Oil slick forming after two-tanker collision in Oman gulf Greenpeace Middle East and North Africa (MENA) has warned of a potential environmental disaster after two crude oil tankers collided between Iran and the United Arab Emirates on 17 June. Satellite images indicate an oil slick of up to around 1500 hectares from the site of the collision between the Suezmax tanker, 2002-built Adalynn, and Frontline's very large crude carrier, 'Front Eagle', in the
Shipsgo at Transport Logistic 2025 Held at Messe München from June 2-5, Transport Logistic 2025 is a global exhibition for logistics and supply chain management, information technologies, and mobility. The event, which attracted nearly 75,000 industry professionals and featured over 2,300 exhibitors from more than 60 countries, acted as a global hub for supply chain innovation, networking, and strategy. Shipsgo, a digital platform
MICT becomes first Philippine terminal to deploy fully electric tractors Manila International Container Terminal (MICT), the flagship facility of International Container Terminal Services, Inc. (ICTSI), introduced two fully electric terminal tractors into its operations, marking the first deployment of this kind of equipment at a port in the Philippines. According to MICT Chief Executive Officer Christian Lozano, the initiative is part of the terminal's broader push t
Port of Los Angeles completes major wharf restoration project Port of Los Angeles has wrapped up a US$22.7 million restoration project at Berths 177-182, significantly upgrading its infrastructure along the East Basin Channel in Wilmington. Construction, which began in November 2023 following approval by the Los Angeles Board of Harbor Commissioners two months earlier, involved the development of approximately 382 linear feet of new concrete wharf, 62 feet
Antong splashes out on new containers after abandoning Sinolines takeover Antong Holdings, which owns Chinese liner operator Quanzhou Ansheng Shipping, has announced it will spend US$165 million to buy new containers, citing growth in the domestic liner market. Antong said in a Shanghai Stock Exchange filing that it plans to buy a number of 40-foot and 20-foot containers for business growth and to replace old equipment. Tenders will be called to select suitable vendors
Kalmar launches Automation as a Service to accelerate terminal efficiency Kalmar has unveiled its new Automation as a Service model an innovative, subscription-based approach aimed at transforming the way automation is deployed and managed in marine container terminals and intermodal sites. This offering is designed to deliver long-term operational value by streamlining implementation, reducing upfront investment, and fostering continuous optimization in partnership wi
NWSA debuts shore power at Tacoma's Husky Terminal The Northwest Seaport Alliance has completed the installation of a shore-power system at Husky Terminal in Tacoma, marking a major milestone in its Northwest Ports Clean Air Strategy. On 15 June, Hapag-Lloyd's Kuala Lumpur Express became the first ship to plug into the newly commissioned infrastructure. Husky is now the second international cargo terminal in Washington State with shore-power capa
CMA CGM updates rates from Indian Sub to Central and South America West Coast CMA CGM has announced updated Freight All Kinds rates that will take effect from July 3rd, 2025 and remain in place until further notice. The revised rates apply to shipments originating from the Indian Subcontinent comprising India, Pakistan, and Sri Lanka, destined for Central America and the West Coast of South America. Under the new tariff structure, the FAK rates to Caucedo are set at US$ 3,
Morocco is leveraging the volatile situation though congestion problems remain Morocco is strategically positioning itself as a key maritime hub in 2025, capitalizing on global shipping rerouting and regional tensions to enhance its role in international trade. Ongoing tensions, such as conflicts in the Middle East or restrictions in alternative routes like the Suez or Panama Canals, have led to rerouting of Asia-U.S. East Coast cargo, allowing Moroccan ports to capitalize
Solstad pens two CSV contracts in South America Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV). Solstad said in late April that it won deals for three vessels in Brazil. However, all of the contracts were subject to board approval. Two were for yet unnamed AHTS vessels, and one was for the 2002-built Normand ...
