Op-Ed: Advanced feedstocks offer commercially sustainable GHG compliance By Jesper Sørensen, Global Head of Alternative Fuels and Carbon Markets The regulatory landscape for shipping is evolving rapidly, and shipowners and operators now face a continuous cycle of planning, monitoring, reporting
VIDEO: Eastern Shipbuilding completes HOS Rocinante conversion to SOV Panama City, Fla.-based Eastern Shipbuilding Group, Inc. (ESG) has redelivered the HOS Rocinante,to Hornbeck Offshore Services following its conversion to a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV). The redelivery of the vessel
Indiana River & Rail expands steel barge capacity at Jeffersonville Indiana River & Rail Terminals (IRRT) recently expanded its capacity for handling barge shipments of steel and general cargo shipments at Ports of Indiana-Jeffersonville by 40%. The Ohio River terminal operator raised its storage
Austal USA lays keel of its first OPC: Pickering (WMSM 919) Austal USA yesterday hosted a keel laying ceremony for Pickering (WMSM 919), the first U.S. Coast Guard (USCG) Heritage-class Offshore Patrol Cutter (OPC) to be built at the company's Mobile, Ala., shipyard.
Port of New Orleans appoints Kristi App as CCO The Port of New Orleans (Port NOLA) announced the appointment of Kristi App as its new chief commercial officer (CCO). In her new role, App will lead commercial operations across Port NOLA's
Silver Ships delivers coastal fast response fireboat Theodore, Ala.-based Silver Ships Inc. has delivered a new fire rescue vessel to Florida's Destin Fire Control District.The 52-foot coastal fast response boat (CFRB), identified as M-19, is outfitted with four 425
Navy choice of Damen LST standard design is part of major procurement rethink Following major changes to the Constellation frigate program, Secretary of the Navy John C. Phelan said in a December 5 post on X that he was taking the second major step in
U.S. District Judge strikes down Trump halt on wind energy approvals In a ruling in U.S. District Court for the District of Massachusetts, Judge Patti B. Saris yesterday struck down President Trump's halt on approvals of all wind energy projects on federal lands
Seagate Space semisub is first launch platform to get ABS offshore spaceport AIP The Gateway-S unmanned semi-submersible launch platform developed by St. Petersburg, Fla.-based Seagate Space has become the first offshore asset to receive an approval in principle (AIP) under the newly published ABS Requirements
Samskip names Ólafur Orri Ólafsson as CEO Samskip has appointed Ólafur Orri Ólafsson as its new Chief Executive Officer. He succeeds Kari-Pekka Laaksonen. The company said the leadership change reflects continuity and a focus on long-term growth. Samskip will continue to invest in sustainable, multimodal logistics and digitalisation. Under Kari-Pekka Laaksonen's leadership, Samskip expanded its network and entered new markets. The compan
Waberer's finishes first build-to-own warehouse project early Waberer's Group has completed its first build-to-own warehouse project ahead of schedule. The company delivered the new facility to Magyar Posta at the end of 2025. The original deadline was the first quarter of 2026. The greenfield project produced a nearly 25,000-square-metre parcel logistics centre. The site gives Magyar Posta a modern hub designed for high-volume parcel handling. First projec
PortMiami announces an increase in cargo TEU volume PortMiami announced results for Fiscal Year 2025, which started October 1, 2024 and ended September 30, 2025, in both cruise and cargo operations. PortMiami also achieved another significant accomplishment in cargo performance. The port recorded 1,115,058 TEUs, up from 1,089,443 TEUs the previous fiscal year, a 2.35% growth and marking 11 consecutive years exceeding one million TEUs. Miami-Dade C
China's record trade surplus exposes new shipping order Beijing's US$1 trillion milestone masks deeper shift as exporters abandon traditional routes amid Red Sea chaos and Trump tariffs
BYD and Corvus partner on marine batteries BYD Energy Storage and Corvus Energy AS have signed a strategic Memorandum of Understanding (MoU) to accelerate the development of next-generation battery systems for the maritime industry. The agreement brings together BYD Energy Storage's large-scale production and leadership in lithium iron phosphate (LFP) batteries with Corvus Energy's expertise in marine energy storage systems (ESS). The two
Wärtsilä partners with Siempelkamp to secure engine supply chain Wärtsilä has formed a strategic partnership with Siempelkamp Giesserei to strengthen its supply chain. Siempelkamp Giesserei supplies large cast components for Wärtsilä engines, including engine blocks. The agreement ensures Wärtsilä has reliable access to high-quality parts at a time of growing global demand. The partnership helps Wärtsilä avoid supply bottlenecks. It also supports the company's
