Hanwha Philly books landmark LNG carrier contract Korea's Hanwha Ocean said yesterday (see originaal release) that it had signed a contract with its affiliate Hanwha Philly Shipyard to build one LNG carrier worth 348 billion won [about $251 million],
CNC launches direct service from Philippines to Japan CNC Line has rebranded its CP3 service as JP8, introducing a dedicated, direct connection between the Philippines and Japan. The enhanced service adds port calls to Tokyo, Yokohama, Kobe, and Moji, offering faster transit times and expanded access for dry and reefer cargo. JP8 is the first direct link between East Japan's Kanto region and outports in the Philippines, creating new trade opportunit
Port of Felixstowe welcomes Premier Alliance's FE4 Asia-Europe service Hutchison Ports' Port of Felixstowe has officially welcomed the inaugural call of the Premier Alliance's FE4 service, a major Asia-North Europe route. The 24,000 TEU vessel HMM Southampton arrived at the UK's busiest container port on 20 July 2025, completing its journey from Singapore via the Cape of Good Hope. The complete port rotation of the FE4 service is: Felixstowe - Rotterdam - Hamburg -
WindWings® secures first LR2 tanker deal BAR Technologies has landed a major order for its WindWings® wind propulsion system, marking a milestone for the tech's expansion into larger tanker vessels. Firstly, the two newbuild LR2 dual-fuel tankers, named Suzuka and Long Beach, will each be fitted with two 37.5-metre WindWings®. These vessels are being designed by SDARI and built by Xiamen Shipbuilding Industry (XSI). Steel cutting is set
Maersk revises peak season surcharge from Far East Asia to Mediterranean ports Maersk has announced an adjustment to its Peak Season Surcharge for shipments moving from Far East Asia to selected Mediterranean destinations. The revised rates will take effect from the price calculation date of July 28, 2025. This update applies specifically to cargo destined for Turkey, Egypt, Israel, Greece, and Ukraine, while surcharge levels for all other Mediterranean destinations remain
How South American ports are adapting to the US tariff war The United States' adoption of sweeping tariff measures has disrupted traditional trade alignments, particularly affecting Latin America's trade-dependent economies. South American countries now face a pivotal strategic choice: whether to maintain close ties with the unpredictable US market, pivot towards China, or embrace regional and interregional diversification. Ports, as critical nodes of in
Alfa Laval's Marine Division appoints new President Alfa Laval has announced the appointment of Martijn Bergink as the new President of its Marine Division, effective 1 September 2025. Bergink is no stranger to the company. He's been with Alfa Laval since 1998, holding several senior roles over the years, most of them within the marine sector. He will take on the new position in addition to his current roles as President of BU Pumping Systems and
BIMCO adopts new clause in response to U.S. tariff measures BIMCO has introduced a new standard contract clause aimed at tackling the uncertainty caused by recent U.S. trade actions. The clause was developed quickly after the U.S. Trade Representative (USTR) announced plans to impose fees on Chinese-built ships, and vessels with Chinese owners or operators, calling at U.S. ports. A special subcommittee of legal and commercial experts began working on the
Maersk introduces peak season surcharge for shipments from Asia to Southern and Eastern Africa Maersk has announced the implementation of a peak season surcharge for cargo moving from a wide range of Asian origins to destinations in Southern and Eastern Africa, effective August 1, 2025. The surcharge applies to shipments originating from China, Hong Kong, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Thailand, Taiwan, and Vietnam, and destine
Piraeus at the crossroads: COSCO's gamble amid IMEC's rise As the India-Middle East-Europe Economic Corridor (IMEC) aims to shape the strategic map of global trade, one of Europe's most important maritime hubs, the Port of Piraeus finds itself at a geopolitical and economic crossroads. Owned and operated by Chinese state shipping giant COSCO, the port is simultaneously experiencing record growth and increasing scrutiny. Now, its future hinges on how COSC
WCI drops for fifth week straight According to Japan International Freight Forwarders Association (JIFFA), Drewry's World Container Index (WCI) dropped again in Week 29, falling 2.6% to US$2,602 per FEU. This marks the fifth straight week of declines. Compared to the same week last year, the index is now down a sharp 56%. The market had seen a jump in rates earlier this year after the U.S. announced higher tariffs in April. Spot
Yang Ming splashes out on new containers and ships Yang Ming has ordered over 40,000 new containers for $120m, ahead of the delivery of several newbuildings. The containers were commissioned at China International Marine Containers (CIMC) and Guangdong Fuwa Equipment Manufacturing. Of the containers, 22,750 were ordered at CIMC and 17,650 at Guangdong Fuwa. Yang Ming's directors approved the container procurement on 17 April, and the orders were
TMAZ reports strong first half of 2025 Terminal Marítima Mazatlán (TMAZ) closed out the first half of 2025 on a high note. The terminal saw a 15% increase in cargo volume compared to the same period last year. "This performance has been driven mainly by dynamic markets for container and breakbulk handling, both in steel and project cargo," said Mauricio Ortiz, General Manager, TMAZ. Much of that growth was supported by fresh investmen
