Viking claims hydrogen-powered cruise ship world first for Viking Libra Viking (NYSE: VIK) and Fincantieri today announced details of the Viking Libra, the world's first hydrogen-powered cruise ship, capable of operating with zero emissions. They also announced that contracts have been signed
Stockholm to increase Candela P-12 foiling ferry service The world's first electric hydrofoil ferry to enter public service, the Candela P-12 Nova is set to return to the waters of Stockholm on April 15 after the ice season. Candela P-12
HII in MOU with HD Hyundai HII (NYSE: HII) and South Korea's HD Hyundai Heavy Industries (HHI), two of the world's largest shipbuilders, signed a memorandum of understanding (MOU) on April 7. Under the MOU, which was signed
IMO's carbon charging will raise the cost of shipping The International Maritime Organization (IMO) will debate what could prove to be pivotal advances in its decarbonisation strategy, which could see the price of fuels rise substantially as industry cries out for a carbon pricing mechanism to fuel the green transition. This week's 83rd Marine Environment Protection Committee (MEPC) will focus on carbon charging and whether the charge should be focu
Grimaldi Group orders nine Ro-Pax vessels As part of its fleet expansion and renewal program, the Grimaldi Group has commissioned the construction of nine Ro-Pax vessels from China Merchants Jinling Shipyard (Weihai), a China Merchants Group company. The agreement for these cutting-edge new builds, worth a total of US$1.3 billion, was signed on 8 April in Hong Kong. The nine new ships will be equipped with engines capable of running on m
Kalmar enhances production capabilities at Shanghai facility Finnish port equipment manufacturer Kalmar has announced the expansion of its global delivery capability with startup of electric empty container handler and heavy forklift truck production at the Shanghai facility. Kalmar has begun production of its electric empty container handler and heavy forklift truck at the company's Shanghai manufacturing facility. The production launch will be marked by
2025 Process Orchestration Trends See what 800+ IT leaders say about orchestration challenges-and where automation is headed next.
Adani Ports launches operations at Colombo West International Terminal Adani Ports and Special Economic Zone (APSEZ) has initiated operations at the Colombo West International Terminal (CWIT), located at the Port of Colombo in Sri Lanka. The terminal is operated by a consortium of India's major port operator APSEZ, Sri Lanka's John Keells Holdings and the Sri Lanka Ports Authority, based on a 35-year contract as stated in a recent exchange filing. The terminal, repr
Berbera Port: A beacon of strategic importance in Sub-Saharan Africa As Somaliland's Berbera Port continues to develop under the auspices of significant international partnerships and investments, its role in shaping the geopolitical landscape of Sub-Saharan Africa and beyond remains indispensable. In 2023, Berbera Port in Somaliland was recognized as the best port in Sub-Saharan Africa, according to the latest World Bank report
Port of Brunswick breaks RoRo cargo record The Port of Brunswick handled an all-time record of 91,360 units of Roll-on/Roll-off cargo in March, up 18% from the same month last year. "More manufacturers are making Colonel's Island a main hub for the global trade of autos and machinery," said Georgia Ports Authority (GPA) President and CEO Griff Lynch. "Brunswick's central location in the fast-growing US Southeast market and unmatched capac
Port of Zeebrugge records new depth record Belgium's port of Zeebrugge reached a new milestone on 8 April with the arrival of the 23,656 TEU MSC Mina. The container vessel, measuring 400 meters in length and 61 meters in width, docked at the CSP Zeebrugge container terminal with a draft of 16.40 meters below sea level. This sets a new record for the port, surpassing the previous record of 16.30 meters, established in July 2024 by Ever Gre
Regional differences in pricing strategies Market research shows companies implementing regional pricing strategies increase revenue by 15-27% compared to fixed global pricing. Geographic variations drive significant value perception differences, with pricing elasticity varying up to 400% between metropolitan vs. rural locations. Companies serving diverse markets require systematic price monitoring across territories, as a strategically p
Maersk revises peak season surcharge from Asia to Africa Danish container carrier Maersk is revising the Peak Season Surcharge (PSS) for shipments from China and Hong Kong to Kenya and Tanzania's port of Dar Es Salaam. The following surcharge will be effective from 21 April. Origin Destination Currency All 20 containers All 40 & 45 containers China/ Hong Kong China Dar es Salaam US$ 750 1,050 China/ Hong Kong China Kenya US$ 900 1,100 If you liked this
