Revolution Wind and two states file law suits challenging stop-work order The Trump Administration is now facing two separate legal challenges to last month's BOEM stop-work order issued to the fully-permitted, 80% complete Revolution Wind project -the-first bistate offshore wind farm. The challenges
Bernard Schulte Offshore takes delivery of its second new Ulstein CSOV: Windea Clausius Bernhard Schulte Offshore (BSO) has taken delivery of its newest Commissioning Service Operation Vessel (CSOV) built by Ulstein Verft in Norway. The vessel, named Windea Clausius, was officially christened on September 4
PS5 loop closed after a few months The Premier Alliance's Transpacific PS5 service shuts down after brief operational period. The PS5 loop, operated by the Premier Alliance, is ceasing operations just months after its launch, which had already experienced initial delays. The service's final sailing is currently in progress, with the last four voyages operating on a bi-weekly schedule. These concluding rotations have included (or w
Far East showed negative freight rates All-in freight rates from the Far East to global destinations showed predominantly declining trends year-over-year during Q2 2025. Australasia stood as the only trade lane maintaining consistent monthly growth throughout the quarter. A uniform pattern emerged across all routes where rate deterioration accelerated progressively May performed worse than April, and June worse than May. Source: DynaL
Archangelsk to become NSR anchor port The regional administration of Archangelsk in northwestern Russia is planning to construct a new multipurpose terminal in the port city to serve as a strategic hub for the expanding Northern Sea Route. The project timeline targets construction commencement in 2030, with the completed facility designed to handle vessels with drafts up to 14.4 meters and deadweight capacities of 75,000 tons. The te
Far East container volumes surged during H1 2025 Container traffic to, from, and within the Far East increased by 4-5% during the first half of 2025, surpassing 66.7 million TEU according to preliminary Container Trades Statistics data. Source: DynaLiners A stark disparity emerged between robust export growth and declining imports compared to the same 2024 period, further widening the trade imbalance by 3.2 million TEU to reach 22.8 million TEU
CMA CGM adds Latakia to its service The joint CMA CGM/Tarros MPS/Great Pendulum Service has incorporated Latakia, Syria as a bi-weekly port call. Notably, despite CMA CGM's substantial investment initiatives in Latakia, only Tarros vessels will serve this port a curious arrangement given that each partner contributes three ships to the service. The updated rotation now includes: Salerno, Genoa, La Spezia, Barcelona, Casablanca, Lei
MMC Corp faces delays as port of Tanjung Pelepas expands crane capacity Malaysia's MMC Corp is proceeding with its planned initial public offering, though local media reports indicate potential delays. The company intends to offer 4.27 billion shares representing a 30% ownership stake, targeting approximately US$ 2 billion in proceeds. MMC, which was previously publicly traded until 2021, maintains a 70% stake in Port of Tanjung Pelepas and full ownership of Penang P
Drug smugglers conceal cocaine in false wall in container More than 500 kilos of cocaine were hidden in a false wall in a container shipped into Australia's Sydney port. A drug syndicate allegedly infiltrated the port, with port workers tasked to facilitate the shipment of drugs into Australia
Marine insurance navigates perfect storm of geopolitical disruption The global marine insurance sector is weathering an unprecedented convergence of geopolitical conflicts and trade disruptions that are fundamentally reshaping how the industry assesses and prices risk worldwide
Bremerhaven Depot boosts efficiency with operateMybox Addicks & Kreye Container Service GmbH & Co. KG in Bremerhaven has taken a major step in digitalisation and automation. The company has signed a software licence agreement with EUROGATE IT for the operateMybox platform, introducing the Depot Operations module to its site. The cloud-based module is already proven at REMAIN GmbH Container - Depot and Repair in Hamburg. It digitalises key workflows,
Damietta replaces Mersin on ZIM's ZCA ZIM's Transatlantic ZCA service has modified its westbound route, substituting Damietta for Mersin as the initial port of call. This routing change appears to be a direct result of restrictive policies implemented by Turkish ports now reportedly endorsed by government authorities targeting ships with Israeli connections or carrying Israeli-linked cargo. The updated ZCA itinerary now follows this
