Cadeler adds 10th WTIV with delivery of Wind Mover Copenhagen-headquartered offshore wind farm installation specialist Cadeler announced November 28 the successful delivery of Wind Mover, the tenth vessel to join the company's growing fleet of next-generation wind turbine installation vessels (WTIVs).
Damen and Windcat unveil Innovation Series offshore support vessels Windcat signed a contract with Damen Shipyards Group for a new Multi-Purpose Accommodation Support Vessel (MP-ASV), introducing the Innovation Series. The agreement covers one vessel with options for five more. The MP-ASVs combine the large deck and subsea crane capabilities of traditional MPSVs with high-standard offshore accommodation. Measuring 102 m by 20 m, they offer 750 m² of deck space, a
Konecranes unveils electric reach stacker for greener ports Konecranes launched its first electric reach stacker at TOC Asia in Singapore, expanding its Ecolifting portfolio of low- to zero-emission port equipment. The new stacker, equipped with a high-performance electric drivetrain and high-energy Li-ion batteries, delivers up to 16 hours of operation, enabling efficient container handling without compromising productivity. The reach stacker will be imm
Damen launches Island Class 9 for BC Ferries Damen Shipyards Group has reached another milestone in its Island Class ferry program for BC Ferries with the launch of Island Class 9 in Romania. The vessel entered the water on November 19 at Damen Shipyards Galati. The launch follows the block assembly of Island Class 10 in October. Both vessels are part of an order for four ferries, following the delivery of the first six Island Class vessels
Lloyd's Register signs Global Partnership with EIC Lloyd's Register (LR) has entered a global platinum partnership with the Energy Industries Council (EIC), strengthening its role across international energy markets and major industry platforms. It is the first time LR has joined the EIC at platinum level. The agreement gives LR a high-profile presence at leading industry events, including ADIPEC, the Offshore Technology Conference and the World
Japan-US container exports fall 8.6% in October Container exports from Japan to the United States dropped 8.6% year on year in October to 53,298 TEUs, according to Descartes Datamyne and as Japan International Freight Forwarders Association (JIFFA) reported. Volumes rebounded sharply from September, rising 26.7%. For the first ten months of the year, total exports reached 528,492 TEUs, down 2.4%. Direct sailings accounted for 37,555 TEUs, a de
Neptune Pacific announces new BAF surcharge Neptune Pacific has advised customers that updated Bunker Adjustment Factor (BAF) surcharges will take effect on all shipments starting 1 January 2026. The revised charges apply across routes linking Australia, New Zealand and the South Pacific Islands, as well as inter-island trades. Under the new structure, shipments from Australia to the South Pacific Islands will carry a BAF of USD 356 per TE
Notable trend on Bangladesh infrastructure projects Major terminal investments signal South Asian nation's push to capture manufacturing flows fleeing China amid global infrastructure investments
ONE updates proforma for LUX service Ocean Network Express (ONE) has announced a proforma adjustment to its Latin East Coast Europe Express (LUX) service, aimed at improving schedule reliability, stability and overall service performance for customers. Effective from the NYK Diana voyage 0021S/N, the LUX service will adopt a revised port rotation. The current sequence - Rotterdam, Felixstowe, Hamburg, Antwerp, Lisbon, Algeciras, San
Maersk updates its Maersk Go Maersk has announced a series of updates to its Maersk Go product, with the full changes taking effect from 4 December 2025. Customers can now amend or cancel Maersk Go bookings directly through the online platform with instant confirmation, removing the need for manual email requests or waiting for case handling. During the amendment process, users will also be able to add value-added services t
General Average declared for ONE Henry Hudson Ocean Network Express (ONE) has confirmed that General Average has been declared by the owners of the ONE Henry Hudson after a recent fire incident at the Port of Los Angeles. According to ONE, the vessel's owners have appointed Richards Hogg Lindley as the Average Adjusters. The firm will oversee the collection of General Average securities and all required documentation from cargo interests. Th
DCSA releases new digital Arrival Notice standard The Digital Container Shipping Association (DCSA) has published its Arrival Notice 1.0.0 Standard, introducing a universal API designed to replace the fragmented, manual methods currently used to distribute arrival notices across the shipping industry. An arrival notice is a key document issued by carriers to consignees, notify parties or their agents to confirm that cargo is due to arrive at a d
