Davie Defense unveils plans for its $1BN American Icebreaker Factory Davie Defense Inc., the newest member of Davie Shipbuilding's parent Inocea Group, has given a first glimpse of the American Icebreaker Factory that could be developed at the historic Gulf Copper shipyard
ABS awards Hanwha a world first ammonia gas turbine AiP Hanwha Group's plans to have ammonia gas turbine powered ships in the water by 2028, first disclosed in February of this year, are moving rapidly along. Hanwha Power Systems has now received
Port Freeport Commission approves FY 2025/2026 budget The Port Freeport Commission ratified the Fiscal Year 2025/2026 budget and passed a resolution establishing the 2025 tax rate at zero dollars. This decision reinforces the Port's dedication to financial autonomy and coincides with Port Freeport's Centennial celebration, commemorating 100 years since Brazoria County voters created the Navigation District in 1925. Port Commission Chairman Rob Giese
Freightos: Transpac rates tick up on September GRIs The Trump administration will appeal a trade court ruling that struck down the president's IEEPA-based tariffs to the Supreme Court, which has agreed to expedite the proceedings. The court will hear arguments in November, with a decision possible before the end of the year. A potential White House loss on appeal is adding uncertainty to a somewhat firming tariff landscape, and could have signific
ABS, University of Michigan, SIT, and Sea Forrest partner ABS has signed a memorandum of understanding with the University of Michigan, Singapore Institute of Technology (SIT), and Sea Forrest Technologies to advance maritime electrification and battery safety. The collaboration will focus on joint research projects, publications, and workshops aimed at improving battery technologies and accelerating the adoption of clean energy solutions in the maritim
MEDLOG launches flagship cold chain facility in Savannah On 10 September 2025, MEDLOG officially opened its new state-of-the-art cold chain logistics facility in Savannah, Georgia, designed to strengthen U.S. protein exports. The grand opening attracted over 200 customers, partners, and government representatives. The 300,000-square-foot facility, dubbed the "Crown Jewel of the Cold Storage Industry," features the largest blast freezing capacity in the
A crisis might be hidden behind marine insurance Despite rising premiums, the global marine insurance market faces unprecedented risks from aging ships and geopolitical chaos that could trigger a sudden market reckoning. The global marine insurance market presents a deceptive picture of stability. With premiums growing 3.5% to US$9.67 billion in 2024, industry leaders speak of returning to a soft environment. Yet beneath this calm surface lurks
Red Sea Container Terminal at Sokhna receives crane equipment delivery The developing Red Sea Container Terminal at Sokhna has accepted delivery of its second shipment consisting of three ship-to-shore gantry cranes manufactured by ZPMC, establishing a total of six quay cranes at the facility. The terminal is being operated under a joint venture comprising Hutchison Port (50%), CoscoSP (25%), and CMA CGM (25%). The cranes feature 70-meter outreach capacity, accommod
Auckland obtains authorization for wharf extension project The Port of Auckland has secured approval to extend the Fergusson North Wharf by 45 meters, reaching a total length of 340 meters. While the existing berth can accommodate vessels up to 350 meters through dolphin utilization, quay cranes cannot cover complete ship lengths, frequently requiring vessel repositioning during operations. The expansion initiative is projected to require twelve months f
China completes shipbuilding industry consolidation China Shipbuilding Industry has complete the effective integration into CSSC Holdings, the publicly traded subsidiary holding company for select China State Shipbuilding Corporation assets. This was a process with origins tracing to at least 2019, which gained substantial momentum last year, according to DynaLiners Consequently, CSIC has been removed from public trading, establishing CSSC Holding
How three global crises are reshaping world shipping A convergence of geopolitical attacks, massive overcapacity, and climate mandates is forcing the US$14 trillion maritime industry into its biggest transformation since containerization. Since November 2023, Houthi attacks have forced his usual Red Sea route around Africa's Cape of Good Hope, adding two weeks and US$1 million in fuel costs to each voyage. This reflects a perfect storm engulfing th
