Shadow fleet tanker Adalynn ablaze in Strait of Hormuz after collision with Front Eagle Multiple images have emerged on social media showing the tanker Adalynn ablaze off Fujairah after being in a collision early this morning after being in a collision with the Frontline tanker Front
Mumbai's JalVimana places 11-vessel order for Candela foiling ferries Mumbai, India-based JalVimana has placed a landmark order with Sweden's Candela Technology AB that will see a fleet of 11 hydrofoiling Candela P-12 commuter ferries create new links across Mumbai's waterways. They
Port Newark Container Terminal completes solar project in colaboration with New York/New Jersey port The Port Authority of New York and New Jersey, Port Newark Container Terminal, and the City of Newark have jointly announced the completion of a landmark 7.2 megawatt solar energy system at PNCT. The solar system now supplies 50% of PNCT's annual energy demand, significantly reducing greenhouse gas emissions and improving local air quality. The installation has the capacity to feed surplus energy
Circle S.p.A. secures contract to advance digital interoperability in Italy's port system Circle S.p.A. has announced the signing of a new €200,000 contract aimed at enhancing the interoperability and digital transformation of Italy's national port system. The initiative focuses on developing and expanding the Extended Port Community System, an advanced digital platform that connects ports, inland terminals, transport operators, and public authorities in real time. The platform is des
Oman is trying to balance between mediation and shipping operations' development Oman's shipping operations are evolving dynamically in 2025, capitalizing on its strategic location, neutrality, and infrastructure investments to navigate growing Middle East tensions. Oman seems that demonstrate strategic adaptation, not only due to the fact it acts as a mediator between Iran and the US, but also in the shipping operations is trying to counter these challenges through strategic
When Boating Turns Risky: Understanding the Causes of Lake Accidents Lake adventures offer fun and relaxation, but they can also lead to dangerous situations. Incidents on the water may occur quickly and have severe outcomes for those involved. By examining the causes, drivers, and prevention tactics of lake accidents, individuals with a love for water activities can gain a better understanding of how to protect themselves and others. Factors Behind Lake Accidents
CMA CGM sets new FAK rates from Mediterranean to Jeddah and Khalifa CMA CGM has announced updated Freight All Kinds (FAK) rates, which will be effective from 1 July 2025 until further notice. The new tariffs apply to sailings from the main Mediterranean load regions, West Mediterranean, Black Sea, East Mediterranean and Adriatic to all base ports in the Middle East. For cargo bound for the port of Jeddah in Saudi Arabia, the FAK rates will be as follows: From Wes
Fire on Morning Midas extinguished, specialist tugs take over towing Visual scans now show there are no more flames on car carrier Morning Midas, which suffered a fire while sailing from China to Mexico. Ship owner Zodiac Maritime Agencies said on 16 June the scans were taken by salvage and firefighting specialists from salvor Resolve Marine and show the ship remains watertight
Beacon Report: Container backlogs persist in May 2025 The latest Beacon Port Performance Report highlights a growing concern over rising container dwell times across several global ports, particularly in North America, South America, and Europe, despite a reduction in the total number of ships handled compared to April. Key findings: Kingston (Jamaica) recorded the worst performance, with containers remaining in port for over 12 days, underscoring s
Prince Rupert port appoints new vice president of business development The Prince Rupert Port Authority has announced the appointment of Katherine Bamford as its new Vice President of Business Development. With more than 25 years of experience in business development, stakeholder engagement, and strategic innovation, Katherine Bamford is recognized for her expertise in strategic communications, integrated marketing, government relations, and brand management. During
Warnings as MSC's Hutch deal threatens competition Regulatory scrutiny of the MSC's acquisition of CK Hutchison's non-Chinese terminals must be thorough in each jurisdiction, with industry experts accepting that the carrier will need to offload some terminals in some parts of the world to meet anti-trust rules. The Switzerland-headquartered carrier has launched a $22.8 billion joint bid, with investment company Blackrock, for 43 terminals with 19
PSA Singapore and Hainan Harbor & Shipping partner to boost port connectivity PSA Singapore and Hainan Harbor & Shipping International Port, operator of Yangpu International Container Terminal, have signed a Memorandum of Understanding (MoU) to strengthen port-to-port connectivity and develop advanced logistics solutions. The partnership focuses on improving connectivity between Singapore, the world's largest transshipment hub operated by PSA, and Yangpu Port, the largest
