Hong Kong's Sun Ferry takes delivery of new diesel-electric fast ferry Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30 a new, state-of-the-art 35-meter diesel-electric ferry. Designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard,
Stena Line to add Norsepower rotor sails to new NewMax duo Making a pair of green newbuilds even greener, Sweden's Stena Line is to add Norsepower rotor sails to the two methanol-hybrid NewMax RO/ROs it is building for its Belfast-Heysham Irish Sea freight
Port of Oakland kicks off 2025 on strong note The Port of Oakland reported that the January loaded container volume reached 146,187 TEUs, translating to an 8.5% increase over the first month of 2024. "Strong import growth reflects the resilience of Northern California's economy and the confidence cargo owners have in our gateway," said Port of Oakland Maritime Director Bryan Brandes. He went on to add: "Export volumes remain steady, highligh
We Asked AI: Soccer fields made from containers Stacked and aligned with precision, the containers form the perimeter walls of the field, towering above to create an enclosed, vibrant arena. The playing surface, although flat and uniform, retains the distinctive metallic floor of the containers, painted green to mimic the look of a standard pitch. This innovative design not only recycles materials but also adds a modern, industrial aesthetic t
HarborLab launches HL AI for smarter port cost management HarborLab aims to enhance transparency, efficiency, and trust within the maritime industry, introducing HL AI, an innovative feature designed to revolutionize the management and approval of port expenses. Traditionally, shipping companies outsourced DA management to low-cost remote operations, viewing it as a non-core function. However, with port-related spending reaching approximately US$2 milli
Kalmar and APM Terminals agree for straddle carrier fleet modernisation at MedPort Tangier Finnish port equipment manufacturer Kalmar has signed an agreement with Maersk's port operating arm APM Terminals to modernise 32 Kalmar straddle carriers operating at MedPort Tangier in Morocco. The large order was booked in Kalmar's Q1 2025 order intake, with the modernisation programme scheduled to begin in the second quarter of 2025 and be completed by the end of the first quarter of 2026. Op
NWSA, Puyallup Tribe forge partnership for new terminal construction Puyallup Tribe and the Northwest Seaport Alliance (NWSA) have signed a Memorandum of Understanding (MoU) to enhance the region's shipping capacity. The agreement paves the way for the construction of a new berth on the East Blair Waterway, increasing the Seattle/Tacoma gateway's ability to accommodate the world's largest shipping lines and boosting economic activity in the region. Under the MoU,
Major container lines report over US$27 billion in 2024 earnings The major shipping lines that have reported and published their financial figures for 2024 have recorded combined full-year earnings before interest and taxes (EBIT) of US$27.3 billion. In comparison, the same group of shipping lines generated nearly US$200 billion in combined EBIT across 2021 and 2022. However, despite the decline from peak pandemic-era profits, the 2024 profitability level rema
CMA CGM and MPA Singapore renew collaboration partnership Maritime and Port Authority of Singapore (MPA) and CMA CGM Group have renewed a Memorandum of Understanding (MoU) to proceed with sustainable shipping and innovation. This renewed partnership builds on an earlier MoU signed in 2022 and underscores the shared commitment to strengthening Singapore's position as a premier maritime hub. The agreement was signed by Teo Eng Dih, Chief Executive of MPA,
Bengal Tiger Line expands services to the Mediterranean Singapore-based ocean carrier Bengal Tiger Line (BTL) has broadened its operational reach to the Mediterranean by introducing a new service route connecting Turkey, the Red Sea, and West India. According to Alphaliner, BTL, led by Andrew Winter, has partnered with Turkish shipping companies Arkas and Turkon Line to provide this service. This collaboration involves shared slots on a West India - M
IMO's global strategy for advancing maritime digitalization The International Maritime Organization (IMO) is taking significant steps to develop a comprehensive strategy that leverages emerging technologies to enhance efficiency, safety, and sustainability in the shipping industry. During its 49th session in London from 10 to 14 March, the IMO's Facilitation Committee (FAL) outlined a work plan for creating the IMO Strategy on Maritime Digitalization, whi
Riga Universal Terminal upgrades operations with GullsEye TOS Riga Universal Terminal (RUT), one of the largest multipurpose terminals at Latvia's Port of Riga, has successfully transitioned to GullsEye Logistics Technologies' Gen2 Terminal Operating System (TOS). This upgrade aims to modernize and streamline operations for container, bulk, and general cargo handling, as well as rail logistics. A subsidiary of Portek International Pte Ltd, RUT handles appro
BIMCO: US port fees to hurt US trade more than curb China's dominance Charging fees on China-linked vessels calling at US ports will significantly increase the cost of seaborne transport to and from the United States - even if operators are pursuing avoidance strategies, said BIMCO in its letter to the US Trade Representative. BIMCO expects operators to attempt to mitigate the negative impact of port fees either by passing the costs on to US importers-resulting in
