Chris-Marine introduces new portable surface lathe Malmö, Sweden-headquartered engine maintenance equipment specialist Chris-Marine AB has launched the PSL portable surface lathe, a high-precision solution designed for efficient sealing surface machining both in-situ and in workshops ashore. Developed for
Crowley announces 2025 Thomas B. Crowley Sr. Memorial Scholarship recipients Crowley reports that seventeen students from six U.S maritime academies and an El Salvador university have been selected as the 2025 recipients of the Thomas B. Crowley Sr. Memorial Scholarship. The scholarship
Trump Administration cites radar clutter in putting new pause on offshore wind projects In another assault on the U.S. offshore wind industry, the Department of the Interior announced today that it is pausing-effective immediately-the leases for all large-scale offshore wind projects under construction in the
Accelleron signs 50th Turbo MarineCare agreement Baden, Switzerland-based Accelleron Industries Ltd [ACLN: SIX Swiss Ex] has marked a major milestone in its smartly enabled service offering for turbochargers on two-stroke marine engines., It has signing its fiftieth Turbo
Seatrium and Maersk Offshore Wind resolve WTIV delivery dispute Singapore-headquartered Seatrium Limited reported today that its Seatrium Energy (International) Pte Ltd unit (SEI) and Maersk Offshore Wind affiliate Phoenix II A/S have resolved a dispute that began back in October when
Wrist acquires Delaware Ship Supply Wrist, the world's largest supplier of provisions, stores and spare parts logistics for vessels and offshore, has acquired Camden, N.J.-based Delaware Ship Supply, a maritime supplier with more than a century of
Major Flag States advance International Flag-State Association Liberia, the Republic of the Marshall Islands, and the Republic of Panama continue to strengthen cooperation through the International Flag-State Association (IFA). Established in 2021, IFA brings together the world's three largest ship registries. It provides a formal platform for flag States to address global maritime challenges. The focus includes safety, security, environmental protection, an
CMA CGM updates SEAS 3 service CMA CGM is updating its SEAS 3 service connecting the Far East and South America East Coast to improve coverage and transit times. New Rotation: Shanghai - Hong Kong - Shekou - Singapore - Santos - Itajaí - Singapore. Key Highlights: Expanded Hong Kong Coverage: Strengthens connectivity from major Asian hubs. Itajaí Connectivity: Weekly calls added, complementing Santos; fastest transit times fro
APM Terminals bets big on geopolitical fault lines Maersk's terminal arm is pouring billions into contested corridors and emerging markets, positioning itself at the crossroads of trade disruption and great-power rivalry
CMA CGM updates M2X and ACSA 1 service rotations CMA CGM is reshuffling its Far East - West Coast & Central America network for 2026 to improve schedule reliability, port coverage, and transit times. M2X - Mexico-Focused Service Rotation: Shekou - Ningbo - Shanghai - Tianjin Xingang - Qingdao - Ensenada - Manzanillo - Lazaro Cardenas - Yokohama Start: 5 Jan 2026 (Shekou) Direct call to Ensenada for better market connectivity Dedicated setup to
Textainer acquires Seaco, forms world's largest container fleet Stonepeak-backed Textainer has completed its acquisition of Seaco, the marine container leasing company, from Bohai Leasing's subsidiary. The combined fleet now totals approximately 8.3 million CEU, making it the world's largest and most diversified container leasing portfolio. The merger strengthens Textainer's position as a leading global provider of container solutions. Olivier Ghesquiere, Tex
Incat powers up world's largest battery-electric ship Incat Tasmania has marked a major milestone in maritime history after successfully powering up the world's largest battery-electric ship and completing its first electric motor trial in Hobart, Tasmania, on 14 December 2025. The vessel, known as Hull 096, is the largest battery-electric ship ever constructed and the largest electric vehicle of any kind globally. Measuring 130 metres in length, it
ONE's magenta vessel makes first-ever call at Port of Lisbon The Port of Lisbon has welcomed the first-ever magenta vessel to call at the Portuguese port, marking a notable milestone for regional container shipping connectivity. The ONE RECOMMENDATION made an ad hoc call from the Far East between December 7 and 9, drawing attention with ONE's distinctive magenta livery. The call is being viewed as a positive step toward the potential establishment of a reg
