NTSB: A single loose wire caused Dali blackouts that led to Key Bridge disaster The National Transportation Safety Board said Tuesday that a single loose wire on the 984-foot-long containership Dali caused an electrical blackout that led to the giant vessel veering and contacting the nearby
Nine new Med Marine tugs will get advanced Kongsberg Maritime thrusters and winches Kongsberg Maritime has signed a contract to supply Turkish shipbuilder and tug operator Med Marine with azimuth thrusters and a combination of electric and hydraulic towing winches for nine new tugs. The
Eastern Shipbuilding suspends work on Offshore Patrol Cutters Panama City, Fla.-based Eastern Shipbuilding Group says that it is suspending work on the U.S. Coast Guard Offshore Patrol Cutter (OPC) program, citing the "significant financial strain caused by the program's structure
ONE updates SX2 service Ocean Network Express (ONE) has announced adjustments to its East Coast South America Express 2 (SX2) service, introducing new port calls and modifying parts of the eastbound rotation. Eastbound changes ONE will add Shanghai to the eastbound rotation, while Hong Kong will be replaced by Cai Mep. Shanghai call effective from the Hyundai Integral voyage 0149E, calling Rio Grande on 3 September. Cai
Update on recovery operations onboard Wan Hai 503 Wan Hai Lines has issued an update on the ongoing recovery and cargo discharge efforts aboard the Wan Hai 503 , where operations continue under the supervision of specialist teams working in difficult conditions. Pumping of firefighting water from the cargo holds remains underway, with an estimated 5,000 tonnes discharged to date. The company noted that the process is becoming increasingly challe
DCSA launches API Standard for VGM The Digital Container Shipping Association (DCSA) has released its first API-based standard for Verified Gross Mass (VGM) exchange. The standard aims to simplify compliance, increase transparency, and accelerate digitalisation in container shipping. Since 2016, the IMO's SOLAS Convention has required containers to be weighed before loading. Currently, VGM data is shared via emails, spreadsheets,
AYK Energy to power Greenpeace International's new flagship vessel Andorra-based marine battery maker AYK Energy has won a high-profile contract to supply Greenpeace International's new flagship vessel. This accelerates the transition to electric shipping. The vessel is under construction at Freire Shipyard in Spain . AYK will deliver a three megawatt-hour (MWh) Aires+ battery system , recently approved by classification society DNV. The ship is scheduled for de
Euroholdings reports stronger third-quarter results Euroholdings Ltd. reported improved performance for the third quarter of 2025, marking its first full year as an independent company following its spin-off from Euroseas in March. The Company posted net revenues of USD 3.0 million and net income of USD 1.5 million, equal to USD 0.55 per share. Adjusted EBITDA reached USD 1.4 million. Euroholdings operated an average of two vessels during the quar
APM Terminals Egypt marks 2.2 Million TEU expansion at SCCT The Suez Canal Container Terminal (SCCT) in Egypt celebrated the completion of a major expansion, adding capacity and jobs to East Port Said. The USD 500 million upgrade was inaugurated in a ceremony attended by President Abdel Fattah El-Sisi. The expansion adds 955 metres of new quay and 510,000 m² of yard space, supported by 12 quay cranes, 30 electric RTGs, and more than 90 trucks. It increase
Maritime leaders launch MACS to combat ocean plastic pollution Leading shipping companies have joined forces to tackle ocean plastic pollution through the launch of the Maritime Association for Clean Seas (MACS) . The new industry alliance aims to drive measurable reductions in plastic and operational waste across the global maritime sector. Founded by ocean-impact organisation Seven Clean Seas (SCS) , MACS brings together founding members including Berge Bu
Hapag-Lloyd linked to MPC's four-ship order German mainline operator Hapag-Lloyd is said to be the charterer of four 4,500 TEU ships that MPC Container Ships (MPCC) commissioned at Jiangsu Hantong Ship Heavy Industry on 14 November. Hapag-Lloyd will reportedly fix MPC's newbuildings for 10 years upon their delivery in late 2028, according to Linerlytica's report today (18 November). The newbuildings, priced around US$58 million per ship, h
