Western India Air Cargo Conclave & Awards 2025 to be graced by key government dignitaries along with leading lights from the fraternity
WCO report on Smart Security Devices finds significant benefits for trade operators and enforcement authorities if technical and regulatory hurdles are overcome
India-EFTA trade pact to be implemented from Sept., says Minister
Imports under FTAs get provisional assessment facility
Global shipping industry seen gearing up for significant net-zero transformation
RCL partners with OR to pioneer the use of biofuel in container shipping for the first time
New clause to support biofuel use in time charters drafted
Allcargo Gati Air Express launches 24-hour air delivery service across 8 metro cities
NHAI releases first-ever asset monetisation strategy document to drive growth in the road sector
Hanwha Group gets U.S. clearance to up its stake in Austal South Korea's Hanwha Group has been eyeing an acquisition of Austal USA parent Austal (ASX ASB) for quite some time. Today, it appeared to be making some progress. Yonhap News Agency reports
First tug reaches still-burning Morning Midas The first of three tugs dispatched by salvor Resolve Marine to respond to the still-burning car carrier Morning Midas arrived on scene with salvage personnel Monday afternoon and has begun a full
Growing risk of unmanned sea vessels in Gulf amid economic diversification As the Gulf states accelerate their shift from oil-dominated economies toward diversified, maritime-centric growth, a new class of risk is rising beneath the surface - unmanned sea vessels. While these systems offer promise for surveillance and infrastructure protection, they simultaneously pose an evolving threat to port security, particularly in the United Arab Emirates and Qatar, two nations a
Maersk announces updated PSS from Indian Sub and Middle East to US and Canada West Coast Maersk is revising the Peak Season Surcharge (PSS) for shipments from the United Arab Emirates, Bangladesh, Bahrain, Bhutan, India, Iraq, Jordan, Kuwait, Sri Lanka, Maldives, Nepal, Oman, Pakistan, Qatar, Saudi Arabia and Yemen to the United States and Canada West Coast. The new PSS will be effective from 15 June, as follows: Container Size Type New rate All Containers US$2,000 If you liked this
How UK ports are strategically positioning for global trade in volatile era As geopolitical instability, decarbonization, and supply chain realignment reshape global trade, the United Kingdom is seeking to secure its maritime future with a bold reform agenda. On June 4, the UK's Maritime Minister, Mike Kane, unveiled a draft of an amended National Policy Statement for Ports (NPSP), signaling a strategic overhaul of UK port infrastructure and planning policy to better ali
Wan Hai ship explodes further as search for missing crew continues More blasts have rocked the container ship Wan Hai 503 as hopes fade for the four seamen who went missing when an initial explosion happened on 9 June. The missing men comprise two Taiwanese, one Indonesian, and one Myanmar national. The Singapore-flagged Wan Hai 503, which was sailing from Colombo to Mumbai, continues burning off Kerala, India. While Indian media reported that hazardous goods ca
New electric terminal tractors enter operations at APM Terminals Pier 400 APM Terminals Pier 400 has introduced the largest fleet of electric terminal tractors (ETTs) at the Port of Los Angeles. Delivered by Orange EV in collaboration with Pacific Crane Maintenance Company (PCMC), the rollout represents a critical milestone in Pier 400's commitment to sustainable innovation and inclusive workforce development. The initial deployment features 10 fully commissioned ETTs,
APM Terminals, SANY Marine ink landmark decarbonisation deal APM Terminals and SANY Marine have signed a Master Framework Agreement for the future supply of battery-electric terminal tractors to APM Terminals. Under the deal, about 500 diesel-powered terminal tractors across APM Terminals' global network will be replaced with battery-electric models by 2030 This transition is part of a standardised approach to electrifying terminal equipment, reinforcing t
African Ports as Emerging Battleground for Rare Earth Minerals As the global demand for Rare Earth Minerals (REMs) intensifies, Africa is emerging as a strategic pivot in the maritime and geopolitical landscape. With the continent holding nearly 30% of the world's critical mineral reserves and projected to supply 9% of global REMs output by 2029, the ability of African ports to integrate these exports into global supply chains has never been more important o
