NTSB calls for risk evaluations of 68 U.S. bridges for vessel strikes The National Transportation Safety Board (NTSB) recommended March 20 that 30 owners of 68 bridges across 19 states conduct a vulnerability assessment to determine the risk of bridge collapse from a vessel
Vinssen earns AiP certification for Korea's first hydrogen propulsion tug Vinssen Co. Ltd., a maritime decarbonization technology specialist focused on hydrogen fuel cells and supporting systems, has received the Approval in Principle (AiP) certification from the Korean Register for Korea's first tugboat featuring a
BAR Technologies advocates wind energy as key decarbonization solution BAR Technologies is calling for a broader discussion on the future of shipping fuels, highlighting wind energy as a prominent solution. This was based on a recent study by UMAS and the UCL Energy Institute's Shipping and Oceans Research Group, which underscores the difficulties developing nations face in obtaining affordable financing for e-fuel production. The report highlights the economic disp
SC Ports handles over 225,000 TEUs in February South Carolina Ports (SC Ports) recorded 225,532 TEUs in February, translating to an 11% increase over the same month in 2024. This growth was driven by a surge in imports, marking a stronger month after more moderate volumes, according to an SC Ports statement. Inland Port Greer saw 18,669 rail moves, up 18% and its second-highest month ever, while Inland Port Dillon recorded 3,412 rail moves, d
Europe's shipping strength under pressure amid rising Asian competition European shipping has solidified its role as a key geopolitical asset for the European Union (EU), commanding a significant portion of the global fleet. This sector's prominence comes despite the EU's accounting for only 15% of the global GDP, with recent studies indicating that European shipping controls 35% of the world's fleet. The findings were released in the lead-up to the European Shipping
Riga to invest over US$8 million in port upgrades in 2025 The Freeport of Riga Board has approved the 2025 Investment Plan, allocating approximately US$8.1 million to port development-an increase of US$1.2 million or 17% compared to the previous year. This plan encompasses ongoing major infrastructure projects and new strategic initiatives. Sandis �teins, chairman of the Freeport of Riga Board, commented: "The priority of this year's investment plan is
Gaza escalation raises risks of further disruptions in Red Sea The ceasefire between Israel and Hamas ended on March 18, with Israel resuming military operations in the Gaza Strip. This development heightens concerns regarding maritime security throughout the Middle East. Concurrently, the United States has renewed its military strikes against Houthi targets. Tensions have escalated further with President Donald Trump's recent comments, which link Houthi act
Valenciaport sees strong traffic growth in first two months of 2025 The Valenciaport Statistical Bulletin reports a significant rise in container traffic with Angola, which surged by 2,200% in tonnes during the first two months of the year. Trade with Israel also grew by 44.4%, while Algeria saw an increase of 18.7%. Meanwhile, China remains Valenciaport's top trading partner, with 129,724 TEUs exchanged during this period-a 36.44% increase-along with 1,410,867 t
CMA CGM bids to take over Air Belgium's cargo operations French shipping and transportation group CMA CGM wants to enhance its air cargo capabilities, submitting a bid to buy Air Belgium's cargo operations. This decision follows the Walloon Brabant business court's recent revocation of Air One Belgium's previous takeover of Air Belgium earlier in March. Air One Belgium, a consortium of PESO Aviation Management and Air One Holding International, has app
Major box lines move to acquire ownership of chartered vessels Evergreen Marine Corporation, Ocean Network Express (ONE) and HMM have all purchased several ships that they had on long-term charter from leasing companies, as liner operators continue to increase their proportion of owned tonnage
Sweden to launch unified maritime traffic centre The Swedish Maritime Administration and Ports of Stockholm are taking a significant step by establishing a joint maritime traffic centre in Stockholm, aimed at improving the efficiency and safety of vessel traffic from Oxelösund in the south to the northern coast of Sweden. In early March, the two parties signed a cooperation agreement, marking the start of this initiative. The Swedish Maritime A
NWSA box volumes increase in February The Northwest Seaport Alliance (NWSA) reported 257,705 TEUs in February, translating to a 13.7% growth over the same month last year. NWSA representative said that a main driver is Trump's announcement of upcoming tariffs, as shippers are now bringing orders forward to avoid expected additional fees and that continues to push strong volumes via the ports of Tacoma and Seattle, which are included
