JAG Alaska wins $95.4M NOAA Oscar Dyson contract NOAA has awarded the JAG Alaska Inc. shipyard in Seward, Alaska, a $95,408,666 contract to complete expanded upgrades and maintenance on the NOAA Ship Oscar Dyson. NOAA is working to maximize the
New Silverback OX truckable tug will have Schottel RudderPropellers Schottel is to equip a new OX truckable tug from Tacoma, Wash.-based aluminum workboat builder Silverback Marine with two type SRP 100 Schottel RudderPropellers. Designed in collaboration with Seattle headquartered Elliott Bay
NWSA reports growth YTD in 2025 despite May slowdown The Northwest Seaport Alliance reported a 10.2% increase in total container volumes for the year-to-date 2025, even as the month of May saw a notable decline. In May alone, total container throughput including international and domestic cargo stood at 250,851 TEUs, marking a 9.4% decrease compared to May 2024. Full international imports in May 2025 dropped by 21.2% compared to the same month in 2
Scenarios of shipping operations in the Strait of Hormuz amid persistent volatility As geopolitical tensions in the Persian Gulf intensify shipping operations in the region face growing uncertainty. Recent reports confirm that electronic interference, particularly GPS spoofing near Iran's Port of Bandar Abbas, has already caused vessel collisions and disrupted navigation systems
DHL Express France opens gateway at Lyon-Saint Exupéry airport DHL Express France has inaugurated its new gateway at Lyon-Saint Exupéry Airport, marking a major milestone coinciding with the company's 40th anniversary at the location. This new hub will handle both Time Definite International and Day Definite International shipments. Operations are set to begin this summer with direct access to the airport's runways, enabling the facility to process internati
Konecranes expands global rollout of electric container handlers Portlink Logistics Centre places an order for two Konecranes E-ACE 6/7 ECC10 DS electric empty container handlers. Scheduled for delivery by the end of Q3 2025, the units will be deployed at Portlink's container yard in Chattogram, supporting South Asia's largest inland container depot in its transition to more sustainable logistics. Portlink, already operating three Konecranes reach stackers, ai
Carrier alliances reshaped as MSC-Isabella marks end of 2M era The era of the 2M Alliance officially came to a close with the final voyage of the MSC ISABELLA, a 23,656 TEU vessel that symbolized the last joint sailing under the Maersk-MSC partnership. According to Alphaliner, this marks the end of the traditional alliance structure that long dominated the East-West trades, comprising 2M, THE Alliance, and the OCEAN Alliance. Source: @Alphaliner X profile. T
China reinforces BRI terminal investments in Kazakhstan The Belt and Road Initiative (BRI) continues to drive significant infrastructure investments in Central Asia, particularly in port and logistics facilities. The most recent development was the grand opening of the modern ZHETYSU container terminal, one of the key projects in the strategy of transforming Kazakhstan into a transport and logistics hub of Central Asia. Recent developments in 2025 hig
X-Press Feeders and COSCO SHIPPING Lines forge strategic partnership X-Press Feeders Group has entered into two significant agreements with COSCO SHIPPING Lines. Signed on 18 June 2025 by Francis Goh, Chief Operating Officer of X-Press Feeders, and Irene Cheng Jin, Deputy Managing Director of COSCO SHIPPING Lines, the agreements aim to enhance global network coverage, improve coordination between mainline and feeder operations, and boost service reliability. Under
Valenciaport sees modest decline in May traffic Valenciaport recorded a slight dip in overall container traffic for May 2025 representing a year-over-year decrease of 1.38%. Despite this modest decline, the port has moved 2,345,718 containers in the first five months of the year, showing a 4.6% rise compared to the same period last year,while it handled in total of 526,814 TEUs, 7,386 fewer than in May 2024. The overall growth is driven by str
Maersk launches new class with newbuilding naming ceremony Maersk has officially named the first vessel in a new class of 17,480 TEU dual-fuel container ships, the Berlin Maersk, at a ceremony held on 18 June at Hyundai Heavy Industries' shipyard in Ulsan, South Korea. This marks the 14th dual-fuel vessel to enter Maersk's fleet and introduces a new series of six sister ships set to be delivered by HHI throughout 2025. The Berlin Maersk will begin operat
What to Know When Shipping a Car: Essential Tips for a Smooth Process Imagine this: you've just bought your dream car in another state, or maybe you're relocating across the country. One thing is certain - that prized vehicle needs to get to your new destination safely, securely, and on time. But how? That's where car shipping steps in. It sounds simple - hand over the keys and wait for delivery. Yet, behind the scenes, there's an entire process full of decisions,
