VIDEO: Mexican navy tall ship Cuauhtémoc slams into Brooklyn Bridge This morning, the Mexican Navy tall ship Cuauhtémoc remained docked at Pier 36 in Manhattan after a deadly incident Saturday night in which horrified onlookers saw it plow under the Brooklyn Bridge,
Global Container Shipping Stocks Surge as Market Sentiment Improves Weekly Performance Overview In the week spanning May 12 to May 16, 2025, container shipping stocks experienced a strong upward momentum across global markets. As the sector continues to recover, tightening vessel capacity, stable freight rates, and resilient demand have fueled investor confidence. From Asian giants like HMM and Evergreen to European conglomerates, such as Maersk and Hapag-Lloyd,
Konecranes nears completion of jib crane delivery to US Navy Konecranes is nearing the completion of a long-term contract with the US Navy, initiated in 2017, to deliver four portal jib cranes to naval facilities in Washington State. Two 25-ton, self-powered jib cranes were delivered to the Navy pier at Bangor, Maine, in the first quarter of 2024, with the remaining two scheduled for delivery to Bremerton, Kitsap County, by June 2025.https://container-news
Shadow fleet tactics to continue in short and mid term As the global maritime industry grapples with tightening sanctions and intensifying geopolitical competition, the proliferation of so-called "shadow fleets" has emerged as one of the most elusive and strategically potent tools in international oil trade. Russia and Iran, two nations heavily sanctioned by the West, have dramatically expanded their shadow tanker fleets, leveraging them not only to
House of Shipping appoints new Global CEO House of Shipping, a provider of business consultancy and advisory services to the maritime and logistics industries, announced the appointment of Alessandra Ronco as its new Global Chief Executive Officer. Ronco, who will also continue to serve in her current role as Global Chief Legal Officer, brings over two decades of international experience to the role. She joined House of Shipping from Ark
US develops maritime counterbalance in Indo-Pacific through Asia partnerships In a significant development at the Asia-Pacific Economic Cooperation (APEC) ministerial meeting, the United States has signaled a new phase in its maritime strategy aimed at counterbalancing China's dominance in the South China Sea. The shift is marked by a concerted effort to harness the specialized maritime capabilities of its Indo-Pacific partners - Japan, South Korea, and the Philippines - f
Container News reaches 100,000 LinkedIn followers. And we couldn't have done it without you! We've hit 100,000 followers on LinkedIn - and we couldn't have done it without you! Container News has officially reached a major milestone: 100,000 followers on LinkedIn . This achievement is not just a number, it's a reflection of the growing global community that trusts us for the latest updates, insights, and analysis in the shipping, logistics, and c
AD Ports Group's Noatum Logistics opens reefer warehouse in Portugal Noatum Logistics has opened its first robotically assisted refrigerated warehouse in Lisbon, Portugal, to serve AD Ports Group's growing West Mediterranean logistics business. The launch is part of Noatum Logistics' rollout of cold chain hubs to meet evolving market demand in Portugal and the West Mediterranean region. The new Noatum Logistics facility aims to leverage strong customer demand and
Telia to launch Lithuania's first standalone 5G network at Klaipeda port Telia is preparing to launch Lithuania's first 5G standalone network at Klaipeda Port, marking a significant milestone in the country's digital infrastructure. The pilot will provide the Klaipeda State Seaport Authority and port-based companies with access to a private 5G network, showcasing its potential for critical infrastructure applications across Lithuania. Algis Latakas, Director General o
ZIM delivers strong Q1 results, reaffirms full-year outlook ZIM Integrated Shipping Services Ltd. announced a strong start to 2025, reporting impressive financial and operational results for the first quarter. The company posted revenues of US$2.01 billion, net income of US$296 million, adjusted EBITDA of US$779 million, and adjusted EBIT of US$463 million. Driven by solid demand and strategic network optimization, ZIM achieved a 12% year-over-year increa
CSBC Corp. worker dies after falling into tanker cargo hold A worker at Taiwanese shipbuilder CSBC Corporation died today (19 May), after falling into a 5-metre deep cargo hold in a products tanker that was being repaired in the shipbuilder's Keelung yard
