Panel to spotlight Harbor Charger hybrid ferry at FERRIES 2025 Marine Log's 38th annual FERRIES Conference, set for November 4-5 in Jersey City, N.J., will feature a panel discussion on the recently delivered Harbor Charger, New York State's first hybrid-electric public ferry.
Hapag-Lloyd posts solid H1 2025 results Hapag-Lloyd closed the first half of 2025 with solid results despite a challenging and volatile market. Group EBITDA reached US$1.9 billion, while EBIT stood at US$0.7 billion. Group profit was US$0.8 billion. The company faced fluctuating demand and freight rates, driven in part by changing US trade policies. Congested ports and security tensions in the Red Sea also affected operations. In the L
Yang Ming reports Q2 2025 financial results Yang Ming held its 405th Board Meeting on August 12, 2025, and approved the company's consolidated financial statements for the second quarter of the year. In Q2 2025, Yang Ming posted consolidated revenues of US$1.21 billion, with an after-tax net profit of US$30.9 million. For the first half of 2025, consolidated revenues totaled US$2.64 billion, while after-tax net profit reached US$274.82 mil
Port of Los Angeles sets all-time monthly record July 2025 was the busiest month in the 117-year history of the Port of Los Angeles, with throughput reaching 1,019,837 TEUs, an 8.5% increase over July 2024. The surge was driven by retailers and manufacturers accelerating shipments amid concerns over potential tariff increases later this year. Gene Seroka, Executive Director of the Port of Los Angeles commented that in July, terminals were packe
MSC establishes crewing office in Ningbo with eye on Chinese seafarers MSC has opened a ship management office in the port city of Ningbo, aiming to hire around 2,000 Chinese seafarers. MSC Crewing Services (China) Co., Ltd was established in late July, in the Beilun district in the city that is home to the world's third-busiest container port
Global bunker prices continue downward trend Global bunker indices tracked by Marine Bunker Exchange (MABUX) extended their downward movement. The 380 HSFO index dropped by US$11.71, nearing the US$450 mark. The VLSFO index fell by US$11.21 to US$542.56/MT. The MGO index declined by US$14.94, from USD 767.70/MT to USD 752.76/MT. "At the time of writing, the global bunker market continues to demonstrate a moderate downward trend," said Serge
QR Codes Driving Efficiency in Logistics In the sphere of modern commerce, speed and accuracy are everything. From warehouses to delivery trucks, companies are turning to trackable qr code solutions to make sure goods move quickly and arrive where they should. A single scan can connect a package to its entire history-pickup time, transit points, and even condition reports-without any complicated software setup. Using a QR code generator
Zim merger rumours persist Israeli carrier Zim Integrated Shipping Services is expected to raise its Q2 forecast for the full year, even as the market shows signs of a severe decline and as merger rumours circulate around the company. Executives at the New York listed firm have refused to be drawn on market speculation on the possible merger and delisting of the company, with a Zim notice saying the company does not commen
US container imports hit second-highest level in July As Japan International Freight Forwarders Association (JIFFA) reported, U.S. container imports jumped to 2.62 million TEUs in July, according to Descartes Systems Group. That's up 18.2% from June and 2.6% higher than July 2024. Imports from China surged to 923,075 TEUs, a 44.4% increase from the previous month and the highest this year. West Coast ports kept their lead over East and Gulf Coast po
Houthis seek to control Red Sea trade routes Iran-backed militia establishes de facto authority over critical shipping corridor, challenging global maritime order. The Yemen-based Houthis have transformed from a regional insurgent group into a maritime power capable of disrupting global trade, establishing what amounts to a toll system for commercial vessels transiting one of the world's most crucial shipping corridors
CLIP Group to build strategic intermodal terminal CLIP Group's Container Terminal Mala has signed a contract with Polish infrastructure firm TorKol to design and build a modern intermodal terminal in Malaszewicze. The facility will sit at a key crossroads between the EU customs union and Eurasian transport routes, strengthening Poland's role as a gateway for East-West freight. The terminal will handle major transit flows between China and Europe
