Conrad reports improved 2024 operating results Morgan City, La.-headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) has reported 2024 results that included net income of $11.2 million and income per diluted share of $2.24 for the twelve months
Steerprop solutions selected for FSV set to operate in harsh Canadian offshore conditions The new field support vessel (FSV) being built by Crist S.A. in Gdynia, Poland, to operate on the Grand Banks off the coast of Newfoundland and Labrador, Canada (see earlier story), will
Hapag-Lloyd applies GRI from Asia to Latin America and Caribbean Hapag-Lloyd said that a General Rate Increase (GRI) will apply to shipments from Asia to the West and East Coasts of South America, Mexico, Central America, and the Caribbean, starting 15 April and 28 April for Puerto Rico and the US Virgin Islands. This GRI applies to cargo in 20' and 40' dry containers, including high cube and non-operative reefer containers, as follows: 20' Dry Container: US$5
Port of Barcelona opens first OPS for ferries at Grimaldi Terminal Barcelona The Port of Barcelona has announced that its first Onshore Power Supply (OPS) for ferries is now operational at Grimaldi Terminal Barcelona, on Sant Bertran wharf. This OPS supplies 100% renewable electricity daily to the ferries connecting Barcelona with the Balearic Islands, allowing them to turn off their engines, preventing emissions and noise. The entry into service of the OPS for ferries co
European ports are getting ready for the market uptake of new shipping fuels European ports fully support the decarbonisation efforts to be made by shipping companies to get to net-zero by 2050. While it seems that energy efficiency measures, use of onshore power supply and use of transition and renewable/low carbon fuels will allow shipping companies to comply with the EU emission reduction targets in a first phase, the European Sea Ports Organisation (ESPO) understands
Container Shipping Sector: Monthly Stock Highlights The container shipping sector faced a turbulent March as shifting trade dynamics, geopolitical tensions , and fluctuating demand sent stock prices on a rollercoaster ride. While some companies demonstrated resilience through long-term contracts and strategic positioning, others grappled with spot rate volatility and overcapacity concerns. From Maersk's steadying influence as an industry bellwethe
Geopolitical Implications of CK Hutchison Port Sale for China A social media post from a China Central Television-affiliated account briefly surfaced on 29 March, criticizing CK Hutchison's decision to divest its Panama Canal-proximate ports to a consortium of BlackRock and MSC. The post, which was quickly removed, claimed the sale compromised China's significant national interests, likening it to "handing a knife to an opponent"
Duvenbeck Group appoints new Chief Commercial Officer Marco Nazzari joins Duvenbeck Group as the new Chief Commercial Officer (CCO), bringing over 30 years of executive leadership experience and a strong focus on scaling commercial performance. Having held senior positions in sales and operations at DP World, CEVA and Crane World Wide, Marco Nazzari will focus on driving the company's commercial initiatives, while ensuring growth and collaboration a
Port Houston faces weather disruptions in February, expects recovery in March Port Houston has been impacted by fog, with total tonnage at the US port terminals down in the first two months of the year. Port Houston handled 325,424 TEUs in February, translating to a 13% decline year-over-year. In particular, loaded imports fell 14%, and loaded exports declined 16% in the second month of the year compared with the same month in 2024. Port Houston said general cargo is up 9%
GRIs and blank sailings halt long-haul rate slide Mainline operators achieved their first rate gains of 2025 by implementing general rate increases (GRIs) for 1 April, according to Linerlytica's report
Copenhagen Malmö Port to receive new STS cranes Copenhagen Malmö Port's (CMP's) new STS-cranes, which will be installed at the new container terminal in Ydre Nordhavn, have begun their journey to Denmark. CMP is expected to start receiving the new Konecranes equipment by the end of this week. These large cranes will be shipped one at a time to the new container terminal in Ydre Nordhavn and are expected to arrive a few weeks apart. "The cranes
CMA CGM sues Houston supplier over contaminated bunker fuel French shipping company CMA CGM has filed a lawsuit against GCC Supply & Trading, an oil & natural gas company based in Houston, in a Texas court, seeking over US$5 million in damages over an alleged case of contaminated bunker fuel dating back to 2023. The Marseille-based ocean carrier claims that 13 of its vessels suffered damage after taking on Very Low Sulphur Fuel Oil (VLSFO) in Houston duri
India's Tanker Entry Denial May Signal Shift in Shipping Ties with Russia The recent denial of entry by Indian authorities to a ship carrying Russian crude oil due to lack of proper documentation may signal broader geopolitical implications for both nations. The Indian shipping industry's relationship with Russia has evolved significantly in recent years, driven by geopolitical shifts, economic necessities, and strategic partnerships. This relationship is deeply intert
