Everett Ship Repair acquires Puget Sound's largest dry dock Everett Ship Repair LLC (ESR), Everett, Wash., has just announced the acquisition of the floating dry dock, Hercules. The dry dock was towed from San Diego (where it previously operated as the
Eastern Shipbuilding supports HII's "distributed shipbuilding" program As we reported earlier, HII (NYSE: HII) is partnering with shipyards and fabricators in multiple states to grow its throughput and meet the increased demand for ships by the U.S. Navy. One
Climeon wins HeatPower deal for newbuild boxship Climeon has secured an order from Jiangsu New Yangzi Shipbuilding for its HeatPower 300 system. The system will be installed on a 13,000 TEU methanol dual-fuel container ship, scheduled for delivery in 2027. This is the first vessel in a new series for a major Asian shipowner. The ships are designed with multiple energy-saving features, and HeatPower will help cut fuel use and boost efficiency
CORE POWER backs U.S.-UK nuclear push CORE POWER has welcomed a new U.S.-UK agreement to speed up nuclear reactor licensing and boost maritime decarbonization efforts. The two governments announced plans to cut reactor licensing times from up to four years to just two. They also pledged closer cooperation on site licensing for new projects. At the same time, the UK committed £448 million to reduce emissions from domestic shipping. CO
bound4blue secures LR validation for Pwind Calculation bound4blue has received Lloyd's Register (LR) validation for its wind propulsion system force matrix methodology. The approach calculates Pwind, the propulsive power from wind-assisted propulsion systems, in line with IMO guidance. This step gives shipowners a trusted way to calculate Pwind without full-scale testing, cutting time and cost. It also unlocks benefits under FuelEU Maritime and helps
ABB to power Singapore's first floating LNG terminal ABB will supply the full electric power and propulsion system for Singapore's first floating storage and regasification unit (FSRU). The contract was awarded by South Korean shipbuilder Hanwha Ocean and continues a long-running collaboration between the two companies. The FSRU will include ABB's medium-voltage generator, 6.6kV switchboards, propulsion motor, transformer, and drive. ABB will also
Red Sea crisis reshapes African port hierarchy Houthis attacks force permanent shipping route changes, creating clear winners and losers among East African ports. Eighteen months after Houthis rebels began attacking commercial vessels in the Red Sea, a dramatic reshuffling of African port fortunes has emerged, with some facilities posting explosive growth while others struggle with declining traffic and political instability
ICTSI enhances MICT capacity with green cranes International Container Terminal Services has deployed eight hybrid rubber-tired gantries at its flagship Manila International Container Terminal, expanding operational capacity, enhancing efficiency, and advancing environmental sustainability objectives. Manufactured by Japan's Mitsui Engineering and Shipbuilding, the RTGs incorporate an 80kW lithium-ion power system combined with a 100kW engine
Yang Ming expands green fleet with LNG vessels Yang Ming Marine Transport Corporation has signed a contract with Hanwha Ocean for seven 16,000 TEU LNG dual-fuel container vessels. The deal was finalized by Yang Ming Chairman Chuck Tsai and Hanwha Ocean CEO Charles Kim. Deliveries are scheduled between 2028 and 2029. Each vessel will have a capacity of 15,880 TEU and be the first in Taiwan to feature Ammonia Fuel Ready (AFR) Level 1C specifica
WCI Falls 3% as Asia-Europe rates drop According to Japan International Freight Forwarders Association (JIFFA), Drewry's World Container Index (WCI) fell 3% last week to US$2,044 per FEU, marking the 13th straight weekly decline. Rates are now 51% lower than a year ago. Trans-Pacific lanes moved higher. Rates from Shanghai to Los Angeles rose 6% to US$2,678 per FEU, and Shanghai to New York climbed 2% to US$3,743 per FEU. Drewry said
GEODIS creates AI Department, names new CFO GEODIS has created a new department dedicated to artificial intelligence as part of its innovation strategy. David-Olivier Tarac has been appointed Executive Vice President of Artificial Intelligence and will lead the new unit. Tarac joined GEODIS in 2022 and became Group CFO in 2023. Carole Besnard will replace him as Group Chief Financial Officer. Besnard has been Deputy CFO since 2018 and has
Port of Chancay welcomes largest RoRo vessel in its history The Port of Chancay has reached a new milestone with the arrival of the LIAO HE KOU, the largest RoRo (Roll-on/Roll-off) vessel ever to call at the port. During a carefully planned, efficient, and safe operation, the vessel successfully unloaded more than 1,700 vehicles. This landmark operation highlights the Port of Chancay's ability to manage increasingly complex and high-volume cargo activitie
