin, Texas, based autonomous vessel start up Saronic has acquired Franklin, La.-based shipbuilder Gulf Craft. It says that, with the acquisition, it gains a strategically located shipyard on the Gulf Coast that Ship Repair USA: Charting a course through compliance When it comes to running a shipyard, navigating regulations and compliance can sometimes feel more complicated than navigating open water. One area that continues to challenge even the most seasoned operators is FRS Clipper to get a new high speed whale watching catamaran Seattle-headquartered ferry and excursion vessel operator FRS Clipper Inc. reports that it will receive an advanced newbuild whale watching catamaran next year. The newbuild multi-million dollar high speed vessel, built by Mavrik NTSB says shore based firefighters need ship fire training Following an April 15 in-person public board meeting held April 15, the National Transportation Safety Board recommended Tuesday that land-based firefighters be better prepared for marine vessel firefighting following the July 2023

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APRIL 16, 2025

DP World broadens Unifeeder's horizons with African investments Markets on the African continent are developing fast as ports and logistics companies develop the shorelines and connect countries in the interior. DP World, through its ports and terminals business, is developing ports in Senegal and the Democratic Republic of Congo (DRC) on Africa's western seaboard and in Somalia and Tanzania in the continent's east. "We are committed to Africa," Ganesh Raj, g MSC steamrolls toward 1,000 ships MSC has reached another milestone, with an operated fleet of 900 boxships, according to Alphaliner's report, comprising 609-owned and 292-chartered vessels. Alphaliner noted that the Geneva-based company has become the first global container line to reach such a fleet. With 132 vessels on firm order, MSC could be closing in on the 1,000-ship mark in the coming years. The MSC's groupwide fleet als AD Ports conducts first LNG ship-to-ship bunkering at Khalifa Port AD Ports Group has successfully completed its first ship-to-ship liquified natural gas (LNG) bunkering operation at Khalifa Port, marking a significant milestone in Abu Dhabi's emergence as a hub for sustainable marine fuels. The operation involved the container vessel MSC Thais, docked at Abu Dhabi Terminals, receiving LNG from the bunker vessel Green Zeebrugge, supplied by marine fuels provider Port of Oakland appoints first Director of Utilities The Port of Oakland has appointed Andre Basler as its first-ever Director of Utilities, a newly established executive-level position created to lead the Port's evolving Utilities Division. This appointment comes at a pivotal time as the Californian port advances major infrastructure upgrades and transitions toward zero-emission operations. In this new role, Basler will oversee the full scope of t