Why You Need a Complex Divorce Attorney for High-Asset or Disputed Cases Divorces with large assets, business interests, or intense disputes are difficult. In Washington, D.C., federal layoffs, uncertain real estate markets, and a possible recession have increased alimony requests, especially from former federal employees and those facing income loss, according to Axios.com. Macroeconomic factors can complicate high-stakes divorce settlements. People don't often reali
Iceland: Emerging Logistics Hub in North Atlantic? In 2025, Iceland is being quietly reexamined not just as a travel destination but as a potential logistics node in the evolving North Atlantic trade theater. While its domestic economy is modest (population ñ375,000, no railways, limited port infrastructure), global shifts in climate, geopolitics, and shipping routes are slowly elevating Iceland's logistical relevance - not for mass container thr
Soaring war risk insurance rates underscore rising tensions War risk insurance premiums for shipments to Israel have surged dramatically, now reaching levels up to three times higher than they were just a week ago, as the armed conflict between Israel and Iran entered its fifth day. According to Reuters, the cost of a seven-day voyage to Israeli ports is currently being quoted between 0.7% and 1.0% of the ship's value, compared to just 0.2% one week earli
Kongsberg Discovery to acquire underwater acoustics Leader Sonatech Kongsberg Discovery has announced the signing of an agreement to acquire Sonatech, a US-based expert in underwater acoustics. The acquisition is expected to close later in 2025, pending necessary governmental approvals. The acquisition will strengthen Kongsberg Discovery's footprint in the US defense and underwater technology sector, providing enhanced access to the US Navy and supporting the com
IMO urges swift action following UN Ocean Conference commitments Following the conclusion of the United Nations Ocean Conference (9-13 June, Nice, France), IMO Secretary-General Arsenio Dominguez has called for countries to swiftly translate their commitments into concrete and measurable action to protect the world's oceans and ensure sustainable maritime practices. Mr. Dominguez noted that it will take all stakeholders coming together, sharing information, an
Port of Long Beach sees decline in May May 2025 cargo volumes at the Port of Long Beach fell 8.2% year-on-year, as tariffs and retaliatory trade measures disrupted normal freight flows. However, with a temporary pause on tariffs expected to take effect soon, port officials anticipate a cargo surge by late June, ahead of the peak shipping season. Despite the May slowdown, the port has handled 4,042,228 TEUs from January through May 202
SeaLead launches Türkiye-Italy express service SeaLead has unveiled the Türkiye-Italy Express, a new direct, weekly service linking major Turkish ports with key Italian gateways. The route strengthens SeaLead's fast-expanding Mediterranean and European network and cuts transit times for shippers moving cargo between Asia, Türkiye, Italy and onward European markets. The rotation will be: Gemlik - Izmit - Istanbul - Aliaga - Salerno - La Spezia
Port of Singapore vs Shanghai: The battle for Asia's top maritime hub As of mid-2025, the title of Asia's top maritime hub is no longer a formality. While Shanghai continues to lead in container throughput, Singapore is gaining ground fast - not by replicating volume, but by redefining what it means to be a global logistics orchestrator. In this new phase of port competition, the real battleground isn't just cranes and containers. It's resilience, neutrality, autom
Freightos: Strait of Hormuz risks, US-China tariffs, and capacity realignments Global freight markets remain on alert following the outbreak of hostilities between Israel and Iran, although immediate impacts have been limited. Meanwhile, evolving dynamics in the US-China trade war, shifting shipping capacity, and fluctuating rates across key trade lanes are shaping a complex and volatile logistics landscape. Despite rising concerns, the Strait of Hormuz, a chokepoint for ne
Finnlines adds Gdynia to weekly North Sea service from Bilbao Finnlines is expanding its weekly service from the Port of Bilbao to the North Sea by adding the Polish port of Gdynia to its rotation. The new port call will be effective starting the week of 26 June, with sailings scheduled every Saturday. The enhanced service improves freight connections between Northern and Western Europe and provides direct access to Finnlines' and Grimaldi Group's broader g
"K" LINE and Yinson Production partner to develop offshore CO2 transport and injection solutions
K Line and Yinson partner for LCO2 solutions "K" LINE ENERGY SHIPPING and Yinson Production have agreed to jointly develop and market offshore solutions for the transportation and injection of liquefied CO2, targeting carbon capture and storage projects, particularly across Europe. The partnership will focus on the development of two critical technologies, floating ztorage and injection unit and liquefied CO2 carrier. One of the target proj
Philippe Louis-Dreyfus passes away One of the most famous names in French shipping has passed away. French shipowners' association Armateurs de France has revealed that Philippe Louis-Dreyfus, a leading figure in international shipping and former president of the organisation, has died at the age of 80. He left a lasting mark on the shipping sector at the helm of ...