Reasons to Register an Aircraft in Malta Malta's aviation industry is a growing sector with significant economic impact, contributing approximately 4% of its GDP. Although the country experienced a significant drop in passenger movements due to COVID restrictions, the sector has grown in recent years, with over 900 aircraft registered in the country as of April 2025. If you want to purchase an aircraft or use your existing one for comme
Duferco launches first private multi-purpose box terminal in Sicily The newly constructed dock at Milazzo, Sicily, Italy, managed by Duferco Terminal Mediterraneo (DTM), is now officially operational. Developed by the Duferco Group, the project forms a key part of the broader redevelopment initiative for the Giammoro industrial area, first introduced at the Chamber of Commerce of Messina last year. With an investment of approximately €28 million (US$32 million),
Israel strikes Yemen's Hodeidah port, warns Houthis of naval and air blockade The Israeli Navy launched strikes on Yemen's Red Sea port of Hodeidah as tensions escalate with the Iran-aligned Houthi movement, according to Reuters. Israeli Defence Minister Yoav Gallant warned of a potential naval and aerial blockade should Houthi attacks on Israel persist. Houthi-run Al Masirah TV reported that the strikes hit the docks at Al Hodeidah port with two separate attacks. The Isra
Maersk revises peak season surcharge from China and Hong Kong to African ports Maersk is revising the Peak Season Surcharge (PSS) charges for shipments from China and Hong Kong to Nigeria, Burkina Faso, Benin, Ivory Coast, Niger, Togo, Angola, Cameroon, Congo, Congo, Equatorial Guinea, Gabon, Namibia, Central African Republic, Chad, Senegal, Guinea, Mauritania, Gambia, Liberia, Sierra Leone, Cape Verde Island and Mali. Effective from 23 June until further notice, the update
Kaleris acquires Locus Software to enhance ocean carrier operations management Kaleris has announced the acquisition of Locus Software, a UK-based provider of advanced operations management systems for ocean carriers. This strategic move expands Kaleris' capabilities for shipping lines by integrating Locus' solutions into its Execution Visibility Platform, creating a unified ecosystem that streamlines the entire workflow from quoting and booking to stowage planning and carg
SeaLead appoints new CFO SeaLead has announced the appointment of Simran Sethi as the company's new Chief Financial Officer (CFO). Based at the company's headquarters in Singapore, Sethi will lead SeaLead's global finance operations and play a key role in driving strategic growth and performance. Bringing over two decades of financial leadership across the shipping, logistics, metals, and mining sectors, Simran Sethi joi
Chapman Freeborn and Optimus Logistics Group form strategic partnershi Chapman Freeborn has entered into a strategic partnership with Optimus Logistics Group to enhance the efficiency of aircraft delivery and repositioning. The collaboration aims to offer a seamless, fully integrated solution for aircraft ferry services, addressing a traditionally complex and costly process with a faster, safer, and more cost-effective approach. Founded in 2011, Optimus Logistics Gr
EU pushes for $45 Russian oil price cap and expands crackdown on shadow fleet The European Union has proposed a fresh round of sanctions against Russia, including those targeting more than 70 ships in the so-called shadow fleet and lowering the price cap on Russian seaborne oil. The latest proposal, unveiled on Tuesday by European Commission President Ursula von der Leyen and High Representative Kaja Kallas, blacklists an additional ...
DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th vessel in DryDel's ongoing newbuilding program, ...
COSCO Shipping Specialized Carriers seals $310m deal for six heavylift ships COSCO Shipping Specialized Carriers is bringing in six multipurpose heavylift vessels in a deal with Bank of Communications Financial Leasing (BoComm Leasing). The Shanghai-listed unit of COSCO Shipping Group, with a diversified fleet of more than 150 ships, has signed up for 60,000 dwt units built at CSSC-affiliated Chengxi Shipyard. Under the agreement, COSCO Specialized ...
Petrobras launches survey tenders for offshore wind pilot project Brazilian state-owned oil and gas company Petrobras has launched two tenders for an offshore wind pilot project off the coast of Rio de Janeiro state. One tender is for the acquisition and processing of geophysical data in ultra-shallow waters off São João da Barra. The acquisition, processing, and interpretation services will use electrical tomography, bathymetry, ...
