Wind Keeper becomes newest addition to the Cadeler fleet Copenhagen-headquartered offshore wind farm installation specialist Cadeler has taken delivery of its latest acquisition, the Wind Keeper, ahead of schedule and has aleady landed its first long-term firm contract with Vestas, for
K LINE takes delivery of LNG-fueled car carrier "K" LINE has officially taken delivery of its latest liquefied natural gas LNG-fueled car carrier, TETHYS HIGHWAY, a 6,900-vehicle capacity vessel. A naming ceremony was held on the day of delivery, where the vessel was christened TETHYS HIGHWAY by Mr. Tsuguo Fukumura, Senior Executive Officer of Isuzu Motors Limited. The name pays tribute to Tethys, the Greek sea goddess, symbolizing the vessel'
Maersk launches new CAX service Maersk has unveiled a new Caribbean-North Europe service, set to launch at the end of September 2025 as part of a broader reshaping of its ocean network in the Latin American and Transatlantic corridors. The new CAX service is designed to replace the existing CRX and COEX services and will offer enhanced schedule reliability, improved transit times, and broader market connectivity. The rotation w
Maersk implements temporary adjustments to Tango Service rotation Maersk has announced a series of temporary adjustments to its Tango Service rotation, aimed at optimizing port coverage in South America and the US East Coast amid evolving network demands. Beginning with the Maersk Monte Linzor, scheduled to arrive on July 22, the carrier will resume weekly calls to Rio Grande, restoring regular access to the Brazilian port. Meanwhile, service to Rio de Janeiro
CMA CGM reshapes West Africa coverage CMA CGM has announced a revised port rotation for its MedWax service, enhancing its presence in Nigeria while streamlining operations in West Africa. The Gibraltar Straits-West Africa MedWax loop will now include Lekki Port (Nigeria), replacing San Pedro (Ivory Coast) in the rotation. The updated port sequence is as follows: Algeciras - Tangier - Freetown - Lekki - Monrovia - Freetown - Algeciras
Australasian container trade grows in Q1 2025 Containerised trade in the Australasian region saw solid growth in the first quarter of 2025, expanding 6.4% year-on-year to reach 5.79 million TEUs, according to provisional data released by Container Trades Statistics. Both imports and exports registered notable increases, though intra-regional trade within Australasia contracted sharply, dropping more than 8% to 73,400 TEU. Source: DynaLiners
From risk to reliability: The case for specialist freight partners The freight forwarding landscape is increasingly complex. Importers and exporters are navigating a minefield of shifting customs regulations, stricter environmental pressures, and a rapidly shifting trade agreement and tariff landscape. The movement of simple, high-volume goods is affected by these challenges, but the stakes are even higher when the cargo is unconventional, delicate, or time sens
How CMA CGM and Fincantieri vows to rebuild America's industrial sea power As geopolitical rivalries tighten and the global supply chain frays under the pressure of conflict and climate, the United States is quietly orchestrating an industrial revival of its long-neglected maritime sector. Two European powerhouses, France's CMA CGM and Italy's Fincantieri, are emerging as key industrial proxies, guiding the US toward a renewed era of maritime capability
MPCC pushes forward with fleet renewal and financing moves Newbuilding order for four 4,500 TEU container vessels MPC Container Ships (MPCC) has announced a major fleet renewal step with an order for four 4,500 TEU container vessels. The contract was signed with Taizhou Sanfu Ship Engineering in China. Deliveries are expected to begin in the second half of 2027. The total investment amounts to US$228 million. MPCC also secured options for more vessels, a
Container liner carrier rankings by country shift in mid-2025 The mid-year update to the global virtual ranking of container liner carriers by country has revealed several positional changes, reflecting shifts in national fleet strategies and carrier developments over the past six months. Thailand and Russia both slipped in the rankings, falling to 17th and 19th respectively. These declines nearly erased the gains both countries had recorded earlier in the
ICS endorses IMO's net-zero framework The International Chamber of Shipping has thrown its full support behind the International Maritime Organization's landmark Net-Zero Framework, which sets the stage for the world's first global emissions pricing system targeting an entire industry. Adopted in principle by IMO member states in April, the framework is seen as a critical step toward decarbonizing international shipping. Described as
