Everllence unveils its ME-LGIA two-stroke ammonia engine at Copengahen event Everllence officially unveiled its new, dual-fuel ME-LGIA (-Liquid Gas Injection Ammonia) engine at a two-day event at its Research Center Copenhagen that attracted over 300 attendees representing all sectors of the maritime
Eastern Shipbuilding launches new Fisher Island ferry Falcon With an ahead-of-schedule launch, Eastern Shipbuilding Group Inc. has marked another milestone in the construction of the vehicle-passenger ferry Falcon that it is building for the Fisher Island Community Association (FICA) in
Maersk opens new ground freight and linehaul hub in Lake City Maersk has opened a new ground freight station and integrated linehaul hub in Lake City, expanding its logistics footprint across the Southeastern United States and strengthening its nationwide supply chain network. Located just south of Atlanta, the facility sits near Hartsfield-Jackson Atlanta International Airport and has direct access to Interstate 75, placing it within one of the region's bu
MSC adds direct Cape Town call to strengthen Iroko service MSC has announced an upgrade to its Iroko service with the introduction of a new direct call at Cape Town, creating a faster, more efficient link between South Africa and major Asian markets. The enhancement provides a direct connection from Cape Town to Asia, reducing transit times for both dry and reefer cargo. The first vessel on the updated rotation will be MSC Anchorage, scheduled to call at
Maersk announces winter schedule adjustments for Canada Express service To manage the impact of harsh North Atlantic winter weather, Maersk has announced a planned winter blanking programme for its Canada Express service. The programme is designed to maintain schedule reliability during a period that traditionally brings severe storms and delays across the route. Under the plan, the service will slide every fifth week between Christmas and the end of March, beginning
Damen acquires UK-based I.M.E Group Damen has acquired Southampton-based I.M.E Group Ltd, strengthening its UK services network. The two companies have collaborated closely since Damen Services opened its UK Service Hub in 2021. The acquisition expands Damen's ability to provide full lifecycle support to UK clients. Customers will now have access to on-site support, mechanical and electrical engineering, docking services, parts sup
EUROGATE and CMA Terminals agree on strategic partnership EUROGATE and CMA Terminals have signed a term sheet agreeing on key points of a strategic partnership that includes, inter alia, a 20% share for CMAT in EUROGATE Container Terminal Hamburg. EUROGATE associates this partnership establishment with a closer customer relationship with CMA CGM, a strong partner with high container handling volume. Both parties are discussing joint investments signific
Waberer's posts strong Q3 results Waberer's Group reported revenue of €205.4 million in the third quarter, up 8% year-on-year. EBIT rose 23% in the quarter and more than 41% over the first nine months. Consolidated net income for Q3 reached €11.2 million. The Group expects full-year 2025 EBIT to exceed €50 million. The company continues to advance its strategic goals. Revenue for the first nine months totaled nearly €603 million,
AD Ports Group appoints Jochen Thewes as CEO of Logistics Cluster AD Ports Group has appointed Jochen Thewes as CEO of its Logistics Cluster, effective 1 December 2025, as the Group moves to strengthen its position as a leading global logistics provider. Thewes, a veteran of the international logistics industry, previously served as CEO and Management Board Chairman of DB Schenker, where he led the company through significant growth and oversaw its sale to DSV
Deciphering MSC's 2025 strategy amid geopolitical shifts The world's largest container carrier is betting billions that maritime trade now follows political logic, not economic optimization
DP World commences operations at Tartus Port DP World has commenced operations at Tartus Port following formal handover from the Syrian General Authority for Land and Sea Ports and welcomed the new harbor tug Al Fath into service. This marks a major milestone under DP World's 30-year concession agreement for Tartus Port, which includes a planned $800 million investment representing one of the largest international investments in Syria's log
HMM maintains profitability amid market downturn HMM reported a net profit of KRW 304 billion for the third quarter of 2025, navigating a challenging freight market marked by lower rates and subdued demand. The South Korean shipping company posted revenue of KRW 2,706 billion and an operating profit of KRW 297 billion for the quarter, maintaining an operating margin of 11% despite continued market headwinds. While year-on-year figures reflected