How Ukrainian strikes may further disrupt Black Sea and Baltic shipping? Ukrainian drone strikes on Russian energy infrastructure have escalated dramatically in 2024-2025, creating significant disruptions to global shipping operations and elevating risks of environmental catastrophe in critical maritime corridors. The September 12, 2025 attack on Primorsk, Russia's largest oil-loading port on the Baltic Sea, represents a watershed moment in this campaign, demonstratin
Port of Long Beach sees strong August The Port of Long Beach reached its second-busiest August on record and marked the sixth-busiest month in its 114-year history. Retailers are receiving shipments purchased during a recent pause in tariffs, boosting the start of the peak shipping season. Dockworkers and terminal operators handled 901,846 twenty-foot equivalent units (TEUs) in August. This was slightly lower than last year, down 1.3
WR Logistics appoints Yang Jung Min as Head of Asia WR Logistics has named Yang Jung Min as Head of Asia and Regional Director, strengthening its leadership team and commitment to the Korean and Asian markets. Based in Seoul, Yang will oversee operations across Korea and Asia, focusing on project delivery, customer engagement, and market growth in key sectors including oil and gas, energy, manufacturing, and engineering. He will also work to deepe
H2C and Lloyd's Register accelerate green shipping H2C, the global platform for low-carbon fuel attributes, has partnered with Lloyd's Register (LR) to accelerate the adoption of clean maritime fuels such as biofuels, e-fuels, and green hydrogen derivatives. The collaboration aims to give stakeholders greater confidence in emissions claims, unlocking investment across complex maritime value chains. Under the partnership, LR will verify that Green
Indonesia's Sinar Mas interested in HMM's former LNG unit Indonesian conglomerate Sinar Mas could bid for South Korean liquefied gas shipping specialist Hyundai LNG Shipping. Sinar Mas, founded by Indonesian-Chinese tycoon Eka Tjipta Widjaja in 1938, is one of Indonesia's major corporations and its many subsidiaries include PT Asia Pulp & Paper and PT Golden Energy Mines Tbk. According to investment banking (IB) industry sources, Sinar Mas has started r
COSCO SHIPPING Ports posts throughput growth in August COSCO SHIPPING Ports Limited (CSPL) reported a 4.2% year-on-year rise in total container throughput in August 2025, excluding QPI and CTT. Terminals in China's Southwest region led growth with a 12.4% increase, followed by the Pearl River Delta with 4.9%. Overseas terminals grew 7.7%, with CSP Zeebrugge Terminal surging 32.8% year-on-year. Throughput at subsidiaries fell 1.5%, while non-subsidiar
PSA Singapore and COSCO partner through distribution facilities in Singapore PSA Singapore and Goldlead Supply Chain Development of COSCO have executed a Memorandum of Understanding to examine collaboration opportunities for dedicated warehouse and logistics capabilities within the forthcoming PSA Supply Chain Hub Tuas in Singapore. Strategically positioned within the same Free Trade Zone as Tuas Port, PSCH represents a cutting-edge complex integrating container freight s
CMA CGM sets world record with largest yacht shipment ever carried on one of its vessels CMA CGM has achieved a new milestone in Brisbane, Australia, as the CMA CGM ABU DHABI successfully loaded 15 yachts in a single operation, the largest yacht shipment ever carried on one of the Group's vessels. This exceptional breakbulk operation was made possible through a unique combination of loading techniques, with yachts handled both directly from the quay and from the sea. The seamless exe
World Shipping Council launches AI-powered cargo safety program The World Shipping Council (WSC) announced the launch of its AI-powered Cargo Safety Program, an industry-first initiative designed to detect misdeclared and undeclared dangerous goods in order to prevent ship fires, protect crews, safeguard vessels, secure customers' cargo, and preserve the marine environment. The program combines artificial intelligence-driven cargo screening with common inspec
First commercial vessel and trucks commencement at Rijeka Gateway Rijeka Gateway has initiated full operations through two significant milestones: the arrival of its inaugural commercial vessel, Al Jasrah, and the entry of its first truck during the previous week. These events collectively signify the transition from testing phases to operational readiness, validated by Occupancy Permit approval. The terminal constitutes Croatia's largest private logistics inve
