GLDD unveils first U.S.-flagged Jones Act subsea rock installer Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States, announced on July 23 a major milestone in its offshore energy strategy with the recent launch
Human Rights Watch: Houthi attacks on ships amount to war crimes The Houthi armed group in Yemen attacked two commercial cargo vessels in the Red Sea between July 6 and 9, 2025, violations of the laws of war amounting to war crimes, Human
Everllence cuts emissions and unveils 2024 sustainability progress Everllence has published its 2024 Sustainability Report, showcasing substantial progress in its environmental commitments. Among the report's key achievements is a 63% reduction in CO2 emissions from the company's global production sites compared to 2018 levels. The report centers on Everllence's revised sustainability strategy, structured around three core pillars: "Decarbonization is our Busine
Maersk tops intra-north Europe additions through Gemini's hub and spoke concept Over the past year, Maersk Line has added the most capacity to the intra-North Europe market. The Danish line has increased its market share from just 3.7%, or 9,300 TEU last year, to 13.5% today, to just under 40,000 TEU. Maersk's extra capacity of 30,000 TEU originates from the 'hub and spoke' concept that was implemented earlier this year with its 'Gemini Cooperation' partner Hapag-Lloyd. Alph
Mintra and SQLearn partner Mintra has joined forces with Greek e-learning provider SQLearn to boost its presence in Greece's maritime sector. The partnership allows SQLearn to promote Mintra's digital learning and workforce management solutions in the local market. In return, Mintra will help bring SQLearn's training technologies to a broader global audience. Both companies aim to accelerate the maritime industry's shift t
SriLankan Cargo joins Freightos Freightos has announced a new partnership with SriLankan Cargo, the air freight division of SriLankan Airlines. Through integration with WebCargo, Freightos' air cargo platform, SriLankan Cargo will soon enable digital booking and payments for its services significantly expanding Freightos' presence in South Asia and enhancing digital access to Colombo. Expected to go live later this quarter, the
Freightos Weekly Update: Transpac Ocean Rates Dip Post-Peak The Trump administration's August expiration dates for current tariff levels on many countries are rapidly approaching with little progress in trade negotiations in the last couple weeks and escalating US tensions with Mexico and the European Union. That the US reportedly intends to apply higher tariffs on transhipped goods from many countries - taking aim at the current level of China's contribu
Port of Long Beach appoints new Finance Director The Port of Long Beach has appointed Don Kwok as its new Director of Finance. Kwok has been with the Port since 2016, first as Assistant Finance Director. He also served as Acting Director of Finance from 2017 to 2019. In his new role, Kwok will oversee the Port's financial policies, budgets, capital projects, and debt management. He'll also work to protect the Port's strong AA+ credit rating, on
AD Ports Group ranked best in investor relations For the second year running, AD Ports Group has been recognised with top honours in the prestigious Extel survey of the best-performing listed companies across Emerging Europe, the Middle East, and Africa (EEMEA). The Group claimed first place in the Large Cap Transportation Sector in the Extel EEMEA Executive Team survey. Additionally, it secured second place in the overall 'Most Honored Compani
Kuehne+Nagel expands strategic partnership with Airbus in Spain Kuehne+Nagel has renewed and expanded its longstanding partnership with Airbus, reinforcing its role as a key logistics provider for the aerospace leader's operations across Spain. The renewed agreement covers logistics for Airbus' production and storage facilities nationwide and, for the first time, extends to support helicopter maintenance, repair, and overhaul activities. The comprehensive sco
Lloyd's Register appoints new strategic business partner for Hong Kong Lloyd's Register (LR) has appointed Edward Koo as its new Strategic Business Partner and Senior Responsible Person (Vice President) for Hong Kong. In his role, Koo will lead LR's client engagement with key maritime stakeholders in the region and represent the organization at a senior level in Hong Kong. Koo brings over a decade of maritime experience, including his recent position as Group Chief