Morocco sees rerouting and trade shifts as strategic enablers While European ports scramble to retain relevance, Morocco is executing a calculated infrastructure offensive that could fundamentally redraw the Mediterranean's maritime power map
Dongwon Group reviews renewed bid for HMM According to local sources, Dongwon Group is reconsidering a bid to acquire HMM, South Korea's largest shipping company. Industry sources said the group has begun a study-level review of a possible acquisition. Honorary Chairman Kim Jae-cheol recently instructed management to examine the feasibility of a renewed bid. Dongwon previously took part in the sale process for HMM last year. It reportedl
DP World unifies marine services brands under one global identity DP World today announced the unification of its Marine Services brands, Unifeeder, P&O Ferrymasters, and P&O Maritime Logistics, under a single DP World brand, strengthening its position as a fully integrated global logistics provider. The businesses will now operate as: Shipping Solutions (formerly Unifeeder) Multimodal Solutions (formerly P&O Ferrymasters) Maritime Solutions (formerly P&O Marit
Top-15 EU Container Ports in Q3 2025 PortEconomics member Theo Notteboom has published a new analysis covering the performance of the top 15 EU container ports during the first nine months of 2025. The report confirms a change in growth patterns after strong recovery in 2024, which had followed a difficult year in 2023. Gdansk, Gioia Tauro and Bremerhaven show double-digit growth Only three ports achieved double-digit growth in 2025
NX Singapore expands Tuas Logistics Centre NX Singapore has completed a major expansion of its Tuas Global Logistics Centre on Singapore's western seafront. The company officially marked the completion of the project on 21 November 2025. The expansion adds about 9,200 square metres of new warehouse space to the facility. NX Singapore said the expansion will support growing logistics demand tied to the Johor-Singapore Economic Special Zone
Pusan Newport Company joins Portchain Connect Network Pusan Newport Company has joined the Portchain Connect network. The terminal will use the platform to simplify and speed up berth planning with shipping lines. Portchain announced the partnership on 9 October 2025 in Copenhagen. Pusan Newport Company will use Portchain Connect to improve coordination with customers through digital communication and secure data sharing. The platform enables the te
Maersk revises ICD Raipur export SPOT rates Maersk has announced an upcoming revision to its Export SPOT tariff for ICD Raipur, aiming to offer more competitive inland haulage pricing while maintaining service reliability and overall value for customers. The rate adjustment follows a detailed internal review of market conditions and operational costs. The updated Export Inland Haulage rates will apply to new bookings placed on and after th
MSC advisory on EU ETS regulation changes MSC has issued an advisory to inform customers of upcoming adjustments to the European Union Emissions Trading System (EU ETS) that will take effect on 1 January 2026. The revised regulation will significantly expand compliance requirements for shipping lines serving EU and EEA ports. Beginning in 2026, carriers will be required to account for 100% of emissions, compared with 70% coverage in 2025
Shimizu Port container volumes rise in November Shimizu Port in central Japan handled 34,683 foreign-trade containers in November. That marked a 4.4% increase from a year earlier, according to the Shimizu Port Authority and as Japan International Freight Forwarders Association (JIFFA) reported. Exports rose to 12,726 TEUs. That was up 6.8% year on year. Imports reached 16,717 TEUs, an increase of 4.4%. Together, full containers totaled 29,443
COSCO signs historic order for 87 vessels with CSSC China COSCO Shipping Group has signed a large-scale shipbuilding agreement with China State Shipbuilding Corporation (CSSC) for the construction of 87 new vessels. The order is valued at more than RMB 50 billion, making it the largest domestic shipbuilding contract completed between a Chinese shipowner and a Chinese shipbuilder to date. The contract covers multiple types of vessels that will serv
Hacegaba named new Port of Long Beach CEO The Long Beach Board of Harbor Commissioners has appointed Dr. Noel Hacegaba as the next Chief Executive Officer of the Port of Long Beach. The appointment takes effect on January 1, 2026. Hacegaba currently serves as Chief Operating Officer. He will replace outgoing CEO Mario Cordero. The transition comes during a period of expansion at the port, which ranks as the second-busiest in the United S
Signal Maritime steps into dry bulk with Bluepool deal Tanker pool manager Signal Maritime Services is moving into the dry bulk market through a strategic investment in Bluepool, a fast-growing operator running panamax and supramax pools. Unveiled in early 2022, Bluepool currently manages 21 vessels and has been expanding its presence in both the panamax and newly launched supramax segments. Signal, which has built ...
