Pherousa marks a milestone on its path to a zero-emission ultramax Oslo-headquartered Pherousa SA has moved a step closer in its plans to build a series of zero-emission hydrogen-fueled 64,000 dwt ultramax bulk carriers. In a ceremony at last week's Nor-Shipping event, ABS
Port of Long Beach appoints new managing director of engineering services The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced his retirement earlier this spring. Plezia has served as the Port's Senior Director of the Engineering Services Bureau and Chief Harbor Engineer since April 2017. In her new role, Plezia will lead the Port's Engineering Bureau, which encompa
DP World and J.P. Morgan launch partnership DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade finance gap and supporting smoother trade flows through shared-risk financing models. The partnership targets the US$2.5 trillion shortfall in global trade finance, a critical barrier limiting the growth of international trade and hindering
Red Sea shipping traffic rebounds as Houthis limit targets Red Sea maritime traffic has increased by 60% to approximately 36-37 vessels per day since August 2024, as Reuters reported. However, it still falls short of the pre-crisis levels recorded before Yemen's Houthi movement began targeting commercial shipping in the region, according to Rear Admiral Vasileios Gryparis, commander of the EU's Aspides naval mission. Gryparis explained that vessel number
CMA CGM applies new surcharge from Far East to West Africa French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong & Macau to West Africa Central Range (Nigeria, Côte d'Ivoire, Benin, Ghana, Togo and Equatorial Guinea) and South Range (Angola, Congo, DRC, Namibia, Gabon and Cameroon). The surcharge of US$1,200 per TEU will be effective from 15 June and will apply to d
China to counterbalance Panama setback through South America projects As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison from the Panama Canal area, amid growing US pressure, signals a strategic loss for Beijing in one of the world's most vital chokepoints. Yet, in a swift geopolitical countermove, China is advancing an ambitious infra
PIL christens new 8,200 TEU boxship Pacific International Lines (PIL) named its latest 8,200 TEU LNG dual-fuel container vessel, Kota Ocean, at the PSA Terminal in Singapore. The vessel was named by Ho Ching, Chairman of Temasek Trust, and is the sixth LNG dual-fuel vessel in PIL's fleet. Kota Ocean is also the second in a series of four 8,200 TEU LNG dual-fuel container vessels, designated as "O" Class, that the company is buildin
Singapore authorities away grounded containr barge Authorities in Singapore have towed away a container barge that ran aground off the resort island of Sentosa this morning (6 June)
Zodiac's car carrier still burning, tugs to arrive on 9 June Zodiac Maritime has appointed Resolve Marine to carry out salvage work on its burning car carrier, Morning Midas. In a press statement released on 5 June, the UK-based Zodiac said: "A first tug carrying a team of salvage specialists and specialised equipment has already been mobilised and is expected to arrive at the scene on approximately 9 June. There, it will assess the vessel's condition and
GSTS expands in Europe with world's first AI-powered collaborative optimisation solution Global Spatial Technology Solutions (GSTS), a maritime AI company, has announced the expansion of its solution offerings to European markets. GSTS has recently established an office in the United Kingdom and has a growing presence in the Mediterranean, Middle East, and Asia Pacific regions. This is the next step in the expansion of GSTS' proprietary OCIANA® platform, which enables direct engageme
Capesize S&P activity drops around 48% Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and asset values for the Capesize segment. The data visualisations underscore the importance of tracking orderbook activity as a key driver of future fleet supply. This supply, in turn, directly impacts earnings pote
Shandong Ocean Shipping taps Hengli Heavy for bulker pair Shandong Ocean Shipping Group is making strategic moves to bolster its dry bulk fleet by tapping into the domestic shipbuilding market. The maritime logistics subsidiary of Shandong Port Group has selected Hengli Shipbuilding for the construction of two 95,500 dwt vessels. The total value of the deal stands at CNY548m (around $76m), with Hengli likely ...
Historic surge on the transpacific buoys liner profits Drewry's weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief trade detente between the world's two largest economies, the US and China. Rival spot index, the Shanghai Container Freight Index, ...
Red Sea shipping rebounds 60% as Houthi attacks decline The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU's Aspides naval mission. Gryparis told Reuters that the uptick in merchant shipping ...
Modec and Carbon Clean team up on FPSO carbon capture Floater expert Modec has signed a memorandum of understanding with Carbon Clean Solutions for the development and deployment of FPSO-based offshore post-combustion carbon capture technologies. The agreement seeks to accelerate the deployment of Carbon Clean's onboard carbon capture solution for Modec-designed FPSOs. The work under the deal will take Carbon Clean's rotating packed bed CycloneCC ...
