Oldendorff marks milestone: 125 women sailing onboard its ships The recently released Women in Maritime Survey 2024, jointly published by IMO and the Women's International Shipping & Trading Association (WISTA), showed that, at sea, women remain vastly underrepresented, accounting for just
ULA's SpaceShip will have full Schottel propulsion package SpaceShip, the RO/RO cargo vessel under construction for United Launch Alliance by Bollinger Shipyards in Amelia, La., will be equipped with three Schottel SRP 460 LE RudderPropellers and two Schottel STT 1
MSC to enhance US-South Africa service MSC will commence an enhanced standalone US to South Africa service in October. The Swiss/Italian box line will deploy eight container ships, including four additional vessels, for consistent weekly connections. "This move will ensure service continuity and strengthen MSC's commitment as the sole carrier offering a direct link between South Africa and the US East Coast," said the company in a sta
Port of New York and New Jersey surpasses 750,000 TEUs in April The Port of New York and New Jersey recorded strong activity in April, handling 751,194 TEUs over the month. This represents a growth of 6% from April 2024, according to the US port's data. Meanwhile, the Port of New York and New Jersey has handled 2,954,913 TEUs over the first four months of the year, translating to an increase of 9% from the first four months of 2024. If you liked this post, pl
Record container volumes for Paranaguá Container Terminal TCP, the operator of Brazil's Paranaguá Container Terminal, has claimed the top spot for container handling in the country's Southern Region in the first quarter of 2025. According to the latest Waterway Statistics report by the National Waterway Transportation Agency, TCP also climbed to second place in container throughput nationwide among Brazilian port operators. TCP reported a total of 372,4
Green shipping corridors as maritime pivot for operational efficiency As the maritime industry grapples with the dual challenge of decarbonization and geopolitical volatility, green shipping corridors have emerged as a transformative force. In 2024, the world counted 62 green corridor initiatives, representing a 40% increase from the previous year, according to the Singapore Shipping Forum 2023 Post-Event Report. The most recent initiative was that of China's Ning
ONE advances Green Strategy with new Ship Recycling Policy and Transparency Initiative Membership Ocean Network Express (ONE) has proceeded with its Green Strategy by implementing a Ship Recycling Policy and joining the Ship Recycling Transparency Initiative (SRTI). ONE said that both moves align with its efforts to enhance transparency, promote ethical operations, and uphold high environmental standards throughout the entire lifecycle of its vessels. ONE has established a Ship Recycling Poli
Lidl's ocean carrier strengthens its Asia service network Lidl-owned Tailwind has decided to enhance its service network within Asia, with the Tiger Express Service (TEX) being expanded to include one call in Vietnam and two in Malaysia. Effective from 17 June, the updated port rotation of TEX will be Chattogram-Port Kelang-Ho Chi Minh City-Port Kelang-Colombo-Chattogram. The TEX service will continue to cast off from Chattogram in Bangladesh every two
Freightos: Transpacific ocean volumes surge during tariff pause Freightos recently ran a survey of more than 100 small and medium-sized businesses (SMB) shippers to see how trade war developments are impacting them. Two weeks out from the May 12th China-US trade war deescalation announcement - and eleven weeks until the pause expires in August - transpacific ocean volumes are surging. Hapag-Lloyd estimates that China-US container demand dropped by 20% while U
Euroseas cashes in on 20-year-old post-panamax boxship Greek containership owner Euroseas is set to lock in a strong return by selling a 20-year-old post-panamax vessel acquired less than four years ago. The Nasdaq-listed company has offloaded the 2005 Koyo Dock-built 6,350 teu Marcos V to an undisclosed, unaffiliated buyer for $50m. Euroseas originally bought the ship in November 2021 from Japanese owner ...
SSY to launch offshore drilling rig business UK shipbroking group SSY has revealed that it would be further expanding its offshore offering with the launch of a dedicated rig business later this year. Nicholas Wagner-Larsen, an experienced offshore and rig broker, will join SSY in September to head up the new rig division. He is an offshore specialist who has spent his ...