Panama Canal Authority enters port terminal game amid US-China competition Panama is charting a new course in the increasingly complex world of global shipping logistics, as the Panama Canal Authority announces plans to directly enter the port terminal business through a dual-terminal tender. This strategic shift comes as the Central American nation finds itself at the epicenter of a high-stakes geopolitical battle between the United States and China over control of cri
Maersk Triple-E ship ablaze off Liberia (updated) One of Maersk Line's first Triple-E ships caught fire off the Liberian coast on the morning of 13 August. The 2013-built 19,076 TEU Marie Maersk, assigned to an Asia-North Europe service, had departed Rotterdam on 4 August and was due to arrive in Malaysia's Tanjung Pelepas port on 6 September
COSCO SHIPPING Special Transport opens East China branch COSCO SHIPPING Special Transport has launched a new East China Branch in Shanghai to strengthen regional logistics and supply chain operations. The branch aims to provide greater flexibility, stability, and coordination across the East China and Yangtze River regions. The East China Branch will handle sales, shipping operations, supply chain projects, and overall operational management. Since ope
KWE partners with Shell Aviation Kintetsu World Express (KWE) has signed a new agreement with Shell Aviation to expand the use of Sustainable Aviation Fuel (SAF) in its air freight operations. The move follows KWE's participation in a 2023 pilot program by the Smart Freight Centre aimed at testing market-based measures for SAF adoption. Also, under the agreement, KWE will leverage Shell Aviation's digital platform, Avelia, to ac
Neptune Pacific raises Asia-South Pacific rates Neptune Pacific will implement a general rate restoration for all cargo loaded in Asia, effective 15 September 2025, bound for destinations in the South Pacific. The increase will apply to shipments from Asia, China, the Indian Sub-Continent, Latin America, Africa, and the Middle East to Fiji, Samoa, Tonga, Tahiti, Tuvalu, Kiribati, Vanuatu, the Cook Islands, and Wallis & Futuna. The GRI will be
ANL announces North-East Asia to New Zealand rate restoration ANL will introduce a rate restoration for all shipments from North-East Asia to New Zealand, effective 1 September 2025. The increase will be USD 300 per 20' standard container, USD 600 per 40' standard and high cube container, USD 300 per 20' reefer, and USD 600 per 40' reefer or reefer high cube. This adjustment will be applied on top of current Spot and FAK rates and will be subject to all app
Crowley's fourth Avance-Class ship begins first voyage Crowley's newest Avance Class ship, Torogoz, has entered commercial service, marking the completion of the company's four-vessel Avance Class containership fleet. The vessel departed Port Everglades, Florida, on Tuesday for its first voyage to Central America. With a capacity of 1,400 TEUs, including 300 refrigerated containers, Torogoz is designed for the fast and frequent delivery of diverse ca
SeaLead launches SEA7 Service SeaLead has introduced a new South East Asia service, SEA7, connecting South Korea and China with Indonesia and Vietnam. The service strengthens direct trade within Asia and offers faster, more reliable access to global markets. The fixed port rotation is Busan, Incheon, Shanghai, Ningbo, Jakarta, Semarang, Ho Chi Minh City, and back to Busan. SEA7 is the only direct service from Incheon to Semar
Gatehouse Maritime and Riege Software partner Gatehouse Maritime's OceanIO division has teamed up with Riege Software to bring real-time container and vessel tracking directly into Scope, Riege's transport management system. The partnership aims to give freight forwarders sharper, faster insights into ocean freight operations. The integration was completed quickly thanks to OceanIO's clear, well-documented API. Additionally, both companies s
Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet of ten 174,000 cu m LNG carriers operated by Knutsen. Seven of the ships are already on the water, averaging ...
Fire hits Maersk ship off Liberia A fire broke out on Wednesday onboard a Maersk ultra-large containership while sailing off the coast of Liberia. The 2013-built 19,076 teu Marie Maersk, operating under the Gemini Cooperation's Asia-Europe AE4 service, was en route from Rotterdam to Tanjung Pelepas when crewmembers detected smoke coming from containers on deck. The ship's crew activated onboard firefighting ...
