Montreal Port Authority says it's ready for a "tough year" Montreal Port Authority (MPA) president and CEO Julie Gascon and board chair Nathalie Pilon released the Port of Montreal's 2024 operating results at this week's MPA annual meeting. "In a global economic
Ingram Marine christens two towboats On May 6, Ingram Marine Group, Nashville, Tenn., held a special christening ceremony in Paducah, Ky., for the M/V Len O'Connor and M/V Jerry W. Long. The M/V Len O'Connor is named after Ingram's director of fleet
Viking floats out its newest Nile River ship, Viking Thoth Ocean and river cruise specialist Viking [NYSE: VIK] reports that its newest ship for the Nile River-the 82-guest Viking Thoth-has been floated out at the Arab Contractors Company's Massara shipyard in Cairo,
Hapag-Lloyd applies GRI on Pakistan-Middle East trade lanes Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and vice versa. The rate increase will be implemented on all cargo moving to and from Karachi Port, Pakistan, effective 20 May until further notice. The GRI will apply to all container types, including 20' and 40' dry containers, refrigerated (
Wan Hai Lines debuts new Vietnam-Thailand-India direct route Wan Hai Lines has announced a new direct service, the Tamil Nadu-Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and Visakhapatnam ports on 5 and 6 May, respectively. To mark this milestone, Wan Hai's India and local terminal operators held an inaugural ceremony, signaling the launch of the new service. The newly launched TTX service is a response to the booming
Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with reinvention. The recent ceasefire agreement between the United States and Yemen's Houthi rebels has eased immediate security concerns, prompting a pivotal question in global shipping circles: Is the Suez Canal truly ready for a large-scale return of traffic, o
MSC and ZIM downsize joint Far East-US East Coast service network In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust the capacity of their Far East-US East Coast network. As part of this update, the Empire/ZNS and Pelican/ZSL services will be suspended. Additionally, effective from the 19th week of the year, the port rotations of the following services will be updated as follows: Am
US sanctions target Iran-China oil trade, stirring waves across global shipping As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States, Iran, and China-this time on the high seas
AD Ports Group reports strong Q1 results AD Ports Group delivered a solid financial performance in the first quarter of 2025, with significant year-on-year growth in revenue, earnings, and profits. Revenue for Q1 rose by 18% compared to the same period last year, reaching AED 4.6 billion. Group EBITDA increased by 9% year-on-year to AED 1.14 billion, while net profit surged 16% to AED 464 million. "Our strong momentum from record 2024 r
Clarksons: Tariffs could see negative growth for container shipping Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter
CLdN to boost capacity on Liverpool-Dublin route CLdN announced a 25% capacity increase on its Liverpool-Dublin service, through the deployment of larger vessels with a higher cargo capacity than those currently serving the route. The new vessels deployed on the service will be four deck ConRo vessels with a capacity of 3.700 lane metres. The change to higher capacity vessels will also provide environmental benefits as the use of these larger s
India-Pakistan Rift Adds to Shipping Sector Woes As geopolitical tensions escalate between India and Pakistan following the deadly April 22 attack in Pahalgam, Kashmir, the global shipping industry faces mounting uncertainty . The two countries have imposed mutual port bans, further complicating regional trade flows at a time when the Red Sea remains severely disrupted by ongoing Houthi activity. These developments signal a deepening crisis for
Matson doubles Q1 profit despite flat container volumes In the first quarter of 2025, Matson reported a net profit of US$72.3 million-more than double its earnings from the same period last year-driven by a 10% increase in revenue to US$637.4 million. However, this financial growth was not matched by a corresponding rise in container volumes, which edged up only 1% to 183,000 TEUs. Strong performance in the Hawaii and Alaska trades was partially offse