Eni selling nearly half of its carbon capture business to BlackRock's GIP Italian giant Eni has signed an agreement to enter into a period of exclusivity with BlackRock's Global Infrastructure Partners (GIP) regarding the sale of a 49.99% stake in its carbon capture business. During the exclusivity period, GIP will progress the confirmatory due diligence phase and complete the drafting of the documents related to the acquisition ...
Noble fixes rig on UK carbon storage project Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the Northern Endurance Partnership (NEP). The BP-operated NEP is ...
Avenir seals multi-year vessel deal with Excelerate Energy Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels. The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate's acquisition of New Fortress Energy's LNG import and ...
Federal court blocks Trump's tariffs In the latest twist in the trade war unleashed by Donald Trump, an American federal court has blocked the president's sweeping tariffs. The Court of International Trade has ruled that the emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly every country. It has also ...
Umberto Costa passes away Umberto Costa, one of the most famous names in Italian shipbroking, has passed away Costa co-founded Banchero Costa, the Genoa shipbroker, alongside Lorenzo Banchero in 1968, going on to make the company a global broking house. "Umberto's unwavering dedication, expertise, and profound passion not only shaped our company from its very beginnings but also left ...
Jiangsu Ocean Shipping ups boxship newbuild series China's Jiangsu Ocean Shipping (JOSCO) has bolstered its containership orderbook with up to 10 newbuilds contracted at two compatriot shipyards. The shipping arm of Jiangsu Port Group has confirmed orders at Jiangsu Soho Chuangke Shipbuilding for up to four 3,000 teu vessels and revealed a fresh deal for up to six more 1,900 teu newbuilds ...
Sanctions still don't work Pierre Aury explains why sanctioning Russia is not delivering results. In January 2023, just after the European Union enacted its ninth sanctions package against Russia, we wrote: "This clearly confirms the fact that sanctions tend not to work to disrupt military operations." After nine packages of sanctions, there was no sign of these sanctions having ...
CIP sells minority stake in wind project off the Philippines Acen, part of the Ayala group, has signed definitive agreements with Copenhagen Infrastructure Partners (CIP) to acquire a 25% minority stake in the proposed offshore wind project in the Philippines. The stake in the 1GW offshore wind farm was bought for an undisclosed amount from CIP's Growth Markets Fund II. It is set to be ...
Lidl's Tailwind debuts intra-Asia service Tailwind Shipping Lines, the containerline founded during the pandemic by the parent of German retailer Lidl, is expanding its footprint by debuting an intra-Asia service, in the process shifting its Asian hub from Colombo to Port Klang. Starting June 17, the Tiger Express Service (TEX) will cast off from Chattogram in Bangladesh every two weeks ...
Petrobras awards offshore work worth over $500m to Mota-Engil Portuguese engineering and construction company Mota-Engil has, through its subsidiary, won two contracts with Brazilian state-owned giant Petrobras. The company's Brazilian subsidiary, Empresa Constructora do Brasil, won a deal worth 1.56bn reais ($274m) for an estimated term of 60 months, comprising recovery and final removal services of 420 km of flexible lines at the Marlim, ...
Chevron platform fire body count rises to three Two workers have died from their injuries sustained in a fire on Chevron's oil platform off Angola on May 20, bringing the total body count to three. The fire broke out in the basement of the Benguela Belize Lobito Tomboco (BBLT) oil platform, while the platform was undergoing scheduled maintenance. The cause of the fire ...
America's difficult path to resurrect its shipyards Donald Trump's bid to resurrect American shipbuilding faces some stern demographic challenges. The American president has made shipbuilding a central plank of his industrial policies since returning to power in January. However, the maths behind having 250 US-built ships in 10 years' time look daunting. A new report released by the Open Markets Institute shows ...
CMB.TECH and Golden Ocean press ahead with merger CMB.TECH and Golden Ocean have officially announced a definitive agreement to merge, creating one of the world's largest listed diversified maritime shipping groups. The all-stock transaction, outlined in a merger agreement signed by both companies, follows the term sheet previously disclosed last month. Under the deal, Golden Ocean will merge with and into CMB.TECH Bermuda, ...
