NTSB: A single loose wire caused Dali blackouts that led to Key Bridge disaster The National Transportation Safety Board said Tuesday that a single loose wire on the 984-foot-long containership Dali caused an electrical blackout that led to the giant vessel veering and contacting the nearby
Nine new Med Marine tugs will get advanced Kongsberg Maritime thrusters and winches Kongsberg Maritime has signed a contract to supply Turkish shipbuilder and tug operator Med Marine with azimuth thrusters and a combination of electric and hydraulic towing winches for nine new tugs. The
Eastern Shipbuilding suspends work on Offshore Patrol Cutters Panama City, Fla.-based Eastern Shipbuilding Group says that it is suspending work on the U.S. Coast Guard Offshore Patrol Cutter (OPC) program, citing the "significant financial strain caused by the program's structure
Carpenters Shipping adds Honiara call to PWX service Carpenters Shipping has announced an upgrade to its PWX service with the Carpenters Orion adding Honiara to its port rotation beginning with voyage 2601S/N. The new call will provide improved frequency to and from Honiara, responding to rising market demand in the region. The updated rotation will appear in the company's published schedule this week. Carpenters Shipping thanked customers for thei
Kongsberg powers Med Marine's electric tugs Kongsberg Maritime will supply Med Marine with US-series azimuth thrusters and electric and hydraulic towing winches for nine new tug designs, including the all-electric 'VoltRA' series built at Med Marine's Eregli Shipyard. The contract covers eight shipsets of US255 thrusters for RAmparts 2500-W and RAstar 3200-W tugs, plus a US205 thruster for the VoltRA. It also includes five shipsets of new
DHL Express, Phillips 66 partner on major SAF deal DHL Express and Phillips 66 have signed a three-year agreement to supply over 240,000 metric tons (≈83 million gallons) of Sustainable Aviation Fuel (SAF) in the U.S. The SAF is expected to cut lifecycle greenhouse gas emissions by roughly 737,000 metric tons compared to conventional jet fuel. Most deliveries will go to Los Angeles International Airport (LAX), with plans for other West Coast airp
APMT MVII, Kaleris deepen digital partnership APM Terminals Maasvlakte II (APMT MVII) and Kaleris have signed a new agreement to strengthen their strategic partnership and accelerate digital innovation at the Rotterdam terminal. The agreement supports the continued integration of Kaleris' supply chain execution software. APMT MVII aims to boost automation, improve operational predictability, and reduce complexity while delivering more consis
Digital Twins in Maritime Logistics: Simulating Ship and Port Operations The maritime industry is undergoing a digital transformation, and one of the most compelling advancements reshaping its future is the concept of digital twins. These virtual replicas of real-world systems are more than just simulations - they are dynamic, data-driven tools that evolve alongside their physical counterparts. In maritime logistics
Port of Virginia CEO Stephen Edwards to step down Stephen A. Edwards, CEO and Executive Director of the Virginia Port Authority (VPA), announced he will step down at the end of 2025 to pursue a private sector role. Edwards, who has led the VPA since January 2021, oversaw the completion of the $1.4 billion capital investment program on time and on budget. During his tenure, the port grew volumes, revenues, and earnings, attracted record port-cent
Kuehne+Nagel names Aaron Scott UK National Manager Kuehne+Nagel has appointed Aaron Scott as National Manager for the UK, effective May 1, 2026. Scott brings nearly 30 years of logistics and supply chain leadership. He will focus on strengthening the company's UK market position and driving business growth with customers. "I am excited to join Kuehne+Nagel, known for its customer service and technological innovation. Partnering with customers to
SCFI drops 2.9% in Week 46 The Shanghai Containerized Freight Index (SCFI) fell 2.9% in Week 46 to 1,451.38 points, according to Japan International Freight Forwarders Association (JIFFA). Spot rates for exports from Shanghai weakened on routes to North America, South America, and Africa. The market moved into the slack season, and supply and demand were out of balance. On the east-west trades, rates rose 7.1% to $1,417 pe
