Maldives operator orders 12 Candela foiling ferries In another success for Sweden's Candela Technology AB, Maldives operator Ego Shuttle has ordered twelve Candela P-12 foiling, electric flying ferries. In 2026, the fleet of revolutionary electric vessels will help the
ICE swoops on 25 at Louisiana shipyard U.S. Immigration and Customs Enforcement reports that, on October 30, ICE Homeland Security Investigations New Orleans, with support from Enforcement and Removal Operations New Orleans, conducted an intelligence driven operation targeting immigration
MLIT to test CONPAS at Yokohama's Honmoku Pier The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) will trial the Container Fast Pass (CONPAS) system at the Port of Yokohama's Honmoku Pier from November 13 to 27, according to Japan International Freight Forwarders Association (JIFFA). CONPAS, developed by MLIT, aims to reduce congestion at container terminal gates and shorten container handling times, boosting the competitivene
Damen launches CF 5000 ICE, new Ice-Class cargo vessel Damen Shipyards Group unveiled the latest addition to its cargo vessel portfolio at Europort 2025 in Rotterdam. The Combi Freighter (CF) 5000 ICE is the first in a new series of ice-class cargo vessels. Damen's approach is scalable, allowing future vessels to build on this platform. Efficient in Open Water, Strong in Ice Remko Bouma, Commercial Director of Damen Cargo Vessels, explained the desig
Freightos Weekly Update: China-US agreement unlikely to spur freight surge Last week's Trump-Xi meeting in South Korea resulted in an interim US-China trade agreement that marks a significant deescalation from the tensions of the last few weeks. The deal will have the US reduce fentanyl-related tariffs on China by ten percentage points and extend the tariff truce for one year, putting the overall baseline tariff on all exports from China at 20% and back to levels last s
Stena Line acquires Wasaline Stena Line has announced the acquisition of NLC Ferry Ab Oy/Wasaline, taking over operations of the ferry route between Vaasa (Finland) and Umeå (Sweden) - a key link across the Gulf of Bothnia. "It is with great joy and enthusiasm that we at Stena Line take on the responsibility for Wasaline and the route between two important regions and cities, Umeå and Vaasa," said Niclas Mårtensson, CEO of S
Wärtsilä signs nine-year Lifecycle Agreement with Hankyu Ferry Technology group Wärtsilä has signed a nine-year Lifecycle Agreement with Japanese ferry operator Hankyu Ferry. The agreement covers Hankyu's two newest vessels, the Yamato and Settsu , ensuring uninterrupted service and operational reliability. The order was booked in Q3 2025. Japan's ferry industry is highly advanced, with strict environmental and safety regulations. Operators must reduce fuel
MarTrust and ISWAN partner to support seafarer wellbeing MarTrust, part of Marcura and a leading crew payments provider serving over 150,000 seafarers, has partnered with the International Seafarers' Welfare and Assistance Network (ISWAN), a global non-profit offering 24/7 helplines and welfare resources for seafarers and their families. The partnership aims to boost awareness and access to mental health and financial wellbeing support across the marit
HPC to develop business case for Newcastle Clean Energy Hub HPC Hamburg Port Consulting (HPC) will develop the final business case for the Port of Newcastle's Clean Energy Precinct (CEP). The project will assess the commercial potential of green ammonia production, storage, and export at the site. The CEP covers 220 hectares of redeveloped industrial land. Backed by A$100 million in federal funding, it aims to cut 660,000 tonnes of domestic and 1 million
MGC signs ultra-low carbon methanol supply deal Mitsubishi Gas Chemical Company has signed a sales and purchase agreement with Transition Industries LLC for the supply of ultra-low carbon methanol. The agreement was signed on November 6, 2025. Officials from the embassies of the United States and Mexico attended the signing ceremony. Transition Industries develops large-scale methanol and green hydrogen projects aimed at achieving carbon neutr
Global bunker prices show mixed movements in Week 45 At the end of Week 45, global bunker indices MABUX showed mixed movements with no clear overall trend. The 380 HSFO index declined by US$5.51 to US$439.82/MT, once again falling below the US$450 mark. The VLSFO index also edged down by US$1.84, to US$509.43/MT. In contrast, the MGO index rose by US$5.81, increasing to US$790.68/MT, gradually nearing the US$800 threshold. "As of the time of writin
