ABS awards Deltamarin and CMHI AiP for versatile FPSO hull Turku, Finland-headquartered Deltamarin and China Merchants Heavy Industry (CMHI) have received Approval in Principle (AiP) from classification society ABS for a new versatile Floating Production Storage and Offloading (FPSO) hull design. The
Stephen A. Edwards named new Hornblower Group CEO Hornblower Group reports that Stephen A. Edwards has been appointed as its chief executive officer, effective January 1, 2026. He will succeed Mike Flaskey, who will transition to a senior advisor role
World Fuel supplies Norwegian Viva with waste-based biofuels in Greece Norwegian Cruise Line Holdings has carried out one of the first commercial biofuel bunkerings for a cruise vessel in Greece, with Norwegian Viva receiving a waste-based marine fuel blend in Piraeus. Coordinated
Vietnam now Port of Savannah's fastest growing trade partner Vietnam is emerging as the Port of Savannah's fastest-growing trade partner, propelled by increased manufacturing and a strong push to expand the country's logistics backbone. "With its strategic location and business-friendly policies,
GD NASSCO and Korea's DSEC and Samsung Heavy in MOA As cooperation between U.S. and South Korean shipbuilders continues to grow, General Dynamics NASSCO and South Korean shipbuilders DSEC Co. and Samsung Heavy Industries Co. have signed a three party memorandum of
Sea1 Offshore construction vessel quartet will feature Kongsberg LARS Kongsberg Maritime has signed a major contract with Norway's Sea1 Offshore (the former Siem Offshore) to deliver Launch and Recovery Systems (LARS) for the company's four new offshore construction vessels. Each vessel
Laude, Loconi launch Gdansk-Ukraine rail link Laude Smart Intermodal and Loconi Intermodal have launched a new rail connection from the Baltic Hub terminal in Gdansk to Ukraine. The service runs in cooperation with a Ukrainian partner and rail operator PKP LHS. It uses Laude's intermodal terminal in Zamosc as the main transfer hub. The facility sits on Poland's broad-gauge railway and links directly with Ukraine's rail network. The launch st
MABUX: Bunker indices mixed in week 49 At the close of Week 49, the global MABUX bunker indices moved in mixed directions, with no distinct trend emerging. The 380 HSFO index rose by US$6.26 to US$410.15/MT. The VLSFO index edged up by US$1.28 to US$489.11/MT, while still remaining below the US$500/MT threshold. In contrast, the MGO LS index declined by US$2.27 to US$765.25/MT. At the time of writing, global bunker fuel prices continu
Fincantieri and ASRY sign Bahrain cooperation deal Fincantieri has signed an industrial cooperation agreement with Bahrain's ASRY. The deal strengthens the Italian group's presence in the Gulf. Italian Prime Minister Giorgia Meloni and Bahrain's Crown Prince and Prime Minister Salman bin Hamad Al-Khalifa attended the signing. The companies signed the agreement on the sidelines of the 46th Gulf Cooperation Council Summit. Fincantieri Chairman Biag
DP World awarded Chattogram Terminal as legal challenge looms The Bangladesh government has awarded the New Mooring Container Terminal at Chattogram Port to DP World. The decision has drawn criticism at home. Opponents question transparency, national control, and job security. The Bangladesh Jubo Arthanitibid Forum has filed a legal challenge. The High Court is set to rule on December 4, 2025. Authorities have paused the handover until the court delivers it
WinGD, OPearl sign 15-year service deal WinGD has signed a 15-year service agreement with OPearl LNG Ship Management. The deal was signed at Marintec in December. The agreement covers 14 LNG carriers. It aims to protect engine performance, boost reliability, and improve efficiency as LNG demand continues to rise worldwide. WinGD will provide spare parts, field service, technical support, and performance monitoring. The package also inc
Port of Long Beach taps Noel Hacegaba as next CEO The Port of Long Beach plans to appoint Dr. Noel Hacegaba as its next Chief Executive Officer. The Harbor Commission will consider the appointment on December 8. His term would begin on January 1, 2026. Hacegaba currently serves as Chief Operating Officer. He will replace Mario Cordero, who steps down at year-end after leading the port through record cargo growth and the pandemic. Harbor Commissi