Port of Klaipeda's cargo volumes maintain double-digit growth The Port of Klaipeda handled nearly 36 million tonnes of cargo over the first eleven months of the year, maintaining double-digit growth compared to the same period last year. Growth was driven by containerized cargo, ro-ro freight transported by ferries, and liquefied natural gas, with Klaipeda remaining the leading port among the Baltic States. Over the first eleven months of this year, nearly
Port Houston greenlights key initiatives for global trade and future Capacity The Port Commission of the Port of Houston Authority met for its final meeting of the year, approving key initiatives that strengthen trade relationships, modernize operations, and expand critical infrastructure to support continued growth at Port Houston's public terminals. Chairman Ric Campo reflected on the success of the 4th Annual Community Resource Fair, which drew over 7,000 attendees and
Gulftainer opens second bonded dry port in Sajaa Gulftainer has launched its second bonded Dry Port in Sajaa, expanding its logistics network across the UAE. Strategically located between Sharjah and Khorfakkan Port, just 90 km apart, the Sajaa Dry Port offers multimodal connectivity, scalable storage, and faster cargo movement. Key Features: 50,000 sq. m. fully interlocked yard 5,000 sq. m. modern warehouse space 30,000 sq. m. bulk and contain
Cornelder de Mocambique announces the acquisition of two new cranes at the Port of Beira, valued at approximately US$25 million, includes approximately US$5 million for the purchase of other equipment. For Cornelder de Mocambique, this investment is part of a plan to strengthen operational capacity and respond to growing demand. The company plans to invest between US$120 and US$125 million in the coming years in the modernization and expansion of the port infras
Port Authority Board of New York/NewJersey elects Officers for 2026 The Port Authority of New York and New Jersey's Board of Commissioners today held its annual election of officers and unanimously re-elected its chairman, vice-chairman and executive director, as well as all other incumbent officers of the Port Authority, which pursuant to the agency's by-laws include the roles of secretary, general counsel, chief financial officer, comptroller, and treasurer. Th
CMA CGM announces rate restoration initiative from Asia to Latin America CMA CGM has announced the implementation of a Rate Restoration Initiative (RRI) for cargo moving from Asia to Latin America, effective 1 January 2026, based on the loading date. The RRI will apply to shipments originating from all Asian ports, including Japan, Southeast Asia and Bangladesh, and destined for West Coast South America, East Coast South America, the Caribbean and Mexico. According to
Gemini amends transatlantic services following CES closure Gemini Cooperation partners Hapag-Lloyd and Maersk are set to amend their transatlantic service network to offset capacity and coverage changes resulting from the planned closure of Hapag-Lloyd's Europe-Caribbean CES service, according to Dynaliners. The adjustments will affect several Gemini-operated loops, with port rotations modified to maintain connectivity between Europe, North America and t
Seaboard Marine revises Gulf Service Seaboard Marine has revised its Gulf Service, which connects the U.S. Gulf ports of Houston and New Orleans with destinations in Central America and the Caribbean. Under the updated service configuration, the carrier has removed the call at Mariel, Cuba, and instead added coverage of Cartagena, Colombia, and Colón, Panama. The revised Gulf Service rotation is Houston - New Orleans - Puerto Cortes
Imoto Lines and Samudera Shipping establish joint venture Japanese carrier Imoto Lines and Singapore-listed Samudera Shipping have established a new joint venture to provide coastal and regional container shipping services in Japan, according to Dynaliners. The joint venture, named Blue Ocean Shipping, is owned 51% by Samudera Shipping and 49% by Imoto Lines. It is scheduled to commence operations in the first half of 2026. At launch, Blue Ocean Shippin
Port of Barcelona to host Southern Europe's largest coffee terminal Barcelona International Terminal (BIT), a joint venture between SGS and Masiques, will build the most advanced coffee terminal in southern Europe at the Port of Barcelona. The project involves a €30 million investment, €20 million from the Barcelona Free Zone Consortium (CZFB) and €10 million from the Port of Barcelona. The new terminal will occupy a 53,380 m² plot in section VI of Ronda del Port
Barriers to entry, barriers to exit and disintermediation Pierre Aury writes for Splash that in shipping, low barriers to entry are being offset by digital barriers to exit quietly built by IT vendors. The dry bulk and tanker markets are classic examples of commoditized, low-differentiation industries with hardly any barriers to entry. Vessels are more or less standardized assets. A newcomer can easily ...