COSCO SHIPPING launches new LNG RoRo vessel COSCO SHIPPING's latest addition to the global RoRo fleet, CHENG KANG KOU, has officially been named in Xiamen. The cutting-edge LNG dual-fuel car carrier is now preparing for its maiden voyage, with over 3,600 vehicles on board. The vessel will depart from Shanghai and make port calls in Greece, Turkey, Italy, and Tunisia, supporting the growing demand for clean, reliable vehicle transport acros
SAAM Towage completes historic transcontinental tow SAAM Towage has completed one of the most complex operations in its history: a transcontinental tandem tow of two platform supply vessels (PSVs) from Cartagena, Colombia, to Istanbul, Turkey. Led by the tug Sea Trout, the operation spanned 13,675 nautical miles over 113 days, including a stop in Gulfport, USA, and passage through the Strait of Gibraltar. This milestone marks a significant achiev
Brookfield to sell stake in PD Ports to Pontegadea PD Ports has announced that Pontegadea Inversiones has agreed to acquire a 49% equity stake in the company from Brookfield Asset Management, subject to customary regulatory approvals. Brookfield will retain a majority interest and continue as a long-term shareholder, partnering with Pontegadea to support the sustained growth and development of PD Ports. As a key economic engine in the UK, PD Port
COSCO SHIPPING Panama joins methanol dual-fuel fleet COSCO SHIPPING has officially welcomed the COSCO SHIPPING Panama, the second vessel in its fleet powered by methanol dual-fuel technology. The naming ceremony took place at COSCO SHIPPING Heavy Industry's Pier No. 3 in Yangzhou. This new addition marks another step forward in the company's push for greener shipping solutions. Measuring 366 meters long and 51 meters wide, COSCO SHIPPING Panama can
Do US fees on Chinese ships threaten shipping stability? As tensions between Washington and Beijing continue to ripple through global trade corridors, the latest US proposal to impose sweeping port fees on Chinese-built, owned, or operated vessels is sending shockwaves through the international shipping industry. The move, part of the U.S. Trade Representative's Section 301 investigation into China's dominance in maritime, logistics, and shipbuilding s
SpecTec appoints new Director of Customer Success SpecTec, a maritime technology leader in asset management software, has appointed Tom Davy as its new Director of Customer Success. The move underscores SpecTec's commitment to customer-centric growth and service excellence as it strengthens its leadership team. Tom Davy brings extensive experience in customer support transformation across global supply chain and logistics industries. In his new
TotalEnergies and CMA CGM launch LNG bunkering joint venture First-Ever Shipping-Energy Bunkering Alliance For the first time, a major shipping company and an energy provider are teaming up to co-develop and operate LNG bunkering services. TotalEnergies and CMA CGM have signed an agreement to form a 50/50 joint venture focused on LNG bunkering logistics. The new company will be based in the port of Rotterdam and will serve the broader Amsterdam-Rotterdam-A
Indonesia charts a maritime path to regional trade leadership Indonesia is setting its sights on becoming a dominant force in Southeast Asian trade, and its maritime sector is the vessel steering this ambition. From sweeping regulatory reforms to strategic bilateral trade deals, the world's largest archipelagic nation is leveraging its geographic advantage and industrial capabilities to transform its shipping industry into a pillar of national economic grow
Imports and exports rise at Valenciaport Import and export traffic steady the numbers Valenciaport recorded a solid performance in June, thanks to growing import and export volumes. Full container exports rose by 5.29%, and imports increased by 2.93% compared to June last year. This helped balance out the 5.46% drop in transhipment traffic. Transhipments, containers that stop in Valencia en route to other destinations, surged in 2024, g
KR's LEE Jungkun elected chair of IACS safety panel LEE Jungkun, General Manager of the Convention & Legislation Service Team at Korean Register (KR), has been elected as the next Chair of the IACS Safety Panel. His three-year term will begin on January 1, 2026, and run through December 31, 2028. The announcement was made during the 91st IACS Council Meeting held in Beijing, China. The Safety Panel is one of seven technical bodies within the Inter
