Vigor and Samsung Heavy team up for Navy forward-deployed MRO Portland, Ore.-headquartered Vigor Marine Group (VMG) and South Korean shipbuilding giant Samsung Heavy Industries (SHI) have formed a strategic partnership. The collaboration will bring expanded forward-deployedMRO (maintenance, repair, and overhaul (MRO) capacity
Wan Hai 503 sister vessel in chemical leak scare Wan Hai 502, a sister ship to the Wan Hai 503 that exploded in June, was involved in a chemical leak scare in Kaohsiung port. Around 2pm local time, just before the 2005-built 4,252 TEU Wan Hai 502 departed for Hong Kong on 22 August, some liquid was seen below a Hapag-Lloyd container labelled as carrying styrene monomer, prompting fears of a chemical leak. Pier 66, where Wan Hai 502 was berthed,
US Shipbuilding fights back against Chinese dominance The United States shipbuilding industry finds itself at a critical juncture in 2025, scrambling to respond to an unprecedented challenge from China while simultaneously attempting to rebuild its own severely diminished capabilities. The numbers tell a stark story: America produces just 3-5 ships annually compared to China's staggering 1,700, a disparity so vast that industry experts have declared
OrbitMI acquires Gale Force OrbitMI, a maritime SaaS software provider, has acquired Gale Force, a maritime advisory services company specializing in voyage optimization, environmental compliance, and voyage execution support. The deal is aimed at expanding OrbitMI's platform by embedding Gale Force's expertise directly into daily workflows, giving clients faster access to actionable insights. OrbitMI said it remains commit
Tropical shipping announces peak season surcharge between islands Tropical Shipping has announced that a peak season surcharge will apply to shipments moving between Puerto Rico, the US Virgin Islands, the Bahamas, Belize, the British Virgin Islands, the Cayman Islands, the Dominican Republic, the Leeward Islands, South America, the Windward Islands, and the Turks and Caicos Islands. The surcharge will be effective for all cargo received from October 5, 2025, t
Wallem launches vessel IT security and management services Wallem Group has introduced its Vessel IT Security and Management Services (VITS), a suite of consultancy and support solutions designed to protect shipboard IT systems in an increasingly digitalised and regulated maritime environment. Developed with a vessel's full digital ecosystem in mind - from business networks to IoT systems - VITS combines six management and security services aimed at ensu
Euroseas orders additional containerships Euroseas has signed contracts for the construction of two modern, fuel-efficient 4,300 TEU containerships at Jiangsu New Yangzi Shipbuilding in China. The vessels are scheduled for delivery in March and May 2028. Each ship will cost approximately US$59.25 million, with financing arranged through a mix of debt and equity. This latest order follows the company's decision in October 2024 to commissi
WiseTech Global and ACFS Port Logistics partner WiseTech Global has announced a strategic partnership with ACFS Port Logistics to roll out and commercialize its Container Transport Optimization (CTO) platform across Australia. ACFS, Australia's largest container logistics operator, will implement CTO to optimize movements across its operations including trucks, trailers, loading gates, terminals, and empty container parks. "CTO addresses one o
AD Ports Group expands Angola operations AD Ports Group has announced major new investments in Angola. The company signed an agreement with Angola's trade regulator, Agência Reguladora de Certificação de Carga e Logística de Angola, to develop a digital Single Logistics Trade Window. In parallel, it is investing approximately US$ 6 million to expand its Angolan logistics arm, Noatum Unicargas Logistics, with 30 new trucks and 45 trailer
Maersk opens shared service centre in Warsaw Maersk has opened a new shared service centre in Warsaw to support its growing European operations and provide multilingual services across various parts of the business. The office is located in the Wola district, a fast-developing financial and business hub in the Polish capital. More than 100 Maersk employees, representing nine nationalities, are already working at the site. The new workplace
Hapag: "Tariffs are not great but they won't stop global trade" Tariffs of around 15-20% are not great, said Hapag-Lloyd CEO Rolf Habben Jansen, adding, "that doesn't stop global trade even if of course it does not have a positive effect". Discussing the container trades on a Hapag-Lloyd webinar today, 25 August, Jansen argued that while there was volatility in the market, particularly in the second quarter, demand had been better than expected and rate erosi
Bee Logistics opens third branch office in Thailand Bee Logistics has opened its third branch office in Thailand, located near Songkhla Port. The new office is intended to strengthen connectivity with Malaysia and the wider ASEAN region by supporting cargo movements through one of Southern Thailand's key logistics hubs. Songkhla Port handles a wide range of commodities, including food and beverages, raw materials, construction goods, and heavy mac
OrbitMI expands with Gale Force acquisition US-based maritime software company OrbitMI has acquired Swedish advisory firm Gale Force, expanding its portfolio in voyage optimisation and environmental compliance. The deal follows OrbitMI's recent purchase of AI specialist AuQub and reflects the company's strategy to blend maritime expertise with digital tools for shipowners and operators. Gale Force, founded by Tom Sandberg (pictured), provi
Wisdom Marine exits cape segment Brokers report that undisclosed Greek buyers have tabled $26.2m for Wisdom Marine's 179,000 dwt Frontier Bonanza, a 2010-built capesize from Hyundai Heavy Industries. According to VesselsValue, the ship is on a seven-year charter to Nippon Yusen Kaisha . The deal marks the first sale of a Korean-built cape since May. Taiwanese owner Wisdom Marine has ...