Wilson Sons to support TotalEnergies offshore oil production in Brazil Wilson Sons, the largest integrated port and maritime logistics operator in Brazil, has signed a new agreement with TotalEnergies to provide logistics support to oil production activities in the Lapa field off Brazil. The field is located in the pre-salt layer of the Santos Basin, and Wilsons Sons will run support for operations through the ...
RINA acquires naval architects Foreship Italian classification society RINA has acquired Finnish naval architecture and marine engineering consultancy Foreship. The transaction, with an undisclosed price tag, includes the entire share capital of Foreship, previously held by private equity firm Vaaka Partners and the company's management. Helsinki-based Foreship, which employs more than 90 experts across eight international offices, wil
Singapore's Proteus teams with Symbio to bring automotive hydrogen fuel cell tech to shipping A new hydrogen fuel cell system tailored for maritime applications has been unveiled by Singapore-based Proteus Energy in partnership with French hydrogen fuel cell specialist Symbio. The modular system, known as the Proteus Maritime Fuel Cell Solution, is intended for deployment on vessels such as harbor craft, coastal ships, offshore support vessels, and inland waterway ...
Hagland buys chartering platform Vanora Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora's flagship solution, VesselAdmin, a digital chartering and payment platform designed for the maritime sector. Since ...
Shipping braces as US weighs entering the Israel-Iran conflict With indications coming from Washington that Donald Trump is willing to join Israel in its attack on Iran, the situation in Middle Eastern waters remains highly tense. Israel's conflict with Iran is into its sixth day, with the New York Times reporting Iranian officials will consider laying mines along the Strait of Hormuz if the ...
X-Press Feeders and COSCO sign partnership and leasing agreement X-Press Feeders Group, the world's largest independent common carrier, has signed two agreements with China's COSCO, the world's fourth largest containerline, to expand network coverage and strengthen mainline-feeder coordination. Under the partnership agreement, both companies will explore opportunities to cooperate as partners in feeder services across Asia, the Middle East, the Mediterranean,
GasLog turns to China for next LNG carrier orders Greek LNG shipping player GasLog has been linked to up to four newbuildings at Jiangnan Shipyard. The Peter Livanos-controlled company has reportedly signed a letter of intent with the Chinese yard covering two firm orders, with options for two additional vessels. Shipbuilding sources estimate the price tag at $230m per ship, with deliveries expected in ...
Lepta Shipping in for kamsarmax pair at Yangzijiang Tokyo-headquartered Lepta Shipping has ordered two kamsarmax bulk carriers at Yangzi-Mitsui Shipbuilding (YAMIC). Newbuilding sources report the joint venture between Nissen Kaiun and Mitsui & Co has tapped the joint venture between China's Yangzijiang Shipbuilding and Japan's Mitsui Engineering & Shipbuilding (Mitsui E&S) to deliver the 82,500 dwt scrubber-fitted duo in 2028. Lepta has previousl
DHT linked to second VLCC from Enesel in $108m deal New York-listed supertanker specialist DHT has been tied to another purchase from Greek owner Enesel. The Svein Moxnes Harfjeld-led company has struck a deal to acquire the 2018 Hyundai Heavy Industries-built Papalemos for $108m, according to shipbroking sources. If confirmed, the deal would mark the second VLCC DHT has purchased from Enesel, following the 2022 ...
