Australia selects MHI's Mogami class for its next gen frigates The Australian Government said today that it is accelerating the delivery of a larger and more lethal surface combatant fleet with the selection of Mitsubishi Heavy Industries' upgraded Mogami class frigate as
Matson and Hanwha Philly mark an Aloha class construction milestone Hanwha Philly Shipyard and Matson Inc. (NYSE: MATX) yesterdaymarked an important milestone in the construction of the first of the three new Aloha class containerships the yard is to deliver to Matson
Summit Shipping joins Milaha on Intra-Med service Summit Shipping is set to join Milaha's Türkiye Express (MTX) service by mid-August, deploying a 1,100 TEU vessel that will allow the service to operate on a weekly basis. According to DynaLiners , the upgraded loop will be extended to include Misurata, Libya. Summit Shipping will refer to its participation in the service as the TLX (Turkey Libya Express). The updated port rotation will be: Ambar
ANL implements general rate increase for PCX Service ANL will implement a general rate increase on the PCX Service for dry cargo moving from the United States West Coast and Canada to destinations in Australia, New Zealand, the Pacific Islands, and Papua New Guinea. The GRI will be applied as follows: US$ 250 per 20' container and US$ 500 per 40' container. This adjustment applies to all equipment received and moving under an ANL bill of lading on
Japanese consortium develops ammonia SCC tools A new consortium led by ClassNK has been selected by Japan's New Energy and Industrial Technology Development Organization (NEDO) to develop evaluation tools that address stress corrosion cracking (SCC) in fuel ammonia storage and transport systems. The group includes IHI Corporation, JFE Steel, Tohoku University, and the Institute of Science Tokyo. Their proposal was approved in May, with a form
ANL announces services updates ANL has announced several service adjustments due to severe weather disruptions and operational requirements across Asia. Due to extreme port congestion in Ningbo caused by a recent tropical storm, the OOCL MIAMI 106S will change its terminal and call BLCT2 to avoid further delays to the schedule. Additionally, the ANL GIPPSLAND has been significantly impacted by a typhoon in Asia. To assist with
Vard lands new hybrid SOV order Vard has signed a fresh deal with North Star for two new hybrid Service Operation Vessels (SOVs). The contract marks the ninth and tenth vessels ordered by North Star from the Norwegian shipbuilder, part of the Fincantieri Group. The SOVs will support offshore wind operations and reflect both companies' shared push for greener, more efficient shipping. Built on the proven VARD 4 19 design, each v
CMA CGM announced new FAK rates for the Indian Subcontinent to North Europe, the Mediterranean, and North Africa CMA CGM announces updated Freight All Kinds rates, effective from August 15, 2025 based on gate-in date at the origin port, and valid until further notice. The new FAK rates from the Indian Subcontinent to North Europe and the Mediterranean will be as follows: US$ 3,500 per 20-foot container and US$ 3,200 per 40-foot container. These rates apply to dry cargo moving from Northwest India and Pakist
Freightos strengthens board with new Chairman and Director Freightos has strengthened its board of directors with two key appointments, aiming to accelerate its push for digital transformation in global freight. Udo Lange, a board member since 2019, has been named Non-Executive Chairman. Rotem Hershko, a former senior executive at Amazon and Maersk, has joined as a new board director. Both appointments took effect on July 28. Lange brings more than three
Dali owner and manager sue shipbuilder HD Hyundai Heavy Industries The owner and manager of Dali, the container ship that knocked down the Francis Scott Key Bridge in Baltimore in 2024, is suing South Korean shipbuilder HD Hyundai Heavy Industries (HHI), alleging construction defects in the vessel. On 31 July, Singapore-based vessel owner Grace Ocean Pte Ltd and ship manager Synergy Marine Pte Ltd, represented by US law firms Blank Rome and Duane Morris, filed t
Gdansk-Hamburg form a strategic partnership The Ports of Gdansk and Hamburg are demonstrating that true strength in the maritime sector comes not from competition alone, but from strategic partnership and knowledge exchange. A recent business delegation from the Port of Gdansk, led by President Dorota Pyc, visited Hamburg to further deepen the long-standing relationship between these two key European ports. Dating back to the Hanseatic Lea
COSCO Shipping to launch weekly calls into Wellington CentrePort Wellington announces that COSCO Shipping Lines will begin direct, weekly calls to Wellington as part of its ANE Service, starting mid-September 2025. The ANE Service, which currently includes Auckland, Tauranga, and major Australian ports, will now expand its New Zealand coverage with the inclusion of CentrePort Wellington. This development follows an earlier announcement from MSC in M