Ports of Stockholm selects new Cargo Marketing Manager Johan Praetorius has been appointed as the new Marketing Manager of Cargo at Ports of Stockholm. With his experience and expertise in transport and logistics, he will strengthen the marketing and sales department, creating new opportunities for the continued development of Ports of Stockholm. "I am very pleased to have been given this opportunity. Ports of Stockholm is a critical infrastructure o
Industry backlash against US tariffs on Chinese-built ships The US Trade Representative's proposed Section 301 actions targeting Chinese-built and operated vessels are facing staunch opposition from key stakeholders within the maritime industry. The proposed fees, as outlined, aim to address concerns over foreign dominance in shipbuilding but are projected to have far-reaching economic repercussions. The International Chamber of Shipping (ICS), which repr
Bunker indices show mixed trends and fluctuations At the close of the 12th week of the year, the Marine Bunker Exchange (MABUX) indices displayed mixed movements, fluctuating in different directions. The 380 HSFO index experienced a slight increase of US$0.62 to US$500.01/MT, maintaining its level above the US$500 threshold. The VLSFO index also saw a gain of US$2.11 to US$580.57/MT, though it remained below the US$600 mark. In contrast, the MGO
Chinese coal imports expected to fall 15% to three-year low: BIMCO During the first two months of 2025, thermal coal demand weakened due to a 6% y/y decrease in electricity generation from coal. Total electricity generation fell 1% y/y amid an unseasonably warm winter, and generation from renewable sources continued to rise. Coking coal demand dropped due to a 1% fall in steel production. "We estimate that coal shipments to China will show a 15% fall y/y during
CMA CGM announces new West Africa surcharges French box line CMA CGM has announced an upcoming Peak Season Surcharge (PSS), effective from 1 April and valid until further notice. The company will apply a surcharge of US$700 per reefer container from Mauritania to West Africa. Furthermore, due to recent operational constraints in Europe and West Africa, CMA CGM is implementing an Emergency Operational Recovery surcharge to maintain service c
Hapag-Lloyd reports profit decline in 2024 German ocean carrier Hapag-Lloyd reported a slight increase in its 2024 earnings, with EBITDA rising to US$5 billion and EBIT improving to US$2.8 billion. At the same time, Hapag-Lloyd boosted its revenue to US$20.7 billion compared to US$19.4 billion in 2023. However, the company's profit decreased to US$2.6 billion from US$3.2 billion in the previous year. Moreover, EBITDA and EBIT margins both
Seamlessly Connecting Inventory Software with E-commerce Platforms Efficient inventory management is a cornerstone of success in e-commerce. Without a seamless connection between your inventory software and e-commerce platform, businesses risk stockouts, overselling, and fulfillment delays, all of which can frustrate customers and hurt revenue. By integrating inventory software with e-commerce platforms, businesses can automate stock tracking, streamline order m
DP World London Gateway welcomes first Gemini vessel DP World London Gateway has received its first vessel under the new agreement with the Gemini Cooperation, a partnership between Maersk and Hapag-Lloyd. Maersk Stadelhorn is the first ship to call at London Gateway as part of this agreement. The vessel is deployed on Gemini's ME2 / IEX India-Europe service, departing the UK for ports including Hamburg, Tanger Med, Colombo, Kamarajar, Algeciras, a
Port of Los Angeles handles over 800,000 TEUs in February Following a record-breaking start to 2025, the Port of Los Angeles maintained its momentum in February, processing 801,398 TEUs. This marks a 2.5% increase from the previous year and is the second-busiest February in the port's history. "For 17 of the last 19 months, the Port of Los Angeles has experienced year-over-year cargo growth, all without ship delays or back-ups on our docks," commented P
Vietnam demonstrates resilience and emerges as key player in global trade Vietnam is charting a resilient path through the turbulent waters of global trade with a set target of US$454 billion in exports for this year-a commendable 12% increase from the previous year. The year 2025 began on a strong note for Vietnam, with a trade surplus of US$1.47 billion in the first two months and a total import-export turnover of $127 billion-a 12% increase year-over-year. The domes
Gulf Islamic Investments Group to double US portfolio Gulf Islamic Investments (GII) Group plans to expand its presence in the United States by doubling its current US$750 million portfolio through GII Saudi Arabia over the next four years. GII gained significant public attention in the United States following the successful public offering of a stake in zSpace on the NASDAQ in December 2024, building on several prior US investments. The firm's grow
Petrobras extends DOF PLSV charter Norwegian offshore vessel owner DOF has won an extension for one of its pipelay support vessels (PLSV) from Petrobras. DOF said that the extension was awarded to the 2016-built Skandi Buzios. This vessel is currently in the last months of its long-term contract with Petrobras. Namely, the vessel started work under an eight-year contract with ...
