Two yards bid to build WSF hybrid-electric ferries Back in October last year Washington State Ferries (WSF) said that three shipyards - Eastern Shipbuilding Group in Florida, Philly Shipyard in Pennsylvania and Nichols Brothers Boat Builders on Whidbey Island, Wash.
Conrad names Cecil A. Hernandez its new president and CEO Morgan City, La.-headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) today named Cecil A. Hernandez its president and chief executive office with Johnny Conrad assuming the position of executive chairman and remaining
Hiab to invest over US$20 million in expanding and modernising Raisio Multilift facility Hiab is committing €19 million (US$21.3 million) to expand and modernise its Multilift demountables production site in Raisio, Finland. The investment aims to upgrade both the production and office facilities, integrate energy-efficient technologies to lower energy consumption, and create a new showroom space. Construction is scheduled to begin in autumn 2025, with project completion expected by
Iran's shipping industry poised for revival as nuclear deal talks resurface The potential revival of a nuclear agreement between Iran and the United States is raising hopes for a long-awaited resurgence in Iran's shipping industry
Deals with DP World and CMA CGM mark Syria's return to global trade map The Syrian government has entered into a landmark US$800 million memorandum of understanding with Dubai-based port operator DP World to transform the Port of Tartus. The agreement outlines plans to develop, manage, and operate a multi-purpose terminal, alongside the creation of industrial and free trade zones aimed at revitalizing Syria's war-battered economy. The announcement came during a pivot
Shippers wary of market manipulation via capacity management A flood of new tonnage in the early part of this year suggests container rates will inevitably head into decline, but a series of unexpected events have benefitted lines up to now, with the latest boost from US tariffs. Certainly, spot rates out of China to the US west and east coasts have surged by US$745 and US$734/FEU, respectively, but market commentators do not hold any long-term expectation
CMA CGM implements PSS from Med to North America French ocean carrier CMA CGM will introduce a Peak Season Surcharge (PSS) on shipments from the Mediterranean to the U.S. East Coast, U.S. Gulf, and Canadian East Coast, including all inland destinations served via these ports. Effective 15 June 2025 until further notice, the following surcharges will apply: From the Mediterranean (including France - Fos/Marseille, Portugal, Italy, and Spain - Al
HMM to buy back US$1.4 billion of shares to boost corporate value HMM will buy back up to KRW 2 trillion (US$1.4 billion) of its own shares by the end of June, to be held as treasury stocks
Port of Charleston maintains stable volumes in April In April, the Port of Charleston handled 215,804 TEUs and 118,215 pier containers, which is flat compared to the year prior. Container volumes remained relatively consistent in April, following two months of container growth, according to SC Ports. Vehicle imports and exports at the Port of Charleston totaled 12,339 in April, representing a 32% decrease from last year, while railed cargo continue
Premier Alliance announces Transpacific service updates The Premier Alliance of HMM, Yang Ming, and Ocean Network Express (ONE) has announced changes to its Transpacific West Coast service network. The new PS5 service is scheduled to commence operations in June, accompanied by corresponding adjustments to the PS4 and PS6 services. PS 5 (Pacific South 5) - New Service Rotation: Qingdao (China) - Ningbo (China) - Long Beach (US) - Oakland (US) - Kobe (J
MSC increases rates from Far East to Sub-Saharan Africa and Indian Ocean Swiss/Italian container line MSC has announced the following new freight rates, from all Far East ports (including but not limited to ports in Japan, Korea and Southeast Asia) to all Sub-Saharan Africa and Indian Ocean ports. The updated rates will be effective from 1 June 2025 until further notice, but not beyond 14 June 2025. If you liked this post, please consider donating The post appeared f
Port of Hamburg: Only major European port with Q1 container growth The Port of Hamburg handled 2 million TEUs in the first three months of the year, representing a 6.3% growth year-on-year. For the same period, the German port recorded seaborne cargo throughput of 28.3 million tonnes, translating to a 3.1% year-on-year increase. Hamburg is, therefore, the only one of the three largest European ports (Rotterdam, Antwerp-Bruges, and Hamburg) with a positive trend
Evergreen posts strong Q1 results with double-digit growth across key metrics In the first quarter of 2025, Evergreen Marine Corporation reported a 23% year-on-year increase in revenue, reaching TWD 110 billion (US$3.3 billion). The Taiwanese ocean carrier also saw a substantial rise in profitability. Operating profit surged by 88% to KRW 29.3 billion (US$883 million), while net profit rose by 53% to KRW 27.8 billion (US$838 million). During the same period, Evergreen move
