Incat Crowther says new WETA ferries will be among world's most technologically advanced Designer Incat Crowther has released more details of the two 400-passenger battery-electric ferries recently ordered at Nichols Brothers Boat Builders by San Francisco's Water Emergency Transportation Authority (WETA), the operator of the
Is Moving To Texas Worth It? Over the last decade, millions of Americans have packed their bags and headed to Texas in search of better living. Whether it's the affordable lifestyle, job opportunities, or warm climate, the Lone Star State has quickly become one of the most sought-after destinations in the country. But with all the buzz, it's fair to ask: Is moving to Texas worth it in 2025? This guide breaks it all down-from
Three NYK Group's companies to merge Three shipping and ship-management companies within the NYK Group - namely, Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd. - will merge as part of a strategic business integration. The new company will be named NYK Bulkship Partners Co., Ltd. and is scheduled to commence operations in January 2026. The head office will be in Tokyo, Japan and will ow
MSC boxship charged with shore-side power at Hamburg terminal for the first time The newest shore-side power station of the Hamburg Port Authority (HPA) at HHLA Container Terminal Altenwerder (CTA) has successfully passed its first practical test. For the first time, a container ship - the MSC Athens - has been charged with shore-side electricity there during its lay time. Further test runs have already been planned to integrate the supply of container ships with shore-side p
So Long RBAC, and Thanks for All the Roles RBAC transformed access control, but modern apps need more context-driven solutions. Time to say goodbye?
Tariff pause halves affected container trade for now Clarksons' analysis shows that US President Donald Trump's 90-day pause on import tariffs, except those from China, means that for now, 6% of global container trade, amounting to 29 million TEU, is affected, compared with 11% prior to the moratorium. On 8 April, a day before additional tariffs were to be effected on US imports from every country, Trump offered a 90-day pause, except for Chinese i
How to Choose the Right Long-Distance Moving Company Moving across the country or even to a nearby state can be a stressful process. From packing your belongings to organizing the travel logistics, there are many moving parts. One of your most important decisions is selecting a company you can trust. That's why knowing how to find a good long distance moving company is essential. Below is a complete guide with practical tips to help you pick the ri
Key Tips for Choosing the Best Fairfield Moving Company Relocating to Fairfield, NJ, can be a stressful process, filled with logistical challenges. Packing up all your belongings, ensuring safe transportation, and settling into a new place requires significant planning and effort. Without the right strategy, the process can quickly become overwhelming, especially if you're managing work, family, and other commitments at the same time. That's where hir
How to Easily Handle Last Minute Moves in Tucson, AZ Sometimes, you get that new job or transfer that requires you to suddenly move to a new location. Your lease could be up or life just throws one of its curveballs, and now, you have to pack up and relocate fast. In a city like Tucson, Arizona, where the cultural flair and unique shopping lifestyle constantly attract visitors, the city's logistics can be a headache. ...especially true when you need
Vasi Shipping files for bankruptcy Vasi Shipping has initiated bankruptcy proceedings on 10 April 2025 with an outstanding debt of US$19 million owed to creditors, according to Linerlytica. The shipping company was established in Singapore in January 2012 and operated primarily in Southeast Asia, Bay of Bengal, Indian Subcontinent, Red Sea and Middle East Gulf routes. Vasi has halted all vessel operations since early March 2025, h
CMA CGM buys 35% in Egypt's October Dry Port CMA CGM aims to expand its footprint in Egypt, leveraging the country's strategic position as a gateway to the Mediterranean, Red Sea, and broader Middle East and African markets. The French shipping and logistics powerhouse has agreed to acquire a 35% stake in Egypt's October Dry Port (ODP). CMA CGM, which currently operates the Tahya Misr container terminal at the Port of Alexandria and is prep
Noatum Logistics acquires 152 new long-haul trucks from Mercedes-Benz Noatum Logistics, an AD Ports Group company and a global logistics management services provider, will buy 152 long-haul transport trucks from Mercedes-Benz to enhance its freight-forwarding operations in the Middle East. The Mercedes Benz Actros advanced trucks are expected to enhance Noatum Logistics' regional transport capacity by 6,000 tonnes and grow its fleet from approximately 450 vehicles
Long Beach records strong container volumes in 2025 The Port of Long Beach (POLB) moved 817,457 TEUs in March, up 25% from the same month in 2024. Imports at the Californian port grew 25.8% to 380,562 TEUs and exports decreased 1% to 104,063 TEUs. At the same time, empty boxes moving through the Port rose 35% to 332,832 TEUs. March marked the Port's 10th consecutive monthly year-over-year cargo increase. "We are leading the way as the nation's bus
Diana Shipping fixes out panamax to China Resource Chartering Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its panamax vessels. The company hired the 2013-built, 77,901 dwt bulker Ismene. The gross charter rate is $11,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March ...