Northern Offshore Services enters SOV segment Sweden-based CTV owner and operator Northern Offshore Services has entered the SOV sector through an acquisition of one of Edda Wind's vessels. The Norwegian offshore wind support vessel pureplay said in an Oslo Bors filing on Wednesday that it sold the 2018-built Mistral Enabler to an unnamed buyer. Closing of the transaction is expected to take ...
Fred Olsen Ocean sells out of United Wind Logistics Norway's Fred Olsen Ocean has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Group sister company United Heavy Lift for €48.5m ($52.6m). The Oslo-based Bonheur subsidiary said the transaction should close by end-April and that the gross proceeds from the divestment, including a repayment of shareholder loans, would ...
Golar bags $1.2bn FLNG vessel refinancing Tor Olav Trøim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.2bn and expected to close in the second quarter ...
Norden sells five ships Danish shipping giant Norden has revealed new activity in the sale-and-purchase market with five transactions recently closed in the dry and wet segments. The move is in line with the company's intention to realise asset values, the Jan Rindbo-led owner and operator said. The Hellerup-based company has let go of two unnamed kamsarmax bulkers and ...
DOF secures subsea installation work in Africa Norwegian offshore vessel owner DOF has been awarded a SURF project offshore Africa from an undisclosed energy company. Under this contract, the company will deliver project management, engineering, logistical, and execution services to install flexible flowlines, risers, cables, and associated subsea structures. DOF added that the company would also install a floating production unit on ...
Marinakis lines up VLCC newbuilds in South Korea Greek owner Evangelos Marinakis has moved to add more tanker newbuildings through a fresh deal for very large crude carriers in South Korea. Shipbuilding sources in Greece report Marinakis-controlled Capital has penned a letter of intent with Hanwha Ocean for two firm vessels, with deliveries expected in 2027. The deal includes an option for an ...
CMA CGM moves to take over Air Belgium's cargo business French liner giant CMA CGM has submitted a bid to take over Air Belgium's cargo operations. The Marseille-based carrier's move follows the ruling by the business court of Walloon Brabant earlier this month to revoke Air One Belgium's takeover of Air Belgium. Air One Belgium, a consortium comprising PESO Aviation Management and Air One Holding ...
Traditional bunkers seen as dominant fuel choice for the coming decade Just over 53% of respondents in our ongoing future tech survey believe traditional bunker fuel will still be used for the majority of the global merchant fleet in 10 years' time. The bunkering question is one of 14 topics posed in a survey launched by Splash in partnership with Inmarsat seeking reader input on how ...
Asset manager buys majority stake in OEG Energy for over $1bn Funds managed by affiliates of asset manager Apollo have acquired a majority stake in Aberdeen-based offshore contractor OEG Energy. Apollo bought the stake from funds managed by the Power Opportunities strategy of Oaktree Capital Management and other investors. The headline valuation of the deal is over $1bn. Oaktree and other investors will retain a minority ...
Chouest Group acquires Norwegian ROV manufacturer US-based Chouest Group has acquired Norwegian remotely operated vehicle systems manufacturer Kystdesign. This acquisition strengthens Chouest's subsea capabilities and enhances in-house solutions for other portfolio companies like C-Innovation and ROV services provider ROVOP which was acquired last year. According to a statement from Chouest, the first integrated ROV system under this new arrange
Massive shipowner attendance confirmed for next month's Geneva Dry Alberta Shipmanagement, Alcos Transport, A.O. Schifffahrt, Ariston Navigation, Asiatic Lloyd Maritime, and Asyad Shipping Company are just the shipowners beginning with A who will be attending next month's Geneva Dry, an event that is shaping up as one of this year's largest gatherings of shipowners and operators. Taking place on April 28 and 29 at ...
Edda Wind sheds Mistral Enabler SOV Oslo-listed offshore wind support vessel pureplay Edda Wind has sold one of its service operations vessels. The transaction was done through its subsidiary West Energy which sold all outstanding shares in Puerto de Llafranc S.L., the registered owner of the vessel 2018-built Mistral Enabler. The financial details were not revealed. Closing of the transaction is ...
