Austal gets USD 100 million in Australian EFA funding for Mobile shipyard expansion In a filing yesterday, Austal Limited (ASX: ASB) reported the execution of a loan agreement forUSD 100 million in funding from Export Finance Australia (EFA), the Australian Government's exportcredit agency, to enhance
AYK Energy to power world's first electric Intercontinental Ferries Marine battery maker AYK Energy has secured a major contract to power the world's first fully electric intercontinental fast ferries between Europe and Africa. Spanish ferry operator Baleària will operate two electric catamarans on the 18-mile route between Tarifa, Spain, and Tangier, Morocco. The vessels will run solely on electric propulsion at speeds of up to 26 knots. "AYK is honored to be se
GXO renews partnership with Dolce&Gabbana Beauty GXO Logistics has renewed its long-term partnership with Dolce&Gabbana Beauty , continuing to manage logistics for the brand's global operations. The new agreement includes oversight of a dedicated 25,000-square-metre warehouse in Calvenzano (BG), Italy , handling retail and wholesale orders, returns, and value-added services. "GXO is proud to support Italian excellence and contribute to local gr
ONE issues advisory on new Saudi manifest pre-submission requirements Ocean Network Express (ONE) has announced updated compliance requirements for cargo arriving at Saudi Arabian seaports, following new regulations introduced by the Saudi Ports Authority (MAWANI) in coordination with the Zakat, Tax and Customs Authority (ZATCA). Effective October 29, 2025, all loaded cargo and manifest data must be submitted electronically via the FASAH platform prior to vessel ar
Trial with unmanned vessel successfully completed at the port of Rotterdam The Prinses Margriethaven on Maasvlakte 2 in Rotterdam served as the setting for a trial with an unmanned surface vessel last week. For the first time, an unmanned vessel was permitted to navigate Dutch waters beyond a closed test environment. The Inland Navigation Police Regulations normally require vessels to be crewed at all times. Since a law change in April 2025, obtaining an exemption under
CMA CGM announces schedule adjustment on NEWMO Line CMA CGM has announced the phasing-in of an additional vessel to the NEWMO Line service as part of efforts to improve schedule reliability and operational efficiency. The MV MSC LISBON (1NNULE1MA) will join the rotation, beginning its voyage at London Gateway on October 15, 2025. The following vessels will subsequently adjust their schedules in North Europe: MV MSC ALINA (0NNMDE1MA): Voyage to sta
Port Authority of New York and New Jersey breaks ground on AirTrain system The Port Authority of New York and New Jersey broke ground on a new AirTrain Newark system at Newark Liberty International Airport, launching construction of a modern, reliable 2.5-mile automated people mover. The new US$3.5 billion system will replace the existing AirTrain, which opened in 1996 and has become outdated, over capacity, and unable to accommodate Newark Liberty's rapid growth. The n
Port of Montreal aims to increase benefits from port expansion The Montreal Port Authority has informed the City of Contrecœur and the Municipality of Verchères of its intention to establish mutual benefit agreements with each regarding the future Contrecœur container terminal. The MPA aims to enhance its local involvement and respond to community needs, notably through existing local initiatives. While mutual benefit agreements are common in the private sec
ABP appoints new group head of Health, Safety and Environment Associated British Ports has announced the appointment of Sally Ford as Group Head of Health, Safety and Environment to help further strengthen the company's focus on continuous improvement in these areas. Sally Ford joins ABP from Southern Water, where she served as Director of Health and Safety, Security and Wellbeing. She brings over 30 years of health, safety, and environmental management exp
Port Freeport welcomes new post-Panamax cranes Port Freeport marked a historic milestone on Monday, September 22, 2025, with the delivery of two state-of-the-art Super Post-Panamax Ship-to-Shore Gantry Cranes. Their arrival, coinciding with the Port's 100th anniversary, emphasizes Port Freeport's enduring commitment to growth, innovation, and regional service. Transported fully erected aboard a heavy-lift vessel, the cranes were carefully off
BIMCO: USTR fees to hit 35% of fleet, no rate hikes expected When new fees from the U.S. Trade Representative (USTR) targeting Chinese dominance in the maritime sector take effect on 14 October, about 35% of ships in the combined bulk, crude tanker, product tanker, and container fleet could face additional port charges when calling at U.S. ports. "These ships represent 44% of total fleet capacity, yet U.S. importers and exporters should not expect higher f
