BlackRock-led consortium set to acquire Panama ports In his January 20 inaugural address, President Donald Trump said that the Panama Canal had been "foolishly given" to Panama. "And above all," he said, "China is operating the Panama Canal. And
Deck barge to have new role as rocket landing platform A 400 x 105 foot deck barge secured from Canal Barge Company is set to have a new role, deployed off the U.S. East Coast as an ocean landing platform for rockets
TTB 2025: Optimizing engine load and RPM for fuel & CO2 savings At Marine Log's Tugs, Towboats & Barges (TTB) 2025 conference, taking place on March 25-26 in Mobile, Ala., Renu Shete, naval architect at Shell Shipping and Maritime, and Rick Iuliucci, vice president
NTSB reports on $7M collapse of degraded dock after barge contact The National Transportation Safety Board has released its report into an April 25, 2023 incident in which about 150 feet of a degraded dock at the Chalmette Refinery crude oil dock near
James McNally named new Manson president and CEO Seattle, Wash.-headquartered Manson Construction Co. has named James (Jim) McNally its president and CEO. McNally, previously Manson's executive vice president and chief operating officer (COO), succeeds John Holmes, who has retired after
Saltchuk strengthens commitment to Puerto Rico The Saltchuk Group is partnering with the University of Puerto Rico at Mayagüez (UPRM) and the Polytechnic University of Puerto Rico (PUPR) to establish two programs focused on transportation and logistics. These
Global shipping industry shows mixed signals following Trump's tariff threats The global shipping industry has faced significant uncertainty and mixed reactions following the implementation of tariffs and trade threats by US President Donald Trump during his second term. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Eastern Mediterranean ports proceed with significant investments In 2024, the Eastern Mediterranean region, a crucial hub for maritime trade, has witnessed significant investment and expansion across its major ports. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
CCM rolls out 12,000th refurbished chassis to South Atlantic Chassis Pool Consolidated Chassis Management (CCM) announced the early delivery of its 12,000th refurbished chassis to the South Atlantic Chassis Pool (SACP). This event marks a significant step in the initial phase of chassis modernization in the region, with plans to completely upgrade the nearly 45,000-unit fleet by the end of 2027. Paul Nazzaro, CEO of CCM, stated that SACP is positioned to meet the urgen
AD Ports set to receive advanced cranes for new Safaga terminal in Egypt AD Ports Group is ready to receive three new state-of-the-art Panamax cranes from Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC). These cranes are earmarked for the Group's new multipurpose cargo terminal in Safaga, Egypt, anticipated to commence operations in the second half of 2026. AD Ports Group is allocating AED193 million (US$52 million) to acquire three ship-to-shore (STS) cranes and six
Carrix adopts Nokia's private wireless solution across US box terminals Carrix, an independent marine terminal and rail yard operator, is partnering with Nokia to introduce Nokia DAC, a private wireless solution, into its operations at several marine terminals in the United States, including in Jacksonville, Florida; Long Beach, California; Oakland, California; and Seattle, Washington. Founded in 1949, Carrix operates more than 250 terminal facilities and rail yards
Monthly Stock Performance Highlights Monthly stock performance in the maritime industry has shown significant fluctuations over the past month, reflecting the shifting dynamics of global trade, freight demand, and investor sentiment. Market volatility continues to influence stock performance, with some companies benefiting from rising freight rates, while others face external challenges like supply chain disruptions and economic unc
DP World's Modal Shift Programme moves 100,000 containers DP World has recorded the 100,000th container moved by rail from its Southampton logistics hub as part of its carbon emission reducing Modal Shift Programme trial. "The share of rail freight for onward journeys by containers arriving by sea at DP World Southampton has risen from 21% at the start of the programme to more than 30% today," said DP World in a statement. "The increase means 100,000 mo
Maersk christens dual-fuel methanol ship, announces India investment plans Danish ocean carrier Maersk named its newest dual-fuel methanol container vessel in Mumbai, India on 28 February. The vessel, named Albert Maersk, is the eleventh ship in Maersk's fleet capable of operating on methanol. Albert Maersk is part of a series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. Built at Hyundai Heavy Industries in Ulsan, South Korea, the boxs
Port of Liverpool unveils new deep water bulk berth The Port of Liverpool has inaugurated a new deep water bulk berth, marking a significant enhancement to its cargo handling capabilities. This is the first deep water bulk berth to open at the UK port in four decades, located within Peel Ports Group's Alexandra Complex. The development, which represents a £2 million (US$2.5 million) investment by Peel Ports, is part of a broader initiative to mode
