Glosten unveils new all-electric 75-passenger ferry Seattle-based naval architecture and marine engineering firm Glosten has unveiled a new all-electric 75-passenger ferry that, it says, changes the game in sustainable marine travel. Glosten's all-electric 75-passenger ferry is engineered with
MSC enhances Origami service MSC has announced the integration of its Oryx and Origami services to create an enhanced Origami Service directly linking Japan, South Korea, China, and Singapore with Tanzania and Kenya. The first vessel on the new rotation, MSC General IV (voyage number JL546A), is scheduled to depart from Tokyo on 9 November 2025. The upgraded Origami Service will deliver stronger commercial and operational sy
X-Press Feeders adds China-Red Sea connection X-Press Feeders has expanded its regional coverage by securing a slot allocation on the China-Red Sea REX service operated by CU Lines. The service rotation includes Ningbo, Guangzhou (Nansha), Shenzhen (Shekou), Djibouti, Jeddah, Sokhna, and back to Ningbo. * ( Djibouti call not offered by X-Press Feeders ) This collaboration strengthens X-Press Feeders' network between China and the Red Sea reg
SITC withdraws from China-India service SITC has announced its withdrawal from the China-India FIX/IFX2/CIE service, with its single deployed vessel being replaced by Sinokor, according to industry reports. Following this adjustment, the service will now be jointly operated by SeaLead Shipping (1 vessel), Sinotrans (2 vessels), Sinokor (1 vessel), and T.S. Lines (1 vessel). The China-India FIX/IFX2/CIE service continues to play an impo
Maersk reflags two vessels to Indian Register Maersk has reflagged two of its container ships, the 1,800 TEU, 2010-built Maersk Vilnius and Maersk Vigo, under the Indian ship register. This strategic move demonstrates Maersk's deeper commitment to the Indian maritime sector, aligning with the company's long-term goal of strengthening its regional presence and supporting the country's efforts to enhance its global shipping footprint. By trans
In issue 738, Sunday Spotlight, Sea-Intelligence analysed the competitive landscape of schedule reliability among the top 20 global container shipping lines since 2011. While cargo owners often focus on the overall industry average, the difference in performance between carriers is a key measure of competitive differentiation. They analysis shows that despite significant market consolidation, the
Unifeeder and Sagarmala sign MoU Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India's Sagarmala Finance Corporation Limited (SMFCL), a Government of India enterprise under the Ministry of Ports, Shipping and Waterways, to collaborate on developing and scaling commercially sustainable coastal and shortsea shipping services across India. By combining public sector financing with private sector
Why US-China trade peace may not last President Trump's optimistic handshake with Xi Jinping at a South Korean air base last week sent global markets soaring and the yuan to near one-year highs. But beneath the diplomatic smiles lies a maritime trade war that experts warn could reignite within months, reshaping global shipping routes and supply chains.
