CS Anthem replaces Stena Immaculate in Tanker Security Program Crowley Stena Marine Solutions, the joint venture between Crowley and Stena Bulk, has received approval from the U.S. Maritime Administration (MARAD) to operate the CS Anthem tanker under the Tanker Security Program.
Kalmar updates regional reporting structure Kalmar has announced changes to its regional reporting structure, effective 1 October 2025, as part of its Driving Excellence initiative and ongoing growth strategy. The company will now report its geographical areas as APAC (Asia-Pacific), EMEA (Europe, Middle East and Africa), and Americas. The Americas region remains unchanged, while the previous areas of Europe and AMEA will be reorganized in
DHL eCommerce completes strategic investment in AJEX DHL eCommerce has finalized its minority stake acquisition in AJEX Logistics Services, a leading GCC supply chain company owned by Ajlan & Bros Holding Group. The deal strengthens DHL's expansion into Saudi Arabia's fast-growing parcel market and supports AJEX's regional growth. The partnership aims to tap into double-digit e-commerce growth under Saudi Arabia's Vision 2030. Founded in 2021, AJEX
KWE Singapore to rebuild headquarters warehouse Kintetsu World Express (KWE) announced that its Singapore subsidiary will reconstruct its headquarters warehouse in Changi South, with completion targeted for fiscal year 2027. The facility, strategically located near Changi Airport, has supported KWE Singapore's operations since 1996. The new warehouse will expand both capacity and functionality, strengthening the subsidiary's role in airfreight
PFL to implement GRI on Australia & New Zealand-Papua New Guinea trade Pacific Forum Line (PFL) has announced a General Rate Increase (GRI) on cargo moving from Australia and New Zealand to Papua New Guinea, effective 1 October 2025. The adjustment comes in response to rising operational costs and significant investment in new reefer and dry equipment. The revised rates are as follows: USD 200 per 20' Dry and 20' Reefer USD 400 per 40' Dry and 40' Reefer The post a
Operations begin at phase two of Dublin Port's Terminal 4 RoRo depot Dublin Port has opened Phase Two of its new Terminal 4 (T4) RoRo depot, adding 160 trailer spaces and boosting capacity by more than 100,000 truck movements annually. The €11.7 million investment reflects the port's strategy to expand its unaccompanied RoRo trade, which now accounts for around 75% of all RoRo freight. T4 will be operated by Doyle Shipping Group (DSG), supporting cargo movements b
Port Houston achieves double-digit growth Port Houston recorded one of its strongest months on record in July 2025, as container volumes surged by 21% year-on-year, reaching 392,829 TEUs. The milestone pushed year-to-date totals to 2,562,506 TEUs, representing a 6% increase and marking the fastest pace of growth in the Port's history. July's performance was driven by robust increases in both imports and exports. Loaded imports rose 19%,
MABUX showed a moderate upward trend At the close of the 35th week, the global bunker indices . The 380 HSFO index rose by US$ 8.97, to US$ 461.40/MT, surpassing the US$ 460 mark. The VLSFO index gained US$ 10.63, nearing the US$ 550 threshold. Meanwhile, the MGO index advanced by US$ 12.68, climbing US$ 764.18/MT, crossing the US$ 760 level. At the time of reporting, the global bunker market displayed no pronounced dynamics. The MA
CMA CGM to launch KILIMA service CMA CGM will launch its new KILIMA service in August 2025, offering a direct weekly connection between the Far East and East Africa, including Kenya, Tanzania and the Indian Ocean islands. The first call at Mombasa is scheduled for August 24. The service will provide: Direct links from China to Kenya and Tanzania. Full Asian port coverage via Singapore transshipment. Colombo calls to connect carg
Carriers seek to deny and defy economic gravity Softening demand with overcapacity, is a recipe for flat rates it is the economic law of gravity, yet carriers are still looking to talk up the market even as newbuildings flood into a crowded space. This week consultancy Linerlytica reported that to rebalance the container shipping sector there would need to be a demolition programme that crammed the last 25 years worth of vessel scrapping into
COSCO SHIPPING Ports reports strong results for H1 2025 COSCO SHIPPING Ports Limited, a global leader in port logistics services, has reported solid growth in its interim results for the six months ending 30 June 2025. The company achieved a total throughput of 74.3 million TEU, up 6.4% year-on-year, while equity throughput rose 3.8% to 22.88 million TEU. Revenue increased 13.6% to US$806 million, supported by a 13.1% rise in profits from joint ventur
