Game changer? Wärtsilä makes onboard CCS commercially available In a much-anticipated move, Wärtsilä is now making its onboard carbon capture solution (CCS) commercially available to the world maritime industry - and It says that, according its tests, the solution is
Wallenius Wilhelmsen finalizes Armacup takeover Wallenius Wilhelmsen has announced the acquisition of the remaining shares in Armacup, bringing the shareholding percentage from 65 to 100%. The transaction was closed on 30 April. As previously communicated, the amended shareholder agreement that was entered into in 2022 stated that Wallenius Wilhelmsen was to buy the remaining shares. "This acquisition is a strategic move that will also bring g
Colombia's Shipping Sector in 2025: Resilient but Under Tariff Pressure Colombia's shipping sector in 2025 remains operationally sound, yet it operates under growing pressure from geopolitical tensions, particularly the threat of U.S. tariffs and broader global trade disruptions
Norfolk Southern, Port of Virginia join forces for US first RailGreen Corridor The Port of Virginia has launched a collaboration with US railway company Norfolk Southern on its new RailGreen program that reduces supply chain emissions for shippers. According to the announcement, with the first-of-its-kind emission reduction program for freight rail connecting to the East Coast's most sustainable port, shippers now have the nation's first "RailGreen Corridor" to conduct bus
Stormy Waters Ahead: A Challenging Year for Container Shipping As we sail deeper into 2025, the container shipping industry finds itself navigating a turbulent confluence of geopolitical unrest, inflationary headwinds, and shifting global trade dynamics. This year's outlook is being shaped by a complex mix of overcapacity, persistent global conflicts, evolving trade alliances, and intensifying regulatory pressure-each demanding strategic recalibration from c
Global Hotspots: Maritime Security Threats Demand Heightened Vigilance As global trade continues to rely heavily on maritime routes, the seas remain a dynamic arena for security challenges. In 2025, maritime security incidents have persisted across several critical regions, with the Somali Coast, Caribbean Sea, Singapore Strait, and Gulf of Guinea standing out as notable hotspots
Emirates Shipping Line, Wan Hai to commence joint India-East Med service Emirates Shipping Line and Wan Hai Lines will launch their new joint service, the India-East Mediterranean 2 (IM2) Service, on 1 June 2025, aiming to strengthen trade connectivity between South Asia and the Eastern Mediterranean region. This collaboration marks a strategic expansion of Wan Hai Lines' network, providing direct and reliable links from India to key Eastern Mediterranean ports. The I
Africa: The Bright Spot in Deepsea Container Routes By Alison Koo, Asia Correspondent Africa is now offering the best spot freight rates for Chinese containerised exports, according to Alphaliner
Brazilian grain shipments up 9% as China seeks US alternative By Filibe Gouveia, Shipping Analysis Manager at BIMCO "Between January and April 2025, Brazilian grain shipments rose 9% y/y, supported by strong Chinese purchasing. As China imposed higher tariffs on cargoes from the US, the country sought alternative suppliers, such as Brazil," noted Filipe Gouveia, Shipping Analysis Manager at BIMCO. The ramp-up in exports has been supported by a 9% increase i
Port of Koper breaks container volume record in 2024 Slovenia's Port of Koper has reported strong performance, with over 1.13 million TEUs in 2024, setting a new throughput record. Despite challenges such as the crisis in the Red Sea and broader market uncertainties, the port recorded a 3% year-on-year increase in total maritime throughput, a 6% rise in container handling, and an 8% growth in general cargo. On the downside, the handling of passenge
Indian Register of Shipping establishes new office in Saudi Arabia Indian Register of Shipping (IRS), an international ship classification society and member of the International Association of Classification Societies (IACS), has announced the opening of its new office in Saudi Arabia. With the establishment of the Dammam office, IRS will offer its full suite of services across all major ports in Saudi Arabia. This move aims to enable closer engagement with loc
