HD Hyundai Heavy awarded USNS Alan Shepard MRO South Korea's HD Hyundai Heavy Industries has secured a contract for the maintenance, repair, and overhaul (MRO) of a U.S. Navy auxiliary ship - the USNS Alan Shepard (T-AKE 3), a 41,000-ton
VIDEO: Maersk's Vincent Clerc upbeat on first half performance "We have had a strong first half of the year, driven by consistent follow through on our operational improvement plans and the successful launch of the Gemini Cooperation," said A.P. Moller -
Province halts hazardous shipbreaking at Union Bay The NGO Shipbreaking Platform has welcomed the British Columbia government's decision to cancel the Crown land lease of Deep Water Recovery Ltd. (DWR) in Union Bay, putting an end to years of hazardous shipbreaking along the Baynes Sound shoreline. The move comes after sustained pressure from Union Bay residents, the K'ómoks First Nation, and environmental organizations, who voiced concern over D
SPC & SPGC recognized for carbon reduction efforts Sociedad Portuaria de Caldera (SPC) and Sociedad Portuaria Granelera de Caldera (SPGC) have been recognized under Costa Rica's Carbon Neutral Country Program (PPCN), an initiative by the Ministry of Environment and Energy (MINAE) promoting the decarbonization of logistics and industrial operations. The recognition highlights progress made in reducing carbon emissions through several measures: upg
NCFI sees sharp drop in July The Ningbo Containerized Freight Index (NCFI) averaged 1,183.7 points in July, marking a 20.5% decline month-on-month and a sharp 56.7% drop compared to July 2024, according to the Japan International Freight Forwarders Association, citing data from the Ningbo Shipping Exchange (NBSE). Of the 21 trade lanes measured, only four saw freight rate indices rise, while 17 declined. However, all 16 majo
CTS: Container market holds strong in H1 2025 The container shipping market wrapped up the first half of 2025 on solid ground, according to newly released June data. Despite ongoing global uncertainties, total liftings reached 93.5 million TEUs in the first six months, a 4.5% increase year-to-date. June volumes came in at 16.1 million TEUs, down 3.4% from May's restated record of 16.5 million TEUs, still the highest ever recorded by the CTS
Maersk lifts 2025 outlook after solid Q2 performance Maersk posted solid results in the second quarter, reporting a 2.8% rise in revenue and EBIT of USD 845 million. While slightly down from the previous quarter, the figures remain on par with last year, a noteworthy result given ongoing geopolitical tensions and rate pressure across the industry. Stronger demand outside North America and steady performance across all business units led Maersk to r
CNC revamps CSE service CNC has announced the revamp of its CSE service, offering improved speed, flexibility, and broader intra-Asia connectivity. The updated rotation now includes a direct call to Sihanoukville, Cambodia, enabling faster shipments from Central China. The enhanced service also improves planning flexibility between China and Thailand, complements existing CT8 coverage, and offers one of the market's fas
Sea-Intelligence: Sharp increase in unstable weekly capacity In issue 726, Sea-Intelligence Sunday Spotlight analyses the weekly capacity offered on individual liner services and find it has become drastically more volatile and unpredictable on the major East/West trades since the pandemic. This growing instability creates "lumpier" flows of cargo into ports, with services on the Asia-Europe trade lanes seeing volatility more than double, a trend that is a
Global bunker indices decline Global bunker indices trucked by Marine Bunker Exchange (MABUX), showed a consistent downward trend, disregarding potential growth factors such as the possible introduction of secondary sanctions or import duties by the United States. The 380 HSFO index declined by US$8.02, dropping from US$476.38/MT last week to US$468.36/MT. The VLSFO index also decreased, falling by US$10.65. The MGO index exp
MSC remains largest Transatlantic player MSC has retained its status as the largest Transatlantic operator after separating from Maersk Line, according to Alphaliner's report today. MSC has increased its Atlantic market share slightly from 41.1% to 41.8% over the twelve months from July 2024 to July 2025
MACS, Stinnes merge to expand transatlantic services MACS Maritime Carrier Shipping and Hugo Stinnes Schiffahrt have officially merged, forming one of the largest multipurpose liner shipping operators on the Atlantic. The new entity will continue under the name MACS Maritime Carrier Shipping GmbH & Co. and operate a combined fleet of more than 15 vessels. Also, the network will cover over 20 ports in 16 countries, with the headquarters remaining in
DHL grows Q2 earnings despite drop in revenue DHL Group posted higher earnings in Q2 2025, even as revenue dipped due to currency pressures and slower trade volumes. Group revenue fell 3.9% year-on-year to €19.8 billion, down from €20.6 billion in Q2 2024. The drop was largely driven by exchange rate effects and weaker momentum in global trade. Despite the softer top line, operating profit (EBIT) rose 5.7% to €1.4 billion. The EBIT margin im
Port of Tyne advances Green North Sea Shipping corridor project The Port of Tyne has reached a major milestone in the Green North Sea Shipping Corridor Project, bringing together UK and European partners at the National 2050 Maritime Innovation Hub to review early progress. The initiative, launched in November 2024, is part of a £9 million UK-Netherlands collaboration aimed at decarbonizing maritime transport and enabling green jobs. The UK Government is cont
Seacor Marine sells liftboat tandem to JAD Construction for $76m US offshore vessel operator Seacor Marine has sold two of its 335-foot liftboats to JAD Construction for total gross proceeds of $76m in cash. The net proceeds from the sales of the are unencumbered, and the transaction is expected to close during the third quarter of 2025. The company expects to gain around $30.5m from ...
