Modernizing ferry terminals focus of panel at FERRIES 2025 Marine Log's 38th annual FERRIES Conference, set for November 4-5, 2025, in the New York City area, will feature a session exploring how ferry operators and engineers are modernizing terminal infrastructure to
USCG's Operation River Wall surges assets to Rio Grande The U.S. Coast Guard today reported the deployment of additional forces to the Rio Grande River in eastern Texas, starting on October 9, 2025, to ensure operational control of the border where
New Abu Dhabi ferry duo Jazirat Dalma and Al Dhanna enter service Two new aluminum high-speed RoPax ferries, Jazirat Dalma and Al Dhannah. designed by Incat Crowther for Abu Dhabi's Integrated Transport Center (ITC) have successfully completed sea trials and are now operating on
Stena RoRo signs LOI for up to six of its new C-Flexers Stena RoRo AB has signed a Letter of Intent with the China Merchant Industries Weihai shipyard for two C-Flexer RO/RO cargo ships with a capacity of 3,000-4,700 lane meters. The LOI includes
Brunvoll to power North Star's two new CSOVs Brunvoll has entered into an agreement with VARD for the delivery of complete propulsion and maneuvering systems for two Commissioning Service Operation Vessels (CSOVs). The owner of these new vessels is North
RWE, ARC Marine deploy environmental innovation at Rampion Offshore Wind Farm Offshore wind specialist RWE and UK-based ARC Marine-who designs, manufactures, installs, and monitors nature-inclusive systems-have achieved a global first at Rampion Offshore Wind Farm with the installation of specially eco-engineered Reef cubes as undersea
HD Hyundai Vice Chairman Chung Kisun promoted to chairman Seoul, South Korea-based HD Hyundai announced that Executive Vice Chairman Chung Kisun has been promoted to chairman in its latest executive appointments. Chung holds a bachelor's degree in Economics from Yonsei University
NorthStandard names Michael Hustler its new head of Asia Pacific The NorthStandard P&I club has named Michael Hustler its new head of Asia Pacific in a move that reinforces its focus on growth, service expansion and diversification in the region. Hustler comes
Viking and Johnson Controls in marine fire service partnership Viking Life Saving Equipment has entered into a global marine fire service partnership with Johnson Controls. The Marine and Navy division of Johnson Controls International is an international manufacturer of firefighting systems
Bollinger lays keels of future USNS Lenni Lenape (T-ATS 9) Joined by senior U.S. Navy officials and more than 20 officials from the Lenape Nation at Bollinger Houma, Bollinger Shipyards officially laid the keel for the future USNS Lenni Lenape on October
Stena RoRo signs LOI for new C-Flexer RoRo cargo ships Stena RoRo AB has signed a Letter of Intent (LOI) with China Merchants Industry Weihai for the construction of two C-Flexer RoRo cargo ships, with options for up to four additional vessels. Each ship will offer a capacity of 3,000 to 4,700 lane meters, marking a strategic investment in a segment that has seen limited newbuilding activity in recent years. The C-Flexer design builds on Stena's succ
NorthStandard names Michael Hustler Head of Asia Pacific NorthStandard has appointed Michael Hustler as its new Head of Asia Pacific, reinforcing the global marine insurer's commitment to growth, service expansion, and diversification in the region. Firstly, Mr Hustler officially assumes the role on 27 October 2025, succeeding David Roberts, who will leave NorthStandard in February 2026. Also, he brings 16 years of claims and underwriting experience wi
COSCO SHIPPING opens Sakania Bonded Warehouse in Zambia COSCO SHIPPING Europe, in partnership with Tera Fleet Management DMCC (TFD), has officially launched the Sakania Inland Bonded Warehouse at the Sakania border hub in Zambia. The new facility integrates customs supervision and bonded storage, enabling 15% faster export cycles and reducing import costs by 20%. Strategically located at the Zambia-DRC border, the site will enhance logistics efficienc
Chinese operators seek share of South Korea-China container route Encouraged by rising trade between China and South Korea, Chinese liner operators are adding more services to South Korea. This is causing tension with South Korean ro-ro passenger ship (also known as car ferries) operators that also carry containers to China. On 16 October, Shandong Marine, the feeder operating subsidiary of China's Shandong Profit Group, began a weekly service between South Kor
VIKING named global service partner for Johnson Controls marine systems VIKING Life-Saving Equipment and Johnson Controls International (JCI) have entered into a global marine fire service partnership to strengthen safety and service support for the maritime and offshore industries. Under the agreement, VIKING has been appointed as the globally approved, trained, and certified service provider for all firefighting systems and equipment delivered and installed by John
