CENTCOM strikes on Houthis will be "unrelenting" Since March 15, U.S. Central Command (CENTCOM) has been carrying out a series of strikes against the Iran backed Houthis that, Defense Secretary Pete Hegseth says, will be unrelenting. "Freedom of navigation
Crowley puts U.S.-flagged LNG carrier American Energy into Puerto Rico service Crowley has raised the U.S. flag on the American Energy, a 1994-built, 130,400 cubic meter LNG carrier previously named Puteri Intan. The vessel has been reflagged under a provision of the Coast
Jeddah Islamic Port demonstrates resilience amid disruptions, but challenges persist Jeddah Islamic Port, Saudi Arabia's largest container port and a critical transshipment hub on the Red Sea, has faced significant challenges over the past three months due to the ongoing Houthi attacks in the Red Sea region. While Jeddah itself was not directly struck, the ripple effects were felt as major shipping companies like Maersk and MSC rerouted vessels around the Cape of Good Hope to avo
RSGT International to operate Djibouti's Port of Tadjourah Saudi Arabia's largest terminal operator and the country's sole international terminal operating firm Red Sea Gateway Terminal International (RSGTI) and Djibouti's Port of Tadjourah have formalized an agreement through a Memorandum of Understanding (MoU) for investment, operation, and management of the multipurpose facility strategically positioned at the crossroads of the Red Sea and the Arabian
PPG completes landmark drydocking for COSCO Shipping Energy PPG has completed the first drydocking project for COSCO Shipping Energy Transportation using the electrostatic application of its PPG SIGMAGLIDE® fouling release coating. The project was carried out on the Yuan Chun Hu, a 333-meter crude oil tanker owned by COSCO Shipping, at the Liuhengdao shipyard in Zhoushan, China. The vessel's underwater hull was coated with PPG Sigmaglide 2390, while the b
Common Challenges in Full Cycle Game Development Outsourcing and How to Overcome Them Outsourcing full-cycle game development can be a game-changer (pun intended) for studios looking to bring their vision to life without the overhead of an in-house team. It's efficient, cost-effective, and allows access to specialized expertise from all over the world. But-it's not all smooth sailing. While outsourcing offers a world of possibilities, it also comes with its own set of challenges.
cargo-partner to boost efficiency at iLogistics Center Vienna Austria-headquartered freight forwarder cargo-partner is implementing the cutting-edge AutoStore system at its iLogistics Center near Austria's Vienna International Airport. Part of Nippon Express Holdings Inc Group, cargo-partner is automating processes at its iLogistics Center in Vienna through the introduction of the AutoStore system. The large-scale project was carried out in collaboration wi
Port of Santos: Battleground for Industry Giants DP World has entered into a significant long-term strategic agreement with Maersk to bolster maritime services at its terminal in the Port of Santos, Brazil. This eight-year agreement underscores Maersk's willingness to introduce additional long-term services and maintain a minimum service level. In the first year, the Danish ocean carrier will launch six new services with eight weekly calls, inc
Hapag-Lloyd announces GRI from India and Pakistan to USEC Hapag-Lloyd will implement a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian ports of Nhava Sheva, Mundra, Hazira and Pipapav, as well as Pakistan to the East Coast of the United States. The GRI/GRA of US$500 per box will apply to cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. The German ocean carrier s
Navigating Chokepoints: Analyzing Key Transit Routes The US Federal Maritime Commission (FMC) has launched an extensive investigation into seven key maritime chokepoints that are significantly affecting global shipping. The investigation, known as FMC-2025-0005, aims to scrutinize transit limitations at crucial waterways, including the English Channel, Malacca Strait, Northern Sea Passage, Singapore Strait, Panama Canal, Strait of Gibraltar, and th
Plastic pellet pollution detected in North Sea Following the collision in the North Sea between the container ship Solong and the tanker Stena Immaculate, industrial plastic pellet pollution has been detected in the water near a bay approximately 70 kilometers south of the accident site, as well as along a 30-kilometer stretch of coastline that includes several nature reserves. According to British authorities, the observed pellets are charre
ICTSI's Matadi Gateway Terminal enhances cargo handling capabilities International Container Terminal Services, Inc. (ICTSI)-operated Matadi Gateway Terminal (MGT) continues to strengthen its operational capacity with the recent acquisition of four new hybrid and automated rubber-tired gantries (RTGs). The new machines will expand the terminal's RTG fleet to eight units. After commissioning, the RTGs are expected to further improve yard productivity. "With these a
