Innovative liquid hydrogen tank tech gets ABS AIP In a development that validates large-scale liquid hydrogen tank technology for shipping, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received approval in principle (AIP) from ABS for a tank design
TTB 2025: Barge innovations as key components of U.S. supply chains As a new administration takes shape in Washington, D.C., the maritime industry, including the barge sector, could face significant shifts that will shape its future. Marine Log's TTB 2025, set for March
Houthis release crew of hijacked car carrier Galaxy Leader Yemen's Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized the vessel off the coast of Yemen, Al Arabiya reports the Houthi-controlled Al Masirah
USCG Commandant Linda Fagan relieved of duties The first woman to lead the U.S. Coast Guard, Admiral Linda L. Fagan, has been relieved of her duties as Commandant. Members of the service learned of the change in the following
MOL acquires majority stake in Gearbulk Mitsui O.S.K. Lines (MOL) announced that, following regulatory approval under competition law, it acquired a 72% stake in Gearbulk Holding AG on 20 January 2025. This acquisition transitions Gearbulk from an equity-method affiliate to a consolidated subsidiary. Gearbulk, a company in the transportation of semi-finished products such as pulp, has a strong history of growth. MOL and Gearbulk have m
Euroseas sells feeder boxship Greek owner and operator of container vessels Euroseas announced the sale of the boxship Diamantis P, through its wholly owned subsidiary Euroholdings. The vessel Diamantis P, a feeder ship with a capacity of 2,008 TEUs, built in 1998, was sold for approximately US$13.15 million. The vessel was delivered to an unaffiliated third party on 15 January 2025. Aristides Pittas, Chairman and CEO of Euro
Shippers target contract innovations as ZIM isolated by Suez revival Yemen's Houthis announced the end of their Red Sea blockade all except Israeli shipping, ZIM isolated, as shippers call for contract innovation to meet the new situation in the region.
QUAD Alliance reactivation to shape dynamics in Indian Ocean The recent geopolitical developments highlighted by the first quadrilateral defense meeting hosted by the new US Secretary of State and the unveiling of Iran's underground naval missile base introduce significant variables that could influence maritime security and trade dynamics, particularly in the Indian Ocean region.
ICTSI's Onne Multipurpose Terminal enhances operations with equipment investment Nigeria's Onne Multipurpose Terminal (OMT), operated by International Container Terminal Services, Inc. (ICTSI), has introduced two new mobile harbour cranes (MHC) and a container freight station (CFS) to enhance its operations. The newly acquired cranes, valued at over US$25 million, will boost OMT's container handling capacity, reduce vessel turnaround times, and optimize overall cargo operatio
CMA CGM raises rates for Northern Europe and Mediterranean shipments French ocean carrier CMA CGM has announced increases in its rates for shipments to Northern Europe and the Mediterranean. The company has announced the implementation of a Peak Season Surcharge, effective from 1 February 2025, for shipments from the South America West Coast to North Europe, including Scandinavia, Poland, and the Baltic region. For shipments originating from Ecuador and Colombia,
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COSCO posts largest growth in scrubber-fitted boxships COSCO Shipping Lines registered the largest increase in scrubber installations among liner operators in 2024, adding 417,827 TEUs of ships fitted with exhaust gas cleaning systems, according to Alphaliner.
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Container sector bullish after stellar 2024, but downside risks could prompt 2025 slowdown The time charter (TC) rates for post-panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting US$73,330/day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions, according to Veson Nautical's 2024 End- Of-Year-Report. The report states that the bullish market conditions for the container sector are reflected in the TC rates as well as the 76% y-o-y in
Lithuania launches green hydrogen and electricity-powered ship Lithuania has launched its first green hydrogen and electricity-powered vessel, commissioned by the Klaipeda State Seaport Authority. Designed with zero environmental impact, the ship will collect waste from other vessels entering the port. Algis Latakas, Director General of Klaipeda State Seaport Authority, stated: "We have not only launched a tanker, but also a new approach to port operations -
NWSA handles over 3.3 million TEUs in 2024 The North West Seaport Alliance (NWSA), a partnership between the ports of Tacoma and Seattle, reported total container volumes of 304,748 TEUs in December, representing a 16% increase from the same month in 2023. NWSA noted that it achieved a significant 20% growth in total international container volumes in the last month of the year. For the whole of 2024, NWSA's box throughput rose 12.3% year
LHG and partners complete heavy cargo project in Germany On 20 January, Lübecker Hafen-Gesellschaft (LHG), in collaboration with heavy cargo specialists Thömen Spedition from Hamburg and Baumann Move from Bornheim, successfully unloaded and transported two transformers weighing a combined total of 572 tonnes. Measuring approximately 12 meters in length and 3.5 meters in width, these transformers were transported to Stockelsdorf, Schleswig-Holstein, Ger
Maersk suspends Transpacific service in light of Gemini's network launch Maersk has announced the suspension of the TPX service, once the Gemini Cooperation's "Network of the Future" takes effect in February. Maersk's TPX service covers North and East China, as well as North East Asia, to Pacific North West, including Alaska. "With the introduction of the Network of the Future, we will wind down the service in the coming weeks and continue to connect the concerned are
Disruptions Meet Progress in Suez Canal Despite the Houthis' recent commitment to cease attacks on non-Israeli commercial ships following the ceasefire agreement between Israel and Hamas on 19 January, shipping analysts from Drewry do not believe there will not be a quick return to normal operations through the Suez Canal. The maritime industry remains entangled in a complex situation, with the fragile state of the Gaza ceasefire and t
Maritime efficiency becomes crucial amid new IMO environmental regulations A new publication from the Maritime Emissions Reduction Centre (MERC) emphasizes the need for efficiency measures to be implemented across
Asyad Shipping charts Oman IPO course Oman's state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20% in Asyad Shipping and float it on the ...
