AYK Energy completes battery renewal of four Svitzer hybrid tugs operating at Gorgon LNG AYK Energy reports that it has completed a battery renewal deal for four Svitzer hybrid tugs operating at Chevron Australia's Gorgon LNG terminal in Barrow Island in Western Australia. The four tugs
Stena Line acquires Wasaline The world's northernmost shipping company, Wasaline, has been acquired by Sweden's Stena Line, which strengthens its position in the Baltic Sea by taking over operations of the freight and passenger ferry route
Brussels Mærsk joins Maersk fleet with dual-fuel capability Maersk has officially welcomed Brussels Mærsk into its fleet, marking a key step in the company's sustainability journey. The vessel, now fully operational, moves from blueprint to open seas, ready to serve global trade routes. Equipped with a dual-fuel engine, Brussels Mærsk can operate on both bio- and e-methanol, supporting Maersk's commitment to reducing carbon emissions and transitioning to
AYK Energy upgrades four Svitzer hybrid tugs at Gorgon LNG AYK Energy has completed a battery renewal for four Svitzer hybrid tugs operating at Chevron Australia's Gorgon LNG terminal. The new AYK Aires lithium iron phosphate (LFP) batteries replace the original 2012 systems, offering double the energy density for greater power, range, and efficiency. Each tug, Svitzer Euro, Svitzer Perentie, Svitzer Boodie, and Svitzer Dugong, now carries 1.3 MWh of bat
Queclink launches smart bolt-seal to boost container security Queclink Wireless Solutions has introduced the GES100CG, an ISO 17712-compliant smart bolt-seal designed to enhance container security. The device features advanced connectivity and positioning technology to detect tampering, send real-time alerts, and track containers carrying high-value cargo. Alejandro Patino, Queclink VP of Global Sales, explained the device cannot be reassembled once broken,
CMA CGM strengthens French fleet At the 20th edition of the Assises de l'Économie de la Mer , Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, announced the registration under the French flag (RIF) of ten new 24,000 TEU dual-fuel LNG vessels - the largest of their kind in the world. The move marks a major step in reinforcing France's maritime and logistical sovereignty, with the vessels set to become part of the Group's As
ONE delivers strong Q2 performance Ocean Network Express (ONE) has released its financial results for the second quarter of FY2025 (July-September 2025), showcasing resilience and steady profitability despite global market volatility. The carrier reported revenue of US$ 4.46 billion and a net profit of US$ 285 million, maintaining positive momentum through a challenging period. "Our FY2025 2Q results underscore ONE's resilience an
Pole Star launches AI-powered maritime intelligence platform Pole Star Global has introduced a new maritime intelligence ecosystem, combining analytics, generative AI, and real-time data delivery. The launch includes three products, Meridia, Meridia IQ, and Insights Data Products, designed to help shipping companies, governments, and financial institutions enhance safety, compliance, and operational performance. Three integrated tools Meridia: A unified an
Bilbao marks record cruise season with 95 calls The Port of Bilbao has closed its best-ever cruise season, receiving 95 ships since March, fourteen more than last year. Passenger numbers also hit a new high, reaching 181,004, up from 137,477 in 2024. Travellers mainly arrived from the UK (78,023), the U.S. (45,113) and Germany (20,470). Ships calling at Bilbao ranged from boutique vessels carrying 172 guests to megaships with more than 6,300 p
Singapore and Republic of Korea establish green and digital shipping corridor agreement The Ministry of Transport of the Republic of Singapore and the Ministry of Oceans and Fisheries of the Republic of Korea have formalized a Memorandum of Understanding establishing the Singapore-ROK Green and Digital Shipping Corridor. The agreement was executed by Singapore's Acting Minister for Transport Jeffrey Siow and ROK's Minister of Oceans and Fisheries Chun Jae Soo. The MOU exchange occur
Pilbara Ports initiates reconciliation framework Pilbara Ports has unveiled its inaugural Reflect Reconciliation Action Plan, establishing a foundational commitment to reconciliation and cultivating enduring, respectful relationships with First Nations communities. The Reflect RAP was launched during a stakeholder event in Port Hedland, providing a structured approach to guide reconciliation initiatives throughout workplace operations and port
Container rates rise again in Week 44 Global container spot rates climbed for a third week. The Drewry World Container Index rose 4% to $1,822 per FEU in Week 44, though still 43% lower than last year. Asia-US routes drove the uptick. Rates from Shanghai to Los Angeles increased 6% to $2,438 per FEU. Shanghai-New York rates rose 4% to $3,568 per FEU. Drewry expects another small rise next week after recent general rate increases, but
MITSUI E&S rolls out FALCONs on Kambara Kisen Ship MITSUI E&S has begun providing its FALCONs hull fouling management service for Proactive Earth , a container ship operated by Kambara Kisen. The digital solution is designed to improve fuel efficiency and support CO2 reduction by enabling precise monitoring of hull condition and propulsion performance. Kambara Kisen has already been using a maritime data platform to optimize voyage operations, bu
