Port of Long Beach braces for double digit decline in May numbers Following its strongest April on record and 11 consecutive months of cargo increases, the Port of Long Beach says that it is preparing for a double-digit decline for shipments in May due
In a world first, Denmark initiates remote pilotage test program With approval from the Danish Emergency Management Agency, Denmark's national pilotage service provider DanPilot is now initiating a test program for remote pilotage. It is partnering with ship data collection and AI-based
Maine State Ferry Service awards Seaward new crewing contract After a competitive proposal process, Maine State Ferry Service (MSFS) and the Maine State Department of Transportation, has awarded Hornblower Group subsidiary Seaward Services, Inc. (SSI), a new 5-year contract to provide
Anemoi collaborates with Hafnia, GSI, and DNV to develop Rotor Sails for MR tankers Anemoi Marine Technologies has announced a new collaboration with Hafnia, Guangzhou Shipyard International, and DNV to design and integrate Rotor Sails for 50,000 dwt Medium-Range (MR) tankers. In April 2025, the four organizations signed a Joint Development Project (JDP) aimed at creating a new generation of efficient and environmentally friendly MR tanker designs equipped with Rotor Sails. The
Hapag-Lloyd announces new Gambia peak season surcharge Hapag-Lloyd will implement a Peak Season Surcharge (PSS) for shipments from the Americas, Europe, the Middle East and the Indian Subcontinent to the port of Banjul in Gambia. The surcharge will be applicable to all container types from May 19, 2025, until further notice, and has been set at US$400/€350 per container. The German ocean carrier provided the following overview of the PSS geographies:
Kuehne+Nagel launches pioneering global sustainability programme with leading airlines Kuehne+Nagel has launched its Carrier Engagement Sustainability Programme. This initiative marks a first-of-its-kind effort in the industry, involving the signing of individual Memoranda of Understanding with 14 leading global airlines to drive forward sustainability and innovation in airfreight. The programme aims to significantly reduce the environmental impact of air cargo operations and repre
Dry bulk ship recycling falls to 17-year low In this week's "Shipping Number of the Week" from BIMCO, Shipping Analysis Manager, Filipe Gouveia, looks at the recycling of dry bulk ships, which has dropped 24% at the start of the year, as high levels of uncertainty could be delaying recycling decisions. "Between January and April 2025, dry bulk ship recycling has fallen 24% y/y, reaching a 17-year low despite a 35% y/y drop in the Baltic Dry
DCSA completes standards-based interoperable eBL transaction Digital Container Shipping Association (DCSA) announced the first successful standards-based, interoperable electronic Bill of Lading (eBL) transaction. This achievement was made possible through collaboration with eBL solution providers and marks an advancement toward secure, scalable, and truly paperless global trade. Despite the availability of digital alternatives for years, eBL adoption has
Tanger Med Eyes Liberia in Strategic Bid to Reshape West Africa's Maritime Map In a move that signals Morocco's rising ambitions as a continental maritime power, Tanger Med Engineering, a subsidiary of the influential Tanger Med Group, has signed a deal to modernize Liberia's key ports-Monrovia and Buchanan. The agreement, struck with Liberia's National Port Authority, involves infrastructure upgrades including dredging and capacity expansion, aimed at turning the country's
Port of Antwerp-Bruges unveils autonomous electric shuttle for intra-terminal logistics The Port of Antwerp-Bruges, in collaboration with technology partners Akkodis, VDL, and Medrepair, has successfully demonstrated a next-generation logistics solution: a fully autonomous, all-electric shuttle. The live demonstration took place at the Medrepair terminal as part of the PIONEERS project, an initiative funded under the European Union's Horizon 2020 research and innovation programme. E
UAE's Port Powerhouses Split Course in Global Logistics Strategy In 2025, two of the UAE's most powerful logistics companies, DP World and AD Ports Group, are steering global trade infrastructure along markedly different courses. Their investments and strategic footprints reveal not just business ambitions but geopolitical undercurrents shaping the future of maritime commerce