Tianjin Southwest books very large ammonia carriers at Jiangnan Tianjin Southwest Maritime has ordered two very large ammonia carriers from Jiangnan Shipyard, extending its long-standing partnership with one of China's leading gas-carrier builders. Industry sources said the Chinese owner has signed for a pair of 90,000 cu m VLACs, each priced at about $114.5m, for delivery in 2028. The order marks a fresh step ...
Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte Klaveness Combination Carriers has secured a new long-term contract of affreightment with Brazil's Alunorte, extending the Norwegian owner's presence in the alumina supply chain. The 32-month deal, starting in March 2026, will see KCC move caustic soda solution to Alunorte's refinery. The work will be handled by the 2001-built Cabu vessel Barcarena, which completed its ...
Grieg Connect lands Finnish port management specialist Wellamo Data Norway's Grieg Connect is widening its Nordic reach with the acquisition of Wellamo Data, a long-established Finnish provider of port-management information systems. The move gives the Bergen-based digital solutions specialist its first foothold in mainland Finland as it pushes to build a unified PMIS offering across the region. Wellamo Data has been supplying Finnish ports ...
Auckland port heads to Turkey for bunker tanker newbuild Port of Auckland in New Zealand is moving deeper into the bunkering business with a newbuild tanker designed to support the shift toward cleaner marine fuels. Its bunkering arm, Seafuels, has signed a NZD50m ($29m) shipbuilding contract for a vessel capable of supplying biodiesel and methanol, alongside low-sulphur fuel and marine gasoil. The order has ...
Solstad lands trio of CSV contracts worth $25m Solstad Maritime has lined up fresh work for three of its construction support vessels, securing new contracts for the Normand Navigator, Normand Cutter and Normand Jarstein. The Oslo-listed offshore vessel owner said the agreements carry a combined firm period of around 175 days, with a further 150 days available as options. The projects are set ...
Asso.subsea wins multi-project deal for TenneT's 2GW grid build-out Greek offshore contractor Asso.subsea has secured a major spread of cable installation and protection work from France's Nexans across three of TenneT's flagship 2GW offshore transmission projects in the German North Sea. The awards cover the BalWin3, LanWin2 and LanWin4 developments, with offshore campaigns slated to run from 2027 through 2031. The multi-year scope, with ...
Maridive secures 15-year Qatar offshore support deal Egyptian offshore vessel player Maridive and Oil Services has clinched a long-term deal in Qatar, securing a 15-year contract to provide maintenance and production support services from the first quarter of 2028. The agreement, awarded to its subsidiary Maridive Offshore Projects, carries an annual value of $10.15m, the company told the Egyptian Stock Exchange. Maridive ...
Lloyd's Register demonstrates remote class survey capabilities using live vessel data British class society Lloyd's Register (LR) and Greek shipowner Latsco have completed a proof-of-concept for a new standard in digital class assurance with data-driven surveys. This collaboration aims to demonstrate how verified operational vessel data can fully meet class survey requirements, without compromising safety, integrity, or technical rigour. The proof-of-concept was conducted on the 2
Jinhui keeps up fleet renewal push with another ultramax newbuild Jinhui Shipping and Transportation has added another ultramax to its growing newbuild programme in China, returning to Jiangmen Nanyang Ship Engineering for a 64,500 dwt bulker priced at $33.45m. The Oslo-listed, Hong Kong-based owner placed the order only months after committing $99.15m at the same yard for three sister vessels of identical specification, all slated ...
