DFO awards Vard EUR 113M subsea construction vessel contract Fincantieri's Norwegian subsidiary Vard reports that it has signed a contract with Taiwan-based Dong Fang Offshore (DFO) for the design and construction of one offshore subsea construction vessel of Vard 3 39
MAIB releases interim report into strike on Stena Immaculate The U.K. Maritime Accident Investigation Branch (MAIB) has released an interim report on its investigation of the March 10 incident in which the U.S.-flagged TSP program tanker Stena Immaculate was struck by
Stena Line unveils Stena Futuro concept vessel Stena Line has developed a new concept vessel, the Stena Futuro, a 240-meter long RO/RO intended for the transportation of semi-trailers and cars. Stena Line says that, through optimal design and new
Caterpillar Marine and SAAM Towage in MOU on electrification and alternative fuels Caterpillar Marine has entered a memorandum of understanding (MOU) with SAAM Towage to assess and implement alternative power solutions, including electrification and alternative fuels such as methanol and ethanol, for the SAAM
Brunvoll gets big order for big tunnel thrusters Responding to trends in the cruise industry, Molde, Norway-based propulsion system specialist Brunvoll has expanded its product range of tunnel thrusters by adding its largest thruster to date, its new FU135C series.
Mid-America Port Commission announces new commissioners Karen Voss and Brian Munzlinger will be seated as Mid-America Port Commission (MAPC) commissioners at its April 14 meeting at Culver-Stockton College in Canton, Mo. Voss was elected to serve as a
cargo-partner enhances air freight services in Mexico cargo-partner, a subsidiary of Nippon Express Holdings, announced the expansion of its air freight services in Mexico, introducing enhanced import and export solutions between Mexico and key global markets such as Germany, Hungary, Austria, Italy, Spain, China, and Hong Kong. In 2024, cargo-partner initiated its air consolidation service from Frankfurt to Mexico City in response to the increasing
SAAM Towage, Caterpillar Marine sign deal to advance electrification and alternative fuel usage SAAM Towage and Caterpillar Marine have entered into a Memorandum of Understanding (MoU) to explore and adopt alternative power solutions beyond diesel, such as electrification and alternative fuels like methanol and ethanol, across their tugboat fleet. The collaboration includes advancements on a dual-fuel engine-the Cat® 3500E-which will utilize methanol and is slated for testing later this yea
CMA CGM increases rates from Asia to Canada CMA CGM has introduced a Rate Restoration Initiative (RRI), set to take effect from May 1, for shipments from the Canada West Coast to China, Hong Kong & Macau SAR, Northeast Asia, and Southeast Asia. The new rates will apply to dry containers, with open top, flat racks, and tank containers excluded from the Initiative. Under the RRI, the rates will be increased by US$50 per 20' container and US$
Vietnam and Cambodia in Turbulent Situation After Trump's Tariffs New tariffs announced by the Trump administration are expected to severely affect emerging economies such as Vietnam and Cambodia, two nations playing a pivotal role in the overall economy diversification in Southeastern Asia. In 2024, Cambodia's shipping industry continued to leverage its strategic location along the Mekong River and its access to the Gulf of Thailand
Crowley strengthens Puerto Rico terminal with LNG-powered microgrid US logistics provider Crowley, which has traditional relations with the Puerto Rican market, has decided to enhance the resiliency of its Isla Grande logistics terminal in San Juan, the capital city of Puerto Rico, with the installation of a microgrid fueled by liquefied natural gas (LNG). Crowley said the energy system will provide a reliable power supply tailored to support the terminal's daily
Georgia Ports sets container volume records The Georgia Ports Authority (GPA) reported 534,000 TEUs in March, translating to a 22.5% increase over the same month in 2024. In intermodal cargo, the Port of Savannah set an all-time record of 52,645 containers moved by rail, an increase of 17% over March 2024. Additionally, the Port of Savannah's Garden City Terminal completed 333,571 truck turns in March, with the U.S. port setting a weekly g
APM Terminals' Strategic Acquisition of Panama's Railway Reshapes Competition APM Terminals' acquisition of the Panama Canal Railway Company (PCRC) marks a strategic move in the Maersk-owned port operator's efforts to strengthen its competitive position in the Central American logistics and shipping market. The PCRC takeover creates a more robust "land bridge" solution, allowing APM Terminals (APMT) to offer end-to-end logistics services. The ability to control both port a