25% of global steel production is lost to corrosion Germany-based corrosion specialist Steelpaint is calling for urgent action to address the significant environmental impact of steel corrosion, warning that inadequate corrosion protection is contributing more to global CO2 emissions than the entire aviation industry. With the maritime industries consuming an estimated 100m tonnes of steel annually, premature corrosion and subsequent steel renewal
Hafnia debuts bunker platform Product tanker giant Hafnia is set to launch FuelSure - a digital platform aiming to bring greater transparency, accountability, and cost savings to the maritime bunker fuel market - in collaboration with Studio 30 50, a venture growth team in which Hafnia was an early investor. By integrating real-time vessel feedback, lab analyses, and financial ...
When being rational is irrational Risk management is key to survival once the lunatics have taken over the market, writes Pierre Aury. Two ships for one cargo and freight is going through the floor. Two cargoes for one ship and freight is going through the roof. Spot shipping is simply supply and demand, stupid. The next implied step in the ...
NTSB partly blames Baltimore bridge collapse on bridge itself Marine insurance fallout from the Dali disaster will be curbed if the state of Maryland is culpable for the condition...
Hull market 'on brink of turning downwards', conference to be told Event will discuss outlook for war risk and reception of new LOF wording
European shipping calls for urgent green transition strategy European shipping stands at a crossroads, as industry stakeholders call for urgent political action to capitalise on a unique window...
Weak Asian demand at the start of the year weighs on coal market Global coal demand is expected to best plateau in the next few years, the International Energy Agency predicts, though the...
'Maximum pressure' ramps up as Ofac sanctions Chinese 'teapot' refinery The US ramped up the pressure on Iran and purchasers of its oil on Thursday, imposing fresh sanctions on a...
Red Sea war risk rates still firm despite ceasefire Brokers expect instant rebound if Houthis resume attacks on shipping
E-fuel production subsidies could price out developing countries, study finds E-fuel production subsidies could end up helping rich countries more than poor ones if the IMO does not try to...
US port fee plan open to legal challenge Shipowners or shippers of any nationality have right to seek injunction against proposals, say lawyers
Chinese carrier CULines expands reach into volatile Red Sea Although tensions have re-escalated in the Red Sea, CULines has been operating in this market for some time and secured...
US port fees won't hit China shipyards, says BV Asia head The plan by the US government to introduce a port levy on China-built ships could have some benefits for South...
HD Hyundai hire foreign workers to meet surge in ship orders For foreign workers, the company offers promotion opportunities based on South Korean language proficiency tests specifically tailored for shipbuilding
Hapag-Lloyd profits dip to $2.6bn in 2024 Group profit decreased by $543m on the back of lower interest rates and higher tax expenses, the German carrier said
The Daily View: A near art form
Lomar teams up with Newlight to push hydrogen-diesel refits Hybrid refit solution fits its 'act now' and cost-effective values, says Lomarlabs
Daily Briefing Plans to levy China-built ships would have hit 30% of arrivals last year | Syria's online seaborne trade reaches new...
New capacity coming to Asia-Mexico trade despite recent rate pressure A group of seven Asia-based regional carriers are collaborating to add a weekly long-haul service on the eastbound trans-Pacific despite bearish market signals.
Empty containers piling up in Los Angeles-Long Beach after January import surge The growing backlog of boxes awaiting a return to Asia has resulted in finger pointing among stakeholders over how best to address the problem.
Jittery US wine coalition urges hold on EU imports over Trump tariff threat The latest salvo in the US-induced global tariff war comes as the EU said Thursday that a 50% tax on imports of US-produced whiskey will take effect from mid-April.
