MSC implements peak season surcharge on West Mediterranean & Adriatic to North America MSC Mediterranean Shipping Company will introduce a Peak Season Surcharge in response to strong and sustained demand on the trade from the West Mediterranean and Adriatic to Canada, the USA, Mexico, Puerto Rico, and the Bahamas. Effective 23 June 2025 and until further notice, the following surcharge will apply to all container types with a US$ 500 fee per 20' container and a US$ 700 fee per 40'
PIL launches new weekly service connecting China, Singapore, and Indonesia Pacific International Lines is to announcing the launch of the North China Indonesia Service a new weekly direct service offering fast and reliable transit times between key ports in China, Singapore, and Indonesia. The service will be operated by a vessel consortium on a 35-day rotation, with the inaugural sailing scheduled for 17 June 2025. The rotation will include: Tianjin - Qingdao - Xiamen
We Asked AI: When Shipping Containers Become Hotels We asked AI what hospitality might look like if cargo ships became destinations. The result? Floating hotels made from stacked containers - blending industrial design with futuristic comfort
How to Choose the Right Plasma Cutter for Your Project Cutting metal is not something you want to fumble your way through. It is a job that demands the right mix of precision, speed, skill, and the right gear. For many welders and weekend warriors alike, plasma cutters have become the go-to solution when working with conductive materials like steel, aluminium, and copper. But step into any tool shop or browse online, and you will quickly find the opt
CMA CGM expands rail Connectivity between Marseille and Lyon CMA CGM is further enhancing its support for modal shift initiatives by expanding rail services between Marseille and Lyon, serving the wider Rhône-Alpes region. This strategic move is following the recent upgrade to our Fos-Lyon intermodal barge service, and it's designed to meet rising demand while increasing service frequency, improving cost efficiency, and delivering significant environmental
PFL NZPAC service schedule realignment due to berth congestion PFL announces a schedule adjustment to its NZPAC service in response to ongoing berth congestion and operational requirements. PFL Matai 0515S will call Tauranga on 1 June for discharge operations only, after which she will proceed to anchorage. All Auckland-bound imports from this voyage will be transferred to Neptune Matua 0519 in Tauranga for onward delivery. Additionally, PFL Matai will not o
Omani infrastructure expansion outpaces operational activity Oman is accelerating its ambitions to become a key player in the global maritime trade through robust investments, infrastructure upgrades, and strategic reforms. While these initiatives signal a promising trajectory, current shipping connectivity metrics reveal a lag between development efforts and actual integration into global maritime networks
Container Stock Market Weekly Trends Summary: The container stock market exhibited mixed trends last week, with most major players reaching their weekly highs mid-week (May 21-22) . This reflects short-term investor optimism driven by stronger-than-expected demand forecasts, tighter vessel supply, and positive macroeconomic sentiment in key Asian export economies. However, profit-taking and regulatory concerns moderated gains by Fri
Connectivity trends and Red Sea volatility signal only partial recovery for Egypt The security and economic dynamics surrounding the Red Sea and the Suez Canal are undergoing a period of recalibration, driven by recent geopolitical developments, naval deployments, and economic responses from Egypt. Egypt's Foreign Minister Badr Abdelatty, in an exclusive with Lloyd's List, emphasized a material improvement in Red Sea security, largely credited to a ceasefire in Yemen brokered
How Modern Infrastructure Projects Mitigate Risk Before Groundbreaking The most important work is usually conducted behind the scenes, prior to any construction beginning. Risk does not stem from poor design or material delays-it starts much sooner than that, in overlooked permits, buried underground lines, or rushed assessments. Infrastructure projects in today's world demand careful preparation. The planning teams must understand what could go wrong from the begin