New Dayang lands product tanker debut Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as "world-renowned shipowners". Delivery details and financial terms have not been ...
Prima Marine in for six product tanker newbuilds Thai owner Prima Marine has placed an order for six small product tanker newbuilds at China's Ningbo Zhenhe Shipyard. The deal with an undisclosed value covers 73-m-long 2,499 dwt vessels based on FKAB design and tailor-developed for easy and efficient operation in Thailand's coast and rivers. Delivery details have not been divulged. The newbuilds will ...
Houthis release Galaxy Leader crew after 430 days in captivity After 14 months and three days in captivity, the crew of the Galaxy Leader car carrier was released on Wednesday. The vessel's crew, made up of 25 nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, was captured on November 19, 2023, when armed Houthis stormed the ship via helicopter. This started the Red Sea shipping ...
Aker Solutions forms partnership for work on Vår Energi assets Norway's Aker Solutions has entered a strategic partnership agreement to deliver maintenance and modification services on Vår Energi-operated assets on the Norwegian Continental Shelf. The partnership, which also includes Honeywell and StS-ISONOR, will work under a five-year deal with the option to be extended up to 11 years. Vår Energi's operations span the entire Norwegian ...
Integrated Wind Solutions secures one year extension for CSOV Commissioning service operation vessel (CSOV) owner Integrated Wind Solutions (IWS) has secured an extension of the charter contract for one of its vessels. The company won a 12-month extension for the IWS Skywalker CSOV. The charter is scheduled to begin at the end of the second quarter of 2026, in direct continuation of the current ...
Equinor taps BW Offshore for Bay du Nord FPSO pre-FEED Floater specialist BW Offshore has been awarded a contract for the pre-FEED study of the Bay du Nord FPSO by Norwegian oil major Equinor. Andreas Sohmen-Pao's company said in a social media post that the Bay du Nord development marks an exciting step forward for the offshore energy sector in Canada. The project consists of ...
Havila Shipping disputes lenders' allegations of default Norwegian OSV owner and operator Havila Shipping is disputing allegations of default that have been made by three different banks. As part of Havila's restructuring deal, three banks and bondholders had planned to have their debt settled by the end of 2024. Alongside this, these banks decided to extend the agreement for another year related ...
Medkon takes another Contships vessel The aggressive fleet buildup seen at Medkon Lines of Turkey shows no sign of slowing with Alphaliner reporting it has bought its ninth secondhand container vessel in the space of less than a year. The Medkon fleet now stands at 23 ships. Medkon has moved for the 1,100 teu Contship Med, paying Contships Management $7m ...
LR apologises for its role in the slave trade British class society Lloyd's Register (LR) has apologised for its role in the transatlantic trafficking of enslaved African people following a re-examining of its history and involvement in these acts. Britain was a major participant in the transatlantic trafficking of enslaved African people. From 1640 to 1807, British ships made around 10,000 voyages, forcibly taking ...
U-Ming diversifies into LNG U-Ming Marine Transport has made good on its vow to enter the LNG trades. The Taiwanese shipowner signalled last June its intention to get into the gas business as it outlined fleet expansion plans to get its fleet to the 100-ship mark. It has since inked an agreement with Kawasaki Kisen Kaisha (K Line) to ...