Port of Antwerp-Bruges unveils Europe's first electric tugboat Port of Antwerp-Bruges has announced the launch of Volta 1, Europe's first fully electric tugboat, which was developed in cooperation with Damen and follows previous world firsts such as the Hydrotug (hydrogen-driven) and the Methatug (methanol-driven). The Volta 1 is a Reversed Stern Drive (RSD) tugboat designed on a double bow principle and equipped with a patented Twin Fin skeg for optimal sta
AI-Powered Shipping: How Digital Transformation is Reshaping Container Logistics in 2025 The global container shipping industry stands at a technological crossroads in 2025. As vessels grow larger, supply chains more complex, and environmental regulations more stringent, shipping companies face unprecedented pressure to improve efficiency, reduce emissions, and enhance transparency across operations. Artificial intelligence (AI) has emerged as the definitive solution to these challen
IRIS Lines, Trans-Asia launch joint intra-Philippine services IRIS Lines, the shipping division of the Royal Cargo Group, has announced the launch of three new services in collaboration with Trans-Asia Shipping Lines. These services are scheduled to commence on 28 May and aim to enhance connectivity and flexibility across key Philippine trade routes. Davao-Gensan Express (DGX) The bi-monthly DGX service will depart every other Saturday from the Manila North
DP World extends carbon inset scheme after 150,000-container milestone DP World has issued the first certificates from its Carbon Inset Programme, after more than 150,000 import containers were registered since its launch in January. The trial, which began on 1 January 2025, is the first of its kind anywhere in the world, as it rewards cargo owners with 50kg CO2e of carbon credits for every loaded import container moved through DP World's UK terminals. These credits
Grieg Logistics rebrand to Inchcape Shipping Services Grieg Logistics, which Inchcape Shipping Services acquired in June 2024, will officially change its name to Inchcape Shipping Services today (19 May). This rebranding marks Grieg Logistics' full integration into the Inchcape umbrella. "This transition will preserve Grieg Logistics' best aspects and enhance them with Inchcape's global network, local experience, investments in technology, and exten
Maersk announces new leader for Eastern Africa Effective May 5, Tito Okuku has been appointed Managing Director for Eastern Africa at A.P. Moller - Maersk. Okuku brings over 25 years of leadership experience in logistics and supply chain, having led teams and operations across multiple African markets. With an extensive background in strategy, business development, warehousing, landside operations, and fleet management, Tito Okuku will now ha
CMA CGM sees revenue and earnings rise amid market uncertainty French shipping company CMA CGM has achieved improved financial results in the first quarter of 2025. In particular, CMA CGM reported US$13.26 billion in revenue, translating to a 12.1% increase over the same period last year. Additionally, the ocean carrier's EBITDA neared US$3.1 billion, representing a 29.1% growth, with an EBITDA margin at 23.3%. Last but not least, CMA CGM boosted its Q1 net
Konecranes names new President and CEO Finnish port equipment manufacturer Konecranes has appointed Marko Tulokas as its new President and CEO as of June 1. He will succeed current President and CEO Anders Svensson, who will leave the company on July 19. From the beginning of June until his departure, Anders Svensson will act as an advisor to ensure a smooth transition. Marko Tulokas is currently Business Area President, Industrial Eq
Tripoli port operations halted after clashes erupt in Libya Due to the ongoing security situation in Tripoli, Libya, port operations have been suspended until further notice. The German ocean carrier Hapag-Lloyd announced the temporary suspension of all vessel calls to and from the port, while it will not accept any new bookings related to this port. Clashes erupted last week across multiple districts of the Libyan capital, reportedly sparked by the killi
CMA CGM applies surcharge from Far East to South Africa CMA CGM has announced a peak season surcharge (PSS) for shipments from the Far East ports to the port of Cape Town in South Africa. The surcharge will be effective from 1 June and has been set at US$250 per TEU for all types of cargo. If you liked this post, please consider donating The post appeared first on Container News .
Martin Sato returns as CEO at Lauritzen Bulkers Denmark's Lauritzen Bulkers has appointed Martin Sato as its new chief executive. Sato, who previously spent 18 years at J. Lauritzen's dry bulk business, will join the Copenhagen-based shipowner and operator by December from fellow handysize bulker player BaltNav, where he has served as CEO since 2024. "Martin returns to Lauritzen Bulkers with deep knowledge ...
