Dutra Group awards dredge contract to Eastern Shipbuilding San Rafael, Calif.-based The Dutra Group announced March 21 the issuance of a Notice to Proceed for the new-build construction of a 10,464-cubic-yard Trailing Suction Hopper Dredge (TSHD) the Adele at Eastern
Pilbara Ports Authority reports throughput decline in February Pilbara Ports recorded a total monthly throughput of 49.5 million tonnes (Mt) in February 2025, reflecting a 6% decline compared to the same month in 2024. The Port of Port Hedland reported a monthly throughput of 37.5 Mt, with iron ore exports accounting for 37.3 Mt. This represented a 5% decrease in total throughput compared to February 2024. Imports through the port reached 183,000 tonnes, mar
Container Shipping Market: Weekly Analysis The container shipping market exhibited a mix of resilience and volatility this week, with stocks reflecting the impact of global trade flows, fuel costs, and supply-demand imbalances. While some companies managed to post gains, others experienced notable declines due to shifting freight rates and macroeconomic pressures. This report provides a detailed company-by-company analysis, shedding light
Mitsubishi Shipbuilding secures orders for three methanol-fuelled RORO ships Mitsubishi Shipbuilding, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has received orders for three additional methanol-fueled roll-on/roll-off (RORO) cargo ships from Toyofuji Shipping (Aichi Prefecture), Miyazaki Sangyo Kaiun (Oita Prefecture), and Nichitoku Kisen (Hiroshima Prefecture). These vessels will be constructed at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery
DB Schenker's electric trucks prove reliability in harsh Finnish winters DB Schenker has demonstrated the reliability of electric trucks in Finland, even in extreme cold. Over a year, two FUSO eCanter trucks were integrated into customer operations, successfully handling the demands of tough Finnish winters. Their performance in temperatures as low as -30°C-common in Lapland near the Arctic Circle-proves that alternative drive systems can function effectively in freez
ABP appoints Head of Continuous Improvement for Humber Region Associated British Ports (ABP) has selected Tim Hathaway as Head of Continuous Improvement, focusing initially on the Humber region. In this role, Hathaway will drive engagement across the organization to enhance work processes in an evolving landscape shaped by technological advancements, shifting customer needs, and the adoption of more efficient methods. He has worked both nationally and inter
Euroseas extends charter for 4,250 TEU boxship Greek container ship owner Euroseas has extended the time charter contract for its 4,250 TEU intermediate container ship, Rena P. The agreement spans 35 to 37 months at the charterer's discretion, with a gross daily rate of US$35,500, in direct continuation of its current charter. The new charter period is expected to commence on 21 August 2025. Aristides Pittas, Chairman and CEO of Euroseas, com
Industry struggles to navigate volatile market An active and constantly changing market is proving tough for the industry to navigate as rates slide further and utilisation is falling, though month-on-month volume figures show slight increases. With the Pacific contract negotiations in full swing, the carriers are desperately attempting to bolster failing spot rates on the most lucrative trade with capacity cuts
Evergreen grows interest in Egypt's Abu Qir Terminal Evergreen Marine Corporation has increased its stake in the greenfield Egyptian container terminal, Abu Qir, to 25%
Black Sea shipping operations on the table Russian and US experts will meet in Riyadh, Saudi Arabia, on 24 March to discuss measures for securing Black Sea shipping as part of talks on a potential Ukrainian peace settlement, according to a Reuters report
Cosco sets up European vehicle hub in Bremerhaven Cosco Shipping Carriers and BLG Logistics have formed a strategic partnership, according to DynaLiners report, designating Bremerhaven as Cosco's primary gateway to the European market Under the agreement, Germany's AutoTerminal Bremerhaven will serve as Cosco's central hub for vehicle imports to Germany, Scandinavia, the Baltic region, and Central and Eastern Europe. If you liked this post, plea
DP World partners with Mota-Engil to develop DRC's Banana Port DP World has appointed Mota-Engil, a Portuguese construction firm, to spearhead the development of the Banana Port-a key project aimed at strengthening the Democratic Republic of the Congo's (DRC) role as a major trade hub. This collaboration marks a significant milestone in the Banana Port project, which is set to revolutionize the DRC's trade landscape by introducing modern infrastructure, lowe
Evergreen commences new intra-Asia service Taiwanese container carrier Evergreen has decided to launch a new Pearl River Delta -Southeast Asia service, branded Vietnam-Thailand-Malaysia (VTS). According to DynaLiners' report, the new service will be operated by two 2,000 TEU container vessels, which will sail under the following port rotation: Shenzhen (Shekou, China) - Guangzhou (Nansha, China) - Sihanoukville (Cambodia) - Laem Chabang (