Italian chemical tanker pioneer Giovanni Bertani dies at 87 Giovanni Bertani, former head of Italian chemical tanker owner Finbeta, has died in Savona at the age of 87. Bertani was part of the family that founded Finbeta in 1937, when Cesare Bertani acquired the company's first vessel. Under Giovanni's stewardship, the Savona-based company became a well-known name in the transport of chemical products, operating ...
Carriers reroute fleets to sidestep US levy Global shipping is realigning fleets in anticipation of October's extra port fees to be levied by the US on China-linked tonnage. This is already being reflected in chartering decisions for transatlantic tanker and dry bulk fixtures with Chinese-built tonnage shifting to other parts of the globe. In the container sector, global liners are moving their ...
Turkey shuts ports to Israeli-linked vessels and cargoes ZIM confirmed on Monday that Turkish authorities have barred Israeli-linked vessels from entering the country's ports, in the latest escalation of Ankara's sanctions against Israel. The Haifa-based line, the world's ninth-largest container carrier, said that vessels that are either owned, managed or operated by an entity related to Israel will not be permitted to berth ...
Marco Polo unit lines up Taiwan listing for wind fleet push Singapore offshore vessel player and shipyard Marco Polo Marine is preparing to list its Taiwan-based offshore wind subsidiary PKR Offshore (PKRO) as part of a push to expand its specialised wind support vessel fleet in Asia. The group said the listing application is expected to be filed by the third quarter of 2026, with proceeds ...
South Africa tightens offshore ship-to-ship rules South Africa has introduced a new regulatory framework for offshore ship-to-ship (STS) transfers, sharply increasing penalties and setting strict environmental conditions in a bid to protect coastal ecosystems and the endangered African penguin. Under regulations signed by minister of forestry, fisheries and the environment, Dr Dion George, transgressors face fines of up to R2m ($110,000), ...
PXGEO clinches first contract in Malaysia Marine seismic specialist PXGEO has broken into the Malaysian market with its first contract in the country, a two-year deal covering offshore seismic acquisition. The agreement includes a minimum 365 days of acquisition activity using the seismic vessel PXGEO 2, which is scheduled to mobilise this month. The vessel recently completed a month-long maintenance stop ...
Giant fire breaks out at Hamburg port warehouse Firefighters are battling a major blaze at a warehouse complex in the port of Hamburg this morning, sending thick plumes of smoke across Germany's largest seaport. The Hamburg fire brigade said the alarm was raised late Monday afternoon, with more than 100 personnel and multiple fire engines deployed to contain the flames. The warehouse, located ...
Seadrill JV nets two Angola contracts Seadrill's Sonadrill joint venture has lined up fresh work in Angola, securing new contracts for two of its drillships and long-term activity in the region. The West Gemini, a Seadrill-owned unit, has been awarded a contract with Sonangol Exploração & Produção. The deal is expected to begin in late 2025 or early 2026 and has ...
Solstad Offshore lands $65m in new vessel contracts Norway's Solstad Offshore has picked up fresh work for two of its vessels worth a combined $65m. The 2006-built anchor handler Normand Turmalina has secured a three-year extension with BRAVA Energia in Brazil, keeping the vessel fixed until early 2029. Meanwhile, subsea player Ocean Infinity has exercised its option on the 2017-built construction support vessel ...