Rotterdam port activity declines in H1 2025 Cargo volumes through the Port of Rotterdam fell 4.1% in the first half of 2025, reaching 211.0 million tonnes. The decline was most noticeable in the dry bulk and liquid bulk segments, which dropped by 8.9% and 5.3% respectively. While bulk cargo slowed, container throughput in TEU rose by 2.7%. The Port Authority remains concerned about low investment levels in the wider industrial sector. Desp
Trump announces major trade deal with Japan President Donald Trump announced a major trade agreement with Japan on Tuesday, calling it one of the largest deals in history. According to a report by CNN, the deal was reached after extended talks with Japanese officials and is expected to reshape economic ties between the two countries. Speaking at a reception with Republican lawmakers, Trump said the agreement includes a 15% "reciprocal" tar
Sea-Intelligence: Asia-NAWC, Back to square one In issue 724 Sunday Spotlight, Sea-Intelligence, using the latest vessel deployment data, shows that the capacity surge on the Asia-North America West Coast (NAWC) trade lane has fizzled out, bringing supply back to where it was before the tariff-pause. Following the announcement of the pause in the China-US trade war, there was a surge in container volumes from US importers, moving cargo that ha
Port of Callao unveils stage 3A of north terminal modernization Peru has achieved a significant milestone in its maritime infrastructure with the inauguration of Stage 3A of the North Terminal modernization project at the Port of Callao. Spearheaded by APM Terminals Callao in collaboration with the Peruvian government, this US$95 million phase marks a notable advancement in port operations establishing Callao as South America's fastest grain unloading termina
Japanese Lines support JMETS with new ship plan Japan's top shipping companies are taking steps to support the next generation of seafarers. NYK Line, MOL, and "K" LINE, together with the Japanese Shipowners' Association (JSA), have started discussions to donate a new large training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS). The move aims to strengthen Japan's maritime workforce and support the critica
PortXchange to Maritime Industry: Stop hiding behind data PortXchange has issued a direct call to the global port and shipping community: stop waiting for perfect emissions data and start using what you already have to decarbonize operations. In a sharply worded statement this week, the Rotterdam-based emissions intelligence company addresses the issue that the industry is clinging to data quality debates as a means to delay action on climate goals. "Po
DECATHLON and CMA CGM partner DECATHLON and CMA CGM have announced a strategic partnership to co-name and support France Cyclisme's professional cycling team, beginning at the end of the 2025 season. The initial five-year agreement marks a new chapter for French cycling, uniting two major French, family-owned companies that share a deep commitment to sport, collective progress, and national pride. DECATHLON, rooted in Hauts-d
Maersk introduces peak season surcharge on Far East Asia and Taiwan routes to Oceania Maersk will implement a peak season surcharge for shipments from Far East Asia and Taiwan to various Oceania destinations, with the surcharge becoming effective on different dates depending on the origin. This adjustment aims to address seasonal demand fluctuations and maintain service reliability during peak periods. For shipments originating from China, Japan, South Korea, Hong Kong, Mongolia,
Jinhui continues fleet trim with another supramax sale Chinese dry bulk player Jinhui Shipping and Transportation has agreed to sell another supramax bulker, marking its fourth vessel sale of the year. The Oslo- and Hong Kong-listed company is divesting the 2009-built 65,900 dwt Jin Ji to Hong Kong-incorporated Huwell Tanker Spring for $11m. Jinhui said the deal is expected to close by the ...
Houthi attacks branded war crimes by Human Rights Watch The Houthi armed group in Yemen attacked two bulk carriers in the Red Sea earlier this month, which NGO Human Rights Watch said today are violations of the laws of war amounting to war crimes. The Houthis sunk both ships, killing and injuring several crewmembers, and appear to be unlawfully detaining six rescued crewmembers. The NGO ...