Shipping still in the dark on US port fee details that have yet to be finalised Chamber of Shipping of America president Kathy Metcalf speculated that the US Trade Representative thought port fees would be 'fairly...
Vessel traffic slows to trickle at Yemen's stricken ports In the weeks following the Israeli air strikes against Houthi-controlled ports of Al Salif and Hodeidah, vessel traffic has slowed...
US court rules against tariffs but 'Trump 2.0 trade wars aren't over yet' The good news for shipping: US tariffs had a major setback in court. The bad news: it will be more...
Diana ekes out higher first-quarter profit Seasonally weak quarter sees Greek bulker owner stay in the black despite lower revenues
Large bulkers and South Korean gas carriers head for shipbreakers Ship recycling sector lifted by eight large vessels following low levels of tonnage sold for scrap since April
P&I underwriting deficits highlight strength of mutual system, NorthStandard insists Five pool claims in one year is 'heavy but not off the scale', says Jennings
Steady as she goes: UGS president Melina Travlos Union of Greek Shipowners' president Melina Travlos has made the case for shipping whenever and wherever the opportunity has arisen...
Boxship sale and purchase activity heats up as carriers buy more chartered tonnage Numerous sale and purchase deals have been concluded of late with MSC being particularly active
NorthStandard sees $96m underwriting deficit after 'unsettling' policy year Small decline in free reserves after string of big hits
Allegiant aims to make a bigger splash Six-year-old firm quietly established its reputation with clients but is already one of the largest Greek shipbroking houses - and...
CMB.Tech and Golden Ocean sign merger plan agreement Belgian shipowner CMB.Tech has inched closer to acquiring Golden Ocean Group in a stock-for-stock merger
Worker dies in accident at Samsung Heavy Industries Following the incident, the shipyard suspended production for two hours to provide special safety training to its workers
UK Club confirms trend towards higher underwriting deficits 'Significant challenges' for both Thomas Miller-managed club and wider industry, admits chief executive Taylor
The Daily View: The perils of bad policy
Daily Briefing US port fees force MOL rethink on China LNG carrier orders | Annual total losses hit all-time low even as...
Appeals court temporarily restores US tariffs Within a span of roughly 24 hours, one court decision blocked the US tariffs and a separate ruling restored the tariffs through June 9, if not longer.
LA port stakeholders warming to plan to mitigate impact of bridge project The industry says consistency and communication are the key to minimizing disruption to port traffic during the project to repair the deck of the Vincent Thomas Bridge.
Restrained capacity sparks India-US ocean rate momentum Sources have linked some of the US-India blankings to carriers shifting capacity to capitalize on surging volumes on the eastbound trans-Pacific trade following a temporary 90-day tariff truce between the US and China.
UP's KC terminal will change approach on ocean cargo Union Pacific Railroad struggled during the pandemic with wheeled facilities where containers are pre-mounted onto chassis before a driver arrives, but in 2021 and 2022 there were periods with no chassis to be found.
Port Houston secures $131 million in federal funds for ship channel work A portion of the money will be used for Project 11, which will ultimately allow an additional 1,400 vessels of all types to call the port each year by deepening portions of the channel to accommodate larger ships.
Federal court ruling blocking tariffs resets shipping outlook The US Court of International Trade on Wednesday stated that President Donald Trump's tariffs exceed his authority.
