Pilot left helm: Towboat damage totaled $2M When the pilot left the helm of a towboat unattended for 5 minutes, the consequences were costly, according to a just-releases National Transportation Safety Board report The incident involved the 138-foot long,
Shipping surge or strategic stall? Industry braces for July 9 tariff truce deadline As the clock ticks down toward July 9, the expiration date of the current US-China tariff truce, the global shipping industry is caught in a balancing act between cautious optimism and strategic restraint. The temporary pause in trade tensions, initiated by President Donald Trump on May 12, has triggered a mixed response among US importers and global exporters, with significant implications for c
Brazil approves MSC's Acquisition of Wilson Sons, paving the way for $1.35 billion deal Brazilian regulators have given the green light to MSC's planned acquisition of Wilson Sons, clearing the final regulatory hurdle and setting the stage for the deal's completion. In October 2024, MSC announced its intention to acquire a 56% stake in Wilson Sons from Ocean Wilson Holdings, a move long rumored in the industry since at least 2023. Although other bidders expressed interest, MSC ultim
Port of Los Angeles expands investment in zero-emissions trucking through 2028 The Port of Los Angeles has announced a continued commitment to advancing clean transportation, with a three-year plan to accelerate the transition of its drayage fleet to zero-emissions trucks by 2035. The Los Angeles Board of Harbor Commissioners has unanimously approved a funding strategy that will guide the use of Clean Truck Fund revenues through June 2028. The Clean Truck Program is a corne
Saga Shipholding transfers entire fleet to the Bahamas ship registry The Bahamas Maritime Authority announced that Saga Shipholding, in partnership with NYK and under the management of global leader Anglo-Eastern, has committed to transferring its entire fleet of 30 general cargo vessels to the Bahamas Ship Registry. In addition, two Saga vessels managed by NYK Singapore have also opted for the Bahamas flag, bringing the total to 32 vessels now in the process of j
Rhenus Group opens logistics hub in Venlo The Rhenus Group proudly announces the official opening of its cutting-edge logistics hub in Venlo. This newly launched facility significantly enhances Rhenus Road's European logistics network, setting a new industry standard for modern infrastructure. Strategically located as a vital "Gateway to Europe," the 71,980 m² hub integrates core logistics functions including warehousing, cross-docking,
Grimaldi Group expands weekly services at Ambarli port The Grimaldi Group has expanded its service offerings at Ambarli Port, increasing weekly sailings from two to three. This strategic enhancement, effective from week 22, is a direct response to rising transportation demand along the Türkiye-Italy trade corridor and aligns with the Group's broader strategy to deepen its footprint in the Turkish market. Under the new schedule, Grimaldi will now oper
Georgia Ports Authority launches new GPA trucker app to enhance driver experience The Georgia Ports Authority has officially launched the GPA Trucker mobile app, designed to streamline and improve the trucking experience at Port of Savannah terminals. Handling between 14,000 and 16,000 gate moves daily from 4 a.m. to 6 p.m., Monday through Friday, the Port of Savannah continues to prioritize efficiency. Truck turn times average 35 minutes for a single move and 53 minutes for d
Port Houston secures $131 Million for ship channel construction and maintenance The Port Commission of the Port of Houston Authority held its regular monthly meeting. During this, the US Army Corps of Engineers released its FY2025 work plan, allocating $33 million toward the Houston Ship Channel Expansion (Project 11) construction, and an additional $98 million for ongoing operations and maintenance to ensure continued dredging of the channel. Also, it was announced that the
CMA CGM launches new service, the Scandinavia West Coast Express CMA CGM introduce a new service, through Short Sea Lines Division, the Scandinavia West Coast Express (SWX), set to commence operations on July 16th, 2025. This route is designed to provide a connection between Scandinavia and the Lower Baltics. Key highlights of the service include, direct links from Aarhus and Gothenburg to Poland and Lithuania, a greener alternative to traditional road transpo
Swire Shipping announces general rate increase from Australia to Papua New Guinea and Solomon Islands Swire Shipping would like to inform customers that, due to sustained increases in operating expenses and charter rates, a General Rate Increase will be implemented across the following trade sectors. This adjustment will take effect on 23 June 2025 and will apply to all cargo loaded on the Highland Chief, Voyage 2515N. The increase will be included in the ocean freight charges and is applicable t
Bangladesh's shipping sector shows promising growth Recent developments in Bangladesh shipping sector reveal a strategic focus on modernization, international cooperation, and sustainability aligning the nation's ambitions with global trends. The state-run Bangladesh Shipping Corporation has reported a strong financial performance for the third quarter of the fiscal year 2024-25. CN100 Promo Code
BHP, Cargill and Rio Tinto seek new investors into RightShip BHP, Cargill and Rio Tinto, the founders of shipping vetting organisation RightShip, have employed Rothschild & Co to seek new investors. In a release, RightShip said its primary goal is to partner with an investor who brings not only capital but also significant expertise in data and technology and transformational growth. The three giant shippers ...