Feeder shipping surge in Middle East-India maritime route Amid global realignments in maritime logistics, the Middle East-India corridor is experiencing a transformative boom in feeder shipping, turning what was once a secondary component of maritime trade into a geopolitical and economic cornerstone of the region. At the heart of this transformation lies Jebel Ali Port in the UAE, which remains the region's undisputed transhipment powerhouse. Its succe
GXO extends logistics deal with Pratt & Whitney in Oklahoma GXO Logistics has renewed its contract with Pratt & Whitney, an RTX business, to continue managing warehouse operations at the company's major military engine site in Oklahoma City. The two companies have worked together since 2018. Over the past seven years, GXO has supported Pratt & Whitney's Maintenance, Repair and Overhaul (MRO) team with logistics solutions aimed at improving efficiency. GXO
Port of Auckland receives provisional fast-track approval for developments The Port of Auckland announced that it has received provisional approval under the Fast Track Consent Process for the development of the Bledisloe North Wharf and Fergusson North Wharf a major milestone in delivering critical infrastructure to support Auckland's long-term growth. The approval marks a significant step forward in enabling the port to build once-in-a-generation infrastructure that w
Shipping sanctions create cascading disruptions as charter market tightens Fleet disruptions from sanctioned vessels compound existing capacity constraints, driving up costs across global supply chains. The recent forced fleet reshuffle at Singapore-based container carrier SeaLead, which terminated charters of 16 vessels following fresh US sanctions, highlights a growing challenge facing the global shipping industry on how sanctions on individual vessels could create ri
Mitsubishi Chemical UK leases major facility at port of Hull Associated British Ports has successfully leased a significant industrial unit at King George Dock, Hull, to Mitsubishi Chemical UK Limited, a subsidiary of the global Mitsubishi Chemical Group, one of the world's leading chemical producers. The new lease comprises 158,000 sq ft of storage space alongside a 53,000 sq ft canopy, located in a prime logistics position overlooking the Humber Estuary,
The new special commissioner of the Southern Tyrrhenian and Ionian Sea Port Authority takes office In port of Gioia Tauro, Paolo Piacenza officially assumed his role as the new Extraordinary Commissioner of the Port System Authority of the Southern Tyrrhenian and Ionian Seas. On his first day in office, he welcomed Adolfo Urso, Italy's Minister of Enterprise and Made in Italy, and Roberto Occhiuto, President of the Calabria Region, during an official visit focused on exploring the port's logis
Anemoi wins funding for Rotor Sail upgrade Anemoi Marine Technologies has won £1.2 million in government funding to develop its next-generation Rotor Sail system. The UK-based company will use the support, awarded through the Clean Maritime Demonstration Competition (CMDC), to design and test a new folding Rotor Sail tailored to Kamsarmax and Panamax bulk carriers. This new 3.5-metre folding system will be the first of its kind, making th
NRF issues Statement According to Japan International Freight Forwarders Association (JIFFA), the National Retail Federation today issued a statement from its executive vice-president of government relations, David French, following U.S. President Donald Trump's announcement of new tariffs on countries around the world. "We encourage the administration to negotiate binding trade agreements that truly open markets by
Gebrüder Weiss expands into the Philippines Gebrüder Weiss has opened a new office in Manila, marking its entry into the Philippine market. The move strengthens the company's presence in Asia and follows a recent expansion into Thailand. The logistics firm says the Philippines' growing role in global trade made the decision a strategic one. The country ranks as the tenth largest economy in Asia. It maintains strong trade ties with the U.S.
How Artificial Intelligence Can Transform Sea Freight Photo by Bent Van Aeken on Unsplash Artificial intelligence (AI) has already transformed a range of industries by assisting with learning and problem-solving. Now, it's becoming an invaluable addition to international shipping to help companies save time and money, and help consumers receive their goods promptly. As challenging as it can be to adopt new tech in any industry, shipping companies ar
Chapman Freeborn appoints new VP of Passenger Chapman Freeborn has named Vilma Vaitiekunaite as Vice President of Passenger for the Kingdom of Saudi Arabia. The move supports the company's continued growth in the region. Vilma brings over 20 years of aviation experience. Her background spans commercial aviation, sales, marketing, and corporate communications. She most recently served as CEO of Skyllence, a boutique air charter brokerage unde
Elbdeich steps up fleet growth with newbuild brace German shipowner Elbdeich Reederei has placed an order for two 5,100 teu widebeam containerships at a shipyard in the Far East, with delivery scheduled for 2027. The vessels will comply with IMO Tier III standards and be fitted with a range of fuel-saving devices, the company said without disclosing the builder or pricing details. The ...
