Davie moves to acquire Gulf Copper's Galveston and Port Arthur shipyards Canada's Davie Shipbuilding, today announced its intention to acquire shipbuilding assets in Galveston and Port Arthur, Texas, from Gulf Copper & Manufacturing Corporation. The transaction is still subject to financial, legal, and
New Catalina Express CARB-compliant ferry set to start construction A new CARB-compliant ferry is on its way. Marine Group Boat Works in San Diego is set to start construction next month on a new low-emission ferry for Los Angele based Catalina
CMA CGM applies peak season surcharges from China to Madagascar and Mozambique CMA CGM has announced the implementation of peak season surcharges on shipments from China to Madagascar and Mozambique. The first one (China to Madagascar) will be effective from June 16, with US$750 per TEU for all types of cargo. The second one (China to Mozambique) will take effect on June 14, with US$700 per TEU for all cargo types from Central & North China to Mozambique, and US$1,000 per T
Container rates surging as shippers rush ahead of deadlines Transpacific container rates to the West Coast doubled last week on June 1st GRIs to US$5,488/FEU, with the latest daily rates above US$6,000/FEU as shippers start peak season early and frontload goods ahead of tariff pause expirations in July and August. Prices to the East Coast climbed 60% to US$ 6,410/FEU with the latest daily rates above US$ 7,000/FEU, with rates on both lanes about even with
How MSC can leverage Black Sea's strategic reawakening Amid increased volatility in the Black Sea, Mangalia shipyard is drawing interest from giants like MSC and Turkish shipbuilder Desan. The timing is no coincidence as global shipping firms are actively seeking footholds in high-potential but underleveraged geographies, especially amid rising congestion, chokepoint instability, and fleet renewal needs. The Black Sea forces the European Union (EU) t
Toll Group buys Australian bulk cargo logistics specialist Toll Group has announced the successful completion of its acquisition of Transolve Global (Transolve), an Australian-based specialist in international freight forwarding of wine, bulk liquids, and perishables. This acquisition strengthens Toll Group's ability to deliver logistics solutions to its expanded customer base, leveraging Transolve's expertise in handling specialised commodities such as
Neutrality or strategic leverage for Panama Canal? As global maritime trade braces for intensifying geopolitical competition, the future of the Panama Canal's neutrality has emerged as a critical question. The recent announcement that two ports near the Canal may be sold to a consortium led by MSC has sparked concerns at the highest levels in Panama. The Panama Canal Authority Administrator Ricaurte Vásquez has openly warned that such a move coul
US and China reach tentative framework deal to revive trade truce US and Chinese officials have reached a tentative framework agreement to revive stalled trade negotiations, aiming to reinstate the Geneva consensus and lift some mutual export restrictions, including China's curbs on rare earth mineral exports. However, the deal offers limited signs of a lasting resolution to the broader and long-standing trade tensions between the two economic superpowers. The
Tariff pause sends valuation of six listed container carriers past US$10 billion Six publicly-listed container carriers saw their market valuation exceed US$10 billion in May, as the Red Sea crisis plus windfall profits from the threat of tariff action continued to keep shipping stock prices high, reported Alphaliner today
Peel Ports Group unveils US$40 million RoRo berth at London Medway Peel Ports Group has officially inaugurated its new GB£30 million (US$40 million) RoRo berth at London Medway, marking a major milestone in the port's infrastructure development and strengthening the UK's logistics capabilities. The new in-river berth and floating pontoon at the Port of Sheerness was unveiled during a formal ceremony attended by industry stakeholders and partners. The facility is
Far East-Europe continues to be world's largest trade lane The Far East-Europe trade lane continues to dominate global liner shipping, reinforcing its position as the largest corridor for containerized cargo. Over the past twelve months, the capacity of the global container fleet expanded by 8.9%, reaching 32.1 million TEUs, according to Alphaliner. During this period, an additional 2.62 million TEUs of new slot capacity was added to the fleet. Once agai
Panama Canal traffic on record track Container ship traffic through the Panama Canal reached record-breaking levels during the first five months of 2025, with more than 1,200 vessel transits through the locks in both directions, marking an all-time high for this period. This figure represents a 10.2% year-on-year increase compared to the same period in 2024, and a 4.1% rise over the previous record set in early 2022. The surge has b
Everllence selects new CFO The Supervisory Board of Everllence has appointed Rainer Seidl to the company's Executive Board, effective September 1, 2025. He will assume leadership of the finance division, succeeding Jürgen Klöpffer, who is stepping down as part of a planned retirement. Gunnar Kilian, Chairman of the Everllence Supervisory Board, commented that Rainer Seidl brings a wealth of financial acumen and analytical