Veson Nautical Shipping Market Outlook: Q2 2025 Forecast Geopolitical tensions in the Middle East and the resulting rerouting have disrupted shipping markets to varying degrees. A sudden end to rerouting poses considerable downside risks for the shipping industry, while a prolonged extension could offer substantial upside potential. Sanctions contribute to this uncertain environment, where any major escalation or de-escalation could significantly affec
NBOSCO chairman and senior executives resign after fatal accident The chairman and two senior executives of Ningbo Ocean Shipping Company (NBOSCO) resigned on 2 April, four days after a fatal accident involving one of the company's newly built feeder vessels
Crowley appoints new Chief Financial Officer Crowley has named Jenny Fuss as its new chief financial officer. Fuss will lead all of the company's financial strategies and operations to enhance economic performance and business growth. With more than 20 years of experience as an executive for global institutions, Fuss brings to Crowley's Senior Leadership Team extensive expertise in management and analysis using data-driven strategies. "Jenn
DP World, Kent Foods ink multi-million dollar lease for London Gateway storage facility DP World has signed a deal over GB£20 million (US$25 million) with Kent Foods, one of the major foodstuff suppliers in Europe, for a new storage facility at London Gateway Logistics Park. Under the 10-year lease agreement, Kent Foods, a part of The Albex Group, will occupy a 150,000 ft² (14,000 m²) warehouse to store food products arriving at London Gateway's container port before being distribut
CMA CGM applies overweight surcharges on India, Middle East, and Red Sea routes French ocean carrier CMA CGM has announced new overweight surcharges (OWS), which have been effective from 1 April. In particular, CMA CGM applies an OWS of US$100 per dry container with a gross weight over 15 tons from the India West Coast to Berbera, Somalia & Massawa, and Erythrea. Additionally, the Marseille-based ocean carrier has implemented an OWS from the Indian Subcontinent and Middle Ea
SAAM Terminals inaugurates modern simulator for crane operator training SAAM Terminals has launched "the most technologically advanced simulator in Chile", a training tool to teach new crane operators and retrain existing personnel, aiming to make their work more efficient and safer by optimizing decision making. "Our people move our terminals day in and day out, and we want them to do it well. This simulator is a state-of-the-art system. Given its mobile structure,
Trump's Tariffs Reshape Trade Game Rules; Minimal Short-Term Impact The following analysis was provided by Xeneta, an ocean and air freight intelligence platform. Reciprocal tariffs announced by Donald Trump on 'Liberation Day' could prevent shippers from making important decisions on supply chains, but are not likely to cause an immediate spike in freight rates. Peter Sand, Chief Analyst at Xeneta - the ocean and air freight intelligence platform - said: "Libera
Trump's tariffs ignite global trade tensions U.S. President Donald Trump has sent shockwaves through the global shipping industry-and beyond-with the announcement of new "reciprocal tariffs." Effective April 3, these tariffs impose significant import duties on several key trade partners. The most striking measures include a 34% tariff on Chinese imports and a 20% tariff on goods from the European Union. Notably, Vietnamese imports face the
Sea-Intelligence reports major East-West capacity growth Container freight rates have a strong seasonal tendency to weaken in the period following the Chinese New Year (CNY), according to Sea-Intelligence's analysis. In 2025, however, the decline in spot rates is significantly more negative, than what can be explained by just seasonality. "This could be the result of an aggressive commercial price war between shipping lines, potentially due to the swit
Dong Fang Offshore orders subsea construction vessel at Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has returned to Fincantieri-controlled Norwegian shipbuilder Vard for at least one subsea construction vessel. The subsidiary of Hung Hua Construction, with a fleet of more than 15 offshore vessels, is paying €113.5m ($126m) to see the firm vessel delivered in the second quarter of 2027, but it ...