TotalEnergies wins 1GW German offshore wind auction French energy major TotalEnergies has been awarded the N-9.4 offshore concession in the German North Sea by the country's Federal Network Agency. Located in the North Sea, approximately 150 km northwest of the German island of Heligoland, the N-9.4 concession covers an area of around 141 sq km and will enable the development of a ...
Oldendorff teams with Scottish university to open sustainable shipping research centre A new research centre dedicated to advancing sustainable shipping has been launched by Scotland's University of Strathclyde in partnership with Germany's Oldendorff Carriers. The Oldendorff Research Centre for Sustainable Shipping will drive actionable research to advance the decarbonisation of maritime operations, aligning global climate targets with operational realities at sea. The centre will
LiftOff unveils new offshore wind vessel Engineering contractor LiftOff has revealed its design for a new major component exchange vessel (MCEV). The MCEV is a purpose-built vessel designed to transport multiple generators and gearboxes, making it ideal for both large-scale and smaller major component exchange projects. According to LiftOff, it will significantly shorten response times. The DP2 MCEV features a custom ...
UK sanctions 20 more Russian tankers The United Kingdom has escalated its maritime pressure campaign on Russia, unveiling a new sanctions package at the G7 Summit in Canada that targets 20 additional tankers linked to Vladimir Putin's shadow oil fleet with the European Union likely to follow suit. The 30-entity sanctions list unveiled by prime minister Keir Starmer and foreign secretary ...
Dozen US states opposing offshore oil and gas drilling Governors and attorneys general of a dozen US states are voicing their opposition to offshore oil and gas drilling in the Atlantic and Pacific Oceans. Attorneys general of Delaware, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island, Washington, and, most recently, California filed comment letters with the US Department of the Interior's Bureau ...
Subsea 7 scores EPCI work off Norway Offshore engineering and services player Subsea 7 has won a new engineering, procurement, construction and installation contract offshore Norway. The EPCI deal involves pipeline bundles, spools, protection covers, and tie-ins using key vessels from Subsea 7's fleet for an undisclosed client. The financial details were not revealed; however, it was stated that the contract was ...
Shadow aframax heads for demolition in Alang The 2004-built shadow aframax tanker Conico Atlas has been sold for scrap following mounting regulatory pressure and a high-profile entry denial at India's Vadinar port earlier this year. The vessel, previously known by names including Andaman Skies and Delta Pioneer, is currently en route to the Alang shipbreaking yards on the west coast of India, ...
Indian police file charges in wake of Wan Hai 503 blaze Following two back-to-back maritime disasters off the coast of Kerala, police in India have filed criminal cases against the owner, captain, and crew of the Wan Hai 503, a Singapore-flagged containership that caught fire at sea on June 9. This action comes on the heels of a similar case registered recently in connection with the ...
Euroseas profit surges as charter rates increase Chief executive Aristides Pittas sees outlook for feeders as 'favourable'
Iran and Israel spar at IMO over maritime safety Iran has warned escalation at sea is imminent if the international community fails to hold Israel to account for recent...
Maersk names largest dual-fuel ship to date The vessel can run on conventional marine fuel as well as methanol in the future and will be one of...
Landlocked Malawi latest flag targeted by sanctioned tankers Malawi has emerged as the latest flag registry targeted by the shadow fleet, with four UK- and EU-sanctioned tankers broadcasting...
Okeanis clinches new loan to buy back China-leased VLCC Third VLCC of Greece-based tanker owner to be repurchased from CMB Leasing
India demands box lines take responsibility after spate of cargo fires India told the Maritime Safety Committee shipowners, managers and container lines must take responsibility to prevent cargo fires after four...