Fire breaks out on Chiquita Voyager in Wilmington A fire broke out in the engine room of the Chiquita Voyager while the vessel was berthed at Wilmington's fruit terminal in Delaware, prompting a large multi-agency emergency response and resulting in injuries to four crew members. The incident occurred late morning on 26 November, when smoke was seen rising from the ship's superstructure. Port workers notified emergency services, and fire crews f
COSCO SHIPPING launches smart hazmat logistics hub in Tianjin COSCO SHIPPING and TEDA-Nangang have inaugurated a state-of-the-art hazardous materials (hazmat) logistics hub in Tianjin, marking a new era in safe and efficient hazmat operations for the Beijing-Tianjin-Hebei region. The new facility integrates cutting-edge technology and advanced logistics solutions to set a benchmark in the handling, storage, and transportation of hazardous materials. Among i
Sohar Port partners with Oman Arab Bank to advance sustainable infrastructure Sohar Port and Freezone, in partnership with Oman Arab Bank signed a financing agreement valued at US$ 220 million to support strategic expansion projects in the southern area of the Port, including the Marsa LNG project and Phase 2 of the Freezone expansion. This milestone marks a significant step toward strengthening the readiness of SOHAR's integrated ecosystem and reinforcing its role as a ke
ONE Henry Hudson docks as investigation continues Under the direction of the Unified Command, the container vessel ONE Henry Hudson was safely returned to Yusen Terminal at the Port of Los Angeles late Wednesday night. The vessel's arrival marks an important transition into the next phase of response operations, with cargo offloading and waste management now underway. Vessel Transit, Offload and Waste Management The vessel was escorted to berth
Wärtsilä signs 3-Year GAP agreement with SOMELEC in Mauritania Wärtsilä has signed a three-year Guaranteed Asset Performance (GAP) agreement with Société Mauritanienne d'électricité (SOMELEC) for its 34 MW balancing power plant in Nouadhibou. The plant, equipped with Wärtsilä 32 and 46 engines, plays a key role in stabilizing Mauritania's electricity supply. The agreement expands Wärtsilä's support from technical advisory to full lifecycle management, includ
Gibert partners with ID Logistics to modernize supply chain ID Logistics has partnered with Gibert to transform the retailer's logistics operations, supporting growth, e-commerce, and improved service quality. The agreement includes management of Gibert's historic Vitry-sur-Seine site since July 2025 and a full transfer to a new 6,000 m² facility in Le Plessis-Pâté in April 2026. The site, part of a 48,000 m² multi-client hub, will handle over 12 million
Lufthansa Cargo and CEVA Logistics sign long-term SAF agreement Lufthansa Cargo and CEVA Logistics have signed a binding agreement to use sustainable aviation fuel (SAF), formalising a partnership first announced earlier this year. The deal was signed on 21 November during CEVA's Airfreight Annual Strategic Partners Council in Paris. Under the agreement, CEVA will use SAF in 2025, cutting an estimated 8,000 tonnes of CO2 emissions. The framework agreement run
Korean shipping chooses strategic security over Chinese cost advantage HMM's US$1.46 billion order for eight containerships from HD Hyundai marks more than South Korea's largest domestic shipbuilding contract since 2007 it signals the container industry's first major structural response to Washington's emerging maritime containment architecture against Chinese shipyards
Kalmar to deliver lithium-ion forklifts to ArcelorMittal Kalmar has signed a new agreement with ArcelorMittal to supply a fleet of 12 medium forklift trucks, including two units equipped with its second-generation lithium-ion battery technology. The order was recorded in Kalmar's third-quarter 2025 results, with delivery scheduled for completion in the first quarter of 2026. The forklifts will operate in ArcelorMittal's steelmaking facilities, supporti
Forth Green Freeport secures business case approval The Chancellor of the Exchequer confirmed that the Forth Green Freeport has received final UK Government approval of their Full Business Case following approval from Scottish Government in October. Approval of the FBC represents an important step toward unlocking US$33 million of seed capital funding to support the reindustrialization of the FGF area to attract investors and deliver major economi
Winning back at Hengli for more VLOC newbuilds Singapore-based large bulkers specialist Winning International Group has returned to Hengli Shipbuilding for another round of very large ore carrier newbuildings, securing two more 325,000 dwt vessels to support its West Africa-China trade. Newbuilding sources say the latest contract follows the company's order last year for six ships of the so-called WinningMax class, with deliveries ...
