CMA CGM to invest $20 billion in U.S. maritime Major international shipping player CMA CGM Group says that to contribute to U.S. maritime sovereignty and support the transformation of America's domestic supply chain over the next four years it will invest
AAM delivers cutting edge Cal Poly Humboldt research vessel North Wind After a 550 mile delivery from All American Marine's Bellingham Bay, Wash., shipyard, the 78 x 26.7 foot research vessel R/V North Wind has arrived in Humboldt Bay where it will serve
Flagship Cruises gets $15.2M grant to build two all-electric ferries San Diego-based Flagship Cruises & Events reports that it has been awarded a $15.27 million grant from the California Air Resources Board (CARB) to develop two fully electric zero emission ferries to
ONE sponsors scholarships and internships to nurture maritime talent Ocean Network Express (ONE) and the Singapore Maritime Foundation (SMF) have entered into a Memorandum of Understanding (MoU) aimed at developing a talent pool for the maritime sector. ONE will fund a minimum of two MaritimeONE scholarships and two MaritimeONE internships annually, strengthening its partnership with SMF. The management and promotion of these scholarships and internships will be h
Global bunker indices continue downward trend At the end of the 10th week of the year, the Marine Bunker Exchange (MABUX) indices continued their downward trend. The 380 HSFO index dropped by US$12.33 to US$500.92/MT, the VLSFO index declined by US$16.57 to US$585.85/MT and the MGO index decreased by US$17.28 to US$774.24/MT. "At the time of writing, the moderate decline in the global bunker market was ongoing," stated a MABUX official. The
Further rerouting scenarios unfold due to the Red Sea crisis Recent sanctions imposed by the US Treasury's Office of Foreign Assets Control (OFAC) have disclosed active coordination between Houthi leaders and officials from Russia and China
Crypto Enthusiasts' Guide: 7 Best Cloud Mining Platforms to Earn $800/Day in 2025 Cloud mining continues to serve as an accessible entry point for crypto enthusiasts looking to mine Bitcoin, Ethereum, and other cryptocurrencies without the burden of expensive hardware. In 2025, the proliferation of platforms has intensified competition, making it essential to identify reliable services that avoid scams, excessive fees, and disappointing returns. This guide highlights the top s
Milence opens first public charging hub in UK Milence, the joint venture between Daimler Truck, TRATON GROUP, and Volvo Group, has inaugurated its first public charging hub in the UK, located in Immingham. This milestone represents a significant step towards decarbonizing heavy-duty transport. Strategically positioned along the A180 with direct access to the M180, M18, and M1 motorways, the Immingham hub plays a key role in supporting transp
Royal HaskoningDHV buys Scottish maritime engineer company Netherlands-based engineering consultant company Royal HaskoningDHV has acquired Scottish maritime engineer firm Arch Henderson aiming to strengthen its presence in Scotland and globally. By bringing Arch Henderson onboard, Royal HaskoningDHV is expected to significantly strengthen its UK network. Arch Henderson Principal Partner Alan Kilbride said: "We will be able to offer a wider range of serv
Hong Kong vs. Singapore - Which Port is the True Maritime Hub of Asia? Hong Kong and Singapore are among the world's most important ports, both serving as vital gateways for international trade. Their strategic locations have made them essential links in the global supply chain, ensuring the smooth movement of goods across Asia, Europe, and North America. These ports do more than handle cargo-they influence shipping costs, supply chain efficiency, and economic growt
NorthStandard appoints new Head of Sustainability British insurance company NorthStandard has appointed Kate Kwiatkowska as the new Head of Sustainability in a key role aimed at advancing the marine insurer's long-term strategy. Kwiatkowska joins NorthStandard from Fintel, where she held the position of Head of ESG and Corporate Marketing. In her new role, she will be responsible for engaging with NorthStandard's members, brokers, employees, and
Container shipping facing uncompromising economic reality Shifts in services on key trade lanes are heralding the first frost of an economic winter that promises to be severe and could be aggravated by the windchill factor blowing in from the States
ICTSI boosts annual revenues and earnings Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for 2024, posting revenue from port operations of US$2.74 billion, an increase of 15% from the same period in 2023. Additionally, ICTSI increased its Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) by 18% to US$1.78 billion and its net i