Cocoa supply is expected to improve in 2025 due to favorable weather conditions in West Africa The continuously challenging weather in West Africa, where most of the world's cocoa supply comes from, led to the highest prices of cocoa products in history. As farmers struggled to maintain cost-effective production due to heavy rains, the world experienced a chocolate crisis. In addition to fluctuating weather patterns, aging cocoa trees, and diseases, it has been more challenging to supply c
Container throughput rises in Peru In 2024, Peru's container ports handled 3.5 million TEUs, marking an 11% year-over-year growth. The Port of Callao, the country's largest port, saw an 11% rise in container volumes, surpassing 3 million TEUs and accounting for 88% of Peru's total container traffic. Meanwhile, Paita, the second-busiest port, processed approximately 310,000 TEUs but experienced a 4% decline. The most significant gr
NTSB Report: Baltimore Bridge Risk 30 Times Above Threshold The National Transportation Safety Board (NTSB) found that Baltimore's Francis Scott Key Bridge, which collapsed after being struck by the container ship Dali on March 26, 2024, was almost 30 times above the acceptable risk threshold for critical or essential bridges, according to guidance established by the American Association of State Highway and Transportation Officials (AASHTO). Over the las
DP World set to break ground on London Gateway expansion DP World has received approval for the GB£1 billion (US$1.3 billion) London Gateway expansion project, which is expected to establish the facility as the UK's largest container port. The construction works will commence in May, with DP World estimating that the expansion project will be completed after four years. The project includes the construction of two 400 metres-long all-electric berths an
Kuehne+Nagel opens new logistics facility in Texas Global logistics provider Kuehne+Nagel has announced the opening of a new Road Logistics facility in Laredo, Texas, United States. Spanning over 40,100 m², the facility consolidates three existing cross-docks into a single location, effectively doubling capacity at the US-Mexico border. Strategically positioned, this new site aims to assist customers in navigating the complexities of nearshoring,
Rotterdam congestion drives ocean carriers away Congestion at Rotterdam's port terminals has forced ocean carriers to adjust their services to avoid delays at the major European hub. As a result, MSC and CMA CGM have decided to omit Rotterdam from their joint North Europe-Australia service-branded as NEMO and Australia Express, respectively-until at least early June, according to DynaLiners. After the Rotterdam removal, the service rotation wi
Maersk upgrades West Africa service Danish ocean carrier Maersk will expand its West Africa 3 (WAF3) service into the Mediterranean basin, adding Egypt's Port Said to the port rotation. The company has also decided to increase the container ship fleet of the service, according to the latest DynaLiners report. With Maersk deploying two additional vessels, the service is now operated by five 4,500 TEU boxships, which sail under the f
Ocean Alliance replaces Rotterdam with Southampton on Europe-Far East service Ocean Alliance of CMA CGM, COSCO, Evergreen and OOCL has decided to change the port rotation of a service between Europe and the Far East. According to DynaLiners, the container shipping grouping will remove the Dutch port of Rotterdam from the service, replacing it with the port of Southampton in the United Kingdom. The revised service, which is operated by 17 vessels of around 17,000 TEUs, will
Seven niche container lines launch China-Mexico joint service Seven smaller ocean carriers will introduce a joint service between China and Mexico. Emirates Shipping, KMTC, Regional Container Lines (RCL), Sinokor, Sinotrans, SeaLead Shipping and T.S. Lines will enter into a trade that is new for most of them. Each liner operator, according to DynaLiners report, will deploy a single boxship of around 3,000 TEUs on the service rotation, which will be as follo
Container rate slide may point to start of overcapacity Ocean container rates out of Asia continued to fall last week, slipping beneath 2024 lows on a combination of a post-Lunar New Year lull in demand, impacts from the new carrier alliance services still moving into place, and capacity growth. Asia-Europe prices dipped 11% to US$2,740/FEU, 14% lower than their 2024 floor, and Asia - Mediterranean rates eased 9% to less than US$3,800/FEU, 10% lower t
Orders pile up for methanol-fuelled roros in Japan Japan's Mitsubishi Shipbuilding has secured more methanol-powered roro orders from compatriot shipping companies. The shipbuilding unit of Mitsubishi Heavy Industries (MHI) is set to build three ships for Toyofuji Shipping, Miyazaki Sangyo Kaiun and Nichitoku Kisen, with delivery expected in fiscal 2028. The new orders follow two similar newbuilds Toyofuji Shipping and Fukuju Shipping booked ...
