Helm Operations marks 10,000 vessel milestone Victoria, B.C.-headquartered maritime software specialist Helm Operations reports that it has reached 400 customers and that more than 10,000 vessels and assets are now running on its flagship product, Helm CONNECT, worldwide.
South Korea's first state-owned all-electric ferry is powered by ABB In a significant step fpr South Korea's strategy for maritime decarbonization, Busan Port Authority (BPA) has officially launched Korea's first state-owned all-electric ferry, with the end-to-end electric power and propulsion system supplied
Jebel Ali Port gets first phase of Living Seawalls DP World has completed the first phase of its Living Seawalls project at Jebel Ali Port. The company deployed 1,000 eco-engineered panels that transform flat seawall surfaces into habitats for marine life. The initiative enhances biodiversity and sets a new benchmark for sustainable port infrastructure in the region. The project, developed with Living Seawalls and the Sydney Institute of Marine S
Wärtsilä expands Eraring battery project Wärtsilä will deliver the fourth stage of the Eraring battery energy storage facility at Origin Energy's Eraring Power Station in New South Wales, Australia. The expansion adds 360 MWh, bringing total capacity to 700 MW / 3,160 MWh. The project is the largest battery facility in Australia and one of the largest globally. It strengthens Wärtsilä and Origin's leadership in large-scale energy storag
BIMCO approves new FuelEU and ETS clauses for ship sales BIMCO's Documentary Committee has approved new FuelEU Maritime and ETS clauses for use in Memoranda of Agreement (MoAs) for ship sale and purchase. The clauses address how the FuelEU Maritime Regulation and the EU Emissions Trading System (EU ETS) affect vessel transactions and aim to give buyers and sellers greater certainty. "Regulations such as FuelEU Maritime and EU ETS are complex and reshap
Appalachian Regional Port sets record November The Appalachian Regional Port moved 3,876 containers in November, its busiest month on record. Volume rose nearly 35 percent from a year ago. Georgia Ports Chief Commercial Officer Flavio Batista said the ARP is delivering strong performance. "Our customers are experiencing a very strong, smooth-running supply chain," he said. The inland port continues to grow as a logistics hub. It offers daily
Sea-Intelligence: Cascaded capacity reaches secondary trades in 2025 In issue 744, Sunday Spotlight , Sea-Intelligence analysed the displacement of global vessel capacity, tracking over 16,000 vessel transfers across 2024 and 2025. The data indicates that the "Cascading Effect" - where tonnage shifts from primary to secondary trade lanes - has entered a distinct new phase in 2025-2H. While 2024 was characterized by an injection of capacity into Asia-Europe to mana
Alabama Port Authority begins $100M Pier B South upgrade The Alabama Port Authority has begun demolishing and rebuilding Pier B South, kicking off a multi-year program to modernize the Port of Mobile's general cargo terminal. Built in the 1920s, Pier B South has served Alabama industries for nearly a century. A $100 million federal investment, championed by Senator Richard Shelby, will transform the aging berth into a modern, high-capacity facility for
ABP breaks ground on Humber industrial and logistics scheme Associated British Ports has started construction works on the first phase of its major Humber development at its Helm Immingham site, the most significant development of its kind in the region for decades. This first phase of development at this 227-acre strategic location follows the grant of reserved matters planning from North-East Lincolnshire Council for 103,000 square feet of modern purpos
Bunker market sees mild downtrend By the end of Week 50, the global MABUX bunker indices posted a moderate decline. The 380 HSFO index fell by US$3.83, to US$403.50/MT, moving closer to the US$400 level. The VLSFO index edged down by US$1.11, to US$486.27/MT. The MGO LS index recorded the steepest drop, decreasing by US$9.02 to US$753.68/MT. At the time of writing, the global bunker market showed no pronounced price dynamics. MAB
CNC launches new CV7 and revamped CV8 CNC has introduced its new CV7 service and a revamped CV8, strengthening connections between Central China and Ho Chi Minh City with faster transit times, added capacity and improved schedule reliability. The new CV7 offers a weekly direct link between Ningbo and Ho Chi Minh City, designed to deliver speed, stability and competitive lead times. At the same time, the enhanced CV8 service provides
Panamax container ships resilient in decade after canal expansion Over the past decade, charter rates for traditional Panamax container ships, which range from 4,000 to 5,300 TEU, have risen tenfold, beating sceptics' claims that the Panama Canal's expansion spelt the death knell for these vessels. When the new Panama Canal locks opened in 2016, the future of Panamax ships, widely used on Canal-routed East-West services, suddenly looked bleak, reported Alphalin