Harsh reality forces Suez Canal Zone to pivot toward IMEC Egypt is positioning itself to join the India-Middle East Economic Corridor (IMEC) through a calculated diplomatic and economic strategy that ties regional stability to corridor implementation while leveraging its strategic location between competing trade initiatives
International Cargo Handling Association (ICHCA) announced new Chair The International Cargo Handling Association (ICHCA) has announced the election of Scott McKay as its new Chair, effective 30 September 2025. ICHCA represents members from ports, terminals, shipping, and cargo handling sectors worldwide. The association remains dedicated to improving safety standards for all those working across the global maritime supply chain. McKay brings nearly 40 years of ex
Chapman Freeborn appoints Saska Gerasimova as new Group CEO Chapman Freeborn, a leading global air charter specialist, has appointed Saska Gerasimova as its new Group CEO, effective October 20. She succeeds Eric Erbacher, who transitions to a new role as Chair of the Chapman Freeborn Holdings Board of Directors. This leadership change marks a transformative milestone for Chapman Freeborn, underscoring the company's commitment to strategic renewal, custome
Egyptian President meets Maersk leadership President Abdel Fattah El-Sisi met with Robert Mærsk Uggla, Chairman of the Board of Directors of the A.P. Møller-Mærsk Group, to discuss expanding cooperation between Egypt and Maersk in maritime transport, logistics, and green fuel initiatives. The meeting was attended by Prime Minister Dr. Moustafa Madbouly, Adm. Ossama Rabiee, Chairman of the Suez Canal Authority (SCA), and Hany El Nady, Chie
IMO defers adoption of Net-Zero Framework to 2026 The International Maritime Organization (IMO) has decided to adjourn the extraordinary session of the Marine Environment Protection Committee (MEPC), held from 14-17 October 2025, which had been convened to consider adopting draft amendments to MARPOL Annex VI - including the much-debated IMO Net-Zero Framework. The session will reconvene in 12 months, allowing Member States additional time to wo
Q3 2025 Shipping Market Analysis The following report, was conducted by Dr. Michael Tsatsaronis, Assistant Professor at the Department of Port Management and Shipping, National and Kapodistrian University of Athens. The research team includes undergraduate and postgraduate students, as well as doctoral candidates from the department. This report provides a detailed examination of recent trends and developments in the shipping m
Indian Register of Shipping launches ship drift trajectory prediction service The Indian Register of Shipping (IRS) has launched its new Ship Drift Trajectory Prediction Service, an advanced digital tool designed to enhance maritime risk management and emergency response for disabled vessels. Developed in collaboration with the Indian Institute of Technology Bombay (IIT Bombay), the system predicts the drift paths of ships that have lost propulsion. This capability allows
Waberer's opens new logistics center in Zohor Waberer's Group has strengthened its regional presence with the opening of a new 20,000m² logistics facility in Zohor, Slovakia, marking a major step in its strategy to become the leading integrated logistics provider in Central and Eastern Europe. Building on decades of experience in Hungary, where Waberer's has delivered complex, value-added logistics solutions to major industrial players, the
Wärtsilä to build high-capacity biogas upgrading plant in Denmark Wärtsilä Gas Solutions, part of Wärtsilä Group, will deliver a new biogas upgrading plant to Danish renewable energy company Bigadan AS. The project will boost Denmark's green transition and expand the country's renewable energy capacity. The PuregasCA plant will upgrade 6,000 Nm³ of raw biogas per hour. It will convert biogas into renewable biomethane for injection into the Danish national gas g
Container traffic at Valenciaport remains steady in September Container traffic at Valenciaport remained steady in September with 466,789 TEUs, 4.5% less than the same month last year. However, examining port activity for the first nine months of the year, Valenciaport handled 4,287,037 containers (3.6% more), and broadening the view to the last twelve months a year-on-year perspective the number of units handled rises to 5.6 million TEUs, 5.2% more. The St
Oman gets a strategic positioning through green hydrogen corridor Oman's green hydrogen maritime corridor initiative represents a transformative convergence of energy transition imperatives and strategic geographical advantages. The Duqm-Amsterdam corridor, formalized through bilateral agreements with the Netherlands and Belgium, positions the Sultanate at the nexus of global decarbonization efforts while capitalizing on evolving maritime trade patterns. The in
KKR launches $500m container leasing venture US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move into asset-based maritime investments. The new venture, Galaxy Container Solutions, will be owned by KKR-managed credit funds and accounts under its Asset-Based Finance strategy. Galaxy will provide container leasing and ...
