Maersk Offshore cancels WTIV contract with Seatrium Seatrium reported today that Maersk Offshore Wind (the former Maersk Supply) has canceled the contract for a Wind Turbine Installation Vessel (WTIV) ordered March 2022 for deployment at the Empire Wind 1
Bollinger-led team picked to build six Arctic Security Cutters Under a Memorandum of Understanding signed at the White House yesterday by President Trump and Finnish President Alexander Stubb, a team led by Bollinger Shipyards, in partnership with Rauma Marine Constructions, Seaspan
Imabari Shipbuilding delivers 181,000-DWT bulk carrier Imabari Shipbuilding has delivered the NORD TRAMP , a 181,000-deadweight bulk carrier, from its Saijo Shipyard on October 9. The vessel, designed under the Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC&OT), represents the largest ship size permitted to enter Dunkirk Port. Each cargo hold includes topside and hopper tanks, making the ship suitable for carrying dry bulk cargoes
Maersk and CATL forge global strategic partnership A.P. Moller - Maersk and Contemporary Amperex Technology Co., Limited (CATL) have signed a strategic Memorandum of Understanding (MoU) to accelerate decarbonisation across global supply chains and strengthen CATL's international logistics capabilities. The signing ceremony, held on 9 October in Hong Kong, was attended by senior executives from both companies, including Robert Maersk Uggla, Chairm
Smarter berth utilization in port of Rotterdam The Port of Rotterdam Authority has launched a pilot with the KING application as there are 31 buoys and dolphins that are intensively utilized for transhipment, repair, bunkering, and waiting. Shipping agents can book these berths 24/7 via the KING application, but demand currently exceeds supply. There is no space to expand physical infrastructure, so smart solutions are being pursued. This exp
Rhenus expands in Italy with new logistics hub near Rome Rhenus Logistics has expanded its operations near Rome with the opening of Riano 2, a new logistics facility designed to strengthen its presence in Central and Southern Italy. The new site marks a major step in Rhenus' domestic growth strategy, extending the company's network beyond its traditional base in Northern Italy. The facility allows Rhenus to shift from partner-based operations to direct
Corvus Energy raises US$60M to drive maritime decarbonisation Corvus Energy has raised US$60 million in growth capital from a group of international investors led by Morgan Stanley Investment Management, with participation from Just Climate and J. Lauritzen. The Norwegian-Canadian company, a global leader in maritime energy storage systems (ESS), said the funding will accelerate production expansion, product innovation, and deployment of zero-emission solut
OOCL reports 25.9% revenue drop in Q3 2025 Orient Overseas Container Line (OOCL) recorded a 25.9% year-on-year decline in revenue for the third quarter of 2025, generating US$2.26 billion. The carrier's total liftings rose slightly by 0.7%, while loadable capacity increased by 4.2%. However, the overall load factor fell 2.8%, and average revenue per TEU dropped 26.5% compared to the same period last year. For the first nine months of 2025
Shippers gain leverage for 2026 ocean freight contracts Shippers are regaining control in ocean freight negotiations as inflationary pressures on freight rates ease. With Red Sea disruptions, front-loading, and tariff-related costs stabilising, shippers are set to secure lower contract rates and improved terms for 2026. The Drewry East-West Contract Rate Index, which tracks average rates paid by more than 100 multinational shippers across 17 major rou
How K-Line is moving amid trade fragmentation Japanese shipping giant doubles down on alternative routes as US-China tariffs reshape global commerce. As US-China trade tensions simmer toward another boiling point, Japanese shipping giant K-Line is making a calculated wager that could redefine its position in global maritime trade. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first
China to impose extra port fees on U.S. ships According to Reuters, China will begin charging additional port fees on U.S.-owned, U.S.-operated, or U.S.-flagged vessels from October 14, the country's transport ministry announced. The move comes in direct response to upcoming U.S. port fees targeting Chinese ships. The ministry called the U.S. action "discriminatory" and accused Washington of disrupting global trade stability. Under the new C
DP World's new global headquarters rises at expo city DP World has begun the next construction stage on its striking new global headquarters at Expo City Dubai, an eight-storey landmark designed to embody innovation, sustainability, and the future of global trade. Scheduled for completion in 2027, DP World's new headquarters will anchor Expo City as a hub for global connectivity and collaboration, establishing a new regional benchmark for sustainabl
CargoBeamer launches new intermodal route CargoBeamer , a leading provider of rail transport for semi-trailers, has launched a new route connecting Venlo, Netherlands , and Oradea, Romania . The service started at the end of September 2025 and offers six roundtrips per week with a transit time of 60 hours . Trains run Sunday to Friday from Venlo and Friday to Wednesday from Oradea. The service accommodates craneable and non-craneable sem