China Merchants Energy Shipping becomes largest shareholder in Antong Holdings China Merchants Energy Shipping (CMES) is poised to become the largest shareholder in Antong Holdings after announcing a strategic acquisition of up to 13.8% of the domestic container shipping firm. The move follows the recent collapse of a previously planned asset deal between the two state-backed players. CMES will invest up to RMB1.8bn ($250 m) ...
Eastern Pacific stacks up orderbook with boxship newbuilds in China Singapore's Eastern Pacific Shipping (EPS) is back in the container newbuild market, signing up for six feeder boxships in China. Sources close to the deal say EPS has inked an order at China Merchants Jinling Shipyard for a series of 1,800 teu vessels. The ships are priced at around $30m each and are slated for ...
Nuclear bodies join forces to advance atomic-powered ship development The World Nuclear Transport Institute (WNTI) and the Nuclear Energy Maritime Organisation (NEMO) have signed a memorandum of understanding (MoU) to jointly shape the future of nuclear-powered shipping and transportable nuclear power plants. The partnership aims to champion the development of international standards that prioritise safety, security, and sustainability in both the transport of nucl
Solstad bags CSV work with SAExploration Norwegian offshore vessel owner Solstad has won a contract for one of its construction support vessels. Solstad Maritime said that it won a contract for the 2002-built Normand Mermaid CSV from Houston-based seismic data specialist SAExploration. The contract, which will commence in July 2025, has a duration of 150 days, firm with the potential to ...
Vantage Drilling still waiting for green light on $80m drillship deal Offshore drilling contractor Vantage Drilling has announced that the conditional letter of award for the 2010-built drillship Platinum Explorer has been extended. The 90-day conditional letter of award from an undisclosed client was awarded on April 23 this year. It has now been extended by a further 30 days and is set to expire on ...
Saskatchewan and Manitoba back northern trade corridor project Saskatchewan and Manitoba have joined forces with Arctic Gateway Group (AGG) to revive and expand the port of Churchill, signing a memorandum of understanding aimed at building a northern trade corridor that could reshape Canadian export logistics. The agreement, unveiled this week by premiers Scott Moe and Wab Kinew alongside AGG CEO Chris Avery, sets ...
Zara founder buys into UK ports The Financial Times is reporting Spanish billionaire Amancio Ortega, founder of the Zara fashion empire, has made his first move into maritime infrastructure, acquiring a 49% stake in UK port operator PD Ports through his investment arm Pontegadea. The deal sees Ortega's family office partner with Brookfield Asset Management, which will retain control of the ...
NATO warns of surging state-linked cyber threats targeting ports Maritime ports are facing a deluge of cyber attacks from state-backed hackers, according to a new policy brief from NATO's Cooperative Cyber Defence Centre of Excellence (CCDCOE). Handling 80% of world trade and underpinning NATO's logistics chain, ports are now magnets for cyber aggression from Russia, Iran, and China, as well as ransomware gangs and ...
CMA CGM and TotalEnergies set up LNG bunker venture at Europe's busiest port French liner giant CMA CGM has teamed up with compatriot energy major TotalEnergies to form an LNG bunkering services joint venture at the Port of Rotterdam. As part of the 50/50 jv, the two companies will co-own and operate a new 20,000 cu m LNG bunker vessel, expected to enter service by the end of ...
Fredriksen seeks buyer for his famous London residence Shipping magnate John Fredriksen is officially cutting ties with the UK, listing his palatial Chelsea estate, The Old Rectory, for a reported $337m. The 81-year-old billionaire-formerly the UK's tenth-richest person-has opted for a new base in the United Arab Emirates, citing frustration over recent British tax reforms. Fredriksen bought his west London house in 2001 ...
Dry bulk shipping stocks follow spot rates upward in July The supply-demand balance in dry bulk may be tighter than previously thought, explaining the surprise bounce in rates across multiple...
