Hanwha Group's big plans for Philly include LNG carriers Korea's Hanwha Group has big plans to increase production at the Hanwha Philly Shipyard that include building LNG carriers. Korea Economic Daily reports that Hanwha Group recently invited a group of Korean
VIDEO: Rauma Shipyard launches first Squadron 2020 corvette Rauma Marine Constructions' Rauma Shipyard today launched the first Pohjanmaa-class multi-purpose corvette built for the Finnish Navy's Squadron 2020 project. As we reported earlier, the keel for the corvette was laid in
OMSA applauds lifting of Empire Wind stop work order The Offshore Marine Service Association (OMSA) was swift to applaud the Trump Administration's decision to lift the stop-work order on the $5 billion Empire Wind project, allowing construction activities to resume after
Yusen Logistics launches "Alternative Fuel" solution to cut emissions across all transport modes Yusen Logistics Global Management has launched its new green solution, "Alternative Fuel", designed to reduce greenhouse gas emissions across ocean, air, and land transport by utilizing sustainable, non-fossil fuels. The initiative supports customers in cutting Scope 3 emissions and contributes to the creation of more sustainable supply chains. In December 2024, Yusen Logistics introduced a digit
Piraeus Port Authority hosted Kazakh delegation to explore strategic cooperation Piraeus Port Authority S.A. recently welcomed a high-level delegation from the Republic of Kazakhstan to its headquarters as part of an official visit aimed at fostering closer cooperation in transport and logistics. The delegation included senior representatives from Kazakhstan's Ministry of Transport, the Embassy of Kazakhstan in Greece, the Port of Aktau, and key organizations such as Kazmortr
How global shipping is Adapting in 2025 The global shipping industry in 2025 finds itself at a crossroads between intensifying geopolitical fault lines and sweeping market recalibrations. Dryad Global's 2025 forecast outlines an increasingly fragmented maritime security landscape. Along the East African coast and Indian Ocean, piracy is making a resurgence as a result of reduced Western naval patrols, with hijackings of fishing vessels
Port of Antwerp-Bruges launches Europe's first fully electric tugboat, Volta 1 The Port of Antwerp-Bruges has unveiled the Volta 1, Europe's first fully electric tugboat, marking a significant milestone in its mission to achieve climate-neutral operations by 2050. Developed in partnership with Damen, the Volta 1 builds on the port's history of innovation, following earlier breakthroughs such as the hydrogen-powered Hydrotug and methanol-powered Methatug . The Volta 1 is a R
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Unifeeder launches hybrid marine ambulance to deliver healthcare to remote island communities in Kerala Unifeeder in collaboration with Kerala-based NGO Plan@Earth, has launched a hybrid Marine Ambulance and Dispensary to serve the island communities of Kadamakkudy Panchayath in the Vypin Constituency of Ernakulam District. This innovative, community-focused initiative introduces a purpose-built medical boat that will provide outpatient consultations, emergency care, and essential medications to mo
Saudi Arabia accelerates maritime logistics power play amid $600 billion US investment deal and Syria reintegration Saudi Arabia is rapidly advancing its ambitions to become a global logistics powerhouse, following the surprise announcement of a $600 billion investment pledge in the United States and the unprecedented lifting of US sanctions on Syria. The developments, unveiled during former President Donald Trump's visit to the Kingdom, represent a pivotal reshaping of geopolitical and commercial alignments i
Valenciaport strengthens ties with North Africa at Logismed 2025 Cristina Rodriguez, Head of Containers at the Port Authority of València, returned to Logismed, Morocco's leading logistics and supply chain event, with the goal of reinforcing its presence in North Africa and positioning Valenciaport as a strategic bridge between Africa and Europe. Rodriguez held meetings with key companies and institutions from across the Mediterranean, highlighting the capabil
GXO Logistics partners with Toolstation to manage logistics operations in the Netherlands GXO Logistics has announced a new partnership with Toolstation, a leading supplier of tools and building materials for professionals and serious DIYers. This marks Toolstation's first outsourced logistics partnership in the Netherlands and underscores GXO's ability to efficiently scale and manage complex logistics operations. Willem Veekens, GXO's Managing Director for Belgium, the Netherlands, a
Kongsberg maritime launches electric towing winch for tug market Kongsberg Maritime has introduced a new electric towing winch, expanding its product line to better meet the needs of the tugboat sector. Powered by a frequency converter-driven electric motor, the winch offers improved energy efficiency and a reduced environmental footprint compared to conventional hydraulic systems. Engineered specifically for harbor tug operations, the winch delivers a pulling
