FMD celebrates its acquisition of Rolls-Royce Naval Propulsors business Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has finalized its acquisition of the Rolls-Royce Naval Propulsors business. This milestone was celebrated at the newly acquired Pascagoula, Miss., foundry,
Seabound onboard carbon capture will be key to innovative cement carrier project U.K.-based marine carbon capture innovator Seabound reports that it has launched a first-of-its-kind onboard carbon capture project on a 12,000 dwt cement carrier The project is being carried out in partnership with
WinGD X-DF-A in ammonia-fueled engine world first Taking ammonia engines into a shipbuilding reality, CSSC's Swiss-headquartered WinGD subsidiary has become the first engine designer to have an ammonia-fueled two-stroke marine engine delivered and installed. The X52DF-A engine in question
BIMCO Shipping Number of the Week: Chinese shipyards' market share drops from 72% to 52% amid USTR concerns "In the first half of 2025, China's share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further amplified by a drop in global ship contracting and a shift in the types of ships being ordered," says Filipe Gouveia, Shipping Analysi
BNSF launches fast-track intermodal service BNSF Railway has rolled out a new expedited intermodal service connecting Los Angeles and Houston, offering third-day delivery and a strong alternative to traditional over-the-road (OTR) transport options. The service, which officially began operations on July 10, runs between BNSF's Hobart intermodal terminal in Los Angeles and its Pearland facility in the greater Houston area. According to BNSF
Why Shipping Companies are Finally Ditching Paperwork for Digital Payments When cross-border payments fail 11% of the time, costing the shipping industry $3.8 billion in lost sales during 2023 alone, you'd think freight companies would be rushing toward digital alternatives. Yet here we are, watching an industry worth trillions move at the pace of paperwork while Bitcoin price USD fluctuations capture headlines and Panama's mayor suggests crypto could speed up canal tra
ClassNK rolls out Fleet Cost Simulation tool ClassNK has introduced a new digital service aimed at helping shipping companies estimate and plan for the financial impact of upcoming environmental regulations. The tool, called "ClassNK Fleet Cost Simulation," is part of the classification society's broader Transition Support Services and is designed to support the industry's shift to low- and zero-carbon fuels. As the regulatory landscape con
DHL Group announces management board changes DHL Group has announced key leadership changes set to take effect on August 16, 2025, following a decision by the Supervisory Board of Deutsche Post AG. Oscar de Bok, currently CEO of DHL Supply Chain and a member of the Management Board since 2019, has been appointed CEO of DHL Global Forwarding, Freight, succeeding Tim Scharwath, who will retire. To fill the resulting vacancy, Hendrik Venter, c
HACT appointed as Meratus Line's general agent in Vietnam Hai An Container Transport Co., Ltd. (HACT), a subsidiary of Hai An Transport and Stevedoring JSC, has been officially named the general agent of Indonesian carrier Meratus Line in Vietnam. Under the new partnership, HACT will focus on developing Meratus' trade routes connecting Hai Phong, Da Nang, and Ho Chi Minh City with Dili (Timor-Leste) and Papua New Guinea (Lae and Motukea), via transshipm
Panama Canal meets with ITF on climate and labor The Panama Canal hosted a high-level delegation from the International Transport Workers' Federation (ITF) for a wide-ranging dialogue focused on sustainability, climate resilience, and labor development within the maritime sector. The meeting, held at the Canal Administration Building, brought together senior leadership from both organizations to discuss shared challenges and goals, particularly
Container ship demolition dwindles this year amid healthy freight and charter demand Only 10 container ships, amounting to 5,454 TEU, were scrapped in the first six months of 2025, as the firm freight and charter markets encouraged owners and operators to keep trading old vessels. In comparison, Alphaliner's report today stated that 57 ships of 81,000 TEU were scrapped in 2024, including 34 ships of 48,600 TEU in the first half of that year. Alphaliner remarked: "For carriers, ke
Can the US reclaim control from China in the maritime field? In the waning months of 2025, the United States stands at a maritime crossroads. Following decades of neglect, the federal government is now aggressively pivoting to restore domestic capacity in shipbuilding, logistics, and port infrastructure but the scale of the challenge reveals a sobering reality: the US has allowed its maritime industry to erode to the point of strategic vulnerability. In Ap