Global port investments surge in 2025 amid shifting geopolitical tides In 2025, the global maritime industry witnessed a wave of transformative investments in port terminals and infrastructure, reshaping trade networks and reflecting broader geopolitical realignments. From Syria's war-torn coast to India's ambitious trade corridors, port investments totaling billions of dollars are not just about logistics they signal strategic power plays, economic recovery efforts
COSCO SHIPPING Ports maintains strong throughput growth in May COSCO SHIPPING Ports (CSP) recorded a throughput growth in May, rising by 3.6% year-over-year (YoY). The Chinese port and terminal operator handled 9.8 million TEUs during this month. The company's overseas terminals continued to show solid performance, posting a 10% year-on-year increase in throughput. Among them, CSP Zeebrugge stood out with a remarkable 138.9% YoY growth, while CSP Piraeus als
China's next logistics play: locking down Guinea's ore-to-ocean corridor Early June saw the discreet launch of Shunyu Shipping, a joint venture between state-owned trading powerhouse Xiamen Xiangyu and privately held Shunda Mining
Shortsea Shipping in Europe: Reality or Wishful Thinking? As Europe looks to decarbonize its freight sector, shortsea shipping (SSS) is often framed as a silver bullet, since it is cleaner, quieter, and potentially more cost-effective than road haulage. On paper, it seems like a logical solution: with around 70,000 kilometers of coastline and a dense network of ports, the European Union (EU) appears well-positioned to make greater use of maritime transp
Fujairah Terminals and Fujairah Free Zone Authority sign MoU Fujairah Terminals of AD Ports Group, has signed a Memorandum of Understanding with the Fujairah Free Zone Authority, aiming to further elevate Fujairah's standing in the global maritime industry. Key objectives of the MoU will include: enhancing Fujairah's appeal to international investors through collaborative efforts, promoting efficiency across logistics and trade services in the port and fre
ONE expands global fleet with new vessel Ocean Network Express has officially added ONE Singapore to its growing fleet, marking the sixth unit in a series of 20 next-generation, ammonia- and methanol-ready containerships. The naming ceremony was held at the Hiroshima Shipyard of Imabari Shipbuilding in Japan. The new vessels has a capacity of 13,900 TEU and it's methanol and ammonia-ready. ONE Singapore follows the successful delivery o
CMA CGM announces new FAK rates from Asia to North Europe CMA CGM has released updated Freight All Kinds rates effective from July 1, 2025, until further notice, but not beyond July 15, 2025. These rates apply to shipments on vessels departing from all Asian ports, including Japan, Southeast Asia, and Bangladesh to all North European ports, covering the full range from Portugal to Finland and Estonia, including the UK. The new FAK rates are set at US$2,
Performance Shipping charters out LR1 newbuild to Mercuria Nasdaq-listed Greek tanker owner and operator Performance Shipping has entered into a long-term time charter contract with Mercuria Energy Trading for a newbuilding LR1 tanker. Mercuria chartered the tanker for a firm period of four years, through early 2031, at a daily gross charter rate of $23,750. The vessel is the fourth tanker newbuild to ...
MOL, Petronas, and MISC launch liquefied CO2 shipping venture Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country's top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of LCO2 carriers, facilitating the transportation of LCO2 to designated ...
South Korea's top shipyard debuts its own sail device With wind-assist technology going mainstream, South Korea's largest shipbuilding group has debuted its only sail system. HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, has unveiled its Hi-Wing, a prototype of which has gone through land trials, and will shortly be tested at sea on an MR tanker belonging to HMM, ...
Crown Estate to invest $540m in UK's offshore wind supply chain The UK Crown Estate has revealed its proposal to invest up to £400m ($542.5m) of capital in the supply chain of the country's offshore wind sector. The Crown Estate, a collection of marine and land assets and holdings that belong to the monarch, has stated in its new Powering Offshore Wind publication that it would ...
India plans 4GW offshore wind energy tenders India has announced plans to launch an offshore wind energy tender totalling 4GW in Gujarat and Tamil Nadu. The country's minister for New and Renewable Energy, Pralhad Joshi, said that wind will play "a critical role" in achieving India's net-zero emissions target by 2070 and the goal of generating 50% of power capacity from non-fossil ...
Laden Frontline VLCC collides with shadow suezmax tanker off Khorfakkan A collision occurred at 1:14 am Dubai time overnight between two tankers, the Antigua Barbuda-flagged Adalynn suezmax, part of the shadow fleet, and the Liberian-flagged Front Eagle VLCC, near the Khorfakkan anchorage in the Gulf of Oman. The impact resulted in a fire aboard the Adalynn and prompted the swift evacuation of its entire crew. ...
Morocco to build Africa's first offshore wind farm Moroccan authorities have officially announced that the country will build its first offshore wind farm project, a first ever for Africa as well, off the coast of Essaouira. The 1,000MW capacity wind farm will be among the first investments funded by the Mediterranean Blue Partnership (MBP), a multi-donor fund supporting a sustainable blue economy in ...
