Noem cancels contracts with ESG for two Offshore Patrol Cutters Department of Homeland Security Secretary Kristi Noem announced Friday that she was canceling the contracts for two of the four U.S. Coast Guard Offshore Patrol Cutters (OPCs) on order at Eastern Shipbuilding
How West African Nations are applying a maritime sovereignty trend In a bold shift that signals a new phase of assertiveness in West Africa's maritime domain, regional governments are moving to reclaim control of their sea trade through the revival or creation of state-backed shipping companies. In a policy announcement, Guinea's Minister of Mines and Geology, Bouna Sylla, declared that 50% of all bauxite exports must be transported on ships flying the Guinean f
Kongsberg to launch autonomous underwater vehicles Kongsberg Discovery has announced it will begin production of its flagship autonomous underwater vehicle, HUGIN, on U.S. soil. This move underscores the company's growing commitment to the American subsea and defense markets. "This strategic decision reflects our commitment to support the growing demand for advanced subsea technology in the U.S. market. By establishing domestic production capabi
CLdN plans expansion at Teesport CLdN has reaffirmed its long-term commitment to Teesport, announcing plans to strengthen its freight service between Zeebrugge and the northeast UK port following P&O Ferries' recent decision to discontinue its own Zeebrugge-Teesport route. The Luxembourg-based RoRo operator is actively exploring an expansion of its existing Zeebrugge-Teesport service, which it launched in 2023 and has already bo
NEMO expands global influence The Nuclear Energy Maritime Organization (NEMO) has officially been granted NGO Consultative Status with the International Maritime Organization (IMO) and has received an invitation to participate regularly in the General Conference sessions of the International Atomic Energy Agency (IAEA). The move marks a significant step in NEMO's efforts to promote safe and sustainable nuclear energy use in m
Sinolines and China Merchants affiliates intensify control over Antong Antong Holdings, the holding company of domestic shipping line Quanzhou Ansheng Shipping, could be the target of a hostile takeover by Sinotrans Container Lines (Sinolines) after its attempt to acquire the latter failed in May. Antong, which also owns forwarder Quanzhou Antong Logistics, informed the Shanghai Stock Exchange on 11 July that Sinolines, a subsidiary of the state-controlled China Mer
MPA partners with InstaSG to celebrate Singapore's maritime heritage As part of Singapore's 60th year of independence celebrations, the Maritime and Port Authority of Singapore has partnered with InstaSG for the 2025 edition of the Mad About Singapore initiative. This special collaboration was officially launched at the Singapore Maritime Gallery by Mr. David Foo, Deputy Chief Executive of MPA, and shines a spotlight on Singapore's rich maritime legacy through the
Eimskip sells vessel Lagarfoss Eimskip has announced the sale of its container vessel Lagarfoss , a ship that's been a core part of the company's fleet for over a decade. Built in 2014 in China and custom-designed for Eimskip's North Atlantic routes, Lagarfoss is being sold to Grupo Sousa, the Portuguese parent company of GS Lines. The vessel is expected to be delivered to a new owner in Reykjavík, during the period of August
Chinese ports hold steady in June According to Japan International Freight Forwarders Association (JIFFA), port operations at China's major gateways remained steady through June, even as global counterparts, particularly in Europe and the U.S., saw efficiency slip, based on new figures from the Shanghai Shipping Exchange (SSE). SSE's latest operational snapshot of the world's top 20 container ports, ranked by 2022 throughput, rev
DP World's Tartus takeover redraws Eastern Mediterranean shipping map In a bold move signaling a new era for East Mediterranean maritime logistics, UAE-based DP World has assumed control of Syria's Port of Tartus, marking a watershed moment in regional shipping dynamics and geopolitical alignment. Once a strategic naval outpost for Russia, Tartus is now at the heart of Syria's post-conflict economic reawakening. With customs fees slashed by 60% and the recent lifti
Port of Long Beach breaks ground on major terminal upgrade A major terminal expansion project is now underway at the Port of Long Beach, as International Transportation Service (ITS) officially broke ground Friday on a US$365 million development aimed at boosting cargo capacity and improving operational efficiency. The project will add 19 acres of new land by filling in an unused slip located in the center of ITS's Pier G terminal. A key feature of the e