Port of New Orleans appoints new Chief Operating Officer The Port of New Orleans has announced the appointment of Morten Møller Jensen to its executive leadership team as Chief Operating Officer. In this role, Jensen will oversee all port operations, with direct responsibility for day-to-day management and successful delivery of the Louisiana International Terminal, a transformative infrastructure project for the state and region. With more than four d
Port of Hamburg container throughput up 8.4% in 2025 Container throughput rises 8.4% to 6.3 million TEU; seaborne cargo up 3.4% to 86.8 million tonnes Throughput at the Port of Hamburg remained robust after the third quarter of 2025. While U.S. container traffic declined, trade with Asia and Europe continued to grow. Container throughput continues to grow; bulk cargo stable From January to September 2025, seaborne cargo throughput increased 3.4% ye
MSC bets on feeders promoting connectivity over capacity MSC's unprecedented order for over 100 feeder vessels defies everything shipping economics teaches about overcapacity. MSC's aggressive feeder procurement 100+ vessels totaling ~300,000 TEU contradicts traditional commercial logic given industry-wide overcapacity at 18-20%. This divergence signals deeper geopolitical positioning rather than pure market optimization
SANY Heavy Industry Q3 revenue up 10.7% on 'Three Transformation' Strategy SANY Heavy Industry Co. Ltd. reported strong third-quarter results, driven by its strategy focused on globalization, digitalization, and low-carbon development. Q3 revenue reached $2.96 billion , up 10.73% year over year . Net profit attributable to shareholders rose 48.18% to $0.27 billion . For the first three quarters of 2025, revenue totaled $9.18 billion (+13.56% YoY), and net profit climbed
Luka Koper orders four more electric RTGs Luka Koper has placed a repeat order for four electric Konecranes Rubber-Tired Gantry (RTG) cranes for the Port of Koper in Slovenia. The port ordered four identical units in 2024. Konecranes booked the new order in Q3 2025, and delivery is planned for Q2 2026. The Port of Koper is Slovenia's only cargo seaport and a major Adriatic hub for Central and Eastern Europe. Luka Koper continues to upgra
LR, Jinan Shipyard form Gulf partnership Lloyd's Register (LR) has signed an MoU with Qatar Free Zone-based Jinan Shipyard to collaborate on vessel development, classification, inspection, and certification, covering yachts, tugs, and other marine assets. The partnership aims to raise shipbuilding standards across the GCC by strengthening safety, quality, and sustainability. Under the agreement, Jinan Shipyard will build and repair vess
Freightos reports strong Q3 2025 results Freightos Limited reported strong third-quarter results, with revenue up 24% year over year and continued growth across its digital freight booking platform. "Q3 delivered record revenue and transactions as more industry players adopt digital booking," said CEO Zvi Schreiber. "Rate volatility is accelerating the shift to transparent, agile digital tools. Our new multimodal solution opens a larger
HMM and B International form JV to expand LPG Shipping HMM has partnered with B International Shipping & Logistics, a BGN Group company, to launch a new joint venture called HMMB INT Shipping Pte. Ltd in Singapore. The JV will expand both companies' liquefied petroleum gas (LPG) transport operations. The companies signed the agreement on November 5 at HMM's Seoul headquarters, confirming their commitment to close cooperation. Each partner holds a 50%
Port of Hueneme hosts Chiapas Delegation to boost trade The Port of Hueneme welcomed senior officials from the State of Chiapas, Mexico, to advance commercial cooperation and strengthen trade links between California and southern Mexico. Mexico remains one of the Port's top partners, moving more than $483.95 million in cargo and 10,083 TEUs annually. The delegation included Conrado de la Cruz, Undersecretary of Commerce for Chiapas, and César Rodrígue
NTSB finds loose wire behind Dali blackout Federal investigators have determined that a single loose wire in the electrical system of the Dali caused the blackout that left the vessel without propulsion or steering before it struck Baltimore's Francis Scott Key Bridge, leading to its collapse and the deaths of six highway workers. During a public meeting at NTSB headquarters on Tuesday, investigators explained that the loose wire caused a
SC Ports imports edge down South Carolina Ports handled 206,859 TEUs in October, a 1% drop from last year, while fiscal year volumes stayed above plan. Loaded exports were strong, up 18% year-over-year, the best month since June. The slowdown mirrors national trends. U.S. containerized imports fell 7.5% in October after summer front-loading. SC Ports President and CEO Micah Mallace said the port will continue supporting BC