Maersk to implement new import container release process at German seaports A.P. Moller - Maersk will introduce a new digital process for import container release at the German seaports of Hamburg, Bremerhaven, and Wilhelmshaven, replacing the current PIN-based system. Effective October 1, 2025, the new "secure release order" system will be mandatory at Hamburg and Bremerhaven in line with legal requirements. It allows only one traceable party at a time to collect full i
Klaipeda port leads the Baltic in cargo growth during H1 of 2025 Klaipeda Port has emerged as the fastest-growing port among the Baltic States in the first half of 2025, handling nearly 19 million tons of cargo, representing a 16% increase compared to the same period in 2024. Algis Latakas, CEO of the Klaipeda State Seaport Authority, commented that with a 16% increase in cargo volumes, they're on track to exceed 1 million TEUs by year's end. The growth in ove
The Smooth Way to Import Cars to the U.S. Using Trusted Transport Services The Toyota Aristo from Japan or the Alfa Romeo 156 in Europe are beautifully made vehicles that plenty of U.S.-based consumers wish to own. Finding cars across the pond or all the way on the other side of the globe is a fun experience, especially if you have different tastes than what your local dealership has to offer. The problem isn't finding the right car. It's getting a reliable auto transp
Container Growth cushions impact of bulk traffic decline and congestion at port of Antwerp-Bruges In the first half of 2025, the Port of Antwerp-Bruges handled a total throughput of 137.2 million tonnes, representing a 4.3% decline compared to the same period in 2024. Despite this overall drop, strong performance in container and RoRo traffic helped offset the decline in bulk cargo, while congestion and logistical challenges continued to strain operations across Northwest Europe. Container tr
Trump announces trade deal with Indonesia President Donald Trump has announced a new trade agreement with Indonesia, following what Jakarta described as an "extraordinary struggle" in negotiations, according to CNN . The agreement reduces the U.S. tariff on Indonesian exports to 19%, down from the previously threatened 32%. In return, Indonesia will lift tariffs on American goods and commit to significant purchases, including $15 billion
DP World and Asian Terminals launch electric vehicle fleet DP World, in partnership with Asian Terminals, has rolled out the Philippines' first-ever fleet of electric internal transfer vehicles at Manila South Harbour. This fleet of 15 electric vehicles, supported by rapid-charging infrastructure, marks a significant step toward decarbonising port operations in the Philippines. The deployment of these eITVs will enhance the movement of containers between
Port of Corpus Christi announced record during second quarter 2025 Port of Corpus Christi customers achieved a new milestone in the second quarter of 2025, moving 51.1 million tons of commodities through the Corpus Christi Ship Channel. This volume set a new second-quarter record, surpassing the previous high of 50.6 million tons recorded in Q2 2024. The momentum continued into the first half of the year, as total cargo throughput reached 102.4 million tons mark
Freightos hits record transaction volumes in Q2 2025 Freightos Limited, the digital freight booking platform at the heart of global logistics, reported another quarter of strong performance with record-breaking transaction volumes in Q2 2025. The company's growth underscores the increasing demand for digital solutions amid a rapidly evolving trade landscape. According to preliminary KPIs released July 15, Freightos recorded 397,000 transactions dur
Hydrogen-powered crane debuts at Yokohama Port A major step toward zero-emission port operations has kicked off in Yokohama. MITSUI E&S has officially commenced on-site demonstrations of a hydrogen fuel cell-powered Rubber Tired Gantry (RTG) crane at the Minami-Honmoku Pier Container Terminal, operated by Utoc Corporation. In a significant retrofit, MITSUI E&S replaced the diesel generator of an existing near-zero-emission RTG with a hydrogen
Southeast Asia's shipping lines gain pace Southeast Asia's container shipping sector is thriving, driven by the region's strategic position along global trade routes and its emergence as a manufacturing hub. As the "China Plus One" strategy redirects production to countries like Vietnam and Malaysia, regional shipping lines are expanding their fleets and operational footprints to meet soaring demand for containerized goods. From Singapor
Container rates slip as KCCI drops 2.25% According to Japan International Freight Forwarders Association (JIFFA), Container freight rates out of Busan saw a broad decline this week, with the Korea Ocean Business Corp. (KOBC) reporting a 2.25% weekly drop in its KOBC Container Composite Index (KCCI), which now stands at 2,394 points. Firstly, the most notable shifts came on transpacific lanes, where spot rates saw sharper corrections. Th