Hellmann Worldwide Logistics extends digital logistics solution to North America Hellmann Worldwide Logistics is extending its innovative digital express service, Hellmann Express Airfreight, to North America, with operations commencing in the US and Canada by the end of June. HEX is a modern, fully digital platform designed for international door-to-door express deliveries, leveraging leading courier networks to consolidate shipments at a central hub. Unlike traditional air-
Maersk completes first series of methanol-enabled Equinox-I container ships Maersk has officially taken delivery of Axel Maersk, a 16,592 TEU methanol-enabled container ship, marking the completion of its first series of 12 Equinox-I class mainline vessels. The Danish ocean carrier initially ordered eight vessels from HD Hyundai Heavy Industries in August 2021. This order was expanded in January 2022, when Maersk exercised options for an additional four vessels, bringing
Have Pacific spot rates peaked? Negotiations between the United States and China over tariffs began in London, UK, with a high-level US delegation meeting Chinese representatives in an effort to reach a trade agreement. Talks begin without the expected surge in volumes heading across the Pacific to meet American consumer demand, or at least without the type of volume increase expected by container lines who rushed to redeploy r
How Long-Term Parking Solutions Help Independent Truckers Save Money Independent truck drivers live by the clock-and by the mile. Every delay, detour, or unexpected fee eats into their profits. While fuel and maintenance are obvious costs, parking is a less visible but equally significant factor. With rising rates, competition for safe spots, and time wasted on daily searches, many truckers turn to long-term parking solutions. Not only do these plans offer predict
ONE commences new India-Gulf service Ocean Network Express (ONE) announces the launch of its new India-Gulf Service, aimed at enhancing connectivity between India and the Middle East. "This strategic addition to our network is designed to address the growing trade demand between India and Oman, offering customers improved service reliability and optimized coverage across key regional ports," said a representative of the company. The
Toro circles back to tankers with $36m MR deal Nasdaq-listed owner Toro Corp has made a swift return to the tankers segment with the acquisition of a modern MR unit. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime has struck a deal for an unnamed 2021-built products carrier costing $36.25m. The company said it would fund the acquisition with cash on hand and that ...
Japan's Shinomiya Tanker taps domestic yards for handysize bulker series Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first ship, linked by brokers to a charter deal with Denmark's ...
ADNOC L&S lands $530m deal with petchem giant Borouge ADNOC Logistics & Services (ADNOC L&S) has secured a 15-year contract with its compatriot polyolefins major, Borouge, to manage logistics for more than half of its annual petrochemicals output. The deal, valued at $531m, covers port management, container handling, and feeder container ship services for the Borouge container terminal in Al Ruwais Industrial City, Abu ...
Dubai firm charters 42-year-old Seamec DSV Indian offshore vessel operator Seamec has inked a charter for one of its diving support vessels (DSV) with Dubai-based Mubarak Bridge Maritime. The UAE firm hired the 1983-built Seamec III DSV on a 20-day firm charter at a dayrate of $70,000. The charterer also has an option to extend the contract. The vessel will operate ...
Cadeler secures $770m in financing for newbuild pair Copenhagen-headquartered offshore wind installation player Cadeler has secured €675m ($770m) in financing for two newbuilds from a syndicate of international banks. The loans cover the financing of two A-Class wind foundation installation jackup vessels under construction in China and include both pre-delivery and post-delivery financing, as well as mission equipment financing elements. Ancillary
JP Morgan's shipping arm sells MR brace JP Morgan's shipowning affiliate, Bermuda-based Global Meridian Holdings, has cashed in on its early bet on eco-design tankers, selling off the same vessels that marked its entry into the segment six years ago-reaping healthy capital gains in the process. According to multiple shipbroking sources, Global Meridian is offloading two 49,999 dwt MR tankers-Clearocean Mary and ...
Polish 4GW offshore wind auction set for December Poland has announced that its first offshore wind auction will be held on December 17, 2025. Developers will compete for contracts supporting the construction of projects with a total capacity of 4GW. The auction will determine which offshore wind projects will be awarded 25-year contracts for difference (CfD). These contracts will give producers the right ...
Large-cap carrier club grows to six Container shipping has proven popular in recent weeks with investors on the back of surging, trade war-related freight rates, with Alphaliner reporting that as of last month, there are now six listed carriers officially deemed large cap with market valuations of more than $10bn. Wan Hai of Taiwan is the latest to join the large-cap ...
MSC eyes Romania's top shipyard Mediterranean Shipping Co, the world's largest containerline, is reportedly keen in buying one of Europe's largest shipyards. Romanian media reports suggest the Gianluigi Aponte-founded company has contacted the Romanian government expressing an interest in taking over the Mangalia shipyard, previously controlled by Damen, and Daewoo Shipbuilding prior to that. MSC is keen to use the ...
