USTR: China's dominance of global shipbuilding warrants U.S. action This won't come as a surprise to anyone who actually read the full petition filed by U.S. unions back in March 2024, (see our earlier report) but U.S. Trade Representative (USTR) Ambassador
Kongsberg Maritime delivers Reach Remote 1 USV Haugesund, Norway-based Reach Subsea ASA has taken delivery of the Reach Remote 1 USV. The cutting edge uncrewed 24-meter surface vessel is equipped with hull-mounted survey sensors and a Work Class electric
American Maritime Partnership endorses Transportation Secretary nominee Sean Duffy At a Senate Commerce Committee hearing Wednesday, President-elect Donald Trump's nominee to be U.S. Secretary of Transportation, Rep. Sean Duffy, earned praise from senators on both sides of the dais, citing his
Lynxis acquires TEDIVO to expand maritime digital solutions Lynxis, a provider of optimization solutions for landside logistics, announced the acquisition of TEDIVO, a company recognized for its innovative suite of software to visualize and streamline vessel operations at marine terminals. This acquisition aims to strengthen Lynxis' digitalization offerings for the global maritime industry, empowering shipping lines and terminal operators to reduce vessel
Connectivity increases benefit major ports: Sea-Intelligence's report United Nations Conference on Trade and Development (UNCTAD) releases a quarterly Port Liner Shipping Connectivity Index (PLSCI), giving ports an index-based liner connectivity score. The following Figure 1 shows a tiered list of ports that are in the top-100 most-connected ports, while the Figure 2 shows a tiered list of ports that are in the bottom-100 for each quarter across 2006-2024. Source:
Does Indonesia's Entry into BRICS Bloc Reshape Shipping in Southeast Asia? Indonesia's entry into BRICS as a full member, alongside Thailand and Malaysia as partner countries, introduces several geopolitical shifts that could influence the shipping sector in Southeast Asia. With Indonesia, Southeast Asia now has a significant voice within BRICS. This could lead to more tailored policies that consider the specific maritime and shipping needs of the region, potentially in
Maersk revises Gambia peak season surcharge Danish ocean carrier Maersk is revising the peak season surcharge from several countries around the world to Gambia. Effective from 24 January, the tariff amounts are detailed as follows: Origin Destination ALL 20 ALL 40 ALL 45 Argentina/ Bahrain/ Bangladesh/ Belgium/ Brazil/ Bulgaria/ Canada/ Chile/ Colombia/ Croatia/ Czech Republic/ Denmark/ Egypt/ Estonia/ France/ Germany/ Greece/ Honduras/ Hu
ICTSI Croatia welcomes CMA CGM's recently launched service Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.'s (ICTSI) business unit at the Port of Rijeka in Croatia, has been added to the port rotation of the recently launched Bora Med service (BMS) by CMA CGM Short Sea Lines. The new service, which commenced on 23 December in Antalya, establishes a link between Türkiye, the Adriatic region and the Eastern Mediterr
ONE, HMM introduce new service to connect Far East with South America Singapore-headquartered box carrier Ocean Network Express (ONE) and South Korea's flagship container line HMM will launch a new service connecting key ports in the Far East with major hubs on the East Coast of South America. ONE refers to the service as the East Coast South America Express 2 (SX2), while HMM has branded it as the Far East Asia-East Latin America (FL2) service. The new service is
CMA CGM launches new feeder service linking Bulgarian ports with Turkey French ocean carrier CMA CGM will launch its new feeder service, dedicated to the Bulgarian market, on 22 January. The new weekly service, operated by a 700 TEU boxship, will connect Bulgarian ports with Turkish hubs. The rotation of the IAX1 service will be Izmit (Turkey) - Ambarli (Turkey) - Burgas (Bulgaria) - Varna (Bulgaria) - Izmit. If you liked this post, please consider donating The post
HMM ship recharging CO2 supply after fire incident One of HMM's container ships, HMM Tacoma, has been anchored in South African waters for the last two weeks after a fire broke out in one of the container holds off Mozambique. Vessel-tracking data from S&P Global shows that the 2009-built, 6,350 TEU HMM Tacoma has been anchored around Ngqura in South Africa since 5 January. Container News was informed by HMM's spokesperson that smoke was detected
