Wiernicki to step down from ABS top spot at end of 2025 ABS chairman and CEO Christopher J. Wiernicki is to step down from those positions and retire at the end of 2025. "We have faced many challenges during my tenure, including the pandemic,
APRIL 25, 2025
Trump executive order gives green light for deep sea mineral recovery President Trump yesterday signed an executive order entitled "Unleashing America's Offshore Critical Minerals and Resources." Though the White House has yet to release anything beyond the text of the order, the Department
Odfjell completes first near carbon-neutral transatlantic voyage When we last reported on Odfjell's chemical tanker Bow Olympus, the five-year old vessel had departed the EDR Antwerp Shipyard in Belgium, headed for Houston after being fitted with four 22-meter bound4blue
Major European Ports See Container Gains Despite Trade Turmoil With the United States reimposing sweeping tariffs under President Trump's second administration, European ports and trade officials are bracing for impact-though early assessments suggest the blow may fall hardest on specific sectors and regions rather than across the European Union (EU) as a whole. A recent analysis from the Brussels-based think tank Bruegel paints a cautiously optimistic pictu
Could a potential India-Pakistan conflict affect shipping operations? The specter of renewed conflict between India and Pakistan is once again casting a shadow over regional stability-this time with far-reaching consequences for shipping operations in the Indian Ocean. Following a deadly terrorist attack in Kashmir, India that claimed the lives of at least 26 civilians, New Delhi has announced a suite of diplomatic measures against Pakistan, including the suspensio
OIA Global acquires JF Moran to enhance North American presence OIA Global announced the acquisition of JF Moran, a leading US-based customs brokerage firm. This strategic move enhances OIA Global's trade compliance capabilities, expands its presence across North America, and further strengthens its ability to deliver tailored global logistics solutions. JF Moran brings specialized expertise in customs compliance, Foreign Trade Zones (FTZ), and international
Tariff war spurs surge in Transpacific blank sailings The US tariff war continues to directly affect container shipping operations, as the number of cancelled sailings on the Transpacific trade increased drastically this past week, according to the latest Sea-Intelligence report. Danish shipping data analysts explain: "When we look at the data, it is quite evident that the impact of the trade war has caused many shippers to pause, or outright cancel
Golden Ocean, CMB.TECH ink merger deal Golden Ocean and CMB.TECH NV have signed a term sheet for a proposed stock-for-stock merger that would see Golden Ocean merge into CMB.TECH, creating one of the world's largest diversified listed maritime groups. Under the agreed terms, Golden Ocean shareholders will receive 0.95 shares of CMB.TECH for each share they hold, subject to customary adjustments. CMB.TECH will be the surviving entity,
Port of Helsingborg modernizes operations with Kaleris N4 TOS Port of Helsingborg, Sweden's second largest container terminal, continues to advance its modernization initiatives using Kaleris' N4 Terminal Operating System (TOS). Over the past 1.5 years, the Port has achieved improvements in productivity, streamlined operational planning, reduced bottlenecks and enhanced overall terminal handling efficiency. The Port of Helsingborg handles approximately 275,
World Bank, Bangladesh sign multi-million financing package to enhance trade On 23 April, Bangladesh and the World Bank signed two financing agreements totaling US$850 million to help the country develop the Bay Terminal deep-sea port and modernize the national social protection system to accelerate job creation and inclusive growth. "To remain on a sustainable growth path, Bangladesh must create quality jobs for its population, particularly for the nearly 2 million youth
Hapag-Lloyd introduces GRI from Asia and Oceania to Latin America German ocean carrier Hapag-Lloyd has announced a General Rate Increase (GRI) from Asia and Oceania to Latin America. This GRI will apply to cargo transported in 20' and 40' dry containers, including high cube equipment and 40' non-operative reefers. Hapag-Lloyd's rate increase will apply from 8 May for all destinations, except Puerto Rico and the US Virgin Islands, where the updated rates will be
Samsung Electronics wins US$3.7 million in FMC complaint against ZIM The US Federal Maritime Commission (FMC) on 22 April ruled in favour of Samsung Electronics Asia, which complained about ZIM Line's unfair demurrage and detention charges. Many of these shipments occurred prior to the Ocean Shipping Reform Act, passed in 2022, which created the FMC's charge complaint process. The charge complaint process is designed to resolve disputes quickly and is a resource f
China starts Yangtze River container Ro-Ro shipping link to Africa China has initiated the first river-ocean vehicle cum container shipping route. As part of the Belt and Road scheme, Italian ro-ro specialist Grimaldi Lines is deploying two Container Ro-Ro (ConRo) ships to transport Chinese-made cars and containerised cargoes from Taicang Port along the Yangtze River to Durban, South Africa and Lagos, Nigeria. Chinese authorities said this connection aims to mee
