Stena Immaculate: All fires out, salvage preparations begin The fire on the U.S.-flagged tanker Stena Immaculate has completely ceased, the vessel is completely stable, and full salvage activities onboard will begin as soon as safety considerations and weather conditions permit.
VIDEO: REGENT begins sea trials of first passenger-carrying Seaglider Rhode Island-based REGENT Craft has passed another milestone in the development of its all-electric seagliders (see our earlier coverage). It has completed a full scale prototype of its 55-foot long, 12-passenger Viceroy
AAL Shipping expands Super B-Class vessel fleet AAL Shipping (AAL) has officially named its fifth Super B-Class vessel, the AAL Dubai, in a ceremony held on 12 March at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China. This milestone celebrates both AAL's 30th anniversary and its continued commitment to innovation in global project shipping. The 32,000 dwt AAL Dubai, a state-of-the-art, methanol-ready multipurpose heavy lift vessel, is d
Port of Antwerp-Bruges strengthens ties with India From 3 to 7 March, the Port of Antwerp-Bruges took part in the Belgian economic mission to India, reinforcing its strategic collaboration with the country. With a rapidly growing economy, robust industrial capacity, and a strong commitment to renewable energy, India is an increasingly vital partner for the port and European industry. Zeebrugge, the world's largest car port, is becoming a key logi
Hapag-Lloyd maintains strategic focus on Europe with growing interest in Eastern Med German container shipping company Hapag-Lloyd has shown a strategic focus on enhancing its terminal operations in Europe. A major step in Hapag-Lloyd's port expansion strategy is its recent acquisition of a terminal in Le Havre, France, aligning with the company's broader goal of growing its terminal and infrastructure business. The development of Hapag-Lloyd's port and terminal portfolio began i
Bulker newbuilding contracting plunges 92% to lowest level in decades "During the first two months of 2025, bulker newbuilding contracting dropped 92% y/y to the lowest level in at least 30 years. While contracting in January was low, no new ships were ordered in February. Weak freight rates, high newbuilding prices, long lead times and uncertainty are likely discouraging contracting," stated Filipe Gouveia, Shipping Analysis Manager at BIMCO. Dry bulk contracting
OOCL posts solid revenue and profit growth Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a total revenue of US$10.7 million. The company achieved an EBIT of US$2.6 million, reflecting solid profitability at the operational level, while EBITDA stood at US$3.5 million, demonstrating strong earnings before accounting for depreciation
China's Plans for Southeast Asia Amid US Tensions: No Concrete Developments Yet Since December 2024, with the realization that US President Donald Trump is likely to pursue an aggressive trade war strategy in his second term, China has been intensifying its economic and strategic activities in Southeast Asia. Trump's trade war rhetoric, including threats of 60% tariffs on Chinese goods, has prompted Beijing to accelerate its "Maritime Silk Road" initiative under the Belt and
Crew absent from Solong's bridge at time of accident There was no crew on the bridge of the container ship Solong when it crashed into the Stena Immaculate on the morning of 10 March, with the boxship colliding twice more with the tanker after the initial impact
Port of Tanjung Pelepas orders 58 new electrified RTG cranes Port of Tanjung Pelepas (PTP), a joint venture between MMC Group and APM Terminals, has signed an agreement with Shanghai Zhenhua Heavy Industry (ZPMC) to acquire 58 eco-efficient electrified rubber-tyred gantry (e-RTG) cranes. PTP CEO Mark Hardiman and ZPMC Vice President Celilia Shen Qiu Yuan signed the agreement on 3 February 2025. PTP Chairman Tan Sri Che Khalib Mohamad Noh emphasized that th
MSC increases rates from Far East to North Europe Swiss/Italian box line MSC announced updated freight rates from Far East ports (including but not limited to ports in Japan, Korea and Southeast Asia) to Northern Europe. Effective from 1 April but not beyond 14 April 2025, MSC will apply the following rates: Port of loading Port of discharge New Base Rates 20 DV 40 DV-HC Far East North Europe Freight All Kinds (FAK) US$2,400 US$4,000 If you like
Baltic Hub receives three additional STS cranes On 12 March, the Baltic Hub deep-sea container terminal in Gdansk, Poland, received the final three of seven state-of-the-art Ship-to-Shore (STS) cranes for its T3 terminal expansion project. Once fully completed in late 2025, T3 will significantly enhance the hub's capacity to accommodate the world's largest container vessels, reinforcing its status as the leading container hub in the Baltic Sea
