Glosten CEO to open Marine Log's FERRIES 2025 Marine Log's 38th annual FERRIES Conference will open on November 4 with Morgan Fanberg, P.E., president and CEO of naval architecture firm Glosten, as the first speaker. The conference is being held
Damen inks 24-vessel Royal Navy auxiliary fleet deal with Serco Back in May, Serco U.K. was awarded contracts with a combined value of over £1 billion by the U.K. Ministry of Defense (MoD) to provide maritime services for the Royal Navy. That
BMT unveils new Ellida Strike multi-role warship concept design Unveiled by BMT at this week's DSEI UK 2025 defense event in London, Ellida Strike is a forward-looking conceptual design of what a future multi-role strike ship (MRSS) could offer the U.K.
Maersk to end participation in New Brazex service Maersk has announced it will terminate its participation in the New Brazex service as part of its ongoing efforts to optimize network reliability and coverage. The final southbound sailing will be on CMA BERLIOZ 540S (or substitute), departing Veracruz on October 2, 2025. The final northbound sailing will be CMA BERLIOZ 544N (or substitute), departing Paranagua on November 1, 2025. Following this
MSC adjusts Carioca service rotation MSC has announced a port rotation change to its Carioca service, adding a direct call at Itapoa to enhance trade access to the Southern Brazilian market. The adjustment aims to improve service reliability and strengthen direct connectivity between the Far East and Southern Brazil. The first sailing under the new rotation will be on MSC ADELE , voyage QI532A. The post appeared first on Container
Damen wins 24-Vessel UK Navy order Damen Shipyards Group has signed a major contract with Serco to deliver 24 vessels for the UK Royal Navy. The order forms part of the Defence Maritime Service Next Generation (DMS NG) Vessel Replacement Project, which will modernize the navy's auxiliary fleet. Serco recently secured a ten-year contract with the Royal Navy to provide maritime services at His Majesty's Naval Bases in Clyde, Devonpo
PortXL marks 10 years and welcomes 2025 cohort PortXL is celebrating its 10th anniversary by unveiling the start-ups selected for its 2025 accelerator program. Founded in 2015, the Rotterdam-based initiative has grown into the world's first dedicated maritime start-up accelerator. Over the past decade, PortXL has supported 132 start-ups and scale-ups, helping them secure over €191 million in funding. The program has achieved an 83% survival r
China's trade pivot reshapes supply chains Beijing's record trade surplus masks dramatic shift away from US markets as shipping networks undergo fundamental restructuring
Konecranes wins 355-ton crane order in Norway Konecranes has secured an order from Sunnhordland Kraftlag AS (SKL) to deliver a 355-ton maintenance crane to the Blåfalli Fjellhaugen hydropower plant in Norway. The deal, booked in July 2025, covers the full crane system, rail installation, power supply, and commissioning. Delivery is set for early 2026, with on-site arrival in March. The crane will play a key role in plant maintenance, handlin
Wärtsilä's Kari Hietanen to retire in 2026 Wärtsilä has announced that Kari Hietanen, Executive Vice President of Public Affairs and Sustainability, will retire in spring 2026. Hietanen, who joined the company in 1989, has held several leadership roles over his 37-year career. He will step down from Wärtsilä's Board of Management at the end of this year. From 1 January 2026, his responsibilities will be divided among other board members.