Hefty US port fees to hit ZIM and CMA CGM hardest Alphaliner's analysis shows that ZIM Line and CMA CGM will be the worst hit should US President Donald Trump succeed in implementing hefty port charges for ship operators with Chinese-built ships
Wan Hai christens new 13,100 TEU container vessel Continuing its fleet expansion and modernization efforts, Taiwanese shipping company Wan Hai Lines held a ship naming ceremony for its 13,100 TEU newbuilding Wan Hai A18 on 27 March at Samsung Heavy Industries Geoje shipyard in South Korea. Yung-Chen Huang, President of Mega International Commercial Bank Co., performed the christening rituals, bestowing blessings on the vessel for good fortune an
What Is Time Theft, and How Can It Be Prevented Time theft is a common issue in many industries. Basically, staff use all sorts of methods to trick their employees without suffering any consequences. The odds of time theft increase as staff experience burnout or unfair working conditions. However, there are those who'd still be from the company, no matter what. In this article, we'll explain the issue and suggest a few solutions for its preven
CLdN announces major investment in UK terminal Luxemburg-headquartered logistics company CLdN announced a major investment plan for its UK terminal at Killingholme on the River Humber. The project will be completed in the second half of 2026 and is expected to significantly enhance cargo-handling capabilities at the terminal. It will support the projected volume growth on CLdN's North Sea connections between Killingholme and the company's ter
GPS Tracking and Telematics: How Technologies Increase Fleet Efficiency The main objectives of companies operating in the field of freight transportation are to reduce costs and increase efficiency. Modern technologies are used for this purpose. They are becoming a key tool in fleet management. Using specialized equipment and software, which can be ordered at https://fleetchaser.com/ , you can organize a highly effective monitoring and tracking system. Therefore, sol
US bulker outfit Pioneer Navigation shuffles leadership team US dry bulk shipping player Pioneer Navigation has reshuffled its leadership team. The Stamford-based company founded through the combination of Nassau-based Pioneer Navigation in the Bahamas and dry cargo brokerage Atlas Shipping has named Peter Bro as its new president. Bro, who spent about 20 years at Lauritzen Bulkers, joined Pioneer Navigation last September as ...
TGS gets OBN work in Gulf of Mexico Oslo-listed seismic data specialist TGS has kicked off a new multi-client ultra long offset OBN data acquisition campaign in the Gulf of Mexico. The so-called Amendment 4 project will expand node coverage in TGS' multi-client library, adding over 1,100 sq km in the Mississippi Canyon, Ewing Banks, and Grand Isle South areas. The project, supported ...
The first domino? Capesize asset valuations point the way to market rebalancing Lower earnings and values for the dry bulk sector are on the way, with the biggest ships leading the way, writes Will Fray, a director at Maritime Strategies International. New analysis by Maritime Strategies International suggests a divergence between Fair Market Value (FMV) of dry bulk assets and their value on a Discounted Cash Flow ...
CMA CGM sues Houston bunker supplier for $5m French liner giant CMA CGM is suing GCC Supply & Trading for more than $5m at a court in Texas over an alleged case of contaminated bunkers dating back to 2023. CMA CGM claims 13 of its vessels were damaged when it took on VLSFO fuel at Houston in the first half of 2023. "Shortly ...
MOL sends ageing LNG carrier for demo One more steam turbine LNG carrier has been sold for demolition this year. Brokers report that Japanese shipping giant Mitsui OSK Lines (MOL) has disposed of its 2004-built Dukhan for around $20m. The final destination of the 137,457 cu m ship, which has been idle in Malaysia since last September, has not been revealed. One ...
Japanese bulker tonnage appreciates in price significantly Sales activity remains brisk in the dry bulk market, especially in the supramax sector, with a notable firming of values. Brokers are reporting increased Japanese- and Korean-built vessel sales candidates being circulated for sale. The news follows last week's public hearing held by the US Trade Representative (USTR) looking into China's dominance in shipbuilding, including ...
Valaris adds $352m to backlog with new drillship deal New York-listed offshore driller Valaris has won a new contract in Africa for one of its drillships. Valaris said in a statement that its Valaris DS-10 drillship was awarded a two-year contract offshore West Africa. The new deal with the undisclosed client is expected to begin in the second or third quarter of 2026. The ...
Woodside picks SLB for drilling services on Trion project off Mexico Houston-based oilfield service giant SLB has been awarded a contract by the Australian oil and gas company Woodside Energy for drilling on its ultra-deepwater Trion development project offshore Mexico. SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. The ...
Eiffage buys HSM Offshore Energy French civil engineering construction company Eiffage has signed an agreement to acquire 100% of HSM Offshore Energy through its subsidiary Smulders. HSM Offshore Energy is an EPCIC solution provider, particularly of electrical and mechanical systems for offshore energy projects. The company is also focused on topsides for emerging new markets like CCS and hydrogen. The ...
