VIDEO: ESG lays keel for new USACE hopper dredge Donnelly Panama City, Fla.-based Eastern Shipbuilding Group (ESG) and its partners, U.S. Army Corps of Engineers (USACE) and Royal IHC, recently held a keel laying ceremony for the hopper dredge Donnelly at Eastern's
CMA CGM to deploy OneWeb LEO connectivity worldwide The CMA CGM Group is to deploy Eutelsat's OneWeb LEO connectivity across more than 300 vessels. The OneWeb connectivity will be delivered and integrated by Marlink in a solution that combines the
Transocean and Valaris to combine in $5.8BN all-share deal Offshore drilling contractors Transocean Ltd (NYSE: RIG) and Valaris Limited (NYSE: VAL) have signed a definitive agreement to combine the two companies under a deal that will see Transocean acquire Valaris in
Maersk orders eight 18,600 TEU containerships Is the trend to ever-larger containerships slowing? A.P. Moller - Maersk (Maersk) has placed an order for eight large containerships with China's New Times Shipbuilding Co. Ltd. All eight will have the
French-headquartered Antin Infrastructure to acquire Vigor Marine Group Paris-headquartered Antin Infrastructure Partners has reached an agreement to acquire Portland, Oregon-headquartered Vigor Marine Group from an affiliate of Lone Star Funds. Antin says that it will partner with Vigor Marine Group
Klaipeda Port to invest €775 million in growth and sustainability Klaipeda Port Authority will invest €775 million over the next four years. The goal is to increase capacity, improve infrastructure, and boost sustainability. Last year, the port handled 39 million tonnes of cargo, exceeding forecasts. Cargo volumes are expected to grow 2-3% annually. The largest project is the southern port development. Nearly €600 million will go to this project. Construction o
Imabari Shipbuilding delivers 64,000 dwt bulk carrier INCE SAMSUN Imabari Shipbuilding has delivered the 64,000 dwt bulk carrier INCE SAMSUN . Group company Iwagi Zosen Co., Ltd. built the vessel. The vessel is a handymax ocean-going bulk carrier. It complies with Common Structural Rules (CSR BC & OT). Each cargo hold includes topside and hopper tanks. This design allows the ship to carry a wide range of cargo. The vessel can load bulk cargo, grain, coal, ore,
MOL completes Japan's first ship-to-ship methanol bunkering at Yokohama Mitsui O.S.K. Lines (MOL) has joined a five-party partnership to complete Japan's first ship-to-ship methanol bunkering at an anchorage in Yokohama. The operation involved the transfer of methanol from Kokuka Sangyo's Eika Maru to MOL's dual-fuel vessel Kohzan Maru VII , both chartered by Mitsubishi Gas Chemical (MGC). The bunkering used domestically produced biomethanol from MGC's Niigata Plant,
CN Magazine February issue is here The February issue of CN Magazine takes a focused look at the evolving dynamics of the global maritime industry, delivering timely insight from across container shipping, ports, logistics, and the wider supply chain. As market conditions continue to shift, this edition brings together the latest updates shaping trade flows, operational performance, and strategic decision-making. At the core of th
4 Important Considerations When Choosing a Container for Your Move A successful move is about ensuring your items are delivered to the intended destination safely and within the right time frame. If you're planning a move, you may need a storage container to make your move smoother and more efficient. Choosing the right container for your move will depend on several factors, which you must consider early before the move commences. Below, we'll look at four impor
Fincantieri and WSense to co-develop underwater wireless solutions Fincantieri has signed a strategic agreement with WSense, an Italian deep-tech company. The deal strengthens Fincantieri's capabilities in advanced systems for the underwater domain. The agreement covers two areas. First, the companies will co-develop wireless technologies for underwater applications. Second, they will collaborate commercially to apply these solutions to environmental monitoring
Hapag-Lloyd reports preliminary business figures for 2025 Hapag-Lloyd has published its preliminary financial results for the 2025 financial year, reporting performance at the upper end of its earnings guidance despite lower freight rates and higher operating costs. Based on preliminary figures, the Group achieved revenues of USD 21.1 billion (EUR 18.6 billion) in 2025. Group EBITDA reached USD 3.6 billion (EUR 3.2 billion), while Group EBIT stood at US