MPA and DP World Canada formalize agreement for container terminal The Montreal Port Authority and DP World Canada have formalized a Joint Development Agreement to advance the Contrec�ur container terminal project. This agreement, executed on August 28, integrates DP World into Montreal's terminal operations ecosystem and represents a significant milestone in Canada's port infrastructure development. The joint development agreement establishes a structured imple
Gulftainer appoints new senior executives Gulftainer has announced three strategic executive appointments to its leadership structure, representing a critical advancement in the organization's transformation trajectory. As the organization transitions into its next developmental phase, strategic focus centers on optimizing existing core assets while cultivating complementary capabilities. The company's foundational infrastructure maintai
Opportunistic operator Chenxin Shipping books boxship newbuilds Newcomer Chinese container line Chenxin Shipping has made its ship-owning debut, with newbuilding orders for two 4,350 TEU ships and two 1,900 TEU ships at compatriot Yangzhou Wanlong Shipbuilding. The prices of the newbuildings, expected to be delivered in 2028, were not disclosed, but a 4,500 TEU vessel is priced around US$60.5 million while a 1,900 TEU ship is priced around US$32 million. This
CMA CGM launches MAESTRALE short-sea service CMA CGM's Short Sea Lines Division will launch MAESTRALE, a new Intramed service, starting October 5, 2025, from Malta. The weekly service will deploy two vessels, providing direct and fast maritime connections between Malta, Durres (Albania), Rijeka (Croatia), and Salerno (Italy). MAESTRALE strengthens CMA CGM's regional coverage, offering reliable short-sea options for customers across the cent
NCFI drops 6.8% on weak demand According to Japan International Freight Forwarders Association (JIFFA), the Ningbo Containerized Freight Index (NCFI) slipped 6.8% in Week 36 to 1,023.2 points. Spot rates for container exports from Ningbo fell across most trade lanes as demand came in weaker than expected. Out of 21 routes tracked, only three saw freight rate increases, while 18 recorded declines. Among major Maritime Silk Road
Hiab and Forterra team up to advance autonomous load handling Hiab has signed a strategic partnership with Forterra to accelerate the development of autonomous trucking and load handling solutions. The agreement brings together Hiab's expertise in automated load-handling equipment with Forterra's proven autonomy platform. Forterra is best known for its AutoDrive® system, the most widely deployed ground autonomy platform in defense. The company has over a de
Top European Container Shipping Companies are at the core of global maritime trade, moving millions of TEU across major routes and shaping the future of logistics. Based on the latest figures from Alphaliner , this ranking highlights the ten largest container carriers headquartered in Europe. From worldwide leaders like MSC, Maersk, and CMA CGM to regional specialists, these companies define Europe's critical role in containerized shipp
PIL launches new Korea-China-Indonesia service Pacific International Lines (PIL) is set to strengthen its intra-Asia network with the launch of a new weekly Korea-China-Indonesia (KCI) service. The service will begin on 13 October 2025, starting from Busan. The new loop provides direct connections from Korea and central China to Indonesia, while also calling at Vietnam. It follows the recent launch of PIL's North China Indonesia (NCI) service
BIO-UV develops containerised ballast water system BIO-UV Group has successfully developed and tested a containerised ballast water treatment system. The unit is designed for floating offshore wind projects. Floating platforms moving across territorial waters face ballast water compliance challenges. BIO-UV's solution adapts its BIO-SEA technology into a standard TEU container. Operators can now treat ballast water on-site during assembly, transp
CTS: Global container volumes hold strong in July Global container trade continued to show strength in July 2025, with volumes hitting 16.57 million TEUs. That's up 3.9% from June and 4.5% higher compared with the same period in 2024. Against 2023, volumes are now running 12% ahead. For the first time in the CTS database, global volumes have stayed above 16 million TEUs for three straight months. The data highlights the resilience of container t
Finsea24 Review: Fintech 2025: AI, Blockchain & Quantum in Finance Things will be very different at work this year, 2025. AI, blockchain, and quantum computing are no longer just words. They are used in real life. The way we deal, spend, and handle our money is changing because of these real tools. Finsea24.com and other platforms like it make it easier for dealers, traders, and regular people to use these new tools to improve their money decisions. AI in Financ
WR Logistics appoints Miguel Salas as CEO for Spain WR Logistics has named Miguel Salas as Chief Executive Officer for Spain, effective immediately. The move strengthens the company's presence in Southern Europe and supports its wider global growth strategy. Based in Madrid, Salas will oversee WR Logistics' Spanish operations, focusing on project logistics and heavy lift services. His role includes leading project delivery, driving customer engage
FESCo showed positive results Russian state-owned transportation company FESCo achieved another strong six-month period of cargo growth, handling 309,000 TEU, an 8% year-over-year increase driven by positive performance in both international and domestic market segments. The liner logistics division saw revenue rise 14% to US$ 986 million. Despite increased turnover, segment EBIT declined 20% to US$ 53 million. At the consoli
Hapag Lloyd and MSC remove Itapoa from their service Hapag-Lloyd and MSC have eliminated Itapoa from their joint ECX/NWC to SAEC string 1 service rotation. The port will now be served via transshipment operations, with Hapag-Lloyd utilizing Rio de Janeiro as the hub to connect with the Mediterranean-based MSE/West Med to SAEC service operated by the same partnership. The current itineraries for these interconnected services are: ECX/NWC to SAEC str
Navios Partners snaps up boxship newbuild resales in $460m deal Greece's Navios Maritime Partners has confirmed its latest move in the boxship newbuilding market with four ships snapped up in a $460m resale deal. The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party. The quartet comes backed by charters running 5.2 years, worth ...