Greek salvage tug heads for 'risky' Red Sea Salvage firm Megatugs has spent several weeks upgrading its new acquisition, renamed Giant, for new role in geopolitical hotspot
Over 50 shadow fleet ships are spoofing off Malaysia's sanctioned oil transfer hub monthly Lloyd's List investigation reveals scale of problem as Malaysia's government pledges to tackle illicit ship-to-ship transfers
Shipping will get a multi-fuel future but plenty won't make the cut Practical and safety concerns with different alternative fuels will limit their use for much of the shipping industry, a forum...
International Group cargo liability rules tweaked to rule out 'chancers' arguments' Wording does indeed mean what most people thought it meant, lawyers say
Vale ore production up, but sales down Both Vale and Rio Tinto have reported increases in their iron ore production, with the latter confirming shipments from the...
The FSO Safer Story: How the world failed to contain the Houthi threat Lloyd's List editor-in-chief Richard Meade brings you part two of the FSO Safer story, and asks why the world has...
Secondhand boxships remain in high demand as prices firm Analyst Alphaliner reports a continued flow of secondhand boxship transactions during a period of high buyer optimism
US-Japan tariff deal still 'negative' for trade, say analysts US-Japan trade agreement lowers tariffs on Japanese goods to 15%, but analysts expect little boost for shipping markets or demand...
The human cost of crew shortages that insurers struggle to price Marine insurers are grappling with a seafarer shortage that amplifies risks but defies easy pricing - exposing a human crisis...
CMA CGM enters LNG bunkering operations via Total Energies joint venture New joint venture represents first LNG bunkering collaboration between a container line operator and an energy provider
The Daily View: The taxing problems of the ETS
How CK Hutchison's port sale became a geopolitical chess match Where business and geopolitics collide, predictability is the first casualty
Daily Briefing EU ports sound alarm as ETS pushes traffic toward transhipment rivals | European shipowners make their case for green fuel...
Intra-Asia trade faces fresh turmoil from potential hefty US tariffs: HPH Trust The Asian Development Bank also warned in a note Wednesday that escalating tariffs and further trade friction would further dim intra-Asia growth prospects.
Impending Brazil tariffs increase pressure on US pulp industry In the wake of several paper mill closures globally so far this year, US pulp importers will be dealt another blow on Aug. 1 when a proposed 50% tariff on cargo from Brazil will go into effect.
Broker group warns against increased shipper-3PL rate transparency The head of the Transportation Intermediaries Association says that calls for more access to what shippers pay brokers under the guise of protecting truckers from fraud is a ploy to view what should be confidential business information.
CMA CGM, TotalEnergies ink deal to jointly operate LNG bunkering vessel The JV is accompanied by a long-term agreement that will lock in the supply of LNG to the ocean carrier's fast-growing dual-fuel fleet that will increase to 123 vessels by 2029.
Trump's deal with Tokyo includes Japanese investment in new US shipyards White House says trade deal brings $550bn in Japanese investments in US industries
US copper shortage ahead as bulkers race to beat US tariffs Swire Bulk vessel switches destination to Honolulu to deliver by 1 August deadline
Scorpio ship breaks new carbon capture ground as tanker owner sees 'long' future for fossil fuels Technology start-up Carbon Ridge aims to reduce the size of nascent emissions technology
NYK begins 'continuous' use of bio-LNG on car carriers Japanese owner using Titan Supply in Zeebrugge to take another step towards net zero
Greek owner Adam Polemis mulls suezmax tanker newbuildings in China New Shipping linked to a rare newbuilding deal at Qingdao Beihai
Veteran product tankers being snapped up quickly as prices deter buyers of modern assets Brokers note five clean carriers changing hands this week
Veteran MRs being snapped up quickly as prices deter buyers of more modern tankers Brokers and analysts note five clean carriers changing hands this week
Jinjiang Shipping profits soar on back of intra-Asian container boom Shanghai-listed company expecting a 150% rise in profit in first half