CII welcomes three new Board members The Containerization & Intermodal Institute (CII), a non-profit organization dedicated to advancing international trade and intermodal transportation, announces the addition of three industry leaders to its board of directors. Joining the board are Nick Fafoutis, Executive Vice President at American President Lines (APL); Giancarlo Morgera, Executive Vice President of Liner Services at MSC Medite
Oil spill emergency at Keelung Port as Kanway Lines ship leaks 100 Litres Kanway Global has been leaking bunker fuel in Taiwan's Keelung port since 16 March, causing seven other ships docked nearby to be tainted. The leak happened shortly after the 1998-built, 1,675 TEU Kanway Global was refueled after 10 pm local time. Local reports suggested that too much fuel was pumped into the vessel, causing the oil spill. After being informed, Taiwan International Ports Corporat
Li family accused of betrayal in Hutchison terminal sale Chinese state media Ta Kung Pao has accused the owners of CK Hutchison of betraying the interests of the Chinese people, following the company's announcement that it would sell its international terminal portfolio to a consortium of Blackrock and MSC subsidiary TiL. Last week's announcement that the US$22.8 billion deal was agreed in principle did not elicit an immediate response from Chinese aut
Hapag-Lloyd increases rates for Asia - Americas shipments Hapag-Lloyd announced a General Rate Increase (GRI) from Asia to the West Coast of South America, the East Coast of South America, Mexico, Central America, and the Caribbean. This GRI will apply to cargo transported in 20' and 40' dry containers, including high cube equipment and 40' non-operative reefers. The new rate increase will apply from 1 April for all the following destinations and from 1
Titan conducts first bunkering for MOL under new contract Titan Clean Fuels (Titan) and Mitsui O.S.K. Lines (MOL) have completed the first LNG and liquefied biomethane (bio-LNG) bunkering operation as part of a new multi-delivery contract for MOL's vehicle carrier fleet. On 16 March, Titan's LNG bunkering vessel, Alice Cosulich , supplied 500 tons of bio-LNG and 400 tons of conventional LNG to MOL's vehicle carrier Celeste Ace . The simultaneous operati
ClassNK grants AiP for large ammonia-powered carrier ClassNK has awarded an Approval in Principle (AiP) for a large ammonia-powered ammonia carrier, jointly developed by Mitsui O.S.K. Lines (MOL), Namura Shipbuilding, and Mitsubishi Shipbuilding. Designed for low-emission transport of large ammonia volumes, the certification confirms the vessel's feasibility from both regulatory and safety perspectives. As a zero-carbon fuel, ammonia is gaining tra
Hanwha takes stake in Australian shipbuilder Austal South Korean business conglomerate Hanwha Group now holds a 9.9% stake in Australian shipbuilding firm Austal, according to an exchange filing. The filing revealed that Hanwha, which had its US$650 million takeover bid rejected by Austal last year, acquired 41.2 million shares at A$4.45 (around US$2.85) per share. It is important to note that last year, Hanwha, which runs the yard formerly known
Folk Maritime installs monitoring technology on its dry container fleet US-based container visibility solution provider ORBCOMM has partnered with Saudi Arabia's Folk Maritime Services Company to implement smart container monitoring technology across the ocean carrier's entire fleet. This milestone makes Folk Maritime the first Middle Eastern container shipping line to deploy a smart dry container fleet. "ORBCOMM's technology will enable us to further digitalize our
California and Shanghai proceed with green shipping corridor initiative Transportation and environmental policy leaders from California state agencies and the ports of Long Beach, Los Angeles, and Shanghai gathered on 12 May to discuss ongoing maritime decarbonization efforts. The discussions focused on the development of a Green Shipping Corridor between California and Shanghai. Hosted by the Port of Long Beach, the California-Shanghai Maritime Decarbonization and G
Iran secures trade deals and boosts TEU handling despite US pressure Despite intense pressure from the United States, recent reports indicate that Iran is working to strengthen its position in global trade by investing in projects to enhance its shipping capabilities
Japanese JV to construct new container port in Bangladesh A joint venture of Japanese construction groups Penta-Ocean Construction and TOA Corporation has been chosen to build the new Matarbari port in Bangladesh
HMM launches pilot project for onboard 3D printing system HMM has initiated a pilot demonstration of an onboard 3D printing system aboard its 9,000 TEU container ship HMM GREEN. The goal of this project is to evaluate the system's functionality under actual sailing conditions and assess its potential for producing maintenance parts on board. The '3D Printing Digital Workshop' installed on the vessel utilizes metal powder to create durable stainless stee
Concerns raised as plastic pellets wash up after North Sea collision Plastic pellets have washed up on shore following last week's collision between the Stena Immaculate tanker and the containership Solong in the North Sea, raising concern among conservationist groups. The UK's Maritime and Coastguard Agency (MCA) said on Monday it was advised by the Royal National Lifeboat Institution (RNLI) of a sheen in the sea ...