Readers Speak: Northern Sea Route prioritized for safety and environment Our latest poll asked whether major container carriers should consider using the Northern Sea Route in the future. The responses send a clear message. Environmental and safety concerns dominate the debate, despite the potential for shorter transit times. Most readers reject the idea of large-scale commercial use of the Arctic route. They see the environmental impact as the biggest obstacle. The f
CMA CGM restructures Asia to West Africa Central Range services CMA CGM has announced a restructuring of its Asia to West Africa Central Range services, introducing a new three-loop configuration designed to strengthen coverage, capacity, and schedule reliability in the region. Under the revised structure, the existing WAX service will be reorganised into two new dedicated loops, WAX1 and WAX2, complemented by the current WAX3 service, which will continue to
Truck Driving Jobs in Memphis: Why This City Is a Freight Powerhouse Memphis has stealthily climbed its way to the top as one of the biggest logistics cities in the country. Even though, it won't get the kind of media attention information like coastal ports or bigger metropolitan regions do, the freight activity, coming through West Tennessee proves otherwise. Memphis TN is a trucking paradise for professional drivers. It provides lanes that are preset, thus ensu
Maersk orders eight large vessels with enhanced deployment flexibility A.P. Moller - Maersk has signed a contract with New Times Shipbuilding Co. Ltd. in China for the construction of eight large containerships, continuing its fleet renewal programme. The vessels will form a new series of 18,600 TEU ships, with deliveries scheduled across 2029 and 2030. All eight units will share the same specifications and are designed to offer greater operational flexibility compa
CN Index signals high pressure despite softer freight rates The CN Index stood at 561 this week, indicating that global container shipping remains in the High Pressure range despite a modest easing compared with the previous week. The latest reading reflects softer freight rates across several major trade lanes, while persistent geopolitical and operational risks continue to underpin overall market stress. CN INDEX | Week 07 2026 Freight Rates Show Signs
CMA CGM rolls out OneWeb LEO connectivity across fleet CMA CGM Group has partnered with Marlink and Eutelsat to deploy OneWeb LEO satellite connectivity across its global maritime fleet. The solution integrates Eutelsat's European-based OneWeb Low Earth Orbit (LEO) services with existing LEO and GEO networks, creating a multi-orbit, multi-technology hybrid network enabled by Marlink's XChange NextGen edge platform. Under the multi-year agreement, mor
Container ship sinks off Phuket The Royal Thai Navy is coordinating a recovery and environmental response operation following the sinking of the Panama-flagged cargo vessel SEALLOYD ARC off the coast of Phuket, after the incident resulted in an oil spill and the loss of more than 200 containers at sea. According to a report by The Nation , the vessel capsized on 7 February while sailing from Malaysia to Bangladesh, going down i
SAAM Towage strengthens fleet with new high-tech tug SAAM Towage has added a new high-performance tug to its fleet. The vessel, named SAAM Guanay , was built by Sanmar Shipyards in Turkey. Sanmar delivered the new Bogacay Class tug as the 13th vessel built for SAAM Towage. The tug is based on Robert Allan's RAmparts 2400SX MKII design. It is optimized for maneuvering in ports with limited space. The design combines high power with operational flexi
Top 10 logistics software development companies in 2026 The logistics software market keeps growing. In 2025 alone, 70% of logistics companies were adopting digital solutions. The number will only grow higher, as companies need better tools to handle fleet operations, route planning, supply chain visibility, and delivery tracking. Finding the right logistics software development company means carefully adapting to your needs and getting rid of the con
KR, Korean Government and Industry launch global initiative on ammonia effluent standards The maritime industry is moving toward zero-carbon fuels under the IMO's 2050 net-zero target. Ammonia-fueled ships are emerging as a key solution. The IMO has issued interim guidelines for ammonia fuel. However, it has not set global standards for treating and discharging toxic ammonia effluent. Ammonia-fueled ships generate toxic effluent during operation. This effluent differs from conventiona
Transocean snaps up Valaris in $5.8bn stock deal Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle.T he Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed Valaris in an all-stock transaction valued at about ...