Red Sea Disruptions May Create Strategic Openings for China The ongoing Red Sea crisis has escalated at a pace and scale with far-reaching geopolitical dimensions. US officials have confirmed that Iranian and Russian entities have long supported Houthi targeting capabilities. Recent disclosures now point to Chang Guang Satellite Technology, a Chinese firm, as a new actor allegedly supplying satellite imagery to the Houthis
Japan third in shipowning; Tokyo places fourth globally Japanese vessel owners currently control 12% of the global fleet's deadweight tonnage (DWT), making Japan the world's third-largest shipowning nation. According to Niels Rasmussen, Chief Shipping Analyst at BIMCO, Japan is one of only three countries-alongside China and Greece-where owners hold more than 10% of global DWT capacity. The global fleet, totaling 2.4 trillion deadweight tonnes (DWT),
Wärtsilä inks agreement for Caribbean island decrabonisation Technology group Wärtsilä has signed a decarbonisation services agreement with Aqualectra, the energy utility company of the Caribbean island of Curaçao. The agreement will see Wärtsilä's payments directly tied to achieving key performance indicators: how effectively it maximises renewable energy use, reducing CO2 emissions intensity, lowering costs, and enhancing energy reliability on Curaçao. T
Small parcel exports to be hit by Trump policies Single shipments out of China will be one of the hardest hit industries as consolidation in containers for single parcels will no longer be exempt from duty, and essentially, customs-free shipments will lose that status on 2 May
APRIL 25, 2025
DP World tests hydrogen-powered crane in Vancouver sustainability push DP World has completed initial testing of its hydrogen fuel cell rubber-tired gantry (RTG) crane at the Port of Vancouver. The RTG is now undergoing field testing as DP World assesses the feasibility of electrifying its global fleet of 1,500 RTG cranes. Traditionally powered by diesel, RTG cranes are essential for cargo handling but are significant contributors to greenhouse gas emissions. At DP
Feeder Shipping Surge: How Middle East Is Poised to Lead Next Wave in Short-Sea Container Trade In a rapidly evolving maritime landscape, the Middle East is stepping into the spotlight as a rising titan in the feeder container market. New market assessments indicate that global feeder container operations are on a solid growth trajectory, projected to rise from US$7.8 billion in 2024 to US$11.3 billion by 2034, showing a 3.7% CAGR
Maersk establishes first warehouse facility in France Maersk has announced the opening of a new warehouse facility in France, located in GLP Park Denain (Hauts-de-France). The newly operational 75,000 m² warehouse marks Maersk's first facility of its kind in France. It joins the company's extensive network of over 40 warehouses and distribution centers across 15 European countries, and more than 500 globally. "Our extensive warehousing and distribut
CK Hutchison's earnings highlight necessity of terminals in liner shipping CK Hutchison's port operations experienced an 11% surge in sales in 2024, bringing its revenue almost on par in US dollar terms with Singapore's PSA International, positioning both among the top revenue-generating global port groups. The port operations of Hong Kong-based CK Hutchison, controlled by tycoon Li Ka-shing, generated revenue of HK$45.28 billion (US$5.8 billion) in 2024. In comparison,
US policy set to reconfigure global trading patterns An analysis of the current US trade policy is pointing to major upheavals of supply chains as shippers look for alternative solutions to minimise tariff and Section 301 port fee impacts on costs. Philip Damas, MD, head of supply chain advisors, at Drewry Shipping Consultants said that freight from China and 14 mainly Asian countries is set to fall, from a total of 22 million teu in 2024, by some
Hapag-Lloyd applies PSS from Europe to America German container line Hapag-Lloyd has announced a new peak season surcharge (PSS) for shipments from Europe to America. The surcharge will apply for Canada and Mexico from 15 May and the United States from 25 May. The details for this peak season surcharge are listed below: 20' Containers: US$600 40' Containers: US$900 The PSS will be applied to all dry, reefer and high cube containers. Hapag-Llo
Pakistan halts trade and closes borders with India Pakistan has suspended all trade with India and shut its airspace and land borders in response to sanctions imposed by New Delhi. The measures follow a deadly attack in Indian-administered Kashmir on 22 April that left at least 26 people dead. Despite limited trade between the two countries, maritime data from analytics firm Windward shows that 520 vessel port calls occurred between Pakistan and
Arkas revises Greece-Black Sea service Arkas/Emes Feedering has announced changes to its Greece-Black Sea (GBS) service, according to the latest DynaLiners report. Notably, Bulgaria's Port of Burgas will replace Turkey's Port of Aliaga in the updated rotation. The revised port sequence, served by two 1,500 TEU vessels, will now be: Piraeus (Greece) - Istanbul (Ambarli, Turkey) - Burgas (Bulgaria) - Varna (Bulgaria) - Izmit (Yarimca, T