APM Terminals to invest $2 billion in Pipavav Port Expansion APM Terminals has signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board to expand Pipavav Port, marking a major step in strengthening India's port infrastructure. The investment of R17,000 crore (approximately USD 2 billion) aims to boost the port's capacity for containers, liquid cargo, and RoRo operations. The expansion will introduce modern handling systems and improve mul
Hamburg Commercial Bank supports Inland Terminals Group financing Hamburg Commercial Bank AG (HCOB) is acting as lead arranger in a €160 million financing package for Inland Terminals Group (ITG), together with a consortium of international banks. HCOB also served as facility and security agent for the transaction. ITG is the largest inland container terminal operator in the Benelux region, providing comprehensive logistics services through its network of 17 te
America's Shipbuilding: Can allies counter China's naval juggernaut? Senate hearing reveals bipartisan urgency to rebuild maritime capacity, but the path forward demands unprecedented allied cooperation
Canada is looking for trade alternatives to counterbalance the US As Trump's tariffs bite, Carney races to rewire the nation's trade lifelines through Asian ports and Pacific partnerships. Mark Carney touched down in Malaysia last week with a singular mission: build an economic escape route from America. Just after President Trump slapped another 10% tariff on Canadian goods angered by an Ontario advertisement the new prime minister was finalizing a free trade
ABS launches EagleTwin™ Digital Twin for offshore safety ABS has launched EagleTwin, a web-based 3D digital twin solution designed for FPSO, FLNG, and FSRU operators. The new tool aims to improve safety, efficiency, and asset management across offshore operations. EagleTwin creates an interactive 3D digital model of an offshore asset, giving owners real-time insights into structural health. It integrates inspection and Class data and connects with any
Fincantieri, IDS, and Next Geosolutions partner on autonomous USVs Fincantieri, through its subsidiary IDS - Ingegneria dei Sistemi, and Next Geosolutions Europe S.p.A. signed a Memorandum of Understanding (MoU) to develop Unmanned Surface Vehicles (USVs) for civil applications in Oil & Gas and Renewable Energy. The agreement was signed by Matteo Marchiori, CEO of IDS, and Giovanni Ranieri, CEO of Next Geosolutions. The companies will combine their expertise to
AD Ports Group signs MoU with Navantia AD Ports Group has signed a Memorandum of Understanding (MoU) with Navantia, a global leader in shipbuilding, to explore areas of collaboration for naval projects, including the development of infrastructure to support vessel maintenance at Khalifa Port. The agreement was signed at Navantia's headquarters in Madrid by Captain Ammar Al Shaiba, CEO of AD Ports Group's Maritime & Shipping Cluster, a
CEMS, Drydocks, CSL partner to train India's maritime workforce Centre of Excellence in Maritime and Shipbuilding (CEMS), Drydocks World, and Cochin Shipyard Limited (CSL) have signed a tripartite MoU to develop a skilled, industry-ready maritime workforce in India. The agreement was signed during India Maritime Week 2025, with participation from Shri Sarbananda Sonowal, Union Minister for Ports, Shipping, and Waterways, and Sultan Ahmed bin Sulayem, DP World
FLOWRA and ClassNK join forces on floating offshore wind FLOWRA and ClassNK have signed a Memorandum of Understanding to work together on floating offshore wind technology development. Under the agreement, both organisations will explore cooperation to advance floating wind technologies and reduce costs and risks in future projects. FLOWRA develops shared base technologies for floating offshore wind through international collaboration. ClassNK is a glo
MSC adjusts Far East-Northwest Continent port rotations MSC is planning to adjust port rotations within its network from the Far East to Northwest Continent in order to improve schedule reliability and provide an enhanced corridor for cargo from Vietnam to Rotterdam. The revised rotations will take effect on the following services: For the Britannia Service, starting from voyage number 549W, Rotterdam and Zeebrugge will be added. The new rotation will
BIMCO calls for realistic, unified net-zero strategy The maritime industry is at a turning point. We fully support the IMO's goal of reaching net-zero emissions by 2050. But ambition must match reality. A successful transition must be globally enforceable, operationally practical, and economically fair, not fragmented across regions or policies. Recent delays in the IMO's Net Zero Framework timeline should not be seen as a setback. They create spac
Gebrüder Weiss strengthens U.S. import compliance with new leadership Gebrüder Weiss is expanding its import compliance and customs management services in the United States. The company appointed industry veteran Justyna Marczyk as National Import Compliance Manager to support growing cross-border trade and evolving tariff policies. Gebrüder Weiss continues to invest across the U.S. through new offices, seaport facilities, warehouses, acquisitions, and key hires.
