Hines Furlong Line takes delivery of M/V Sun Valley towboat Hines Furlong Line, Paducah, Ky., has expanded its inland river fleet with the recent delivery of the M/V Sun Valley, a 76-foot, 9-inch vessel built with a focus on durability, comfort, and
GLDD takes delivery of new TSHD Amelia Island from Conrad Houston-headquartered Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), reports that it has taken delivery of its newest Jones Act-compliant trailing suction hopper dredge (TSHD), the Amelia Island from Conrad Shipyard in
"K" Line Wind Service and SN Marine form capital alliance "K" Line Wind Service, Ltd. (KWS), a joint venture between Kawasaki Kisen Kaisha, Ltd. and Kawasaki Kinkai Kisen Kaisha, Ltd., has announced a capital alliance agreement with SN Marine Co., Ltd. (SN Marine) through a third-party allotment of shares involving SN Marine's shareholders, including Sugahara Kisen Co., Ltd. SN Marine is a leading operator in Japan's offshore wind sector, with significa
Sea-Intelligence: Port of LA gains market share in 2025-Q2 In issue 728, Sea-Intelligence analyses the performance of US ports during the sharp contraction of laden imports in 2025-Q2. Their analysis revealed that as the market turned, the major US West Coast gateways followed starkly different paths, with the Port of Los Angeles gaining a major 2.8 percentage points of West Coast market share, primarily at the expense of its neighbour, the Port of Long
BIMCO: Brazilian iron ore shipments rise 4% "Between January and August 2025, Brazilian iron ore shipments are expected to rise 4% y/y, supported by stronger mining activity. Shipments to China have increased despite weaker demand, replacing shipments from Australia, Peru and India," says Filipe Gouveia, Shipping Analysis Manager at BIMCO. Brazil is the world's second-largest exporter of iron ore, accounting for 23% of global shipments, wh
CMA CGM launches new Scandinavia service at Port of Gdansk The Port of Gdansk has welcomed a new weekly service from French carrier CMA CGM, further strengthening its role as a key logistics hub in the Baltic Sea. At the end of July, the Enforcer, a 134-meter, Dutch-flagged container ship with a capacity of 750 TEU, made the first call on the new Scandinavia West Coast Express (SWX) service at Baltic Hub. The vessel, built in 2003, inaugurated the rotati
Nearly all StarOcean's original newbuildings sold Almost all the dozen 1,800 TEU container ships that Chinese feeder operator Starocean Marine commissioned as newbuildings at Yangzijiang Shipbuilding during the COVID-19-fuelled boom have been sold. Brokers' reports show that the latest sale involved the H Mercury (since renamed Little Mermaid), was sold to Greek tonnage provider Minerva Marine for US$34.5 million, translating into a profit over
Bunker Indices extend modest decline Global bunker indices tracked by Marine Bunker Exchange (MABUX) continued their moderate downward trend. The 380 HSFO index fell by US$3.35, moving closer to the US$450 mark. The VLSFO index declined by US$3.33, down to US$538.41/MT. The MGO index also decreased, losing US$2.24, thus breaking below the US$750 threshold. "At the time of writing, the global bunker market showed no clear trend, with
NWSA YTD container volumes rise 3.5% The Northwest Seaport Alliance (NWSA) reported a 3.5% increase in year-to-date (YTD) container volumes through July. Total volumes reached 249,578 TEUs for the month, down 6% compared to July 2024, when Canadian labor disruptions had temporarily boosted traffic through the gateway. Full international imports in July rose 3.5% from June but fell 11.4% year over year. Exports showed stronger moment
Panama Cabinet approves FY2026 Canal Budget The Panama Canal's budget for fiscal year 2026 has been approved by the Cabinet Council, totaling B/.5.2072 billion. The plan covers the period from October 1, 2025, to September 30, 2026, and focuses on long-term investments, particularly water sustainability through the Río Indio Lake project. The FY2026 budget projects a direct contribution of B/.3.1938 billion to the National Treasury, up B/.