Great Eastern offloads veteran tanker in ongoing fleet refresh India's Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship's market value at about $10.9m. The company acquired the vessel in July ...
CMB.TECH continues fleet renewal with fresh sales Belgium's CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal, which follows the disposal of three VLCCs ...
2020 Bulkers banks $72m as fleet sell-off rolls on Oslo-listed 2020 Bulkers has extended its fleet sell-off with the disposal of another newcastlemax bulker. The Norwegian owner, set up by Tor Olav Trøim, said it has agreed to sell the 2020-built 208,000 dwt Bulk Sao Paulo for $72.75m to an undisclosed buyer. The company will retain the vessel's operating cashflows until the transaction closes, ...
Huayuan Star orders methanol-ready kamsarmax brace China's Huayuan Star Shipping has turned to the newbuilding market to expand its fleet with an order for two kamsarmax bulk carriers at compatriot yard Jiangsu Haitong Offshore Engineering Equipment. A signing ceremony was recently held in Shanghai to formalise the deal. The 85,000 dwt vessels are scheduled for delivery in the second and fourth ...
Trøim's Bruton doubles down on VLCC newbuilds Tor Olav Trøim is deepening his comeback in the tanker sector, with Oslo-listed Bruton revealing a fresh deal that could double its VLCC newbuilding programme at China's New Times Shipbuilding. The company announced a letter of intent for two firm scrubber-fitted VLCCs, plus options for two more of the same design, through affiliate Andes Tankers ...
Doun Kisen returns to boxship newbuilds with order in South Korea Japan's Doun Kisen has made a return to the containership newbuilding market, placing an order for two 8,800 teu units at South Korea's DH Shipbuilding. The deal, valued at around $233m in total and linked by multiple broking outfits to the Imabari-based diversified shipowner, marks one of the few mid-size boxship orders to be placed ...
IMO fracture deepens global climate fault lines in shipping Shipping historians covering the International Maritime Organisation (IMO) would need to go back more than 40 years to a comparable setback to what played out on Friday and the downing of the Net-Zero Framework (NZF). Friday saw member states vote for a one-year delay in the NZF, throwing shipping's path towards decarbonisation into considerable doubt. ...
Explosion sets LPG carrier on fire off Yemen A Cameroon-flagged LPG carrier caught fire in the Gulf of Aden on Saturday following an onboard explosion, leaving two Indian seafarers missing and prompting an international rescue effort. The 1994-built 35,100 cu m Falcon, operated by India's Tanker Expert Ship Management, was sailing west about 60 nautical miles south of Ahwar, Yemen, when it reported ...
Iberdrola seeks partner for 49% stake in $5.8bn UK offhsore wind farm Spanish electric utility company Iberdrola is searching for a partner to sell a 49% stake in the East Anglia Two offshore wind farm in the UK. The utility has hired Bank of America and BBVA as its financial advisors for the proposed sale. The industry values the North Sea wind farm at around €5bn ($5.83bn). ...
TGS secures new Gulf of Mexico OBN survey contract Oslo-listed seismic data specialist TGS has won an OBN acquisition contract in the Gulf of Mexico. The 4D monitor survey is scheduled to commence in the fourth quarter of 2025, and the acquisition duration is approximately four and a half months. The contract was not included in the booked position disclosed in TGS' second quarter ...
Europe prepares to board Russia's shadow fleet The European Union is preparing its most aggressive move yet against Russia's shadow tanker fleet, with plans to give member states the power to board and inspect vessels suspected of breaching sanctions or threatening maritime safety. A draft declaration from the European External Action Service (EEAS), seen by Politico and Reuters, proposes "pre-authorised boardings" in ...
Sanctions force termination of Vantage Drilling's drillship deal Offshore drilling contractor Vantage Drilling has been informed that a contract for the 2010-built drillship Platinum Explorer was terminated. The termination is due to changes in economic sanctions applicable to the campaign, rendering the contract execution unlawful and therefore subject to termination. The company was initially given a conditional letter of award on April 23. ...
ClarkSea Index surges past $30,000 as port fees ripple through markets The disruption brought about by last Tuesday's start of tit-for-tat extra port fees levied by the US and China has propelled shipping earnings to very high levels. The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, rose above $30,000 a day on Friday for ...