Toll Group deploys electric trucks for LEGO supply chain in China Toll Group has launched 10 electric trucks in China to support The LEGO Group's supply chain. The move advances Toll's carbon-neutrality goals and supports both companies' net-zero targets for 2050. The new electric vehicles, built by FOTON, will replace diesel trucks on key shuttle routes between LEGO's factory and regional distribution centers in Lingang Free Trade Zone and Jiaxing. They will t
GXO streamlines leadership to accelerate growth GXO Logistics announced major organizational changes to accelerate growth, simplify its structure, and sharpen execution. CEO Patrick Kelleher said his first 60 days showed strong foundations and major opportunities ahead. "These changes sharpen our focus and strengthen execution across the company," he said. New Americas & Asia Pacific Leader GXO appointed Michael Jacobs as President, Americas &
COSCO unveils $1.75bn shipbuilding spree for 29 new vessels COSCO has unveiled a sweeping $1.75bn newbuilding programme covering 29 ships, as the state-controlled group continues to refresh and expand its fleet across key sectors. The investment package includes 23 kamsarmax bulk carriers and six very large crude carriers (VLCCs), all to be built at domestic shipyards and scheduled for delivery between 2027 and 2028. ...
PTTEP taps SLB OneSubsea for work on deepwater oil and gas fields SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two offshore engineering, procurement, and construction contracts from Thailand's oil and gas player PTTEP. The contracts build on a 20-year collaboration between the two companies and cover the expansion of two fields offshore Malaysia. As part of the two deals, SLB ...
Splash Wrap: Deals, diplomacy and disruption Donald Trump's tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump's earlier meetings this week with the leaders of Japan ...
L&T steps in for Petrofac on TenneT's 2GW offshore wind grid projects Indian engineering conglomerate Larsen & Toubro (L&T) has replaced Petrofac in the high-voltage direct-current (HVDC) offshore wind programme led by Germany's transmission system operator TenneT. In partnership with Hitachi Energy, L&T will deliver HVDC converter stations for the project, which aims to accelerate the integration of large-scale renewable energy into the European power grid, partic
Maritime CEO Forum Monaco: Masterclass on how to spend it At the 2025 Maritime CEO Forum in Monaco, panelists wrestle with a market awash in capital yet riddled with uncertainty, debating fleet strategy, funding, and whether the next generation should join the family business. From geopolitics to ageing fleets, from alternative finance to AI in shipping, the discussion at the Money & Ships panel at ...
Ithaca exercises option to keep Prosafe flotel longer at UK field Offshore accommodation vessel specialist Prosafe has won an extension from Ithaca Energy in the UK North Sea. Ithaca Energy exercised two weeks of options for the 1982-built and 2012-upgraded Safe Caledonia to continue providing accommodation support at the Captain field. The vessel will stay with the company until mid-December 2025. Ithaca has a further 10 ...
NYK to merge trio of historic shipowning units into new bulk giant Three shipping and shipmanagement companies within the Nippon Yusen Kaisha (NYK) empire -Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport - are to merge and integrate their business operations. NYK Bulkship Partners will be the name of the new company come April 1 next year. The new entity will have 21 owned vessels as well ...
Kongsberg Maritime to sail solo as Norwegian group splits in two Kongsberg Maritime, one of shipping's tech leaders, is to be separated from Kongsberg Gruppen and become an independent, listed company. At the same time, Kongsberg Defence & Aerospace and Kongsberg Discovery will merge into one new listed company. Lisa Edvardsen Haugan will lead Kongsberg Maritime as president and CEO. She has been with Kongsberg since ...
Shipping calls time on EU climate overreach Pierre Aury on how little the world listens to Brussels. The International Maritime Organization (IMO) just postponed by one year its vote on the final version of the rules to deal with the decarbonisation of shipping, rules referred to as the Net Zero Framework (NZF). Although we are flabbergasted that this postponement was obtained through, ...
Are container rates rebounding or is SCFI 'overoptimistic'? The Shanghai Containerized Freight Index is showing a material rebound in transpacific spot rates. It may be incorporating gains that...