Fredriksen's SFL cashes in on oldest suezmaxes John Fredriksen-backed SFL Corporation has agreed to sell two of its older suezmax tankers, continuing a selective reshuffle of its tanker portfolio. The US- and Oslo-listed owner said it will dispose of the 2015-built SFL Thelon and SFL Ottawa, both 160,000 dwt vessels currently on charter to Koch Industries. The gross sales price is expected ...
Zodiac times newcastlemax sale as buyers stay active across sectors Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The 206,000 dwt, 2005-built vessel was constructed at Imabari Shipbuilding. The ...
Diana Shipping adds another period fixture to bulker slate Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day, less a 5% commission. The deal runs until December ...
Integrated Wind Solutions adds to backlog with CSOV contract extensions Integrated Wind Solutions has strengthened its forward orderbook after agreeing a two-year extension to a strategic contract with an existing client, tightening utilisation for its walk-to-work fleet into the next decade. The Oslo-listed company said the deal for its business unit IWS Fleet covers the European region through 2029, with options that could run as ...
TechnipFMC bags subsea work on Eni's second Mozambique FLNG Offshore contracting giant TechnipFMC has been awarded an EPCI contract by Italian major Eni on the Coral North development offshore Mozambique. The company will work on the second floating liquefied natural gas (FLNG) project in the country. Under the terms of the deal, TechnipFMC will manufacture and install flexible flowlines and risers, as well as install subsea ...
Equinor awards EPCI work on Norwegian Sea field to Ocean Installer Marine construction contractor Ocean Installer, a Moreld subsidiary, has been awarded a contract for work on a life extension project on Equinor's Mikkel field. The EPCI project includes detailed design work, fabrication, and installation of rigid spools, as well as the installation of a flow condition unit at the Mikkel field. Offshore operations are set ...
Subsea7 secures vessel extension under long-running agreement with Equinor Offshore engineering and services player Subsea7 has won an extension from Equinor for the 2013-built Seven Viking. The deal is an extension of an existing frame agreement for subsea inspection, maintenance and repair services (IMR). This is the latest extension to the frame agreement, first signed in 2018. Under the terms of the extension, the ...
Prosafe lines up flotel charter with Ithaca Energy in 2027 Offshore accommodation vessel specialist Prosafe has been issued a letter of intent from Ithaca Energy for the charter of the 1982-built flotel Safe Caledonia to provide accommodation support at the Captain field in the UK sector of the North Sea. The firm duration of the contract, set to start during the second quarter of 2027, ...
VLCC rates fall like 'lead balloon' in steepest one-day plunge in over half-decade Crude tanker markets in general remain historically strong. That said, VLCC spot rates, specifically rates from the Middle East Gulf...
Shipping in 2026 and beyond: the future isn't what it used to be Despite a potentially worrying orderbook and continuing disruption, for now at least, the pathologically optimistic shipping sector is still feeling...
Shipping lenders partying like its 2007, experts warn Competition is eroding pricing differentials in favour of smaller owners, Lloyd's List podcast told
Why lenders are throwing money at shipping With the days of 'relationship banking' long gone and Chinese lessors beginning to come under pressure, Lloyd's List law and...
CMA CGM and DHL Global Forwarding team up on biofuels French container line CMA CGM and German logistics firm DHL Global Forwarding agreed to use used cooking oil methyl ester...
Greeks to the fore in year of the feeder Greece-based owners have placed one-third of the impressive number of feeder containership orders in 2025, according to Intermodal Shipbrokers
LNG: Sector to find firmer floor in 2026, but real recovery still years away LNG shipping won't sustainably lift until demand growth - especially from China - catches up with a heavy newbuilding pipeline
The week in newbuildings: MSC Cruises and Wan Hai Lines drive wave of high-value orders In the container sector, Taiwan's Wan Hai Lines signed its first order at CSSC Huangpu Wenchong Shipbuilding, for six 6,000...
