Trump nominates Brent Sadler to be next Maritime Administrator While the exact details of President Trump's plans for the expansion of U.S. shipbuilding and U.S.-flag shipping won't be known until the publication of a much-anticipated Executive Order, what's certain is that
BAE Systems names its best ship repair suppliers for 2024 BAE Systems recently recognized last year's top suppliers to its U.S. maritime business during a Partner2Win supplier symposium in Jacksonville, Fla, at which the company recognized 87 suppliers that supported maintenance, modernization,
New Portuguese Navy offshore patrol vessels will feature integrated ABB solutions The West Sea Shipyard located in Viana do Castelo, Portugal, has awarded ABB a contract to equip six new offshore patrol vessels (OPVs) being built for the Portuguese Navy with an integrated
Global bunker indices rise moderately During the 13th week of 2025, global bunker indices monitored by MABUX experienced a moderate upward movement. The 380 HSFO index rose by US$9.36 to US$502.85/MT, surpassing the US$500 mark. Similarly, the VLSFO index climbed by US$7.71, reaching US$583.58/MT, remaining below the US$600 threshold. Additionally, the MGO index saw a US$10.59 increase to US$766.27/MT. "As of this writing, the market
SC Ports completes $55 million expansion at Inland Port Greer South Carolina Ports has completed a US$55 million expansion at Inland Port Greer, enhancing the state's intermodal connectivity between the Port of Charleston and inland markets. The upgrades include a larger container yard-boosting cargo capacity by 50%-9,000 feet of additional rail for handling longer trains, an expanded chassis lot, and new terminal operations and maintenance buildings. With
AD Ports Group and Oylz Terminals to develop petroleum storage facility at Khalifa Port AD Ports Group, one of the leading facilitators of global trade, logistics, and industry, has signed a 50-year agreement with UAE-based Oylz Terminals to establish a world-class clean petroleum storage facility at Khalifa Port. The project will be developed in two phases, featuring a state-of-the-art 600,000 cbm tank storage facility within the Khalifa Port Logistics Hub. The first phase is set t
Maersk appoints new Area Managing Director/President for Canada A.P. Moller - Maersk (Maersk), a leading integrated logistics company, announced the appointment of Michelle Grose as the new Area Managing Director/President for Canada, effective 1 April 2025. She will be based in Toronto. Originally from the Greater Toronto Area (GTA), Grose brings over 20 years of industry experience, having held key supply chain leadership roles in major global organizations
Saguenay Port's first order brings electric Konecranes harbor crane to Canada The Saguenay Port Authority in Quebec has placed an order for a Konecranes Gottwald ESP.6B Mobile Harbor Crane as part of a new cargo-handling system currently under development. The order was confirmed in the first quarter of 2025, with delivery scheduled for the third quarter of the same year. Located on North America's only navigable fjord, Port Saguenay offers year-round access to north-centr
Europe's Trade Struggles: Tariffs, Geopolitical Tensions, and Shipping Disruptions The global economy is becoming more fragmented and unpredictable, fuelled by escalating geopolitical tensions. Trump's intention to increase tariffs on European goods by 10-20% could significantly heighten trade expenses between the European Union and the United States. A recent report from Economist Impact highlights a shift in global trade from a rules-based system to one dominated by power dyn
Tsakos presses on with fleet renewal Greek owner Tsakos Energy Navigation (TEN) has confirmed market rumours about the sale of one of its oldest suezmax tankers with additional divestment of ageing tonnage potentially on the horizon as part of the company's fleet renewal programme. The New York-listed company said in its quarterly earnings report that a 2009-built unit had been offloaded ...
Burmester & Vogel expands with Laysoft acquisition Boston-based maritime technology company Burmester & Vogel (B&V) has acquired Windows-based laytime calculation software Laysoft for an undisclosed amount. Founded by technology entrepreneur Kingston Duffie, Laysoft, also known as Laytime2000, has gained more than 200 active users in the dry bulk market over the past two decades, notably in the grain and mining segments. B&V ...
Thoresen Thai adds to bulker fleet Thoresen Thai Agencies has bolstered its dry bulk fleet with a supramax purchase on the secondhand market. The Bangkok-based listed owner said in a filing it had acquired an unnamed 2012-built 56,104 dwt unit without disclosing further details. S&P sources suggest the company snapped up Shunzan Kaiun's Pacific Infinity for around $16.85m. Thoresen last bought ...
