USTR could ease some Section 301 measures on Chinese maritime dominance The U.S. Trade Representative's office (USTR) announcement that it would take sweeping measures under Section 301 of the Trade Act of 1974, began a process that included taking into account public comments
IRISL as Iran's operational arm amid ongoing nuclear negotiations with US Islamic Republic of Iran Shipping Line Group (IRISL), as the maritime backbone of Iran's international trade, is once again at the center of geopolitical friction following reports of Iranian procurement of sodium perchlorate from China, a feedstock used in ballistic missile propellant. With nuclear negotiations ongoing since April 12, 2025, and new US sanctions targeting IRGC-linked procurement
Slight gains for bunker indexes At the close of the 23rd week of the year, the global bunker indices published by Marine Bunker Exchange (MABUX) showed moderate gains. The 380 HSFO index increased by US$4.69 to US$466.83/MT, the VLSFO index climbed by US$7.03, reaching US$540.60/MT, and the MGO index rose by US$4.92 to US$722.17/MT. "As of the time of writing, the market continued to exhibit a moderate upward trend," commented
One-Way Leasing should define 'what's next' in global container shipping The global supply chain of old seems to be in an upheaval, and a growing stack of empty containers might not be able to make their way home from American ports. Uncertainty is stalling the industry's momentum, according to Maritime Analytica, because of high freight costs, digitalization and investments in sustainability. All is adding to a possible supply-chain crisis, which - some say - is righ
Strategic investments reshape Eastern Mediterranean logistics landscape Amid mounting geopolitical volatility in the Eastern Mediterranean, a wave of strategic port and logistics investments in 2025 signals a broader shift in regional trade dynamics. The port investments in Tartus and Latakia (Syria) and Ain Sokhna, Alexandria, and East Port Said (Egypt) in 2025, alongside the investment in the Eurobridge Intermodal Terminal in Batiovo, Ukraine, announced by Hamburge
Brunei Darussalam launches Maritime Single Window in collaboration with Kale Logistics The Maritime and Port Authority of Brunei Darussalam (MPABD) has officially launched its national Maritime Single Window (MSW), a key digital platform developed in collaboration with Kale Logistics Solutions and its strategic partner, Primatel Communication Sdn Bhd. The system is now live and operational across Brunei Darussalam. The launch ceremony was officiated by Yang Berhormat Pengiran Dato
Wan Hai ship suffers explosion in India; Four seafarers missing Four seafarers are missing after an explosion on a Wan Hai Lines container ship today (June 9). Indian Defence Ministry said the fire was reported around 10.30 am local time while the Singapore-flagged 4,250 TEU Wan Hai 503 was about 80km southwest of Azhikkal town in Kerala, India. Of the 22 crew members onboard, 18 abandoned the burning ship and evacuated on a life raft. Defence officials said
Trade talks in London: Strategic reset or tactical delay? The upcoming round of negotiations in London, framed as part of the China-US Economic and Trade Mechanism, reflects a moment of tactical détente, rather than a strategic breakthrough. The May 2025 total reset in Switzerland offered immediate, though fragile, tariff reductions, 30% US tariffs, and 10% Chinese tariffs
Indonesian Batu Ampar Container Terminal receives new cranes In May, Batu Ampar Container Terminal, located in the Indonesian city of Batam across the Singapore Strait from Singapore, received five new ship-to-shore cranes. Built from Chinese port equipment manufacturer ZPMC, the new machines are part of the second terminal's phase development (of three), according to DynaLiners. This will ultimately see two mobile harbour cranes and 12 rubber-tired gantri
Maldives progresses with Thilafushi Port Development Project The state-owned Maldives Ports Limited is proceeding with the US$255 million Thilafushi Port Development Project on the (artificial) island of the same name, according to DynaLiners. The port will be around 7-8 kilometres west of the capital island, Male, where the country's main outlet, Male Commercial Port, is located. The first phase of the Thilafushi development will see the construction of a