HyCC unveils H2Next green hydrogen project in Rotterdam HyCC has announced plans to develop H2Next, a large-scale electrolyzer in Rotterdam aimed at supporting industrial decarbonization. The announcement was made during the World Hydrogen Summit in Rotterdam. The company has signed an agreement with the Port of Rotterdam Authority to reserve a site at the Maasvlakte's first hydrogen conversion park, strategically located near future offshore wind far
Contecon Manzanillo expands operations with new cranes Contecon Manzanillo and operator of the Second Specialized Container Terminal at the Port of Manzanillo, has expanded its equipment fleet with the arrival of two quay cranes and four hybrid rubber-tired gantry (RTG) cranes. The new equipment was delivered on May 11 as part of CMSA's ongoing terminal expansion program. This upgrade enhances CMSA's ability to efficiently handle larger ships and ali
GEODIS and Prologis activate rooftop solar project in Mexico to advance sustainability goals GEODIS, in partnership with Prologis, has launched a 619-kilowatt rooftop solar installation at Prologis Park Grande, Building 3, in Tepotzotlán, one of Mexico's key industrial zones. The system is expected to generate approximately 892 megawatt-hours of low-carbon electricity annually, contributing to both companies' environmental commitments. Jessica Himmelreich, Vice President of Sustainabilit
Rohlig SUUS Logistics opens subsidiary in Ukraine to strengthen regional presence Rohlig SUUS Logistics has officially launched a subsidiary in Ukraine, with its headquarters in Kyiv, reinforcing the company's strategic footprint in Central and Eastern Europe. With years of experience operating in the Ukrainian market, the company is expanding to meet increasing demand and capitalize on the country's growing economic potential. The new branch offers a comprehensive range of lo
£35M low-carbon cement terminal at port of Liverpool to boost UK construction A new £35 million cement import terminal at the Port of Liverpool is set to support the UK's growing construction sector and help cut carbon emissions. The project is a joint venture between Peel Ports Group and Medcem, and will transform the former P&O site at Gladstone Dock into a deep-water terminal. The facility aims to meet rising demand for sustainable building materials, aligned with the U
When Algorithms Sleep, Plixi Works Where the Instagram growth sometimes seems like playing games of chance, Plixi brings you a feeling of strategy. The instant I came across Plixi , the environment for my content creation made a turn, from numbed stats to face-to-face engagement with the audience. Below is a deep dive into what it is like to use Plixi based on first-hand experience, no tricks, no bot armies, just raw engagement me
Bilateral deals will restructure supply chains China will need to become less dependent on the US in future as the trading landscape undergoes a significant change, with an acceleration of bilateral deals and a modernising of supply chains. In a webinar discussion entitled, "Global shipping in an era of uncertainty" Vespucci Maritime CEO Lars Jensen said that he believes Donald Trump's decision-making appears to depend on how he is feeling on
GPA elects new board, reports Savannah trade surge and Brunswick expansion The Georgia Ports Authority recorded its busiest April ever for container trade, moving 515,500 TEUs during the month. The Port of Savannah saw a 17% year-over-year increase, handling 74,500 more TEUs compared to April 2024. April marked the third consecutive month of record container volumes at the Port of Savannah. Intermodal operations also saw robust growth. Mason Mega Rail moved over 50,000
Dover claims "tangible benefits" from UK/EU deal The UK's southeastern Port of Dover, which handles more than $192 billion worth of trade annually, has welcomed yesterday's trade deal between the UK and EU which will boost trade and smooth the movement of goods across the Dover Straits. Import and export restrictions were imposed following the UK's exit from the EU on 31 January 2020, raising costs for both Uk and European traders overnight and
Port of Tilbury unveils plans for major expansion with new Tilbury3 development Forth Ports, the owner of the Port of Tilbury, has announced ambitious plans to expand its Thames-based port and industrial hub with the proposed development of a new port area Tilbury3. An outline planning application has been submitted to Thurrock Council for the redevelopment of a 100-acre brownfield site located adjacent to the existing Tilbury2 terminal. The proposed site, equivalent in size
Morek Engineering unveils floating wind installation vessel concept A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First Marine Solutions, and Celtic Sea Power. The project is part ...