Dutch firm orders MPV for subsea and renewables work Dutch-based firm Van Wijngaarden Marine Services has signed a letter of intent with the Kooiman Marine Group for the design and construction of a next-gen DP2 multi-purpose vessel (MPV). The vessel will have a diesel-electric hybrid propulsion system with the latest IMO Tier III emissions and ultra-low emission vessel compliance. The yet unnamed 47m MPV ...
Eni gives more work to Ventura Offshore's semisub The Indonesian arm of Italian energy major Eni has exercised a well option for one of Ventura Offshore's rigs. Ventura said that Eni Indonesia exercised the first of four optional wells in Indonesia for the 2012-built semisub SSV Catarina. The exercise of this first optional well is expected to keep the rig utilised into the ...
Allseas turns to nuclear power for offshore fleet Marine construction specialist Allseas has launched a five-year plan to design, develop, and deploy a small modular reactor tailored for both offshore vessels and onshore use. Both uses have their benefits, as nuclear offers energy density with zero emissions and a stable, scalable power supply. Onshore, SMRs can ease grid pressure while providing consistent, carbon-free ...
Salvors unable to reach fire-stricken Morning Midas until Monday Efforts to bring the fire-stricken Morning Midas under control are facing a significant delay, with salvage teams not expected to reach the drifting vessel until Monday, nearly a full week after the crew abandoned ship. Zodiac Maritime, the manager of the Liberian-flagged car carrier, confirmed that it has appointed Florida-based Resolve Marine to lead the ...
Resilience, accountability, agility: the case for small independent dry bulk operators Sagitta Marine managing director Thomas Zaidman argues why smaller shipowners are a necessary force - not a risk - in the market. The recent Geneva Dry conference saw shipowners converge in huge numbers to listen to panels on many matters of interest to the market across two days. Among them, the risk management workshop raised ...
Digital efficiency drivers on land Maritime tech experts discuss how to make sure ships spend less time in port in the latest installment from Ship Concept 2035, our brand new magazine. Any holistic report into how ships will operate in the future such as our brand new magazine, Ship Concept 2035, needs to look at the ports side of the ...
US targets sprawling 'shadow banking' network linked with Iranian oil shipments After a short period of relative quiet on the 'maximum pressure' front, the US has slapped fresh sanctions on a...
Owners installing more scrubbers despite months of weak fuel spreads The buoyant newbuilding market has equated to even more scrubber installations, but there is also a surprisingly high number of...
Iran gas shipments to China plow on despite increased scrutiny Amid the Trump administration's 'maximum pressure' campaign on Iran and signals from regulators of increased scrutiny of its non-crude exports...
Race is on to save Zodiac Maritime vehicle carrier as big ro-ro ship infernos mount up Of the serious fire incidents on board large ro-ro vessels in the past 10 years, six ships were declared as...
Global container volumes continue to surprise Global container trade maintained steady growth in April, following a record-breaking March, as the industry continues to defy forecasts for...
Allianz Commercial leads hull slip on burning car carrier Morning Midas entered with Steamship Mutual for P&I cover
UK Shipping is $64bn boost to national economy, argues Chamber Maritime London rejects Fredriksen claim that Britain has 'gone to hell' as a base for owners
What's keeping shipping awake at night? Five key takeaways from Nor-Shipping 2025 The View from Oslo this week finds shipping executives bullish in the face of geopolitical turmoil, stoically sailing into a...
SIPG slashes yard fees for US-bound containers amid export surge A 50% discount on yard usage fees aims to ease congestion and attract US-bound container traffic
LNG steamers may get a stay of execution from IMO Fuel costs for old, inefficient steam turbine LNG carriers could be the same as those of new ships under IMO...
BW LPG sticks to what it's good at as uncertainty mounts Singapore-headquartered company recently pulled out of a greenfield terminal project at Jawaharlal Nehru, India
The Daily View: What we do in the shadows
Daily Briefing US-blocked VLCC Jaya skirts sanctions with scrapped ship masquerade | Shipping will face decarbonisation pressure from below, as well as...
Truckstop begins 'strategic realignment,' names founder as interim CEO The change at the top of the freight-matching platform comes as the truckload sector enters the fourth year of a freight downturn that began in 2022.
BIMCO looks to set contract standard for charging USTR port fees The group that oversees maritime contracts said the complex nature of the USTR's new port fees needs to be made clear through a standard clause in shipping contracts.
Signs of air cargo recovery on the trans-Pacific as freighter aircraft return But a rise in demand for general cargo will not be enough to offset the sharp decline in e-commerce shipments that followed the US clampdown in May on low-value imports from China.