Shipping navigates net-zero waters without US support The US decision to go public on its offensive against the International Maritime Organization's proposed net-zero framework has created considerable debate within the shipping community. Various ministers within the Donald Trump administration issued a joint statement this week branding the plan a "global carbon tax on Americans" and threatening retaliation ahead of an October vote ...
Houthis seek to legitimise maritime role with 'Safe Transit' service The Houthi-run Humanitarian Operations Coordination Center (HOCC) has released a new set of Frequently Asked Questions (FAQs) assuring safe passage to vessels transiting through the Gulf of Aden, Bab el Mandeb, the Arabian Sea and the Red Sea if they are not related to the "sanctioned entities of companies". The HOCC has encouraged companies to ...
Jiangsu Dajin Heavy Industry bags order for six AHTS vessels Jiangsu Dajin Heavy Industry has won an order for six 65-meter anchor handling tug and supply (AHTS) vessels. Shanghai Jiahao Marine Engineering Research and Design has been put in charge of the design and development of the vessels. All six vessels will run on electric propulsion and will be equipped with fully rotating propellers, bow ...
Torm takes over 13 leaseback tankers as it sheds older tonnage Danish product tanker player Torm is expanding its owned fleet significantly after exercising purchase options on 13 ships previously under sale-and-leaseback deals. The Copenhagen- and New York-listed firm said the move is part of its ongoing capital and loan management strategy. The first four ships -LR2 tankers Torm Herdis, Torm Hellerup, Torm Hannah, and Torm ...
Seaspan locks in $2.78bn in leasebacks across 19 ships Containership leasing giant Seaspan has signed a string of sale and leaseback agreements covering 19 vessels, raising nearly $2.8bn in total financing. The deals, disclosed by parent company Atlas Corp, cover 15 containerships ranging from 11,400 to 17,000 teu and four car carriers between 7,000 and 10,800 ceu. A portion of the proceeds -$775.4m -is ...
Shipping's biggest names set to return to Geneva Dry Sign-ups to next year's Geneva Dry - the world's premier commodities shipping summit - are pouring in with organisers finalising the session line-ups for dry bulk's biggest annual gathering. With hundreds of delegates already confirmed for the April 28 - 29 event, the 2026 edition is already growing faster than this year's sold-out conference. "It's ...
Malaysian firm sells 29-year-old FSO Marine operations service and solutions provider Avangaad has sold its 1996-built FOIS Nautica Tembikai FSO for $10.5m (RM44.5m) in cash. The company said in a Bursa Malaysia filing that the vessel has a net book value of RM15.05m ($3.58m), and the sale will result in an immediate gain of RM29.4m ($7m). The sale to MTC ...
Karpowership doubles down on Seatrium for floating power expansion Turkey's Karpowership has selected Singapore-based shipyard group Seatrium to carry out new powership integrations and LNG carrier conversions as part of an expanding partnership between the two companies. Under a letter of intent, Seatrium will integrate four new-generation powerships at its Singapore yard, with an option for two more. Karpowership will provide the hulls and ...
Enefit Green and Sumitomo scrap Estonian offshore wind project Estonia's Enefit Green and Japan's Sumitomo have agreed to terminate their partnership and the development of the Liivi Bay offshore wind farm project. The decision follows thorough joint discussions on the offshore wind outlook in Estonia and assessment of the current market and regulatory conditions. Enefit Green said that, despite close cooperation and significant efforts ...
Halliburton secures North Sea services deal with ConocoPhillips Houston-headquartered energy services giant Halliburton has won a contract with ConocoPhillips Skandinavia to deliver comprehensive well stimulation services. The contract, which aims to improve well performance and reservoir productivity, spans five years and includes three optional extension periods. Under the agreement, Tidewater's vessel, North Pomor, will be transformed into an advanced stim
Transworld forms handy pool in Dubai Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics, has formed a joint venture agreement with 60% partnership with BainBridge Navigation to establish a handysize bulker pool based in Dubai. Transworld's current fleet stands at 12 vessels comprising 10 container feeder vessels and two handysize bulk vessels. The company has dabbled in pools before, ...