UK firm to oversee Petrojarl I FPSO transition to Amplus Energy Aberdeen-headquartered Amplus Energy has hired V.Ships Offshore to oversee the transition of the recently acquired Petrojarl I FPSO. Altera Infrastructure sold the FPSO unit to Amplus last month. Described as the most deployed FPSO in history, the 1986-built vessel's last charter was with Enauta at the Atlanta field in Brazil's Santos Basin. The 215-m-long unit was Altera's very ...
Hacker group claims to have knocked out comms on 116 Iranian vessels Lab Dookhtegan, a hacker group, has claimed this week it has disrupted the communication networks of 116 ships belonging to Iran's top two shipping firms. "In an unprecedented move, we successfully disrupted the communication network of two Iranian companies that, among various terrorist activities, are responsible for supplying munitions to Houthis," the group wrote on ...
Wisdom Marine returns to Japan for more handysize newbuilds Taiwanese shipowner and operator Wisdom Marine is adding more Japanese handysize bulkers to its orderbook. In a regulatory filing, the Taipei-based company said it would pay up to $70.75m for a pair of 39,000 dwt units to be built at Naikai Zosen. The country's largest dry bulk shipowner has a fleet of over 140 vessels ...
Baker Hughes nets pair of Petrobras deals Oilfield services giant Baker Hughes has signed a deal with Brazilian oil and gas major Petrobras to provide fully integrated completion systems as well as an agreement for a definitive solution for stress corrosion cracking due to CO2 in flexible pipe systems. The multi-year contract award for completion systems follows an open tender and will ...
Flags of questionable quality grow market share Over 5,000 vessels - equivalent to 14.5% of the global merchant fleet - operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler. "Flag risks are increasingly shaping maritime due diligence, impacting regulatory s
Investigators warn 68 American bridges are at risk from a Dali-style accident The one-year anniversary since 2024's most high-profile ship accident is next week, and the fallout from the Dali containership's destruction of a bridge in Baltimore continues to permeate throughout the US. In the early hours of March 26 last year, the Dali lost power after leaving the port of Baltimore and struck a pillar of ...
Chinese teapot refinery included in latest round of American sanctions targeting Iranian oil The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shandong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars' worth of Iranian crude oil, including from vessels linked to the Houthis, and the Iranian Ministry of Defense of ...
Risks may change but the dry bulk market is all about managing exposure Shipping and trading firms need to think differently to achieve robust risk governance, writes Thomas Zaidman, managing director of Sagitta Marine. The past decade has been a rollercoaster for commodity markets with extreme swings in freight rates to geopolitical shocks affecting supply global chains. Volatility is a fact of life in the shipping markets, in ...
EU sets stage for collaborative maritime strategy EU commissioner pledges to work closely with the shipping industry in crafting the crucial framework underpinning its Sustainable Transport Investment...
Diana teams up with Spanish tanker owner for 7,500 cu m LPG carrier newbuilds 'Modest' investment will not deflect from core dry bulk business, say sources
Gambia's dark fleet gambit sees detentions and sanctions surge Gambia's flag registry grew greatly by carrying capacity since 2023, fuelled by injection of dark fleet vessels, most of which...
Box rates still sinking but disruptions due to port fees could spur rebound The outlook for spot rates is uncertain. On one hand, US consumer sentiment is weakening, a negative for pricing. On...
China-Taiwan conflict fears could spark war risk insurer exodus 'We could end up with major pollution because a tanker has been forced into a collision by some of the...
Big Chinese newbuild orderbook to haunt vehicle carrier sector if USTR levy comes to pass Some 60% of the global deepsea vehicle carrier fleet trades to US ports. Most vehicle carrier operators will be unable...