Nova Marine Carriers forms shipping venture with steelmaker Marcegaglia Italian-Swiss dry bulk group Nova Marine Carriers has established a joint venture with Marcegaglia for shipments of raw materials to the manufacturing sites of the Italian steelmaker. The jv called NovaMar Logistic will take over the management of the 2012-built open hatch 26,300 dwt handy bulker Sider Luck and operate it on European cabotage routes, ...
British maritime law firms merge UK specialist maritime law firms Tatham & Co and Sea Green Law have merged into a single 22-lawyer practice. The combined entity began operating on April 1, 2025, under the Tatham & Co name. The company will be jointly led by lead partners Stephen Askins and James Hickland from Tatham & Co and Ted Graham ...
Trump ignites global trade war, major economies vow retaliation US president Donald Trump has slapped additional tariffs of 34% on imports from China, also hitting emerging manufacturing powerhouses like Vietnam and Cambodia hard, while targeting European Union imports with 20% tariffs, and adding a baseline of 10% on most goods imported to the US. As markets were sent into a tailspin, the EU and ...
Stolt-Nielsen takes over control of tanker joint venture Oslo-listed Stolt-Nielsen has completed the acquisition of the remaining 50% stake in a chemical tanker joint venture it formed with Bergen-based JO Odfjell. The company has revealed in its most recent financial results that it bought the remaining stake in the Hassel Shipping 4 joint venture. The JV has a fleet of eight 32,800 dwt ...
Vattenfall hires DeepOcean for subsea cabling work Norwegian ocean services contractor DeepOcean has been awarded framework agreements by Vattenfall for the provision of subsea cable operations and maintenance services on the Swedish utility's operational European offshore wind portfolio. The framework agreements is valid for a period of four years and apply to Vattenfall's offshore wind farms in Denmark, the United Kingdom, Germany, ...
Taiwan takes action against armada of cable cutters Following reports of cable breakage and to strengthen the safety of Taiwan's waters and key infrastructure, ships from Mainland China, Hong Kong and Macau are now required to go through longer port visit application processes to the island with the paperwork expected to take up to a month per vessel visit. Ships also flying the ...
U-Ming orders capesize brace in China Taiwanese owner and operator U-Ming Marine Transport is expanding its fleet with a brace of capesize bulker newbuilds in China. The subsidiary of the Far Eastern Group has signed up for 180,000 dwt vessels at Qingdao Beihai Shipbuilding, with delivery expected in 2028. U-Ming said it is paying between $75m and $79m per newbuild. U-Ming ...
BW Offshore gets $36m in court case settlement Floater specialist BW Offshore and Prio Comercializadora, previously known as Petro Rio, have settled an arbitration case dating back to 2021. In September 2021, Prio, then Petro Rio, filed a request for arbitration concerning the charter and services agreement for the FPSO Polvo against BW Offshore. At the time, the Brazilian firm claimed that it ...
US targets Russian interests moving stolen Ukrainian grain to fund the Houthis The Trump administration has targeted Russian interests over grain theft from Ukraine used to support funding for the Houthis in Yemen. The US Office of Foreign Assets Control (OFAC) yesterday added additional persons and companies to its sanction list as these were identified as entities supplying weapons, sensitive goods and stolen Ukrainian grain via an ...
TotalEnergies terminates Shelf Drilling jackup deal United Arab Emirates-based jackup rig pure-play Shelf Drilling has received a contract termination from French giant TotalEnergies. The company said it received a contract termination notice for the 2014-built Shelf Drilling Winner. The jackup was contracted to the Danish arm of the French major. Under the notice and in accordance with the contract, the termination ...
Pankaj Khanna plots expansion as he rings Nasdaq closing bell "Everything is on the table," commented a pumped-up Pankaj Khanna in conversation with Splash yesterday on expansion plans following his ringing of the closing bell at the Nasdaq in New York, sealing long-held dreams to get his company listed. The CEO of Heidmar Maritime Holdings Corp merged with lifestyle brand portfolio company MGO Global earlier ...
APM Terminals acquires the Panama Canal Railway Company At a time when Panamanian transport infrastructure is making regular headlines, Maersk's ports arm APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City and the Lanco Group/Mi-Jack for an unspecified sum. PCRC operates a 76 km single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between ...
