Fincantieri D.C. event puts spotlight on U.S. shipbuilding renaissance Fincantieri, one of the world's largest shipbuilding groups, this week hosted "Full speed ahead: The U.S. Shipbuilding Renaissance," a Washington, D.C., event bringing together senior voices from government, industry, and the national
Kundzinsala set to become a strategic hub in the Port of Riga Kundzinsala, the fastest-growing area of the Port of Riga, is undergoing a major transformation into a leading center for sustainable energy, modern manufacturing, and smart logistics. Over the coming years, at least seven new companies including cargo terminals, logistics centers, energy firms, and advanced manufacturing plants are expected to commence operations in the area, creating nearly 800
ABS FLOWRA collaborate on offshore wind ABS has signed a memorandum of understanding (MOU) with Japan's Floating Offshore Wind Power Technology Research Association (FLOWRA), marking a new collaboration aimed at accelerating innovation and safety in the floating offshore wind sector. "By leveraging ABS' deep domain experience in offshore energy and leaning into our shared interests in the development of practical standards and requirem
Wärtsilä sells its Marine Electrical Systems Business Wärtsilä has announced the sale of its Marine Electrical Systems business to VINCI Energies, marking another step in its strategy to streamline operations and focus on core growth areas. The Marine Electrical Systems unit, known for its specialized integration of complex onboard electrical systems, has operated independently within Wärtsilä's Portfolio Business segment. It connects both Wärtsilä'
Port of Bilbao appoints new President Iván Jiménez Aira has officially stepped into his new role as President of the Bilbao Port Authority, following the publication of his appointment in both the Basque Government's official gazette (BOPV) and the Spanish state gazette (BOE). His nomination was approved by the Basque Government's Governing Council on June 24, and his appointment became effective today, July 17. Jiménez succeeds Rica
Freightos Weekly Update: Tariffs, Peak Season Lulls According to AP, it looks like tariffs are finally starting to show up in US consumer prices, with inflation rising 2.7% in June. Importers have spent the last five years learning to frontload shipments wherever possible (lessons learned from COVID, the Evergiven, wars, trade wars, and bad weather), which may have delayed the blow. But that buffer's now run out...and things may escalate. Based on l
Seabound launches world-first onboard marine carbon capture project Seabound, has launched the world's first onboard marine carbon capture project in partnership with Hartmann Group, InterMaritime Group, and Heidelberg Materials Northern Europe. The pilot project equips the UBC Cork , a 5,700 GT cement carrier owned by Hartmann and managed by InterMaritime, with Seabound's compact carbon capture system. Captured CO2, stored as limestone onboard, will be offloaded
How K-Line's rerouting plans reflect a global shift in cargo flows? As tensions over US-China tariffs simmer once again, Japanese shipping giant Kawasaki Kisen Kaisha (K-Line) is preparing to divert its container ships away from US routes, a move that could signal a broader reconfiguration in global maritime trade. Speaking on Reuters, K-Line CEO Takenori Igarashi confirmed that the company is "closely watching" the outcome of ongoing US-China tariff negotiations
NY-NJ and Tokyo Ports mark 45 Years of partnership The Port of New York and New Jersey welcomed a delegation from the Port of Tokyo earlier this month to celebrate the 45th anniversary of their long-standing sister port partnership. The milestone event took place on July 7, as Port Director Bethann Rooney and Director General Akira Tanaka came together to renew their commitment by signing a new Sister Port Joint Statement. Before the formal signi
Cargo volume slows at Port of Long Beach in June Cargo movement through the Port of Long Beach cooled off in June, with total container volumes falling by double digits compared to the same month last year. Still, port officials are optimistic that July could see a rebound, thanks to a temporary pause on tariffs that may encourage retailers to restock ahead of the busy peak season. According to figures released by the Port, dockworkers and term
Maersk opens logistics hub in Panama Pacifico A.P. Moller - Maersk has opened a new 20,000+ sqm logistics facility in Panama Pacifico, establishing a strategic distribution hub for companies operating across Latin America, North America, and Asia. Located in a Special Economic Zone on Panama's Pacific side, the centre leverages the country's unique geographic position and multimodal connectivity to accelerate regional and global trade flows.
