Offshore wind: World's largest HLV will feature Ulstein U-stern Japan's Penta-Ocean Construction has signed a shipbuilding contract with Seatrium covering the construction of what it says will be the world's largest heavy lift vessel. To be used for the installation of
VIDEO: RMK Marine launches Neoline Origin wind powered RO/RO Turkish shipbuilder RMK Marine has now launched Neoline Origin, the primarily-wind powered RO/RO ordered at the shipyard by Nantes, France, based Neoline in January 2023 (see earlier story). The 136 meter long
AWO to Newsom: Pull plug on "dangerous and draconian" CARB harbor craft rule amendment In the latest round of a long running battle, the American Waterways Operators (AWO) has written California Gov. Gavin Newsom asking him to withdraw the 2022 amendments to the California Air Resources
CORE POWER, Glosten introduce floating nuclear power plant to US ports CORE POWER (US) has partnered with naval architecture and marine engineering firm Glosten to design a floating nuclear power plant (FNPP) aimed at supplying clean energy to ports across the United States. Developed by CORE POWER, the FNPP is a nearshore infrastructure system featuring a barge-based nuclear power plant, support services, electrical grid integration, and operational teams. Designed
Svitzer to switch to biofuels in Danish port Supporting the shipping sector's decarbonization efforts and the Port of Esbjerg's goal to achieve carbon neutrality by 2030, Svitzer transitions its tugs operating in the Port of Esbjerg to biofuel starting on 1 February 2025. Mathias Jonasson, Managing Director of Svitzer Scandinavia, stated: "At Svitzer, we are committed to decarbonising our operations which must be carbon neutral by 2040. We
India fuels maritime ambitions with shipbuilding drive As the shipping industry increasingly becomes a tool of geopolitical influence, India is seeking to capitalize on the evolving global landscape by strengthening its shipbuilding sector.
X-Press Pearl disaster: Capped liabilities for MSC, Maersk and Bengal Tiger Line MSC, Maersk, and feeder operator Bengal Tiger Line have successfully applied to limit the blame apportioned to them for the inferno that destroyed X-Press Pearl.
Trump imposes tariffs on imports from Canada, Mexico and China US President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, while energy resources from Canada will have a lower 10% tariff. The newly elected U.S. President has vowed to intensify pressure on imports from specific countries, citing national security concerns. "The extraordinary threat posed by illegal a
LPC new pilot boat passes halfway mark The construction of Lyttelton Port Company's (LPC's) new pilot boat has reached a major milestone, surpassing the halfway mark. Built by Hart Marine on the Mornington Peninsula-the same site where the LPC pilot boat Awaroa was constructed-the new vessel is progressing rapidly. According to LPC Marine Fleet Manager Henry Bastion, all necessary components are now on-site, allowing the assembly proc
Port of Oakland surpasses 2 million TEUs in 2024 Port of Oakland experienced a strong performance in 2024, handling 2.26 million TEUs, marking a 9.5% increase compared to the previous year. This growth reflects a sustained upward trend in consumer spending across the San Francisco Bay Area and the broader US market. "Consumer demand has remained resilient, driving higher import volumes through the Port," pointed out Bryan Brandes, Maritime Dire
India in the spotlight as Russia seeks to evade sanctions The surge in ship-to-ship transfers of Russian-linked oil in areas like the Sea of Crete and off Singapore, along with direct shipments of sanctioned oil to India, marks a pivotal shift in maritime geopolitics, especially in the Indian Ocean region.