Record container production out of China allays box shortage concerns The huge swings in containership deployment brought about by Donald Trump's on/off trade war has seen rates rocket and congestion grow in recent weeks, however, unlike another great disruptor of the 2020s, covid, there is no box shortage this time. Container manufacturing in China is at higher levels than 2024's record figures. According to Linerlytica, ...
Another bonus of greater bandwidth at sea Will improved connectivity onboard improve competence in shipping? The latest installment of Connectivity with Inmarsat, a special report contained within Ship Concept 2035, our new magazine. Improved onboard connectivity significantly enhances competence in shipping, according to many people surveyed for this magazine. Enhanced connectivity facilitates real-time communication between onboard cre
No tariff relief despite US-China 'deal' hype - a negative for shipping The base case appears to be that US tariffs will be maintained by the Trump administration at or near current...
EU price cap plan could force shadow fleet changes but enforcement questions remain It remains unclear whether a lowered price cap would be a G7 plan or a solo EU move, but its...
Shipping seeks greater role in policy-making Owners complain at being excluded from MEPC deliberations but are offered a seat at the table in Brussels' strategising for...
Kasso e-methanol plant has lessons for green shipping In-house power generation, only making e-methanol at the times when power is cheap enough, and support of forward-thinking leaders and...
'Zombie' tanker Jaya departs China for Singapore amid signs of unsuccessful discharge AIS draught data and satellite imagery suggest the vessel may not have discharged its cargo during its latest stop in...
DryDel continues to place its chips on Japanese yards with new order Chief executive Costas Delaportas said he expected capacity at Japanese yards to tighten following the USTR port fees announcement
Global reefer trade maintains momentum Reefer trade is growing, with 2.5% growth in 2024 and 2% annual increases expected through to 2029. The US-China trade...
Ship recycling stays low, with just 20 ships beached during May The number of ships recycled in May was even lower than in April, although larger ships contributed to a rise...
Shipowners' Club underwriting at absolute sweet spot, says Peacock Keeping things 'flat and stable' is the key to success, argues chief executive
US corn exports take pressure off soyabeans US Department of Agriculture expecting record world production and consumption of corn, with the US set to lead the way...
The Daily View: Reading behind the headlines
MSC snaps up more than 30 secondhand boxships since January The world's largest containership operator has picked up 33 boxships from the secondhand market since January, with MSC doing four...
Political instability tops ICS survey of main shipping risks Latest in series of chamber's annual Maritime Barometer reports also finds dwindling industry confidence in handling the fall-out from geopolitical...
Daily Briefing Russian oil price cap set to be slashed as EU pitches latest sanctions package | Chinese inspection group CCIC exits...
Canadian National to move forward on new Chicago-area logistics hub The intermodal yard and attached warehouse park would be developed about 50 miles outside the city and is part of a $170 million investment plan unveiled by the railroad.
Panama Canal mulls developing Corozal to allay neutrality fears over Hutchison deal ACP Administrator Ricaurte Vásquez Morales says developing the terminal would help ease the concerns of ocean carriers that the canal's existing container terminals are concentrated among a handful of operators.
Carriers ride wave of 'disruptive' operating model, but for how long? Liners have enjoyed the higher rates and profits that come from external market shocks, but it's fair to wonder how sustainable that is, writes Peter Tirschwell.
Caravel Maritime selling two kamsarmax bulk carriers Hong Kong group recently became second-biggest shareholder in bulker owner-operator Pacific Basin
Trump says China trade deal results in 55% tariff, but requires talk with Xi Export restrictions for rare earths and ethane to be relaxed in a balanced way, Lutnick says
Report card on shipping's voluntary carbon initiatives: Good progress, but they need to try harder Academics examining private voluntary standards and initiatives say all show progress, but they have shortcomings
Canadian developer claims AI crystal ball for freight rates Three decades of data fed into AI model to help charterers and owners fix and position ships
Sinotrans Container Lines sale falls apart as state firms fail to strike a deal Talks collapse after failure to shake hands with China Merchants Energy Shipping
Petros Panagiotidis steps into tanker S&P market on the heels of Toro Corp spin-off Diversified Greek owner buys his first oil carrier in four years, after the April launch of new tanker venture
VLCC owners could enjoy summer rate party before cold, cold winter, says Kpler Trade analytics outfit says August is when Opec production will hit the water, with buyers expected to stock up
Northern Lights offloads first liquefied CO2 cargo at storage terminal Launch of Norway's carbon capture and storage Longship project scheduled for next week
Dry bulk bragging rights: Which owners beat the market and who was left lagging? This week's Streetwise reveals the results of the annual VesselIndex Report on public owners