AD Ports and CMA CGM expand Khalifa Port Terminal AD Ports Group has signed an agreement with CMA CGM Group to expand its joint container terminal at Khalifa Port, less than a year after its inauguration. Since opening in December 2024, CMA Terminals Khalifa Port has seen strong demand. The expansion, valued at AED 420 million (USD 115 million), will be shared proportionally by the partners. Scheduled for completion in early 2028, the upgrade wi
CCFI rises for fourth week, SCFI falls for second straight week The China Containerized Freight Index (CCFI) rose 3.4% in Week 46 to 1,094.03 points, marking its fourth consecutive weekly increase, according to the Shanghai Shipping Exchange, as Japan International Freight Forwarders Association (JIFFA) reported. The Shanghai Containerized Freight Index (SCFI) moved in the opposite direction, falling 2.9% to 1,451.38 points. This is the SCFI's second week of
CMA CGM updates FAK rates from the Indian Subcontinent to Europe CMA CGM has announced new Freight All Kinds (FAK) rates from North West India and Pakistan to North Europe, the Mediterranean and North Africa, effective from 1 December 2025 (gate-in date) until further notice. Under the new structure, FAK rates are set at USD 1,500 per 20-foot and 40-foot container for shipments to North Europe and the Mediterranean, and USD 2,500 per 20-foot and 40-foot contai
Wärtsilä raises fire safety bar with Quantum3 Wärtsilä has completed three major fire safety and explosion tests for its Quantum3 battery energy storage system. The program included UL 9540A unit-level testing, Large Scale Fire Testing, and testing of the company's Active Ignition Mitigation System (AIMS). The results strengthen Wärtsilä's position as a leader in energy storage safety. The tests simulated worst-case fire and explosion scenar
WR Logistics appoints Cem Yilmaz as CEO for Turkey WR Logistics has appointed Cem Yilmaz as CEO for Turkey. He brings strong experience in industrial-projects logistics and regional supply chain operations. Yilmaz is known for delivering operational excellence in complex logistics environments. He has built wide industry networks and developed customer-focused solutions across multiple sectors. His knowledge of the Turkish and regional markets wi
3 Top Dissertation Writing Services That UK Students Trust the Most in 2025-26 UK students search for dissertation writing services that protect their grades and academic credibility. Changes to academic regulations and quality checks due to the use of AI have made it harder for students to complete dissertations without expert guidance. With increasing pressure and an overwhelming number of online dissertation help companies, UK students have become more selective than eve
SWS delivers 158,000 DWT crude oil tanker Sea Phoenix SWS has delivered the 158,000 dwt crude oil tanker Sea Phoenix to Frontline following a signing ceremony on November 17. Senior representatives from Frontline, China Shipbuilding Trading Co., Ltd. (CSTC), and SWS attended the event. Sea Phoenix is the first 158,000 dwt tanker SWS has built for Frontline. The vessel is classed by the American Bureau of Shipping (ABS). Its delivery marks the start
Lufthansa Cargo and ITA Airways begin capacity cooperation from Rome Lufthansa Cargo has expanded its partnership with ITA Airways with the start of the winter schedule on 26 October 2025. Shipments from Rome-Fiumicino are now moving under Lufthansa Cargo's AWB number 020. In the first two weeks, the companies transported more than 1,000 tons of freight on ITA Airways passenger flights. The cooperation began in June on flights bound for Rome and is now almost full
Mondiale VGL appoints Matthew Warrington as Group CEO Mondiale VGL has appointed Matthew Warrington as Group CEO, effective January 2026. The move follows a global search and marks a new phase for the Oceania-based logistics provider, which now operates in 19 markets. Warrington brings more than 30 years of international logistics and supply chain experience. He joins from Toll Group, where he led Toll Global Forwarding. In addition, he oversaw 2,50
MacGregor wins contract for nine new RoPax vessels MacGregor has secured a major contract to supply cargo access solutions for nine new RoPax vessels included in the Grimaldi Group's fleet renewal program. The order covers equipment for three vessels for Finnlines, four for Grimaldi Euromed, and two for Minoan Lines. All nine ships will be built at China Merchants Industry Weihai Shipyard. MacGregor booked the order in the third quarter of 2025.