Stena Line unveils energy-efficient RoRo Stena Line has unveiled a new concept roro vessel design. Dubbed the Stena Futuro, the vessel's designers claim the ship can slash energy usage by at least 20%. "The mission is to develop the most efficient and competitive vessel possible for a specific cargo capacity, using today's available technology. The goal is for the vessel ...
Uncertainty, rerouting and trade havoc: the implications of Trump tariffs for shipping Key US trading partners such as China, South Korea, Japan and the EU have vowed to retaliate against US tariffs...
Shipping companies 'must do more' to prepare against threats Maritime traffic in the Red Sea region is unlikely to return to normal before the autumn of this year, at...
What the IMO levy rollback means for shipping The IMO green talks look headed toward a fuel standard with a revenue-raising feature baked in, instead of a separate...
Tariff impact on dry bulk limited, but worse could be to come The dry bulk sector has escaped the worst of Trump's 'Liberation Day' tariffs, but international retaliation will hurt the sector...
Tariff impact on cargo underwriting should even out, says IQUW's Heeley Some concern is expressed over knock-on effects on supply routes
Nova Marine Carriers forms new steel shipping business The new company will use a former Nova Marine-operated bulker to connect raw supply ports with Marcegaglia's manufacturing sites
IMO agrees on standardised emissions data The move is part of a 12-month project involving the biggest class societies, such ABS, DNV, ClassNK and Lloyd's Register
HD KSOE wins $175m tanker order from Sonangol Shipping The Angolan state energy company has placed its second order with the South Korean shipbuilder, following an initial order for...
BNSF-Norfolk Southern unveil faster inland service from Pacific Northwest The expedited service will require terminals within the Northwest Seaport Alliance to load rail-bound trains within 48 hours of vessel arrival, significantly faster than the average dwell times of eight to 15 days experienced last year during a surge in container volumes.
Gemini will roll out more ships to stop cargo from rolling: Habben Jansen While the Gemini Cooperation is hitting its schedule reliability goals, Hapag Lloyd's chief executive said fully unwinding its former carrier alliance and dealing with terminal congestion in some locations are providing challenges.
New US tariffs forcing shippers to recalculate supply chains on the fly Some US-based shippers are racing to beat the April 9 imposition of new tariffs on most goods, while others are holding back product in Asia on the chance the levies will be reduced by President Donald Trump, whose tariff implementation strategy in recent weeks has been marked by a large dose of impulsiveness.
Air cargo braces for impact as US restores duties on Chinese e-commerce But any shipper celebrations over potentially lower rates in a cooling market will be tempered by concerns about border congestion as US customs will now be tasked with processing millions of de minimis imports every day.
Asia-Europe carriers hold back on blanks despite rate weakness There is a seasonal element to the second quarter increase in capacity deployed on the trade, but the reluctance by ocean carriers to withdraw capacity comes amid increasing signs of a price war.
No backing down from shipping's DEI efforts, despite broadsides from governments and companies The number of women in the industry grows, though management inclusion slows, Wista president says
Could nuclear help US cure maritime woes despite continued hurdles? Rules and technology still needs to be worked out, but some energy building behind nuclear
Cruise stocks lose almost $10bn in market value as tariffs stoke recession fears Tariffs could cause 'substantial' economic damage, UBS economist says.