Greek broker highlights big age 'challenge' as owners of modern tankers sit in pole position Athens shop Xclusiv says operators and charterers need to be aware of changing fleet profile
ITIC whittles down $6m claim against ship manager for legacy vessel defects UK insurer says complex case highlights risks of taking over ships
Chinese official slams US port fees as Sino-US trade talks inch forward Deputy shipping minister vows Beijing will continue cooperating with other countries, despite US trade war
Greek shipowners face lockout from lucrative Russian trade by lower price cap Doubts raised over impact of price cap cut as tumbling crude prices attract Greek players back to the market
Small chemical tanker deliveries set to hit 16-year high, SSY says Scrapping should pick up as 'moderate fleet renewal' picks up
Cadeler boss Mikkel Gleerup responds to allegations of harassment and bullying BW Group company's executive says he does not recognise picture of himself painted in Danish report
Greek owners and EU Commissioner clash over IMO zero-carbon plan UGS boss Melina Travlos and EU transport czar Apostolos Tzitzikostas are not equally enamoured of green measures
Shell Marine sees dual-fuel vessels dominating global orderbook by 2027 Decarbonisation lead Alexandra Ebbinghaus says IMO's GHG penalties may go up before falling from 2035
Adnoc L&S ties up $531m deal with petrochem firm Bourage Deal covers port management, container handling and feeder container ship services
Braemar account containing cash held back after 2023 deal probe frozen by UK crime agency London shop ring-fenced $2.5m after investigating legacy transactions from between 2006 and 2013
Gianluigi Aponte's MSC breaks new ground with bid for bankrupt Romanian shipyard Container and cruise giant sets sights on management of insolvent Damen Shipyards Mangalia
VLCCs plumb new depths as Chinese crude imports hit four-month low Braemar says refineries running at near-record lows, adding to rate pressure
Global LNG bunkering jumps by one-third in a year, Kpler data shows Europe forges ahead in May but Asia volumes slide back slightly
Clarksons signs 10-year port services deal for RWE's wind operations UK broker says German deal includes logistics and construction of a warehouse
Moundreas clan strikes for Japanese bulker in return to dealmaking Hellenic hunt for young bulker tonnage is on, with yet another deal amid falling prices
Indian refining trio plots $600m joint order for 10 product tankers IOC, Bharat Petroleum and Hindustan Petroleum said to be teaming up on deal
Extreme heat forces Middle East port to limit berthing Restrictions follow death of seafarer and treatment for three others because of heat exhaustion
Fearnley Securities project orders two OSV newbuildings Nordic Hamburg and Inter Gulf are project partners
Iran seizes four tankers in key waterway amid fresh fuel-smuggling crackdown Naval officers and marine commandos intercept vessels in Middle East Gulf
Astrup Fearnley group CEO: How AI, asset management and Greece fit in growth plans Group is hitting its growth targets and is 'working on' a new Athens base
Karpowership expands floating power station fleet with newcastlemax Niche operator has not made up its mind yet on how it will employ former Kotoku Kaiun vessel
Heidmar falls to loss as smaller fleet and reverse takeover costs hit bottom line Athens tanker and bulker company lining up deals to build back time-charter book
Shipowners share the 'secret sauce' to cultivate innovation culture Klaveness and Ardmore executives discuss how they set the table to implement new ideas
DryDel builds bulker orderbook with deal for ultramax newbuilding in Japan Costas Delaportas signs contract with Nihon Shipyard for a 2028 delivery
Guinea mining disruptions cost Indian player $22m in freight and demurrage charges Ashapura Group says it remains committed to market despite defaults by local logistics partner
China's New Dayang Shipbuilding bags order for two container ships Chinese shipyard returns to boxship market with new domestic order
Viewpoint: Why Western trade wars rage spell opportunity for the Global South West Africa-South Asia rice trade offers a blueprint for developing nations seeking to take control of their economic futures
Anglo-Eastern targets big rise in next generation of ship officers under 30 Ship management giant tackling 'tightening talent pool'
Love it or fear it, maritime AI is big news and big money Developers of maritime AI need growing capital to pay for teams of code writers as solutions take up time, money and energy
Hayfin's Andreas Povlsen has big plans for second maritime fund Alternative financier's maritime chief tells TradeWinds there are many opportunities for the right deal
Union rancor rises as Canada Post balks at arbitration Contract negotiations between Canada Post and mail carriers remain deadlocked as efforts to start arbitration falter.
Early peak coming as trans-Pacific container rates double Container rates on the Asia-U.S. trade lane surged as shippers rushed early peak- season traffic and carriers announced general rate increases, according to SONAR and Freightos data.
CPKC system cutover triggers service woes in some former KCS locations Chicago, Il. - The Canadian Pacific-Kansas City Southern merger has gone smoothly over the past two years - until a long-planned computer system cutover last month in former Kansas City Southern territory in the U.S. CPKC Chief Operating Officer Mark Redd says the cutover - during which CP's operations system replaced the old KCS system [...]
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