Maersk drops French port from intra-Med service Maersk has decided to remove the port of Marseille from its intra-Mediterranean SLN service. At the same time, the Danish carrier will swap the order of Valencia and Barcelona in the port rotation. Therefore, the itinerary will be updated as follows: Casablanca (Morocco) - Algeciras (Spain) - Tangier (Morocco) - Mersin (Turkey) - Haifa (Israel) - Alexandria (Egypt) - Valencia (Spain) - Barcelona
Gulftainer hits record 2 million TEUs in landmark year Gulftainer, a global supply chain and logistics solutions provider, has announced growth and significant achievements for the year 2024. The company achieved a record-breaking 2 million TEUs, underscoring its major role in container handling across the Middle East and beyond. Additionally, the Group continued to expand its reach, handling 5.5 million tonnes of non-containerised cargo, enhancing i
CMA CGM gains control of South America's largest container terminal CMA CGM Group has confirmed the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities. The transaction was completed at a price per share of BRL 13.60 (around US$2.40). As a result of this move, the French shipping company now holds a 51% stake in Sa
PIL christens new LNG dual-fuel container vessel Singapore-headquartered Pacific International Lines (PIL) has named its first 8,200 TEU LNG dual-fuel container ship, Kota Oasis. The vessel was named by Cindy Chang, wife of Peter Chang, PIL's Deputy Chairman, at a ceremony held at the Yangzijiang Shipbuilding yard in China. Kota Oasis is the first in a series of four 8,200 TEU LNG dual-fuel container vessels (designated as "O" Class) ordered by
Emirates Shipping Line becomes member of World Shipping Council Emirates Shipping Line (ESL) has joined the World Shipping Council (WSC), which represents over 90% of global liner shipping capacity. Established in 2006 in Dubai, United Arab Emirates, ESL has since expanded its presence to 30 countries, operating over 70 offices worldwide. ESL will be represented on the WSC Board by the company's CEO, Till Ole Barrelet, who stated: "We are committed to being p
Stolthaven Terminals, Rönesans Holding to jointly develop new terminal in Türkiye Stolthaven Terminals partners with Rönesans Holding on the development of a new terminal in Ceyhan, Adana, Türkiye. The facility is part of a large-scale new development, valued at US$2 billion, that also includes a polypropylene (PP) production plant - which Rönesans Holding will develop separately - with an expected annual production capacity of 472,500 metric tons. Stolthaven Terminals and Rön
Port of Oakland sees surge in Q1 container throughput The Port of Oakland closed the first quarter of 2025 on a strong note with total container volume rising 7.2% year-on-year to 217,415 TEUs. That performance brings first-quarter throughput to 601,527 TEUs-an increase of 6.3% year-over-year. "As we close the first quarter, we're encouraged by the steady growth in cargo volume," confirmed Port of Oakland Maritime Director Bryan Brandes. "At the sam
Yinson Production secures $100m financing deal Singapore-based floater owner and operator Yinson Production has successfully structured and arranged a standby letter of credit and guarantee facility of $100m. The company added that the three-year facility, with options for extensions, expands Yinson Production's "strategic financing toolkit to support the continuous growth" of the company. According to the Singapore firm, the agreement for ...
S&P Global buys Orbcomm's ship tracking business S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm's AIS vessel tracking technology has for many years been utilised for supply ...
SIPG arm books LNG bunker newbuild at Jiangnan Shanghai Port Group Energy has booked an LNG bunker vessel newbuilding at Jiangnan Shipyard. The business unit of Shanghai International Port Group (SIPG) has signed up for a 20,000 cu m unit, scheduled for delivery in the first half of 2027. The vessel, contracted for an undisclosed sum, will feature three twin-ear C-type tanks, equipped ...
ZIM ordered to pay Samsung $3.7m for US demurrage violations Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in "unreasonable practices, retaliation, refusal to deal, and improper invoices for ...
N-Sea hired for Irish Sea offshore wind farm cable repair Dutch subsea services specialist N-Sea Group has been awarded a contract to repair one of the four cables that connect the Gwynt y Môr offshore wind farm in the Irish Sea to the National Grid. The offshore wind farm has a capacity of 576MW and is located off the coast of Wales. The wind farm ...
More US states looking to protect shores from Trump's offshore drilling Rhode Island senator Sheldon Whitehouse and congressman Seth Magaziner are leading a bipartisan group of senators to ban offshore drilling along the coast of New England. New England consists of Maine, Vermont, New Hampshire, Massachusetts, Connecticut, and Rhode Island. All of the states have representatives supporting the bill except Vermont. The New England drilling ban ...