Malta Freeport pioneers Digital Twin for enhanced efficiency Malta Freeport has reached a significant milestone in its journey towards innovation and operational excellence by becoming the first terminal in its group to harness data for enhanced efficiency through the Digital Twin developed by Next Port.AI. This transformation began two years ago, drawing inspiration from a European project won by the French carrier CMA CGM in 2018. That initiative, focuse
Container News Magazine: February 2025 Issue We are excited to announce the release of the February 2025 issue of Container News Magazine, where we delve into the most pressing developments in the container shipping industry. This edition offers in-depth analyses and reports on several key topics shaping global trade. Key Highlights in This Issue: The State of Global Container Shipping Trump's Trade Policies & Their Impact on Shipping Spotl
PRPA, Metlakatla partner on new logistics park project Prince Rupert Port Authority (PRPA) and Metlakatla Development Corporation (MDC) have partnered to develop the South Kaien Import Logistics Park (SKILP), a US$70 million Indigenous-led joint venture aimed at driving long-term economic benefits for Metlakatla and creating new job opportunities for local Indigenous workers. This initiative is expected to enhance intermodal trade through the Prince
How to Document the Scene of a Car Accident for Your Case If you've been in a car accident, documenting the scene thoroughly can significantly impact your claim. Start by checking for injuries and ensuring safety. Take detailed photographs from multiple angles, capturing vehicle positions, damage, and road conditions. Gather essential information such as the accident's date, time, weather conditions, and witness statements. Finally, report the incident
Leveraging AI in the Shipping Sector: The Role of Deepseek in Sino-American Trade Dynamics In the high-stakes arena of international trade, where the United States and China vie for dominance, artificial intelligence (AI) emerges as a game-changer, particularly in the shipping industry.
MSC unveils new reefer container monitoring system Swiss-Italian ocean carrier MSC has introduced iReefer, a real-time container monitoring system designed for temperature-controlled shipments, enabling seamless tracking and management of reefer cargo. With iReefer, which is available via myMSC, the company's e-business platform or an Application Programming Interface (API), customers can receive real-time insights into their reefer shipments, in
Marsa Zayed project launched in Aqaba MAG Group Holding, an international real estate developer based in Dubai, UAE, has been appointed as the lead developer for the first phase of Marsa Zayed, a beachfront resort and residential community on the Red Sea in Aqaba, Jordan. Marsa Zayed is an ambitious project set to transform 3.2 million m² of the Red Sea coastline into a vibrant tourism and business hub, serving as a key southern gate
Greek shipping magnates top tanker newbuild order rankings A record number of new tankers were ordered in 2024 with 435 orders placed across the year, an increase of around 31% year-on-year, according to Veson
Cadeler bags first deals for newbuild wind installation vessel Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery. The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in Europe. The contracts, which are
Shipping set to be reshaped by Trump tariffs Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump's decision on Saturday to levy 25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has been set at 10%. Canada and Mexico have ordered retaliatory ...
Bengal Tiger Line boss Bill Smart retires Singapore's Bengal Tiger Line (BTL) has announced that industry veteran Bill Smart is retiring as the container feeder operator's chief executive. Smart will step back at the end of March after 35 years with the company but continue on BTL's board of directors. "On behalf of the board, I would like to thank Bill for ...
Glosten to design CORE POWER's floating nuclear power plant Shipping nuclear propulsion start-up CORE POWER has reached out to naval architecture firm Glosten for the design of a floating nuclear power plant (FNPP) to power ports in the United States. CORE POWER's FNPP concept is a nearshore infrastructure system that includes a barge-based nuclear power plant, barge support services, electrical grid integration, and operational ...
Aframaxes dominate tanker sales Aframaxes sales are filling up broking reports at an increasing rate as sanctions rain in. So far this year, about 10 ships have been reported sold in the aframax segment, tankers that reportedly are being sold charter-free, based on prompt delivery. One of the latest sales involves Greek account IMS, which is reportedly more than ...
LNG spot rates enter negative territory in the Atlantic The dire start to the year for LNG carriers has hit new low benchmarks with some ship types now in negative territory in the Atlantic basin. Spark Commodities, which tracks LNG rates, is reporting 160,000 cu m TFDE vessels were assessed at minus $2,250 per day at the end of last week, a negative round ...
India sets aside billions to develop shipyards India's finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development
First traceable LPG cargo arrives in Syria since partial sanctions relief A Palau-flagged liquefied petroleum gas carrier became the first LPG tanker to discharge in Syria with its AIS switched on...
Is freedom of navigation under threat? From the Red and Black Seas to the Baltic and the Taiwan Strait: shipping's access to trade lanes is coming...
The week in charts: Why would US invade Panama? | Over 25 ships using scrapped IMO numbers | Tit-for-tat tariffs threat looms over VLGC market US Senate hearing speakers theorised that Chinese workers could collapse under-construction bridge over Panama Canal; Lloyd's List analysis reveals security...