Bulker owner United Maritime bolsters offshore sector exposure Nasdaq-listed Greek bulker owner United Maritime has increased its investment in a newbuild energy construction vessel (ECV) as it looks to diversify its earnings and risk exposure. The Stamatis Tsantanis-led spinoff of Seanergy Maritime said in its quarterly earnings report that it had injected additional capital into a Norwegian-based joint venture set up to design ...
Eastern Pacific signs up for Korean autonomous navigation tech Singapore-based Eastern Pacific Shipping (EPS) has lined up two of its managed vessels for the installation of artificial intelligence-based autonomous navigation technology developed by Hyundai Heavy Industries's subsidiary Avikus. The project will see Avikus' Hyundai intelligent Navigation Assistant System (HiNAS) Control, HiNAS Cloud and analytics platform for shore-side fleet monitoring deplo
Oil platform off Vietnam catches fire during decommissioning The Song Doc platform off the coast of southwest Vietnam caught fire during decommissioning operations on Wednesday afternoon. The incident on the Petrovietnam-operated platform happened while a subcontractor was cleaning and dismantling the platform. According to reports, the fire was brought under control within 30 minutes and did not impact the surrounding environment or other ...
Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai One of China's top shipyards, Hudong-Zhonghua Shipbuilding, has commissioned a giant new facility to boost its production of LNG carriers. The new $2.5bn, 432 ha yard on Changxing Island north of Shanghai will boost the state-run company's annual LNG carrier output from six to 10 vessels once fully operational. Hudong-Zhonghua is a flagship site of ...
Estonia launches green retrofit scheme Estonia has launched a €25m ($28.3m) government grant designed to encourage the reconstruction and greening of passenger and cargo ships, tugboats and other port and auxiliary vessels in Estonian ports. This makes Estonia one of the few countries in Europe offering direct financial support in the form of state aid for ship retrofitting. The new ...
Velesto bags $90m jackup deal in Indonesia Offshore drilling unit of Malaysia's Velesto Energy has won a contract for one of its jackup rigs to work offshore Indonesia. Velesto won a contract from PC Ketapang II, PC North Madura II, and Petronas for its Naga 8 jackup. The contract, which is set to begin in July 2025, has a firm period of ...
Shanghai port pollution in the spotlight A new study by Scope3 emissions tracking specialist VesselBot reveals that greenhouse gas (GHG) emissions at major global ports continue to rise despite technological advancements and sustainability investments. The report shows Shanghai port recorded the highest emissions (see chart below) at 140,000 tons, surpassing Singapore despite handling fewer vessels, highlighting that vessel numbers don'
Ship Concept 2035 This magazine identifies how ships will operate and look like in 2035, seeking the views of owners, operators, charterers, managers, specialist service providers, and seafarers. Splash polled our readership on a huge range of topics to gauge opinion on how dramatically different ships coming out of shipyards in 10 years' time will look like. To ...
Japan-US Shipbuilding Revitalization Fund under discussion The Japanese government will issue a major new shipbuilding directive next month, aimed to revive an industry it used to lead the world in, as well as using the nation's yards as a bargaining chip in trade talks with the Donald Trump administration in the US. Using the 2022-promulgated Economic Security Promotion Act, Tokyo will ...
MOL orders VLCC in Dalian Mitsui OSK Lines (MOL) is contracting Dalian COSCO KHI Ship Engineering (DACKS) to build an LNG dual-fuelled VLCC which will then go on long-term charter to Idemitsu Tanker. The newbuild, due for delivery in 2027, will be the first dual-fuel VLCC to be chartered to a Japanese oil company. No price has been revealed for ...