How To Get a Police Report for a Car Accident in Miami Obtaining a police report for an auto accident in Miami is essential for various reasons, such as insurance claims and legal proceedings. The process typically involves contacting the Miami Police Department or the specific agency that responded to the scene. Having access to this report can provide critical details about the accident, including witness statements and official assessments. In Mia
HMM, Wan Hai and ZIM among stellar performers of 2024 HMM, Wan Hai Lines and ZIM Line were the best-performing liner operators in 2024, which was the third best year for the industry, with a collective operating profit of US$32.6 billion, according to Alphaliner
MSC applies reefer surcharge from Egypt to Far East and Middle East Due to the ongoing equipment situation impacting the region, MSC will apply an Equipment Imbalance Surcharge (EBS) for all reefer cargo from Egypt to the Far East and the Middle East. The Swiss/Italian ocean carrier said the surcharge will take effect from 2 April, and the amount has been set at US$400 per reefer container. If you liked this post, please consider donating The post appeared first
Global economic uncertainties and regional pressures prompt Thailand to accelerate upgrades Thailand's economic outlook has recently been shaped by a complex mix of internal challenges and external pressures, with significant developments affecting investor sentiment and growth projections. According to Bangkok Post, the investor confidence index (ICI), as measured by the Federation of Thai Capital Market Organizations (FETCO), dropped to the bearish zone in February from neutral the pr
Earn up to $16888 with Cloud Mining - The #1 Safest Cloud Mining Site 2025 In recent years, the cryptocurrency market has experienced roller coaster-like price fluctuations, which has frightened countless investors. The price of Bitcoin was once expected to fall to $50,000, and other highly-watched altcoins such as XRP and DOGE also fell sharply, putting investors under tremendous wealth pressure. In such an unstable market environment, it is particularly important to f
Container trade surges in Melbourne In 2024, the Port of Melbourne achieved its highest annual container trade volume on record, marking a significant milestone for Victoria. The Australian port handled a total of 3.4 million TEUs, reflecting an increase of over 9% compared to 2023 figures. "The significant growth in container trade underpins economic activity in Victoria and reflects the state's diverse business landscape," commen
Understanding Comparative Negligence in Car Accident Claims Understanding comparative negligence is essential when dealing with car accident claims. If you've been involved in an accident in Illinois, consulting a personal injury law firm like Noll Law Office can help you navigate the complexities of fault distribution and compensation. This principle assesses fault distribution, meaning your compensation might be reduced if you share some blame. For inst
Hapag-Lloyd and Sri Lanka Ports Authority explore strategic collaboration Representatives from the German shipping company Hapag-Lloyd met with Sri Lanka Port Authority (SLPA) officials on 4 March to discuss collaboration opportunities and strengthen existing ties. During the discussions, both parties emphasized the importance of fostering stronger partnerships to further position Sri Lanka as a strategic maritime hub in the region. The dialogue also focussed on upcomi
Duvenbeck appoints new EVP of Business Line Road for North-West region Rene Hille has joined the Duvenbeck Group as the new Executive Vice President (EVP) of Business Line Road for the North-West region. In this role, he will oversee road freight operations. With nearly 30 years of experience in the logistics industry, Hille specializes in road freight and contract logistics. Throughout his career, he has held key leadership positions at Schenker, Panalpina, and Imp
Enhancing Workplace Safety: The Importance of Forklift Operator Certification in the UK In every small or big organisation, safety in the workplace is always first, and the forklift training should be at the top of the list. In other words, without proper training, forklifts can be critically hazardous in industries that use them on a daily basis, such as construction and warehousing. That's why forklift operator certification in the UK is a serious matter-it should not be taken lig
US continues strikes against the Houthis in asymmetric escalation Houthi leader Abdul Malik al-Houthi said on 16 March that his militants would target US ships in the Red Sea in the wake of massive American strikes on Yemen over the weekend. Despite there being no attacks on merchant shipping this year, the Donald Trump administration decided to unleash an enormous barrage of strikes on Houthi strongholds over the weekend, linked to Trump's so-called 'maximum p
ESL Shipping extends raw material transport deal with SSAB ESL Shipping, part of Finnish conglomerate Aspo, and global steel manufacturer SSAB have agreed a multi-year extension for the transport of inbound raw material sea transports within the Baltic Sea and from the North Sea. The new contract also covers transport of SSAB's fossil-free sponge iron including the possibility of fossil-free shipments. The sea transport ...
