U.S., Canada and Finland recommit to ICE Pact Homeland Security Secretary Kristi Noem on Tuesday hosted Canadian Ambassador to the U.S. Kristen Hillman and Finnish Minister of Economic Affairs Sakari Puisto., at a Ministerial Meeting where all three countries signed
VIDEO: SF Bay Ferry commissions its newest ferry MV Zalophus San Francisco Bay Ferry last week celebrated the commissioning of its final diesel powered vessel, MV Zalophus, the agency's newest high-speed passenger ferry and the 19th vessel in the SF Bay Ferry
Valenciaport records increase in exports in October Export container traffic at Valenciaport during October showed an increase of approximately 11.7% compared to the same period last year. In October, a total of 492,772 containers were handled by Valencian terminals, of which 85,961 contained cargo destined for export. The Statistical Office of the Port Authority of Valencia recorded that traffic at its headquarters in Valencia, Sagunto, and Gandi
London Container Terminal welcomes container service London Container Terminal in Tilbury welcomed a new dedicated reefer container service bringing fresh food directly into the UK from Morocco. The weekly Samskip service commenced this week when the Samskip Toubkal made its first call at LCT with its cargo of fresh produce, including tomatoes and citrus fruit destined for UK supermarkets. Samskip's Moroccan Reefer Service is a weekly shortsea cont
APM Terminals to invest in Peru with Callao port expansion Dutch port operator APM Terminals will invest $550 million to expand Peru's Callao port starting in January, according to Reuters. The two-year project aims to increase the terminal's capacity to 24,000 containers, Fauche told journalists during an event celebrating the launch of direct arrivals from Asia to the facility on Peru's central coast. Peru's Callao port in November began offering new d
Fincantieri secures long-term concession at Ancona Port Fincantieri has signed a multi-decade concession for the Port of Ancona, allowing the company to use over 314,000 sqm of land, water, and existing facilities for shipbuilding activities. The agreement, valid until 2064, was signed by Vincenzo Garofalo, President of the Central Adriatic Sea Port System Authority, and Fincantieri CEO Pierroberto Folgiero. Fincantieri will invest around 40 million e
Sea-Intelligence: MSC's strategy creates two-tiered TATL fleet In issue 74, Sea-Intelligence Sunday Spotlight , analysed the deployed vessel capacity on the Mediterranean to North America East Coast (MED-NAEC) trade lane. Sea-Intelligence's analysis of the second half of 2025 reveals a sharp divergence between the average and median vessel sizes, indicating that the trade lane's vessel size composition is being altered by a small number of new, larger vessel
ZIM reports third-quarter 2025 results ZIM Integrated Shipping Services has reported its financial results for the third quarter of 2025, posting lower earnings year over year as freight rates and volumes continued to decline in a challenging global trading environment. ZIM recorded net income of USD 123 million, compared with USD 1.13 billion a year earlier, equal to USD 1.02 diluted earnings per share. Quarterly revenues totalled US
Gulftainer launches GT Lines Intra-Gulf Express (IGX) service Gulftainer is launching GT Lines' Intra-Gulf Express (IGX) in December, offering a fast, reliable short-sea shipping link across the GCC and Iraq. The service connects Oman, UAE, Qatar, Saudi Arabia, Kuwait, and Iraq (Umm Qasr ICT - GT Terminal), providing businesses with smarter cargo movement across the region. IGX features weekly fixed-day sailings, optimized routes, and short lead times, ensu
Pattaya Airways expands digital cargo access via WebCargo Freightos, the global booking and payment platform for international freight, announced that Thai freighter operator Pattaya Airways has joined WebCargo by Freightos. The partnership gives freight forwarders instant digital access to book and pay for cargo capacity across Pattaya Airways' Southeast Asia network. Through this integration, WebCargo users can now book regional freighter services con
Maersk opens flagship logistics centre in Shanghai Maersk has officially opened its flagship logistics centre in Shanghai's Lin-gang area, marking one of the company's largest warehousing investments worldwide. The state-of-the-art facility, built with an investment of more than USD 140 million, spans 113,000 square metres with 147,000 square metres of storage space. Designed to support customers in China, the wider Asia-Pacific region and global