Port of Oakland presents 5-year strategic plan Port of Oakland leaders presented their strategic objectives for the upcoming five years. The annual 'State of the Port' event, sponsored by the Pacific Merchant Shipping Association and Women in Logistics, which was fully booked and also streamed live, took place at Scott's Pavilion in Oakland's Jack London Square on 26 February. Port of Oakland Executive Director Danny Wan expressed his gratitu
Russian strikes hit MSC ship in Odessa An MSC container vessel was damaged in a Russian missile attack on Ukraine's Odessa port on 1 March. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
ONE vessel scrapes Maersk boxship in Hong Kong Two container ships collided in Hong Kong's Kwai Tsing Container Port on 28 February. The 2018-built, 14,000 TEU ONE Columba, operated by Ocean Network Express (ONE) was trying to berth after sailing in from Shenzhen, China, when it came into contact with the anchored 1999-built, 7,060 TEU Clifford Maersk, which is operated by Maersk Line. Clifford Maersk was discharging containers at the time an
WiseTech Global acquires Opentecnología WiseTech Global announced a conditional agreement to acquire Opentecnología, a top customs and logistics technology firm specializing in solutions for the Colombian market. This acquisition aims to enhance CargoWise's capabilities in global customs across Latin America. Authorized by Colombia's National Tax and Customs Directorate (DIAN) as a technology provider, Opentecnología is integral to Col
Port of Antwerp-Bruges begins tendering process for Maritime Logistics Zone expansion Port of Antwerp-Bruges proceeds with the development of the Maritime Logistics Zone in Zeebrugge. Under the slogan "Develop your project at Europe's gateway", the Belgian port is initiating a tendering process for a site of 85,000 square metres in a strategically located area. "This unique opportunity is aimed at both domestic and international investors involved in the distribution or logistics
Port of Long Beach rolls out US$57 million green incentive projects The Port of Long Beach (POLB) has announced the launch of two new incentive programmes totaling US$57.4 million to accelerate emissions reductions by supporting the purchase of zero-emissions cargo-handling equipment and cleaner harbor craft. The funding is part of the System-Wide Investment in Freight Transport (SWIFT), an initiative funded by the California State Transportation Agency's Port an
The Gulf's Top-10 Ship Owners An in-depth look at the leading players shaping the GCC's maritime industry and newbuilding trends Using VesselsValue data, we take a look at the fleet owned by nations within the Gulf Cooperation Council (GCC), shining a spotlight on the top 10 newbuilding buyers in 2024, the most popular vessel types ordered, and the most prominent owners in the region. Of the top owners within the GCC, taking
Car Transportation and Containers: All the Fundamentals to Consider Before Exporting Your Car When it comes to shipping your car, either to transport it cross-country, overseas to another country, or purchasing a car online, there are a lot of considerations to think about. Of the most important considerations of car shipping is the knowledge of the shipping process itself and the effect that various shipping containers have on the car itself and its overall condition. In this article, we
Sedna buys workflow automation platform Flytta UK-based technology firm Sedna has acquired Flytta, an AI-powered workflow automation platform for global trade and supply chains for an undisclosed sum. Flytta originated as an in-house solution at Casper Shipping, designed to streamline internal operations before being further refined and commercialised by Seer. Flytta's Customs Import and Export Automation workflow is now part of ...
Spetalen's S.D. Standard ETC sells stake in Dolphin Drilling Øystein Stray Spetalen-controlled S.D. Standard ETC (SDSD) has sold its stake in semisub rig owner Dolphin Drilling. SDSD said in an Oslo Bors filing that it sold nearly 50 million shares of the offshore driller which represents a 17.1% stake in Dolphin Drilling. The shares were sold for NOK1.1 per share for a total transaction ...
Trump's trade war steps up a gear US president Donald Trump's new round of tariffs against his country's top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as well as a 20% duty on Chinese goods. China responded in kind, imposing extra 10%-15% tariffs on some US imports ...
Splash at 10: How the industry has changed Splash turns 10 today, the site covering one of shipping's most tumultuous decades on record. Chinese shipyards going under or restructuring and capes heading for the scrap heap dominated headlines on March 4, 2015 in what was by common consent a far easier time to be covering the shipping and offshore industries, a period where ...