Suez Canal shows signs of life, but full recovery remains elusive First significant traffic increases since Red Sea crisis began signal cautious optimism, but major shipping lines await complete security stabilization
Noatum Maritime wins five-year LNG Terminal contract in Bahrain Noatum Maritime, part of AD Ports Group, has signed a five-year agreement with Bapco Upstream to provide marine services at Bahrain LNG Import Terminal (BLNG). The contract marks Noatum's entry into LNG terminal towage operations. The company will handle towage using LNG-compliant tugboats, berthing and unberthing of LNG carriers and Floating Storage Units, and 24/7 emergency response. Skilled pi
Stolt-Nielsen completes acquisition of Suttons International Stolt-Nielsen Limited has acquired ISO tank operator Suttons International Holdings Limited. Suttons is now a 100% owned subsidiary of Stolt-Nielsen. The acquisition adds over 11,000 ISO tank containers to Stolt-Nielsen's fleet. It broadens the company's product offering and strengthens its position as a leading liquid logistics provider. The move aligns with Stolt Tank Containers' (STC) strategy
Chittagong looks for consulting firms to prepare a scientific mechanism of tariff formation, implementation procedure The Chittagong Port Authority (CPA) is now looking for international consulting firms to prepare a consistent, scientific mechanism of tariff formation and implementation procedure considering future development and transformation of operation model of the port authority. The consultant will also have to develop a policy for tariff formulation and implementation. This policy will include existing
DHL Group reports Q3 earnings growth amid revenue dip DHL Group posted higher earnings in Q3 2025, despite a drop in revenue. Revenue fell 2.3 percent to EUR 20.1 billion, mainly due to currency effects and weaker U.S. volumes. Operating profit rose to EUR 1.5 billion, up from EUR 1.4 billion a year earlier. The EBIT margin improved to 7.3 percent. Free cash flow reached EUR 1.2 billion, up 80 percent. Net profit after non-controlling interests clim
K LINE reports lower earnings in Q2 FY2025 Kawasaki Kisen Kaisha, Ltd. ("K LINE") posted softer results for the first half of FY2025 as weaker product logistics and container shipping markets weighed on performance. However, the group lifted its full-year revenue guidance and highlighted continued financial strength and stable energy-related earnings. For the six months ended September 30, 2025, operating revenue fell 7% to JPY 500.6 bill
HMM advances digital shipping standards with three industry pilots HMM has completed three pilots implementing DCSA standards in collaboration with Genesis, Samsung SDS, and HelloContainer. The pilots tested the Booking and Bill of Lading standards in live environments, supported by DCSA for onboarding, technical guidance, and partner alignment. For the first time, HMM worked simultaneously with multiple ecosystem partners to validate standardised API-based data
Maersk delivers strong Q3 results A.P. Moller - Maersk A/S reported strong financial results for the third quarter of 2025, reflecting operational efficiency, disciplined cost control, and growth across all business segments. Based on its performance, Maersk has refined its full-year 2025 guidance, raising the lower end of expectations. The company's revenue reached USD 14.2 billion, while EBITDA and EBIT stood at USD 2.7 billion
Poland is building a Baltic trade gateway amid European uncertainty Warsaw is betting big on the Baltic Sea with plans to invest EUR€325 million in a massive new container terminal at Swinoujscie by 2029, Poland is positioning itself to become Northern and Central Europe's next major maritime hub a strategic pivot that intertwines commercial ambition with geopolitical calculation
WinGD partners with Qatar Shipyard for Middle East Engine Service Swiss marine power company WinGD has signed a memorandum of understanding (MoU) with Qatar Shipyard Technology Solutions to expand engine aftercare and technical services in the Middle East. The agreement, reached during Nor-Shipping in June, strengthens delivery of WinGD's Global Service by WinGD, covering maintenance, repair, overhaul, and retrofitting. The partnership combines Qatar Shipyard T