GEODIS grows warehouse network in Poland GEODIS, a global leader in transport and logistics, is expanding its presence in Poland through a strengthened partnership with SEGRO. The company has signed new leases with SEGRO, a major owner and developer of modern warehouse space. This expansion boosts GEODIS's ability to support existing and new customers in Poland and across Europe. New warehouse space to serve key customers To meet rising
Global MABUX bunker indeces show mixed movements Based on the results of Week 47, the global MABUX bunker indices remained in a phase of mixed, multidirectional movement. The 380 HSFO Index declined by US$7.97, falling to US$427.43/MT and breaking below the US$430 threshold. In contrast, the VLSFO Index posted a marginal increase of US$0.16 (512.58 USD/MT versus 512.42 USD/MT a week earlier). The MGO LS Index also edged higher, adding US$4.28 t
ThPA S.A. signs contract to expand Pier 6 ThPA S.A. and the joint venture "METKA S.A. - TEKAL S.A. (PIER 6) J/V" signed the construction contract for the expansion of Pier 6 at the Port of Thessaloniki. The signing took place at ThPA S.A.'s headquarters. Dr. Ioannis Tsaras, Mr. Dinos Benroubi, and Ms. Argyro Psaltakou signed on behalf of their organizations. The agreement launches the port's largest upgrade project to date. The project i
Hitachi, Port of Tyne and North East Mayor join forces Hitachi and North East Mayor Kim McGuinness have signed two international agreements that bring together Hitachi's global expertise in mobility and energy with the region's ambitions, alongside the Port of Tyne's growing role as a clean energy and low-carbon logistics hub. The agreements will boost the bus network, create new green jobs, and accelerate the North East's transition to net zero. Sig
UAE keep pursuing its maritime expansionist strategy through port stakes DP World and AD Ports Group are positioning themselves to control Syria's maritime gateway, signaling a broader Emirati strategy to dominate Middle Eastern trade corridors through strategic port investments
Progress advances at Lumsden Point in Port Hedland Work is progressing at the Lumsden Point development. The project will expand the Port of Port Hedland's export and import capacity. Contractors will install more than 280 steel piles in the coming months. These piles will form the base of two new multi-user wharfs. Lumsden Point will support the export of battery metals and minerals. It will also handle the import of renewable energy infrastruct
Long An International Port and Port of Kobe sign strategic partnership Long An International Port (Vietnam) and the Port of Kobe (Japan) have signed a Memorandum of Understanding (MoU) establishing a strategic port partnership. The agreement, signed during the Investment, Labor, and Trade Promotion Program in Japan, aims to expand trade, enhance connectivity, and develop sustainable port operations. The signing included senior leaders from both ports, Vietnamese gov
HD Hyundai Heavy Industries denies blame for "loose wire" on Dali South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI), which constructed the container ship Dali that allided with Baltimore's Francis Scott Key Bridge in March 2024, said in a statement that it delivered the 10,000 TEU ship as a safe and seaworthy vessel. HD HHI was responding to the US National Transportation Safety Board's disclosure on 18 November that a loose wire in the 2015-built D
COSCO launches WSA3 service from Yangpu Port COSCO has officially launched its WSA3 Far East-South America West service from Yangpu Port, opening a new direct trade corridor between Hainan and key markets in South America. The new route is now operational and is expected to deliver faster transit times, lower logistics costs and greater reliability for regional exporters and importers. With WSA3, premium frozen aquatic products from Hainan
CentrePort welcomes ferry investment programme CentrePort today joined Minister for Rail Winston Peters in announcing the Government's investment to continue progressing the Cook Strait Ferry Replacement programme. CentrePort Board Chair Lachie Johnstone stated CentrePort remains committed to supporting this project and working collaboratively with the multiple parties involved. He echoed the Minister's comments about the new ferries being a
