VIDEO: BV's new AGS 3D delivers next-generation remote inspection Bureau Veritas Marine & Offshore (BV) has launched an advanced tool for ship and offshore structure inspections. Called the Augmented Surveyor 3D (AGS 3D), it is powered by artificial intelligence (AI) and
CMA CGM announces intermodal solutions in Egypt In complement to CMA CGM's 17 services connecting Egypt's ports to major global trade routes, the French carrier offers rail solutions in October Dry Port (ODP) connecting Greater Cairo and Upper Egypt's industrial and logistics zones Strategically located in the heart of the 6th October industrial zone, the ODP hub provides seamless cargo optimization through smart intermodal solutions. CMA CGM
X-Press Feeders wins Marine Money 2024 East Leasing Deal of the Year X-Press Feeders announced that its French leasing arrangement for six dual-fuel vessels has been named Marine Money's 2024 East Leasing Deal of the Year. In 2024, Eastaway France SAS, a subsidiary of X-Press Feeders, secured long-term financing exceeding US$280 million for the acquisition of six methanol dual-fuel vessels under a structured French leasing arrangement. The deal, hailed for its str
Strait of Hormuz on brink amid US embassy evacuation The Strait of Hormuz, the world's most strategically vital shipping chokepoint, is again under the shadow of potential conflict. As tensions between Iran and Israel escalate with the US preparing partial embassy evacuations in Iraq and authorizing the departure of military dependents from key posts across the Middle East, shipping professionals must assess the risks now threatening the uninterrup
Can America reclaim its shipbuilding edge in fragmented global market? The global shipbuilding industry is entering a decade of robust growth, projected to surge from US$42 billion in 2024 to more than US$73 billion by 2033, driven by container fleet expansion, shipping digitalization, and new decarbonization practices. Yet while East Asia dominates the industry, the United States is repositioning itself to play a more assertive role in the global maritime manufactu
CN Magazine | June Issue Out Now! This month's issue brings you everything you need to stay ahead in the world of container shipping, logistics, and ports. Here's what's inside: A full briefing of last month's top developments in the industry An exclusive interview with Carlos Lopez Barbera Key stock highlights and market movements Coverage of all the major events shaping the industry Grab your copy now and stay informed with CN
Hapag-Lloyd raises rates from West Mediterranean to Latin America Hapag-Lloyd has announced increased Freight All Kinds (FAK) rates from the West Mediterranean to South America West Coast, Central America and Caribbean. Effective from 1 July - and from 10 July for regulated countries (Colombia, Ecuador, Puerto Rico, US Virgin Islands) - the updated rates will be as follows:
Salvors work on Wan Hai ship amid fears of more blasts The Indian Coast Guard has said it is trying to tow the Wan Hai 503 away from the Indian coast to avoid an ecological disaster, as the ship burns for the fourth day. The coast guard is concerned about further explosions on the ship, which has more than 2,000 tonnes of fuel oil and hundreds of containers with hazardous goods. India's Director General of Shipping has disclosed that 157 containers o
Electric charging station powers emission-free construction of Princess Alexia Viaduct at Rotterdam port A dedicated electric charging station has been installed to power a fleet of emission-free construction machinery during the building of the Princess Alexia Viaduct on Maasvlakte 2. The viaduct project includes the construction of a fully electrified construction site, complete with fast chargers, a Stedin-connected transformer station, and a wide range of battery-powered equipment, including ele
ShibataFenderTeam Group inaugurates manufacturing facility in Valencia ShibataFenderTeam Group has officially opened its fourth global manufacturing facility, located in Valencia, Spain, expanding its production capabilities to better serve the growing demand across Spain, the Mediterranean, and the wider EMEA region. With a total investment of around US$8 million, the new plant will double production capacity for foam fenders and steel structures, enhancing deliver