Seven Islands Shipping doubles down on clean tonnage Clayton Pinto-led Seven Islands Shipping, a Mumbai-based tanker specialist, has paid $11m for the 13,200 dwt Owl 3-its second 2010-built clean tanker acquisition in under a year. The ship is listed as sold by clean tanker specialist Interunity Management. In recent years, Fairfax Financial Holdings-backed Seven Islands has focused on adding MR-sized tankers and smaller chemical ...
Costamare unveils leadership of bulker spin-off Greek shipowner Costamare has lined up a management team for its dry bulk business spin-off. Costamare Bulkers, a separate entity set to be listed on the New York Stock Exchange, will be headed up by Costamare's chief of finance, Gregory Zikos. Supporting Zikos at the outfit, which will own nearly 40 vessels in addition to ...
Beijing looks to put the brakes on the sale of Hutchison Ports Beijing has moved to prevent the sale of CK Hutchison's ports division to BlackRock and Mediterranean Shipping Co (MSC), a transaction that was meant to have gone through tomorrow. The decision last month by the Li Ka-shing-controlled conglomerate to sell 80% of Hutchison Ports for $22.8bn in a record-breaking ports transaction that covers 43 ports ...
Shipping and scenario planning How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be plausible. The idea is that by analysing these ...
'Thermonuclear' port fee-tariff combo: Shipping 'disaster' or will rates go 'ballistic'? Shipping forecasts are having a 'chaos theory' moment. Trump tariffs and US port fees imply a volatile mix of positives...
Green freight buyers' club needs the IMO's help Group of freight buyers, including Amazon and Ikea, says countries must agree on adequate financial rewards for e-fuels, a lifecycle...
Uncertain investment climate highlights need for P&I underwriting discipline, Swedish Club warns Managing director Nordberg 'really happy and proud' with results just published, but market volatility beyond marine mutual's control
Weak newbuilding activity behind green fuels' slow start to 2025 Class society says general reluctance to order new ships, rather than a problem specific to alternative fuels, is behind the...
Terminal control will give Gemini flexibility, says APMT The Gemini Cooperation has promised schedule reliability of more than 90% and early indications using Sea Intelligence data are good
Don't make me do it: Beijing turns up pressure on CK Hutchison's port deal Beijing is pressuring CK Hutchison to reconsider its $22.8bn global port sale, signalling strategic concerns and potentially steering the deal...
South Korea will provide finance to small- and medium-sized domestic shipping companies Support provided not only for the purchase of the carriers but also for ship-operating leases and vessels' green retrofitting
All lower-carbon fuels should be encouraged, says Maria Angelicoussis Angelicoussis Group chief executive argues that penalising LNG or any other 'credible decarbonisation pathway' would be a setback to net...
Feeders still dominate boxship charter market as tonnage supply stays limited CMA CGM has been the most active in arranging new fixtures or extending existing charters
Trafigura pays more than $150m to settle cases in US and Brazil US Department of Justice has been investigating conduct by former employees in Brazil that took place more than 10 years...
Cosco Shipping appoints Li as new vice-president Li's telecom experience puts him in a good position to drive the shipping group's digitalisation initiatives
Iran says it seized two tankers for smuggling diesel State-owned Iranian media reported on Monday the IRGC seized two tankers in the Middle East Gulf for smuggling diesel. According...
Daily Briefing BIMCO and ECSA leaders dismiss benefits of US port levies | Iranian LPG continues to dominate Houthis' imports as Ofac...
April blank sailings ramp up amid push to finalize long-term contracts A total of 68 sailings globally are expected to be canceled during April, according to maritime consultancy Drewry, with about half of the cancellations in trans-Pacific services.
Disrupted cross-border freight shipping braces for US tariffs As shippers race to get goods from Mexico and Canada into the US before full implementation of 25% tariffs Wednesday, they're beginning to rethink supply chains.
Norfolk Southern launches program to certify carbon emissions The initiative, called RailGreen, will allow intermodal customers to purchase verified carbon certificates reflecting their use of lower-emission freight options.
The Buyer's Guide to Automation Future-proof your architecture with Camunda's process orchestration buyer's guide.