CBRW and NLR join BNSF Railway's Shortline Select™ Program BNSF Railway, a leading North American transportation company, announced that Northern Lines Railway (NLR) and Columbia Basin Railroad (CBRW) have joined its Shortline Select program. Launched in fall 2024, Shortline Select connects shortlines with BNSF's 32,500-mile network across 28 U.S. states and three Canadian provinces. The program combines the personalized service of shortlines with BNSF's
Konecranes names Jussi Rautiainen President, Industrial Equipment Konecranes has appointed Jussi Rautiainen as President of its Business Area Industrial Equipment. He will also join the Konecranes Leadership Team. Rautiainen succeeds Marko Tulokas, who became President and CEO of Konecranes in June 2025. He will start on January 1, 2026, and report directly to Tulokas. Born in 1978, Rautiainen holds an MSc in Industrial Engineering and Management. He currently
KLN becomes 4PL partner for Ego Pharmaceuticals in Hong Kong KLN Logistics Group Limited announced that its pharmaceutical division, KLN Pharma (Hong Kong) Limited, has been appointed as the fourth-party logistics (4PL) provider for Australian skincare brand Ego Pharmaceuticals in Hong Kong. KLN Pharma will manage Ego's entire supply chain, including domestic distribution to retail outlets, pharmacies, and key chain channels. Using GMP-compliant facilities
Swire Shipping revises Barge Fee currency in Papua New Guinea Swire Shipping has announced a revision to the currency of its recently introduced Barge Fee for all ports served via domestic transshipment in Papua New Guinea. The fee, previously charged in Papua New Guinea Kina, will now be applied in US dollars. The USD-based Barge Fee will take effect for bills of lading dated on or after 10 November 2025 and will be payable along with the ocean freight. Ex
AD Ports buys into Syria's Latakia terminal in CMA CGM deal AD Ports Group has struck a deal with France's CMA CGM Group to acquire a 20% stake in Latakia International Container Terminal (LICT), Syria's main container facility, for AED 81m ($22m). Under the agreement, the Abu Dhabi-based ports and logistics group will join CMA CGM in the management and future expansion of the terminal, which ...
Scorpio Tankers refreshes MR fleet with sale and newbuild swoop Scorpio Tankers is reshuffling its MR product tanker lineup, agreeing to sell four existing vessels while snapping up four modern newbuildings set to join its fleet in 2026 and 2027. The Monaco-headquartered company, led by Emanuele Lauro (pictured), has signed deals to sell four 2014-built, scrubber-fitted MRs - STI Battery, STI Venere, STI Milwaukee and ...
Freightos expands into ocean freight Freightos has expanded its digital freight platform from air to sea, rolling out an integrated pricing, quoting, and booking system for ocean freight forwarders. The Nasdaq-listed logistics technology firm said its new WebCargo Rate & Quote Ocean platform marks a major step in unifying air and ocean freight management under a single digital system. Already ...
Somali pirates board tanker in deepwater attack A Malta-flagged products tanker has been boarded by armed pirates in the Indian Ocean. According to maritime security specialists Vanguard Tech and Ambrey, the Hellas Aphrodite was attacked early today, approximately 549 nautical miles east-southeast of Hobyo, Somalia, far beyond the traditional high-risk area. The 50,000 dwt vessel, en route from Sikka, India, to Durban, ...
Frachtcontor Junge & Co buys HMC in Hamburg broking merger German shipbroker Frachtcontor Junge & Co has expanded its chartering and shipbroking business with the acquisition of Hamburg-based rival HMC Hamburg Maritime Chartering (HMC). The move marks a significant step in Frachtcontor's growth strategy to build a stronger and more diversified broking platform, the company noted. HMC, known for its long-standing client base and expertise ...
Geneva Dry: Coal's wildcard role Geneva Dry, the world's premier commodities shipping conference, is set to return to the Hotel President Wilson on the shore of Lake Geneva on April 28 and 29 next year with many of dry bulk's biggest names set to take the stage. As well as tech-focused panels, organisers have created commodity-specific sessions with coal being ...