Maersk applies new Gabon surcharge Danish ocean carrier Maersk is introducing a peak season surcharge (PSS) on shipments from Gabon to Africa, Europe, Middle East, Far East and Central America. Effective from 15 July, the following surcharge will apply to both dry and reefer containers: Origin Destination 20DRY 40DRY 40HDRY 20 REEF / 40HREF Gabon China, Ivory Coast, Cameroon, Spain, Japan, Ghana, Nigeria, Benin, Togo, Korea South,
Upward trend in bunker indices At the end of the 24 th week of the year, the global bunker indices published by Marine Bunker Exchange (MABUX) continued their moderate upward trend. The 380 HSFO index rose by US$1.80 to US$467.81/MT. The VLSFO index increased by US$1.18, reaching US$542.08/MT. The MGO index saw a larger gain, reaching US$729.67/MT. "At the time of writing, the market was experiencing minor, multidirectional fl
Unprecedented fleet utilization puts another layer of uncertainty in global shipping The global container shipping industry is entering uncharted waters as it sails into an era of unprecedented fleet utilization, with idle capacity plunging to a mere 0.6% of the world's 32 million TEU fleet, according to Alphaliner's report. With just 70 vessels (185,157 TEUs) currently inactive, the liner sector has become virtually fully employed, a situation not seen since pre-pandemic boom pe
Wärtsilä hybrid propulsion to power four new Vertom vessels Wärtsilä has secured a contract to deliver a fully integrated hybrid propulsion solution for four new 10,700 DWT geared tween decker vessels being constructed for Dutch ship owner and maritime services provider Vertom Group. The deal, booked in the first quarter of 2025, supports Vertom's fleet renewal strategy and commitment to sustainable shipping. The vessels will be equipped with the Wärtsilä
Port of Ventspils receives first electric crane Stena Line Ports Ventspils JSC has officially taken delivery of its first electric Konecranes Gottwald ESP.7 Mobile Harbor Crane. The new machine marks a major step forward in its strategy to modernize operations and reduce emissions at the Port of Ventspils, a vital Baltic trade hub linking the Nordics and Central Europe. Ordered in mid-2024 and delivered in Q1 2025, the new mobile harbor crane
KEZAD Group unveils KEZAD Business District Khalifa Economic Zones Abu Dhabi (KEZAD) has announced the launch of the KEZAD Business District, a landmark mixed-use commercial development located within the KEZAD Al Ma'mourah master plan, spanning 410 square kilometres. Strategically positioned at the gateway of the E11 highway between Abu Dhabi and the Northern Emirates, the new district is envisioned as a modern business destination that b
New US logistics firm launches operations A new veteran-led logistics company, Gulf of America Logistics (GOAL), has commenced operations to meet surging demand for project cargo services across the US Gulf Coast. Headquartered in Bossier City, Louisiana, US, GOAL enters the market at a pivotal time, as investment accelerates in energy, infrastructure, and industrial megaprojects across the region. Founded by Brent Patterson, a US Navy l
Oceaneering scores Gulf of Mexico vessel contract Houston-based oilfield services provider Oceaneering has, through its offshore projects group (OPG), secured a vessel services contract with an undisclosed major operator in the Gulf of Mexico. The agreement will see the US-flagged 2013-built multipurpose vessel (MPSV) Harvey Deep Sea deployed to carry out subsea inspection, maintenance, and repair (IMR) and installation services. The MPSV, ...
Chartwell Marine designs CTV to support legacy offshore wind turbines NR Marine Services has commissioned UK-based ship designer Chartwell Marine to design a new CTV, which will be capable of supporting older generation assets, now referred to as legacy turbines. These vessels will still be constructed and outfitted with modern technologies to maximise vessel fuel efficiency and comfort. The so-called Defiant class vessel is a ...
Crew rescued from sinking bulker in Indian Ocean All 23 crewmembers aboard the Panama-flagged bulk carrier Run Fun 3 have been rescued after abandoning their sinking ship in the Indian Ocean. The 172-m-long ship, built in 1997, departed Singapore and was sailing towards Togo when it began sinking due to an unknown cause of cargo hold flooding. The crew-21 Vietnamese and two Myanmar ...