Could US port fees push tankers toward a 'trifurcated' market? US fees on Chinese-built ships could further split an already fractured fleet
Here's how Trump's MARAD pick believes technology can fuel a US shipping 'revolution' From 3D-printed containers to vertical heavy-lift systems, new book lays out Brent Sadler's call for a government technology incubator
Viewpoint: Why the IMO should ban the 'false choice' of scrubbers Clean Arctic Alliance's Eelco Leemans says impending MEPC meeting is a chance to revisit exhaust gas cleaning systems
Repsol tanker pulls Venezuelan call after US revokes more licences Monte Serantes docks in Mexico following further measures from Trump administration
Marinakis to steer Chinese-built ships away from US trading if port-fee scheme ensues Greek tycoon describes recession in Europe as 'inevitable'
Lars-Christian Svensen takes over from Herman Billung at 2020 Bulkers and Himalaya Shipping Svensen has been chief commercial officer since leaving Golden Ocean last year
Steady demand steers panamax market to six-month highs Lower Colombian coal exports may dent demand for gearless vessels
Peter Bro takes top job at Pioneer Navigation seven months after leaving Lauritzen Bulkers US bulker operator also adds Star Bulk executive to expanding team
Finland's Langh Ship gets $38m financing for two newbuilds from KfW IPEX-Bank Langh Ship is a new client of German export bank
Donald Trump team cancels US plan to tighten offshore vessel crew documentation US Coast Guard uses a four-word bulletin to cancel enforcement of rules for back-deck crew
'Shrinking' compliant fleet sends tanker rates racing ahead of nine-month averages, analysts say Jefferies calls strong earnings 'noteworthy' in traditionally weaker season
Donald Trump team cancels Biden plan to tighten offshore vessel crew documentation US Coast Guard uses a four-word bulletin to cancel enforcement of rules for back-deck crew
Belships to delist from Oslo Stock Exchange and appoints new board Bulker owner has traded on Oslo market since 1937
Maersk veteran: 'If you knew the amount of money being wasted' An architect of the Gemini Cooperation explains why the radical new liner network needs to succeed
NYK takes over Eneos shipowning venture in $500m-plus deal Japanese giant completes transaction to control fleet of gas carriers, tankers and bulkers
Nigerian oil major in final stages of IPO for $153bn of assets Domestic law requires exporting group to list shares following its switch to a limited liability company in 2022
Russia says Arctic shipping will not get easier until 2050 Head of Northern Sea Route administration says sea ice levels will not change much before then
Internal candidate tipped to take top Lloyd's of London job Outgoing chairman says there is 'huge support' for current chief of markets Patrick Tiernan
Clarksons targets US government deals through takeover of Washington DC broker Euro-America London-listed group buys company specialising in freight contracts with state agencies
Roll the ship and spray the decks: How to defend your vessel from state-backed helicopter boarding Industry groups publish 60-page guidance on preparing defences against state, criminal and piracy attacks
Donald Trump tariffs a 'clear negative' for car carriers as prices set to go up Foreign cars made up nearly half of all US auto sales last year, analysts said
Lower newbuilding action pushes down first-quarter uptake of alternative fuels DNV's numbers for March show methanol on the move again across a range of ship sectors
Gunvor shipping and chartering profit shields trader from 'normalised' oil trading Swiss commodities group also focusing more on energy transition
Chinese start-up inks first newbuilding deal for up to six LNG-fuelled container ships Jiangsu Qinfeng yard agrees deal for one firm feeder vessel, with five options
'Shameful set of statistics': Top liner shipping companies under fire for low tax payments as profit piles up Huge profit calculation comes from NGO report attacking industry's tax payments
Trafigura pays $49m to settle Brazilian bribery cases Trader and shipowner says former parent has resolved civil cases in South American nation
'Huge trigger': KNOT Offshore Partners initiated with buy at Fearnleys Analysts see 'robust backlog' to boost dividend capacity
Shipowner Ernst Russ sets up limitation fund as Stena sues over fatal North Sea tanker collision German owner says cash pot will provide security for claims
Greek cruise company sells ship with colourful past Accident-prone New Dawn heading for unclear future under Middle Eastern ownership
China Merchants Energy logs rising profits despite drop in income Shanghai-listed shipping giant says it benefited from the dry bulk and container ship markets in 2024
Iranian forces seize two foreign tankers as Middle East tensions with US ramp up Vessels and 25 seafarers detained over alleged fuel smuggling
Norwegian shipowners see weakening profitability in 'unpredictable world' Norway must bolster its defences to protect its interests, shipowners' association says
Caspian Pipeline Consortium may curb loadings after Russian inspections Kazakh oil outlet temporary decommissions two out of three offshore mooring points at Novorossiysk
MOL to scale up in Singapore by setting up sub-headquarters Japanese shipping giant will group six of its existing Singapore units together
Russian insurer wrangles over unpaid wages of abandoned crew Case of the Lady Mina highlights sharp rise in seafarers left without proper wages when shipowners run out of cash
Change the Jones Act? Tanker owners consider options with US port fees on table Century-old cabotage law tends to enjoy support, but executive suggests changes could be made
Tariff backdrop finds ocean rates steady Trans-Pacific container rates to the United States were narrowly mixed in the latest Freightos index.
As China blocks terminals deal, BlackRock chief says ports 'will define the future' BlackRock Chairman Larry Fink says container shipping infrastructure is as critical to the future global economy as data centers and power grids.
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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