Stena Immaculate: Pollution fears lessen As the response to the incident involving the strike on the U.S.-flag tanker Stena Immaculate by the containership Solong continued today, it looked that the worst fears of pollution from the two
First Odfjell vessel equipped with eSAILs is headed for Houston Nearing completion of a project first announced in August 2023, the Odfjell chemical tanker Bow Olympus has departed the EDR Antwerp Shipyard in Belgium with four 22-meter bound4blue eSAILs installed. "The five-year-old
Smart cloud mining leads the new trend and easily realizes wealth appreciation With the continuous development of blockchain technology and the rapid expansion of the digital currency market, cloud mining , as an efficient and convenient investment method, is gradually attracting the attention of investors. The launch of smart cloud mining provides users with a new way to increase wealth, allowing every participant to easily enjoy the dividends brought by the digital econom
SAAM reports US$59 million net income in 2024 SAAM reported a net income of US$59.2 million from continuing operations in 2024, with EBITDA reaching US$188 million (+17%) and revenue totalling US$578 million (+7%), marking a solid year for the company. During the previous year, SAAM completed the integration of acquired assets from Starnav (Brazil) and Pertraly (Ecuador). Additionally, SAAM recorded US$479 million in net income from the sale
Thurrock Council approves 10-Year LDO for London Gateway Expansion Thurrock Council has approved a new 10-year Local Development Order (LDO) to facilitate continued growth and job creation at DP World's London Gateway Logistics Park. The LDO streamlines the planning process for the Park's customers, ensuring that all new construction projects meet the BREEAM 'Outstanding' standard. Under this framework, new builds receive final approval within 28 days, allowing
HHLA's CTA to implement 5G Network under DigiTest initiative Hamburger Hafen und Logistik AG (HHLA) Container Terminal Altenwerder (CTA) is receiving funding to establish a 5G network as part of the German Federal Ministry for Digital and Transport's (BMDV) "DigiTest" initiative. This pilot project aims to create a digital testing ground at the terminal, where new application scenarios can be trialed to enhance logistics efficiency. As part of the PROCON-5
Robbery incidents surge in Singapore Strait amid social challenges and geopolitical shifts The recent armed robbery on a Panama-flagged tanker in the Philip Channel brings to the forefront the level of the security risk in the Malacca and Singapore Straits, a crucial spot of the global trade
Canada/Mexico tariff see-saw the latest to add uncertainty for supply chains: Freightos Early last week, President Trump rolled out 25% tariffs on all US imports from Mexico and Canada only to issue a one-month reprieve for automotive goods covered by the USMCA a day later and extend that suspension to all imports that fall under the USMCA by 13 March. An estimated 50% of imports from Canada and 38% from Mexico fall under the USMCA and include automotive goods, food and agricultural
Port of Vancouver nears 3.5 million TEUs in 2024 Container trade rebounded, returning to pre-pandemic growth trends at the port of Vancouver, which in 2024, handled 3.47 million TEUs, marking an 11% increase from 2023 levels and a 2% growth compared to 2019 figures. Import volumes at the Canadian port grew by 14% as retailers restocked inventories, while exports increased by 5%, with Canadian goods reaching 128 different countries. Meanwhile, t
Yang Ming records US$2 billion in annual net profit Taiwan's major ocean carrier Yang Ming Ming reported consolidated revenues of US$6.94 billion and a net profit after tax of US$2 billion, resulting in earnings per share (EPS) after tax of NT$18.38. The company delivered strong operational performance and profitability throughout the year with the board also approving a cash dividend distribution of NT$7.5 per share. In 2024, the container shippi
CMA CGM applies Far East-Tanzania peak season surcharge CMA CGM informs its customers of the implementation of a Peak Season Surcharge (PSS) for shipments from Far East to Tanzanian ports. The new surcharge will apply to all cargo shipped from Far East ports, including North, Central, and South China, Hong Kong, North East Asia, South East Asia, and the East Coast of India to the ports of Zanzibar and Tanga in Tanzania. Effective from 20 March until f