Subsea 7 hot streak continues with West Africa contract Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa. Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO vessel, as well as the pre-laying activities for an ...
KNOT firms up shuttle tanker newbuild in China Knutsen NYK Offshore Tankers (KNOT) has firmed up a contract with Cosco Shipping Heavy Industry (Zhoushan) for an additional suezmax shuttle tanker newbuilding. The Haugesund-based joint venture set up in 2010 by Trygve Seglem's Knutsen and Japanese line Nippon Yusen Kaisha (NYK) has exercised its option for a 154,000 dwt unit, following a deal for ...
Eastern Med-focused Midline Shipping launches Midline Shipping has been established, a Dubai-headquartered shipowner set to offer regular services in the Mediterranean. The company is deploying the 1,032 dwt, 1990-built Mimer roro on a service linking set to start on Friday linking Italy, Turkey and Libya with calls in Venice, Brindisi, Misurata, Benghazi, and Izmir. The Finnish-flagged Mimer provides total roro ...
Kumiai Navigation orders ultramax at NACKS Kumiai Navigation is expanding its dry bulk fleet with an ultramax newbuilding order in China. The Singapore-based subsidiary of Japan's Kumiai Senpaku has contracted one 64,000 dwt unit at Nantong COSCO KHI Ship Engineering (NACKS) for around $35m. The subsidiary of COSCO Shipping Heavy Industry is expected to deliver the vessel in the second quarter ...
Teekay Tankers offloads suezmax brace Teekay Tankers has continued to offload ageing vessels, with deals reportedly struck with African buyers for a pair of suezmaxes. S&P sources show the New York-listed firm has agreed to sell the 2009-built Cascade Spirit and Aspen Spirit to unnamed Nigerian interests for around $75m. The en bloc deal suggests a significant premium, considering both ...
Norvic Shipping signs for handymax newbuild Bulker operator Norvic Shipping has set out to expand its fleet with a handymax newbuild. The AJ Rahman-led outfit has penned a long-term charter deal with a "renowned Japanese shipowner" for the 42,000 dwt bulker, which will be built at Oshima Shipyard. The vessel, to be named Norvic Athens, is scheduled for delivery in the ...
John Fredriksen's SFL offloads another bulker John Fredriksen's SFL Corporation continues to offload bulk carriers at pace. The company has sold its tenth bulker in 2025, the 14-year-old, 57,000 dwt SFL Sara, built at Xiamen Shipyard, fetching $11.2m from undisclosed Chinese interests. The sale follows a recent transaction of a sister vessel, SFL Yukon, to Fujian Highton Development-one of China's most ...
Fire at Chevron's oil platform off Angola injures 17 A fire at Chevron's deepwater Benguela Belize Lobito Tomboco (BBLT) oil platform off Angola left 17 injured, including four critically. The fire broke out around 3 am local time in the basement of the multi-story production platform. All personnel have been accounted for, according to Chevron. The platform has living quarters for approximately 157 people. ...