Yang Ming orders LNG dual-fuel vessels from Hanwha Ocean Yang Ming Marine Transport Corporation has approved an order for seven 15,000 TEU LNG dual-fuel containerships from South Korea's Hanwha Ocean Co., Ltd., as part of its fleet optimization strategy. The vessels, scheduled for delivery between 2028 and 2029, will replace older tonnage and boost the company's competitiveness in core markets. The move follows Yang Ming's broader efforts to align with
Grimaldi's first ammonia-ready car carrier Grimaldi Group has officially launched the Grande Shanghai, its first ammonia-ready car carrier. A naming ceremony took place in Haimen, China, marking a major step forward in sustainable shipping. Built by China Merchants Heavy Industries, the Grande Shanghai is the first of ten new PCTC (Pure Car & Truck Carrier) vessels commissioned by the Italian shipping group. Also, the first five ships in
US trade strategy to hit 2025 global container volumes Expectations of a prolonged decline of global container demand has increased as volumes stalled as the impact of stop-go tariffs and the continued conflict in the Middle East are felt. John McCown, consultant at Blue Alpha Capital, believes that volumes will contract in 2025 from its peak last year which saw growth of 15.2%, reaching levels above the pandemic peak. Declines in global container vo
SC Ports sees steady growth in containers and rail cargo in FY25 South Carolina Ports wrapped up fiscal year 2025 with strong numbers, showing growth in both container volumes and rail cargo. The port handled 2.6 million TEUs over the past year, a 3% increase from FY24. Rail moves also climbed, up 4% thanks to demand at the Port of Charleston and its two inland rail terminals. Despite ongoing global trade shifts, SC Ports continues to offer dependable service.
Delta Terminal upgrades completed at the port of Vancouver The Vancouver Fraser Port Authority and Wallenius Wilhelmsen have announced the successful completion of terminal upgrades under the Annacis Auto Terminal Optimization Project in Delta. The initiative, which began in 2022, involved the consolidation of the Annacis and Richmond Auto Terminals into a single, streamlined facility at the Annacis Auto Terminal. With the upgrades now in place, the term
LX Pantos strengthens safety in logistics industry LX Pantos has signed a landmark memorandum of understanding with the Seoul Regional Employment and Labor Office to enhance industrial accident prevention and foster a safety-first culture within the logistics sector. This agreement represents the first formal collaboration between a government agency and a private company specifically targeting safety in home appliance installations. The MOU sign
Ransomware attack sinks 158-year-old transport firm According to BBC, a single weak password is believed to have ended a 158-year-old UK transport company. KNP, based in Northamptonshire, collapsed after falling victim to a ransomware attack. The breach left 700 people without jobs. The hackers, linked to the ransomware gang Akira, got in by guessing an employee's password, according to a BBC report. Once inside, they locked the company out of its
Operational lag at Long Beach Port could undermine US shipping strength amid tariff turmoil As International Transportation Services embarks on a significant expansion project at the Port of Long Beach adding 19 acres of container stacking capacity the broader shipping community is watching closely. The stakes are high: while the port is pushing to boost its efficiency, the dual ports of Long Beach and Los Angeles now find themselves under pressure from both internal operational challen
Bangladeshi container depots raise handling charges up to 81% The owners of Bangladeshi inland container depots have announced an upward revision of box handling charges for both loaded and empty containers. They have also announced a hike in charges for various other services provided to export-oriented sectors. For loaded containers, charges will increase between 60% and 81% starting from September - barely a month after a reciprocal tariff of 35% will co
Elcome launches bandwidth-free video on demand for seafarers In a move to improve life at sea and reduce satellite data costs, Elcome International has rolled out a new Video on Demand (VoD) service tailored specifically for ship crews. The service allows seafarers to stream movies, TV shows, podcasts, and news without using up the vessel's Internet bandwidth. Unlike conventional streaming platforms that eat into expensive satellite data, Elcome's VoD syst
Saudi Arabia charts bold course to overtake Gulf rivals as regional port powerhouse In a move set to redefine the maritime landscape of the Gulf and the wider Middle East, Saudi Arabia has signed long-term concession contracts worth over US$586 million to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The agreements, awarded to Singapore's PSA-backed Saudi Global Ports and the Saudi-Malaysian joint venture Red Sea Gateway Terminal, refl
Next Geosolutions takes over subsea contractor Rana Italy's Next Geosolutions (NextGeo) has acquired a controlling stake in fellow subsea contractor Rana Subsea, expanding its reach and capabilities in the offshore energy support segment. The Milan-listed company, part of Naples-based Marnavi Group, has agreed to buy 75.4% of Rana Subsea. The shares were acquired from Nettuno Holding (55.8%) and Rana CEO Alessandro Buffa ...
