Construction of Canada's Polar Max heavy icebreaker starts in Finland In what it hails as "a historic milestone for the Canadian shipbuilding industry," Lévis, Quebec-headquartered Davie today officially began construction of the Polar Max icebreaker at its Helsinki Shipyard subsidiary in Finland.
Ashdod Port opens its doors to innovation Ashdod Port has achieved a major milestone, being included for the first time in the Global Port Reliability Index by Sea-Intelligence, a leading maritime data analysis firm. Out of 202 ports worldwide, Ashdod ranked 9th, positioning itself among the most reliable global ports. The index is considered a global benchmark, measuring schedule adherence, accuracy of forecasts to shipping lines, and o
Imabari Shipbuilding delivers 64,000-Ton Bulk Carrier Imabari Shipbuilding delivered the CORAL HALO, a 64,000-ton handy-max bulk carrier, from its Shin Kasado Dockyard. The vessel is designed for ocean-going operations and meets the Common Structural Rules (CSR BC & OT). Each cargo hold features topside and hopper tanks, making the ship suitable for a wide range of cargoes, including grain, coal, ore, cement, steel coils, and long steel. Wide hatch
Parcelhero: Should UK scrap de minimis too? The international delivery expert Parcelhero says that the UK may need to follow the US in scrapping its de minimis limit following a 53% increase in low-value imports. It says that £5.9bn of low-value products are now flooding into the UK annually, further endangering Britain's High Streets. Following President Trump's long-planned ending of duty-free de minimis packages from China into the USA,
Klaipeda Port to develop Jurbarkas as inland cargo hub Klaipeda Port Authority has signed an agreement with Jurbarkas District Municipality to operate one of the quays at Jurbarkas, paving the way for the development of a modern inland cargo port. The Nemunas River, a key transport artery in Lithuania, offers an environmentally friendly route for cargo transportation. "Developing Jurbarkas Port will strengthen Lithuania's logistics system and create
RAD Propulsion and Williams Shipping launch zero-emission marine operation RAD Propulsion, a Southampton-based specialist in electric marine propulsion, has partnered with Williams Shipping to deliver local zero-emission vessel operations in Southampton's busy port waters. The project combined RAD's electric propulsion technology and autonomous capabilities with Williams Shipping's expertise in marine operations and harbour authority coordination. Together, they deploye
Constanta Port strengthens role as key gateway for Asian trade Constanta Port, Romania's largest sea terminal and a major hub in the Black Sea, handled over 96% of the country's maritime cargo in 2024. Its importance has grown amid infrastructure investments exceeding €250 million, including expanded quay areas, RO-RO and project cargo terminals, and upgraded rail and road access. The port's significance has also increased since Ukraine's Odesa port shutdown
Port of Charleston expands infrastructure Construction at the Port of Charleston is moving ahead on key projects aimed at boosting rail capacity and expanding the Leatherman Terminal. At the Leatherman Rail Facility, all six electric rail-mounted gantry cranes (RMGs) have been installed, and commissioning work has begun. When complete in early 2026, the facility will handle 1 million rail lifts per year. Work is also underway on a dedica
MPC Container Ships standardizes FleetVision across fleet MPC Container Ships (MPCC) is expanding its partnership with ShipIn Systems by rolling out the FleetVision platform across its entire fleet. The decision follows a successful pilot program. Also, reinforces MPCC's focus on crew safety, operational efficiency, and smart maritime technology. FleetVision is ShipIn's AI-powered visual analytics system. It gives real-time visibility into shipboard ope
Port of Oakland container volumes jump in July Container traffic at the Port of Oakland surged in July, rebounding sharply from June as importers accelerated shipments ahead of the August 1 tariff deadline. Loaded imports jumped 31.4%, from 70,334 TEUs in June to 92,392 TEUs, marking the highest monthly total so far in 2025. "This front-loading clearly drove the month's strong performance," said Bryan Brandes, Port of Oakland Maritime Directo