Torm adds four MRs in fleet shake-up Danish product tanker owner Torm has continued its tonnage reshuffle with a fresh secondhand deal for four 2014-built MR vessels, extending a busy year of buying and selling vessels as part of its ongoing renewal programme. The Copenhagen- and New York-listed firm said the latest deal brings its 2025 vessel transactions to the acquisition of ...
Prosafe makes interim chief Reese McNeel permanent CEO Offshore accommodation vessel specialist Prosafe has named Reese McNeel as its permanent chief executive officer. McNeel has been the interim chief executive officer since September 1, following the resignation of the previous CEO Terje Askvig. During his time as interim CEO, he also continued working as the company's chief financial officer. He has been the ...
PV Drilling clinches jackup contract for 2027 campaign Petrovietnam Drilling and Well Service Corporation (PV Drilling) has won a contract for one of its jackup rigs from Phu Quoc Petroleum Operating Company (PQPOC). The rig in question is the 2015-built PV Drilling VI, which will be used for the 2027 development drilling program for the Block B gas field project offshore southwest Vietnam. ...
Shell taps Halliburton for work on Nigerian gas project Houston-headquartered energy services giant Halliburton has been awarded an integrated drilling and completion services contract by Shell's Nigerian arm. The contract, awarded by Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies, is for work on the HI gas field development in OML 144. The project will provide feed gas supply to ...
The IMO's year to save itself Dr Emma Gillett, the founder of SeaFeedback, a superyacht data platform, makes the case for urgent reform at the IMO. During the recent International Maritime Organization (IMO) meeting to rubber-stamp the Net Zero Framework (NZF), fractures began to appear. The NZF collapse isn't just about climate, it's a case study in weak regulatory structure and ...
Spacewear hits the high seas Japanese shipping giant Nippon Yusen Kaisha (NYK) is trialling space suits at sea (pictured above). NYK has teamed with a Japanese fashion-tech brand called Moonrakers to see how its advanced clothing could work for crew at sea as well as shipyard workers. Moonrakers, which works with the Japan Aerospace Exploration Agency (JAXA), merges aerospace-level materials ...
China developing thorium-powered boxship project China has unveiled ambitious plans to build a 14,000 teu containership powered by a thorium-based molten salt reactor (MSR), marking a major step toward nuclear propulsion in commercial shipping. The concept vessel, to be developed by China State Shipbuilding Corporation (CSSC) in partnership with the China National Nuclear Corporation (CNNC), will feature a next-generation reactor ...
Navios offloads its oldest VLCC New York-listed Navios Maritime Partners, led by Angeliki Frangou, has offloaded its oldest VLCC, marking one of the few notable tanker deals concluded over the past week. Brokers report the Nave Quasar (297,000 dwt, built 2010, Dalian) has changed hands for $52.5m. Buyers remain undisclosed. The 15-year-old unit is the eldest of six VLCCs in ...
Port fee pause will cover foreign-built vehicle carriers, USTR confirms Operators of foreign-built vehicle carriers can now breathe a sigh of relief. They too will be granted a one-year reprieve...
D'Amico: We didn't expect this market to last as long as it has On the back of another healthy quarter, d'Amico chief executive Carlos Balestra di Mottola cited the 'exceptional circumstances' that are...
Maersk confident of market balance despite orderbook and possible Suez return Should demand weaken then Maersk plans to balance the market through traditional methods including vessel recycling, idling and slow steaming
Genco posts third-quarter loss due to drydocking But the company remained optimistic of a stronger dry bulk market in the last quarter of the year, with a...
CMA CGM and Edison conduct Italy's first containership LNG bunkering Edison's future as a key LNG bunker provider in question as almost half of its LNG imports come from Qatar...
Container terminal decarbonisation: job done? In a period where decarbonisation of the shipping industry has faltered, APM Terminals provides optimism that one sector can reduce...
Sanctioned LPG fleet swells in October but impact remains to be seen The US announced sweeping sanctions on Iran's LPG shadow fleet last month, bringing the total of Iran-trading LPG carriers designated...
