Interior rolls out long term offshore O&G lease sales schedule The U.S.Department of the Interior reports that, as directed by the One Big Beautiful Bill Act (H.R. 1), it is rolling out a long-term schedule for offshore oil and gas lease sales
VIDEO: Explosion on coal carrier W-Sapphire rocks Baltimore The Baltimore Sun reported this morning that the main channel used by cargo ships to enter and exit the Port of Baltimore was still shut down as the Coast Guard probed the
STAX wins UK grant for Port Emissions Project STAX Engineering is making its mark in the UK. The company joined a consortium that won £1.1 million in government funding for its first European project. The initiative, called PortZero, is led by carbon capture startup Seabound and includes Associated British Ports and Lomar Shipping. PortZero aims to cut emissions from berthed vessels while improving air quality in port communities. STAX will
Americold opens first import-export hub with CPKC Americold Realty Trust has opened its first Import-Export Hub on the CPKC rail network in Kansas City, Missouri. The US$100+ million, 335,000-square-foot facility will speed up cross-border food shipments. The hub serves the Mexico Midwest Express (MMX), North America's only single-line refrigerated rail service between the U.S. and Mexico. It offers on-site USDA inspections, handles containers o
X-Press feeders joins CMA CGM's Kilima service X-Press Feeders will take slots on CMA CGM's new Far East-East Africa Kilima service, following the cancellation of its previous allocation on the French carrier's ASEA-Tanzania loop. The new service, marketed as the Dar es Salaam Far East Express (DFX), will connect Shanghai, Ningbo, Guangzhou (Nansha), Singapore, Colombo, Lamu, Mombasa, and Dar es Salaam, before returning via Colombo and Singap
Peel Ports joins Aluminium Federation to boost UK Metals Peel Ports Group has become the first UK port operator to join the Aluminium Federation (ALFED), reinforcing its commitment to the steel and metals sector. The move comes as the group looks to expand its role in the aluminium market, following a record-breaking year for steel imports at the Port of Liverpool. ALFED, a non-profit trade body, supports the UK aluminium industry. Peel Ports said join
Maersk restructures Far East-Bangladesh services Maersk is adjusting the port rotations of its three Far East-Bangladesh services, according to Alphaliner. Although the sequence of ports will change, the overall coverage of the network remains the same. The SH1 service will deploy five vessels of 2,800 TEU capacity, calling at Ningbo, Shanghai, Xiamen, Port Kelang, Chittagong, Port Kelang, Tanjung Pelepas, Qui Nhon, Da Nang, Hong Kong, and retu
FedEx appoints Vishal Talwar as Chief Digital and Information Officer FedEx has appointed Vishal Talwar as executive vice president, chief digital and information officer, and president of FedEx Dataworks. His appointment took effect on August 15. Talwar joins FedEx from Accenture, where he served as senior managing director and chief growth officer of Accenture Technology. He brings more than 27 years of experience in digital transformation, data science, and ente
ANL announces service adjustments ANL has announced schedule adjustments to improve operational efficiency and reduce delays. The ALS JUNO 001N will alter its rotation to call at Brisbane before Melbourne in order to minimize downtime along the Australian coast. In addition, the PELION 001N/002S will omit its Shanghai call and instead reinstate a call at Ningbo. Customers are advised to check with local terminals for the latest r
CMA CGM sources first containers from Vietnam CMA CGM has reached a milestone in Vietnam with the delivery of 1,000 twenty-foot containers built by Hoa Phat Group. This marks the first time the shipping group has sourced containers locally. The order supports CMA CGM's expansion in Southeast Asia, helping meet growing cargo demand. Partnering with Vietnam's largest container manufacturer improves equipment availability, speeds up turnaround
OrbitMI names Egil Husby to Board of Directors OrbitMI has appointed Egil Husby to its Board of Directors, strengthening its strategic and industry expertise. Husby is a veteran of the shipping sector with more than 20 years of experience in freight risk, strategy, and transformation. He spent 17 years at Western Bulk, most recently as Chief Strategy and Transformation Officer. There, he drove long-term business planning, fleet optimisation,