Nadara secures 2.9GW floating wind pipeline amid BlueFloat's asset sell-off Edinburgh-based renewables developer Nadara has taken over full ownership of four Scottish floating offshore wind projects from partner BlueFloat Energy. This covers the 1.8GW Bellrock and 900MW Broadshore projects, and two small-scale Sinclair and Scaraben projects with a capacity of 100MW each. According to reports, Nadara and BlueFloat will retain their stakes in the 1.5GW ...
Hyundai Glovis clinches 15-year LNG newbuild deal South Korea's Hyundai Glovis has signed a long-term charter deal for liquefied natural gas (LNG) carrier newbuild with a global trading company. Under the agreement, the Seoul-based shipping arm of the Hyundai Motor Group will build a new 174,000 cu m unit to carry LNG under a contract lasting up to 15 years. The company ...
UK oil and gas sector set to lose $66bn over decision to retain windfall tax The UK government has announced during its presentation of the budget that the windfall tax, introduced in 2022, would remain in place until 2030. Under the windfall tax, formally known as the Energy Profits Levy, operators are handing over 78% of their profits to the UK Treasury-one of the highest rates in the world. According ...
Evalend adds to expanding suezmax line-up Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood to be scrubber-fitted and set to ...
Russia mounts comeback bid for IMO's top table Russia will find out today whether it has secured a return to shipping's regulatory inner circle - or whether the political freeze is set to continue. Russia is attempting to claw its way back into the International Maritime Organization's top decision-making body, setting up one of the most politically charged council elections in years at ...
Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates. Diana Shipping made its move on New York-listed Genco Shipping & Trading, tabling a cash ...
Marseille-Fos maps out $1.5bn expansion through 2029 France's biggest port has unveiled an investment plan of unprecedented scale as Marseille-Fos races to secure a stronger foothold in the Mediterranean container market. The new 2025-2029 strategic blueprint, approved this week, calls for up to €1.3bn ($1.5bn) in spending - triple the previous five-year cycle - as the port doubles down on terminal upgrades, ...
HMM orders four boxships at Hanwha Ocean In a busy week for HMM's expansion plans, South Korea's flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m. The ships will deliver in 2029. On Monday, Splash reported HMM had contracted HD Hyundai for eight 13,400 teu LNG dual-fuel containerships, in a deal worth $1.46bn. HMM ...
Waiting for the perfect alternative fuel isn't an option Peter Borup, the CEO of Quadrise, writes for Splash today. The maritime industry has a fuel problem. Despite a clear change in rhetoric in recent years regarding the need for shipping to decarbonise, 100% of the industry continues to rely, in some form, on fossil-fuel powered ships, whilst coal, oil and gas represent at least ...
Reaching net zero will take more than just the IMO, says LR's Brown IMO regulation alone cannot spur the trillions of dollars needed to decarbonise shipping, according to Lloyd's Register CEO Nick Brown:...
Russia fails in bid to rejoin IMO Council The Russian Federation received the least votes of the 11 nations standing to be part of the 'category A' group...
Iran and Venezuela are the shadow fleet's top recruiters Sanctioned crude barrels in floating storage are at an all-time high while there is less non-designated tonnage available, which is...
Parting of the ways on the Red Sea NYK's reluctance is understandable. But owners will be back sooner rather than later
Dry bulk's third quarter: weaker returns but optimism remains Some key names took some significant hits in their third-quarter results, but the bulk market's recovery continues as the year...
Bulk carrier values hold firm as strong freight rates support market Mid-sized segments have seen earnings converge recently, narrowing traditional asset value differentials between ultramaxes and kamsarmax bulkers
Industry still confused on FuelEU penalties Owners may find themselves inadvertently providing charterers with credit, Gard warns
GMF urges countries not to give up on green corridors The number of 'green corridor' projects to trial zero-emission shipping has reached 84, but most have struggled to get off...
The Daily View: The cheque's in the post
Economou orders up to 10 more LNG-powered containerships Latest big move by Greek owner's TMS Group appears speculative and brings recent investment in sector to more than $3bn
Eastern Pacific taps Hengli Heavy for tanker and boxship orders of up to $1.6bn The Chinese builder has secured close to 100 newbuildings as of November, extending its orderbook through 2029
Hyundai LNG Shipping set for sale to Indonesia's Sinar Mas Group Deal is still pending government approval
Daily Briefing MSC's ascent rewrites power balance and risk in container shipping | Russia says sanctions prevented it from paying IMO dues |...