Solstad scores Subsea7 CSV deal Norwegian offshore vessel owner Solstad Maritime has secured a new contract from offshore engineering and services player Subsea7 for the construction support vessel (CSV) Normand Subsea. The 2009-built CSV has been fixed for two years, with three yearly extension options attached to the deal. Financial terms have not been disclosed. The vessel has been part ...
Jinhui sells veteran supramax Chinese bulker owner and operator Jinhui Shipping and Transportation has offloaded one of its older supramaxes in its first sale in more than a year. The Oslo- and Hong Kong-listed company is shipping out the 2007-built Jin Shun to Honk Kong incorporated Yuhe Shipping in a deal worth $8.26m. The 53,350 dwt Chinese-built bulker, acquired ...
Euroseas fixes charter for 2007-built boxship Nasdaq-listed Greek containership owner Euroseas has won a time charter contract for its 4,250 teu boxship Rena P. The charter is for a minimum period of 35 to a maximum period of 37 months, at the option of the charterer, at a gross daily rate of $35,500, in direct continuation of its present charter. According ...
Tsakos confirms $2bn shuttle tanker deal with Transpetro Greek owner Tsakos Energy Navigation (TEN) has confirmed a long-term charter deal with Petrobras' logistics subsidiary Transpetro for a series of nine shuttle tanker newbuildings. The vessels, to be built at Samsung Heavy Industries in South Korea, have secured 15-year employment each with revenues for TEN estimated at around $2bn. Deliveries are scheduled for 2027 ...
Seapeak eyes triple sale of vintage LNG tonnage Gas ship owner and operator Seapeak has said it expects to sell three of its older LNG vessels that came off contracts and had been placed in layup earlier this year. The Stonepeak-controlled company said in its annual report it had made downward revisions to the outlook for its steam turbine LNG carriers due to ...
Nuclear Transport Solutions announces joint CEO appointment The UK's Nuclear Transport Solutions (NTS) has announced the appointment of Ciara Middlehurst and Ben Whittard as interim joint CEOs. They succeed Seth Kybird who will be joining Nuclear Waste Services (NWS) as interim CEO on an 18-month secondment from NTS. NTS was launched in April 2021 bringing together Direct Rail Services (DRS), International Nuclear ...
Hybrid hydrogen-diesel engine retrofit project moves ahead Lomarlabs, the innovation arm of Lomar Shipping, has announced a strategic collaboration with Newlight, a technology company specialising in hybrid hydrogen-diesel engine retrofits, to accelerate the adoption of cost-effective, lower-emission solutions for the shipping industry. The collaboration will focus on retrofitting conventional diesel engines to operate on a hydrogen-diesel mix, reducing
$100m per VLCC port call: American targeting of Chinese tonnage risks backfiring The Monday deadline is fast approaching for public comments on the US Trade Representative's investigation into China's dominance in shipbuilding after which president Donald Trump will make a ruling. Submissions to the Washington body have been numerous, some full of praise, and plenty of others warning of the potential costly unintended consequences of any rules ...