Hapag-Lloyd applies contingency surcharge on North America - Pakistan shipments Hapag-Lloyd has announced a contingency surcharge (CSU) between Pakistan and North America, including the United States and Canada. The surcharge will be in effect from June 1 for shipments between Canada and Pakistan and from June 16 for shipments between the US and Pakistan. The surcharge details are listed below: From Pakistan to North America: US$500 per container From North America to Pakist
MSC revises East-West trade network Swiss/Italian ocean carrier MSC will disconnect its Europe-Far East Swan and Far East-US West Coast Sentosa services and combine the latter with the Far East-Middle East Clanga service to create the Sentosa-Clanga pendulum. According to DynaLiners, the new East/West service network configuration will be as follows: Swan (served by 15 ships): Busan (South Korea), Ningbo (China), Shanghai (China),
Long Beach prepares for cargo downturn after months of gains Following its strongest April on record and 11 consecutive months of cargo increases, the Port of Long Beach is preparing for a double-digit decline in May shipments. The Californian port moved 867,493 TEUs in April, translating to a 15.6% increase from the same month last year and surpassing the previous record set in April 2022 by 5.7%. Imports rose 15.1% to 419,828 TEUs, exports decreased 4.5%
Less than one in five working in maritime today are women Ahead of Sunday's International Women in Maritime Day, a new, giant survey jointly conducted by the International Maritime Organization (IMO) and the Women's International Shipping & Trading Association (WISTA) shows how shipping remains a male-dominated industry, with women making up just 19% of the total workforce sampled. At sea, that figure drops to just 1%. ...
Solstad Maritime lists in Oslo Norwegian offshore vessel owner Solstad Maritime has officially rang the bell on the Oslo Stock Exchange. The price of Solstad Maritime shares opened at NOK 22.6 ($2.18) per share. Market capitalisation was NOK 10.5bn ($1bn) on the day of listing. The company did not raise additional capital as part of the listing. Solstad Maritime is ...
Shanghai spot box rates to US west coast leap 31% in just one week Friday's weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped 22% as shippers rush to make the most of a 90-day mini-reprieve in the ...
China smashes car carrier size records twice in less than a month China has broken the record for the world's largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China's giant car manufacturer SAIC. The world's largest car carrier in terms of capacity set sail on ...
Saudi liner Folk Maritime grows fleet with triple acquisition Saudi Arabian liner newcomer Folk Maritime is pressing ahead with fleet expansion by adding three more vessels. The Riyadh-based feeder owner and operator, led by former Hamburg Süd boss Poul Hestbaek, has acquired the 702 teu Folk Yanbu, 1,118 teu Folk Jubail and the 1,868 teu Folk Dammam, taking its owned fleet to five ships. ...
Tidewater scores PSV work with Spirit Energy Offshore support vessel owner Tidewater has bagged a charter deal for its platform supply vessel Troms Lyra in Norway. Offshore shipbrokers stated the 2013 Vard-built PSV won a fixture for around 100 days with Spirit Energy. It will provide supply duties for the plug and abandonment jackup rig Well-Safe Protector. Well-Safe Solutions was awarded two contracts ...
Megamas taps German shipyard for cable layer construction Singapore-based offshore service provider Megamas Resources has signed a letter of intent with German yard Lloyd Werft Bremerhaven to begin advanced discussions for the potential construction of a new multi-purpose cable laying vessel with an option for a second unit. Megamas said that the project, being done in partnership with Crewstone International Private Equity and ...
DP World invests in Syria The Syrian government and DP World have signed a memorandum of understanding worth $800m to develop Syria's port of Tartous. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. Syria is seeking to attract foreign investments to boost its struggling economy, and the ...
HD Hyundai pitches port cranes to US Trade Representative Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes. As well as meeting with government officials, Greer sat down with HD Hyundai vice chairman Chung Ki-sun with the pair discussing his shipyard's ...
Beyond the certificate: using technology to build and assess competence The scale of the training challenge is well-known and new approaches are emerging to meet it, writes Jennifer Harrison, vice president of ABS Training Solutions. Decarbonisation and digitalisation present a decades-long challenge to the shipping industry and there is a growing realisation that their impact will be felt most keenly by the people on whom ...
How to profit from FuelEU Maritime As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm OceanScore. "FuelEU isn't just another penalty," ...