Grimaldi last conro player standing The Grimaldi group is the only one that continues to operate container ro-ro (conro) ships, as the Italian operator still believes in the concept of transporting containers, cars, trucks and wheeled project cargoes on a single purpose-built ship, according to Alphaliner. Since 2023, only six deep-sea conro vessels have entered service, all built by South Korea's HD Hyundai Mipo for Grimaldi. Othe
Imabari Shipbuilding delivers 13,900-TEU containership Imabari Shipbuilding delivered the 13,900-TEU containership ONE SINCERITY from its Hiroshima Shipyard. The vessel is designed exclusively for container transport, with a capacity of 13,932 TEU. Its deck features up to four rushing bridges and ample space for frozen containers. The ship can also carry hazardous cargo in line with the IMDG Code. The vessel incorporates advanced environmental featur
ZIM reports financial results for Q2 2025 ZIM Integrated Shipping Services Ltd. announced today its consolidated results for the three and six months ended June 30, 2025. For the second quarter of 2025, ZIM reported a net income of $24 million (compared to $373 million in the second quarter of 2024), or diluted earnings per share of $0.19 (compared to $3.08 in the second quarter of 2024). Adjusted EBITDA for the quarter was $472 million,
Damen Folla unveils new aquaculture service vessel Damen Shipyards Group and Folla Maritime have launched their new joint venture, Damen Folla, during the Aqua Nor exhibition in Trondheim. The move marks the next step in their partnership to deliver sustainable vessel solutions for the aquaculture sector. The venture builds on Damen's majority stake in Folla Maritime, announced in April. Folla Maritime brings decades of experience in aluminium wo
DHL Supply Chain appoints new CEO for Europe DHL Supply Chain has appointed Rainer Haag as CEO for Europe. He succeeds Hendrik Venter, who takes over as global CEO and joins the DHL Group Management Board. Haag will oversee 16 Central European markets. He reports directly to Venter. Haag joined DHL in 2010. He has held senior roles across Europe, including CEO DHL Supply Chain Germany & Alps. In that role, he expanded the Florstadt healthca
CMA CGM adjusts SAINT LAURENT (SL1) service CMA CGM has announced a rotation change on its SAINT LAURENT (SL1) service, which connects North Europe and Canada, to enhance schedule reliability and ensure efficient transit times. Previous Rotation: Bremerhaven (NTB) - Rotterdam (Delta II) - Antwerp (PSA) - Montreal (Racine) - Halifax (Halterm) New Rotation (effective August 2025): Antwerp (DPW) - Bremerhaven (NTB) - Rotterdam (RWG) - Montrea
Godby Shipping expands fleet Godby Shipping has acquired the RoRo vessel Transporter from Eckerö Shipping Ab Ltd, marking a key step in the company's fleet expansion and long-term commitment to serving its core customers. Built in 1991, Transporter offers a capacity of about 1,250 lane meters and is well-suited for paper transport as well as a wide range of rolling cargo, including trailers, mafis, trucks, and heavy machiner
Porto Itapoá launches RTG Optimization with Kaleris Porto Itapoá has completed the first phase of its RTG-Optimization project, a multi-stage rollout designed to improve yard crane operations at the Brazilian container terminal. The terminal, one of South America's busiest, is working with supply chain software provider Kaleris to enhance efficiency and automate yard processes through its N4 terminal operating system. COO Sergni Pessoa Rosa Jr. sa
KCCI slips 3.7% on falling Busan export rates According to Japan International Freight Forwarders Association (JIFFA), the Korea Ocean Business Corp. (KOBC) reported Monday that its KOBC Container Composite Index (KCCI) slipped 3.67% week-on-week to 1,993 points. The decline came as spot rates for container exports out of Busan continued to weaken on major lanes to Europe, the U.S., and Latin America's east coast. Rates to the U.S. West Coas
Anglo-Eastern upgrades Hadley Fleet with NexusWave Inmarsat Maritime, part of Viasat, has confirmed that Anglo-Eastern will roll out its NexusWave connectivity solution across the Hadley Shipping Group fleet under its management. Hadley Shipping, a long-time Inmarsat customer, will now move to the multi-orbit, fully managed NexusWave platform. The upgrade is designed to deliver faster speeds, stronger cybersecurity, and a scalable digital backbon