How Taiwan Strait crisis could cripple global shipping? A blockade or conflict in the Taiwan Strait would create unprecedented disruption to global maritime trade, potentially dwarfing the economic impact of the Suez Canal blockage. A Chinese escalation in the Taiwan Strait poses severe risks to global maritime trade, with potential disruptions to US$2.45 trillion in annual trade flows (21% of global maritime commerce). This content is locked Select a
ONE launches new India-Gulf service 2 (IG2) Ocean Network Express (ONE) has launched its India-Gulf Service 2 (IG2) to enhance shipping connectivity between India and the Middle East. The service aims to meet rising demand between Indian ports and Umm Qasar, offering reliable and optimized network coverage for customers. The IG2 route will operate Mundra - Nhava Sheva - Jebel Ali - Umm Qasar - Jebel Ali - Mundra, with the inaugural sailing
Jebel Ali takes in burnt-out Wan Hai 503 The container ship Wan Hai 503, which exploded off Indian waters in June, has found refuge with Dubai's Jebel Ali port, after being refused entry by ports around the Indian Ocean. Vessel-tracking data from S&P shows that the 2005-built 4,333 TEU Wan Hai 503 is scheduled to arrive in Jebel Ali on 14 September. On 9 June, a blast tore through Wan Hai 503 as it sailed from Colombo, Sri Lanka, to Ind
Interview with Pankaj Khanna, CEO at Heidmar In this exclusive interview, Container News Journalist Antonia Saratsopoulou speaks with Pankaj Khanna, CEO at Heidmar. Mr. Khanna discusses Heidmar's strategic move into the feeder container market, highlighting favorable market conditions, growing regional demand, and the company's focus on technical excellence and digital innovation. With decades of experience, he outlines how Heidmar plans to
LR approves HHI forward accommodation LNG carrier design Lloyd's Register (LR) has granted Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) for its next-generation LNG carrier. The design features a forward accommodation layout and integrates Mitsui O.S.K. Lines' Wind Challenger wind-assisted propulsion system (WAPS). The accommodation and bridge block are relocated from the aft to the bow. This fore-deckhouse design reduces aerodynamic
DP World opens new driver welfare facility at Southampton DP World has opened a new driver welfare facility at its Southampton container terminal, marking the completion of a £20 million modernisation project aimed at improving conditions for hauliers. The 24,000 sq. m facility offers drivers a restaurant, café, bathrooms, showers, and over 130 secure parking spaces. Operated by Cartland Truck Stop Ltd, it also features service bays and twin EV charging
ABS clears HD Hyundai Mipo LNG-Bunker design ABS has granted Approval in Principle (AiP) to HD Hyundai Mipo for its new 30,000 CBM LNG carrier and bunkering vessel design. The dual-purpose vessel can transport LNG as cargo and supply it as bunker fuel to various vessels. ABS completed a full design review to ensure compliance with class and statutory requirements. "LNG remains a key option in the alternative fuel mix," said Joshua Divin, AB
Norse Ship Management boosts fleet connectivity with NexusWave Singapore-based Norse Ship Management is enhancing crew and operational connectivity across its fleet. The company has deployed Inmarsat Maritime's NexusWave service on one of its bulk carriers, with installation supported by distribution partner Station Satcom. NexusWave is a fully managed bonded connectivity service. It provides unlimited data, global coverage, and fast speeds. The system enabl
How Gemini Cooperation gains advantage in Asia's shipping industry In the world's busiest container shipping market, Gemini Cooperation is rewriting the competitive landscape, challenging Chinese dominance through superior reliability and strategic timing In a dramatic shift that's reshaping global trade flows, Maersk has surged to within striking distance of dethroning COSCO as the leader of Asia's massive intra-regional shipping market, adding a staggering 100
ABS approves HHI, KSOE 16K TEU electric boxship design At Gastech 2025, ABS granted Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) for their 16,000 TEU container ship design with electric propulsion. ABS reviewed the design based on class requirements. The review covered the power system, including power generation, conversion, and propulsion motors. "ABS, HD KSOE and HHI