Chinese master jailed for damaging Taiwanese undersea cable A court in Taiwan has sentenced a Chinese national, identified only as Captain Wang, to three years in prison for intentionally damaging an undersea communication cable connecting Taiwan's main island to the Penghu archipelago. This verdict marks the first conviction related to the severing of Taiwan's critical undersea infrastructure. On February 25, 2025, the Togolese-flagged ...
Green shipping leaders struggle to meet efficiency targets Just how big a mountain shipping has to climb if it is to keep up with the green goals set by the International Maritime Organization(IMO) has been set in sharp relief with the latest disclosure report from the Sea Cargo Charter, whose members are considered environmental leaders in shipping. Signatories to the charter were still ...
Philippines launches 3.3GW offshore wind round The Department of Energy of the Philippines has launched its Fifth Green Energy Auction, looking to secure 3.3GW of fixed-bottom offshore wind capacity with delivery slated between 2028 and 2030. This will be the first round to focus solely on fixed-bottom offshore wind technology. The DOE chose fixed-bottom offshore wind due to its established track ...
India takes action against MSC over sinking of 28-year-old ship Two recent ship casualties are making daily headlines in India, and stirring debate about cracking down on ageing vessels passing through the nation's waters. Nearly three weeks after the 28-year-old MSC Elsa 3 capsized off the coast of Kerala, the state's coastal police have officially registered a criminal case against Mediterranean Shipping Co, the vessel's ...
DOF anchor handler to stay in Canada for another three years Norwegian offshore vessel owner DOF has won a contract extension for one of its anchor handling tug supply (AHTS) vessels. The extension was awarded to the 2015-built Skandi Cutter by an undisclosed charterer. The vessel is currently operating in Canada under a contract set to end at the end of 2025. The vessel will now ...
Equinor awards plug and abandonment job to Baker Hughes Norwegian energy major Equinor has awarded a contract for plug and abandonment services on the Oseberg East field off Norway to oilfield services giant Baker Hughes. The plug and abandonment campaign planning phase, as well as its execution across several wells in the North Sea, will be led by Baker Hughes' mature assets solutions team. ...
Davie moves to buy Texas Shipyards Canadian shipbuilder Davie has set out to acquire shipbuilding assets in Galveston and Port Arthur from Gulf Copper & Manufacturing Corporation, a Texas-based company specialising in ship repair, construction, and marine services. The transaction for Texas Shipyards is still subject to financial, legal, and regulatory closing conditions, as well as land lease negotiations with the Galveston Wharv
Middle East shipping routes on alert amid rising US-Iran-Israel tensions A rare and urgent joint advisory issued by United Kingdom Maritime Trade Operations, Maritime Security Centre - Horn of Africa, and Joint Maritime Information Centre has set alarm bells ringing for ship operators passing through the Middle East. The advisory warns of an increased threat level in the Arabian/Persian Gulf, Strait of Hormuz, and the ...
Entropy and shipping Occasional columnist Santosh Patil on how rising disorder is reshaping our industry. The second law of thermodynamics and the concept of entropy which states that systems naturally progress from order to disorder is well-known. Today, few sectors reflect this principle more vividly than the global shipping industry. This rising disorder-or entropy-is reshaping the maritime world. ...
Geneva Dry 2026 opens for business Organisers of Geneva Dry, the world's premier commodities shipping conference, have unveiled today the agenda for the 2026 edition of the summit with marketing officially underway for what is forecast to be a record turnout at the five-star Hotel President Wilson on the shore of Lake Geneva. The annual Geneva Dry, which debuted in 2024, ...
How the daily routines of seafarers will evolve How much of daily manual operations at sea will be made redundant by 2035? The latest from Ship Concept 2035, our new magazine. How has your job changed over the past 10 years? Is the workload similar? That's the kind of thoughts we asked Splash readers to contemplate in our survey with one of the ...
Shipping is struggling with compliance complexity Lloyd's List survey reveals that the 'average' shipping company is not equipped with sufficient technical expertise to navigate regulatory compliance...