Port of Savannah container volumes up 4% through October The Port of Savannah moved 4.8 million TEUs from January through October 2025, a 4% increase, according to new data. The year-to-date gain of 183,250 TEUs comes despite a softer October. Monthly volumes fell 8.4% from a year earlier to 452,934 TEUs. At the Port of Brunswick, Colonels Island Terminal handled 72,234 units of autos and heavy equipment in October. That marks a 5.4% increase, or 3,700
Maran Gas Maritime welcomes new LNG carrier Maran Gas Maritime has expanded the Angelicoussis Group fleet with the delivery of its newest LNG carrier, the Maran Gas Syros . The vessel, built by Hanwha Ocean in South Korea, has officially joined the fleet under the Greek flag. The Maran Gas Syros has a capacity of 174,000 cubic metres and features advanced design standards aimed at enhancing efficiency, operational flexibility, and environm
CMA CGM reports Q3 2025 results amid market volatility Group Holds Up Despite Volatility In a highly uncertain global environment, CMA CGM Group showed resilience and discipline. Shipping stayed solid, terminals gained momentum and air freight and logistics performed well. The Group registered 6.17 million TEUs carried in Q3, up 2.3 % year-on-year. Financial Performance The Group posted revenue of USD 14.04 billion, down 11.3 % from Q3 2024. EBITDA f
Sentinel Marine rebrands as Cyan Sentinel Aberdeen-based offshore support vessel operator Sentinel Marine has rebranded as Cyan Sentinel, marking its first major step since Singapore's Cyan Renewables acquired a controlling stake earlier this year year. The move reflects the backing of its new majority owner, but the company stressed it remains locally managed, with its head office, leadership team and day-to-day ...
CMA CGM and AD Ports push ahead with Khalifa port terminal expansion France's CMA CGM Group and Abu Dhabi's AD Ports have agreed to expand their joint container terminal at Khalifa Port, less than a year after the facility opened, driven by stronger-than-expected demand. CMA Terminals Khalifa Port - owned 70% by CMA CGM and 30% by AD Ports - has seen rapid uptake since operations began ...
Transocean secures trio of extensions worth $89m Transocean has secured new work for one ultra-deepwater drillship and two harsh-environment semisubmersibles, adding about $89m in firm backlog. In Brazil, Petrobras exercised a 90-day option for the Deepwater Mykonos, keeping the drillship on continuous work. The extension is expected to contribute roughly $33m in backlog. In Norway, a two-well option was picked up for ...
Yangzijiang Maritime seals SGX debut with multiple vessel deals Yangzijiang Maritime Development marked its first day on the Singapore Stock Exchange's mainboard with a string of new vessel deals, underscoring its ambitions as a growing maritime financial and asset management player. The company said it has signed contracts with a Marshall Islands-based owner for the sale of four MR tankers worth a combined $180m. ...
Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore Engineering. The vessels are understood to be priced at around ...
Ultramax sale unravels for Diana Shipping New York-listed Diana Shipping has confirmed that the planned sale of an ultramax bulker in which it holds a minority stake has collapsed. The Semiramis Paliou-led company said the memorandum of agreement to sell the 2016-built ultramax DSI Drammen has been terminated. Diana owns 25% of the 63,379-dwt vessel through a limited partnership, with the ...
Port of Virginia CEO Stephen Edwards to step down Virginia Port Authority (VPA) chief executive and executive director Stephen Edwards will step down at the end of 2025 after nearly five years at the helm, taking up a new role in the private sector. Edwards joined the VPA in January 2021 and has overseen a period of steady growth and major infrastructure delivery. The ...
Keyfield banks $36.8m from accommodation workboat sale Malaysian offshore vessel owner Keyfield International has moved to further reshape its fleet with the sale of a six-year-old accommodation workboat to a Bruneian buyer. The company said its subsidiary Keyfield Resolute has signed a deal to sell the DP2 accommodation workboat Keyfield Compassion to Petro Laut, part of Brunei's Mashhor Group, for $36.8m. Keyfield ...