Clarksons Port Services to support O&M of RWE's German offshore wind farm German utility RWE has signed two deals with Clarksons' port services unit to support operations and maintenance activities at the Nordseecluster offshore wind project. Clarksons Port Services will construct a new warehouse facility in the port of Eemshaven in the Netherlands. The facility will be around 1,700 sq m. RWE has agreed to take a ...
Ship shape or ship shame? Review site gives crews the power Workers at sea have reacted positively to the launch of a platform to allow crewmembers to anonymously rate and review living conditions onboard vessels with the site's creator keen to get all shipping sectors involved. Despite its name, OffshoreShipAdvisor.com, the seafarer's equivalent of Tripadvisor now covers all shipping sectors, not just offshore, with more than ...
ONE tied to $1.76bn South Korean boxship order Singapore-based, Japanese-owned carrier Ocean Network Express (ONE) has been tied to a recent order for a new series of large containerships placed at HD Hyundai Heavy Industries. On Tuesday, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced that an Asia-based client had commissioned eight 15,900 teu vessels in a deal worth around $1.76bn. While ...
ADES jackup gets more work in Cameroon Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Africa-focused oil and gas player Tower Resources. Tower Resources said that it issued a letter of award for one of ADES's rigs, which, for now, is proposed to be the 2019-built Admarine 510. The rig will drill ...
Odfjell Technology and OSP form oilfield services partnership Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, and Oilfield Service Professionals (OSP) have entered into a global strategic partnership. The two companies are aiming to enhance operational performance, efficiency, and innovation across international oilfield markets. This collaboration combines Odfjell Technology's experience in the energy industry wit
Could forward accommodation blocks become mainstream? Maersk has shown the way for other shipping sectors to radically shift ship design with the decision it took earlier this decade to shift accommodation blocks forward for a series of methanol-fuelled boxships. Other sectors are now looking at similar shifts. Two new projects focus on relocating the crew living quarters and navigation bridge from ...
Developer requests to cancel New Jersey offshore wind project Atlantic Shores Offshore Wind, a joint venture between Shell New Energies and EDF Renewables, has filed a request to cancel its wind project off the coast of Atlantic City, New Jersey. In the request, filed with the New Jersey Board of Public Utilities, the developer listed the Trump administration's opposition to wind energy and the ...
World's largest shipmanager debuts initiative to tackle ageing officer demographics With the global maritime industry grappling with a tightening talent pool, ageing officer demographics, and rising demands for digital and adaptive skills, Anglo-Eastern, the world's largest shipmanager, has unveiled Mission 30, a landmark initiative aimed at empowering young talent within its seafaring ranks. The program sets an ambitious target: to increase the percentage of management-level ...
Halliburton bags work on Repsol's UK offshore assets Repsol's UK arm, Repsol Resources UK, has awarded Houston-headquartered energy service giant Halliburton a contract to support the full well lifecycle on their platform assets in the UK North Sea. Under the five-year deal, Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments. The company will deliver a ...
Morning Midas completely burned through as salvors arrive on scene The car carrier Morning Midas, adrift off the coast of Alaska, is still burning, with the first tug arriving at the scene on Monday. The fire on the Zodiac Maritime-managed 4,902 ceu car carrier started a week ago, on June 3, during the vessel's voyage from Mexico to Lázaro Cárdenas, Mexico. The vessel is chartered ...
IEA launches LNG capacity tracker After years of market instability, tight supply conditions, and volatile prices, the global natural gas market is entering a new phase-characterised by a significant wave of liquefied natural gas (LNG) supply growth, backed up by an extensive orderbook of gas carriers on order in China and South Korea. To support transparency during this shift, the ...
New Chinese owner focuses on Guinea cape trades Shunyu Shipping, a joint venture between state-run Xiamen Xiangyu and Shunda Mining, has officially launched focusing on the capesize trades between China and West Africa. Backed by Xiangyu's extensive expertise in international commodity trading and Shunda's mining operations in Guinea, Shunyu aims to control the full logistics chain from ore extraction in Africa to steel ...
