Zero-emission SF Bay Ferry trio will have Wärtsilä electric propulsion Wärtsilä has been selected to supply the electric propulsion system for the three fully battery-electric, high-speed ferries that All American Marine (AAM) is to build for San Francisco Bay Ferry. The zero-emission
Manila Reaches Out to Beijing; Can Dialogue Dampen South China Sea Tensions? As tensions in the South China Sea reach one of their most volatile points in recent history, the Philippines has made a bold overture as it remains open to additional agreements with Beijing to preserve peace, according to its top diplomat. The statement comes amid repeated maritime confrontations, the latest involving a water cannon attack and a direct collision between Chinese and Philippine v
CEVA introduces connection solutions between Far East and Latin America CEVA Logistics expanded its global deep-sea car carrier operations, now offering connections from the Far East to Central and South America via a regular trade lane and spot services. Three additional roll-on, roll-off (RORO) vessels-ranging from 5,500 to 7,000 car equivalent units (CEUs)-will expand the company's finished vehicle logistics (FVL) solutions for the automotive market. The new, regu
How to Plan a Successful Long-Distance Move as a First-Timer The idea and process of a long-distance move can be both intriguing and tedious. In one minute, you're happy, envisioning the new place you're moving to, then in the other, you remember the amount of work you have to do to get there. Pulling a successful move requires adequate planning to ensure everything is set in place for the move and beyond. Below, we'll look at how you can plan a successful
Maersk implements peak season surcharge from Asia to South Africa Maersk will introduce the following peak season surcharge for its shipments from China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan, Cambodia, Laos, Myanmar (Burma), Thailand and Vietnam to South Africa/Mauritius. Origin Destination Currency ALL_20_DRY ALL_40_DRY China / Hong Kong China / Indonesia / Japan / Korea, South / Malaysia / Philippines / Singapore
Maersk, Sotraser introduce electric truck operations in Chile In a move to support the decarbonisation of supply chains across Latin America, Maersk has partnered with local transportation provider Sotraser Chile to introduce electric trucks. Maersk and Sotraser will have available two types of electric trucks: Volvo FH Electric and FM Electric: Equipped with 540-kWh batteries, these trucks boast an impressive range of approximately 300 km per charge. Foton
Cities in Italy That Feel Like Something You've Already Loved Why do some places feel familiar when you arrive-even if you've never been there before? In Italy, certain cities hold that rare power. They echo a feeling, a book you've cherished, a movie that stayed with you, or a dream you didn't realise you had. It's not just the architecture or the food-the emotion woven into the atmosphere. These aren't just destinations; they're memories waiting to happen
The Easy Way to Get a Sworn Translation Need to use your documents in another country? You may be moving, getting married, or applying for a visa. When your papers are in one language, but the people checking them speak another - you need help. We offer sworn translation services. That sounds serious (and it is), but it just means your document is translated by someone officially approved - like a translator with a badge. Let's break i
Rotterdam launches electric hydrofoil vessel pilot The Port of Rotterdam Authority has introduced its first fully electric hydrofoil patrol vessel as part of a pilot project under its fleet renewal programme. The new vessel, Artemis EF-12 Workboat, features cutting-edge hydrofoil technology and has been named RPA ZERO, a nod to its zero-emissions operation. As it gains speed, the vessel's hull rises above the water, reducing resistance and wave i
Front-loading fails to halt sliding profit margins The average operating margin for the leading container carriers fell to its lowest level in four quarters, despite American shippers front-loading to beat hefty tariffs on Chinese imports, according to Alphaliner
Shipping in 2025: Safer Waters, Riskier World The global shipping industry faces a striking paradox in recent months: even as it reports record-low vessel losses, it sails through one of the most volatile and unpredictable operational landscapes in decades
ICTSI's TecPlata integrates bi-train operation ICTSI-owned TecPlata, the operator of the container terminal in Argentina's Port of La Plata, received its first bi-train truck, operated by Yusen Logistics, on May 20. This bi-train operation is a logistics landmark for Argentina, integrating new land transport technology into the port ecosystem. The bi-train, a kind of transport truck with double semi-trailers connected by a central axle, is an