Norden signs iron ore port logistics deal in Australia Danish shipping giant Norden has signed its first port logistics project in Australia with Kimberley Metals Group (KMG), a developer and operator of iron ore mining projects. Norden will provide additional assets for the existing transhipment operation, loading iron ore from the port of Wyndham in Western Australia onto barges and ocean-going vessels. The contract ...
MSC invests in Ukrainian inland logistics Swiss-based Medlog, a growing inland cargo business of the world's largest liner, Mediterranean Shipping Co (MSC), has made its entry into Ukrainian logistics. Local media report Medlog has bought 50% of the Ukrainian intermodal logistics operator N'UNIT (New Ukrainian Network of Intermodal Terminals) and a 25% stake in the cross-border terminal Mostyska. The transaction involves ...
Lamprell pens wind installation vessel deal with Dong Fang Offshore UAE-based fabricator Lamprell has signed a memorandum of understanding with Taiwanese owner and operator Dong Fang Offshore for a newbuild wind turbine installation and maintenance vessel. The GustoMSC-designed NG-9000X vessel will be built in compliance with Taiwanese shipping law. It will feature a heavy-lift crane, DP-2 positioning, legs with spud cans for challenging conditions, accommodation
Arkas back for more Huangpu Wenchong boxships Turkey's largest liner, Arkas, has moved to further strengthen its fleet with a new series of containership newbuildings in China. The Izmir-based carrier has returned to CSSC Huangpu Wenchong Shipyard for four firm 3,100 teu vessels with options secured for an additional two newbuilds. The ships, costing about $50m each, should deliver in 2028, similar ...
Aramco renews ADES jackup deal for 10 years Saudi oil and gas driller ADES has signed a contract renewal for one of its offshore jackup rigs with compatriot Aramco. The company did not disclose which rig this was, but did say that the unit was among the temporarily suspended rigs that were previously operating in Saudi Arabia. The contract renewal is for a ...
Buyer bows out from DDW Offshore AHTS acquisition Norway's DDW Offshore, a subsidiary of Akastor, has revealed that the sale of the anchor handling tug supply (AHTS) vessel Skandi Peregrino has fallen through. DDW Offshore agreed to sell the 2010-built AHTS for a purchase price of $25m to an undisclosed client in early March. Some $10m from the acquisition was supposed to be ...
Estonia awards first building permit for an offshore wind farm The Estonian government has approved a draft bill that granted the first building permit for an offshore wind farm in the country. The permit, valid for 50 years, was granted to Saare Wind Energy to construct a 1.4GW wind farm some 11 km off Saaremaa island. The wind farm will be built with 100 turbines, ...
Netherlands nixes offshore wind farm tenders over bad market conditions The Dutch government has decided to delay tenders for two offshore wind farms over deteriorating market conditions for offshore wind energy projects. The tenders for IJmuiden Ver Gamma-A and Gamma-B offshore wind sites were originally planned for September. The two wind farms have a capacity of 1GW each. The government stated that the removal of ...
Inefficiencies proliferate across ageing global tanker fleet The vintage state of the global tanker fleet is leading to severe inefficiencies, with new data showing how many rust buckets have to spend more time not moving or in ballast. Data from broker Gibson shows 51% of the total tanker fleet of 25,000 dwt and above is aged 15 years and older and 22% ...
Scepticism mounts on theory that tariff pause will spark US import boom There was investor euphoria last week that US imports would skyrocket after US president Donald Trump brought down incremental China...
Shipping diverts away from Tripoli as violent Libya clashes escalate Operations inside Libya's UN-backed government controlled port have once again ground to a halt amid rising violence and the risk...
GSL shrugs off disruption to lift first-quarter results Uncertainty and volatility can potentially lead to 'outsized returns' for right owner, says executive chairman George Youroukos
Zim strikes cautious tone, citing uncertainty on rebound duration The coast is far from clear for liner operators like Zim. Volumes are currently surging but more trade-war fallout could...
GCL and Kambara Kisen team up to advance sustainability goals Livanos-linked operating joint venture forges new co-operation with long-established operator of container services and tramp shipping business
Shipping's critical juncture Lloyd's List reporter Joshua Minchin reflects on a disappointing set of results from the IMO/Wista survey of women in maritime...
Containership charter rates get a lift from improving market sentiment CMA CGM secured several ships of between 750 teu and 1,800 teu while Unifeeder has also been active in the...