Boxship chartering interest turns to feeder vessels With almost all larger boxships having been snapped up in the charter market, shipping lines are turning their attention to the smaller ships
Bidding opens for energy products pipeline at Panama Canal The Panama Canal Board of Directors has authorized the launch of a bidding process for the development of a new pipeline for the transfer of energy products. The new pipeline is expected to complement operations in the interoceanic waterway. This complementary activity will be incorporated into the sustainable development of the Panama Canal's West Bank route, which includes activities and altern
Maersk and OCP Group strengthen cooperation with new MoU OCP Group, through its Specialty Products & Solutions (SPS) Strategic Business Unit, and Maersk have signed a Memorandum of Understanding (MoU) to strengthen their long-standing collaboration and jointly advance innovative, resilient, and sustainable supply chain solutions. This long standing partnership between the two companies is now focussing on delivering agile, digitalized, and sustainable
AD Ports inks 10-year lease agreement with TW Steel AD Ports Group signed a 10-year lease agreement with TW Steel, a provider of prefabricated structures to deliver innovative containerised fabrication solutions, container maintenance and repair services at Khalifa Port. These solutions and services are expected to bring flexible and sustainable solutions tailored to the specific needs of shipping lines and container operators at Khalifa Port, who
Steel imports on unprecedented tear at Port of Liverpool Peel Ports Group has outlined its strategy to transform the Port of Liverpool into a premier global steel hub following a standout year for bulk steel imports in 2024, with a record 702,000 tonnes processed at the site. This achievement exceeds the previous record by over 50,000 tonnes and comes on the heels of substantial infrastructure investments by Peel Ports Group aimed at enhancing its supp
Strong 2025 kickoff for Port of New York and New Jersey The Port of New York and New Jersey reported 699,240 TEUs in February, translating to a 10.6% increase compared with the same month last year. In the first two months of the year, the US port has handled 1,419,987 TEUs. Imports rose by 7.4% in February, totaling 356,918 TEUs, with total imported loads for the first two months of 2025 reaching 735,550 TEUs, a 9% growth year-on-year. The Port of Ne
Folk Maritime buys its second owned container ship Saudi container shipping company Folk Maritime Services Company announced the official purchase of its second owned vessel, Folk Jazan. The boxship has already been deployed on the carrier's routes throughout the Red Sea and the Arabian Gulf. "The acquisition of Folk Jazan is a pivotal step in our strategic growth," pointed out Poul Hestbaek, CEO of Folk Maritime. "This vessel not only expands ou
ZIM secures long-term charter deals for ten LNG vessels Israeli ocean carrier ZIM has announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with a total charter hire consideration of approximately US$2.3 billion. Seven of the vessels will be chartered to ZIM by Containers Ventures Holdings Inc., an affiliate of the TMS Group, and three will be chartered to ZIM by a shipping compan
GEODIS launches reverse logistics service at Spanish facility Global transportation company GEODIS offers a new reverse logistics service at its site in Torija, Spain. The 55,000m² warehouse includes 3,000m² dedicated to reverse logistics. The site is designed to handle large volumes of XL product returns, such as household appliances. With the rise of e-commerce, the increase in product returns has significantly grown, according to GEODIS, highlighting the
Maritime Security Conference: Weaponised Commercial Shipping amid Increased Volatility A Maritime Security Conference, held in Athens, Greece, and organized by Greece's Foreign Affairs Institute in collaboration with the University of Piraeus and the Mackinder Forum, captured significant attention with its insightful discussions. The conference centered around the theme of increasing volatility in global trade, emphasizing the emerging reality of commercial shipping being weaponize
How Much Would Major Ocean Carriers Have Paid if Chinese-Built Vessel Fees Were Implemented in 2024? The global tariff shock caused by the Trump Administration's policies may soon be followed by a significant new package of fees targeting Chinese-built or Chinese-flagged vessels. According to a draft executive order, the United States is reportedly considering imposing docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels. While there i
