GXO appoints two new board members GXO Logistics has appointed Patrick Byrne and Michael Kneeland to its board of directors, effective immediately. The move comes as part of a broader board refresh. Five new directors were elected in May. The board now includes ten members, nine of whom are independent. At the same time, Dr. Jason Papastavrou has stepped down from his role. "With a new CEO set to take the helm next month, it's bee
Hiab completes sale of MacGregor Hiab has officially closed the sale of its MacGregor business to investment firm Triton. The deal was first announced in November 2024, when Hiab, then operating as Cargotec, signed the agreement. Since then, the sale has gone through several regulatory reviews. By 1 July 2025, most approvals were in place, including the green light from the European Union. However, clearance from China's SAMR wa
WNS joins DCSA+ to boost digital shipping WNS has joined the DCSA+ Partner Programme. The move supports faster adoption of digital standards in container shipping. WNS is a global business transformation company. It works with over 700 clients across eight industries. In shipping, it provides AI-driven tools for booking, documents, equipment, customer service, finance, and ESG reporting. "Joining DCSA+ is a natural extension of our commi
Voyager gets boost from Motion Ventures Maritime tech company Voyager Portal has landed fresh funding from Singapore-based investor Motion Ventures to drive global growth and product development. The platform helps commodity traders, charterers, and brokers digitize complex voyage operations. Instead of spreadsheets and long email chains, users get a streamlined, centralized system for managing voyages, demurrage, and freight costs. Th
HHLA appoints new CEO HHLA announces the appoint of Jeroen Eijsink as Chief Executive Officer with effect from 1 October 2025. The appointment is initially for a term of three years. Jeroen Eijsink has been held various top management positions at Deutsche Post DHL, C.H. Robinson and Girteka, and will succeed the current Chief Executive Officer, Angela Titzrath, who will leave the company on 30 September 2025 after ni
Iran's shipping sector navigates a new crosscurrent after US sanctions In a decisive move signaling a return to hardline pressure tactics, the US Treasury Department this week announced sweeping sanctions on over 115 Iran-linked individuals, entities, and vessels. Among the primary targets: Mohammad Hossein Shamkhani, son of senior Iranian official Ali Shamkhani, accused of orchestrating a clandestine maritime network responsible for exporting sanctioned Iranian and
Bunker indices move in different directions Global bunker indices tracked by Marine Bunker Exchange (MABUX), continued to move in different directions. The 380 HSFO index rose by US$7.71, gradually approaching the US$500.00 threshold. The VLSFO index also showed growth, climbing by US$6.70, to US$561.88/MT. In contrast, the MGO index declined slightly by US$0.31, although it still remains near the US$800 mark. "There are signs of a resumpt
CMA CGM is enterring the battle for Hutchison: What's the strategy behind? The competition over Hutchison Ports is emblematic of a broader geopolitical and commercial battle unfolding within the global maritime sector. The interest of CMA CGM in Hutchison's terminal assets, especially after the lapse of exclusivity in the BlackRock-MSC deal, is not just a corporate maneuver, it reflects the strategic realignment of global shipping powers amid intensifying US-China rival
Container stocks July: A rollercoaster month for shipping giants July Market Overview: Volatility and Mixed Performance The month of July brought a wave of volatility and standout moves across the global container shipping sector, as container stocks July performance data revealed a blend of sharp gains, steep drops, and resilient holds. With shifting global demand, ongoing supply chain recalibrations, and investor sentiment playing their roles, this monthly r
Strong second-hand demand for container ships buck downward freight trends Sales and purchases of container ships remained resilient in the first six months of 2025, with 191 cellular vessels changing hands for further trading, for a total of 526,523 TEU, said Alphaliner today
Sea-Intelligence: MSC's gain, Maersk and COSCO's loss In issue 725 , Sea-Intelligence reviews the developments in capacity market shares of the current top-10 container shipping lines, and their analysis reveals a dramatic consolidation in the container shipping industry over the past 15 years, with the market share of the current top-10 global shipping lines growing from 55% in 2010 to 86% in 2025. As Figure 1 shows, the growth was almost entirely
PortSide Stories: Introduction A fresh look at life around the world container ports. At first glance, a container port might seem like a purely industrial zone, busy, functional, and strictly professional. But just beyond the cranes, cargo, and control towers lies a different reality: streets full of culture, flavors, and everyday life. That's where PortSide Stories comes in . This new column explores the world beyond the ter
Fincantieri secures €395M Schuldschein loan Fincantieri has successfully completed a €395 million Schuldschein loan placement, following strong investor interest. The original target was upsized as demand exceeded expectations. The loan, issued under German law, is unsecured and split into two tranches. One matures in July 2028, and the other in July 2030. A total of 16 banks and financial institutions - both national and international - p