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Africa: Key Shipping Hub of the Coming Years? Examining the Africa region as a key shipping hub, Danish maritime data analysis firm Sea-Intelligence has studied the vessel deployments by major liner operators, particularly the world's largest, MSC, on services covering the region. This past week, MSC announced the deployment of 23,000+ TEU vessels on its Asia-West Africa service, "Africa Express." Currently, the largest vessel on this servic
CMA CGM poised to overtake Maersk as second-largest liner operator French shipping company CMA CGM is set to become the second-largest ocean carrier in the world. The Marseille-based shipping line is poised to surpass Maersk, as CMA CGM's total TEU capacity, including its existing fleet and orderbook, now exceeds that of its Danish rival. According to Alphaliner, the gap between the two companies is currently around 660,000 TEUs. However, Rodolphe Saadé's aggres
US concerns over Hutchison's Panama Canal operations led to blockbuster deal? A consortium of BlackRock and MSC's port operating arm Terminal Investment Limited (TIL) has agreed to purchase the international port assets from CK Hutchison Holdings Limited in a deal valued at US$22.8 billion. This agreement includes key port terminals which have been central to ongoing geopolitical discussions, such as the operations of CK Hutchison's subsidiary Hutchison Ports in the Panama
GEODIS appoints new Group General Counsel Global transport and logistics provider GEODIS has appointed Jean-Benoît Devauges as Group General Counsel. In his new role, Devauges will serve on the Group's Management Board, chaired by Chief Executive Officer GEODIS Marie-Christine Lombard. Additionally, he will join the company's Executive Board alongside CEO Marie-Christine Lombard and CFO David-Olivier Tarac. Jean-Benoît Devauges began his
LR teams up with Microsoft on generative AI to advance nuclear technology in maritime Lloyd's Register (LR) is set to become one of the first maritime organizations to leverage generative Artificial Intelligence (AI) for permitting capabilities, utilizing Microsoft Azure OpenAI Service to bridge the gap between terrestrial and maritime applications. These AI-driven capabilities aim to streamline the regulatory process for nuclear technology, supporting LR in advancing nuclear depl
Hapag-Lloyd hits 1 Million TEU mark in charter fleet capacity German ocean carrier Hapag-Lloyd has achieved a significant milestone in its fleet expansion by adding the 2023-built, 2,433 TEU vessel Little Concert to its charter fleet. This move propelled the Hamburg-based company's charter fleet capacity beyond the 1 million TEU threshold for the first time in its history. The newly chartered boxhsip has been chartered from Greek shipowning firm Minerva and
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European Commission carries out inspection at Thessaloniki Port A delegation from the European Commission's Directorate-General for Mobility and Transport (DG MOVE) inspected Thessaloniki Port Authority (ThPA) from 18 February to 21 February 2025 to assess the implementation of security measures and procedures at the second-largest Greek port in compliance with the International Ship and Port Facility Security Code (ISPS Code). The nine-member delegation, com
Veson and Cargill expand partnership to drive maritime digital transformation Veson Nautical (Veson), a global firm in maritime data and freight management solutions, has expanded its long-standing partnership with American multinational food corporation Cargill to drive digital transformation in the maritime sector. Through a Strategic Technology Agreement, Cargill's Ocean Transportation business gains broader access to Veson's suite of solutions, including its advanced d
The curse of criminalisation The case of the Phoenician M and the 30 year sentences passed down to crewmembers has incensed Steven Jones, the founder of the Seafarers Happiness Index. Shipping just does not have the right system to deal with the criminalisation of seafarers, and this needs to change, he writes in an exclusive for Splash. You might ...
Female seafarers helpline launches International maritime charity Sailors' Society has set up a dedicated helpline for female seafarers. Launching on International Women's Day (March 8) the 24/7 helpline will allow female cadets and seafarers to speak in confidence to a female member Sailors' Society team. The service is intended to provide emotional support, crisis assistance, and peer-to-peer connections. IMO ...