China retaliates against US tariffs escalating trade war On 4 April, China announced a 34% tariff on all US goods, coupled with export controls on critical rare earth minerals and the addition of 11 US entities to its "unreliable entity" list, marking a significant escalation in the US-China trade war
Exploring The Intersection of Agriculture and Shipping in Modern Logistics: Innovations & Challenges Photo by Tom Fisk on Pexels As global demand for food continues to rise, the connection between agriculture and shipping has never been more critical. We're witnessing a fascinating transformation in modern logistics, where efficient transportation plays a key role in ensuring fresh produce reaches consumers swiftly and safely. This intersection not only impacts our food supply but also influence
How Used Subsite Locators Are Supporting Smarter Port Infrastructure Projects As global trade volumes continue to surge, ports around the world are under mounting pressure to expand capacity, upgrade facilities, and modernize infrastructure. From container terminal expansions to intermodal facility upgrades, today's port construction projects are more complex, time-sensitive, and technologically demanding than ever before. In this high-stakes environment, precision and saf
Euroseas seals long-term boxship charter at bumper rate Greek containership owner Euroseas has bagged an improved long-term charter contract for one of its feeder vessels. The 2024 HD Hyundai Mipo-built 1,800 teu Monica has been fixed for two years plus two months of options at 23,500 per day - up from $16,000 the ship is earning under its current one-year deal. "Despite the ...
Stena Drilling drillship wins more work off Suriname Stena Drilling, the Aberdeen-based business of Sweden's Stena, has won a contract for one of its drillships with subsidiaries of Shell in Suriname. The contract for the campaign was awarded to the 2008-built Stena DrillMax drillship by Shell subsidiaries KE STP Company and BG International. The deal is expected to begin in the second half ...
World's largest suction sails installed on juice carrier Spanish suction sails developer bound4blue has installed the world's largest suction sails to the Wisby Tankers-owned, 2014-built Atlantic Orchard juice carrier, currently under charter by Louis Dreyfus. The four 26-meter high eSAILs were installed in under a day per unit during the vessel's 10-year survey at Astander Shipyard in Spain When sailing, the vessel - ...
Liners draw up defensive measures in their armoury to fight Trump's tariff war Global container growth is set to head into a hard reverse this year on the back of the tariff war initiated by Donald Trump, the American president, which is already seeing noticeable cargo booking cancellations in Asia. In a post on his social media platform Truth Social on Monday, Trump threatened to impose an additional ...
Marinakis readies $1.6bn boxship series in South Korea Greek owner Evangelos Marinakis is lining up a series of containership newbuildings in South Korea worth nearly $1.6bn. Shipbuilding sources in Greece report that Marinakis-led Capital Maritime has secured slots at HD Hyundai Mipo for 14 ships and six more at HD Hyundai Samho. HD Mipo Dockyard is set to build six scrubber-fitted 1,800 teu ...
ADES renews suspended jackup deal for 10 years Saudi oil and gas driller ADES has signed a contract renewal for one of its standard offshore jackup rigs previously suspended by Saudi Aramco. The company renewed the contract for the yet undisclosed rig for a firm duration of ten years, which adds significant long-term revenue visibility and backlog sustainability. The deal is estimated to ...
Geneva Dry Dialogues: Hempel Nic Lawrence, global business development manager of marine dry bulk at coatings giant Hempel, is one of many delegates who is especially looking forward to the return of the Dry Decarbonisation panel later this month at Geneva Dry, the world's premier commodities shipping conference. The session has been designed to shine a light on the ...
Dolphin Offshore pens lease deal for accommodation barge India's oil and gas service provider Dolphin Offshore has entered into a lease agreement for an accommodation barge with Ballast Shipping. The Prabha DP2 accommodation barge, previously known as the Vikrant Dolphin, was hired from Beluga International for a period of three years. According to available information, the total estimated value of this agreement is ...
Gulf Marine Services clinches new vessel deal London-listed liftboat operator Gulf Marine Services (GMS) has won a contract for one of its large-class vessels in the Gulf Cooperation Council (GCC) region. The new contract will last 142 days and will see the vessel continue to support critical offshore operations in the region. The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and ...