ANL announces rate restoration from North East Asia to Australia East Coast ANL will implement a Rate Restoration Program for all shipments from North East Asia to the East Coast of Australia, effective 5 June 2025, The rate adjustment will be as follows, US$ 150 per 20' dry/reefer container and US$ 300 per 40' dry/reefer container. This increase will be applied on top of existing Spot/FAK rates and will be subject to all applicable surcharges in effect at the time of sh
CNC enhances YSX service CNC is pleased to announce enhancements to YSX Service, reflecting the ongoing commitment to supporting Myanmar's expanding trade requirements. These strategic improvements are designed to deliver greater connectivity, increased frequency, and enhanced operational efficiency. The updated port rotation will be: Singapore - Yangon (MITT) - Yangon (AWPT) - Port Klang - Yangon (AWPT) - Singapore. Wit
How Car Accident Settlements are Calculated The National Highway Traffic Safety Administration (NHTSA) estimates that traffic fatalities declined in the first quarter of 2024. Their data reveal that 8,650 people died in traffic crashes in the first three months of the year. Car accident statistics show that traffic accidents are common on US roads. In car accidents, Encinitas personal injury attorney Liam Perry says that the term "personal
Kalmar to power Perlis Inland Port development with advanced container handling fleet Kalmar, in collaboration with Mutiara Perlis Sdn Bhd and its authorised Malaysian dealer Mach 1 Group, support the transformation of Perlis Inland Port into a future-ready logistics hub for Malaysia and the broader Southeast Asian region. As part of this strategic initiative, Kalmar is supplying a fleet of cutting-edge container handling equipment, including six reachstackers, three empty contain
DSV and UNICEF expand strategic partnership to strengthen emergency supply delivery DSV and UNICEF have announced the expansion of their strategic partnership, reinforcing their joint commitment to accelerating the delivery of life-saving supplies during humanitarian emergencies. Now entering the second year of their three-year agreement, the expanded partnership will see DSV increase its support for UNICEF through additional in-kind air freight services during emergencies. This
Hamburg Port Authority showcases SeaClear 2.0: an autonomous solution to marine debris The Hamburg Port Authority has unveiled the SeaClear 2.0 robotic system in a live demonstration at its Harburg facility marking the first public showcase of this advanced technology. Developed as part of a European Union research initiative, the SeaClear 2.0 project aims to leverage autonomous robotics to efficiently detect, classify, and remove marine debris from both the water surface and seabe
Arkas expands fleet with new 3,100 TEU vessel orders Arkas has placed an order for four 3,100 TEU container vessels, with an additional two vessels as optional, from CSSC Huangpu Wenchong Shipyard. Each vessel is valued at approximately USD 50 million, with delivery scheduled for 2028. This move follows Arkas's previous orders in April and September 2024 for six 4,300 TEU vessels from the same shipyard, each costing USD 60 million. If you liked thi
Kuehne+Nagel to acquire spanish road logistics provider TDN Kuehne+Nagel has signed an agreement to acquire Transporte y Distribución Nacional, a well-established Spanish road logistics company headquartered in Madrid. This strategic acquisition marks a significant enhancement of Kuehne+Nagel's European groupage network. TDN employs more than 600 professionals and managed over one million shipments in 2024. With 45 terminals and a partner network operatin
MSC Elsa 3 sinks off Kerala coast, triggers environmental alert The Liberian-flagged container vessel MSC Elsa 3 has sunk approximately 38 nautical miles southwest of Kochi, raising serious concerns over a potential environmental hazard along the coast of Kerala. The 184-meter-long ship, built in 1997 and en route from Vizhinjam to the Port of Cochin, began listing severely early Saturday. Carrying 640 containers including 13 classified as hazardous and over
ONE announces a new service rotation update Ocean Network Express (ONE) is announcing an upcoming adjustment to our Japan Korea 1 (JK1) service, aimed at improving operational efficiency, service reliability, and environmental sustainability. The port call at Tokyo will be replaced with Kawasaki. The current rotation of Pusan (PUS) - Shimizu (SMZ) - Tokyo (TYO) - Nagoya (NGO) - Pusan (PUS), will be replaced by the new one: Pusan (PUS) - Sh
Cido reverses course on VLACs with suezmax newbuild switch Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for a pair of 88,000 cu m VLACs into two ...