Port of LA approaches 10M TEUs in 2025 The Port of Los Angeles handled 848,431 TEUs in October, delivering a solid result despite ongoing trade volatility. Through the first 10 months of 2025, the Port processed 8,655,489 TEUs , up 2% year on year. "With six weeks to go, we are within reach of the 10 million container unit mark," said Executive Director Gene Seroka. "If achieved, it would be the third time in our history-and a first
Syrian port revival collides with Morocco's Mediterranean attempts to dominate DP World's thirty-year commitment to modernize Tartus arrives as North African infrastructure fundamentally rewrites regional transshipment geography, leaving Syria racing to reclaim relevance in a basin that has already shifted its center of gravity
AHG signs land lease with NEOM in Oxagon Oxagon, the reimagined industrial city of NEOM, has announced the signing of a land lease agreement between NEOM and Abdullah Hashim Industrial Gases & Equipment. As part of a planned SAR 600 million investment, AHG will develop in multiple phases a state-of-the-art industrial gases production and distribution facility in Oxagon's Industrial Quarter, the city's dedicated industrial district. With
Suez Canal's optimism on traffic recovery defies market reality Major carriers remain on Cape route as security concerns overshadow canal authority's recovery narrative
CentrePort launches commercial private 5G network Wellington's CentrePort and Maori-owned spectrum and digital infrastructure specialist Tu Atea have officially launched New Zealand's first commercial private 5G network, marking a major advancement in productivity, safety, and Maori leadership in infrastructure. Built at the heart of the port environment, the dedicated private 5G system provides CentrePort with full-site high-performance connect
Port of Oakland recorded increased loaded cargo The Port of Oakland handled 182,879 TEUs in October 2025, marking a 2.2% increase compared to September 2025. The month-to-month gain reflects steady full-container activity as global shipping continues to rebalance. Full container cargo remained resilient, with full imports up 0.9% year-over-year and full exports down just 0.7%. The overall 5.5% decline in annual volume resulted primarily from s
ICS Gathers Global leaders to tackle geopolitical and trade pressures The International Chamber of Shipping (ICS), the Hong Kong Transport and Logistics Bureau, and the Hong Kong Shipowners Association co-hosted the Global Maritime Trade Summit in Hong Kong amid rising geopolitical tension and shifting trade patterns. Senior policymakers and industry CEOs called for cooperation, innovation, and investment to strengthen global supply chains. A closed-door ministeria
Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively in the third quarter o
Okeanis Eco Tankers moves for two suezmax resales in $194m deal Greek owner Okeanis Eco Tankers is moving to expand its crude fleet with the purchase of two suezmax newbuilding resales, backed by a planned share issue to help finance the deal. The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed to buy the 157,000 dwt tankers for $97m each. The vessels ...
New industry alliance targets plastic pollution at sea A group of big shipping names has launched a new alliance aimed at cutting plastic pollution in the world's oceans. The Maritime Association for Clean Seas (MACS), founded by ocean impact organisation Seven Clean Seas (SCS), brings together members including Berge Bulk, X-Press Feeders, Bernhard Schulte Shipmanagement, and Britoil Offshore Services. MACS aims to reduce ...
Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch West African LNG exporter Nigeria LNG (NLNG) is moving ahead with a fresh round of fleet renewal, with its shipping arm Bonny Gas Transport (BGT) selecting China's Hudong-Zhonghua Shipbuilding for a new tranche of LNG carrier tonnage. Newbuilding sources said BGT has agreed to contract three 174,000 cu m LNG carriers at the Shanghai yard, ...
DeepOcean scores UK subsea contract DeepOcean has secured a new contract on the UK continental shelf to deliver subsea construction and tie-in work for a field that will be developed as a subsea tieback to an existing host facility. The job covers the installation of a flexible production riser, a flowline and an umbilical linking the host to the subsea ...