Bengal Tiger Line expands to the Mediterranean Singapore's Bengal Tiger Line (BTL) has expanded its network to the Mediterranean with the introduction of a Turkey - Red Sea - West India service. Alphaliner is reporting that the Andrew Winter-led container feeder operator is providing this new service through slots on a West India - Mediterranean trade, together with Turkish carriers Arkas and ...
Fredriksen takes 10% stake in Star Bulk Carriers Shortly after his exit from one of Europe's largest dry bulk owners, Golden Ocean, shipping tycoon John Fredriksen has flagged a fresh play in the bulkers arena at Greece-based giant Star Bulk Carriers. A filing to the US Securities and Exchange Commission (SEC) shows that Fredriksen-affiliated companies own 11.8m shares in the Nasdaq-listed Star Bulk, ...
DOF agrees refinancing loan worth over $1bn Norwegian offshore vessel owner DOF has secured a $1,025m senior secured term loan with a syndicate of ten banks. The company also inked a $50m revolving credit facility. Both loans will be used to repay existing debt and for general corporate purposes. The facilities agreement includes an undrawn, uncommitted basket amount of $200m for incremental ...
Gulf Marine Services secures new vessel deal London-listed liftboat operator Gulf Marine Services (GMS) has won a new contract for an additional vessel in the Middle East. The contract, awarded by an undisclosed firm described only as a "major regional client", spans an initial term of seven months with extension options. According to the company, the additional vessel used to meet the demands ...
Apexindo jackup wins $120m deal from Pertamina Indonesian drilling contractor Apexindo has won a contract for one of its offshore drilling rigs from state-owned giant Pertamina. The driller said in a press release that the contract was for three and a half years and worth around $120m. For the work scope, the company will utilise the Tasha jackup which will operate in ...
DHT lets go of 2011-built VLCC New York-listed DHT is selling a 2011-built VLCC, with broking sources indicating that the 320,000 dwt DHT Lotus, built by Bohai Shipbuilding Heavy Industry, is fetching close to $55m. This aligns with VesselValue's market estimate of $54.47m for the same ship. This marks DHT's second deal in recent months. In December, the Svein Moxnes Harfjeld-led ...
Seven Asian carriers link up to make debut Mexico call Seven mid-sized Asian carriers are launching a China-Mexico joint service, a tradelane that has boomed in the 2020s, but is now clouded with the return of Donald Trump to the White House. According to analysts at Alphaliner, Emirates Shipping Line (ESL), KMTC, Regional Container Lines (RCL), SeaLead, Sinokor, Sinotrans and TS Lines will launch the ...
BW Offshore FPSO gets few more days of work ahead of sale Floater specialist BW Offshore has signed a short-term extension agreement for the FPSO BW Pioneer with Murphy Oil. The contract will extend the contract period from March 18 to March 25, 2025, and will maintain current conditions. According to BW, the extension will facilitate the completion of administrative processes necessary for finalising the sale of ...
Orix buys Sojitz Shipping Japanese finance and trading house Orix Corporation is buying 70% of Sojitz Shipping from parent Sojitz with the shipping subsidiary set to change name to Somec Corporation. Shoei Kisen, a member of the Imabari Shipbuilding Group that handles ship leasing, will also invest in Somec, and Sojitz will continue to hold a small portion of ...
Case for engine retrofits clouded by lack of green fuels Failure to scale up suitable quantities of well-priced green fuels has blunted a projected rush to retrofit ships with cleaner engines, a delay that will potentially bring a bottleneck at repair yards further down the line, according to a new study from Lloyd's Register (LR). The British classification society has updated its engine retrofit market ...
Motion Ventures launches $100m maritime tech fund Singapore's Motion Ventures has launched what it claims is the largest-ever maritime tech fund at $100m. "We launched Motion Ventures with the belief that maritime is entering a new era-one where technology, capital, and industry collaboration converge to redefine the sector's trajectory. In recent years, we've seen digitalisation and decarbonisation shift from ideas to industry ...
