Operations underway at Newport News Shipbuilding Charleston Operations HII (NYSE: HII) reports that it has closed on its acquisition of an advanced manufacturing facility and assets and begun work at what is now its Newport News Shipbuilding (NNS) - Charleston
Cable layer conversion project brings Ulstein a record aftermarket contract Ulstein Design & Solutions AS has secured its largest aftermarket design contract to date Awarded by Taiwan's Dong Fang Offshore (DFO), it involves both basic design and engineering work for conversion work
Rolls-Royce powers world's fastest offshore crew transfer vessels As we reported earlier, Singapore Shipbuilder Strategic Marine recently delivered the first of three 35-meter crew transfer vessels that will be used by a national oil company in Africa for personnel transfer
Lowestoft unveils US$43 million offshore energy hub Associated British Ports (ABP), a UK port operator, welcomed the Secretary of State for Energy Security and Net Zero, The Rt Hon Ed Miliband MP, to the Port of Lowestoft on 23 January 2025. The occasion marked the official opening of the Lowestoft Eastern Energy Facility (LEEF), a transformative US$43 million development, which included US$2.8 million in funding from the Town's Fund. This state-o
IMO seminar sheds light on safety and sustainability issues in Polar shipping The 2025 Polar Maritime Seminar, jointly organized by the International Maritime Organization (IMO) and Norway's Chairship of the Arctic Council, in collaboration with the Arctic Council's Working Group on the Protection of the Arctic Marine Environment, concluded on 24 January at the International Maritime Organization's (IMO's) headquarters in London. Heike Deggim, Director of the Marine Enviro
Port of Antwerp-Bruges reports significant container growth Belgium's Port of Antwerp-Bruges handled 13.5 million TEUs in 2024, translating to an 8.1% growth over the previous year's figures. The major European port reported a smaller 2.3% increase in its total freight volume nearing 278 million tonnes. At the same time, the port's container throughput increased by 8.9% in terms of tonnage with the reefer segment accounting for 8.6% of total box traffic a
Horn of Africa in the Spotlight After Houthi Attacks Cease Regional and global powers are establishing naval bases and military facilities around the Red Sea, expanding their influence but also fueling rising tensions and conflicts in the region.
Lloyd's Register appoints new representatives in Japan Lloyd's Register (LR) has announced the appointment of Jim Smith as its new Strategic Business Partner and Senior Representative in Japan. In this role, Jim Smith will draw on his experience to drive mutual growth and economic success for LR and its clients. He will also represent LR externally in Japan, collaborating closely with clients to provide tailored solutions that address their specific
Port of Nueva Palmira installs advanced fender system for barges Located at the source of the Uruguay River, the Port of Nueva Palmira is Uruguay's second-largest port by volume and plays a crucial role in navigating South America's inland waterways, connecting the Atlantic and Pacific coasts. Within the port's Free Zone, Corporación Navíos has expanded its private infrastructure to handle liquids and minerals, recently completing a state-of-the-art river quay
Regional Container Lines launches new 7,000 TEU vessel Regional Container Lines (RCL) announced the delivery and maiden voyage of its new vessel, Jira Bhum, which took place on 21 January. Jira Bhum, a 7,000 TEU container ship, was officially named on 10 December 2024, during a celebratory event at Jiangsu New Hantong Ship Heavy Industry in China. The occasion was graced by Police General Adul Sangsingkeo, accompanied by Aranya Sangsingkeo, who serve
MSC's pivot to Indian shipyard could catalyse competition with Chinese yards Cheng Wen-lung, former chairman of Taiwanese shipbuilder CSBC Corp., said that MSC's interest in developing a shipyard in India suggests that the next competition among shipbuilding nations will be between China and India.
