VIDEO: BYD Shenzen takes "world's largest car carrier" crown The China Merchants Industry Nanjing Jinling shipyard yesterday held a ship handover and naming ceremony for the first 9,200-car dual-fuel car carrier, BYD Shenzhen. Built for China's BYD Co. Ltd., its loading
CMB.TECH and Golden Ocean merger will create 250 ship behemoth CMB.TECH NV [NYSE: CMBT] and Golden Ocean Group Limited [NASDAQ: GOGL] are set to merge, creating one of the largest diversified listed maritime groups in the world with a combined fleet of
Buying a Home While Selling Another: Juggling Two Moves at Once Image source Buying a home is exciting. Selling one at the same time? That's a whole different level of stress. If you're planning to do both, you probably already feel the pressure of managing two major transactions at once. There are timelines to sync, finances to sort out, and moving logistics to figure out. This situation is especially common in fast-moving markets like Arlington, where homes
Cargo Theft Report Reveals Rapidly Shifting Criminal Tactics and Emerging Targets The BSI Consulting and TT Club 2024 Cargo Theft Report gives an analysis of targeted commodities, prime locations for theft, regional hotspots and evolving strategies employed across the world. The two organizations note that of the incidents analysed: Food and beverages were most frequently stolen, 22% 76% involved trucks, including 21% hijackings and 20% theft of vehicles Nearly half occurred w
Hapag-Lloyd applies peak season surcharge from Asia to Tanzania German ocean carrier Hapag-Lloyd has announced a Peak Season Surcharge (PSS) for shipments from Asian ports to the port of Dar es Salaam in Tanzania. The surcharge will apply to all container types, is expected to be effective from 5 May until further notice, and has been set at US$400 per TEU. If you liked this post, please consider donating The post appeared first on Container News
NWSA continues to boost container imports The Northwest Seaport Alliance (NWSA), including the ports of Tacoma and Seattle, has reported a strong March, recording 309,993 TEUs, representing an 18.5% growth over the same month last year. This is the 13th consecutive month of month-over-month import increase for NWSA, which said that shippers brought orders forward to avoid expected tariffs. Full international imports in March increased by
We Asked AI: Container Ships Passing Through Middle Eastern Straits As dawn breaks over the Middle East, colossal container ships glide silently through strategic straits and bustling terminals, heralding a new chapter in global trade. From Jeddah to Sohar, emerging markets across the Gulf and beyond are transforming the logistics landscape-investing in smart port technologies, expanding infrastructure, and positioning themselves as vital gateways connecting Asia
Aqaba Container Terminal receives US$13 million STS gantry crane APM Terminals-operated Aqaba Container Terminal (ACT) has announced the arrival of a state-of-the-art Ship-to-Shore (STS) gantry crane, worth US$13 million. This announcement comes as part of the development plan launched by Jordan's ACT, following the extension of the concession agreement with the Maersk-owned port operator. Nayef Hamidi Al-Fayez, Chief Commissioner at Aqaba Special Economic Zon
Is CMA CGM's Bet on Oran in Jeopardy? As diplomatic relations between Algeria and France once again enter turbulent waters, collateral damage may hit one of Algeria's most strategically significant infrastructure projects. A planned investment by French shipping giant CMA CGM in the Port of Oran has come under scrutiny, raising two central questions: Is CMA CGM's project in jeopardy? And if so, how critical is this investment for Alg
ZIM and TS Lines withdraw Transpacific routes Israeli ocean carrier ZIM and Hong Kong-based regional carrier TS Lines have joined MSC and Premier Alliance in pulling Transpacific services, as container volumes continue plunging amid the US-China trade war
PSA mulls sale of its stake in CK Hutchison Singapore's port and terminal operator PSA International is considering selling its 20% stake in CK Hutchison's global ports business, according to a report by Reuters. The potential divestment comes as CK Hutchison seems to move forward with plans to sell its 80% stake in the business-valued at US$14.2 billion -to a consortium of BlackRock and MSC. The deal, which includes ports in 23 countries
Sallaum Lines selects Inmarsat NexusWave to enhance onboard connectivity Inmarsat Maritime, a Viasat company, has signed an agreement with Sallaum Lines, a Roll-on/Roll-off (RoRo) cargo shipping company, to upgrade to Inmarsat Maritime's NexusWave fully managed bonded connectivity service. NexusWave is expected to provide secure, ultra-fast connectivity with unlimited data, complemented by Inmarsat's Care Premium programme for 24/7 support and maintenance. Reflecting
Paranaguá Container Terminal sees record volumes for poultry and beef shipments TCP, the operator of Brazil's Paranaguá Container Terminal, reached a new all-time high in reefer container handling for the first quarter with 35,809 units, translating to an increase of 17% compared to the same period last year. Considered the largest poultry meat export corridor in the world, the box terminal broke a record by increasing its market share in shipments in the first quarter, reac
Indonesia demonstrates balanced approach amid ongoing US-China trade war As the trade conflict between the United States and China intensifies, Indonesia is adopting a multifaceted strategy to safeguard its economic interests while maintaining balanced relations with both global powerhouses. In response to the US administration's proposed 32% tariffs on Indonesian exports to the United States, Jakarta has prioritized diplomatic channels over retaliation