Turkey's maritime blockade reshapes Eastern Mediterranean shipping Turkey's escalating maritime restrictions on Israeli shipping could fundamentally reshaping trade routes across the Eastern Mediterranean, forcing Israeli companies to rapidly develop alternative supply chains while inadvertently boosting competing regional ports. The comprehensive ban, which President Recep Tayyip Erdogan describes as "a new sanction" over Gaza, prohibits Israeli-flagged or Isra
Port of Auckland delivers record profit The Port of Auckland has reported a record underlying net profit after tax of US$85.4 million for the year ended 30 June 2025, a 55% increase on last year's US$55.2 million. Revenue rose to $393 million, up from US$339 million in FY24. Statutory NPAT reached $90.8 million, including US$5.4 million in one-off revaluations and related items. In recognition of this performance, the port declared a f
ABP appoints senior commercial leaders Associated British Ports has announced senior appointments within its commercial leadership team, designed to sharpen its customer focus and drive growth across its Humber and Wales & Short Sea Ports business regions. Lex Hanham has been appointed Head of Commercial for WSSP, where she will lead the commercial team responsible for delivery across 16 of ABP's 21 ports. She succeeds Paul Litten, wh
Ivan Savvidis visits Thessaloniki port Ivan Savvidis, majority shareholder of the Thessaloniki Port Authority, visited the port this week to review progress on ongoing infrastructure and investment projects, with a particular focus on Pier 6. During his visit, Savvidis inspected the historic PAEGAE building, currently being redeveloped for modern business use, and met with OLTh management to receive updates on the next phases of the p
Auramarine to supply methanol fuel systems for tankers Auramarine has signed an agreement to deliver its methanol fuel supply system for two of Terntank's next-generation hybrid oil and chemical tankers. The vessels, equipped with wind-assisted propulsion and dual-fuel engines capable of operating on marine gas oil, biofuels, and methanol, will be built at China Merchants Jinling Shipyard in Yangzhou and are scheduled for delivery in January and June
Grimaldi Group takes delivery of the net generation vessel The Grimaldi Group has taken delivery of the Grande Shanghai, the first of ten new-generation Pure Car & Truck Carriers ordered from China Merchants Heavy Industries Jiangsu. Of the ten units, the first five will have a capacity of 9,000 Car Equivalent Units, while the following five will accommodate up to 9,800 CEU. The Grande Shanghai follows the Grande Tianjin, delivered earlier in August, and
Georgia Ports' economic impact rises Port activity in Georgia delivered a significant boost to the state's economy in fiscal year 2024, with the total economic impact rising by 7% compared with the previous year, according to a new study by the University of Georgia's Terry College of Business. The report found that Georgia's ports now support 650,965 full- and part-time jobs statewide, an increase of 41,770 positions over fiscal ye
UAE Port Blockade at Port Sudan Poses Risk to Red Sea Trade Stability The United Arab Emirates' decision to block port access for Sudanese cargo has escalated beyond a bilateral trade dispute, threatening to destabilize Red Sea shipping lanes already strained by regional conflicts and drawing major powers into a dangerous proxy confrontation. The blockade, targeting Port Sudan, which handles 90% of the country's international trade, comes after Sudan accused the UA
Maersk announces PSS on Asia-Middle East trade Maersk has announced a revision to its Peak Season Surcharge (PSS) covering exports from the Asia Pacific region to the Middle East. The adjustment will apply to cargo moving from Brunei, China, Hong Kong, Vietnam, Indonesia, Japan, Cambodia, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand, Timor Leste, and South Korea to destinations in the United Arab Emirates, Bahrain, Iraq, Jordan,
Hanwha announces $5 Billion investment in Philly Shipyard Hanwha Group has unveiled a $5 billion infrastructure plan for Hanwha Philly Shipyard, part of South Korea's $150 billion commitment to bolster U.S. shipbuilding. The announcement coincided with the christening of the U.S. Maritime Administration's third National Security Multi-Mission Vessel (NSMV). The ceremony was attended by South Korean President Lee Jae Myung, U.S. officials including Penns
Mibau Stema grows bulker fleet backed by Hartmann-CSL venture Denmark-based Mibau Stema Group has signed up for two new self-unloading bulk carriers at Chengxi Shipyard in China. These newbuilds will be constructed to be biofuel- and methanol-ready as part of Mibau Stema's strategic goal to enhance transport capabilities, increase operational versatility, and transition towards more sustainable shipping practices. The order was made in collaboration ...