Baltic Hub inaugurates T3 Terminal Baltic Hub has officially opened its new T3 terminal in Gdansk, marking a major advancement in Poland's maritime infrastructure and further solidifying the country's position in the global supply chain. The inauguration ceremony gathered government officials, regional authorities, and industry leaders to celebrate one of the most significant port investments in the Baltic Sea region. Occupying 36
Maersk applies new PSS to South Africa and Mauritius Danish container line Maersk is introducing a peak season surcharge (PSS) for shipments destined for South Africa and Mauritius. Effective from 23 June (and 9 July for Taiwan), the peak season surcharge will be as follows: Origin Destination Currency ALL_20_DRY ALL_40_DRY China / Hong Kong / Indonesia / Japan / South Korea / Malaysia / Philippines / Singapore / Cambodia / Laos / Myanmar (Burma) /
Georgia Ports welcomes new tugs to enhance operations at Port of Brunswick Georgia Ports Authority (GPA) has announced the arrival of a new tugboat, the Shiney V. Moran, at the Port of Brunswick. Operated by Moran Towing Company, the tugboat joins the Diane Moran as the latest addition to support Brunswick's ship operations. In 2024, GPA's Brunswick terminals recorded 733 vessel calls, including 614 Roll-on/Roll-off (RoRo) vessels, 89 breakbulk carriers, and 30 bulk car
Streamlining Your Supply Chain: Key Traits to Look for in a Third-Party Logistics Provider Image by Elevate on Pexels Streamlining your supply chain starts with picking the right third-party logistics (3PL) provider. A solid 3PL can cut transit times, reduce mistakes, and let your team focus on growing the business, but how do you know which provider fits the bill? Here are six traits to watch for when choosing a 3PL that keeps your operations running smoothly. 1. Advanced technology a
Iran and Uzbekistan sign agreement for Shahid Rajaee port development Iran and Uzbekistan have signed a Memorandum of Understanding (MoU) aimed at enhancing shipping and logistics cooperation, opening the door for Uzbek private sector investment in Iran's Shahid Rajaee Port. The MoU was formalized in Tehran by Bekzod Kholmatov, Director General of Strategic Policies at Uzbekistan's Ministry of Transport, and Kazem Salehi, Director General of Transit, Logistics, and
MSC announces freight rates from Far East to North Europe, Mediterranean and Black Sea MSC has announced updated freight rates effective from 15 June 2025 until further notice, but no later than 30 June 2025. These rates apply to cargo originating from all Far East ports, including, but not limited to, those in Japan, Korea, and Southeast Asia and destined for ports in Northern Europe, the Mediterranean (covering West Med, East Med, the Adriatic, and North Africa), and the Black Se
Four missing in Wan Hai boxship blaze off India A fire and explosion aboard the Singapore-flagged containership Wan Hai 503 have left four crew members missing off the southwest coast of India. The incident occurred on Monday around 12.30 hrs Singapore time, some 80 km southwest of Azhikkal, Kerala. The 4,333 teu vessel, operated by Wan Hai Lines, had 22 crew members onboard at ...
Chicago PE firm teams with Manish Singh to set up shipping tech acquisition fund Chicago-based private equity firm GTCR has formed a partnership with well-known shipping investment consultant Manish Singh, understood to be worth hundreds of millions of dollars, to acquire maritime tech companies. Singh will serve as CEO of the newly formed Maris Investments, and has also made an investment alongside GTCR. Singh, a former seafarer, was previously ...
Nova Scotia premier pitches 40GW offshore wind energy plan The Canadian province of Nova Scotia has proposed a major offshore wind project with the end goal of constructing enough turbines to generate 40GW of electricity over the next decade. The premier of Nova Scotia, Tim Houston, outlined the plan, which would, if executed, cover around 27% of Canada's current electricity demand. Houston hopes that ...