Listed areas unchanged despite Israel-Iran fighting, Joint War Committee rules Owners wishing to deviate or cancel voyages must show reasonableness to avoid liability for damages, advises Hill Dickinson
Chinese shipyard completes first Stena ro-ro jumboisation project In addition to its recent jumboisation project, Stena RoRo is set to retrofit two ro-paxes for methanol dual-fuel operations
TEN ready to shed at least six tankers in second half of year Imminent deals could yield $100m in cash as US-listed owner eyes further newbuildings
Weaker Chinese demand lowers oil forecasts The IEA's annual report has again predicted a surplus of oil by 2030 as supply continues to increase
Rina confirms purchase of Finnish ship designer Foreship Foreship is a specialist in cruiseship design concepts, is active in conversion projects and is working with boxship tonnage provider...
More than half a tonne of cocaine intercepted by Australian border force Law enforcement said the rip method, the modus operandi of choice for smugglers, was only possible thanks to corrupt insiders
The Daily View: Israel-Iran: for shipping, it's déjà vu all over again
Shipowners have begun replacing their Chinese leases, bankers confirm The hot topics at Marine Money Week: pre-emptive decisions to refinance Chinese leases to shield ships from US port fees...
Trans-Pacific spot rates falling as tariff-linked demand surge loses steam A more than 30% one-week drop in rates from Asia to the US West Coast is showing that the import rush sparked by the temporary pause in higher US tariffs will apparently be short-lived.
Former partner reaches settlement with DAT over recent acquisition OTR Solutions had alleged in a lawsuit that load board provider DAT violated a non-compete agreement by acquiring a rival factoring company.
Cargo bottlenecks persist at Mexico's Manzanillo port one month after strike Despite ongoing efforts to clear out logjams triggered by the brief work stoppage, berth waiting times for vessels arriving at the country's busiest port have risen to their highest this year.
Changing US tariffs force structural shift in global supply chains: ASCM The inability to predict the next move on tariffs is unsettling for cargo owners and their service providers, the CEO of the Association for Supply Chain Management tells the Journal of Commerce.
Time machine: 20 years after Genco Shipping IPO, Peter G returns to Marine Money Entrepreneur has a few choice words about private equity, and tells what makes him feel 'stupid'
'Balls of steel': executive reveals essential quality to survive volatile dry bulk market Hamish Norton educates Marine Money audience, and he's not describing another Star Bulk cargo
'Black swans everywhere' as VLCC rates spike 37% in a day But big jumps in Middle East earnings only take owners back to where they were a month ago
Pittas presses ahead with share buyback as Euroseas profit jumps Tonnage provider benefits from stronger rates for small and larger container ships
War risk zones unchanged as Israel and Iran trade missile strikes London insurance committee says shipping is not currently a target
'Danger of the dark fleet': Frontline chief discusses 'nightmare' tanker collision and jamming claims The owner suspects a 'mechanical issue' with dark fleet tanker led to dramatic incident
Dramatic VLCC collision with shadow tanker falls short of 'big one' feared by Frontline boss Lars Barstad Global pressures add weight to the warnings of Frontline CEO Lars Barstad
Iconic French shipowner Philippe Louis-Dreyfus dies aged 80 Visionary captain of industry and gentleman left his mark on the shipping sector
Michelin backed fuel-cell maker set to launch in maritime Proteus Energy promises a compact lightweight solution for electrified and hybrid vessels
Oldendorff Carriers shipping research centre kicks off with project to compare e-fuels Agreement has been signed that solidifies centre's research remit
CMA CGM reshuffles Red Sea service while other lines stay away Israel-Iran conflict has yet to affect container shipping, but carriers are taking no chances
DHT Holdings and Enesel linked to S&P deal for modern VLCC Reported sale of 2018-built ship appears to come at a premium amid firming VLCC markets
Aanensen family's Hagland buys digital maritime solutions provider Vanora VesselAdmin platform to continue as separate entity in group
'Hit Putin where it hurts': UK unveils new shipping sanctions against Russia Crewing agencies, bunker supplier and oil tankers targeted in latest measures
Italy's Rina buys Finnish design and data firm Foreship acquisition to strengthen RINA's consulting arm
Shipping on Hormuz alert as Iran's Supreme Leader warns of 'irreparable damage' in case of US attack Ali Khamenei addressed nation as Washington is said to be weighing joining Israel's attack on the Islamic Republic
Samsung Heavy Industries set to pursue former Russian yard partner Zvezda for damages Dispute over cancelled ice-breaking LNG carrier and shuttle tanker newbuildings rumbles on
Middle East chaos pushes VLGC rates to highest level in a year Runs from Saudi Arabia costing $14,000 more than US loadings
Excelerate Energy homes in on GasLog LNG steam turbine ship at potential new benchmark price Has regasification specialist found its first conversion candidate?