Eidesvik secures fresh Equinor extension for long-serving PSV Norway's Eidesvik Offshore has been awarded a charter extension from compatriot energy giant Equinor for one of its large platform supply vessels (PSV). The extension was awarded to the 5,700 dwt PSV Viking Avant. The extension will begin in direct continuation of the current charter. Eidesvik said in an Oslo Bors filing that the vessel's ...
Cadeler arm wins Taiwan offshore wind O&M contract Cadeler's service arm, Nexra, has signed a firm contract for an operations and maintenance campaign in Taiwan. The contract with an undisclosed client is expected to exceed €20m ($23.7m) and will be executed across two offshore wind farms in Taiwan. The campaign will commence in March 2026, will run for 3-4 months, and will be ...
BW LPG fixes two VLGCs on three-year time charters VLGC owner and operator BW LPG has entered three-year time charter-out contracts for two of its vessels. The deals were struck for the 2016-built, 84.612 cu m BW Tucana and the 2020-built, 83,315 cu m BW Yushi. The client was left undisclosed. The period charters commenced in January 2026, increasing fixed-rate time charter-out coverage to ...
Exmar seals Cedar FLNG deal Belgian gas shipping and infrastructure group Exmar has been selected by Cedar LNG Partners to provide marine and operational services for the project's floating liquefied natural gas unit. Under the agreement, the Antwerp-based owner will deliver marine operations and maintenance services for the FLNG vessel megúgu, which is currently under construction at Samsung Heavy Industries ...
Maersk confirms New Times deal for eight newbuilds Danish liner giant Maersk has firmed up a contract with New Times Shipbuilding in China for the construction of eight large container vessels, continuing its long-running fleet renewal programme. The ships will form a new series of 18,600 teu vessels, all built to the same specification, with deliveries scheduled across 2029 and 2030. Financial terms ...
CMB.TECH offloads two more VLCCs Belgian shipowner CMB.TECH has pressed ahead with its fleet renewal drive, agreeing the sale of two very large crude carriers and locking in a capital gain of nearly $100m. The Antwerp-based group said it has sold the 2012-built 314,000 dwt Ingrid and Ilma, with delivery to an undisclosed new owner scheduled for the second quarter ...
French private equity buys Vigor Marine Antin Infrastructure Partners, a French private equity firm, has bought American shipyard Vigor Marine Group from Dallas-based Lone Star Funds for an undisclosed sum. Antin has vowed to expand capacity across Vigor Marine's five locations in Seattle, Portland, Vancouver, San Diego and Norfolk. In total, the group operates six drydocks and 29 berths today, employing ...
Seamec secures ONGC charter extension for diving support vessel Indian offshore vessel operator Seamec has secured a charter extension from compatriot government-owned oil and gas company ONGC. ONGC gave more time to the 1982-built diving support vessel Seamec II. The extension has started on Monday and will last until August 25, 2026. Although not disclosed, all existing terms and conditions remain unchanged from the ...
AET orders its first hybrid electric shuttle tanker AET has moved to strengthen its shuttle tanker platform with an order for its first hybrid electric newbuild, adding another lower-emissions option to its fleet. The Singapore-based tanker arm of Malaysia's MISC has contracted Dalian Shipbuilding Industry Corp for the construction of a 154,000 dwt unit, scheduled for delivery in 2028. Financial terms have not ...
PaxOcean opens new yard in Singapore PaxOcean has opened a new S$200m ($158m) shipyard in Singapore at 5 Jalan Samulun (5JS). The shipyard, situated in the Jurong Industrial Estate, spans 17.26 ha and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated, integrated workshops to support complex and high-value maritime and offshore assets. 5JS replaces PaxOcean's previous ...