Global partnership launches maritime innovation centre Lloyd's Register (LR), COSCO Shipping Group, Shanghai Jiao Tong University and the University of Southampton have launched the International Maritime Future Technologies Innovation Centre, a global virtual hub focused on zero-carbon and intelligent-ship technologies. The centre will accelerate research and development in alternative fuels, smart navigation systems and digital tools that support d
Damen delivers new CF 3850 Holger G. to Reederei Gerdes Damen Shipyards Group has delivered its latest Combi Freighter 3850, Holger G. , to German shipping company Reederei Gerdes. The handover ceremony took place on 7 October at Bason Shipyard in Vietnam. The CF 3850 is the newest generation in Damen's cargo vessel range, designed for high efficiency and maximum cargo flexibility. The ship features a box-shaped hold, adjustable grain bulkheads, and a
Israeli ports thrive amid regional chaos as Turkey trade defies political rhetoric Eastern Mediterranean shipping data reveals unexpected resilience as Ashdod and Haifa capitalize on Red Sea crisis
ABS, Siemens partner to advance digital shipbuilding ABS and Siemens Digital Industries Software have signed an MOU to accelerate the digital transformation of shipbuilding and maritime classification. The partnership will advance product lifecycle management (PLM) tools and support data-driven decision-making from vessel design through construction and operation. The collaboration will focus on: Applying Class Rules during 3D ship design Enabling
GXO, Unilever agree 10-year deal for automated hub in France GXO and Unilever have signed a ten-year agreement to build and operate a highly automated logistics hub in the Greater Paris area. The 60,000-square-meter site will consolidate all Unilever product families under one roof and is set to open in June 2027. The facility will boost efficiency, reduce supply-chain complexity and improve customer service. GXO says the partnership demonstrates its abili
ZeroUSV adds third Oceanus12 to autonomous fleet ZeroUSV has completed its third Oceanus12 Uncrewed Surface Vessel (USV), expanding its autonomous fleet for purchase or charter. The new vessel carries a modern take on historic Royal Navy "dazzle" camouflage, celebrating naval heritage while showcasing cutting-edge design. This latest Oceanus12 strengthens ZeroUSV's focus on long-range autonomous vessels and boosts availability of its commercial
NorthStandard appoints new Asia Pacific Underwriting Head NorthStandard has appointed Jack Marriott Smalley as Head of Underwriting for Asia Pacific, effective 3 November 2025. Marriott Smalley has over 14 years of underwriting experience with the Club, including 11 years in Singapore. He most recently served as Head of Southeast Asia Pacific. Throughout his time in the region, he has strengthened NorthStandard's relationships with members, brokers, and
Glovis grows presence in container market with new Busan facility Hyundai Glovis, Hyundai Motor's transportation arm, has taken another step towards expanding its logistics portfolio, agreeing to invest US$126 million to build a container yard and integrated logistics centre in South Korea's Busan New Port. The land for the facility in the port's Ungdong District hinterland complex is 94,938 square metres, equivalent to 13 football fields
What the US-China port fee truce really means A temporary pause in the US-China maritime trade war offers breathing room, but the underlying battle for shipbuilding dominance is far from over
"K" Line upgrades fleet with Cobham Satcom connectivity Cobham Satcom has been selected to equip over 100 vessels in the "K" Line RoRo Bulk Ship Management (KRBS) fleet with next-generation satellite communications. The program supports KRBS's upgrade to Inmarsat's NexusWave service and will continue over the next two years across roll-on/roll-off and bulk carriers. Cobham will supply its 1m SAILOR XTR GX-R2 VSAT antennas, designed for high reliabilit
Middle Eastern actors wage infrastructure war in Horn of Africa A fierce competition is reshaping the Horn of Africa's maritime landscape as Middle Eastern powers pour billions into rival port projects, each vying to control the gateway for landlocked Ethiopia's 120 million consumers
Fujian Guohang drops two bulker orders at Jiangsu Haitong Chinese bulker owner Fujian Guohang Ocean Shipping has scrapped plans to build two 73,800 dwt bulk carriers at Jiangsu Haitong Offshore Engineering Equipment, saying the ships no longer fit its strategic direction. The Beijing Stock Exchange-listed company's board approved the decision to terminate the construction contract, which was part of a four-plus-two series originally signed ...
COSCO fronts launch of the International Maritime Future Technologies Innovation Centre The world's largest shipowner has teamed with two universities and UK class society Lloyd's Register to debut the International Maritime Future Technologies Innovation Centre. China's COSCO is fronting the new organisation along with LR, Shanghai Jiao Tong University and the University of Southampton, two of the world's preeminent tertiary maritime learning centres. The new virtual ...