Hellmann launches fully-owned operations in Colombia Hellmann Worldwide Logistics has officially launched its own subsidiary in Colombia, marking a key milestone in its expansion across the Americas. The move strengthens the company's presence in Latin America and supports its long-term growth strategy in the region. Hellmann has operated in Colombia for nearly three decades through local partners. Earlier this year, the logistics provider acquired
Global bunker prices show moderate decline Global bunker indices tracked by Marine Bunker Exchange (MABUX) showed a moderate decline across all segments. The 380 HSFO index decreased by US$1.55, continuing to stay well below the US$ 500.00 threshold. The VLSFO index also declined, falling by US$ 4.92 from US$ 564.99/MT to US$ 560.07/MT. Meanwhile, the MGO index saw a decrease of US$ 3.44. "At the time of writing, the global bunker market
DP World, Deendayal port authority, and Nevomo pioneer autonomous magnetic rail freight movement DP World, the Deendayal Port Authority, and Nevomo have signed a Memorandum of Understanding to collaborate on a groundbreaking pilot project using Nevomo's proprietary MagRail technology. This initiative will explore the use of self-propelled, rail-based cargo movement within existing port infrastructure in India. The Deendayal Port Authority, a major multi-cargo port under the Government of Ind
Port of Corpus Christi launches monthly public tours The Port of Corpus Christi has introduced a new public outreach initiative with monthly guided tours of its Executive Administration Building at 400 Charles Zahn Jr. Drive. Designed to deepen community engagement, the program invites members of the public to gain a firsthand look at the Port's operations, infrastructure, and its role in driving global trade, regional economic development, and env
5 Warehouse Organization Ideas to Boost Productivity Photo by Tiger Lily on Pexels When your warehouse space is well arranged, everything is readily accessible, wastage is minimized, and workflow is maximized. No matter how big or small your warehouse space is, the utilization of strategic organizational strategies can easily affect efficiency and also the performance of the staff. The following are five organizational concepts for warehouses that
New feeder terminal for Busan New Port South Korea's Busan port will have a new feeder pier, after the Ministry of Oceans and Fisheries selected BNOT (a consortium of several companies) as the preferred developer after an open tender. Located in Busan New Port's South Container Terminal, the pier will have two berths that can accommodate ships of up to 2,000 TEU
How Trump's tariff deal with Indonesia could affect the shipping operations? In a surprise move that follows months of tense negotiations, the US President Donald Trump announced a new trade agreement with Indonesia that will impose a 19% tariff on Indonesian exports to the United States a reduction from the 32% he had previously threatened. Though hailed by Jakarta as the result of an extraordinary struggle, the deal carries complex implications for Indonesia's sprawling
Autonomous ships are already here: The coming shift in shipping operations Autonomous shipping is no longer a futuristic concept but an operational reality in some segments. As AI-driven decision-making systems, real-time vessel monitoring, and remote operations mature, a new chapter in maritime logistics is beginning one that traditional players cannot afford to ignore. A report by the International Association of Marine Aids to Navigation and Lighthouse Authorities (I
Shippers urged to protect supply chains as new tariffs loom Shippers need to better protect their supply chains as political and economic drivers are forcing rapid changes in sourcing supplies, container shipping services and capacity on critical routes. Fluctuations in demand driven by wildly fluctuating tariffs have disrupted Pacific trades, but there has been a knock-on effect into the Asia/Europe services and other regions. Xeneta's chief analyst Pete
WinGD installs first ammonia-fuelled two-stroke engine Swiss engine maker WinGD has reached a major milestone in green shipping. The company has installed its first ammonia-fuelled two-stroke engine on a new gas carrier for EXMAR. This marks the first time an ammonia-powered gas carrier will enter commercial service. The engine, known as the X52DF-A, was built by HD Hyundai Heavy Industries' Engine & Machinery division. Also, it was installed on the
Valencia port unveils strategic plan 2035 Valenciaport has launched its Strategic Plan 2035, outlining a bold roadmap to solidify its role as a key engine of Spain's economy and a trusted partner for businesses and society. Presented at the historic Clock Building of the Port of Valencia, the plan sets out a clear long-term vision designed to transform the port into a global logistics leader by the year 2035. Spanning the next decade, th
MSC and Fincantieri celebrate key milestones Explora Journeys' fleet is forging ahead with construction as MSC Group and shipbuilder Fincantieri marked three significant milestones at the Sestri Ponente shipyard on July 14. The shipyard played host to a triple celebration: the float-out of Explora III , the coin ceremony for Explora IV , and the steel-cutting for Explora V . These events underline MSC's commitment to building a luxury fleet
Wärtsilä engines to power new U.S. data center Wärtsilä has secured a major contract to supply 282MW of flexible engine power for a new data center project in Ohio, addressing the growing need for fast and reliable electricity solutions in the digital infrastructure space. "Our modular engine design enables efficient construction and integration, allowing customers quick access to power. Quick access to power combined with high reliability, f
Navigator and Amon Maritime team up for ammonia carrier newbuilds New York-listed handysize gas carrier owner and operator Navigator Holding has formed a joint venture with Norway's Amon Maritime for two newbuild ammonia-fuelled liquefied ammonia carriers. The JV, named Navigator Amon Shipping, has placed an order with Nantong CIMC Sinopacific Offshore & Engineering for two 51,530 cu m vessels. Both ships will be able to ...