The week in charts: Container demand soars, but supply chain imbalances deepen | Tariff reprieve upside vs Covid rebound | Transpacific rates spike but Walmart warns Headhaul routes saw strong growth, but backhaul volumes declined for a third consecutive month. As repositioning empty containers becomes more...
Estonia redirects maritime traffic after Russia detains Greek tanker Russia's detention of Greece-owned aframax just three days after another Baltic Sea incident saw Nato and Russian jets scrambled amid...
Don't leave FuelEU pooling to the last minute Columbia Group advisory offshoot EmissionLink says preparing early will save companies money
The week in newbuildings: Chinese shipbuilders win lion's share of orders Chinese shipyards won the majority of orders with French, Indian and Japanese shipbuilders also picking up newbuilding contracts in the...
Hengli Heavy secures Shanghai listing as shipbuilding boom cools Hengli Heavy has secured final approval for its backdoor listing despite a softening newbuilding market and rising global uncertainty
Ofac has raised the bar for sanctions compliance: are you ready? Ofac's updated advisory is a clarion call for maritime stakeholders to evolve beyond basic list-screening
Shipbuilding: supercycle set to continue while US and EU talk up shipbuilding strategies The argument for expanding shipbuilding and marine equipment production in the West is gathering pace, while high demand for new...
Hing Chao: IMO Carbon pricing adds momentum to China's green fuel readiness Wah Kwong executive chairman Hing Chao sees the IMO's new carbon pricing agreement as a 'strong signal' that decarbonisation is...
The Daily View: Treading water
Flag hopping an increasingly popular deceptive shipping tactic among sanctioned fleet There have been 215 flag changes recorded already this year, compared to 200 in the whole of 2024
Daily Briefing Bombarded Ras Isa port resumes operations as security and sanction threats linger | The future is on hold: uncertainty stymies...
Ports look to delay proposed US tariffs on Chinese-made cranes Under their current configuration, the newest round of tariffs targeting China's maritime industry will add $7 billion in costs for US ports, according to one estimate.
Zim restarts China-Los Angeles service to capture fresh import demand The Zim Central China Xpress will restart next week, little more than a month after Zim announced its suspension as part of the carrier's broader 30% to 35% trim in its trans-Pacific network.
US tariff-linked cargo rush causes port congestion, box shortages in China Forwarders expect congestion and container shortages to worsen in the next few weeks as carriers redeploy vessels to trans-Pacific services from Asia-Europe trades to meet increased demand from shippers.
Potential regulatory bombshells flying under MPV sector's radar Breakbulk and project cargo industry stakeholders must take note of the far-reaching potential ramifications of the recently reintroduced US SHIPS Act, writes Associate Editor Carly Fields.
Capacity-demand imbalance to shield truck rates from US import surge Greater interplay between US drayage, truckload markets may appear as imports fluctuate due to shifting tariff deadlines, but little impact seen on pricing.
Houthis vow to target Haifa port in renewed threats against Israel Yemeni rebels warn vessels of all stripes to steer clear of major Israeli terminal
South Korea's top three shipyards battle it out for $500m ethane carrier order Chinese shipyards excluded from ONGC's plan to build three 100,000-cbm vessels
Russia releases Greek tanker carrying Estonian cargo amid row in the Baltic Laden aframax spotted in international waters after forced 24-hour stop off Russian-controlled island of Gogland
Zim shares log solid gain after handing back part of early price surge Stock of Israeli liner operator shoots to 13.5% gain in early trading before cooling off
Trump and Putin speak in bid to make progress toward peace in Ukraine Russian president says call lasted two hours and US counterpart prepares to speak to Volodymyr Zelenskyy
Global Ship Lease profits jump on secondhand sales and strong charter market Forward contract cover locked in for 93% of 2025 days and 75% of 2026 days
VLGC spot market average surges to 11-month high on Asian strength Fixtures in east lift markets and tariffs keep US Gulf Coast more subdued
Capesize spot market drops after a week of strong momentum And things had been going so well
Lauritzen Bulkers brings back BaltNav boss Martin Sato to replace departed CEO Martin Egvang Chartering expert will start at Danish operator in December
Teekay Tankers cashes in on suezmax duo after nearly a decade in group's fleet Nigerian buyer reportedly splashing $75m for duo