Everllence successfully tests ethanol-fuelled dual-fuel engine Everllence, the German engine manufacturer formerly known as MAN, has successfully run its ethanol-fuelled 21/31 dual-fuel engine at test facilities in Frederikshavn. The company was the first engine manufacturer to launch a small-bore, four-stroke, methanol-burning engine in 2024, known as the 21/31DF-M unit. Several are already in commercial operation. The company continued work on the 21/31 ...
Ithaca taps TechnipFMC for subsea work on UK North Sea field Offshore contracting giant TechnipFMC has been awarded a contract by Ithaca Energy for flexible risers on the Captain development in the UK North Sea. According to the terms of the contract, TechnipFMC will design, manufacture, and install flexible risers, flowlines, and associated hardware. Financial details were not fully revealed. However, the deal was described as ...
Prince Albert joins shipping royalty investing in bound4blue Wind-propulsion outfit bound4blue has closed a $44m funding round, securing backing from a heavyweight mix of maritime corporates, shipowning families, climate-focused investors and government capital as demand for retrofittable decarbonisation technology accelerates across the global fleet. The round was led by OCTAVE Capital - an investment platform linked to the Tsao family's IMC - and ...
TotalEnergies merges UK North Sea business with NEO NEXT French energy major TotalEnergies has decided to merge its upstream business in the United Kingdom with NEO NEXT Energy and become the largest shareholder in the expanded company. In March this year, Spanish energy giant Repsol and Aberdeen-based NEO Energy announced they would be merging their UK assets into a new company named NEO NEXT ...
China's $1trn trade surplus reshapes global container flows in 2025 China's trade surplus has smashed through the $1trn mark in the first 11 months of 2025 - a record that underscores how dramatically global container flows have shifted this year, even as trade with the US slumps nearly 29%. The headline figure, released by Chinese customs, highlights two simultaneous trends that have reshaped the global ...
Transocean adds $130m to backlog with new drillship deal Swiss-based offshore drilling giant Transocean has announced the execution of a six-well contract in Australia with an undisclosed operator for one of its ultra-deepwater drillships. The company received a contract for an estimated 320-day campaign set to commence in the first quarter of 2027. The drillship chosen for the job is the 2013-built Deepwater Skyros. ...
Hayfin concludes profitable suezmax resales UK-based Hayfin Capital Management has booked a tidy profit after offloading a pair of suezmax resales, brokers report. The GH Pankhurst and GH Keller (both 158,000 dwt and scheduled for delivery in 2026 from HD Hyundai Samho) are said to have been committed at around $98m each. The vessels were originally contracted at roughly $85m ...
Containerised, rentable sail solution comes to market Lomarlabs, the venture catalyst created by UK-based shipping company Lomar, is collaborating with Ireland's Advanced Wing Systems to advance the adaptation of its sail technology into a containerised, automated system. Advanced Wing Systems is a pioneer of semi-rigid wing sails, offering many of the aerodynamic advantages of rigid wings but with fewer operational constraints. Its ...
Seaway7 lands Polish offshore wind contract Seaway7, the renewables arm of Subsea 7, has been awarded a sizeable contract by Ocean Winds for the BC-Wind project in the Baltic Sea, strengthening its position in Poland's fast-moving offshore wind market. The project site lies about 23 km off the Polish coast and will host 26 wind turbine generators. Under the deal, Seaway7 ...
Noble sells six jackups for $424m to Borr and Ocean Oilfield Drilling Offshore drilling giant Noble Corporation has signed definitive agreements to sell six jackups for a total of $424m. Noble sold five rigs to Borr in a transaction comprising $210m in cash and $150m in seller notes. The Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient, and Noble Resolute will become part of ...
Brazil moves to block existing Santos operators from bidding on new mega terminal Brazil's Federal Audit Court (TCU) has thrown up a major hurdle for global terminal operators at the Port of Santos, voting to bar current concessionaires from taking part in the first phase of bidding for the port's planned mega container terminal. In a six-to-three decision on Monday, the TCU said operators already active in Santos ...
DP World retires legacy names in global marine services rebrand Dubai-based ports and logistics player DP World is drawing its core marine services units under one global identity, retiring the long-standing Unifeeder, P&O Ferrymasters and P&O Maritime Logistics brands. The three businesses will now operate as Shipping Solutions, Multimodal Solutions and Maritime Solutions. Over the coming months, the new names will roll out across digital ...