'Phone keeps ringing': Shipowners 'eager' for green tech and as regulation fears A second wave of shipowners is looking to install energy-saving tech after frontrunners pave the way
'A year and a half of underperformance': Evercore ISI lets loose on NAT Herbjorn Hansson's suezmax pure play has failed to capitalise on a years-long bull run in tankers, says Jonathan Chappell
Euroseas pockets $8.5m profit on sale of its largest container ship New York-listed shipowner reaps fivefold return on sale of 6,350-teu vessel
Trump officials work to salvage tariffs after court delivers blow to trade negotiations US Trade Representative Jamieson Greer warns that court decision could 'destroy' China deal
Houseboat: Ship 'unseaworthy' after grounding in front garden Inspection finds hull damage after headline-making vessel was pulled out of Norwegian man's garden
Howe Robinson pinpoints biggest bulker risks in US-EU tariff drama Trump tariffs are on hold as administration appeals against court ruling
Semiramis Paliou-led Diana Shipping posts narrow profit and keeps steady dividend Bulker owner manages to stay in the black in typically weak first quarter
Herbjorn Hansson talks up NAT prospects as shadow fleet 'pushed further into the darkness' Suezmax company expects demand to rise for its tankers
Record year of high claims vindicates NorthStandard merger, say club chiefs Larger protection and indemnity club was designed for a more volatile world
Navigare Shipping & Logistics expands fleet with Briese quartet Futurum Shipping also involved in a transaction spanning four general cargo units
Container shipping braces after US court blocks Trump tariffs Carriers and shippers are learning to cope and are pausing supply chains or diverting cargo
Losses 'test foundations' of insurer NorthStandard after 'challenging' claims year Mutual reported five of the 20 P&I claims above $10m in an expensive 12 months for the industry
Shadow fleet LNG carriers manoeuvre as sea ice coverage delays Arctic sailing season Name changes continue apace among Russia's sanctioned gas carrier fleet
Tributes paid after death of 'revered and passionate' Italian shipbroker Umberto Costa Co-founder of Banchero Costa sold out to partner Lorenzo Banchero in 1999
Why building trust is key to green shipping technology take-up Exaggerated fuel-saving claims will not build belief in new technology
Shipbroker Braemar committed to London listing despite share price frustrations Undervalued stock price has hindered potential acquisitions in the last year
Coffee with George Economou: Shipowner recalls the rise and fall of DryShips Dry bulk venture opened the floodgates for competitors in the US capital markets. The party couldn't last
Braemar eyes broker hiring spree after dodging uneconomic recruitment bullet Time is right to make expansion moves, James Gundy and Grant Foley tell TradeWinds
Ammonia fuel 'a no-brainer', says University College London study LNG has a short-lived heyday, according to investigation of IMO's net zero framework
Shipbroker SSY breaks into offshore drilling rig sector with new hire Move will take group's fast-growing offshore business into new territory
Broker hires and a takeover: Braemar unveils new growth plan as profit rises UK-headquartered shipbroker outlines new strategy for this year through to 2030
Josco splashes $372m in 10-ship container fleet boost State-owned shipping company taps domestic yards for feeder series
Too green, too soon: Odfjell chief opens up on Norway's green ambitions Focus should have been on energy efficiency before pure green fuels, argues Norwegian Shipowners' Association president
'Indonesia will need a lot of ships' as trade with China and US grows Chairman of Indonesia's chamber of commerce gives the initiative five years to bear fruit
CMB.Tech takes key step towards Golden Ocean takeover Agreement follows outline of term sheet reached in April
US federal court vacates Trump retaliatory tariffs after importers' complaint US president can not invoke emergency powers to impose sweeping import duties, says US Court of International Trade
Bontrup bulker uses fuel technology to cut emissions on Pacific climate change mission Dutch operator decarbonising operation to ship stones for vital sea wall in Marshall Islands
Indonesia needs more vessels to raise its global trade volumes, says Bakrie Chairman of Indonesia's chamber of commerce (Kadim) gives the initiative five years to take fruit
Cosco backs 30-ship newbuilding order with Chinese leasing firm Cosco Shipping Bulk is said to be behind a mammoth order for 80,000-dwt newbuildings
Appeals court halts trade court's tariff injunction: What it means for freight Retaliatory tariffs from trading partners, like China's response to the retaliatory tariffs, could linger, complicating cross-border freight.
Appeals court stays ruling that blocked Trump tariffs A federal appeals court sided with the Trump administration in temporarily staying a ruling that blocked most of the president's tariffs.
DHL Express Canada, Unifor to resume bargaining DHL Express workers say they are willing to walk off the job in less than two weeks if a new labor contract isn't in place by then.
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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