MOL launches global shipmanagement arm Japan's Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The move marks the beginning of ...
BIMCO issues clause to tackle US fees on China-linked ships The Documentary Committee of the world's largest shipping association, BIMCO, has adopted a standard clause aimed at addressing contractual uncertainties that may arise from the US Trade Representative's notice of actions to impose fees on Chinese-related ships calling US ports. A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the ...
HD Hyundai looks to buy back block manufacturer it sold six years ago Amid today's shipbuilding supercycle, HD Hyundai Heavy Industries looks like it will have to fork out a huge amount to reacquire a block manufacturer it sold six years ago. South Korea's largest shipbuilder is being widely tipped as buying back a majority stake in Hyundai Hyms from J& Private Equity for around $360m. Founded in ...
Old panamax bulker gets new life as China's offshore fish farm China has rolled out its largest ocean-going aquaculture vessel to date, completing the conversion of a panamax bulk carrier into a mobile fish farming unit for domestic operator Senhai MK. The vessel, Zhedai Yuyang 60001, was handed over by Shanhaiguan Shipbuilding, a unit of China State Shipbuilding Corporation (CSSC), after an extensive retrofit project in ...
OrbitMI acquires AI firm AuQub Maritime tech innovator OrbitMI has struck a deal to acquire Quebec-based artificial intelligence company AuQub. The acquisition deepens OrbitMI's investment in intelligent, connected workflows by embedding AuQub's advanced AI agents into its platform. These agents specialise in automating repetitive tasks and optimising operational processes. "Artificial intelligence is central to our mission of
Noble scores $80m drillship gig offshore Bulgaria Romanian oil and gas producer OMV Petrom and Israeli oil and gas firm NewMed Energy have hired a Noble drillship for two exploration wells in the Black Sea, offshore Bulgaria. The contract was awarded to Noble's 2011-built Globetrotter I ultra-deepwater drillship. The two wells will be drilled on the Han-Asparuh Block. The drilling campaign is expected ...
Adam Polemis linked to suezmax newbuilds Prominent Greek shipowner Adam Polemis is back in the tanker newbuilding market with a fresh order for suezmaxes in China, adding to recent transactions around both newbuilds and asset sales from his New Shipping group. Shipbrokers in Europe report that Polemis has signed a deal with CSSC Qingdao Beihai Shipbuilding for two firm 163,000 dwt ...
UK unveils latest sanctions aimed at Russia's shadow fleet The UK government has unveiled a slate of 137 new sanctions aimed at d Russia's shadow fleet. The measures, unveiled by foreign secretary David Lammy, target 135 oil tankers, as well as entities facilitating these ships - including Intershipping Services, the UAE-based company behind Gabon and Comoros flag registrations, and Litasco Middle East, a Dubai-based ...
Eni investing $10bn in Indonesian offshore gas field Italian energy giant Eni will invest $10bn, or around Rp150trn, in two gas projects off Indonesia's East Kalimantan province. Indonesia's minister of energy and mineral resources, Bahlil Lahadalia, said that the $10bn investment would be made in the Makassar Strait area, in the Jangkrik and Merakes blocks. According to the minister, Eni plans to begin ...