Maersk unveils new container design in its signature blue After more than 50 years of using grey containers with white lettering, Maersk is updating the look of its dry containers to reflect a more modern and distinctive brand identity. The Danish shipping giant will now manufacture its dry containers in Maersk blue, featuring white lettering. This redesign will apply exclusively to new containers, as repainting the existing fleet would be prohibitively
SITC announces intra-Asia service network changes Hong Kong-based container line SITC will cease its Malaysia-India-Myanmar (MIM) service, covering Kuantan, Kolkata (Haldia) and Yangon from China. Instead, the shipping company will commence the Far East-India (FIE3), focussing on Kolkata, and the China Malaysia Express (CMX), linking Kuantan. The FIE3 will be operated by four 1,800 TEU vessels and will have the following rotation: Shanghai (Chin
Hapag-Lloyd announces surcharge from Asia and Oceania to African ports Hapag-Lloyd has announced a peak season surcharge (PSS) from Asia and Oceania to Kenya's port of Mombasa and Tanzania's port of Dar Es Salaam. The surcharge of the German carrier has been set at US$600 per TEU and will be effective from 23 May until further notice. Hapag-Lloyd noted that Asia and Oceania regions cover the following countries: Brunei, Cambodia, China, Hong Kong, Indonesia, Japan,
PSA BDP takes over Mexican logistics firm PSA BDP, a global logistics and supply chain solutions provider, announced the acquisition of a majority stake in ED Forwarding, a Mexico-based logistics solutions provider. With this acquisition, PSA BDP strengthens its presence in Mexico and enhances its ability to better serve customers with an expanded suite of supply chain solutions. Headquartered in Mexico City, ED Forwarding is well-establ
Okeanis Eco Tankers takes VLCCs out of Chinese leases Okeanis Eco Tankers is pulling its three youngest VLCC vessels out of Chinese leases. The New York and Oslo-listed Alafouzos family vehicle, with a fleet of six suezmaxes and eight VLCCs, has declared purchase options on the 2020-built Nissos Anafi and the 2022-built Nissos Kea and Nissos Nikouria. All three ships are under sale and ...
UK readies sanctions on another 100 Russian-linked tankers The UK is set to impose a new wave of sanctions against the Russian oil trade, targeting up to 100 more ships. The biggest sanctions package against Russia's shadow fleet should bring the total number of oil tankers blacklisted by the UK to more than 230. Announcing the latest move, Britain said the ships being ...
Dry bulk's long path towards decarbonisation Low-hanging fruit and the ramifications of what was agreed at last month's Marine Environment Protection Committee (MEPC) gathering at the International Maritime Organization formed much of the discussion during the Dry Decarbonisation panel moderated by Lloyd's Register's Nikos Kakalis at last week's Geneva Dry summit. Massimo Giovannini, managing partner at Monaco owner Trans Sea Transport ...
Alphard Maritime subsidiary hires PSV for ONGC Alphard Logistics, a subsidiary of Alphard Maritime, has hired a platform supply vessel (PSV) from Mumbai-based ABS Marine Services. Alphard hired the platform supplier for India's oil and gas company ONGC, as the end client. The contract for the vessel is valued at approximately Rs 20.60 crore ($2,4m). The contract for the charter of a ...
MOL buys stake in Taiwanese offshore wind farm Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipowner Mitsui OSK Lines (MOL). Through this acquisition, MOL enters Fengmiao I as co-owner alongside CIP's fifth flagship fund, CI V. Fengmiao I is CIP's third offshore wind project ...
Petrobras plans to decommission 68 platforms and reuse three FPSOs Brazilian state-owned giant Petrobras has revealed it will decommission almost 70 offshore platforms and FPSOs, three of which it has already decided to repurpose. Petrobras said that it is planning on decommissioning 68 platforms, two this year and a total of ten by 2029. The remaining 58 will be removed after that. This is according ...
Swire takes a stand against the shipping of donkey skins The Donkey Sanctuary, a British charity, has hailed Swire Shipping as the first global shipping line to commit publicly to a no donkey skins carriage policy. At least 5.9m donkeys are slaughtered for their skins every year. The collagen from their skin produces ejiao, a traditional Chinese medicine. China's domestic donkey population has collapsed, so, ...
Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong yesterday to face a charge of criminal damage and two additional charges for breaching ...