Shanghai Minsheng books feeder duo at New Dayang Shanghai Minsheng Shipping has signed a deal with Chinese shipbuilder New Dayang for the construction of two feeder container vessels, each with a capacity of 1,100 teu. The vessels are scheduled for delivery in September and December of 2027, according to industry sources familiar with the deal. Newbuilding brokers estimate the price per vessel to ...
New container movement equipment released Norwegian equipment supplier Wee.no has launched ContainerWheels 2-in-1, a patented system designed to make container transport more flexible. The system allows for lifting and towing containers, slashing the need for heavy machinery or permanent infrastructure. ContainerWheels 2-in-1 consists of two galvanised modules and a front drawbar. Each module features dual solid wheels and a manual ...
EnerMech bags Gulf of Mexico decommissioning deal with ExxonMobil US supermajor ExxonMobil has hired EnerMech for flowline decommissioning of the Hoover-Diana fields in the Gulf of Mexico. Under the contract, won following a competitive tender, EnerMech will decommission subsea flowlines, and the scope will include flushing, pigging, and filling the lines to remove hydrocarbons and prepare for safe decommissioning. The operation will require multiple ...
Shipping needs its own whistleblowing system Captain Kuba Szymanski, secretary-general of InterManager, writes for Splash today. I think we have all seen the nature of news these days has changed a great deal in the past 20 years, with the dawn of the internet and the information revolution. Instead of the daily newspaper and news programming on a small number of ...
Agricore sells kamsarmax Chinese dry bulk heavyweight Agricore has divested one of its older assets, offloading the 14-year-old kamsarmax bulker ASL Venus in a move that underscores its ongoing strategy to modernize and upscale its fleet. According to multiple shipbroking sources, the 82,000 dwt vessel, built in 2011 at Tsuneishi Zhoushan, was sold for approximately $14.5m. This marks ...
K Line and Yinson Production partner to jointly develop liquefied CO2 carrier solutions K Line Energy Shipping (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha (K Line), and Yinson Production have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2. Under the memorandum of understanding (MoU), KLES and Yinson Production will jointly develop and market a floating storage and ...
Oil and shipping markets nervously eye potential disruption scenarios Shipping and oil brokers are nervously calculating the impact of 'what if' scenarios and how long they might impact the...
UK slaps fresh sanctions on 'shadow fleet' tankers and shipmanagers The UK government has imposed fresh sanctions on Russia, including 20 'shadow fleet' tankers and two shipmanagers
TEN eyes VLCCs to extend largest-ever growth spurt Greece-based owner already has suezmaxes, shuttle tankers and other types under construction
Marine war risk rates stable despite Israel-Iran fighting 'We currently consider the threat to the maritime domain to be unchanged but with a negative outlook,' says underwriter
'Simple good fortune' prevents even more fires at sea While the dangers of charcoal and lithium-ion batteries are becoming more familiar to the industry, the likes of seed cake...
US and South Korea call for reform of nuclear safety rules The US, South Korea and industry groups want the International Maritime Organization to update safety rules around nuclear-powered ships to...
EU plans to lower Russia oil price cap meet political headwinds Trump appears to be unconvinced by EU and UK calls for more action over Ukraine war, but even those EU...
Gard unveils internal restructuring Five new sector-specific 'syndicates' at world's largest marine insurer
Boxship charter rates sustain their strength despite freight rates downturn Braemar notes that boxship tonnage providers are increasingly holding out for higher rates, as charterers show a continued appetite for...
Globus 'positive' on dry bulk prospects despite 'seasonal' loss Greece-based owner confident in a more modern fleet
Tankers collide in Strait of Hormuz Frontline-owned Front Eagle was involved in a collision with dark fleet tanker Adalynn off the UAE coast in the early...
The Daily View: Accidents happen
No oil spill detected as search continues for missing Wan Hai 503 crew Future actions hinge on vessel's condition and cargo integrity
Wilbur Ross predicts that US protectionism will curb global shipping demand Financier Wilbur Ross served as commerce secretary during Trump 1.0 and owned stakes in shipping companies before his government service...
Daily Briefing Shipping in wait-and-see mode as Iran and Israel conflict continues | Seafarers detained as 'leverage' against shipowners and insurers, claims...
Shipper need for agility fuels growth of US shared-terminal trucking network Outpost is broadening its business from truck parking to a national shared-terminal network that offers multiple carriers access to "full-service" facilities.
DHL Express to suspend Canadian parcel business amid labor dispute The shutdown, due to begin Tuesday evening, will disrupt a broad range of businesses that use DHL, from apparel brands like Lululemon to industrial companies like Siemens Canada.
Cosco/OOCL saw big gains in US imports from Asia in early 2025 The China-based liners carried a combined 1.09 million TEUs in imports to the US through April, up 23% over the same period in 2024, according to Journal of Commerce rankings.