Euroseas weighs the joys and woes of overheated boxship prices Nasdaq-listed owner of feeders and intermediate ships says secondhand acquisitions currently 'rather difficult'
How court ruling on Trump's tariffs could impact container shipping The Trump administration could lose its appeal in Federal Circuit Court, pushing the decision to the Supreme Court in October...
Okeanis unfazed by 'shadow fleet' threat in event of Ukraine ceasefire Chief executive Aristidis Alafouzos says return of sanctioned tankers to normal trading 'almost impossible'
Insurers could face sanctions penalties if regulations diverge on Russia oil exports Hull, cargo and P&I underwriters may not be able to follow US leads unless Americans fall into line with Brussels...
Hapag-Lloyd delivers volume growth but narrows earnings outlook Increases in east-west trades has seen volumes grow, but Hapag-Lloyd is predicting a softer second half as US demand normalises
Norden eyes growth in project cargo sector with fleet of dedicated multipurpose vessels Norden set to expand its share of project cargo market which is complementary to its handysize bulk carrier business
US bid to derail IMO net zero agreement could be backed by tariff reprisals As part of any trade deal with the US, countries are being pushed to vote against the IMO's net zero...
Anna Dorothea case upholds 'pay now, argue later' principle Shipowners can sometimes refuse deductions even if charterers claim off-hire
Nigeria reduces reliance on clean product imports, with US crude the beneficiary As Nigeria's Dangote refinery ramps up capacity, the country's dependence on imports of clean petroleum products have declined significantly, but...
Torm chooses purchase options over expensive newbuilds Torm chief says the company would only consider placing orders for new ships if prices drop
HMM posts disappointing quarter on lower rates and rising costs Second-quarter operating profit fell around 40% short of market consensus, following a sharp decline in freight rates and a rapid...
The Daily View: Bad manners
Daily Briefing Shadow fleet undeterred by Baltic enhanced surveillance and naval escorts | US campaign to derail IMO carbon tax goes public...
Pasha picks up GSC's Pacific Northwest transload businesses in court sale The US-based ocean carrier and logistics company paid about $2 million for the two transload specialists following the July shutdown of GSC.
Shipper network ShiftX inks Asia joint venture with Unitrans The Hong Kong-based JV will provide coordination, performance management and strategic oversight of all origin locations across Asia for members of the BCO group.
High cost of Gemini transition drags on Hapag-Lloyd's H1 result But the growing synergy and efficiencies of its Gemini network with Maersk are expected to generate significant savings over the next few quarters, CEO Rolf Habben Jansen says.
Retailers cut back on warehouse space as supply chain hurdles fuel 3PL growth Traditional retailers in the US are scaling back their space requirements, according to an annual report, as the volatility over tariffs trickles down to the industrial real estate market.
Shippers, logistics providers satisfied with H1 rail performance The latest Intermodal Service Scorecard from the Journal of Commerce marks a major boost in confidence that railroads can deliver reliable intermodal service only a few years after historic disruption gridlocked rail networks across North America amid pandemic-linked chaos.