CMA CGM partners with Nike on first fully electric container barge in Vietnam CMA CGM has proceeded with the decarbonization of river transport in Southeast Asia, launching the first fully electric container barge in Vietnam. The project was supported by the construction of a solar-powered charging station at the Cai Mep port, the country's main container gateway near Ho Chi Minh City. As part of this initiative, CMA CGM has signed an agreement with its long-standing partn
Hapag-Lloyd applies US$2,000/box rate increase on North America shipments Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) from the Indian Subcontinent and the Middle East to North America. For cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment, the rate increase will be effective from July 1 and valid until further notice. The German ocean carrier set the GRI at US$2,000 per contain
CMA CGM enhances presence in Vietnam with new terminal project CMA CGM Group signed a partnership agreement with Saigon Newport Corporation (SNP) to develop a new deep-water terminal in Haiphong, northern Vietnam. The deal covers the design, construction, and operation of the Lach Huyen terminals 7&8, located in the Lach Huyen area in Haiphong. The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028. "The project is designed to
US-China tariff ceasefire sees bidding war for chartered vessels Surging transpacific rates resulting from the paused US-China tariff war have reversed the correction in the boxship charter market, as previously relet vessels have been withdrawn to be deployed back to transpacific routes. With mainline operators rushing to add more US sailings, container ship owners are demanding higher premiums as the freight market continues firming. ONE has renewed its hire
European shipping could face mounting peril amid US tariff threats and port chaos The European shipping industry is navigating treacherous waters as a combination of geopolitical volatility, environmental stressors, and operational disruptions converges into a full-blown crisis. How to Get 50% Off CN PREMIUM
GulfNav inks Brooge Energy acquisition deal Dubai shipping firm Gulf Navigation (GulfNav) has officially put pen to paper on a deal to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, involves a transaction worth $871m, of which $125m in cash, and the sale of the assets and subsidiaries of Brooge, including Brooge ...
COSCO books chemical tanker at Wuchang COSCO Shipping Energy Transportation (CSET) has expanded its tanker orderbook with a single chemical carrier newbuilding. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction a 9,200 dwt stainless steel unit at Wuchang Shipbuilding. The deal, worth about $25m is "conducive to optimising the company's chemical ...
BW Offshore swoops on laid-up FPSO Floater specialist BW Offshore has sealed a deal to buy an idle FPSO, calling the acquisition a strategic move to secure a high-quality production asset amid a tightening market with few comparable opportunities available. The Oslo-listed company is adding the 2006-built Nganhurra for an undisclosed sum in a transaction that involves a modest initial payment, ...
Diana Shipping agrees double bulker fixture Greek bulker owner Diana Shipping has secured employment for two of its vessels expected for redelivery this month. The New York-listed company has fixed the 2012-built newcastlemax Philadelphia to Cosco-controlled Refined Success until June 2026 at $21,500 per day, with options through to August 8 of the same year. The 206,040 dwt vessel should start ...
Navigare Shipping seals deal for four mini-bulkers Faroe Islands owner and operator Navigare Shipping & Logistics is bringing in new vessels through a deal for a quartet of minibulkers. The Hojgaard family-controlled company has struck a long-term charter agreement with Briese Schiffahrts and Futurum Shipping for the so-called Groot 5200 XL vessels. "This collaboration marks a major step in strengthening our commercial ...
The floating dead: oversight lags behind the rise of zombie vessels Maritime identity laundering and the rise of so-called zombie vessels have evolved from a niche tactic into a "systemic enabler of large-scale sanctions evasion" with global authorities unable to keep up, according to a new report from Kpler, a maritime analytics platform. "Zombie vessels represent the bleeding edge of maritime deception - combining digital obfuscation ...
Petrobras to add 48 new ships Brazil's state-controlled oil firm Petrobras plans to commission 48 new support vessels, expanding its original target of 44, CEO Magda Chambriard announced. The initiative is part of a BRL118bn ($21bn) investment focused on strengthening Brazil's maritime and offshore sectors. The project is expected to create around 180,000 jobs and includes a mix of platform supply ...
South Korea reveals 1.25 GW offshore wind tender South Korea has officially launched a long-anticipated renewable energy tender, which includes about 1.25 GW of offshore wind capacity, the Ministry of Trade, Industry, and Energy announced. The offshore wind auction, set for the first half of 2025, will maintain the ceiling bid price from last year at 176,565 KRW per megawatt-hour (MWh), equivalent to ...