DP World reports improved financial results for 2024 DP World Limited recorded revenue of US$20 billion in 2024, marking a 10% growth compared with the previous year, while adjusted EBITDA rose by 7% to US$5.5 billion, with an adjusted EBITDA margin of 27.2%. At the same time, the profit of the UAE-based port operator climbed by 2% to US$1.5 billion. "These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end int
Newbuilding boom leads to longer vessel construction waiting times Container ship newbuilding deliveries are seeing their longest lead time since the global financial crisis in 2008/2009, according to Alphaliner
US veto on Russian shadow fleet signals sharper focus on Chinese maritime challenge The United States has declined a Canadian proposal to create a task force aimed at addressing Russia's alleged shadow fleet of oil tankers, as the Trump administration reassesses its stance within various multilateral organizations
Global bunker indices show volatile trend At the end of the 11th week of the year, the global bunker indices of the Marine Bunker Exchange (MABUX) showed no stable trend, fluctuating in different directions. The 380 HSFO index increased by US$6.23 to US$501.76, once again surpassing the US$500 mark. Meanwhile, the VLSFO index continued its downward movement, decreasing by US$1.80, remaining below the US$600 threshold. The MGO index also
Why HighSocial Is the Best Choice for Organic TikTok Growth in 2025 Continuing its meteoric rise in popularity, TikTok is not something content creators and businesses can ignore in regard to its immense marketing potential. As of 2022, the user count stands at over 2 billion monthly active users, and TikTok is currently on track to surpass other legacy platforms such as Facebook as soon as 2025. Though it can be done, organic growth for real users who make authe
Video footage captures moment of impact in North Sea ship collision Video footage captured by Orca AI's lookout unit (SeaPod) mounted on the tanker Ionic Aspis anchored off the port of Grimsby close to the tanker Stena Immaculate at the time of the accident shows the accident in real-time. The footage comprises two videos, one captured by the SeaPod's day cameras showing the dense fog that would likely have prevented the crew of the feeder boxship Solong from see
The role of soundtracks in video games: how does music create an atmosphere? Video games consist of many aspects that combine to create a unique and incredible experience. Soundtracks are one of those parts that create the first impressions of a game. In fact, it is more than just background noise, but a fundamental part of the narrative and a major part of emotional engagement. There are many genres of music, each with its own characteristics and evoking different emotio
Understanding the Legal Definition of 'Murder for Hire' Did you know that the number of murders in the United States is rapidly declining, with a 16% drop in 2024 compared to the previous year? The overall homicide rate decreased by 26.4% in the first quarter of 2024, according to the FBI data. Some murder cases are done by a third party or a hired gunman. Murder-for-hire, also known as contract killing, is a serious and complex crime that involves th
Georgia Ports Authority celebrates 80 years The Georgia Ports Authority (GPA) is celebrating 80 years of driving global trade and economic growth. Since its founding in 1945, GPA has evolved into one of the largest and most efficient port authorities in the United States, playing a vital role in Georgia's economy. "GPA has played a pivotal role in positioning Georgia as a vital hub for international commerce, facilitating billions in trade
ZIM bounces back to profit after 2023 losses Israel-based container carrier ZIM reported total revenues of US$8.43 billion for the full year of 2024, compared to US$5.16 billion for the full year of 2023, driven primarily by an increase in freight rates and box volumes. ZIM carried 3.75 million TEUs in 2024, compared to 3.28 million TEUs in the previous year. At the same time, the average freight rate per TEU was US$1,888, compared to US$1,
AD Ports Group's Maqta Technologies partners with Pakistan Single Window AD Ports Group, one of the major providers of integrated trade, transport, and logistics solutions, has announced a strategic partnership between its digital arm, Maqta Technologies Group, and Pakistan Single Window (PSW), a state-owned entity designated by the Federal Government of Pakistan to operate the Pakistan Single Window System. This digital platform streamlines cross-border trade by enab
Höegh Autoliners snaps up leased car carrier Norwegian car carrier player Höegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option on the 2010-built Höegh Copenhagen, registered under Parcar Shipholding. The deal worth $36.5m will see the 7,850 ceu vessel switch ownership in August, the Andreas Enger-led operator of around 40 car carriers ...