US-China tariff reprieve drives surge in large vessel relets Owners and operators of large container ships in the 5,000 - 7,000 TEU range are busy reletting their vessels to take advantage of firm charter rates, as vessels in this size range are in short supply
COSCO SHIPPING Ports maintains strong throughput growth in April COSCO SHIPPING Ports (CSP) reported continued growth in total throughput for April, achieving a 5.2% year-on-year increase. The Chinese port and terminal operator handled more than 9.5 million TEUs during the month. In China, terminals in the Pearl River Delta and Southwest regions showed particularly strong performance. CSP's overseas terminals also continued their upward trajectory, with throug
cargo-partner and Nippon Express commence Japan-Europe service The Vienna Consolidation service, developed jointly by cargo-partner and Nippon Express, provides shipping solutions from Japan to multiple destinations in Central and Eastern Europe. The Less-than-Container Load (LCL) Vienna Consolidation service was developed to provide a seamless connection between Japan and 26 destinations across Central and Eastern Europe, including Vienna, Graz, Linz, Innsb
Folk Maritime expands fleet with boxship trio Folk Maritime Services Company announced the addition of three vessels to its fleet, which will be deployed on its services over the next month. The three container ships are: Folk Dammam (1,868 TEUs) Folk Yanbu (702 TEUs) Folk Jubail (1,118 TEUs) All the container vessels are registered under the Saudi flag at Jeddah Islamic Port. Poul Hestbaek, CEO of Folk Maritime, emphasized the strategic imp
Former UK Government Maritime Minister joins CORE POWER CORE POWER has announced that Charlotte, Baroness Vere, has joined the company as Vice President of International Relations. Charlotte Vere brings extensive expertise in maritime, sustainability, policy and regulatory development, and stakeholder relations to support CORE POWER's mission to deliver advanced nuclear technology for coastal infrastructure, heavy industry and shipping. Her role will
Bunker indices show upward trend At the end of the 20th week of the year, the global bunker indices of the Marine Bunker Exchange (MABUX) moved upward. The 380 HSFO index rose to US$465.40/MT, the VLSFO index climbed to US$538.59/MT and the MGO index also increased to US$723.92/MT. MABUX Global Scrubber Spread (SS) - the difference in price between 380 HSFO and VLSFO - remained virtually unchanged, increasing by $0.90 (from $72.
MSC increases rates from Far East to Europe MSC, the world's largest container carrier, has announced the following new freight rates from all Far East ports, including but not limited to ports in Japan, Korea and Southeast Asia, to North Europe, Mediterranean, including West Med, East Med, Adriatic and North Africa, and Black Sea. The updated rates will be effective from 1 June until further notice, but not beyond 14 June 2025. If you lik
Kalmar, DP World finalize major repeat order for electric equipment at London Gateway DP World has placed a repeat order with Kalmar for 12 fully electric straddle carriers equipped with high-energy batteries, to be used at its London Gateway logistics hub. The order, which also includes a Kalmar FastCharge charging station for the machines, was booked in Kalmar's Q1 2025 order intake, with delivery of the machines scheduled for the first quarter of the next year. Kalmar electric
Kalmar introduces new standalone automation system Finnish port equipment manufacturer Kalmar has announced the launch of its flexible, scalable Kalmar One Automation System as a standalone solution. With this, Kalmar aims to respond to the increasing demand from customers for a modular original equipment manufacturer (OEM) and equipment-type agnostic fleet management solution. Kalmar One is an OEM and equipment type-agnostic solution for automat
DP World inks US$760 million investment deal for Caucedo Port expansion DP World has signed a US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone. The agreement, signed with the Ministry of Industry, Commerce, and MSMES (MICM) of the Dominican Republic, initiates negotiations that will raise Caucedo's container handling capacity from 2.5 million to approximately 3.1 milli
CMA CGM announces peak season surcharge on China-Kenya route French shipping company CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) for shipments originating from China to Kenya, effective 20 May. The Marseille-based carrier will apply a surcharge of US$150 per TEU on dry cargo shipments from Central & South China, including Hong Kong and Macau SAR, to the Port of Mombasa. Additionally, a separate surcharge of US$200 per TEU will