CCS and IACS convene high-level maritime summit on decarbonization and digitalization In a pivotal gathering held on the sidelines of the 91st Council meeting of the International Association of Classification Societies, the China Classification Society and IACS co-hosted a high-level stakeholder meeting at CCS Headquarters in Beijing. Presided over by CCS Senior Vice President Mr. Cai Yanxian, the summit brought together more than 80 representatives from international maritime or
PSA unveils SG60 container tribute at Tanjong Pagar PSA Singapore is marking Singapore's 60th year of independence with a sincere tribute, a massive container display unveiled at the historic Tanjong Pagar Terminal. The installation features two key messages: "SG60" and "PSA SG", symbolising national pride and PSA's longstanding connection with the nation's maritime heritage. Tanjong Pagar Terminal was Singapore's first container port, opened in
Port of Hueneme launches second emissions-capture barge Port Hueneme marked a major sustainability milestone this week with the introduction of a second emissions capture and control barge from STAX Engineering. The new barge, named STAX 6, highlighting the Port's progress toward its ambitious goal of becoming the first zero-emissions port in the U.S. by 2030. With just eight emissions capture barges operating across California, Hueneme now runs two,
Greek shipowners return to feeder market Greece's maritime sector is charting a bold new course as several of the country's leading shipping firms re-enter the container feeder market, marking a shift with significant geopolitical and operational implications. Chartworld Shipping is the latest Greek firm to make headlines. The company has reportedly signed a letter of intent with Chinese shipbuilder New Dayang for two firm and two optio
Port of Barcelona to reduce terminals and improve mobility Barcelona City Council and the Port of Barcelona have signed a major agreement to scale back cruise activity and enhance sustainable mobility. The deal will cut the number of cruise terminals at Adossat Wharf from seven to five. The Port will demolish Terminals A, B, and C and replace Terminal C with a new public terminal capable of serving up to 7,000 passengers at a time. This upgrade aims to p
Port of Ashdod breaks into global top 10 for port reliability Port of Ashdod has earned a major international recognition, securing 9th place in Sea-Intelligence's 2025 Global Port Reliability Index, its first appearance in the influential global ranking. Compiled by leading maritime analytics firm Sea-Intelligence, the index evaluates 202 ports worldwide based on schedule reliability, forecast accuracy, and operational performance under heavy traffic. Also
Hyundai eyes Casablanca as gateway to Europe and Africa Hyundai is reportedly preparing to enter the bidding process to operate a new state-of-the-art shipyard in Casablanca. The move comes as part of the company's wider global expansion strategy, aiming to build regional shipbuilding and repair hubs across key maritime corridors. According to reports from Business Korea, HD Hyundai is seeking a concession-based agreement that would lower upfront capi
Eilat port to shut down due to unpaid taxes caused by war effects The Eilat Municipality has seized the bank accounts of the Red Sea port due to outstanding municipal tax debts exceeding US$178,764, prompting the closure of Eilat Port this coming Sunday. The move follows a prolonged period of inactivity at the port, driven by regional instability and the ongoing threat of Houthi attacks on maritime traffic through the Red Sea. According to Globes, the port has
PSA Antwerp joins ZEPA PSA Antwerp has officially joined the Zero Emission Port Alliance (ZEPA), becoming the latest major terminal operator to commit to accelerating the shift toward battery-electric port equipment and net-zero emissions. ZEPA brings together a global network of ports, equipment manufacturers, and terminal operators around a common mission: decarbonizing port operations by scaling up clean technologie
Georgia Ports Authority and Konecranes mark 30-Year milestone in yard crane partnership The Georgia Ports Authority and Konecranes are celebrating three decades of collaboration, marking 30 years since GPA acquired its first rubber-tired gantry crane from Konecranes a pivotal moment in the evolution of port operations and crane technology. Griff Lynch, President and CEO of GPA said Konecranes has played a crucial role in enhancing our operational performance and customer service. To
Asia celebrates shipping's past and future with dazzling new exhibits Two great Asian cities are set to welcome maritime history for local citizens to lap up. Tomorrow sees the launch of Mitsui OSK Lines's Funeshiru Museum in Osaka, featuring hands-on displays to see, touch, and play with the world of ships. The museum features the world's first 310-degree LED screen navigation simulator for the general ...