DP World opens first warehouse in Singapore DP World has announced the establishment of its first-ever logistics asset in Singapore, located in the city-state, which is the financial conduit between China and South-East Asia. The 13,000m² multi-user bonded, purpose-built warehouse at Mapletree Benoi Logistics Hub is the latest addition to DP World's warehousing footprint in Asia Pacific, following the unveiling of similar facilities in Inc
Orca AI raises over US$70M to drive autonomous shipping innovation Maritime technology company Orca AI has closed an investment of US$72.5 million in Series B funding, with Brighton Park Capital leading the round with participation from existing investors Ankona Capital and Hyperlink Ventures. The investment will enable Orca AI to further its autonomous platform, add new capabilities and enter new categories, including defense and security. The funding is also e
Kale Logistics to develop Oman's National Port Community System Kale Logistics Solutions, along with its local partner Novel Muscat, has been awarded the contract by the Ministry of Transport, Communications and Information Technology (MTCIT) of Oman to develop a National Port Community System (NPCS). This multimodal cargo community platform aims to digitalise and streamline operations across Oman's ports, airports, land ports, and free zones. The NPCS will p
Port congestion shows strain on chaotic container market Port congestion, particularly in northern Europe, is raising concerns of increasing delays and rising port charges as ports struggle to handle an increase in trade and the number of vessels calling at terminals. An increasingly complex and chaotic global market is heightening the levels of uncertainty and producing counter-intuitive shifts in rates as carriers shift capacity from major Asian port
APM Terminals begins pre-construction work on Laldia Container Terminal in Bangladesh By Sharar Nayel, Asia Correspondent APM Terminals, a subsidiary of Danish shipping and logistics giant Maersk, has begun pre-construction activities for a new container terminal at Laldia, near Bangladesh's Chittagong seaport. According to officials, the initial work began last week with marine subsoil boring and a topographic survey. A jack-up barge has been deployed inside the Karnaphuli Channe
Trump halts strikes on Houthis in deal to secure Red Sea shipping lanes In a move with significant implications for global trade, U.S. President Donald Trump announced a halt to American airstrikes on Yemen's Houthi forces, following a reported ceasefire agreement mediated by Oman. The Iran-aligned Houthis-whose attacks on commercial vessels have severely disrupted shipping through the Red Sea and Bab al-Mandab Strait-have reportedly agreed to stop targeting critical
Yemen's Ports Under Siege as U.S. Warns Iran Over Houthi Escalation
Port of Klaipeda establishes new fleet base The Port of Klaipeda is opening a modern fleet base that will house all of the port's specialized equipment and serve as a new home for the Port Authority's vessels. "This base is a well-thought-out infrastructure solution that enhances our technical capabilities and ensures consistent, reliable port operations. The new fleet base also reflects our commitment to invest in progress, technology and
Kalmar carries out STS crane repair at Mumbai Port Kalmar has concluded a project with Jawaharlal Nehru Port Authority (JNPA) to repair the leg of a ship-to-shore (STS) crane at Nhava Sheva Freeport Terminal (NSFT) in Mumbai, India. The STS cranes at NSFT are important in the loading and unloading of intermodal containers. As part of its Modernisation Services offering, Kalmar was contracted to perform repairs to the leg of one of the STS cranes
Jiangsu Ocean Shipping orders boxship quartet China's Jiangsu Ocean Shipping (JOSCO) is expanding its containership fleet with four newbuilds contracted at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The shipping arm of Jiangsu Port Group has booked a series of 3,000 teu vessels set to become the largest in its fleet. Jiangsu Ocean lists a fleet of 30 vessels on its website, ...
Pyxis Tankers lines up funds for fleet growth Greek owner Pyxis Tankers has set out to potentially expand its fleet by up to two ships with the signing of a commitment letter for a bank loan of up to $45m. The Nasdaq-listed firm said it is eyeing modern product tankers between 45,000 dwt and 115,000 dwt or bulk carriers between 60,000 dwt and ...
