How Tema port captured the Red Sea crisis While Suez Canal traffic collapsed by 66%, Ghana's Tema Port surged to West African dominance with 44% connectivity growth revealing how shipping lines are treating geopolitical disruptions as permanent features rather than temporary crises, fundamentally reshaping transshipment economics along the Cape route
LR and ISWAN partner to advance crew wellbeing Lloyd's Register (LR) and the International Seafarers' Welfare and Assistance Network (ISWAN) have launched a new Joint Development Project (JDP) to address safety and wellbeing challenges in the superyacht sector. The two organisations formalised the partnership at Metstrade in Amsterdam. The project will examine how crew wellbeing affects safety-related behaviour on board. Its goal is to promot
Peel Ports Group appoints new Chief Commercial Officer Peel Ports Group, the UK's second-largest port operator, has appointed Jonathan Rayner as Chief Commercial Officer. The move strengthens the Executive team and supports the company's growth strategy. Jonathan joins from London Luton Airport, where he served as Chief Commercial Officer since 2020. He previously held senior commercial and operational roles across major UK airports and infrastructur
Norwegian Car Carriers takes delivery of new dual-fuel LNG vessel Norwegian Car Carriers AS (NOCC) has taken delivery of its newest vessel, NOCC Pacific, during a handover ceremony in Yantai, China. The modern car carrier, built with dual-fuel LNG capability, features a capacity of 7,000 CEU, significantly expanding NOCC's ability to serve global automotive trade routes. The vessel carries forward a legacy name within the company. It succeeds the 1970-built Dyv
Stena Line holds naming ceremony for new hybrid vessel Stena Line has officially named its newest vessel, Stena Futura, during a ceremony at Belfast Harbour attended by more than 200 guests, marking a major milestone in the company's 30-year partnership with the city and its shift toward greener shipping. The 147-metre hybrid freight ferry is the first of two next-generation "NewMax" vessels designed specifically for the busy Belfast-Heysham route. B
BIO-UV Group strengthens leadership team with key senior appointments France-based BIO-UV Group has announced three strategic senior appointments as the company moves to accelerate its growth and strengthen its operational capabilities across international markets. Jean-Philippe Picard de Muller has been named Deputy General Manager, succeeding Simon Marshall. Since joining the company in 2024, he has overseen the Group's after-sales and services division, now its
AD Ports Group acquires stake in Alexandria Container & Cargo Handling Company AD Ports Group has acquired a 19.328% equity stake in Alexandria Container & Cargo Handling Company (ALCN) from the Saudi Egyptian Investment Company (SEIC), a Public Investment Fund (PIF) entity, in a transaction valued at approximately EGP 13.2 billion. The deal marks a major step in AD Ports Group's expansion strategy in Egypt and reinforces its position as a leading facilitator of trade acros
How Piraeus port became battleground for US-China rivalry Athens navigates treacherous waters as Washington pressures it to counter Chinese influence at Piraeus while positioning Elefsis shipyard as a strategic alternative exposing how maritime infrastructure has transformed into frontline assets in great power competition
Greece's merchant fleet grows slightly in September Hellenic Statistical Authority (ELSTAT) has released the latest figures on the country's merchant fleet of vessels 100 GT and above for September 2025. According to the data, the number of Greek merchant vessels increased by 0.4% compared with September 2024, the same rate of annual growth recorded a year earlier. However, despite the slight rise in vessel numbers, the total tonnage of the fleet
ABS issues AIP for Encomara's Squid™ system ABS has granted Approval in Principle (AIP) to Encomara for its Squid system, an innovative solution that adapts proven disconnectable mooring technology for floating offshore wind projects. The Squid system evolves the long-established Disconnectable Turret Buoy (DTB) concept used in floating production. By relying on familiar offshore technology and installation methods, the system aims to impr
Port of Aarhus expects record cruise calls in 2026 The Port of Aarhus expects a record 73 cruise ships in 2026. These calls could bring up to 257,000 guests and crew to the city. For the first time, Aarhus will receive cruise visitors in all 12 months of the year. The current cruise season has not yet ended, but the outlook for 2026 already surpasses this year's record. Next year's 73 scheduled calls exceed the 61 cruise ships arriving in 2025. M