China's shipbuilding dominance reshapes global maritime power The steady stream of newbuilding contracts flowing into Chinese shipyards tells a story that extends far beyond simple commercial transactions. When Vancouver-based Seaspan Corporation recently inked deals for twelve 9,000 TEU containerships at Chinese yards, or when Indonesian logistics giant Meratus expanded its feeder fleet through Chinese builders, these orders reflected a fundamental realign
Port of Hamburg posts strong growth in first half of 2025 The Port of Hamburg recorded robust growth in container throughput during the first half of 2025, despite subdued global economic conditions and ongoing geopolitical tensions. The port regained market share against its two major Western European competitors, driven largely by strong gains in the container segment. From January to June 2025, seaborne cargo throughput rose 3.6 percent year-on-year
Cascading to continue as orderbook grows With a record orderbook of 9.4 million TEU to be delivered over the coming years, the liner network will continue evolving, with larger ships entering intra-regional trades. Clarksons noted that today, a third of ships in intra-Asia services are over 3,000 TEU, compared to just 10% in 2011, as Asian port infrastructure develops
Norton Rose Fulbright guides ONE on landmark financing Norton Rose Fulbright has advised Ocean Network Express (ONE) on a major ship financing deal to fund four 13,700 TEU container vessels. The transaction used the Japanese Operating Lease with Call Option (JOLCO) scheme, marking the first time Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI) have participated in vessel-related financing under this st
Could Canada's northern outpost become North America's next trade gateway? It seems that Canada's only deep-sea Arctic port is stirring back to life, amid shifting geoeconomic and political realities. Tucked away on the western shore of Hudson Bay, Churchill has long been seen as a frontier outpost with limited seasonal use. But with new public investment, Indigenous-led ownership, and shifting global trade dynamics, the port is being positioned as a crucial new link in
Kongsberg Discovery expands with Argeo Technologies acquisition Kongsberg Discovery is boosting its underwater sensing capabilities with the acquisition of key technologies from Argeo's bankruptcy estate. The deal includes Argeo Whisper, Argeo Listen, and Argeo Scope, along with related software, hardware, and skilled personnel. President Martin Wien Fjell called the technology highly strategic. "Whisper and Listen expand our portfolio with electromagnetic se
Bahri drives Saudi maritime growth ahead of vision 2030 Bahri is strengthening its role in Saudi Arabia's push to become a global maritime hub. The company's expansion and modernization strategy aligns with Vision 2030, which seeks to diversify the Kingdom's economy and boost its position in global trade. As the Founding Strategic Partner of the Saudi Maritime Logistics Congress, Bahri will play a central role in the event's sixth edition, set for 1-2
Big lifts underway at US$400m Melbourne Intermodal Terminal Work is ramping up at the US$400 million Melbourne Intermodal Terminal (MIT) in Somerton. Crews are installing seven giant rail-mounted gantry cranes supplied by Konecranes. Each crane stands 25 meters tall, weighs 350 tonnes, and can lift up to 46 containers an hour. Together, they will help the site process one million containers a year. The 45-hectare terminal, backed by Aware Super, is the la
Drewry's IACI drops 9% in early August According to Japan International Freight Forwarders Association (JIFFA), Drewry's Intra-Asia Container Index (IACI) fell 9% in the first half of August, landing at US$592 per FEU. That's 35% lower than the same period last year. The consultancy expects rates to hold steady through the rest of the month. On key lanes, rates showed mixed movements. Spot prices slipped 2% to US$51 per FEU from Busan