lomarlabs partners with Advanced Wing Systems lomarlabs, the venture catalyst created by Lomar, has announced a collaboration with Advanced Wing Systems to adapt proven sail technology into a containerised, automated wing-sail system designed specifically for global merchant shipping. Advanced Wing Systems is known for its semi-rigid wing sails, which offer many of the aerodynamic benefits of fully rigid wings but with far fewer operational
ADNOC L&S grows LNG fleet with delivery of Al Sadaf ADNOC Logistics & Services has taken delivery of Al Sadaf , the fourth in a series of six new-build LNG carriers constructed at China's Jiangnan Shipyard. The vessel arrived on schedule and is departing immediately on its first commercial voyage. The 175,000 m³ carrier is more than 25% larger than older models and is designed to cut methane emissions by up to 50%. It forms part of ADNOC L&S's mul
Why the STCW Basic Safety Training Course is the Foundation for Every New Seafarer Container shipping is one of the most vital sectors of global trade, with millions of goods moving across the seas every day. The scale and complexity of operations make safety a top priority for every crew member onboard. To ensure that all new seafarers are adequately prepared for the challenges of life at sea, the STCW Basic Safety Training course has long been regarded as the cornerstone of m
US seizes sanctioned oil tanker off Venezuela The United States has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, according to Reuters. The move pushed oil prices higher and further escalated tensions between Washington and Caracas. "We've just seized a tanker on the coast of Venezuela. Very large tanker, largest one ever, actually," Trump said. Asked about the oil on board, he added: "W
Ukraine disables sanctioned tanker in Black Sea using sea drones According to Reuters, Ukrainian sea drones struck and disabled a tanker linked to Russian oil shipments on Wednesday as it sailed through Ukraine's exclusive economic zone in the Black Sea. The vessel, identified as the Dashan, was en route to the Russian port of Novorossiysk. The strike marks the third attack in two weeks on vessels Kyiv labels part of Russia's "shadow fleet", a network of unreg
CMA CGM selects Coega as new ISC-MEG destination CMA CGM has updated its service offering for shipments from the Indian Subcontinent and Middle East Gulf (ISC/MEG) region, announcing that Port Elizabeth will no longer be available as a port of destination. The company confirmed that the new destination in the area will be Coega (Ngqura Container Terminal). The change applies to all cargo types and becomes effective with the CMA CGM KRIBI 0MSNIW
MSC adds direct Bilbao call to NWC-USA-SAWC service MSC has strengthened its NWC-USA-SAWC service with a new direct call at Bilbao, Spain. The move gives exporters in northern Spain faster access to key markets in the Caribbean, Central America, and the West Coast of South America. The upgraded service supports a wide range of industries, including plywood, raw materials, and food and beverages. MSC said the move underlines its commitment to impro
Container shipping's capacity glut collides with fragmenting global trade Massive fleet expansion ordered during pandemic boom now threatens industry profitability as geopolitical tensions reshape cargo flows
2025 container market review The global container shipping market in 2025 entered a more stable phase following several years of extraordinary volatility. The industry continued to adapt to normalized freight demand, restructured logistics networks, and balanced fleet utilization, while stock movements across major carriers still revealed meaningful regional differences. By looking at indicative 2025 price highlights for lea
EVE Energy and Green Whale partner on marine battery systems EVE Energy has signed a strategic partnership agreement with Green Whale Technology (GWT) to expand the global use of marine battery energy storage systems (BESS). The two companies will deliver high-performance battery systems and lifecycle services to shipowners, operators, and shipyards worldwide. The partnership combines EVE Energy's lithium battery technology with GWT's marine engineering, c
GEODIS expands sustainable transport in Spain with new Duotrailers GEODIS has strengthened its commitment to sustainability and operational efficiency in Spain with the acquisition of twelve additional environmentally efficient road vehicles. This follows recent changes in Spanish legislation that allow Euro-modular duotrailers on designated routes. The new investment brings GEODIS's European Road Network fleet in Spain to a total of eighteen duotrailers and tra
BIMCO rolls out new FuelEU and ETS clauses for ship sale deals BIMCO has taken another step in helping owners and buyers navigate Europe's tightening climate regulations by adopting new FuelEU Maritime and EU ETS clauses for inclusion in sale-and-purchase memoranda of agreement (MoAs). The world's largest shipping association said the clauses are designed to give both sides clear guidance on who is responsible for fuel-compliance balances, ...