North Star orders SOV pair at Vard UK-based offshore vessel operator North Star has returned to Norwegian shipbuilder Vard with an order for two new service operation vessels (SOVs) to support offshore wind operations across the UK and Europe. The newbuilds are based on the Vard 4 19 design, developed specifically for offshore wind support. Each vessel will be 87.5 m long ...
Gujarat court arrests shadow aframax bound for the breakers A shadow aframax tanker sold for scrap earlier this year has been arrested in India following a failed transaction and claims by the buyer that the vessel was sanctioned and misrepresented at the time of sale. The Gujarat High Court has ordered the arrest of the 2004-built Conico Atlas - the Comoros-flagged vessel, long associated ...
Taihan scores cabling work on South Korea's largest offshore wind farm South Korean cabling firm Taihan has won a KRW 181.6bn ($130.6m) cabling contract for the Anma offshore wind project. The company said that the turnkey contract will be for supplying and installing over 100km of inter-array submarine cables for Korea's largest offshore wind development, Anma offshore wind. The contract will run until the end of ...
US Customs gears up to enforce new port fees on China-linked vessels US Customs & Border Protection (CBP) has been designated to collect a new fee regime targeting China-linked vessels, as authorised by a US Trade Representative ruling. The rules are structured for rollout starting October 14, 2025, and will apply to both Chinese-owned/operators and Chinese-built ships, with non-payment potentially blocking cargo operations and port clearance via imminent ...
Oversupply forecast to haunt liner markets into 2029 Container shipping is faced with a supply/demand imbalance through to the end of the decade, according to new analysis from Asian consultancy Linerlytica. A slowing global economy alongside record amounts of newbuild tonnage pouring out of Asian shipyards is anticipated to put the brakes on earnings with the 2020s, to date, having been the most ...
Norden locks in seven vessels with lease-to-own deals Denmark's Norden has added seven vessels under new lease deals with purchase options, reinforcing its focus on asset flexibility while modernising its fleet in the project cargo and dry bulk segments. The latest deals include six multipurpose (MPP) vessels - four newbuilds for delivery in 2027 and 2028 and two secondhand vessels already operating in ...
Seven Islands Shipping adds MR tanker from International Seaways Mumbai-based Seven Islands Shipping has snapped up the 50,000 dwt MR tanker Seaways Mia (built 2008), recently renamed Mayfair. The acquisition marks the first MR move this year by the Indian outfit. The deal is part of a series of sales by New York-listed International Seaways, which has now offloaded four MR tankers since the end ...
US withdraws all designated offshore wind energy areas The US Bureau of Ocean Energy Management (BOEM) has rescinded over 3.5 million acres (over 14,000 sq km) of unleased federal waters previously set for offshore wind development. The removes all 11 previously designated wind energy areas across the Gulf of Mexico, the Gulf of Maine, the New York Bight, California, Oregon, North Carolina, California's ...
Shadow tanker fleet still growing by 30 ships a month despite increased sanctions Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see BRS methodology for assessing what constitutes a grey tanker at end of article) - comprising oil tankers over 3,000 dwt - ...
Petrobras hires liftboat pair from OOS International Brazilian state-owned oil and gas giant Petrobras has hired two accommodation liftboats from Dutch-based OOS International to support decommissioning operations. The deal, worth R$1.2bn ($218m), was won following a bidding process. OOS International won the contract for the 2020-built Jin Hua 01 and Jin Hua 02 vessels together with its partner Camorim Serviços Marítimos. The ...
ADES to acquire Shelf Drilling in $380m deal Saudi oil and gas driller ADES has made a NOK 3.9bn ($380m) offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling. The two parties signed an agreement for a recommended offer, under which ADES will acquire the Shelf through a cash merger. It will be financed through ADES's available credit facility. At ...