AM Green, DP World to jointly establish India as green molecules global hub AM Green, a green hydrogen and ammonia production company, has partnered with DP World to create a sustainable supply chain for green fuels and chemicals. This collaboration aims to enhance global decarbonisation efforts by enabling seamless exports to key consumption markets. Under the Memorandum of Understanding (MoU), signed in December, DP World and AM Green will jointly develop logistics and
FERNRIDE names new chief revenue officer FERNRIDE, a European autonomous trucking solution provider for port and yard logistics, announces the appointment of Guenter Schmidmeir as chief revenue officer (CRO), effective January 2025. Guenter Schmidmeir initially joined FERNRIDE as a Board Member in June 2024, providing industry advisory and strategic guidance. Now, as CRO, he will be responsible for guiding the company's commercial succe
Unifeeder triples intra-Med market share DP World's subsidiary Unifeeder achieved significant growth in the intra-Mediterranean trade sector in 2024, tripling its market share to 4.3%. According to global shipping industry analysts, Alphaliner, Unifeeder recorded the highest capacity growth of all carriers in the region, positioning it among the top six operators in the Mediterranean by deployed capacity. Unifeeder's fleet in the Medite
New CFO takes the helm at Port of Los Angeles amid leadership restructure The Port of Los Angeles has announced leadership changes aimed at enhancing operational efficiency and overall performance. The Californian port has appointed Jeffrey Strafford as its new chief financial officer (CFO). Strafford is a highly regarded, respected financial manager and long-time City of Los Angeles employee, and will oversee a wide range of the Port's financial affairs, including the
PSA achieves historic milestone, surpassing 100 million TEUs in a year PSA International has achieved a new annual container handling record of 100.2 million TEUs across its global terminals. This Group achievement includes a historic milestone as PSA surpassed 100 million TEUs handled in a single year for the first time. PSA's flagship terminal in Singapore reported a record throughput of 40.9 million TEUs, representing a 5.5% growth, while PSA terminals outside Si
Best Online Class Help Services in 2025 - Genuine Reviews and Ratings Online Classes may seem to be a blessing for students with a full-time job or acquiring international qualifications, but still, it is as challenging as any traditional classroom but with different aspects. Navigating the journey of pursuing online academics is like an uphill battle when you have to face multiple deadlines and other life responsibilities altogether. If you are in the same positio
Brazil pioneers technology integration in maritime operations South America is about to play an important role in global maritime trade, with regional players starting to emerge as the trade routes via the Pacific Ocean gain more traffic. In this context, pivotal countries, such as Brazil, Chile and Panama, are going to play a crucial role, with supra-system players, such as China, trying to penetrate these markets through critical infrastructure investment
Building a fair and resilient maritime industry Susanne Justesen, director of human sustainability at the Global Maritime Forum, writes for Splash today, delving into seafarer wellbeing. The global shipping industry faces a paradox: while it is the backbone of international trade, it lags in transparency and human sustainability standards. Amid growing environmental, social and governance (ESG) concerns, geopolitical uncertainty that directly
AD Ports readies boxship investments in Caspian region AD Ports Group has moved to expand its operations in the Caspian Sea region with two containership newbuilds. Noatum, the maritime and shipping arm of the Abu Dhabi-based ports and logistics giant, has signed a deal with Kazmortransflot, a subsidiary of Kazakh national oil company KazMunayGas, to build a pair of 500+ teu boxships specifically ...
Shuaa Capital lines up $300m for OSV business UAE-based asset management and investment banking firm Shuaa Capital has secured a financial boost for its marine offshore support vessel (OSV) segment. The Shuaa-managed fund has clinched a seven-year finance facility of up to $300m from National Bank of Fujairah (NBF) and The Arab Energy Fund (TAEF), formerly known as Apicorp, to support the growth ...
