MSC World America completes sea trials MSC Cruises reports that its latest flagship, MSC World America has successfully completed deep-water intensive systems tests during a final sea trial in the Atlantic Ocean. The sea trials checked the performance
TTB 2025: That's Progress - Crowley's innovative LNG barge Last summer, Crowley took delivery of the LNG bunker barge Progress from Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis. At 12,000 cubic meters capacity and with a length of 430 feet, it
Elomatic awarded Polarstern 2 icebreaker design contract Thyssenkrupp Marine Systems (TKMS) has awarded Elomatic Maritime Technologies GmbH a design and engineering contract to support the construction of Germany's new Polarstern 2 icebreaker. Set to become the world's largest and
Lloyd's Register and World Economic Forum partner for nature-positive future The Lloyd's Register Foundation and the World Economic Forum (WEF) have unveiled a new partnership aimed at speeding up the shift toward nature-positive and people-positive ports. Ports play a crucial role in both international trade and national economic development. In the United States, ports contribute to about 10% of the nation's GDP, while port activities in the Eurozone account for roughly
MSC boosts rates from India and Pakistan to Europe MSC, the world's largest ocean carrier, has published updated freight rates for shipments from India and Pakistan to European ports. The following rates will be effective from 1 March until further notice but not beyond 31 March. Port of loading Port of discharge Commodity Rate 20 DV 40 DV & HC Nhava Sheva Antwerp Freight All Kinds (FAK) US$2,200 US$2,200 Ennore Antwerp Freight All Kinds (FAK) US
Hapag-Lloyd increases rates from Mexico to Central America and Caribbean German box carrier Hapag-Lloyd has announced a new General Rate Increase (GRI) for shipments from Mexico Gulf ports to Central America and the Caribbean. The GRI has been set at US$300 per container and will be applicable to all dry and reefer boxes from 1 April until further notice. Mexico Gulf includes Altamira and Veracruz hubs, while Central America and the Caribbean include the ports of Puer
Kuenz wins major contract for automated gantry cranes Kuenz GmbH has secured a major contract from ÖBB to deliver five automatic gantry cranes with remote control stations to the TSA INFRA terminals in Vienna South, Wels, and Wolfurt by the end of 2027. This project represents one of the largest intermodal business orders in Europe in recent years. David Moosbrugger, CEO of Kuenz, mentioned: "This order underscores the extremely successful cooperati
Grimaldi's Con-Ro vessel catches fire, goes adrift in English Channel A Grimaldi-operated Con-Ro vessel suffered an onboard fire incident and then went adrift in the English Channel on 18 February, according to the UK Maritime and Coastguard Agency (MCA). The 26,000DWT, Malta-registered Grande Brasile was southbound in the channel sailing to the port of Le Havre in France, when a blaze ignited in one of the ship decks on the morning (local time) of Tuesday (18 Febr
HHLA reports strong financial growth German container terminal operator Hamburger Hafen und Logistik AG (HHLA) reported increased annual box throughput, compared to the previous year, at 5.97 million TEUs Throughput at the Hamburg container terminals remained nearly unchanged at 5.69 million TEUs, while the intermodal segment saw an 11.6% growth in transport volumes, reaching 1.79 million TEUs. According to preliminary unaudited fig
Bahrain and APM Terminals sign deal to strengthen Khalifa Bin Salman Port APM Terminals announced the signing of a Letter of Intent (LOI) with the Ministry of Transportation and Telecommunications of Bahrain. The objectives of this agreement include more than doubling the Khalifa Bin Salman Port terminal's throughput by 2030, enhancing trade between Bahrain and Saudi Arabia, and providing expertise and investment in new growth sectors that align with Bahrain's Economic
Flexible contracts reflect market uncertainties Enquiries about index-linked contracts make up the majority of conversations that consultancy Xeneta says it is having with its clients as a volatile market un-nerves both shippers and carriers
Global iron ore shipments drop amid supply disruptions Global iron ore shipments have declined by 7% year-on-year during the first seven weeks of 2025, driven by supply disruptions and reduced Chinese import demand. Australian exports have been hit hardest, dropping 10% year-on-year, while Brazilian shipments have decreased by 5% year-on-year. Despite the relatively better performance of Brazilian shipments, which are boosting average sailing distanc
DP World Southampton invests US$75 million in Europe's largest quay cranes DP World is boosting the UK's trade infrastructure with a US$75 million investment in four state-of-the-art quay cranes for its Southampton container terminal. These cranes, set to be the largest in Europe, will feature quad-lift capabilities, allowing them to move two 12-meters containers simultaneously from ship to yard. This innovation will significantly reduce the time required to load and un