Who's really in charge when AI runs your ships? Wolfgang Lehmacher muses on where AI and shipping could go. AI-powered systems that not only predict but also decide and execute are rapidly entering shipping operations. A recent MIT Sloan Management Review-BCG study on the emerging agentic enterprise finds that agentic AI is already in use at a significant share of companies, with adoption racing ...
COSCO supercharges expansion with $7bn order for 87 ships China's state-run shipping COSCO, the world's largest shipowner, has placed a massive order for 87 newbuildings with yards under China State Shipbuilding Corp (CSSC), sealing the largest single domestic shipbuilding contract ever awarded in the country. The deal, worth more than RMB50bn (about $7.07bn), includes containerships, tankers, bulk carriers and multipurpose vessels, and will be ...
US imports fall as market awaits Supreme Court tariff ruling It has been a surprisingly benign year for US box shipping volumes amid all the tariff chaos. The forecast is...
Brazilian court hands Maersk fresh blow in Santos auction Following several legal challenges, including within the Brazilian government itself, Maersk and other shipowners will not be able to bid...
Tanker identity theft cases have risen dramatically this year The practice of resurrecting identification details from scrapped vessels and using them to mask the operation of shadow fleet vessels...
Skuld third quarter buoyed by investment returns Norwegian club goes for 7.5% target increase
One Hundred People 2025 countdown - 70-41 Lloyd's List has launched its annual One Hundred People ranking, the definitive guide to the most influential figures shaping the...
Boxship charter market stays hot as carriers lock in ships through to 2027 CMA CGM has been actively extending and securing tonnage at elevated rates, including three modern 2,800 teu vessels at around...
The Daily View: The compliance conundrum
DP World axes historic names in rebrand The three legacy brands will now operate under a single DP World brand, the logistics giant said, as it continues...
The Week in Charts: Still just a trickle of US soyabeans to China | Bab el Mandeb transits at highest level in nearly two years | LNG and ro-ro veterans go for recycling Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Muted ship recycling market persists amid weak steel demand and currency pressures Despite a number of notable transactions overall tonnage availability remains thin
Rare earth export controls show non-tariff measures could be more consequential than tariffs Beyond disrupting tradeflows, rare earth export controls could also be used to preserve China's shipbuilding dominance
Cosco-CSSC unveil record Yuan50bn mega order of up to 87 ships Orders will be executed by six CSSC shipyards and are expected to boost CSSC's revenue, while further enlarging Cosco's already...
Daily Briefing China Merchants Energy Shipping treads net zero course 'cautiously' as IMO plan stalls | HD Hyundai to build new shipyard...
Zim faces proxy fight after rejecting CEO's buyout bid The Israel-based carrier is urging shareholders to reelect its current slate of directors later this month after alternate nominees were put forth by dissident shareholders.
Rail service shakes off prior disruptions to close 2025 on high note Average intermodal train speeds among the four US Class I railroads have exceeded year-ago levels for 30 consecutive weeks dating back to early May, according to the Association of American Railroads.
Cosco Shipping inks $7 billion deal for big fleet expansion The move is part of the Chinese government's ambition to accelerate the development of China as a maritime power, China Shipbuilding Group said.
AI will change UP-NS merger review in ways the industry has never seen For the first time, US regulators can evaluate a rail merger not on assertions, but on what the data actually shows - and they can do it in hours, not months.
India-Europe carriers push December rates higher on tighter capacity Mumbai-based forwarder executives have linked the pricing gains mainly to lower capacity amid multiple blank sailings during the month covering CMA CGM's Epic service and Ocean Network Express' IOX loop.