MAN Energy Solutions set to re-emerge as 'Everllence' in rebranding move Details of new name filters out but bigger reveal that will see historic 'MAN' prefix retired is planned for June
Fred Olsen Ocean sells stake in United Wind Logistics for four times more than it paid United Heavy Lift has bought out its partner's shareholding
Star Bulk's Spyros Capralos bags major post in international Olympic movement Board chairman of US-listed shipping giant rises to executive position at International Olympic Committee
Trump officials lob first sanctions at Chinese refiners over Iran imports Blacklisting adds to 'maximum pressure' campaign against Iran and to moves against Houthi financing
Donald Trump officials lob first sanctions at Chinese refiners over Iran imports Blacklisting adds to 'maximum pressure' campaign against Iran and to moves against Houthi financing
New generation of green ships poses fresh challenge for insurers Gardian Marine set up in London to focus on managing the risks of complex newbuilding projects
Golar LNG snags $1.2bn refinancing deal from Chinese consortium for FLNG unit Facility is expected to close in second quarter
Crude tankers 'spoof' positions as Venezuelan exports hit high ahead of Chevron shutdown Maduro government shipping out more crude ahead of end of Chevron deal next month
Hapag-Lloyd boss bets on watering down of proposed US port fees With $4bn-worth of orders at Chinese yards, German operator has plenty to play for
US green pushback could leave EU ship financiers at 'competitive disadvantage', Hayfin's Jeremy Dean says UK alternative finance provider identifies potential problem with legislation in US states against ESG criteria
UK calls for action after deaths of stevedores in Berge Bulk capesize hold Industry bodies asked to draw up new guidelines for port workers after 2022 tragedy
Ammonia producer and shipowner Yara pushes debt out to 2030 in $1.4bn deal Group taps syndicate of 11 banks for new revolving credit facility
'The John Fredriksen effect': Sweet dry arbitrage proves shipping king still has Midas touch This week's Streetwise looks at how the premium the shipowner brings may impact public owners
Bulker-LNG carrier collision prompts Gibraltar to review pilotage needs Gas ship did not have a pilot onboard as it departed anchorage
Norden confirms five vessel sales and buys back shares Owner-operator has focused on selling bulkers, including one of its newbuildings
Evangelos Marinakis dives in to book VLCC trio at Hanwha Ocean as yard prices weaken Greek owner knocks $3m off last done deal for this upsized design
New cargo transfer location emerges off Hong Kong as aframaxes unload Russian oil Sovcomflot ships reported to have discharged crude on to veteran Chinese ship
John Fredriksen-backed Edda Wind offloads its oldest service operation vessel Owner says it now has a modern fleet ready for zero-emission shipping
SSY has bad news for Donald Trump and shipowners hoping for lower newbuilding prices President's port fees will have no meaningful impact on China's shipbuilding dominance, while price of new vessels is set to hold up, according to research head
Himalaya Shipping rallies as mystery investor adding cash cushion prompts DNB upgrade Equity raise sets company up for 'constructive long-term backdrop'
VLCC rates spike as new cargoes emerge in tight tanker market Activity expected to stay strong, keeping freight earnings high
James Fisher charters Pioneer Tanker MR and hands back leased ships as fleet renewal continues UK group gearing up for delivery of new vessels from China
European Maritime Finance hires new CFO as it delivers aframax to Trafigura Regnar Lykou joins from Nykredit Portfolio Administration
Hapag-Lloyd warns of lower earnings in 2025 as liner giant logs $2.6bn full-year profit Fifth largest liner operator expects Ebitda of $2.5-$4bn in 2025
KNOT Offshore back in black as Shell extends shuttle tanker deal UK-based owner moves out of the red for the fourth quarter
A celebrity lawyer and 'dirty tricks': How injured seafarers claim they were short-changed over compensation Lawyer Tony Buzbee claims he has become a target after representing woman who accused music stars of sex attack
Capesize demand surge set to roll into May on growing bauxite exports Adhira Shipping says low Chinese bauxite inventories and higher Brazil iron ore shipments are driving bulker needs
Himalaya Shipping completes $15m private placement after request from 'high-quality' investor CEO Herman Billung welcomes 'strong new strategic shareholder'
Chinese shipowners speak out on Donald Trump's port fee plan US president and his impending tariffs were very much on everyone's minds during a TradeWinds' forum held in Shanghai
Hing Chao plots rapid green investments to help safeguard family wealth Wah Kwong chief explains focus on decarbonisation bet and why he is turning more positive on the capesize market
Bengal Tiger Line passes baton as new boss takes helm Andrew Winter, who is taking over from Bill Smart, says it will be business as usual at boutique feeder operator
How behemoth AP Moller-Maersk is set to grow its Singapore fleet Key executives say shipowning is just part of the wider Maersk picture
Shipping's $1trn green fuels opportunity may be too pricey for developing nations, research finds Grants and loans could help bridge the price gap as IMO discusses policy measures
Hafnia-backed digital accelerator Studio 30 50 reveals major course change with bunker platform launch Shanker Pillai outlines new model from one-size-fits-all industry solutions to partner-specific problems
Port of Long Beach posts ninth straight monthly cargo gain The Port of Long Beach saw double-digit gains in overall container volumes in February.
Hapag-Lloyd sees mixed earnings in 2024 Red Sea diversions hit liner operator Hapag-Lloyd's profits despite higher revenues in 2024.
Port of Los Angeles sees strong container volumes in February The leading U.S. container gateway saw overall volume climb in February.
Chassis manufacturers look to navigate supply chain, trade changes ahead Fresh off a year of recovery and stabilization, chassis manufacturers are counting on upgraded technology and revitalized fleets to maneuver through challenges in 2025.
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