Hanwha Ocean wins $526m large WTIV order South Korean yard Hanwha Ocean has won an order worth 768.7bn ($526m) for one large wind turbine installation vessel (WTIV) from its affiliate Ocean Wind Power 1. This vessel is scheduled for delivery in the first half of 2028 and will first participate in domestic offshore wind projects, including the Shinan-Ui project. This WTIV will ...
India clamps down on shadow fleet India's coast guard announced on Friday that it had detained three tankers about 100 nautical miles west of Mumbai in what it described as a coordinated strike against an international oil-smuggling network. "The syndicate exploited mid-sea transfers in international waters to move cheap oil from conflict-ridden regions to motor tankers, evading duties owed to coastal ...
Boxship sinks off Phuket A Panama-flagged container vessel en route from Port Klang to Chattogram sank off Phuket over the weekend after developing a sudden, severe list. The Sealloyd Arc's master issued an abandon-ship call at about 15:00 local time on Saturday; Thai authorities and nearby craft evacuated all 16 Bangladeshi crew by 15:50 and later confirmed they were ...
Solstad lines up CSV contract in Asia-Pacific Norwegian offshore vessel owner Solstad Offshore has lined up a contract for its 2010-built construction support vessel Normand Tonjer via a letter of intent with an undisclosed client. According to the Oslo-listed firm, the contract is set to start in February and will run for 225 days, including mobilisation. The client also has options to extend ...
Box trade defies geopolitical turmoil with strong 2025 growth Predictions of a sluggish year for container shipping proved wide of the mark in 2025, as global volumes rebounded strongly...
The Week in Charts: No shortage of targets for French interdiction | Container shipping prepares for old ships shake out | Shipping shares outperform broader stock market Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The electronic bill of lading: are we at the tipping point? APAC editor Cichen Shen asks whether the much-heralded electronic bill of lading is finally gaining momentum, and asks what are...
Med revolt leaves Brussels in climate bind at IMO Spain and Italy are set to join Greece, Cyprus and Malta in siding against the IMO carbon price, amid pressure...
CMB.Tech cuts VLCC exposure further amid potential segment exit Once the transactions are completed, CMB.Tech will have just two VLCCs in operation, alongside four VLCC newbuildings due for delivery...
The week in newbuildings: Maersk expands orderbook with China ULC newbuilds Orders for a total of 44 merchant ships were disclosed in the past week in the boxship, dry cargo, gas...
US forces board runaway tanker Tanker tracked from the Caribbean Sea to the Indian Ocean by US forces before it was boarded overnight
India seizes three sanctioned tankers The Indian coastguard intercepted the three vessels 100 nautical miles northwest of Mumbai on February 6
South Korean company ordered to pay $124m to UK Hydrographic Office Financial state of defendant could make bill difficult to collect
The Daily View: Feeling the heat
Confidence in LNG carriers rises as US-Greek plans to supply Europe move forward Shipping is critical to new 'vertical corridor' through Greece to provide LNG to Ukraine
Daily Briefing False flag Baltic transits almost quadruple throughout 2025 | No shortage of targets for French interdiction in the Mediterranean | China...
NY-NJ port readying to guide terminals on truck appointment systems But the recommendations will not include guidance on handling empty container returns, as port stakeholders see it as a separate issue.
Fourth-quarter rate slump drags down Hapag-Lloyd's 2025 financials The carrier reported a steep drop in profitability as declining rates combined with higher costs of rerouting ships around southern Africa and startup expenses for the Gemini network.
Bangladesh boxes begin to move as Chittagong port workers suspend strike The entire port workforce had walked off the job almost two weeks ago to protest a government decision to lease the port's busiest terminal to DP World.
MPV carriers emphatic on no resumption of Suez transits under current conditions Ship operators say a return to the Red Sea hinges on broad shipper acceptance across multi-shipper voyages, according to a survey conducted by One World Shipbrokers.