Seoul seeks ways to pool resources of the nation's top three shipbuilders As it sees its global market share heavily eroded by China, the South Korean government is looking to pool resources among its leading shipbuilders to remain competitive. The Korean government has met with the chief technology officers of the country's top three shipbuilding companies, HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, to ...
AMSC moves to liquidate as Solstad Maritime heads for Oslo Stock Exchange AMSC has revealed plans to liquidate the company as Norwegian offshore vessel owner Solstad Maritime moves for listing on the Oslo Stock Exchange. The Kjell Inge Røkke-dominated outfit, once known as American Shipping Company, holds a 19.6% stake in Solstad Maritime equal to about 91.4m shares which it intends to distribute to its shareholders, and ...
Vineyard Wind restarts six months after blade break Vineyard Wind, the largest operating wind farm in the US, has started generating power again after a six-month halt due to a blade breaking and falling into the water. A blade from one of the planned 62 turbines suffered damage and broke back in July last year leading to a total shutdown of the project. ...
Economou heads to China for next round of boxship orders George Economou looks like he is doubling down on his return to containers. Splash reported last month on the Greek shipping tycoon's first container play since quitting the sector in 2020 with Cardiff Marine, one of Economou's owning vehicles, ordering four 7,900 teu ships at HJ Shipbuilding & Construction (HJSC) in South Korea. Now Alphaliner ...
Santos delays huge oil and gas project off Western Australia Australian energy major Santos has put its plans for the A$3bn ($1.87bn) Dorado oil and gas project in Western Australia on hold. Santos, as the Dorado JV operator, has decided not to purchase the FPSO vessel that was identified as an option for the project's first phase. The company also opted not to enter the ...
EU launches project to investigate human rights at sea The European Union is investing in growing protections for persons at sea with the newly established BlueRights project. The study investigates how the most fundamental universal human rights - the right to life, liberty and health can also be granted to people at sea, and what states and other actors must do to achieve this ...
Amid depressed rates environment, bulk carriers slow down The dry bulk market is in its traditional pressure period between Christmas and Chinese New Year. The severity of the downturn is highlighted by the fact that January average bulker speeds across the globe are at lows not witnessed for more than a decade, according to data from Banchero Costa (see chart below). Monthly average ...
Hull cleaning study shows when ships should head to drydock A new study shows a way to calculate when a hull needs to be defouled, so that drydock time can be scheduled optimally, reducing costs and emissions. Researchers at Sweden's KTH Royal Institute of Technology developed a model for estimating the speed and extent of biofilm growth, which could enable ship operators to schedule hull ...
Navigating shipping's most pressing challenges Emanuele Grimaldi, the chairman of the International Chamber of Shipping, writes for Splash today. In an era marked by growing uncertainty, knowledge and trusted sources are more powerful than ever. The International Chamber of Shipping's annual Barometer survey, the fourth edition of which was recently launched, obtains critical insights into the evolving risks and challenges ...
Trump's sweeping changes wash across maritime Among sweeping changes brought in by the new Donald Trump administration, a new chairman of regulator, the Federal Maritime Commission (FMC), has been announced while Coast Guard Commandant Admiral Linda Fagan has been ousted with her deputy appointed in an acting role. In 2022, Fagan became the first woman to lead a branch of the ...
OceanPal clears out final capesize Greek Nasdaq-listed owner OceanPal has confirmed its exit from the capesize bulker segment with the sale of the 2005-built Salt Lake City. The 171,800 dwt ship, one of the three older bulkers Diana Shipping spun off into OceanPal when the company was established in 2021, has fetched $16.1m from undisclosed buyers. Multiple shipbroking outfits recently ...
Panamax and supramax rates at multiyear lows as bulker slump worsens There's nothing unusual about depressingly low dry bulk spot rates in the first quarter, but there could be more than...
Russian 'spy ship' gathering intelligence on UK's underwater infrastructure The vessel has sailed through the English Channel twice since November, disabling its AIS for parts of the voyage in...
Houthis say Galaxy Leader's crew released After 430 days under Houthi captivity, the crew of Galaxy Leader has been released, according to statements by the Houthis...
Asyad offers 20% of shipping division in IPO The Oman-based logistics company will list shares equivalent to a fifth of Asyad Shipping on the Muscat Stock Exchange
Liability and compensation rules need alt fuels overhaul, IMO told Countries have asked the IMO to look for gaps in liability and compensation rules to clarify who must clean up...
Crude oil tanker fleet growth records 23-year low With low levels of recycling during the past two years and limited new deliveries the average age of the crude...