APM Terminals expands Gemini's central hub with 2 million TEU boost in Salalah APM Terminals-operated Port of Salalah has invested US$300 million in expanding and ensuring readiness for the new network under the Gemini Cooperation of Maersk and Hapag-Lloyd. The investment has included upgrades to all six existing berths and an expansion of the yard. The expansion has moved the terminal from a capacity of 4.5 million to 6.5 million TEUs and cements the Port of Salalah's posi
Shipping shortage on Europe-India route The Europe-India trade still does not have adequate tonnage as the new Gemini Cooperation of Maersk and Hapag-Lloyd plus Premier Alliance (ONE, HMM and Yang Ming) include the route on their East-West networks, according to Alphaliner
OOCL Iris sets record as largest vessel to call at Charleston port SC Ports welcomed OOCL Iris to Wando Welch Terminal on 18 February, marking a new milestone as the largest vessel ever to call at the Port of Charleston with a capacity of 16,828 TEUs. This surpasses the previous record held by CMA CGM's Marco Polo, which first arrived at Wando Welch in May 2021 with a capacity of 16,022 TEUs. "SC Ports' strategic infrastructure investments allow us to continue w
MSC enters Moroccan container terminal market through Marsa Maroc deal Swiss/Italian container shipping giant MSC has decided to invest in the Moroccan container terminal at Nador West Med port. In particular, Morocco-based port operator Marsa Maroc and MSC's subsidiary Terminal Investment Limited (TIL) have signed a partnership agreement for TIL's entry into the share capital of the company holding the concession of a box terminal at Nador West Med port. Following
Decoding Medical Liens in Maritime Personal Injury Cases Decoding medical liens in maritime personal injury cases involves understanding how these financial claims affect settlement outcomes. Medical liens in personal injury cases serve as claims by healthcare providers against the injured party's compensation. These liens ensure that providers are compensated for medical services rendered after an injury. In maritime cases, medical liens can influence
Veson Nautical opens new office in Dubai Veson Nautical, a global firm in maritime data and freight management solutions, has opened a new office in Dubai, strengthening its presence in one of the world's most significant shipping hubs. This strategic move aims to bring Veson closer to its expanding regional client base while solidifying its role in advancing maritime technology and data solutions. Speaking today at an event being held
DP World keeps expanding its operational footprint in Eastern Mediterranean DP World's recent operations at Ain Sokhna Port in Egypt underscore a strategic move to enhance the port's role-and Egypt's position-as a key player in regional and global automotive exports. DP World's investment of over US$1.3 billion in Ain Sokhna Port over the past two decades is a clear indication of its long-term commitment to strengthening port capabilities and services. By facilitating th
Port of Ashdod invests in tech startups Ashdod Port Company is furthering its commitment to innovation by announcing a call for proposals and inviting startups from Israel and worldwide to join its maritime technology hub. The initiative seeks advanced technological solutions in the fields of supply chains and port operations. Registration is set to open in the coming weeks, after which selected companies will be chosen to participate
Reise- Og Avbestillingsforsikring Is It Imporant? Everyone enjoys a holiday or traveling around the world. Whether for business or pleasure, getting away from home can make a huge difference to how you feel. Many people would choose not to take out travel or cancellation insurance if they were not traveling too far from home because they do not feel the need. Even when you do not feel like it is necessary, there are benefits you can get from hav
COSCO SHIPPING Ports sees strong start to 2025 COSCO SHIPPING Ports has kicked off the year with a notable 8% year-on-year growth, reaching 9,419,200 TEUs in January. The company's terminals in China, particularly in the Yangtze River Delta, performed exceptionally well, with Wuhan's throughput soaring by 76.8% compared to the same period last year. Overseas terminals also demonstrated strong performance, achieving a 16.2% year-on-year growth
IMO to agree on new shipping emission cut actions As the International Maritime Organization (IMO) meeting on reducing climate-heating emissions from the shipping sector (Intersessional Working Group on
Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild Skarv Shipping Solutions, a Norwegian joint venture between Peak CSL Group and Grieg Edge has placed an order for an ammonia-powered general cargo shortsea vessel in China. The 7,800 dwt self-unloader is scheduled for delivery in the second quarter of 2027. Compatriot owner and operator Arriva Shipping, which recently signed up for an 8,000 dwt ...
Cargill hires kamsarmax bulker from Diana Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with commodities giant Cargill for one of its kamsarmax vessels. Cargill hired the 2010-built, 82,117 dwt bulker Myrsini. The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of January 1, 2026, ...
Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series France's Louis Dreyfus Armateurs (LDA) has selected Shanghai Zhenhua Heavy Industries (ZPMC) to build its latest series of service operation vessels (SOV) that will be deployed on offshore wind sites in the German North Sea. Earlier this year the French family-owned shipowner emerged as a winner of a $575m SOV tender issued by Sweden's biggest ...
Star Bulk ships out supramax Nasdaq-listed Star Bulk Carriers is offloading one of its 23 supramaxes. The Athens-based dry bulk giant revealed in its quarterly earnings report it had agreed to sell the 15-year-old Bittern. The buyer and the price of the 57,800 dwt vessel, estimated by S&P sources at about $11.8m, have not been divulged. Eagle Bulk Shipping, officially ...
Odfjell Technology scores more work with ConocoPhillips Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won an extension with ConocoPhillips for operations in the North Sea. The contract is for the provision of platform drilling operation and maintenance services in Norway. The exercised option, which will last for three years, means that ...
Grimaldi fleet hit by sixth fire since 2019 A conro Grande Brasile caught fire in the English Channel yesterday, adding to a series of five similar incidents on ships operated by Italy's Grimaldi Group over the past few years. The 2000-built 26,200 dwt vessel issued a distress call while transiting the Dover Strait, about 15 nautical miles off the coast of Ramsgate, UK. ...
Dark fleet casts long shadow over latest flag state charts The dark fleet casts its shadow over the International Chamber of Shipping's (ICS) latest annual flag state performance table with four new countries - familiar homes to Russia's fleet - added to the list. Cambodia, Eswatini, Gabon and Guinea-Bissau have been added to the survey, which charts the best and worst performing major flag states, ...
DOF wins pair of deals for CSV in Gulf of Mexico Norwegian offshore vessel owner DOF Group has won two contracts for one of its construction support vessels. The two contracts by two undisclosed international oil companies for a pair of separate subsea construction projects in the Gulf of Mexico. According to DOF, the total expected duration for the projects is approximately two months in total. ...
Yinson Production buys carbon capture and storage firm Singapore-based floater owner and operator Yinson Production has acquired 100% of the shares in Stella Maris CCS from UK floater player Altera Infrastructure. Stella Maris is a Norway-based carbon capture and storage company developing a full CCS value chain, including carbon capture, intermediate storage, offshore transportation, and permanent sequestration of CO2 captured from industrial source
EU extends Red Sea naval operation into 2026 While no merchant ships have been attacked in the region this year, there's little sign authorities believe the Red Sea shipping crisis is coming to an end anytime soon. The European Union has announced it is extending the mandate of its maritime security operation, EUNAVFOR Aspides, for an additional year, reinforcing efforts to safeguard freedom ...
Valaris wins $120m in deals and gets rid of four stacked rigs New York-listed offshore driller Valaris has won several deals and contract extensions for its jackup rig fleet and revealed its plans to rid itself of four rigs. The company won a 600-day priced contract extension with TotalEnergies in the UK North Sea for the 2011-built Valaris Stavanger. The extension is expected to begin in the ...
MSC joins CMA CGM in Moroccan terminal venture Mediterranean Shipping Co (MSC) has joined rival CMA CGM in investing in a new terminal at one of Africa's fastest-growing container destinations, Morocco. Marsa Maroc Port has signed with MSC's Terminal Investment Limited (TiL), giving the Swiss liner a 50% minority stake, less one share, in a terminal at Nador West Med. Last October, CMA ...
CMA CGM takes four Chartworld ships CMA CGM has been one of the most busy buyers of secondhand boxships this year. Alphaliner has news of another quartet of vessels snapped up by the Rodolphe Saade-led firm. CMA CGM has moved to take four 3,700 teu container vessels - CMA CGM Africa One, CMA CGM Africa Two, CMA CGM Africa Three, and ...
Allied Shipbroking poaches Braemar exec for new CEO Greece's Allied Shipbroking has poached Stefanos Fragos from Braemar to become the company's new CEO. Fragos had been Braemar's head of corporate finance in Athens for the past couple of years in a career that has also seen him work for YieldStreet and DVB Bank. "With extensive experience in ship financing, Stefanos has been a dedicated supporter of ...
Marine Alliance acquires Speedwell Insurance Brokers Two years after it was founded, Hamburg's Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers. Speedwell has been an authorised Lloyd's broker since 2014 and is licensed by the UK regulator, the Financial Conduct ...