Seoul bets on shipbuilding to keep Trump sweet South Korea is making shipbuilding the anchor of its trade diplomacy with Washington, rolling out billions in promises to revive America's rusted yards in a bid to keep Donald Trump on side. President Lee Jae Myung's first US trip saw him push a $350bn investment package, with $150bn earmarked for shipbuilding under the slogan 'Make ...
Blystad brings in new CEO Norwegian shipowning outfit Blystad Group has appointed Rune Magnus Lundetr� as its new chief executive, effective this summer. Lundetr� has nearly two decades of senior leadership experience in shipping and offshore. He was most recently chief of finance at Eldorado Drilling and previously served as chairman of Offshore Heavy Transport (OHT), a heavylift specialist that ...
Trials show promise of tracers in combating biofuel fraud The Global Centre for Maritime Decarbonisation (GCMD) has released a report on the world's first field validation of tracer technologies in marine biofuel supply chains to combat fraud. Conducted in Singapore, Rotterdam, and other major bunkering hubs, the trials demonstrated that tracers can be integrated into existing marine biofuel supply chain practices without disrupting operations ...
Two wildcards for VLGC rates: US-China talks and Panama Canal 'bottleneck' Spot rates for VLGCs remain very strong, but there is also uncertainty. BW LPG chief executive Kristian Sorensen discussed the...
Wired for success? The double-edged sword of ship connectivity Lloyd's List senior reporter Joshua Minchin explains how shipping has crossed the proverbial Rubicon when it comes to connectivity and...
Finnish prosecutor demands prison sentences for Eagle S officers Tanker accused of severing cables by deliberately dragging anchor
Sanctioned tankers continue to exploit Arctic route to sustain Russian oil exports to China Despite tightened Western sanctions, at least five ageing 'shadow fleet' tankers used the Arctic route this summer to deliver Russian...
Biofuel tracers could help fight bunker fraud The Global Centre for Maritime Decarbonisation has trialled several biofuel tracers, finding the technology has significant potential to help prevent...
Bearish vs benign scenarios for container shipping in 2026 After faring better than expected in 2025, container lines face a wide range of financial outcomes next year amid sweeping...
Hyundai signs South Korea-US maritime investment agreement Deal brings together the Korea Development Bank, which will support South Korean investors, and US private equity firm Cerberus Capital...
Indian bulker operator cleared of fraud in High Court Significant judgment for arbitration practitioners, argues winning Essex Chambers barrister
MPCC eyeing chances to buy smaller boxships MPCC reported higher profits but signalled it is keeping powder dry to exploit chances to buy smaller ships, saying the...
Warehouse fire disrupts Hamburg operations A fire that broke out in a warehouse at the German port led to partial restrictions on shipping operations on...
HD Hyundai workers walk out as wage talks remain deadlocked If no agreement is reached by August 29, the three HD Hyundai shipbuilding unions will launch joint strikes
The week in charts: US ports: Good, but tariff fallout 'lag' ending | Massive rise in Syrian port calls post sanctions lift | How US-India trade impasse affects shipping Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Rocky stretch ahead for shippers, carriers in 2026 and beyond Sentiment heard with greater frequency from within the industry and from financial analysts holds that overcapacity will overwhelm constraints on capacity in a possible multi-year swoon.
US DOT presses states to enforce English-language trucking rules Transportation Secretary Sean Duffy gave California, New Mexico and Washington 30 days to adopt and enforce ELP regulations or lose access to federal safety funding.
Zim signals changes to Med network amid apparent Turkish port ban The Israeli carrier said it's taking steps to comply with a purported ban on its ships at Turkish ports as relations between the two countries sour over the war in Gaza.
UP-NS deal would trigger 'unnecessary wave' of rail mergers: CPKC CPKC's opposition comes just two years after its acquisition of Kansas City Southern Railway was approved by US regulators.
Steel, aluminum tariff expansion 'unwelcome news' for transport providers The scale and scope of the number of products now subject to US steel and aluminum tariffs is likely to affect providers across multiple modes, writes Jason Miller.
Ocean carriers intensify cost-cutting efforts as rates slide on major trades The unit cost of moving a container has been pushed higher compared to the prevailing pre-pandemic price structure, according to carrier executives, prompting cost-control measures.