Prolonging a career at sea Can improved connectivity onboard lead to more seafarers extending their time onboard before pursuing a career ashore? The second installment of Connectivity with Inmarsat, a special report contained within Ship Concept 2035, our new magazine. Shipping faces a shortage of qualified staff at sea, a problem that risks becoming more acute over the next 10 ...
Panama Canal transits drop in May despite counterintuitive boxship rise May was not a great month for the Panama Canal, but it's too early to call a downward trend. The...
Russian oil price cap set to be slashed as EU pitches latest sanctions package European Commission proposes cutting oil price cap from from $60 to $45 per barrel, but US support will be key
Weak IMO rules leave WinGD with challenging outlook, says CEO WinGD chief executive Dominik Schneiter says the IMO's two-tier carbon price will lock in fossil LNG as he calls for...
Israeli navy strikes Houthi-controlled Hodeidah port The Israeli Navy struck the port of Hodeidah in the early hours of Tuesday amid the ongoing Houthi attacks on...
'The genie is out of the bottle': how low-earth orbit has revolutionised shipping Elon Musk's Starlink has entered the shipping market at a pace that took everyone by surprise, but the question now...
Salvage team arrives at Zodiac Maritime vehicle carrier as fire continues to rage Fire aboard the Zodiac Maritime-controlled Morning Midas has been raging for the past week following detection of smoke on vehicle...
Crews still getting raw deal on rest breaks, food and medical care Cardiff University sociology department conducts a lifestyle survey of 2,200 seafarers
Hanwha secures US support for Austal investment With US backing, Hanwha expects approval from the Australian government to increase its current equity stake in Austal from 9.9%...
Cosco Shipping expands MPV fleet with six newbuilds from Bocomm Leasing The move highlights the deepening ties between Chinese leasing companies and domestic shipowners amid ongoing geopolitical and market pressures
Chinese inspection group CCIC exits Singapore as US sanctions bite CCIC's Singapore subsidiary has been forced to shut down and lay off hundreds of employees after being blacklisted by the...
Wan Hai boxship rocked by further explosions Four crew remain missing from the Singapore-flagged Wan Hai 503, as efforts to contain blazes onboard continue
Red Sea traffic remains 60% lower than normal volumes The security dynamics in the Red Sea may have changed, but analysis of vessel-tracking data reveals this has done little...
Ocean Network Express boosts newbuilding backlog with $1.8bn boxship order Latest order adds to 40 neo-panamax boxships ordered by Japan-backed liner operator between May 2022 and July 2024
The Daily View: Our big blue problem requires a big blue solution
Daily Briefing Transpacific box rates lose steam as carriers undercut for cargo | Final US port fee plan won't be released until...
Asia-USWC spot rates weakening as vessel overcapacity takes hold A widening spread between the West and East coasts comes as carriers have added fresh capacity, especially to Southern California, to take advantage of what had been a sharp jump in demand and rates following the US pause on higher tariffs against China.
Norfolk Southern will raise container storage fees ahead of expected surge The railroad said the higher fees, which are temporary, are meant to keep terminals fluid amid the higher volume of imports expected to land in the US over the coming weeks.
Congress takes aim at China's maritime industry with new legislation A trio of bills would change US shipping law to reflect the current wariness surrounding China's maritime industry and promote cargo preference for US fleets.
Cargo sensors present benefits, challenges for regulatory agencies: WCO The lack of interoperability between a wide-ranging set of tracking hardware products presents an obstacle for customs authorities to overcome, a new report has found.
Robust demand emerges on Asia-Europe ocean trade as peak season begins But all eyes are on the July 9 end to the 90-day pause on US tariffs that forwarders believe will determine the level of demand through the rest of the year.
US shippers ride ebb and flow of Mexican cross-border freight demand Data shows the up and down movement of goods in recent months tied to changing US tariff policy.