HMM must not be slanted towards containers, says KOBC boss The new president of Korea Ocean Business Corporation (KOBC), HMM's second-largest shareholder, said that South Korea's flagship container line should diversify further beyond its main business. Ahn Byung-gil was discussing HMM's plan to acquire SK Shipping's tanker and dry bulk operations
North Sea Accident: Container Ship Captain Arrested The captain of the Portuguese-flagged container vessel Solong, which was involved in a collision with the tanker Stena Immaculate in the UK North Sea on 10 March, has been arrested on suspicion of "gross negligence manslaughter". The two vessels caught fire after the hull of the jet fuel-carrying tanker was ruptured, leaving one seafarer from the Solong crew missing and presumed dead. Although ye
Gemini to facilitate return to JIT deliveries Improvements in the reliability of scheduling offered by the Gemini Cooperation on their new hub and spoke services could see a return to just-in-time (JIT) deliveries, allowing shippers to reduce inventories and costs, according to Danny Smolders, Managind Director of Global Sales at Hapag-Lloyd
Port of Los Angeles appoints new Chief of Staff The Port of Los Angeles has named Stephanie Magnien Rockwell Chief of Staff to the Executive Director. In this role, she will oversee special projects, manage executive and administrative matters, provide high-level staff support, and serve
Diana Shipping fixes another kamsarmax to Cargill New York-listed Greek bulker owner Diana Shipping has secured its second Cargill charter within a month. The commodities giant is chartering in the 2010-built kamsarmax Medusa for up to 16 months. The 82,194 dwt Tsuneishi-built vessel, which earlier this year came off a long-term charter with ASL Bulk Shipping at $14,250 per day has now ...
Taiwan's CMT takes option on newcastlemax brace Taiwan's Chinese Maritime Transport (CMT) is moving forward with its dry bulk newbuilding project at a domestic yard. The owner of 13 vessels spread across capesize and newcastlemax segments has settled to contract two more 210,000 dwt units at CSBC Corporation. The newbuilds, costing about $77.5m each, will feature scrubbers and likely be delivered between ...
Ocean Installer joins team developing UK floating wind farm Marine construction contractor Ocean Installer has joined the alliance of companies developing the Aspen floating offshore wind project in the North Sea. Ocean Installer's addition to the alliance will drive down the costs of installation and its existing fleet of vessels and workforce can be transferred to the floating offshore wind sector without significant adaptation. ...
Havila extends bareboat deal with OceanPact Norwegian offshore vessel owner Havila Shipping has secured a contract extension with OceanPact for its subsea vessel Havila Harmony. The 2005-built and 2007-converted ship also known as Parcel Dos Meros will stay with the Brazilian offshore vessel owner and services provider on a bareboat charter until the end of 2025. The Fosnavåg-based firm, which operates ...
Global Wind Service wins work on RWE's Thor offshore wind farm Fred. Olsen-owned Global Wind Service (GWS) has been awarded a contract for work on RWE's Thor offshore wind farm. According to the company, the contract relates to the installation of 72 secondary structures on the monopile foundations. GWS has been actively engaged in project preparations since September 2024, working closely with the RWE and specialist ...
Peter Döhle firms up boxship newbuilds in China Germany's Peter Döhle Schiffahrts has moved fast to complete its containership orders in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has exercised options for a pair of 8,400 teu newbuilds at CSSC Guangzhou Shipyard International (GSI) after signing up for three firm units earlier this year. Brokers have placed a ...
Debt-laden Sapura Energy secures $250m government bailout Malaysia's troubled offshore services player Sapura Energy has secured a RM1.1bn ($250m) bailout from the government to repay debts to vendors. The company said in a Bursa Malaysia filing on Wednesday that the country's Ministry of Finance had agreed to provide a financial injection to the company. The investment was done via Malaysia Development Holding ...