Yang Ming books LNG-fuelled boxship series at Hanwha Ocean Taiwanese shipping line Yang Ming Marine Transport has lined up a series of containership newbuilds at South Korean shipbuilder Hanwha Ocean, continuing its fleet renewal programme with a focus on dual-fuel technology. The company has booked seven LNG dual-fuel 15,500 teu vessels in a deal valued between $1.36bn and $1.53bn, with delivery scheduled in 2028 ...
CSSC Shipping signs for newcastlemax newbuilds CSSC Shipping has moved to bolster its dry bulk portfolio with a pair of newcastlemax newbuilds. The Hong Kong-listed leasing arm of state-owned China State Shipbuilding Corporation (CSSC) has struck a deal for the 210,400 dwt units with Qingdao Beihai Shipbuilding and China Shipbuilding Trading. Each vessel is priced at RMB528m ($73.5m), with deliveries scheduled ...
BW LPG locks in $595m across two financing deals VLGC owner and operator BW LPG has wrapped up two financing facilities totalling $595m, aimed at supporting its fleet expansion, refinancing existing debt, and boosting liquidity. The dual-listed unit of Singapore's BW Group closed a $380m term loan and revolving credit facility backed by seven banks. This deal helped finance the acquisition of vessels from ...
USTR threat hits Chinese shipyards as global orders slump A contraction in Chinese shipbuilding orders has been registered in the first half of 2025, with Beijing's once unassailable dominance increasingly under pressure from geopolitical tensions and a softening global market. According to new data from BIMCO, China's share of newbuilding contracts dropped from 72% to 52% in the last six months - a plunge ...
India's Sanmar Group enters VLCC market with $50m Angelicoussis purchase Chennai-based Sanmar Group has taken its first step into the VLCC segment, acquiring the 321,000 dwt Maran Canopus from Greece's Angelicoussis Shipping Group in a deal valued by brokers as between $48m and $50m. The 2007-built Daewoo Shipbuilding tanker has been renamed Sanmar Herald. This milestone reflects Sanmar's steady fleet expansion strategy. A few years ...
Solstad scores CSV contract in Brazil with Petrobras Norwegian offshore vessel owner Solstad Offshore has won a contract for one of its CSV vessels with Petrobras. The Brazilian state-owned oil and gas company hired the 1999-built construction support vessel Normand Pioneer. The vessel will be mobilised with an Ampelmann heave-compensated E-type gangway system and will begin work in October 2025. The duration of ...
Israel's Eilat port faces shutdown amid tax dispute and war-driven collapse The port of Eilat,Israel's only maritime gateway on the Red Sea, is set to shut down operations this Sunday after the Eilat municipality seized its bank accounts over unpaid municipal taxes, according to Globes, a leading Israeli business journal. Once a key gateway for Israel's vehicle imports and strategic military operations, the Red Sea port ...
Transocean bags $100m worth of deals for three rigs Offshore drilling giant Transocean has secured two extensions and one new contract for three of its rigs. According to information provided in the company's fleet status report, an undisclosed client exercised two one-well options in Australia for the 2015-built semisub Transocean Equinox. The rig is currently working in Australia on a $485,000 dayrate. The fixed ...
Abandoned seafarer crisis hits new high New figures released this week by the International Transport Workers' Federation (ITF) reveal yet another disturbing surge in the abandonment of seafarers worldwide. Over 2,280 seafarers have been abandoned aboard 222 vessels so far this year - with $13.1m in unpaid wages and a 30% year-on-year increase in cases. By comparison, at this point in ...
Taylor Maritime banks $176m from ten more vessel sales London-listed Taylor Maritime has confirmed the sale of ten more vessels, bringing in gross proceeds of $176.3m. The Ed Buttery-led bulker owner said that three of the sales have closed, with the other seven expected to wrap up before year-end. Taylor Maritime also completed nine previously disclosed vessel sales, which raised $137.3m in gross proceeds. ...
Eagle Ship Management pleads guilty to illegal dumping off US coast, faces $1.75m fine A Connecticut-based shipmanager has pleaded guilty to criminal charges after deliberately discharging more than 10,000 gallons of oily bilge water into US waters near New Orleans, in violation of federal pollution laws. Eagle Ship Management, headquartered in Stamford, admitted to illegally pumping the waste from the Gannet Bulker without using pollution prevention equipment and to ...