DDW Offshore sells anchor handler for $25m Norway's DDW Offshore, a subsidiary of Akastor, has decided to sell one of its anchor handling tug supply (AHTS) vessels to an undisclosed client. DDW Offshore agreed to sell the 2010-built Skandi Peregrino for a purchase price of $25m. According to an Oslo Bors filing, the agreement is entered into on saleform 2012 terms, suitably ...
EnerMech wins work on SBM Offshore's Guyana-bound FPSO UK-based oilfield services provider EnerMech has been selected by Dutch floater expert SBM Offshore to carry out pre-commissioning work on the One Guyana FPSO set to work for ExxonMobil. The company successfully delivered pre-commissioning campaigns for all three FPSOs currently producing in the field - Liza Destiny, Liza Unity, and Prosperity. EnerMech also secured the ...
IMO flagged about new register created in tiny uninhabited South Pacific island Wily, shady entrepreneurs are scanning world maps to seek ever more distant outposts to establish ship registers to help grease the flows of the dark fleet. France and The Netherlands have submitted a paper to the International Maritime Organization's legal committee about the emergence of two new shipping flags with questionable credentials, one in the ...
CMA CGM spends $2.5bn on a dozen newbuilds at China's Jiangnan France's CMA CGM has signed up for a fresh series of containership newbuildings in China. The Marseille-headquartered liner giant is being widely tipped as the owner behind a dozen LNG dual-fuel 18,000 teu vessels contracted at CSSC Jiangnan Shipyard. The order comes hot on the heels of the United States Trade Representative (USTR) agency's proposal ...
Barakah Offshore looking for new pipelay barge buyer as sale falls through Malaysian offshore service provider Barakah Offshore Petroleum is searching for a new buyer for its pipelay and accommodation barge Kota Laksamana 101 after a preliminary deal with PT Wintermar Rajawali expired at the end of February. Barakah has been exploring options to sell the barge since January last year. It was looking to earn at least $11.4m ...
The thousand faces ship: how Chinese vessels change names mid-voyage The latest ship accused of damaging cables off Taiwan had a simple way of changing identity. Taiwan's coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands. The Togo-flagged Hongtai 68 was able to change its name ...
Global offshore wind additions to hit 19GW in 2025 The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80bn, a new Rystad Energy report suggests. This recovery follows a slowdown at the end of last year when new installations dropped to approximately 8GW which is 2GW lower than ...
Polish study suggests ships are conducting GPS jamming operations in the Baltic A study by Polish researchers claims that moving vessels on the Baltic Sea are responsible for an escalation in GPS disruptions in the region. The study observed GPS interruption at a ground level with a sensor installed at Gdynia Maritime University in the north of Poland, some 120 km from the Russian exclave of Kaliningrad. ...
China Merchants buys major Brazilian VLCC terminal China Merchants has bought a 70% stake in Vast Infraestrutura, Brazil's only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in the oil terminal from US-based EIG Global Energy Partners, which has been developing the site for the past 10 years. ...
Splash at 10: Correlation is causation On Splash's big birthday, lead columnist Andrew Craig-Bennett gives his take on the past decade. Ten years ago, the industry that we all love was getting over the 2012 crisis - the year when many of the ships ordered during the 2004-2008 boom caused by China's accession to the World Trade Organization were delivered. Everything ...
US designates Houthis as foreign terrorist organisation The Houthis were previously designated by the Trump administration in January 2021, before that order was revoked by the Biden...
CK Hutchison agrees $22.8bn deal to sell off Hutchison Ports stake CK Hutchison Holdings has agreed in principal to sell 80% controlling stake of Hutchison Ports group, to consortium led by...
Trump's tariff war heats up Soyabean import licences for three US firms were cancelled by Beijing on Tuesday and Canada imposed tariffs on $30bn worth...
UCL's Smith hits out at flawed IMO credit trading compromise Green shipping expert Tristan Smith said a compromise plan for a credit trading scheme floated at the IMO suffers from...
Gard completes Codan acquisition Move said to give P&I club interest in 90% of offshore wind projects outside China
Big variances to China-built boxship exposure for US service providers Fees on China-built ships may or may not be implemented and questions remain about who will pick up the bill
Salvors will focus on removing fuel from stricken MSC boxship The world's biggest container line said it is working closely with a marine oil spill response service on plans for...