US-Iran deal holds promise for tankers, as ageing NITC fleet remains a sticking point Ten years from the last agreement means Iran's tanker fleet is 10 years older
M&M Bank's shipping book grows as tariff turmoil fails to dent financing sentiment Norwegian lender says activity picked up at end of the first quarter
Galveston LNG Bunker Port targets 2027 start-up after securing permits Gulf project finally gets greenlight to move ahead with construction
ArcelorMittal and DryLog venture fixes new LNG bulker on long-term deal Global Chartering says it will operate next-generation ship owned by Kambara Kisen
Singaporean shipowner builds VLCC fleet after snapping up bargain Cosco tanker Beyond Shipmanagement has renamed vessel acquired from giant Chinese state owner
Zim banks huge $296m first quarter profit amid highly uncertain outlook Chief executive Eli Glockman says focus is on what Zim can control in a tricky time
Greek gas carrier player Naftomar ups tanker bet with product purchase from peer Zein family linked firm emerges with yet another ship in $200m product tanker drive
Clarksons Project Finance hires managing director from Fearnleys Hakon Frederic Rosaker will join broker in September
Tanker bellwether Frontline tipped for profit push in positive markets Nordea increases forecast in 'surprisingly stable' freight markets
Titan Clean Fuels weighs how to deploy its bunker fleet in a changing market Ten-year birthday celebrations loom for pioneering Dutch company
India cracks down on owner documentation after insurers refuse to pay out on pollution claims Country's regulator complains that insurers have refused to pay because shipowner premiums were not up to date
PIL profit soars to $1.3bn on the back of stronger freight rates Major Singapore container line says focus on cost management also paying off
Hyundai LNG Shipping floats steamship duo for en-bloc sale Will South Korean owner follow its January move with Moss-type sister ship and accept scrap offers on latest pair?
Norden springs second logistics project in link-up with iron ore miner Danish shipowner has signed a deal with Kimberley Metals Group
Repair yards team up to form new maritime sustainability coalition Global Green Shipyard Alliance aims to fast-track clean technology and set unified ESG standards across operations
Torm boss Jacob Meldgaard buys bargain shares in product tanker company Danish CEO gets his hands on stock worth $18.05 each for just a cent
Buy BW LPG ahead of earnings, says analysts despite 'multiple headwinds' for VLGC market DNB and ABG Sundal Collier cut share target prices
Greenpeace activists go on trial for boarding LPG carrier off South Korea Captain of green group's Rainbow Warrior ship among those appearing in Seoul courtroom
Hill Dickinson spends big to get its name on new Everton stadium Liverpool shipping law firm wins battle for naming rights in its home city
Greek owner and clean-up contractor face long jail terms over Athens oil spill Defendants were accused of deliberately sinking bunker ship
Adnoc L&S splashes out $24m on two bulk carriers Deals corroborate stated plans to keep growing its dry bulk fleet
Greek bulker suffers 'major' hold fire in Amsterdam Vessel was loaded with scrap metal when blaze broke out
Pankaj Khanna-led Heidmar eyes ship buys as annual profit crashes Newly listed manager and pools player plotting deals for a range of maritime assets
UK MPs should consider if sanctions are working, say Lloyd's underwriters Committee is examining if parliament should have greater oversight of Prime Minister Keir Starmer's sanctions policies
China's position as top buyer of Brazilian crude could give way to Europe Rising costs of Brazilian crude make it less attractive for Asian buyers, says Kpler
Odfjell seeks return to Oslo high-yield market with new bond issue Owner mandates banks for five-year senior unsecured bond
China's position as top buyer of Brazilian crude could give way to Europe Rising costs of Brazilian crude make it less attractive for Asian buyers, says Kpler
Cruise recycling picks up with two veterans heading to Alang and Aliaga Only a handful of cruise ships have been sold for recycling since wave of demolitions during pandemic years
No container tsunami heading to Los Angeles, says port chief Los Angeles' port chief doesn't foresee a "huge surge" of import traffic at the busiest U.S. container hub during the tariff pause.
US trade representative holds second hearing on Chinese ship fees The U.S. trade representative on Monday will hold a second hearing into proposed port fees on Chinese ships that could add substantial costs to moving cargo through American ports.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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