"K" Line opens new office in Doha Kawasaki Kisen Kaisha, Ltd. ("K" LINE) has opened a new representative office in Doha, Qatar. The office officially launched on June 15, 2025, and will begin business operations on August 3. The move marks a strategic expansion in the Middle East. Qatar is one of the world's top producers and exporters of natural gas and LNG. Its energy output is expected to grow in the coming years. The country
Colonna named new President of Long Beach Harbor Commission Frank Colonna is the new President of the Long Beach Board of Harbor Commissioners. The five-member board oversees the Port of Long Beach. Colonna had been serving as Vice President. He'll take over from outgoing President Bonnie Lowenthal on August 6. Steven Neal was elected Vice President. Sharon L. Weissman will serve as Secretary. The new officers begin their roles August 6. "I am honored by
ONE Europe renews and expands ISO 14001 Certification Ocean Network Express (ONE) Europe has renewed its ISO 14001:2015 certification, now covering a wider range of inland logistics. The expanded scope includes not only inland transportation procurement but also container depot handling, maintenance, and repair across Europe and Africa. Firstly, this builds on ONE's existing certification for marine operations and strengthens its environmental manag
US trade deals won't save slumping container market Do not expect the EU-US tariff agreement or US-China negotiations in Stockholm this week over a new trade deal to breathe life into ocean container shipping demand or halt the dramatic decline in freight rates in 2025, analysts warn. Latest data from Xeneta - the ocean and air freight intelligence platform - shows average spot rates from China to the US West Coast are down 59% since 1 June at US$
TecPlata launches shuttle service linking Argentina and Uruguay TecPlata, the Buenos Aires terminal operated by International Container Terminal Services, has launched a new regular maritime service connecting the Port of La Plata in Argentina with the Port of Montevideo in Uruguay. This new 3S Shuttle Service Solution was introduced in partnership with Independencia Shipping Lines offering the Argentine market an efficient alternative amid growing cargo volu
Costamare reveals four-ship newbuild play in China Greek containership owner Costamare is the latest liner player to return to the newbuilding market, revealing an order for four 3,100 teu vessels from an undisclosed Chinese shipyard. The New York-listed company said in its second-quarter earnings that the newbuilds will deliver between the second and fourth quarters of 2027, and each vessel will go ...
Nexans and Crowley team up for first Jones Act cable lay barge France's Nexans has partnered with US-based Crowley Wind Services to develop and operate the first Jones Act-compliant cable lay barge, tailored for offshore wind, telecom, and subsea industrial cabling. The 300-foot barge, built in Louisiana and tested in the Gulf of Mexico to Nexans' specifications, will be operated by an American crew. It's currently working ...
Ardmore snaps up trio of modern MR tankers Ireland-based tanker owner and operator Ardmore Shipping is growing its product tanker fleet with the acquisition of three modern MR vessels. The New York-listed firm revealed in its quarterly earnings report that it had agreed to acquire an unnamed trio of Korean-built units for nearly $104m. The acquisition involves two transactions: one 2020-built scrubber-fitted vessel ...
SSY moves into nuclear fuel markets UK shipbroking group SSY is bolstering its commodities arm, SSY Futures, with the acquisition of Uranium Markets, a US-based nuclear fuel brokerage. The acquisition gives SSY a foothold in the nuclear energy market - a sector gaining traction as global energy demand rises and digital infrastructure and AI priorities place renewed emphasis on stable, clean ...
Discount hotel rooms go on sale for next year's Geneva Dry Special priced hotel rooms are now ready for booking for next year's Geneva Dry, the world's premier annual commodities shipping summit, scheduled for April 28 and 29. Organisers have secured room discounts at the Hotel President Wilson, the five-star establishment hosting the event. Facing Lake Geneva and minutes away from the most beautiful parks and ...
Canada maps out first offshore wind energy areas Canada has designated its first four offshore wind energy areas (WEAs) off Nova Scotia, pressing ahead with plans to license 5GW of offshore wind capacity by 2030. The zones include French Bank, Middle Bank, Sable Island Bank, and Sydney Bight, with the aim of launching a competitive call for bids later this year. The designation ...
US axes all offshore wind areas The US Bureau of Ocean Energy Management (BOEM) has formally rescinded all designated Wind Energy Areas (WEAs) on the Outer Continental Shelf. The move affects over 3.5m acres of previously targeted offshore wind zones, covering areas such as the Gulf of America, Gulf of Maine, New York Bight, California, Oregon, and the Central Atlantic. The ...
Dutchman appointed CEO of Germany's largest port Hamburger Hafen und Logistik AG (HHLA) has appointed Jeroen Eijsink as CEO with effect from October 1. Eijsink, 52, has more than 25 years of international experience in the logistics and transport industry. Born in the Netherlands, he started his career at Siemens in what was then the digitalisation division and took on various management ...