Captain arrested on suspicion of gross negligence manslaughter over North Sea collision The captain of the containership Solong, involved in a collision with the Stena Immaculate tanker in the UK North Sea, has been arrested on suspicion of gross negligence manslaughter. The incident, which took place on Monday with both ships bursting into flames after the jet fuel-carrying tanker's hull was ruptured, led to one crewmember from ...
Stalling UK P&A decom projects could increase costs by $5.5bn Political and fiscal uncertainty has impacted investor confidence in the UK which is accelerating the decline of domestic production, as a result, $26bn could be spent on decommissioning in the next decade, with well plug and abandonment alone accounting for almost 50% of the cost. An analysis by consultancy firm Westwood reveals that timing uncertainty ...
Russian strikes kill four crew in Odesa Barbados-flagged bulk carrier MJ Pinar was hit by Russian missiles at the port of Odesa yesterday evening with four crew killed, and another injured. The dead crew hailed from Syria and Ukraine. The handysize vessel was loading a cargo of wheat when it was struck with images showing the ship's port side badly charred.The attack ...
American private equity takes over leading ship supplier J.F. Lehman & Company (JFLCO), a US private equity firm, has bought ship supplies specialist Wrist from Altor Fund II (Altor). No price has been revealed for the acquisition. "Wrist is an outstanding fit with our investment strategy. Its strong positioning with blue-chip customers, differentiated logistics capabilities and innovative digital solutions are transforming the maritime ...
Houthis issue warning to Israeli ships Yemen's Houthi group said Tuesday that they are resuming a ban on the passage of all Israeli ships in the Red Sea, Arabian Sea and Bab al-Mandab Strait after a four-day deadline they gave Israel to allow humanitarian aid into the Gaza Strip expired. Israel halted all aid supplies into Gaza on March 2 and, ...
Bangas buy India's International Maritime Institute The Banga family, who own Hong Kong's Caravel Group and Fleet Management, have bought India's International Maritime Institute (IMI) for an undisclosed sum. 'Established in 1991, the IMI in Noida near New Delhi, specialises in pre-sea training for cadets. Acknowledging what is described as an "urgent challenge" to attract and develop young talent to sustain ...
Hapag-Lloyd sends another seven vessels in for jumboisation treatment German liner Hapag-Lloyd has earmarked another series of ships for jumboisation. Alphaliner is reporting seven vessels built around a decade ago have been heading to China where their capacities are being expanded from 9,324 teu to around 10,200 teu. COSCO Zhoushan Shipyard has been tasked with the project. Two years ago, Hapag-Lloyd carried out a ...
Zim's view on US port fee plan and why spot rates are falling Zim's stock, the most heavily traded container equity on the world, continues to be a big bet on geopolitics. Geopolitical...
EU entities on hook for what non-EU subsidiaries do on Russia sanctions Shipowners and insurers face lexical challenge of defining 'strictly necessary' and 'best efforts' under 16th round of regulations
Spoofing goes haywire as gas tanker visits Hindu temple A US-sanctioned gas tanker's efforts to fly under the radar by manipulating its AIS failed comically when it appeared to...
Baltic Exchange adds biofuel blends to emissions cost calculator The Baltic Exchange has added new green fuel options to its free FuelEU cost calculator, as the new regulation drives...
Fatal Russian attack on Odesa a reminder of Moscow's ability to disrupt shipping Barbados-flagged MJ Pinar was hit by a ballistic missile while reportedly loading wheat bound for Algeria, killing four seafarers
Switzerland now world's largest boxship owner, Germans confirm Statistics from Verband Deutscher Reeder show both landlocked neighbour and China ahead on aggregate gt yardstick
Yang Ming poised to order new ships following 2024 profit surge While strong 2024 profits support the investment, the company warns of risks from overcapacity, geopolitical tensions and rising costs impacting...
Russian master of containership arrested for UK collision Owner Ersnt Russ said fires on the containership have diminished, though the vessel is still emitting smoke and there are...
