MARAD to play a key role in implementing Trump maritime executive order As part of President Trump's executive order to restore America's maritime dominance, the Department of Transportation's Maritime Administration (MARAD) will coordinate with various stakeholders to create a Maritime Action Plan (MAP). The
Ship Repair USA: Panel tackles tariffs, metal prices Marine Log's Ship Repair USA conference, taking place in New Orleans on June 10-11, is set to bring together key industry professionals to address the unique challenges facing small and medium-sized shipyards.
Industry applauds wide ranging Trump executive order on maritime President Trump's much anticipated executive order on maritime turns out to be far more comprehensive than some preliminary reports had suggested. And it's getting applause from across the maritime industry. "The Shipbuilders
Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions "During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13%, while dirty tanker exports fell 4%. Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions," says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In early January, the Biden Administration ramped up the pressure on Russian oil exports by
BIMCO updates War Risk Clauses The Documentary Committee of BIMCO has approved revisions to its War Risk Clauses to reflect changes in the geopolitical challenges facing the shipping industry. The Documentary Committee reviewed the existing BIMCO War Risk Clauses and agreed on the updated versions, BIMCO War Risk Clause for Voyage Charter Parties 2025 (VOYWAR 2025) and the BIMCO War Risk Clause for Time Charter Parties 2025 (C
Trump unveils plan to revive U.S. shipbuilding industry U.S. President Donald Trump enacted an executive order aimed at revitalizing the United States maritime and shipbuilding industries, with a focus on both commercial and military sectors. Titled "Restoring America's Maritime Dominance", the order outlines a comprehensive Maritime Action Plan designed to strengthen the nation's maritime capabilities. A key component of this strategy is the creation
2025 Process Orchestration Trends See what 800+ IT leaders say about orchestration challenges-and where automation is headed next.
Higher box traffic at Saudi ports in March In March, the ports operated by the Saudi Ports Authority (Mawani) experienced a 13.6% increase in container handling, nearing 700,000 TEUs, up from 616,000 TEUs in the same month of the previous year. The number of exported containers surged by 32%, amounting to 280,341 TEUs compared to 212,672 TEUs, while imported containers rose by 7.8% to 281,216 TEUs from 260,912 TEUs. However, the volume of
Iraq's Basra Gateway Terminal marks container vessel handling record ICTSI-operated Basra Gateway Terminal (BGT) has set a new industry benchmark with the successful handling of the 16,000 TEU container ship HMM Daon, the largest vessel to dock at the Port of Umm Qasr in Iraq. BGT's ability to efficiently handle ULCVs is the result of continued infrastructure investments, including the deployment of three post-panamax ship-to-shore cranes. "The modern facilities,
Global bunker indices maintain upward trend At the end of the 14th week of the year, the global bunker indices of Marine Bunker Exchange (MABUX) maintained a moderate upward trend. The 380 HSFO index increased by 5.94 USD, rising from 503.31 USD/MT last week to 508.53 USD/MT, the VLSFO index edged up by 3.85 USD, remaining at 587.68 USD/MT, while the MGO index climbed by 5.94 USD, from 768.81 USD/MT last week to 774.75 USD/MT. "However, at
Gemini shuttles record elite schedule reliability levels in February In more than 30 years, the domain of the container shipping alliances has always been exclusively on mainliner, deep-sea services, with individual carrier members operating their own feeder services. Sea-Intelligence notes that the newly launched Gemini Cooperation has taken a different approach to their alliance network design, incorporating a hub-and-spoke model within their formal alliance, wi
ITI to receive largest mobile harbor crane in Chile Chile's Iquique Terminal Internacional (ITI) has acquired a Gottwald ESP.10 mobile harbor crane, the largest in the Konecranes portfolio, to move containers on super-post Panamax (SPP) vessels. This investment will allow ITI to efficiently operate the largest ships calling on the west coast of South America. The crane was shipped pre-assembled on the MN AAL Hamburg from the Dutch Port of Westdorp
DP World kicks off expansion works at Duke Point Terminal DP World has officially launched the construction of the Duke Point Terminal expansion, aiming to enhance Vancouver Island's connectivity and trade resilience with global markets. With support from Snuneymuxw First Nation and the Port of Nanaimo, DP World's Duke Point Terminal project is expected to increase operational efficiency and handling capacities. Once completed, the terminal's berth leng