SITC expands its boxship orderbook SITC International Holdings, a major Chinese container line, has exercised its options with Huanghai Shipbuilding for two additional 1,800 TEU vessels. The Hong Kong-listed vessel owner is investing nearly US$58 million to expand the series to eight ships. The newly ordered vessels are set for delivery in October and December 2027. SITC initially signed a shipbuilding agreement with Huanghai in J
Wallenius Wilhelmsen launches new Brunswick hub facility in Georgia Wallenius Wilhelmsen executives officially inaugurated their newest global facility in Georgia on 21 January. This state-of-the-art site serves as a strategic hub for the Norwegian carrier's operations in the southeastern United States. "This is a world-class facility and I am very impressed by what we have managed to achieve together with our partner Georgia Ports Authority (GPA)," stated Lasse
Understanding Comparative Fault in Personal Injury Claims Understanding comparative fault in personal injury claims is crucial for securing fair compensation. It assesses how responsibility for an accident is shared among all parties involved. In this system, your percentage of fault directly impacts the compensation you receive, potentially reducing your awarded damages. Knowing the distinctions between pure and modified comparative fault can significa
CMA CGM introduces Baltic Express service CMA CGM has announced a new feeder service, the Baltic Express, which was launched in the fourth week of the year. This service is designed to provide efficien
Economou's TMS Group enters leasing deal for newest LNG carrier Japan's SBI Leasing Services has partnered with France's BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu m is under a long-term charter to Osaka Gas International ...
Asso.subsea orders shallow-water cable layer from China Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It will be designed for shallow-water and bottom-sitting ...
Tankers: Year of the VLCC? You can take your pick of a wide variety of opinions about what Trump 2.0 will do to the global oil markets, but it's a safe bet that nearly all those opinions amount to one effect: disruption. The US president has already dropped a heavy hint to Saudi Arabia to produce more crude oil to ...
Lay-ups and scrapping mulled as LNG rates hit record lows Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Citing an "overwhelming oversupply" of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that spot rates have fallen to new record lows. Unlike many ...
China increasingly using dry bulk carriers to move project cargoes around the world There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece's Ursa Shipbrokers has tallied that project cargo exports carried by dry bulk carriers from China to international destinations amounted to 3m tonnes ...
Sweden seizes tanker suspected of being behind latest Baltic cable outage The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time is the 32,200 dwt, Maltese-flagged oil tanker Vezhen, which was sailing ...
SITC lifts Huanghai boxship series to eight Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of 2027. SITC signed a shipbuilding contract with ...
Candler firms up MPP brace at New Jiangzhou Shipyard German MPP specialist Candler Schiffahrt has bolstered its orderbook at China's Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March. Shipbuilding sources said the latest deal covers optional units ...
Solstad scores triple OSV fixture Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel (CSV) Normand Jarstein in West ...
Havfram seals European wind farm deal Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company's newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This marks the company's eighth contract for ...
Seafarers' struggles in global ports Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers' happiness, it is tempting
Red Sea reopening could be less dire than feared for product tankers Product tankers have not returned to the Red Sea route yet, but the chance of them doing so has increased...
Why is LNG winning the alternative fuel race? Lloyd's List senior reporter Declan Bush asks why LNG is so far out in front in the race to be...
Bad weather, not sabotage, caused cable damage insists seized ship's owner Bulgarian operator Navibulgar is under intense scrutiny from Baltic states and Nato after one of its bulkers damaged yet another...
FuelEU Maritime gives e-fuels their big break Renewable e-fuels are something of a holy grail in green shipping, but FuelEU Maritime's carrots and sticks could be what...
Shipping starts to test Red Sea waters There has been no meaningful change in traffic in the week following the Houthis announcement of a partial halt to...
The week in charts: China dominates global shipbuilding | Crimea caller sails for Libya in Russian power play | Panamax and supramax rates at multi-year lows Data shows seven of the top 10 shipyards by order volumes globally are in China; a bulk carrier heads to...
Bureau Veritas drops merger plans with Switzerland's SGS France's Bureau Veritas, which owns the fifth-largest vessel classification society, had entered in to talks to merge with Switzerland's SGS...
Trump fight with Colombia a sign of things to come for global trade For shipping, the significance of Trump's feud with Colombia is about what comes next. The US successfully used an aggressive...
Vintage tankers ship first Russian oil as producers reshuffle tonnage Largest-ever US sanctions crackdown on January 10 has disrupted Russia oil flows as banned tankers go dark, remain at anchor...
Ship recycling markets hampered by lowered steel demand Hyundai LNG sells 1996-built gas carrier to Indian ship recyclers for $635 per light displacement tonne. But economic uncertainty and...