Maritime losses reach historic low amid rising geopolitical and technological risks: Allianz Allianz's latest Safety and Shipping Review makes a stark warning about the dangers posed to the global merchant fleet by the worsening geopolitical climate. "While still posing major challenges and concerns, traditional causes of maritime losses, such as fires and collisions, have decreased over time. However, geopolitical tensions now pose a substantial threat that could ...
Britoil orders up to eight anchor handlers Offshore support vessel (OSV) owner Britoil Offshore Services has announced a major fleet expansion plan, placing an order for up to eight new anchor handling tug vessels (AHTs) to be built in China. The Singapore-based company has signed a contract with Jiangsu Zhenjiang Shipyard for six firm AHT newbuilds, with options for two additional vessels. ...
World's largest port launches three European green corridor projects The port of Ningbo-Zhoushan in China, the world's largest port in terms of cargo throughput, has announced three initiatives it has undertaken with three European ports - Hamburg and Wilhelmshaven in Germany, and Valencia in Spain - to create green shipping corridors. The ports involved will work with shipping lines, cargo owners, energy providers, research ...
ONE and Hapag-Lloyd line up more than 30 newbuild contracts Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu ships, in a deal estimated to be worth $2.6bn, while ...
PIL's renaissance sees it top the operating margin charts among leading liners Pacific International Lines (PIL) of Singapore, once nearly doomed, is now top of the charts when it comes to operating margins among the world's largest containerlines. Describing the "renaissance" PIL has been through since its majority takeover by Singapore's state-owned investment arm Temasek in 2021, analysts at Alphaliner have crunched the numbers on the company's ...
A new era for shipmanagement? René Kofod-Olsen, the CEO of V., writes for Splash today. Everything everywhere all at once. It's not just the name of an Oscar-winning film but it's also a fitting way to describe the state of the shipping industry today. On one hand, we're grappling with unprecedented complexity, from geopolitical uncertainty and tightening regulations to market ...
What a deal with Iran would mean for the tanker trades The prospect of the United States lifting sanctions on Iran has dominated tanker trade headline all month. Recent developments, including US president Donald Trump's comments suggesting a potential breakthrough in US-Iran nuclear negotiations, have raised expectations of increased Iranian crude exports. Kpler analysts project that a finalised deal could stabilise Iranian crude exports at approxim
How ships will change over the coming decade Nor-Shipping likes to think of itself as the maritime event in the calendar that addresses the future of our industry, and visitors to this year's event will, no doubt, face a barrage of tech pronouncements on how ships will transform in the coming decade. We've been busy this month compiling a magazine you can pick ...
May 2025 Review Donald Trump backed down on his trade war with China, slashing tariffs by 115% for a 90-day period, leading to a huge box freight rate rise on the transpacific as shippers rushed to meet the deadline. The American president claimed on May 6 that after more than 17 months, the Red Sea shipping crisis was ...
Tankers: The spinners The Baltic Dirty Tanker fell 15% over the 30 days to May 25, entirely reversing the 15% increase in the previous 30 day period. The main cause was weakness in the Atlantic, with the most exposed suezmax index falling 45% to $33,280 on May 25, followed by a 39% fall in aframax average earnings to ...
Dry bulk: The drifters As the world waits for a US-China trade deal, it would appear that dry bulk trade is largely flatlining. The Baltic Dry Index looks like repeating last year's performance of being the least volatile year since 1999. FFA traders have been complaining of a lack of volatility in the forward curve. They report a fear ...
Containers: The miracles It is a matter of some amazement to many observers that the container freight market has not collapsed since Donald Trump's Liberation Day announcement on April 2. Six weeks later, the Freightos global average 40 foot container freight rate stands at $2,237 points, some 10% higher than $2,031 on April 4. After Mr Trump's offer ...
Analyst Abstract Tankers The vintage state of the global tanker fleet is leading to severe inefficiencies, with new data showing how many rustbuckets have to spend more time not moving or in ballast. Data from broker Gibson shows 51% of the total tanker fleet of 25,000 dwt and above is aged 15 years and older and 22% ...
Asset values cool Activity in the secondhand dry bulk and tanker markets remained mixed over the past month, with select segments showing resilience despite downward pressure on asset prices. While overall volumes have slowed in the dry bulk sector, tanker sales remain relatively robust in deadweight tonnage terms, reflecting a shift in buyer strategy amid uncertain freight market ...