Global Container Trade sets new records in 2025 Global container volumes tracked by Container Trades Statistics (CTS) continue to reach new highs in 2025. From January to August, global throughput totaled 126.75 million TEUs, a 4.4% increase over the same period in 2024. August 2025 set a new record with 16.61 million TEUs, surpassing May's previous high of 16.59 million. While the month-on-month rise was just 0.2%, it marks the fourth straigh
When blank sailings signal geopolitical fracture Container lines are canceling sailings at levels unseen since the pandemic's peak as fresh data from project44 reveals 67 sailings scrapped from China to the US and 71 in the reverse direction this month alone, eclipsing COVID-era records
Lakeway Link adds M/S Mistral, launches daily baltic sailings Lakeway Link is expanding its Baltic Sea operations with the addition of the M/S Mistral. It's a sister ship to M/S Lakeway Express. The vessel will join the fleet under a time charter agreement in November 2025, strengthening the route between Södertälje and Gdynia. Firstly, the M/S Mistral is identical in design and capacity to the M/S Lakeway Express. The 153-meter vessel has a gross tonnage o
Anglo-Eastern launches SAPS for smarter, greener shipping Anglo-Eastern Univan Group has launched its new Sustainability and Performance Services (SAPS), a next-generation digital platform designed to help shipowners and charterers cut emissions, optimise fleet performance, and reduce fuel costs. The new service combines artificial intelligence with real-time vessel and voyage data to improve fuel efficiency, optimise routes, and support compliance with
Rhenus names Peter Nordstrom North America CEO Rhenus Group has named Peter Nordstrom as Chief Executive Officer of its Air & Ocean division in North America. He will oversee operations in the United States and Canada, driving growth and aligning the region with Rhenus' global strategy. Nordstrom brings over 25 years of international experience in freight forwarding, logistics, and supply chain management. He has held senior roles at Ceva Log
Beijing's Playbook: Five countermeasures to US Port fees As Washington's unprecedented docking fees on Chinese-linked vessels loom just 11 days away, Beijing faces a strategic crossroads that could reshape global maritime trade. The October 18 implementation of the US Trade Representative's port fee structure represents the most aggressive economic offensive yet against China's shipbuilding dominance. With Beijing controlling 53% of global shipbuilding
Alabama Port achieves 50-foot channel milestone First vessel departs at historic draft, marking milestone for state economy The Alabama Port Authority has confirmed that the Mobile Ship Channel has reached its authorized 50-foot depth. The achievement marks a major step forward for the Port of Mobile and the state's economic growth. First Vessel Uses Deeper Channel The U.S. Army Corps of Engineers (USACE) and the Mobile Bar Pilots reviewed new
NeptuneZero joins INTERCARGO as associate member NeptuneZero has joined the International Association of Dry Cargo Shipowners (INTERCARGO) as an Associate Member. This move strengthens its commitment to advancing safety, efficiency, and sustainability in the dry bulk shipping sector. INTERCARGO represents the interests of dry cargo shipowners worldwide and promotes high operational standards and environmental protection across the industry. By
UKHO and Marine AI launch first autonomous vessel project The UK Hydrographic Office (UKHO) and Marine AI have launched a world-first project in Plymouth to teach autonomous vessels to read and act on official navigation data. Firstly, the eight-month programme will train Marine AI's large language model to interpret ADMIRALTY Sailing Directions and Radio Navigation Warnings. These texts, written for human mariners, will be converted into structured dat
Formosa Plastics Corporation sells last boxship Taiwanese petrochemical producer Formosa Plastics Corporation has sold off its last container ship, limiting its fleet to tankers and bulk carriers
CSG to build AED 300M energy-saving glass plant in Abu Dhabi Khalifa Economic Zones Abu Dhabi (KEZAD) has announced that China Southern Glass (CSG) will establish its first overseas intelligent manufacturing facility in the UAE. The AED 300 million project, located in ICAD 1, Musaffah, will create 400 specialised jobs and support Abu Dhabi's industrial growth and economic diversification. The 95,000-square-metre plant will serve as CSG's regional headquart
Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China's Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group for its own account and are now ...