Why you should worry about boring IMO debates Shipping is getting climate regulations whatever happens at IMO. It should care about whether they actually work
Houthi threat to shipping extends to Mediterranean, warns naval forces Shipping urged to remain vigilant as Houthi retaliatory attacks are anticipated
German seizure of sanctioned tanker 'not yet legally finalised' German media outlet Der Spiegel reported that authorities had confiscated the tanker and its cargo, but customs measures are yet...
Bluepool poised to grow to 19 bulkers Pool prides itself on 'market-beating' returns and drawing a diverse range of participants
ICTSI exec slams APM Terminal's motives behind Durban terminal dispute ICTSI's Christian Gonzalez says APMT is attempting to scupper its Durban deal to hold on to supply chain supremacy in...
Stevedores killed on board bulker had no enclosed space training The UK's Marine Accident Investigation Branch has recommended InterManager and RightShip develop a minimum safety standard for stevedores conducting cargo...
Reinsurers more relaxed at 1/1 renewals, conference hears Marine classes among bigger beneficiaries of Decile 10
The Daily View: Bad climate policy is worth worrying about DecarbonisationSustainabilityContainers
CMA CGM partners with SIPG and Shanghai Electric on bio-methanol supply The deal taps Shanghai Electric's Taonan production base in northern China to provide up to 200,000 tonnes per year transported...
CDB Leasing finances Golar FLNG unit via sale and leaseback The vessel completed its conversion in 2023 and started operations this year, with BP as charterer
Daily Briefing US port fee plan open to legal challenge | e-fuel production subsidies could price out developing countries study finds |...
Escalating tariffs will cause 'profound' trade pattern changes: Cosco Cosco said changes in the shipping alliances this year will trigger competition in digitization and decarbonization.
Cosco warns of industry cargo flow changes after strong 2024 profits Cosco said changes in the shipping alliances this year will trigger competition in digitization and decarbonization.
USTR's China tonnage tax would squeeze smaller trades: stakeholders US maritime interests said the proposed fees on Chinese ships would hit a variety of low-value, niche trades that can't absorb the costs.
Breakbulk stakeholders blast USTR's China tonnage tax proposal MPV industry experts call for exemptions to US port tax for China built ships, stressing the lack of alternatives for specialist cargo carriage and the unfair burden on responsibility on the sector.
India-US contract cycle shadowed by overcapacity Container lines serving the India-US trade appear to be taking a hard line in the first round of annual contract negotiations amid overcapacity putting downward pressure on spot rates.
Heathrow shut down plunges air cargo supply chain into chaos Air cargo operators out of Europe's busiest airport will face at least a week of turmoil as airlines, forwarders and terminals start clearing the rapidly building backlog of freight when flight operations restart at midnight Friday.
US in 'holding pattern' over IMO membership: DNV Member states of the IMO must bury their divisions and emerge from the April MEPC meeting in London with agreement on a fuel standard and an economic measure to fund the transition to clean energy.
Tacoma to boost ro/ro capacity in $200 million expansion plan A deal between the Northwest Seaport Alliance and the Native American Puyallup Tribe will result in a 22-acre, two-berth terminal completed by the end of the decade.
Shipping groups tell Trump officials: Fees on Chinese ships will hurt US ICS leader says US could face a decline in available tonnage under proposed measures
Container spot freight rates sink to 15-month lows, despite stronger charter market Freightos Baltic Index down 4% week on week and 28% month on month
Wisdom Marine returns to Japan for handysize bulker newbuildings Taiwanese owner adds to orderbook after a quiet period
Nervous shipowners prepare for newbuild disruption as China-Taiwan tensions grow War risk insurers say they are modelling scenarios for potential losses in the event of conflict
Diana Shipping reveals investment in LPG carrier newbuilding venture US-listed player becomes 'strategic partner' in semi-refrigerated vessels, alongside Spanish partner
John Fredriksen snaps up more DOF shares as holding tops 10% Norwegian-born tycoon remains active in equity markets
Capesize spot market subdued as market sentiment turns bearish in 'rollercoaster' week Average rates fall by 6% week on week, monthly gains still over 170%
Podcast: John Fredriksen's savvy play and Hing Chao's warning that 'global trade is under threat' This week's episode of TradeWinds' shipping news podcast also looks at safety in ammonia-fuelled vessels and fire risks on container ships