Brazilian court presents roadblock for liner giants to bid on new container terminal Federal tribunal upholds decision aimed at ensuring competition at Port of Santos
KCC signs new Brazilian charter to keep 'old lady' operating past 27th birthday Norwegian owner makes good on promise to extend life of well-maintained combination carrier
Major US bank Jefferies stuns sector by dropping shipping coverage Team led by veteran analyst Omar Nokta withdraws ratings on 28 names in surprise retreat
Capesize spot rates down sharply as Atlantic activity goes quiet And things had been going so well for bulker owners
Shadow fleet deals and private equity drive 'exceptionally active' tanker S&P market, Greek broker says Xclusiv researchers break down the trends defining the secondhand market in 2025
'Still in business': Bankruptcy-threatened ECOsubsea hatches plan to keep the lights on Ostervold vows to fight on after risk of bankruptcy
Three scenarios for tankers - with two unlikely options supporting floating storage Rates would hit highs not seen since 2020 if Opec does not rebalance the oil market
Trafigura reports one of the busiest periods ever for tanker desk Trading giant also expands bulker cargo base, as sale and purchase contributes to earnings
Ioannis Martinos tanker pool enters dry bulk with investment in Greek venture Greek players say 'powerful collaboration' to drive growth
Greek owner Vyron Vasileiadis sets up boxship arm as growth spurt gathers pace Greek owner's V Group of Companies firms up spate of newbuilding deals
Stena is the Nordic giant that few investors really know, says Clarksons Analyst Jonas Bito Shum says private tanker, offshore and ferry force is poised for profit growth
Knutsen OAS Shipping scoops Edison LNG carrier newbuilding deal Shipowner said to have been pursuing a raft of LNG tender business
NovaAlgoma ship barred by New Zealand government in 'victory for jobs' Maritime union hails decision by transport minister in cabotage row
Shell linked to long-term deal for new Champion tankers Charterers faced with array of product carrier newbuildings to pick from
Jinhui Shipping orders newbuilding in China as fleet renewal plan rolls on Hong Kong owner now has four ultramaxes in its orderbook
Ahti fuel-compliance pool brings clients of Ivar Lundh bunkering operation on board ScanOcean's shipowners can access FuelEU Maritime solution
Grieg expands into Finland as it snaps up port management firm Finland will have a dedicated local team
Roaring 20s: Law firm Fichte & Co celebrates two decades in Dubai Founder Jasmin Fichte faced seemingly insurmountable odds when she moved to the UAE
Lomar to fund Irish retractable containerised wind propulsion developer Advanced Wing Systems is Lomarlabs 10th start-up
Shipowner Petros Panagiotidis to bank $22m in special payout from Toro Corp Directors authorise $31m dividend from cash-rich tanker and LPG carrier company
New Zealand port breaks into tanker ownership with new order in Turkey Auckland terminal eyes greener refuelling with $29m deal
Bulker owner Cetus Maritime banks $60m loan from BNP Paribas Credit facility will be linked to sustainability targets
Greek owner Alpha Bulkers sells oldest capesize as secondhand values soar Scarcity of modern sale candidates steers investor interest towards older units in hot freight market
P&O Maritime name to disappear as DP World unifies fleet of more than 500 ships Rebranding will see maritime divisions known more prosaically
Major shipowners and European royalty inject cash into serial Norwegian tech investor Latest funding round sees bound4blue collect $44m
2020 Bulkers hikes dividend amid rising capesize earnings in November Owner achieves time-charter equivalent rate of $40,300 per day
P&O name to disappear as DP World unifies fleet of more than 500 ships Rebranding will see maritime divisions known more prosaically
Rates hit $525,000 for turbine installation ships as activity survives headwinds, Clarksons says Researcher Calum Kennedy notes firm levels of demand in offshore wind sector
S&P broker Sebastian Davenport-Thomas re-emerges at Howe Robinson Speculation ends as well-known broking name makes third big career move
Erasmus Shipinvest dives back into dry bulk with new asset-light operating arm John Su-led company to focus on handy to ultramax vessels
Iraqi player linked to sale of 20-year-old VLCC as price rebound gains steam Undisclosed Chinese interests reported to have taken the vessel at a two-year high
Erasmus Shipinvest dives back into dry bulk with new asset-lite operating arm John Su-led company to focus on handysize to ultramax vessels
Malaysia's MISC enters Brunei offshore gas market with 12-year FPU contract Converted vessel is expected to begin operation in 2029
Indonesian palm oil producer arrests chemical tanker in Singapore Vessel's new owner could be held liable for a claim filed over two years ago
Roaring Twenties: Law firm Fichte & Co celebrates two decades in Dubai Founder Jasmin Fichte faced seemingly insurmountable odds when she moved to the UAE
Insurers sue liner operator trio over engine trouble that beset container ship voyage Cargo insurers take legal action in New York to recover salvage costs after arbitration award
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