Wärtsilä to power two battery-electric ferries for Molslinjen Wärtsilä will equip two new high-speed catamaran ferries for Danish operator Molslinjen with fully integrated electric propulsion and waterjets. The battery-electric vessels are under construction at Incat in Tasmania. The system includes electric motors, waterjets, DC power conversion, energy management, automation, and the ProTouch propulsion control system. It ensures smooth, efficient, and lo
Eurotainer appoints new Senior Sales Manager Eurotainer has named Thomas Born as its new Senior Sales Manager for the DACH region, covering Germany, Austria, and Switzerland. Born brings extensive experience from the chemical industry and railcar leasing sector, having held positions with Wascosa and VTG in both Germany and Switzerland. Based in Germany, he will focus on strengthening Eurotainer's commercial presence in the region and creat
Hengli Heavy seals deal for up to four VLCCs Chinese yard Hengli Heavy Industries has secured a contract with a European shipowner for up to four very large crude carriers (VLCCs), in a deal valued at about $470m. The order, widely linked in the market to John Fredriksen's tanker giant Frontline, covers 306,000 dwt newbuilds priced at around $118m each. Hengli did not disclose ...
Edda Wind picks new chief executive officer Offshore wind support vessel pureplay Edda Wind has appointed Stig Morten Helland as its new chief executive officer. Helland, who takes the Edda Wind CEO seat on September 29, brings with him a wealth of experience from the shipping and offshore industries, having held senior leadership roles at both Teekay Offshore and OSM Thome. He ...
DOF bags mooring work in APAC region Norwegian offshore vessel owner DOF has won a contract for mooring hook-up services in the Asia-Pacific region. The contract will utilise the 2010-built Skandi Hercules with related mooring and subsea installation services. The scope of work includes DOF's full suite of in-house project management, engineering, procurement and logistics support services. Offshore execution is scheduled in ...
US unleashes its largest sanctions package aimed at the Houthis Yesterday, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) unveiled its largest sanctions to date against the Houthis, designating 32 individuals and entities, including a Dubai shipmanager as well as four vessels - two MRs and two handy tankers "The Houthis continue to threaten US personnel and assets in the Red ...
Baker Hughes wins subsea contract for Turkish gas field Oilfield services giant Baker Hughes has won a contract from Turkish Petroleum (TPAO) and the Turkish Petroleum Offshore Technology Centre to supply subsea production and intelligent completion systems in phase three of the country's Sakarya gas field. Baker Hughes will provide deepwater horizontal tree systems with associated subsea structures and control systems to support production ...
HMM signs long-term contract with Vale HMM has signed a long-term contract of affreightment (COA) with Brazil's Vale, valued at KRW430bn ($309m). This is the second contract signed between the two companies, following a KRW 636bn, 10-year deal concluded in May. Under the new agreement, HMM will transport iron ore using five bulk carriers over a 10-year period starting next April. ...
Hapag-Lloyd taps Shell for bio-LNG supplies Hapag-Lloyd and Shell have signed a multi-year agreement for the supply of bio-LNG starting with immediate effect. Since 2024, Shell has expanded its offering to include bio-LNG, which is now available at 22 locations within its global LNG bunkering network. "This agreement helps secure the fuel certainty and supply reliability we need to further expand ...
Splash Wrap: Trøim reloads, ZIM stumbles, Anglo Teck rises With kids back in school, the maritime events calendar is back in high gear. This past week has seen Gastech convene in Milan, the International Union of Marine Insurance's (IUMI) annual conference in Singapore, while Oslo played host to the high-level Pareto Securities Energy Conference featuring a who's who of shipowning heavyweights, many of whom ...
VLCC spot rates skyrocket to highest level since March 2023 After a disappointing series of false starts, the VLCC market has finally broken through to a new, higher level. Spot...