Freightos Weekly Update: Red Sea rebound false start? Last week, statements by the Suez Canal Authority indicated that Maersk's return to the Red Sea was imminent. Maersk quickly denied they had set a date, and now it appears all the excitement may have been mostly a misunderstanding, though there are signs that Maersk is at least dipping some toes back to the lane through third parties. So a Red Sea rebound may not be coming as soon as it seemed a
Liebherr to deliver first STS cranes to Florida's Gulf Coast Liebherr Container Cranes has signed an agreement to supply two ship-to-shore (STS) cranes to Port Tampa Bay in Florida. The deal marks Liebherr's first STS crane installation on Florida's Gulf Coast. The cranes will play a central role in the port's "Vision 2030" development plan. They are expected to boost berth productivity, improve vessel turnaround times, and strengthen long-term operational
How Gulf ports turned Chinese cash into geopolitical power Over US$20 billion in Asian infrastructure investments has transformed Middle Eastern ports from regional transshipment nodes into strategic chokepoints reshaping global trade flows and the timing couldn't be more calculated
Yang Ming issues customer advisory on accurate cargo declaration requirements Yang Ming has released a new customer advisory underscoring the crucial importance of accurate and complete cargo declarations to ensure safe, compliant and uninterrupted transport operations both at sea and onshore. The company reminds shippers that all cargo details - including full and truthful descriptions, characteristics and required documentation - must be provided at the time of booking a
Why COSCO launches technology institute amid Western tech restrictions Beijing's move signals determination to achieve maritime tech self-sufficiency as geopolitical tensions reshape global shipping
ONE expands Adriatic presence with new agency in Albania Ocean Network Express (Europe) Ltd. has appointed Centralog Albania Sh.P.K. as its official agency in Albania. The move strengthens ONE's presence in the Adriatic and supports growing trade across the Balkans. Centralog Albania Sh.P.K. is a new joint venture. It combines Centralog, ONE's trusted agent in Koper, Slovenia, with Shega Trans, a leading Albanian logistics provider. Together, they brin
Update-M/V One Henry Hudson fire incident at Port of Los Angeles The M/V One Henry Hudson has been moved to Yusen Terminal (YTI), Berth 212, at the Port of Los Angeles following a fire onboard. The fire has been fully extinguished. ONE Shipping continues to monitor the vessel to ensure no further issues arise. Large volumes of water were used to fight the fire. The vessel must dispose of this water before inspections can proceed. Vessel owners and the appointe
Interview with Axel Mattern, CEO, Port of Hamburg Marketing In this exclusive interview, Container News Journalist Antonia Saratsopoulou speaks with Axel Mattern, CEO, Port of Hamburg Marketing. Mr Mattern discusses how the Port of Hamburg is leveraging its unmatched connectivity to the European hinterland, pioneering "smart port" technologies, and investing in sustainable infrastructure to remain a preferred hub for global shipping lines and businesses a
The Port of Valencia presents pilot project for hydrogen-powered port machinery The Port of Valencia today hosted the final conference of the H2PORTS project, a pioneering initiative that has enabled the testing in real operations of a hydrogen-powered ReachStacker and a 4�4 tractor unit, as well as a mobile refueling station for this clean fuel. The event, which brought together 30 speakers and more than 150 participants and presented the main results of this initiative, to
Port of Auckland purchases new fuel tanker Port of Auckland Limited subsidiary Seafuels has announced the signing of a shipbuilding contract that will enable shipping lines to refuel with more sustainable options. The new US$50 million project includes a new bunkering vessel which will have the ability to provide two new environmentally friendly fuels, biodiesel and methanol, as well as continuing to supply low-sulfur fuel and marine dies
COSCO and Yang Ming send more ships to Asia-North Europe after alliance shake-up COSCO Shipping Lines and Yang Ming Marine Transport have significantly increased their Far East-North Europe capacity, after shipping alliances were jigged in February. Yang Ming is part of THE Alliance that lost Hapag-Lloyd after the German operator decided to pair up with Maersk Line to form Gemini Cooperation. Thereafter, THE Alliance became Premier Alliance, comprising Yang Ming, ONE and HMM.