Geneva Dry Dialogues: GeoServe With so many digital solutions out there, the challenge isn't just technology-it's integration, usability, and execution, says Alok Srivastava, the managing director of GeoServe, a voyage management solution, days ahead of his visit to Switzerland to attend Geneva Dry, the world's premier commodities shipping summit. "Most tools solve just one problem, leaving operators juggling multiple ...
UK government investing $400m to strengthen offshore wind supply chain The UK government will invest £300m ($400m) through Great British Energy to strengthen the country's offshore wind manufacturing capabilities and supply chains. The investment is expected to directly and indirectly mobilise billions in additional private investment, helping de-risk clean energy projects, supporting thousands of jobs, and revitalising the UK's industrial heartlands. The public inv
D'Amico Fratelli seals a premium with LR2 sale Italian owner D'Amico Fratelli, a family-run firm independent of the larger d'Amico Group, has let go of a 2009-built LR2 tanker for a premium. The Mare Nostrum, now named Mare, is the first Japanese-built LR2 sold this year. The Mare is now part of Turkey's Cape Gemi fleet. The110,500 dwt, Mitsui Ichihara-built vessel changed hands ...
World's second-largest owner opens Washington office In a sign of the times, Japan's Mitsui OSK Lines (MOL), the world's second-largest shipowner, will open a new office in Washington, DC. "As global challenges continue to evolve-ranging from geopolitical uncertainties and stricter environmental regulations to increasingly intricate supply chains-strengthening cooperation with governments and international organizations has become more crucial than
Wiernicki to step down at ABS One of the best-known names in the business of ship classification is to stand down at the end of the year. ABS chairman and CEO Christopher Wiernicki after leading the American classification society for the past 12 years, having taken over from Robert Somerville in 2013. Prior to joining ABS in 1993, Wiernicki was president ...
Updated oil tanker charter party launched BIMCO and the Association of Ship Brokers & Agents(ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The updated version of the voyage charter party addresses changes in the tanker trade, commercial practices and regulations since its last revision. The original edition of ASBATANKVOY has become outdated since it ...
SSY appoints former Clarksons exec to lead digital transformation Shipbroker SSY is trumpeting the appointment of a high-profile name as its chief information officer, a newly created role within the organisation. Richard White has moved to SSY after a career that has seen him hold board level positions at Clarksons, co-founding chartering platform Sea, and most recently working at GT Maritime and Onyx Capital ...
APRIL 25, 2025
Taylor Maritime offloads 11 ships London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet by August this year, bringing ...
Petronas Carigali hands out offshore structural maintenance deal Malaysian oil company Petronas Carigali has awarded a contract for the provision of splash zone structural repair and maintenance services to a subsidiary of compatriot service provider Steel Hawk. Steel Hawk subsidiary, Steel Hawk Engineering, won a three-year deal from Petronas Carigali for work across Peninsular Malaysia and Sarawak assets. Work under the contract is ...
Wan Hai ups 16,000 teu newbuild series in South Korea Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at HD Hyundai cost between $186.5m and $204m per ship, ...
Nantong Xiangyu bags order for China's largest electric cable layer Nantong Xiangyu Shipbuilding & Offshore Engineering has signed a construction deal for a pure electric-powered cable laying vessel with Zhongtian Technology's Shanghai Yuanwei Construction Engineering. The vessel is 139.8 m long and 38 m wide and was developed by the Marine Design and Research Institute of China. The vessel is touted as the largest self-propelled, ...
IMS snaps up Teekay tanker Buyers behind recent LR2 sales are starting to surface. New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed party for an undisclosed price, with delivery set for the first quarter of 2025. The 105,000 dwt vessel, built by Hyundai Heavy, is now renamed Anemoni and joins the fleet of ...
Azerbaijan partners with China on Caspian offshore wind project Azerbaijan's Ministry of Energy has signed two agreements with Chinese firms for the construction of an offshore wind energy project in the country. The first agreement, signed with China Energy Overseas Investment, entails the evaluation, development, and implementation of an offshore wind energy project in Azerbaijan. A second agreement, signed by the Ministry, SOCAR Green, ...
New US policy to boost Gulf of Mexico oil production The US Department of the Interior has introduced a new policy which will see increased pressure differential during downhole commingling boost offshore oil output in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement implemented new parameters for downhole commingling in the Paleogene (Wilcox) reservoirs, expanding the allowable pressure differential from 200 psi ...