AD Ports Group and Masdar partner to advance offshore wind projects AD Ports Group and Masdar, a global clean energy leader, have signed a partnership agreement to develop offshore wind projects. The collaboration aims to accelerate sustainable, technologically advanced solutions. Under the agreement, AD Ports Group will act as a key partner and contractor for Masdar's global offshore wind initiatives. The companies will jointly define technical requirements and
Grimaldi enhances Far East-West Africa service Less than a year after its launch, Grimaldi's Far East-West Africa service has already become one of the group's key trade corridors, prompting new investments to further strengthen its speed, capacity and efficiency. The service, dedicated to the transport of containers, rolling cargo and project cargo, links China with South Africa and Nigeria. Grimaldi now deploys four latest-generation con-ro
Maersk updates Peak Season Surcharge from Indian Subcontinent Maersk has announced a revision to its Peak Season Surcharge (PSS) for cargo moving from the Indian Subcontinent and Middle East to the U.S. East Coast, U.S. Gulf Coast and Canada East Coast. The updated surcharge applies to shipments originating from the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman, Pakistan, Qatar, Saudi Arabia
DHL opens climate-neutral logistics center in Halle DHL Supply Chain has opened a new climate-neutral logistics center in Halle (Saale), Germany, expanding its Leipzig-Halle Campus and strengthening the region's role as a major European freight hub. The state-of-the-art facility provides 34,000 square meters of warehouse space, up to 55,000 pallet positions, three 10,500-square-meter halls, and 27 loading docks. Built to DGNB Gold sustainability s
Container ship fire at Port of Los Angeles prompts multi-agency response On November 21, 2025, several agencies responded to a fire aboard the docked container ship ONE HENRY HUDSON at 701 East New Dock Street in San Pedro. Over the extended course of this fire, Unified Command was established between Los Angeles City Fire Department, United States Coast Guard, Los Angeles Port Police, and representatives of ONE HENRY HUDSON. As the agency primarily responsible for fi
ONE launches IG4 service Ocean Network Express (ONE) has introduced a new IG4 (India-Gulf Service 4) loop designed to strengthen connectivity between West India and key Middle East hubs. The service responds to rising trade demand on the corridor and aims to provide customers with improved network coverage and reliable, consistent transit options. The IG4 route will operate Hamad - Dammam - Abu Dhabi - Mundra - Nhava She
Ex-Evergreen chief engineer gets jail for hitting deputy A Taiwanese court today sentenced a former chief engineer of Evergreen Marine Corporation to three months jail for assaulting the second engineer while working in the ship Ever Beamy in March 2024. The Taiwanese chief engineer, surnamed Chen, thought the victim had a bad attitude and punched the latter, causing a concussion
AD Ports Group continues the Gulf Port Diplomacy trend AD Ports Group's US$278 million Egyptian acquisition signals the UAE is locking in structural gains from the Red Sea crisis while Saudi rivals scramble to reorient
Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its position since first disclosing a 7.7% stake ...
Macquarie tables $7.5bn bid for logistics giant Qube Australia's Macquarie Asset Management has submitted a non-binding proposal to acquire compatriot logistics major Qube at an enterprise value of AUD11.6bn ($7.5bn). Qube and Macquarie entered into a process and exclusivity deed in relation to the proposed acquisition. The price of AUD5.20 ($3.36) in cash per share implies a 27.8% premium to the last closing ...
Seafarers push to shape the ships they sail From ergonomics on the bridge to social spaces below deck, seafarers are urging shipowners and yards to listen to their lived experience - and rethink what makes a well-designed vessel. The final chapter in our bumper Seafarers magazine. It remains one of the most common rants among the world's seafarers - why aren't they more ...
Atlas Maritime revealed as seller in $194m Okeanis suezmax deal Greek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star. The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed to ...
AET orders pair of suezmaxes MISC's tanker subsidiary AET has contracted for two LNG dual-fuel suezmax vessels at an unspecified yard. With this order, MISC, Malaysia's largest shipping firm, will have dual-fuel capability in all the tanker sectors it operates in - aframaxes, shuttle tankers, suezmaxes and VLCCs. "This milestone reinforces MISC Group's commitment to advancing the energy transition and ...
