Ulstein Verft starts work on next BS Offshore Twin-X Norway's Ulstein Verft has marked a key stage in the construction of the second CSOV it is building for Bernard Schulte Offshore (Yard No.321). On March 11, 2025, the hull of the
Praise for heroic action of Stena Immaculate crew Salvage experts with SMIT Salvage are continuing onboard assessments of Stena Immaculate, say statements from the vessel operator Crowley and owner Stena Bulk. Yesterday, Sunday, March 16, the third-party salvage team confirmed
PIL Logistics unveils new logo and brand identity PIL Logistics is strengthening its commitment to transformation and growth as a comprehensive end-to-end logistics service provider with the unveiling of its new logo and refreshed brand identity. This marks a significant step toward deeper collaboration with its parent company, Pacific International Lines (PIL), to better serve its expanding customer base. Under the tagline "Driving Connectivity
Chile's first electric tugboat nears completion Latin America's first electric tugboat, set to operate in Chile through a partnership between Enap and SAAM Towage, is progressing with final sea trials and bollard pull testing near the shipyard in Tuzla Bay, Istanbul. These tests ensure the vessel meets all technical specifications while assessing its static behaviour and system performance to guarantee safe operations. Pablo Cáceres, SAAM Towa
Grimaldi Group completes GG5G fleet with delivery of Eco Napoli The Grimaldi Group has taken delivery of the Eco Napoli, the final vessel in its Grimaldi Green 5th Generation (GG5G) class. Built at the Jinling shipyard in Nanjing, China, this marks the completion of the world's largest and most eco-friendly ro-ro fleet for short-sea shipping. The Italian-flagged Eco Napoli measures 238 meters in length, with a 34-meter beam, a gross tonnage of 67,311 tonnes,
CMA CGM announces PSS for West Africa, Med & Black Sea In its ongoing commitment to providing reliable and efficient services, CMA CGM has announced a Peak Season Surcharge (PSS) effective 1 from April 2025, until further notice. This surcharge will apply to dry cargo shipped from the Far East to the West Africa North Range, covering destinations such as Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, and São To
CMA CGM applies new FAK rates for Asia-Med & North Europe-Indian Sub routes CMA CGM has announced new Freight All Kinds (FAK) rates, which will take effect from 1 April 2025 until further notice. These rates will apply to cargo shipped from all major ports in Asia to destinations across the Mediterranean and North Africa. The applicable cargo types include dry shipments, out-of-gauge (OOG) cargo, and paying empties. The new rates will be enforced based on the loading dat
Buy Instagram Accounts: Best sites to buy Instagram accounts If you want to grow fast, the best way is to buy Instagram accounts with an already established audience. Starting from scratch takes time, effort, and patience, while buying an Instagram account gives you an instant follower count and a competitive edge. Businesses, influencers, and brands use this strategy to skip the slow grind and start with real followers and genuine engagement. However, not
Luxury Car Features to Look for When Buying a Pre-Owned Vehicle Buying a pre-owned luxury car is often a dream come true, as the excitement of owning a high-end vehicle supersedes concerns about price and condition. However, there's much more to consider beyond the brand and model. Luxury cars usually come equipped with state-of-the-art features for increased comfort and higher performance. Naturally, nobody will settle for anything less while buying second h
Cyber security and the five key elements in UR E26 regulatory compliance IT safety is evolving from a box-ticking exercise to an essential business tool, required by regulators and stakeholders, writes Nicolas Furge, president, Marlink Cyber. Cyber risk is a growing concern across the shipping industry, from vessel operators and charterers to ports and the broader supply chain. While the number of technology solutions are proliferating, the ...
Jan De Nul and Hellenic Cables ink framework deal with National Grid Belgium's Jan De Nul and its Greek consortium partner Hellenic Cables, have signed a framework agreement with British utility National Grid for future HVDC cable projects across the UK and Europe. The deal will entitle the consortium to participate in upcoming tenders for call-off projects for the design, manufacturing, supply, installation, testing, and commissioning of ...
Navigator wraps up ethylene carrier trio buy New York-listed Navigator Holdings has completed the final acquisition of three handysize ethylene carriers set to complement the recently expanded export terminal at Morgan's Point in Texas. The company owns the Morgan's Point ethylene export terminal in a 50-50 joint venture with Enterprise Products Partners. The operation was expanded in late December, with export capacity ...