How Trump-Xi trade tensions shifted US VLGC exports to India BW LPG chief executive Kristian Sorensen says exports from the Gulf Coast to India jumped by more than tenfold
South Korea says Hanwha Philly plans to lift output tenfold in US investment drive Office of president Lee Jae Myung suggests more ambitious plans by Hanwha Group in US
Feeder newbuilding surge falling short of meeting demand, says MPCC boss Forget the record orderbook - additional small container ships are still required, Constantin Baack argues
Shreeji Shipping raises cash for bulker buys from Indian IPO Jamnagar shipowner sees stock rise past offer price on Mumbai debut
India vows a crackdown on 'distressing challenge' of seafarer crew abandonment and rogue recruiters Major supplier of world's seafarers is taking action to address unwelcome trends
'Zero-tolerance': Dark fleet risk poses tough challenge for one of world's biggest ship registries Chief Ramon Franco Mindreau says flag is focused on quality, not quantity
Wallenius and Alfa Laval's windtech solution Oceanbird rises Joint venture is talking to major shipowners, with second test unit set for shipboard installation at year end
Contships puts plans for 20 newbuildings on ice Nikolas Pateras baulks at plans to order feeder ships at inflated prices
South Korea signs up to buy 3.3 mtpa of US LNG at presidential pow-wow Trafigura to supply volumes from its Cheniere Energy offtake
Dry freight market is 'more a waiting game than it is qualified decision-making' Ups and downs in freight rates have not necessarily been logical or predictable this year
StealthGas offloads LPG carrier and signals further disposals Replacements could also be on the cards, chairman Michael Jolliffe says
HD Hyundai strikes investment partnership aimed at revitalising US shipbuilding Shipbuilder teams with Cerberus Capital and Korea Development Bank in multibillion-dollar pact
Swing factor: Can product tanker rates stave off chemical tanker decline? Orderbook means pockets of oversupply could emerge in next two years
Eni readies for Phase 2 of Congo LNG project with sail-away ceremony Wison New Energies-built unit due to be in operation by end of 2025
Jinhui Shipping falls to a loss as vessel impairments bite bottom line Hong Kong shipowner has sold five bulkers at a book loss so far this year
Swing factor: Can product tanker rates stave off chemical tanker decline? Orderbook means pockets of over-supply could emerge in 2026 and 2027
BW LPG stock drops further than anticipated on 'disappointing' third quarter guidance Bookings imply earnings below consensus
Shipowner sets up new financial platform to buy eco-bulkers with fresh investors Maris Fiducia is already plotting its next project after offering 50% stake in its Bird cargo ship fleet acquisition
Eni readies for Phase 2 of Congo LNG project with sailaway ceremony Wison New Energies-built unit due to be in operation by end of 2025
Prosecutors seek jail terms for shadow fleet officers over cable damage Trial of Eagle S master and two senior officers begins in Helsinki
Shell strikes deal to use unique MOL crude transfer ship design in Brazil Oil major will share ship with TotalEnergies as Japanese owner forges ahead with alternative to shuttle tankers
Hanwha Ocean pumps $70m into US yard to ramp up capacity Hanwha is aiming to increase sales volumes by fourfold and build up to 10 vessels per year
BW-backed Cadeler profit soars as offshore wind fleet grows Denmark-based owner added two newbuildings and bought Chinese installation ship in first half
Bigger not better for BW LPG as Avance Gas VLGCs fail to move profit needle Singapore gas giant blames lower spot rates and higher costs for falling earnings
MPC Container Ships sees geopolitics creating 'compelling opportunities' Feeder vessel owner will pay a dividend per share of $0.05 for second quarter
Odfjell scores top dollar scrap price for vintage tanker Beached on Tuesday, Bow Fagus sold for a whopping $940 per ldt
Wisdom Marine exits capesize sector as it invests in more handymax bulkers Taiwanese owner is ordering two 40,000-dwt newbuildings in Japan
Dark fleet tankers dominate Indian demolition beach Ship recyclers are attracted by discounted prices being offered on sanctioned tonnage
Zim reroutes vessels and warns of earnings fallout after Turkey closes the door to Israeli shipping Operator says results could be affected but sticks to 2025 guidance
South Korea's Hanwha to spend $5B on Philly shipyard South Korea's Hanwha Group backs President Trump's maritime plans, to spend $5 billion to upgrade and expand its shipyard in Philadelphia.
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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