Israeli navy ship rains down missiles on Houthi-controlled Red Sea port Israel's military warns 'those present' at Hodeidah to keep away from terminal
Star Wars speeder? No, it's UK designer's electric trimaran ferry Zero-emission vessel project carried out under UK's Clean Maritime Demonstration Competition
Trump gives UN oceans gathering cold shoulder as von der Leyen arrives with a plan European Commission president calls for quicker ratification of High Seas Treaty on biodiversity
Quebec terminal firm fights two US steel giants after ship loaded with 'commingled' iron ore Quebec's QSL locking horns with US Steel and Cleveland-Cliffs
EU confirms it wants price cap cut to $45 as it sanctions 77 ships Moves aimed to pressure tanker trades further
MSC deal threatens principle of neutrality, warns Panama Canal boss Aponte-led consortium could gain unfair advantage over rivals in port terminal operations
Trading giant Mercuria linked to second capesize from Norwegian lessor Sole Shipping Tanker player's bulker pivot appears to have been more extensive than initially thought
Charterer insurance specialist Charterama expands into the US Rotterdam-based insurer specialises in protection and indemnity cover for charterers
Former Maersk operations chief Stephen Schueler buys into fuel platform Experienced shipping executive bolsters Maersk-alumni-founded BetterSea
Golden Ocean panamax head quits to trade capesizes for miner Anglo American Singapore-based Sorensen will join one of his former employer's big customers
Jump in Red Sea shipping traffic overblown, third-party data suggests Clarksons and PortWatch statistics show traffic still stagnating below half its pre-crisis level
'I make money to buy art': The deals keeping George Economou on the road As a collector and benefactor, art has played an increasing role in the shipping magnate's life
Price cap on non-sanctioned Russian oil shipments could be cut to $45 under plans mulled by EU Move would pressure tanker traders further
Signs pointing toward strong second quarter for car carriers as trade war looms Figures from Hoegh Autoliners suggest US automobile tarrifs have not yet bit volumes and rates
BW Group-backed Cadeler fixes €675m financing for wind newbuildings with DNB Norton Rose Fulbright advises Norwegian lender on funding deal
'Mini-boom' loses steam as Asia to US container freight rates peak Transpacific earnings are falling as capacity increases hit home
Vitol fixes tankers for potential Red Sea trips as Nor-Shipping stalls VLCC term market Trader said to have booked suezmax and aframax for up to three months
Adnoc L&S gives LNG steam turbine sales another try But shipowner opting to swerve breakers for now
Petronas vessel signals LNG Canada arrival date as new project prepares for start-up Malaysia state energy company CEO says Canadian interests 'crucial' to LNG ambitions
Cosco Specialised Carriers inks $310m charter deal with leasing giant Bocomm The six MPP vessels are being built by Chengxi Shipyard in China
New US port fee proposals will chop $700,000 off car carrier calls, Clarksons says Analysts examine the latest potential revisions to measures targeting overseas shipping
Russian crude allowed on sanctioned tanker after Japanese refiner given waiver Fixture shows more willingness to deal with Putin regime despite Western measures
'I make money to buy art': The deals keeping George Economou on the road As a collector and benefactor, art has played an increasing role in the shipping magnate's life
Ex-Maersk and Tata finance expert joins top team at SeaLead Simran Sethi is tasked with driving strategic growth
Houthi attacks blight improving safety picture for bulkers Bulk carrier losses and deaths fell last year, but security concerns linger, says Intercargo
New shipowner-miner joint venture targets capesize bulker fleet Xiamen Xiangyu and Shunda Mining team up on dry cargo operations linking China and West Africa
Shipping analyst training pays off as Bola Ogidan beats rivals to fantasy football prize Nigerian energy company boss scoops coveted manager of the year award
Israeli navy ships rain down missiles on Houthi-controlled Red Sea port Israel's military warns 'those present' at Hodeidah to keep away from terminal
Russian crude allowed on sanctioned tanker after Japanese refiner gets waiver Fixture shows more willingness to deal with Putin regime despite Western measures
Dramatic image reveals extent of damage to blaze-ravaged Zodiac car carrier as salvage tug arrives US Coast Guard continues response to blaze with salvor Resolve Marine
ONE linked to $1.8bn container ship order at HD Hyundai Heavy Industries Ulsan-based shipyard is scheduled to deliver eight ships by the second half of 2028
Japan's Shinomiya Tanker orders five bulker newbuildings as fleet rebuild takes shape Lauritzen Bulkers and HMM are among the charterers
Burning Wan Hai Lines boxship is listing amid further explosions Indian Coast Guard continues battling blaze on stricken container vessel off Kerala
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
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