Permit for New Jersey offshore wind project pulled by Trump's EPA The US Environmental Protection Agency (EPA) has revoked a permit for New Jersey's first offshore wind energy farm potentially stopping it in its tracks. An Environmental Appeals Court Judge remanded a Clean Air Act permit, issued in September last year, back to the EPA. This occurred less than two months after US president Donald Trump ...
New study to assess growth of UK-built offshore wind vessels UK's Offshore Renewable Energy (ORE) Catapult, in partnership with the National Shipbuilding Office and The Crown Estate, has appointed APCL Cammell Laird to carry out a detailed analysis of the future market opportunity for UK-built ships in offshore wind. With over 850GW of offshore wind capacity expected to be installed globally by 2050, there is ...
MOL returns to Samsung for more VLECs Japanese shipowner Mitsui OSK Lines (MOL) has penned a new shipbuilding deal for very large ethane carriers (VLECs) in South Korea. The Tokyo-based company has contracted Samsung Heavy Industries for two 100,000 cu m newbuilds, taking its orderbook at the Geoje shipyard to five. The 230-m-long ships, equipped with ethane dual-fuel engines, will be delivered ...
Enshore Subsea nets export cable deal for Scottish offshore wind farm UK-based Enshore Subsea has won an export cable installation deal on Scotland's Inch Cape offshore wind farm. Inch Cape will have two 85-kilometre, 220kV, 3-phase export cables which, based on their diameter and weight, are amongst the largest export cables in the world. Each cable will be delivered in three sections requiring offshore field joints. ...
Pirates board tanker off São Tomé and Príncipe Panama-flagged asphalt/bitumen tanker Bitu River was boarded by three armed pirates late last night off São Tomé and Príncipe. Shots were reportedly fired, and the status of crew in the citadel is currently unknown. The vessel had an estimated freeboard of 5.1 m when the boarding took place, according to Ambrey, a maritime security specialist. ...
Box charter to freight rate ratio hits record high of 289% Containership utilisation has slipped below 90% on many of the sector's biggest tradelanes, while the gap between box freight rates and charter rates has hit an all-time high. Data from Linerlytica shows boxship utilisation on three of the four main tradelanes has fallen below 90%. Splash estimates suggest that at today's freight rates, liners can ...
Red Sea transits off limits for most as Israel pounds Gaza The majority of the global merchant fleet is expected to keep away from the Red Sea for the foreseeable future as the security situation in the region worsens. The Israeli military has carried out extensive strikes overnight along the Gaza Strip after talks to extend the ceasefire failed to reach an agreement. It was the ...
Nick Potter takes the reins at AET AET, a tanker firm controlled by Malaysia's MISC, has appointed Nick Potter, a well-known name in Singapore shipping circles, as its next president and CEO. Potter, a former seafarer, brings over 35 years of experience in the maritime and energy sectors, having led commercial, technical, and operational teams globally in previous positions as regional head ...
Hanwha buys Austal stake South Korea's Hanwha Group has taken a 9.9% stake in Australian shipbuilder Austal almost a year after it proposed a full takeover. Hanwha on Tuesday said it had acquired 41.2m shares in Austal, paying A$4.45 a share. Hanwha said it aims to become a long-term strategic partner to the Australian shipbuilder rather than pursuing a ...
DP World and Maersk sign long-term agreement to expand services in Brazil DP World has signed a long-term strategic agreement with Maersk to expand maritime services at DP World's terminal in the Port of Santos, Brazil. DP World operates one of the country's largest private terminals at the Port of Santos. Under the terms of the eight-year agreement, Maersk will introduce additional long-term services and maintain a ...