Multiplying supply chain risks drive growth for global, US-based logistics firms Researcher Armstrong & Associates says in an annual report it expects global 3PL revenue to hit $1.25 trillion this year as shippers try to build more flexible supply chains and mitigate risks.
Tanker owners reprice July fixtures mid-voyage and insist on cash up front Greek broker Xclusiv explains how Middle East conflict has instantly changed freight landscape
'Well ahead of schedule': Adnoc and Navig8 weigh in one year after shocking Posidonia Officials tell Marine Money audience about cultural fits and a conservative approach to financing
How one Chinese leasing executive tries to see 'comedy' in Trump port-fee fallout Finance structures are under pressure from both owners and charterers, banking panel says
Qatar springs special Gulf of Hormuz instructions for LNG carriers as tension rises Contingency plans being put in place by world's third largest LNG exporter
Norway's carbon capture and storage hopes no longer a 'paper project' as second ship set for work Northern Pathfinder trumpeted as major milestone for Longship and Northern Lights schemes
Tsakos hints at VLCC newbuildings boosted by strong profit and resilient markets Greek owner feels increasingly confident for its modern, high-quality vessels amid global turmoil
Performance Shipping clinches Mercuria charter for fourth tanker newbuilding Lucrative, multi-year employment for LR1 can stretch through to 2034
Loss-making Globus Maritime banks on younger fleet cutting costs Greek bulker owner suffers from weaker rates in first quarter
Danger money: Charterers struggle to fix VLCCs as tanker owners demand Middle East risk premium Risk premium pushing up earnings once more on Tuesday
George Economou offloads oldest capesize amid firm freight market Greek tycoon held vintage, scrubber-fitted ship since global financial crisis
'Heroic intervention' saved lives on fire-stricken container ship Wan Hai towed away from Indian coast as hopes fade for missing crew
JP Morgan: Top ports require $768bn investment to handle climate change Leading hubs need to do much more to adapt to rising sea levels, report shows
Petronas, MISC and MOL team up and aim high on cross border CO2 shipping Say hi to latest LCO2 joint venture Jules Nautica which wants to become emerging sector's 'leading owner'
Dubai energy giant strikes VLGC order debut and mulls LNG carrier fleet West Africa Gas Energy books two 88,000-cbm newbuildings at HD Hyundai yard
'Massive fire' after collision between Frontline VLCC and dark fleet tanker off Fujairah One of the tankers believed to be involved is accused of being part of the dark fleet
'Black swans everywhere' as VLCC rates spike 37% in a day But big jumps in Middle East earnings only take owners back to where they were a month ago
K Line teams with Yinson to develop floating CO2 storage and injection ship Companies also working on new CO2 carrier design
Russian master stuck in Sri Lanka four years after container ship disaster Vitaly Tyutkalo has been barred from leaving the island for four years after X-Press Pearl fire
Cocaine case sees ship captain endure jail ordeal after refusing to frame crewmates Captain Yu Yihai unfairly took the blame following the discovery of a cocaine haul on his vessel
Frontline confirms tanker caught fire after dark fleet ship collision near Hormuz strait All crew from the Front Eagle safe as blaze reported on dark fleet tanker
Newbuilding charters swell Uni-Tankers fleet as it racks up profit But annual profit falls at Danish product tanker specialist
'Massive fire' after collision between Frontline VLCC and dark fleet tanker off Fujairah One of the tankers believed to be involved accused of being part of the dark fleet
Russian master stuck in Sri Lanka four years after container ship disaster Vitaly Tyutkalo has been barred from leaving the island for four years after X-Press Pearl fire
Samsung Fire & Marine Insurance buys big chunk of Canopius Law firm Norton Rose Fulbright advised South Korean insurer on the deal
Up to three tankers reported on fire after collision off Fujairah One of the tankers believed to be involved accused of being part of the dark fleet
Tariff damage looms without new trade deal, says economist Tariffs helped snap 10 straight months of growth at the Port of Los Angeles, but a Yale economist says that the worst could be yet to come.
FedEx robot improves parcel sorting at Cologne airport facility A new robot that flips packages so labels can be scanned is helping FedEx more accurately sort packages at its Cologne, Germany, air station for final delivery.
WATCH: 'Dark fleet' tanker collision sparks fire near Strait of Hormuz No injuries were reported after a collision of two crude oil tankers sparked a fire near the Strait of Hormuz.
Amazon launches dedicated cargo service to Colombia with 21 Air Amazon's air logistics unit has started flying internationally for the first time from the U.S. to help fulfill e-commerce orders in Colombia and is leaning on a U.S. cargo airline to fly the aircraft and a Colombian airline for revenue on the return leg to Miami.
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