TFG Marine forms bunkering joint venture in Oman TFG Marine, Trafigura's bunker fuel supply business with John Fredriksen's Frontline and Golden Ocean Group has established a joint venture with Oman Oil Marketing Company (OOMCO). The TFG-OOMCO jv will supply bunkers to vessels visiting Oman's ports of Duqm, Muscat and Sohar. The deal follows the signing of an MOU agreement between Sohar Port and ...
Product tanker segment to see highest number of newbuild deliveries since 2009 Deliveries of newbuild product tankers will reach their highest level since 2009 this year, according to international shipping organisation BIMCO. The 2025 will see about 12m dwt delivered, up 256% compared to last year's deliveries, and the second highest on record, chief shipping analyst at BIMCO Niels Rasmussen noted. The increase follows a surge in ...
Integrated Wind Solutions moves for Oslo uplisting Commissioning service operation vessel (CSOV) owner Integrated Wind Solutions (IWS) has moved for an uplisting on the Oslo Stock Exchange. The Awilco-backed outfit trades its shares on Euronext Growth Oslo and expects the switch to occur on or about February 3. In connection with the uplisting, IWS also plans to raise about NOK30m ($2.6m) through ...
Semisub drilling rig runs aground off Tunisia The 1988-built semisubmersible offshore drilling rig Ocean Valiant has run aground some 20 km west of Bizerte in Tunisia. The rig was being towed by the offshore supply vessel Maersk Tracer to Turkey where it is supposed to be scrapped, when the towline was broken due to severe weather. The towline couldn't be reattached and ...
Trump's offshore wind moratorium details revealed Details of the six-month moratorium on offshore wind being prepared by the transition team of president-elect Trump have come to light with some extremely damaging for the industry if they come to pass. Trump, whose inauguration is set for Monday, January 20, already stated that the US will have a policy "where no windmills are ...
Geneva Dry Dialogues: Range Shipping The impending Trump 2.0 era is something being discussed at shipping boardrooms across the world, and is set to be a theme on stage at April's Geneva Dry, the world's premier commodities shipping event. In attendance, along with more than 100 other shipowners, will be Burak Akdemir, managing director of Range Shipping, a privately owned shipping ...
Chinese anchor-like device to cut cables makes headlines China has been pushed even more into the centre of cable-cutting incidents around the world after it emerged that a team of engineers at Lishui University developed a "dragging type submarine cable-cutting device" back in 2020. According to Newsweek's review of Chinese-language patent applications, engineers in China invented devices to sever such cables using anchor-like ...
Ocean Alliance set to be largest grouping in 2025's new container line-up In a fortnight, liner shipping will go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. The only grouping remaining intact come February 1, the Ocean Alliance, made up of COSCO, OOCL, CMA CGM and Evergreen, will also be the one with the largest market ...
Shipper complaints stack up at the Federal Maritime Commission Shipper complaints continue to stack up at the Federal Maritime Commission (FMC) with liners potentially on the hook for more than $75m from the latest two cases filed. Nielsen & Bainbridge, a home décor supplier from Texas, has filed a complaint against Ocean Network Express (ONE), OOCL, Evergreen and Yang Ming accusing them of systematically ...
Shipping waits to see Houthi response to Gaza ceasefire deal Israel and Hamas have agreed on a Gaza ceasefire and hostage release deal following 15 months of war with the shipping industry now looking towards the Houthis of Yemen to see if they will stop targeting merchant ships and bring an end to the Red Sea shipping crisis. The six-week phase one of the ceasefire ...
Venezuela detains US-sanctioned chemical tanker Venezuelan authorities have detained a US-sanctioned chemical tanker called Four Plus that has been falsely flying the flag of Guyana. The ship was detained as
Tanker stocks sink as sanctions-fuelled rally loses steam Middle East Gulf-China forward freight agreements for VLCCs declined by 6% on Thursday, and tanker stock investors are becoming less...
Trafigura carries first co-load of ammonia and LPG from US to Europe Trafigura and ammonia maker CF Industries said they can lower costs and reduce emissions by co-loading ammonia and LPG on...
No imminent return to Red Sea for shipping despite Gaza ceasefire A ceasefire deal in Gaza has not altered the current threat assessment for shipping in the Red Sea and shipping...