Turkey's GSD Marin returns to Japan for fresh ultramax order Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a joint venture between Imabari Shipbuilding and Japan Marine United, set ...
Scorpio Tankers offloads modern MR for $42m Monaco-headquartered Scorpio Tankers has struck a deal to sell one of its modern MR product carriers. The New York-listed company is selling the 2020-built scrubber-fitted STI Maestro to an unnamed buyer for $42m, with the sale expected to close in the fourth quarter. Brokers have linked the vessels to Vasileiadis-led Venergy Maritime, a Greek tanker ...
Samsung Heavy debuts nuclear-powered gas carrier design Samsung Heavy Industries announced at the opening of the giant Gastech event in Milan today it has received approval in principle (AiP) for a 174,000 cu m LNG carrier powered by a nuclear small modular reactor (SMR). The certification, a world first, has been granted by the American Bureau of Shipping (ABS) and the Liberian ...
NYK issues fraud alert after bogus payment requests Japanese shipping giant Nippon Yusen Kaisha (NYK) has issued a warning after reports of fraudulent emails and social media messages surfaced, falsely claiming to represent the company. The messages, which NYK says are part of a scam, request payments in Iranian Toman or Rial for cargo pickup. The company underlined that it has never made ...
Anglo Teck merger creates top five global copper producer Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world's largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among the top five copper players globally, with copper making ...
Jindal Steel makes rare move for bulk carrier Jindal Steel, one of the largest private steel producers in India, is tied to its first large bulker purchase of the decade. Broker sources tell Splash that the outfit has quietly tapped UK's Anglo International Shipping for a mini-cape, the Anglo Saxon, now named Iron Crusader, tabling $14.5m for the 114,200 dwt, Chinese-built bulker. This ...
RWE pens $3.7bn Apollo deal for stake in German TSO German utility RWE and US-based asset manager Apollo Global Management have agreed to a long-term partnership to secure funding for RWE's stake in Germany's transmission system operator (TSO) Amprion. Amprion is one of Germany's four TSOs and operates the transmission grid in the country's economic heartland, which spans across seven German federal states, serving approximately ...
Indian owners hunt suezmax tonnage August and September have been busy months for India's tanker owners. Market sources tell Splash that local players are bidding for tonnage as refiners grow increasingly wary of Washington's tightening grip on Russian crude. This week, privately held, Mumbai-headquartered Seven Islands Shipping has been noted by brokers to be in the process of expanding its ...
DP World selected to spearhead Montreal port expansion As part of the Port of Montreal expansion project in Contrec�ur, the Montreal Port Authority (MPA) and DP World in Canada - a joint venture between DP World and institutional investor La Caisse - have entered into a joint development agreement for the design of the land-based works of a future container terminal. DP World ...
Spanish ports closed to arms for Israel Spain has banned ships and aircraft carrying weapons or military-grade fuel to Israel from calling at Spanish ports or entering its airspace due to Israel's nearly two-year-long military offensive in Gaza. "There is a difference between defending your country and bombing hospitals or starving innocent children," Spanish prime minister Pedro Sanchez stated in a social ...
BW Energy secures $365m in funding for Brazilian FPSO Norway's BW Energy has secured a $365m facility to fund the refurbishment and redeployment of the Maromba FPSO to its namesake field offshore Brazil. The project finance facility, backed by China Export & Credit Insurance Corporation, was significantly oversubscribed and will cover approximately 80% of the total FPSO project cost. The facility has an interest ...
Interoperability is shipping's new infrastructure Wolfgang Lehmacher has a rallying call today to wire the waterfront. Ports and carriers that wire for interoperability now will gain speed, reduce risk, and pull ahead as trade corridors transition fully to digital law, data, and trust. This is the hard-edged message from the International Chamber of Commerce's Digital Standards Initiative July 2025 roadmap, ...