Teekay Tankers reveals LR2 play Teekay Tankers is renewing its LR2 tonnage through deals that will see one of the ageing vessels replaced by a 12 years younger unit. The New York-listed firm has agreed to offload the 2007-built Galway Spirit to an unnamed buyer for delivery in the first quarter of 2025. No price was revealed for the Hyundai ...
Oskar Wehr seals newbuild quartet in China Germany's Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding project list, is expected to deliver Oskar ...
CNOOC orders liftboat from compatriot WMMP China's Wuhan Marine Machinery Plant (WMMP) has signed a contract with CNOOC Energy Technology & Services Limited for the construction of a liftboat. The liftboat, classified by the China Classification Society, is four-legged and self-elevating using cylindrical legs. The lifting device uses four 2,500-tonne hydraulic pin lifting systems. The liftboat will be fitted with a ...
Campaign to get maritime treaties ratified launches The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI), a body responsible for drafting many maritime law conventions, have launched an updated campaign to get governments to ratify urgent maritime treaties. "For a global industry, comprehensively regulated by the International Maritime Organization (IMO) and other United Nations bodies, it is critical that ...
Canada identifies five offshore wind areas in Nova Scotia Canada has identified five suitable areas for the development of offshore wind farms in Nova Scotia. A regional assessment initially recommended eight potential wind energy areas, but that was cut down to five. Four of the five areas are south of Nova Scotia's eastern shore - French Bank, Middle Bank, Sable Island Bank, and Emerald ...
Elbdeich lifts Wenchong boxship series German owner Elbdeich Reederei has firmed up orders for two more containerships at Huangpu Wenchong in China. Brokers report the Drochtersen-based company has lifted options for a pair of 1,900 teu newbuilds it held at the CSSC-affiliated yard, following a deal for two firm units earlier this year. The ships cost about $32.3m each with ...
Odfjell Technology bags another deal with ConocoPhillips Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won a three-year deal with ConocoPhillips for work on the Norwegian Continental Shelf. The new contract for tubular running services comes less than a month after the two companies agreed to extend a contract for platform drilling ...
Geneva Dry Dialogues: BPG Shipping Having attended over 200 shipping events since 2009, Gennadiy Ivanov found last year's inaugural Geneva Dry gathering to be one of the most "efficient, proactive and practical" conferences he's ever attended. "As proof of its value, we registered for the second Geneva Dry the very next day after the first one concluded," Ivanov, a director ...
Nordic American Tankers bags another suezmax New York-listed suezmax specialist Nordic American Tankers (NAT) has confirmed the addition of another 2016 South Korean-built vessel. The Herbjorn Hansson-led owner and operator has picked up the unnamed tanker in a deal struck in the mid-to-high $60m range, shortly after agreeing to buy a sister vessel from the same owner. Both ships were built ...
DOF secures FPSO installation gig in Africa Norwegian offshore vessel owner DOF has won a contract for an FPSO installation project from an undisclosed client in the Atlantic region. According to an Oslo Bors filing, DOF shall deliver project management, engineering, logistical services, and offshore execution. DOF will use two anchor-handling tug supply vessels to perform the installation duties. The project is ...
Prices for vintage capes rise Prices for vintage capesize bulkers are rising again, as spot rates are up around 300% in a month driven in part by an armada of ships waiting to load bauxite at West African ports. Lila Global is widely reported to have bought a pair of 2006-built capes, the 172,000 dwt Maran Sailor and Maran Odyssey, for $19m ...
Houthis vow to go after American ships Houthi leader Abdul Malik al-Houthi said on Sunday that his militants would target US ships in the Red Sea in the wake of massive American strikes on Yemen over the weekend. "If they continue their aggression, we will continue the escalation," he said in a televised speech. Despite there being no attacks on merchant shipping ...
Liner shipping profits forecast to slide by more than 80% this year Liner shipping profits are forecast to slide by more than 80% this year. Analysts at Sea-Intelligence have calculated that the container shipping industry made a combined EBIT last year of $60bn, the third-highest figure recorded in the history of the business, and the highest outside the covid era. One leading container markets analyst, John McCown, ...
Suezmax and LR rates rise amid the ongoing geopolitical 'noise' Midsize tanker demand is on the upswing, buoying rates for suezmax crude tankers and LR1 and LR2 product tankers. The...
The week in charts: Trump homing in on fake flags? | Ofac targets 'shadow fleet' tankers and Iranian oil minister | Gas tanker visits Hindu temple Trump's 'maximum pressure' campaign on Iran could see fraudulent flags in the US' crosshairs, as its 'shadow fleet' tankers, STS...