Ship registry and 105 vessels among entities listed in EU's latest Russian sanctions The European Union officially rolled out its 18th sanctions package today, overcoming opposition from Slovakia earlier in the week. The sanctions are aimed squarely at crippling Moscow's revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will be tightened-reduced to ...
Diana Shipping makes move on Genco with $46m stock play Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired around 3.3m shares in Genco, valued at roughly $46m. The ...
Moscow orders ship hull sweeps after surge in mystery blasts Russia's state-run port operator FSUE Rosmorport has announced a RUB 3.16 billion ($39.5m) tender to inspect the underwater sections of vessels at key Baltic Sea ports amid mounting concerns over maritime sabotage. The sweeping safety initiative follows a string of mysterious explosions on merchant ships, most recently aboard StealthGas's ammonia tanker Eco Wizard (pictured) at ...
New York cancels offshore wind power line project due to Trump ban New York's Public Service Commission has stopped the project that would bring offshore wind power to New York City. Gas and electric utility customers would pay for the costs of the transmission lines to transport wind power that doesn't exist, leaving them vulnerable to rate hikes, especially due to Trump's decision to block the issuance ...
Subsea 7 wins new Equinor contract for North Sea development Offshore engineering and services provider Subsea 7 has secured a contract for work on Equinor's Fram Sør development project, located offshore Norway. The project's work scope encompasses engineering, procurement, construction, and installation of subsea structures and flowlines, including 53 km of production, gas lift, and water injection lines. It also includes the installation of the ...
NYK injects $1.45bn into European healthcare supply chain Japanese shipping giant Nippon Yusen Kaisha is spending EUR1.25bn ($1.45bn) to acquire the healthcare logistics business of the Walden Group through the acquisition of the entire share capital of Movianto International. The healthcare logistics business of the Walden Group includes Movianto, Eurotranspharma, Transpharma International and Walden Digital. Specialising in the healthcare industry, th
MPC Container Ships spends $228m on four 4,500 teu orders in China Oslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China's Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over $100m. The ships, which will deliver in 2027, will generate around $140m ...
Why today's maritime leaders must unlearn to adapt Irene Rosberg, programme director of the Blue MBA at Copenhagen Business School, writes for Splash. The map has changed, and it keeps changing. In maritime, this is no longer a cliché; it's a daily reality. For those of us shaping the next generation of leadership at the CBS Blue MBA, the biggest challenge facing senior ...
Russia sanctions: try, try and try again After 17 previous goes, Brussels may even be starting to get things right
EU and UK lower oil price cap as latest sanctions on Russia targets tankers, refinery and flag Following weeks of political bargaining and blockers, the EU's latest sanctions package has been agreed, lowering the oil price cap...
Carriers face weak second half in transpacific as rate slide continues The cards are stacked against ocean carriers in the transpacific trade. Tariffs are pressuring margins of US importers, prompting some...
IMO must reward ZNZ fuels and avoid double tax ICS argues Draft regulations say ships may receive rewards for using zero or near-zero-carbon fuels under new IMO rules. Shipowners argue this...
State-sponsored cable cutting 'an attractive option' for Russia and China State-sponsored sabotage is likely to escalate in the near future too, a report from security think tank Insikt Group claims
Contracts should set out FuelEU responsibilities, advises West Include BIMCO model clauses in SHIPMAN 2024 agreements and time charterparties, marine mutual tells members
Shanghai unveils ambitious plan for mega shipbuilding powerhouse Shanghai is pushing ahead with an ambitious government-backed plan to turn Changxing Island into a world-class shipbuilding hub by 2027...