Australia's competition regulator flags concerns over DP World's takeover of Silk Logistics Australian consumer watchdog ACCC (Australian Competition and Consumer Commission) has voiced concerns over DP World's proposed acquisition of port-to-door logistics specialist Silk Logistics. Silk operates 21 logistics hubs and 25 warehousing sites across five Australian states. The company is expected to become part of DP World Australia, which operates four container terminals and three contai
More tankers and dry bulk carriers turn away from the Red Sea While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, for shipping's two largest sectors, the number of ships avoiding the Red Sea has actually increased this year. According to ...
Open letter sent to EU Commissioner as latest disaster at sea put 3,000 animals at risk An open letter signed by several NGOs has been sent to the European Commission and Commissioner for Health and Animal Welfare, Olivér Várhelyi about a "deeply concerning" situation on a livestock carrier. Livestock vessel Express M encountered several issues at sea that led to significant delays in its journey, resulting in "great suffering" to the ...
Video footage of North Sea accident surfaces Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI's lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of Grimsby near the Stena Immaculate at the ...
South Korea turns to landlocked Uzbekistan to fill gaps in shipbuilding workforce Acute labour shortages see South Korea reach further and further afield to fill positions at its booming shipyards. Some 280 workers have been sourced from landlocked Uzbekistan to start work this summer at a number of yards around the industrial city of Ulsan. The workers will be paid South Korea's minimum wage of 10,030 won ...
Shell hires two Perdana Petroleum accommodation barges Malaysian offshore marine support services firm Perdana Petroleum has won a work order from energy supermajor Shell for the charter of two accommodation work barges. Perdana won the work order from Shell's Malaysian subsidiary Sarawak Shell. Under the deal, the barges are chartered by Perdana's wholly-owned unit Perdana Nautika for three years. Financial details were ...
Gulf Marine Services gets extensions for vessel duo London-listed liftboat operator Gulf Marine Services (GMS) has won extensions for two of its vessels. The company said that the extensions were for three years and that the client, although unnamed, was a major national oil company in the Middle East. Financial details were not disclosed. The extensions were secured at enhanced rates and are ...
DNV white paper highlights the rapid development of wind tech in the 2020s A new 49-page white paper from DNV shows the strong take-up of wind assist propulsion systems (WAPS) in the 2020s, and how this fuel-saving tech could develop in the coming years. Wind-assisted propulsion has already delivered annual fuel savings of between 5% and 20% for certain ships, the white paper claimed. There has been a ...
TechnipFMC pens deepwater exploration agreement with Cairn India's largest private oil and gas player Cairn Oil & Gas has entered into a strategic alliance with TechnipFMC to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India. The collaboration will leverage TechnipFMC's integrated engineering, procurement, construction, and installation (iEPCI) model. This alliance will rapidly advance Cairn's deepwater ex
One in five shipping companies faced a cyber attack in the last 12 months , however, ransom costs are plummeting, according to results from a survey contained in a new 57-page cyber security report published by Thetius, CyberOwl and HFW. Key results from the shipowner survey show that 7% of survey participants admitted to paying a ...
BW Offshore sells FPSO to Murphy Oil for $125m Floater specialist BW Offshore has sold the FPSO BW Pioneer to a subsidiary of US oil and gas player Murphy Oil. The FPSO was sold for $125m which includes an initial payment of $100m upon delivery of the FPSO at the end of the current contract period which ends on March 18, 2025. This will ...
ALL-DC-SHIPS project kicks off Twelve partners from eight European countries have come together to drive forward a €10.2m ($11.1m) project that will demonstrate a full DC electrical grid concept on a real vessel. The ALL-DC- SHIPS project will advance the electrification of maritime transport with a fully DC-based architecture, including the secondary network supplying hotel loads. There will be ...