Gulftainer introduces Integrated Logistics Complex Gulftainer has introduced "K-Flow", a new scalable integrated logistics complex within Khorfakkan Commercial Terminal's bonded area. Operating through collaboration with Khorfakkan Customs, "K-Flow" delivers customized supply chain solutions, warehousing and cold storage capabilities, distribution services, and container freight station operations. The facility provides a complete service portfol
Shipowners warned of PSC crackdown Shipowners are being urged to prepare for intensified Port State Control (PSC) inspections following the launch of a Concentrated Inspection Campaign (CIC) on Ballast Water Management (BWM) on 1 September 2025. The campaign, led by the Paris and Tokyo MoUs and running through November, uses a ten-point checklist to verify that vessels meet the Ballast Water Convention's requirements. It is the mo
EcoNavis and ShipDyn team up Glasgow-based EcoNavis Solutions and Singapore's ShipDyn are collaborating to commercialize an innovative Y-Hull form that merges the stability of a catamaran with the efficiency of a monohull. The design features twin forward demi-hulls that merge into a single hull aft, allowing vessels to operate with one engine while retaining broad beam and deck space. The partners say the Y-Hull offers impr
Race for ZIM tipped to widen ZIM Integrated Shipping Services has hired Wall Street advisory house Evercore to trawl for alternative buyers, as early signals from CEO Eli Glickman and long-time shipping investor Rami Unger have failed to satisfy the board's valuation expectations. According to Israeli financial title Calcalist, Glickman and Unger are exploring a take-private transaction for the Haifa-headquartered liner. ...
ABS boss urges 'timeout' on IMO climate push With 28 days to go until the vital extraordinary session of the Marine Environment Protection Committee (MEPC) convenes at the London headquarters of the International Maritime Organization (IMO), the battle lines have been drawn sharply. In a surprise intervention, Christopher Wiernicki, the departing chairman and CEO of ABS, the third largest shipping classification society in ...
Norwegian authorities confirm two applications in floating wind tender Norwegian authorities have received two applications for floating wind projects in the Utsira Nord area. The first application is from the partnership of Equinor and Vårgrønn, while the second came from Harald Hårfagre, a consortium consisting of Deep Wind Offshore and EDF Renewables. The Norwegian Ministry of Energy launched the competition for the allocation of ...
BP picks Gate Energy for Kaskida FPU commissioning Houston-based oil and gas engineering firm Gate Energy has been selected to provide commissioning services for BP's Kaskida FPU. Gate Energy's scope includes static and dynamic commissioning, systems completion management, and interface coordination. The project will be done in close collaboration with Seatrium, the EPC solutions provider for the project. This award builds on Gate's ...
Australian state pushes back offshore wind auction The Australian state of Victoria has pushed back the upcoming offshore wind auction in Gippsland. The offshore wind auction was meant to be held this month. However, the state government has opted to delay it until at least the end of the year. Offshore wind developers will use the auction to bid for government support ...
ADES makes improved offer for Shelf Drilling Saudi oil and gas driller ADES has made an improved offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling. ADES and Shelf Drilling agreed on revised terms of the proposed merger whereby the cash consideration is increased to NOK 18.50 ($1.89) per share. This revised cash consideration has received irrevocable pre-commitments, with ...
Jumbo Offshore and InterMoor form offshore mooring alliance InterMoor, an Acteon brand, and Jumbo Offshore have entered into a strategic alliance aimed at jointly delivering fully integrated project management, engineering, transport, and installation services to the offshore oil and gas as well as floating wind sectors. By uniting strengths, the alliance offers a streamlined, end-to-end solution across the offshore mooring lifecycle. The alliance ...
Erasmus Shipinvest makes capesize debut Erasmus Shipinvest Group has moved into the capesize segment, picking up its largest ship to date. Brokers reported in late August that undisclosed Greek interests had paid $26.2m for the Frontier Bonanza, a 179,000 dwt capesize built in 2010 at Hyundai Heavy Industries. Market sources have since linked the deal to John Su's Erasmus. Founded ...
COSCO splashes out in Shenzhen and Singapore with twin logistics bets China's largest containerline is doubling down on logistics at home and abroad, unveiling fresh investments in both the Pearl River Delta and Singapore's Tuas megaport. On September 15, COSCO Container (Hong Kong), a wholly-owned arm of COSCO Shipping Holdings, signed a joint venture agreement with COSCO Shipping Logistics (Guangzhou), Shenzhen Port Logistics Group, and CCCC ...