CSSC Shipping orders $150m newcastlemax pair at parent yard Despite market headwinds, China's ship leasing sector is expected to keep growing, driven by flexible financing and further interest rate...
Cruise and ferry sectors continue to drive Wartsila's growth Global uncertainty, both politically and economically, has dampened demand for newbuildings, chief executive Hakan Agnevall said, but Wartsila's core segments...
Orders for smaller boxships mount as China's Taizhou Sanfu wins newbuilding quartet from MPCC New series of wide beam containerships priced at $57m each are backed by three-year time charters to leading container line...
The Daily View: It's time to stop blaming Covid
Diana Shipping buys $46m stake in Genco The Greek bulker owner filed a Schedule 13D form with the US Securities and Exchange Commission, which is used when...
Potential UP-NS tie-up would cause major shift in US intermodal market But other Class I railroads will likely be vocal in their opposition to any deal and look to rally support from shippers to block the move, setting the stage for a contentious regulatory battle.
MSC, Yang Ming lead nearly $4 billion ordering spree for new vessels MSC's orders at two Chinese shipyards continue the carrier's long association with Chinese shipbuilders, with the liner seemingly undeterred by US proposals to levy hefty port fees on Chinese-built ships.
Drayage stakeholders say industry under threat from falling rates, increased costs US drayage truckers say costs and competition have been on the rise since the pandemic, while at the same time their pricing power is under downward pressure.
Schneider National to 'dissolve' Cowan brokerage arm Oct. 1 in rebranding move The decision cuts against what Schneider announced when it acquired Cowan last November, that Cowan's brand would be retained and the company would operate as a wholly owned subsidiary.
High variance exists in carriers' cross-trade products Bigger carriers have more services and transshipment hubs and are generally able to offer more efficient connecting services, though there is still room to prosper for small and midsize carriers, writes Jeremy Masters.
Up and down: Diana investment in Genco sends two stocks in different directions Investors weigh in amid emerging view that Greek owner's stake is unlikely to be hostile
Wavelength podcast: Big-bucks boxship deals show big is still beautiful - but small is sublime Plus, what US secondary tariffs on Russia's trading partners would mean for shipping, and are tankers really avoiding the Red Sea?
UK joins price cap cut as shipping rues increased complexity Europeans join forces in targeting oil cargoes despite as industry warns of splintering system
Canadian shipowner CSL trades blows with US steel company over bulker grounding costs In latest round of nearly three-year old court fight, Cleveland-Cliffs opposes valuation of self-unloading bulker
Canadian owner CSL trades blows with US steel company over bulker grounding costs In latest round of nearly three-year old court fight, Cleveland-Cliffs opposes valuation of self-unloading bulker
Constantin Baack '100% sure' of supply squeeze on small boxships after newbuilding wager MPC Container boss believes more small container vessels are needed - but the 'tricky part' is lining up a charter
Mystery owner orders up to three CSOVs from Vard 'International customer' spending more than $100m on new offshore wind ships
Constantin Baack '100% sure' of supply squeeze on small container ships after newbuilding wager MPCC boss believes more small boxships are needed - but the 'tricky part' is lining up a charter
BW-backed Cadeler inks $245m charter for newest turbine installation ship Denmark-based owner finds work for Chinese ship it bought in May
Lofty tanker values 'correcting' as buyers get more choosy, brokers say Allied QuantumSea believes investors want more attractive entry points
Eni clinches 20-year Venture Global supply deal, generating more than 550 LNG carrier cargoes Italian energy group buying 2m tonnes per year from US producer
Eni will need 550 LNG carriers after clinching 20-year Venture Global supply deal Italian energy group buying 2m tonnes of gas per year from US producer
Drifting container ship fixed after tow back to Iceland Eimskip says Dettifoss was loaded in Reykjavik after North Atlantic breakdown
Navios Holdings to fight lawsuit alleging scheme to 'cheat' investors Two investors say prices in preferred shares were artificially driven downward by delisting