Tons down, miles up Andrew Craig-Bennett provides readers with an overview of what tariffs mean for seaborne trades. A problem with trying to write about the possible effects of tariffs on the merchant shipping business is that the people who want to stick tariffs on stuff keep changing their minds. However, there are some broad statements - not quite ...
VLGC earnings rise double digits Spot earnings for very large gas carriers are up nearly 30% so far this week after enduring their typical seasonal...
Transatlantic rates have been resilient but trade war fallout looms Spot rates in the transatlantic westbound trade have held up better than Asia-US and Asia-Europe rates this year. However, future...
Ofac targets 'shadow fleet' tankers, STS operators, and Iran's oil minister in latest sanctions The US has announced its third round of sanctions against Iran since the Trump administration restored its 'maximum pressure' aimed...
Over half of LPG cargoes claiming Iraqi origin may actually be Iranian LPG carriers' widespread use of manipulated AIS signals to simulate loadings in Iraq means insurers, flags, and other providers and...
D'Amico anticipates 'mitigating factors' for tankers in event of peace US-led trade war may also be 'impactful' on tanker demand, says Milan-listed owner's chief executive
Green hydrogen makers defend net zero hopes Trade group the Green Hydrogen Organisation has set out its case for hope amid the green energy retreat, saying an...
Houthi threat will underpin elevated rates for foreseeable future, ING predicts 'I don't expect any change in the next months, and actually that's good news for shipping, in a way,' Rico...
Höegh Autoliners buys leased vehicle carrier for bargain price Höegh Autoliners chief executive Andreas Enger said purchase will realise value gains from taking direct ownership of previously leased ship
South Korean shipbuilding taps Uzbekistan's labour pool Addressing South Korean shipbuilding's labour shortage has become even more critical, with trade policy creating a potential vast market opportunity
Burning containership Solong towed to a safe location No fire is visible on board Stena Immaculate, but small pockets can still be seen on the deck of the containership...
DP World revenue tops $20bn, but profits down Dubai-based logistics giant said improved ports and terminals performance drove increased revenue in 2025
Secondhand tanker sales plummet on market uncertainties Tanker sale-and-purchase transactions down 35% year on year
The Daily View: Carriers could profit from US port fees ContainersDry BulkPorts and Logistics
Daily Briefing US could face trade 'apocalypse' if Trump port fee plan isn't killed | Spoofing goes haywire as gas tanker visits...
Taiwan's Big Three carriers report robust profit, revenue gains for 2024 But Yang Ming said significant uncertainties continue to affect the global trade outlook, saying "key risk factors" include US tariff developments that could lead to inflationary pressures due to rising operational costs.
Railroads acknowledge little movement on intermodal contract rates Executives from CSX and Norfolk Southern say that while the market is no longer as strongly pro-shipper as it was a year ago, conditions have yet to shift in favor of rail carriers.
Tariff uncertainty casts shadow on US trucking demand, pricing Some analysts see green shoots that could signal higher US freight demand, but those encouraging signs remain fragile in an uncertain economy.
OOCL banks $2.5 billion 2024 net profit on solid demand, high rates The Cosco Shipping subsidiary recorded another highly profitable year but pointed to growing geopolitical uncertainties and industry-specific challenges that will test container shipping in the year ahead.
Expansion into logistics underpins DP World's strong 2024 result The Dubai-based terminal operator's end-to-end supply chain strategy is paying dividends with strategic investment in forwarding services attracting business from high value verticals.
Lack of carrier API progress belies market adaptation to other visibility options Whereas shippers might have expected ocean carriers to make application programming interfaces widely available by 2025, negative incentives have inhibited that progress.