Inchcape Shipping Services opens office in Las Palmas Inchcape Shipping Services, a global leader in port agency and marine services, has expanded its footprint with a new office in Las Palmas, Spain. The move strengthens the company's presence in a key hub for global trade. Strategically located at the crossroads of Europe, West Africa, and the Americas, the Port of Las Palmas handles more than 12,000 vessel calls each year. It is a vital center fo
MSC splits out Chinook-Clanga service MSC reverses course by splitting its combined Chinook-Clanga service back into separate routes. According to Alphaliner, MSC has decided to decouple the Middle East-Far East-US/Canada Pacific Northwest pendulum service that had only been merged in June. The two services now operate independently with the following distinct itineraries: Chinook - Ho Chi Minh (Cai Mep), Hai Phong, Shenzhen (Yantian
Hamburg emerges victorious as shipping giants redraw Europe's port map The largest container shipping alliance reshuffle in over a decade is reshaping European maritime trade, with Hamburg securing a commanding position while traditional gateways face uncertain futures
K Line, partners advance CO2 storage in North Sea K Line Energy Shipping (KLES), a London-based unit of Kawasaki Kisen Kaisha, has signed an MoU with Havstjerne ANS to advance solutions for the Havstjerne CO2 storage licence on the Norwegian Continental Shelf. Havstjerne ANS is a partnership between Harbour Energy Norge and Stella Maris CCS, a Yinson Production subsidiary. The agreement focuses on developing marine-based transport and storage so
Neptune Pacific to raise rates on Cook Islands service Neptune Pacific will increase freight rates to the Cook Islands from 8 October 2025. The adjustment applies to shipments bound for Rarotonga and Aitutaki, covering both dry and reefer cargo. The company said rising costs have made the increase necessary to maintain service reliability. From Australia and New Zealand, the new surcharges will be: Rarotonga - NZD 280 for 20' dry or reefer, NZD 560 f
Eimskip signs agreement for two new container vessels Eimskip's board has approved contracts for two new 2,280 TEU container vessels, along with a ten-year time charter through its German affiliate, ElbFeeder. The vessels will operate on the company's Blue Line, connecting Reykjavík with Rotterdam and Teesport in the UK. The investment comes as demand for fresh cargo continues to rise, fueled by exports of seafood and farmed salmon as well as import
K Line advances Seawing Kite System Kawasaki Kisen Kaisha ("K(" Line) has completed the first phase of development for its Seawing automated kite system, designed to harness high-altitude wind power for ships. The milestone was achieved in June 2025 by OCEANICWING, "K" Line's France-based subsidiary. During phase one, engineers tested a 300 m² kite at a land site to verify the system's tensile strength and performance. The results w
BNSF opens new Oklahoma City intermodal facility BNSF Railway has opened a new 42-acre intermodal facility in Oklahoma City. The project was developed in partnership with Hobby Lobby, which sought a faster and more economical way to move loaded containers from Los Angeles and Long Beach to its distribution centers in Oklahoma. The facility, set to begin operations in mid-November, is expected to streamline supply chains while cutting highway co
Ammonia-Fueled LPG carrier wins ClassNK approval Mitsui E&S has secured Approval in Principle (AiP) from ClassNK for an ammonia-fueled LPG/ammonia carrier. The project is a collaboration with Kawasaki Heavy Industries, which is building the vessel. The ship is designed to run on liquid ammonia, a fuel that emits no CO2 when burned. Interest in ammonia is growing as the IMO tightens emission rules for shipping. Mitsui E&S supplied ammonia dual-f
WCI slips 1% as Asia-Europe rates drop As Japan International Freight Forwarders Association (JIFFA) reported, Drewry's World Container Index (WCI) edged down 1% in Week 36 to US$2,104 per FEU. The index now sits 56% lower than the same week last year. The small decline followed 11 straight weeks of drops. Trans-Pacific rates climbed, but sharp falls on Asia-Europe lanes offset the gains, keeping the index stable overall. Spot rates f
Ningbo Ocean Shipping looks to Singapore for global fleet expansion Ningbo Ocean Shipping has revealed a plan to invest around CNY2.9bn ($406.5m) via its Singapore arm to set up two more subsidiaries in the country to further grow its fleet. The company will invest CNY1.2bn ($168.2m) to establish Ningbo Ocean Shipping Singapore Longitude and CNY1.7bn ($238.3m) to set up Ningbo Ocean Shipping Singapore Latitude. The ...