Exxon loses Guyana fight as Chevron finalises Hess takeover US supermajor Chevron has wrapped up its acquisition of compatriot Hess Corporation following the satisfaction of all necessary closing conditions. The deal was completed after an independent arbitration panel rejected ExxonMobil's claim that it held a contractual right of first refusal over Hess' interest in the Stabroek Block offshore Guyana. Hess' Guyana stake was Chevron's ...
Putin orders FSB to vet all foreign ships entering Russian ports Russia has tightened access to its seaports, with president Vladimir Putin signing a decree on Monday mandating that all vessels arriving from foreign ports must now obtain prior approval from the country's Federal Security Service (FSB). The executive order, which takes effect immediately, marks a significant expansion of wartime maritime controls. Until now, FSB clearance ...
Hanwha orders historic LNG carrier from US yard South Korea's Hanwha Group has placed a landmark order for a liquefied natural gas (LNG) carrier at its US-based Hanwha Philly Shipyard - the first such export-market-viable vessel to be built in the United States in nearly half a century. The order, valued at a minimum of $250m, includes an option for a second unit ...
Ship crews reach out for support as Red Sea GPS spoofing climbs to danger levels Tore Morten Olsen, president of maritime at Marlink, has signals advice for ships entering high-risk areas. The spike in physical attacks against shipping by Houthi rebels in the Red Sea has been mirrored by an increase in jamming and spoofing of GPS signals, effectively removing position, navigation and timing information from the control of the ...
How new EU sanctions could change tanker trades beyond Russia The latest round of EU sanctions on Russia could shake up tanker markets, pushing Greeks out of the Russian trade...
Comoros accuses EU-sanctioned ship register of fraudulently flagging ships on its behalf The EU recently sanctioned a company for registering sanctions-skirting ships under the Gabonese and Comorian flags. The government of Comoros...
The FSO Safer Story: How the world gave the Houthis an oil tanker Lloyd's List editor-in-chief Richard Meade and risk analyst Tomer Raanan bring you one of the most shocking maritime stories of...
European shipowners make their case for green fuel supply mandates European shipowners have presented the European Commission with a policy wish list ahead of the Sustainable Transport Investment Plan to...
Japan Club records lowest combined ratio seen in International Group in current decade Only Asian IG member bucks trend for last policy year
USTR levy effect on Chinese newbuild contracts limited by low bulker and tanker orders USTR-related port fees have not significantly hindered investment in China-built newbuildings
Online tools offer instant liability limitation calculations Size of cap is one of the first questions insurers ask after casualty, says barrister Arun Kasi
EU ports sound alarm as ETS pushes traffic toward transhipment rivals Europe's maritime emissions policy is triggering a reshuffle in Mediterranean shipping lanes, as carriers increasingly commit more tonnage to non-EU...
UK sanctions 135 tankers and Gabonese flag operator Intershipping Service LLC, which runs the Gabonese flag, has been issued with a wind down general licence, which allows companies...
BIMCO adopts USTR clause BIMCO has adopted a standard clause to tackle contractual uncertainties from the US Trade Representative's plans to levy fees on...
Putin orders vetting of vessels calling at Russian ports With multiple mystery explosions rocking Russian-linked vessels in recent months, including within the port of Ust-Luga, the Russian government is...
Hanwha Ocean and Hanwha Philly Shipyard to jointly build US-flagged LNG carrier Most of the construction of the newbuilding will be carried out at Hanwha Ocean's Geoje shipyard, while Hanwha Philly Shipyard...
Canopius promotes Pinnington to head of marine and energy treaty Pinnington steps up from role as marine and energy underwriter at the re/insurer
The Daily View: More of the same
Daily Briefing EU sanctions: how will the latest package of measures against Russia affect shipping? | EU pursuit of shadow fleet facilitators...
Carney has fresh opportunity to galvanize Canadian shipping industry Canada's port stakeholders are hopeful the new prime minister and world-renowned economist will fast-track major projects and modernize labor negotiations.
Hub Group boosts reefer intermodal business with Marten acquisition The $51.8 million cash deal includes Marten's physical assets and the transfer of its existing contracts with food and beverage shippers.
Flagging European industry clouds Rotterdam's rising container volume Consumer demand is driving container imports, but the weakening competitive position of European industry is directly impacting the integrated industrial cluster at the port.