Ingka, Oxan, and Avapa to develop two floating wind farms off Italy IKEA owner Ingka Investments and French offshore wind developer Oxan Energy have partnered with Avapa Energy on two floating offshore wind development projects in Italy. The projects have the potential to reach a total installed capacity of 2.45GW. The two offshore wind projects will be named Sicily South and Sardinia Northwest. The Sicily South offshore ...
Car carriers in retreat as Trump unveils 25% auto tariffs The US administration confirmed yesterday that it will go forward with the implementation of a 25% tariff on all foreign-built cars, something that is expected to add greater pressure to car carrier rates which have been coming off multi-year highs in recent months. US president Donald Trump said the latest tariffs would come into effect ...
Panama Canal earmarks slot for greener ships The Panama Canal Authority (ACP) is launching a dedicated low-carbon transit slot designed to support and reward its clients' green agenda. Starting October 5, a weekly transit slot will be reserved only for neopanamax vessels that meet specific low-carbon emission requirements. Unlike previous announcements, this slot will not be offered through an auction but through ...
Japan developing green energy-powered offshore data centres A consortium consisting of NYK Line, NTT Facilities, Eurus Energy Holdings, MUFG Bank, and the city of Yokohama has signed a memorandum of understanding to build an offshore floating green data center. With the advancement of digital transformation, an explosive increase in demand for data centers is expected, and large sites are required to accommodate ...
DHT fleet now all Korean-built as US mulls penalising Chinese tonnage DHT Holdings, a pure-breed VLCC owner, has transitioned its VLCC fleet to exclusively Korean-built vessels by offloading its final Chinese-built tanker. Last week, Splash reported that the New York-listed company was selling a 2011-built VLCC with broking sources indicating that the 320,000 dwt DHT Lotus, built by Bohai Shipbuilding Heavy Industry, had fetched nearly $55m. Now, ...
Shipping tackles potential workforce crisis In a move to improve seafarer well-being and tackle worsening labour shortages in the shipping industry, the Global Maritime Forum has launched new guidelines for improving life at sea. The international not-for-profit organisation said that it aimed to use its most recent Sustainable Crewing Guidelines to boost working conditions and alleviate the forecasted shortfall of ...
Newbuild prices forecast to stall this year While there remains potential for a new supercycle in the shipbuilding industry to replace the large number of vessels that were delivered between 2005 and 2010, broker BRS is predicting shipbuilding prices will stall this year with the company's chairman and CEO, Gilbert Walter, suggesting: "Shipyards will suffer from a slowdown in ordering, even as ...
Constellation Oil Services nets jackup deal with Petrobras Brazilian offshore driller Constellation Oil Services has won a contract from compatriot oil and gas giant Petrobras for jackup rig work. The company said it was declared the winner of a recent tender and that the deal was awarded to the Admarine 511 jackup, owned by its commercial partner ADES. The unit shall be used ...
CMA CGM and ABB collaborate on parametric roll algorithm Tech firm ABB and French liner giant CMA CGM are collaborating on a new parametric roll algorithm to improve ship safety with Splash reporting on many container overboard incidents over the years. The solution integrates a theoretical framework developed by CMA CGM into the ABB Ability OCTOPUS Marine Advisory system. Parametric rolling has been a ...
Prysmian, N-Sea team on rapid response maintenance and repair for subsea cables Italian cabling giant Prysmian has signed a seven-year framework agreement with Dutch subsea services specialist N-Sea for rapid response maintenance and repair of submarine cables. This partnership will bring a brand-new solution for submarine cable maintenance and repair to the market. The announcement follows the European Commission's recent request to ensure the safety of critical ...
Industry and academia unite to tackle global shipping challenges at the Massachusetts Institute of Technology Some famous names in shipping have teamed up with one of America's most famous science research institutes to tackle challenges facing global shipping. ABS, Capital Clean Energy Carriers Corp, HD Korea Shipbuilding & Offshore Engineering, Foresight Group, Navios Maritime Partners, the Singapore Maritime Institute, and Dorian LPG are joining forces with the Massachusetts Institute of ...