Torm ships out three oldest tankers Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet. The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR tankers the 46,200 dwt Torm Ragnhild, 50,000 dwt Torm Resilience and 47,000 dwt Torm Thames, with deliveries to new owners expected during the ...
Royal HaskoningDHV expands with Arch Henderson buy Engineering consultant firm Royal HaskoningDHV has acquired Scotland-based maritime engineer company Arch Henderson. By bringing Arch Henderson on board, Royal HaskoningDHV significantly strengthens its UK business to over 800-strong. The companies did not disclose financial information about the buy. Arch Henderson will retain its brand name in the short-term as part of Royal HaskoningDHV and ...
Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake. The Copenhagen-headquartered outfit, which manages a fleet of between 90 and 110 geared handysize and ultramax vessels, is taking over the Burlington-based company for an undisclosed sum. The deal adds valuable competencies and strong client relations ...
CMA CGM overtakes Maersk in the liner rankings CMA CGM, the year's most aggressive acquirer of ships to date, has made history. As of this week, Marseille-headquartered CMA CGM has surpassed rival Maersk to the second spot on the liner rankings when including its huge orderbook. The latest data from Alphaliner shows CMA CGM's fleet - including ships on order - stands at ...
NYK signs for deck carrier newbuild at DSIC NYK Bulk & Projects Carriers is expanding its fleet of specialised cargo carriers through a newbuilding deal in China. The subsidiary of Japanese shipping line Nippon Yusen Kaisha (NYK) has commissioned Dalian Shipbuilding Industry Co (DSIC) to build a new 33,000 dwt deck carrier. DSIC said the contract is its first shipbuilding cooperation with NYK. ...
Capital Offshore scores long-term PSV fixture with TenneT Greek OSV owner Capital Offshore has landed a multi-year platform supply vessel contract with Dutch-German transmission system operator TenneT. The Evangelos Marinakis-backed outfit will see the 2007-built Ace Supplier employed in the German offshore wind sector for five years starting in April. The contract comes with three further one-year options available. The large PSV previously ...
UK invests $71m in Scottish port to push floating wind development The UK government has revealed that it would be investing $71m to create a major floating wind hub in the Port of Cromarty Firth in Scotland. Offshore wind projects have been deemed crucial to delivering the UK's mission for clean power by 2030 and to become a clean energy superpower. The country is already home ...
Stunning Hutchison ports sale will usher in prolonged period of liner network changes The announcement this week that CK Hutchison is selling its 80% stake in Hutchison Ports Holding to a Blackrock-TiL consortium is set to "rocket" Mediterranean Shipping Co (MSC) to the top of Drewry's Global Terminal Operator (GTO) league table, the UK shipping consultancy has said in an update. MSC's stunning $22.8bn deal with BlackRock to ...
Norway's Nyhill exits shipowning Bergen-based Champion Tankers, a chemical tanker specialist with eight medium-range tankers, has sealed a deal with another local tanker operator, Nyhill Shipping, acquiring the company's last two vessels. Sales records indicate that the 14-year-old, 50,000-dwt tankers, NH Siri and NH Erle, were sold for $44m. Both vessels were built at Hyundai Mipo. This transaction marks ...
Ship stuck in England waits for April spring tide to move After three attempts to refloat it, authorities in Britain have said a small general cargo ship will likely remain aground on a riverbed in northern England through to next month and a change in tide conditions. The Dutch-flagged, 1,842 dwt H&S Wisdom ran aground on Sunday on the Humber estuary in northern England, while en ...
Saipem teams with Divento on two floating wind projects Italian offshore engineering and construction giant Saipem has teamed up with Divento, a partnership between Copenhagen Infrastructure Partners and GreenIT, to apply its Star 1 floating wind technology on two projects offshore Italy. Saipem was selected after a competitive technical-economic feasibility procedure. Its Star 1 tech is developed for the construction of semi-submersible floating wind
Noble jackup gets work off Suriname Offshore drilling giant Noble Corporation has won a new contract for one of its jackup rigs. The company won a deal for the 2013-built Noble Regina Allen with an undisclosed operator offshore Suriname. The contract is for one well, will span approximately 65 days, and is expected to begin in the fourth quarter of 2025. ...