Hull & machinery rates to stay soft in 2025, Gallagher predicts String of Red Sea losses means proceeds of war risk can no longer cover up for underperforming lines
Alexandratos highlights shipping's massive contribution to Greek economy George Alexandratos was elected last week to head the official advisor to the Greek government on maritime matters
More than 20 maritime workers killed by Russian attacks, Ukraine says Ukraine said the conflict has left seven seafarers dead and more than 300 pieces of Ukrainian port infrastructure damaged
Crimea caller sails for Libya in Russian power play A bulk carrier is on its way to the Libyan port of Misurata after loading in occupied Feodosia
Royal Caribbean boosts cruiseship orderbook at Chantiers de l'Atlantique Royal Caribbean Group confirms newbuilding agreement for 3,000 passenger cruiseship. The shipbuilding contract is subject to financing
MSC adds to fleet with more secondhand boxship buys The market for secondhand containerships shows no sign of abating, with a raft of deals being concluded recently, while MSC...
Eagle S detained for a second time by Finnish court Three companies that owned undersea cables, which were allegedly damaged by the tanker, applied to the court for the seizure...
China dominates global shipbuilding with seven of top 10 yards in 2024 Last year, the top three individual shipyards globally in terms of order wins were all Chinese. Policy support, a weaker...
The Daily View: Buckle up Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
U-Ming ventures into LNG shipping through partnership with K Line Joint venture will expand U-Ming's shipping portfolio beyond dry bulkers and tankers
New US administration, new leaders of US maritime regulation There will be many changes under the second Trump term. Most immediately for maritime businesses, there is a new chairman...
Daily Briefing China's shipbuilders ride order boom to new heights, but geopolitical headwinds loom | Big questions remain on IMO carbon price...
Southern California ports ready to defend green initiatives from Trump White House Officials at Los Angeles and Long Beach say they are prepared to do what is necessary should the new administration target green policies at the ports.
Maersk rejigs standalone services ahead of Gemini Cooperation launch The ocean carrier made the changes ahead of the launch of its partnership with Hapag-Lloyd, referring shippers to the new alliance's services as an alternative.
ECSA-US spot rates weaken rapidly after hitting record high in Q4 New services entered the trade last year amid elevated rates and high demand, but a seasonal lull is putting pressure on prices with plentiful space now on the lane.
Transshipment networks to give Gemini-linked boost to India-US trade Hapag-Lloyd and Maersk will alternatively use feeder connections to relay Indian loads to the US East and West coasts over Gemini hub ports in Asia.
Gemini Cooperation on cusp of launching bold experiment in service networks By promising 90%-plus schedule reliability using a hub-and-spoke model, the Maersk/Hapag-Lloyd alliance is tacking
Evergreen eyes switch to LNG over methanol for next large container ships Will Taiwanese liner operator join the LNG-fuelled liner crush?
Vincent Clerc plays down impact of mooted US duty on Chinese-built ships AP Moller-Maersk chief executive says company would deploy South Korean and Japanese ships to US routes 'but there wouldn't be enough'
Chinese soy imports flow moves away from US as trade war fears mount Panamax supported by Asian importer upping Brazilian soy supplies
Big payday approaches for Frode Teigen as major Belships investors line up to sell to EnTrust Global Majority shareholder is set for the largest gains if the deal goes through
Asyad Shipping launches IPO and plots $2.7bn of investments Investors offered 20% stake as company plots float on the Muscat Stock Exchange
Long-term LNG rates holding up, indicating anticipated market tightening towards 2030 But sector currently seeing rise in vessels idling with increased lay-up, scrapping or repurposing expected
Zero demand growth for dry cargo shipping in 2025, says Fearnleys Bulker fleet will continue to expand with new deliveries, with some segments growing more than others
Performance Shipping takes pay cut to extend Glencore aframax charter Greek owner $4,000 per day short of previous two-year level with trader
Boskalis confirms $143m purchase of US fund's offshore fleet Addition of Pride and Pioneer gives Boskalis a fleet of eight CSVs
Lloyd's Register 'deeply sorry' for part played in slave trade Grant of £1m 'just the beginning' of plans to fund understanding of British shipping's role in the 18th and 19th-century slave trade
Chinese demand question hangs over tanker market as Iran and Russia crude patterns shift under sanctions Lower Chinese demand held down VLCC rates to end 2024 and could still be a factor even without Iran
Houthis release Galaxy Leader crew 14 months after hijacking of ship sparked Red Sea crisis Yemen-based group announce move after discussions with Hamas after ceasefire deal