World's largest car carrier sets sail from China The world's largest car carrier has left a yard in China on its maiden voyage to Brazil. The 9,200 ceu BYD Shenzhen pips Höegh Autoliners' Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD's growing fleet with another two ships set to start trading ...
Norden claims world-first voyage using drop-in biofuel from a carbon-negative process Danish shipping giant Norden is celebrating what it claims is a world-first, completing a voyage from Singapore to Brazil using biofuel from what it claims came from a carbon-negative process. A Norden vessel used 65 tonnes of fuel blend with 20% MASH Makes biofuel in its auxiliary engine. MASH Makes biofuel is produced by heating ...
FMC awards Samsung Electronics America $3.7m in demurrage suit against Zim 'The parties thoroughly litigated the case,' concluded chief administrative law judge Erin Wirth in her initial decision awarding SEA $3.7m...
No relief for transpacific trade despite talk of lower China tariff Trump has already backtracked on reciprocal tariffs on all countries but China, on Mexican and Canadian goods covered by existing...
New tanker player Venergy Maritime eyes 'step-by-step' growth The shipping offshoot of Vyron Vasileiadis-led V Group has just agreed to acquire a first pair of modern product tankers
Decarbonisation now depends on one key detail The IMO net zero framework still leaves many unanswered questions. But its yet-to-be-defined lifecycle assessment guidelines for ranking and rewarding...
Samsung Heavy posts $85m operating profit in first quarter Quarterly results show growth year on year, but declined from the previous quarter
Hague and Hague-Visby verdicts vary by country, Gard warns Lawyer for marine insurers sets out considerations for carriers
Panama's expedited sanctions purge a boon for Guyana's fraudulent registry Since October 2024, there have been 135 vessels directly eligible for registration cancellation because of sanctions, 73 of these have...
Bulk carrier asset values rise on improved sentiment From February, a robust upward trend in dry bulk freight rates provided a boost to secondhand vessel values
Global steel production up for first time in 2025 Growth in Indian steel production has seen seaborne iron ore exports from the country fall, affecting the supramax segment
US trade policies expected to push container shipping demand into decline Increasing overcapacity will only add to trade war pain
Antwerp overtakes Rotterdam in first quarter of 2025 The Port of Rotterdam cited bad weather and a walkout at one of its terminals as reasons why it slipped...
Marine MGA Amphitrite increases war capacity Managing general agent adds $40m of Lloyd's capacity to support growth
The Daily View: An evolving risk landscape
ABS chief Christopher Wiernicki announces retirement ABS chief executive and chairman Christopher Wiernicki will retire at the end of 2025 after 14 years at the helm. He...
Daily Briefing IMO carbon price not a done deal industry warned | Revised US port fee plan leaves important questions unanswered, lawyers...
APRIL 25, 2025
Most shipping lines can avoid US port fees but Cosco faces major challenge Container lines would have had no choice but to pay enormous US port fees under the draft proposal. The final...
Flag hopping hits unprecedented levels among sanctioned fleet There have been 215 flag changes recorded this year alone
Liquidity, diversification, opportunity - Golden Ocean ticked a lot boxes for us, says Saverys CMB.Tech's ambitious chief executive Alexander Saverys explains why wrestling two of John Fredriksen's flagship companies away from the veteran mogul...
EU to demand insurance information in its waters Amendments to its Vessel Monitoring Directive were described as a 'targeted measure' to 'enhance the preparedness of the EU's coastal...
After Trump's first 100 days, shipping can see the outlines of the next 1,000 US-flag tonnage is already more protected than its equivalent in any other rich country. It's just about to get more...
Taylor Maritime unveils deals to shed 11 more bulkers Disposals partly triggered by geopolitical uncertainty and Trump trade policy, says London-listed owner
Wan Hai Lines boosts big boxship orderbook in South Korea Two vessels each contracted from HD Hyundai Samho and Samsung Heavy Industries for delivery in 2028
State-owned Xiangyu to restart bankrupt yard, boosting capacity by 50% The bankrupt yard is to reopen by mid-2025, focusing on bulk carriers, chemical tankers and offshore units
Ferry crew member killed in Patras port accident Investigation opened into how woman was fatally injured by truck during disembarkation
CMA CGM closes Santos Brasil acquisition CMA CGM gains regulatory approval to acquire controlling share in Santos Brasil, which owns South America's largest box facility
Global uncertainty holding back vessel investment, says Wärtsilä chief executive A mixture of decarbonisation regulation, tariffs and USTR port fees has created considerable uncertainty in the shipping industry, and it's...
BIMCO and ASBA update model tanker charterparty after nearly 50 years New York named as default arbitration venue
Höegh Autoliners prepares for hit from USTR port levy Höegh Autoliners chief executive Andreas Enger estimates cost of proposed USTR port fees to the company of up to $70m...