ABS Wavesight appoints Steve Bomgardner as CCO ABS Wavesight , the maritime Software-as-a-Service company affiliated with ABS, has appointed Captain Stephen (Steve) Bomgardner as its new Chief Customer Officer. Bomgardner brings more than two decades of maritime leadership experience, spanning operations, compliance, and environmental innovation. He most recently served as Vice President of Shipping & Offshore Solutions at Pole Star Global, w
SHEIN and Lufthansa Cargo partner on sustainable air freight Global retailer SHEIN has teamed up with Lufthansa Cargo to explore more sustainable air freight solutions. The two companies signed a Memorandum of Understanding (MoU) on August 19, confirming plans to scale up the use of sustainable aviation fuel (SAF) and other low-carbon initiatives. Under the agreement, SHEIN and Lufthansa Cargo aim to finalize concrete actions within the next six months. A
Maersk announces PSS to French Polynesia In order to continue providing reliable global services, Maersk has announced a revision of the Peak Season Surcharge (PSS) for cargo moving from World origins to French Polynesia. The adjustment will take effect 05 September 2025 for non-regulated countries and 23 September 2025 for regulated countries. The updated surcharge levels are as follows: Surcharge code Origin Destination Effective date
Patrick Terminals celebrates one year of electric trucks Patrick Terminals is celebrating the first anniversary of its battery-electric terminal trucks at Fremantle, an Australian first in the port sector's move towards decarbonisation. The fleet of nine electric trucks, supported by dedicated charging infrastructure, has been operating since 2023 as part of the company's broader decarbonisation strategy. The initiative was backed by US$2.5 million in
US, Saudi Arabia oppose IMO Net-Zero plan As Japan International Freight Forwarders Association (JIFFA) reported, the United States and Saudi Arabia have openly rejected the International Maritime Organization's (IMO) proposed Net-Zero Framework (NZF), set for discussion in October. Both countries argue the plan would drive up trade costs and overstep the IMO's legal authority. Washington labeled the framework a "global carbon tax on Ame
Global Container Port Growth: Strong Gains and Sharp Declines Introduction to Port Growth Trends Global container port growth 2024 showed mixed results, according to the latest DynaLiners Millionaires report. Total throughput rose 8% to 820.6 million TEU, but performance varied widely across regions. While ports like Djibouti, Qinzhou, and Dammam surged ahead with record gains, others such as Jeddah and Haifa faced sharp declines. We dive into the standout
Freightos: Transpac container rates fall to pre-Red Sea levels When the US lowered baseline tariffs on Chinese exports from 145% to 30% in May for a period of ninety days, transpacific ocean freight demand surged and container rates soared to more than US$6,000/FEU to the West Coast as shippers rushed to move goods that would make it to the US before the August expiration date. A recent Freightos poll of about eighty supply chain professionals found that abo
COSCO SHIPPING delivers 114 trucks to Dammam COSCO SHIPPING Europe has set a new record by transporting 114 trucks from Jingtang Port, China, to the Port of Dammam in Saudi Arabia. The project was managed by Tangshan Waidai, a subsidiary of COSCO SHIPPING Logistics Supply Chain. Source: COSCO SHIPPING Europe The trucks arrived from across the region, requiring close coordination between the logistics team and drivers to ensure timely delive
SOHAR Port and Freezone marks success of third Maseer edition Under the patronage of HE Abdullah bin Ali Al Balushi, Majlis Al Shura Representative for Wilayat Suhar, SOHAR Port and Freezone successfully concluded the third edition of Maseer - its summer initiative equipping more than 1,000 students from grades 5 to 11 with future-ready skills through hands-on training and innovative workshops. By hosting the program in both Suhar and Liwa, SOHAR reaffirmed
Unifeeder service reinstatement connecting Syria to the World Unifeeder is pleased to announce the reinstatement of its service between Egypt and Syria, starting this September. The reintroduction of this service marks an important milestone in facilitating cargo flows across the region. By reconnecting Syria with global trade routes, Unifeeder continues to strengthen its commitment to reliable connectivity, regional growth, and customer-focused solutions.
New leadership for Oceanbird Oceanbird, the wind propulsion technology joint venture between Alfa Laval and Wallenius, has appointed Amrit Kaur Bhullar as its new chief executive. She will take up the role on January 1 2026, as the company moves from early-stage development to full commercialisation. Bhullar, who grew up in London and has spent the last 15 years ...