HMM celebrates landmark electronic bill of lading transaction The Digital Container Shipping Association (DCSA) has provided details of the world's first successful standards-based, interoperable electronic bill of lading (eBL) transaction, something the organisation claims marks a "significant advancement toward secure, scalable, and truly paperless global trade". Despite the availability of digital alternatives for years, eBL adoption has remained constra
Ship damaged as Israel strikes two Houthi-controlled ports The IDF launched more airstrikes against the Houthis on Friday, targeting the ports of Hodeidah and Al Salif
Bombarded Ras Isa port resumes operations as security and sanction threats linger US air strikes in April wreaked havoc on Ras Isa, but the port, which relies on rudimentary infrastructure to slowly...
Make no mistake, shipping is failing women For all of the back-patting the industry has done, the numbers make it quite clear that women are still not...
Decarbonisation is a bright spot for women in shipping The green shipping arena is far more diverse than other parts of the industry, but there is still a way...
CMA CGM posts strong first quarter as it adapts to more complex market environment CMA CGM Group chief Rodolphe Saadé said the company would control costs and strengthen its positions in growth markets, as...
The future is on hold: uncertainty stymies shipping strategy As economic stability crumbles and geopolitical tensions flare, any short-term upside from the current disruption is being outweighed by fears...
Transpacific rates spike but Walmart warns that China tariffs are 'still too high' The China-US container trade has suddenly flipped from famine to feast. How long this lasts hinges on how American importers...
Containers: uncertainty reigns as tariff turmoil and overcapacity looms Container shipping in 2025 remains volatile, with Trump's trade policies fuelling uncertainty. While the global trade war dominates headlines, a...
LNG shipping: outlook mired by vessel glut and China demand woes despite US-China trade truce Despite easing China-US trade tensions, the LNG shipping market remains under pressure as weak Chinese demand, Beijing's ongoing tariffs on...
DP World seals agreement for $800m Syrian port development UAE port and logistics giant follows CMA CGM in announcing intentions to invest in the Middle East country, after signing...
Klaveness Combination Carriers keeps faith in hydrid commodities carrier model Combination carriers solve large efficiency problems in the trades they are employed by limiting ballast voyages
Amsterdam residents warned as bulker blazes The fire on board the supramax began on May 15 and is ongoing, the Dutch fire brigade said in its...
The Daily View: Protection racket
Shipping at 'critical juncture' when it comes to gender diversity, report says Despite some positive shoots, the 2024 IMO/Wista Women in Maritime Survey shows opportunities in the industry 'continue to be limited'
Daily Briefing Dark fleet politics escalate as Russia scrambles jet to protect 'nationless' tanker | Reed Smith loses costs action against sanctioned...
MSC, Zim plan to rework Asia-US Gulf network as demand drops MSC plans to provide all of the tonnage in a US Gulf service with Zim slated to get a lower share of slot space as weaker demand forces service changes.
Ocean carriers line up hefty rate hikes on oversupplied Asia-Europe trade The carriers want to raise prices by more than 50% in a bid to stem the slide in rates that began at the end of December and is showing no signs of slowing.
CMA CGM fleet will not need to pay Chinese tonnage tax: CFO With less than half the CMA CGM's fleet built in China, CFO Ramon Fernandez believes US services can be structured to avoid the incoming tonnage fees.
Norden continues MPV expansion amid 'strong projected demand' The Denmark-based carrier has been growing its multipurpose vessel (MPV) fleet since entering the project cargo sector with the acquisition of Thorco Projects in 2023.