Lianson Fleet sheds 2013-built anchor handler Malaysia's Lianson Fleet Group (LFG), formerly known as Icon Offshore, has sold one of its anchor handlers for RM28.13m ($6.68m). The sale of the vessel is in line with the company's ongoing fleet rejuvenation and business diversification strategy. The company is selling its 2013-built Malaysian-flagged DP-1 anchor handling and supply tug vessel, Icon Samudera, to ...
Three ideas to fix the trillion-dollar green finance problem A new report outlines the pros and cons of new schemes for funding green shipping projects. They will be difficult...
Iran LPG loadings rebound in August Iran loadings of LPG rebounded in August after dipping in July, and remain on pace to exceed 2024 figures
Navios Partners clinches four 8,850 teu newbuilds with five-year charters US-listed owner continues boxship investments with $460m 'methanol-ready' quartet equipped with scrubbers
Tanker rates climb as winter demand and geopolitical tensions fuel market optimism New EU sanctions, refinery turnarounds and Opec+'s production hike set to buoy tanker rates
DP World signs agreement to construct new Montreal container terminal Montreal Port Authority has signed a landmark agreement with DP World in Canada to design and operate a new 1.2m...
Supply chain shifts provide 'compelling case' for DFDS North Africa route investment While DFDS is boosting capacity on services from Algeciras to North Africa, the company remains committed to a fleet renewal...
HD Hyundai warns of lasting damage as strikes escalate amid merger uncertainty The union is staging consecutive seven-hour strikes this week at the Ulsan shipyard, pressing for higher basic wages, additional benefits...
Off-specification VLSFO on the rise in Europe Samples tested in Amsterdam-Rotterdam-Antwerp, Skagen and Piraeus have shown an increase in very low sulphur fuel oil samples with levels...
Jinjiang Shipping adds 1,182 teu newbuilds amid intra-Asia trade growth Intra-Asia trade growth and limited small-ship supply drive new feeder orders
The Daily View: Shifting sands
Marine insurers could be left behind in dash to AI Move now or it could soon be too late, Khanna warns
Sanctions forcing underwriters to reconcile opposites, Roberts warns Rules inhibit maritime trade that marine insurance is designed to facilitate
China now core hull insurance centre, IUMI told Tsakiris castigates underwriters for failure to maintain discipline
IMO revenues will flow to richer countries without redistribution, study finds Richer countries with the means to be early movers on decarbonising shipping will get outsized benefits from the IMO Net-Zero...
Daily Briefing Global marine insurance premiums hit all-time high | Globalisation almost over for marine underwriters, warns IUMI president | Politics not...
CN-CSX joint service to connect west Canada and Nashville The two Class I railroads will collaborate on a service to replace the trucking leg for goods moving from CN's Memphis terminal to the Music City.
'Excess' truck capacity to linger through 2027: FTR The US trucking market is stable, and it's likely to stay that way until demand increases truck utilization significantly, FTR said at its 2025 transportation conference.
Early peak, new vessels could tip Asia-Europe into overcapacity Despite freefalling spot rates and lackluster demand expectations for the fourth quarter, carriers have been far more conservative in blanking sailings this year.
Strong secondhand container ship demand defies deteriorating market Despite weakening supply-demand fundamentals, container vessel charter rates are rising, and carriers are neither idling nor scrapping ships.
Asia-Europe carriers face capacity managing challenge as demand slows Despite freefalling spot rates and lackluster demand expectations for the fourth quarter, carriers have been far more conservative in blanking sailings this year.
Falling US LTL volumes putting pressure on margins, rates Cracks may be appearing in the LTL pricing wall, as shipment levels drop, but LTL costs remain elevated compared with pandemic-era rates.