Hours of unrest Andrew Craig-Bennett provides readers with a history of hours of rest at sea. How much have things changed over the centuries? A few years ago, ships were being pulled up for hours of rest breaches by Port State Control (PSC) officers all the time, everywhere. This was brought on by the International Maritime Organization (IMO) ...
Shipping stocks in the firing line as Trump tariff threats mount The drumbeat of tariff announcements out of the US is weighing on the entire stock market, including shipping equities. Ocean...
MIT-led research will act as 'jet fuel' to drive decarbonisation progress Nuclear technology for shipping among the main focus areas for 'timely' new collaboration
Tanker market still favourable says expanding TEN Recent order for nine shuttle tankers brings fleet expansion programme to largest in company's history
IMO credit trading could see shipping pay to pollute, says Cargill's Dieleman Cargill head of shipping Jan Dieleman has joined the industry chorus calling for a simple carbon levy paired with a...
Greek flag continues to sink despite new digital platform Despite maintaining its image for safety and prestige, the country's flag is continuing to lose ground and now accounts for...
Trump's car import tariffs add to vehicle carrier operator woes EU, Japanese, South Korean and UK production will be most affected by Donald Trump's plans to boost US domestic car...
Russian reefer vessel catches fire off South Korea, injuring six Two Russian nationals were seriously injured during the reported explosion on board the vessel. All 23 crew members were evacuated...
Russia gains more than Ukraine in vague Black Sea deal Announcements relating to a Black Sea ceasefire are remarkably thin on details. What is clear though is this deal -...
Swedish Club brings CoR right side of the line International Group affiliate boosts full-year profit
South Korea to provide labour for small and medium domestic shipbuilders With small- and medium-sized shipbuilders facing a shortage of skilled workers, the government has looked to repeat last year's initiative...
The Daily View: Do nothing and carry on? SanctionsRed Sea RiskDecarbonisation
US files lawsuit for $47m of proceeds from sale of Iranian oil offloaded in Croatia US prosecutors have filed a civil forfeiture complaint for $47m in proceeds from the sale of Iranian oil offloaded in...
Daily Briefing IMO credit trading plan would help China corner green fuel market, UCL warns | Black Sea security situation unchanged after...
Largest US importers finalizing contracts in 'unsettled' trans-Pacific Shippers, carriers and forwarders say uncertainty around consumer demand, tariffs and geopolitical disruptions has produced a wider range of service contract rates this year.
Shrinking US drayage capacity to continue outstripping demand Excess capacity and waning US import demand caused in part by tariff uncertainty could put further downward pressure on drayage pricing in the second quarter.
SC Ports expanding intermodal capabilities to handle growing demand The port authority on Wednesday completed an expansion of Inland Port Greer ahead of the opening of the near-dock Navy Base Intermodal Facility (NBIF) at the Port of Charleston later this year.
Freight futures get second look amid increased risk, trading volumes Ongoing supply chain disruption and a significant increase in trading of container freight futures among speculative investors could accelerate adoption of financial hedging tools among shippers and other physical industry players.