LPG: The good, the bad and the geopolitics After a year shaped by US-China trade swings and tightening Iran sanctions, the VLGC sector enters 2026 balancing a swelling...
New private shipyard breaks ground in Rongcheng as China's builders rebound It signals renewed private investment in Chinese shipbuilding, adding modern repair, conversion and dual-fuel newbuilding capacity in northern China
The Daily View: Close and yet so far
Hanwha Engine agrees $200m takeover to bolster greener propulsion The deal broadens Hanwha's low- and zero-emission propulsion offering, complementing its dual-fuel engines and supporting growth in Europe
MOL names new president in planned succession and signs VLGC charters Changes in management and new TC agreement to further MOL's ambitions under its Blue Action 2035 management plan
Service-related issues to take center stage in 2026-27 ocean contract talks: sources Widening global overcapacity and import volume forecasts warning of weak volume growth will embolden cargo owners to attempt to secure more favorable fine print in their contracts on key service issues.
Carriers, POLA back UP-NS deal, citing lower transit times, costs ONE and SM Line are ocean carrier partners to Union Pacific on the West Coast, and a majority of UP's international intermodal volume originates at the Port of Los Angeles.
Trump administration suspends wind energy projects over 'national security' threat The pause on work at five major offshore wind farms along the US East Coast is likely to have an impact on heavy-lift and project cargoes supporting the installations.
DHL, CMA CGM unveil emissions-cutting biofuel collaboration The agreement will result in a reduction of an estimated 25,000 mt of CO2-equivalent well-to-wake emissions for ocean freight transported under DHL's "GoGreen Plus" initiative.
Maersk Offshore to take delivery of delayed $475m wind ship Settlement with shipbuilder Seatrium brings to an end arbitration dispute
Naughty or nice? Genco Shipping gets coal, Navigator Holdings candy in new Webber tables Shipping gets first new governance king in five years as Greek names dominate botttom of rankings
Heidmar adds five more tankers as product carrier fleet expands again Greek manager says eco vessels joining under commercial and technical contracts
Judge orders insurance payout on mine-hit ship Financier was covered by separate insurance designed to guard against loan repayment default
Turkey heralds the new year with hike in marine pollution fines The 25% increase is based on the country's annual rate of inflation
NYK charters ammonia carriers to JERA for Japan's first low-carbon fuel imports Move follows MOL fixing VLGCs to trader to scale green fuel business
Major boxship fire cleanup ongoing after six months The Wan Hai 503 was taken to Dubai where specialists are removing burnt containers
Greek shipbuilding makes a comeback with newbuilding order at US-backed yard Revived yard near Piraeus hauls in debut order with an eye on big, fat, Greek tug fleet renewal business
Caution abounds as tankers loiter or U-turn off Venezuela, broker says Sentosa analyst Becky Smart says December exports have plunged by half
Court puts supramax up for sale after row over small bunker bill spirals Gujarat high court orders auction of 2009-built Elvita R
Fearnley Securities downgrades Stolt-Nielsen after stock rally Investment bank has 'hold' rating on chemical tanker group, with 2026 profit forecast raised
French owner Bourbon plots expansion with new cash as private equity owners move in US giants Davidson Kempner and Fortress take over after latest restructuring
Sanctioned tanker with Russian naphtha runs Venezuela blockade Blacklisted Hyperion beats US blockade to bring cargo to South American country
Howe Robinson upbeat on tankers and bulkers as UK arm shows red ink Shipbroker's UK division saw revenue fall in the year to 31 March
Peace, pioneers, Posidonia and Procopiou: What to look out for in 2026 TradeWinds takes a fleeting look at some of the events and themes of next year
Greek owner Avin International's tanker fleet to join Ahti pool Vardinoyannis group company signs up to FuelEU Maritime compliance operation
Gard: Do more to punish shippers behind boxship blazes World's largest marine insurer raises alarm over the costs of mis-declared cargoes
Wartsila sells gas business to private equity group Mutares Finnish group carves out unit specialising in cargo handling, FSRU and biogas solutions
Drone-hit sanctioned tankers limp to safety off Turkey and Greece Omani-controlled aframax struck in the Mediterranean is now tracked sailing in the Aegean Sea, at a very slow speed