Ignitis enters Lithuania's 700MW Baltic Sea offshore wind tender Lithuania's state-owned Ignitis Group has decided to participate in the country's tender for the rights to develop at least 700MW of offshore wind capacity in the Baltic Sea. The company participated in the tender through a subsidiary of Ignitis Renewables. Under the tender regulations, the potential developer can submit either the development fee or request ...
USTR fees could impact 35% of key sectors' ships: BIMCO When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect next week on October 14, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to additional fees when calling a US port, according to new ...
Hafnia pioneers live underwater noise monitoring for tankers Hafnia has teamed up with classification society DNV on a pilot project to measure and manage underwater radiated noise (URN) from operating tankers - marking the first permanent onboard system that directly links a vessel's underwater noise profile with live measurements. The setup, recently completed on the 2015-built LR1 Hafnia Excel, represents a step toward ...
Chomex Marino orders Damen-built tugs for long-term Woodside charter Mexican vessel operator Chomex Marino has ordered two offshore support tugs from Dutch shipbuilder Damen, which will support Woodside's projects in Mexico. The order came after Chomex Marino won a Woodside tender for a 15-year time charter contract for multipurpose offshore support vessels in the deep waters of the Gulf of Mexico. The Mexican firm, ...
Orca AI: Artificial intelligence moves from buzzword to bridge Artificial intelligence in shipping has long been a buzzword. Now, says Yarden Gross, CEO and co-founder of Orca AI, it's fast becoming the bridge linking sea and shore - and the next 12 months could be the most pivotal yet. Gross tells Maritime CEO that shipping is on the cusp of a major leap. "The ...
Able lands deal to dismantle topsides from two TAQA platforms UK-based marine recycling specialist Able has won contracts from Allseas to dismantle, reuse, and recycle topsides from TAQA's Cormorant Alpha and Tern platforms. The company will take delivery of the topsides at its Teesside facility at Able Seaton Port from 2027 onwards. Up to 97% of the recovered topsides' materials will be reused or recycled, ...
HMM tied to $2.2bn boxship orders Broking reports list a sizeable order from South Korea's flagship carrier worth more than $2bn in total. HMM is reported to have ordered 12 LNG dual-fuelled, 14,000 teu containerships on home soil. The vessels, thought to be costing around $182.5m per unit are split between two of the country's shipbuilding majors. HD Hyundai will build ...
MOL's 98% methane slip cut hands LNG a lifeline ahead of key IMO showdown Japan's Mitsui OSK Lines (MOL) has achieved a 98% reduction in methane slip during sea trials - a leap that could reshape the emissions profile of LNG-fuelled tonnage ahead of next week's Marine Environment Protection Committee meeting at the International Maritime Organization (IMO) where LNG as a fuel will likely become one of the flashpoints ...
Shall we be serious ahead of next week's IMO green summit? Andrew Craig-Bennett makes his return to Splash after a nearly six-month hiatus. We all know that the International Maritime Organization (IMO), like most human institutions, is not made up entirely of angels, and those of us who have attended a session know that it is not difficult for a few chats in the corridors to ...
Panama Canal container cargo sinks to lowest level since 2016 The Panama Canal's fiscal year in 2017 was the first to fully incorporate the new, larger neopanamax locks, built at...