Trade Tech, TradeWaltz to digitize Japan-U.S. Trade Trade Tech Inc. and TradeWaltz Inc. have signed a Memorandum of Understanding (MoU) to advance the GRACE (Global Reliable Authorized Commerce Express) project. The partnership aims to digitize Authorized Economic Operator (AEO) trade processes and streamline supply chains between Japan and the United States. The AEO system certifies trusted operators who meet security and compliance standards, al
Meet ASTM Standards With the Top 9 Testing Machines ASTM International is a globally recognized standards organization with tens of thousands of members. These parties collaborate to combine science, engineering and sound judgment to improve material performance, manufacturing processes and industrial consistency. The organization publishes over 12,000 ASTM standards annually in a book exceeding 85 volumes. Becoming familiar with the relevant part
DHL Supply Chain appoints first CEO for Middle East & Africa DHL Supply Chain has named Orkun Saruhanoglu as its first Chief Executive Officer for the Middle East and Africa (MEA). The new role reflects the company's growing focus on the region. Saruhanoglu, a DHL veteran of 27 years, will report directly to Hendrik Venter, recently appointed CEO of DHL Supply Chain. He previously led DHL operations in Türkiye and Central & Eastern Europe, where he expande
Why Your Security Desk Is Slowing Down Port Operations Photo courtesy of Unsplash At a busy port, time isn't just money; it's momentum. Delays at the entry gate aren't just minor hiccups; they're operational risks. In busy ports, where every second counts, long wait times at the security desk create bottlenecks that ripple through the entire supply chain. Paper logbooks, manual data entry, and outdated systems stall the flow of people and vehicles an
Global container volumes grow in first half of 2025 Despite turbulent trade conditions, global container volumes recorded steady growth in the first half of 2025. According to provisional figures from Container Trades Statistics, worldwide full TEU volumes rose by 4.5% between January and June, reaching 93.5 million TEU. Intercontinental cargoes increased by 4.7% to 62.6 million TEU, while intra-regional volumes advanced by a slightly lower 3.3% t
Tanker hit in Russian drone strike on Izmail port A Panama-flagged chemical/oil products tanker has reportedly been severely damaged in Russian drone strike at the port of Izmail, Ukraine. The 7,842 dwt Excellion was moored at the eastern pier of the Izmail Oil Transshipment Complex during the early hours of August 20 when a series of UAV strikes were launched by Russian forces against ...
Neutralising the boxship orderbook would require scrapping every pre-2010 vessel The tremendous, record volume of container newbuildings due to enter the market in the coming years will require a huge swathe of the box fleet to be scrapped, something that is not happening at present. Splash's lead story yesterday carried data from Linerlytica suggesting the container orderbook had hit 10.4m teu, with the orderbook ratio ...
TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life. The South Korean yard confirmed this week it had secured contracts for six 174,000 cu m vessels worth around $1.5bn. While owners were not publicly disclosed, industry ...
SFL bags $225m in Maersk charter extensions John Fredriksen's SFL Corporation has locked in fresh revenue with Maersk, agreeing to five-year charter extensions for three 9,500 teu container ships, starting in 2026. The renewed deals will add around $225m to the company's contracted backlog. The vessels will remain with the Danish liner through to 2031, the New York-listed owner said in its ...
C Transport Maritime: Radziwill's take on tariffs and dry bulk Donald Trump's tariffs have had a surprising effect on the shipping's largest sector, argues one of the most famous names in dry bulk in today's Maritime CEO interview. "The shifts in global trades they caused have helped improve the dry bulk freight supply/demand picture mostly via increased tonne mile demand, which has raised spot and ...