'The end of globalisation is fast approaching': IUMI president Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year's International Union of Marine Insurance (IUMI) conference in Singapore, IUMI president Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation. Hard national interests ...
World's largest heavylift jackup begins operations The world's largest self-elevating, heavylift jackup has started its first project in the Southern North Sea after being delivered to owner Petrodec. The newly constructed heavylift jackup, named Obana, started work for Perenco UK on the Galahad platform on Block 48/12a, following the completion of final trials, including its first offshore full platform lift. After ...
More than one in 10 shipments flagged for deficiencies in new cargo safety report Despite misdeclared cargoes making more and more headlines, leading to deaths and vessel losses, new data published today shows more than one in 10 shipments have deficiencies, an alarming upward trend. The World Shipping Council (WSC), liner shipping's lobby group, has released a new report summarising deficiencies found in government cargo inspection programmes, reviving a ...
Dutch ship grounds in Canadian Arctic The Thamesborg, a 12-year-old, 21,359 dwt Dutch general cargo ship, ran aground in the Canadian Arctic over the weekend. The ship ran into difficulty while transiting the remote Franklin Strait with Canadian authorities quick to attend the scene. At around midnight UTC, the ice-class freighter grounded on its transit from Lianyungang, China, to Baie-Comeau, Quebec, ...
Marco Polo Marine teams with Salt Ship Design on next-gen CSOV Singapore offshore vessel player and shipyard Marco Polo Marine has chosen Norwegian ship designer Salt Ship Design to design the company's next-generation CSOV. The contract was signed between the group's Taiwan-based subsidiary PKR Offshore, Salt Ship Design, and Marco Polo Shipyard. Unlike standard CSOVs and CSVs with retrofitted walk-to-work systems, this next-generation vessel, named CSOV ...
US energy secretary signals active talks on stalled wind project off Rhode Island US energy secretary Chris Wright has stated that the Trump administration is discussing the future of Ørsted's Revolution Wind offshore wind farm off the coast of Rhode Island. The Trump administration was 80% complete when a stop-work order was issued by the Department of the Interior. The order suspended the project after all offshore foundations ...
HSBC warns COSCO and OOCL face $2.1bn hit from looming US port fees The looming US port fee regime aimed squarely at Chinese-linked tonnage could saddle COSCO and its Hong Kong-listed subsidiary OOCL with a combined bill of more than $2.1bn in 2026, according to fresh calculations from HSBC. The US Trade Representative (USTR) is due to impose port fees from October 14, though the final rules remain ...
Asiatic Lloyd orders two boxships in Dalian Asiatic Lloyd has returned to its favoured Chinese shipyard for a pair of boxship newbuilds. Brokers are reporting the privately held German shipping line has ordered two 7,100 teu vessels at Dalian Shipbuilding. No price has been revealed. Asiatic Lloyd is twin-headquartered in Singapore-and Hamburg, operating as part of the Bunnemann family's AL Group, which ...
The winners and losers among European ports from this year's liner alliance reshuffle At the start of the year, there was the largest alliance reshuffle among global liners in more than a decade. As the year has progressed, it has become apparent that this redrawing of the global liner map has had some winners and losers among European ports. Analysis by Danish container shipping consultancy Sea-Intelligence of the ...
MOL debuts radical new LNG carrier design Japan's Mitsui OSK Lines (MOL) has obtained approval in principle (AiP) from a classification society, Lloyd's Register (LR), for two new designs of a membrane-type LNG carrier equipped with four Wind Challengers, a hard sail wind-assisted propulsion system. In addition, safety evaluations were conducted in collaboration with the respective flag states. As a result, this ...
Evalend swells suezmax orderbook in South Korea Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected in October and December 2027. The scrubber-fitted ...
More neopanamax boxships transiting Panama Canal despite higher US tariffs US importers of containerised goods have been hit with much higher tariffs, and yet, the Panama Canal is handling more...
UK set to appoint eighth shipping minister in six years Another British shipping minister, courtesy of the latest cabinet reshuffle, contributes to the recent high turnover trend in those appointed...