Auramarine appoints Ted Bergman as Director of Engineering and Projects Auramarine, a global leader in marine fuel systems, has appointed Ted Bergman as its new Director of Engineering and Projects, reinforcing the company's commitment to innovation and technical excellence in marine fuel solutions. In his new role, Bergman will oversee the strategic development of Auramarine's engineering division, focusing on design, consultation, and automation to further enhance
CMA CGM introduces PSS on cargo to Dakar CMA CGM Group has announced the implementation of a Peak Season Surcharge (PSS) on all cargo destined for Dakar, Senegal, as part of its ongoing efforts to maintain reliable and efficient service levels amid strong seasonal demand. Effective October 15, 2025, the surcharge will apply to shipments from North Europe, the Mediterranean, the Middle East, the Red Sea, and the Indian Subcontinent, incl
CNC celebrates inaugural KI8 service call at Jakarta CNC, a regional carrier within the CMA CGM Group, has officially launched its new KI8 service with the inaugural call at Jakarta International Container Terminal (JICT) on October 1, 2025. The event marked a significant milestone for CNC's Indonesia team as the new intra-Asia loop strengthens trade links across key Asian markets. The KI8 service enhances regional connectivity by offering: Direct
BIMCO, WISTA partner to promote sustainable maritime workforce BIMCO and WISTA International (Women's International Shipping & Trading Association) have signed a Memorandum of Understanding (MoU) to strengthen collaboration on workforce sustainability and gender inclusion across the global maritime industry. The agreement was signed during Maritime Cyprus by David Loosley, Secretary General and CEO of BIMCO, and Elpi Petraki, President of WISTA International
MITSUI E&S ships 500th MITSUI-PACECO Portainer® MITSUI E&S Co., Ltd. has reached a major milestone with the shipment of its 500th MITSUI-PACECO Portainer® quay container crane , underscoring more than six decades of innovation in port infrastructure. The commemorative 500th unit will be delivered to Phuoc An Port in Vietnam , expanding MITSUI E&S's global presence across over 200 terminals in 30 countries . MITSUI E&S began container crane dev
CN Magazine - 1 Year Anniversary This October marks the first anniversary of CN Magazine, a year dedicated to delivering trusted news and insights across the global container shipping, port, logistics, and wider maritime community. Over the past year, we've published more than eight hundred premium articles and thirteen editions filled with exclusive analysis, reports, interviews, videos, and stories capturing the pulse of the i
First TCT Turbocharger produced in Japan by Mitsui The first TCT turbocharger built under licence in Japan has rolled off the production line at the MITSUI E&S Co., Ltd. Tamano factory. The TCT40 unit , produced under licence from Everllence , marks a milestone in the companies' four-decade partnership. The ceremony was attended by Ichiro Tanaka , Director of MITSUI E&S, and Dr. Daniel Struckmeier , Managing Director of Everllence Japan Ltd. and
Wärtsilä to expand Delta P Power plant in Palawan Wärtsilä will expand the Delta P, Inc. (DPI) power plant in Puerto Princesa, Palawan. The project will add two Wärtsilä 32 engines, raising the plant's capacity from 30 MW to 44.4 MW. This increase will help DPI meet its power supply agreement with the Palawan Electric Cooperative. The project was booked in Q2 2025 on a partial EPC basis. Wärtsilä will deliver all engine modifications and an upgr
Maersk Ground Freight opens new integrated hub and station in Dallas Maersk Ground Freight has opened a new state-of-the-art integrated facility in Coppell, Texas, just five miles from Dallas-Fort Worth International Airport, marking a major step in strengthening its North American logistics network. Spanning over 100,000 square feet, the combined station and linehaul hub will handle thousands of shipments weekly, serving both the Dallas-Fort Worth metro area and
Trelleborg completes delivery of SafePilot systems for Mexico's nationwide port Trelleborg Marine and Infrastructure has reached the final stage of a landmark navigation modernization project, completing delivery of its SafePilot Portable Pilot Unit (PPU) and navigation software to be deployed across 25 major Mexican ports. Once fully implemented, the initiative will stand as one of the world's largest standardized maritime navigation projects, positioning Mexico at the fore
Deutsche Bank acquires Hamburg Commercial Bank's aviation finance portfolio Deutsche Bank has announced an agreement to acquire Hamburg Commercial Bank AG (HCOB)'s aviation finance portfolio, consisting entirely of performing loans with a total value of approximately USD 450 million. The acquisition reinforces Deutsche Bank's long-standing position in aviation finance, a sector where it has built over 30 years of expertise. "Deutsche Bank has over 30 years' experience in
ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships - one chartered from Avenir LNG and another from Evalend Shipping - to supply LNG and ...