IMO presses ahead with maritime digitalisation strategy The International Maritime Organization (IMO) has come up with a work plan to get a maritime digitalisation strategy adopted by the IMO Assembly by the end of 2027. "The cross-cutting strategy will span different areas of IMO's work, fostering a fully interconnected, harmonized and automated global maritime sector," the IMO stated in a release. A ...
Syria's online seaborne trade reaches new highs February was a record-setting month in terms of 'on the radar' activity with 34 arrivals captured using AIS data, but...
Ship finance is also struggling to go green Shipping financiers are facing challenges with decarbonisation alongside the rest of the industry, with problems including the high cost of...
Shipping still far behind net zero trajectory, marine insurer data shows Industry efforts well below minimum IMO goals
Euroseas completes spin-off amid strong boxship demand Euroseas unveils lucrative new three-year charter for 18-year-old intermediate vessel
Plans to levy China-built ships would have hit 30% of arrivals last year US Trade Representative hearing on China-built ships levy set for March 24. With every sector having a share of ships...
Hafnia co-founder steps down The tanker owner also handed out share options to senior management, including offering chief executive Mikael Skov more than 770,000...
Trump and Putin to negotiate Black Sea ceasefire The White House said 'technical negotiations' on a maritime ceasefire in the Black Sea would begin
Boxship charter rate fall expected as freight markets decline Charter rates ultimately follow the evolution of freight rates with a lag. It appears it is only a matter of...
The marine market must work together to improve shipping safety If the International Group of P&I clubs and other maritime industry bodies work with the Together in Safety consortium, the...
Cargo insurance premiums at 'punishing and unsustainable' levels London underwriters conceding discounts, while US market more competitive still
Fredriksen buys 10% stake in Star Bulk Star Bulk owns and operates one of the world's largest dry bulk fleets and recorded a net income of $42m...
Harbor Lab introduces AI feature to optimise port cost analysis Port expenses can reach $200m annually for the largest companies
Daily Briefing Caught between profits and patriotism: Li Ka-shing family port deal draws Chinas glare | Suezmax and LR rates rise amid...
Montreal seeking longshore deal ahead of capacity expansions Montreal's port chief says a successful outcome after nearly two years of talks between port employers and the longshore union will be critical to restoring shipper trust.
February intermodal volumes cooled in Southern California amid Southeast gains Despite the month-on-month downturn, Los Angeles-Long Beach volumes were higher than a year ago as Southern California's freight boom did not begin until the second quarter of last year.
Support growing for multi-agency US cargo crime task force Groups representing transportation providers, retailers and manufacturers are calling for Congress to create a cargo theft task force blending the resources of multiple agencies as cargo crime spreads.
DP World to boost Santos capacity 50% via eight-year services deal with Maersk The long-term agreement calls for the ocean carrier to add seven services with 10 weekly calls to Brazil's largest port over the next two years.