HD KSOE first-quarter operating profits surge on improved deliveries Productivity improvements, which have accelerated since 2024, bring forward delivery schedule
The Daily View: Shifty shades darker SanctionsRisk and ComplianceTankers and Gas
Daily Briefing Panama's expedited sanctions purge a boon for Guyana's fraudulent registry | Decarbonisation now depends on one key detail | Hague...
De Maria elevated to lead USMX after his work on new ILA contract F. Paul De Maria will become the new CEO of the group representing ocean carriers and marine terminal operators at East and Gulf coast ports.
FMC judge awards Samsung $3.7 million from Zim in billing dispute The award is less than the electronics giant sought in its complaint against Zim over detention and demurrage billing, a case that saw the judge chide Zim's billing practices.
Breakbulk25: Container shipping faces rising likelihood of US recession: analyst S&P Global's Flash PMI for April, released Thursday, shows that economic output in the developed world hit its lowest point since 2023, boding poorly for container growth this year.
Knight-Swift, Union Pacific brace for West Coast volume downturn The companies say it's important to be agile with capacity deployment if there is a significant decline in volumes crossing the docks at Los Angeles and Long Beach amid the trade conflict with China.
Tariff uncertainty disrupting timeline for trans-Pacific service contract talks Carriers and importers are dealing with confusion over how tariffs in general, and the trade war between Washington and Beijing specifically, will affect commerce on the US' busiest trade lane over the next 12 months.
Kuehne + Nagel's financial crystal ball clouded by US tariff disruption US tariffs on China and the 90-day pause on tariffs imposed by Washington on a host of other countries made it difficult to assess how the market would develop this year, according to the forwarder's CEO.
Fallout from US-China trade war to depress trans-Pacific volumes: Drewry The analyst downgraded its container handling outlook following similar moves on global and US economic growth by the IMF and WTO this week.
APRIL 25, 2025
CMA CGM becomes majority shareholder in Santos Brasil terminal operator The flagship of Santos Brasil is Tecon Santos, the largest container terminal in South America with a capacity of 2.5 million TEUs that will soon be expanded to 3 million TEUs.
Breakbulk25: Trade policy headwinds haven't dampened all optimism Shippers and service providers say much of the project cargo industry dodged a bullet with the latest US fee proposal targeting Chinese-built ships.
Breakbulk25: Capacity-limited MPV operators reconsider fleet expansion The unknowns surrounding US tariffs and proposed fees on Chinese tonnage is forcing ship owners to take a wait-and-see approach to ordering new vessels.
Breakbulk25: Logistics managers push adaptability amid market turmoil Speakers at the conference in New Orleans agreed that recent volatility has yet to significantly slow projects or investments in the project cargo sector.
Indian air cargo braces for disruptions amid looming upgrade project at Mumbai The closure of freighter slots at the airport beginning in August is expected to last several months because of an estimated $1 billion investment plan launched by port operator Adani Airport Holding.
Wan Hai orders four 16,000-TEU ships amid expansion of long-haul network The latest deals will increase the total number of methanol-enabled ships Wan Hai has on order to 32, worth a total of almost $5 billion.
Breakbulk25: Shipping industry faces rising likelihood of US recession: analyst S&P Global's Flash PMI for April, released Thursday, shows that economic output in the developed world hit its lowest point since 2023, boding poorly for container growth this year.