CMB.TECH banks $20m from suezmax sale as fleet renewal rolls on Antwerp-based CMB.TECH has agreed to sell its 2010-built suezmax Sofia for a net price of $40.1m, generating a gain of about $20.4m. Delivery to the undisclosed buyer is expected in the fourth quarter of 2025. The deal for the 165,000-dwt vessel, built at Hyundai Samho Heavy Industries, is in line with VesselsValue's estimate, pricing the ...
CMA CGM lines up mega boxship order in China France's CMA CGM is lining up another round of ultra-large containerships as part of its fleet expansion push, with industry sources pointing to a fresh deal in China. Shipbrokers said the Marseille-headquartered carrier has signed a letter of intent with Dalian Shipbuilding Industry Co (DSIC), part of China State Shipbuilding Corp, covering six firm plus ...
Sidara lowers bid for Wood takeover Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has lowered its offer for the takeover of the UK consulting and engineering firm Wood. After declining several offers, Wood accepted a non-binding conditional proposal from Sidara in February 2025 for a possible offer of 35 pence in cash per Wood share to acquire ...
Bright Navigation builds presence in the Greek dry bulk scene Greek family-run Bright Navigation, founded in 2008, has been steadily growing in the dry bulk sector. Sales registers show that the company has now acquired the 2013-built, 81,700 dwt kamsarmax Istria, renamed Peter S, for approximately $17.2m. The bulker was built at Wuhu Xinlian and was purchased from Germany's Bertling Shipping. This marks the Stefanou family-run ...
Indonesian miner buys out two local shipping firms Indonesian miner Geo Energy Resources is to buy 51% stakes in two local shipping firms - Trans Maritim Pratama (TMP) and Bahari Segara Maritim (BSM) - which combined own 27 tugboats and 27 barges, which will be used to ship coal. The total cost for the two acquisitions comes in at $127.5m, and is pursuant ...
India charts $1trn maritime investment roadmap India has unveiled a $1trn investment plan to drive growth across ports, shipping and logistics, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said at an ambassadors' conclave in Delhi on Wednesday. The roundtable, attended by representatives from 28 nations and industry stakeholders, was organised as a lead-up to India Maritime Week 2025, set ...
Seatrium secures Golar contract for major FLNG upgrade Singapore shipyard group Seatrium has won a contract to upgrade Golar's Hilli Episeyo FLNG unit. The project involves technical modifications for the FLNG's redeployment. The unit is scheduled to enter the yard in the third quarter of 2026. The scope of work includes engineering and procurement of long-lead items, repair, life extension, and winterisation of ...
Subsea 7 bags EPCI work on Turkish field in the Black Sea Offshore engineering and services player Subsea 7 has been awarded a contract by the Turkish Petroleum Offshore Technology Centre for work on the Sakarya field. The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Turkey. Subsea 7's scope includes engineering, procurement, construction, and installation ...
Höegh Autoliners orders first-ever ammonia engines for car carriers Höegh Autoliners has placed a landmark order for ammonia-burning Everllence B&W ME-LGIA engines - the first of this new fuel type to propel any car carrier in the world. Four 7S60ME-LGIA dual-fuel engines will be delivered from the company formerly known as MAN Energy Solutions to an Asian shipyard in connection with the construction of ...
More details emerge about HD Hyundai yard merger HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of the HD Hyundai shipbuilding empire, has provided more details of the decision to merge its two flagship yards. Splash reported yesterday on the news that HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD), both based in Ulsan, will merge this December. ...
Borr Drilling nets hat-trick of jackup deals Offshore jackup rig player Borr Drilling has secured three new contracts for two of its units. In the North Sea, the 2013-built Prospector 1 has received separate binding letters of award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled ...
V.Ships hit with $2m fine in the US over oil discharge V.Ships pleaded guilty yesterday at a court in Texas to violating the Act to Prevent Pollution from Ships and was sentenced to pay a $2m fine. V.Ships admitted that oily bilge water and oily waste was discharged from the Swift Winchester, a chemical tanker, and the discharges were omitted from the oil record book. Between ...