DP World seals 10-year extension with Hapag-Lloyd at Santos Dubai-based ports and logistics player DP World has renewed its partnership with German liner Hapag-Lloyd for another decade, extending the long-running agreement between the two companies at the Port of Santos, Brazil's largest container hub. The new contract secures continued cooperation that began in 2014, ensuring Hapag-Lloyd's vessels will keep calling at DP World's multipurpose terminal ...
ESL Shipping sells handysize bulker to support fleet renewal ESL Shipping, part of Finnish conglomerate Aspo, has sold the 21,353 dwt handysize bulker Kallio to the Qrill Company. The company stated that divesting the 2006-built vessel would help to speed up the green transition of ESL Shipping and strengthen the financing of the new vessels currently under construction. The sales price of the bulker ...
One dead after vessel tips over during maintenance at Turkish yard A Ukrainian worker has died and four others were injured after the St. Kitts and Nevis-flagged roro vessel Elmes capsized during maintenance at the Yildiz Shipyard in Istanbul's Tuzla Shipyards Region. The 101-metre vessel developed a sudden portside list on Thursday at around 14.30 hrs local time while undergoing mechanical repairs. Several workers were thrown ...
New global shipping initiative takes aim at LNG as a fuel Maritime Beyond Methane (MARBEM) - a new global initiative that works with policy experts, financial analysts, economists and research institutions dedicated to aligning global climate ambition with maritime leadership - launched today to accelerate the shipping industry's transition beyond methane-based fuels. Maritime Beyond Methane is an initiative, with partners in 13 countries, focused on th
Splash Wrap: Fees, fuels and fault lines A great deal of this week's reporting by Splash has focused on two massive events set to shape the industry next week - namely, the October 14 launch of hiked US port fees for Chinese-linked tonnage, and the debate surrounding the International Maritime Organization's Net-Zero Framework. With US Customs urging ship operators to make sure ...
Lithuania's offshore wind tender fails due to lack of bidders Lithuanian authorities have stated that the second tender for the development of an offshore wind farm has failed. According to Lithuania's National Energy Regulatory Council, the tender failed due to only one participant registering before the deadline passed. The country's law states that two participants must register for a tender to be considered successful. When ...
Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination between the UK and the ...
Performance Shipping moves into suezmax segment with double purchase Greek tanker owner Performance Shipping has moved to expand and modernise its fleet with the purchase of two 2019-built suezmaxes as it looks to strengthen its position in the midsize crude segment. The Nasdaq-listed company said it has agreed to acquire the 157,286 dwt Eco Bel Air and Eco Beverly Hills, both built at South ...
Ørsted to cut a quarter of its workforce by end of 2027 Danish renewable energy company Ørsted has announced that it would be reducing its workforce by approximately 2,000 people towards the end of 2027. The company explained that this was due to its increased focus on offshore wind and Europe, as well as several offshore wind farms will be finalised in the coming years. Ørsted also ...
Maersk terminates contract for near-complete WTIV with Seatrium Singapore shipyard group Seatrium has received a notice of termination of a contract for the construction of a wind turbine installation vessel for Maersk Offshore Wind, set to be deployed on Equinor's Empire Wind project in the US. The contract has a total value of approximately $475m. As of the date of this announcement, the ...