Diana Shipping charters out panamax to Stone Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its panamax vessels. The company hired the 2014-built, 77,529 dwt ice-class bulker Atalandi. The gross charter rate is $9,000 per day for the 35 days of the charter period and $10,100 per day for the balance period ...
New ship orders plummet The global shipbuilding industry is currently experiencing a significant downturn in newbuilding orders, primarily due to regulatory uncertainties and geopolitical tensions. This decline is particularly evident in the dry bulk sector, where new orders have plummeted to what UK consultants Drewry has described as historic lows. In a new report, Drewry cited weak freight rates, ...
Navios locks in triple return on boxship flip New York-listed Navios Maritime Partners has confirmed the recently reported sale of its 15-year-old panamax boxship, achieving a tripling of its original investment in the S&P market alone. The Angeliki Frangou-led company said it had offloaded the 2009 Jiangsu New Yangzijiang-built 4,250 teu Navios Tempo for $35.5m after purchasing the unit in 2017 for just ...
Court-challenged wind project off Maryland cleared to start construction US Wind's wind project off Maryland is now clear to begin construction after receiving the final required permit from the state. The final approval by the Maryland Department of the Environment was for the air quality permit application submitted by the company in November 2023. Under the construction plan, the project, located some 15 km ...
USTR makes concessions for car carriers and LNG shipments in latest China tonnage port fees twist For car carriers and LNG tankers, the US Trade Representative (USTR) on Friday rowed back on plans to penalise Chinese-linked tonnage. In April, the USTR detailed plans to start charging China-linked tonnage calling at US ports from the middle of October this year, in a bid to both curb China's dominance in the field of ...
Shell taps Subsea 7 for work on gas field off Trinidad and Tobago Offshore engineering and services player Subsea 7 has won a contract for work on Shell's Aphrodite gas project offshore Trinidad and Tobago. The project involves the transportation and installation of subsea equipment at the Aphrodite development, located within Block 5a, at water depths of up to 290 m. Project management and engineering activities will begin ...
Nissen Kaiun books three LR2s at HD Hyundai yards Japanese shipping giant Nissen Kaiun has contracted three LR2 tankers from South Korea's HD Hyundai Heavy Industries. Two of the 115,000 dwt vessels will be built at HD Hyundai's Agila Subic Shipyard in the Philippines, with delivery slated for the first quarter of 2028. The third will be built at HD Hyundai Vietnam Shipbuilding's yard ...
UNESCO appeals for ships to sign up to scientific mission to track health of world's oceans Dignitaries from across the world have flown into Nice on France's Cote d'Azur for this week's United Nations Ocean Conference. The United Nations Educational, Scientific and Cultural Organization (UNESCO) will seek this week to get as many as 10,000 commercial ships signed up to help with its scientific mission to get a better understanding of ...
Offshore vessels get the Tripadvisor treatment A seafarer has launched a new website, OffshoreShipAdvisor.com, designed to serve as a Tripadvisor-style platform for seafarers and offshore workers. The goal is to allow crewmembers to rate and review living conditions onboard vessels, helping to improve overall standards and transparency across the industry. The creator of the site, speaking on condition of anonymity, told ...
American captain charged with sexual assault The US Department of Justice has filed criminal charges against former ship captain John Merrone, alleging he drugged and sexually assaulted a US Merchant Marine Academy (USMMA) cadet aboard an American-flagged cargo ship. Justice4Mariners, a law firm that represents survivors of maritime injury and abuse, is counsel for the survivor - now a graduate of ...
NRF peak-season forecast remains subdued despite tariff-reprieve bounce The import numbers are starting to come in for May, and they're ugly. The question now is whether the 2025...
Final US port fee plan won't be released until July at the earliest If you're a ship operator planning global deployments that extend beyond mid-October, you'd like to know what the rules will...