COSCO SHIPPING Ports recorded growth in throughput in June 2025 COSCO SHIPPING Ports has released its terminal throughput data for June 2025. Total terminal throughput (excluding QPI and CTT) sustained its growth trajectory, increasing by 4.6% year-on-year (YoY). In China, terminals in the Southwest and Pearl River Delta regions delivered solid results. Overseas terminals also showed strong momentum, with a 10.1% YoY rise in throughput. Notably, CSP Zeebrugge
Arkas Line launches India Med service Arkas Line has unveiled its new India Med Service (IMS), aiming to enhance maritime trade links between India, the Mediterranean, and the Red Sea region. The newly introduced service connects the Greek ports of Piraeus and Thessaloniki with India's key gateways of Nhava Sheva and Mundra, offering competitive transit times and improved access to critical trade markets in both directions. Cargo tra
Evergreen and Samsung HI develop training simulator for methanol-powered ships Evergreen Marine Corporation has collaborated with Samsung Heavy Industries to start simulator training to guide its seafarers to handle methanol-powered container ships before they actually begin working on such vessels. Samsung HI said on 11 July that it installed the simulator at EMC's headquarters in Taiwan
GXO and Sky Italia team up GXO Logistics has entered into a multi-year partnership with Sky Italia to manage supply chain operations and strategic value-added services across the country. The agreement focuses on handling Sky's core products, along with branded merchandising tied to the company's TV programming. Operations will be based out of GXO's warehouse in Colleferro, just outside Rome, a 30,000-square-meter facility
Seaspan pens deal to reinforce Canadian shipbuilding steel supply chain Seaspan Vancouver Shipyards has signed a memorandum of understanding with Stigterstaal Canada and Algoma Steel to reestablish a domestic steel supply chain focused on bolstering and expanding shipbuilding in Canada. This move follows the current trend of countries trying to ensure their own shipbuilding supply chains. The US, with its "Buy American" policy, is looking ...
Ex-SIPG president Yan Jun sentenced in latest corruption probe in China Yan Jun, the former president of Shanghai International Port Group (SIPG), has been sentenced to 12 years in prison and fined 2m yuan ($280,000) for accepting bribes of more than 36m yuan ($5m). The court claimed that he prevented others from reporting and providing evidence, engaged in money and sex transactions, participated in gambling activities, ...
Slovakia blocks EU's 18th sanctions package over Russian gas dependency Slovakia has stalled the adoption of the European Union's 18th sanctions package against Russia, citing its critical reliance on Russian natural gas. At Tuesday's Foreign Affairs Council meeting, Slovak officials withheld support for the proposed sanctions, preventing unanimous approval. Prime minister Robert Fico reiterated his government's position, stating that Slovakia cannot support any furt
New Fortress Energy charters FSRU for LNG terminal in Egypt US-based LNG player New Fortress Energy has executed a five-year agreement for the deployment of the 138,250 cu m Energos Winter FSRU with the Egyptian Natural Gas Holding Company (EGAS). The unit, owned by New Fortress subsidiary Energos Infrastructure, will operate at EGAS' LNG import terminal in Damietta. This is the company's second FSRU that ...
Clarion Group sets sail with launch of Nigerian-owned shipping line The Clarion Group, a prominent Nigerian logistics and port services firm, has officially entered the regional liner shipping market with the launch of Clarion Shipping. The new shipping line took delivery of its first vessel, the 349 teu Ocean Dragon, on July 3 from China's Qingdao Pengteng International Management, according to Alphaliner. The ship is ...
HSG Sungdong returns to shipbuilding spotlight with Samsung Heavy tie-up HSG Sungdong Shipbuilding, once one of the top 10 shipbuilders in the world, has re-entered the finished shipbuilding market, forging a strategic partnership with Samsung Heavy Industries and securing major orders in offshore wind and marine infrastructure. After years of financial hardship that culminated in court receivership in 2018, the reborn HSG Sungdong - acquired ...
Year-round Hudson Bay shipping gains momentum The once-seasonal port of Churchill is positioning itself at the forefront of a potential shipping revolution as climate change and geopolitical shifts accelerate interest in year-round trade routes through Hudson Bay. At a press conference this week, Chris Avery, CEO of Arctic Gateway Group - the Indigenous and northern community-led consortium that owns and operates ...
BlueFloat Energy bails on $6.5bn offshore wind project in Australia The developer of the 2.1GW Gippsland Dawn offshore wind farm, BlueFloat Energy, has abandoned the project, set to be built in the Bass Strait off the coast of Australia. The proposed $6.5bn (AUD 10bn) project was cancelled despite receiving major project status from the Australian government in November. Construction was supposed to begin in 2029, ...