Russia starts exporting containerised goods from occupied Sevastopol The sanctioned port of Sevastopol is now being used for containerised exports, having long been a hub for dark grain...
Marine insurer Ai aiming for 'hybrid London-Scandi model' Level of service at big three Nordic mutuals 'far superior', chief underwriting officer contends
IMO NZF will kill off external FuelEU compliance pooling The onset of the IMO Net-Zero Framework will tip the scales against the practice of pooling ships from different companies...
Cosco Shipping Ports silent on CK Hutchison deal but commits to continued expansion Company is prioritising emerging markets such as Southeast Asia, Latin America and Africa, as overseas terminals helped lift first-half profit...
V.Ships fined $2m for oil pollution in US US Department of Justice said discharges were omitted from the vessel's oil record book
CMB.Tech falls to loss after Golden Ocean merger Increased finance expenses combined with softer freight rates saw the maritime giant record a loss, following its blockbuster result posted...
China Merchants expects tanker and dry bulk recovery in second half Global tanker and dry bulk markets expected to strengthen in the second half of 2025
Hyundai units merge to target US shipbuilding HD KSOE and the integrated HD HHI and will establish a Singapore-based investment unit to regain the share of commercial...
The Daily View: A reminder of responsibilities
US cargo bookings still falling but they haven't gone off a cliff The tariff effect on US imports turned out to be positive overall in the first seven months of this year...
CIMC sees container sales volumes drop amid tariff uncertainty Chinese giant expects stable demand for new boxes ahead, supported by buffer stock and replacement of ageing units
Daily Briefing US-sanctioned Tinos I owners slam Vitol lawsuit as attempt to 'force sale' of vessel | Ukraine blasts Russian inclusion of...
External pressures putting 'fungibility' of container shipping at risk: analyst The days where container ships could be seen as fungible assets used in flexible ways might be coming to an end, leading to inefficiencies - and higher costs - in global liner networks, writes Lars Jensen.
Charleston's Navy Base rail yard project faces delays, big cost overruns The opening of the first phase of the port's new on-dock rail yard will be delayed until next year, while the project faces a 42% increase in budgeted costs.
Trump move to oust STB's Primus boosts likelihood of UP-NS approval Primus has been vocal in his opposition to consolidation in the rail industry, voting against the Canadian Pacific-Kansas City Southern merger in 2023 and Canadian National Railway's acquisition of Iowa Northern Railway earlier this year.
Cosco H1 net profit ticks 4% higher amid 'complex' container shipping market The Chinese state-controlled carrier said in an interim earnings statement the industry experienced a volatile first half of 2025 due to "tariff swings and lingering geopolitical tensions."
Charleston's Navy Base railyard project faces delays, big cost overruns Opening of the first phase of the port's new on-dock railyard will be delayed until next year, while the project faces a 42% increase in budgeted costs.
John Wobensmith pulls up a chair in Genco Shipping's boardroom James Dolphin retires from top board job while Kathleen Haines elevated to new lead role
QSL and Compass Minerals trade blows after unpaid fees claim turns into cargo contamination spat US minerals player says salt cargo's contamination with iron pellets took place at Quebec terminal
Chinese shipping giant Cosco Holding banks $2.8bn profit in first six months of 2025 Higher freight rates and volumes pushed up profit for China's leading container carrier
'Golden share': Zim a takeover target for a narrow field of investors with a high-risk appetite 'Not that many people are going to take the risk,' says CEO and president
CoolCo: 'Working hard' for its money by keeping spot fixtures flowing in LNG shipowner will need to be 'patient' in fixing out its second two-stroke vessel for long-term business
'We will go for it': Saverys ready to expand after Golden Ocean merger boosts scale Belgium's CMB.Tech not ruling out moving beyond its favoured tankers, bulkers and boxships
'Arms race': Why banks are lending to shipping again This week's Streetwise looks at how top public owners have come to speak softly but carry a big 'revolver'
Stainless Tankers details promised special dividend Tufton company has six ships left and pledges it will sell all of them - eventually
EU and UK sanctions as effective as US measures, says Hafnia commercial boss Soren Winther says it would be a brave charterer who dabbled in non-compliant trades in the current climate