China-built tankers lose favour as USTR discriminatory levy looms The USTR levy is another in a long line of 'grey swans' that will inject volatility, and which the tanker...
The Daily View: Bad language SustainabilityRisk and CompliancePolitical Risk and Trade
Caravel expands maritime training with acquisition of Indian academy Move aims to enhance global seafarer training and support industry advancements in digitalisation, automation and sustainability
Carlos Pena tipped to 'unleash' potential of CTM as new chief executive Change at the top comes after solid year when CTM's supramax pool outperformed the market index
Houthis 'resume' blockade on Israeli shipping in Red Sea This announcement does not change the security situation as so-called restrictions against Israel-owned and -flagged vessels were never lifted even...
Daily Briefing Why Trump may be about to apply 'maximum pressure' to shipping's fake flag problem | US port fees a 'game...
Tariff uncertainty prompts US retailers to downgrade spring import forecast The National Retail Federation now says it expects a downward shift in the second quarter as importers face challenges from tariffs and elevated inventories in the wake of significant cargo frontloading.
Tariffs, USTR uncertainty cloud Zim's outlook after banner 2024 Zim's decision to keep more capacity available for spot rather than contract business on the trans-Pacific allowed it to capitalize on the expanded deployment of capacity on the trade.
'Resilient' Cathay Pacific ready to offset any e-commerce decline: chairman The ability to shift capacity to alternative growth markets combined with a diversified cargo mix will insulate the airline from US moves to target e-commerce imports from China, according to its chairman.
Container shipping facing a mix of challenges both old and new While the 15-month-old Red Sea crisis is ever present, ocean carriers and their customers are also now navigating the vagaries of the trade policies and proposals of the Trump administration.
UK investigators take lead in probe to determine cause of fiery collision US and Portugal take secondary roles as MAIB highlights that container ship Solong was on its regular route
Zim forges deal to buy neo-panamax duo from tonnage provider Seaspan Carrier purchases ships worth $160m ahead of charters expiring in 2027
'You're only supposed to blow the bloody doors off': Trump, China and shipbuilding Affinity (Shipping) newbuilding head Nick Wood assesses US plans to curb China's shipping dominance
Trump tariffs weigh on sluggish panamax bulker spot rates as market pins hopes on Brazil soy exports Rates have risen from January lows, but markets still unsettled
Moment of impact: Video footage shows container ship and Stena tanker collide in North Sea Footage from Orca AI shows harsh conditions before fatal accident off UK coast
Hoegh Autoliners takes over leased vessel as size push rolls on Oslo car carrier owner splashes $36.5m in buy from financial owners
Zim outlook flags frontloaded profit and weaker year-end Prospect of Red Sea opening factored into earnings guidance of $1.6bn to $2bn
Navigator to remove joint-venture director after arrest in Pertamina fraud probe US-listed LPG carrier company says three vessels are owned by joint operation in the country
Baumarine pool adds upside for S'Hail Shipping through fixed-hire switches Klaveness and Marubeni operation marks eighth year of cooperation in Doha
LNG carrier lay-ups set to double as number of idle ships grows Charter rates finally tip upwards but is this beginning of the end for older vessels?