HD Hyundai eyes Morocco shipyard South Korea's HD Hyundai Heavy Industries is eyeing a strategic leap into North Africa, as it seeks to secure long-term operating rights for Morocco's flagship Casablanca shipyard. The latest global expansion effort comes at a time when South Korea's largest shipbuilder aimed faces production bottlenecks at home amid a record orderbook. With domestic shipyards operating ...
TechnipFMC bags work on Equinor's North Sea project Offshore contracting giant TechnipFMC has been awarded an iEPCI contract for the Heidrun extension project in the Norwegian North Sea by Equinor. The award of the contract follows an integrated front-end engineering and design by TechnipFMC. The project will enhance the current infrastructure and extend the production lifecycle for the Heidrun platform. The financial details ...
Trump's shipbuilding revival wavers as key maritime adviser departs The Trump administration's early ambition to revitalise US shipbuilding appears to be losing momentum, following the departure of Ian Bennitt, the White House National Security Council's (NSC) senior director for maritime and industrial capacity. Bennitt's exit, alongside that of NSC chief of staff Brian McCormack, underscores a broader hollowing out of the council's maritime policy ...
Decarbonisation déjà-vu Philippos Iolianou, managing director of EmissionLink, on why shipowners may pay twice to go green. Shipping is no stranger to regulatory upheaval. But as the IMO's net-zero targets could soon converge with FuelEU, ship owners and operators are staring down a reality that feels like decarbonisation déjà vu, paying not once, but twice, to comply ...
Fujian Guohang lifts options on Wuhu kamsarmax series Chinese bulker owner and operator Fujian Guohang Ocean Shipping has firmed up its series of kamsarmax newbuildings at compatriot Wuhu Shipyard. The Beijing Stock Exchange-listed company has declared options on two additional 89,000 dwt vessels, bringing its orderbook at the yard to 10. In 2023, Fujian Guohang secured slots for up to 10 methanol-ready units ...
Transatlantic trade in tariff crosshairs as US-EU deal deadline nears It's entirely possible that the US and EU won't reach a deal in the next two weeks, the US will...
Yemeni forces seize Iranian arms shipment enroute to Houthis Yemen's National Resistance Forces say they captured a ship with 750 tonnes of arms sent from Iran to the Houthis
Mali, Mauritania and Eritrea become the latest locations for online maritime fraud Fraudulent ship registries and seafarer certification websites purporting to represent entirely fake government entities are multiplying across Africa, with at...
Rare aframax resale hints at downward price shift But brokers cite a variety of factors that suggest any price drop is not by very much
How parametric insurance can help owners deal with bunker volatility Bespoke policies smooth out twists and turns in market for the fuel that keeps ships sailing
Growing sanctioned trade squeezes tanker markets, but China's appetite peaks Sanctioned oil now accounts for about 30% of crude imports in China and India, pressuring mainstream tanker markets, according to...
Cosco advances its first methanol dual-fuel conversion on ultra-large boxship The 2018-built Cosco Shipping Libra arrived at a Chinese shipyard in June for the conversion that is expected to take...
Is it feasible to run a small dry bulk fleet anymore? With so many operators 'chasing a rainbow', some companies have questioned whether it will soon be financially viable to operate...
Red Sea avoidance continues to restrict recycling of aged boxships The largest containership sold for recycling was the fire-damaged 803 teu Solong, following its collision with the medium range product...
European ports falling short on shore power Only one in five required shore power installations is installed or contracted, with slow uptake across most ports, according to...
The Daily View: Red Sea risk remains, so does the traffic
Ex-SIPG president Yan sentenced 12 years for taking $5m in bribes His case, along with that of his former superior Chen Xuyuan, highlights the ongoing impact of China's sweeping anti-corruption campaign...
Daily Briefing Red Sea traffic remains unchanged by resurgent Houthi attacks | India seeks shipbuilding renaissance despite reputational hangover | When is a...
Reefer fleet growth yet to show in availability of equipment Despite significant injections of reefer capacity in early 2025, US cold chain stakeholders say they continue to face equipment scarcity issues.
Ports ask Congress to help shift the costs of operating local customs offices A bill reintroduced in the House of Representatives would require customs fees be directed to covering building and other capital costs related to inspections.