Nissen Kaiun in for HD Hyundai Mipo LPG brace Low-profile shipowner Nissen Kaiun has returned to HD Hyundai Mipo Dockyard in Ulsan for a pair of LPR carriers. Multiple newbuilding sources have listed the Japanese shipping mammoth with two 45,000 cu m units booked at $73.5m each for delivery in 2027. The owner of more than 200 ships, of which 10 are listed as ...
Ocean Yield increases stake in French LNG player Norwegian owner and sale and leaseback player Ocean Yield has increased its stake in France's Geogas LNG. In July 2024, Ocean Yield took over interests from infrastructure fund CVC DIF, which held a 31% stake in Geogas LNG. This provided the company with an indirect economic interest of 34% in France LNG Shipping (FLS). Ocean ...
Wallenius Wilhelmsen bags transport deal worth $140m Norwegian car carrier player Wallenius Wilhelmsen has won a three-year shipping contract with an unnamed construction and mining equipment manufacturer. The contract is estimated to have a value of approximately $140m based on expected volumes over the three-year period. The company stated that the renewed agreement between the two began on May 1, 2025. The ...
Wood secures extensions with three North Sea operators UK consulting and engineering firm Wood has secured a trio of reimbursable contract extensions worth $118m for operations and maintenance solutions with Shell, Dana Petroleum, and CNOOC International. The extension with Shell UK will see Wood continue support operations on the Shearwater, Gannet, Nelson, and Penguins assets, while the CNOOC extension will see the UK ...
Danes debut soot particle monitoring onboard ships A Danish partnership has claimed the world's first ship fitted with a new type of flue gas sensor that can measure emissions of soot particles also known as 'black carbon' in real time. Uni-Tankers in collaboration with the Danish Technological Institute and emission control tech specialist Green Instruments have installed the sensor on board the ...
Kashmir conflict the latest disruption thrust shipping's way Shipping has a new hotspot to navigate through with South Asia erupting into conflict overnight. India conducted missile strikes on nine targets in Pakistan and Pakistan-administered Kashmir last night. India's military reported seven civilian deaths from Pakistani shelling along the de facto border, while Pakistan stated 26 people were killed and 46 injured due to ...
Ørsted shelves 2.4GW UK offshore wind project over rising costs Danish offshore wind developer Ørsted has discontinued the Hornsea 4 offshore wind project in the UK, citing rising costs and increased risks for development. The Danish firm said that, since the contract for difference (CfD) award in September 2024, the 2.4GW Hornsea 4 project had seen several adverse developments relating to continued increase of supply ...
$14bn: Moscow's shadow fleet outlay over the last three years Russia has spent $14bn buying just over 400 tankers for its so-called shadow fleet since May 2022, an armada that is now struggling to deliver exports around the world, according to new data from Navigating Russia, a substack penned by former Wall Street banker Craig Kennedy. Large-scale tanker sanctions in 2025 have helped significantly reduce ...
EMGS enters subsea construction sector through OSCV buy Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has expanded its business into the offshore construction sector with the acquisition of the Siem Day offshore subsea construction vessel (OSCV). EMGS said that the acquisition represents a strategic diversification, complementing its existing electromagnetic operations and expanding into the growing subsea construction segment.
Apollo snaps up LNG shipping platform Hav Energy US-listed private equity group Apollo has struck a deal to acquire LNG shipping investment business Hav Energy from Norway's HitecVision for an undisclosed sum. Established by HitecVision in 2022, the Randi Vestbø-led outfit has co-invested in 10 newbuild LNG carriers at Hyundai Heavy Industries in South Korea, together with Knutsen LNG. Apollo said it sees ...
TGS clinches 4D streamer project in the Mediterranean Oslo-listed seismic data specialist TGS has been awarded a 4D streamer contract in the East Mediterranean. The company said in an Oslo Bors filing that the acquisition was scheduled to begin in the second quarter of this year. The deal has a duration of approximately 90 days. Kristian Johansen, CEO of TGS, stated that the ...