Primebulk trims fleet Greek owner Primebulk Shipmanagement is closing in on a tidy profit, clearing out an elderly capesize vessel in a firming market. Brokers note that the Paul Coronis-led company is selling the 178,100 dwt Cape Aqua (built 2009), a ship it acquired for $18.9m in 2017. The scrubber-fitted vessel, built at Shanghai Waigaoqiao Shipbuilding, was noted ...
Brave Maritime adds trio of Japanese handies Harry Vafias' private bulker arm, Brave Maritime, has snapped up three Japanese-built handysize bulkers from Dubai-based MUR Shipping, broking sources report. The Namura-built 34,000 dwt trio, named African Heron, African Goshawk, and African Merli, were sold en bloc for just under $53m, according to multiple brokers. The deal lifts the Athens-based owner's handysize fleet to ...
Two missing crew confirmed dead in Gulf of Aden LPG carrier fire Two seafarers previously reported missing following the blaze on LPG carrier Falcon in the Gulf of Aden on Saturday have...
Carbon tax collapse alters equation for newbuild orders and older tonnage Shipowners have long feared ordering new ships that will be taxed for future fuel use. The NZF setback makes conventionally...
Confusion and disappointment after MEPC collapse Industry groups say the one-year delay to the IMO carbon price vote will mean more uncertainty for shipowners. Green groups...
Stena confirms new generation of ro-ro cargoships at Chinese shipyard Swedish shipowner confirms letter of intent for a potential six ro-ro cargoships to new design
Four dead after supply vessel capsized alongside Scorpio-managed tanker Search for the missing people is ongoing and the company said that a full-scale investigation will be conducted
Underwriting performance is biggest headache for P&I clubs, Marsh survey finds Marine mutuals gearing up for 2026 renewal round
The week in charts: USTR's port fee to cost vehicle carriers up to $1.6m per visit | India's Russian shadow fleet conundrum | Ukraine reroutes LPG carriers through Danube Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The week in newbuildings: milestone order for India-built boxships among 43 newbuilds this week Investment in new ships remains strong, in particular in the feeder containership sector
HD Hyundai returns to owner-driven leadership ahead of merged entity's debut The management reshuffle was carried out earlier than usual in order to minimise organisational issues and maximise the expected synergies...
Seaspan shifts from Hong Kong but courts Beijing as port fee tensions escalate Chen cautions that while disruption can fuel gains in shipping, too much turbulence can sink them. 'The rougher the seas...
Neptune Lines launches vehicle service in Latin America Greek operator begins service between vehicle logistics hubs in Argentina and Brazil
ITF Staff Union calls for restructuring pause amid allegations Union said the report follows 'years of unsuccessful efforts' to get the ITF to address 'serious concerns regarding sexism and...
Fujian Highton Development eyes aggressive fleet expansion Despite weaker earnings, the owner sees global commodity growth and China's coastal market recovery to drive future shipping demand
Munich Re Specialty launches US inland marine product Product provides $50m of cover for builders' risk, contractors' equipment, motor truck cargo and property floaters
The Daily View: It's not dead, it's just resting
Daily Briefing The IMO and the law of the jungle | IMO to delay Net-Zero Framework vote for one year | India's...
Maersk considering investment in Panama's new terminals The ocean carrier and logistics provider has big investments in Panama already but may lack dedicated berth space for ships if MSC swoops in on two big container terminals there.
AI agents proliferate in logistics despite skepticism Companies large and small - from C.H. Robinson to ShipAngel - are unveiling new suites of AI agents to augment their customers' capacities and help them organize unstructured data.
Cargo surge congests Colombo as some carriers avoid The top ocean carriers serving Colombo have kept their calls intact while others are skipping calls.
China air freight demand, rates surge on new 100% US tariff But freighter operators were prepared for the frontloading, and no capacity shortages are being reported on China-US routes, according to Tiaca.