South Korea to invest $150bn in US shipbuilding South Korea has agreed to invest $150bn into a dedicated US shipbuilding revitalisation fund, as part of a $350bn bilateral trade agreement signed Wednesday in Washington. The move-touted as the largest Korean industrial investment in US history-aims to inject new life into America's struggling shipyards while simultaneously granting Korean shipbuilders a critical foothold in the ...
Seatrium resolves fines linked to Brazilian corruption probe Seatrium has finalised settlements with Brazilian and Singaporean authorities over its role tied to Brazil's high-profile "Operation Car Wash investigation. The Singapore offshore and marine yard group, formerly known as Sembcorp Marine, will, under a leniency deal with Brazilian prosecutors, pay about $130m. In Singapore, a deferred prosecution agreement (DPA) requires payment of $110m, although
US Treasury unleashes largest Iran shipping sanctions since 2018 In its most expansive sanctions package against Iran in nearly seven years, the US Treasury has imposed sweeping measures on over 100 individuals, companies, and vessels linked to Iranian maritime and sanctions-evasion network. The action, unveiled Wednesday, is aimed at dismantling what the US calls a "shipping empire" at the heart of Iran's illicit oil ...
Saipem scores rig extension deal in Norway Italian energy services major Saipem has confirmed that Aker BP has exercised its latest contract extension for the semisub drilling rig Scarabeo 8, securing continued work through to the end of 2027. The extension follows the previous one-year renewal and will see the sixth-generation rig continue operations on the Norwegian Continental Shelf, including the Barents ...
CMA CGM invests in Finnish clean tech firm CMA CGM has become the latest shipping firm to invest in Finland's Hycamite, a clean tech company. Hycamite will begin operations shortly at its recently completed industrial-scale methane-splitting plant in Kokkola, Finland, the largest in Europe. This breakthrough technology produces low-carbon hydrogen and high-value solid carbon products from methane. CMA CGM has among the most ...
Stack collapse on Evergreen ship off Brazil The Evergreen-operated containership Ever Feat berthed in Montevideo on the afternoon of 29 July, following a stack collapse off the coast of Brazil. The vessel, en route south from Navegantes, had suffered structural damage amid heavy seas encountered near Rio Grande. Upon arrival at Montevideo, port authorities reported that between 30 and 40 containers had ...
How marine service providers are helping shipping meet its sustainability goals A contribution from RMS Marine. As global trade continues to expand, the maritime industry is facing increased pressure to reduce its environmental impact. Rising sea levels, pollution, and climate change have made it clear that sustainable practices at sea are no longer optional-they're essential. Marine service providers are now rethinking their roles, adopting new methods, ...
Performance eyes more acquisitions Greek tanker owner starts taking delivery of several newbuildings, but also has an interest in selective secondhand buys
Capital Clean Energy Carriers 'encouraged' by brighter LNG shipping picture Uptick in scrapping and slowdown in new orders cited among reasons for cheer about longer term
Costamare orders first new boxships for seven years Eight-year charters confirmed for quartet of 3,100 teu vessels from unnamed Chinese builder
Scorpio Tankers piloting onboard carbon capture Scorpio Tankers has installed a new onboard carbon capture system made by a US-based start-up on an LR2, saying it...
Ukraine to sell seized cargoship Ukraine's message is quite clear: if you call at an occupied port, we will seize and sell your vessel, even...
Crushing by cargo biggest cause of dockworker deaths Trade association analyses data since turn of century
'Parking ticket' detention did trigger total loss payout, Court of Appeal holds Win for Win Win bulker
HHLA appoints former DHL boss as chief executive Angela Titzrath announced last month she would step down at the end of 2025 after nine years in the top...
The Daily View: Cloudy with a chance of sanctions
Boxship newbuild orderbook nears 10m teu as focus switches to smaller vessels Over 60 containerships alone were ordered in July, with the majority being of between 1,800 teu and 4,000 teu
Seoul pledges $150bn investment in US shipbuilding revival under new trade deal South Korea and the US will establish a co-operation fund with billions of dollars in investment under the 'Make American...
Sweeping US sanctions target over 100 ships and entities linked to son of Iranian political adviser In what it said was its largest action since 2018, the US sanctioned almost 150 vessels, entities and individuals on...
Daily Briefing Chinese players weigh sanctions risks and shadowy rewards | Iraq flags illegal tanker loadings amid US pressure on Iran links...
CH Robinson cautious on second-half outlook amid trade volatility Company executives pointed to the rollout of the Trump administration's tariff policy in April as driving disruption throughout the second quarter.
DB Schenker adds to DSV coffers as multi-year integration begins DSV will start adding the first few country operations of DB Schenker into its network from Aug. 1 in an integration process expected to be completed by 2028.