Global bunker market ends week 46 with mixed trends At the close of Week 46, the global bunker market continued to display mixed dynamics across major fuel grades, according to MABUX. The 380 HSFO index declined by US$2.97, dropping to US$435.64/MT. In contrast, the VLSFO index rose by US$2.89, reaching US$512.31/MT. The MGO index also recorded a notable gain of US$20.80, climbing to US$815.48/MT, surpassing the US$800/MT threshold. "As of the tim
Contships announces Q3 and nine-month results Contships Logistics Corp., the world's largest independent owner of container feeder vessels between 900 TEU and 2,000 TEU, has announced its unaudited financial and operating results for the third quarter and nine months ended 30 September 2025. The Company currently operates 34 feeder vessels. Fleet Developments During the first nine months of 2025, Contships sold 11 feeder vessels, generating
CMA CGM and Edison complete Italy's first LNG ship-to-ship bunkering CMA CGM and Edison carried out Italy's first ship-to-ship LNG bunkering for a container vessel at the Port of Trieste. The CMA CGM SALAMANQUE was refueled by the LNG carrier Ravenna Knutsen. The operation is a key step in reducing sulfur and nitrogen oxide emissions in shipping. It also highlights CMA CGM's confidence in Italy's ports and maritime infrastructure to support LNG bunkering. The proj
Hapag-Lloyd posts solid nine-month results Hapag-Lloyd achieved a Group EBITDA of USD 2.8 billion (EUR 2.5 billion) and a Group profit of USD 0.9 billion (EUR 0.8 billion) in the first nine months of 2025, driven by higher transport volumes despite ongoing volatility in global trade and freight rates. Global trade expanded amid multiple trade conflicts, creating fluctuating demand and pricing. Earnings improved in the third quarter compar
Syria's ports stage comeback as Western investment replaces Russian grip Syrian ports are experiencing an unexpected renaissance, with vessel traffic surging 338% since sanctions lifted and Western companies rushing to claim stakes in a maritime sector long dominated by Russian interests
Transworld Shipping Lines announces results Transworld Shipping Lines Limited (formerly known as Shreyas Shipping and Logistics Limited) announced its financial results for the quarter and half year ended 30 September 2025, posting a decline in revenue and profitability as weaker freight rates and higher costs weighed on performance. The company reported consolidated revenue of Rs. 98 crore, compared with Rs. 125 crore in the same period l
Port of Rotterdam accelerates hydrogen and hydrogen carrier import The Port of Rotterdam aims to accelerate imports of hydrogen and hydrogen carriers including ammonia, methanol, and Liquid Organic Hydrogen Carriers, and is launching a market consultation to advance these objectives. Although various companies are developing plans, investment decisions largely remain pending, decelerating the energy transition. Hydrogen and hydrogen carriers represent alternativ
Anemoi installs Rotor Sails on NSU bulk carrier Anemoi Marine Technologies has completed the installation of five 35-meter Rotor Sails on the 400,000 DWT ore carrier NSU Tubarão, marking the fourth very large ore carrier (VLOC) equipped with Anemoi's wind-assisted propulsion system for Vale-chartered vessels. The retrofit was carried out during scheduled drydocking in October at Zhoushan Xinya Shipyard in China. The five-year-old vessel, owned
How maritime crime became a geopolitical weapon The resurgence of Somali piracy isn't coincidental it's strategic as Since November 2023, dhow hijackings have surged alongside Houthi attacks in the Red Sea, revealing a new hybrid threat model that weaponizes maritime trade routes as geopolitical battlegrounds
Inchcape Shipping Services opens new office in Manzanillo Inchcape Shipping Services (ISS) has opened a new office in Manzanillo, Colima, Mexico's busiest container port and a key gateway for Pacific trade. The expansion strengthens Inchcape's operational footprint along the Pacific coast, improving service coverage for tanker, dry bulk, liner, cruise, government, and ship management clients. "Manzanillo is one of the most dynamic and strategic ports in
Hapag-Lloyd targets 22 new ships in fleet renewal drive Hapag-Lloyd is moving ahead with a major fleet renewal programme that will see the German liner giant invest in up to 22 new containerships in the sub-5,000 teu range. The Hamburg-based carrier said the move forms part of its long-term strategy to modernise and decarbonise its fleet, with the new units expected to be a ...
DeepOcean secures Equinor subsea deal Norwegian ocean services player DeepOcean has secured a contract from Equinor for subsea construction and installation work on the Snorre export and import gas (SNEIG) project, with offshore execution set for 2026. The SNEIG development forms part of Equinor's wider Snorre expansion project, designed to extend the production life of the Snorre oil and gas ...