High-and-heavy shippers sound alarm on rising tariff costs Caterpillar and Deere are counting the sizeable costs of tariff-related expenses, even with the announced 90-day tariff pause between the US and Chin
Africa's future seafarers? Not if women keep being shut out, says Nigeria LNG adviser From deck officer to advocate, Koni Duniya takes up the battle for gender equality in West Africa's maritime industry
IMO head brands maritime gender imbalance as 'worrying' International Day for Women in Maritime event highlights more progress needed on diversity
UK Rich List: Idan Ofer, Reuben Brothers and John Fredriksen add billions to wealth Eastern Pacific Shipping billionaire adds £5.2bn to wealth in a single year
Reframing the narrative for women in maritime Lloyd's Register Foundation's initiative expands Rewriting Women into Maritime
CMA CGM profit hits $1.12bn as Rodolphe Saade warns of uncertain times ahead Senior management of French line adopting positive outlook in face of tariff tensions and geopolitics
Arkas Line returns to China for container ship newbuildings Turkish company's newbuilding programme may reach a dozen vessels and cost $660m
Suezmaxes beating aframaxes as preferred Black Sea workhorse, says Signal Greek group says success of tanker size is down to economies of scale
'I'm not sure what they are seeing': Petros Pappas muses on Chinese thirst for old bulkers Far East buyers have a keen interest for the kind of ageing vessels Star Bulk is shedding
'It's not my job to save the world': New Bimco boss talks tariffs, decarbonisation and seafarers New president discusses the big issues swaying the industry
Asian shipping stocks surge as carriers front-load shipments and tariff relief rally kicks in Companies using the 90-day window to beef up business
Norwegian 'shadow fleet' insurer probed by specialist crime team Oslo-based Ro Marine is under investigation over alleged fake shadow fleet papers
Container spot rates jump by one-fifth on transpacific volume surge Further rises expected while carriers drive to reinstate capacity
New Russian oil transfer hotspot emerges as two aframaxes load VLCC Tracking shows first exchange of ESPO crude in Kitovy Bay
VLCC employment could hit 10-year high this summer, Okeanis says Greek owner upbeat on utilisation levels as Middle East volumes increase
Container spot rates jump by a fifth on transpacific volume surge Further rises expected in the time it takes for carriers to reinstate capacity
Chronic lack of young female seafarers highlights shipping's diversity crisis IMO and Wista shocked at low percentage of women on board
Teekay tankers first to adopt emissions reporting by ZeroNorth and DNV Canadian group becomes initial client of new end-to-end carbon verification service
Wavelength podcast special: On women, and men Hosts Holly and Craig talk to Anne Jensen, COO at Norden, and Matt Duke, CEO Grieg Group
VLGCs break $50,000 barrier for first time in seven months Tariff pause and tighter Asian market pushing rates higher
International Seaways teaming with V.Group on female cadet programme Announcement timed for International Day for Women in Maritime
Peace dividend may boost bulker market in the second half, says Petros Pappas Possible reconstruction of war-torn regions can provide upside, argues CEO of bulker giant Star Bulk
Seafarer critically ill after engine room fire on Maersk container ship Tug has arrived in mid-Atlantic to tow stricken vessel to Bahamas
Fire-hit Greek tanker finally gets towed to safety after drifting in Indian Ocean Damages from engine room fire on Coral Shipping product carrier turned out to be minor
Africa and women are an obvious answer to global seafarer shortage 'Maritime dream' can be accessible, although barriers still need to be overcome, academic finds
Pakistani VLCC crew members barred from leaving tanker in India Incident highlights increased tensions between neighbours
Harry Vafias bulker and tanker company sees risk and reward in turbulent 2025 C3is chief executive Diamantis Andriotis expecting market shocks ahead
Houthi-hijacked car carrier crew nominated for top bravery award Seafarers were held for 14 months by Yemen-based group before their release
Seafarer critically ill after engine room fire on Maersk containership Tug has arrived in mid-Atlantic to tow stricken vessel to Bahamas
'We must redouble our efforts,' IMO calls for action on gender diversity setback Women in sector down to under 19%, according to IMO-Wista report
Happy Hafnia more likely to be seller than buyer, says boss Mikael Skov Product tanker giant is still looking to clear out older tonnage before considering acquisitions
Profit soars at Fredriksen-backed DOF after Maersk Supply Service takeover Norwegian owner says performance of acquired Danish ships can still improve
Mitsui OSK Line invests in tech firm to bring land-based success to maritime Singapore-based VFlowTech has developed long-duration batteries based on vanadium metal
How Lady Gaga can help shipping clear an insurance claim hurdle faster Lauded performance at Paris Olympics followed rapid repairs to River Seine bridge after tourist boat strike
Norwegian investor Espen Galtung Dosvig back in for Klaveness Combination Carriers shares EGD Shipping Invest building back some of the position it sold off last year
Financial and human costs rise as nations snub stowaways Shipowners and insurers left with bills for escorts, security and deviation from routes
Pakistani VLCC crew members barred from leaving tanker in India Incident highlights increased tensions between neighbours
Barclays and Reed Smith face trial in row over failed tanker sale to sanctioned shipowner Law firm fails with legal costs bid in fight over cash held in escrow account
Robert Christiansen: Placing Arctic at the top of the map for shipping in the Nordic bond market
More tankers to switch to Iranian crude from FO when discharging in China Kpler also noted more elaborate AIS spoofing as sanctioned vessels seek to disguise cargo origins
Long Beach sees record TEUs on trade war effect The Port of Long Beach, California, saw record container volume as the China-U.S. tariff fight spurred frontloading by importers.
Last defendant in Polar Air Cargo fraud case sentenced to jail Polar Air Cargo is gone, but another person involved in a criminal conspiracy to defraud the company years ago just got sentenced to two years in prison.
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