HMM contracts HD Hyundai for eight 13,400 teu ships South Korea's HMM has gone local for its latest newbuilds, contracting HD Hyundai for eight 13,400 teu LNG dual-fuel containerships, in a deal worth $1.46bn. Two vessels will be built by HD Hyundai Heavy Industries (HHI) and six by HD Hyundai Samho, with deliveries scheduled consecutively through the first half of 2029. HMM became the ...
Tanker market is cyclically high. Time to buy pricey new tankers? Ideally, you'd want to buy assets cheaply at the bottom of the cycle. In practice, owners buy many new ships...
Has the green transition been blown off course? Lloyd's List editor-in-chief Richard Meade asks what the COP30 failure and IMO deadlock mean for shipping's global governance regime, plus...
Diana Shipping announces cash bid to take over Genco The US-listed dry bulk space has seen two big M&A deals in the past two years: Star Bulk's merger with...
Global ship recycling market remains in the doldrums as sales candidates dwindle Pakistan is preparing to certify its first Hong Kong Convention-compliant yard while Bangladesh is set to have 20 compliant ship...
EU ship emissions hit record high in 2024 EU shipping emissions rose 13% last year despite a slowdown in global trade, according to Transport & Environment's analysis of...
The Week in Charts: US sanctions spotlight Iranian LPG transhipment in Sri Lanka | Could shipping shares offer safe haven? | NorthStandard unveils 'responsible' rate hike Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The week in newbuildings: Greek shipowners lead activity across boxship, dry cargo and tanker sectors Orders in the past week included 10 feeder containerships, with eight of them being attributed to Greek shipowners
UK naval vessel intercepts Russian tanker and corvette Defence Secretary John Healey said on Wednesday last week that a Russian spy ship was operating in waters north of...
Yards under Shandong Port Group secure orders for 10 battery-powered bulkers Revived Anhui yard to build six of the 10 vessels
Fire contained on ONE vessel at Los Angeles Fire was finally contained in the afternoon of November 22 following efforts by nearly 200 firefighters
NYK holds back from Red Sea as president Soga warns security 'far from ideal' NYK is keeping its fleet out of the Red Sea, judging that fragile geopolitics and navigational safety still outweigh the...
The Daily View: A pivotal point for sanctions strategy
Daily Briefing Elaborate tanker identity theft scam used to hide Houthi trade | Fresh US sanctions hit Greek shipowner and gas carriers...
Canada looks for new container gateways for decoupling from US The Carney government outlined preliminary goals for a new logistics infrastructure fund that would help increase Canada's trade outside of the US.
ONE expands India-USEC 'WIN' loop with Jebel Ali call amid demand woes Freight forwarder sources believe ONE will attempt to tap US exports into the Middle East through Jebel Ali calls amid the ongoing slump in westbound volumes out of India.
Normal operations resume at Port of Los Angeles following vessel electrical fire All ship-to-shore cranes at Yusen Terminals were inspected and cargo handling resumed on the first shift Monday, according to Yusen's CEO.
UP reaches agreement with IBB union to support NS merger The job protection deal with the International Brotherhood of Boilermakers is significant because previous rail mergers have led to overlapping operations and the consolidation of terminals, resulting in workforce reductions.