ContainersCasualtyTowage and SalvageUS designates Houthis as foreign terrorist organisation The Houthis were previously designated by the Trump administration in January 2021, before that order was revoked by the Biden...
CK Hutchison agrees $22.8bn deal to sell off Hutchison Ports stake CK Hutchison Holdings has agreed in principal to sell 80% controlling stake of Hutchison Ports group, to consortium led by...
Trump's tariff war heats up Soyabean import licences for three US firms were cancelled by Beijing on Tuesday and Canada imposed tariffs on $30bn worth...
UCL's Smith hits out at flawed IMO credit trading compromise Green shipping expert Tristan Smith said a compromise plan for a credit trading scheme floated at the IMO suffers from...
Gard completes Codan acquisition Move said to give P&I club interest in 90% of offshore wind projects outside China
Big variances to China-built boxship exposure for US service providers Fees on China-built ships may or may not be implemented and questions remain about who will pick up the bill
Salvors will focus on removing fuel from stricken MSC boxship The world's biggest container line said it is working closely with a marine oil spill response service on plans for...
Admiralty Court firms up legal definition of salvage Anti-suit injunction stops Rotterdam proceedings
Opec+ proceeds with oil production increase as US tariffs begin Voluntary Opec+ cuts have been in place for more than a year, but the decision to unwind them from next...
Optio acquires Norwegian marine MGA Acquisition of S Insurance will complement Optio's existing marine business
Why a US withdrawal from world stage would be bad for shipping In the keynote discussion of TPM25 by S&P Global, former US national security advisor and ambassador to the UN offered...
The Daily View: Uncertainty is the new normal Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
China's CSSC yard wins ULC order linked to CMA CGM amid US port fee threat Deal comes despite risks of US port fees targeting China-built ships and operators with orders at Chinese yards
If US taxes Chinese ships, liners could pull capacity from US ports MSC chief executive Soren Toft believes 'sanity will prevail' and the US port fee plan won't go ahead as currently...
Wah Kwong and CIMC Enric forge green methanol partnership Under the pledge, Wah Kwong will be an investor, offtaker and logistics partner for CIMC Enric's production of green methanol...
Daily Briefing Maersk warns IMO rule glitch could entrench fossil LNG | New trade war salvos offer rate respite before demand dives...
Hutchison inks $22.8 billion deal to sell majority of port holdings to BlackRock, TiL The massive deal includes Hutchison's 90% interests in the Panama Ports Company, which owns and operates the ports of Balboa and Cristobal on the Pacific and Atlantic entrances to the Panama Canal and has been the object of recent scrutiny from the Trump administration.
TPM25: DSV's Lund says more global forwarding consolidation is needed Large customers are looking for large logistics partners that can offer more control over supply chains as international trade becomes more complex, the CEO tells TPM25.
TPM25: Gemini hitting 90% reliability target as new network rolls out: Habben Jansen While the new network will need two cycles to be fully phased in through the next two or three months, the Hapag-Lloyd CEO said Gemini was "off to a good start" with 550 port calls made so far and 45 of 57 services already started.
K+N sees volatility ahead from uncertain demand, geopolitical risks Contract logistics was the star performer in the company's portfolio in 2024, with gross profit rising 4% to $4 billion.
TPM25: BNSF believes Barstow hub can improve service to smaller markets The Barstow International Gateway (BIG) could cut transit times on international intermodal business and increase the resiliency of Southern California ports during freight surges, BNSF CEO Kate Farmer said.
EPCs bullish on US energy segment for projects, growth Fluor, KBR, TechnipFMC and Worley are predicting moderate to strong growth in project orders this year, buoyed by oil and gas work.