Backward steps on DEI will damage determination to deal with shipping's pressing issues Diversity, equity and inclusion are key to finding the talents shipping needs to deal with digitalisation and decarbonisation, writes WISTA International. As the maritim
Cargill and Hafnia establish joint venture bunker procurement giant Hafnia chief executive Mikael Skov and Cargill Ocean Transportation head Jan Dieleman explain why they are merging their bunker procurement...
Dry bulk's dilemma: Demand is failing to keep pace with fleet growth Bulker spot rates remain very weak. There is rising pessimism on Chinese demand and growing concern over the impact of...
EU agrees more sanctions on 'Putin's shadow fleet' The EU has agreed its 16th package of sanctions on Russia, which will target 'more vessels in Putin's shadow fleet'...
Seajewel incident 'looks like pattern of deliberate action', underwriters warn Suspected attack on Thenamaris aframax unlikely to impact pricing in broader war risk market
Four tanker explosions in two months as Seajewel becomes second Thenamaris tanker hit It is unusual for incidents of this nature, with the same outcome, to occur multiple times especially in such a...
How 'Maximum Pressure 2.0' could play out in VLGC market VLGCs were unscathed by US sanctions until last year but the pace of designations may pick up under the new...
Weather hampers MSC boxship salvage operation MSC-owned MSC Baltic III ran aground off Newfoundland on February 15 after it lost power, with just under 500 containers...
Operation Atalanta warns of more Somali piracy activity Two attacks on fishing dhows in quick succession have raised concerns about piracy incidents off the Somali coast, because pirate...
More buyers than sellers in secondhand containership market as prices stay high Buying interest remains strong despite volatile container markets which is ensuring vessel asset values stay high
ICS raises Eswatini concerns Four flag states have been added to the league table, three of which have or previously had dark fleet tankers...
Grimaldi's Grande Brasile evacuated in Dover Strait after second fire breaks out UK's Maritime Coastguard Agency said Grande Brasile's crew were evacuated 12 nautical miles south of the port of Ramsgate and were...
Iron ore shipment slump weighs on dry bulk shipping Iron ore - key to capesize demand - faces uncertain prospects amid sluggish steel consumption and trade tensions
Opportunity seen in India-Europe container trade Major carriers such as CMA CGM, Maersk, Hapag-Lloyd and MSC currently control 84% of capacity on the trade, with India's...
The Daily View: Uncertainty is bad for demand growth Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Bulker Primus refloated after grounding off China All 23 crew members on board have been safely evacuated with no oil spill reported
Daily Briefing Phantom tanker with fake IMO number exposed in new deceptive shipping scam | State port group and local refineries shed...
String of market uncertainties helped drive strong Q4 for Expeditors The forwarder reported solid results to close 2024 as unknowns linked to US longshore labor, tariff policy and changes to de minimis rules fueled trans-Pacific freight demand.
No clear timeline for Red Sea return as carriers face rising insurance costs The threat dynamic in the Houthi-controlled area remains too high for ocean carriers to consider ending diversions around southern Africa, and higher insurance costs likely await when they do.
Technology providers take aim at automating core US customs tasks Automation of the customs entry process, which software provider Magaya announced this week, is being enabled by advances in data extraction from emails and offline files.
Enterprise-Grade Security in AI Development Discover the benefits of combining RAG and Fine-Grained Authorization in AI development
Maersk joins Indian shipbuilding race amid government incentives, China pivot The carrier has inked an MOU with Cochin Shipyard Ltd., India's largest facility, pledging to work together on shipbuilding and ship repair services.