DHT confirms disposal of Chinese-built tonnage DHT Holdings, a New York-listed tanker giant, has confirmed the sale of two Chinese-built VLCCs. DHT said in a statement that it sold the 2011-built DHT Lotus and the DHT Peony for a combined price of $103m. Splash has previously cited broking sources that claimed that the company sold the 320,000 dwt sister vessels built ...
The carriers most exposed by Trump's trade war with China The chart below created by Linerlytica highlights the containerlines most exposed on the transpacific by the ongoing trade war initiated by Donald Trump, the American president, against China, that has effectively brought most business between the two largest economies in the world to a halt. Hede, Matson, SeaLead, TS Lines, and COSCO are most at ...
Wood open to $320m bid from Sidara after rejecting $2bn last year UK consulting and engineering firm Wood has received a non-binding conditional takeover proposal from Dubai-based company Sidara. The possible offer is for 35 pence per Wood share in cash to acquire the entire issued and to be issued share capital of Wood. Dar Al-Handasah Consultants Shair and Partners, otherwise known as Sidara, would also inject ...
Saipem firms up drillship option at Deep Value Driller Italy's Saipem has exercised its option to amend its bareboat charter deal with Norwegian rig owner Deep Value Driller for the namesake drillship. The Milan-listed offshore engineering and construction giant has fixed the 2014-built Deep Value Driller for 365 days from July 1, and secured options to extend the drillship's charter by an additional year ...
Next Geosolutions wins Prysmian contract Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) has secured a contract from Italian cabling giant Prysmian for unexploded ordnance (UXO) survey and clearance work in German and Dutch waters. The contract for the survey activities estimated at €10m will see the Milan-listed company, part of Naples-based shipping group Marnavi, support Prysmian on ...
Singapore's Vasi becomes first liner casualty of 2025 Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts. "The gap between charter rates and freight rates ...
Korea's big three yards scout overseas acquisitions Like they did belatedly during the last great shipbuilding boom, South Korea's largest three shipbuilders are finally looking overseas for expansion. During the shipping boom of 2003 to 2008, Korean yards expanded belatedly massively at home and overseas, only to be hit by more than a decade's slump in the wake of global financial crisis. ...
Free calculator launched for shipowners to navigate IMO's new green deal Shipowners left scratching their heads about the potential financial penalties they face from the new net-zero framework agreement penned at the International Maritime Organization last week have been given a solution. Employees at Singapore's Global Centre for Maritime Decarbonisation (GCMD) worked overtime this past weekend to develop a free cost and compliance calculator to help ...
China Merchants completes acquisition of Qingdao Yangfan Shipbuilding State-run China Merchants has completed the acquisition of its seventh shipyard, Qingdao Yangfan Shipbuilding, in the northeast of the country. The yard, one of China's oldest, has been rebranded CMI Qingdao Shipyard. The yard is best known for building large bulk carriers and containerships in its two drydocks. The shipyard can trace its roots to ...
The steep learning curve America faces if it wants to return to previous shipyard glory days The stats surrounding the steep learning curve the US faces if it wants to claw back any market share in shipbuilding are astonishing. Donald Trump, the American president, is taking steps to try and build back the country's shipyards, creating a shipbuilding office in the White House, and last week signing an executive order creating ...
Micro modulator reactor tech in the spotlight in latest nuclear-powered shipping initiative Queensland's ship design group Seatransport and Houston-based Deployable Energy are collaborating with Lloyd's Register (LR) to develop nuclear power generation for different applications, including strategic response vessels in remote areas. Using micro modular reactor (MMR) technology, two to five MMRs of 1MWe capacity each will power a 73 m amphibious vessel, designed for emergency response an
'Potentially transformational' deal hatched between employers and seafarers The International Labour Organisation's Maritime Labour Convention (MLC) has been updated, following lengthy negotiations last week in Geneva. Under ILO's Special Tripartite Committee on the MLC, governments, shipowners, and unions met last week to review and adopt crucial updates that reflect the evolving needs of seafarers and the maritime industry. Among the suite of amendments ...