Hoyer joins forces with VMS Group Electric motors and automation solutions supplier Hoyer has merged with marine service provider VMS Group. The newly formed company, named Hoyer VMS Group, will deliver a unique global offering for power and motion solutions across marine and industrial markets. Hoyer VMS Group will organise its commercial activities into three value streams - new sales, project ...
Iran lets go of seized product tanker The Marshall Islands-flagged product tanker Talara has been released by Iranian forces, ending a brief seizure that began late last week near the Strait of Hormuz. All 21 seafarers on board are reported safe. Columbia Shipmanagement, which manages the 73,371 dwt vessel, said the Talara was freed at 04:42 local time on November 19 and ...
Suez traffic shows first signs of recovery Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt hoping the recent truce announced by the Houthis will lead to a full-scale return to normal traffic on the artery connecting trade between Asia and Europe. According to Clarksons data, on average in October, about 244 ships across all ...
Watch the finals of The Captain's Table live on Splash The Captain's Table 2025 Pitch Competition will air today on Splash live from Hong Kong. This year will see the latest cohort of startups pitching live from 4pm Hong Kong time (8am GMT) to a global, in-person audience in Hong Kong and online. The Captain's Table is one of the leading global pitch competitions designed ...
Maersk Tankers and Alpha Omega surface in Yangzijiang newbuild drive Fresh details have emerged around Yangzijiang Maritime's newbuilding push as the Singapore-listed company makes its market debut, with Maersk Tankers and Alpha Omega now linked to two separate joint-venture orders in China. According to multiple brokers, a JV between Yangzijiang Maritime and Singapore-based Alpha Omega has ordered four 40,000 dwt bulk carriers at a Chinese ...
ArcelorMittal-DryLog venture books newcastlemaxes in China Global Chartering, the Greek-Indian joint venture between Peter Livanos' DryLog and steelmaker ArcelorMittal, has pressed ahead with its fleet renewal plans after securing new tonnage in China and sounding out yards for further orders. Shipbuilding sources said the Mauritius-registered JV has ordered two firm 211,000-dwt newcastlemax bulk carriers at China Merchants Industry (CMI) Qingdao, with ...
Lianson Fleet, PV Drilling seal pact for Malaysian jackup rig JV Lianson Fleet Group (LFG), formerly known as Icon Offshore Group, has entered into a non-binding agreement with PV Drilling to create an offshore jackup rig joint venture in Malaysia. Under the joint venture, Lianson Fleet will hold a 51% stake, while PV Drilling will hold the remaining 49%. The companies will provide three directors each. ...
Putin orders funding for deepwater exploration in North Korean waters Russia is set to funnel nearly $10m in 2026 into joint oil and gas exploration off the coast of North Korea. The focus of the investment is placed on the deepwater basin in the Sea of Japan. The move was confirmed by Russia's first deputy finance minister Irina Okladnikova during a recent budget committee session ...
Baltimore bridge collapse traced to one loose wire The National Transportation Safety Board in the US said Tuesday that a single loose wire on the 300 m long containership Dali caused an electrical blackout that led to the vessel veering and contacting the nearby Francis Scott Key Bridge in Baltimore, which then collapsed, killing six highway workers. At Tuesday's public meeting at NTSB ...
Germany's first offshore wind farm begins decommissioning path Vattenfall, EWE, and RWE have kicked off the qualification phase for the decommissioning of Alpha Ventus, setting wheels in motion for the retirement of Germany's first offshore wind farm. The wind farm was commissioned in 2010 and is located roughly 45 km north of Borkum Island in the North Sea. With Vattenfall confirming plans to ...
Precise: 'Vibe' chartering is the next gear for brokers When former shipbrokers in Geneva teamed up with Swiss research institutions to rethink how chartering work gets done, they didn't expect the idea to snowball into a full AI platform used by charterers, owners and brokers. But that's what happened with Precise and its Spotlight system, a tool built to cut through the most time-intensive ...
HD Hyundai celebrates record-breaking delivery of 5,000th vessel HD Hyundai has become the world's first shipbuilder to build and deliver 5,000 ships, marking just over half a century since its first vessel delivery in 1974. The 5,000th vessel delivered by HD Hyundai was the Diego Silang, the second offshore patrol vessel built for the Philippine Navy. Since delivering its first vessel-the 260,000 dwt ...