Maersk widens deployment options with order for 'flexible' new ships The new vessels are shorter and narrower than most 400-meter megaships that are mostly confined to the Asia-Europe trade, giving the carrier more deployment options across its global network.
United Overseas continues pruning of older product tankers Partners Peter Georgiopoulos and Leo Vrondissis have been building up on the dry bulk side
Washington warns US-flag ships to avoid Iranian waters MARAD issues advisory after Iranian forces approach US-flagged Stena Imperative
Brazil's tanker profile grows as crude output and diesel demand hit fresh highs Recipe for growth includes push and pull of the ethanol trade and a lack of refineries, brokers say
Saudi state owner Bahri sees profit hits record $2.4bn as VLCC markets soar Major tanker player says expanding fleet paid off in the second half
Angeliki Frangou books rare VLCC quartet amid newbuilding stampede Wuhu Shipyard revives mothballed Rongsheng, drawing diverse new business
Trafigura speeds up bulker shipments from major African port Trader agrees on first delivery of copper and cobalt to global markets via Lobito Atlantic Railway
Pelagic Partners to list new shipowning platform in Oslo as it targets nine vessel buys Cypriot owner's credit operation targets private share placement in Norway
Hapag-Lloyd profit hit by falling rates and new network costs Preliminary results at higher end of forecast as launch of Gemini alliance depresses full-year result
John Fredriksen-backed Valaris selling out to Transocean in $5.8bn deal to create drillship giant Combination of New York-listed operations will create $17bn titan
Russia turns to IMO for support amid Black Sea ship attacks Vessels trading to Russia have been hit in a series of drone strikes
US forces seize seventh tanker over alleged Venezuelan ties - deep in the Indian Ocean 'It ran, and we followed.' Sanctioned Hong Kong-owned ship apprehended 1,300 nautical miles from land
LNG bunker vessel damaged by falling containers in Rotterdam Incident temporarily halted boxship refuelling operations in Dutch terminal
Scandal-hit South Korean tech outfit faces $124m bill over shipping chart cheat Samyung ENC has been suspended from trading over embezzlement allegations
'White-hot': BP and Gunvor secure chartered ships as MR tanker rates surge to two-year high US Gulf spot market strength makes term deals look attractive for chartering giants
Exmar wins marine operations job for upcoming Cedar FLNG unit Belgian company snares floating liquefaction work in addition to its regasification contracts
Shipowners rule the lending market - for now, says Societe Generale executive Societe Generale's maritime boss believes tighter capital requirements could provoke a sea change in loan margins
'Raucous undercurrent': VLCC prices soaring after Sinokor tanker shopping spree Values are up across the market, with the largest ships leading the way
Tanker consolidation could force new shipping money into bulkers, BRS believes Barriers to entry remain high in crude sector, broker argues
LNG bunker vessel hit by falling containers in Rotterdam Incident temporarily halted boxship refuelling operations in Dutch terminal
Container ship sinks near major tourist hot spot Feeder-size container ship Sealloyd Arc sank off the resort island of Phuket after taking on a severe list
AP Moller-Maersk swoops for eight large boxships at New Times Batch of 18,600-teu container ships will be delivered in 2029 and 2030
AET orders new dual-fuelled ethanol-ready suezmax shuttle tanker Company has already secured long-term employment contract for newbuilding
CMB.Tech may seek VLCC market exit after string of Sinokor sales, Fearnley says Belgian owner will be left with two big tankers on the water, plus another three on order
Commodities giants Mercuria and Tata International form trading and supply chain joint venture Swiss and Indian groups are already major charterers and control their own vessels
HD KSOE profit dips on 'one-off' performance bonuses Bonus payouts and offshore compensation offset improving productivity and foreign exchange tailwinds
India arrests three sanctioned Iran-linked tankers in operation to bust 'oil-smuggling racket' Coastguard said the operation was carried out west of Mumbai
Sinokor linked to purchase of CMB.Tech VLCC duo at strong price Owner banks $98.2m gain from twin tanker sell-off
Minerva Marine breaks 11-year suezmax order drought with Hengli deal Greek shipping company ordered two newbuildings with contract value up $200m