Flex LNG firms up ship refinancings Flex LNG has signed a $175m sale and leaseback deal with an unnamed Asian-based lease provider for its LNG carrier Flex Resolute. The 2020-built 173,400 cu m vessel will be sold and then chartered back on a bareboat basis for around 10 years, with an age-adjusted repayment profile of roughly 21 years. The deal, expected ...
US to hold over 30 offshore oil and gas auctions through 2040 The Trump administration has unveiled a schedule to hold more than 30 offshore oil and gas lease sales over the next 15 years. The schedule includes 30 lease sales through 2040 in the Gulf of Mexico. The first sale in the Gulf is set for December 10, 2025. From next year, there will be two ...
Black pipes land in Europe as UK backs ship carbon capture trial Giant black pipes inserted into the funnels of ships to contain emissions will be seen in Europe for the first time, following UK government funding to get California-based STAX Engineering's carbon capture kit to British ports. STAX Engineering is working with UK-based onboard carbon capture specialist Seabound, Associated British Ports (ABP), and Lomar Shipping to ...
Hanwha Ocean and Hyundai E&C form offshore wind partnership Shipbuilding major Hanwha Ocean has teamed up with compatriot Hyundai Engineering & Construction to strengthen South Korea's offshore wind supply chain by partnering on EPC projects. The collaboration between the two companies will begin on the Shinan Ui offshore wind farm. Under a memorandum of understanding, Hanwha Ocean will oversee offshore installations while Hyundai E&C ...
OceanPact scores $582m worth of vessel deals with Petrobras Brazilian offshore vessel owner and services provider OceanPact has signed four new contracts with Petrobras, totalling approximately $582m (BRL 3.2bn). The contracts are for the chartering of the Parcel do Bandolim, Parcel das Timbebas, Parcel das Paredes, and Parcel dos Reis ROV support vessels (RSVs) over four years. The vessels will be employed in operations ...
Bocimar offloads newcastlemax trio to Asyad The standout deal in the capesize segment this week has come from CMB.TECH's dry bulk arm, Bocimar, which is in the process of offloading three newcastlemax bulk carriers. Brokers tell Splash that the Belgian owner has struck an agreement linking Asyad Shipping - the state-backed Omani giant formerly known as Oman Shipping - to the ...
Golden Ocean name consigned to history after CMB.TECH takeover One of the world's most famous names in shipping has disappeared following a shareholder vote yesterday in Bermuda. Golden Ocean Group, originally founded in 1978 by Fred Cheng before being sold under Chapter 11 protection to John Fredriksen's Frontline in 2000, has now been folded into Alexander Saverys-led CMB.TECH with its shares delisted in New ...
Do dual-fuel engines bring dual trouble or double opportunity? Philippos Ioulianou, managing director of EmissionLink, writes for Splash today. As the clock ticks down to FuelEU enforcement in January and the International Maritime Organization's 2050 net-zero target looms, dual-fuel engines have become the frontline tool for navigating tightening emissions rules. But there's a catch. Owning a dual-fuel engine doesn't mean you're ready to benefit ...
Still no final USTR rule less than two months before port fee deadline The USTR port fee plan has been heavily watered down, but it will be costly nonetheless. There is still no...
Zim warns of transpacific spot rate weakness through year-end US tariffs have led to market turbulence for ocean carriers like Zim. Liner companies are still posting profits amid falling...
Renewed sanctions on Iran mean legal minefield for marine insurers and shipowners No blanket ban on trading with Middle East country or insuring vessels, but expect additional hoops to jump through
Massive increase in calls at Syrian ports seen after sanctions lifted The number of cargo-carrying vessels calling at Syrian ports has risen by 338% since sanctions were lifted, although dark activity...
Why has the European bunker market been left to regulate itself? The Bunkering Services Initiative was launched by some of the biggest names in shipping last month in the Amsterdam, Rotterdam...
Silence greets US attack on IMO deal. But has it struck a chord? No one has jumped to say so, but the Trump administration's bid to derail the net zero agreement this October...