Solstad Offshore nets four-year anchor handler deal Norwegian vessel owner Solstad Offshore has won a new contract for one of its anchor handling tug supply vessels (AHTS). The 2007-built anchor handler Normand Turquesa was awarded a new four-year deal by Brazilian state-owned oil and gas major Petrobras. According to a statement by the Norwegian firm, the contract is subject to board approval ...
IMO mid-term measures tipped to add 80% premium to bunker costs by 2035 British consultancy Maritime Strategies International (MSI) has given an early indication of the impact that the International Maritime Organization's recently agreed Net Zero Framework will have on the bunker market. By extending the annual fuel consumption estimates calculated for 2024 through to 2035, and applying MSI's forecasts for bunker prices, it is possible to project ...
Smaller shipowners in danger: Geneva Dry risk workshop It was a standing room during a specialist workshop, sponsored by Paratus, at the opening day of the second edition of Geneva Dry that saw panellists turn their attention to various aspects of risk management for dry bulk shipowners and operators. Moderator of the session, Neville Smith, director of maritime PR consultancy Mariner Communications, got ...
How to manage uncertainty Mykhail Kravchenko, head of fleet service and transhipment commercial operations at Kernel, reflects on key takeaways from last week's Geneva Dry summit. Geneva Dry 2025 brought together some of the most experienced players in dry bulk shipping - traders, shipowners, operators, and analysts - to discuss the current market and what lies ahead. The level ...
Panama Canal yet to see tariff hit, but it could be coming soon So far so good for the Panama Canal. The numbers for April just came out and there was no trade...
Trump switches nominees for top Marad job The nomination of retired US Navy submariner to lead the US Maritime Administration has been withdrawn, with industry veteran and...
Why floating armouries are a dangerous problem that nobody wants to tackle Questionable flag state oversight; 50-year-old vessels carrying thousands of firearms and a revolving cast of international private security contractors; years...
Green hydrogen groups say EU must succeed where IMO failed Green hydrogen groups have asked Brussels for stronger climate policies after the 'disappointing' IMO MEPC result, saying the future of...
US-Houthi ceasefire not expected to spur imminent Red Sea return Houthis say Israeli-owned ships are still 'banned', essentially marking a return to its December 2023 targeting scope
Gothenburg port trials hydrogen for shore power The Port of Gothenburg is trialling hydrogen to help power docked ships, as it looks for unconventional ways to meet...
British rotor sail designer Anemoi gears up for growth Increasing emissions regulations are making the business case for rotor sails more compelling
ITIC: marine liability cover for men in suits, not men in boilersuits Desk jockeys of the world, relax. Tom Irving has your back.
Evalend inks deal for two suezmaxes at HD Hyundai Samho Greece-based owner has contracted duo at $85m per ship, according to source
Getting to Zero Coalition report finds mixed progress on green goals The Getting to Zero Coalition has come up with a new way to measure progress on decarbonisation across different industry...
New deliveries add to Navios Partners' contracted revenue backlog Angeliki Frangou sees 'more muted than feared' fall-out from US tariffs but can't rule out 'extreme outcomes'
Shipping's secret trade: the problem Lloyd's List news reporter Joshua Minchin speaks to several frontline experts on how they tackle smuggling, whether it be illegal...
Record premiums at Shipowners' Club Insurer's success was sufficient to enable a price freeze at the last renewal, with all other clubs seeking increases of...
Orca AI to advance autonomous shipping plans as it wins new investment Orca AI said its latest funding round completion brings total raised to $111m
Container futures rally as US-China trade hopes outweigh Red Sea ceasefire Shanghai container freight futures rallied on optimism over revived China-US trade talks, as traders largely brushed aside Red Sea ceasefire...
Capesize owners hope Simandou tonne-miles will offset drop in Chinese ore demand Chinese involvement in the project suggests the country will import significant volumes from Guinea next year, which could increase tonne-mile...
New bookings data points to US import plunge in May and June Data on cargo bookings allows the market to infer how US imports will fare as a result of Donald Trump's...