Iranian weapons bound for the Houthis intercepted Yemeni opposition forces working with the American military have seized the largest cargo of Iranian advanced conventional weapons bound for the Houthis. In total, more than 750 tons of Iranian munitions and hardware including hundreds of advanced cruise, anti-ship, and anti-aircraft missiles, warheads and seekers, components as well as hundreds of drone engines, air defence ...
The disease of seafaring Steven Jones, the founder of the Seafarers Happiness Index, reports on disturbing deaths at sea figures tallied by the International Labour Organization. A groundbreaking new report on fatalities onboard ships has revealed that illness and disease are the leading killers of seafarers worldwide. The first standardised global data collection on seafarer deaths, conducted for fatalities ...
Russia's Arctic LNG ambitions remain largely frozen Two LNG tankers have been tracked loading at Russia's flagship Arctic LNG 2 project in the past month, but with...
Legal risks from alternative fuels fall too much on owners Legal risks from alternative fuels are falling too much on shipowners than charterers, and parties need to collaborate if shipping...
Hellenic Hull opts for Concirrus ESG module Powered by OceanMind intelligence, the platform enhances the ability to measure insured fleet against emissions regulations
Iran's oil loadings reach sanctions-era high in June amid eastward rush A rush to get cargoes east fuelled record loadings in Iran in June. While much of that cargo is still...
Yang Ming signs first ever newbuilding contract with South Korea's Hanwha Ocean Keelung-headquartered container line operator has previously favoured Japanese shipyards, HD Hyundai and compatriot shipbuilder CSBC for its newbuildings
Carbon insets could help shipping decarbonise, but they are not without risk Carbon insetting schemes at their best can be a useful tool for encouraging greener shipping. But at their worst they...
Crude oil tanker values lifted by tonne-mile demand boost as product tankers stabilise A shift in trading patterns has tightened vessel availability and contributed to strong crude tanker spot and time charter rates...
Review insurance before Red Sea or Hormuz transits, lawyers recommend Supply contracts may need to be rewritten in light of possible sanctions
PSA Antwerp joins Zero Emissions Port Alliance The programme brings together terminal operators, equipment manufacturers and ports to accelerate the adoption of battery-powered equipment
Abandonment cases up 30% already in 2025 The federation identified St Kitts & Nevis, Tanzania and Comoros as flags that dominate the list of abandonment cases so...
HD Hyundai eyes 30-year Morocco shipyard concession amid expansion push South Korean shipbuilder could join the bid to manage Africa's largest shipyard in Casablanca for 30 years, as part of...
The Daily View: Fake it till you make it
Hede forges ahead with new China-LA service as rivals cut transpacific capacity Hede is expanding its China-US West Coast services with a new Nansha-Los Angeles route, defying collapsing freight rates and industry...
Daily Briefing Mali, Mauritania and Eritrea become the latest locations for online maritime fraud | Is it feasible to run a small...
Looming August tariff deadline prompts carriers to pull trans-Pacific capacity US shippers have pulled forward as much cargo as they can ahead of the latest deadlines for higher US tariffs, leaving carriers little choice but to cancel more voyages.
Whiplash of US tariff policy forces importers into 'wait-and-see' mode US retailers are, not surprisingly, importing only what is "absolutely necessary" given the frequent changes in new tariffs and tariff deadlines announced by the Trump administration, writes Lars Jensen.
BNSF to use 'southern' route to Salt Lake City under UP intermodal deal The agreement clears the way for BNSF to move cargo from Los Angeles, Long Beach and Oakland to Salt Lake City for ocean carriers CMA CGM and Mediterranean Shipping Co. (MSC).
Yusen Logistics in talks to acquire European healthcare provider Walden The NYK subsidiary has its sights on a booming third-party logistics provider healthcare market in Europe that is expected to grow 8.1% a year until 2030.
Automation, tariff pressures put onus on customs brokers to adapt Artificial intelligence tools can help shippers automate tasks like entry filing and classification, but it's unclear whether most importers want to take on that burden.