Dynamarine and James Fisher Fendercare plot STS transfer safety push New collaboration targets the elevation of practices in ship-to-ship cargo operations
Toro acquires tanker following new spin-off Acquisition by Petros Panagiotidis-led owner could become second unit in fleet of newly-listed Robin Energy
Master of cable-cutting vessel convicted in Taiwan court Wang Liang was convicted in Tainan District Court for a violation of the Telecommunications Management Act after his ship caused...
Safer shipping here to stay, says Allianz Commercial's Heinrich Low level of losses likely to be repeated in coming years, says head of hull at German insurance giant
Study questions worth of voluntary green shipping initiatives A study by UCL has questioned the effectiveness of voluntary green shipping initiatives such as the Poseidon Principles and Sea...
Bulkers continue to get safer despite fleet growth The latest report from Intercargo shows vessel losses have consistently declined since the turn of the millennium, despite significant fleet...
Global port throughput forecast dims despite strong first quarter Impact of US trade policies will hit home in the second half of 2025, as frontloading dissipates and volumes wane...
BC Ferries' ro-pax newbuilding contract faces backlash over Chinese yard choice BC Ferries is having to fend off local concerns after choosing an experienced Chinese builder of ro-pax ferries for its...
Fire on Wan Hai boxship largely contained Two firefighting vessels deployed to the burning containership have managed to contain the blaze
UK Chamber of Shipping disappointed with Reeves spending review State support needed to ensure competitiveness, argues shipowner trade association
Conflict between Israel and Iran would 'most certainly' close the Strait of Hormuz The US has begun the evacuation of some personnel from the region, including dependents in Bahrain and some staff at...
South Korean yards cut delivery times as efficiency improves Improvements have enabled earlier deliveries of important vessel orders and boosted overall yard output. Move comes as US-China tensions have...
The Daily View: Give peace a chance. Up to a point
Charterers continue to lag behind IMO green goals The Sea Cargo Charter's latest climate disclosure report shows slow progress aligning with green targets. Its vice-chair says the long-term...
Singapore tanker broker Vantage to raise $13m in US IPO The Singapore-based shipbroker aims to strengthen its presence beyond Asia, especially in Western markets and the dirty petroleum products sector...
Daily Briefing EU price cap plan could force shadow fleet changes but enforcement questions remain | 'Zombie' tanker Jaya departs China for...
June expected to be peak for niche carriers in the trans-Pacific: analyst Sea-Intelligence said elevated freight rates are drawing small carriers to the eastbound trade lane, but the additional capacity should dwindle by mid-August.
US trucking rate momentum stalls amid volume decline: Cass, PPIs Instead of rising in May as would typically be expected, US freight volumes dropped, and that's having an impact on pricing, freight indicators reveal.
Car carriers shift gears to cope with east-west trade imbalances Rising Asian vehicle exports have surpassed falling volumes from the west, forcing trade reshuffling and a rise in ballast trips.
Industrial cargo demand challenged by regional variation, economic uncertainty While some markets grapple with the lingering effects of trade disputes and fluctuating demand, others are experiencing unprecedented growth driven by green initiatives, robust domestic infrastructure development and the necessities of defense.