Tanker S&P activity heats up after massive US sanctions on Russia Reported deal for crude tanker pair sparks speculation about buyers' motives
Gianluigi Aponte's MSC linked to forward charters for string of George Youroukos container ships Liner giant block charters from the Global Ship Lease and Technomar stable
Navios Partners leads Greek panamax sales drive in fresh batch of S&P deals Increasing number of Hellenic owners clear out their legacy vessels to Far Eastern buyers
'Do more research', SEA-LNG chairman Peter Keller urges non-LNG fuelling converts Industry lobby group tags 2024 as growth year with bio-LNG increasing and e-LNG available from 2026
Navios Partners leads Greek panamax sale drive in fresh batch of S&P deals An increasing number of Greek owners clear out their legacy panamaxes to Far Eastern buyers
Uglands Rederi and Sandvik family join Costamare offshore newbuilding push Norwegian owner and designer have stake in Greek-led venture building vessels at PaxOcean
Sustainable ceasefire? Shipping giants mull Red Sea return plan after Houthis pull back Swift resumption of the situation before the Israel-Hamas war broke out is unlikely
VLCC fleet shrinks as crude tanker deliveries hit 36-year low Bimco figures show shipyard handovers dropped 74% last year
Christen Sveaas-backed Sea1 Offshore engages three banks for bond issue in dollars Fundraising proceeds to be used for newbuildings and dividends
Methane abatement coalition targets three technologies with potential to cut maritime emissions Feasibility studies completed, with onboard trials next on agenda
'We're watching': Ardmore ready to pounce on secondhand ships in volatile tanker market New leadership team playing close attention to exciting sector
Idan Ofer and Constantine Logothetis-backed venture to speed up extraction of fuel oil from ships' slops SulNOx wins Nigerian patent to improve separation process
Houthi attacks on shipping likely to resume due to fragile Gaza ceasefire deal, warns S&P Analyst warns all phases of ceasefire unlikely to be secured, sparking return to Red Sea threats
Christen Sveaas-backed Sea1 Offshore engages three banks for dollar bond issue Bond proceeds to be used for newbuilds and dividends
Shipping has 'a lot to learn' from football, says new Grieg managing director Hege Leirfall Ingebrigtsen Former football leader believes the ability to cultivate a culture of collaboration is key to success
Banks threaten Havila Shipping with default in refinancing row Lenders say debt conversion and bond issue constitute breach of restructuring terms
BW LPG banks $14m profit from trading division in strong finish to year Singapore VLGC giant says BW Product Services made $93m in total last year
Kjell Inge Rokke liquidates shipping investment firm to pave path for Solstad listing AMSC to be wound down and shareholders compensated with Solstad stock
Dutch logistics player Mercurius books chemical tanker pair at reborn Chinese shipyard Deal brings the company's total order with Jiangxi New Jiangzhou to six tankers
Court orders seizure of dark fleet tanker suspected of cutting undersea cables Eagle S now under double detention followed alleged sabotage
Norwegian M&A and IPO activity tipped to rise after stock exchange exits and transfers in shipping and offshore Law firm Wiersholm sees 'uptick in transactions, supported by strong investment capacities'
Bulker builder New Dayang breaks into tanker segment with $180m four-ship order However, shipbuilder is remaining silent on which company is behind its tanker debut
U-Ming breaks into LNG via newbuilding tie-up with Japanese giant Taiwanese shipowner has teamed up with K-Line on one LNG carrier newbuilding at Samsung Heavy Industries
BHP's iron ore production inches up 1% for second half of 2024 Australian mining giant boosted by supply chain improvements and debottlenecking at port
Risks everywhere with conflicts and new leaders, says insurance broker Gallagher Profits from war risk underwriters are less significant in propping up marine insurance market than latest cycle
Boskalis confirms $143m purchase of US fund's offshore fleet Addition of Pride and Pioneer gives Boskalis a fleet of eight construction support vessels
US says China pressed unfair advantages to dominate shipping, shipbuilding An investigation by the United States trade representative found evidence of wide-ranging plans by China that have helped it dominate the global ocean shipping and shipbuilding industries.
ITS rates West Coast port drayage, rail ops as 'elevated' but 'running smoothly' There are no major bottlenecks for North American container port drayage and rail ramps, according to ITS Logistics' January U.S. Port/Rail Ramp Freight Index.
Sola to head Federal Maritime Commission Louis Sola has been designated by President Donald Trump as chairman of the Federal Maritime Commission. Sola, a Republican, has served as an FMC commissioner since 2019 when he was nominated during the first Trump administration. The FMC is an independent federal agency responsible for regulating international ocean commerce as it relates to U.S. interests. [...]
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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