J.B. Hunt says surcharges necessary to maintain peak season service Some customers and competitors were surprised by the timing of the surcharges, which are typically implemented in August or September, if at all, and only after volume spikes.
MPV availability likely to tighten in aftermath of latest Houthi attacks With more ships expected to divert to the longer Cape of Good Hope route around southern Africa, shippers could find it more difficult to secure capacity for project cargoes.
Volvo faces $1.2 billion write down as US tariffs erode profitability The European automotive industry has been hammered by Washington's import tariffs that are imposing a significant financial burden on the continent's carmakers.
Does this data point suggest bulkers are overpriced? Maritime Strategies International's valuations based on predicted earnings show more than 50% premium
Sail-powered shipping group knocks on other doors after Trump halts decarbonisation efforts Group looks to state funding and private donations to advance goal of cargo by sail
Flag states blamed as crew abandonments keep rising amid 'pattern of abuse' Seafarer union takes aim at owners who dump their responsibilities at the first sign of trouble
Mercuria pounces on two VLCCs from major owners for floating rate time charters Commodities trader makes VLCC time-charter play, even as owners prefer the spot market
Trump's shipbuilding tsar out just months into role Ian Bennitt was brought into top role to challenge Chinese dominance
Dividend, fleet sale or growth? What next for Taylor Maritime investors after sales swell cash pile? Shareholders may also seek cash returns as owner is reduced to eight bulkers
US port fees eat into Chinese dominance of global shipbuilding Bimco says market share plunged from 72% to 52% in first half
Trump's shipbuilding tsar quits just months into role Ian Bennitt was brought into top role to challenge Chinese dominance
Busy dealmaker Erasmus flags pivot back to bulkers with Japanese kamsarmax buy Athens-based operator reverses bulker fleet shrinkage, prompted by core clients and falling ship values
Taylor Maritime reveals 10 ship sales for $176m as buffer against bulker 'downside' London-listed owner now focusing on growth after fleet shrinks to eight Japanese-built vessels
Eastern Pacific inks up to four tanker newbuildings worth close to $360m Contract breaks 18-month suezmax order drought for Idan Ofer's company
Greece's Unisea banks lucrative supramax sale in face of falling bulker values Adamantios Lemos firm recoups money on bulker he bought years ago
Miller launches South Korean marine insurance team with four senior hires All were former employees of Marsh Korea
Hyundai Heavy Industries seeks more European newbuilding orders with 'Africa's biggest shipyard' South Korean group reportedly mulling bid for Casablanca plant's operating rights
Sanctioned Russian yard to receive $100m upgrade Investment programme at Krasnoye Sormovo will be carried out over several years
Container ship scrapping grinds to a virtual standstill Just a few small vessels sold due to strong charter and freight markets
World's biggest seafarer nation paves way for crews to refuse perilous Red Sea work Guidance stops short of full ban on Filipino-crewed vessels transiting the Red Sea
Tufton Assets adds $9.5m in profit through new long-term product tanker charters UK fund says agreements provide strong visibility on cash flows
Trump's 100% tariffs against Russia's trading partners is not the real seismic shift Trump is poised to take action against Russia
Asyad Shipping confirms swoop for VLCC brace in $2.7bn expansion drive Oman shipowner says it spent $206m on Landbridge tankers following Muscat IPO
Connecticut investment fund hikes stake in Nordic American Tankers CenterBook Partners builds holding in suezmax owner to $7.7m
Iran seizes tanker close to key maritime chokepoint Crew of unidentified vessel detained and facing charges
Turkish owner Manta reshuffles fleet in back-to-back S&P gas carrier and tanker deals Bosphorus player fixes new LPG carriers with energy majors while selling its sole tanker
SEB shipping loan book drops in quarter marked by 'significant market volatility' Swedish bank's net profit also falls
Gulf Navigation raises $142m via convertible bond issue that 'exceeded expectations' Proceeds will fund cash component of Brooge Energy acquisition
German tour boat gets a bruising after hitting giant Cosco container ship Boxship is said to have suffered only paint abrasions
X-Press Feeders shipowning arm exits tankers on sale of sole aframax Vessel was 'not core' to owner's business
Report: White House maritime chief leaving The official overseeing White House maritime policy is leaving, according to a published report.
Ports back bill to limit Customs charging for inspection services The American Association of Port Authorities and legislators want to limit the ability of Customs and Border Protection to bill them for inspection services.
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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