UK sanctions 70 more tankers The UK Government said the latest listing is part of efforts to build economic pressure on Russia and target its...
Mixed signals in transpacific as rates to Europe continue to slide Transpacific rates continue to increase, but expectation is that the rebound will be moderate and short-lived. Meanwhile, Asia-Europe rates are...
Adani bans sanctioned vessels from its ports India's largest private port operator Adani Group has sent out a circular to its ports, seen by Lloyd's List, banning...
Robin Energy hauls in $7.5m in Maxim fundraiser Proceeds may be used for fleet expansion or general purposes
VLCC asset values stay strong while suezmax and aframaxes in retreat Crude tanker values show a market that has split between VLCCs and the mid-sized segments
Shore power works, so why isn't there more of it? High upfront costs and confusion of who makes decisions and who pays is slowing the rollout of shore power, despite...
LNG doesn't need the IMO's help Pragmatism is called for when writing the rules. That doesn't mean rigging them to help fossil fuels
Another Chinese newcomer joins feeder boxship ordering spree Newbuildings also mark Chinese yard's first step into containership construction
China-built vessels on US routes fall as port fee deadline looms It remains unclear how Chinese shipping lines will react as the deadline draws closer
The Daily View: A little less conversation, a little more action
Eastern Pacific orders four mid-sized boxships from fast-growing Hengli Heavy The deal, valued at $300m-$500m, adds to the rapid orderbook growth of Hengli Heavy
HMM signs second 10-year COA with Vale amid bulk shipping expansion The $310m deal underscores HMM's push to expand its bulk fleet as it diversifies beyond container shipping
Shell and Hapag-Lloyd ink bio-LNG bunker deal Deal brings Hapag-Lloyd closer to achieving net zero fleet operations by 2045
Daily Briefing DNV maritime boss highlights 'major concern' with IMO Net-Zero Framework | DNV has conflict of interest on LNG, says UCL's...
Drayage strike shuts inland flow from Mundra, Kandla ports The trucking shutdown adds to existing pressure at India's busiest container gateway after a buildup of import boxes caused severe rail slowdowns last month.
MSC ready for US port fees after network changes: CEO The world's largest container ship operator "proactively restructured" its US service network to mitigate any impact from the Trump administration's new levies on Chinese ships, according to MSC CEO Soren Toft.
Multipurpose vessel supply-demand balance on knife edge Little-to-no scrapping and scant new orders should keep the MPV fleet stable for now, but things could change quickly if demand surges.
US wind sector warns against further increase in import tariffs Equipment manufacturers and industry associations urged the US Department of Commerce to take a measured approach to avoid unintentionally harming the domestic wind industry.
US judge to consider default decision against Delta Corp Shipping in NYK charter fight Delta Corp Holdings subsidiary makes no appearance in Los Angeles court case
E-LNG takes its first baby steps as new coalition prepares to provide project data Interactive map of projects to be launched shortly
Alafouzos family prevails in race for coveted VLCC amid hot charter market Greek family's private firm Kyklades Maritime is tied to a deal for a large crude carrier sold by Formosa Plastics
Suezmax sales lift off as Dynacom Tankers nets a firm price for ageing unit Secondhand suezmax prices get unstuck after four vessels change hands in a fortnight
LNG carrier designs take flight in order-starved newbuilding market Wind sails, bow-mounted bridge and, or accommodation along with nuclear propulsion all take a bow
Suezmax sales lift off as Dynacom Tankers fetches firm price for ageing unit Secondhand suezmax prices get unstuck after four vessels change hands in a fortnight
'Crying won't save my husband': The harrowing human impact of making seafarers scapegoats for crime Elena Albokhari speaks out as the clock ticks down on the second anniversary of her husband's imprisonment
Buoyed by data: Platform backed by heavyweight owners aims to make shipping more profitable Berge Bulk, Star Bulk and MOL turn to San Francisco company for voyage optimisation