Seafarer abandonment rising problem in small registries A lack of resources has been cited as a reason for flag states not standing up to their responsibilities, but...
Ukraine's ongoing agony could alter the face of shipping forever Three years after the Russian invasion, many of the subsequent changes to our industry look set to become permanent
Egypt insists Red Sea security dynamics have shifted and Suez return is possible Egypt's foreign minister tells Lloyd's List that Red Sea security dynamics have materially changed and shipping can now navigate with...
Restoring Red Sea Security; a Welcomed Development in a Troubled Region The recent ceasefire agreement in Yemen with the United States, reached under the auspices of Oman, constitutes a constructive development...
United Maritime underlines aim to diversify with additional offshore investment Greece-based bulker owner lifts stake in energy construction vessel to 30%
Sovcomflot suffers while Frontline comforted by 'business as usual' approach Frontline said it expected sanctions pressure from the UK, EU and US to continue and push the tanker sector into...
More than 20% of US voyages made by Greek fleet exposed to port fees Although the US Trade Representative proposal has been watered down, it still has significant implications for US-calling vessels
LNG bunkering vessel orderbook expands as latest order confirmed HD KSOE has confirmed the signing of shipbuilding contracts for two 18,000 cu m ships from European owner
Transpacific spot rates still rising but pace of gains has slowed Spot rates in the transpacific trades were up again this week as shippers took advantage of the tariff reprieve. But...
Hecla Emissions Management seals first FuelEU token trade Hecla Emissions Management, which invented a tradeable FuelEU Maritime compliance token, says it has signed the first trade. Companies that...
Steamship Mutual feels squeeze from major casualties 'Financial position remains exceptionally strong,' SSM insists
Arkas advances fleet replacement programme as it orders 3,100 teu quartet New tonnage is part of fleet emissions-reduction plans that will see phasing out of older tonnage
Japan shipbuilding eyes US port fee windfall, but capacity limits curb gains As US port fees disrupt Chinese shipyards, Japan could see a strategic opening to revive its shipbuilding industry, but capacity...
Bayesian recovery highlights Italian legal requirements for major salvage efforts BonelliErede lawyers set out procedural constraints as efforts begin to raise tech tycoon's doomed superyacht
The Daily View: Reasons to be cheerful
Daily Briefing US port fees don't hit until October but shipping response already underway | Red Sea risk not materially changed amid...
California rips US Senate move targeting state's emissions rules Gov. Gavin Newsom says a Senate vote that appears to be the first step in killing California's stringent emissions standards is "illegal" and will be challenged in court.
DCLI-Blackberry deal will improve visibility for domestic chassis pools The GPS technology will provide real-time visibility into chassis location, mileage and high-impact events on the road that could require repairs.
General air cargo in decline as China-US e-commerce boom slows Demand for goods traditionally shipped by air has been weakened by global economic issues, high inflation in destination markets and geopolitical issues that have impacted trade flows.
Cargolux inks three-year green fuel deal to handle Microsoft cargo The Luxembourg-based carrier is the latest airline to sign a supply agreement for sustainable aviation fuel, but it comes as the industry makes slow progress towards decarbonization.