MOL charters gas carriers to trader as it moves towards large-scale ammonia transport JERA takes two ships designed for low-carbon fuel carriage
Diana deepens ties with Paralos through new long-term kamsarmax fixture Deal for 82,100-dwt Myrsini (built 2010) shows pre-Christmas lull for mid-sized bulkers
Okeanis Eco Tankers gets new Greek loans to complete suezmax funding Alafouzos family firm mixes new debt with equity to finance $194m acquisitions
Neptune Pacific names veteran shipping executive as new president Former Maersk and Asyad Line leader to take helm from February 2026
Chinese shipowner scraps bulker converted from Greek tanker Most tanker to bulker conversions were recycled once reaching the age of 25, but Chang Ming Yang lived on for nearly a decade longer
Zissimatos-linked Monte Nero inks LR2 tanker orders at Hengli Shipbuilding The Dalian-based shipyard is scheduled to deliver the pair of 114,000-dwt product tanks during the first half of 2027
Tanker 'not under control' in the Taiwan Strait China issues warning after machinery failure leaves the vessel adrift
'Cheated or exploited': India bans 45 rogue agents in crewing crackdown Banning notices shine a light on practices that exploit seafarers
Ocean rates: New Year promises a good 'blanking' for US East Coast Ocean container rates got a pre-holiday bump in the latest week's data as inbound Asia traffic continues to run stronger to the East Coast while carriers look ahead to the New Year for improvement on the West Coast. Asia-West Coast spot rates for the week ending Dec. 14 climbed $366, or 21.3%, to $2,086 per twenty foot equivalent unit on capacity that was broadly steady, up less than 1% to 301,66
Canada Post, mail carriers tentatively agree on labor deal Canada Post and the Canadian Union of Postal Workers on Monday announced they have reached a tentative labor agreement that will be presented to more than 50,000 mail carriers for a vote. The production of finalized contractual language comes one month after the sides signed a framework agreement o n how to settle a protracted collective bargaining dispute, which included two strikes and other wo
STB asks comments on 'completeness' of rail merger application Looking for something to do over the Christmas holiday? The Surface Transportation Board has a suggestion. The rail regulator announced that comments on the completeness of that 7,000-page application are due by Monday, Dec. 29, 2025. Because the application is classified as a major transaction under Board regulations, it must include substantial supporting information (detailed in the Board's re
Stord to double e-commerce fulfillment capacity in Kentucky Stord, a provider of turnkey e-commerce fulfillment services and logistics technology, has committed $40 million over five to 10 years to expand and modernize its largest shipping center, located in Hebron, Kentucky, to keep up with growing demand for online shopping. Stord gained ownership of the 520,000-square foot Hebron facility in 2024 with the acquisition of Pitney Bowes' e-commerce fulfill
Commentary: How the FMCSA should investigate truck driving schools The Federal Motor Carrier Safety Administration's purge of 3,000 fraudulent truck driver training schools from its Training Provider Registry (TPR) a few weeks ago was welcome news. The TPR was created just a few years ago to register all truck driver training providers who could fulfill the new Entry Level Driver Training rule (ELDT), which was supposed to establish a benchmark or floor for basi
Supply Chain Strategies for an Uncertain Trade Environment In today's volatile global marketplace, the importance of robust supply chains cannot be overstated. Characterized primarily by rapidly evolving tariffs, geopolitical tensions, and other unpredictable regulatory changes, the current trade environment demands that companies across the board learn how to integrate adaptive supply chain strategies. Thanks to the use of the latest cutting-edge tools,
Benesch panelists: Why 2026 could be a strong year for logistics M&A New York-Ron Lentz is the managing partner of Logisyn Advisors, a logistics merger and acquisition advisory firm. And he recently had two widely divergent views of the year that is about to end and the one that is coming up. At the annual Benesch Investing in the Transportation & Logistics Industry Conference here earlier this month, Logisyn said of 2025, "I almost can't give away asset-based tru
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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