Hartmann and Heidelberg Materials link up on methanol-powered cement carriers Germany's Hartmann Group has teamed up with Heidelberg Materials Northern Europe to develop a new methanol-powered pneumatic cement carrier for high-frequency coastal service in Norway. The project includes an option for a second vessel and marks a major step in decarbonising cement transport along the Norwegian coast. The newbuild will operate under a 10-year charter ...
Zamil Offshore takes over Remøy Shipping Saudi Arabia's Zamil Offshore Services Company (ZOSCO) has taken a decisive step into the Norwegian offshore market with the acquisition of Remøy Shipping for an undisclosed sum. The deal, which also includes Rem Stadt and RS Crewing, secures the future of Remøy Shipping after more than a century under family ownership. Founded in 1899, the ...
DeepOcean secures extended IMR deal with Equinor DeepOcean has strengthened its long-standing ties with Equinor after securing an extension to its subsea inspection, maintenance and repair (IMR) frame agreement. The renewal will keep the ocean services provider busy through 2026 and into 2027, using specialised IMR vessels and a wide suite of subsea capabilities. The contract covers offshore IMR work as well ...
Shell books Northern Ocean rig for Namibia campaign Northern Ocean has secured more work for its semisubmersible rig with the signing of a contract with a Shell subsidiary for the Deepsea Mira, which will start drilling offshore Namibia in April 2026. The deal covers one firm exploration well with an option for a second. The firm slot is expected to run for around ...
GT Wings secures Grieg investment to scale wind-propulsion tech UK-based wind propulsion company GT Wings has announced the close of a significant investment round led by Grieg Kapital, the investment arm of the Grieg Group. The Grieg Kapital investment included established investment partners, such as Blackfinch Ventures and One Planet Capital. According to the company, the investment will enable GT Wings' growth plans, support ...
MOL eyes expansion of biodiesel under new China partnership Mitsui O.S.K. Lines (MOL), Sinopec, and Marubeni have signed a memorandum of understanding (MOU) for the establishment of a long-term supply system for marine biodiesel fuel. This memorandum aims to establish a long-term and stable supply system for biodiesel fuel, an alternative to heavy oil made from recycled biomass. MOL will work to expand the ...
TGS wins seismic work in Brazil's Campos basin Oslo-listed seismic data specialist TGS has announced the award of a streamer 4D contract in the Campos basin, offshore Brazil. A Ramform vessel is scheduled to mobilise for the survey in the second half of 2026, with the contract expected to last approximately 75 days. The client was left undisclosed but was described as an ...
ICTSI puts pen to paper on long-delayed Durban terminal deal Manila-based port operator International Container Terminal Services Inc (ICTSI) has formally signed a 25-year partnership agreement to run and upgrade Durban Container Terminal (DCT) Pier 2, South Africa's busiest container facility. The contract sets in motion a long-planned joint venture between Transnet and ICTSI, with operations to shift to the new structure - Newco - ...
US rakes in nearly $280m at first 'Big Beautiful' lease sale The US has made some big bucks from the Big Beautiful Gulf 1 lease sale, which is the first mandatory offshore oil and gas lease sale required under the similarly named One Big Beautiful Bill Act. The US Department of the Interior stated that the sale generated just shy of $280m in high bids for ...
Seatrium lands new jackup deal from International Maritime Industries Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has been awarded a repeat contract from International Maritime Industries (IMI) to supply equipment and the license for a self-elevating drilling unit. This follows IMI signing an agreement with ARO Drilling to build an offshore drilling rig in Saudi Arabia named Kingdom 4. ...
Vessel detained in Odesa over Crimea trade links Ukraine's security services have detained the Gladius, a Guinea-Bissau-flagged general cargo ship, after the vessel arrived in Odesa to load steel pipes - and investigators say they have uncovered extensive evidence tying the vessel to past illegal calls at occupied Crimea. The 1992-built, 8,224 dwt ship, formerly known as Aminah Star, switched both name and ...
US seizes VLCC off Venezuela US forces have seized a tanker widely believed to be the VLCC Skipper, after satellite evidence showed the 310,000 dwt vessel covertly loaded 1.1m barrels of sanctioned Venezuelan Merey crude at the port of Jose - despite broadcasting falsified AIS positions placing it far away. The Trump administration confirmed the operation on Wednesday, describing the ...