SeaBird Exploration changes name following merger Marine seismic specialist SeaBird Exploration has changed its name to SED Energy Holdings following the successful merger with Singapore's tender drilling rig specialist Energy Drilling. The name and ticker code change, now ENH, will be effective on Euronext Oslo Børs from and including June 20, 2025. Final approval of the listing prospectus for the ordinary ...
Australia places sanctions on 60 Russian tankers The government of Australia has imposed targeted sanctions on 60 vessels linked to Russia's so-called shadow fleet used to circumvent restrictions on oil and gas exports. This move marks the first time Australia has imposed sanctions against the shadow fleet. The vessels within the fleet are operating using deceptive practices, such as flag-hopping, disabling tracking ...
Freight market reacts to soaring Middle East tensions Tensions in the Middle East have reached a boiling point this week as senior US officials reportedly prepare for a potential military strike on Iran, a move that threatens to ignite a wider regional conflict. According to a Bloomberg report citing individuals familiar with the matter, the US is actively planning for the possibility of ...
Lawsuit over halt of US wind projects to go ahead after judge says no to dismissal A Massachusetts federal judge has stated that he would deny a motion set forth by the Trump administration to dismiss a lawsuit against the order to shut down offshore wind projects. A total of 18 attorneys general filed a lawsuit in federal court in May challenging US president Donald Trump's order to stop leasing and ...
Anti-piracy hardware gains traction Edinburgh-based Palaemon Maritime, a maritime security company founded by Royal Marines veteran Steve Regis, has raised $750,000 to scale its alternative to razor wire - a barrier system already in use by major operators like Maersk and ADNOC. After leaving the British military, Regis worked as an armed guard on commercial vessels off the coast of Somalia, intercepting ...
AF Offshore Decom secures Heerema decommissioning gig Decommissioning specialist AF Offshore Decom has been awarded a contract by Heerema Marine Contractors for the onshore reception, dismantling, and recycling of a production platform from the UK sector of the North Sea. The scope of work includes both the topside and jacket, with a combined weight of approximately 15,000 tonnes. According to the current ...
Northern Drilling semisub gets more work off Namibia John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, has won work for one of its semisub rigs in Namibia. The 2018-built semisub rig Deepsea Mira won work with oil and gas player Rhino Resources and will soon drill the Volans-1X exploration well. The Odfjell Drilling-managed rig recently finished operations for TotalEnergies in ...
SBM Offshore pens operations and maintenance deal for Suriname FPSO Dutch floater expert SBM Offshore has signed an operations and maintenance contract with French energy major TotalEnergies for the GranMorgu FPSO set to operate offshore Suriname The contract was signed with TotalEnergies EP Suriname, a subsidiary of TotalEnergies. The unit will be a part of the field development project located in offshore Block 58. The ...
Samsung Heavy files lawsuit seeking billions from Russian counterpart Samsung Heavy Industries said Wednesday it will file a lawsuit against Russia's largest shipbuilder, Zvezda, for "illegally" terminating shipbuilding equipment supply contracts worth KRW4.85trn ($3.5bn). The Korean shipbuilder said it will also seek damages through international arbitration. In 2020 and 2021, Samsung Heavy signed contracts with Zvezda Shipbuilding Complex to supply parts and stee
AI and automation take centre stage in Oslo Splash gets a little help in reporting from a recent tech conference. No longer are artificial intelligence (AI) and automation speculative technologies waiting on the horizon; they are already actively redefining the contours of modern shipping. A recent event in Oslo, jointly hosted by Orca AI and Bureau Veritas, brought together top minds from the ...
ABS issues approval in principle for Korean nuclear power module ABS has issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for a concept of a floating small modular reactor (SMR)-powered power module. The design is intended to generate electricity offshore and near shore, supporting port facilities and onshore communities. The AIP is the ...
Brine-based system offers simple solution in fight against EV fires As EV-related fires continue to challenge the maritime industry - with incidents like the Morning Midas blaze in the North Pacific (pictured) - operators are urgently seeking more effective solutions. A new brine-based firefighting system, developed by Skansi Offshore in close cooperation with naval architect Knud E. Hansen, now offers a simple answer using only ...