Rob Aarvold takes the reins at Seatrek Singapore-based dry bulk operator SeaTrek has unveiled a new leadership line-up with some well known names joining the Asifur Chowdhury-founded company. The company has appointed long-time Swire employee Rob Aarvold as global CEO. As well as Swire, Aavold's career has seen him work at broker SSY and Western Bulk Chartering. Aarvold said: "I am honoured ...
Velesto jackup to drill over 40 wells in Vietnam Offshore drilling unit of Malaysia's Velesto Energy has won a contract for one of its jackup rigs from Phu Quoc Petroleum Operating Company (PQPOC) in Vietnam. The contract was awarded to the 2013-built Naga 4 jackup, which was hired to drill over 40 wells for the Vietnamese firm. The deal for the independent-leg cantilever jackup ...
MMA Offshore gets PSV work off Australia with Chevron Perth-based OSV operator MMA Offshore, a subsidiary of Cyan Renewables, has won a multi-year platform supply vessel contract from Chevron in Australia. The contract was awarded to the 2015-built high-specification PSV MMA Plover. It will provide marine logistics support to Chevron's Barrow Island and Wheatstone assets, located off the coast of Western Australia. The assets ...
Grounded MSC ship appears in the Sahara Ten days on from running into difficulty off Jeddah, the 304 m long, 7,000 teu MSC Antonia remains listed aground by various vessel tracking services, albeit very hard aground in the desert on another continent, a visual example of the increased GPS spoofing ship operators are having to contend with when transiting the Red Sea. ...
Manage not only retention but also fluctuation Young people are happy to move about a lot and crewing managers and shipowners need to bear this in mind, writes Henrik Jensen, the CEO of Danica Crewing Specialists. It isn't a reflection on their crewing services but just a reality of modern life. Things have changed in the job market, he stresses in this ...
US port fees don't hit until October but shipping response already underway For shipping to avoid US port fees beginning in mid-October, it needs to put plans in motion now, and not...
Red Sea risk not materially changed amid Houthi threat to Haifa-trading shipowners Announcement from Houthis of a 'prohibition on maritime navigation to and from the port of Haifa' does not change the...
Russia lashes out at Nato 'pirates' as UN addresses escalating maritime security concerns As president of the UN Security Council, Greece wanted to raise the issue of maritime security, but that bid quickly...
UN urged to combat increasing 'weaponisation' of shipping arena Union of Greek Shipowners president Melina Travlos tells UN Security Council that maritime security threats have spiralled beyond industry's capacity...
Pyxis eyes opportunity amid 'challenging' 2025 conditions US-listed owner said there will be a chance for 'compelling' deals in both its sectors
Suction sail fuel savings better than expected, Odfjell finds Norway's Odfjell says its suction sail trial went better than expected. EU and IMO carbon taxes are expected to bring...
Grain tariffs: the damage is already done The 'deal' between China and the US will have a limited impact on grain trade between the two countries in...
EU sanctions Russian grain operator in occupied Zaporizhzhia All arrivals to Berdiansk are dark port calls, but satellite imagery confirms the port is open
Disabled Maersk boxship to berth in Bahamas after tow by Norwegian AHTS The 8,500 teu Maersk Sana was on passage from Port Newark to Singapore in April when it was disabled by...
Swedish Club confirms technical surplus Gothenburg-based insurer makes money even as some rivals expected to plunge into red
Boxship recycling nosedives as less than 2,000 teu of capacity sold for scrap Until such time as container line operators make an en-masse return to the Suez Canal route, boxship recycling volumes will...
Solong is first pool casualty of new policy year The boxship hit Stena-owned tanker in North Sea in March
CMB.Tech nets $40.4m profit in first quarter If the merger is approved, chief executive Alexander Saverys said his company would become one of the biggest dry bulk...