Ukraine takes out suezmax in the Black Sea Ukraine's campaign against Russia's shadow tanker fleet has intensified, with the suezmax Dashan the latest vessel struck by naval drones in the Black Sea - the third foreign-flag tanker disabled by naval drones in a month. Ukraine's covert operations agencies targeted the Dashan, a 2005-built, 165,000 dwt suezmax formerly linked to the Gatik Ship Management ...
First a seizure, now sanctions: US designates tankers for Venezuela trade after years-long lull US pressure on Venezuela is mounting. After unveiling the seizure of the VLCC Skipper on Wednesday, the US has announced...
Targeting of tankers off Venezuela and in Black Sea could boost rates VLCC rates remain above six-figures per day and rising threats to the shadow fleet - both legal and military - should push...
A peace deal doesn't mean the end of the shadow fleet With peace talks between Ukraine, Russia and the US ongoing, shipping must begin to ask itself what happens to the...
Regional carbon prices may not be all that bad, argues Jan Dieleman Cargill shipping head Jan Dieleman has suggested regional emissions regulations might not be as bad as usually feared
EU port of refuge guidelines mean 'no rejection without inspection' No obligation on states to accept requests, but that would change little, key architect contends
Secondhand boxship market maintains momentum as recycling hits 20-year low Recent transactions included the sale of two 4,300 teu panamaxes to Asian buyers, while prolific buyer MSC snapped up a...
One Hundred People 2025 countdown - 25-11 Lloyd's List has launched its annual One Hundred People ranking, the definitive guide to the most influential figures shaping the...
Second HMM takeover looms amid labour disputes Although an official sale notice has not yet been issued, Dongwon has followed Posco in showing interest in acquiring HMM.
India's Russian crude oil imports stay firm as sanctions kick in US has placed sanctions on Russian crude oil, but Putin says Russia will ensure uninterrupted fuel flows to India
Seasonal peaks flattening out, say bulker owners The traditional dry bulk seasonality has been disrupted in recent years, with the fourth quarter of 2024 notably lacking its...
The Daily View: Out of Africa
Top 10 marine insurers 2025 Nobody likes paying marine insurance premiums. But nobody hates marine insurance payouts
Daily Briefing Shipping decarbonisation delayed, not derailed, say BV chiefs | 'We did not do our homework': divided African states were an...
CargoWise's pricing model change could mark final milestone in market ascent The ubiquity of WiseTech's flagship platform in the forwarding market has placed a target on its back - one that grew larger with a significant change last week in how it prices its product.
Seaboard Marine revamps Gulf service to combine calls in Central America The carrier this week said a new service it is launching is "designed to enhance reliability and significantly improve transit times" between US Gulf ports, Central America and the Caribbean.
Cascading container tonnage spreads structural overcapacity to secondary lanes New analysis shows a systematic displacement of tonnage from primary to secondary trade lanes has occurred over the past two years, while a shortage of capacity is looming over the smaller shipping segment.
US sanctions six large tankers as Trump tightens screws on Venezuela White House press secretary says US will not stand by and let sanctioned ships sail the seas
US tankers braced for retaliation after White House sent a message with VLCC seizure Analysts say the high-profile US operation is likely to provoke a reaction as tensions grow in the Caribbean Sea
Campaigners call on IMO to tighten rules on livestock carriers Letter claims 110 ageing livestock carriers still in service with an average age of 40
Jefferies debate: Stunning it has left shipping, or shocking it stayed so long? This week's Streetwise looks at how a bank with 'shipping in its DNA' may test negative going forward
Three shipping lawyers become partners in Norton Rose Fulbright promotion round Matthew Bambury, Ieronymos Bikakis and Olivia Cullen move up the ranks at UK law firm
Hartmann orders methanol bulker backed by 10-year charter Partnership with Heidelberg Materials includes option for another cement vessel at Chinese yard
Greek capesize shake-out accelerates with George Economou selling oldest ship Major owner sees Asian interests lap up yet another big bulker that enters the third decade of its work life
US Coast Guard seeks cargo ship in rare $99m charter tender Government agency takes unusual step of asking commercial owners to offer in vessels
World's biggest VLCC owner: Booming rates to climb higher next year China Merchants Energy Shipping believes current earnings bonanza could be topped as fundamentals remain strong