Trump tariffs would have double consequences for tankers, says Clarksons Clarksons' Frode Morkedal says VLCC rates could climb as high as $80,000 per day later this year
Methanol project developer inks deal to build export facilities at Mexican port Transition Industries hires Bonatti to build facilities at Topolobampo
Torm's Meldgaard optimistic on tankers as US sanctions 'hammer' hits shadow fleet Danish CEO tells TradeWinds that compliant ships are far busier than their blacklisted counterparts
'Counter-productive' US net-zero stance risks patchwork legislation, shipowners say Dutch shipowners condemn rejection of IMO framework
Insurance underwriters grapple with Washington-Brussels divide on price cap EU and UK underwriters may be unable to follow US leads under Trump administration's price cap
UN slammed for 'poorly executed' plan that left VLCC in Houthi hands Former Euronav vessel had been sent to Yemen to prevent an oil spill. Now, it's allegedly being used as a Houthi fuel depot
Golar LNG kicks tyres on donor vessels and tests yards on pricing while eyeing next FLNG unit Tor Olav Troim outfit not committing to another ship yet, but has plans
Torm boss Jacob Meldgaard welcomes new lenders in $875m switch from lease financing Danish executive tells TradeWinds that margins available from banks were too good to turn down
Fire hits giant Maersk container ship with crew fighting flames Blaze broke out in containers on the Marie Maersk on Wednesday
How does ESG sway the Norwegian sovereign wealth fund's latest shipping picks? Danaos and Navios Maritime Partners rise in portfolio despite low governance scores
Evergreen Marine approaches shipyards for $2.5bn container ship series Liner company plans to order up to 14 LNG dual-fuelled newbuildings
Shandong Shipping completes sale of five kamsarmaxes via online auction Its last bulker sold for $25.08m, 5.4% above its reserve price
Seaspan steps into S&P market to buy for the first time in two years Leading boxships snaps up a pair of trading vessels
Golar LNG starts looking at fourth FLNG unit after Argentina deal Company says it will be the only available FLNG vessel for the rest of the decade
Norden bottom line boosted by sales gains as asset-light margins go sub-zero again Margins from Norden's operated fleet are expected to turn negative again this year
Ocean Yield raises bet on LNG with takeover of CapeOmega Gas Transportation Deal adds $120m to Ocean Yield's backlog
Meyer and Everllence team up to offer methanol retrofits Service goes beyond engine modification and includes total fuel supply infrastructure
Latsis family could move private tankers into new US-listed vehicle Euroholdings already out and about inspecting MR vessels for its first purchase
Contships backlog growth prompts credit upgrade by 'impressed' Fearnleys Analysts see strong rates outlook and healthy cash flow
Dangote refinery holds down Nigerian product imports while also threatening crude Refinery appears to be meeting domestic needs while eyeing local feedstocks
Don't blame shipbrokers for the loopholes in this sanctions sieve Our morals are not legally binding. Sanctions rules are. So write better rules
New bulker pool hatched by shipowners Transworld and Bainbridge Indian players form new joint venture to spur global growth
Torm stock surges 15% after 'solid bookings' for third quarter Fearnleys sees good read-across to peer Hafnia
Hapag-Lloyd profit holds firm despite volatile demand and freight rates Full-year earnings narrowed after start-up costs of Gemini and congestion hit liner earnings
Torm buys 13 leased tankers and sells older vessels as profit slashed Danish shipowner managing finances by exercising purchase options
CMB.Tech falls to loss ahead of Golden Ocean merger Preliminary financial figures released by Belgian giant show big increase in costs
False flag agent: Meet the man linked to a network of illicit ship registries Number of vessels could be larger after creation of false Aruba and Mali registries
'Not juicy enough': Odfjell stock downgraded by Arctic Declining earnings expected for the next two quarters
Korea Maritime Transport Co orders its biggest-ever container ships in deal with HD Hyundai Shipowner said to have penned four 13,000-teu newbuildings at compatriot yard
Ningbo Ocean returns to Huangpu Wenchong for container ship newbuildings Chinese liner company ordered its largest container ship to date
Karpowership engages Seatrium to integrate four new power generation vessels The Singapore shipyard will also convert three LNG carriers into FSRUs
Seaspan unlocks $2.8bn in cash through lease-finance deals amid rising earnings Atlas Corp says 19 container ships and vehicle carriers sold and leased back
Supply chain disruptions feared as Air Canada prepares for strike Businesses want the government to prevent a strike by Air Canada flight attendants because of the impact on cargo deliveries.
Past is prologue: Rising container volumes portend falling rates Container rates on the eastbound trans-Pacific braked their slide after tariffs fueled record volumes.
Panic? What panic? Port of Los Angeles sees record 1 million containers in July July was a record month for the Port of Los Angeles, as monthly container volumes for the first time topped 1 million TEUs.
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