US crude exports could provide a downside to tanker bullishness Exports out of the country fall, even as Opec and Atlantic neighbours see production and export rises
Shipowners weary after sixth consecutive year of P&I premium increases Protection and indemnity costs have kept going up despite ever-strengthening capital positions
EU sets lower, 'dynamic' Russian oil price cap and blacklists over 100 additional tankers 'Strongest' EU package yet targets oil price, vessels, master, a flag, fuel imports and a Rosneft refinery in India
Bitter blame game: Deadliest Houthi attack pits operator against crewing agency Status Maritime says Greek operator did not give enough advance warning of Red Sea transit
MPC Container Ships' stock rises after revealing newbuilding raid with 'attractive entry point' Arctic Securities says transaction is supportive for equity
Iraq to restart oil exports to Turkey despite drone attacks in Kurdish oilfields Pipeline to Ceyhan will resume flows after a two-year halt, government says
Wartsila profit rises despite global turmoil 'dampening' newbuilding demand Finnish shipping tech group says cruise and ferry operations remain positive, and liner companies continue to move on fleet renewal
Iraq to restart oil exports to Turkey despite drone attacks in Kurdish oil fields Pipeline to Ceyhan will resume flows after a two-year halt, government says
CMB.Tech and Golden Ocean to complete merger after shareholder vote next month First day of trading for combined operation is expected to be 20 August
EU lowers Russian oil price cap to $46 as over 100 ships added to sanctions list European bloc dishes out 'strongest package' yet, targeting oil price, vessels, masters, a flag registry and a Rosneft refinery in India
Four brokers on a lifeboat: Rescue crews to benefit from Mediterranean mission Summer voyage from London to Milos plans to raise £50,000 for lifeboat rescue teams
Cash pile swells at Petros Panagiotidis' Toro Corp as profit drops Nasdaq-listed owner reveals rate fall during first quarter
MPC Container Ships inks rare $228m newbuilding order in flurry of deal-making New debt financing worth more than $100m has also been arranged
Order surge hits: Tanker fleet growth to outpace demand from next year, Veson Nautical warns Analysts say a bundle of tankers ordered in 2024 will start to have an effect in 2026
Russia seeks inspectors in $40m drive to stop tanker bombings Tender issued and checks will be stepped up in face of suspected Ukrainian sabotage campaign
Bunker boss Dorthe Bendtsen explains the challenges of 'immense changes' for shipping New KPI OceanConnect CEO tells TradeWinds about the first few months in the top job, and what comes next
EU lowering Russian oil price cap as over 100 ships added to sanctions list European bloc sanctions 105 more shadow fleet ships, targets flag registry and sanctions Rosneft refinery in India
Pareto Bank sees flat shipping loan development after 'significant redemptions' Lender sees less predictability in shipping markets due to tariffs and geopolitical risks
Danske Bank shipping and energy credit exposure drops in second quarter Lender foresees robust markets despite geopolitical uncertainty
EU set to pass new Russian oil price cap after Slovakia lifts veto EU holdout expected to formally lift objections to 18th European sanctions package against Moscow
Algerian ferry operator buys Greek ropax giant via BBHP deal El Venizelos sale is the third clear-out of unwanted tonnage this year by Attica Group
Lila Global places newly acquired VLCC in Tankers International pool Lila Kochi is being deployed in a sub-pool created for older VLCCs
Diana Shipping moves on Genco with $46m stake and 'non-passive' filing Diana grabs 7.7% of New York company, becoming one of its largest shareholders alongside Berge Bulk and BlackRock
Chinese leasing giant ICBC struggling with cut-price auction of former Bourbon fleet First offshore vessel up for sale has been relisted, while valuable large construction ship finds no takers
Drewry: Ocean rates fall for fifth straight week Ocean container rates on the Asia-U.S. trade lane continue to fall, according to Drewry's latest data.
Port of Oakland containers off 10% as 'recalibration' hits ocean supply chain Uncertainty over tariffs and shifting supply chains undercut the Port of Oakland's June container volume.
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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