USTR fees could impact 45% of bulker fleet While the impact of USTR on the bulk sector is expected to be limited, plenty about the US policy remains...
Eagle S decision highlights zero legal protection for subsea infrastructure Development comes as EU's von der Leyen accuses Russia of 'targeted grey zone campaign'
Contships moves to slash bank debt with $100m in voluntary prepayments Nikolas Pateras says the strategy will reinforce the balance sheet as his feeder containership company seeks to 'expand and renew'...
Capesize sector leads continued upward trend in secondhand bulker values 'Sale and purchase volumes remain high, reflecting strong secondhand demand, improving earnings, and fleet renewal,' says Xclusiv Shipbrokers analyst Dimitris...
Momentum building but supplies limit Singapore's mass low-carbon methanol adoption Competition from other sectors could further restrict availability according to discussions at the Marine Fuels 360 conference in Singapore
Hafnia installs underwater noise monitors on vessels The clean product tanker owner said the goal is to develop an underwater noise management plan and 'stay ahead' of...
Shipping's new reality: Geopolitics trumps supply and demand Shipping executives are navigating a new era of uncertainty as geopolitics, protectionism and decarbonisation redefine how - and where -...
Molgas completes Titan acquisition Deal means Molgas will now operate Titan's fleet of seven LNG bunkering vessels
Wallenius-backed Lakeway Link scales up Baltic service with second ro-ro Lakeway Link is chartering the 1999-built ro-ro Mistral, a sistership to existing vessel Lakeway Express, to expand its service offering...
Hamburg's Meier seeks to facilitate ports sector's transition resilience Newly elected to a second term as head of the IAPH, Jens Meier is focusing on the big picture
The Daily View: The rules aren't going away
GCMD and IAPH sign partnership to drive maritime decarbonisation Collaboration will focus on developing port infrastructure, advancing alternative fuels and shaping regulatory frameworks for low- and zero-carbon operations
Daily Briefing Leading shipowner associations fire warning ahead of climate vote | Container lines have forged ahead on fuel transition irrespective of...
Fate of future automation at California ports in governor's hands Gov. Gavin Newsom has until Sunday to sign or veto a bill that ocean carriers and terminal operators say would derail current and future attempts to automate cargo-handling operations in the name of reducing stress on the state's power grid.
Tariff uncertainty to keep lid on US import growth until spring: retailers The average monthly year-on-year decline in imports from October through February is almost 16%, according to the latest Global Port Tracker (GPT).
Strike action piles new bottlenecks on Europe's two busiest ports The fresh disruptions come as the Asia-Europe trade lane continues to present shippers with the worst schedule reliability among the major ocean corridors.
Broker liability in the spotlight in 'Montgomery v Caribe Transport' The US Supreme Court has agreed to hear the case, and without a clear ruling from the Court, brokers, shippers and manufacturers will face ongoing uncertainty, potentially weakening the national economy, writes trucking expert Matthew Leffler.
North India trade flows tested by rail embargoes at congested Mundra Port Rail authorities have had to restrict or suspend train services into India's busiest gateway multiple times in recent weeks in an attempt to clear the backlog of import containers trapped in port yards.
Agents grapple with unanswered questions as US shipping fees loom With days to go, how will operators pay if they have no US bank account?