Escalation in Red Sea threat expected after US air strikes Traffic trends unlikely to change if target criteria is expanded
Europe is hydrogen's next best hope if the IMO fails, says analyst MEPC83 could give green hydrogen and ammonia makers the kick start they need, but this faces big political challenges. But...
Sanctioned Indonesian tug operator says it will fight designation The US sanctioned three Indonesian tug operators last week for assisting in STS transfers of Iranian petroleum. One of the...
Handysize bulker and gas carrier sold for scrap during lull in recycling market Former MISC LNG tanker has gone to Bangladesh shipbreakers for $496 per light displacement tonne
Keelung port oil spill contaminates multiple ships Port clean-up efforts underway after a containership spills 100 litres of heavy fuel oil
US port fees: A shipbuilding game changer or a shot in the foot? Proposed US port fees targeting China-built ships could significantly reshape the global shipbuilding landscape. But if history is any guide...
Beijing ups political rhetoric over CK Hutchison port sale Key Chinese government bodies today shared another article criticising CK Hutchison's port asset sale, stating that 'great entrepreneurs are all...
The week in newbuildings: Boxship and bulker orders signed as activity slows Newbuilding contracts for two bulk carriers, a pair of boxships, two chemical tankers and nine shuttle tankers recorded in past...
Hanwha Ocean secures six-ship ULC order from Evergreen Hanwha expects to win more deals from Evergreen after its first order with the Taiwanese carrier amid potential US crackdown...
TEN orders nine shuttle tankers for Petrobras charter Nikolas Tsakos-led owner said to have beaten strong competition for contract
The Daily View: What's going on? DecarbonisationRisk and CompliancePolitical Risk and Trade
Gard posts standout full-year results Roppestad attributes outcome to combination of getting the basics right and good luck on major claims
Daily Briefing Geopolitical tensions at Panama Canal still very high despite sale of ports | IMO green rules possible without Trump's America...
FMC stalls proposed carrier changes to NYSHEX board The maritime regulator said it needs additional information because the proposal "lacks sufficient detail to allow for a complete analysis of potential competitive impacts."
Savannah's 'parking spot' targets idle time for ships, main terminal The port will berth vessels at its smaller Ocean Terminal two miles downriver from the main Garden City terminal in order to cut waiting times outside the port and reduce ship backlogs.
New alliance vessel plans add to ongoing port congestion in Europe Ports across the continent are struggling to clear bottlenecks as containers stack up in terminals and delay inland and feeder connections.
We Let AI Handle Permissions (And it Worked) Learn how to use OpenAI to classify documents by sensitivity and enforce dynamic permissions with Permit.io
CMA CGM, ONE in India VSA talks as standalone capacity pressures rise Multiple sources who spoke with the Journal of Commerce have confirmed ongoing negotiations between the two liners covering India's larger westbound trades to the US East Coast and North Europe.
Geopolitical uncertainty, tariffs start to weigh on MPV market Freight rate declines coupled with ship supply and cargo demand worries are rippling through the MPV sector.
CMA CGM, ONE in India VSA talks as standalone capacity pressures heighten Multiple sources who spoke with the Journal of Commerce have confirmed ongoing negotiations between the two liners covering India's larger westbound trades to the US East Coast and North Europe.
Oversupplied ocean carriers sailing into new downcycle: analysts Despite banking a collective operating profit of around $60 billion in 2024, a worsening supply-demand imbalance could make the next three years difficult for the container shipping industry.
Australian shippers back competition probe into DP World's deal for Silk Logistics The country's competition watchdog is reviewing whether DP World's acquisition of the logistics provider could lead to higher costs for shippers.