Oakland Board of Port Commissioners appoints new president The Oakland Board of Port Commissioners has unanimously elected Andreas Cluver as its new President. Joining him in the leadership team are Commissioner Jahmese Myres as First Vice President and Commissioner Barbara Leslie as Second Vice President. President Cluver brings extensive experience and institutional knowledge to the role. He previously served as President of the Board from 2020 to 2022
How Container Shipping is Speeding Up Delivery of Homebuilding Materials Construction is one of the primal forces that drives the world's economy. And, as you can imagine, in construction times are almost as valuable as materials and the labor being used. Both builders and contractors are constantly bound by deadlines, and their jobs greatly revolve around delivering projects on schedule. Otherwise, hefty penalties are imminent. In order to meet all these tight deadli
ABP hosts local leaders at Millbay docks Associated British Ports welcomed Luke Pollard, MP for Plymouth Sutton and Devonport, and Councillor Tudor Evans OBE, Leader of Plymouth City Council, to Millbay Docks in Plymouth for a site tour and discussion on vital water safety initiatives. The visit coincided with ABP's ongoing summer water safety campaign, which aims to raise public awareness about the dangers of swimming in dock areas. Th
Peel Ports Group appoints new Group Harbour Master Peel Ports Group has appointed Captain Susan Cloggie-Holden as its new Group Harbour Master following the retirement of Gary Doyle, a respected maritime leader. Capt Susan Cloggie-Holden, 42, originally from Drumchapel, Glasgow, joins the UK's second-largest port operator after a distinguished career with the Royal Fleet Auxiliary (RFA), where she became the organisation's first female commanding
CentrePort Wellington joins PortConnect platform CentrePort Wellington and PortConnect announces a new partnership that will integrate CentrePort into PortConnect's digital platform. Under the agreement, CentrePort will begin using PortConnect's services starting with the launch of vessel schedules on 1 August 2025. Additional features will be rolled out progressively in 2026, further strengthening digital integration for importers and exporter
Goltens partners with Orcan Energy Goltens Worldwide, a global leader in marine repair, retrofit, and green technologies, has signed a strategic partnership agreement with Munich-based cleantech innovator Orcan Energy AG. The collaboration makes Goltens a preferred engineering and installation partner for Orcan's Marine Organic Rankine Cycle (ORC) systems. Orcan's class-approved ORC systems convert low-temperature waste heat from
The Humans Behind the Containers: Why People Still Matter in Global Shipping When we talk about shipping today, everyone's throwing around big words like automation, blockchain, or predictive logistics. And sure, these tools are amazing. But let's not forget something important: containers don't move themselves. People do. Behind every delivery that lands on your doorstep or every pallet that reaches a warehouse, there's a network of human effort-drivers, planners, custom
What Are the Best Cryptocurrency Solutions for Market Makers? In today's hyper-competitive trading landscape, market makers need more than just capital and speed - they need precision tools and reliable infrastructure. From algorithmic execution to liquidity access, cryptocurrency services for market makers have evolved to enhance efficiency, reduce slippage, and tighten spreads. Whether you're running your own prop desk or executing orders for institutions
DP World to redevelop Tartus port under historic agreement DP World has entered into a landmark 30-year concession agreement with Syria's General Authority for Land and Sea Ports to develop and operate the Port of Tartus. This long-term partnership marks a significant milestone in Syria's economic recovery, aiming to transform Tartus into a strategic regional trade hub linking Southern Europe, the Middle East, and North Africa. Under the terms of the agr
CMA CGM updates loyalty program for Indian spot customers amid volume pressure Container lines seem to be attempting newer incentive schemes to push cargo support from low-volume shippers out of India as bookings slow down amid tariff uncertainty. CMA CGM has introduced additional benefits under what it calls 'sea reward loyalty programme,' a transactional application it began extending to spot-on customers in 2022. The programme, theoretically, ties in with discounts and o