Shipowners' Club weighs in with rate hike Announcement from SOP comes despite last year's price freeze
India bags $135bn in investments at India Maritime Week 2025 Singapore will be a key partner in India's maritime future with various agreements highlighted at the conference
Höegh Autoliners will still offer customers green ammonia before 2030 Andreas Enger says the IMO result will not derail the green transition, but has made the work of creating better...
Trump's Spinal Tap moment is a positive for shipping The case for free trade needs to be made 'one louder'
Europe has to start taking port capacity more seriously, say Maersk executives In a year where major European ports have been blighted by congestion, senior staff at Maersk and APM Terminals have...
Maersk expands foothold in India with $2bn investment Maersk also registered a new Indian entity and flagged two vessels under the Indian registry
Cosco Shipping weathers earnings storm as port fee suspension brings hope China-US trade agreement provides a glimmer of hope for transpacific shipping
The Daily View: Timeout called on port fees. Now what?
Cosco adds another $1.7bn to fleet expansion with bulkers and VLCC orders Chinese shipyards are set to benefit as Cosco Shipping continues its newbuild binge
CMA CGM tests waters with first Asia-Europe ULC poised for Red Sea transit Despite fragile security, CMA CGM's move hints at early testing of Red Sea routes by ultra large boxships long avoided by major...
Daily Briefing US and China pause port levies for one year after Trump-Xi meeting | Port fees a 'substantial shock' for Höegh...
Trade deal could boost short-term China imports, but uncertainty lingers An immediate bump in cargo is likely in the wake of this week's deal between Washington and Beijing, but it's too early for US retailers who are tied to China to make supply chain decisions for 2026 spring and summer imports.
US port capacity lagging ahead of potential volume growth: MSC The carrier, as it seeks with BlackRock to acquire the majority of Hutchison Port Holdings, is developing a mega-terminal in New Orleans and another terminal in Baltimore.
CPKC-CSX target 2026 as big year for Mexico-Texas-East Coast trade The railroads will make a harder play to capture Dallas-to-East Coast freight after track upgrades come online along the Gulf Coast early next year.
Indian oil major hunts barrels from Americas while not ruling out Russian oil State-run company open to non-sanctioned Russian oil, but seeks 24m barrels in the first quarter
Trick or treat? Trump raids shipbuilding funds to pay troops amid Washington gridlock Senate that can't agree on shutdown votes to reject global tariffs
Wavelength podcast: Pairing US and South Korean shipbuilding industries Plus, the impact of Trump's Asia tour and what the Komander tanker grounding in the Suez Canal says about the dark fleet
VLGC rate index gains 20% in four days as US export fixtures rise and trade tensions ease Strong US production could help support rates going forward
ConocoPhillips named as new charterer for Capital LNG newbuilding Evangelos Marinakis-led company is sitting on three on-order and as-yet unemployed LNG carriers
Decades of 'resistance' and a voyage from New York to Boston paved way for Veson Nautical's success A conversation in Manhattan, a trip to Posidonia and roots in the Greek islands are all part of a 46-year journey
Jury out as tanker market 'gets head round' port fees halt, Svein Moxnes Harfjeld says DHT boss believes strong market will override any effects from US and China deal
Hoegh Autoliner shares nosedive after dividend miss Car carrier owner sees performance in fourth quarter below third quarter
Hoegh Autoliners rushes to 'optimise' US trading ahead of possibly suspended port fee scheme News broke of potential 'ceasefire' broke during owner's earnings call
MSC keeps foot on S&P pedal with Chinese boxship deal Swiss liner giant takes tally to around 50 secondhand purchases this year
EPS sets up training camp for Singapore cyclists with elite Movistar Team Idan Ofer follows sponsorship deal with next phase of development plan
Why the China-US truce won't trigger a container freight rate rebound Carriers are pushing rates high in preparation for contract season