Holland & Knight poaches Seward & Kissel's corporate finance team Hiring firm's London presence said to be a lure for team led by Michael Timpone
Red alert: US shipping stocks dive with broader market on Trump tariffs Zim leads carnage but already hard-hit equities see losses across operating sectors
Shipping giant AP Moller-Maersk says US tariff plan 'not good news' Container market facing heightened uncertainty in an already volatile trading environment
Washington officials explore tweaking US flag rules amid calls to grow fleet Coast Guard and Maritime Administration in talks to review inspection and certification policies
Liberia comes top in study applying investment portfolio criteria to flag states Research by Captain Kapila Malawwethanthri shows where registries could do more to maximise their operations
Going public: Was shipping's IPO 'gold rush' worth it? This week's Streetwise explores the frustration over public company valuations
Dixstone acquires former Nigeria LNG steamship for Gabon FSU job Twenty-two-year-old Moss-type vessel arrives in Sharjah for conversion work
US tariffs upheaval may boost shipping in the end, major Greek owners argue Hellenic players active in bulkers, tankers and containers believe trade inefficiencies could benefit shipping
Crew members injured as raiders board bulker in Haitian port Panama-flagged ship had been anchored in Caribbean nation's capital for two weeks
Greek owner Alberta pounces on second baby cape in quick succession Diversified Inglessis family firm builds up exposure to niche bulker tonnage
Purus Marine linked to breakthrough LNG carrier order at HD Hyundai yard First LNG newbuilding of second quarter booked at strong $263m price
Fulford-Smith sets up new family venture Eden Ocean for post-shipbroking life Retired Affinity (Shipping) founder switches into investment advisor mode but has a milestone birthday to celebrate first
It's not over: Trade wars to hit dry bulk volumes if inflation intensifies and global GDP slows Cement and steel volumes into US likely to bear the brunt following Trump's sweeping tariffs
'Liberation Day will not feel very liberating for those caught in the eye of tariff storm,' shipping analyst says Carriers and shippers face quandary of where to source shipments as US policy redraws freight map
'All tariffs negative for world trade': Car carrier owners digest Trump bombshell Owners await any 'deals' the US strikes with trade partners before reassessing their business
Braemar warns of port delays as Taiwan cracks down on Chinese ships Broker says agents are advising entry requests be made a month in advance
Master was lone watchkeeper on boxship before fatal North Sea collision as probe investigates impact of fatigue Russian charged over death in disaster came on watch less than three hours before fiery accident
Lone watchkeeper charged over fatal North Sea collision as probe investigates impact of fatigue Master charged over death in disaster came on watch less than three hours before fiery collision
Nova Marine forms bulker joint venture with Italian steel maker Marcegaglia Establishment of NovaMar Logistic cements strategic partnership
Maritime law firms team up to tackle complex cases and better compete with rivals Tatham & Co and Sea Green Law will have a combined team of 22 lawyers
Harry Vafias bulker and tanker company goes for third reverse stock split in a year C3is trying to boost share price above minimum $1 on the Nasdaq exchange
Drug smugglers using shampoo and wine to sneak past the sniffer dogs Gangs are increasingly hiding drugs in liquids to avoid dog teams and scanners, the International Chamber of Shipping warns
First vessel arrives at LNG Canada with cooldown cargo New project on schedule for mid-year export kick-off
Greek ship management outfit Navilands Group bags new big-name client as it eyes dynamic growth Konstantakopoulos-backed venture sets out to combine traditional in-house management with a globe-spanning network
Stolt-Nielsen resurrects 2016 share buyback plan to reach $30m target Chemical tanker group still has a mandate to spend another $8.75m on its stock
Chinese creditors pile $4.2m in claims on arrested tanker Former Gatik-managed aframax now faces supplier claims approaching $5m
Container ships and car carriers will be biggest tariff losers, analysts say Fearnley Securities sees US measures as 'clear negative' for boxship volumes
Former CEO Sekkesaeter departs OSM Thome after more than a decade Outspoken Norwegian had been running ship manager's operations in Arendal
Stolt-Nielsen spends $112m to take over tanker joint venture and boost profit Takeover of Avenir LNG also saved first-quarter result in weaker chemical carrier market
Iceberg dead ahead! Swedish Club adds new iceberg spotting tool Alerts for high-risk ice areas are being added to the club's onboard hazard warning system
Evangelos Marinakis turns to South Korea for $1.6bn container haul as US-China tensions flare Greek owner plumps for South Korean yards over Chinese rivals to build three different sizes of vessels
Asia shipping stocks hard hit by Trump's new tariffs of up to 54% on China Asian bourses registered falls of up to 5% on shipping stocks
Former CEO Sekkesaeter departs OSM Thome after decade-plus Outspoken Norwegian had been running shipmanager's operations in Arendal
Billion-dollar dividends and 140 S&P deals: How MPC Container Ships is able to survive in a troubled world Chief executive details company's evolution from riding a bull market to tackling today's challenges
U-Ming Marine orders capesize bulk carriers in China Taiwanese company is paying between $150m and $158m for two conventional-fuelled newbuilds
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