BIMCO elects new President BIMCO, the world's largest shipping association, has elected Paul Pathy, President & CEO of Canada's largest dry bulk shipping company, Fednav, as President. Pathy was elected at the organisation's general meeting in Copenhagen on 14 May 2025. Paul Pathy takes over as the 47th President and is the first BIMCO President from the Americas, taking over from Nikolaus H. Schües, who is finishing his t
We Asked AI: Next-Generation Ports Futuristic commercial ports are ultra-efficient, fully automated hubs where AI-driven logistics, autonomous cranes, and self-navigating cargo vessels work in perfect synchrony. Equipped with smart sensors, digital twins, and blockchain-based customs systems, these ports ensure seamless, transparent, and secure global trade. Powered by renewable energy and integrated with green infrastructure, the
Star Bulk clears out five ageing supramaxes Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has confirmed sales of five older supramax vessels. The Athens-based company revealed in its first-quarter earnings report it had sold the 2005-built Star Omicron and the 2006-built Strange Attractor. Both ships have already been delivered and renamed Fu Chang and Ocean Melody, respectively. In addition, Star Bulk ...
Liners confident of pushing through rate rises on surging transpacific business Liner executives are reporting a dramatic pick-up in box bookings between China and the US this week as a 90-day mini-reprieve in the tariff war between the world's two largest economies gets underway. The busier liner bookings have yet to translate into an immediate rate surge, but analysts are confident carriers will make strong profits ...
UK needs record offshore wind round to maintain green energy hopes The UK is not on track to meet its Clean Power 2030 target of between 43 and 51GW of offshore wind capacity, so the upcoming allocation round needs to be the most ambitious auction round yet. In its 2025 Offshore Wind Insight, Offshore Energies UK (OEUK) said the country would fall short of meeting its ...
Keyfield finds partner for expansion into Indonesia Offshore support and accommodation vessels company Keyfield International has entered into a memorandum of understanding with Indonesia's PT Elnusa Trans Samudera (ETSA). Keyfield entered into the agreement through its subsidiary Keyfield Offshore. The collaborative framework between the two companies will explore and pursue various marine services opportunities, primarily within the oil and gas
Germany opens up for ship recycling Germany has approved its first facility dedicated to the dismantling and recycling of large ships. This facility, operated by EWD Benli Recycling, is located in Emden on the site of the parent company Emder Werft und Dock (EWD). The company has secured the necessary governmental permits that classify it as a specialised waste management business, ...
Doun Kisen back at Nantong Xiangyu with newcastlemax orders Japan's Doun Kisen has further boosted its bulk carrier orderbook in China with three newcastlemax newbuilds. Multiple broking outfits report the diversified shipowner has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for the 210,000 dwt trio costing between $75m and $76m each. Doun Kisen already has kamsarmax and ultramax bulkers booked for construction at ...
How iron ore seaborne trading patterns are changing Some heavy-hitters were on stage for the final session of this year's Geneva Dry summit, the iron ore panel moderated by Tim Huxley, the CEO of Mandarin Shipping, who kicked proceedings off by asking panellists if there had ever been a more difficult time to form a market view. "We're always swimming in uncertainty in ...
Companies submit contracts to develop 2.7GW of offshore wind in Taiwan All five developers that were awarded capacity in Taiwan's latest offshore wind tender have submitted their contracts to the country's Ministry of Economic Affairs. The five tender winners were originally announced in August 2024 with a total of 2.7GW in offshore wind capacity. They include Synera Renewable Energy's 800MW Formosa 6, Shinfox's 700MW Youde, Copenhagen ...
Staatsolie secures $1.6bn loan to enter TotalEnergies project in Suriname Staatsolie arranged the loan with a group of 18 international, regional and local banks and financial institutions. With this loan, the company can partly finance its 20% participation in the GranMorgu project in Suriname's offshore block 58. The new loan will also be used to fully repay the outstanding bank loan of $130m. The Surinamese ...