Suezmaxes cash in on Kazakh export disruption Suezmax spot rates are surging as Kazakhstan runs into mounting difficulties with its oil exports, tightening the tonnage list across the Mediterranean and beyond. Kazakhstan has suspended flows via the Baku-Tbilisi-Ceyhan (BTC) pipeline after chloride-contaminated crude entered the system in late July, diverting volumes to the Caspian Pipeline Consortium's (CPC) terminal near Novorossiysk. The p
Lianson Fleet adds supramax as it expands beyond offshore Malaysia's Lianson Fleet Group (LFG) is broadening its presence in shipping with the acquisition of a 2012-built supramax bulk carrier, moving beyond its traditional offshore support vessel (OSV) base. The Bursa Malaysia-listed company, formerly known as Icon Offshore, announced that its unit Kangsar Corporation has agreed to purchase the Moana Baq from LT Princess Shipping ...
CMA CGM invests in US bio-LNG supplier French liner giant CMA CGM is making a strategic minority investment in US-based Vanguard Renewables through its energy fund PULSE, securing long-term access to volumes of renewable natural gas (RNG). Vanguard, which runs anaerobic digesters powered by farm and organic waste, will dedicate up to four projects to produce biomethane, or bio-LNG for the Marseille-headquartered ...
Murphy Oil picks Eneos Drilling jackup for drilling off Vietnam Japanese offshore contractor Eneos Drilling has won work for one of its jackup rigs in Vietnam. The company said that the Vietnamese subsidiary of US oil and gas player Murphy Oil hired the 2013-built Hakuryu 11 rig. The contract is for four wells with additional optional wells. The work scope is estimated to start in ...
DNV to support 400MW South Korean offshore wind farm Class society DNV has signed a two-year contract with South Korea's wind developer Kolon Global Corporation to provide owner's engineering services for the 400MW Wando Jangbogo offshore wind farm. With an estimated investment of KRW 2.6trn ($1.85bn), the Wando Jangbogo project stands among the largest offshore wind initiatives in South Korea to date. The project ...
DOF scores $165m SCV contract with Petrobras Norwegian offshore vessel owner DOF has secured additional work with Brazilian state-owned oil and gas giant Petrobras. A new contract was awarded to the 2009-built subsea construction vessel Skandi Salvador. It is contracted on a four-year charter with the Brazilian firm. The value of the contract is approximately $165m. The vessel will operate with two ...
MOL teams with Suzuki and TradeWaltz to drive India-Africa car trades Mitsui OSK Lines (MOL) has inked a memorandum of understanding (MoU) with Suzuki Motor Corporation and digital trade platform TradeWaltz aimed at strengthening the fast-growing automobile supply chain between India and Africa. The agreement, unveiled during TICAD 9 in Yokohama, will focus on two key areas: digitising documentation in vehicle trades and decarbonising transport links. ...
Brazilian giant hires AKOFS Offshore MPSV Subsea well construction and intervention services provider AKOFS Offshore has won a contract for one of its multipurpose service vessels (MPSV) with Brazilian state-owned giant Petrobras. The company's 2009-built vessel AKOFS Santos, previously known as the Skandi Santos, was selected for a four-year MPSV contract by which is expected to begin in the third quarter ...
HD Hyundai buys Doosan's Vietnam yard for $207m HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of HD Hyundai Group, has struck a deal to acquire Doosan Vina, the Vietnamese manufacturing unit of Doosan Enerbility, in a transaction worth 290bn won ($207.5m). The deal will see HD KSOE take full control of Doosan Vina's heavy industry facility in Quang Ngai ...
Shipping and mining powerhouses locked in for iron ore finale at Geneva Dry 2026 Panels are beginning to coalesce for next April's Geneva Dry, the world's premier commodities shipping conference. As in past editions, the two-day event will close with a very high level session on iron ore, the largest shipped dry bulk commodity, with the 2026 line-up for this well attended session looking genuinely stellar. Moderated once again ...