CMA CGM poised to venture into India-Russia trade despite war sanctions The French carrier plans to enter the long-crimped trade lane via subsidiary brand CNC Line, with a targeted launch in January, market sources say.
Sanctioned suezmax tanker on fire in the Black Sea after 'external' impact Turkish authorities rush to evacuate crew from ballasting vessel off the Turkish coast
Capesize strength propels Baltic Dry Index above 2,500 points Availability of big bulkers stretched by long-haul bauxite trade
Hanwha Ocean raided over second shipyard fatality in two months Subcontractor was working on LNG carrier construction
Wavelength podcast: Diana hunts Genco. Is this the David and Goliath takeover of dry bulk? Plus, is a Red Sea return for shipping imminent and why green corridors are proving hard to deliver
Wilhelmsen buys $100m Treasure shares as it launches cash offer to minority holders Wilhelmsen holds 97% of the shares in spin-off
Turkish owner Ince Denizcilik stacks bulker sales and newbuilding deliveries Istanbul-based firm is said to be divesting three supramaxes as its new vessels pour in from China
Opec poised to reverse course on rolling output hikes Increased output has helped tankers secure blockbuster rates
Russia fails in bid to return to IMO top table Country comes last in vote for executive body for second time in two years
Bullish mood rolls on for modern LNG carriers amid hints of newbuildings offered for charter Rates steam ships rates tick up but from a weak base as vessels forced out of Western trades
Hope for tankers if Ukraine peace deal sealed UK expert explains how return of sanctioned barrels to world markets could actually be a good thing for mainstream owners
False flag raids: Four ships hit in shadow fleet crackdown The West African nation says it has contacted Interpol about vessels it says are using falsified documents
World's largest oil tanker owner sells VLCC as it makes way for new tonnage Cosco's energy shipping arm sells 19-year-old VLCC
Jinhui Shipping sees 'easing' volatility ahead as vessel sales loss hits bottom line Owner has fixed 65% of its capesize days and all of its panamax days for the first half of 2026
UK bulker blaze probe puts cargo screening firmly in the frame Accident report highlights importance of load monitoring after incident
Sonangol follows pool partner Stena in shipping out elderly suezmax tanker Disposal of a 2007-built ship is one of several reported in the million-barrel class
Moundreas banks premium on capesize asset play as big bulker freight rates soar Greek shipping clan squeezes juicy profit out of 14-year-old capesize it acquired in 2020
India snaps up Russian oil cargoes ahead of US sanctions Major refiners stepping back after US blacklistings
Centrica signs up to supply LNG into newly moored up FSU for Honduras First imports of natural gas due next year for Central American nation
Odfjell veteran Knut Henrik Holsen bows out with words of advice after 43 years Norwegian chemical tanker expert urges young colleagues to seize their opportunities as his own globe-trotting career draws to a close
'Disruptive' new vessel contracted by Spanish shipowner Dutch shipbuilder Neptune Marine to deliver hybrid ship for Zumaia Offshore
Gard veteran jumps ship to Swedish Club Terri Jay will tap worldwide markets providing insurance for charterers and traders
Greek elite pays respects to late tycoon Vardis Vardinoyannis Event brings together the country's shipping, political, economic and media leadership
Italy's Medov Group joins forces with Castelbarco Albani family ship agency in share deal New alliance broadens reach of group that also has chartering and shipping operations
Sanctioned tanker held up in India over online insurance checks India has tightened insurance rules for older vessels calling at its ports
Project finance investor raises shipping wager amid geopolitical tensions Firm increases exposure to dry bulk and MPP segments
Greece's Super-Eco Tankers inks up to four product tankers in China Tomasos family-controlled company is the third Greek shipowner to place orders at the revived Chinese shipyard
South Korean shipbuilder Hanwha Ocean confirms HMM's container ship quartet Contract win beefs up Hanwha's total sales for 2025 to $7.37bn
Idan Ofer splashes up to $1.6bn on 12 newbuildings at Chinese shipbuilder Hengli Eastern Pacific has 18 newbuildings worth around $1.7bn on order at the Dalian-based shipyard
Greece's Super-Eco Tankers inks up to four product tankers at Yangzhou Guoyu in China Tomasos family-controlled company is the third Greek shipowner to order newbuildings at revived Chinese shipyard
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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