Alberta seals first baby cape deal of the year Nicholas Inglessis' Alberta Shipmanagement has made a rare sale and purchase move, snapping up its first baby cape, also the first reported baby cape sold this year. According to brokers, the 118,000 dwt Jubilant Devotion-a Japanese-controlled, scrubber-fitted bulker built in 2016 at Sanoyas Shipbuilding fetched $26.5m. It marks the second bulker deal in a row ...
Why we need a global levy on international shipping James Mnyupe, presidential economic advisor and head of the Namibian Green Hydrogen Program and Cynthia Kariuki from the Africa Green Hydrogen Alliance Coordination Office, give Splash readers the African take from this week's crucial green talks at the London headquarters of the International Maritime Organization. African nations suffer disproportionately from the devastating impacts of climate
Skarsgard quits Belships Lars Christian Skarsgård has resigned as CEO of Belships after six years in charge of the Norwegian dry bulk company. The decision comes after US asset management firm EnTrust Global completed its takeover of Belships, delisting it from the Oslo Bors, and shuffling the board of directors. The new chairman of the board, Ivar Hansson ...
Chinese operator of Darwin port faces the boot Australia plans to scrap a Chinese company's lease on Darwin port. The port concession in the far north of the country has become an election issue with both the government and the opposition vowing to buy back the port from its 99-year lease to Landbridge, a $370m deal that was signed 10 years ago. The ...
Human Rights at Sea charity closes down At a time when seafarer welfare is being brought into question more and more, one NGO that has fought for better conditions at sea has been forced to close down. The UK's Human Rights at Sea (HRAS) charity, founded 11 years ago by David Hammond, is closing as a sustainable funding and operating model cannot ...
USTR signals that port fees are coming but plan will be changed Trump's tariffs, which go into full force after midnight on Tuesday, are only part of the problem for US trade...
Dry bulk to feel the force of Trump's 'wrecking ball' later in 2025 Shipbroker BRS said the market must now consider the possibility of a poor second half of the year as a...
Red Sea monthly transits jump despite heightened tensions Analysts warn US air strikes could push the Houthis to act unpredictably in the Red Sea
Ageing world fleet could mean 'silver tsunami' for underwriters, says Cefor Nordic trade association publishes annual report
Feeder boxship rate points to sector shrugging off tariff terror Euroseas' one-year-old 1,800 teu vessel sees significantly increased rate for two-year employment
China and India oppose making IMO DCS data public China and India have pushed back at proposed Marpol changes aimed at making IMO's ship fuel consumption data public, saying...
Norwegian hedge fund pulls out of Golden Ocean amid CMB.Tech takeover bid Sissener said it did not want to be part of a potential CMB.Tech and Golden Ocean merger and sold its...
Performance Shipping lines up FPSO conversion-linked deal for tanker Forward sale of 2009-built P. Sophia is contingent on buyer's success at April 2026 oil company auction for offshore project
US absent from MEPC meetings The US delegation hasn't turned up to the most important IMO climate talks yet held, leading to speculation about its...
Seafarers are disposable in shipping, says Human Rights at Sea founder Hammond said his 'naivety' when he set up the UN-consultant charity has been replaced by a realism that crew are...
Cosco Shipping reports strong earnings amid mounting US-China trade tensions Results come as escalating US-China trade tensions, including tit-for-tat tariffs, are fuelling concerns of a sharp downturn in container trade
South Korea's HD Hyundai partners with HII to boost US naval shipbuilding The partnership is expected to accelerate HD Hyundai's entry into the US market, positioning the company to benefit from rising...
US importers scrap Asian orders as tariffs derail transpacific contracts A deepening US-China tariff standoff is upending transpacific trade, triggering booking cancellations, stalling freight contracts, and raising stagflation risks as...
The Daily View: A state of paralysis ContainersPolitical Risk and TradeUnited States
Daily Briefing Trade war carnage won't sink shipping, says analyst eyeing new rally | Tariff turbulence poised to reshuffle VLGC trades |...