Torm confirms purchase of secondhand product tankers as it narrows guidance Torm has narrowed its full-year financial guidance following better-than-expected freight rates
UK Club demands large rate hike Third P&I insurer confirms substantial general increase next February
Somali piracy threat returns with dramatic boarding The boarding follows warnings of increased pirate activity in Somalia and links to the Houthis and al-Shabaab
The Daily View: Mixed messaging
Maersk lifts full-year outlook after strong third-quarter results Maersk raised its full-year earnings outlook after reporting resilient third-quarter results, citing strong volumes and steady cost control across its...
Samsung Heavy expands MASGA efforts through partnership South Korean shipbuilder plans to accelerate its expansion into global markets, including North America and Southeast Asia, with new agreement
Daily Briefing Compliance confusion grows as UK ramps up sanctions pressure | Russia takes on Venezuelan naphtha trade | Shipping: mad as...
Large US truckload carriers trim tractor counts to control capacity The Journal of Commerce Truckload Capacity Index hit an all-time low of 72.4% in the third quarter as big carriers culled trucks, expecting a "challenging" end to 2025.
DHL Global Forwarding sees Q3 revenue drop on lower ocean rates Group CEO Tobias Meyer said DHL's freight division was affected by a weak global economy as well as a peak season in ocean freight that "failed to materialize."
Tariffs, energy policy changes force US ports to rethink project cargo strategies Ports that previously had been able to count on more predictable planning and certain cargo types, such as wind project equipment, are finding themselves having to take stock of their capabilities and recalibrate accordingly.
Maersk boosts earnings guidance on higher container volume growth But the revision comes as the carrier saw sharp declines in third-quarter revenues and profit amid the slump in freight rates.
Belly freight shouldering airlines' CO2 emissions burden: forwarders With calculations based on weight, the burden of CO2 emissions generated by passenger aircraft is being unfairly placed on the freight carried below decks, forwarders say.
Pangaea doubles profit in better-than-expected earnings report Per-vessel earnings were down, but adding 15 vessels to the fleet boosted the top and bottom line
Excelerate Energy has 'not given up' on FSRU newbuildings Company's conversion candidate delivering aid to hurricane hit Jamaica this week
Performance Shipping clinches first suezmax charters in debut deal with Repsol US-listed Performance Shipping boosts contracted revenue by $100m in back-to-back deals within a single week
International Seaways posts strong quarter coupled with bullish tanker bookings The crude and product tanker owner also recorded a gain from the sale of three MR tankers
'Driving force': Vitol head of shipping Kit Kernon dies aged 56 Trader's long-serving fleet boss passed away on Thursday in Singapore
Age is just a number for Torm boss, as older tanker snags lucrative term charter Danish owner focused on shareholder returns, not date of construction
Dorian LPG profit soars on record seaborne volumes in third quarter US-China row and easing Middle East tensions boosted tonne-miles as buyers reshuffled their sourcing
Scorpio Tankers sells four ships and swoops for newbuilding quartet Four MRs out, four MR newbuildings in for giant shipowner
Smarting from IMO defeat, EU unveils $3.3bn plan to narrow green-fuel funding gap European shipowners' lobby welcomes the bloc's Sustainable Transport Investment Plan as a 'good first step'
MSC and CMA CGM spread fear as secondhand tonnage dries up With tonnage increasingly concentrated in the hands of major liner operators, the balance of power is being redrawn
d'Amico International Shipping says 'drift' of refinery capacity to Asia is key for product tankers Western sanctions also important driver of tonnage tightness, Italian owner says
Torm boss Jacob Meldgaard holds neutral line amid Hafnia merger talk Board will consider any proposals from BW Group rival, with analysts convinced mega-merger will happen
Himalaya Shipping CEO keeps 'positive' bulker outlook Market has been driven by healthy demand from China and increased exports from Brazil and West Africa
Costamare Bulkers head of capes leaves on heels of Cargill deal Before joining Costamare, Khurana headed the capes team at Oldendorff Carriers for six years