X-Press Feeders and Cosco forge feeder shipping pact Deal gives Chinese liner giant first option to charter newbuilds
Frontline VLCC caught in huge 'satellite jamming' incident before fiery collision, experts say Front Eagle just one of 1,000 ships hit by AIS spoofing since Israel's attack on Iran
Europe outlines plan to phase out Russian gas and LNG by 2027 TotalEnergies chief says alternative supplies will be available but cautions on over-reliance
Africa's biggest refinery group linked to move into tanker time-charter market Dangote is said to have supplemented spot fixtures with deal involving GNMTC suezmax
Greek grandma sails over to growing bulker player in fleet-bolstering move Aurora Shipping takes delivery of second handysize
BSM celebrates 20 years in Greece as fleet set to grow past 100 ships Schulte Group outpost has signed deals to expand its management operation
Middle East conflict ignites tanker markets. VLCCs are clear winners with LR2s now flying Crude and product tanker rates are heading skywards amid rising tensions between Israel and Iran
Veteran Danish Ship Finance chief quits as senior SEB banker takes top job Erik I Lassen steps down after 17 years, to be replaced by Kristian Skovmand
Russian oil and wheeler-dealing: Indian nationals behind shadow tanker involved in Frontline collision Directors at management company flipped ships between Navi Mumbai firms
'Difficult to stop': MOL boss Takeshi Hashimoto says it's business as usual in Middle East Japanese giant continuing to run chemical tankers, boxships and car carriers
Greek and Asia banks step up lending to Hellenic shipowners as others pull back Allied QuantumSea examines the evolution of international maritime lending market
Qatar springs special Strait of Hormuz instructions for LNG carriers as tension rises Contingency plans being put in place by world's third-largest exporter
Aframax S&P interest 'brisk' as owners hedge against Western ships leaving Middle East Brokers see 'genuine bids' from buyers for 15-year-old ships in uncertain market
Hengli Shipbuilding receives $16.7m 'subsidy' from Chinese state Dalian-based yard will be delivering its first VLCC newbuilding to Dynacom Tankers next week
'Well ahead of schedule': Adnoc and Navig8 weigh in one year after shocking Posidonia Officials tell Marine Money audience about cultural fits and a conservative approach to financing
Okeanis Eco Tankers clinches loan to release VLCC trio from Chinese leasing deal New debt replaces previous sale-and-leaseback arrangement with China's CMB Financial Leasing
Dry bulk fleet increasingly ill-equipped to meet efficiency and emissions standards, says Veson Nautical Senior analyst projects 22% drop in sub-15-year-old vessel supply by 2028
Great Eastern 'miles ahead' of rivals as it demands more from shipping tech Smart Ship Hub's Joy Basu praises Indian owner's attitude to innovation
Two Asian shipowners battle it out in court over China bulker smash payout Warring companies arrested each other's ships in different jurisdictions in fight over P&I security issues
Formosa Plastics mulls VLCC order after inking product tankers in China Taiwanese shipping company has opted for high-grade marine coatings
Airbus, Embraer unveil freighter orders at Paris Air Show At the Paris Air Show on Wednesday, Airbus secured its second A350 freighter deal and Embraer announced the first operator for its regional E190 converted freighter.
New Freightos index: Israel-Iran conflict yet to hit shipping The conflict between Israel and Iran has yet to hit tanker or container rates, while prices on the eastbound trans-Pacific may have peaked.
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