'Dire consequences': Trump and Iran trade threats after US strikes on Houthis Defense Department officials say action will continue until Houthis pledge to stop attacking US ships
Stena Bulk tanker's jet fuel spill limited to one tank after collision Crew took action to prevent spread of fire before evacuating
Don't bank on US oil sanctions to ignite tanker markets, warns Gibson India has picked up Russian oil imports, as has China, broker says
Cruise giant Norwegian upgraded as demand holds up and potential for Russia 'gold mine' looms Analysts at JP Morgan retain price target after shares plunge 27% in a month
Blystad Group boss Fredrik Platou adds to holding in Christen Sveaas-backed shipowner Sea1 Offshore director takes a further bet on solid offshore market
Trump officials could ban and detain ships from 'maritime chokepoint' countries Federal Maritime Commission says measures would hit Panama flag the most
Offshore vessel rates still riding high as subsea tonnage proves scarce, brokers say Clarksons and Hagland believe markets are broadly positive, but offshore wind has to watch the orderbook
Tankers could make more money running on VLSFO as scrubber premium shrinks Clarksons Securities says gain from using exhaust cleaners is at lowest ebb in five years
Tanker buyers waiting for prices to come down further before splashing cash, brokers say Clarksons and Fearnleys describe a softening S&P market - but still not as soft as buyers would like
Blystad Group boss Fredrik Platou adds to holding in Christen Sveaas-backed owner Sea1 Offshore director takes a further bet on solid offshore market
'Back to the Dark Ages' or not tough enough? US port-fee proposals spark fierce debate Brokers and operators complain smaller vessels face more pain, while union sees a loophole
Trump's strike on Houthis adds fresh wave of uncertainty for shipping investors Clarksons says intervention could mark beginning of end for Red Sea disruptions
Scottish ferry owner switches to electric as it lines up seven-vessel splash Caledonian Maritime Assets names Polish yard as chosen bidder for first batch of vessels
2020 Bulkers sells more freight derivatives to cover the second quarter Newcastlemax owner made its first foray into FFAs last week
ArcelorMittal pushes fleet shakeout with $60m en-bloc sale Indian steel and mining giant has divested up to 10 bulkers over the past year
Seaspan closely watching US port fee push as finance chief quits Tonnage provider says 88 ships it charters out were built in China, and it has 36 more on order
DIS' di Mottola explains why two bargain tanker purchase options may not be used Italian tanker boss says it's all a matter of financing costs
G7 pushes for crackdown on shadow fleet with 'satellite-based vessel tracking' Foreign ministers demand expansion of satellite system to crack down on unsafe practices
Genco benefiting from spot focus after 'meaningful' rise for capesize bulkers US-listed owner says chartering strategy is working out well
Gard warns of global 'Clash of the Titans' as it unveils bumper results World's largest marine insurer reports fourth-consecutive annual underwriting profit as it corners 20% of P&I market
Trump's Chinese ship charges will slap $5.8bn bill on container feeder operators Top 20 regional and feeder operators would be hit by increased cost and disrupted charter market
Seapeak lays up three unemployed steam turbine LNG carriers Company takes writedown hit on older vessels and may sell trio this year
Clarksons sees upside for Golden Ocean shares in likely $3.5bn CMB.Tech merger Combined fleet of Saverys-controlled companies will be worth more than $10bn
Teekay Tankers sells pair of older ships as fleet renewal ploughs ahead Filing reveals deals for vessels built in 2007 and 2009
Drifting Petrobras tanker damages three naval ships as it bashes into dock Aframax Olavo Bilac suffered rudder failure, operator Transpetro says
Axpo charters in Avenir ship in advance of its first LNG bunker vessel newbuilding Company completes its first ship-to-ship delivery of LNG with new vessel Green Pearl due this summer
Western Bulk transformation will take time after 'another disappointing year', Kistefos says Christen Sveaas' holding company sees 'some effects' for bulker operator in 2025
Houthis threaten US commercial ships after Trump's deadly airstrikes kill 53 people US says its military campaign against the rebel group will be 'unrelenting' until threats against shipping end
Trump could ban and detain ships from 'maritime chokepoint' countries Federal Maritime Commission says measures would hit Panama flag the most
Leif Hoegh & Co snaps up $7.5m more shares in Hoegh Autoliners after stock rout Holding company controls 36% of car carrier owner
Excelerate Energy cosies up further to Petrovietnam with LNG supply deal Company was already in discussions on providing an FSRU for Vietnam
Chinaland Shipping on hunt for big bulkers 'at the right price' after newbuilding drive Handymax breakbulk specialist entered the capesize segment last summer
Longer voyages, higher container rates power Evergreen Marine earnings Evergreen Marine Corp., the world's seventh-largest box carrier, saw revenue and profits climb in 2024.
Yang Ming profit soars on Red Sea diversions, emerging Asia markets Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024.
US Postal Service invites DOGE to fix structural problems Postmaster General Louis DeJoy is welcoming assistance from Elon Musk's DOGE team to help address perceived mismanagement by partner agencies and the Postal Service Commission.
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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