Are shipyards doing enough to transform shipping? Sporting jeans and a rollneck rather than the standard overalls and helmet of his peers, Kisun Chung, the third generation of the Chung family at the helm of HD Hyundai, South Korea's largest shipbuilder, has for the past few years trekked out to Nevada once a year to speak and exhibit at CES, a high-profile ...
Marfin Management: Navigating the future In a time where decarbonisation, digitalisation, and human capital are transforming maritime shipping, Alex Albertini, CEO of Monaco-based dry bulk outfit Marfin Management, offers his view on the industry's trajectory and challenges and opportunities ahead. Marfin has been at the forefront of embracing forward-thinking models from various decarbonisation initiatives, including alternative fuels
Key Shipping Statistics
Learn from the past to make a brighter future Standing room only for some of the panel discussions at Geneva Dry confirmed that in only its second year, this event is now firmly established in the shipping calendar as a 'must attend'. Having expanded noticeably from 2024's inaugural event, it was not just the numbers that had gone up. In part due to not ...
VLCC rates sink back to January levels but hope persists for summer strength There's nothing unusual about crude tanker rates falling at this time of year. The twist in 2025 is that Opec+...
StealthGas sees 'strong start' to year as fleet casts off debt Chief executive Harry Vafias also hails deleveraged position at spin-off Imperial Petroleum
Greek companies dominate at third ESG Shipping Awards At a gala presentation in Athens, local owners and operators comprised half of the total companies recognised for their ESG...
Bookings data points to strong gain in China-US container flows The volume of cargo being booked in China for delivery to the US is up significantly from recent tariff-induced lows...
Hemexpo: What a difference a decade makes Marine equipment manufacturing and maritime tech are two segments of the Greek cluster that have conspicuously taken strides forward in...
Lomarlabs and BlueNose team up for fuel-saving aerodynamic innovation The project, which was begun at art school in the UK, is latest in growing portfolio of tech collaborations for...
Ammonia is looking more like the future fuel for shipping Latest forecasts from UCL and Umas on the total cost of ownership suggest ammonia will be the cheapest way to...
US port fees force MOL rethink on China LNG carrier orders MOL's cautious stance on shipyard selection highlights how escalating US-China power struggle and geopolitical tensions are increasingly disrupting strategic decisions...
Who are the winners and losers of shipping's decarbonised regulatory future? In advance of Nor-Shipping, Lloyd's List is examining industry attitudes towards carbon risks and opportunities
Annual total losses hit all-time low even as pool notifications continue to climb Fewer hefty payouts for H&M underwriters, but pressure ratcheting up on P&I counterparts
Hapag-Lloyd chief expects full-year box growth despite analyst scepticism Hapag-Lloyd CEO Rolf Habben Jansen remains optimistic about container volume growth in 2025, despite analyst projections of a decline, following...
Turkish tanker operator loses $120m legal battle against Lukoil trading arm Palmali pledges appeal against 'baseless' finding
50 years without Onassis This year marks half a century since the death of Aristotle Onassis. While belonging to another era, his personality became...
Greek cluster puzzle starts to come together There are plenty of reasons to be cheerful about the trajectory of the Greek maritime cluster, but plenty of work...
The Daily View: Underwriting deficits: watch this space
Daily Briefing Russian naval escorts raise stakes in Baltic security stand-off | Cosco hopes US-China talks can defuse looming port fee crisis...
New investment for AI platform signals ongoing surge for logistics venture funding Pallet is building tools to automate functions like data entry, email and web portal integrations across ordering, quoting and tracking in the logistics industry.
Journal of Commerce Rankings: Top 25 US truckload carriers still stuck in low gear The largest asset-based truckload carriers are churning their way through a muddy market bottom extended by economic uncertainty, searching for signs of rising demand.
WiseTech makes $2 billion gamble on overturning complicated software history The company's deal for E2open shows it is betting it can thread the needle between keeping its customers happy while targeting the customers of those customers.
Crew availability 'biggest threat' to multipurpose ship sector A squeeze on the talent pipeline for the MPV and heavy-lift sectors means that competition for crew and captains is set to intensify.