Shelf Drilling lands first Dutch North Sea deal Dubai-based jackup rig operator Shelf Drilling has secured its first contract in the Dutch North Sea, landing a deal with Tenaz Energy for a one-year firm term, with an option to extend to three years. The Oslo-listed company, set to be acquired by Saudi oil and gas driller ADES for $380m, said the contract for ...
Genco confirms Japanese capesize swoop US-based dry bulk owner Genco Shipping & Trading has confirmed its return to the secondhand market with the acquisition of a modern Japanese-built capesize. The John Wobensmith-led outfit, with currently 16 capes out of 42 bulkers in its fleet, has picked up a 2020 Imabari-built, 182,000 dwt scrubber-fitted vessel for $63.5m Last month, Splash reported ...
New Greek player Carlova Maritime signs up for VLCC newbuild in Korea New Greek outfit Carlova Maritime has made its first newbuilding move with an order for a VLCC at South Korea's Hanwha Ocean. The Athens-based company has revealed a contract for one VLCC newbuild, with delivery expected in the fourth quarter of 2027. Launched earlier this year as the successor to the historic Samos Steamship, which ...
Houthis send threatening warnings to 64 shipowners Yemen's Houthi rebel group has issued formal warnings to 64 global shipowners, signalling a new phase in its campaign against Red Sea shipping. The notices, described as "pre-penalty" warnings, accused the targeted shipowners of violating a self-proclaimed blockade of Israeli ports, stating that these fleets are now "prohibited from transiting the Red Sea, Bab al-Mandab ...
Golar firms up 20-year FLNG unit hire in Argentina Floating liquefied natural gas (FLNG) specialist Golar LNG has announced that Southern Energy has reached a final investment decision for the charter of Golar's 3.5 mtpa MK II FLNG. This firms up the agreement signed by the two companies in May this year. The unit will be chartered for 20 years, with a price tag ...
Seadrill rig pair hired for drilling programs in the US Gulf of Mexico Offshore rig owner Seadrill has revealed in its fleet status report that two of its rigs have won new contracts in the US Gulf of Mexico. The 2013-built drillship West Vela was awarded a two-well contract by Talos Energy. The 90-day term is set to begin in mid-November 2025. The rig is currently working for ...
Trump slaps India with new tariffs over Russian crude ties US president Donald Trump has signed an order imposing an additional 25% tariff on goods from India, in response to the country's continued imports of Russian energy, the White House said on Wednesday, a move that could reshape the global tanker trades. The decision came hours after talks between the US and Russia over the ...
Star Bulk clears out more supramaxes in ongoing fleet overhaul Greek dry bulk heavyweight Star Bulk Carriers has offloaded more vessels, continuing its steady push to trim older tonnage from its fleet. The Nasdaq-listed Athens-based company confirmed in its second-quarter earnings report it had agreed to sell a mix of supramaxes and one kamsarmax bulk carrier. The vessels include Star Nighthawk, Star Runner, Star Danai, ...
Yinson Production buys out $409m FPSO loan from Brava Energia Singapore-based floater owner and operator Yinson Production has bought out the project loan related to FPSO Atlanta from Brazilian oil and gas player Brava Energia. At the time of the completion of the transaction, the principal amount outstanding under the project loan was approximately $408.8m. Yinson Productions paid for it a total cash consideration of ...
Shelf Drilling jackups win work in Asia Oslo-listed jackup rig player Shelf Drilling has won one short-term contract and one extension for its rigs. The 2007-built Shelf Drilling Enterprise has secured a contract for one firm well in Vietnam, with an estimated duration of three months from an undisclosed customer. The rig recently completed its previous campaign in Thailand in late July, ...
Grey fleet grows faster than enforcement can keep up The growth in the number of sanctioned ships has accelerated over the past year. Analysts at Kpler have been tracking the sanctioned fleet over the past five years. The count of vessels under sanction rose from about 370 in July 2020 to roughly 1,650 by July 2025, while the number of affected companies increased from ...