BDI down for third day running after mini-recovery The panamax and supramax segments continue their poor runs, but a recent drop in the capesize index has dragged the...
Bollinger Shipyards agrees $1m settlement to resolve alleged violations of False Claims Act Bollinger Shipyards has agreed to pay $1m to resolve allegations that it billed the US Coast Guard for labour done...
Shipowners need to prove causal link before invoking force majeure, WFW warns Future cases could hinge on whether courts deem consequence of climate change or tariffs imposed by politicians elected on pro-tariff...
Alexandratos succeeds Pateras as Hellenic Chamber of Shipping president George Pateras abruptly resigned from the shipping chamber after nine years as president
War risk underwriters awaiting definitive Houthi stance on Gaza ceasefire Brokers confirm pricing is shading down, but matters could take 'weeks and months' to pan out
Biofuels gaining ground but price and scarcity a risk Biofuels are expected to gain in popularity driven by emissions regulations, but shipping will struggle to find enough of them...
Singapore breaks bunker sales record Singapore registered a good year all around in 2024, breaking the 40m teu mark for the first time, as well...
Australia reclaims share of record Chinese coal imports The world's biggest coal importer broke its own record in 2024, with 542.7m tonnes of coal flowing into China
South Korea labour ministry holds emergency talks with shipbuilding executives following another fatality With a total of 20 deaths recorded at South Korean shipyards in 2024, the government is now urging major builders...
First sanctioned Russia-trading tanker enters Shandong port during exemption window Panama-flagged Mermar is the first Ofac-designated tanker to have been allowed to dock at a port in Shandong since the...
The Daily View: Sovereign failings Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
US beefs up Russia bans with 'mandatory' secondary sanctions The US is ramping up the pressure on Russia with secondary sanctions on almost 100 previously sanctioned entities, increasing the...
Daily Briefing Eagle S owners could abandon tanker, lawyer says | What Pentagon's new Chinese military designations mean for Cosco | Russian...
China's 'predatory' maritime policies threaten global trade: White House A new report from the Biden administration alleges that Beijing has a poor compliance record with the WTO, practices duplicitous trade policies that give the country unfair advantages, and operates with an overall lack of transparency.
Global reefer market set to soar amid disruption, strong demand The question is not whether the market will be strong in the first quarter, but rather how high rates will climb, writes analyst Richard Bright.
Carriers bolster intra-Asia networks amid uncertain rate, demand outlook The moves by Hapag-Lloyd and CMA CGM come amid uncertainty about the outlook for the intra-Asia trade, with one analyst suggesting a possible rate war could see prices in the region tumble if there is no summer peak season.
Return to Suez not a certainty even after Israel-Hamas ceasefire: analysts The peace deal in Gaza is highlighting the capacity overhang facing container shipping once vessels absorbed by the longer voyages around southern Africa
Sinokor linked to five-year Greek VLCC charters as Trafigura tie-up chat emerges South Korean owner taking term cover as spot rates spike
Houston bunker fuel costs surge to six-month high amid oil price gains US crude inventories rise to highest level since 2022 and fuel av
'Hunter not the hunted': Scorpio reflects on strategy behind record-setting Oslo bond raise Product tanker giant scored lowest interest spread in history of Nordic US dollar bonds
Shipper DHL braces for disruption from liner alliance shakeout Spread the risk through long and spot contracts with different carriers and alliances, forwarder says
Tor Olav Troim-backed Macaw Energies produces first flare gas in US pilot Business fires up in Texas 'to turn wasted gas into energy'
Scorpio Tankers scores low interest margin on $200m bond issue Products giant is replacing existing bond maturing in June and funding general corporate purposes
Rio Tinto iron ore volumes dip on lower Chinese demand in final quarter Fewer shipments are hindering capesize bulker market recovery
Israel-Hamas ceasefire 'a first step' toward Red Sea reopening. 'What the Houthis do is another thing' Shipping not rushing back to Red Sea even as impetus for attacks vanishes
NYK and MOL in the dock as £100m UK car carrier trial begins Class action over price-fixing starts with two defendants after earlier settlements