European shipowner body rebrands On the occasion of its 60 years, the European Community Shipowners' Associations (ECSA) has rebranded as ECSA European Shipowners. The organisation represents 22 European shipowners' national associations, accounting for around 35% of the global fleet. The new name is meant to reflect the organisation's commitment to raising awareness of European shipping's key role to our ...
Hecla Emissions Management's pitch to take the pain out of FuelEU pooling Affinity Shipping's carbon advisory spinoff with Wilhelmsen Ship Management has built an exchange for FuelEU compliance tokens, spotting a gap...
GSL bets on smaller and mid-sized boxships in event of tariff war Prior Trump-provoked tariffs in 2019 increased volumes for certain classes of ship, but events remain difficult to predict
London Club makes up tonnage lost in past five years 'The mutual world bemuses everyone, a bit like a bumblebee. No one can really work out why it flies,' says...
Agility required in unpredictable times, says Torm's Meldgaard Torm's Jacob Meldgaard says that shipowners are having to deal with rapid change, while geopolitics is becoming increasingly unpredictable
Lancashire Holdings profits steady despite Baltimore bridge exposure Result 'outstanding' given claims climate, argues chief executive
South Korea courts US shipbuilding partnership amid push to crack down on Chinese tonnage Seoul dangled preferential delivery of naval, tanker and icebreaker orders to align with the Trump administration's emerging shipbuilding policy
Lauritzen Bulkers acquires Canadian breakbulk operator Copenhagen-headquartered company said the acquisition adds strong client relations to its chartering and freight offerings
Canadian crude exports skyrocket thanks to pipeline Tanker exports from the country increased 59% in 2025 so far, according to BIMCO, with the majority headed for the...
Red Sea returns not enough to move dial on traffic volumes Approximately 160 ships have started or resumed Red Sea voyages
The Daily View: Political plans Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Port fees on Chinese ships could put some US exporters 'out of business' There is still widespread scepticism that the US will impose massive port fees on China-built vessels, on the premise that...
STS transfer specialist urges 'global' approach to safety 'High-risk' STS service providers linked to 62% of incidents during transfer operations in 2024, not counting 'dark fleet' business
Daily Briefing Why Trump 2.0 tariffs could be worse for container lines than round one | CK Hutchison's blockbuster port sale -...
CMA CGM says will invest $20 billion in US shipping, ports and logistics The carrier's investment, announced while its chief executive met at the White House with President Donald Trump, comes amid heightened political sensitivities in the US as far as the container shipping industry is concerned.
TPM25: Carriers, shippers face year of turmoil and uncertainty Analyst Lars Jensen's closing message to conference participants planning their supply chains for the coming year is to move slowly and carefully because it will take months before clarity emerges.
DHL Global Forwarding buoyed by good Q4, but acknowledges weak spots DHL group CEO Tobias Meyer recognized that the division's performance remained lackluster, with the "volatile" gross profit/EBIT conversion rate below DHL's 35% target.
Maersk, APL swap slots on India/Asia-US trades under US-flag networks Major carriers on the India-US East Coast trade are reporting success on their March rate recovery efforts, thanks in large part to recent sailing cuts, prompting some of them to announce even higher increases for next month.
TPM25: 'Chaos' erupts as US tariffs disrupt cross-border trucking with Mexico, Canada Spot rates soared as the deadline for US tariffs approached this week, and now many shipments are stranded in transit, according to logistics providers.
CMA CGM promises US investment as Trump gears up to announce 'largest ships in the world' Chief executive Saade says 'you can count on us to do as much as we can' to lift US-flag fleet.