Busan aims to boost transshipment volumes with new $573 million feeder terminal Development of the new terminal comes as gains in transshipment volumes are outpacing the increase in gateway cargo at Busan, where transshipment business has been bolstered by the launch of the Gemini Cooperation earlier this year.
LTL carriers expanding US networks despite low freight demand Well-financed LTL trucking companies are investing in network expansion despite flat revenues and falling shipment counts as shippers demand more speed.
India-US carriers likely to kill August rate hikes amid new tariff uncertainty Local liner sources who spoke with the Journal of Commerce signaled that carriers would cancel increase notices scheduled for Aug. 1 and instead extend existing prices through the first half of the month.
Teekay Tankers to up pace of vessel buying - and maybe order newbuildings After focusing mostly on selling older tonnage, chief executive Kenneth Hvid says a gradual shift is ahead
Teekay Tankers adds to flurry of S&P deals as it reports posts profit dip Market dips in third quarter so far but seasonal upswing expected
'Ripple effects': EU-US deal bodes well for LNG shipping, says Capital Clean executive US-listed owner of last-generation gas carriers sees trade agreement already making waves in the charter market
DHT Holdings locks in funding for VLCC newbuildings New York-listed tanker owner funds to cover ships being built at Hyundai Samho and Hanwha
Chinese and Korean shipbuilding heavyweights fight for huge CMA CGM order French line mulls order for up to 12 LNG dual-fuelled newbuilds
Shell: LNG Canada cuts shipping time to Asia in half over US Gulf projects Liquefaction development suffering teething problems after June start-up
Marinakis-backed Capital Clean Energy hails LNG upturn as it banks newbuilding loan Owner clinches financing for LCO2 newbuildings while Greek property investor expands stake
D'Amico stays upbeat after sharp drop in profits Fundamentals are solid as structural shifts favour product tankers, says CEO
Costamare adds newbuilding quartet, and banks loan cheques worth $365m Orders follow dry bulk arm spin-off and fit with industry trend
Oslo car carrier shares stand firm on US-South Korea trade deal Investors are not flocking to stocks despite the lowering of automobile trade barriers
Star Bulk strikes fresh supramax sale in busy July S&P market Upbeat freight rate sentiment plays into the hands of major shipping firms offloading some of their oldest vessels
Brazil closes in on building own ship recycling industry Legislation aims to align Brazil with EU and IMO recycling rules
Golar LNG signs up Stephen Schaefer as new board member US finance, gas and electricity markets name comes on board
Dry bulk sector searches for a spark after muted first half This week's Streetwise takes a second look at earnings season from the dry side
Former Russian oil shipping executive sanctioned over ties to Iranian oil kingpin US links French-British veteran to Shamkhani network
Maritime education must change to secure the world's seafaring future Shipping faces a talent drain and has to come up with ways to attract more young people
LNG Canada cuts shipping time to Asia in half over US Gulf projects, Shell says Liquefaction development suffering teething problems after June start-up
SSY buys uranium-focused commodities brokerage to target rising nuclear power demand Group plans to dominate the niche and develop uranium derivatives
Subsea 7 adds to backlog with revenue target still in sight Conventional oil and gas work continues to be company's biggest money-maker
Greek bulker player W Marine eyes first boxship newbuildings Owner John Sarantitis signs tentative deal for up to four feeder container ships at Huanghai Shipbuilding
South Korea seals trade deal with US after $150bn shipbuilding pledge South Korea had been facing a 25% general tariff rate before the deal
US ramps up Iran sanctions as it targets more than 60 ships in Shamkhani 'empire' Latest round of US sanctions spans nearly 150 vessels, entities and individuals around the globe but mainly in Asia
Exploded tanker embroiled in end-of-life legal battle between owner and a scrap trader Cash buyer Columbia Seas claims owner of damaged Fulda tried to 'wriggle' its way out of a deal
Seatrium shakes off Brazilian scandal to post 301% surge in profit Company has already made provision for its $188m penalty to Brazilian and Singapore authorities
Damaged tanker embroiled in end-of-life legal battle between owner and a scrap trader Cash buyer Columbia Seas claims the owner of the damaged Fulda tried to 'wriggle' its way out of a deal
Swiss bank UBS wins court fight with shipowner Ghassan Ghandour over tanker arrest Judge rules against shipowner who blames VLCC arrest on bank's refusal to issue letter of enjoyment
Why a French shipping magnate with US ties is interested in China-owned port terminals Liner operator CMA CGM said it is interested in buying CK Huchison's global marine terminals.
Rail deal will open new markets for top US container port The Port of Los Angeles is poised to reap the benefits of Union Pacific's acquisition of Norfolk Southern, its top executive says.
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