The week in newbuildings: High-value orders signed in boxship, cruiseship and gas carrier sectors CMA CGM and SITC International each add containership newbuildings, while Denmark's Celsius Shipping has ordered its 21st 180,000 cu m...
Steamship heading for underwriting loss Record-breaking pool deficit likely to hit all International Group affiliates
Seafarer abandonment sees worst year on record in 2024 The ITF has documented a shocking year for seafarer abandonment, with incidents increasing by 136% in 2024
Owners withdraw vintage tankers from sale on 'dark fleet' concerns Three shipowners told Lloyd's List they have paused their fleet renewal programmes
EDT teams up with Synergy for offshore vessel push Partnership between Cyprus- and Singapore-based firms will focus on decarbonisation and digitalisation challenges in 'unique' sector
Cosco Shipping Energy to raise $1.1bn for fleet expansion with share offer Up to Yuan8bn will be raised to finance 11 newbuildings for energy shipping. Stock market, however, reacted negatively, with concerns...
The Daily View: Breaking rules Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Reopening Suez Canal expected to trigger 60%-70% drop in container rates A return to Suez routing in the first half of 2025 is projected to push spot rates back to loss-making...
NYK outlines plan to use carbon removal for net zero shipping NYK pledges to begin purchasing third-party-verified CDR credits from voluntary carbon markets by 2025 or earlier to offset stubborn residual...
Daily Briefing Russian 'spy ship' fraudulently using IMO of laid up vessel | Slithering through uncertainty: Shipping in the Year of the...
Gemini to save shippers money by besting schedule reliability challenges: Maersk Each month of last year saw reliability degrade compared to the corresponding month in 2023, though 2024 carried the burden of vessel diversions around southern Africa as carriers avoided the Suez Canal and Red Sea.
Antwerp-Bruges claws back volumes lost over past two years The Belgian port has restored the throughout that was lost following Russia's invasion of Ukraine in February 2022, filling the gap in part by capturing market share from its northern range rivals.
Suez routing allows rapid transit of new expedited China-Europe service With voyages around southern Africa taking up to 45 days and most carriers continuing to divert away from the Red Sea, the shorter route cuts the transit time of Kawa Shipping's China-Europe Express to just 26 days.
Sailing cuts slow pace of decline for India-USEC spot ocean rates While a bit softer since the start of the year, rates are not falling at the same pace they were in the second half of 2024 when prices plummeted from almost $11,000 per
Donald Trump's first week leaves tankers to speculate on impact of new administration An eventful first few days have not yet had concrete impacts on the market
Back to bulkers: Gary Vogel marks his return in new post Former Eagle Bulk leader's sabbatical from dry bulk sector comes to an end
Seacon Shipping breaks into multipurpose market with six-vessel deal Hong Kong shipowner wants to expand and modernise its fleet
Donald Trump's green light for LNG set to boost demand for over 120 new vessels Clarkson LNG tots up liquefaction developments that might now move ahead in 2025
'Isolated and frustrated': Seafarers sound alarm at shore leave squeeze Restrictive port policies affect well-being and morale, survey finds
Investors in world's largest cruise firm Carnival will wait 'years' for dividends despite record revenue Top line has risen to new highs for each of the past seven quarters
Expanded US sanctions lure fresh tankers into shadow fleet Russian trade, Braemar says UK broker identifies 10 vessels loading Russian oil for the first time
d'Amico International Shipping snaps up leased product tanker at $22m discount Italian company takes over ownership of Japanese-owned vessel through purchase option
Greek owner heads to China for groundbreaking cable-layer newbuilding Asso Subsea says the Althea will feature hybrid diesel and battery power
Fearful product tanker investors should hold their nerve after talk of Red Sea return, says Clarksons Analysts believe sector will be relatively unscathed if Suez Canal area becomes safe again
Why 'Oracle of Omaha' Warren Buffett has steered away from shipping Although shipping does not appeal to Oracle of Omaha, he could teach the industry a thing or two
Boats with no moat: Why 'Oracle of Omaha' Warren Buffett has steered away from shipping Though shipping does not appeal to Oracle of Omaha, he could teach the industry a thing or two
Baltic cable was not cut on purpose, insists Navibulgar Senior company manager says ship's anchor was dragging after a storm