Daily Briefing Major shipping companies start to test Red Sea waters | Matson provides inside look at severe tariff disruptions to transpacific...
MSC suspends two US services, rejigs others as tariffs hit Chinese imports The world's largest shipping company said Wednesday the service suspensions and network changes were "in response to the recent changes in demand for cargo transport from Asia to the US."
Trump taps former Maersk executive to head MARAD Stephen Carmel's nomination to lead the agency comes after the White House withdrew previous nominee Brent Sadler from consideration for the post.
Top 100 Importer/Exporter Rankings: Largest US shippers outpace hot market US imports rebounded to a record high in 2024 amid widespread frontloading, while exports expanded slightly for the second straight year.
Market 'unease' catches up with MPVs amid tariffs, economic uncertainty A slip in a key sentiment index reveals the MPV sector's vulnerability to general market uncertainty, but operators remain optimistic that the cargo pipeline remains robust.
Heavy loads at risk from uncertainty around US freight network map With the status of a federal multimodal freight network unclear, heavy haulers are forging ahead with their own push for processes, highway improvements and infrastructure specific to the transport of oversized and overweight loads.
Container sector challenges cast shadow over MPV demand A divergence from the weakening container sector has seen the MPV trade hold steady, although the potential for a breakbulk cargo grab by container lines cannot be discounted.
Transloading stands to weather import fall: analyst Relative stability may indicate that during the coming trade war, transloading could fare better than inland point intermodal, writes Larry Gross.
Ardmore promotes from within to continue C-suite shuffle New York-listed tanker owner appoints new chief operating officer and chief financial officer
Genco Shipping dips into reserve to pay dividend and adds stock buyback kitty New York-based bulker owner falls to first-quarter loss in line with analyst bets
Ardmore reports expected profit slump as analyst ratchets down outlook New York-listed product and chemical tanker owner achieves net cash position
'Nobody trusts the word of the Houthis': Has Trump set the scene for shipping Red Sea return? US president says rebel group capitulated in the face of a US military onslaught
Analyst lifts forecasts for DHT Holdings after sneak peak of second quarter Evercore's Jonathan Chappell hikes earnings estimate and price target
2020 Bulkers CEO: 'Capesize dry-dock rally has begun' Huge proportion of capesize and newcastlemax trading fleet will compete for space this year
US-listed Pyxis Tankers clinches loan to hunt wet and dry deals Valentios 'Eddie' Valentis sets sights on product and bulk carriers
Blackouts and 'orange swans': Should shipowners fear peak coal? Coal will likely play a key role in derisking national energy grids, especially as new renewables capacity comes online
'Not as severe as feared': Angeliki Frangou sees a pattern emerge of US policy fallout on shipping Greek owner continues renewing fleet amid global policy upheaval
Borealis Maritime profits from sale of container ship bought during lean years Tonnage provider has completed its second boxship sale this year
Jeff Bezos-led Amazon urges US judge to throw out $100m claim by shipping firm China United Lines Lawyers for e-commerce giant allege Chinese liner operator trying to turn contractual fight into US Shipping Act violation
'What's next?': GTT aims to grow digital business beyond Danelec buy Chairman and CEO Philippe Berterottiere talks ambitions, empowering young engineers and a message from St Peter
'More muted than feared': Angeliki Frangou sees a pattern emerge of US policy fallout on shipping Major Greek owner continues renewing fleet amid global policy upheaval
US shipowner Edison Chouest teams with Bollinger Shipyards to build next generation of icebreakers Alliance will utilise their combined 6,000 American workers and 33 shipyards
US-to-China grain shipments sink as tariff wars take toll Brazilian export boost to benefit panamax tonne-mile demand
Braemar spies product tanker opportunities as US refineries close UK shipbroker believes loss of capacity could mean boost for ship demand
Maersk shares slump on Trump Red Sea truce as investor eyes turn to profit guidance Danish liner giant to release first-quarter financial results on Thursday