Addressing seafarer burnout Martin Hedman, director of mental wellness practices at VIKAND, writes for Splash today. The issue of burnout among seafarers has often been pigeonholed into a narrow focus on mental health, yet the reality on the high seas is far more complex. Recent findings from VIKAND, which show a significant rise in psychological assessments among crew ...
Denmark first to launch remote pilotage With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating a test program for remote pilotage - the first of its kind in the world. The test program created by DanPilot and Danelec allows pilots to guide ships from land, using only advanced data transmitted directly from the vessels. "The approval ...
Dark fleet politics escalate as Russia scrambles jet to protect 'nationless' tanker The Russian Federation has taken its first military step to protect the shadow fleet, putting Baltic States on alert as...
IMO framework sends mixed signals on ship efficiency The IMO's net zero framework incentivises inefficiency for compliant ships and sends mixed signals to the market about the path...
Okeanis eyes potential for increased rates for big tankers Greece-based owner is optimistic about market for remainder of 2025
Pool scheme deficit 'nowhere near' worst projections, says Bowsher West of England chief executive expects to see combined ratios at some rivals considerably above 100% mark
FuelEU could be profitable for shipping OceanScore estimated an initial FuelEU compliance deficit for ships of around 2.1m tonnes of CO2 equivalent, while more efficient vessels...
Star Bulk likes the sector's prospects despite first-quarter profit plunge Leading US-listed bulker owner sees encouragement for dry bulk in the supply side of the equation
Global oil demand growth to fall by a third in remainder of 2025 Uncertainty following the aggressive trade policies launched by the US had 'weighed heavily' on the global economy and therefore oil...
LPG: caught between topsy-turvy trade policies as market enters seasonally strong period VLGCs are entering the seasonally stronger second half of the year amid the fallout from the US-China trade war
Forth Ports launches Tilbury expansion plan Former power station land will be repurposed and included in Thames Freeport under plans submitted
Catalogue of errors led to Pacific Basin bulker near-stranding off Australia Response by local authorities to incident in July 2022 comes in for particular criticism from ATSB
Reed Smith loses costs action against sanctioned Dubai shipowners Top law firm's argument 'thin and unpersuasive', rules Mr Justice Foxton
Hanwha Ocean forms MRO cluster to meet growing US naval demand While expanding its US presence, the company says the dissolution of its Chinese subsidiary is unrelated to its broader strategy
Taiwan's big three box lines ride trade truce momentum after strong first-quarter results Easing China-US trade tensions and a sharp rise in transpacific bookings fuel optimism for stronger cargo demand in the months...
Regulation: Nervous wait for the IMO to adopt carbon pricing The IMO's new net zero framework is set for formal adoption in October. The regulator still has much work to...
HHLA sees earnings jump in first quarter Despite a sluggish European economy, container volumes from Asia increased throughput. Reopening of Odesa terminal helped lift revenues
The Daily View: Beware the anchoring bias
Seafarers still paying the price for disjointed approach to crew criminalisation InterManager secretary-general Kuba Szymanski believes the maritime industry has a lot to learn from civil aviation when it comes to...
Daily Briefing Tariff reprieve upside vs Covid lockdown rebound: this time it's different | Ofac sanctions Iranian military-linked shipping network exposed in...
DAT adds in-house factoring services with latest acquisition The purchase of Outgo, founded in 2022, is meant to help DAT gather more transactional data but also to make its freight marketplace more complete for carriers and brokers.
Trans-Pacific carriers announce massive June rate hikes Container lines are looking to capitalize on a ramp-up in Asia-US bookings during the 90-day tariff reduction that followed Monday's deal between the Trump administration and China.
Revised China tonnage tax less disruptive, still costly An industry backlash mitigated the costliest components of the US Trade Representative but surcharges from some carriers are still likely on the way, writes Executive Editor Mark Szakonyi.