The next big maritime tech breakthroughs In the second instalment of our brand new magazine, Maritime CEO canvasses the industry on all things tech. For Mikael Skov, who heads up Hafnia, the world's largest product tanker owner, artificial intelligence emissions reduction and autonomous vessels are likely going to be the biggest tech breakthroughs in general in the industry due to their ...
Crowley's US-flagged gas carrier to ship LNG from US Gulf to Puerto Rico Amidst the Trump administration's push to grow the US-flagged fleet, Crowley announced its recently acquired- and- reflagged liquefied natural gas...
LNG shipping rates have bounced off bottom but they're still very weak Good new for LNG shipping: Spot rates have increased substantially from lows reached in recent months. Bad news for LNG...
Pirates board asphalt tanker in Gulf of Guinea The Gulf of Guinea has been quieter in terms of piracy activity in recent years, but still remains a kidnapping...
Caught between profits and patriotism: Li Ka-shing family port deal draws China's glare Li Ka-shing's business empire thrived by adapting to changing times, but his latest move - selling port assets to a...
TEN says new Petrobras shuttle tankers should gross $2bn Nikolas Tsakos-led owner aims to become number one pick for oil majors' long-term requirements
Trade wars and ceasefires can both boost dry bulk, in eyes of United Maritime Nasdaq-listed owner reduces dividend but extends share buyback period after fourth quarter and 12-month net loss
DP World and Maersk sign long-term Brazilian expansion agreement Dubai-based logistics giant operates Embraport, the biggest terminal at Santos, which is Brazil's (and indeed Latin America's) biggest container port
Norwegian Hull Club rakes in record profits after 'uneventful' 2024 Absence of major claims, exceptionally low claims cost and significant surpluses from underwriting and investment hit sweet spot for marine...
Asian container lines team up to launch new Mexican route Seven container liners behind new liner loop that will set sail between Asia and Mexico from April 30
Russian master of Solong appears in British court Plastic nurdles spotted in the water and on UK shores, which while not toxic can pose a risk to wildlife
Hanwha invests in Aussie shipbuilder Austal Hanwha is aiming to be the largest shareholder with a 19.9% stake upon receiving Australian government approval
The Daily View: A list of problems, not solutions Tankers and GasPolitical Risk and TradeEU
AET appoints Shell veteran as new chief Potter will also join parent company MISC Group's executive leadership as vice-president for petroleum and products, as outgoing AET chief...
MOL secures charters for two more newbuild VLECs with SCG Chemicals The Japanese shipping group has ordered another pair of VLECs from South Korea to serve the Thai petrochemical firm's manufacturing...
Daily Briefing Escalation in Red Sea threat expected after US air strikes | Beijing ups political rhetoric over CK Hutchison port sale...
Trans-Atlantic air cargo demand surges ahead of US tariffs The automotive sector is driving the unseasonally strong volumes as manufacturers expedite shipments from Europe to the US to avoid new duties coming in April.
Is there an option for carriers to take 'hub-and-spoke' to next level? Running loops with fewer ships will not be the current priority for an oversupplied industry, but new entrants may be more inclined to look at a lean, efficient product that has a competitive service edge in the key hubs it serves, writes Jeremy Masters.
Revised US payroll numbers underscore truckload market shift A revision to monthly employment data shows a smaller pool of employees at for-hire trucking companies and a potential tilt toward brokers and small carriers.