Trump tariff chaos restrains US truckload, LTL markets AFS Logistics and TD Cowen are forecasting a decline in truckload pricing and moderation in the LTL market as shippers and carriers alike navigate a new trade reality.
Vancouver still dealing with extended rail container dwell times Inclement weather, the lingering effects of labor disruptions and a January surge in imports contributed to the fifth consecutive month of excessive rail dwells at Canada's largest port.
Near-constant disruption giving new momentum to freight futures Risks in the containerized supply chain are only growing, and futures provide a potentially viable risk mitigation tool, writes Peter Tirschwell.
Cosco on course for big jump in first-quarter net profit The parent company of Cosco Shipping and OOCL expects a 72% increase in Q1 net profits, but the rapidly escalating trade war between the US and China is clouding its outlook for the rest of the year.
Tariff-linked export push fuels booking boost for India-USEC sailings The rush appears to be linked to shippers scrambling to sidestep a new 26% US import tariff on Indian goods due to kick in April 9, industry sources say.
Tariffs put relationship between vehicle manufacturers, carriers in spotlight Auto makers could be hit with compensation claims if they are unable to fulfill seaborne carrier contracts amid an expected downturn in US volumes.
China Merchants breathes new life into Qingdao Yangfan to boost yard capacity The move will help CMI expand its product portfolio to include standard large vessels
Trump's IMO bombshell: US pulls out of carbon talks with retaliation threat Diplomatic message opposes any economic measure to push shipping to decarbonise
Saudi Arabia's Aramco makes key move into LNG as it firms up NextDecade deal Volumes to be shipped free-on-board from Train 4 of Texan project
Shipping shares sink back as broader US stock market rally turns to losses Market seeks clarity around Trump's willingness to negotiate tariffs with some nations
How cruise industry leaders are navigating the volatility of Trump's America After Lutnick tax threat, cruise is 'telling its story' to Washington
Saudi Arabia's Aramco makes key move into LNG as it firm up NextDecade deal Volumes to be shipped free-on-board from Train 4 of Texan project
Shipbrokers weigh the impact of a Black Sea peace deal on grain exports Russian grain exports down 50% in first quarter, Ukraine sees 82% fall
Asia Pacific Shipping linked to sale of its only Chinese-built VLCC Owner had two VLCCs, one built in China and one in Japan
Grimaldi inks $1.3bn order for nine ropax vessels in China Series of methanol-ready ropax to be delivered between 2028 and 2030
Jinhui Shipping & Transportation insider buys more shares in the bulker owner But share price in Oslo continues to decline
Carsten Rehder sells out of container ships with disposal of brace to tonnage-hungry liner giants CMA CGM and MSC believed to be forking out $34m for two 1,700-teu vessels
Billionaire Torstein Hagen orders world's first hydrogen-powered cruise ship Fincantieri is building groundbreaking vessel for Viking
VLGC rates take a hit as Chinese tariffs close trading window Big gas carriers earning 18% less as trade wars take a toll
Will Russia seek multimillion-dollar compensation payout over major Kerch Strait oil spill? Two tankers broke up in fierce storms in the Kerch Strait in December, polluting Russian and Ukrainian coastlines
Silver tsunami of ageing ships brings claims pain, marine insurers warn Cefor warns of the impact of rerouting and an increasingly elderly global fleet
Sanctioned tanker transfers Russian oil after being barred from India The Andaman Skies finds way out of impasse caused by class certificate problem
Will Russia seek multi-million-dollar compensation payout over major Kerch Strait oil spill? Two tankers broke up in fierce storms in the Kerch Strait in December polluting Russian and Ukrainian coastlines
Panama to sue officials over CK Hutchison port deal Panama's Comptroller General claims 'irregularities' in 2021 renewal
Dimitris Procopiou linked to suezmax tanker quartet at Samsung Heavy Industries Centrofin is said to be behind order
Shadow fleet tanker scrapping floodgates could fly open if the US eases sanctions on Russia 'Conservative' estimates from BRS Shipbrokers say as many as 60 tankers could be scrapping candidates
Wartsila pumps $55m into shipping and energy research Marine solutions group wants to meet demand for sustainable innovations
Former Stena Bulk LNG carrier moves into Russian trades Gazprom-controlled vessels also switch names