Tanker operators keep pressure on for global net-zero programme Voice of independent operators, Intertanko, says members will use delay in global talks to assess best technologies for cutting emissions
DNB and Nordea lead $1.1bn takeover warchest in Diana's pursuit of Genco Facility would cover purchase cost of remaining Genco shares plus refinance New York owner's existing debt
Tanker asset values starting to mirror rate surge as yards fill, Frontline CEO says Lars Barstad explains why resales now make sense in strong crude carrier markets
Greek owner Element breaks into bulkers with handysize buy Acquisition marks boxship owner's first foray into dry cargo
Sanctioned tanker seized in commando operation to be sold Detained VLCC and its cargo of crude oil will be auctioned in December
Diana Shipping bids $750m to buy out Genco Shipping & Trading at 15% premium Offer of $20.60 per share tops Friday's closing price and 'in line with 10-year high price'
Can the tanker market absorb a feared oil glut? With more and more crude on the water, some analysts caution that the back half of 2026 could be a difficult one for owners
Diana Shipping bids to buy out Genco Shipping & Trading at 15% premium Offer of $20.60 per share tops Friday's closing price and 'in line with 10-year high price'
Ship sales and offshore business boost MISC profit Net profit in the third quarter soared 59.9%
Sanctioned tanker reaches Venezuela after dodging US destroyer The Seahorse turned back twice in the Caribbean en route from Cuba
Charterers scrambling for VLCCs with rates racing beyond $140,000 per day Ship supply remains tight following a strong end to last week
Egypt lays out plans for Suez Canal LNG bunkering station Port Said to get new liquefaction plant and terminal
Market strength rubs off on product tankers as over half of LR2s moving crude Lower effective supply helping largest product tankers, Clarksons says
MSC keeps filling Greek owners' pockets with Tsakos latest to cash in Giant Swiss group's thirst for tonnage extends to a vintage, 24-year-old vessel
Zim raid for five ships leaves panamax container market buzzing Lines swoop on midsize tonnage as next year's supply dries up
Sanctioned tankers sitting idle with keys in ignition, Frontline boss says Lars Barstad discusses the likely fate of ships caught up in the first wave of US sanctions
Jinhui Shipping bulker sales hit double digits for 2025 with latest deal Reported price exceeds broker estimates but falls below book value
Flow of women into top insurance jobs at Lloyd's marketplace is shrinking Lloyd's of London and underwriters' group hold summit to promote role of women in the industry
LNG carrier rates barrel on upwards as market watches for first sign of weakness Charterers' delaying tactics set to fail as enquiry mounts for year-end
HMM splashes $1.4bn on container ship newbuildings at HD Hyundai yard Almost 60% of newbuilding contracts HD Hyundai has inked this year are for container ships
MPC Capital investment volume tops $1bn this year with profit on the up German asset manager says new construction projects included boxships backed by long-term charters
Mercuria targets growth in Asia as banks provide over $2.3bn in funding Swiss trader and shipowner says it has added $600m in liquidity through new refinancing
Trafigura lifts VLCC newbuildings tally to 10 with latest strike The latest two large crude oil tankers to be built at Jiangsu Hantong are set for 2029 and 2030 delivery
Maran Tankers breaks four-year VLCC order drought with Hanwha deal Greek shipping company paid $129m each for the 320,000-dwt oil tankers
Russian LNG shadow ship moves sanctioned cargo into Western FSU Dark fleet LNG carriers shift into winter mode as Northern Sea Route ice limits eastbound shipping
MPC Capital spending tops $1bn this year with profit on the up German asset manager says new construction projects included boxships backed by long-term charters
VLCC players have a 'spring in their step' as they bank 'extraordinary freight rates', Frontline chief says Lars Barstad hails 'old-school' market with similar characteristics to before the financial crash
Cocaine and cattle: Chief officer arrested after drugs raid on livestock carrier Croatian national held after a half-tonne packet of cocaine found in the sea
New pirates on the prowl? Crude tanker reports suspicious approach in Indian Ocean Incident comes as EU navy investigates reported seizure of Yemeni dhow that could be used as pirate mothership
Clarksons doubts further rate upside for Frontline as it downgrades stock Clarksons cuts rating to neutral, while DNB Carnegie keeps buy rating
Extraordinarily high pool claims behind premium rise, says American Club US-based group says the largest claims remain a concern after an expensive year
UK patrol ship intercepts convoy of Russian product tanker and naval corvette The Yelnya and an accompanying naval vessel had been tracked through the English channel
KKR private equity ownership is a 'strong advantage', says Ocean Yield boss Injection of $30m demonstrates ability to raise capital independent of share pricing, CEO adds
Three suppliers awarded Singapore's coveted methanol bunkering licences Licensees will be able start supplying methanol bunkers from 1 January next year
Fire still burning on ONE container ship near Port of Los Angeles Fire suppression operations are still ongoing while salvage teams begin their work
Greek owner Marios Iliopoulos sells largest cruise ship to Chinese company Goddess of the Night sale leaves Greek ferry mogul's cruise plans in limbo
Iran oil trade to China booming despite sanctions Pressure group identifies 23 more tankers linked to transfers of Iranian crude
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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