Turkish LPG carrier ignites as Black Sea security crisis deepens A Turkish-flagged LPG carrier has been engulfed in flames after being struck by an unidentified projectile during offloading operations at Ukraine's Port of Izmail on Monday, the latest escalation in what Splash yesterday described as an increasingly dire and volatile security environment across the Black Sea and Danube corridor. The 4,000 cu m Orinda gas ...
Rig worker dies on Valaris jackup in UK North Sea A rig worker has died while working on the Valaris 121 jackup rig in the UK part of the North Sea, some 225 km east of Aberdeen. The man, identified as 32-year-old Lee Hulse, died in the early hours of last Friday, November 14. According to reports, he fell to his death from a crane. ...
Baltimore bridge rebuild cost doubles as timeline slips to 2030 The price tag to rebuild Baltimore's Francis Scott Key Bridge has blown past early projections, with Maryland officials now warning the final bill could exceed $5.2bn and the reopening pushed back to late 2030-a full two years later than originally promised. The Maryland Transportation Authority (MDTA) said revised estimates reflect sharply higher material costs, new ...
Hong Kong pushes back with new P&I club and flag flexibility A new P&I club and some major changes to flag registration are among the main takeaways from the opening days of the ongoing Hong Kong Maritime Week. The China P&I Club (CPI) has launched the Hong Kong Shipowners Mutual Assurance Association Limited with the CPI saying the establishment of the Hong Kong P&I Club marks ...
Repeat surveys confirmed as TGS secures new five-year extensions Oslo-listed seismic data specialist TGS has won an extension of a contract for the provision of reservoir monitoring and source services related to permanent reservoir monitoring and 4D OBN surveys on the Norwegian Continental Shelf. The client was left undisclosed but was described as a "major international energy company". Both extensions have a nominal five-year ...
Equinor extends deals for Simon Møkster PSV duo Norwegian energy major Equinor has exercised its first one-year options for Simon Møkster's platform supply vessels (PSV) Stril Luna and Stril Mar. The 2014 and 2016-built vessels have been working for Equinor for the past three years. The two PSVs started work for Equinor along with four other vessels in late 2022. Contracts for all ...
APM Terminals signs $550m port deal in Bangladesh APM Terminals has signed a $550m deal to build a new container terminal in Bangladesh. The 30-year concession for the Laldia Container Terminal in Chattogram will allow larger ships to call at the Asian nation's largest port. Once operational in 2030, the terminal will expand Bangladesh's annual port handling capacity by over 800,000 teu. The ...
Eni turns to TechnipFMC for subsea work in Indonesia Offshore contracting giant TechnipFMC has been awarded a contract for an integrated EPCI contract by Italian energy major Eni for the deepwater Maha project offshore Indonesia. The project represents Eni's first deployment of TechnipFMC's Subsea 2.0 configure-to-order technology in Indonesia. The award leverages experience gained through successful projects with Eni in the region, including Jangk
Danaos boosts fleet plans with fresh six-ship order Greek owner Danaos has expanded its newbuilding programme with an order for six 1,800 teu vessels, tightening its grip on future fleet growth as yard slots continue to fill. The Nasdaq-listed owner said the ships were booked in November for delivery between 2027 and 2029. Danaos did not disclose the yard or the price. Long-term ...
Ship closings shift to Microsoft Teams Singapore maritime tech firm Assentiri has debuted its Virtual Closing Room (VCR) - a dedicated ship transaction application developed for use inside Microsoft Teams. In shipping, the most sensitive information in a deal - contracts, bank details, passports - is still generally shared by email. Yet email remains a major security risk. The VCR addresses ...
Tommy Olofsen takes the reins at OSM Thome Tommy Olofsen is stepping up to replace Finn Amund Norbye as the head of OSM Thome, one of the world's largest shipmanagers. Norbye has taken the decision to retire after six years at the company, overseeing the merger of OSM and Thome. Olofesen, a 12-year veteran at the company, had been serving as chief commercial ...