Vintage tankers dominate as 2025 S&P volumes slide Market remains dominated by older vessels, amid stricter sanctions on Russia and Iran that have increased demand for alternatives to...
CMB.Tech completes Golden Ocean merger Golden Ocean shareholders received a total of 95.9m CMB.Tech shares as a payment for the merger, as the bulker owner...
Odfjell unconcerned by spot rate reduction as it posts increased profit Seaborne chemical trade estimates forecast volumes will remain flat or increase slightly in the remainder of 2025, but stronger MR...
Charles Taylor adds to Asia-Pacific marine team Loss adjuster appoints Gordon Tennant as regional director for marine technical services in Asia
Marine insurers must take on modern slavery in maritime industries, IUMI warns Call comes ahead of trade association's annual conference in Singapore next month
The Daily View: In the eye of the beholder
TS Lines upsizes boxship order from 4,300 to 5,300 teu as profits surge Move is part of the carrier's fleet expansion, with strong profit forecasts driven by recent deliveries of larger vessels
Daily Briefing US ports: So far so good, but tariff fallout 'lag' is ending | Shadow LPG fleet continues swelling as sanctions...
MSC's legal woes escalate in India after late-May ship capsizing The incident has sparked a wave of claim filings from individual shippers and state authorities against the world's largest container carrier, resulting in arrest orders for as many as five sister ships thus far.
J.B. Hunt reduces peak season surcharge on Southern California moves Domestic intermodal volumes have been stagnant on partner BNSF Railway out of Los Angeles, likely dulling the justification for the original $1,500 fee.
Trans-Pacific spot market exposure drags down Zim's Q2 earnings With 70% of its volume moving under spot rates, there was no escape from the volatile US-China tariff battle.
US ports look to DOT to close big funding gap for project grants US ports want the federal government to increase the amount set aside for infrastructure grants in the DOT's next budget, saying ports are an integral part of the nation's road and rail network.
Sharp rise in Hamburg first-half volume driven by growth in Asian, Baltic trade New carrier services improved connections between Hamburg and the Mediterranean, Middle East, Asia and India, while hinterland traffic has continued to develop.
Blue Yonder's 'returns' tech acquisition highlights growing demand from retailers The focus on incorporating returns technology for retailers is driven by data showing that the cost for them to acquire new customers far exceeds the cost of retaining existing customers.
CMA CGM accelerates $232 million Syrian Med port expansion project The development of the war-damaged Latakia International Container Terminal, which handles 95% of Syria's containerized trade, is aimed at increasing the port's handling capacity to 1 million TEUs.
Samsung Electronics units seek to throw out Cosco's returned fire in US fee spat South Korean company seeks dismissal of complaint as Chinese liner operator alleges effort to get out of $4.2m in fees
Seaspan signs $1.2bn order for a dozen neo-panamaxes Company makes its third renminbi newbuilding deal with Chinese yards
This year hasn't been as bad as we thought, says Hapag boss CEO is bullish on outlook despite tariff pressure
Flex sees almost 9% of 'active' LNG carrier fleet as idling or laid up Interim CEO Marius Foss says new wave of LNG projects will absorb tonnage
Brazilian offshore vessel player scores $585m charter deals with Petrobras Deal is 'an important milestone'
Compliant tanker fleet shifts westwards as trade patterns evolve Sentosa Ship Brokers believes North and South America will continue to be a strong source of crude cargoes
Container ship orderbook-to-fleet ratio hits highest level in 15 years Fears of overcapacity grow as orderbook breaches 10m teu
Odfjell says zero new chemical tanker orders is 'most positive news' of second quarter Norwegian owner accounts for 14% of specialist fleet orderbook
ExxonMobil linked to charters on two LNG bunker vessel newbuildings US major believed to have fixed one ship each from two separate owners as it joins rivals in growing sector