Port of Osaka selects Mitsubishi Logisnext's box terminal gate system Mitsubishi Logisnext, a part of Mitsubishi Heavy Industries (MHI) Group, has delivered a new advanced-function container terminal gate, a facility that serves as a nodal point for various types of cargo transport by sea and land, to Dream Island Container Terminal at the port of Osaka in Japan. The new container terminal gate, Mitsubishi Logisnext's first system incorporating advanced functionali
Trump blinks as China holds firm The US president blinked first in an escalating tariff war, declaring last night that import duties imposed on countries that had not retaliated, will be paused for 90 days, giving an immediate boost to global stock markets. The 90-day pause on higher tariffs will be suspended, but the 10% baseline rate will remain, while tariffs on China have been increased again to 125%. There is a point at whi
Premier Alliance's first vessel docks at Port of New York and New Jersey The Port of New York and New Jersey marked a new milestone on 28 March, celebrating the maiden voyage of the ONE Eagle at Port Liberty Bayonne. The 14,026 TEU boxship is the first vessel to call the Port of New York and New Jersey from the Premier Alliance, the new cooperation of HMM, Ocean Network Express (ONE), and Yang Ming. ONE Eagle's arrival was recognized with a small ceremony on board hos
India Revokes Transshipment Facility for Bangladeshi Exports to Third Countries India has revoked the transshipment facility it had extended to Bangladesh nearly five years ago, a move that could mark a shift in regional trade dynamics. On 8 April, the Land Customs Section of the Indian Central Board of Indirect Taxes & Customs issued a notification rescinding Circular No. 29/2020, which had been in effect since 29 June 2020. The circular allowed Bangladeshi export cargo to
Subsea7 extends fixture for Eidesvik JV vessel Subsea7 has extended the contract with Eidesvik Seven Chartering, the company's joint venture with Norwegian owner Eidesvik, for the subsea vessel Seven Viking. The Oslo-listed offshore engineering and services player has exercised the remaining option for 2026 and added 2027 as another firm year. The deal for the 2013 Ulstein-built vessel comes with an additional ...
North Korean iron ore shipments spark sanctions The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which was the cosignee of the cargo. The ...
Nigeria's Temile Development signs for South Korean VLGC newbuilds Nigerian owner Temile Development Company has contracted South Korea's shipbuilder HD Hyundai Heavy Industries for up to two very large gas carriers (VLGCs). The deal covers one firm and one optional 88,000 cu m LPG dual-fuel powered newbuild worth around $250m in total. The first unit is set to be delivered in the first quarter ...
Trump signs Make Shipbuilding Great Again executive order US president Donald Trump has signed a well-telegraphed executive order aimed at resuscitating American shipyards while also limiting China's dominant influence on the sector. Acknowledging the US's less than 1% global shipbuilding market share yesterday, Trump said: "Rectifying these issues requires a comprehensive approach that includes securing consistent, predictable, and durable federal fund
Sapura Energy bags operations and maintenance contract off Malaysia Malaysian offshore services player Sapura Energy has won a contract for maintenance, construction, and modification services for offshore facilities in Peninsular Malaysia. The contract, worth RM 40m ($9m), was awarded to its operations and maintenance arm, Sapura Fabrication. The client was left undisclosed. The contract has already started and will last six months, with an ...
Tariffs on China set to dramatically alter US trade flows Supply chain planners are busy booking shipments from non-Chinese destinations into the US today following last night's tariff surrender by Donald Trump, the American president. Trump announced a 90-day pause for countries hit by higher US tariffs amid financial turmoil and a weakening dollar in the week since he had first made his tariff announcements. ...
Perdana Petroleum wins two three-year AHTS deals from Hess Malaysian offshore marine support services firm Perdana Petroleum has won contracts for the charter of two AHTS vessels. The company will provide two AHTS vessels, along with crews and equipment, to perform the scope of work in line with the charterer's requirements. The value of the deals, awarded by Hess' Malaysian arm, were left undisclosed. ...
EU clamps down on shipping of plastic pellets The European Union will clamp down on the shipping of plastic pellets. The EU has set obligations for the transport of plastic pellets by sea in containers, including ensuring good quality packaging and providing transport and cargo-related information, following the non-binding guidelines of the International Maritime Organization. The deal, due to be phased in over ...