Ashdod port invests in AI-driven vessel-tracking tech Israel's Ashdod port has taken a $650,000 stake in local maritime tech startup Azimut.ai following a successful pilot of the company's AI-powered maritime awareness system, Albatross. The investment, made through the port's Maritime Technology Hub (Blue Ocean CVC), follows a proof-of-concept that demonstrated the system's ability to detect, classify, and track vessels in real time ...
Vietnam's Hai An steps up fleet growth with DSIC newbuild deal Vietnam's Hai An Transport and Stevedoring has stepped up its fleet expansion drive with an order for its largest containerships to date. The Hanoi-based shipowner has contracted Dalian Shipbuilding Industry Co (DSIC), part of China State Shipbuilding Corp, for up to four 7,100 teu vessels. The deal was placed through Hai An Green Shipping Lines, ...
Conbulk breaks into boxship newbuild market Greek owner Conbulk is moving into the newbuilding arena, with a pair of 5,000 teu containerships at China's revived Yangzhou Guoyu Shipbuilding, according to shipbroking and market sources. The ships are expected to deliver from the end of 2027. Prices have not been disclosed, though brokers place similar mid-size boxships in China at around $60m ...
Marielena Procopiou tanker venture makes first newbuild move Akrotiri Tankers, the newly formed Greek shipowner led by Marielena Procopiou and her husband Konstantinos Lampsias, has placed its first newbuilding order, marking a milestone in the company's expansion. According to market sources, the Athens-based company has signed a contract for two LR1 product tankers at New Century Shipbuilding in China. While pricing has not ...
Eneco picks maintenance partner for 120MW offshore wind farm Dutch utility Eneco has chosen Bremen-based Deutsche Windtechnik as its new maintenance partner for the Prinses Amalia offshore wind farm. The German firm will maintain the wind farm, located some 25 km off IJmuiden in the Dutch North Sea, from January 2026 until the wind farm's end of life. The Prinses Amalia wind farm, operational ...
Trump administration policies cut US offshore wind pipeline in half The United States offshore wind landscape has shifted significantly throughout 2025, with a recent report claiming that the project pipeline has almost halved. The latest report from the Energy Industries Council (EIC) has pointed to ambitious targets and strong policy commitments of the Biden administration. However, even under Biden, the industry was grappling with challenges ...
Solstad lands new CSV contract Norwegian offshore vessel owner Solstad Maritime has won a contract for one of its construction support vessels (CSV). The deal was awarded to the 2015-built CSV Normand Sentinel. The firm contract will commence in early 2026 and will keep the vessel fully committed until the end of 2027. The agreement also includes a one-year option. ...
Los Angeles councilmembers unite to defend decades-old offshore drilling ban Three Los Angeles councilmembers have introduced a resolution opposing the Trump administration's push to revive offshore oil and gas drilling along California's coast Councilmembers Traci Park, Tim McOsker, and Adrin Nazarian, supported by environmentalists, business leaders, and regional officials, expressed support for continuing the moratorium on offshore leasing in California, which has been
CMA CGM takes stake in Eurogate Hamburg terminal France's CMA CGM Group is expanding its European terminal footprint with plans to acquire a 20% share in Eurogate Container Terminal Hamburg (CTH), one of Northern Europe's key maritime gateways. The Marseille-based shipping and logistics group has signed a term sheet with Eurogate, with completion targeted for the first half of 2026, subject to regulatory ...
Simandou opens, reshaping the capesize trades The long-awaited Simandou iron ore project has finally roared to life - a $20bn gamechanger set to shake up global dry bulk flows, stretch tonne-miles, and tilt the balance of the iron ore market away from Australia and Brazil. On Tuesday, Guinea officially launched the vast Simandou project - Africa's largest greenfield mine and infrastructure ...
Marlink: The bandwidth revolution sweeping shipping The maritime industry is on the brink of a technological step change, driven by low Earth orbit (LEO) satellite connectivity, cloud-based platforms, and artificial intelligence, according to Tore Morten Olsen, president of maritime at Marlink. "The pace of change is relentless, and it won't slow down over the next 12 months," Olsen tells Maritime CEO. ...