How Trump's trade war could play out for crude tanker rates Crude tankers are not directly impacted by the US-China trade war, but they are expected to face significant indirect consequences...
New IMO framework gets cautious industry welcome Shipping groups are busy trying to crunch the numbers in the new IMO Net Zero Framework, with concerns its low...
Tanker sales drop in first quarter Waning appetite may reflect reaction to geopolitical and regulatory developments, but differs across segments and age categories, according to Greek...
Jinjiang Shipping ramps up Southeast Asia push amid US-China trade tensions With US-China tensions escalating, Beijing is leveraging regional initiatives and diplomatic outreach to deepen economic ties with ASEAN, while Jinjiang...
CII review talks spark outrage at IMO Last-minute objections by Saudi Arabia and oil exporters drew condemnation by EU, UK and others
Seafarers designated key workers in key MLC amendments Other changes included measures to ensure visa-free shore leave and seafarers' right to complain in cases of harassment or bullying
Record pool deficit could hit P&I underwriting performance, Lockton broker warns Some International Group affiliates could see combined ratios top 100%, said Pippa Atkins
Armed robbery incidents surge in Singapore Strait While most of these incidents are classified as 'low-level crimes', security experts have warned that attacks have potentially serious consequences...
IEA slashes global oil demand forecast amid trade wars Despite imports of oil, gas and refined products being given exemptions from US tariffs, concerns that they could increase inflation...
H&M underwriters may start losing money in second half, Gallagher warns Return to unprofitability not in owners' long-term interests, broker said
Safety group issues vehicle carrier guidelines Rise in lithium-ion powered vehicles on the water has increased fire risks. New guidance looks to improve responses
Rotterdam trials ship-to-ship ammonia bunkering Rotterdam is trying to prepare itself for a multi-fuel future that will include ammonia. A test at Maasvlakte II demonstrated
The Daily View: The second loss of China
Daily Briefing Transpacific blank sailings surge as US-China trade war intensifies | 'Buckle up. This is going to get really bumpy,' warns...
In Mexico, global shippers seek new logistics options amid shifting US tariffs US tariffs are forcing shippers in Mexico to rethink global sourcing and logistics strategies as complying with the USMCA becomes more complex.
Port of Virginia readies more cranes for ultra-large container ships Virginia continues to add infrastructure to its marine terminals as part of the port's plan to handle mega-max vessels once dredging is finished late in 2025.
Mega carriers ceding market share to new entrants on India-Med trade Sources at some of the big liners say there's been a noticeable decline in their traditional India-Mediterranean volumes due to the new competition taking advantage of Red Sea-linked shipping dislocations that have created a "new normal" operating environment.
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Last regulatory hurdles cleared for DSV takeover of DB Schenker But the huge scale of the acquisition means it could take up to two years before DB Schenker's business is fully integrated to create the world's largest forwarder.
Does MSC stand for 'massive shipping company'? Liner giant becomes first with 900 vessels Orderbook puts Gianluigi Aponte-controlled company on track for 1,000-vessel milestone
Tanker stocks sag in New York after IEA chops demand estimates Trade wars cited in agency's lower figures as growth would be worst since pandemic
Spin-off of a spin-off: Toro Corp completes Nasdaq launch of tanker vehicle Panagiotidis family's list of public companies grows to three in New York
ILO recognition of seafarers as key workers seen as 'significant win' ITF and SRI plea for Maritime Labour Convention changes to be fully implemented
Diana fixes second panamax in four months to China Resource Chartering Greek owner sticks to conservative, staggered policy of medium-term charters
Fatal flaws in IMO carbon deal risk creating a cost burden rather than a climate catalyst Momentous day as shipping becomes first industry with a global carbon price, but the result is complex rules that may lack sufficient impact to drive change
Single-ship Chinese outfits snap up Nigerian-owned suezmax tanker Tanker was used for a variety of trades, including Russian cargoes
George Economou seeks to replace Trafigura as partner in Italy's biggest refinery Shipowner and trader said to have disagreed over the terms of crude supply deal to ISAB plant
Sumitomo adds funds to Hayfin's $600m-plus shipping investment war chest Alternative financier brings in Japanese lender as it seeks more shipping exposure
NYK selling $112m 'transition bond' to drive investments in LNG-fuelled ships Japanese owner's fourth such deal will carry interest of just 1.24%