Harry Vafias' Imperial Petroleum profits sink as lower tanker rates pull down revenue Softness at start of the quarter followed by better rates in March
Zim raid on neo-panamax container ships aimed at heading off future headwinds New York-listed carrier rebuffs critics' claims over 11,500-teu ships taken on 12-year charter
New cruise line's ship halted in Spain a month after debut SunStone cruise ship detained at port of Malaga on request of agent
Venture capital generalists start to renew appetite for shipping tech investments Decarbonisation tech needs fit-for-purpose capital, S2G leader says
Gasum and Wilhelmsen team up on first FuelEU compliance trade via Hecla platform Companies conclude pioneering transaction using third party to create compliance surplus tokens
Trade war rerouting lifts VLGC market as Dorian LPG eyes 'healthy' 2025 CEO John Hadjipateras thinks market recovery may prove sustainable
Costamare Bulkers extends charters of two 2020 Bulkers newcastlemaxes Greek operator has had the pair on charter for two years
Frontline's Lars Barstad stays away from term deals: 'This market will pay us back' Tanker giant's chief executive not willing to throw away the upside by taking charter cover
Wavelength: Turning the sanctions screw ... and who's who in the biggest shipping pay packet list
Trade war re-routing lifts VLGC market as Dorian LPG eyes 'healthy' 2025 CEO John Hadjipateras thinks ongoing market recovery may prove sustainable
Trump threatens 50% tariffs on EU, targeting America's biggest trade partner President had given Brussels until 8 July to make a deal, but now wants to hike duties from June
Vintage VLCCs find work in mainstream markets, as the breaker's yard - or dark fleet - await Vortexa finds 114 VLCCs over 18 years are still trading, with owners willing to take lower rates
Vega Reederei eyes mini-container ships to complement growing mini-bulker fleet Charters for eight vessels already lined up with Echoship and HAV Shipping
South Korean owners send four LNG steamships for scrap in one week Latest additions bring annual tally to seven vessels in five months as march to breakers gathers pace
Flurry in claims like London buses, says Steamship boss as risk market hits peak volatility Jonathan Andrews says claims influx represented a peak in volatile insurance cycle
Sanctioned tanker fleet hit puts Russia's Sovcomflot $393m in the red Shipowner says operations stable despite 'unprecedented' blacklistings
Greek property investor Ioannis Papalekas builds stake in Evangelos Marinakis' Capital Clean Energy Magnate's stake in gas vehicle now worth $357m after adding $4m
VLGC spot rates have surged too high, too quickly, brokers warn Fearnleys argues price gaps between US and Asia do not support elevated levels
Cosco Shipping Energy orders chemical tanker and makes future fuels play Giant Chinese state owner adds to orderbook with deal at Wuchang Shipbuilding
Spanish owner Ibaizabal snares LNG bunker vessel newbuilding duo for Shell worth almost $200m Pricey pair and string of options inked that could stack up at 10 ships in total
Shanghai Jinghan inks chemical tanker pair in China Zhoushan Dashenzhou Shipbuilding bags deal for 7,300-dwt ships
Cargill-backed RightShip hunts for new investor to boost growth and build AI edge Ship vetting group wants partner with cash, but also with relevant expertise
Dorian LPG gears up for ammonia trading future with ship conversions VLGC owner reveals it is upgrading part of its fleet to carry the new fuel
'Bearish market' prompts Western Bulk to skip dividend for first quarter 'Market conditions remain subdued, with volatility at notably low levels'
Singapore shipbroker Vantage plans New York listing as it targets global expansion US security filings show outfit is aiming to raise nearly $16.3m in IPO
Clarksons predicts two-tier equity market as IMO fuel rules 'validate' CMB.Tech's ammonia play Analysts say companies without a decarbonisation strategy face tough times in future
Insurer Steamship hit by unusually high losses and record pool claims Annual results reflect tough year for protection and indemnity clubs from costly casualties
Letter to the editor: Banning scrubbers is short-sighted and counterproductive Researcher, shipowner and supplier make the case for exhaust gas cleaning systems
Ningbo Ocean stacks bulging Huangpu Wenchong orderbook with four-ship deal State-owned shipyard is scheduled to deliver 2,700-teu newbuildings from the first half of 2028
MOL newbuilding 'first dual-fuel VLCC' fixed by Japanese oil company Idemitsu Tanker takes vessel on long-term charter
Frontline fixes huge new $1.3bn loan to refinance Euronav VLCC fleet deal John Fredriksen tanker company cuts the cost of paying for 24 ships
Laden LNG carrier towed free after grounding off Germany Captain of 19-year-old steamship being questioned over incident
Frontline says sanctions enforcement pushing tanker rates up after profit plunges John Fredriksen tanker giant notes improving activity levels so far in second quarter
IOPC and lawyers at odds over preparations for potential 'Torrey Canyon of ammonia' disaster A catastrophic green fuels incident at sea could happen before international regulators devise a way to handle the clean-up. But not all agree that it is a crisis
Drewry: China-US container rates up by double digits Ocean container rates are surging after the tariff ceasefire stoked demand from China to the United States.
Canada Post avoids crippling strike but not damage to parcel business Canada Post workers backed away from going on strike, opting instead for a ban on overtime work. But the threat of a strike has already allowed competitors to take parcel business from the national post.
Mercado Libre, Amazon of South America, announces leadership transition The CEO of Mercado Libre, the dominant e-commerce player in Latin America, has decided to turn control to one of his lieutenants and move to the board room.
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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