Bontrup bulker uses fuel additive to cut emissions on Pacific climate change mission Dutch operator decarbonising operation to ship stones for vital sea wall in Marshall Islands
Harry Vafias upbeat on LPG market as US propane exports surge to new record Chinese imports recover quickly from initial blow of trade war with Washington
UK P&I Club laments 'significant challenges' after year of record claims High-profile incidents like the Dali collision lead to one of the most expensive years on record
StealthGas buys out minority partner from LPG carrier pair World's largest niche owner of pressurised LPG carriers expects trade flows to normalise after geopolitical upheaval
Russia repatriates seafarers from tanker caught up in US missile attack Moscow says 19 crew members have left Yemen for Jordan
Fierce competition on time charters sees CMA CGM turn to Greek S&P deal French carrier makes Chittagongmax its 12th secondhand purchase of the year
Pelagic Partners makes second tanker asset play as it cashes in on past investments Ship investors Atef Abou Merhi and Niels Hartmann seek to 'crystalise returns' in the tanker segment
Avenir LNG locks away vessel with Excelerate Energy in multi-year deal Ship changes charterer in wake of Jamaican assets sale by New Fortress
Nose jobs for ships: Lomar backs retrofitting of container ships to cut fuel use London-based owner helping start-up BlueNose make vessels more aerodynamic
Tanker market cools as temperatures heat up and Opec controls the thermostat Utilisation and rates have fallen, but if Opec continues pumping oil, countercyclical summer bump could still come
MOL chief Hashimoto fires back at EU over sanctioning of LNG carrier trio Company baffled that its vessels are being bracketed as part of the Russian shadow fleet
Braemar: US motorists driving up demand as product tanker rates rise Shipbroker notes signs of early tightening in petrol markets
Sinokor circulates seven bulkers for sale in potential $160m move South Korean group has been focusing more on tankers this year, after launch of Trafigura tie-up
Norden and Greek owner bank two-year deals in 'mishmash' of a tanker market, brokers say Market observers finding rates hard to pin down for period deals
Trafigura presses Norden tanker into service to fill jet fuel gap TransPetrol ship also made the unusual voyage from France to Puerto Rico after a pause in usual African supplies
Trump policies set to slice over $6bn from container shipping profit US trade stance will erode bottom line of major lines, expert says
Norwegian owners lead the way with green orders as fleet value hits $66bn Veson Nautical examines orderbook trends ahead of Nor-Shipping
Sanctions flurry leaves over half of shadow tanker fleet off the radar Hundreds of dark fleet ships are reportedly still evading sanctions, with only a few dozen on EU, US and UK blacklists
Low-profile German owner Blumenthal linked to modern kamsarmax bulker buy Traditional Hamburg player increases its exposure to big tonnage as Japanese owners reportedly shed kamsarmaxes this week
Hanse Bereederung shipbroker Alex Karydis explains what owners and charterers look for in a deal German shop's chartering boss identifies trend of shorter voyages linked with performance-related rewards
Giant Malaysian offshore and shipping merger still on the cards as talks extend MISC provides rare update on potential tie-up with Bumi Armada
Performance Shipping profit boosted by lucrative aframax sale as tanker rates fall Greek shipowner pushes up first quarter profit in weaker freight market
Frontline's top two bosses handed 'synthetic' cash options tied to share price Lars Barstad and Inger Klemp receive awards to keep their focus on company's equity value
Performance Shipping profit boosted by lucrative aframax sale as tanker rates fell Greek shipowner pushes up first quarter profit in weaker freight market
How major funds are managing shipowners' money to invest in the future Norwegian finance community is there to support shipping's green transition, say money managers
Ship sinking sparks helicopter search to save seafarers adrift at sea Water ingress blamed for loss of the Cong Thanh 07 on Sunday
Insurance veteran and 'Bronx boy' Harold Halpin dies at 82 after 'amazing life' Halpin was credited with building up Lamorte Burns and founding two other firms
Frontline's top two bosses handed 'synthetic' cash options tied to share price Lars Barstad and Inger Klemp receive awards to keep their focus on the company's equity value
Dividends and discipline key to boosting shipping company valuations, Pareto says Norwegian finance house has a couple of ingredients for shipowners wanting a higher stock price
SCI's $1bn newbuilding push underway with first approach to shipyards State-backed shipping giant mulls order for up to six vessels
'Fear and uncertainty' driving up China-US container rates Carriers are pushing for big increases in the Asia-U.S. trade, but it remains to be seen how desperate shippers are to secure capacity, says a Xeneta analyst.
Canada Post parcel volumes drop 50% as labor dispute compounds challenges Canada Post's financial troubles have been compounded by the ongoing labor dispute and the inability to generate more revenue from parcel delivery.
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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