Chinese university develops system to give ships 360-degree vision Scientists at Harbin Engineering University in northeast China have developed a system to provide ships with complete 360-degree visibility. The system features a dual-module design with eight to 12 cameras per unit, integrating both visible-light and far-infrared sensors to ensure reliable performance across varying visibility conditions, allowing for real-time panoramic synthesis capability. "A
BIMCO adopts reviews of war risk clauses The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry. The subcommittee working on the revisions ahead of the documentary committee discussed war risk insurance aspects and addressed topics such as the responsibility for premium payment ...
US sanctions Dubai shipowner and over two dozen tankers ahead of Iran talks The US continued its 'maximum pressure' campaign against Iran with fresh sanctions targeting mostly handysize tankers ahead of talks in...
Hopes rise that draconian US port fee plan will be watered down Decisions on tariffs come right from the top - from the president himself. In contrast, the US port fee review...
US climate policy remains a risk for shipping strategy The US boycott of MEPC talks does not mean US disengagement on climate policy; quite the contrary. Instead it marks...
Costamare Bulkers spin-off to 'move ahead' Dry bulk companies today are trading at a discount, says Zikos
Singapore to conduct sea-based LNG bunkering trials later this year The Maritime and Port Authority received 14 proposals under its expression of interest to scale up LNG as a marine...
South Korea seeks to boost orders by expanding refund guarantees to small and medium shipbuilders The expansion of special guarantees, the diversification of RG issuers and the increase in the timely supply of RGs, reflecting...
Shadow fleet tankers contribute to significant rise in first-quarter recycling volumes Total recycling volumes, measured by gross tonnage, almost doubled in the first quarter
Charterers can limit liability to registered owners, Supreme Court finds in MSC Flaminia ruling Lord Hamblen overturns main point of earlier Court of Appeal outcome
OceanPal posts larger loss Greece-based company's full-year losses nearly tripled in 2024, reaching $19.7m compared with a $6.7m loss the previous year
Tariff relief fuels front-loading but China slowdown clouds peak season A temporary tariff reprieve for non-China partners could trigger a surge in front-loading and short-term rate hikes, but the unresolved...
Wallenius Wilhelmsen ro-ro terminal deal gets regulatory greenlight The Australian Competition and Consumer Commission had investigated the deal, as Qube would own all three key automotive terminals on...
Digitalisation boosts improvements in port safety culture Fatalities in UK ports are few and far between thanks to concerted efforts from ports and safety organisations, but technology...
Cargo pumped from Stena Immaculate Containership Solong and Stena Immaculate were involved in a collision off the UK coast in March 2025, which penetrated two...
The Daily View: This is still just politics DecarbonisationMEPCSustainability
Trump moves to reclaim US maritime power with new executive order President Trump signed an executive order to revive US maritime dominance by boosting shipbuilding, countering China and strengthening national security...
VLGCs in tariff tailspin as spot rates nosedive Very large gas carriers are feeling the impact of tariffs due to their high exposure to US-China trade. Freight rates...
Daily Briefing Last minute US intervention at IMO threatens to derail climate negotiations | USTR signals that port fees are coming but...
USTR port fee proposal would open a 'second front' in trade war From an international supply chain perspective, the plan that could hit Chinese-made and -operated ships with fees in excess of $1 million per US port call could have impacts as profound as the current tariff controversy.
US tariffs could help undo solid start to 2025 for ocean carriers First-quarter carrier earnings are likely to be buoyed by high rates and strong demand that has spilled over from 2024, but tariffs, slowing volume and excess capacity are darkening the outlook for the rest of the year.
Canadian regulators find Vietnamese chassis didn't circumvent China duties US and Canadian regulators have used different standards to determine whether chassis made by a Vietnamese supplier ran contrary to trade regulations directed at China.
Trump signs order for US shipbuilding, but stays mute on port fees The executive order signed Wednesday falls short of providing any details on the proposed port fee plan, but directs stricter collection of existing harbor maintenance fees.