Fredriksen's newbuilding and S&P director Mikkel Weum joins Star Bulk board Athens-based bulker owner adds to board expertise with new appointment
US alternative financier Hudson Structured seals $719m raise for latest fund Stamford outfit says largest fund to focus entirely on ocean shipping
Brussels demands strong action from IMO to align with its own carbon rules Weak regulation or no deal will lead to fragmentation
VLCCs should rebound shortly, analysts argue, as rates continue falling Fixtures for the largest crude oil tankers were over $100,000 per day just two weeks ago
Indian owner Transworld subsidiary flips last container ship for big profit Orient Express Lines looks to be making a $10m profit on the sale of its only boxship
'Most compelling' Teekay Tankers gets 'buy' rating as Clarksons starts coverage Analysts see significant discount to peers
Union Maritime working with 100 owners on cadet training placement Laurent Cadji reveals expansion of Nigerian seafarers' charity
Seven Islands signs five-year deal for suezmax tanker freshly purchased from Greek shipowner Indian owner among the handful of owners agreeing term deals for crude ships in quieter term market
Record container shipping volumes point to a stronger-than-expected year Volumes are growing everywhere except to the US, where they are falling
Snam brings in Hoegh Evi to provide FSRU for its planned Sardinian terminal purchase Switch from land to floating regas-based unit will boost facilities storage tenfold
Idan Ofer company tied to sale of tanker involved in dispute over yacht collision Quantum Pacific's Silver Ray sails to new owner as litigation continues
Hapag-Lloyd set to settle portion of claims in container ship fire litigation Complex case with $120m in claims could be near resolution
Rokke versus Sveaas: Accusations fly as 'spectacular' $20m shipping trial begins Norwegian tycoons set to go head-to-head over 13 weeks following Solstad Offshore refinancing
Shipping analyst Eva Tzima joins Greek broking powerhouse Outspoken researcher moves to new post at Athens shop owned by the Tomazos family
Trafigura adds new lenders as it seals oversubscribed financing worth $3.4bn Chinese lenders heavily featured in trader's new transactions
Colombia's Ecopetrol poised to launch hunt for fast-track FSRU Country seeks solutions as it faces looming gas shortage
Tanker owner Top Ships gets hands on first megayacht as profit rises Evangelos Pistiolis company sees first fruits of diversification
Dash for gas: HMM set to follow LPG entry with ammonia breakthrough South Korean liner buys medium-sized gas vessel and targets 10 LPG/ammonia carriers by 2030
Tanker stocks fall after VLCC spot rates dive as analysts wait on a larger volume push from Opec+ Frontline and Scorpio slide in New York
European Union 'wants new sanctions targeting false flag states' Proposals target growth industry in documents issued by fake registries to shadow fleet vessels
Contships leverages liquidity to slash bank debt early and retain war chest Analysts say move is 'positive' for its Oslo bondholders
China pays up for older secondhand capesize bulkers The latest CMB.Tech transaction underscores buyers' appetite for vintage capesizes
Gunvor secures product tanker newbuildings in five-year deals Brokers say Swiss chartering giant is taking two ships next year
Shadow spills: Probe unearths at least five oil leaks from tankers carrying Russian oil in European waters Investigation prompts calls for more action from European politicians
How Japanese giant MOL plans to bank super profits every year through the shipping cycles Chief executive explains path to riding the highs without suffering the lows
China scoops up secondhand capesize bulk carriers Latest reported deal involving a CMB.Tech vessel shows Chinese buyers are willing to pay high for older capesizes
Japanese bank forms dedicated shipping division as it targets international clients SMTB wants to increase its ship financing portfolio from $16bn to $20bn
CTM unveils Thomas Huge-Christensen as its new CFO as Luigi Pucini steps down New CFO brings with him over 20 years of experience at top-tier shipping companies
Profit utopia: MOL chief targets 'good years and very good years' Japanese shipowning giant sees diversification as a path to riding the highs without suffering the lows, chief executive says
U.S. imports seen well below average for rest of 2025 Containerized imports are likely to take a hit from earlier-than-normal stocking up by retailers and expanding tariffs through the remainder of 2025, a trade group predicts.
Surprise move by China carriers ahead of U.S. port fees Container rates on the eastbound trans-Pacific fall by double-digits as ocean shipping braces for new U.S. port fees.
FedEx expansion at Detroit airport boosts parcel, freight capacity FedEx has consolidated its parcel operations and moved into a bigger air freight terminal in Detroit.
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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