Dubai's CStar Line scales back A relatively new entrant to container shipping is scaling back. CStar Line, founded two years ago in Dubai, has focused on servicing Russian, Asian and Turkish ports. Container analytics firm eeSea is reporting the carrier is suspending one Asia - Europe and three Asia - Middle East services this month. The carrier continues participation in ...
US sanctions Greek national and 'shadow fleet' tankers in latest Iran crackdown The US announced fresh Iran sanctions on Thursday targeting a Greek national, eight tankers and two Chinese terminals. Meanwhile, the...
Dozens of sanctioned tankers fly Comoros flag despite government saying they were deregistered The Comorian government sent a letter in May warning port state control MoU regimes that 93 tankers it had deregistered...
Shadow fleet tankers experiment with stateless identification numbers Seven tankers have been tracked since June, all using the same unique and ultimately flagless identity
Greens defend IMO Net-Zero Framework amid US, Saudi bid to derail it The US has returned to the table at IMO in the hope of convincing countries to rip up the Net-Zero...
'Strong suspicion' EVs responsible for car carrier blazes, says American Club Loss prevention director breaks with previous consensus
Western Bulk falls to half-year loss There is some optimism for the second half of the year, but the operator remains cautious, as US trade tensions...
Brazil iron ore exports up in second quarter, but questions hang over Chinese demand Stronger than expected production from Vale in the second quarter means there is plenty of cargo for the capes, but...
Expansion of Syria's Lattakia port to accelerate with new agreement The agreement with French CMA CGM Group will accelerate the second phase of Lattakia port project to extend and update...
Funding secured for world's first port-based carbon capture system The project will integrate Seabound's carbon capture with STAX Engineering's emissions capture technology at the Port of Southampton
HD KSOE acquires Vietnamese industrial equipment manufacturer HD Hyundai is also seeking to extend the project period for HD Hyundai Vietnam Shipbuilding to 70 years with an...
Daily Briefing Silence greets US attack on IMO deal. But has it struck a chord? | Massive increase in traceable callings at...
Melvin steps down as SC Ports chief Barbara Melvin was on the job for almost four years, with the Leatherman terminal dispute and capacity expansions taking up much of her tenure.
Charleston's Leatherman terminal eyes second berth by late 2026 The announcement of Leatherman's expansion comes as MSC looks to bring in more trans-Atlantic services to call the terminal.
Tariff battle suppressing Chinese market for US soybean, meat exports US ag exporters say the ongoing trade standoff between Washington and Beijing has effectively shut them out of the key Chinese market, causing them to fear for their long-term survival.
Tariff-linked trade pattern shifts could offset impact of US port fees: OOIL The carrier said trans-Pacific services have been especially susceptible to the erosion of business and consumer confidence and the disruption to long-term planning caused by frequent shifts in US tariff policy.
Trans-Atlantic carriers limit capacity cuts despite ongoing rate weakness Just over 7,000 TEUs of capacity is scheduled to be withdrawn through blank sailings in September even as carriers increase their deployed capacity by 2%.
A sea of opportunities exists to swap transshipment for direct services With a global capacity surplus in the offing, or already biting, now is a great time to invest and move capacity off surplus trades, writes Jeremy Masters.
Tight Asia feeder capacity causing disruption for export, import shippers The difficulties have led to transshipment delays and rolled cargo, which has caused increased yard density at some ports that has exacerbated delays, shipping sources say.