Back in business: India's oldest private shipyard rises from the ashes Swan Heavy is ready to take orders, says CEO
Demand and tight tonnage push Braemar kamsarmax spot assessment up by 20% in a week Shipbroker also sees gains in Pacific market
Why AI can't yet sail your ship, safety expert explains Head of UK's Centre for Assuring Autonomy says AI has many uses but needs more real-world testing
Can contango save the summer as VLCC owners eye new long-haul routes? Broker BRS says shift in oil pricing could support rock-bottom rates
Chinese captain jailed in landmark case after ship damaged undersea cable Three-year sentence handed to seafarer named only as Captain Wang
Heidmar sees big investor interest in older product tankers after values plunge Bulker prices remain relatively high, Greece-headquartered operator says
Daily dose: Baltic Exchange boosts bunker reporting with extra global reach UK exchange says demand is rising for data in newer markets
Ravenous MSC leads raid on secondhand market as German owner exits container business Carrier bags boxships from Contships, Conbulk and Dohle in an unrelenting buying campaign
More carrot please: London Greeks pile in to criticism of IMO green plan Taxing ships is not enough to create a carbon-free world, argues the Greek Shipping Cooperation Committee
AI language technology to unleash next generation of maritime cyber criminals Oslo-based Norma Cyber believes AI reduces costs and barriers for fraudsters
UK shipowner Whitaker claims biofuel blending first on bunker tanker Lloyd's Register certifies first such operation involving FAME B100 fuel on Whitchampion
Carbon capture and storage set to trap around 15% of maritime emissions by 2050 New DNV report sees CCS ballooning 30-fold but says growth will not be enough to hit net-zero target
Trump's trade chief is listening on car carrier fees. Will he ease them further? Fees on Chinese-linked ships are 'baked' as Jamieson Greer's office keeps scope of public comment limited
Heidmar hunts for technical manager takeovers to push fleet past 100 ships Commercial bulker management expansion also on the agenda for newly listed operator
ZeroNorth takes problem-solving beyond the human brain Whether filling in the gaps or handling huge amounts of data, there is a place for AI, says tech chief
Danish dry bulk researchers reveal champs and chumps in new emissions rankings Danish duo Liengaard & Roschmann detail top and bottom fleets on GHG efficiency
Increased Middle East loadings could be a positive sign for VLCCs as Opec opens taps, researcher says Middle East loadings jumped last week, a positive sign Bimco says, even if rates did not respond
Japanese power company JERA triples its US LNG buys as it signs up with three more producers Fresh deals come on top of signing with NextDecade last month
Data wars: Inmarsat's NexusWave bags 200 vessels in first year Bonded multiple channel solution becoming popular as digitalisation needs grow, says company
Stolt-Nielsen teams with Itochu on green methanol bunkering in China Norwegian group's joint venture aiming to support growing demand for low-carbon fuels
Putin spokesperson Dmitry Peskov dismisses EU threat to cut 'illegal' price cap Kremlin spokesman says proposal to reduce permitted price level will not help stabilise global energy markets
New round of Iran-US talks to be held in Oman as war fears spook markets Concerns about potential imminent attack on Islamic republic may fade after meeting set in Muscat on 15 June
Eastern Pacific VLEC heads to India as US tightens export rules to China The STL Qianjiang signals Dahej delivery after two years of shipping gas to China
Dong-A Tanker exits handysize sector as leased bulkers are sold in en-bloc deal Sale of sister ships expected to bring in $27m for shipowning investment fund
Fake seafarer CVs putting lives at risk onboard ships, warns crew agency boss Crewing specialist says more and more officers are exaggerating their experience to secure jobs
Astrup Fearnley logs record profit as shipbroking remains core business Norwegian group notes more confidence in the market after strong 2024
Guinea mining disruptions cost Indian player $22m in demurrage charges Ashapura Group says it remains committed to market despite defaults by local logistics partner
Shipping should draw a line with AI when it comes to autonomous vessels The evolution of digital tools has delivered a golden opportunity
Seatankers director Orjan Svanevik quits board of Sveaas' Sea1 Offshore Svanevik is a board member of Fredriksen's Frontline
Maritime danger warning issued for Strait of Hormuz amid signs of pending attack on Iran UKMTO and Diaplous urge vessels to transit waters off Iran 'with caution'
BC Ferries orders new hybrid ferries at CMI Weihai Shipyard in China Planned five-ship order cut to four by provincial government commission
Singapore shipbroker Vantage prices imminent New York IPO at $13m Company aims to start trading shares on the NYSE American stock exchange on Thursday
House investigator Yi to lead Marad Veteran Congressional investigator Sang H. Yi has been named acting chief of the Maritime Administration.
Canadian government to force union vote on Canada Post contract offer The Canadian government has agreed to Canada Post's request to force a union vote on is latest contract offer to break a negotiating stalemate.
DHL steps up Middle East expansion with $570M in planned investments DHL has been expanding its Middle East presence in conjunction with the region's economic development. The next evolution is a nearly $600M investment in facilities, equipment and technology in Saudi Arabia and the UAE over five years.
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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