HMM forms LPG joint venture with BGN HMM is teaming with Dubai's B International Shipping & Logistics, a BGN group company, to expand LPG shipping revenues. The new joint venture, HMMB INT Shipping, is based in Singapore with plans to operate two 88,000 cu m VLGCs, which are due for delivery from HD Hyundai in 2027. HMM previously operated five LPG vessels ...
Why true change for women at sea demands more than policy Splash canvasses the industry on how to rethink the maritime blueprint to get more of a gender balance in maritime. For years, the shipping industry has promised inclusion. Campaigns have been launched, slogans crafted, panels convened. Yet, in 2025, women remain a rare sight on most bridges and engine rooms. The story isn't about ability ...
The changing role of imports vs exports in US crude tanker trades US imports of crude are down and face continued headwinds. US crude exports rebounded in September and October but are...
FuelEU pooling can make biogas viable Selling surplus compliance makes bunkering with low-carbon bio-LNG easier for Finnish wood products company UPM as it seeks to cut...
Star Bulk sees escalating need for dry bulk fleet renewal Nasdaq-listed owner of large bulker fleet confirms new trio of newbuildings at Hengli Heavy
Okeanis raises $115m for suezmax resale acquisitions Brace of new tankers is expected to be delivered from Korean yard in January
Black Sea war risk market avoids 'knee-jerk reaction' to renewed clashes Spate of recent attacks on ports edges prices up, but only gently
China Merchants chief urges shipping to 'break barriers' amid geopolitical turbulence China Merchants' chairman used Hong Kong Maritime Week to signal that Beijing's state shipping champion wants to shape, not just...
Baltimore bridge collapse caused by single loose wire NTSB chair Jennifer Homendy said finding the loose wire was akin to finding a loose rivet on the Eiffel Tower
ICS pushes for more frequent enclosed space training With training for operating in enclosed spaces only offered at the start of a seafarer's career, senior ranks can be...
Yangzijiang orders quadruple in second half but lag behind last year Turbulent geopolitical climate has suppressed appetite for new orders, but chief executive Ren Letian sees sentiment improving as orders rise...
Tanker seized by Iran released Marshall Islands-flagged Talara was released on Wednesday morning by Iran, one day after it appeared to have unloaded its cargo...
The Daily View: The sum also rises
Semiramis Paliou elected to third term at helm of Helmepa With another three years, Diana Shipping chief executive eyes record-equaling eight years leading historic anti-pollution body
Daily Briefing From zombie tankers to fake IMO numbers: the identity frauds now playing out at sea | Power politics erode IMO's...
Montreal longshore arbitration expected to conclude in Q1 2026 The conclusion of Montreal's long-running labor dispute with its longshore union will coincide with expiring contracts at other East Coast ports.
US restocking, Red Sea return the two big unknowns for 2026: Hapag briefing A surge in replenishment activity in the US could turbocharge container shipping demand, while a wholesale return of container ships to Red Sea and Suez Canal transits would have a far-reaching market impact, speakers on a panel sponsored by the carrier said Wednesday.
Asia-Europe carriers to levy yet another rate hike on Dec. 1 A series of freight-all-kinds increases since Oct. 1 has held up the spot market on the trade, with carriers aiming to sustain the pricing momentum through Q4 contract talks.
Steadier capacity in November adds to India-USEC ocean pricing pressure As a result of that heightened overcapacity, spot rates on the trade lane are at their lowest since February.