ONE updates OBS tariff effective January 2026 Ocean Network Express (ONE) has announced a revision to its ONE Bunker Surcharge (OBS) tariff, which will take effect on 1 January 2026. The surcharge will be reviewed quarterly, with any adjustments shared in advance. As part of a simplification initiative, ONE will discontinue three existing fuel surcharges - the ECA Regulation Surcharge (ECA), Low Sulphur NE Outport (NEO) and Low Sulphur Medit
Port Said expansion reveals new battleground in maritime investments Egypt has thrown down the gauntlet in the intensifying race for maritime supremacy, inaugurating a massive expansion at Port Said that adds 2.2 million TEU capacity and positions the Suez Canal gateway as a critical node in the restructuring of global trade routes
FMC collects $1.35 million in penalties The Federal Maritime Commission (FMC) has recovered $1,350,000 in civil penalties through two recent compromise agreements. The settlements follow investigations into potential violations of the Shipping Act and FMC regulations. The FMC reached one agreement with Hyundai Glovis Co. Ltd., a VOCC based in Seoul. Investigators alleged the carrier provided services inconsistent with its published tar
Chinese Embassy in Greece rejects US ambassador's comments on the Port of Piraeus The spokesperson of the Chinese Embassy in Greece has issued a firm response to a journalist's question regarding comments made by the new U.S. Ambassador to Greece, who recently suggested that Athens should "sell the Port of Piraeus to counter Chinese influence." In the Embassy's statement, the spokesperson said the U.S. ambassador's remarks were "baseless attacks" on the investment and operatio
BNSF and CSX launch new intermodal schedules BNSF, in collaboration with CSX, has announced several new, faster intermodal schedules that continue offering customers seamless, efficient, coast-to-coast solutions to ship between the western and eastern United States. As of Monday, November 17, BNSF will offer new, faster five-day-a-week schedules from Los Angeles to many CSX destinations, as well as new service lanes. Source: bnsf.com These
Ship4wd launches new sourcing solution Ship4wd has introduced a new digital sourcing solution that gives U.S. small and medium-size businesses direct access to parts of China's competitive wholesale market-areas previously open only to Chinese buyers. The platform combines sourcing, supplier verification, payments, inspections and international shipping in one English-language interface. The system connects buyers directly with verifi
Denmark rolls out new 2.8GW offshore wind tender package Danish authorities have announced tenders for three areas enabling the construction of at least 2.8GW of offshore wind power. The Danish Energy Agency said that the tenders were based on thorough market dialogues and include, among other things, state subsidies and greater flexibility for developers to increase the likelihood of qualified bids. The three areas, ...
SLB OneSubsea bags work on BP's Gulf of Mexico project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This engineering, procurement and construction (EPC) contract for Tiber comes in close succession to the award of a sister subsea boosting system ...
Calcarea captures crown at The Captain's Table Calcarea has taken top honours at this year's edition of The Captain's Table, the maritime startup pitch competition held during Hong Kong Maritime Week and broadcast by Splash. The decarbonisation-focused company impressed judges with a shipboard carbon-capture concept that turns CO2 into bicarbonate ions while vessels are underway. The startup's system uses accelerated limestone weathering ...
Odfjell and Nissen Kaiun team up in new chemical tanker venture Norwegian chemical tanker owner Odfjell has joined forces with Japanese shipping major Nissen Kaiun to launch a new Bergen-based joint venture for operating stainless-steel chemical tankers. The new company, Odfjell Hakata Maritime, will pool 10 modern chemical tankers contributed equally by the two partners. Nine of the ships are already trading under Odfjell Tankers on ...
Genco bulks up with newcastlemax brace US-based Genco Shipping & Trading has struck a deal to buy two modern, scrubber-fitted newcastlemax bulk carriers for a combined $145.5m, marking the company's first move into the segment. The New York-listed owner, led by John Wobensmith, expects to take delivery of the 208,000 dwt vessels in the first quarter of 2026. The acquisition will ...