Red Sea traffic holds steady Transit volumes are in line with 'new normal' levels
Wallenius SOL snaps up UK-Baltic ro-ro operator Mann Lines Mann Lines chief executive Bill Binks, who becomes a vice-president at Wallenius SOL, said: 'We are thrilled to embark on...
MSC rolls out remote monitoring to reefer fleet MSC unveils 'most advanced' remote monitoring system for refrigerated cargoes, as it finally joins the list of carriers to offer...
Abu Dhabi Ports commences Angolan multipurpose port operations UAE operator starts business at new Luanda port facility as part of a 20-year concession at the container, general cargo...
CLdN seeks FuelEU pool partners European shortsea ro-ro carrier CLdN is offering to pool FuelEU Maritime compliance with partner companies, spotting an opportunity in uneven...
The week in newbuildings: Ordering activity drops during Chinese New Year lull Newbuilding contracts slowed in the past week with just four orders placed, all with Chinese shipyards
Bahri posts record-breaking profit in 2024 Increased volumes and heightened freight rates were behind Bahri's record-breaking 2024, the company said, supported by a busy year of...
Trafigura fined $3m in landmark bribery ruling It is the first time an entire company has been convicted by Switzerland's federal court, which also convicted former chief...
Hanwha partners Baker Hughes to develop ammonia gas turbines The latest partnership follows on from Hanwha Power Systems and Hanwha Ocean obtaining approval in principle in September 2023 from...
Norway releases ship detained in cable-cutting probe Vessel was detained after a legal request by Latvia following damage to a fibre optic cable between Latvia and Sweden
South Korea to pump $151m into green shipbuilding The country also plans to launch the world's first green shipping corridor across the Pacific for carbon-free ships in 2027
The Daily View: Attack of the clones Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Daily Briefing Dead identities: over 25 ships using scrapped IMO numbers | Seizing the Panama Canal again would be Operation Bad Idea...
Truckload visibility vendor gets funding to expand sensor network GenLogs uses a network of highway sensors to help freight brokers manage freight fraud and also identify sales and capacity opportunities.
Journal of Commerce 'Newsmakers': Kuehne +Nagel's Michael Aldwell In the "Newsmakers" Q&A, K+N's head of ocean logistics touches upon US tariffs, sourcing shifts away from China, Red Sea transits and the benefits of AI.
MSC launches new visibility technology for refrigerated cargo The Geneva-based carrier said a network of 210,000 reefer containers and more than 500 vessels are already equipped with its new iReefer monitoring system.
Spot rates falling as new ocean networks roll out: Sea-Intelligence There has been a steady decline in average rate levels on the major trade lanes since December, and as the new alliances and MSC's standalone network are launched, there is no sign of an end to the slide.
MPV operators largely dismissive of US shipbuilding act Ship owners in the sector view the ambitious SHIPS for America legislation as unrealistic, with the domestic shipbuilding industry under-skilled and lacking the capacity needed to meaningfully contribute to the specialized MPV fleet.
Large US truckload carriers shifting assets to expand dedicated services A slow shift away from one-way truckload toward dedicated is reshaping the top tier of truckload carriers, a transformation that may accelerate in a freight recovery.
Trump gives tariff reprieves to Mexico and Canada - keeping oil volumes to US flowing America's refineries rely on crude from Canada
Trump team wins another Panama concession as US warships score free passage Move follows Panama's vow to pull out of Belt and Road agreement
Trump's Mexico reprieve keeps oil volumes to US flowing. Will largest supplier Canada be so lucky? America's refineries will still need volumes from Canada
EU pumps $6.5m into noise reduction project 15 project partners working on reduction of underwater radiated noise from ships which impacts marine life
Legacy Eletson insiders lose another round with order to hand keys to Murchinson Court rejects arguments that Greek and Liberian proceedings stand in way of ownership change
New Syrian regime gets cargo of gas from Indonesian LPG carrier Gas Catalina becomes second 'tanker' to dock following the fall of al-Assad government
LNG dual-fuel container ships dominate January newbuildings as orders slow DNV says shipowners are diversifying their fuel options and exploring alternatives like ammonia
Former TradeWinds man to replace veteran CEO Bill Smart at Bengal Tiger Line X-Press Feeders executive stepping into hot seat at sister Singapore owner
Asian shipping stocks give muted response to Trump tariffs Markets in the region appeared to be taking a 'wait and see' approach
VLCCs in vogue after false dawns, says shipbroker Gibson Is it the turn of the biggest tankers to shine?