Vingroup plots $14bn Haiphong port complex Vietnam's largest conglomerate, Vingroup, led by billionaire Pham Nhat Vuong, has released plans to invest VDN374trn ($14bn) in a massive port and logistics hub in Haiphong, about 100 km east of Hanoi. Announced Monday, the project will be developed in three phases through 2040, aiming to cement Vingroup's role in national infrastructure while supporting its ...
Tsakos confirms Hanwha VLCC order Greek owner Tsakos Energy Navigation (TEN) has confirmed a newbuilding deal for two VLCCs at Hanwha Ocean in South Korea, as part of a wider fleet renewal strategy. The New York-listed company is paying around $128m per 320,000 dwt vessel, with deliveries scheduled for 2027 and 2028 and an option secured for a third unit. ...
India's Sanmar Group joins the VLCC club India's Sanmar Group has officially marked its entry into the global crude oil transportation sector with the acquisition of a VLCC, the Sanmar Herald. The move sees the privately held conglomerate broadening its maritime portfolio as it crosses the 1m dwt threshold for its fleet. The 2007-built Daewoo Shipbuilding unit-formerly sailing as the Maran Canopus ...
Port of Mobile sues developer over trademark infringement and cybersquatting The Alabama State Port Authority (ASPA), operator of the Port of Mobile, has filed a federal lawsuit against Texas-based Gulf Corp and its affiliate Gulf Port Alabama, accusing them of trademark infringement, copyright violation, and cybersquatting in connection with their marketing of the planned Port Alabama Industrial Center. The $1bn, 12m sq ft industrial park ...
Shipping and the era of integrated configurable solutions Wolfgang Lehmacher and Hans Galland on the latest in logistics AI. AI in supply chains, logistics, and transport was a bit like a hammer desperately searching for nails, powerful in theory but struggling to find the right fit in the real world. That story is changing. We have entered an era where AI is not ...
Baltic shadow fleet stand off continues as Russia warns of tanker 'raids' Despite Western government pledges to crack down on stateless or fraudulently flagged shadow fleet tankers, the number of transits through...
What if everyone has their own shipping emissions tax? The shipping industry is firmly against a world in which every country charges for its emissions. But that could be...
GSL sells vintage midsize boxship for $35.6m Strong price for Dimitris Y underscores how much even older boxships are currently sought-after
Yemen's oil company refutes UN account of FSO Safer debacle Conflicting accounts between the UNDP and Yemen's national oil company have emerged after a Lloyd's List investigation revealed that a tanker...
Danaos holds back from 'speculative' newbuild ordering Greece-based boxship owner deems wave of feeder investments 'disconnected from fundamentals'
Bulker caught in Colombian coal dispute Colombian President Gustavo Petro said the navy will receive a 'written order to stop ships bound for Israel'
Suez Canal Authority extends discount scheme for large containerships as transits flatline The Suez Canal Authority has extended a scheme, first introduced in May, to encourage more large containerships to utilise the...
The six billion dollar men: P&I club free reserves hit record high Broker Gallagher predicts further rate hikes at next renewal, but hard rating cycle on the way out
TEN nets $60m from sales as it orders up to three VLCCs at Hanwa Ocean A 2009-built aframax has been sold to a third-party buyer while the private side of the Tsakos Group has acquired...
China's appetite for Russian crude is growing Opening up of the northern sea route, political pressure on India's refiners and a renewed shift in compliance caution is...
Container shipping faces overcapacity crisis as US tariffs and fleet growth converge The container shipping market faces growing overcapacity risks as fleet growth is expected to persistently outpace slowing demand
Amphitrite goes independent with share buyback The marine hull MGA has bought back the minority shareholding held by early investor Arch
Elbdeich Reederei orders widebeam boxships from Chinese shipyard Elbdeich Reederei becomes latest shipowner to contract smaller containerships following a boom in orders since the second quarter
UK Club launches fixed premium cover for smaller craft Many IG affiliates now targeting shortsea and tugs niche
HMM's bid to acquire SK Shipping assets collapses over price disagreements Failure to acquire SK Shipping's bulk carriers and related business units will impact HMM's mid- to long-term investment plans to...
The Daily View: Next phase of tariff fallout begins
US Customs to enforce port fees on Chinese ships as Washington gears up for October rollout US Customs and Border Protection will enforce and collect the fee, and vessels failing to pay may be barred from...
Daily Briefing Fake flag credentials continue to provide cover to sanctioned fleet | Tanker markets eagerly eye potential changes in India and...