SC Ports secures final federal funding for harbor deepening South Carolina Ports has received the final federal reimbursement for the Charleston Harbor Deepening Project. The U.S. Army Corps of Engineers allocated US$21.28 million in its 2025 Work Plan, bringing the project's total cost to US$580 million. The harbor now sits at 52 feet, the deepest on the U.S. East Coast. This milestone allows the largest container ships in the world to call Charleston wi
Lloyd's List Intelligence appoints new CEO Lloyd's List Intelligence has named Waqas Samad as its new Chief Executive Officer. He takes over from Michael Dell, who has led the company since 2018. Firstly, Samad brings more than 30 years of global experience in finance, data, and technology. He has held senior roles at London Stock Exchange Group, including CEO of FTSE Russell and a seat on LSEG's Executive Committee. Earlier in his career
Freightos reports 31% revenue growth in Q2 2025 Strong Financial Performance Freightos Limited (NASDAQ: CRGO) posted revenue of $7.4 million in the second quarter of 2025, up 31% from the same period last year. Gross margin improved to 67.1% under IFRS, with non-IFRS gross margin at 73.5%. The company reported a net loss of US$4.3 million, compared to US$5.3 million in Q2 2024. Adjusted EBITDA came in at negative US$2.9 million, a slight impro
Damen to deliver Ice-Capable tug Damen Shipyards Group has signed a contract with the Chippewas of Georgina Island First Nation in Canada. The agreement covers the delivery of a Stan Tug 1706 ICE. The community will use the tug to break ice on Lake Simcoe. This will keep its ferry service running longer each year, both earlier in spring and later into winter. Georgina Island is located in Southern Ontario. Harsh winters often di
Top Asian Container Companies: Leaders driving global shipping Top Asian container companies drive world trade Asia dominates the global container shipping industry, with several regional giants controlling a significant share of worldwide capacity. These companies not only move goods across oceans but also invest heavily in modern fleets and future capacity. In terms of TEU capacity, and based on the latest data from Alphaliner, here's a closer look at the
Lufthansa Cargo AG appoints new COO Air Cargo Community Frankfurt e.V. has appointed Frank Bauer, Chief Operating Officer of Lufthansa Cargo AG, to its board. Bauer took on the COO role at Lufthansa Cargo on July 1, 2025. He now represents the airline on the association's board, bringing with him deep industry experience and leadership expertise. He has spent much of his career within the Lufthansa Group. His roles have included bo
DP World expands Carbon Inset Credits Fivefold DP World is increasing the carbon credits offered to customers through its Carbon Inset Programme. Starting 1 October 2025, every loaded container imported through the UK ports will qualify for 250kg CO2e credits, up from the previous 50kg. Since launching in January, the programme has registered over 200,000 TEUs. The expanded credits cover emissions from the "last nautical mile" of container sh
Narrow-body freighters drive efficiency in air cargo Fuel-Efficient Aircraft on the Rise Narrow-body freighters are becoming an essential part of the air cargo industry. Aircraft such as the Boeing 737-800 and Airbus A321-200 are equipped with fuel-efficient engines and optimized cargo space. They are well-suited for short- to medium-haul routes, cutting fuel consumption and reducing environmental impact. Sustainability and Cost Savings Operating s
ABS and Saronic team up ABS has signed a memorandum of understanding (MOU) with Saronic Technologies to explore the use of autonomous systems in shipping. The agreement sets out a framework for collaboration on technical requirements for autonomous surface vessels (ASVs). It also covers classification services for Saronic's autonomous capabilities. "Advancing autonomous technologies unlocks safer, more efficient operati
Governor's economic advisory council met in Coos Bay The Governor's Council of Economic Advisors held its quarterly session on Oregon's South Coast on Friday, August 8, hosted by the Oregon International Port of Coos Bay and the South Coast Development Council. The gathering offered the region a prime opportunity to spotlight its expanding role in trade and economic development, particularly against the backdrop of evolving federal trade policies.