'Vindicated' by Trump, Cosmoship reveals more newbuildings Outspoken veteran owner Nick Savvas opens up on his family's history and plans
ExxonMobil presses pause on LNG bunker vessels in China ahead of port fee hearings Shipbuilders diving in to offer LNGBV designs as sector demand hots up
Shipowners can no longer rely on global rules, warn Greek troubleshooters Chaotic world appears to be calling out for the services of MarDiplo co-founders
Northern Lights agrees CCS project expansion after sealing new deal Capacity to more than triple on back of new Swedish volumes of CO2
'Rogues' gallery of tankers': US chases $47m proceeds of Iranian oil deal Vessels displayed varying degrees of dark fleet behaviour around and after 2022 moves
Tsakos Energy eyes more vessel sales after mammoth shuttle tanker order US-listed firm mulls divestment of 'first-generation' vessels
CoolCo starts $40m share buyback programme after stock slump Board granted CEO Tyrrell and CFO Boots restricted stock units
Excelerate Energy coy on FSRU choices for new Jamaica asset buy Chief Steven Kobos says deal marks 'a significant day' for company
Greek outfit Safbulk makes rare capesize sale as it targets fleet renewal Oldest bulker in the company's fleet is going to Hong Kong-based interests
US automobile tariffs pack more punch than EU charges on China, analysts say Huge number of ships en route to the US carrying vehicles that will become subject to the new tariffs
Scorpio Tankers not the only admirer of DHT Holdings: How Svein Moxnes Harfjeld built a premium price This week's Streetwise takes a look at how Svein Moxnes Harfjeld has built a valuation premium
Russia fears halted crew food supplies for stricken bulker at centre of 'explosive cargo' drama, says UK official Government salvage expert Stephan Hennig tells meeting that cargo blast fears slowed routine shipping operation
World's biggest cement carrier ordered by NovaAlgoma at Chinese shipyard Joint venture will get its hands on methanol dual-fuel ship in 2027
Dangerous cargo removed from stranded MSC container ship as salvage goes on Storage tanks lifted on board the MSC Baltic III to help with fuel removal
Excelerate Energy splashes out over $1bn to snap up New Fortress' Jamaica LNG assets Houston-headquartered regas specialist finally makes its move with Caribbean downstream play
NYK and Monjasa carry out first-ever Panama biofuel refuelling Car carrier takes on B30 blend in the port of Cristobal
Knutsen NYK Carbon Carriers advances LCO2 vessel and floating storage unit designs Pioneering FLSU has potential to be 'game changer' NYK says
Borealis Maritime banks massive profit from selling PSV quartet snapped up in oil and gas slump Christoph Toepfer says company remains positive about offshore market despite asset play involving four ships
Exciting opportunities should also be a 'bit scary', new Klaveness executive says Norwegian group's new digital chief sees a real need for new solutions in shipping
'I love making deals': Greek owner Costas Delaportas breaks into big bulkers DryDel Shipping widens its impressive array of dry bulk activity
LPG player to collaborate with Hengli Heavy on giant ammonia carriers Cooperation aims to help meet worldwide demand for ammonia
Swedish Club boosts cash reserves with 2024 profit Gothenburg-based insurer has focused on building financial strength under leadership of Thomas Nordberg
Japanese authorities ban Imabari Shipbuilding from recruiting overseas trainees Shipbuilder will be unable to hire foreign interns over the next five years
Donald Trump tariffs a 'clear negative' for car carriers as prices set to go up Foreign cars made up roughly one-quarter of all US auto sales last year, analysts said
Japanese authorities ban Imabari Shipbuilding from recruiting trainees from overseas The Japanese shipyard will not be able to hire foreign interns over the next five years
'Right moment': Seanergy Maritime sights bond debut in hot Oslo market CEO Stamatis Tsantanis says potential issue would be another milestone for bulker company
EU ban on Russian LNG cargo transshipment kicks in New measure prohibits use of European terminals for onward shipments, but Russia is moving to alternatives
Thoresen Thai expands fleet with Japanese supramax bulker deal Brokers say Thai owner has paid $16.8m for 2012-built ship
'Strong' legal reasons to seize sanctioned Russian oil tanker, says shipping lawyer Clyde & Co lays out the reasons why German government will feel safe in confiscating Russian oil on suezmax
'Take down barriers': Skuld CEO ready to throw open doors of International Group to India and China Stale Hansen says size matters as he eyes expansion for casualty pooling system but with fewer small players
MIT teams up with ABS, Marinakis and Hyundai to tackle industry challenges Maritime consortium has 'potential to be a global shipping shaper', says ABS CEO
Ingrid Kylstad steps into top job as Klaveness consolidates digital operations Dry bulk expert becomes managing director of expanded Klaveness Digital unit, replacing Aleksander Stensby
Panama Canal offers guaranteed slot to 'net-zero' vessels Preferential treatment coming in October for ships with lower carbon intensity
Japanese giant MOL bullish on outlook of large bulker segment Few newbuildings to be delivered and a large number of existing capesize ships need to dry-dock
Greek nightmare: Spectre of 'China Inc' looms as Beijing and Washington spar Greek shipping and Chinese trade are deeply connected, but tariffs and protectionism could disrupt this balance
Kitack Lim expects 'positive outcome' on upcoming MEPC 83 meeting in April Former IMO chief acknowledges US policy challenges but remains optimistic
Asian methanol market set to cast light on fuels pricing Trades are executed off-screen directly with suppliers, after buyers have found a price they like
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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