John Fredriksen in bulker retreat as CMB.Tech spends $1.2bn for his entire stake in Golden Ocean Deal marks remarkable turnaround in relationship between formerly feuding shipping empires
BlackRock and MSC forge $22.8bn CK Hutchison deal that includes ports under Trump pressure Sweeping transaction includes Hutchison Port Holdings' 43 facilities outside China
EU court criticises lax enforcement as ships slip through pollution net Report by European Court of Auditors finds checks are inadequate and penalties too soft
Transpacific container rates crash after Trump tariffs and Beijing's retaliation Spot freight earnings on China to US West Coast plunge 30% in a day
EU needs help to police shadow tanker fleet shipping Putin's oil, official says Kristian Sniter explains that coordinated global action needed to police elderly tankers shipping Russian crude
US-China tit-for-tat tariffs to boost Brazilian soy shipments Shift to South America to impact tonne-mile demand
Tycoon Oystein Stray Spetalen launches takeover offer for shipping investment firm Norwegian investor has passed 30% threshold in Cyprus-based company SD Standard ETC
Questions trump answers for ship operators as US plots Chinese port fee hike WFW partner Daniel Pilarski outlines the grey areas arising from the Trump administration's latest proposals
UK P&I's Greece boss Sean Geraghty takes on claims director role Long-serving insurer will be replaced by Philip Clacy in Athens
Unexpected Opec production hikes expected to boost tanker fortunes The bloc will gradually unwind multi-year cuts over the next 18 months
Greek owner Transmed linked to profitable tanker asset plays with former Teekay suezmaxes Company is said to have sold its two oldest vessels at a profit
Liner operators scramble to trim capacity ahead of new Trump tariffs Falling rates and volumes lead carriers to cutback on major east-west trades
Maritime tech firm Sedna buys AI workflow automation platform from Casper Shipping London tech platform's strategy is to embed more AI into its systems
LNG spot charter rates turn upwards amid talk of dead cat bounce But market players are hopeful that levels will not sink back
Trump's team 'drawing up' list of Russian sanctions it could ease White House looking at ways to improve diplomatic and economic relations with Putin regime, sources tell Reuters
UK P&I's Greece boss Sean Geraghty takes on global claims director role Long-serving insurer will be replaced by Philip Clacy in Athens
'Opaque channels' will keep Iranian oil flowing after sanctions, says Braemar Tehran's crude is still cheaper than mainstream cargoes
Europe bans trio of ships after nine detentions in three years Turkish cargo vessels and a ro-ro barred from Paris MoU ports
Significant premiums and a two-tier market: How Trump's crackdown on Chinese ships will impact VLCC space Extra costs will likely be passed on to US consumers at the petrol pumps
New Nordic investment bank launch intensifies competition for shipping deals SpareBank 1 and Swedbank venture will have 240 employees in Sweden, Norway and US
Trio of elderly vessels banned by Paris MOU after multiple detentions Port state organisation finds fault with Turkish cargo ships and a roro
Kjell Inge Rokke company fetches firm price for anchor-handler to cut debt Norwegian tycoon finds buyer for Skandi Peregrino at $25m
Shell shuffles oil and gas executives in next stage of strategy reset Cederic Cremers to lead the company's integrated gas division
Bulker and container shipping stocks dragged down as Trump's tariffs heat up trade war Golden Ocean shares fall more than 5% in Oslo following latest moves in Washington
Venture Global approaches shipyards for LNG carrier newbuilding haul US producer wants to move at pace on next round of vessels
China Merchants splashes $448m to take over only private VLCC terminal in Brazil Chinese group acquires 70% stake in Vast Infraestrutura
MISC tied to order for giant ethane carrier newbuildings at Hyundai Heavy Newbuilding price for the 100,000-cbm VLECs is $157m each
French container line CMA CGM inks $2.6bn order in China despite Trump fees French liner giant named as buyer behind container ship order at CSSC shipyard
Ocean Yield inks cheaper financing through bond tap issue Total amount after tap issue is NOK 1.05bn
T&T Salvage awarded contract for MSC Baltic III casualty Swiss liner giant says no pollution detected from wreck that likely cannot be refloated
CMA CGM undeterred from ordering newbuildings at Chinese state-owned shipyard French liner giant named as buyer behind container ship order worth up to $2.6bn at CSSC shipyard
New Fortress Energy's Fast LNG offshore plant producing above capacity But company has been hedging its bets on how to handle excess supply over current demand
Beijing stockpiling strategy may drive up commodity insurance premiums, says Caixa Most of China's crude and derivative imports pass through Malacca Strait choke point
HMM denies buying newcastlemax bulker from Hong Kong owner South Korean shipowner says it is not interested in buying the Oriental Dragon despite what brokers say
After Trump pressure, China sells Panama port terminals to US private equity firm, MSC A consortium led by U.S. private equity firm BlackRock has agreed to purchase the Panama port terminals owned by CK Hutchison of Hong Kong.
Milwaukee airport building facility to lure cargo from Chicago area A private developer has started construction on a speculative cargo terminal at Milwaukee airport with the goal of bringing more direct air cargo service to shippers in Wisconsin.
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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