Performance Shipping tanker heads to Pakistan under year-long charter Greece's Performance Shipping has secured a fresh time charter for one of its tankers, agreeing a year-long fixture with Pakistan National Shipping Corporation (PNSC). The 105,304 dwt LR2/aframax P Aliki has been fixed at a daily rate of $30,000 for a firm period of 12 months, with the PNSC holding an option to adjust by ...
Norden continues asset play with bulker sale and purchase moves Denmark's Norden has continued its active run in the bulkers sale-and-purchase market, confirming the disposal of a supramax and the acquisition of a Japanese-built panamax. The Copenhagen-listed company is following through on its strategy of converting leased tonnage into owned assets and then reselling them for profit. The Jan Rindbo-led owner and operator said it ...
10.4m teu container orderbook raises spectre of decade-long supply glut The containership orderbook has reached a record high of 10.4m teu, according to data from Asian container consultancy Linerlytica, with the orderbook ratio rising to 31.7% of the fleet - its highest levels since 2010. "The last time the orderbook ratio exceeded this level in 2004-2009, it ended in a decade-long supply overhang that took ...
Ammonia engine tests show 95% emission cut Ammonia as a frontrunner in shipping's fuel of the future stakes is very much back in the headlines with news of a first green ammonia bunkering operation concluded recently in China, and Japanese companies mapping out landmark ammonia bunkering ops in Singapore, the world's largest bunkering hub, scheduled for 2027. Moreover, new data carried by ...
Oceaneering wins more inspection work in West Africa Houston-based Oceaneering International has been awarded a contract extension for inspection services in West Africa. The company said that the extension was won by its integrity management and digital solutions segment. The client was unnamed but was described by Oceaneering as a 'major operator'. The scope of work includes non-destructive testing, non-destructive examination, and inspection ...
KMTC upsizes fleet with $600m order at HD Hyundai Korea Marine Transport Co (KMTC) has been linked to its biggest move yet in the newbuild market, locking in an order for four 13,000 teu containerships at HD Hyundai yards. Brokers report the Seoul-based liner operator has committed to the quartet at around $150m per ship, marking a significant step up in vessel size for ...
Petrobras looking to boost production from FPSO trio The company's head of exploration and production, Sylvia dos Anjos, said that Petrobras wants to increase production from several FPSOs operating offshore Brazil. One of them is its largest FPSO in operation, the Almirante Tamandare, located on the Buzios field in the Santos basin. The unit is chartered from SBM. The unit started operations in ...
Brazilian authorities shut down Equinor FPSO over safety issues Brazil's National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has ordered Equinor to stop production from the Peregrino FPSO over safety concerns. PRIO, which bought Equinor's 60% stake in the Peregrino field in May this year, said that the order to stop production from the unit was communicated through the Operational Safety Superintendence. Even ...
Ningbo Ocean Shipping back at Huangpu Wenchong for 4,300 teu series Ningbo Ocean Shipping Co (NBOSCO) is continuing its containership fleet expansion with a fresh order for four 4,300 teu vessels at Huangpu Wenchong Shipbuilding. The newbuildings are scheduled for delivery in 2029 and follow the company's earlier plan announced this year to invest up to $278m in this series. While the yard was initially to ...
MOL and Itochu ink deal for Singapore ammonia bunkering demo Japan's Mitsui OSK Lines (MOL) has signed a joint development agreement with trading house Itochu Corporation to carry out the world's first ship-to-ship ammonia bunkering operations in Singapore. The project, slated for the second half of 2027, will see MOL deploy its coming fleet of ammonia dual-fuel capesize bulkers while Itochu brings in its 5,000 ...
Explosion rocks bulk carrier departing Baltimore Baltimore's already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX's Curtis Bay terminal around 6:30 pm when a blast ripped through its ...
Why grief at sea needs to be taken seriously Gisa Paredes, a psychologist and managing director of WellAtSea, writes for Splash today. At sea, stress is expected. Long hours, isolation, and operational pressures are part of the job. But one silent, often misunderstood force can erode seafarer wellbeing from the inside out: grief. We tend to think of grief as something that arrives with ...