Abu Dhabi doubles down on dry bulk investment strategy with ex-Western Bulk hire Sovereign wealth fund wants to invest in shipping outside of tankers
Ship suspected of sabotaging Baltic Sea cable freed by Sweden Prosecutors blame equipment deficiencies and poor seamanship
Trader Mercuria moves into bulker owning with capesize deal Swiss group adds to time-chartered fleet with purchase of 2010-built vessel
Hanwha Ocean and power associate team with Baker Hughes on ammonia gas turbine technology Group advances its quest to build world's first fossil fuel-free ship
Future of insolvent FSG shipyard group takes shape as buyers secured Rival shipbuilders split Flensburg and Nobiskrug plants between them
Executive leading Lloyd's Register's strategic digital maritime acquisitions quits Thomas Zanzinger's exit will focus attention on the integration of class society's biggest-ever acquisitions
Swedish owner Wallenius SOL snaps up British Mann Lines Gothenburg-based owner expands with new offices in Estonia, Latvia, and UK
Ultranav targets fuel savings by changing crew routines in new trial Chilean shipowning group invested in the behavioural science platform last year
Norwegian bulker boarded by armed raiders in Singapore Strait Two ships targeted off Indonesia within minutes of each other as maritime gangs continue attacks in the region, Ambrey says
Chris Hartnoll's HICO funds six-ship order for Tidal Transit Singapore investment company providing cash for UK owner's offshore fleet expansion
Arctic Securities downgrades CoolCo and Flex as LNG markets tipped to go 'from bad to ugly' Bank sees 'tsunami of newbuilds' pulling down rates
Panama loosens ties with China to appease US over canal Central American country announces it will leave Beijing's Belt and Road infrastructure programme
'Knocking on your door': Donald Trump and sanctions dominate P&I debate in Greece Annual P&I debate considers the risks to shipping in a new era of America-first politics
CMA CGM and OOCL boxship breakaways showed pilots were ill-prepared for flood Maritime body also criticised in Australian report into 2022 incidents
Shipping stocks sucked into volatility storm as markets digest Trump tariffs Container line stocks drop while tankers largely unchanged
Tankers await Trump tariff fallout as oil markets face reshuffle Canada and Mexico could find new buyers for formerly US-destined crude and Opec+ could bump up production
RS Platou founding family offloads $15m slice of shipbroker Clarksons Heirs of Norwegian shipbroker's original owners sell again
'Ongoing threat': Armed gang board cargo ship off West Africa Security companies report incident off Equatorial Guinea
Cadeler wins offshore contracts worth $77m for wind installation newbuilding Vessel is scheduled for delivery in the fourth quarter
Asyad Shipping targets additional 33 ships in $2.7bn expansion drive IPO and bank funds will go on tankers, gas carriers and other vessels
Thoresen Thai raises $23.74m in oversubscribed bond issue Funds raised will be used to redeem existing bonds maturing in February
Eurobulk fined in US after admitting pollution offences on ultramax Greek owner pleads guilty to breaching environmental rules in Texas in 2023
Thoresen Thai raises $23.74m through bond issue Funds raised will be used to redeem existing bonds maturing in February
Bahri profit soars to record high after growing VLCC fleet Saudi shipping giant is set to expand its VLCC fleet with 10 modern vessels in the first half of 2025
CDB Financial Leasing breaks into offshore with $240m OSV order Eight newbuildings will be split equally between two domestic shipyards
ILA sets wage review as longshore contract nears ratification vote The International Longshoremen's Association's wage scale committees this week will review the tentative contract with port employers ahead of a vote by union members.
Port of Baltimore claims a first with battery-electric railcar mover The Port of Baltimore has deployed an electric railcar mover it says is a first for the U.S. maritime industry.
Accelerated Global Solutions buys share of Malaysian logistics firm KGW U.S.-based Accelerated Global Solutions, a sister company of parcel courier SpeedX, is beefing up its trans-Pacific ocean logistics capability by investing in Malaysia's KGW Logistics.
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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