US sanctions 'expansive fleet' of Dubai shipowner for aiding Houthis and Iran Jugwinder Singh Brar is accused of using coastal tanker fleet to take Iranian cargoes that are later blended to conceal origin
Trump order aims for 'consistent, predictable and durable' federal funding of US yards and shipping US president looks to existing and new sources of cash to prop up maritime sector
VLGC rates crumble as Trump's tariffs slam Chinese petrochemical sector Despite Thursday rebound, spot index is still down 48% compared with last week
US port fee plan fears push Chinese bulker newbuilding activity to 32-year low Shipyards in China see fewest first-quarter orders since 1993
Suezmaxes and aframaxes hit year-to-date highs as market tightens across globe Market observers describe tightness in West Africa, the US, Black Sea and Mediterranean
German owner F Laeisz unmasked as mystery investor in Belships takeover There were clues when Belships announced its new board
Unravelling stock losses, puzzlement, synergies and departures: One year on from Star Bulk-Eagle deal Star management says hard work behind scenes has set company up for more growth
2020 Bulkers makes a gain on freight derivatives Capesize spot market has taken a hammering over the past month
Saverys firm CMB.Tech mulls order for suezmax tanker newbuildings Move comes as tanker segment offers rare pocket of positivity for shipyards suffering significant order slowdown
Greek buyer linked to capture of Seacon newbuilding at Chinese shipyard Chinese owner said to have offloaded a vessel due later this year from the Nantong Xiangyu yard
LNG carrier rates slide backwards as market seeks to make sense of 'bewildering' world Broker says about 26 newbuildings remain uncommitted
Barrister Lionel Persey bows out from Admiralty Court in arbitration pivot Quadrant Chambers shipping expert joins new sister operation
Container giant Cosco logs $1.8bn profit on higher volumes and freight rates Carrier records best Q1 result outside of Covid era
Costamare shrugs off market turmoil and sticks to bulker spin-off plan Decision to split boxships from bulkers is strategic, says planned outfit's CEO Gregory Zikos
Billion-dollar Havfram takeover shows strength of offshore wind asset values, Stifel says DEME is in effect paying $500m each for Norwegian owner's two high-spec newbuildings
Meet the new boss of Norden's operated tanker and bulker fleets Jensen has taken responsibility for Norden's Freight Services & Trading business unit
Greek owner sells car carrier newbuilding to AD Ports' shipping arm Noatum Maritime to deploy vessel in its ro-ro joint venture with Turkey's Erkport
Singapore's Maritime & Port Authority to conduct sea-based LNG reloading trials in second half of 2025 MPA says it has received 14 proposals to scale up LNG as a marine fuel
Marc Saverys hails CMB.Tech progress in 'interesting times' Belgian group's chairman thanks shareholders for support during 'exceptionally busy year'
MOL to fit its Wind Challenger sails to second LNG carrier Newbuilding due to start charter with Tokyo Gas' shipping arm on delivery
Shipping stocks spring back: Bulker and container equities lead Trump relief rally in Europe Golden Ocean and Maersk jump 12% after president's pivot reduces recession risk
Wallenius Wilhelmsen ready to close Australian terminal deal Agreement to sell Melbourne terminal was under months-long competition review
Bibby teams with UK state lender to provide £20m for vessel purchases UK shipping group and British Business Bank to help smaller owners expand fleets
Kpler and Spire settle legal spat to clear way for $241m maritime takeover Lawsuit dropped as long as Kpler seals deal by the end of April
KCC to limit US port calls until fee proposals clarified Norwegian owner is taking action as uncertainty looms for its Cleanbu trades
Shipowner Seapeak rubbishes report Russia is trying to get spies on board its LNG carriers Company says there is no evidence of pressure to replace overseas crew members on Yamal LNG ships
Diana spin-off OceanPal widens loss on George Economou payment and impairment Shipowner of older bulkers starts dipping a toe in the tanker business
Rally in Asian stock markets on Trump tariff U-turn Even Chinese rally defies tariffs of 125%
Tanker bonds resilient to trade war while containers most exposed, DNB Markets says Scorpio Tankers and Torm strongest issuers, CMB.Tech most vulnerable
Singapore's Maritime and Port Authority to conduct sea-based LNG reloading trials in second half of 2025 MPA says it has received 14 proposals to scale up LNG as a marine fuel
Genco Shipping's John Wobensmith nears $4m in total compensation New York bulker company's boss saw 25% improvement in headline pay year over year
Rally in Asian stock markets on Trump's about-face of tariffs Chinese stock rally defies Trump's tariffs of 125% on China
Is trade fraud about to surge? Fraud Watch examines potential increases in customs fraud whistleblowers.
Trump sics DOGE on the Navy but ignores China port fees President Trump signed an executive order moving his shipbuilding initiative ahead, and calling for a review of how the Pentagon orders military vessels.
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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