Vitol tanker shipping out Syria's first crude cargo since end of US sanctions Oil destined for Italian refinery, report says
Hansson insists Nordic American Tankers still on the up-and-up despite loss Dry-dockings dragged down revenue and profit in the second quarter
'Oil and gas will be here for longer': BW Offshore review finds outfit in good position to meet FPSO demand Sohmen-Pao company hopes to find new project in the next 12 months
Hansson insists Nordic American Tankers still on up-and-up despite loss Drydockings dragged down revenue and profit in the second quarter
Shipping slams 'abhorrent' Polymarket wager on probability of fresh Houthi attacks Prediction marketplace allows users to bet on deadly raids
Strong rates to limit prompt tanker sales as owners milk cash cows one last time Analysts and brokers say market still active, but healthy spot rates on offer could change this
Hafnia shares rise as analysts see 'bullish' tanker market Clarksons, DNB and Pareto raise target price for tanker giant
Fire-hit Wan Hai ship heads for Middle East after Sri Lanka snub Explosion and fire led to clear-up of plastic pellets from Indian beaches
'Oil and gas will be here for longer': BW Offshore review finds outfit in good position to meet FPSO demand Sohmen-Pao company hopes to find new project in the next 12 months
US hedge fund investor Dan Gold and Awilco tighten grip on Oslo-listed owner IWS New York fund and Norwegian shipowner snap up stock in offshore wind shipping operation
Shipowner denies Houthi 'war' against Red Sea shipping in insurance wrangle Owner of bulker sunk by militants says insurers are liable for $5m losses
Video: Bulker left high and dry on beach by typhoon Wood chip carrier swept ashore by storm off Tien Trang
Indonesia to fight piracy with artificial intelligence-driven surveillance system System will be supplied by UK-based SRT Marine Systems
Tanker attacks: Nord Stream 2 sabotage suspect probed over blasts on Greek ships Ukrainian faces extradition to Germany over the destruction of natural gas pipeline three years ago
New generation at Ernst Russ prepare for fleet expansion Strong container market paves way for fleet expansion
Hartmann and CSL venture boosts bulker fleet with newbuilding order in China Danish operation Mibau Stema picks Chengxi Shipyard for self-unloaders
First shipment from Russia's sanctioned Arctic LNG 2 plant arrives in China After a year of wandering without buyers have these cargoes finally found a buyer?
Golden Energy Offshore profit falls amid 'challenging spot market' CEO sees positive effect on result and cash after refinancing
Nord Stream 2 sabotage suspect probed over attacks on two Greek tankers Ukrainian faces extradition to Germany over the destruction of natural gas pipeline three years ago
V.Ships fined after admitting oily waste discharge from product tanker Norwegian office pleaded guilty to offences on Swift Winchester in 2022
'Big breakthrough': How a company running out of Anders Jahre's former offices has found its shipowning foothold Company sees gas carrier deal as jumping-off point for future projects
DOF hires four banks for new US dollar bond issue in Oslo market Banks will arrange investor meetings from tomorrow
CoolCo battles 'subdued' LNG chartering action as profit falls Company has kept latest newbuilding trading while it awaits longer-term business
CMB.Tech slips to loss in second quarter as it sells suezmax tanker Giant owner hit by rising depreciation costs and lower gains from vessel disposals
Hunter Group bullish on VLCCs despite losing $5,800 per day on charter bet Norwegian company says spot rates are now significantly above historical averages
Ex-Heidmar Singapore boss Navin Arjun Soni joins Lila Global as new commercial chief Dry bulk veteran tasked with driving commercial innovations
Hanwha Shipping open-minded about commercial options for US tanker order Chief executive says owner is willing to look at leasing or selling MR newbuildings
CMA CGM picks China's Dalian Shipbuilding for ultra-large container ship newbuildings Shipbuilding players say French container line has selected state-owned shipbuilder
DHL eCommerce acquires share of Saudi Arabia courier Ajex Logistics acquisition boosts DHL's presence in the Middle East e-commerce market.
Tariffs pointing to historic import gap for U.S. container ports: Analyst The busiest U.S. container ports saw a modest rise for import container volumes in July as shippers raced to beat the Trump administration's early August tariff deadlines.
FedEx Supply Chain to layoff 600 workers at Cummins warehouse FedEx Supply Chain to cut 611 jobs in Memphis, Tennessee, as Cummins shifts logistics strategy.
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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