Empowering Filipino seafarers for a sustainable global maritime future Filipino seafarers represent the largest global crew contingent but are we doing enough to support them for tomorrow's shipping industry, asks Mailyn Borillo, managing director, OSM Thome Philippines. Filipino seafarers remain an essential pillar of global maritime operations. Representing more than a quarter of the world's maritime workforce, they are known for their resilience, loyalty, ...
Tariffs to reduce US imports by 20% in May-September, predicts NRF It's time for US retailers to plan peak season orders - 'the most important time in the buying process', says the...
Frangou preaches patience but Navios protects itself before the fact US-listed owner modernised the fleet, stacked its charter backlog and deleveraged prior to latest trade disruptions
Tariff fallout not here yet - but it's coming Bookings data and liner company reports confirm that US imports are falling fast as a result of Trump's tariffs. The...
Ageing vessels increase seafarer stress Increased maintenance on board older vessels was stretching crew resources thinly, the report said, creating both physical and mental fatigue
Capital Clean expects CO2 carriers to transport LPG and ammonia initially Quartet of 22,000 cu m newbuildings for Evangelos Marinakis-controlled owner will be world's largest when delivered
Master of cable-cutting boxship appears in Hong Kong court Prosecutors accused the master of failing to ensure the vessel had sufficient anchors and of not reporting daily to the...
India/Pakistan tension could already trigger BIMCO war risk threshold Pakistan designated a listed area by Joint War Committee
Onboard carbon capture is possible, but is it viable? A report by the Global Centre for Maritime Decarbonisation shows it's possible to capture carbon on board ships, but not...
MOL boosts Taiwan offshore wind exposure with 495 MW project deal MOL's investment advances the Japanese shipping group's strategy to expand involvement across offshore wind power value chains
UK sanctions 100 dark fleet tankers Norwegian insurer Ro Marine and Russian Soglasie have also been named on the UK sanctions list, the latter of which...
The Daily View: A case of hope over experience
Six ships boarded in Singapore Strait amid rising robbery cases With 50 cases recorded in 2025 so far, ReCAAP is urging stronger patrols and enhanced regional co-operation
Daily Briefing Maersk sees 30%-40% drop in China-US trade and 'race' for inventories | Shipping lines start to bypass Karachi as India-Pakistan...
Truckers send Trump administration long list of rules to rewrite or kill A request for industry comment on trucking regulations that could be modified or ended generated 896 responses in one month, with electronic logging devices and hours of service rules at the top of the list.
US retailers project first year-over-year import cut in 19 months as tariffs bite The National Retail Federation also warned the negative growth will accelerate, with imports through the summer expected to be at least 20% lower than the corresponding month last year.
Drop in USWC domestic intermodal volumes could come soon: Hub Group The US' second-largest intermodal carrier has not yet felt the effects of US tariffs on China, but notes the delay in impact between the ports and the rails could take a few weeks.
Manufacturing malaise clouds outlook for US industrial freight Trade disputes cast a pall over US manufacturing and trucking as exports and imports drop, PMI surveys show.
US-Houthi ceasefire claim not sufficient for carrier return to Red Sea: Maersk There remains no guarantee of safety for ships, crew and cargo passing through the waterway, which means it would likely be out of bounds for the rest of the year, says CEO Vincent Clerc.