Pappas' Oceanbulk secures trio of kamsarmaxes at Hengli Petros Pappas' privately held Oceanbulk Maritime has resurfaced on the bulker newbuilding scene, securing a trio of kamsarmaxes at China's Hengli Heavy Industries. The Chinese yard recently announced a series of 82,000 dwt vessels, Oceanbulk linked to three units for delivery between the second and fourth quarters of 2027. No pricing has been revealed. The ...
TS Lines returns to Mawei Shipyard for fresh boxship tonnage Taiwanese carrier TS Lines is adding more tonnage to its growing fleet with a fresh order for up to four 2,900 teu containerships at China's Fujian Mawei Shipyard. The Hong Kong-listed owner has signed for two firm vessels with options for two more, although pricing and delivery dates have not been revealed. The move extends ...
$35m raised for the world's first pay-as-you-save vessel retrofit fund The Global Centre for Maritime Decarbonisation, together with AIM Horizon Investments, the Development Bank of Japan (DBJ), ING and DBS Bank, have closed the Fund for Energy Efficiency Technologies (FEET), securing total commitments of up to $35m, surpassing initial targets. FEET is the world's first vessel retrofit fund to use a pay-as-you-save repayment mechanism, directly ...
15-year-old cape breaks the $30m barrier Capesize sentiment continues to heat up, with a 15-year-old unit now trading above the $30m mark - a level traditionally considered the shunned zone by first-class charterers. At the beginning of the month, it was a 14-year-old cape that broke the $30m barrier, now with cape rates above $30,000 a day even older tonnage is getting ...
FMC secures $1.35m in penalties from Hyundai Glovis and Olympiad Line The US Federal Maritime Commission (FMC) has collected $1.35m in civil penalties after reaching compromise agreements with two carriers accused of violating the Shipping Act. The larger settlement - $1.3m - was paid by Hyundai Glovis, the Seoul-based vehicle carrier giant operating across US-foreign trades. FMC investigators alleged the company provided services that were not ...
DEME awards cable scope on world's largest offshore wind farm SPIE subsidiary, SPIE Global Services Energy, has been awarded a significant contract by DEME for inter-array termination and testing on the Dogger Bank offshore wind farm project. The contract was won by the company's wind power high-voltage specialist entity, SPIE Wind Connect. Under the deal, SPIE Wind Connect will carry out 66kV inter-array cable termination ...
'Hong Kong is in a sweet spot': Richard Hext talks up city's maritime prospects "Hong Kong is in a sweet spot," said Richard Hext last night on taking over the reins of the local shipowners association in one of the highlights of the city's ongoing maritime week. Hext, the chairman of Vanmar Shipping, started his career 50 years ago working at a shipyard in Britain. His career is ...
Aker BP adds one-year extension to Odfjell Drilling rig Oslo-listed semisub player Odfjell Drilling has received signed confirmation from Aker BP that it will extend the firm contract period for use of the 2019-built Deepsea Nordkapp rig by one year. With this signed confirmation, the rig extends its firm contract backlog to the end of 2027, after which Aker BP retains further options. The ...
Dolphin Drilling rig snags more time as Oil India exercises option Semisub rig owner Dolphin Drilling has been awarded additional time for one of its rigs by Oil India Limited. Oil India extended the initial three-well firm campaign for the 1974-built Blackford Dolphin, set to last for 14 months. The contract was awarded in March 2024. However, the work did not start on time. The project was ...
Latest maritime diversity study spotlights need for stronger accountability The latest Annual DEI in Maritime Review published by the Diversity Study Group (DSG) reveals increasingly clear expectations from seafarers and shore-based professionals for workplaces that are fair, inclusive, and accountable. The report tracks year-on-year employee sentiment regarding data-driven diversity, equity, and inclusion (DEI) initiatives and policies implemented by participating organ
How the internet is transforming life and labour at sea With the line between welfare and technology disappearing, the maritime industry faces a simple truth - connection is no longer optional. An in-depth Inmarsat survey of nearly 400 seafarers working on merchant ships, offshore support vessels or high-end fishing vessels across the globe shows that seafarers are increasingly experiencing a sense of a 'floating home' ...