Wavelength podcast: DNV boss slams IMO approach to LNG, anti-LNG lobby slams DNV Plus reports from IUMI and Gastech
UK sanctions 70 shadow tankers as it targets Russia's 'critical cash flows' New foreign secretary Yvette Cooper promises to keep up economic pressure on Moscow
UCL's Tristan Smith criticises DNV maritime chief for LNG comments Co-author of IMO greenhouse gas study says DNV should not be influencing policy, giving in to commercial pressure
Fire-ravaged Stena tanker replaced by Scorpio ship in US security fleet MR is entered to fill Stena Immaculate contract
'Crying won't save my husband': The harrowing human impact of making seafarers scapegoats for crime Elena Albokhari speaks out as the clock ticks down on the second anniversary of her husband's imprisonment
Ukrainian shipowner makes S&P comeback with Star Bulk deal Low-profile Odesa-based operator makes its first expansion move in three years
EcoLog advances liquid hydrogen supply chain with downstream terminal investment Company teams up with Italy's Gas and Heat on vessel and terminal tank technology
'It's the VLCC's turn': Skyrocketing rates resume after one-day lull in big tanker market Earnings have jumped 59% this month and owners are seeing six-figure charters
Hafnia whets appetite for Torm takeover talks after sealing share deal with Oaktree Hafnia sees benefit of exploring strategic opportunities
Clasen Rickmers-led Asian Spirit Steamship expands into dry bulk sector German feeder container company buys Nisshin Shipping handysize
Skyrocketing VLCC rates resume after one-day lull Earnings have jumped nearly 60% this month and owners are seeing six-figure charters
Hafnia trumpets merits of Torm takeover after binding Oaktree deal. Takeover talks yet to start Hafnia sees benefit of exploring strategic opportunities
South Korea's HMM inks $310m long-term COA with Vale Shipowner's second deal with mining giant this year
GTT unveils its new LNG bunker tank design 'Cubiq' Chief Philippe Berterottiere says he wants to do more to promote LNG as a fuel
Hafnia signs binding pact to buy 15% Torm stake. Takeover talks yet to start Hafnia sees benefit of exploring strategic opportunities
Disney's Asian cruise debut pushed back by three months due to shipyard delay Operator misses out on lucrative year-end holiday season
Hafnia keeps dividend payout ratio as it signs binding pact to buy 15% Torm stake Hafnia sees benefit of exploring strategic opportunities
Specialist ship insurer banks profit as it seeks to stem luxury yacht claims Shipowners' Club has taken action against the spiralling cost of personal injury claims in US
Japanese insurer looks to Asian advantage as US tariffs shift trade focus Sompo regional head of marine Dave Ong eyes rosy prospects for intra-Asian trade
BW Offshore refinances $220m revolving loan in deal with nine banks Consortium of lenders provide new finance
Buoyed by data: Platform backed by heavyweight owners aims to make shipping more profitable Berge Bulk, Star Bulk and MOL turn to San Francisco company for voyage optimisation
South Korea's HMM inks $310m long-term COA with Vale This is the second COA the shipowner has bagged from the Brazilian mining giant this year
Disney's Asian cruise debut pushed back by three months due to shipyard delay Cruise operator to miss out on lucrative year-end holiday season as newbuilding won't be ready until March 2026.
Hebblethwaite out at P&O Ferries as ex-DFDS executive steps in to take the helm Controversial CEO said to have resigned for personal reasons
Blaze-hit Wan Hai container ship finds refuge in UAE port Vessel was earlier rejected by Sri Lankan authorities
Clasen Rickmers-led Asian Spirit Steamships expands into dry bulk sector German feeder container company has bought one Chinese-built handysize bulk carrier from Nisshin Shipping
Canada Post letter carriers refuse to deliver direct marketing mail The Canada Post labor dispute continues to worsen, with letter carriers announcing they won't deliver marketing mail.
Rates spin as Chinese ships dropped from U.S. routes Container spot rates on the eastbound trans-Pacific reverse course as liner operators redeploy Chinese-built ships away from U.S. services ahead of punitive port fees.
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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