Danaos adds $32m in Star Bulk shares, making it second-largest investor Container ship owner had been a major investor in Eagle Bulk Shipping before Star's takeover
Analyst lifts outlook for Capital Clean Energy as after better-than-expected earnings New York-listed gas carrier owner shows ability to score charters in 'less ideal environment'
CMB.Tech tanker helps diversify crude supply to Africa's biggest refinery Suezmax Sienna shipped in Dangote plant's first cargo of Nigerian Egina crude
New AET boss Nick Potter betting on LNG and ammonia in shipping's energy transition CEO of MISC-backed tanker group also evaluating other future-fuel options to meet climate targets
Wavelength podcast: Are tanker markets sinking? plus, 2020 Bulkers and are seafarers happy in their job looking after the industy's prized assets
UK blacklists 100 tankers to put pressure on Russia over peace deal Prime Minister Keir Starmer announces blacklistings in Norway
New AET boss Nick Potter betting on LNG and ammonia in shipping's energy transition CEO of MISC-backed tanker group also evaluating other future-fuel options to meet climate targets
Nordic American sheds veteran tanker after adding more modern vessels US-listed company banks $22.5m for suezmax built 21 years ago
Suezmax avoids Houthi missiles, but fails to evade British sanctions Cordelia Moon has hauled Russian oil since being targeted by the Yemeni rebel group in the Red Sea
Big Greek shipping names jump into Pimco-backed Athens fintech IPO Latsis, Moundreas and Kyriakou families sign up as anchor investors in firm raising about €100m
International Seaways plots buyback of six VLCCs from OceanYield with savings in sight Lower costs on former Gener8-Euronav tankers could reduce operating costs even further
Pangaea Logistics upbeat on revised port-fee protocols after lobbying US government Management says company is little affected by measures aimed at China
Maersk chief Vincent Clerc rules out Red Sea returns as 'complex, costly and hard to reverse' Carrier expects Red Sea disruptions to persist throughout 2025
'Challenging year': Skuld hit by claims surge as insurer racks up worst underwriting results in almost a decade Norwegian insurer says 2024 was a historically challenging year despite bumper investment results
Europe's power conundrum is proving an impossible puzzle Tackling Russia and energy prices have proved a tough test for European nations
'Happy' DIS boss not actively seeking to boost tanker charter cover Carlos Balestra di Mottola says term target has been reached for the rest of 2025
Jiangsu Ocean Shipping orders its largest container ships yet Chinese company splashes out about $180m on 3,000-teu newbuildings
Wallenius Wilhelmsen pushes US on port fees Norwegian owner - which does business with US government - hopes measures can be changed
Robbers strike six times in Singapore Straits in just five days Attacks surging more than threefold this year, according to Asian piracy watchdog
VLCCs deliver 'unprecedented' Russian and Chinese cargoes to Venezuela after spoofing AIS Satellite imagery reveals destination of mysterious shipments on Chinese-controlled tankers
Russian insurer and Norwegian rogue trader targeted in UK blacklistings Blacklistings mark latest stage in campaign against service providers of shadow fleet vessels
Cheniere notches up 4,000th LNG cargo milestone amid trade and tariff concerns President and CEO Jack Fusco has been on LNG industry lobbying trail in Washington DC for US producers
Master of Chinese ship that damaged Baltic gas pipeline appears in court Wan Wenguo remanded in custody in Hong Kong
Wallenius Wilhelmsen lobbies US on port fees Norwegian owner - which does business with the US government - hopes port fee measures can be changed
'Maritime Marshall Plan': Berge Bulk ready to go with carbon capture on ultramax Berge Yotei fitted with system to trap 15 tonnes of CO2 per day
'Heightened uncertainty': Danish Ship Finance warns of lower freight rates and asset values Lender expects freight rates and secondhand prices to normalise at lower levels
CLdN discounts electric vehicle as fire cause as car carrier returns to service Belgian owner believes blaze in Zeebrugge did start in a car, however
Norwegian credit fund uses 'dry powder' to snap up shipping bonds in market dip Fund buys Wilhelmsen, Stolt-Nielsen and Bonheur
One hundred 'dark' tankers face UK sanctions to put pressure on Russia over peace deal Prime Minister Keir Starmer will announce blacklistings in Norway
Okeanis Eco Tankers buys back VLCC trio from Chinese lease financier New Greek loans help Alafouzos family firm cut ties with CMB Financial Leasing
US rolls out new wave of sanctions two days before trade war talks Six tankers, a teapot refinery and three Chinese terminal operators targeted
Precious Shipping posts first-quarter loss of $4.14m in 2025 Losses stemmed from a very weak freight market in January and February
Stifel's Ben Nolan leaving shipping research after two decades Respected analyst is heading for New York-listed LNG producer Venture Global
Maersk: US-China trade war will swing world container demand The parent of Maersk, the second-largest ocean container carrier, revised its full-year box outlook, saying tariffs could cut global volumes by 1% from a year ago.
DHL to close Southern California warehouse, lay off 346 workers DHL's supply chain unit says it plans to close a distribution center in Ontario, California.
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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