Why shipping is sounding more bullish on short- and long-term risk factors Lloyd's List's editor-in-chief Richard Meade brings you the behind-the-scenes chatter from Nor-Shipping 2025, where many in the industry are more...
LNG carriers may end up paying to pollute LNG carriers may end up paying to pollute rather than switching to bio- or e-LNG in coming years because of...
The week in newbuildings: Coated aframax tankers in vogue Two shipowners ordered coated aframax tankers in the past week, while South Korea-based Pan Ocean contracted two VLCCs in South...
Transpacific box rates lose steam as carriers undercut for cargo Transpacific spot freight rates have retreated from recent highs as an influx of capacity - including aggressive rate-cutting by returning...
The week in charts: Iran gas shipments to China plow on despite increased scrutiny | Container volumes continue to surprise | Panama blasts 'misleading' complicity claims Tehran's outflows remain robust, despite Trump administration's 'maximum pressure' campaign; While US tariffs weakened North American imports, Asian exports remained strong...
Danaos Management merges with Procureship following private equity buyout A US fund, with no previous experience in maritime, has quietly been buying up key names in the Greek tech...
Four missing in Wan Hai boxship fire off India The ship's crew of 22 are reported to have jumped overboard, with five injured and four seafarers still missing
South Korean yards gain market share amid US-China tensions and global order downturn Despite market share gains, overall new ship orders remain 45% down year on year, raising uncertainty whether South Korean yards can...
China Shipowners' Association opens London office Through new initiatives such as the 'RISING' framework and calls for greater collaboration, China is seeking a stronger voice in...
Shipping has 'obligation' to protect oceans, says IMO secretary-general The IMO will announce two new industry alliances at the UN Ocean Conference in Nice, which officially opened today
Berge Bulk in first VLOC recycling sale since 2021 Berge Bulk's 268,000 dwt Berge Fuji has been sold for Indian sub-continent recycling for circa $16.5m
The Daily View: Stoic meditations from shipping
Daily Briefing What's keeping shipping awake at night? Five key takeaways from Nor-Shipping 2025 | Race is on to save Zodiac Maritime...
Pause on tariffs prompts US retailers to upgrade summer import forecast Cargo landing at the country's ports in July will be 20% higher than the forecast made just last month by the National Retailer Federation and Hackett Associates.
Car carrier operators face changes to USTR voyage fee plans In a 10-page notice published Friday, the USTR said it was now proposing a fee of $14 per net ton on foreign-built vehicle carriers, including roll-on/roll-off (ro/ro) vessels, arriving in US waters.
US chassis providers getting equipment ready for US import surge TRAC Intermodal, DCLI and FlexiVan Leasing began unstacking chassis shortly after the Trump administration last month announced a 90-day pause on the 145% tariffs on Chinese imports.
Cross-border truckload marketplace expands into Canada Demand from Cargado's freight broker customers to add US-Canada carriers to its vetted network led the company to move to the northern border.
Cargo origin will determine trade war winners and losers among US coasts Since the West Coast's share is higher for China-originating freight than any other region, any move away from China by importers can be expected to negatively affect the USWC's share of inbound cargo, writes Larry Gross.