How to crack the seafarer retention riddle Amid rising pay and shrinking shore leave, industry leaders tell Splash what it really takes to keep crews loyal Retention has quietly become one of shipping's biggest business headaches. Global pay packets may have risen across most ranks this year, but the data tells a starker story - only four in ten shipmanagers report any ...
Geneva Dry locks in its strongest line-up yet Dry bulk's annual summit has recruited its best speaker line-up to date. Geneva Dry, set to return to the Hotel President Wilson on April 28 and 29 next year, has managed to attract a unique blend of charterers and shipowners for its highly anticipated third edition. Emily Koo, group managing director of Hong Kong bluechip ...
How long can crude tanker rate rally last and how could it end? Sanctions are playing a starring role in the crude tanker rate boom, but so is underlying transport demand, which could...
Tanker seized by Iran undergoes STS near Bandar Abbas Talara, the tanker seized by Iran last week, has undergone a ship-to-ship transfer on Tuesday, satellite imagery showed. The vessel...
Euroseas secures charters for four newbuilds as demand for boxships remains strong Charters for four new boxships and extension for existing vessel will bring in more than $180m of ebitda
From zombie tankers to fake IMO numbers: the identity frauds now playing out at sea Sanctioned tankers wanting a second life are actively stealing and inventing identities, abusing the global ship-tracking system itself
Diversification and risk management help Navios plot profitable course Chief executive Angeliki Frangou confident approach will 'continue proving itself' in challenging environment
Shipowners' Club to get new chief executive Tarrant to take over from Peacock next year
What are the procedural options for the Net-Zero Framework? Delaying tactics put the Net-Zero Framework on ice, but there is still a change it can be thawed
NorthStandard unveils 'responsible' rate hike Second-largest club seeking higher premiums and deductibles for both P&I and FD&D
Danaos orders six feeders as boxship demand continues 'unabated' Four of the six 1,800 teu vessels have been chartered for 10 years adding projected revenues of $236m
Baltimore bridge rebuild cost more than doubles Initial estimates made after the incident offered a finishing date of autumn 2028, but this too has been extended by...
Power politics erode IMO's ability to give shipowners certainty, industry leaders warn As great power politics spill into maritime rule making, shipowners are being forced to make 20-year bets on the basis...
Hengli adds another eight tankers to backlog Product tanker supply remains tight amid ageing fleets and sanctions
LPG carrier ablaze after drone strike in Ukraine The strike follows an intensification of the conflict in the Black Sea, after Odesa was attacked on Sunday night and...
Vitol conducts Pakistan's largest VLSFO bunkering More US crude oil imports into Pakistan are on the cards. But rising tanker rates could affect margins at Pakistan...
The Daily View: Political pressure
Could shipping shares offer safe haven as broader stock market fears mount? It was an ugly day on Wall Street on Monday, and the concern is there will be more declines to...
Daily Briefing Fremantle Highway report finds car carriers beset by inherent design flaws | Hong Kong plans dual registration in push to...
OOCL adds Halifax call to trans-Atlantic Med service The carrier's first direct service to Halifax comes as Canada looks to pivot its trade networks and as low water levels affect Montreal's container business.
DCSA broadens reach with identity exchange for shipping industry The consortium of nine liner carriers has launched its first product to facilitate the adoption of electronic bills of lading and other digital standards it is developing.
CMA CGM to expand Abu Dhabi terminal as capacity maxes out 'Spectacular' growth at the Persian Gulf terminal has brought forward expansion plans that will increase handling capacity by almost 50%.
Shippers split as Gemini floats premium charge on reliability Cargo owners typically balk at paying more for ocean transport, but the significantly improving schedule reliability from the Maersk and Hapag-Lloyd partnership is getting the attention of the market.