Ocean carriers' ever-tightening grip on capacity control shows no signs of loosening Vessel capacity for shippers was a given in the early days of TPM, but since then carrier customers have faced an accelerating assault on capacity comin
Teekay Tankers reports slimmer-than-expected earnings dip and offloads LR2 Outfit sees weaker spot rates but EPS comes in above analyst expectations
Partners at law firm WFW share £44m payout as profit rises UK-headquartered operation boosts revenue in the year to 30 April
Genco Shipping keeps dividend coming as it reports in-line earnings New York-based bulker owner sees rates weaken in current quarter
Bunker and tanker group Monjasa adds BP trader as it opens up in Japan New office in Tokyo continues Asian expansion for Danish group
Navigator Gas shares swim against the tide as four-legged stool stays upright Chief commercial officer attributes share price success to the pillars gas carrier company's platform
Beyond fuel and fertiliser: Ammonia's real potential is transporting hydrogen It is cheaper and easier to move hydrogen in the form of ammonia
Angelicoussis rebrands Altera after takeover Greek owner aligns new operation with other subsidiaries through use of Maran name
Donald Trump's offshore wind stance raises doubts about $500m in Jones Act finance applications Great Lakes Dredge & Dock says Maritime Administrative loan guarantee is a 'nice to have'
Glencore basking in global unrest as it eyes move away from London Stock Exchange Trader scouting alternative listing as profits slip
Skuld issues warning over cashew nut-based biofuels Norwegian insurer urges members to steer clear of unestablished biofuel products or risk engine damage
Shadow fleet transfers to rise after VLCC loaded Russian crude from sanctioned tankers Operation involving three newly blacklisted Sovcomflot aframaxes a taste of things to come, Kpler believes
Why tankers carrying dirty cargoes are lagging on uptake of alternative fuels Trading patterns and uncertainty have delayed the adoption of cleaner fuels but things are changing
Lenders behind 'over-subscribed' $500m Scorpio Tankers financing are named Law firm WFW reveals more details of banking group behind big credit facility
Foul play? Second Thenamaris ship damaged in mysterious incident off Turkey Both Greek tankers currently anchored in Italy have been the victim of unexplained explosions, sources say
Marine Alliance adds London base with takeover of third insurance broker Norwegian-German venture snaps up Latin American specialist Speedwell in expansion two years after launch
Golar LNG cut to 'hold' as DNB Markets weighs up exit from LNG carrier ownership Share target price raised following exit from mainstream shipping
Louis Dreyfus Armateurs selects Chinese shipyard to build offshore trio Project to build and operate SOV's in North Sea brings in Norwegian ship designer
Pangaea Logistics executive moves into finance post with Hudson Structured McLaughlin had led projects and finance at Rhode Island bulker player for nearly a decade
Greek owner Chartworld sells quartet of container ships in $150m deal French line finally takes ownership of vessels it ordered 18 years ago
EU plots fresh sanctions for dozens of ships amid scramble to support Ukraine Details of new measures expected to be revealed on third anniversary of invasion next week
Eastern Mediterranean linked to VLCC sale as peace talks sway tanker market Buyers bet on rising rates as shadow fleet feels US squeeze
Crew evacuated as two deck fires hit Grimaldi ship leaving it disabled in the English Channel Coastguard and lifeboat crews called to the scene
Skarv Shipping orders pioneering ammonia-fuelled cargo ship backed by time charter Norwegian owner claims a first for forestry industry shipping
P&I premiums expected to keep rising as clubs grapple with underwriting losses Ratings agency AM Best says cash reserves expected to continue growing from last year's record high
LNG carriers over 20 years old at risk of early scrappage in challenging market, Fearnleys says Owners facing 'difficult discussions' as case for keeping older ships running failing to stack up
US-Russia talks bust the myth there are no winners in war Abrupt US policy shift on Ukraine changes the mood over sanctions
Amplus Energy moves into shipowning with deal for Altera FPSO Veteran Petrojarl I joins the fleet of UK oil services group for undisclosed price, with more deals planned
'Extra pair of eyes': Hoegh Autoliners brings in shipping analyst Erik Hovi as investments boss Former Nordea and Fearnley Securities man starts new role in Norway
Canadian Coast Guard mulls removing fuel and containers off stranded MSC ship MSC Baltic III still stuck on a beach off Canada's East Coast
Fire hits Grimaldi ship leaving it disabled in the English Channel Coastguard and lifeboat crews called to the scene as blaze extinguished
Marcura unveils new AI chartering tool to drive growth in $22bn platform 'Shipping's best-kept secret' unifying group under one banner
Hoegh Autoliners brings in shipping analyst Erik Hovi as investments boss Former Nordea and Fearnley Securities man has started new role in Norway
How 'dark fleet' tankers do business in the world's busiest shipping lanes Contrary to popular depictions, they don't look different from any other tankers
CMB.Tech target price cut as long-term goals 'may leave pure tanker peers in a better position' DNB Markets sees focus on first-quarter outlook in earnings report
Ammonia will follow in footsteps of established gas shipping markets, Adnoc L&S executive says Ethane, LPG and LNG shipping trades have all shown a similar pattern in their development
Yinson buys carbon capture and storage company from Altera Infrastructure Stella Maris CCS was granted €225m from the EU's Innovation fund and holds a 40% stake in the Havstjerne Reservoir
Beyond sanctions: How 'dark fleet' tankers do business in the world's busiest shipping lanes Contrary to popular depictions, they don't look different from any other tankers
New tool allows shipowners to better manage crew well-being Module to ultimately make shipping safer and more attractive to new entrants
Severe weather, Delta crash disrupt air shipments in US and Canada Winter storms in Tennessee and Kentucky impacted express parcel deliveries on Wednesday, while Air Canada faces shipping delays at the Toronto airport.
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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