US-China trade spat reshapes ship funding landscape Chinese leasing revival and bond surge reshuffle funding playbook, panel says
LNG market set for 20 years of growth but faces demand uncertainty, Poten says Timing is everything amid greater complexity, brokerage's analyst explains
Red Sea crisis drives EU ship emissions to highest levels on record Container ships that called at EU ports sharply increased their emissions after rerouting around Africa
Feeders catch Angeliki Frangou's eye as fraught geopolitics favour small vessels Owner says one needs to be 'alert' to the possibilities small tonnage offers
Capesize spot rates break through $30,000 level as seasonal strength kicks in Momentum in fixing activity has been given a shot in the arm, which has kick-started growth in spot rates
Hartmann LPG carrier suffered blackout due to generator error, probe finds Australian accident report also shows company's safety management system did not have adequate risk controls
Okeanis Eco Tankers stock plunges as equity issue uses 'juicy NAV premium' Owner to finance remaining portion of suezmax deal with debt, Arctic says
Okeanis pays 'attractive' price as Atlas Maritime identified as seller of suezmaxes Leon Patitsas company has previously been linked to resale deals at DH Shipbuilding
James Bond jetpacks and superhumans: The future of maritime salvage Senior executive at T&T Salvage says industry will harness military developments to safely fight fires
Transpacific container freight rates rocked by sharp 30% drop Rates from Asia to US West Coast plummet while those to the US East Coast spike
End 'offensive' Covid insurance clauses, broker demands Measure was introduced in 2020 amid spiralling cost fears, but Lockton executive says it's time for them to go
John Fredriksen's Seatankers joins suezmax tanker order rush Shipowner John Fredriksen has 13 suezmax tanker newbuildings on order at shipyards in China
Diana spin-off builds crypto holding to $133m as it changes ticker in strategy switch Bulker and tanker owner OceanPal spends proceeds of private placement
Pappu Sastry drops London IPO plan for shipping and mining logistics operation Adhira Shipping & Logistics owner also reveals new mining consultancy venture
Abandoned ships and shady crypto deals: Dark fleet demolition sliding into the shadows Governments must create a legal pathway before catastrophe forces their hand, experts say
Maersk Tankers turns a profit on Japanese product tankers it bought last decade Danish owner is said to have captured the value in a strong secondhand market
Battle begins as Trafigura sues over $590m fake nickel cargoes Giant trader took Indian businessman to court in row over 'Ponzi scheme'
Evangelos Pistiolis hails Top Ships leaseback sales after releasing cash equalling market cap Greek owner's CEO says debt remains at very conservative level following refinancing
Greek owner linked to firm price for suezmax as Stena Bulk sells again Swedish owner's Stena Sunshine said to have gone for at least $58m
Iran releases product tanker held for five days after voiding its cargo All 21 seafarers on board the Talara are 'safe and in good spirits'
'Too high discount': CMB.Tech gets buy rating as ABG initiates stock coverage Analysts see 35% upside for Belgian owner
'Ticking time bomb': Dark-fleet demolition sliding into the shadows Governments must create a legal pathway before catastrophe forces their hand, experts say
Awilco LNG seeks longer-term business for its two redelivered vessels Shipowner sees challenging market in 2026 but strength further out
Okeanis Eco Tankers snaps up suezmax tanker newbuildings Greek owner targets raising $100m in equity issue
HMM steps up gas push with energy trader partnership Singapore-based venture has already chartered two VLGC newbuildings
Banking giant Nordea names global head of shipping as it targets 'tomorrow's winners' Thor-Erik Bech sees industry consolidation as a running theme
Star Bulk confirms Hengli newbuilding trio, prompted by 'robust' fundamentals Bulker owner posts 21st consecutive quarterly profit
Chinese lessor sells bulker at initial reserve price after two-month wait CMB FL ultramax sells in second auction attempt
NGO Shipbreaking Platform outlines its requirements for acceptable green ship recycling While not averse to the recycling of ships in South Asia, the platform wants further improvements including a move away from beaching
HD Hyundai celebrates world first with delivery of 5,000th newbuilding Shipbuilding giant has built vessels for 700 owners in 68 countries across 51 years
Maersk boss bangs AI drum to build the 'infrastructure of the future' Vincent Clerc talks up digital twins, automation and next-generation shipyards
'Once-in-a-century period of change': China Merchants and CSSC chiefs warn of global turmoil Chinese industry heavyweights cite chokepoint shocks, cost volatility and green-tech demands as global risks rise
Will there ever be a peace deal between the Basel and Hong Kong Conventions? Conflict between two bodies seeking to regulate the sale of scrap tonnage set to continue for at least two more years
Misplaced label on a wire led to ship strike that destroyed Baltimore's Key Bridge, probe finds NTSB approves safety recommendations to HD Hyundai Heavy Industries and more over electrical system on the Dali
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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