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APRIL 16, 2025

V.Group takes on management of International Seaways LR1 newbuilds UK-based shipmanagement and marine services giant V.Group has secured a deal for six LR1 tanker newbuildings that US owner International Seaways expects for delivery from South Korea's K Shipbuilding. The René Kofod-Olsen-led company will be responsible for full technical and crew management of the scrubber-fitted, LNG-ready sextet. The LR1s will be delivered over a 12-month ... Vertom seals 15-year deal for newbuild quartet Dutch shipping group Vertom and Norway's Strand Shipping have landed a 15-year charter deal with aquaculture feeds producer Skretting for four diesel-electric newbuilds. The vessels that will be deployed for the import of raw materials have been designed to reduce the environmental footprint of Skretting's supply chain. The newly designed units feature energy-efficient hulls and ... Blystad PSV scores Shell fixture Norwegian shipping investor Blystad Group has seen its platform supply vessel secure employment for up to six months in UK waters. The 2010-built Songa Commander, commercially and technically managed by Remøy Shipping, has been fixed to Shell for three months firm at an undisclosed dayrate. Offshore brokers report the contract, which starts in April, comes ... Döhles increase their shareholding in Ernst Russ The Döhle family has increased their stake in Ernst Russ, a leading German non-operating containership owner. Financial filings tracked down by Alphaliner show the family has increased its stake in the company from 54% to 75.3%, after younger members of the family, Jan Döhle and Jost Döhle, increased their share. Their father, Jochen Döhle, retains ... Pronounced spike in low-level crimes in the Singapore Strait The ICC International Maritime Bureau (IMB) has revealed a rise in global piracy and armed robbery incidents in the first quarter of 2025 - driven by a spike of incidents in the Singapore Strait. A total of 45 cases of piracy and armed robbery against ships were recorded in the first three months of 2025 ... Sapura Energy finds work for five offshore vessels Malaysian offshore services player Sapura Energy has won several vessel contracts worth around RM100m ($22.6m) in Malaysia and Thailand. Sapura Energy will be providing 200-pax-capacity workboats, KPV Redang and Sapura Duyong, for offshore operations in East Malaysia. The contract for the former began in February and will last for one year, with an optional one-year ... BW Energy sets aside $107m to boost production from Brazilian deepwater field Oslo-listed BW Energy has made a final investment decision for the Golfinho Boost project, aiming to increase incremental oil production from 2027 by 3,000 barrels per day. According to the company, the project will also increase uptime and reduce operating expenses at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting ... Lithuania to restart 700MW offshore wind tender The government of Lithuania is undertaking preparatory work to relaunch a tender for the development of a 700MW offshore wind project in the Baltic Sea. The tender was suspended in January to ensure that the impact on final electricity prices was minimised. The tender was launched for the second time in November 2024 after its ... Keyfield enters cablelayer market Malaysian OSV owner Keyfield International is expanding into the new offshore services market with the acquisition of a cable-laying barge from Taizhou Sanfu Ship Engineering. The Kuala Lumpur-based accommodation workboats specialist is paying $22.55m for the 98-m-long vessel named Keyfield Blessing. The acquisition will be fully funded using Keyfield's internal funds and closed by the ... BW Epic Kosan announces Maltby successor BW Epic Kosan has promoted its chief commercial officer, Jakob Bode, to the position of CEO, taking over from Charles Maltby at the gas owner. Andreas Sohmen-Pao, chairman of the board of BW Epic Kosan, said: "We are very grateful to Charles for his dedication and for the successes under his leadership as executive chairman ... Japanese and Korean yards with investments in China on edge With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date. Trump's tariff war against China late last week backtracked as his administration took on advice from the ... Jaldhi Overseas moves for chemical tanker newbuilds Singapore-based owner Jaldhi Overseas has moved to bolster and renew its chemical tanker fleet with six stainless steel newbuilds from Japan and China. The shipping arm of India's Bothra Group has contracted Asakawa Shipbuilding for two 26,000 dwt stainless steel chemical carriers and one 20,000 dwt unit at Fukuoka Shipbuilding. The vessels delivering in 2027 ... Belgium's Somtrans in for LNG bunker newbuild Belgian owner Somtrans has been linked to a newbuilding move in the LNG bunker segment. Brokers have named the Wijnegem-headquartered company behind the most recent order for a 20,000 cu m vessel at China's Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The Somers family-run operator of about 25 inland tanker barges should see the ... Final Geneva Dry tickets for sale With delegate passes selling at a rapid clip, and overall participation already up by 26.67% over last year's inaugural edition, the organisers of Geneva Dry are warning that the event is set to be sold out in the coming days. There are less than 20 tickets left for sale. This year's biggest dedicated dry bulk ... Sumitomo Mitsui Trust Bank invests in Hayfin Japan's Sumitomo Mitsui Trust Bank (SuMi TRUST Bank) has invested in London-based Hayfin Capital Management's Maritime Yield strategy, bringing total strategy commitments to over $620m across the commingled fund and related separately managed accounts. The investment is the latest addition to the $400m in capital commitments raised for the fund in 2023 and has taken ...