EU seeks permission to board shadow fleet ships as sanctions pressure builds EU ministers considering the forthcoming 20th package of sanctions targeting Russia are looking to tighten shadow fleet restrictions and want...
Diana increases profits despite vessel sales For the latest quarter, the bulker owner posted net income of $7.2m
Three pool claims now top $1bn mark, P&I clubs confirm 'Super-inflationary environment for large claims,' warns Skuld's Thomas
US sanctions shine spotlight on Iranian LPG transhipment in Sri Lanka Colombo-listed Laugfs Gas is preparing to challenge US sanctions that accuse its subsidiary of trading Iranian LPG. An analysis of...
ZIM plans return to Suez Canal 'as soon as we can' Zim said it is in the early stages of planning a return to the Red Sea and Suez Canal, pending...
TEN eyes 'growing' long-term fixing from oil majors Greek owner posts increased profit at 'exciting' time for tankers
Culture change needed to increase number of women in shipping Women seafarers face many health and safety problems globally, and their problems are not seen as important by their employers...
GCMD and lenders unveil world's first 'pay as you save' retrofit fund AIM Horizon Investments, Development Bank of Japan, ING and DBS close $35m Fund for Energy Efficiency Technologies, which is hoped...
SHIP 2000 shipbuilding contract gets 2025 remix Comprehensive rewrite rather than simple facelift, drafters insist
Will Simandou be the dry bulk game changer it's been hyped to be? First shipments from the much-heralded project left Guinea last week. Do they mark the beginning of a paradigm shift for...
Colombian Navy seize 200 kg of cocaine from merchant vessel Divers recovered several sealed bags in the vessel's sea chest that turned out to contain cocaine worth more than $10m...
The growing arsenal of marine war risks Maritime operators face a combination of traditional threats, a deteriorating international situation, and new weapons and tactics, from drones to...
Shipping remains cautious on Suez Canal return The SCA is looking at intensifying meetings with other shipowners following recent sailings by French carrier CMA CGM
The Daily View: From zombies to the multiverse
Daily Briefing Black Sea war risk market avoids 'knee-jerk reaction' to renewed clashes | China Merchants chief urges shipping to 'break barriers'...
Slump of US imports from Asia deepening Months of frontloading explain the harsher-than-usual import slowdown in the final months of this year, but uncertain consumer sentiment and ever-changing US tariff policy are keeping retail inventories running lean.
Zim CEO sees 'likely' return to Suez Canal transits soon The ocean carrier said it still needs approvals from insurers and others, but the cease fire in Gaza appears to be holding.
Low truckload rates putting pressure on traditional RFP process Key cost elements for brokers are the amount of time they spend assembling bid responses, and the lack of coordination between pricing analysts and sales teams that interact with shippers.
Black Friday demand tightens trans-Pacific air cargo capacity, elevates rates Rising e-commerce volume out of Vietnam is being piled on top of sustained and heavy demand for high-tech shipments, with space on freighters in short supply.