CMA CGM signs $600m Vietnam box terminal deal France's CMA CGM has penned an agreement with Saigon Newport Corporation (SNP) to develop a new $600m deepwater terminal in Haiphong, northern Vietnam. The deal covers the design, construction, and operation of the Lach Huyen terminals 7 and 8, located in Lach Huyen area in Haiphong. The terminal will have a capacity of 1.9m teu ...
Wood brings in $2bn Asia Pacific contracts UK-based consulting and engineering firm Wood has achieved a record-breaking year in the Asia Pacific region, securing A$3 billion (US$2 billion) in contract awards over the past 12 months. Headquartered in Aberdeen, the company has won a combination of new contracts, extensions, and renewals to deliver advisory, design, execution, and operational services for major energy, ...
NOV secures Energean FPSO work UK-based energy company Energean has awarded a contract to US oilfield services giant NOV (National Oilwell Varco) for critical upgrade work on its floating production, storage and offloading (FPSO) vessel, supporting its development in the Mediterranean Sea offshore Israel. The Katlan project, which ties back to the existing Energean Power FPSO on the Karish field, ...
Costamare Bulkers extends charters for 2020 Bulkers newcastlemax pair New York-listed Costamare Bulkers has extended contracts on two newcastlemaxes from 2020 Bulkers. The Gregory Zikos-led recently launched spinoff of Greek owner Costamare has fixed the 2020-built Bulk Santos and Bulk Sao Paulo on index-linked deals for 11 to 13 months. The Lars-Christian Svensen-led owner of six newcastlemaxes said in a filing that the index-linked ...
Lila Global expands tanker fleet Dubai-based Lila Global is continuing its fleet diversification strategy with a string of acquisitions in the tanker segment, a notable pivot from its traditionally dry bulk-heavy profile. The shipowning affiliate of ship recycling powerhouse GMS has now added its third stainless steel chemical tanker in the niche J19 size bracket, reflecting growing appetite for smaller ...
Nearly 60 LNG carriers stand idle The depressed liquefied natural gas (LNG) carrier sector sees nearly 60 vessels, according to data from Clarksons Research. In a striking sign of shifting market fundamentals, shipowners-particularly in South Korea-have begun sending older, less efficient LNG carriers to the scrapyards in increasing numbers. According to leading shipbroker Clarksons, four LNG steam turbine ships were sold ...
Second officer charged with negligent navigation over last week's high-profile grounding in Norway A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. The ship ran aground just meters from a summer home in Byneset, narrowly avoiding significant property damage. The officer admitted to falling asleep while on watch at the time ...
Car carrier coalition harmonises emissions data A coalition of major global car carrier operators, known as the Global Ro-Ro Community (GRC), has announced the release of a unified set of guidelines aimed at accurately calculating their fleets' greenhouse gas (GHG) emissions intensity. The new initiative has been developed in partnership with the international non-profit Smart Freight Centre (SFC). The six founding ...
Boxport congestion spreads from Europe to the US and China Port congestion seen across key Northern European hubs is intensifying and is now spreading to China and the US, a situation expected to worsen as a result of Donald Trump's on/off tariff strategy. Compounding the situation, low water levels on the Rhine are limiting barge capacity, particularly out of Antwerp and Rotterdam-further straining inland logistics. ...
MSC ship sinks off the coast of India The Liberian-flagged container ship MSC Elsa 3 has sunk approximately 38 nautical miles southwest of Kochi, with concerns growing over potential environmental fallout along Kerala's coast. The 28-year-old, 184 m long vessel, en route from Vizhinjam to the Port of Cochin, began listing severely early Saturday. The ship, which carried 640 containers-including 13 with hazardous ...
Panama tries to crack down on shadow fleet The Panama flag has strengthened its requirements for ship-to-ship (STS) oil transfer operations involving tankers registered under its flag in a bid to crack down on the shadow fleet. Effective immediately, all Panama-flagged vessels with a gross tonnage of 150 or more must notify the flag sate at least 48 hours in advance of any ...