US-China trade talks fail to stem transpacific liner exodus despite sentiment shift Closure of another two Asia-US services shows carriers are taking no chances
Evalend Shipping boosts $3bn orderbook with suezmax tanker swoop Greek company is doubling its suezmax tanker fleet to four ships
VLCCs busier as US crude imports from India hit two-year high Refineries taking more oil ahead of trade talks later this month
Wartsila sets out stall for carbon capture onboard ship Success of first installation on Solvang's Clipper Eris leads to industry wide roll out
Senior Houthi figure casts doubt on Donald Trump's boast rebel group has 'capitulated' US and Oman claim a deal has been done to end attacks on shipping
Ocean Yield raises stake in Geogas LNG after '$100m' acquisition from Access Capital Partners Leasing player will hold 45% indirect interest in France LNG Shipping
Italian shipowner Marnavi returns to China to grow chemical tanker newbuilding orderbook Naples-based owner said to have declared option for another 13,000-dwt ship
Trump announces Red Sea ceasefire Omani official says his country helped broker end to hostilities
Wallenius Wilhelmsen swells backlog with construction and mining equipment manufacturer Norwegian owner and operator expects to make $140m from deal
Japanese tonnage provider Nissen Kaiun doubles up on LPG newbuildings at Hyundai yard Owner tipped as buyer of two 40,000-cbm LPG ships at HD Hyundai Mipo
Kjell Inge Rokke-backed Solstad Maritime heads to Oslo Bors with merger off the table for now Solstad Maritime is expected to begin trading in Oslo on 16 May
Warsila sets out stall for carbon capture onboard ship Success of first installation on Solvang's Clipper Eris leads to industry wide roll out
MPC Container Ships pulls new executive pay guidelines after investor 'comments' Remuneration document detailing bonuses and stock options removed from shareholder meeting agenda
Israeli bombs land 80 metres away from cargo ship in near miss at Yemeni port St Kitts and Nevis-flagged vessel was conducting port operations when the missiles fell in Hodeidah
2020 Bulkers sees sharp cut in profit for the first quarter Dividend for April has rebounded with the higher freight market
US heavyweight Apollo Global buys LNG carrier platform from HitecVision Hav Energy jointly owns 10 LNG carriers with Knutsen LNG
Near miss for cargo ship in Yemen as Israeli bombs landed 80 metres away St Kitts and Nevis-flagged vessel was conducting port operations when the missiles fell in Hodeidah
Senior Houthi figure casts doubt on Donald Trump's boast rebel group has 'capitulated' US and Oman claim that a deal has been done to end attacks on shipping in the Red Sea
Cocaine found on Cosco bulker by underwater drone in Gibraltar Customs officers seized 120 kg of drugs hidden in a sea chest
EMF misled investors about risks and return of shipping fund, Danish watchdog finds Marketing was suspended while fund manager corrected documents
Major war could leave Denmark with $1bn commercial shipping losses in first year, paper warns Bleak message is included in consultation document for new law that proposes state-backed war risks scheme
DNB shipping loan book falls in first quarter as Carnegie takeover boosts fee income Norwegian bank all set to launch DNB Carnegie
South Korea's Supreme Court puts Evergreen back on the hook in price-fixing legal battle Other container lines stand to be implicated in latest twist of ongoing saga
Yangzijiang Shipbuilding bags up to four container ship newbuildings worth close to $240m Thailand's Regional Container Lines books a series of 4,400-teu ships
Tracking ships getting harder amid enhanced spoofing of location data in dark fleet hotspot Jump makes it nearly impossible to track vessels
'They have capitulated': Trump announces ceasefire with Houthis, lifting hopes for Red Sea reopening Omani official says his country helped broker end to hostilities
DHT Holdings guides to 33% stronger spot rates as it logs in-line quarterly profits New York-listed VLCC owner keeps full-payout dividend alive in profitable start to 2025
Houthis deny Trump's claim of Red Sea ceasefire Yemen's Houthi rebels said they have not agreed to cease attacks on shipping in the Red Sea, contradicting claims made by President Donald Trump.
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