IHI and Vopak sign joint development agreement for ammonia terminal in Japan IHI Corporation and Royal Vopak have entered into a joint development agreement to establish a new joint venture focused on developing and operating an ammonia terminal in Japan. Building on ongoing domestic infrastructure initiatives, the two companies aim to launch operations by Japan's fiscal year 2030. The terminal will serve as a foundation for safe and efficient ammonia storage and handling
Panama Canal reports strong Q3 and future growth plans The Panama Canal Authority (ACP) delivered an optimistic third-quarter market update, outlining operational strength, new investments, and sustainability efforts. "We are pleased to report that the Panama Canal is operating at full water capacity, We have remained at 50 feet of draft throughout the dry season, and we will continue to have a relatively wet winter, or rainy season for the remainder
Genco targets fleet and growth moves with new $600m credit line US-based dry bulk owner Genco Shipping & Trading has completed an amended and upsized revolving credit facility, boosting its borrowing capacity to $600m as it positions itself for future growth and continued balance sheet flexibility. The new deal increases the New York-listed company's credit line by 50%, or $200m, compared to the previous facility. The ...
Petrobras on the lookout for 11 walk-to-work vessels Brazilian state-owned oil and gas giant Petrobras is inviting vessel owners and operators to apply to tenders for the provision of a total of 11 walk-to-work vessels. According to the tender documentation provided by Arctic Offshore, there are three separate tenders open for the vessels. The first closes today and is for two vessels that ...
South Korean firms bag offshore wind cabling deals worth nearly $200m Electrical cable provider LS Cable & System and its subsidiary LS Marine Solution have won contracts for supplying and installing cables on an offshore wind project in South Korea. The two companies will work on the 532MW Anma offshore wind project after being chosen as the preferred bidders back in 2023. LS Marine Solution will ...
Adam Polemis seals third tanker deal in three months Prominent Greek shipowner Adam Polemis has completed his third major tanker transaction in as many months, acquiring the newbuild LR2 tanker Hesperia Tide from Eastern Pacific Shipping. The deal, reported by multiple shipbrokers, underscores Polemis's strategy of upgrading his fleet by swapping older tonnage for modern, eco-friendly ships. The Hesperia Tide, a 115,000 dwt, scrubber-fitted ...
Search ends for missing Eternity C crew as Red Sea sinks deeper into crisis The search for the remaining crew members of the Eternity C, a bulk carrier sunk by Houthi rebels in the Red Sea, has been formally called off, with at least four mariners presumed dead and 11 still unaccounted for, according to security firms Ambrey and Diaplous Group. The ship was attacked on July 7 in ...
Itochu orders world's first ammonia bunkering vessel Japanese trading giant Itochu Corporation is set to operate the world's first ammonia bunkering vessel by September 2027. Itochu, via its Singapore bunkering subsidiary, has signed a shipbuilding contract for the construction of a 5,000 cu m ammonia bunkering vessel with Sasaki Shipbuilding and an agreement regarding the construction of an ammonia tank plant that ...
DP World to invest $800m developing Syrian port DP World has signed a 30-year concession agreement with Syria's General Authority for Land and Sea Ports to develop and operate the port of Tartus. As part of the agreement, DP World will invest $800m over the duration of the concession to upgrade the port's infrastructure and position it as a regional trade hub connecting ...
Chartworld eyes New Dayang boxships Greece's Chartworld Shipping is returning to the newbuilding arena with plans to bolster its container fleet, reportedly lining up a deal for a quartet of 3,100 teu vessels at Chinese builder New Dayang. Athens-based shipbroking sources report that the Kollakis brothers-led diversified owner has signed a letter of intent covering two firm and two optional ...
June spike in LA imports belies bearish outlook on second half Enjoy the good times while they last. That's the view on record import numbers in Los Angeles in June that...
ETS review sparks debate over future of green tax Shipowner groups have argued the EU should scrap its regional emissions rules for shipping given the incoming global framework, while...