SFL share price plummets as rig layup spurs dividend cut SFL leases out a diversified fleet of boxships, tankers, bulkers and car carriers - but it also has a 'problem child'...
Shadow LPG fleet continues swelling as sanctions increase Ofac has ramped up designations of LPG carriers in July, although the fleet ferrying Iranian LPG continues growing, and loadings...
Europe must 'get serious' about funding ferry fleet renewal Plight is particularly severe in Greece where a large and strategically important class of vessels is now obsolete, warns consultancy
Montenegro's Crnogorska Plovidba sells its fleet of two bulk carriers After arrests and financial difficulties, vessels have been put up for sale to unknown buyers
Saudi Arabia challenges legality, trade cost of IMO green framework Saudi Arabia is leading petrostates' political charge against the IMO Net-Zero Framework, arguing it would cause global inflation, slow economic...
Surveyor Van Ameyde looking to double in size Company aims for slot among leaders in marine survey market
Norden acquires panamax amid bulker S&P slump Sales of bulk carriers in the first six months of 2025 were down 13% on the same period in 2024...
Methanol and ammonia need 'concerted push' to succeed The Global Maritime Forum has welcomed progress in developing methanol and ammonia as alternative fuels, while highlighting several areas with...
US ports: So far so good, but tariff fallout 'lag' is ending Counterintuitively, US imports have risen amid skyrocketing tariff costs. Volumes in July reached peaks seen only once before, during the...
Boxship orderbook surges past 10m teu as carriers expand despite market uncertainty Global containership orderbook has exceeded 10m teu, with carriers pressing ahead on fleet expansion despite geopolitical uncertainty and weakening freight...
India detains two more MSC boxships Courts seek to enforce blockbuster claim against world's largest box carrier
Vessel rocked by explosion in Baltimore The incident took place very close to the Francis Scott Key bridge, which containership Dali struck in March 2024
The Daily View: Devils in the details
Daily Briefing How US-India trade impasse affects container and tanker shipping | IMO must hasten work on Net-Zero Fund or risk delaying...
project44 wades into TMS market to fill modal, geographic gaps The data visibility company has long partnered with transportation management system providers to get broader access to shippers, but will now compete alongside those partners.
Toll of US tariffs begins to emerge on unsettled trans-Pacific A sense of uncertainty - if not alarm - about future demand and tariff levels on China has slowed, and even paralyzed, some orders from small and medium-sized importers, four veteran forwarders told the Journal of Commerce.
New TRAC offering reimagines pricing model for chassis use A new method for billing for chassis usage involves GPS technology and geofencing, something TRAC hopes will encourage truckers and cargo owners to build a resilient fleet of equipment.
Truckstop.com acquires truckload factoring service Denim The deal comes as freight marketplaces and solutions providers look to expand their services to offer carriers, shippers and brokers end-to-end platforms.
Overhaul dives deeper into 'part-level' tracking with FreightVerify deal The acquisition will allow Overhaul to incorporate FreightVerify's visibility data that helps shippers and logistics providers measure when freight is at risk while in transit.