How a misplaced label on a single wire led to the ship strike that destroyed Baltimore's Key Bridge NTSB approves safety recommendations to HD Hyundai Heavy Industries and more over electrical system on the Dali
Veson Nautical acknowledges staff cuts after growth spurt Market believes departures could reach 10%, but Veson executives are mum on numbers
Ocean Yield sees stronger results and boost to future income The improved bottom line followed tracked a rise in revenue during the third quarter
'Extremely happy' Euroseas clinches early charters for full newbuilding orderbook US-listed boxship owner says it is not afraid of Red Sea crossings resumption
Diversity, equity and inclusion training gaps for shipping emerge at management level More women onboard both onshore and at sea but numbers for senior roles hitting a barrier
US investigators highlight a series of safety issues in Baltimore bridge disaster Staff opens hearing on the cause of the Dali accident with litany of issues
Sanctions could redraw war risk market, says marine insurer Writing policies for single ships passing through conflict zones have become more complex, conference hears
Bunnemann newbuild duo fixed to Hapag-Lloyd Container ship tonnage provider rumoured to have increased 7,100-teu orders in China to 10 ships
VLCC cannibals: Tanker newbuilding slate stokes fresh fears for owners of big tonnage Broker BRS notes a difference in yard schedules for different crude carrier sizes
D.Trading ships in first Ukrainian-ordered US LNG cargo via Lithuania FSRU Independence lives up to its name with pioneering delivery and 'more cargoes to come'
Navios Partners boosts charter backlog to $3.7bn with fresh batch of long-term deals Angeliki Frangou-led owner announced it had clinched $745m worth of fixtures in the third quarter
Shipping setting stage for Red Sea return with 'dialogue picking up' Jefferies believes first half of 2026 could bring big change in routes if Gaza peace holds
Ship hit by drone strike likely in process of being sold, brokers say Damage may jeopardise reported sale
BW LNG linked to newbuilding double at HD Hyundai Samho HD KSOE has inked a total of seven LNG carriers this year
Gard unveils plan to slash casualty numbers by end of decade Costs of the biggest casualties are rising with ever-larger ships and increased environmental demands
Mercuria linked to Singapore product tankers as term-charter party goes on MR ships remain in demand against background of higher spot rates
Yangzijiang lists shipowning arm in Singapore with $1.5bn valuation Yangzijiang Maritime currently has 76 vessels in its fleet
Longship rejigs fleet with sales and charters as income slides Dutch cargo ship group says spot conditions were weak in third quarter
Venture Global ups planned production for US Plaquemines expansion project Boost reflects strong market demand as company files for permitting and approval
Shipowners shortlist emerges for Equinor LNG newbuilding tender Names slimmed to five for those competing to net term-charter business to back new vessels
This VLCC rate surge 'feels different' to all the others, say brokers Market fundamentals, not black swans, are driving tanker strength
Lomar-backed start-up wins UK cash for boxship nose-jobs BlueNose is developing technology to reduce fuel consumption
Three seafarers arrested after attacking master's door with axe Mutiny took place on vessel in South Korea, according to Coast Guard
BW Group offloads fresh batch of DHT Holdings shares Singaporean investor has been selling down its stake in recent months
'Enormous risk': Evangelos Marinakis presses states to open shadow fleet scrapping window Greek tycoon warns dark fleet poses 'enormous risk' and says even a 20% cut would matter
Greek owner Atlantic Bulk stacks up ultramax orders at Nantong Xiangyu Coumantaros family business has notched up seven orders in two years from a Chinese builder of midsize bulkers
CMA renames top Commodore honour after late shipping entrepreneur Jim Lawrence Change will come in time for event in March
Hong Kong isn't just talking - it's rolling out new structures to boost maritime hub status Hong Kong advances as a maritime centre with green fuel, digital ports, reforms and insurance integration
Nigeria LNG's shipping arm zones in on Chinese yard for LNG newbuildings Talk on vessel pricing is sparks interest in the market
Three seafarers arrested after attacking master's door with axe Mutiny took place on vessel in South Korea, Coast Guard said
Hengli Shipbuilding stacks fat orderbook with eight tanker newbuildings Chinese yard tops up strong backlog
Yangzijiang secures $2bn worth of newbuildings so far this year Seven in 10 orders are for clean-energy ships
Declining iron ore grades driving up capesize rates, brokers say Miners need to ship a greater volume to produce the same amount of steel, according to Intermodal
Danaos adds container newbuilding six-pack to orderbook, with $236m in new charters Owner reports profit growth that falls below analyst expectations
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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