COSCO celebrates landmark green ammonia bunkering operation Sinobunker, a COSCO subsidiary, has completed the world's first green ammonia bunkering operation. The operation took place at COSCO Shipping Heavy Industry's Dalian terminal on July 25. The green ammonia used in this bunkering operation was entirely produced with renewable electricity, and received certification from Bureau Veritas. "This zero-carbon green ammonia bunkering operation is more tha
When is a seafarer not a seafarer? Steven Jones, founder of the Seafarers Happiness Index, writes about the growing concern of riding squads. It sounds like the start of a lame dad joke, and in many ways, it is. But the answer is far less amusing: when they're aboard as part of a supposedly temporary ...
Houthi-held Hodeidah and Saleef ports still reeling from July air strikes New arrivals into the Houthi-held ports of Hodeidah and Ras Isa have fresh lows following Israel's air strikes in July...
Contships hails 'historically tight' feeder market Nikolas Pateras-led containership owner sees 'positive' market outlook despite geopolitical disruption and risks
China- and Greece-linked vessels dominate last month's Bab el Mandeb transits Houthis say 64 owners have been notified over so-called sanctions violations regarding Israel naval blockade, threatening to attack vessels within...
Supply signs bode well for tankers, says International Seaways International Seaways says fundamentals are in place for a combined tanker upswing in the next four years, with the 800...
Supply chains adapting to rise of Chinese brands, not just tariffs, says Maersk chief 'It would be a mistake to believe that supply chains will return to where they were,' said Maersk chief executive...
Star Bulk ups share buybacks and reiterates longer-term faith in dry bulk US-listed, dry bulk giant sells another eight bulkers as sale proceeds are funnelled towards share repurchases and debt prepayments
First-half box volumes hold strong despite June dip and tariff turbulence Global container shipping posted a resilient first half in 2025, with volumes up 4.5% year on year, despite a June...
H&M insurers poised for return to profitability, Gallagher argues Sudden shift in fortunes on the cards as market discipline kicks in following string of big losses
Cosco completes world's first green ammonia bunkering Cosco has called the operation a 'transformational leap' for China's shipping sector and more than just an 'industry breakthrough'
Genco posts second-quarter losses but continues capesize investment Acquisition of the capesize will see Genco's fleet rise to 43 vessels, taking its investment in the largest-sized segment to...
The Daily View: Plunging Suez Canal revenues are down to the Houthis, not marine underwriters
Maersk raises 2025 guidance on strong quarterly results despite geopolitical and rate pressures Maersk raised its full-year guidance after strong second-quarter results, though analysts warn of freight rate declines and overcapacity challenges in...
Yangzijiang profit surges 37% but new orders plunge as shipbuilding market wobbles Yangzijiang is progressing with its Yuan3bn Hongyuan new shipyard project set for completion by the end of 2026 and first...
Daily Briefing Egypt urges marine underwriters to cut 'elevated' Red Sea premiums | Eswatini wants to take on the fake ship registers...
New Jersey's proposed worker classification rule hangs over port truckers The new rule, a second attempt at requiring the so-called ABC test for workers in the state, has drawn opposition from multiple groups, with port trucking among the affected industries.
New and faster intermodal services put BNSF, UP on hunt for truck freight Shippers stand to benefit on lanes where both western US railroads are vying for market share.
Chinese brand expansion changing 'fabric' of global trade: Clerc Globalization is accelerating on the back of the commercial success of Chinese companies that are taking market share on the global stage, according to the Maersk CEO.
High Gemini reliability lays groundwork for premium rate discussions: Maersk CEO Vincent Clerc said while the solid on-time performance levels had to be maintained before any commercial discussions would be held with customers, the time was coming.