Speedy scrap sale concluded on LNG carrier owned by NYK Group and Osaka Gas Demolition of steam turbine vessels hits new heights with more expected this year
US senator proposes task force to prep sanctions against China to protect Taiwan Move comes after other Republican lawmakers address cyber security of Chinese port equipment
Hello NAV! Some tanker stocks are finally trading above steel valuations Prevailing price discounts have had implications ranging from IPOs to follow-on equity deals
They didn't know: Torm confirms it was in the dark on Hafnia-Oaktree talks New York-listed Scorpio Tankers tips its hand as to a pursuit of Danish rival
How to spend $10bn a year decarbonising shipping Latest UCL report urges fair allocation of shipping carbon levy
Anglo American strikes $53bn merger to forge copper powerhouse Synergies at adjacent Chile mines expected to lift annual production
Sanctions hit home: Shadow tankers pushed out of South American trades by mainstream ships, BW executive says Change in the nature of the product tanker fleet marks a success for targeted sanctions
Greek owner Avin linked to asset play for suezmax from 2018 Toisa bankruptcy Major tanker owner has a window to sell three oil carriers of former Callimanopoulos Group, at a fat profit
How chronic boredom is driving maritime casualties UK's top accident investigator says bridge systems must create alerts that cut through watchkeeper drudgery
Start-up accelerator takes in new round of young companies hoping to make it big in maritime Will shipping's next big thing emerge from Dutch programme?
Danaos dives in on container feeder ship newbuilding duo in China Owner returns to familiar shipbuilder as it snaps up early slots
Price-cutting newcomers drive competition for marine insurers despite 'intensifying' risks Industry warns that price-cutting is unsustainable as risks pile up from ageing fleet and untested technology
Danaos dives in on container feedership newbuilding duo in China US-listed owner returns to familiar shipbuilder as it snaps up slots
Turnaround strategy reaps rewards for James Fisher Maritime division logs weaker first-half results
Stena Line buys operations in Latvia's third-largest port Swedish ferry company will acquire all shares in port operator Terrabalt
How multi-billion-dollar funding gap to decarbonise shipping can be closed Lloyd's Register and Environmental Defense Fund highlight need for rapid innovative finance
Mobster-like operations fuel flourishing false-flagging ruse Rise of flag-hopping shadow fleets exposes limitations of IMO's powers to crack down on rogue registries
Peter Livanos-backed GasLog eyes Hanwha Ocean LNG carrier newbuilding berths Company said to be seeking firm business, as talk of charterer circulates
Frontline director James O'Shaughnessy cashes in $1m options after stock rally Move comes after tanker titan's share price soars since the spring
LNG dual-fuel capesize bulker fleet keeps Anglo American shipping going green High costs of new fuels and alternative vessels remain hurdles
'Alarming': Price-cutting newcomers drive competition for marine insurers despite 'intensifying' risks Industry warns that price-cutting is unsustainable as risks pile up from ageing fleet and untested technology
South Korean shipowner Dongjin inks its first newbuilding order in China The feeder liner company ordered three newbuildings at Yangzijiang Shipbuilding
Shipowner BW Epic Kosan to fit wind sail to LPG carrier Contract marks first move into sector for developer Bound4blue
Frontline director James O'Shaughnessy cashes in $1m options after stock rally Move comes following a significant rise in the tanker titan's share price since the spring
NYK floats 25-year-old LNG steamship for demolition sale Moss-type ship said to be attracting interest
'Certain' as can be: Why Hafnia's pursuit of rival Torm will end with a mega-deal Streetwise explores why experts see a deal as inevitable, and how Oaktree is pushing it forward
LNG dual fuel capesize buker fleet keeps Anglo American shipping going green High costs of alternative fuels, alternative vessels remain major hurdles
'Certain' as can be: Why Hafnia's pursuit of rival Torm will end with a mega-deal Streetwise takes a look at experts' confidence that a combination is inevitable, and Oaktree's important role in making it so
Tanker and VLGC bets pay off for shipping hedge fund Joakim Hannisdahl sees 'significant opportunities' on both long and short side
Improve crew vetting and cut alcohol use to stop sex attacks on ships, conference hears Operators and their insurers potentially liable for big payouts if they fail to take steps to ensure women's safety
Ubuntu fleet keeps Anglo American shipping going green High costs of alternative fuels, alternative vessels remain major hurdles
Container mishap shuts down Port of Long Beach pier The Port of Long Beach shut down operations at Pier G Tuesday after dozens of containers from a docked ship fell into the water.
New 'green' report for Port of Long Beach on-dock rail The Port of Long Beach has released a draft environmental report for its transformative Pier B on-dock rail expansion project.
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