Dynagas Partners posts higher profit after reduction in finance costs Prokopiou family-backed owner of LNG carriers is focusing on 'disciplined capital allocation'
Why is shore leave heading for extinction? Lloyd's List reporter Joshua Minchin brings you views from seafarers and charities to explain why they are being denied shore...
Drugs seized on Maersk vessel in Panama Police seized 39 packages of an 'illicit substance' on board Maersk Willemstadt in Balboa on Sunday
Imperial Petroleum aims to capitalise on larger fleet Fleet grew by 56% in second quarter because of the delivery of seven bulkers
Spain to ban ships carrying fuel for Israeli army Lloyd's List understands that Spanish port authorities have still to receive confirmation on how the ban will be enforced
The week in charts: Bab el Mandeb transits highest since Red Sea exodus | Container shipping margins hit post-2023 low | US tariff maze may be tougher after court ruling Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Cosco faces $1.5bn hit from US port fees but vows to defend transpacific routes Rather than focusing on shrinking margins, it seems more concerned with preserving market share and customer confidence
The week in newbuildings: containerships and tankers prevail The containership sector provided 70% of all newbuildings ordered in the past week
'Stunning amount' of container deficiencies reported in 2024 The International Maritime Organization ceased publicising digests of the data it receives from member states on container deficiencies, but the...
Ningbo Ocean sets up Singapore units for $400m fleet expansion Expansion comes as Ningbo Ocean aims to capitalise Singapore's shipping hub to expand its international services amid optimism on Asian...
'Old ladies' set to dominate Cefor book Vintage vessels more prone to fire and machinery claims, Cefor's Seltmann said
Posco considers HMM takeover amid diversification push and cost pressures Posco is weighing a takeover of HMM to cut logistics costs and diversify, but faces financial, strategic, and regulatory hurdles
Liner trade maintains growth impetus into second half of the year Global container shipping continues to defy expectations in 2025, as Asian exporters find new momentum in regional and southbound lanes...
Shipowners directly liable for sexual misconduct at sea, IUMI warns Almost all women in maritime have experienced various forms of discrimination, says Fernandez
Politics not priority for shipowners, Eastern Pacific tells IUMI Top concern is ability to go where charterers want to go
Globalisation almost over for marine underwriters, warns IUMI president Hard national interests taking precedence over co-operation, Denèfle argues
The Daily View: Fuzzy logic
Global marine insurance premiums hit all-time high Top line for sector pushing $40bn, conference hears
Daily Briefing Advanced spoofing hides Russian oil transfers in Gulf of Oman | Do the UN snapback sanctions on Iran even matter...
DP World to build big-ship container terminal in Montreal The Montreal Port Authority said permits are in the works for Contrecoeur's underwater work, while DP World has signed on to design and operate the terminal
Fresh Del Monte Produce switching from breakbulk to box transport The fruit shipper cites the downsides of moving perishables by breakbulk methods, criticizing the "hours of exposure to extreme heat or cold and frequent handling."
Trans-Atlantic pricing weakens without year-end volume bump Full ships, a low number of blank sailings and improving schedule reliability have stabilized the westbound trade lane but will do little to raise rate levels, say executives and analysts.
US cross-border rail tracks Mexico recovery, Canada decline: analyst Railroads are expanding services between Mexico and the US, while Canada-US intermodal container traffic is down by double-digit percentages, writes rail analyst Larry Gross.