Genco Shipping still hot on capesize sector after $63.6m splash Transaction under new revolving credit facility will edge up shipowner's small debt load
Cheniere Energy set on building out maximum LNG capacity to produce over 100 mtpa Chief executive Jack Fusco says company is moving at 'full speed ahead' on its projects
Putin and Trump plan to meet as US president threatens to extend Russia trading penalty to China Trump says 'a couple of countries' that trade in Russian oil could face penalties
Greek tanker ships first Russian naphtha cargo to Vietnam Putin administration continues to seek new markets for vital export revenue
Marcura swoops on cruise sector payroll firm in third acquisition this year Move expands tech company's access to cruise sector
Car carriers face confusion on 'stacking' and timeline in US-Japan trade deal Lowering of tariffs agreed last month seems to have been missed out of paperwork
Darrell Crate's Easterly Clear Ocean plots move into bulkers with new $250m-plus fund US player also eyeing more offshore ships and tankers as it diversifies
Doubling suezmax rates in West Africa prompting charterers to size up Suezmax rates in Africa have shot up by 94% week on week
'There is a new driver in container demand', says Maersk boss Vincent Clerc Despite talk of deglobalisation, the data from China tells a different story, Maersk boss believes
Sallaum Lines targets China's carmakers with early first-ever newbuilding and Shanghai office Ship with 7,500-ceu capacity delivered four months early
Contships sees positive feeder market on back of intra-regional trade growth Profit in first half fell to $19.4m
Expanding European sanctions herald unexpected consequences Unity, clarity and conviction promised by G7 countries in 2022 has dissolved
'Greek buying signal': Why shipping investors must be alive to fresh opportunities This week's Streetwise takes a look at financier James Lightbourn's view on why the industry is stuck
US owner Seacor Marine banking $76m in double offshore ship sale New York-listed owner says two liftboats heading to Nigeria in deal with JAD Construction
Axpo notches up bio-LNG first in Spain as its second newbuilding takes shape Operation is 'just the beginning' as Swiss company is dedicated to expanding its portfolio
Greece's Signal says aframax pool beating rivals by $2,800 per day as it seals long-term charter Commercial operator says strong momentum has continued this year
Axpo notches up new bio-LNG first in Spain as its second newbuilding takes shape Company head of small-scale LNG says this is 'just the beginning'
Houthis warn 64 shipowners to swerve Israeli or face 'consequences' Militants say companies have ignored their demands over port calls
North Star signs for up to four newbuildings as it seals biggest ever charter UK owner picks Vard for new CSOVs
Pacific Basin bulker earnings fall as company braces for USTR impact First six months were lower year on year, but operating margins remain firm
Premuda launches 'new wave of fleet renewal' with $100m backing from ING Genoa-based company gets financial support for fleet growth and management buyout
Blacklisted tanker moves petrol cargo for sanctioned refiner Nayara Energy's exports have been complicated by EU measures
Intercargo and GCMD to team up on boosting fuel-saving tech on bulkers Two-year agreement will promote pay-as-you-save financing model
United Maritime confirms profitable capesize sale as earnings rise Bulker owner also seeing interest from charterers in new offshore vessel
Intercargo and GCMD agree to work on boosting fuel saving tech on bulk carriers Two year agreement will promote GCMD pay-as-you-save financing model for fuel saving tech
Hanwha Shipping reveals role as linchpin 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
Maersk stock jumps after 'surprisingly strong performance' Analysts see an upgrade on the back of strong guidance
Top Ships adds experienced banker Maria Zoupou to board Evangelos Pistiolis company says newcomer replaces Captain Stavros Emmanuel
Tanker seized by Iraqi forces over alleged fuel smuggling Unnamed ship intercepted in territorial waters
UK is plotting attacks on shadow fleet tankers, Russia claims Intelligence agency says 'accident' could be staged to create conditions for emergency inspections of ships
Houthis warn 64 shipowners to swerve Israeli or face 'consequences' Militia says shipping companies have ignored their demands over calling at Israeli ports
Star Bulk ship sales roll on as profit collapses and new loan fixed Greek owner reveals more disposals but squeaks into the black after revenue plummets
Maersk hikes profit guidance as it upgrades outlook for global container market Market growth revised up to between 2% and 4%
Trump hits India with additional tariffs for Russian oil imports in bid to punish Putin US administration opens door to action against other importers of Russian oil
Eastern Pacific inks $680m order for up to 18 feeder container ships Company secures employment contracts from CMA CGM for geared boxships
Yangzijiang inks fewer newbuilding deals, despite record high earnings for first half of 2025 Yard is confident of securing contracts to fill up 2028 and 2029 slots
Argentina's Southern Energy signs up to 20-year charter on Golar LNG's largest FLNG Golar's first 3.5-mtpa Mk II conversion set to bring in $400m per year in hire payments
HMM poised to splash $2.1bn on 12 container ships in strategic expansion Asian liner giant is said to have chosen LNG fuelling for the 13,000-teu newbuildings
Rebranded ex-Landbridge shipowner Huwell Group builds bulker fleet and eyes tankers Chinese shipowner aims to diversify its fleet and investor base after cutting ties with Landbridge group
Savannah containers post best FY since pandemic Georgia ports moved the most containers in a year since 2022.
Maersk raises guidance on higher Q2 volumes Maersk revised its full-year forecast upward on "resilient demand"
Cargojet navigates tariff turbulence, maintains revenue growth Cargojet posted unspectacular results for the second quarter, but analysts considered that good because of the global trade uncertainty caused by new U.S. tariff policies.
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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