UK bans maritime services for Russian LNG The UK government has announced sweeping maritime sanctions targeting Russia's liquefied natural gas (LNG) exports, delivering a fresh blow to Moscow's energy exports and sending ripples through the global shipping sector. Under the new measures, British-linked firms will be barred-from 2026 onwards-from providing shipping, insurance, and other maritime services for Russian LNG movements to third
Ellerman City Liners acquires Viasea Shipping Ellerman City Liners, part of GB Global, has acquired Norwegian shortsea operator Viasea Shipping from ColliCare Holding for an undisclosed sum. Founded in 2016, Viasea operates regular schedules between the UK, Norway, the Netherlands, Poland, and Lithuania. Iain Liddell, founder of GB Global, commented: "This acquisition isn't just about growth, it's about redefining shortsea shipping ...
Panama Canal posts revised FY25 cargo numbers after fixing data error Fiscal-year cargo numbers that the Panama Canal Authority posted last month looked suspiciously weak. Neopanamax containership transits were at record highs...
EuroDry narrows loss as better days beckon Greek bulker owner expects improvement in market to filter through to results in the fourth quarter
Seanergy sees robust capesize market as first newbuild confirmed Greek owner has ordered single cape, reportedly at Hengli, for 2027
Greeks' London 'listening post' celebrates 90 years Greek Shipping Co-operation Committee chairman Haralambos Fafalios says the body has been an important counterpart to the Union of Greek...
UK Club general average claim valid despite two-year delay, Commercial Court rules Brazilian fertiliser outfit's set-aside bid dismissed by judge
Hapag-Lloyd plots wave of newbuilds while freight rates take a downturn Hapag-Lloyd expected to announce firm plans next month for newbuilding orders in the 1,800 teu, 3,000 teu and 4,500 teu...
DP World begins Tartus port operations Port operator will be tasked with preparing the port for Syria's increasing role in global trade
MSC Cruises confirms $4.1bn newbuilding contract at Chantiers de l'Atlantique New order underscores the continuing resurgence of the cruise industry, which has seen a wave of newbuilding investments since 2023
CMA CGM joins growing liner presence in Hamburg via Eurogate terminal stake Following MSC and Cosco's recent stakes in Hamburg's container terminals, CMA CGM has signed a term sheet to acquire 20%...
HMM's third-quarter earnings dragged down by US tariffs Quarterly operating profit was down 80% year on year, due to a sharp decline in cargo volumes following the full...
The Daily View: Time to throw a bone
Daily Briefing Hydrogen industry faces long, dark night of the soul | Mass AIS disruption in Baltic linked to amateur Finnish station...
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Battle over non-domiciled CDLs deepens in California California is revoking 17,000 non-domiciled commercial driver's licenses, while a US court has ordered a temporary stay on the US Department of Transportation's new non-domiciled CDL rule.
UP says cargo owners in Midwest would benefit from NS merger Whether for or against the UP-NS deal, a merged railroad would reshape the Chicago drayage market.
Hapag-Lloyd refining Gemini network to improve efficiencies: Habben Jansen The carrier's CEO also confirmed Gemini is mulling a price premium, which he forecast would be a "small three-digit number per TEU" to reflect the inventory cost savings customers achieve through the alliance's consistent on-time delivery.
Uber Freight pushes deeper into last-mile freight market Partnering with Better Trucks, Uber is building a "middle-mile" network for last-mile deliveries as shippers seek lower-cost transportation solutions.
HMM to chase high-yield freight, new shipping routes after slump in Q3 profits Responding to market weakness that resulted in an 83% year-on-year decline in third-quarter profits, the carrier said it is "optimizing operations by adjusting port calls and vessel deployment across trade lanes."