US trucking employment rising steadily despite soft freight market A steady increase in non-seasonally adjusted trucking employment shows there's more life in trucking than one might expect following lackluster carrier earnings reports.
Industry veteran tapped as new CEO of Harbor Trucking Association Robert Loya takes the helm of HTA as the drayage industry struggles with stagnant pricing power, increased operating costs and strong competition from new entrants, including AI-enabled platforms.
DHL posts solid half-year profit despite Q2 drag on express, ocean volumes The German integrator was able to offset tariff-driven volatility in the second quarter through cost-cutting measures, but is facing "more of the same" in Q3, according to its CFO.
Extended tax credits for chip manufacturers to boost heavy-lift cargo demand While some larger projects that are planned are facing delays due to challenging market conditions, new facilities will benefit from renewed fiscal support from Washington.
Veson Nautical aims for layer of AI across its platform Firm's hiatus in acquisitions is not due to a lack of interest in new data sources
Elbdeich Reederei splashes out on container ship newbuilding order in China German shipowner orders midsize boxships and bags a pair of secondhand vessels
Global Ship Lease sells another container vessel and locks in forward cover Charters secured for the whole of 2025 and most of 2026
Tidewater adds $400m to share value after earnings surprise Shares jump by 16.5% in morning trading after $500m share buyback programme adds to sentiment
Trump threats might not be enough to wean India off Russian oil Taking 2m bpd of crude out of the market would create huge shockwaves
Major casualties hit growth ambitions of hull insurers Shipowners can secure reductions on hull and machinery premiums. But cut-price deals likely to be ending
Global Ship Lease sells another boxship and locks in forward cover Charters secured for the whole of 2025 and most of 2026
Emissions collection barges given green light to work on tankers in California Stax Engineering offers emissions collection service to vessels not able to use shore power
First Ship Lease earnings buoyed by tanker sale Singapore shipowner looks set to focus on its existing fleet of product tankers for now
Tsakos confirms VLCC newbuilding duo as it adds to haul of 21 under-construction vessels Shipowner details sales of three older first-generation vessels
Brace for 'big impact' from next wave of sanctions, says d'Amico boss Ever tougher measures will begin to bite, to the benefit of product tanker market
Clock ticks down to midnight for shippers as US tariff deadline nears Shippers and carriers face more uncertainty despite attempt to clarify policy
Gibson Singapore beefs up with fresh wave of hires and new MD Owen Bolton to lead growing team of 48 as brokerage moves to strengthen Asian business
Panama deregisters 17 ships sanctioned by US Treasury targets Panamanian national, his company and flagged vessels
GasLog wraps up sale of LNG steamship to Excelerate Energy Deal sets benchmark price for older secondhand vessels but steamers create write-downs for owner
Norden adds to multipurpose fleet with new vessel leases Danish owner-operator has signed 18 new lease agreements this year
Sanctions policy driving dark fleet growth, says BRS Broker again warns moves to curb Russian oil trading could be boosting illicit fleet
GasLog wraps up sale of LNG steam ship to Excelerate Energy Deal sets new benchmark price for older secondhand vessels but steamers create write downs for owner
US tariff threat 'unjustified and unreasonable', says India as Russia deadline looms Government says it was encouraged by US to buy Russian oil to prevent spike in global prices
Trump tariffs weigh on NYK 2025 forecast Energy shipping was the only bright spot during first quarter
Controversial tanker arrested as buyer claims shipowner lied about its sanctions status Arrest highlights need for enhanced due diligence when dealing with older ships and their opaque owners
Polsteam orders up to six handymax bulk carriers at Wuhu Shipyard State-owned company now has nine bulker newbuildings on order in China
Hanwha Shipping reveals role as lynchpin in South Korea-US gas and tanker fleet revival President and CEO Ryan Lynch says the company's focus is trained on LNG carriers, but VLCCs could also move stateside
Danaos records earnings miss on slightly lower adjusted revenue John Coustas trumpets ordering discipline against backdrop of neutral-to-positive developments on tariffs and geopolitical conflicts
New US de minimis policy could trim DHL profit by 3% DHL said the U.S. crackdown on tariff-free trade for cheap overseas packages is impacting volumes and its bottom line.
PrimeFlight Aviation buys StratAir cargo handling business Saltchuk Aviation, which is downsizing its air cargo operation, sold StratAir's cargo handling business to acquisitive airport services provider PrimeFlight Aviation.
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