BNSF, UP prepping for July cargo rebound after tariff-induced lull Intermodal providers might see a small bullwhip effect, where international volume declines in May and June but rebounds in July and August as shipments delayed due to now-paused tariffs on Chinese goods begin arriving in Southern California.
Cosco Shipping boosts VLGC newbuilding tally with order for dual-fuel vessels Chinese shipping giant now has four newbuildings on order at Cosco Heavy Industry Qidong
Resolve Marine works to take problem-solving skill set beyond salvage Marine salvage is not a growing market, but there are other ways to grow
Container freight futures notch higher after Trump-Xi trade deal Peak of futures curve in fourth quarter suggest 26% rates rise
First cargo of new Venezuelan crude oil heads to US as deadline looms Schoeller ship also said to be carrying Blend 22 to US Gulf
Navantia UK names new CEO as part of Harland & Wolff integration plan Shipyard pledges commitment to enhancing UK defence and energy sectors
Iran nuclear deal could push up tanker values, says Okeanis boss Aristidis Alafouzos Greek owner's boss sees national Iranian carrier as hungry for quick additions to fleet if US sanctions axed
First cargo of new Venezuelan crude blend heads to US as deadline looms Schoeller ship also said to be carrying Blend 22 oil to US Gulf
Michelle Gonzalez: Mixing innovation and traditional values at chartering giant Vale Michelle Gonzalez is head of chartering, long-term contracts and operations in the APAC and Middle East regions for miner Vale
Newcomer Folk Maritime snaps up three more container ships as fleet expansion rolls on Strategic move will lift owned fleet to five Saudi-flagged ships
Banks block payouts to bereaved families of Russian seafarers Some institutions are taking a hard line on paying money into accounts in Russia despite no suspicions of sanctions breaches
Nuclear reaction: As US and Iran 'sort of' agree weapons deal, tanker market braces for fallout Clarksons Securities explains where we go from here, as President Trump indicates agreement is close
Andreas Martinos-led Minerva Marine swoops for seventh container ship in two years Major Greek owner takes delivery of former Briese feeder vessel
Stifel rethinks direction as Ben Nolan steps off the 'long, hard path' This week's Streetwise takes a look at the departure of a prominent shipping analyst
Fire-hit Greek tanker finally gets towed to safety after drifting for several weeks Damages from engine room fire on Coral Shipping product carrier turned out to be minor
Greece's Angelicoussis Group linked to new sale coup for ageing VLCC Reported deal for major Greek owner's oldest VLCC shows rising secondhand values for big tankers
BW Epic Kosan snaps up trio of LPG carriers as it targets bigger ships Singapore owner linked to deals for Tristar Eships and Komaya Shipping vessels
New Fortress Energy moves to cash in on and shift out its FSRU tonnage Two regas units sublet but company 'ready to sign' charter contracts on a further pair
New Faces: Meet shipping's next generation news makers and market movers TradeWinds picks 25 people set to take up the shipping mantle in the years to come
Castor quickly repays $100m loan to sister owner Toro as it plunges to loss Petros Panagiotidis company banked the cash to take over Germany's MPC Capital
US LPG exports to China poised to rebound after tariffs slashed LPG shipments to China in April had hit a high of 1.6m tonnes, while in May was expected to fall more than 30%
Singapore maritime chief Teo Eng Dih to leave for new ministerial role Replacing him is the assistant chief executive of city-state media and infocomm regulator
'Confused and unnecessary' salvage delay risked catastrophic bulker grounding, report says Australian probe finds only emergency use of anchors prevented serious accident off Sydney in 2022
New Fortress wraps up $1.06bn Jamaican asset sale to Excelerate Energy Wes Edens-led company continues sell-offs as it moves to pay down debt
Singapore maritime chief Teo Eng Dih quits for new ministerial role Replacing him is the assistant chief executive of city-state media and infocomm regulator
Catastrophic bulker grounding risked by confused and unnecessary salvage delay, report says Australian probe finds only emergency use of anchors prevented serious accident off Sydney