Zelus acquires Munck to boost Canada crane operations Zelus Material Handling Inc. has acquired Munck Cranes Inc. The deal strengthens Zelus' position as a national leader in overhead crane manufacturing and service in Canada. Zelus is part of the Ardent Group of Companies. Munck is one of Canada's most established crane manufacturers. The acquisition brings two respected Canadian brands together. It also expands Zelus' national reach, manufacturing
How Berbera port reshape Red Sea power dynamics Djibouti's expulsion of DP World from its flagship terminal has ignited a strategic realignment across the Horn of Africa, with Ethiopia's landlocked desperation and UAE's regional ambitions colliding at Berbera's contested docks
DP World expands freight forwarding to Sweden DP World will launch freight forwarding operations in Sweden in February 2026. The new offices in Stockholm and Gothenburg will connect Swedish importers and exporters to DP World's global network. The offices will support trade routes to the Middle East, Africa, Asia Pacific, and Latin America. They strengthen DP World's network of 180 business units in 70 countries. Regional partners will suppo
Patrick Terminals signs 10-year strategic deal with Kalmar Patrick Terminals has signed a 10-year supply agreement with Kalmar. The partnership has supported Australia's leading container terminals for over 20 years. The agreement strengthens Patrick's leadership in straddle operations. It supports ongoing investment in equipment and automation. Patrick plans to improve efficiency, safety, and decarbonisation at its terminals. Kalmar will maintain a skil
Lufthansa Cargo and Swiss WorldCargo form strategic alliance Lufthansa Cargo and Swiss WorldCargo have launched a new strategic partnership. Both companies are the air freight divisions of the Lufthansa Group. They will work more closely to improve operations and increase customer value. Each brand will keep its own identity. However, both teams will align their commercial and operational strategy. In the coming months, the two companies will integrate key
ABS approves Hanwha Ocean's remote control system for FPSOs ABS has issued Approval in Principle (AIP) to Hanwha Ocean Co. Ltd. for remote control functions on floating production, storage and offloading (FPSO) units. ABS completed the review under its Requirements for Autonomous and Remote-Control Functions. The approval confirms that the design meets ABS technical standards for safety and performance. The project forms part of the Offshore Technology Co
Rhenus and INDEX partner to strengthen UAE event logistics Rhenus Logistics and INDEX Conferences & Exhibitions have formed a strategic partnership to strengthen event operations across the UAE. INDEX has appointed Rhenus as the Exclusive Official Logistics and Freight-Forwarding Partner for all INDEX exhibitions in 2026 and 2027. The agreement supports the UAE's vision to deliver world-class events through reliable and high-quality logistics services. U
ClassNK grants AiP for CSSC Huangpu Wenchong 13,000 m³ LPG Carrier ClassNK has issued an Approval in Principle (AiP) for a 13,000 m³ LPG carrier developed by CSSC Huangpu Wenchong Shipbuilding Co., Ltd. The certificate handover took place at Marintec China 2025. ClassNK reviewed key drawings covering hull structure, stability, machinery, electrical systems, and the cargo handling system. The design met relevant international standards and guidelines, meeting the
Capesize rates charge past $40,000 a day as tonnage tightens across basins The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday to approach the $45,000 mark. Despite softness in global steel markets - ...
XOCEAN wins five-year survey deal covering six Dutch offshore wind farms Ireland-based XOCEAN has landed a series of five-year contracts to deliver low-carbon bathymetric surveys across six Dutch offshore wind farms, marking one of the largest multi-site survey frameworks awarded in the Netherlands to date. The agreements were pulled together by Eneco on behalf of the participating projects: Borssele 3&4 (Blauwwind), Borssele 5 (Two Towers), Eneco ...
Integrated Wind Solutions locks down CSOVs with fresh charter extension Integrated Wind Solutions (IWS) has strengthened its charter backlog after its offshore wind subsidiary, IWS Fleet, locked in fresh extensions for its Skywalker-class commissioning service operation vessels. The company said it has secured a 70-day fixed extension for the IWS Sunwalker, closing a gap in its schedule for early 2026. With the new deal, the ...
Wood picks up $27m Equinor contract UK engineering group Wood has landed a $27m EPCI contract from Equinor to upgrade key infrastructure tied to the Snorre field in the Norwegian North Sea. The scope covers topside modifications and control system upgrades on the Gullfaks A platform, enabling gas imports and exports between the Snorre and Gullfaks fields through a new inter-field ...
Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world's largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in recent days. Prior to the latest ...
Neu Seeschiffahrt ramps up newbuild push with VLOC series in China Germany's Neu Seeschiffahrt has stepped up its fleet renewal drive with a major order for six 342,000 dwt very large ore carriers at China Merchants Shipbuilding Industry, marking one of the owner's most aggressive newbuilding moves in nearly two decades. The Hamburg-based company - usually a low-profile player in the newbuild market - has not ...
Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer's Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from Jiangsu New Hantong Ship Heavy Industry, marking its biggest move ...
Geneva Dry Dialogues: Marcura As marketing ratchets up for next April's big annual dry bulk summit, Splash sits down with top names attending the event. As artificial intelligence gains ground across shipping, Janani Yagnamurthy believes the real breakthroughs will not come from broad, all-purpose models, but from highly tailored, shipping-specific intelligence. The vice president of product and strategic growth ...
Capes changing hands for increasing sums The S&P market is seeing strong momentum. In terms of age profile, 10-15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark-levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt NBA Rembrandt, with multiple brokers pointing ...
Artificial intelligence versus authentic relationships Carl Martin Faannessen, CEO of Noatun Maritime, is in two minds when it comes to AI and crewing. A ship has a personality, or so many would like us to believe. This is fine - humans have bestowed personalities on inanimate objects since our first trembles on two legs. What many fail to consider is ...
VLCC rate outlook for 2026: not as high as today, not as low as 2024 Analysts speaking at the Breakwave Day forum on Thursday predicted continued strength in the VLCC market next year, even after...
Bab el Mandeb transits hit highest level in nearly two years Sentiment has been building for a Red Sea return for some time now, and while the traffic is trending upwards...
Top 10 flag states 2025 Liberia retains its spot as the largest flag state by gross tonnes and increases the gap from Panama; Singapore grows...
Fleet supply and freight rates drive crude tanker values higher Limited sales activity reflects owners' reluctance to offload vessels amid a firm market
Black Sea war risk rates up 250% since start of November Underwriters 'fear worst' if Russia retaliates for drone strikes
India tussles with geopolitics as Putin goes to New Delhi to discuss trade and shipbuilding The South Asian giant will have a delicate balancing act ahead as it welcomes the Russian president in New Delhi...
South Korea promotes domestic shipping industry's global expansion The country is preparing tax incentives to encourage domestic shipping firms to order eco-friendly ships
P&I clubs only getting half of rate hike demands, broker contends More than 85% of world fleet looking to renew effectively mandatory liability cover
Disconnect widens between hull hazard and premium Seven years on from Decile 10, SiriusPoint's head of marine worries hull underwriters are repeating old mistakes - cutting rates...
The Daily View: For the greater good
Daily Briefing Shadow fleet scenarios suggest muted impact if Russian sanctions are lifted | Cansi chief calls for end to 'volume game'...
Broker association to aggregate truckload theft, fraud information for FBI The Transportation Intermediaries Association launched a hotline that its members can use to report suspected occurrences of cargo fraud and theft, regardless of the dollar value involved.
Hapag-Lloyd buyout offer for Zim unlikely to get far: report A group of Zim employees is said to object to a deal with Hapag-Lloyd due to the significant ownership stakes that the sovereign wealth funds of Saudi Arabia and Qatar have in the Hamburg-based carrier.
Hacegaba nominated to be Port of Long Beach executive director COO Noel Hacegaba's elevation to the top executive job would appear to be fait accompli after serving in senior management positions at the port for the past 15 years.
Large LTL carriers make some volume gains, but market still soft XPO and Saia reported year-over-year increases in daily shipment volume in November, while ODFL raised its yield as shipment volumes dropped.