Tanker execs lay out Strait of Hormuz scenarios as spot rates double The Strait of Hormuz remains open and insurance premiums have yet to rise, but there is already a significant effect...
Dynacom orders six suezmaxes as Trump China scare dissipates If Greek owners currently seem cautious about penning new orders, pricing and capacity factors may be dampening the deal flow...
Seafarers International Research Centre to close after 30 years While the centre's website and archive will stay active to be used as a resource, it will not take on...
Ukraine asks IMO safety committee to remember the Black Sea Ukraine called on the IMO not to remain indifferent to its plight as it listed deaths, damage, lost trade and...
French shipping titan Louis-Dreyfus dies at 80 Alongside his role leading Louis Dreyfus Armateurs, Philippe Louis-Dreyfus also headed up ECSA and BIMCO in an influential maritime career
Malawi becomes latest fraudulent registry as fake fleet grows 170% The addition of four sanctioned tankers to a fake Malawi flag has taken the number of fraudulently registered ships to...
Japan Engine advances ammonia and hydrogen fuel two-stroke strategy Third-largest designer of two-stroke marine engines is gearing up for expected high demand for ammonia-fuel engines from bulk carrier, gas...
Focus on boring decarbonisation solutions, not future fuels, say shipowners Ammonia, methanol and hydrogen are exciting and dominate the net zero discussion, but comparatively boring breakthroughs are driving shipping onwards...
The Daily View: Broken record
Samsung Heavy seeks damages from Zvezda over $3.4bn contract cancellation South Korean builder is seeking damages through arbitration, but says the cancellation will not significantly impact its business backlog or...
Australia sanctions 60 Russian 'shadow fleet' vessels aiding Ukraine war This marks Canberra's first direct action against ships involved in illicit Russian oil trade. All 60 vessels have already been...
Cosco Shipping signs another jumbo MPV order in expansion push Chinese giant continues its 100+ ship fleet growth push backed by Chinese lessors and builders amid geopolitical tensions
Daily Briefing Landlocked Malawi latest flag targeted by sanctioned tankers | Iran and Israel spar at IMO over maritime safety | Listed...
Months of congestion ahead for North Europe ports: Antwerp-Bruges Strong demand for much of the year has kept North European ports under pressure, slowing attempts to ease the bottlenecks.
Four boxship fires in three weeks spur Indian regulators into action Alarm bells ring after a string of container ship incidents
Capesize spot rates sink lower as tonnage lists grow in the east and west Bright spots in the market remain in the north Atlantic
First ammonia dual-fuel engine makes its debut on Exmar gas carrier Pioneering newbuilding due to be operational in 2026
Bureau Veritas shipping boss Matthieu de Tugny promoted as class society shuffles top teams French classification and certification giant simplifying regional structure and product lines
First ammonia dual-fuel engine makes its debut on Exmar gas carrier Pioneering newbuilding due to be operational in 2026
London Club back at P&I top table after turnaround, says new CEO Insurer says it is successfully rebuilding after boosting its income from shipowner members
Vardinoyannis family scion sets up new shipowning venture Nikolaos Vardinoyannis emerges as client of new Greek outfit Metis Ship Management
Iran issues new threat to shut Strait of Hormuz chokepoint as vessel traffic carries on Member of the parliament's National Security Committee said such an option on the table
Torm bags profit on product tanker brace as asset values dip Danish owner acquired vessels from Team Tankers in 2021
New project finance investor raises $33m in Nordic listing Newcomer is seeking 12% to 14% dividend yield after going public
Don't switch off your AIS to dodge missiles in Middle East Gulf, Skuld warns owners Biggest risk to shipping is currently from collateral damage from Israel-Iran conflict, says analyst
Oil slick seen near blaze-hit dark fleet tanker, says Greenpeace Satellite images purport to show pollution following collision with Frontline VLCC
Christen Sveaas-backed Western Bulk elects London commodities trader as board member New director Espen Abo is head of base metals and bulk trading at Engelhart