Container orders pivot to smaller conventionally fuelled ships as shipowners eye fresh opportunity Difficulty in finding forward charters may hold back further contracts
China threatens MSC-BlackRock ports deal if Cosco not allowed in US conducts annual military exercises with Panama amid simmering tensions over canal
Turkish owner takes discount on Russia-trading suezmax duo One of the pair has been identified as calling in Russia while the other was sanctioned by Ukraine earlier this year
Oily water dumped from former Eagle Bulk vessel by engineer after engine room flooded Whistleblower scapegoated after pollution offence in US
Navigator Gas books its largest ships to date with joint-venture partner Tie-up with Norway's Amon Maritime will build pair of 51,530-cbm units at Nantong CIMC Sinopacific Offshore
Private equity funds move in at Bourbon as French banks exit in new court plan French offshore group is being restructured with less debt
'Humans not good monitors': Digital age demands radical watchkeeping rethink, says accident investigator Investigations chief warns that seafarers will find other things to do if stuck on mundane operational duties
Greek bulker owner Clemko Ship Management buys first ship in 15 years Low-profile Athens outfit is latest in a string of Hellenic dry bulk comebacks
Unavoidable disconnect: Growing thirst for LNG bunkers will outstrip ability to deliver Infrastructure might not be there in the near term
'Hunted or hunter': How Genco Shipping could deploy its new war chest This week's Streetwise examines the new $600m lending and what it might - or might not - be buying
NYK splashing $1.45bn on takeover of healthcare logistics business Dutch group's operation comprises transport and warehousing services for pharmaceuticals
Back in business: Sanctioned LNG carrier berths at Russia's Arctic LNG 2 plant Second such fixture this year indicates Novatek pressing ahead with resumption of exports
MSC orders ultra-large container ships worth over $1.3bn in China Liner giant has penned six 22,000-teu ships and is upsizing earlier newbuildings
Vitol to ship more than 130 LNG cargoes to Indian buyer GAIL Trader continues to fix gas deals over the long term
Oily water dumped from Star Bulk vessel by engineer after engine room flooded Whistleblower scapegoated after pollution offence in US
Yang Ming picks Hanwha Ocean to build seven container ships The Taiwanese liner company has chosen LNG as fuel for the 15,000-teu vessels
US threat to target Russian oil buyers leaves India unfazed Oil minister says India will look to the Americas for alternative supplies if tariffs put in place
Red Sea sinking: Crewing agency cooperating with Filipino probe after losing licence Status Maritime supplied 21 seafarers on board a bulker sunk by Houthis
'Only move left': European bulker owner puts fleet up for sale after state pulls funding plug Montenegrin state company will offload Chinese-built handysizes due to debts
Back in business: Sanctioned LNG carrier berths at Russia's Arctic LNG 2 plant Second such fixture this year indicates Novatek pressing ahead with resumption of exports
Largest-ever Iranian arms shipment to Houthis seized. Anti-ship missiles and drone engines intercepted US Central Command praises partners for interception of dhow with more than 750 tonnes of arms on board
Norway's Stenersen adds 19 tankers to Ahti's fuel compliance pool Family-owned shipping company aiming to cut emissions in alignment with FuelEU Maritime regime
Idan Ofer unmasked as mystery Himalaya Shipping investor as ties with Tor Olav Troim deepen Eastern Pacific Shipping's bulker fleet includes 10 sister ships to Himalaya's newcastlemaxes
Trade block: Israeli arms shipments targeted by 12-nation alliance over war in Gaza Nations in Asia, Africa and South America prohibit their ports and flags from handling Israel-bound military cargo
Aframax tanker newbuildings eyed by Kazakh state carrier Kazmortransflot Shipowner already working on boxship contracts with AD Ports Group
'Ambition and pragmatism': LNG needs a clearer role in IMO's net-zero policies Decarbonisation needs to embrace both ambition and pragmatism for success, says head of DNV maritime
BW LPG closes $595m financing facilities with 10 banks to fund fleet deal Loans finance Avance Gas vessels and transaction with BW LPG India
BW LPG gas trading segment turns to profit in 'challenging quarter' BW Product Services reports $5m realised gain
Nordea boss warns 'tariffs' and 'tensions' creating 'financial market turmoil' as shipping book falls Second quarter saw the most volatile markets for some time, says CEO
CSSC Shipping splashes out $147m on order for two large bulk carriers Qingdao Beihai wins contract for newcastlemaxes
Sale of two Chinese kamsarmaxes spotlights falling bulker values Shandong Shipping pair reportedly sold below reserve prices from recently failed auctions
Swire Group puts newbuilding plans on ice due to high prices and full yards Bulkers continued to be sold, while purchase options were declared on some vessels, accounts reveal
China could block sale of port terminals: Report China could block the sale of CK Hutchison's global port facilities if it doesn't get a stake in the deal involving a U.S. private equity firm and Mediterranean Shipping Company.
Amid uncertainty, sliding Asia-US container rates are a sure thing Declining demand and a global tariff fight continue to undermine ocean container rates on key Asia-U.S. trade lanes.
Vote on Canada Post labor contract begins Monday as losses mount The Canadian government is going around union leadership to force a vote on Canada Post's contract offer to mail carriers. Voting starts next week.
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