Karpowerships' Kinetics Energies issues debut $400m bond in Oslo Issue strengthens financial foundation and deepens presence in global capital markets, energy company says
Chappell remains king of the analysts in new investor survey Evercore man again takes home the top honour bestowed by former Institutional Investor magazine
Okeanis VLCC to cash in on spot spike after switching to clean cargo for TotalEnergies Big rates could be on offer when Greek tanker completes laden voyage into Europe
Teekay Tankers to double down on core fleet expansion as MR ambitions recede Boss Kenneth Hvid sees better value in acquiring suezmaxes and aframaxes
George Economou's TMS Group joins VLCC order run TMS is said to have penned up to four 306,000-dwt crude carriers at Hengli Shipyard
Small ship insurer to increase premiums at tipping point of rising costs Shipowners' Club says inflation and claims have hit underwriting figures
LNG carrier heads to Golden Pass as US project finally prepares for start-up Fifteen-year-old LNG development about to be reborn for QatarEnergy and ExxonMobil
Costas Delaportas firm DryDel sells third modern ultramax in rolling fleet renewal Athens-based bulker firm expects its fleet's average age to drop below two years in 2026
Discipline and rage: The secret ingredients fuelling Veson Nautical's success Software power's two-headed management team finds a lot to agree on, but 'push back' has its place
VLCC charterers need to 'man up' on rates as demand for tankers rises, DHT boss says Clients want to expand crude shipping footprints
Piracy in vital global shipping waterway plunges after crackdown success Preventive action and Indonesian arrests have curbed attacks
Belgian owner EBE places first China order with contracts for newcastlemax pair Company has historically favoured Japanese-built bulkers
Cosco Shipping orders VLCCs and bulkers in $1.7bn newbuilding spree The Chinese shipping giant has ordered the newbuildings against long-term charter deals
Panamax demand to surge on China's return to US soybean market But boycott has caused US exports to fall 35% this year, says Braemar
NYK's giant merged bulker operation debut pushed back NYK Bulkship Partners was originally meant to be up and running in January
Danske Bank's shipping and energy credit book rises in third quarter Exposure was $6.9bn at third quarter end
Cosco Shipping Holdings' profit slumps 55% in third quarter on tariff uncertainty Initial tariffs caused demand to slow and freight rates to fluctuate
Oil Brokerage reveals new hires poached from Braemar for Singapore tanker desk Trio of VLCC brokers beefs up aggressive firm's presence in Asian and tanker crude markets
SSY broker fights dismissal after 'unsavoury' image with OnlyFans model Goran Rostad is contesting his dismissal at an employment tribunal in Oslo
Fearnley raises Scorpio Tankers' profit forecast by 64% as operating costs cut Big revisions sparked by US-listed owner's lower breakeven figures
Danske Bank's shipping and energy credit book rises in the third quarter Exposure was $6.9bn at third quarter end
Panamax demand to surge on China's return to US soybean market But China's initial boycott caused US soybean exports to fall 35% this year, says Braemar
Bulker owner EGPN breaks into LR2 product tanker sector with newbuilding deal Chinese-owned company orders two aframax-size tankers at Shanhaiguan Shipyard
Altera Infrastructure chief executive Ingvild Saether dies at 57 Former Teekay executive had been ill since 2023
Giant Japanese shipowners help refine 'digital twin' platform to gain efficiencies by sharing yards' data NYK, MOL and K Line trial platform to let owners and shipyards share secure operational and design data
Other shoe drops for Oil Brokerage in Singapore as Braemar hirees revealed Trio of VLCC brokers beefs up aggressive firm's presence in Asian and tanker crude markets
Airbus widens order lead over Boeing for next-gen freighter jets Korean Air, which has operated an all-Boeing cargo fleet, has agreed to buy seven large Airbus freighters.
New Amazon cargo flight paves way for next-day delivery in Hawaii Amazon has added a third freighter flight to Honolulu, paving the way for next-day parcel delivery and is carrying pineapples back to the U.S. mainland.
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