NYK banks on semi-autonomous shipping to ease Japan's crew crisis 'Unmanned operation is not the objective' as Japanese shipping group and technology firm carry out demonstration project with four ships
Pakistani captain convicted of charges related to smuggling weapons to Houthis US federal jury finds Muhammad Pahlawan guilty in case that opened window to Iranian smuggling network
Handysize bulker spot rates for US Gulf Coast exports rise to near seven-month high Steady demand meets thin availability list to lift sentiment
Proponents of Trump's One Big Beautiful Bill tout Coast Guard investment as controversy continues Coast Guard hearing came as president and Elon Musk feuded over massive spending bill
Shipping veteran teams with $50bn private equity group to hunt maritime tech takeovers US-based GTCR forms Maris Investments with Manish Singh at the helm
Boxship blast leaves four seafarers missing Smoke seen rising from Wan Hai Lines container vessel off the coast of India
Hayfin's Andreas Povlsen explains value of scale and the trials of a public listing Alternative financier says more consolidation is needed as he aims for greater diversity in Hayfin's own fleet
Container ship blast leaves four seafarers missing Smoke seen rising from Wan Hai Lines containership off the coast of India
Divers battle to cap fuel leaks from sunken MSC boxship Indian officials say nurdles and containers have washed up on coastline of Kerala
Rising star Eman Abdalla leaves Cargill, destination unknown Influential voice on digital efficiency and sustainability also has roles in other prominent outfits
Divers battle to cap fuel leaks from sunken MSC container ship Indian officials say nurdles and containers have washed up on coastline of Kerala
Eni hooks up with YPF targeting Argentina LNG's larger FLNG units Two more giant floaters could be in making for Italian company as it grows geographical spread
Container ship newbuilding orders hit fresh all-time high Boxship orderbook veers towards 10m teu and one-third of the fleet
Caravel becomes second-biggest shareholder in Pacific Basin Shipping Hong Kong group began building its stake in the owner-operator earlier this year
VLCC rates hit 'rock-bottom' as markets sink to five-month lows Brokers argue there is no further for big tanker earnings to fall
Stricken MSC boxship has more fuel tanks emptied as lightering vessel arrives General cargo ship Eems Dublin on site to take more containers from grounded vessel
Crude 'cannibals' return as brokers count 10 suezmax tankers fixed to load clean cargoes LR2 rates to come under pressure as bigger vessels muscle in on trades
Caravel Group becomes second-biggest shareholder in Pacific Basin Shipping with new buys Hong Kong group began building its stake in the owner-operator earlier this year
MOL property arm buys London office for Europe-Africa HQ Japanese shipowner said $229m deal was part of a strategy to invest outside key shipping markets
Singapore firm moves into shipowning with order in Germany Lloyd Werft to build first cable-layer for engineering group
Arne Blystad lines up first container ship newbuildings in four years Norwegian owner has made a provisional order for three newbuildings at Jinglu
Radziwill's Stone Shipping forces down rate for Diana bulker Charterer picks up panamax for $4,000 per day less than current deal with Cargill
Clarksons predicts demand growth for shuttle tankers as orderbook hits $2.9bn Research boss Stephen Gordon notes new fields will need specialist ships
Cleaves fund dumps Golden Ocean and Hafnia stock in 'volatile' markets Norwegian investment bank is cautious in the short term, but bullish on shipping's long-term prospects
Hayfin's Andreas Povlsen plots to top $600m debut for second maritime fund Alternative financier's maritime chief tells TradeWinds there are many opportunities for the right deal
Somtrans doubles up on LNG bunker vessel newbuildings Family-run company thinks big on LNGBVs with option on third unit also penciled in
Radziwill's Stone Shipping forces down rate for Diana bulker Charterer picks up panamax for $4,000 per day less than current deal with Cargill
'Huge gap in knowledge': Security firm Ambrey targets tech-backed growth as maritime risks grow Armed guard provider for ships in the Red Sea has expanded its operations in a period of turmoil
DHL Express locks out workers in Canada, adding to parcel uncertainty DHL Express Canada says it has taken steps to minimize any disruption from a lockout and strike over a contract dispute with union workers.
Retailers see cargo surge coming The pause in tariffs will boost containerized imports through U.S. ports this summer, according to the National Retail Federation, but at lower levels than a year ago.
Canada Post, mail carriers remain far apart on contract as talks resume Canada Post and its unionized letter carriers are negotiating again on a collective bargaining agreement, but their inability to resolve differences is compounding problems at the national mail carrier.
WATCH: Four crew missing after container ship explosion off coast of India Four sailors are missing and five were injured after an explosion aboard a Singapore-flagged container ship off the coast of India.
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