Ship fires spark India into action with ports of refuge plan Hunt for specialist centres on India's east and west coasts follows a string of high-profile losses off its coastline
Saudi Zamil Offshore buys Remoy Shipping as it expands to Norway Remoy has a fleet of nine offshore vessels
KCC completes milestone with ExxonMobil as it targets tanker trade growth for Cleanbu fleet CEO sees synergies for combination fleet
World's biggest VLCC owner says booming rates will be even higher next year China Merchants Energy Shipping believes current earnings bonanza could be topped as fundamentals remain strong
Italy's Snam pays out $147m to buy out other key shareholder in Livorno FSRU terminal Igneo infrastructure fund exits as state energy company takes control
China's LNG demand wanes just as global volumes start to ramp up Poten's Jason Feer forecasts 100 cargo cancellations in 2029 to 2030 period as glut of LNG hits saturated market
Four ship fires spark India into action with ports of refuge plan Hunt for specialist centres on India's east and west coasts follows a string of high-profile losses off its coastline
Trump uses shipping to turn the screw on Venezuela Move continues first-term strategy as Venezuela oil exports climb
Zim shareholder revolt: Investors slam CEO's buyout plan as 'conflict of interest' Minority shareholders seek transparency amid concerns that a management takeover would be far below true asset value
Fearnleys strikes $150m in project finance deals Investment bank has arranged four new projects in the second half of the year
Damaged Ukraine-hit tanker to be towed to safety in Bulgarian port The ship is one of at least three Russian-trading ships attacked by Ukraine in two weeks
Russian oil exports plunge amid Ukrainian Black Sea tanker attacks, says IEA November saw a series of drone attacks on Russian oil facilities and shadow fleet tankers
Knutsen tipped to snare Equinor LNG newbuilding business Will Norwegian owner clean up on energy companies' requirements?
Fearnleys reveals top bond picks as it starts coverage of Navios and International Seaways Earnings visibility and assets with a liquid secondhand market are key priorities in top pick list
Over 30 sanctioned tankers at risk of being seized by US after shock VLCC detention Shipping data shows sizeable Venezuelan-trading armada fits the profile of the ill-fated Skipper
US gives Western buyers more time to strike deal for Lukoil's overseas assets Jewel in the crown is the West Qurna 2 field, where a force majeure on exports remains in place
Spiralling casualty costs pile pressure on salvors Salvage industry is under the spotlight as emergency response operations become more expensive
Grieg leads investment round into UK wind system GT Wings Funds will be used to prepare for 'large-scale installation volumes'
George Procopiou's Dynagas goes for $10m share buyback in New York LNG carrier company has given itself a year to make the purchases
Venezuela denounces US tanker seizure as an act of piracy Location transponder of vessel suspected of being seized shows it sailing off Grenada on Thursday morning
Sale and purchase broker Sebastian Davenport-Thomas re-emerges at Howe Robinson Speculation ends as well-known broking name makes third big career move
NYK and MOL to pay $72m after groundbreaking price-fixing trial Five-year class action ends in UK with settlements made by Japanese shipping giants
What was the tanker Skipper up to in the weeks before it was nabbed by the US? Vortexa's Claire Jungmann details the movements of the VLCC suspected of being seized by the US off the coast of Venezuela
Venezuela denounces US tanker seizure, calling it an act of piracy Location transponder of vessel suspected of being seized shows it sailing off Grenada on Thursday morning
MOL, Sinopec and Marubeni to develop long-term supply of marine biodiesel MOL will promote biodiesel take-up, while Sinopec and Marubeni will build storage, transportation facilities and supply ports
US safety officials issue litany of safety concerns in final report on Baltimore bridge tragedy NTSB sends stack of recommendations to the Dali's manager, builder, classification society and more
Greek company buys deluxe expedition cruise ship Kalama Shipping's intentions for the Caledonian Sky remain unclear
China's LNG demand wanes just as global volumes start ramp up Poten's Jason Feer forecasts 100 cargo cancellations in 2029 to 2030 period as glut of LNG hits saturated market
Inside $7bn Cosco mega-order: Landmark deal involves six shipyards and eight different asset classes Latest deal follows six VLCCs inked separately in October
Cosco mega-order marks first foray into LNG fuelling More than half of the 62 container ships Cosco has on order are methanol-ready
'Last Breath' moment drives engineer to swap human divers with hull-cleaning robots Machines, not divers, should take on hazardous underwater work as new rules tighten biofouling control, says C-Leanship Asia COO
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