Trump officials aim more sanctions at shadow tankers - and the tugs that serve them Treasury and state departments sanction shipowners, managers and operators in Iran trade
Pangaea Logistics Solutions reports in-line profit but weaker start to 2025 Rhode Island outfit sees final result with smaller fleet ahead of MT Maritime merger
US judge orders legacy Eletson holders to halt foreign court challenges to reorganisation New York bankruptcy jurist levies $5,000 per day fines for contempt of court
Panamax bulker spot rates shoot upward as activity in the Atlantic market revives Period fixtures have also been popping up increasingly as interest grows
Container ship giant OOIL pays out huge dividend after logging $2.57bn profit OOCL's Hong Kong-listed parent reaps reward of freight rates hitting a post-pandemic peak
Trump aims new sanctions at shadow tankers - and the tugs that serve them Treasury and state departments sanction shipowners, managers and operators in Iran trade
'Crucial questions unanswered' in wake of North Sea disaster as tanker fires finally out One seafarer was killed in devastating collision
Trumponomics sends investors scrambling for dividend stocks. Can shipping provide shelter? This week's Streetwise takes a look at the quest for shareholder payouts by shipowners and the broader market
Capesize spot market leaps to near-four month high as brokers toast 'strong upward momentum' Average rates have soared by 300% since mid-February
UK regulator ditches name-and-shame plan for badly behaved workers Move follows fierce opposition from insurance sector over unfair reputational damage
Zim hatches contingency plan ahead of D-day for Donald Trump's proposed port levy Management warn of 'severe consequences', fewer port calls and higher shipping costs
Bulker newbuilding orders fall to lowest level in over 30 years with no new deals in February Meanwhile, scrapping levels have moved higher each month this year so far
P&O Ferries owner DP World sees profit slip amid challenging global landscape Logistics, parks and economic zones segment takes the biggest hit
Freshly listed Heidmar breaks into offshore with $100m-plus PSV deal Greek pool and management group to supply vessel over at least five years
D'Amico International boss doesn't fear potential ending of Russia sanctions Italian owner's CEO says scrapping of shadow fleet ships could increase should a peace deal be agreed in Ukraine
New venture Kratos Gas Transport dives into LNG sector with secondhand buy Dubai-based company sets out with 22-year-old former BW LNG steamship
Buyers circling as Navigator Holdings puts three LPG carriers up for sale Boss Mads Peter Zacho says talks are continuing against a background of robust asset values
C Transport Maritime aims to revive panamax pool amid weak bulker market outlook Pool will be supported by group's own panamaxes and kamsarmaxes
WinGD talks up test data from its new dual-fuel ammonia engine First units to be delivered for Exmar LPG and CMB.Tech newbuildings from mid-year
Russian oil exports hold firm in face of largest ever sanctions measures International Energy Agency says Russian crude prices have been affected by rising transport costs
'It's a downward trajectory from here,' says Fearnley as investors advised to sell Zim Israeli line will face pressure on freight rates this year, analysts believe
Diana Shipping takes lower kamsarmax rate from Cargill after dry-docking Greek owner fixes charter-free Medusa to giant trader
Golden Ocean and CMB.Tech merger 'increasingly likely' terms of $1.4bn loan reveal Financing document provides biggest clue yet of likely tie-up between Saverys shipping companies
'Cancelled' German FSRU to spend remainder of charter in Egypt Egyptian Natural Gas Holding Co hoovers up a second regas unit but is apparently hungry for more
Enesel suezmax ships first Algerian crude cargo to giant Nigerian refinery Tanker heading to West Africa with 1m barrels of oil as Dangote plant diversifies oil sources
BW Offshore banking $125m from sale of veteran FPSO Oslo-listed owner will operate and maintain vessel for buyer Murphy Oil
Insurance industry fears $100m payout from North Sea ship fires and cleanup Russian master is arrested on suspicion of gross negligence manslaughter after feedermax hits anchored tanker
CMT to lift order for newcastlemax bulk carriers to four Latest newbuildings involve options held at CSBC
US VLCC spot market turns 'eerily quiet' as Chinese buyers steer clear of Trump tariff uncertainty Rates for voyages from Gulf Coast to Ningbo plunge to lowest point in nearly two months
US opening investigation into container shipping choke points The Federal Maritime Commission wants to know whether foreign countries and their shipping companies are causing supply chain constraints around the world.
Container imports headed for summer doldrums, says NRF Tariff fears will continue to drive higher volumes of containerized imports this spring, according to the National Retail Federation's Global Port Tracker.
Drewry suggests new normal for higher global container rates The latest Drewry World Container Index finds ocean container rates down from pandemic highs but still above pre-pandemic levels.
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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