Navilands eyes expansion amid new interest in third-party management New tanker arm Navilands Energy is expected to be up and running before end-2025
Malaysia pledges crackdown on illicit ship-to-ship transfers New regulation aimed at tightening enforcement against illegal ship-to-ship oil transfers in Malaysian waters is expected to come into force...
Traffic to damaged Houthi-held Hodeidah and Saleef ports halts following Israeli air strikes Satellite imagery suggests heavy damage to the docks in the ports of Hodeidah and Saleef, both previously damaged in air...
Iran shipments to Houthis a masterclass in AIS manipulation The Houthis have a robust weapons supply chain and there are limited options for interrupting these networks
Hyundai LNG sells second steam turbine gas carrier for scrap Ship recyclers remain starved of tonnage but rising steel plate prices could lead to more owners selling aged ships for...
The week in charts: Philippines orders crews to avoid high-risk areas | Panama Canal transits still below pre-drought levels | Vehicle carrier markets buoyant Traffic through the Bab el Mandeb continues as normal, despite two ships being sunk last week; Average Panama Canal transits...
The week in newbuildings: Japan's Itochu orders first ammonia bunkering vessel One ammonia bunkering vessel, a cable layer, one VLCC, two bulkers and six boxships ordered in past week
Eternity C search operation called off Focus now on health and welfare of surviving crew members
CMES reboots Antong takeover via stake acquisition Once combined, their fleet could exceed 130,000 teu, entering top 20 global carriers
Hyundai Glovis to operate world's first PCTCs fitted with autonomous navigation systems In order to contribute to the goal of reaching net zero by 2045, the Hyundai Motor Group's logistics arm is...
Macquarie looks to keep hold on NY-NJ terminal amid lease talks The infrastructure fund that owns the Port of New York and New Jersey's largest marine terminal is not looking to divest as it seeks to extend the term of its lease, according to people familiar with the talks.
FMC probing service agreements between Port Houston, ocean carriers The investigation centers on terminal service agreements that may have required container lines to commit to route a share of their cargo through Port Houston.
J.B. Hunt hits some shippers with big surcharges in Southern California The surcharges, which took effect Sunday, apply to select customers who exceed their peak-season allotment of containers out of the region.
Africa diversions drive sharp rise in ocean carrier emissions But the longer voyages are also seeing container shipping companies cutting the average fuel intensity per TEU mile and ensuring vessels are sailing full.
Trump threatens Russia with 'very severe' tariffs amid frustration with Putin Secondary tariffs of 100% would impact Russia's trading partners
'All crew Muslim': desperate owners scramble to ward off Houthi threat Vessels keen to show no connection to Israel while heading through Red Sea
Cosmoship and Eastmed cash in container vessels as CMA CGM enters S&P market French liner adds to tally of secondhand buys in deals with Greek owners
Trafigura and shipowner sucked into $18bn Pertamina corruption probe Trader says an employee is cooperating after being named as a suspect
Trader Trafigura and shipowner sucked into $18bn Pertamina corruption probe Trader says employee cooperating after being named as a suspect
Open for business: Monjasa recalls LNG bunker vessel to Europe World's first purpose-built LNGBV due to arrive in mid-August
Pacific Basin Shipping seals $250m loan linked to carbon intensity and crew safety targets New revolver is even bigger than the bulker firm's existing sustainability-linked loan
Braemar's Singapore head of tankers Frank Wu leaves after 20 years Shipbroker says in note to staff that contract was ended
Genco seals $600m war chest to chase bulker fleet growth Owner says total borrowing capacity has been boosted by $200m
Chinese giant CMES rejigs plan to spin off and list container shipping unit Deal would create top-20 container ship owner
Berge Bulk loses appeal against exporters after charterer goes bust English court jurisdiction denied to Singapore operator in case dating back to 2019