Castor Maritime bulker joins 'flexible' Greek panamax pool Petros Panagiotidis company commits 21-year-old vessel to Athens-based Bluepool
Star Bulk, John Fredriksen and a poison pill: Greek owner has a remedy should romance turn sour Greek owner is protected by anti-takeover language, though it has not been activated
Mitsubishi wins deals for three more methanol ro-ros from trio of Japanese owners Toyofuji Shipping, Miyazaki Sangyo and Nichitoku Kisen sign up for 2028 deliveries
Marine insurers 'lagging in shift to green shipping' AP Moller-Maersk vice president Lars Henneberg highlights the role of banks in promoting green projects
Raging dispute sees Germany's FSRU-based Stade terminal founder Project's chartered regas vessel has lain unused for a year
Western Bulk Chartering flips ultramax bulker for profit with sale to Precious Shipping Five-year-old bulker was previously on long-term charter to the operator
Suezmax rates soar to 12-month high as Black Sea shipments increase Kazakh crude loadings set to rise further at the CPC terminal in Novorossisyk
Sanctioned Russian oil-laden suezmax tanker confiscated by Germany The Eventin was sanctioned by the European Union after it was secured by German rescue services
International Seaways suezmax ships first-ever Brazilian cargo to giant Dangote refinery US owner's tanker is the latest to help diversify sources of oil for Nigerian plant
Trafigura adds former Mercuria and Morgan Stanley heavyweight to finance team Trader and shipowner says David Gallagher will run its structured finance operations
Hackers claim to have disrupted communications on 116 Iranian ships Group called Lab Dookhtegan says operation was timed to coincide with US attacks on Houthi rebels Investigators say the risk from a ship collision was well above acceptable risk level before collapse
Nicolas Saverys moves to second offer round in bid to take Exmar private Holding company Saverex set to bump up its shareholding to 92.5% after initial period
'Prudent move': DHT fixes out VLCC for a year as rates spike US owner wins analyst backing for deal to secure solid earnings for 2017-built ship
Eastern Pacific tops Singapore shipowner league However, AP Moller-Maersk remains the biggest supporter of the Singapore flag
Ignazio Messina targets container ship newbuildings after sealing $50m financing Italian owner secures funding from domestic lenders as it targets fleet expansion
'Crazy idea': DNV markets head says shipowners should buy a shipyard Maritime markets and trade director floats one idea for how to spend shipping's billions of dollars of profits
Don't forget FuelEU deadlines when sealing S&P deals, Reed Smith lawyer warns Compliance will have a value when negotiating secondhand transactions, warns Reed Smith lawyer Antonia Panayides
MPC Container Ships banks $75m in bond tap issue Proceeds will be used for debt refinancing and acquisition of maritime assets
NOS enters new sector with Edda Wind ship buy after NYK takeover Swedish owner has formed new joint venture to take over Mistral Enabler
Two anchor-handlers arrested in spat over failed multi-ship sale Arrest of two Samson vessels part of $49.3m legal battle launched by Alphard in Indian courts
Don't forget FuelEU deadlines when sealing sale and purchase deals, Reed Smith lawyer warns Compliance will have a value when negotiating secondhand transactions, warns Reed Smith lawyer Antonia Panayides
Chinese lessors cautioned to avoid the pitfalls of ship finance sector's past mistakes Christian Nolting warns against putting all the eggs in one basket, and stresses the need to see the bigger picture
US threats will not eliminate China's shipbuilding industry, says Cetus' Mark Young The US lost shipbuilding to Asia 'a long time ago' and must choose wisely to recover, says bulker owner
China's shipbuilding industry will not be eliminated by US threats, says Cetus's Mark Young US needs to pick the right industry to make a comeback to the manufacturing sector, bulker owner explains
Speak out for seafarers unjustly imprisoned for doing their jobs The roll-call of criminal cases across the world shows that seafarers need better protection
Port of Seattle says newly approved city housing plan would interfere with truck traffic The Port of Seattle says a controversial plan to rezone part of downtown for residential development will chip away at the city's industrial base.
FedEx orders Boeing 777 and ATR cargo aircraft, delays MD-11 retirements FedEx has switched from downsizing to incrementally growing its air cargo fleet by ordering large 777 freighters and postponing plans to retire older MD-11 jets.
Trans-Pacific container rates below lowest 2024 levels: Freightos Ocean container rates on trans-Pacific routes to the U.S. continued to decline in the latest survey from Freightos.
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