Tariffs prompt honest talk on costs among project cargo players Client relationships have not been harmed by tariffs because shippers and carriers recognize the need for additional and unexpected costs to be passed through the supply chain.
Wavelength podcast: Barstad, Marinakis, Kerry, tariffs, clean fuel rules and Nottingham Forest This week's episode brings a Nor-Shipping bonanza
China inspection group lays off staff after US sanctions for aiding Iranian oil shipments Washington has accused firm of inspecting sanctioned tankers
Navios triples its money in sale of 15-year-old container ship as prises rise Vessel reportedly set to sail from Maersk's chartered fleet to MSC ownership
Global container volumes dip after hitting all-time record on pre-tariff surge Strong start to year lifts prices in forward markets despite lingering US-China trade uncertainty
Ernst Russ CEO steps down as part of management shake-up Shareholder Jan Dohle joins father Jochen on supervisory board as CEO retires
Slap Western tankers hauling Russian oil with surcharge, campaigners urge Finland-based organisation calls for closing of gaps in LNG and oil shipping policies to hit Russian revenues
Trump team touts maritime 'win' in major bill as Elon Musk trashes its 'pork' Tesla chief executive urges Senate to 'kill the bill'
Basalt Infrastructure adds Celsius Shipping LNG carrier to its line-up Investment company now boasts 11 across its Vanadis and Freyja platforms and targets more
'What did we do wrong?' Fatal final moments before Baltimore bridge disaster revealed US releases more details of what happened on container ship's bridge last March
Enesel tanker to ship Norway's first cargo of Libyan grade for over a decade Suezmax due to load Es Sider oil for transport to Mongstad terminal
How a chance deal in an office doorway led to a $700m cheque from Gianluigi Aponte Nikolaus Schues reveals how luck played a significant role in sale of Gram Car Carriers to billionaire
New bulker design solves problem of hydrogen storage, say Greek owner Almi Marine and RINA Ultramax prototype draws on hydrogen-reforming technology to burnish green credentials
New LNG carrier design concepts emerge as South Korean shipbuilders vie for efficiencies South Korea's big three shipbuilders battle it out with differing tweaks to traditional vessel layouts and kit
Tankers International says busier Brazilian VLCC sector offers hope as rate slump continues More cargoes moving into China, but Middle East malaise remains
Tanker and bulker asset prices are 'way too high', says Torvald Klaveness chief Ernst Meyer says the gap between values and rates needs to change to justify investments
Hansson family keeps on buying Nordic American Tankers shares Suezmax company's executives spend more cash after results missed consensus
Big shipping names meet for first time as part of Achilles transparency network Business advisory group including BW LPG, Stolt-Nielsen, Odfjell and BSM gets together during Nor-Shipping
Top Ships suezmax tanker spin-off wants more vessels as it eyes new sectors Evangelos Pistiolis company Rubico intends to pursue opportunistic deals after listing on Nasdaq exchange
Container barge runs aground on Singapore beach Navigational safety is not affected
Morten Astrup's bond fund bets on Scorpio Tankers, backed by 'sound balance sheet' SFL Corp, Tidewater and Golar LNG are its largest holdings
Baltimore bridge disaster and UK taxman weigh on Britannia's underwriting performance Protection and indemnity club hit by a 'one-off' perfect storm of claims and costs
Red Sea transits jump 60% as non-Israeli ships 'more than 99% safe' But traffic remains down on pre-Houthi attack levels, EU naval mission chief says
Shandong Ocean Shipping expands fleet with order for two post-panamax bulk carriers Conventional marine-fuelled bulker newbuildings will be built by Hengli Shipbuilding
Norwegian credit fund adds more Stolt-Nielsen and Wilhelmsen bonds Sissener Corporate Bond Fund rose 2% in May
Container barge runs aground off Singapore's beach Sources say the barge is owned by Singapore-based Eng Lee Shipping
Adnoc forges Chinese tanker order as it focuses on molten sulphur shipments Abu Dhabi oil company has reportedly chosen Jiangsu Zhenjiang yard for new ship
World's largest private shipowner will continue to order at Chinese yards Trump's anti-China policies will not change Gianluigi Aponte's policy for now, MSC executive says
Pan Ocean inks order for VLCC newbuildings at HD Hyundai yard It is the first VLCC contract in 16 months for South Korea's largest shipbuilder
Trac Intermodal preps 200K chassis for China container surge Trac Intermodal is positioning its leading fleet of 200,000 chassis to support a tariff pause-fueled surge of import containers.
New world order: Ocean rates up 88% as shippers pounce on lower tariffs Container rates continue to soar, says Xeneta, as shippers look to take advantage of the pause in the China-U.S. tariff fight.
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