Ren Yuanlin plugs Yangzijiang fortune into world's biggest battery anode maker Ren Yuanlin, the founder of Yangzijiang Shipbuilding, is taking over the world's biggest supplier of lithium battery anode materials. Battery specialist Shanshan Corp is being acquired by a consortium led by Ren, after a court ordered its debt-laden Shanghai-based parent firm Shanshan Group into asset restructuring. Ren's investment group is paying RMB3.2bn ($450m) to take ...
J. Lauritzen invests in Corvus Energy Danish shipowner major J. Lauritzen is among a consortium investing in marine battery specialist Corvus Energy. Corvus Energy announced yesterday it has secured a $60m growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen. Founded in 2009, Corvus Energy ...
Shipping's net-zero play: bet on wind The IMO's Net-Zero Framework is upcoming. Wind-assisted propulsion cuts costs, creates jobs, and earns compliance bonuses-delivering climate action, affordable trade, and a just transition, argues Anaïs Rios, senior shipping policy officer at Seas At Risk. As the United Nations' International Maritime Organization (IMO) prepares to meet in London to discuss the finer details of how ...
South African court hands Durban terminal to ICTSI APM Terminals claimed ICTSI failed to comply with the solvency ratio in the tender process, which demonstrates that the successful...
US-China tensions reignite as post-peak box trade grinds lower The outlook for container shipping remains weak and there is another major risk ahead: The trade-war ceasefire between the US...
Flag hopping accelerates as shadow fleet matures under sanctions pressure Sanctioned ships are moving between ship registers faster and more frequently with some extreme cases rotating through six flag changes...
Subsea infrastructure needs Unclos protection from attack by ships Cable links should not be weak links
Report urges ports to prioritise climate impact Climate change is going to affect ports in the near future, but as well as futureproofing themselves, ports can aid...
Carriers will need to be 'utterly convinced' before Red Sea return Shipping has had plenty of false dawns before, with transits barely changing during previous ceasefires. Any return will likely be...
Adopt net zero but adapt it to reality, urges UGS's Melina Travlos With the momentous vote on the IMO's Net-Zero Framework just around the corner, Greek shipowners' leader Melina Travlos said the...
US sanctions on major Chinese terminal threatens to disrupt tanker markets US sanctions on a key Chinese oil terminal risk disrupting crude flows and add tension ahead of the Trump-Xi meeting
Hengli adds six more VLCCs from European owners Since September, Hengli has added 12 VLCCs, six kamsarmax bulkers and up to eight containerships
China levies port fees aimed at the US Charges will start at $56 per tonne on October 14 and gradually rise to $157 per tonne on April 17...
China returns fire with retaliatory port fees targeting US-affiliated ships At first blush, the fees targeting US entities would affect Matson, Maersk Line and APL, part of the CMA CGM group.
Lower US imports tightening truck capacity at key inland hubs Fewer trucks arriving with imports in Las Vegas, Chicago and other inland hubs means tighter capacity and higher transactional costs for outbound shipments.
Roadrunner targets 'ride share-like' shipper experience with new pickup platform The LTL carrier has used technology to drive its financial turnaround, with the latest example being a system that has slashed the number of missed pickups for shippers.
Deep divisions linger as IMO gathers for pivotal decarbonization talks It has taken several years for the IMO to get to this point, but the heavily compromised net-zero framework agreement has polarized the shipping industry.