Going long: Scorpio Tankers finds five-year employment on pair of LR2s Public product carrier giant takes book of period fixtures to nearly 20 tankers
Brazilian offshore vessel player scores $585m charter deals with Petobras OceanPact chief executive says deal is 'an important milestone' for Sao Paulo-listed outfit
Going long: Scorpio Tankers finds 5-year employment on pair of LR2s Public product carrier giant takes book of period fixtures to nearly 20 tankers
Full-circle moment for Golden Ocean as a new era dawns as part of CMB.Tech Golden Ocean has gone from tankers to bulkers and then to a diverse fleet over the past 30 years
Frontline suezmax back in sale and purchase spotlight Ship first rumoured to be sold earlier this year now said to be headed to Emirati buyers
'Killing our business': Cutting up of infamous ship highlights squeeze on European shipbreakers Belgian yard laments millions in costs and delays as ill-fated container ship Solong reaches end-of-the-line
As US turns up the heat on India over Russian oil, VLCC and suezmax tanker owners could cash in Of three possibilities forecast for US-India dispute resolution, one helps tankers
Asyad sights set on tankers and LNG carriers after adding second Landbridge VLCC Omani owner to embark on next phase of $2.7bn drive
VLGC market fire burning brighter as Panama Canal costs push ships around South Africa Brokers note 'headache' for all concerned as tonnage supply tightens
SFL cuts dividend as vessel sales reduce cash flow Shipowner names Seatankers' Jan Erik Klepsand as new board director
Decarbonisation advocate Rasmus Bach Nielsen quits Trafigura weeks before key IMO vote Influential figure in the world's second-biggest oil trader to take time out for management school training
Thenamaris sells oldest VLCC for huge profit as interest remains firm in veteran tankers Brokers say Chinese interests have moved for the Searacer, acquired in 2021
Torm downgraded as Pareto sees premium pricing after outperformance Analyst raises target price to $21 per share
Norden flips supramax bulker and adds a kamsarmax to fleet Danish owner-operator appears to have acquired a wide-beam Japan-built bulker
Turkish buyer snaps up fleet of state-owned bulker owner saved from bankruptcy Montenegro's Crnogorska Plovidba offloading two handysizes after government pulled funding plug
TotalEnergies firms up option with Spain's Ibaizabal for second LNG bunker vessel Energy major is building out its position in north-west Europe
Christen Sveaas and Kjell Inge Rokke to face off in trial over Solstad refinancing Case will be heard over 10 weeks in Oslo
Western Bulk stock drops amid 'soft and challenging' markets DNB sees limited relief from freight markets in near term
John Fredriksen offloads tranche of Avance Gas shares days before company delists Tycoon cuts stake in former gas carrier owner before it winds up
Christen Sveaas' Kistefos seeks to raise $50m in bonds as profit jumps Firm mandates Arctic, DNB and Fearnleys to lead fundraiser
Carisbrooke orders three vessels from China's Jiangsu Dajin Heavy Latest order reported by Clarksons gives owner a five-ship orderbook
MOL and Itochu plot first capesize ammonia bunkering operations in 2027 Japanese groups teaming up for demonstrations in Singapore
Domestic Norwegian wealth fund cuts stakes in Frontline, BW LPG and Flex LNG Pension fund increases holdings in DOF, Hafnia and Subsea 7 during strong period for Oslo Stock Exchange
VIDEO: Explosion rips through Greek bulker near Baltimore bridge disaster site Probe begins as kamsarmax damaged by blast, but crew members safe
CMB.Tech tipped to sell 34 ships worth $1.1bn after Golden Ocean merger Fearnley Securities identifies VLCCs, capesizes and other non-core vessels that could be offloaded by Belgian giant
Blaze-hit Wan Hai boxship hunts for port of refuge Four seafarers lost their lives in explosion
Carisbrooke orders three vessels from China's Jiangsu Dajin Heavy Latest order reported by Clarksons gives shipowner a five-ship newbuilding orderbook.
Ocean Yield charter backlog swells as company brushes off second-quarter profit drop Vessel lessor mandates banks for new US dollar bond issue
Expansive Asyad Shipping tied to trio of large bulkers from CMB's chartered fleet Spokeswoman for Belgian operator says reports are incorrect
Trailblazing deck officer honoured with naming role for latest Adnoc L&S gas carriers Ceremony culminates a busy week in China for UAE-based shipping giant, which also ordered a molten-sulphur carrier
Air Canada to restart operations as flight attendants end strike Air Canada and striking flight attendants have negotiated a new collective bargaining agreement, which enables the airline to resume operations late Tuesday.
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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