Strategic Marine building world's fastest offshore crew ships Air-cushion technology boosts speed of vessels to 53 knots
Zvezda delivers US-sanctioned ice-class tanker with LNG carrier poised to follow Ice-breaking vessel was originally ordered in 2018
World's biggest shipowner plans $1.1bn fundraising to boost fleet by 11 vessels Cosco Shipping Energy Transportation will raise cash by issuing more than 1.4m 'A' shares to 35 target subscribers
Baltic cable wasn't cut on purpose, insists Navibulgar Senior company manager says ship's anchor was dragging after a storm
Indian owner Shreeji Shipping goes for IPO to buy supramax bulkers Jamnagar owner wants to expand fleet through domestic fundraising and listing
'Who picked you as ambassador to Greece?' US diplomat fields maritime questions from budding seafarers Innovative project brings pupils into direct communication with captains at sea
Shift4Good raises $230m focused on sustainable transportation Investors include Renault, BNP Paribas and PSA Ventures
Taiwan's U-Ming stacks orderbook with ultramax bulk carriers Shipowner returns to Oshima Shipbuilding
Tanker market looking up for owners amid threat of overwhelming geopolitical wildcards, says Poten Brokerage says geopolitics not going anywhere but oil supply and demand looks good
Sister ship of Baltimore bridge disaster vessel Dali breaks down in the Pacific Manager confirms Maersk Saltoro's main engine stalled but says repairs are underway
Armed robbers raid bulk carrier in piracy hotspot Latest incident adds to tally of ship boardings off Indonesia
'Significant milestone': New ship management venture formed for offshore ships Cypriot owner and Singapore manager join forces in EDT Synergy Shipmanagement
Sistership of Baltimore bridge disaster ship Dali breaks down in the Pacific Manager confirms Maersk Saltoro's main engine stalled on 13 Janaury but says repairs are underway
Two new LNG bunkering ports host first operations with container ship and ferry Hong Kong and UK's Portsmouth join global expansion of ports offering LNG as fuel
'Deep value': DNB Markets upgrades two major bulker owners despite falling asset values Some companies are better placed to ride out near-term negativity, says analyst Jorgen Lian
Sanctioned Iranian vessels 'load missile fuel chemical' in China Intelligence sources say sodium perchlorate is heading to Iran on a container ship and an MPP
Bureau Veritas scraps $33bn merger talks with Swiss rival SGS French class society says discussions did not end in an agreement
Hafnia completes share buyback programme after spending $77m Return of capital to investors comes after record profit in 2024
Greek owner Chronos Shipping offloads first of four bulkers as fleet sell-off unfolds Athens-based peer Sealestial Navigation is linked to deal for one of kamsarmaxes offered for sale
'Who picked you as ambassador to Greece': Outgoing US diplomat fields maritime questions from budding seafarers An innovative project brings pupils into direct communication with captains at sea
VC firm Shift4Good raises $230m focused on "sustainable transportation" Investors include Renault, BNP Paribas, PSA Ventures and ComfortDelGro and Indika Energy
Sweden seizes yet another ship suspected of cable sabotage in the Baltic Open-source intelligence suggests the vessel seized is a Navibulgar bulker sailing from Russia
Taiwan's U-Ming stacks orderbook with ultramax bulk carriers Shipowner returns to Oshima Shipbuilding
Indonesian tanker owner opts to recycle stainless steel chemical tanker in India Martha Option is the third such vessel that Waruna Nusa Sentana has sold for recycling in recent months
Trump telework reversal undermines aviation security, ex-TSA official says President Trump's return-to-work mandate for federal employees could have unintended consequences for the Transportation Security Administration and aviation security.
Los Angeles, the busiest US container port, plans even bigger future While the global supply chain seemed whipsawed on a daily basis in 2024, one thing remained constant: a veritable tsunami of ocean containers moving through the Port of Los Angeles. The busiest U.S. maritime trade hub moved 10.3 million container units in 2024, a record 1.7 million TEUs or nearly 20% higher than a year [...]
Airfreight outlook remains bright to start new year January is normally a slow month for international airfreight, but demand and rates are holding up after the holiday peak season as shippers pull forward orders from China to avoid tariffs and manufacturing delays.
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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