Navios reveals five-year charters as it confirms $460m deal for container ship newbuildings Deal comes two months after shipbuilding sources reveal deal at HJ Shipbuilding & Construction
Trump officials press Europe to cut Russian energy imports Treasury and energy secretaries say any US sanctions require EU to switch to America's exports
John Fredriksen sells final privately owned bulker in former Golden Ocean fleet Seatankers appears to have finished clearing out its older bulkers, ready for delivery of its newbuildings
New Fortress Energy crashes to huge loss amid warnings over company's future Company raises prospect of asset sales as it tries to get back on track
George Procopiou-backed Dynagas LNG Partners posts higher profit on falling debt cost Growing cash pile and falling debt free up cash
Delta Corp Singapore shipping arm goes into liquidation after mounting pressure from creditors Liquidation could potentially open the door to further claims against the Delta Corp Holdings group
UK minister's claims of sanctions success ring hollow Svarog Shipping was fined in May for failing to respond to an investigation, although no breach was found
US tariffs taking toll on Russian oil exports to India, data suggests Broker sees indications that India is backing off Russian imports
Vafias-led Imperial Petroleum sees markets improving after 'milestone' expansion Company bets on rapidly growing, non-Chinese bulker and tanker fleet to boost profit
Russian insurers pick up business from sanctions squeeze If we can't get insurance from Western Europe we'll do it ourselves, says Russian market
'Proud feeling': Meet the global tanker tracker casting light on dark fleets Former US pressure-group tanker tracker Claire Jungman has joined Vortexa, growing her focus to sanctioned oil regimes
Greek shipowner replaces bulker lost in Red Sea Houthi attack Bodouroglou family firm buys vessel from Turkish peer Ciner amid freight rebound
Opec unleashes fresh production hikes with additional barrels finally trickling into market Sunday's decision meant six consecutive months of production rises from bloc
Tanker, VLGC and car carrier bets pay off for shipping hedge fund Joakim Hannisdahl sees 'significant opportunities' on both long and short side
Ciner makes container ship comeback with newbuilding order in China Major player opts for diversification amid rush for feeder boxship tonnage
New bulker recycling sales highlight price difference between Aliaga and Alang Latest reported deals show that owners opting to recycle in India are getting almost double their money
Marco Polo Marine to build second wind-oriented CSOV at Indonesian shipyard Dubbed CSOV Plus, super-eco ship has been designed by Norway's Salt Ship Design
China's Nanjing Tanker inks rare LPG carrier order Newbuilding forms part of the company's fleet renewal programme
Autonomous ships to find their voice with help of British technology firm Trials will see AI-powered unmanned vessels call nearby vessels and talk to bridge teams
LNG shipping: Pain today, maybe tomorrow, but good times beckon Market players share their thoughts on three key questions
Near miss attack on Eastern Pacific ship in Red Sea prompts risk review Insurance chief says decarbonisation, fees and attacks part of complex environment for shipowners to navigate
KMTC named as buyer behind two container ships ordered at HD Hyundai Newbuilding price close to $147m per vessel
Marine insurers kick off annual meet in Singapore Global upheaval and new technology on the agenda for International Union of Marine Insurance gathering
Chinese newcomer Chenxin Shipping orders up to eight container ship newbuildings Liner sector newcomer orders two Bangkokmaxes and two intermediate-size boxships
KMTC named as buyer behind two container ships order at HD Hyundai The newbuilding price for the 13,000-teu vessels is close to $147m
China's Nanjing Tanker inks rare LPG carrier order The newbuilding forms part of the company's fleet renewal programme
Anglo American shipping boss fears a shortage of conventional capesize bulkers Peter Lye surveys present ordering trends and explains the expansion in smaller bulker types
Ultrabulk celebrates its silver anniversary in Singapore Company executive admits the early days in the Lion City were often a struggle
China cements new sanction-defying LNG trade as second Russian shipment lands Another shadow ship re-emerges from Chinese yard
Video shows Panamanian seizure of 'illicit substance' on Maersk ship Maersk data shows container from Morocco was to be loaded at Balboa for onward shipment to New Zealand
UK-based One Air introduces scheduled freighter service Startup cargo airline One Air continues to expand its fleet, airport hubs and service offerings.
Earnings growth outlook 'bleak' as ocean shipping profits plunge 56% in Q2 Container shipping profits plunged 56% in Q2 on tariffs and shifting trade policies; the forecast remains cautious.
FedEx, DHL relocate to larger air package facilities on Europe's edge FedEx and DHL Express are moving to bigger and more modern package sorting facilities at airports in Turkey and Finland.
FAA fines firms for unsafe lithium-ion battery shipments on cargo jets The Federal Aviation Administration penalized three companies for improperly shipping hazardous materials on FedEx and UPS aircraft.
Dubai's DP World to develop Montreal container terminal Expansion project will add 1.15 million TEUs in annual capacity to the eastern Canadian port.
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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