Splash Singapore launches with ambition to become Asia's largest shipowner gathering The organisers of Geneva Dry and the Maritime CEO Forum series today unveil their next big shipping summit. Splash Singapore (www.splashsingapore.com) is set to make its debut at the Fairmont Hotel on September 24 next year, the day before the city-state's famous annual dinner held by the Singapore Shipping Association (SSA). Splash Singapore is a ...
What US-China trade deal means to crude, LPG, dry bulk and box shipping The shipping consequences of the US-China trade deal are complicated. There is a mix of positives and negatives, effects vary...
More LPG carriers are spoofing loadings in Russia. It's not entirely clear why The gas carriers are employing the playbook of vessels moving sanctioned oil and gas cargoes, but the reason is unclear...
Stena Line acquires carbon-neutral ferry route It announced it had gone carbon-neutral in August after signing a biogas contract with energy supplier Gasum earlier this year
China sets iron ore import record, but long-term demand doubt remains Despite the monthly record set by China in September, long-term demand fundamentals remain questionable
Trouble ahead for marine insurers, IUMI warns Weak dollar squeezing premium income and boosting claims costs
Intercargo celebrates milestone with record membership Dry bulk owners' association turns 45
Global LNG trade flows teeter on knife's edge ahead of EU's due diligence rules More LNG could be diverted to Asia instead if Corporate Sustainability Due Diligence Directive is adopted as exporters look to...
Costamare adds two to feeder orderbook as results beat forecasts Containership owner lifts newbuilding programme in China to six, backed by eight-year charters to liner operator
Selling a tanker into the shadow fleet? That could be on you, Gard warns Rules could apply not just to next owner but owner after that
ONE further slashes profit forecast and warns market downturn may deepen Next year's market will largely hinge on the Red Sea situation and the trajectory of tariffs
Greek shipowners lead crude tanker newbuilding order spree as shipyard slots tighten The VLCC orderbook has now surpassed 140 ships, representing around 15% of the existing fleet, while the suezmax orderbook equates...
MSC confirms flagging of 12 ships to Indian registry The news comes after Indian prime minister Narendra Modi called shipbuilding one of his country's 'top priorities' in an address...
Pan Ocean posts slight third-quarter decline amid focus on stable operations Although operating profit was slightly lower than in the same period last year, strong performance in the LNG business helped...
Hengli Heavy wins another 10 kamsarmaxes, reaching 20 in two weeks Backed by strong government support and a growing offshore portfolio, the Dalian-based builder now holds an orderbook stretching to 2029
The Daily View: The perennial problem of piracy
Tanker stocks sink as Opec+ output pause and softer freight rates stir market jitters Despite a market sell-off sparked by Opec+'s cautious move, the real turning point for tankers may lie in how deeply...
Daily Briefing Resurgent Somali piracy threat growing amid concerns over links to Houthis and al-Shabaab | Chinese yard prices stack up whatever...
Expeditors' Q3 earnings beat forecast on air freight, customs gains But the forwarding and logistics company said its ocean freight business dropped amid low demand and high vessel capacity.
Soft demand in eastbound trans-Pacific overwhelms carriers' GRI attempt An $800 general rate increase implemented over the weekend for West Coast business was already starting to deteriorate by Tuesday after some early - and fleeting - staying power generated by the US-China trade deal.
Australian shipper groups call for legal curbs on terminal operator fee hikes The fresh price increases vary between terminal operators and by export and import cargo, with most ranging between 5% and 15%, though running as high as 47% in one case.