NorthStandard squad successfully defends the Marine Challenge Cup Giant marine insurer's A team wins London's shipping five-a-side football tournament again
Trump's Japan trade pact a rare positive signal for car carrier owners Deal lowers car import duties, a sign Washington is in dealmaking mode
Clarksons hires former Braemar broker and 'container derivatives pioneer' to launch new FFA desk Peter Stallion joins broking giant to run new service in 'volatile' market
CMA CGM pedals success as backer of professional French cycling team French carrier sets its sights on cycling victories in partnership with Decathlon
Jinhui Shipping extends clear-out of supramax bulkers with latest sale Divestment is the second deal in a month that will generate a book loss for the Hong Kong group
Greek owner Adam Polemis mulling suezmax tanker newbuildings in China Several sources already link Polemis company New Shipping to a rare newbuilding deal at Qingdao Beihai
Trump's Japan trade pact a rare positive signal for car carrier owners Pact lowers car import duties, a sign Washington is in dealmaking mode
US-Japan trade pact one of the few positive signal for car carriers Deal with Japan lowers car import duties, a sign Washington is in dealmaking mode
UK threatens to double penalties on price cap offenders Sanctions enforcer wants to cut early deals amid criticism of failure to punish price cap breaches
Himalaya 'takes some chips off the table' by switching bulkers to fixed rates Analysts believe charter conversions make rate forecasts appear conservative
MSC adds 20 ultra-large container ship newbuildings to its huge tally All vessels being built in China for a total $17bn across five yards
Major shipowners and traders spring ground-breaking plan to 'revolutionise' bunker quality Big guns team up for voluntary initiative to police fuel standards in key European hub
Finnish owner Eckero takes over ro-ro rival facing operational 'challenges' Rederi AB Fjardvagen says it had become too difficult to run veteran vessel independently
Okeanis Eco Tankers 'punching above its weight' with dividend and performance Veteran analyst opens coverage of Alafouzos family-backed tanker owner ahead of anticipated rate rally
Chinese tanker swerves Indian refinery as European sanctions bite Nanjing Tanker MR pulls out of loading fuel at blacklisted Vadinar plant
CMA CGM and TotalEnergies forge shipowning and LNG bunkering alliance Giant French line to work with compatriot energy company to speed up decarbonisation in shipping with a new vessel
Evangelos Marinakis' Capital Clean wins fresh investment from Greek property magnate Second-biggest shareholder injects an additional $14.9m in US-listed gas ship company
John Fredriksen's Seatankers exiting Golden Ocean fleet with bulker sales Seatankers bulker fleet managed by Golden Ocean has taken a big cut since CMB.Tech merger was announced
DH Shipbuilding to list in South Korea with IPO price set Shipbuilder aiming to raise up to $3.6bn
Greek islanders roll up the welcome mat as they give Israeli cruise ship the heave-ho Hundreds of protesters greeted Mano Maritime's Crown Iris with a blockade as it arrived in Syros on Tuesday
Trump reduces Japan tariff to 15% from 25%, sending container lines' stock surging US president says a trade agreement has finally been reached with Japan
ICBC secures first offshore vessel sale at auction as bidders push up price Chinese leasing giant sees strong interest for large former Bourbon PSV
Boeing raises outlook for widebody freighters as 777-8 production begins Boeing and Airbus are moving into the production phase for their next-generation freighter aircraft, which they hope to release to customers later this decade.
Historic order for U.S.-built LNG carrier could test new rules Hanwha Shipping of South Korea has placed an order for a new LNG carrier with Hanwha Philly Shipyard, the first such U.S.-built vessel in almost 50 years.
Trans-Pacific shippers' turn to pause as box rates end slide Shippers are stepping back from the trans-Pacific trade amid trade uncertainty and tariff fatigue.
Northern Air Cargo abandons big freighter aircraft, cuts staff Struggling Northern Air Cargo is exiting markets in the Caribbean and a Los Angeles-Honolulu lane to save money and focus on flying smaller aircraft in Alaska and Hawaii.
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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