TechnipFMC lifts subsea contract backlog to $14.9bn as order flow grows Addition of $2.8bn in inbound subsea contract orders comes as more opportunities loom
BlackRock trims Genco Shipping stake below 10% mark World's largest asset manager remains at the top after Berge revelation
Wan Hai adds to South Korean newbuilding tally with order for 16,000-teu dual-fuel quartet Samsung Heavy Industries and HD Hyundai Samho to divide the spoils of $800m order
'We don't believe in pure-play anymore': Alexander Saverys bangs diversification drum after megamerger CMB.Tech and Golden Ocean bosses explain the attraction of young capesize fleet and the importance of having more than one leg to stand on
VLCC owners enjoying Opec production hikes in 'pivotal week' for big tankers Largest crude oil tankers resumed their pre-Easter rally
Fortescue boss Andrew Forrest calls on Saudi Arabia to take leadership role in decarbonisation battle Iron ore boss hails IMO greenhouse gas deal and courage shown by Brazil and China
Zim ordered to pay $3.68m to Samsung in demurrage dispute Decision lays down benchmark for similar disputes during Covid era
Capesizes rates bounce back on ore and coal fixes in the Pacific Earnings see 10% weekly gains as miners enter market
'Fatal flaw': FuelEU Maritime and EU carbon trading cancel each other out, broker says Alibra Shipping examines loopholes in European decarbonisation regimes
'I'd love to be able to pitch tankers.' Is the investment window open for VLCC giants? This week's Streetwise takes a look at investors' nuanced approach and Evercore ISI's most bearish tanker take in three years
Advantage Tankers orders rare LNG-ready VLCC double at Hanwha Ocean Swiss owner confirms deal for ships to be delivered in 2027
As S&P 500 tumbles on recession fears, can investors ride a new wave with tanker giants? This week's Streetwise takes a look at investors' nuanced approach and Evercore ISI's most bearish tanker take in three years
Billionaire's superyacht crew collects millions after winning battle over tanker sinking Three seafarers from the Utopia IV will bank total of $2.88m
Norden capesize carries out 'world's first' voyage using 'carbon-negative' biofuel Danish owner used blend made in India from cashew nut shells for voyage from Singapore to Brazil
Crew members awarded damages after billionaire's yacht sank product tanker off US Three seafarers from the Utopia IV will bank $2.9m following 2021 crash
US tariffs to slam brakes on car carrier demand, analyst warns Slowing demand and fleet growth will hit spot rates, then contract terms
Viking Line loss widens as demand falls amid 'significant uncertainty' CEO sees improved demand in second quarter
SIPG unit orders LNG bunker vessel from Jiangnan Shipyard SIPG Energy will take delivery of the vessel in the first half of 2027
Underwriter battles drive down insurance costs for tanker owners Baltic Exchange data suggests bulker owners have to pay more to cover vessels over the last 12 months
North Sea disaster a wake-up call for role of fatigue in ship safety Nautilus International secretary general says the major casualty highlights and important issue in a tragic way
Chevron chartered Venezuelan tanker fleet on hunt for spot business after permission to load revoked Vessels booked to export crude to the US are seeking alternative employment
Union Maritime turns 50-ship orderbook into clean fuels lab few dare to build Global trade uncertainties will not detract from drive to transition fleet, argues Laurent Cadji
'Cooperation crucial': giant owner MOL setting up base in Washington DC Japanese group wants more access to the 'centre of global policymaking'
Nikolas Pateras container ship sale revealed amid glowing Contships credit report Clarksons Securities expects feeder ship owner to easily repay its debut five-year Nordic bond
ABS chairman and CEO Christopher Wiernicki to retire at end of year Current ABS president and COO John McDonald will replace him
SIPG unit orders LNG bunker vessel from Jiangnan Shipbuilding SIPG Energy will take delivery of the vessel in the first half of 2027
Behind closed doors: How seafarers put the squeeze on shipowners in landmark pay deal Hardball talks see seafarer unions extract concessions from employers and governments
Suezmax spot rates rise to 15-month high but 'headwinds emerge' in Atlantic market Signs suggest second 10-day chartering window in May may not see bumper rates
How Singapore-based start-up aims to become the world's largest supplier of bio-LNG Staffed with a host of gas shipping heavy-hitters, Straits Bio-LNG plans to begin supplying the global fleet in late 2027
APRIL 25, 2025
Wavelength Podcast: Swallowing Golden Ocean Plus, why car carrier operators are shocked by US tariffs and seafarers get a bit of good news
Trump orders US officials to fast-track deepsea mining, stoking environmental debate Howard Lutnick and Doug Burgum to expedite permitting and licencing
Dubai mourns 'pivotal' player in emirate's rise as a maritime hub Former head of Drydocks World and Gulf Navigation died unexpectedly, close sources say
CMA CGM defies quiet period charter market to lock in container ship for two years Ernst Russ ship secures lucrative deal in the Mediterranean while limited activity focuses on shorter periods
Tsantanis says bulker market 'unstoppable' as Seanergy sails on despite US-China turmoil US-listed shipowner's CEO dismisses impact of US port fees on capesize operations
Trump tariff friction could dent bulker demand, warns Taylor Maritime London-listed owner sees mixed signals in volatile markets
Clients seek clarity on interaction between IMO and EU fuel rules, Reed Smith's Austin says Transport partner says new global net-zero framework will not override FuelEU Maritime or EU carbon levy