'Activist investor' George Economou names the big Greek company he'd like to hit next Greek billionaire talks wins and losses in on-stage Marine Money interview
EU seeks flag state deals to board shadow fleet tankers Foreign policy chief Kaja Kallas says the move is part of efforts to delay Russian crude movements
Evangelos Marinakis' Capital Clean Energy left with only one container ship after lucrative sale US-listed firm nears full conversion into a pure-play gas carrier owner
Swedish Club raises premiums to cope with uncertain world Mutual says claims fell from 2024, but costs remained high
Dynagas LNG Partners mulls move into other shipping sectors Company reiterates year-old intent to explore related investment avenues for growth
Sanctioned ships use fake forms after flag state action Maritime administration says it has deregistered 72 ships
Oil majors 'hijack' tankers in booming market, Nikolas Tsakos says Tsakos Energy Navigation hikes dividend amid rising profit and growing interest from oil majors for long-term contracts
Diana Shipping results boosted by equity investments Profit grew even though time-charter revenue fell slightly
Zim prepares 'operational plan' for return to Suez Canal Israeli company will go through Suez 'as soon as we can'
Odfjell and Nissen Kaiun planning to add vessels to new chemical tanker venture Idea for Norwegian and Japanese owners to combine part of their fleets was first mooted last year
'Go Big or Go Home': How New York lost half its public shipping companies This week's Streetwise looks at the clear choice facing owners in the US capital markets
Tsakos Energy hikes dividend amid rising profit and fresh long-term VLCC fixture US-listed owner sees growing interest from oil majors for long-term contracts
World's first vessel retrofit fund launched The fund will sponsor upfront costs of installing energy efficiency technologies on vessels
Zim quarterly profits fall by over $1bn as tariffs hit freight rates But full-year guidance raised despite downward pressure on container markets
Harry Vafias tanker and bulker company pledges more share issues as it seeks ships Finance chief Nina Pyndiah says equity issues will continue as C3is focuses on non-Chinese tonnage
The only question for VLCCs: How strong is the tanker market? There are multiple opinions out there, but regardless of who you're listening to, things are good
Zim board members quit amid minority shareholder pressure Israeli company moves swiftly to replace two directors after protests from rebel shareholders
US, China and Russia vie for control in Greece's strategic ports After helping the Piraeus port flourish, dominant Cosco Shipping faces US challenge in geopolitical tug of war
Lloyd's launches probe after ex-CEO John Neal misses out on top job Insurance marketplace says it is looking into potential breaches of policy after reports of workplace affair
Aasen Shipping adds to methanol-ready bulker newbuilding series Norwegian owner goes for sixth ship at Royal Bodewes
Odfjell and Nissen Kaiun unite modern chemical tanker fleets Joint venture will begin operations with 10 stainless steel carriers
Small but smart: Arkon Allied Container's new feeder ships win fans across Europe But will the latest feeder concepts help avoid overcapacity in the years ahead?
Saudi Arabia's Aramco extends its US LNG position Agreements signed with two more producers as company moves to grow its gas business
France shipping uranium to Russia once more, claims Greenpeace Cargo ship Mikhail Dudin loaded at least 10 containers in Dunkirk, environmental group claims
How Contships turned ship sales into big gains - thanks to MSC Nikolas Pateras-run company multiplies its money with asset play for secondhand vessels
US-listed Genco emerges as the buyer of 2020 Bulker's last two vessels The buy brings Genco's total investment in capesize and newcastlemax tonnage to $343m over the last two years
TS Lines orders up to four container ships at Mawei Shipbuilding The deal involved two firm 2,900-teu vessels plus option for two more ships
All eyes on Frontline VLCC rates as fleet sale rumours calm Analysts says earnings targets should be in reach as John Fredriksen company prepares to release third-quarter report
BW-backed Cadeler profit and revenue jump amid ongoing offshore fleet expansion Danish owner will have 12-vessel fleet in 2027
How price, charters and politics pulled John Coustas off the fence to order feeder ships Danaos chief opens up on dynamics fuelling his deal with Chinese shipbuilder
Chinese interests snap up older VLCC as secondhand prices firm further Oceanic Fortune fetches reported $57m, setting new benchmark
Divers find cocaine haul hidden in ship's hull Colombian navy seizes 'suspicious bags' in the unnamed vessel's sea chest
CoolCo's nine-months net income halves as merger with parent nears Shares set to be delisted from the New York Stock Exchange and Euronext Growth Oslo
Frontline VLCC was arrested during repairs in China following smash with suezmax Shipowner provided $28m in security to court as insurance battle set to drag on
Emarat Maritime revives tanker fleet plans with Hengli sextet First tanker newbuilding deal for the Dubai-based company in almost 20 years
Samsung Heavy orderbook swells to $6.74bn after Evergreen order South Korean shipbuilder confirmed it won a container septet order worth $1.31bn
US-listed Genco emerges as the buyer of 2020 Bulker's last two vessels The buy brings Genco's total investment in capesize and newcastlemax tonnage to $343m over the last two years
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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