Seatrium mulls legal action for 'wrongful termination' after AP Moller cancels $475m order Maersk Offshore Wind subsidiary cancels deal with project 98.9% done
Trump-Xi meeting could defuse the port fee war. Now the US president wants to cancel it Trump threatens to reignite trade war with 'massive increase of tariffs'
Ceasefire between Israel and Hamas has container sector and investors on alert for rapid deterioration Potential return of vessels through Suez is just one factor that will see rates slump
US lawmakers seek to cancel emergency that Trump used to underpin global tariffs Coalition led by Rand Paul and Ron Wyden makes second attempt to overturn tariffs
Maersk trials ethanol as blend on board its first methanol dual-fuel container ship Trial will help determine if ethanol can become part of the future fuel mix
China hits public shipowners as port fee blow extends well beyond Wall Street Vast number of public companies look set to be caught up in the new retaliatory rules, following the US crackdown on China's maritime dominance
KC Maritime building dry powder with first bulker sale in three years Hong Kong-based shipowner uses the strengthening environment to sell an asset
Lomar's container ship exit widens loss at London management arm Lomar Shipping Ltd reaps lower fees due to smaller fleet operated by its parent
Ceasefire between Israel and Hamas has container ship owners and investors on alert for rapid deterioration Potential return of vessels through Suez is just one factor that will see rates slump
War risk rates fail to shift as Houthis tight-lipped on Gaza ceasefire deal New insurers preparing to enter the market after rebels claim '100% success' in assault on shipping
German owners hit the bullseye for charity at first maritime darts tournament Hamburg maritime cluster comes together to raise money for Seamen's Mission
India grabbing more Russian barrels as global oil production rises Country had whittled down Russian buying and picked up US imports after tariff pressure
New initiative Maritime Beyond Methane launched aimed at weaning shipping off LNG fuelling Group plans to engage with IMO and EU regulators in coming months
China adds bite to tit-for-tat port fees with US shareholdings in its sights Starting next Tuesday, $56.2 per net tonne will be charged on US vessels
Petredec culls older VLGC in sale to South Korean interests Major owner tied to $80m transaction for nine-year-old unit
BP wins $1bn LNG cargoes arbitration battle with Venture Global US producer disappointed with 'partial final award' over failure to deliver gas
Shipping billionaire John Fredriksen is accelerating his long-planned succession strategy With a $1bn-plus divestment in the works at Frontline, one of the largest shipping empires is shaping up for the future
Danaos Corp prices $500m bond at 'attractive cost' Container ship power will pay 6.875% interest on seven-year series
Sweden's merchant shipping drive hitting a roadblock: Seafarers Ambitions to double Swedish-flagged fleet will also need Swedish seafarer pool to double - at least
Shell poised to restart gas exports from Venezuela as new US licence expected Gas will feed Trinidad and Tobago, in turn boosting its exports
Danaos Corp prices $500m bond at 'attractive cost' US-listed container ship power will pay 6.875% interest on seven-year series
Fredriksen stocking up private VLCC fleet as Frontline linked to $1bn-plus product tanker sale Seatankers behind six of 12 VLCCs ordered at Chinese shipyard
ESL Shipping sells bulker to Norwegian firm to finance fleet renewal Vessel has been delivered to The Qrill Company
Rumoured Frontline fleet sale 'provides comfort' for product tanker asset values, Fearnley Securities says Analysts say any deal at around $1bn could hit share price
Hannisdahl's hedge fund goes long on tankers ahead of an expected upturn in the very near-term Norwegian investor says listed companies' share prices have dropped significantly
DNB sees headwinds for LPG stocks as it cuts target prices for BW and Dorian Analyst expects higher orderbook delivery pace from 2026 to weigh on VLGC rates
Purus joins growing LNG bunker vessel throng after snaring Shell time charters Energy major snaps up another pair of LNGBVs to cement its lead position in sector
Rates drive strong third quarter for Klaveness Combination Carriers Third quarter earnings are at the upper end of guidance
J Lauritzen joins Morgan Stanley-led investor group backing maritime energy firm Corvus Funding round is expected to close in the coming weeks
'Disappointing': Solstad Maritime issues profit warning amid weaker-than-expected offshore markets Owner sees lower fleet utilisation and reduced margins
Trump authorised building of up to 11 ice breakers for security in the Arctic region US shipyards will be constructing up to seven arctic security cutters while Finland will be building four vessels
Hong Kong shipowner's VLCC sale drive nears finish line with two more deals cooking Low-profile Huwell Group piling up disposals in quick succession
Hike brings U.S. tariffs on China container cranes to as much as 270% The United States Trade Representative has added new tariffs of 100% on Chinese-made ship-to-shore container cranes and 150% on cranes used to move containers around terminals.
Canada Post workers to resume mail delivery, switch to rotating strikes Canada Post says it will restart operations sometime next week after unionized mail carriers shifted from a national to rotating strikes, but warned of ongoing service disruptions.
China retaliates with new fees on U.S. shipping China will levy port fees on U.S.-flagged and -owned ships, the latest escalation in the trade war with the United States.
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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