Rosneft-linked oil network to appeal EU blacklisting 2Rivers says it would follow all legal and diplomatic avenues to try to get sanctions lifted
'Landmark order': Union Maritime adds large-scale wind propulsion to tanker newbuildings Two more LR2 tanker newbuildings will be fitted with fuel-saving WindWings
Japan Club bucks trend with underwriting profit Investment income plunges but Asia-based protection and indemnity club boosts reserves
Tariff confusion leading to one of worst years in history for US container imports Declining transpacific container volumes bodes ill for the wider container shipping sector
Question mark over Med tanker demand as Turkey pulls Iraq pipeline deal Exports from Ceyhan uncertain beyond next summer, broker BRS says
Why Trump's pending tariffs on Brazil could be good news for tanker owners Shipbroker BRS explains how rerouting to China would play into the pockets of owners
Threat vs reality: How Trump has shaped shipping in his first six months back in power Administration's actions show the president will not always chicken out, at least not completely
John Fredriksen set for huge profit after putting £250m price tag on iconic London home Report says 'discreet viewings' are being arranged for The Old Rectory
Asian 'tiger cub' nations driving tanker trades eastwards, Gibson says Indonesia leading the pack of emerging countries importing more oil, UK broker says
MOL brings together over 200 ships under new merged management operation Singapore-based LNG unit will now have oversight of whole mixed fleet
Eastern Pacific inks six-ship deal in first move on feeder container vessels in four years Idan Ofer-controlled company adds to its orderbook in China
Athenian Sea Carriers eyeing move into container sector with debut order Greek tanker owner linked to $170m order for its first boxships
Howe Robinson: First half sees VLCCs regain their prominence as top crude performers VLCC rates make gains, while suezmaxes and aframaxes falter
Threat vs reality: How 'taco' Trump has shaped shipping in his first six months back in power Administration's actions show the president will not always chicken out, at least not completely
Blow for crude tankers as no buyer comes forward for insolvent UK refinery British dependence on product carrier imports will deepen with closure of Lindsey plant
'Harass, board, seize and sink': Iran tension poses significant threat' to UK commercial shipping Committee report based its findings on events before deadly Hamas attack on Israel in October 2023
Costamare Bulkers buys first ship since New York spin-off as Greek capesize appetite returns Greece's Konstantakopoulos family resumes big bulker acquisitions after almost a year
'Harass, board, seize and sink': Iran tension poses 'significant threat' to UK commercial shipping Committee report based its findings on events before deadly Hamas attack on Israel in October 2023
First LNG carrier newbuilding in half a century ordered at a US shipyard Hanwha Shipping is behind breakthrough contract at sister shipyard
Old capesizes wanted as China unveils first bulker converted into aquaculture ship Live fish carrier was previously a 1996-built panamax vessel
BP-chartered tanker abandons Indian business as new EU sanctions bite The Talara was due to lift diesel from newly blacklisted Nayara Energy refinery
Stena Bulk adds to suezmax tanker fleet in deal with Greek owner Tanker duo fixed to Swedish owner for at least two years
Alarm raised over growing number of seafarers abandoned on sanctioned tankers Some ships are being kept idle in international waters, making it difficult to get help for crews
Greek shipowners move in on HMM product tankers as asset values take a hit Pair of SPP-built vessels is reported sold $5m below prices offered at the start of the year
Sinokor clears out capesize quartet in string of deals to Greek and Chinese interests Vessels leased from Bank of Communications had been on the market for several weeks
Global Feeder Shipping bags second vessel from German owner AD Ports Group-controlled liner pays $20m for handysize boxship
Former policeman arrested over links to drugs bust ship pleads innocence Two others detained in Greece two years after Togo-flagged Blume was seized in the Canary Islands
ITF sounds alarm over growing number of seafarers abandoned on sanctioned tankers Some tankers are being kept idle in international waters, making obtaining help difficult for crews
Orders for new bulkers and tankers fall by about 80% in first half of 2025 Deep plunge shows industry-wide caution, says Xclusiv Shipbrokers
US-sanctioned tanker mogul hits back as blacklisted ships swing at anchor Jugwinder Singh Brar addresses present challenges and his views on ship abandonment claims
Singapore broker Seafort eyes international advance after striking out into Japan Europe and Dubai offer potential, say founders as they seek to hedge against uncertainty
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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