US ups pressure on Chinese importers of Iranian oil with sanctions against terminal operators Move marks fourth package of sanctions against Chinese terminal operators that receive Iranian crude
Trump administration sanctions Greek shipbroker in 'maximum pressure' campaign against Iran Antonios Margaritis is accused of running a network of companies that haul Iranian oil
Ridgebury Tankers veteran Hew Crooks jumps to CEO role at private MT Maritime Crooks embraces 'steep learning curve' and looks forward to 'some pretty exciting things'
Ocean Yield raises $150m in bond play to refinance debt and 'facilitate growth' Four investment banks take part in fundraising move
Sanctioned Indian refiner turns to shadow fleet for tanker tonnage Data shows Nayara Energy using blacklisted ships to bring in Russian crude
Nimble Navios in the money after scrapping bareboat VLCC charters to sanctioned operator Angeliki Frangou says tankers are now operating in profitable spot market, but could be fixed out for longer terms
Jan Gisholt, the broker at the centre of container shipping's rise in the Caribbean, dies at 94 Pioneer of south Florida feeder ship broking remembered for intelligence and integrity
Cosco-owned container giant OOIL warns 'anything is possible' amid tariffs, trade disputes and US port fees New charges will have a large impact on group
John Fredriksen cuts stake in Avance Gas to 15% from 67% Tycoon offloading stock ahead of imminent delisting and liquidation
Navios Partners confirms $133m spree on tanker resales as new financing fixed Greek owner logs weaker profit for second quarter
The Sounion one year on: Disaster prevention a rare bright spot in sad story of Red Sea 'shooting gallery' When it mattered, the industry stepped up to prevent ecological catastrophe
LNG carrier investor CVC DIF sells out of terminals in 'difficult exit environment' Luxembourg private equity giant says significant amount of cash being returned to shareholders
John Fredriksen cuts stake in Avance Gas to 20% from 67% Tycoon offloading stock ahead of imminent delisting and liquidation
Grounded Greek cargo ship sinks off Crete MN Kostas began taking on water nearly a month ago near Kyriamadi
George Economou lawsuit questions Marshall Islands' future as incorporation stronghold Tycoon's fight with Seanergy Maritime continues on legal and public-relations fronts
Geopolitical risk has made shipping think short-term, says Swire Bulk chief Peter Norborg has never seen so much disruption in the market
Lianson furthers dry cargo ambitions with supramax buy as Hong Kong owner exits bulkers Malaysian group continuing to diversify from offshore shipping
DOF seals Brazilian charter at $113,000 per day as bosses bank stock options Norwegian owner pushes up rate for Petrobras work in latest in series of charters
Fearnleys quotes the Dalai Lama in chastising charterers for off-the-books fixing Lack of transparency is playing a part in tanker market movements
Hamburg Commercial Bank shipping loan book shrinks after high repayments by owners Global transportation assets dropped to $3.7bn
K Line swoops to buy offshore fleet from Japanese shipowner Deal done with shareholders including Sugahara Kisen to 'integrate' SN Marine
Awilco LNG vessel set for redelivery as charterer ducks two-year option Company to look at commodity trading as it tumbles to a second quarter loss in 'challenging' spot market
Salvaging Sounion: How the Red Sea was saved from an oil spill disaster to dwarf Exxon Valdez One year ago today, the world got lucky. TradeWinds explores how salvors beat the odds while staring down the barrel of Houthi rebels
John Fredriksen cuts stake in Avance Gas to 25% from 67% Tycoon offloading stock ahead of imminent delisting and liquidation
Metrostar's Nick Wright dies aged 87 after a long shipping career Knowledgeable, hard-working, straight-talker found his niche building out Greek owner's tanker fleet
'Fully valued' Odfjell downgraded as Fearnleys sees increasing swing tonnage DNB Carnegie keeps 'buy' recommendation
KCC fixes $180m of newbuilding finance as US port fee uncertainty looms Combination carriers may alter trading patterns if potential US exemptions do not apply
Grounded Greek cargo ship sinks off Crete MN Kostas began taking on water nearly a month ago near Kyriamadi
Norden hires new head of tanker operations Matias Wurtz Andersen worked for BW Group and Dee4 Capital Partners
Mitsui OSK aims to tap India's growing dominance in the African car market Japanese giant signs cooperation agreement with auto maker and tech firm
Hong Kong bulker owner goes into the red on slumping supramax rates Courage Investment diversifies into coal trading
Anemoi expands China production as it waits for big push on wind propulsion orders Chief executive Clare Urmston believes orders will come once IMO greenhouse rules finalised
China holds top spot as buyer in S&P market as Greek shipowners profit from high prices Overall S&P activity for bulkers and tankers have slumped in 2025 on costs, sanctions and tariffs
FedEx sends specialists to streamline European operations FedEx is targeting its European operation in the next round of cost cuts. Combining U.S. ground and Express networks requires careful balancing to maintain customer service.
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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