Putin agrees in call with Trump to negotiate 'maritime ceasefire' Russian president agrees to ceasefire on energy and infrastructure
Proposed Trump port fees would hurt US economy with congestion and higher costs, Bimco warns But for maritime history professor, Chinese dominance puts US in a situation it has faced before
All eyes swivel to LNG Canada export launch as lone cool down shipment homes in on new plant Build up to first long-signalled export in mid-year starts to get real
Crowley LNG carrier debuts on Puerto Rico run after returning to US flag Elderly steam turbine vessel makes history
Capesize spot rates rally takes a break on slower market activity Average rates have surged by over 258% this month
Tsakos Energy eyes $2bn revenue from 'milestone' Petrobras shuttle tanker deal Long-term deal highlights Greek owner's 'industrial' approach to shipping
Stena Line orders rotor sails for ro-ro newbuildings from Norsepower Stena Line expects 9% fuel savings for methanol hybrid ferry
Crowley US re-flagged LNG carrier debuts on Puerto Rico run Elderly steam turbine vessel makes history
Gard CEO Rolfe Thore Roppestad's salary package tops $1m Market leader reported record-high premiums over past 12 months
Nurdle cargo spilled after fiery North Sea collision Building blocks for plastic products are washing up on east England coastline
Seanergy spin-off United Maritime curbs dividend on panamax woes Bulker owner remains optimistic about future market conditions and its offshore investment
Motion Ventures launches 'largest' maritime-focused tech fund to date More than half of Fund II's target has been raised, with investments already made in two companies
Windward delists in London as FTV Capital takeover completed Predictive maritime intelligence operation becomes US company
Russia sends crude to Syria as sanctioned tanker heads south Moscow seeks a foothold in country after the collapse of the Assad government
Evergreen triples profit to $4.3bn as it reaps Red Sea dividend Taiwanese liner giant will pay out half of earnings to shareholders
Offshore vessel rates still riding high as subsea tonnage proves scarce, brokers say Clarksons and Hagland believe markets are broadly positive, but offshore wind has to watch the orderbook
'Carriers got a little too bold': Chasm opens between freight and charter markets Can the container charter market stay strong as freight rates continue to tumble?
Shots fired as tanker boarded off West Africa in suspected kidnapping incident Panama-flagged vessel raided by five armed men
Greek bulker's propeller woes land owner in hot water Maritime authority says KMAX Leader had to be towed to an overseas port
BSM adding first LNG dual-fuel car carriers to managed fleet Ship manager poised to bring in a sister ship later this year
Iranian oil subsidiaries sued by Ukrainian for $95m over ship ramming fallout Swiss-based businessman claims companies took advantage of financial strife to renege on deal
Shots fired as contact lost with tanker boarded off West Africa in suspected kidnapping incident Panama-flagged vessel raided by five armed men
Marathon man meets sprinter: The shipping veterans 'doing insurance' Leadership team at insurance broker Oneglobal tell how the adaptable thrive in a changing world
Maersk faces demonstration at annual meeting over Israeli shipments Pressure groups alleging giant owner has carried weapons to Israel
Fearnley raises Torm profit forecast but sees no big catalysts for rates Investment bank says market for product tankers is back to a more usual seasonal pattern
LNG period and spot rates trend up as charterers make their moves Japanese, Chinese and Turkish charterers emerge for tonnage as sentiment improves
Norton Rose's Manik Verma joins Fichte & Co to head ship and aviation finance practice New partner at Dubai-based law firm said to bring 17 years experience working at top-tier British rivals
Banged up abroad: The women fighting to free their seafarer husbands from a Turkish jail Harrowing case emerges as unions urge 'special protection' for seafarers
Harry Vafias strikes twice in Japan as group stacks up kamsarmax buys Greek owner avoiding Chinese-built ships as his group exceeds the 90-vessel mark
Talks on Hutchison Ports deal would have begun before Trump presidency, says Drewry Deal's enterprise value of $22.8bn dwarfs every other port deal
MOL orders two more VLECs against long-term charter contracts from Siam Cement Japanese giant now has a total of five 100,000-cbm vessels on order at Samsung Heavy Industries
Bangladesh Shipping Corp plots return to container shipping Talks with South Korean yards for six feeders costing $300m are part of wider project
Nick Potter joins tanker giant AET as its new chief executive Former Shell veteran also assumes role of vice president of petroleum and products at parent company MISC
Norton Rose's Manik Verma joins Fichte & Co to head ship and aviation finance practice New partner at Dubai-based law firm said to bring 17 years experience working at top-tier British rivals
MOL car carrier bunkers LNG and bio-LNG under new Titan contract Japanese shipowner vows to be an early-adopter of both bio - and synthetic LNG as fuels
'Wind doesn't have any cycle': Why Marco Polo went all in on offshore wind TradeWinds joins CEO Sean Lee on his company's first custom newbuilding for the offshore wind sector
Canada ports facing container delays due to weather, rail issues Canadian ports on both coasts are grappling with extended dwell times, according to forwarder DHL's March ports update.
Another cargo airline downsizes operations as parcel business dries up Several small or midsize airlines that operate freighter aircraft are giving up on cargo flying to focus on business-to-business passenger flying and subleasing aircraft because of limited business opportunities.
Wan Hai Lines sees record revenue, profit Wan Hai Lines, one of the Big Three Taiwanese container carriers, saw record revenue and profit in 2024.
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