Greek shipowners drive super-charged growth at Portuguese flag Tech-driven certification and EU rules have made the Madeira register an increasingly attractive choice among Hellenic players
Norwegian shares slide $1.27bn despite record revenue as outlook disappoints Revenue and fourth-quarter outlook miss analyst expectations
Sanctioned tanker seized over 'unpaid Suez Canal tolls' Russian-flagged Dignity was blacklisted by the US, UK and EU in 2025
EcoLog wins EU cash for floating CO2 liquefaction and storage unit in Greece Barge-based FLSU would be located alongside country's land-based LNG terminal
CMA GGM newbuildings raise French flag amid Saade charm offensive Liner giant vows to put batch of 24,000-teu newbuildings under its home country's shipping register
'Curious, courageous, compassionate': Altera colleagues pay tribute to Ingvild Saether Former Teekay executive dies at 57
Suez Canal chief calls for shipping comeback as Red Sea crisis ends Message of reassurance as shipping still prefers sailing around Africa
Adnoc investment arm joins with Eni and YPF on Argentina LNG project Middle East energy company's investment arm dives in on supersize FLNG-based development
Performance Shipping seals two-year tanker time charter to ExxonMobil Owner is building its contract backlog
How Dorothea Ioannou is steering the American Club to break barriers Protection and indemnity sector is gradually seeing a growing number of visible, senior women
Port fee pivot: VLGC market bursts into life after US-China pause trade war The number of free gas carriers is shrinking fast as trade truce has immediate impact
Costamare sees boxship shortage in 'very healthy' charter market Big vessels are especially sought after, finance chief Gregory Zikos says
Houthis hid ship-tracking kit for deadly Red Sea campaign in school supplies shipment UN report reveals how militant sourced kit from China for use against merchant shipping
US is first country to export 10m tonnes of LNG in a month as rates rise World's biggest exporter is turbocharging production
Star Bulk returns to China for newbuilding trio at Hengli Resale deal foresees bulker behemoth taking early delivery of the vessels
Over 100 LNG carrier newbuildings needed for new liquefaction projects, HD KSOE says South Korean shipyard group says owners see prices 'bottoming out'
Costamare returns to China for newbuildings backed by eight-year charters Greek owner adds to series of vessels that are boosting contracted revenue
Maersk selects Chinese yard for $2.3bn batch of LNG dual-fuelled newbuildings Shipowner bags a 'bargain' as it speeds ahead with fresh orders
Greek-American shipowner targets US government contracts for newbuildings MRs will become the first vessels in a decade to join the US shipping registry straight out of a South Korean yard
MOL expects 2025 profits to dive 57.7% on slowing Chinese economy Japanese shipowner says its container business is dragged down by falling freight rates
Thenamaris ends decade-long suezmax tanker order drought Nikolas Martinos-led company contracted two newbuildings worth about $162m
Hong Kong lawyer Peter Lee lured from Reed Smith after 24 years Experienced legal expert becomes a partner at Stephen Harwood
How Dorothea Ioannou shook up the American Club to break the gender barrier Protection and indemnity sector is gradually seeing a growing number of visible, senior women
James Fisher kicks off new Uruguay base with first ship-to-ship transfer London-listed group is targeting the STS transfer business in South America
Trump's tariff power faces major legal test in top US court Supreme Court to hear oral arguments on Wednesday over whether the president exceeded emergency authority
Danish owner DFDS sells freight ro-ro as part of fleet rejig Cappadocia Seaways is leaving the fleet after 23 years
Angelicoussis banks double VLCC payday as rates ride five-year highs Brokers say fundamentals remain in place to hold earnings above seasonal norms
Stena Line takes over Wasaline in Baltic Sea Operation of ferry route gives Stena access to Wasaline's bio-LNG-fuelled Aurora Botnia for FuelEU maritime pooling
UK sanctions body warns of fresh crackdown on Russia-linked trade Transgressors face larger fines if they fail to carry out adequate due diligence
NorthStandard unveils new head of underwriting for Asia-Pacific Jack Marriot Smalley tasked with developing talent in the region
Panos Laskaridis strikes for product tanker newbuilding in China Greek shipping company makes it three MR resale acquisitions from Pro Tanker Investment
MOL bucks the trend by forcing down rate on Diana Shipping newcastlemax Greek owner accepts lower number as NYK contract comes to an end
Mission to Seafarers' 'extra special' black-tie celebrates young seafarers at maritime awards Event also recognised outstanding young seafarers for their contributions to the maritime world
MOL expects 2025 profits to dive 57.7% on slowing Chinese economy Japanese shipowner says its container business is dragged down by falling freight rates
New Vietnamese shipowner launches with bargain bulker buy Hoang Giang Shipping has acquired a supramax at auction for $9m
How Macquarie grew a $2bn shipping book from a single tanker deal Shipping finance unit's flexibility is a competitive advantage, Marc Hari says
Hengli Shipyard stacks bulging orderbook with 10 kamsarmax bulk carriers Newbuildings were ordered by three European companies
NorthStandard unveils new head of underwriting for Asia Pacific. Jack Marriot Smalley tasked with growing underwriting in Asia Pacific, and on developing talent within the region.
State shipowner swoops for Eastern Pacific Shipping tanker trio Vietnamese company cements expansion plans
Mission to Seafarers celebrates 100 years in Singapore Annual gala dinner also recognised outstanding young seafarers for their contributions to the maritime world
Dispute over tanker collision with racing yacht ends after both sides holster weapons Idan Ofer-backed tanker owner withdraws lawsuit after yacht owners pull back their claims
Death toll in UPS cargo jet crash rises to 7 A UPS freighter aircraft destroyed buildings after slamming into an industrial area shortly after takeoff in Louisville, Kentucky, forcing the company to suspend shipping operations from its hub there.
UPS cargo jet crashes during takeoff from Louisville hub Emergency crews are responding to a UPS Airlines plane crash at the Louisville International Airport in Kentucky.
Japan's ocean lines face profit decline amid tariff impact Ocean Network Express said earnings fell in the recent quarter on weaker revenue per container, and revised its forecast lower for 2025.
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