Sanctions, conflicts and sweet spots: How the 'Trump effect' could shape shipping stocks Leading shipping analysts assess the impact of the incoming US president
Tanker rates more than triple from Russia to China as US sanctions hike profit US sanctions on tankers importing Espo crude are hitting buyers in the pocket
US and China on brink of trade war, World Economic Forum fears Top economists predict tariffs and tensions will define global trade over the next 12 months
John Fredriksen and Trafigura fuel company targets Oman with new joint venture TFG Marine enters tie-up with Oman Oil Marketing Co for operations in three ports
A shipping czar, China and maritime powerplays: Mapping Donald Trump's first 100 days Key appointments and an avalanche of executive orders are expected in the early days of the new US government
Hapag-Lloyd takes $1bn hit as European shares hammered by Gaza ceasefire news Most shipping companies lose value as investors take stock of situation in Middle East
Pacific Carriers, ABS and PaxOcean to work on EET retrofits Kuok-controlled shipowner looks set to upgrade existing fleet through retrofits
Tankers International expects significant VLCC recovery this year as fundamentals align China remains the key in terms of crude demand and sourcing, research head Mette Frederiksen says
Greek shipowner hangs for sale sign over bulker fleet Chronos Shipping began circulating the vessels before Christmas
Big boost for crude tankers as Kazakh exports set to rise from Russian terminal Aframaxes and suezmaxes stand to benefit as maintenance is completed at Tengiz field
Hapag-Lloyd takes $1bn hit as European stocks hammered by Gaza ceasefire news Most shipping companies lose value as investors take stock of situation in Middle East
'Risk is growing': Shipping's top regulator warns of rising shadow fleet safety threat Arsenio Dominguez reminds flag states of their responsibilities as dark fleet operators look to light-touch registries
'Naive' to make quick Red Sea return after Gaza ceasefire, Frontline chief executive warns Comments by Lars Barstad reflect scepticism in shipping circles about improved safety conditions off Yemen
Product tanker deliveries set to hit 16-year high as demand wanes Handovers will reach second-highest level on record this year, Bimco says
Shipowners 'naive' to make quick Red Sea return after Gaza ceasefire, Frontline chief executive warns Comments by Lars Barstad reflect scepticism in shipping circles about improved safety conditions off Yemen
Why big buys, not a merger, make 'perfect sense' for Lloyd's Register CEO Nick Brown Class society has refocused on maritime but is only half the size of a decade ago. Will its renewed specialism pay off?
Awilco-backed IWS moving to main Oslo board as it launches share offer Offshore owner aiming to broaden its investor base as it takes delivery of new CSOVs
SpaceX launch gives Norway a new tool to track shipping in the Arctic Part of SpaceX payload carrying satellites designed to monitor the Arctic even during periods of darkness
Disputed zone: Shipping tensions set to rise in the South China Sea hot spot Security firm Dryad Global says cyber attacks and naval harassment set to increase
Tanker buyers still bidding low as HMM linked to sale of product pair South Korean owner said to have offloaded two older product carriers in weaker secondhand market
Hapag-Lloyd fleet reaches record 300-ship milestone German liner company reveals it has taken two container ship newbuilds on charter from Reederei Nord
Pacific Carriers, ABS and PaxOcean to together work on EETs retrofits Kuok-controlled shipowner looks set to upgrade existing fleet through retrofits
Zhejiang Zheshang Financial orders ultramax bulkers at Jiangsu Soho Chuangke Chinese leasing company has ordered two newbuildings against charter contracts from Zhejiang Shipping
£30m up for grabs as UK government urges maritime tech firms to innovate Funding is the sixth round of the Clean Maritime Demonstration Competition and brings total support to nearly £160m
CMA CGM floats fresh enquiry with Chinese yards for series of LNG dual-fuelled container ships Liner giant's newbuilding spend at HD Hyundai yards set to hit $5.5bn as it doubles up order
Emirates leases additional Boeing 747 freighters to meet shipper demand Emirates SkyCargo has hired startup Compass Cargo Airlines to operate two Boeing 747-400 freighters in its global freight network.
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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