Norden hikes profit forecast as vessel sales pay off Copenhagen-listed shipowner and operator adds $30m to forecast of 2025 bottom line
Taylor Maritime cashes in 11 bulkers amid US port fee uncertainty London-listed handysize specialist said it took advantage of improvements in sentiment to cut debt through disposals of Japanese tonnage
Hoegh Autoliners goes long on cargo and snaps up needed tonnage in charter market Cido Shipping-managed deal one of two needed to carry contracted cargoes
Hoegh Evi and Wartsila unveil world's first floating ammonia-to-hydrogen cracker Finnish and Norwegian groups say breakthrough will scale up clean energy production
CMA CGM to buy the largest container terminal in South America Carrier gets green light from regulators to complete takeover of Brazilian terminal
Hoegh Autoliners goes long cargo and snaps up needed tonnage in charter market Cido Shipping-managed deal one of two needed to carry contracted cargoes
Vessel sale boosts Hoegh Autoliners' bottom line as it eyes more charters Norwegian owner and operator not feeling heat from Washington yet
S&P dealmaking requires just these two elements, according to bulker boss Stamatis Tsantanis Relationships still matter in shipping, explains CEO of Seanergy Maritime and United Maritime
Regional Container Lines splashes out $370m on container ship newbuilding quartet Thai owner spends $250m for 11,000-teu brace and $120m for two smaller vessels
Africa's biggest refinery said to have halted loadings of oil products and LPG Reason for suspension of petrol, gasoil and gas operations at Nigeria's Dangote plant unclear
China's biggest cable-layer to be built at Nantong Xiangyu Deal for 16,000-dwt ship adds to ZTT Group's fleet of three cable/heavy lift units
Vale sees first-quarter profit fall on lower ore prices Ore shipments down quarter on quarter, miner says
China's biggest cable-layer to be built at Nangtong Xiangyu Deal for 16,000-dwt ship adds to ZTT Group's fleet of three cable/heavy lift units
'Pivotal' player in Dubai's rise as a maritime hub dies Former head of Drydocks World and Gulf Navigation died unexpectedly, close sources say
EU targets shadow fleet with insurance demand European Commission backs new rule to force ships to report insurance details while passing through EU waters
Hoegh Autoliners not sweating 'worst case scenario' $60m costs on US port fees Company said it intends to work with customers to lower impact as fee implementation nears
Sanctioned Russian insurer among quartet applying to India to join P&I approved list India has increased imports of Russian crude after a lull earlier in 2025
Tanzanian register disowns ships seized by Iran in fuel smuggling crackdown Flag state says vessels intercepted this week in Middle East Gulf were no longer on its books
Female seafarer dies after being crushed by a truck on a passenger ferry in Greece Presumed accident took place at port in the city of Patras
Ships seized by Iran in smuggling crackdown disowned by flag state Flag state says vessels intercepted this week in Middle East Gulf were no longer on its books
Hoegh Evi and Wartsila unveil world's first floating ammonia-to-hydrogen cracker Finnish and Norwegian groups say breakthrough will scale up clean energy production
Clarksons Securities questions CMB.Tech post-merger value Analysts have a more cautious view on bulkers and chemical tankers following tie-up
Vessel sale boosts Hoegh Autoliners bottom line as it hunts ship to charter in Norwegian owner and operator not feeling heat from Washington yet
Avance Gas expects to delist by July as shareholders bank $436m from fleet sale Special shareholder meeting next month will rubber-stamp the end for John Fredriksen's former VLGC company
S&P deal-making requires just these two elements, according to bulker boss Stamatis Tsantanis Relationships still matter in shipping, explains CEO of Seanergy Maritime and United Maritime
Swire Shipping makes South Pacific biofuel switch Singapore-based company to use B24 and B30 2nd generation biofuel blends on three vessels
Malaysian bunker supplier TMD Energy lists on NYSE American Bunker supplier is first Malaysian company to list on NYSE, and will pursue M&A opportunities
Dubai mourns death of shipping veteran Khamis Juma Buamim Former head of Drydocks World and Gulf Navigation died unexpectedly, close sources say
Fuel supplier World Kinect sees bunker earnings slump on lower prices and 'market uncertainty' Bunker sales volume dips as segment gross profit declines 36%
Tidewater executive pay rises as Quintin Kneen nears $5.9m compensation Shareholders poised to vote as offshore vessel giant points to financial metrics for pay bumps
Trans-Pacific container rates stable as trade war rages Container rates on key trans-Pacific routes have yet to feel the full effects of the Trump trade war choking off China imports.
UPS inks $1.6 billion deal for Canadian health care logistics provider UPS is expanding its precision logistics capabilities in the pharmaceutical and life sciences sectors with an agreement to purchase Andlauer Healthcare Group in Canada.
APRIL 25, 2025
Drewry: Global container volumes to drop 1% on Trump tariffs Global container traffic is forecast to fall 1% in 2025 due to U.S. tariffs and trade policies, analyst Drewry says, only the third decline in its forecast history.
Chief negotiator on union longshore pact to lead USMX F. Paul De Maria, chief negotiator for the United States Maritime Alliance in contract talks with the International Longshoremen's Association, is the new CEO of the port employers' group.
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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