Zim profit slashed amid 'challenging and unpredictable market dynamics' Carrier upgrades full-year earnings outlook as it remains mute on management buyout
Shadow fleet a 'ridiculously inefficient way' to run tanker shipping, says Odfjell boss Harald Fotland says he does not have a good answer as to what happens if Ukraine peace deal is struck
Meet the dark-fleet kingpin whose network stretches from shadow tankers to alleged arms trading Scion of well-connected Iranian family accused of running more than 100-ship fleet in Iranian and Russian trades
Torm's $857m refinancing deal unlocks dividend upside, Clarksons says Lower margins should lead to higher payouts, analysts believe
Scorpio Tankers LR2s fixed for five years Public product carrier giant takes book of period fixtures to nearly 20 tankers
S&P specialist leaves Affinity Speculation reignites on destination for noted sale-and-purchase broker
Russian drone attack 'disables' tanker in Ukrainian port Raid may be a response to sinking of Russian weapons ship
Maersk hires Anne-Sophie Zerlang Karlsen as new chief of staff New position created in the group for internal hire
John Fredriksen's Flex LNG pushes ahead with ship refinancings in 'rare' year for charter rates Company stock to delist from Oslo Stock Exchange on 15 September
Alexander Saverys hails 'transformation' as CMB.Tech and Golden Ocean unite to form a capital markets shipping giant Belgian boss says: "Decarbonise today to navigate tomorrow"
Flex LNG stock drops as Fearnleys highlights risk for contract extensions Analysts see downside risk for 2026 estimates
DOF Group reaping rewards from Maersk merger as dividends stack up Company makes good on dividend promise in June, with another set for September
Flex LNG stock falls as Fearnleys warns on contract extension risk Analysts see downside risk for 2026 estimates
Fresh blow for Braemar: Four deepsea tanker brokers quit Latest walkouts pose questions for one of the world's largest shipbrokers
Odfjell sheds final lease financing deals by buying two more tankers Norwegian owner acquires chemical carriers at below market value
John Fredriksen's Flex LNG pushes ahead with ship refinancings in 'rare' year for charter rates Company stock to deslist from Oslo Stock Exchange on 15 September
Flex LNG pushes ahead with ship refinancings in 'rare' year for charter rates Company stock to deslist from Oslo Stock Exchange on 15 September
Trader Gunvor piles in for crude tankers as Sinokor and Trafigura rejig VLCC fleet Activity picks up in term market, driven by requirements of Swiss giant's Clearlake Shipping operation
Christen Sveaas' Kistefos raises $63m in bond tap issue New bonds issued at 102% of par
Chinese leasing company puts modern kamsarmax bulker onto the auction block Recent online auctions of kamsarmax tonnage have brought in good results for sellers
Elderly Chinese bulker sells for knock-down price via online auction platform Owner Fujian Guohang Ocean Shipping is preparing to take delivery of 16 newbuildings
Cosco locks in container ship duo amid healthy demand for period deals Cosco Shipping Lines charters classic panamax while OOCL is tied to feeder vessel
Baltimore channel reopened at site where hatch cover blew off in bulker explosion Area included waters that were blocked by Francis Scott Key Bridge collapse
'Endless marriage': Adnoc L&S and chemical giant share vision for gas shipping joint venture Adnoc L&S and Wanhua Chemical say they intend for their rapidly growing joint venture to go from strength to strength
SFL shares plunge after dividend cut leads analyst to trim price target BTIG blames vessel redeliveries and soft drilling market for reduction in John Fredriksen-backed company's payout
Baltimore channel closed at site where hatch cover blew off in bulker explosion Area includes waters that were blocked by the Francis Scott Key Bridge collapse
Richard Smith nominated to FedEx board, opening succession path to CEO The son of the late FedEx founder has been nominated to the board of directors, in what could be an initial step in his succession to CEO.
Trump trade war on the trans-Pacific hits Zim Q2 profits ZIM Integrated Shipping Services Ltd. saw earnings sag as President Trump's trade war on China hit trans-Pacific container volumes.
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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