Star Bulk shares lift modestly on first trading after Fredriksen disclosure Passive 10% stake has been greeted positively by management and investors
'You will start seeing accidents' on ammonia-fuelled vessels, researcher says More rigorous human-centred design needed on board ships
Venture Global gets go-ahead for its third and largest US LNG project yet But Kpler warns that Trump's steel and aluminium tariffs could push up construction costs for new developments
Marine insurance portfolios well behind in push to net-zero shipping Poseidon Principles for Marine Insurance finds that eight of its nine signatories are more than 20% off-track
Greek owner Velos Tankers buys product carriers in renewed expansion drive Paschalis Diamantidis makes two attractively priced acquisitions in quick succession
Trump's ports fees 'brutal' but necessary, says Norwegian military researcher Academic believes Chinese shipbuilding dominance threatens Western security
US fees for Chinese-built ships find supporter in Norway Researcher at Norwegian military academy argues China's shipbuilding dominance threatens security of the west
VLCC ends month-long odyssey in China after transfer of oil from sanctioned aframaxes Hong Kong-owned Daban discharges in Qingdao after loading Sokol crude last month
Jinhui Shipping sells a supramax as fleet renewal rolls on Eighteen-year-old bulker goes to a Chinese buyer
Solstad vessel to stick with Subsea 7 as long-running charter approaches two decades Subsea 7 first took ship on charter in 2009
Finnish owner Langh Ship unveils first 1,200-teu feeder container vessel Finnish company's latest delivery will be employed in Europe
Hayfin's Jeremy Dean details dealmaking pivot as financier closes first dedicated $600m shipping fund UK group has moved away from direct ship financing into big corporate transactions
ESL Shipping and steel producer SSAB extend agreement on raw material transports Volume estimated to be 6m to 7m tonnes per year
Vitol steps up West African business in $1.65bn investment in Eni oil and gas exports Trader and shipowner buys stakes in Italian producer's Ivory Coast and Republic of Congo oil and gas fields
Swire Bulk commercial director resigns from handysize operator Departing dry cargo man has spent much of his career in Asia
CMA CGM adds to secondhand container ship tally with Borealis purchase French liner emerges as the most active secondhand player in the year-to-date
Lomar puts money behind start-up aiming to retrofit hybrid hydrogen-diesel engines Investment company lomarlabs collaborating with Newlight to cut emissions
Tsakos resumes tanker sales in rolling fleet renewal Greek owner has reportedly shaken out one of its oldest suezmaxes
'Gearing up for full gas': Golar LNG given 'buy' rating after share price fall Fearnley Securities sees more favourable stock valuation
Bulker and LNG carrier collide in Gibraltar's western anchorage Vessels to be inspected but incident is likely to reignite calls for pilots on departing ships
DOF inks $1bn refinancing with 10 banks to begin dividend payouts Company will distribute dividends in second quarter
Russian LNG cargo discharged in China as non-sanctioned vessel takes long-haul route But Asian giant is 'backing away' from LNG and will likely resell US volumes into Europe, Kpler says
All eyes swivel to LNG Canada export launch as lone cooldown shipment homes in on new plant Build-up to first long-signalled export in mid-year starts to get real
AI-driven shipping platform Kaiko Systems secures $6.5m growth tonic German-based software operation taps Hi Inov, Flashpoint and Motion Ventures for €6m
Euroseas spin-off EuroHoldings plunges 49% on Nasdaq debut Boss Aristides Pittas says company will look to expand its feeder container ship fleet
'Vandalism': Maersk hits back at protesters targeting liner giant's Israel calls Danish line criticises twisting of facts by demonstrators after annual meeting
John Fredriksen's 'surprising' Star Bulk bet seen as 'big vote of confidence' by analysts Fearnley Securities rates shipping magnate's latest investment
Hafnia co-founder quits as top two bosses share stock options worth $4m Erik Bartnes has left tanker owner's board as Mikael Skov and Perry van Echtelt rewarded for profit
Shipbuilding veteran Ren turns ship investor with $800m newbuilding spree Investment firm is bullish on maritime as it cuts its exposure to China
DOF inks $1bn refinancing with 10 banks to start dividend payouts Company will distribute dividends in second quarter
Christen Sveaas' Kistefos issues new $47m bond in Oslo market Parent company will refinance bond
John Fredriksen out of dry bulk? Not so fast, as new investment stake revealed Star Bulk Carriers warmly greets new stake from the world's most famous shipowner
Fredriksen out of dry bulk? Not so fast, as new investment stake revealed Star Bulk Carriers warmly greets new stake from the world's most famous shipowner
Singapore's BTS Tankers celebrates golden anniversary as it navigates complex carbon rules Managing director warns IMO's carbon rules will challenge small tanker operators
Yangzijiang Financial pivots to shipping in $800m order spree Investment firm is bullish on maritime as it cuts its exposure to China
Russian LNG cargo discharges in China as non-sanctioned vessel takes long-haul route But Asian giant is 'backing away' from LNG and will likely resell US volumes into Europe , Kpler says
China stops importing liquefied natural gas from US due to tariffs China has halted imports of liquefied natural gas from the U.S. as the global trade war intensifies.
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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