Okeanis shares surge 11% in New York amid bullish VLCC sentiment Greek shipowner draws upgrade as analyst cites pattern of 'higher highs and higher lows' in VLCC spot rates
SSY broker wins tribunal fight for unfair dismissal after 'unsavoury' image probe Norwegian court rules Goran Rostad's actions did not cause reputational damage to the company
Predicting capesize bonanza, Seanergy ups dividend and confirms debut newbuilding Public bulker company expects 'sustained period of strong rates' for its business
Fleet upgrade will help Hapag-Lloyd sidestep soaring charter costs, says Rolf Habben Jansen Ships of 1,800 teu included in feeder newbuild project
Oldendorff-backed lender builds shipping book amid 'massive' credit supply Maritime & Merchant Bank says pressure is being exerted on lending margins
Trafigura connects 'dead cow' pipeline to boost Argentina crude tanker exports Trader teams with oil company Oldelval on Bahia Blanca refinery project
Oil Brokerage hit with biggest fine yet after unregistered brokers handled US trades Other freight futures brokers have received penalties in previous years, but this is the biggest so far
Turkish owner Arkas Holding boosts liquidity with World Bank loan Logistics group uses Chinese finance to build ships and state-backed lenders to expand onshore infrastructure
LNG market players 'caught off guard' as rates surge towards $100,000 per day mark Six-figure winter charter rates 'no longer a wild fantasy', Fearnleys says
Lomar sponsors two shipping students in memory of former boss Achim Boehme 'Exceptional' duo are taking international shipping & chartering degree
Charterers win interim court battle over ban on seafarers competing with dock workers Shortsea and feeder interests had opposed the ITF deal to keep lashing work for stevedores
New companies emerge to export Russian oil after Rosneft and Lukoil sanctions Instant adjustment to cope with US restrictions, report shows
UK Supreme Court makes rare ruling against Ridgebury Tankers in sale that turned sour Highest court finds there is no principle in English law saying prospective buyers of US shipowner's vessels cannot 'take advantage of their own wrong'
Wallenius Sol seals long-term deal with Swedish charterer Holmen Swedish owner to ship paperboard to Germany from the producer's mills
Stena tied to firm price for tanker once seized by Iran as S&P interest intensifies Brokers report famous vessel and sister ship marketed for sale, with offers coming in over $70m combined
Top Ships spin-off banks more than its market cap from tanker leaseback deal Nasdaq-listed Rubico reveals $10.4m boost to liquidity in deal with Chinese financier
Hapag-Lloyd confirms plan to invest in 22 smaller vessels as profit slumps Earnings hit hard by lower freight rates and higher costs
Aponte's MSC splashes $4bn on two new cruise ships in France Giant Swiss group says latest deal is for the seventh and eighth vessels in its World Class series
Fresh piracy fears threatens to torpedo shipping's Red Sea relief Piracy resurgence off Somalia and falling threat in Red Sea pose new challenges for shipowners and charterers
How Angad Banga is driving the creation of a 'multi-generational business' Angad Banga opens up on the shift from founder-built Hong Kong company to multi-generational business
Okeanis Eco Tankers sees 'blowout quarter' as expectations crushed ABG Sundal Collier sees read-across to Frontline
Dividend promise following Scorpio deal drives Torm upgrade Share target price lifted by 18% to $26.70
Ellerman expands shortsea operations in deal to buy Norway's Viasea UK operation says acquisition is renowned for reliable services in northern Europe
Okeanis Eco Tankers buys back last two VLCCs as profit crushes expectations Alafouzos family-controlled owner now has full control over its entire fleet of modern, big tankers
HMM profit hammered as container ship rates plunge South Korean owner says operating margin was stable
Swedish battery maker Echandia wins big order to power Canadian ice breaker Ice breaker to have 3.7 MWh battery capacity installed
Aponte's MSC splashes $4bn on two new cruise ships in France Giant Swiss group says latest deal is for the seventh and eighth vessels in its World Class series
Vietnamese shipowner orders up to four container ship newbuildings in China Dalian Shipbuilding has been contracted to build the 7,100-teu vessels
Shipping grapples with armed threats as a fresh front opens Piracy resurgence off Somalia and falling threat in Red Sea pose new challenges for shipowners and charterers
UK Supreme Court makes rare ruling against Ridgebury Tankers in sale deal that turned sour Highest court finds there is no principle in English law saying prospective buyers of US shipowner's vessels cannot 'take advantage of their own wrong'
Swedish battery maker Echandia wins big order to power Canadian icebreaker Icebreaker to have 3.7MWh battery capacity installed
Chinese bulker sellers offer up an auction buffet of available tonnage But tonnage-hungry domestic shipowners may give foreign buyers a run for their money in eight online bulker auctions
2020 Bulkers cut to hold as analysts wait for next move with remaining vessels Analyst expects owner to pay out cash from sale of vessels
Caravel boss opens up on navigating succession and legacy Angad Banga opens up on the shift from founder-built Hong Kong company to multi-generational business
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