Asia-Pacific marine insurance entering 'stage of uncertainty', argues Sompo's Ong Long-term prospects for region remain bright
Hudong-Zhonghua inks new orders with Seaspan and Ibaizabal China-US trade tensions are reshaping shipbuilding, but Hudong-Zhonghua secures key orders
The Daily View: Size isn't everything
Daily Briefing Over 10% of the tanker fleet is now sanctioned following latest EU and UK measures | Cook Islands registry removed...
US DOT initiates crackdown on non-English speaking truckers The move to ensure commercial drivers comply with US law requiring English-language proficiency will have ramifications for shippers, carriers and drivers.
HTA seeks new CEO amid multiple challenges for West Coast drayage operators Matt Schrap, who has headed the HTA for the past four years, told the Journal of Commerce he is transitioning to another job but will remain with the group through late August.
Scheduling linked to 10% tariffs causing confusion, angst for US importers A calendar quirk is causing consternation for importers of non-Chinese goods with long lead times who believed they had avoided the first salvo of US tariffs by loading their cargo before the prescribed "load-by" date and are now facing unexpected costs.
Carriers forge new paths in ongoing quest to monetize visibility investments Hapag-Lloyd is betting it can extract economic value for itself through smart containers in the form of improved fleet utilization, thereby de-risking the uptake - or lack thereof - from customers.
Increased diversity can help solve many of shipping's challenges, Kenya's Nancy Karigithu says Shipping ambassador believes there is an urgent need to attract fresh talent to the sector
ONE lines up $2.5bn newbuilding haul in South Korea amid US-China trade tensions Liner giant mulling order for a dozen LNG dual-fuel boxships at HD Hyundai yards
Nearly 60 older LNG carriers 'parked' or idle at end of first quarter, Flex says Market currently in 'doldrums' but "bright future beckons for LNG shipping, interim CEO declares
M&M shipping book tariff turmoil fails to dent financing sentiment Norwegian lender says activity picked up at end of the first quarter
US officials launch probe aimed at shipping flags 'with little or no oversight' 'Flags of convenience' in the frame as regulator looks to find unfavourable practices
CoolCo 'confident' on securing term business for lone LNG newbuilding 'We are moving steadily closer to a balanced market,' CEO says
Chances to expand tanker and bulker fleet, Pyxis Tankers boss says Greek owner says compelling opportunities will arise in 'near future'
Damen Shipyards plans to 'print' a ship to speed up production Pioneering 3D printer project being developed with tech company CEAD
Iran-US nuclear deal impasse presents best-case scenario for tanker markets Deal or no deal, tankers are expected to benefit
Advantage Tankers offloads suezmax as newbuilding fixed for clean maiden voyage Swiss owner banking reported $36m for 2009-built vessel as replacement ready to go
Iran hijacking distress call 'faked' by attention-seeking tanker Ambrey Analytics relates strange tale of ambiguous incident in Middle East Gulf
Shipping's top 10 earners see combined pay packet soar beyond $100m Best-compensated leaders with publicly disclosed remuneration added $19.5m in a year
Bulker operator SeaTrek plotting expansion after bringing in trio of top executives from Swire Bulk Strengthened management team will launch next phase of growth
Spain's Ibaizabal pencils in LNG bunker newbuilding against energy major business Vessel could find a home on US west coast for energy major
MOL-owned, Russian-chartered LNG carrier trio sanctioned by EU Seven vessels controlled by Japanese owner now hit by measures designed to curb Russia's energy exports
Alafouzos VLCCs in first direct trips to US with Venezuelan crude ahead of cut-off Kyklades and Okeanis tankers discharging oil in US Gulf
Ernst Russ ups stake in two container ships after doubling profit Dohle-backed company 'divesting of minority interests without strategic relevance'
Two CoolCo LNG carriers exposed to 'challenging' spot market in action-packed quarter Shipowner is seeing a return to multi-year deals on back of long-term chartering needs