BW LPG lifts charter cover with three-year deals for two VLGCs Singapore owner says move is part of target to have 40% of fleet on term contracts
Greek panamax specialist Modion Maritime strikes twice on S&P market Tsatsakis family outfit buys two vessels in separate deals
Greek VLCC buy nets Asian seller $11m in profit after quick asset play Frothy spot freight rates for VLCCs are the primary driver of the S&P market, Greek shipbroker says
Aaron Ji-led Xiang Sheng adds two container ships on back of CMA CGM charters Company locks in long-term charters and steady cash flow with sistership deliveries
Minerva Marine breaks 11-years suezmax order drought with Hengli deal Greek shipping company ordered two newbuildings with contract value up $200m
How Carriers and Insurers Are Subsidizing Failure Three hundred bucks, some paperwork, and you're officially a motor carrier. But insurance, that was supposed to be different. That was supposed to be the moment where someone who actually understood risk sat across from you and asked the hard questions: Are you serious about this, or are you just playing trucker? That moment doesn't exist anymore for large parts of the market. And for the first t
Fuel Transport builds for the next cycle with expanded warehousing footprint Fuel Transport is taking a long-term view on growth, expanding owned warehouse infrastructure at a time when many logistics providers remain cautious. For Robert Piccioni, CEO of Montreal-based Fuel Transport, the strategy reflects years of disciplined investment and close collaboration with customers, not a reaction to short-term market swings. While Fuel operates primarily as a freight broker a
A Billion-Dollar Fix for a Distraction Problem Disguised as an Underride Problem On Feb. 4, a bipartisan group of lawmakers reintroduced legislation that would require side underride guards on all newly manufactured semi-trailers in the United States, reigniting a decades-old safety debate that pits grieving families against an industry staring down what the Owner-Operator Independent Drivers Association has called "one of the costliest federal trucking mandates in history."
Truck orders rebound in January, but recovery remains uneven North American commercial truck orders showed renewed momentum in January, with data pointing to solid year-over-year gains in Class 8 demand. However, January's rebound in truck orders reflects fleets finally executing delayed replacement plans rather than expanding capacity, according to reports from ACT Research and FTR Transportation Intelligence. "Some stabilization and improvement in the f
Corvus deploys autonomous inventory drones for warehousing Warehouse automation is entering a new phase, one driven less by fixed infrastructure and more by autonomous systems that can perceive, adapt and operate continuously inside live facilities. The next wave of FreightTech isn't just optimizing transportation lanes or digitizing workflows in the cloud. It's moving into the four walls of the warehouse, where physical AI is starting to replace manual
Augment brings institutional knowledge into the flow of freight Logistics has long depended on tribal knowledge, the unwritten rules and hard-earned judgment held by a small group of experienced operators. They know which carriers actually perform on certain lanes, how specific customers expect exceptions to be handled, and what worked the last time a shipment went wrong. That knowledge has powered freight networks for decades, quietly passed along through em
New Jaxport project to boost Toyota volumes A new Vehicle Processing Center at The Port of Jacksonville, Fla., is expected to boost Toyota's volumes at the maritime hub. The $145 million port project includes two state-of-the-art processing buildings with the addition of on-site rail connections and truck loading areas. The project by Southeast Toyota Distributors, the automaker's (NYSE: TM ) largest global independent distributor, relocat
FedEx group to buy InPost for European out-of-home parcel network A consortium of private investors led by FedEx on Monday reached an agreement on an all-cash offer to buy publicly traded InPost, a fast-growing express delivery firm based in Poland for 7.8 billion euros (equivalent to $9.2 billion) as FedEx moves to capture a larger share of the of the European B2C market. FedEx ( NYSE: FDX ), which would take a 37% stake in InPost, is partnered with private eq
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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