Beirut blast shipowner arrested in Bulgaria five years after port tragedy Bulgarian authorities have arrested Igor Grechushkin, the Russian owner of the cargo ship tied to the 2,750 tonnes of ammonium nitrate that caused the catastrophic Beirut port explosion in August 2020, Lebanese judicial officials confirmed yesterday. Grechushkin, who also holds Cypriot citizenship, was detained at Sofia's Vasil Levski airport last week after arriving on a ...
Why smart investment beats early experimentation Gian Enzo Duci, managing director of Oceanly, discusses how to buy into maritime tech. Shipping has always been a costs-driven business. The winners aren't those who spend the most, but those who spend wisely. In a market defined by thin margins and brief profit spikes, timing is everything. For shipowners, this tension is nothing new. ...
Israel strikes Hodeidah port IDF warplanes struck Houthi-held Hodeidah shortly after warning of an upcoming attack on the port
The LISW Daily: Nukes, London vibes and why shipping doesn't like sharing The Lloyd's List team bring you highlights from every day at London International Shipping Week in bonus podcast episodes, published...
Geopolitical turmoil spawns rising maritime legal disputes Geopolitical disputes are bringing to the surface complex contractual battles over trade tariffs, security risks at sea, and the mounting...
IMO's decarbonisation framework is 'destined to be a regional measure' US opposition to Net-Zero Framework has undermined the basis of the compromise agreement and compounds 'fundamental flaws' in the regulation...
IMO can't fight fake flagging alone, says Dominguez IMO secretary-general calls for unified effort to stem the tide of rising fraudulent ship registries, with the UN agency faced...
Mainstream shipowners circumventing Iran sanctions, barrister claims Western rules forcing creation of legal capacity in alternative jurisdictions, said Akoni
Green coalition urges IMO states to vote yes as unity on NZF strains The Global Maritime Forum has urged states to keep their resolve and negotiate to fix problems with its landmark Net-Zero...
Wiernicki calls for IMO 'timeout' to rebuild Net-Zero Framework ABS chairman and chief executive urges systematic rethink of decarbonisation strategy amid widening gaps in fuel readiness, infrastructure and regulatory...
Boxship charter market holds steady amid growing eco-tonnage demand Most activity is in smaller feederships, with big players like CMA CGM actively extending charters
HD Hyundai Heavy Industries faces protracted strike Weekend work has been halted since the union leader mounted a turnover crane last week to stage a protest. The...
BigLift and CY Shipping turn to China again for two vessels BigLift and CY Shipping expand their joint fleet with two new BC-class vessels, reinforcing their heavy transport capabilities
The Daily View: Resilience pays off
Daily Briefing Sanctions and renewed conflict threats put geopolitics 'back in driver's seat' for tankers | Russia sanctions risk undermining future of...
US tariffs to keep Panama Canal transits below capacity in 2026: ACP The waterway has the capacity to handle 36 daily transits, but ACP Administrator Ricaurte Vásquez Morales told a media briefing the average is projected to land at only 33 next year.
Chinese tonnage moving out of US container trade ahead of new fees: Xeneta Outside of Cosco and OOCL, the new port fees will likely be a non-event for ocean carriers that have spent the summer rerouting Chinese ships away from the US.
Moving beyond the 'waste' inherent in 'essential' container shipping If suppliers, producers and distributors could eliminate some or most transportation moves, including container shipping, they would, writes John McCauley.
Shipping decarbonization stalled by weak demand, investment shortfall: reports Research reports published to coincide with London International Shipping Week say although progress is being made towards decarbonization in shipping, there are growing concerns the sector is falling behind in efforts to reduce its carbon footprint.