Diana Shipping chief executive keeping 'options available' with Genco investment Chief executive says stake in New York-based peer could give it a seat at the discussion table
Scorpio's Cameron Mackey becomes latest director to step down from a US-listed shipowner Company silent on what appears to be the latest shipping casualty in US-China trade war
Greek owner PrimeBulk cashes in on rising capesize values with sale to China Sixteen-year-old bulker proves a worthwhile investment for low-key Athens player
Ship engine designers and fuelling bodies reflect on 'showstopper' IMO vote Deep disappointment, fear of uncertainty and resolve on how to use coming year
Green lobby calls for ban on 'harmful' biofuels in future net-zero plans Organisations hit out at effects of oil palm and soy-based products
EBE returns to big bulk carriers with purchase of 2020 Bulkers newcastlemax Belgian owner acquires first non-Japanese ship
Sinokor finishes cashing in on former Ridgebury Tankers VLCCs in latest sale Vintage quartet was acquired in 2022
Shipping's $10bn question: What next for global orderbook after collapse of net-zero framework? Analyst questions how the green shipping setback will change the newbuilding landscape
Offshore giant Tidewater cut to hold as DNB sees 'challenging environment' to last into 2026 Oil companies to put pressure on day rates and utilisation, banks says
US private equity giant KKR launches $500m maritime fund for containers Shipping investor aims to lease boxes to lines as part of its asset-based strategy
Alberta Shipmanagement breaks into boxships with newbuilding order in China Yet another Greek owner jumps on the feeder ship bandwagon
EU moves to confirm phase out plans for Russian gas and LNG by end of 2027 Short-term contracts must end in mid-June 2026 under new regulations Indian owner ushers second oldest product carrier to the exit door
Transport union launches 'urgent' probe after general secretary denies running 'patriarchal boys' club' General secretary formally denies accusations by female employees at emergency meeting in Brazil
Shipowners face radical rethink after collapse of historic green deal Countries mull introducing own money-raising schemes as IMO plan kicked down the road
Europe must follow global superpowers in supporting shipbuilding, says Norway's Ulstein CEO Gunvor Ulstein sees uncertainty weighing on shipowners
VLCC deal talk highlights strong support for older tanker asset values Owner of former C Vision tipped to have secured firm price for 2004-built ship
Owners of older ships win the day: IMO delay a 'missed opportunity' for newbuild investment, Clarksons says Analysts believe adoption of carbon tax is now less likely after decision to push vote to next year
Crestfallen shipowners vow to continue climate fight after Trump torpedoed historic IMO vote Leading forces in shipping's climate fight speak out against defeat of net-zero framework
Kisun Chung strides into top job as HD Hyundai chairman Group founder's grandson has driven technology change and US partnerships in shipbuilding
Insurers hit by rising crew costs as Red Sea crisis takes its toll Abandonments, attacks and stressful voyages all contribute to the swelling bill, says broker Atlantic
Four killed after crew boat capsized alongside Scorpio-managed tanker Another five remain missing after accident off Mozambique
'Great news': Greek shipowners welcome IMO delay as they eye chance to rewrite net-zero deal Hellenic bet on conventionally fuelled vessels pays off as decarbonisation can is kicked down the road
EU pushing for new powers to board Russia's shadow fleet tankers Diplomats want to reinforce International Law of the Sea framework for ship inspections
Seaspan container ship retrofits to top 600 projects as it strives to cut emissions Massive tonnage provider started its programme in 2013
CMB.Tech sells VLCC and capesize bulker as it brings in banks for bond issue Company is also taking delivery of multiple newbuildings
Chinese shipbuilder Hengli pumps in $370m to boost capacity Facility includes steel structure workshops
Wavelength podcast: Kicking the can down the road as IMO opts to delay carbon talks for a year Plus, the opportunities for Africa and others to collect carbon cash, and shipping's response to tit-for-tat tariffs
Tor Olav Troim's Bruton orders up to four more VLCCs as it launches $100m fundraiser Oslo-listed operation potentially doubling fleet in deal with New Times Shipbuilding
HD Hyundai yard inks VLCC newbuildings worth close to $256m South Korea's HMM is said to be behind the order
2020 Bulkers fleet sale extends with latest $72m newcastlemax disposal Company set up by Tor Olav Troim now down to its last two vessels
Cargo jet crash off Hong Kong airport sparks massive marine rescue Two ground crew killed in first such incident in 32 years
Dark fleet LNG carriers line up to transship Russian cargo off Malaysia Former TMS Cardiff Gas vessel pops up as receiving LNG carrier for volumes from sanctioned plant
Emirates-leased cargo jet skids off Hong Kong runway, killing 2 in vehicle Two people are dead after a 747 jumbo jet freighter ran off the runway in Hong Kong and struck a security vehicle on the ground.
Deadlines in doubt for LA-Long Beach zero-emissions port drayage Despite progress, the port of Los Angeles-Long Beach said hurdles remain to achieving their goal of zero-emissions drayage by 2035.
Longshore unions to meet for global anti-automation summit Dockworker unions in the U.S. and Europe are calling on labor to meet for a global anti-automation summit in November.
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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