Ex-Goldman Sachs heavyweight Andrew Wolff quits BW LPG board Experienced financial executive steps down as director after five years
Hafnia's Mikael Skov says product tanker rate revival sets stage for 'robust' year Earnings improving in second quarter after big profit dip in first three months
Names to note: These faces are tipped to become more familiar in the years to come
Ian Bennitt: Leading Trump's 'historic' effort to bring US maritime back from the doldrums Head of Office of Maritime and Industrial Capacity says president's focus on maritime has created 'epic demand signal'
Margaritaville at Sea buys third ship for that Cheeseburger in Paradise Jimmy Buffett-themed Florida cruise operator buys Carnival Corp vessel
Gavin McGrath: Former Cargill trader is chasing the investment opportunity of a lifetime with Green Marine McGrath is chairman and partner in e-fuels consultancy, engineering and training group Green Marine
Robert Christiansen: Has placed Arctic at the top of the map for shipping in the Nordic bond market
Vyron Vasileiadis: Shipowning newcomer living the dream and with ambition to grow Greek businessman draws attention with wide-ranging set of initiatives
James Lightbourn: Showing a keen eye for shipping deals and tipped for major roles ahead A man of many hats has found a voice as an incisive shipping commentator
Phil Harding and Leo Askaroff: Two deal-makers rising behind 'the big two' at Clarksons
Hege Leirfall Ingebrigtsen: Former football executive brings leadership passion to Grieg Maturitas
Chen JianHua: Chinese billionaire with high-profile friends now challenging the shipbuilding elite
Michelle Gonzales: Mixing innovation and traditional values at chartering giant Vale Michelle Gonzales is head of chartering, long-term contracts and operations in the APAC and Middle East regions for miner Vale
Sara Edmonson: Early adopter bringing Andrew Forrest's green vision to life at Fortescue
Ibrahim Al Nadhairi: Extending a growth story after a blockbuster IPO for Asyad Shipping
Fridtjof Eitzen: Showing a family flair for deal-making after taking the wheel at Christiania Shipping
Carl-Antoine Saverys: Awaiting a pioneering delivery of an ammonia dual-fuel vessel Exmar's CEO has been in the job for less than 18 months but grew up on all things shipping
Julian Proctor: Building out Purus Marine fleet to fit a changing industry landscape CEO is passionate advocate for change but prefers a low-key profile
Ioanna Procopiou: Shipowner rising to prominence as part of new generation in Greece
Panagiota Chrysanthi: Swapped the sea for the boardroom to break new ground at Greek tanker firm Andriaki Shipping's new chief executive officer hails from a long chain of captains and boatswains
Dong Kwan 'DK' Kim: Building out Hanwha Group's vision for shipbuilding Heir apparent's strong US links are already in play
Star Bulk racks up five supramax sales as first-quarter profit dwindles Petros Pappas-led bulker giant actively selling older ships, with proceeds used to buy back stock
Insurer West boosts cash pot as it prepares for unpredictable year CEO Tom Bowsher reports solid 12 months in the face of surging pool claims
Greek tanker ships 'unusual' cargo of straight-run diesel from Abu Dhabi Tracking data shows LR2 Ninemia heading to Malaysia with low-sulphur fuel
Chinese bank arrests former Russian-owned anchor handler in Singapore Bank claims it is owed $61m in outstanding mortgages
Mining magnate grows shipowning fleet with secondhand deal on back of newbuilding swoop Jhonlin Marine's purchase of Sagar Kanta follows big ultramax order in Japan
Hapag-Lloyd expects swift China ramp-up after bookings jump 50% The tariff pause saw Hapag-Lloyd bookings from China to the United States increase 50%.
DHL expands health logistics campus in Germany DHL has added a fourth cold-storage building to its pharmaceutical hub near Frankfurt, Germany.
House considers universal de minimis ban as fees on China parcels ease The White House has temporarily relaxed duties on parcel imports from China that entered the country without duty prior to May 2, but efforts continue to eliminate the de minimis exemption altogether.
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