Span's Ibaizabal pencils in LNG bunker newbuilding against energy major business Vessel could find a home on US west coast for energy major
SwissMarine settles for smaller ships as capesize sector has 'no room to grow' Operator is expanding kamsarmax and ultramax fleet
Two CoolCo LNG ships exposed to 'challenging' spot market in action-packed quarter Company is seeing a return to multi-year charters on back of long-term chartering needs
Lifting of sanctions on Syria paves way for mainstream shipping EU joins US in removing sanctions on war-torn Middle East country
India to spend $10bn on 112 tankers to boost domestic shipping capacity Sources claim move is latest part of plan to reduce reliance on overseas vessels
CMB.Tech and Golden Ocean shares plunge after weak bulker outlook Shares drop about 4% in Brussels and Oslo
Sanctioned Iranian gas magnate cleared by US to sell VLGC But the Tinos I cannot enter into any new commercial agreements
Golden Ocean books first-quarter loss on weaker market and costly dry-dockings Macroeconomic uncertainty and disruptive trade tariff talk also affected market, owner said
MSC Cruises inks $3.9bn order with Chantiers de l'Atlantique for two more cruise ships Swiss cruise line takes tally with French shipyard to six vessels
Awilco LNG slumps to loss with long idle periods for one ship in 'exceptionally weak market' CEO sees exit of steamships and increasing US cargoes as eventually rebalancing conditions
US clears sale of VLGC controlled by sanctioned Iranian gas magnate But the Tinos I cannot enter into any new commercial agreements
KNOT Offshore focused on shuttle tanker charter coverage as profit plunges Specialist owner seeing higher rates in tighter Brazilian market
Awilco LNG slumps to loss with long idle periods for one ship in 'exceptionally weak market' CEO sees exit of steamships and increasing US cargoes as eventually rebalancing conditions
CMB.Tech posts $40.4m first-quarter profit after Golden Ocean takeover Results not directly comparable with the same period a year ago, which saw massive gains from ship sales
Golden Ocean books first-quarter loss on weaker market and costly drydockings Macroeconomic uncertainty and disruptive trade tariff talk also affected market, owner said
Charterer ducks option for Flex LNG vessel prompting 2025 redelivery Company focused on paying down debt and opportunities for refinancing vessels
Spanish newcomer pencils in LNG bunker newbuilding against energy major business Vessel could find a home on US west coast for energy major
Shipping costs for Russia crude to India fall off from high levels on increased tanker supply Improved insurance coverage gives trade route more security
Greek ferry giant Attica sends another ropax dinosaur to the boneyard Kriti I, one of the doyens of the Greek ferry industry, will be recycled in Turkey
KNOT returns to Cosco HI Zhoushan for suezmax DP2 shuttle tanker Newbuilding is the 12th shuttle tanker that Norwegian- Japanese joint venture has ordered at Chinese yard since 2012
MOL venture capital unit pumps cash into green hydrogen tech company Norway's Hystar raises $36m to fund commercial scale-up for electrolyser production
Legal eagles land in Tokyo to tackle gaps in maritime law World's maritime lawyers meet in Tokyo to try and fill dangerous gaps in patchwork of legal systems
US moves to stop China parcel shipments with counterfeit postal labels The U.S. government says it moved to block a businessman and his two logistics companies from using fake postal labels to ship parcels from China to the United States.
Lufthansa Cargo to market capacity on ITA Airways, add Rome hub Lufthansa's cargo subsidiary is gradually taking over cargo management for sister airline ITA Airways, following Lufthansa's recent investment in the Italian carrier.
Savannah sees record containers amid tariff frenzy The Port of Savannah saw record container traffic for the month of April, the third straight record month for the Georgia gateway.
Small businesses at risk as Canada Post workers prepare to strike Postal workers in Canada have threatened to go on strike Friday, which would shut down most delivery services and hurt businesses that depend on Canada Post to fulfill orders.
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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