Hapag-Lloyd inks newbuilding contracts for up to 24 feeder ships Liner company poised to order methanol dual-fuelled vessels in $1.5bn play
Insurers tell shipowners to pay more for insurance coverage Protection and indemnity clubs say a rise in the largest claims is pushing up premiums
New maritime ethanol organisation launched to push clean fuels in shipping Platform will promote acceptance of future fuels
NYK takes a hit on container ship, dry bulk and car carriers But first-half figures show a brighter picture for energy business
MSC and Mercuria bosses granted Trump audience during Swiss mission Diego Aponte and Daniel Jaeggi were part of a delegation that visited the Oval Office
Shipowner loses appeal over $47m grounding bill Charterer was blamed for loss of a bulker but went bust before it paid up
Latsis tanker attacked with RPGs and boarded by pirates off Somalia The incident took place on the open sea, about 550 nautical miles from the African coast
Ship management veteran Abhishek Asija launches new maritime advisory firm GMOS World Company claims it aims to find simple solutions for shipping's bigger problems
Somali pirates board tanker using seized Iranian dhow as a mothership Ambrey reports incident 546 nautical miles from African coast
Maersk shares fall as liner giant faces 'challenging' 2026, analysts say Earnings peak has passed, Fearnley Securities says
Torm buys four product tankers as older vessel moved on Danish owner will boost fleet to 92 ships with latest transaction
Maersk raises profit guidance on 'defiantly' growing container demand Liner giant sees 'solid' export growth out of China, despite trade disruptions
DFDS CEO heading for exit amid plans for shipowner to cut 400 jobs Torben Carlsen joined as CFO in 2009
RINA to power Singapore's next wave of maritime innovation Technology demonstration centre to accelerate smart and green solutions in shipping
Wallenius Wilhelmsen upgraded to buy as Arctic Securities sees full recovery of port fees Fearnley Securities upgraded to hold rating for car carrier owner
Frachtcontor Junge & Co snaps up rival broker HMC to boost tanker business Shipbroking consolidation rolls forward in Germany as merged shop eyes wider horizons
Singapore and RINA join hands to advance maritime innovation Technology demonstration centre to accelerate smart and green solutions in shipping
Frachtcontor snaps up rival broker HMC to boost tanker business Shipbroking consolidation rolls forward in Germany as merged shop eyes wider horizons
Wallenius Wilhelmsen upgraded to buy as Arctic sees full recovery of port fees DNB Carnegie maintains hold rating for car carrier owner
Ship management veteran Abishek Asija launches new maritime advisory firm GMOS World Company claims it aims to find simple solutions for shipping's bigger problems
Seacon Shipping set to gain $12m from sale of bulker The Seacon Africa is currently on bareboat charter from a fully-owned unit of Japan's Doun Kisen
Back from the dead: SPM Shipping revives anchor-handler laid up for eight years under previous owner Open for business under new management
LNG supply growth set to outpace regasification capacity, Excelerate Energy says Impact of Hurricane Melissa on company's newly acquired Jamaica assets 'limited'
Genco Shipping reports small loss as earnings slump deeper than expected But New York bulker owner logs 25% improvement in daily vessel earnings in fourth quarter
Port Houston CEO: Maritime industry must adapt as trade markets shift The Houston International Maritime Conference brought together executives, carriers and freight stakeholders to discuss shifting global trade flows.
USTR asks comments on suspension of port fees The Office of the U.S. Trade Representative is asking for public comment on the proposal to suspend port fees on Chinese ships.
New trade deals, and 'tenuous stability' for ocean freight A slate of China agreements clears some of the uncertainty around ocean shipping, but questions still surround demand in the U.S. and other markets.
Maersk's surprising strategy amid falling freight rates Maersk adjusted a portion of its guidance upward for 2025 earnings after a quarter that saw higher volumes but lower profits.
UPS restarts Louisville air hub operations for Thursday deliveries UPS is quickly getting back to work at its Worldport air parcel hub after a one-day suspension of cargo operations because of a major aircraft accident.
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