Hornbeck and DeepOcean face wrongful death lawsuit after seafarer hallucinates, then goes overboard Offshore vessel companies deny allegations of negligence
Paschalis Diamantidis' dry fleet grows to six ships with fresh buy from Japan Athens-based Velos Dry maintains slow but steady acquisition pace through the cycles
DIS ties up product tankers on two-year deals at 'highly profitable' rates Italian owner boosts term coverage for MR1 and MR2 ships
Chinese tech developer gets approval for wind propulsion system DNV grants type approval for CSSC technology subsidiary's tiltable rotor system
Kill the spreadsheet: Bimco to trial AI in contract handling Project focused on using agentic AI tools to reduce manual workloads
Many dark fleet tankers lying idle as sector remains 'super-inefficient', says broker While the number of vessels in the dark fleet seem high, many are inactive, says Anoop Singh of Oil Brokerage
Rio Tinto sees 2025 Pilbara iron ore sales at lower end of guidance Mining giant says new iron ore supply is needed
Russian share of Indian imports falls ahead of key Putin-Modi summit Flow of Russian oil has not completely stopped, despite Washington's efforts
Hapag-Lloyd, MSC and Maersk said to be circling Zim amid takeover speculation Big boxship names linked to bids or interest in Israeli line following offer by CEO Glickman and shipowner Abraham (Rami) Ungar
'It's the cargo, stupid!' US maritime revival hopes get a dose of Louisiana candour Marine Money New Orleans hears what is needed if the US is to solve its shipping swoon
Every minute counts at sea. Will you help save lives? Probe of vital global maritime safety measures and rising risk appeals for input, writes Steve Wills
Monjasa brings crewing in-house as it signs global deals to tackle seafarer shortage Danish tanker owner moves management from agencies in the Baltics
Danish shipping union leader Ole Philipsen dies after short and sudden illness Metal Maritime and CO-Sofart chairman was deeply respected in the industry, colleagues say
DryShips sells elderly panamax bulker for 'conservative' price Economou-backed shipowner has sold a ship that has been in its fleet since the company hit Wall Street
Greek owners Minerva and Alimia stack product tanker orders at Hengli Andreas Martinos makes his debut at the Chinese yard where Thanassis Laskaridis is a trusted client
Dark fleet Red Sea presence remains as mainstream transits creep up Red Sea reopening could be a big drag on crude and product tankers
Greek owners lead the way on bulker sales as China tops buyer list Figures from Xclusiv Shipbrokers show major players consolidating roles in secondhand market
Tonic for tankers: ExxonMobil eyes Lukoil's giant oilfield in Iraq Iraqi officials claim the US major has expressed interest in West Qurna 2, where exports are currently halted
New trade pattern emerges for product tankers to avoid vessel glut in Europe Analyst explains how Atlantic basin business is being reshaped
Dorian LPG valuation verging on 'ridiculous' in healthy VLGC markets US-based owner's stock price implies 'whopping' gap between current and historic ship values, Fearnley Securities said
'Stellar Year': Fearnley Securities sees ongoing strength for capesize rates Star Bulk and Seanergy stocks highlighted as laggards
Houthis release 11 men after five-month detention ordeal Greek manager confirms crew and security guard have arrived safely in Oman
'Squeeze is on' for LNG bunker vessels with lone purpose-built ship available Shipbroker Fearnley LNG warns of Spring 2026 pinch point
Angelicoussis VLCC ships first-ever Guyana Arrowhead crude cargo to China Shipment on the Sophia shows big importer is diversifying oil sources
Davie Defense locks in Texas shipyard buy, adding to ice-breaker drive Gulf Copper acquisition builds on partnership with US, Canada and Finland to construct Arctic icebreakers
Turkey to boost security after 'very scary' Black Sea tanker attacks Foreign minister Hakan Fidan says incidents are hurting trade
Angelicoussis VLCC ships first-ever Guyana crude cargo to China Shipment on the Sophia shows big importer is diversifying oil sources
European methane regulations forcing LNG players to change how they operate Some buyers and producers are cracking on with methane reduction, while other LNG importers see Europe as dictating on decarbonisation
George Economou doubles up on boxship orders at Chinese yard Economou's TMS Group is ordering up to 10 LNG dual-fuel 11,400-teu newbuildings
Kinetics Energies buys into Amogy as it chases ammonia ambitions Companies targeting zero-emission power supply for data centres
Indian mining giant sells off two bulk carriers to Middle Eastern buyers Sale leaves Baldota Group subsidiary MSPL with two slightly younger post-panamax bulkers
'Path of least resistance for crude prices is likely down,' says Trafigura chief economist Slowing demand from China will lead to India and emerging markets absorbing the extra barrels, says Saad Rahim
US shipbuilder Senesco wins $78.6m eco-ferry contract Hybrid ferry newbuilding will be partially funded by a grant from the US department of transportation
Winning Shipping adds six vessels to giant ore carrier newbuilding tally Company now has a total of 16 Guaibamaxes on order at two Chinese shipyards
PetroChina takes bullish view on LNG shipping as it sees a tighter market starting in 2028 But others see rate volatility as a reason to hold on to their own fleet
MSC consortium scores design milestone for giant ammonia-fuelled container ship Classification society's thumbs up comes as MSC sits on contracts for 20 ultra-large container ships at Chinese yard
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