Capesize demand propped up by delays and congestion at bauxite ports in first half of 2025 Export volumes soared to a new record, despite the rainy season and some mining licences being revoked
Jefferies believes in tankers, forecasting market strength to close out year Veteran analyst Omar Nokta sees product tanker stocks as best bets
John Dragnis-backed Goldenport Shipmanagement rounds off first secondhand container ship purchase in five years Greek owner bags strong rate with Japanese operator for newly acquired Bangkokmax
Samudera Indonesia raises $3.1m through Islamic financing bond Shariah bond covers two panamax bulkers
Worried charterers could be trying to fool VLCC owners with 'bearish chatter' Fixing volumes suggest rate rise is imminent in strange market, broker Sentosa says
Arne Fredly sells holding in Kjell Inge Rokke offshore shipowner in $21m deal Insurer Foyer Finance snaps up stake in Oslo-listed Akastor
Taylor Maritime offloads modern ultramax pair to major Greek owner Sale spree spreads to younger vessels
Japanese owner cashes in on capesize bulker coming off charter from Eastern Pacific Chinese buyers, the most prolific when it comes to capesize tonnage in 2025, are said to have bought the Mount K2
Eimskip books $4m loss from selling feeder ship to Grupo Sousa Portuguese group adds to owned fleet with deal for Chinese-built unit
Trader to add 55 capesizes to fleet to drive Guinea exports Dynamic Mining's shipping arm aims to ramp up global exports
Orix Corp accelerates ship sales with fifth deal of the year Japanese company's shipowning subsidiaries have sold a total of five ships so far this year
Lila Global raids S&P market for Norwegian-owned chemical tanker Stainless Tankers ship is the second stainless steel chemical tanker bought by Anil Sharma-led shipowner this year
Trump supercharges EU tariff threat as bloc scrambles for response Commission ready to react with 'countermeasures' as trade war clock ticks down to August
Russian tanker shipments could face 'floating' G7 oil price cap Owners would have to be even more vigilant to comply with trading rules
Unipec's crude tanker first-half fixtures more than double any rivals Figures from broker Poten & Partners show Chinese refiner has maintained its dominant position in the dirty market
Hyundai Glovis aims for world's first AI-driven car carrier fleet by 2026 Company will work with HD Hyundai's start-up Avikus to develop the required AI systems
Infamous Russian tanker 'seized' by Ukraine goes under the hammer Asset-tracing agency offloads Nika Spirit through an auction system
Skipper George Procopiou clinches honours at non-stop Aegean yachting race Marathon 600-mile race went down to the wire
Braemar opens up in Africa by recruiting Cape Town shop's tanker team London-listed broker makes good on promise of breaking new ground geographically
Lila Global raids the S&P market for Norwegian-owned chemical tanker Stainless Tankers ship is the second stainless steel chemical tanker bought by Anil Sharma-led shipowner this year
Hyundai Glovis aims for world's first AI-driven car carrier fleet by 2026 Company will work with HD Hyundai's startup Avikus to develop the required AI systems
Fujian Guohang opts for methanol for latest bulk carrier orders at Wuhu Shipyard Chinese shipowner is topping up $12.6m for dual-fuel engines on two kamsarmax option vessels it has declared
Lila Global raids the SnP market for Norwegian-owned chemical tanker Stainless Tankers ship is the second stainless steel chemical tanker bought by Anil Sharma-led shipowner this year
LNG carrier scrap sales hit 2024's record total in less than seven months Latest South Korean steam turbine vessel nets healthy price in quiet market
FedEx buys world's first ATR 72-600 passenger-to-freighter aircraft FedEx has committed to buy the first ATR 72-600 converted freighter, supplementing the production freighters already in its fleet.
FedEx to celebrate Fred Smith's life at Memphis event FedEx will honor founder Fred Smith, who died last month, at a large ceremony in August.
China-US container trade trending down as peak season nears Ocean container indicators turn negative as importers wait for developments on tariffs and trade policy.
Container Q2 volumes up 4.4% for OOCL parent Chinese-owned Orient Overseas (International) Limited, parent of OOCL, said it carrier 4.4% more containers in the second quarter from a year ago.
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