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APRIL 16, 2025

Ofac sanctions major 'teapot' refinery and Iran 'shadow fleet' tankers amid nuclear talks While US-Iran talks are ongoing, Washington continued its pressure campaign on Iran, the 'shadow fleet', and Chinese purchasers of Iranian... Leading shipping lawyer John Papapetros dies in Greece A member of the Athens Bar since 1984, Papapetros was also a vice-chairman of the maritime committee of the International... Boxship chartering at crossroads, awaiting Trump policy fallout Tariffs on China imposed by US President Donald Trump will reduce vessel demand, a negative for containership charter rates. The... Thessaloniki port posts record results Northern Greek gateway boosts container throughput by 9% as it prepares to implement key project to increase capacity E-methanol start-up positively surprised at IMO result The IMO carbon price is not strict enough on its own to favour e-fuels, but its potential for vast subsidies... Seafarer minimum wage to increase by more than 6% From January 1, 2026, seafarers will be entitled to a minimum of $690 per month, rising to $715 on January... ITIC offers big cashback to renewing members No general increase at Thomas Miller-managed marine mutual 'Rushed' Swedish investigation says no evidence bulker deliberately damaged cable A scenario where the crew did not notice an anchor lowered by accident for one and a half days has... Report recommends better fire safety training Firefighters responding to vessel fires in port need specialised training. Report also recommends better access to fire boundary control panels February slump raises red flag for container demand Global container demand saw a significant downturn in February, exceeding the usual decline expected during the Chinese New Year period... Vessel followed by armed persons in Gulf of Aden The vessel is proceeding to the next port of call and all crew are safe The Daily View: The wrong kind of trade disruption ContainersPolitical Risk and TradeUnited States DHT sells two older, China-built VLCCs New York-listed VLCC owner DHT has sold two of its older VLCCs, which were also its only China-built vessels Daily Briefing CII review talks spark outrage at IMO | New IMO framework gets cautious industry welcome | Transpacific poised for fall...

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APRIL 16, 2025

US exporters see rise in canceled orders from Chinese buyers amid tariff standoff The export decline is already showing up in some data, with bookings for US exports to China for the week of April 8-15 down 5.4% from the prior week. Port of Seattle sues city council to halt possible development project A lawsuit filed this month by the port authority claims the council's recent rezoning of industrial land could eventually lead to the development of residential units and an increase in vehicular traffic in the harbor area. US exporters see rise in canceled orders from Chinese buyers amid tariff war The export decline is already showing up in some data, with bookings for US exports to China for the week of April 8-15 down 5.4% from the prior week. J.B. Hunt customers waiting for 'dust to settle' on tariffs But the largest US intermodal provider said customers have not yet meaningfully adjusted their freight forecasts, and shippers continue to tender the quantity of loads outlined in their contracts. Europe on alert to track any wave of diverted Chinese imports With the door to US trade effectively slammed shut by tariffs, Chinese manufacturers are urgently looking for alternative markets in which to offload their surplus inventory.