Single-ship Chinese outfits snap up Nigerian-owned suezmax Tanker was used for a variety of trades, including Russian cargoes
Martinos family firms Eastmed and Thenamaris line up string of vessel sales Shipping giant Thenamaris is set to absorb 11 newbuilding deliveries this year
DHT sells Chinese-built VLCCs to align fleet with 'market trends' Divestment, for $103m, will net the tanker owner $85m
German and Chinese owners hoover up feeder container vessels amid massive buying interest Strong charter rates and tight supply maintain demand for smaller boxships
Secondhand sales fall in 'fragmented and opaque' tanker market, Greek broker says Xclusiv Shipbrokers says MR deals less common this year, but interest remains for older ships
Investor Energifonden hunts VLCC cash with three new bond offers Swedish investment company selling debt in tranches maturing over three, four and five years
Battered car carrier stocks are too cheap to ignore, says Arctic despite 'wall of uncertainty' facing sector Analyst retains 'buy' recommendation with lower target prices
Dawn of a new era for CO2 carriers as pioneering Capital Clean Energy Carriers vessel launches Newbuilding will be world's largest and first low-pressure designed ship
Wisdom Marine scores $8.8m gain as it clears the decks of older bulk carriers Taiwanese owner sells ultramax and handysize to Chinese and Turkish owners
Montenegro hatches bulker charter plan to save state shipowner from bankruptcy Crnogorska Plovidba will fix two ships to compatriot as it raises cash
Norway's Wilson and Hydro launch wind-assisted propulsion on bulker route Bulker Wilson Eyde will transport pitch from Europe to Norway
Top Ships buying second mega-yacht as owner Evangelos Pistiolis receives $6m bonus Greek tanker owner's diversification continues, but profit hit by higher costs
Tsakos and Restis product tankers take unusual trips as demand shifts Greek vessels ship fuel oil cargoes from Argentina to US, while MR heads across the Atlantic from the UK
How cruise 'contrarian' Torstein Hagen became Norway's richest citizen One year since its IPO, Viking is the best-performing cruise stock on Wall Street
Stolt-Nielsen boss Udo Lange 'buys the dip' to beef up stock holding Chief executive spends $105,000 on Oslo-listed group's shares
Fate of seized shadow fleet tanker in hands of German court Request made to release the Eventin following rescue and arrest in Baltic Sea
'Through the storm': LNG shipping companies get buy ratings from DNB Markets Analyst sees freight markets recovering from 2026
State-backed hackers target shipping's tech secrets Norma Cyber says top shipping tech companies are at greatest risk of being targeted from cyber espionage
Suspected shadow fleet tanker released from arrest after opaque owner settles claims Sapang Shipping halves its repair bill as aframax goes free
Shadow fleet tanker released from arrest after opaque owner settles claims Sapang Shipping managed to halve its repair bill before securing release of the Argent
Wisdom Marine scores $8.6m gain as it clears the decks of older bulk carriers Taiwanese owner sells ultramax and handysize vessels to Chinese and Turkish owners
Why isn't cold ironing taking off in many of Asia's biggest ports? The business case for shore power can be a challenge, says expert
SK Shipping sells off last steam turbine LNG carrier for new business But next role for 22-year-old vessel yet to emerge
Trump signals flexibility on auto sector tariffs that hit car carriers President is considering a pause on car parts tariffs to help automakers adjust
New giant bulker player born as NYK merges three separate subsidiaries NYK Bulkship Partners to assume fleets and operations of Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport
US considering making port fees more affordable for Chinese ships: Report The Trump administration is considering a revision to proposed port fees for Chinese ships.
'Tariff shockwave' leads to collapse in ocean container bookings Tariffs on China imports by the Trump administration led to a collapse in trans-Pacific ocean freight bookings by U.S. importers.
DSV clears final closing conditions for Schenker acquisition DSV on Tuesday said it had fulfilled the final closing conditions for its acquisition of German logistics provider Schenker.
Early container rush ahead as Asia-Pacific defies global growth slowdown Another early peak container shipping season is on tap as Asia-Pacific trade is predicted to outpace a global economic slowdown.
Transair to resurrect Hawaii cargo business after defeating FAA shutdown Transair, a small all-cargo operator in Hawaii, is preparing to restart business after a serious accident in 2021 and a failed FAA attempt to pull its operating certificate.
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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