Newcomer Folk Maritime buys container vessel as it extends shipowning drive Growing feeder and regional liner operator says purchase reduces dependency on chartered vessels
Tanker rates rise as court clears more loadings at Russian Black Sea terminal Crude pipeline company had been ordered to close down two mooring points
MPC Container Ships upgraded as DNB sees upside potential after sell-off Target price set to NOK 14.90 compared with net asset value of NOK 33.50
Tariffs, turmoil and fragmentation: How Trump's trade bomb spells trouble for shipping Broker warns that even shielded sectors may feel the pain
Tankers could see wave of M&A and buy-backs after 'excessive' stock market reaction Pareto says 'unsustainable pricing' may trigger full take-private moves
Frontline boss Lars Barstad sees pay jump in weaker year for tankers Main shareholder John Fredriksen also took home more for his role on the board
Biggest ever suction sails fitted on juice tanker on charter to Louis Dreyfus Groundbreaking installation took place at Astander Shipyard in Spain
'Boosting confidence': Cosco snaps up $95m stake in VLCC giant Cosco Shipping Energy Chinese state tanker titan says it has a firm belief in its prospects despite headwinds
Herbjorn Hansson flaunts confidence in Nordic American Tankers with share buy Founder insists company is 'in a very strong position' despite tariff fears
HD Hyundai Heavy Industries teams up with US shipbuilder HII Companies will work together on commercial and naval ship production
Has Zim been too reckless in sealing $2.3bn charters for Economou and Ofer newbuilds? Fearnley Securities argues for a more cautious approach
Court blocks 'dodgy' transfer of offshore operator's shares as complex legal dispute rumbles on Judge describes Alphard Maritime as being 'ambushed' by company that agreed to sell SBM services company
NYK completes mammoth $886m share buy-back drive after a year of deals Giant Japanese shipowner will cancel shares amounting to 5.8% of its outstanding stock
'Boosting confidence': Cosco snaps up $95m of VLCC giant CSET's shares Chinese state tanker titan says it has a firm belief in its prospects despite headwinds
'With a heavy heart': Seafarer rights charity closes due to lack of funding Human Rights at Sea could not find ways to finance its work
'Not about the money': Pacific Islands draw red line on carbon pricing at IMO crunch meeting The carbon levy is dead. Long live the levy
NCL clears the decks of older cruise ships with four exit deals US-listed cruise giant charters two ships to Indian cruise operator and two to residential cruise start-up
Norwegian hedge fund exits Golden Ocean after CMB.Tech takeover and follows Fredriksen cash Sissener Canopus buys into New York-listed Star Bulk alongside Norwegian tycoon and Himalaya Shipping
Performance Shipping lines up tanker sale for FPSO conversion Asset play hinges on potential, third-party buyer winning offshore project
BW LPG launches $20m share buyback as stock trades at 'significant discount' CEO sees discount to both implied historical asset values and net asset value
Shipping waits in limbo as China threatens to fight US tariffs 'to the end' Analysts say impending tariff wars are creating 'uncertainty on top of uncertainty'
'It's our shop now,' say Tufton trio as they target takeovers after management buyout Controlling shareholders of UK investment manager have big plans and plenty of skin in the game
'Healthy levels': Euroseas scores higher rate for modern feeder ship Aristides Pittas sees limited vessel supply for container ship operators
Asian markets claw back losses despite escalating tariff threats between US and China However, Taiwanese markets continue to take a beating
Court blocks 'dodgy' transfer of offshore operator's shares as complex legal dispute rumbles on Judge describes Alphard Maritime as being 'ambushed' by company that agreed to sell SBM services company
NYK completes mammoth $886m share buyback drive after a year of deals Giant Japanese shipowner will cancel shares amounting to 5.8% of its outstanding stock
How shipowner John Su saw global tension simmering and cut his fleet to suit Erasmus believes smaller vessels will better suited to navigating trade wars
Express logistics providers bet big on health care business DHL said a major new investment will help double revenue for health care logistics by 2030 while FedEx says its technology enhancements are bringing in a surge of new health care customers.
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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