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APRIL 16, 2025

At the Greer trade deadline, two US-listed shipowners may be watching extra closely This week's Streetwise takes a look at how the US trade representative might approach China and port fees Apontes reportedly mull carving Panama ports out of $22.8bn CK Hutchison deal MSC Group leaders aim to move forward with remaining 41 ports in deal US ratchets up sanctions on Iranian oil trade as Trump mixes deal talk with 'maximum pressure' Treasury Department sanctions five tankers and an oil terminal in China, and it issues new guidance seeking port bans for shadow fleet vessels Chinese buyers of US LNG looking at long-term structures to offload their volumes Poten analysts discuss Trump's proposed trade fees against China and say a US-built LNG carrier would cost over $400m Aponte's MSC becomes first liner operator to achieve 900-vessel fleet Orderbook puts company on track for 1,000-vessel milestone Specialist London marine insurer snapped up by Markel Group Meco Group provides protection and indemnity cover for charterers and small vessel owners Global seafarers achieve 'landmark' minimum wage increase ILO basic pay will see 2.5% boost starting January 2026 VLGC rate recovery continues as US-Asia price gap stretches further Rates climb back to $35,000 per day after slumping last week Dutch owner Vertom orders four diesel-electric ships backed by 15-year charters Eco ships will carry aquaculture nutrition for Norwegian producer Skretting Bahrain set to receive first LNG cargo in over five years Gulf country has ambitions to grow its imports Torm tanker delivers first diesel export cargo from Mexico's big new refinery MR vessel headed to US and Puerto Rico with ultra low sulphur diesel barrels Fatal US ship fire probe calls for rethink on shore-based firefighter training Two firefighters died tackling a blaze during loading operations for Grimaldi vessel Chinese tankers 'off-limits' in sluggish time charter market, broker says Uncertainty over US port fees compounds disconnect in muted term sector 'Heading in wrong direction': Container ship emissions hit all-time high Data raises fundamental questions whether the IMO's target of net zero is remotely achievable, says analyst Greek shipowners return to Russian tanker trade as oil price plunges Squeeze on shadow fleet through sanctions has increased importance of European-owned tonnage for Russia Rio Tinto iron ore production slumps to lowest level in over half a decade Major dry-cargo charterer's iron ore activities were impacted by extreme weather in the first quarter Historic first cargo departs BP's GTA project as Golar FLNG unit swings into use Mauritania and Senegal join ranks of LNG exporters Expanding Greek shipowner Perosea resumes tanker buys with former Norden vessel Perogiannakis family outfit steams ahead with growth plans Looming US tariffs see transpacific rates soar, says OOCL Big jump in Asia to US shipments contrasts with single-digit growth on other key trades Vale iron ore production drop mirrors fluctuating capesize market Miner continues to give cautious outlook for 2025 'Very low' price levels tempt cash-rich buyers back to product tankers Brokers report strong interest from Asia, but caution is rising due to trade wars 'Natural and timely step': Stena Bulk shifts five suezmaxes into Swedish flag Owner says regulatory issues in its home country are being worked out TS Lines profit jumps after move into lucrative longhaul trades Profits soar for Hong Kong stock exchange's newest liner operator V.Group scoops management deal for six International Seaways tanker newbuildings UK manager assuming technical and crew duties for dual-fuel ships Shots fired as pirates stalk bulker in Gulf of Aden for two hours Security companies report piracy incident involving Palau-flagged ship Shell eyes lay-up of diesel-electric LNG carriers as market wallows Shipbroker Fearnleys expects a significant number of idle vessels may undergo 'extended lay-ups' Greek newcomer snaps up second product tanker from Premuda Vyron Vasileiadis company adds tonnage while clients of Italian operator offload theirs Trump trade turmoil to boost Tufton Assets tankers and bulkers, shipowner says But London-listed fund sees earnings dip in weaker first quarter Stolt-Nielsen takes full control of Avenir LNG and pursues delisting After buying out Golar and Hoegh, attention turned to smaller shareholders No evidence Chinese bulker broke Baltic cables deliberately, probe finds But delayed and limited access to vessel made investigation more difficult, Swedish report says How DNK's 'casualty corridor' is leading shipping to make smarter decisions Norwegian initiative to reduce risks is being picked up by the industry BW LPG gas trading division posts loss as it battles 'unprecedented' volatile markets Shares drop 2.1% in Oslo after 'soft' update Aponte's MSC on track for 1,000-vessel milestone, latest orderbook shows Orderbook puts Gianluigi Aponte-controlled company on track for 1,000-vessel milestone 'Unprecedented markets': BW LPG gas trading division posts negative result in volatile world Owner starts buyback programme with purchase of $2.7m shares Stock awards boost Andi Case's Clarksons stake above $35m after record year Shipbroker CEO handed share options as part of long-term incentive plan and 2024 bonus settlement Nordea's shipping loan book falls as clients pivot to bond financing Tanker loan volume dropped at Nordic lender Change of guard at BW Epic Kosan as CEO Charles Maltby steps down Veteran executive to be replaced with gas carrier owner's chief commercial officer Jakob Bode Avance Gas pays out final $56.7m dividend as it plots delisting Company proceeds with winding-up process after selling gas fleet last year Aponte's MSC on track for 1,000-vessel milestone, latest orderbook shows Orderbook puts Gianluigi Aponte-controlled company on track for 1,000-vessel milestone LNG supply to inch up in next six months with bulk destined for Europe, Kpler says Easing of sanctions against Russia could add 9m tonnes to global volumes HMM hunts container ship newbuilds with huge war chest after SK Shipping takeover South Korean shipping giant sets aside $13.5bn to grow container ship business

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APRIL 16, 2025

FedEx begins its first direct Singapore-US air cargo service FedEx has added another link to its deferred air cargo network with regularly scheduled all-cargo flights from Singapore to Alaska. Analyst warns of 'carnage' on shifts in container shipping Record capacity and rising rates on some routes signal shifting dynamics in global container shipping, an analyst says. C.H. Robinson delivers on AI, but investors still skeptical Despite processing over 3 million tasks with generative AI, C.H. Robinson's stock continues to face pressure amid a sluggish freight market and investor caution. Hongkong Post to stop handling US-bound packages amid tariff conflict Hong Kong is suspending postal service for packages destined for the United States as the trade war between China and the U.S. heats up.