Navigator's profit rises as it begins to fix out ethylene carrier newbuildings US-listed owner says talks ongoing for more of its new vessels
Echoes of 2008: Record container ship orderbook with long lead times mirror pre-crash boom Similarities appear as boxship orderbook breaches 9m teu for first time
Virtually all container ship calls in US will be hit by proposed port charges, says trade body Leading shipping voices say changes will have a massive impact on trade
Maria Angelicoussis sells her two oldest capesize bulkers to Anil Sharma-backed Lila Global Duo deal comes as Sharma's Dubai-based shipping company dumps vintage cape onto Bangladeshi ship recyclers
Zim logs $2.15bn profit in 'exceptional' turnaround year Israeli liner company reaps windfall and raises outlook on expectations of continued Red Sea crisis
Arrested master of burning North Sea container ship identified as Russian national The 59-year-old is in custody on suspicion of gross negligence manslaughter
Ukraine-Russia ceasefire opens door for 'maximum pressure' on Iran Rystad Energy admits it is early, but more oil means greater latitude for the White House
A 'very normal' man went to Monaco to work for Peter Livanos - now he's in charge Engineer Carlos Pena opens up about his 20-year climb to the chief executive's position at CTM
Stena reveals new bond sale as liquidity hits $1.8bn Swedish shipowning group sells $150m of debt to pay off 2028 maturity
Pollution fund urges rapid probes for oil spills from unsafe tankers Compensation body says urgent checks are needed on insurance status of vessels suspected of being behind spills
Investors price in CMB.Tech-Golden Ocean merger after Saverys swoop for John Fredriksen's stake Arctic Securities says 'merger makes a lot of sense'
Second elderly LNG carrier of 2025 sold for demolition as sales candidates ratchet up An expected flood of steam turbine tonnage set for the breakers has yet to emerge
Former Advantage Tankers VLCC reported flipped as prices stay ahead of paper valuations Older vessels still beating valuations as Yinghao Spirit said to have changed hands again
Yang Ming profit surges to $2bn but 'significant uncertainties' ahead Taiwanese boxship owner says it was boosted by longer routes and port congestion
Columbia brings in OSM Thome's Simona Toma as crewing boss after Faouzi Fradi leaves Schoeller ship services group appoints rival's Singapore boss
Houthi attacks or not, shipping still steering clear of Red Sea Shipping companies did not appear to trust Houthis in the first place, as attacks could resume
SSY opens Aberdeen office staffed with ex-Clarksons offshore brokers Broking group has been steadily growing within offshore support services
Odfjell makes first tanker suction-sail move in Bound4blue deal Norwegian chemical carrier group adds technology to vessel in just two days
Andreas Sohmen-Pao's BW Group buys $6.6m Hafnia shares as stock slump deepens BW now holds 45% of outstanding shares
'Wild uncertainty' stalling term tanker deals, broker Braemar says Few owners and charterers willing to place a forward bet amid geopolitical upheaval
Houthi rebels restate threats against Israeli shipping However, Yemeni militia group makes no mention of resuming attacks on non-Israeli-affiliated vessels
Andreas Sohmen-Pao's BW Group buys $6.6m Hafnia shares as stock slump deepens BW acquired 1.3% of outstanding share in past week
Eastern Pacific clears out capesize bulker brace as it takes delivery of newbuildings Singapore-registered Pioneer Bulk and Jade Ocean Marine named as buyers of Mount Song and Mount Austin respectively
Four Syrian seafarers killed in Russian missile attack on Odesa Piraeus-managed vessel controlled by Middle Eastern interests caught fire in port
Hong Kong-based Caravel Group buys Indian seafarer training institute Training courses will be applied to Caravel's fully owned unit Fleet Management
Wan Hai weighs $240m LNG fuel switch for methanol-ready container ships Liner company poised to pay more than $30m per ship when it upgrades the 16,000-teu newbuildings
Air France-KLM trims Airbus order for A350 freighter Air France-KLM is substituting two A350 passenger jets for freighter aircraft on its Airbus orderbook because it can get the passenger planes sooner.
Ocean container rates slide as US tariffs shadow logistics planning Shippers and carriers watch and wait as Trump trade policy whipsaws supply chain strategies.
ILA, port employers sign historic 6-year contract The International Longshoremen's Association and United States Maritime Alliance signed a new six-year master contract covering U.S. Eastern Seaboard and Gulf Coast ports.
From DHL to AC/DC, GlobalX Airlines lands new transport deals Global Crossing Airlines has a diverse customer base, including sports teams, rock bands like AC/DC and the parcel shipping giant DHL Express.
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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