Procopiou books six new suezmaxes at Chinese shipyard as US trade war cools Greek tycoon's family exercises string of options to boost original order inked in April
Blaze-ravaged dark fleet tanker involved in Frontline collision 'stable' after 'bloody amazing job' by firefighters Fire on suezmax Adalynn put out as salvage companies watch from a distance
Sanctioned Russian shipbuilder to build 18 new tankers United Shipbuilding Corp sales deputy director Natalia Oshiker says Lotos Shipyard will build the first trio
Chevron and Petrobras tied down VLCC term charter cover before Middle East rate explosion Brokers report two big tankers taken on term deals ahead of Israel's attack on Iran
Brine firefighting system launched to tackle electric vehicle blazes on ships Salt water solution at 19C below zero injected into burning cars to control thermal runaway
Shipbroker panellists who fail to pass new data checks could be 'benched' by Baltic Exchange UK organisation says monthly audits are to be carried out to improve index quality
Seawater firefighting system launched to tackle electric vehicle blazes on ships Salt water solution at 19C below zero injected into burning cars to control thermal runaway
Clarksons Project Finance strikes fresh S&P deals to boost portfolio to $600m Broker sees 'strong pipeline' of new projects after an active start to the year
Matrix recruits Columbia technical chief Geoff Ramsay to run ship management Cypriot group adds experienced shipping executive as it seeks global expansion
Shell boss Wael Sawan raises signal jamming fears in Middle East energy shipping artery Oil major's CEO says Strait of Hormuz disruption would have huge impact on global trade
Ship blown up by Houthis in Red Sea sold by Greek owner Recycling is the most likely outcome for the Sounion, sources say
ZeroNorth hires former Uber tech wizard Kare Kjelstrom to top team Danish optimisation platform beefs up expertise with renowned Nordic specialist
V.Group commercial director Abhishek Asija leaves to join world of social entrepreneurship Veteran has been with ship management giant for eight years
Cosco Shipping Bulk behind $1.5bn order for 30 vessels The series of 80,000-dwt newbuildings is costing a whopping $1.5bn
Mercuria tanker to load first international export cargo from huge new Nigerian refinery Swiss trader and owner said to be shipping petrol to Asia
SSY marks 145 years in shipbroking at Oslo's National Museum Guests raise a toast to company founded in New York in 1880
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation Shipping investment company will wind up in third quarter
Solvang signs LoI for carbon capture system retrofit of VLGC newbuilds Full-scale CCS retrofit and integration expected to begin in late 2026
Australia sanctions 60 vessels in Russia's dark fleet for the first time However, most of the ships are unlikely to ever call at Australian ports
'Balls of steel': executive reveals essential quality to survive volatile dry bulk market Hamish Norton educates Marine Money audience, and he's not describing another Star Bulk cargo
Citic Financial Leasing strikes mammoth order of 30 large MPPs for charter to Cosco The series of 80,000-dwt newbuildings is costing a whopping $1.5bn
Canada Post, rural postmasters agree to new contract Canada Post has agreed to a new contract with its rural postmasters, but remains at loggerheads with its largest union.
DHL Express prepares to open $140M cargo facility at Lyons airport The airport in Lyons, France, is significantly expanding its cargo infrastructure with the opening of a replacement terminal for DHL Express and construction underway on a general warehouse and pharma center to be occupied by Worldwide Flight Services.
Solar to power half of Port Newark box terminal's energy needs The completion of a 7.2 megawatt (MW) solar installation at PNCT in New Jersey marks a landmark achievement for the hub's sustainable future.
Trump Administration Tariff Updates - June 19, 2025 With the July 9 deadline for finalizing trade deals approaching, the Trump administration is advancing its global tariff strategy. This report outlines the latest developments in tariff implementations and ongoing negotiations with key trading partners. Details of U.S.-China Trade Deal High-level negotiations in London, concluded on June 10, 2025, have produced a framework agreement with [...]
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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