MOL places first dual-fuel VLCC with Japanese charterer The move comes despite rising geopolitical pressure, with Washington seeking to curb China's shipbuilding and shipping industries through port fees...
Daily Briefing Seafarer abandonment rising problem in small registries | Japan shipbuilding eyes US port fee windfall, but capacity limits curb gains...
WiseTech notches biggest acquisition with $2.1 billion deal for E2open The widely used forwarding software platform has long been acquisitive, but its pending purchase of logistics and planning platform E2open represents a new foray into shipper-focused technology.
Trajectory of LNG demand 'deeply uncertain', GIIGNL president says Conflicting market drivers set to hit new wave of incoming supply
Tanker owners look to Opec's 'exciting' next meeting for volumes boost Oil producing group could unwind prior production cuts by October or November
New $100m Chinese shipbuilder wins first order as Winning expands newbuilding slate Zongyang facility books in deck cargo carriers for big Singapore group
Greek shipowner snaps up product tanker as asset value slide extends Sale of World Navigator follows a similar deal by Japanese venture in April
VLCC makes pioneering voyage from Brazil to giant African refinery Union Peace transports Dangote plant's first barrels of Mero crude
Christen Sveaas' Kistefos buys $3.6bn Norwegian fund manager from DNB Carnegie Transaction expected to be closed in third quarter
George Economou scraps fire-hit capesize bulker in rare Greek demolition deal Sale of 21-year-old bulker is due to special reasons
Palmali owes money after losing $120m tanker chartering case against Litasco Long-running legal saga arose from disputed contracts of affreightment for oil cargoes
CMA CGM signs $600m deal to build new Vietnamese container terminal French container line makes 'strategic investment' in Haiphong
'Floating bombs': Frontline chief fires warning shot on tanker demolition Lars Barstad wants restrictions relaxed to allow breakers to take in older ships more easily
Greek owner Contships hives off feeder ship trio to Mediterranean buyer Turkey's Medkon Line is linked to acquisition of Chinese-built sister ships
MOL to make 'prudent' choices in shipyard selection for LNG carriers Shipping companies are closely monitoring US plans for additional port fees for Chinese-built vessels, owner says
World's biggest ship registry cracks down on shadow tanker oil transfer operations Panama registry wants to shut the door on 'illicit activities'
First case linked to Houthi missile attacks on shipping hits UK court English High Court decides whether action over bulker sinking can go ahead in UK
Russia claims ballistic missile attack on container ship docked in Odesa Ukraine confirms deadly strike on German-operated port infrastructure
Aluminium giant halts $24m rates collusion claim against Icelandic owner Eimskip Container line says antitrust action will be suspended ahead of hearing scheduled for Tuesday
US greenlights third and largest LNG project for Venture Global Next final investment decision set to tip scales for liquefaction developer and shipowner
Greek owner Contships hives off feeeder ship trio to Mediterranean buyer Turkish peer Medkon Line is linked to the acquisition of Chinese-built sister ships
Hafnia finance chief Perry Van Echtelt cashes in shares worth $517,000 Stock has recovered from NOK 39 to NOK 52 over past couple of months
World's biggest ship registry cracks down on shadow tanker oil transfer operations Panama registry wants to shut the door on 'illicit activities'
Watch officer arrested after falling asleep while container ship grounded in fjord Operator NCL says incident in Norway was 'serious'
Russia claims ballistic missile attack on container ship docked in Odessa Ukraine confirms deadly strike on port infrastructure
Frontline shares being 'served on silver platter' as tankers gain momentum, analysts say Fearnley and Clarksons bullish on John Fredriksen company as earnings tipped to rise
US port fees sting as Yangzijiang Shipbuilding sees new orders crash Chinese shipyard won only six newbuildings in first quarter
MSC container ship sinks with 'hazardous' cargo off India Authorities monitor Kerala coastline to contain possible environmental damage
Trump postpones tariff threat against the European Union US president says he relented after EU leader pledged to 'swiftly and decisively' move ahead with trade talks
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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