Broker GOL succeeds in fighting off Seacor Marine lawsuit over Cox bankruptcy Judge rules that offshore vessel owner is not entitled to any of GOL's funds
LNG industry estimated to be in deficit by around 300 vessels by end of decade Capital Clean Energy Carriers vice president points to requirements incoming supply wave will generate
Is the party over for seaborne coal? Bulker companies' opinions are divided Brokers, operators and shipowners have differing opinions on if or when a coal revival will kick in
Greek shipowner Nikolas Tsakos praises Trump's plan to axe quarterly earnings demands President's approach is welcome news, says long-term New York Stock Exchange resident
Shipping off track to achieve 2030 net-zero target Low demand and poor financing are key roadblocks to hit emissions goals
Greek owner EuroDry clears out older ship to raise cash for fresh purchases Aristides Pittas-led outfit sheds yet vintage vessel
LR tankers tipped to struggle as more crude on water not expected to raise product exports Refinery maintenance will hurt product exports as the year winds down, BRS Shipbrokers says
Yang Ming hedges fuel bets, adding ammonia features to LNG dual-fuel newbuildings Taiwanese liner company unveils details of Hanwha order for seven big container ships
Oaktree shipping investment adviser explains how to get a cheque from the private equity giant Meerbaum Capital Solutions boss discusses factors at play in investment decisions
Long-range tankers tipped to struggle as more crude on water not expected to raise product exports Refinery maintenance will hurt product exports as the year winds down, BRS Shipbrokers argues
Trump policies fail to dent appetite for Chinese newbuildings Technical quality of China-built vessels has improved dramatically and legal risk is manageable, panel said
'LNG heavily penalised' in IMO's decarbonisation plans, says ABS boss Chris Wiernicki Comment adds to voices calling for regulators to rethink LNG as a transition fuel
'Investing on quicksand': Owners call for rules clarity as decarbonisation deadline looms Multiple fuel rules for different jurisdictions are causing headaches for owners
Evangelos Marinakis-backed Capital Maritime lines up next batch of LNG carrier newbuildings Greek owner remains in discussion with two South Korean shipbuilders
Chinese supplier seizes tanker in India for unpaid invoices Heidmar said the Lady Yasso, while under its commercial management, is not operated in its pools
Star Bulk stockpiles cash 'for better use' as it stays away from 'happy' shipyards Bulker market consolidator is selling ships to swell its coffers, with orders off the table
Sanctioned tanker unloads cargo ahead of Indian port ban India's Adani Group has banned blacklisted tankers, which will prevent future calls at its ports
Martin Stopford: Here's my vision for the future of shipping Veteran analyst believes the future will be less about ships, and more about cargo
Stopford: Here's my vision for the future of shipping Veteran analyst believes the future will be less about ships, and more about cargo
Arsenio Dominguez confident of IMO carbon vote success in October Still scope to look at LNG fuel once the rules are adopted, IMO boss says
Greek-Norwegian bulker sale shows rising values amid brisk freight rates Deal for vessel co-owned by Diana Shipping reflects a surge in earnings for midsize bulkers
Russia's Yamal LNG exports fall in first eight months of 2025 Biggest drop seen in August, Centre for High North Logistics says, chiming with anticipated maintenance
Potential Zim takeover has 'plenty of downside' as Fearnleys questions offer timing Analysts see cash burn from fourth quarter
ITF workers strike over planned job losses Unions say plans will cut quarter of workforce at London-headquartered seafarers' union
'Steaming hot' bulker stocks to thrive as new volumes hit market, says Arctic Analyst gives top dry bulk pick
Cosco Shipping's ventures turn to logistics in bid to secure supply chain Shipping giant secures warehousing JVs in Yantian port and Singapore
Top Clarksons executive Jeff Woyda to retire from world's largest shipbroker after nearly two decades CFO and COO was a key aide to chief executive Andi Case and chaired the company's charitable division
Hunter chief cashes in shares as stock spikes on VLCC rate surge Bullish market drives jump
London warning: History alone will not secure the UK capital's place in shipping's new world order V.Group chief says it's up to the UK government to keep London competitive for shipping
Greeks close to rare secondhand acquisition of wind-assisted bulk carrier Tufton said to be selling vessel with Anemoi wind propulsion technology on board
Cosco Shipping's ventures turn to logistics in bid to secure supply chain Shipping giant secures warehousing JVs in Yantian port and Singapore
Tanker under Heidmar commercial management arrested in India Chinese spare parts supplier claims Dubai-based technical manager of the Lady Yasso did not pay its bills
MOL sets sights on 150 LNG carriers with record newbuilding programme But the Japanese shipowning giant is also forging ahead on FSRUs and its planned break into FLNG units
FedEx opens dedicated freight facility at UK airport FedEx has moved its airfreight shipping operation at East Midlands Airport to a dedicated facility, away from the parcel processing area.
DHL's $94M Barcelona air hub boosts parcel capacity DHL Express continues to invest in modernizing airport cargo terminals. The latest upgrade is at Barcelona airport.
'TikTok' of rising ocean rates as China prospects improve Ocean rates climb as a deal for social media's TikTok heralded an upbeat outlook for China-U.S. trade relations.
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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