LNG-fuel retrofit market may emerge as gap-filler to greener options, Lloyd's Register says Report update says shipowners need visibility on fuel availability and regulatory requirements to assess how to adapt fleets
ECSA rebrands as European Shipowners to reflect energy transition role 'We need all hands on deck to achieve real change,' says association's president
Dynagas LNG Partners offers no vessel availability until 2028 Two of company's six ships are now debt-free
Performance Shipping inks financing deal for tanker newbuilding Owner set to make $6,000 per day profit once ships start trading
Offer price rises as tycoon Oystein Spray Spetalen keeps buying shipping investor Standard ETC Oslo-listed company's major shareholder splashing cash as general manager's husband offloads stock
Window for Red Sea return may have shut, Torm's Jacob Meldgaard says But CEO sees little to fear for his sector when tankers do eventually cut down on tonne-miles again
Venture Global fires up final investment decision process for third US LNG project Newly-listed liquefaction developer also starts permitting on an expansion phase for existing plant
'Rule book torn up': Torm trumpets agility in rapidly changing world CEO believes company has the platform to cope with global trade upheavals in
US could interdict Iranian tankers in new 'maximum pressure' tactics Washington looks to disrupt supply chain under weapons of mass destruction agreement
SEA-LNG broadens board expertise with fresh faces from supply and shipowner sectors Four new names and two former members are on board
Italian ship manager Sirius acquires marine technology company as it looks to grow 120-strong fleet D'Amico-controlled crew manager is pushing through consolidation
Torm tanker sales continue as three oldest MRs offloaded Danish owner keeps trimming ships of around 20 years of age
Andreas Martinos-led Minerva Marine acquires sixth container ship after bulker sale Major Greek owner estimated to have spent $187m on feeder boxships since 2023
John Fredriksen mulls new investment opportunities as Golden Ocean shareholder criticism mounts Shipping magnate content that CMB.Tech recognises value of bulker operation, but tankers 'always closest' to his heart
Bulker newbuilding activity crashes as owners adopt more cautious stance January drop in new contracts expected to continue despite price declines, brokers say
US Department of Energy grants export extension to Golden Pass LNG project Energy secretary to tour Venture Global LNG's second plant
Lauritzen Bulkers swoops for breakbulk operator Alexander & Blake Danish operator says takeover boosts its chartering and freight services
KNOT Offshore tanker first to lift crude cargo from new Norwegian oil field Bodil Knutsen will be first of many to load Johan Castberg oil
London insurer of Baltimore bridge ship shakes off disaster impact with strong profit Losses from destruction of bridge reflect limited impact of marine claims for large insurers
Torm profit plunge as crude tankers eat into market share Danish product tanker owner said expected rate rises failed to materialise in fourth quarter
Golden Ocean stock dives 16% amid questions over direction, dividend and debt levels after Fredriksen exit ABG Sundal Collier says share price reaction 'seems excessive'
NYK Bulk orders up to four newbuildings in first deal with Chinese shipyard Japanese giant places contract with Dalian Shipbuilding
Grounded cargo ship could be stuck on mud flats for a month Tidal conditions may not be suitable for refloating attempt until April
Fearnley Securities' shipping project finance portfolio hits $1.1bn in 'active' year Norwegian firm's book comprises 39 projects with 44 vessels
John T Essberger orders two stainless steel chemical tankers in China Latest newbuildings are options held at Nantong Rainbow
MOL's Sakura Kuma breaks Japanese shipping tradition Dynamic shipping executive has notched up several first moves in Japan
CMA CGM to invest $20B in US shipping, supply chain capabilities The French shipping and logistics conglomerate CMA CGM said it is investing $20 billion in its U.S.-based shipping, port and supply chain capabilities, using pro-American language that might appeal to President Trump.
As tariff window closes, trans-Pacific ocean container rates tumble Months of frontloading by importers has further weakened trans-Pacific container rates amid a seasonal lull.
Turkey's ULS Cargo Airlines to receive first A330 freighter in March Air Transport Services Group had lackluster results in 2024 but hopes that leasing Airbus A330 freighters for the first time this year will improve the bottom line.
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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