Maritime unimpressed by USTR's fee regime Carrier representatives and analysts remain unimpressed with the US Trade Representative's (USTR's) announcement to levy charges on Chinese-built or operated vessels according to their size as measured by net tonnage. The World Shipping Council (WSC) argued that US exporters would be particularly hard hit by the fees, while adding that calculating fees on a net tonnage basis would penalise the la
European carriers lead in reefer capacity Asian liner operators continue to lag behind their European peers in reefer capacity, as the latter have invested more in fully cellular container ships with reefer plugs. MSC, the largest liner operator, continues to lead in terms of reefer capacity, with 651,000 reefer slots, giving it a reefer-to-fleet ratio of 23.3%. The Geneva-based carrier has upped its reefer plugs by nearly 12% year-on-ye
GCT Global Container Terminals orders Konecranes equipment for Canadian facilities GCT Global Container Terminals has ordered 10 hybrid Konecranes rubber-tired gantry (RTG) cranes for its GCT Deltaport terminal and one battery-powered Konecranes RTG for its GCT Vanterm terminal. The agreements were signed in the first quarter of 2025, and the 11 cranes will arrive at the Canadian terminals by the third quarter of 2026. The new orders will expand GCT's fleet of Konecranes RTGs t
SAAM Towage achieves major milestone with cross-border towing operation SAAM Towage has successfully executed a major and complex towing and logistics operation, marking a significant milestone in the company's capabilities. This extensive maneuver, which involved collaboration across five countries-Panama, Colombia, Ecuador, Peru, and Chile-highlighted the strength of SAAM Towage's operational network and its exceptional coordination across international teams. The
Indian Register of Shipping relocates Kakinada office Indian Register of Shipping (IRS) has announced the relocation of its Kakinada Site Office to a new and improved facility. This move forms part of IRS ongoing efforts to enhance its presence in the region and offer improved services to the local maritime community. The inauguration ceremony of the new office was marked by the presence of key stakeholders from across the maritime and oil & gas sec
Hapag-Lloyd implements peak season surcharge from East Asia to US and Canada Hapag-Lloyd has announced a Peak Season Surcharge (PSS) from East Asia to North America, effective from 12 May until further notice. The German ocean carrier noted the PSS will be US$1,000 per TEU and US$2,000 per FEU. East Asia area includes Japan, Republic of Korea, Taiwan (PRC), Hong Kong (PRC), China (PRC), Macau (PRC), Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei,
Positive Momentum at African Transit Ports Despite Limited Investment As the security crisis in the Red Sea persists, global shipping routes continue to shift-elevating ports across Sub-Saharan Africa as increasingly vital transit hubs in the evolving maritime landscape. Among the most notable beneficiaries is Mombasa Port in Kenya. A steady rise in its connectivity coincides with the completion of its Berth 23 upgrade. The project, finalized in early 2024, has exp
Vantage Drilling bags $80m drillship deal Offshore drilling contractor Vantage Drilling has received a conditional letter of award from an undisclosed client for the 2010-built drillship Platinum Explorer. The company stated that the conditional letter of award has a 90-day validity period. The contract value is around $80m with an anticipated 260 days required to complete the campaign, inclusive of mobilisation ...
Chevron hires Olympic vessel for work on Nigerian deepwater project Norwegian offshore vessel owner Olympic has won work for one of its anchor handling vessels from US supermajor Chevron. The US company hired the Olympic Zeus anchor handler and offshore construction vessel for work on the Agbami FPSO off Nigeria. According to a Breamar report, the vessel was hired for two months. The deal also ...
Trump hints at China tariff row back President Donald Trump has hinted at easing his aggressive trade stance with China, suggesting a significant reduction in the steep tariffs on Chinese imports amid ongoing market turbulence. Speaking at a White House press briefing on Tuesday, Trump indicated that the current tariffs, which have soared past 145%, will be scaled back considerably, though not ...
Advantage Tankers tied to South Korean VLCC orders Advantage Tankers has reportedly added to its newbuilding orderbook in a deal for a brace of VLCCs in South Korea. Greece's Xclusiv Shipbrokers note the Geneva-based owner and operator of about 25 ships has booked the two 320,000 dwt units at Hanwha Ocean at $126.5m each. Established in 2014, the Nazli Williams-controlled company currently lists ...
Petronas inks 11 deals to strengthen Malaysia's oil and gas sector Malaysian oil and gas company Petronas has signed 11 memoranda of understanding to strengthen the country's oil and gas services and equipment sector. The MoUs, focused on two key initiatives, were signed through Malaysia Petroleum Management (MPM). The agreements leverage collaboration with industry players to enhance the performance of fabrication yards through modernisation and to ...
Bill looking to permanently ban oil and gas activities off California Democratic Party Representative Salud Carbajal has reintroduced the California Clean Coast Act into the US Congress. The California Clean Coast Act would permanently ban future offshore oil and gas leasing in areas of the Outer Continental Shelf off the coast of California. The act was the first bill the congressman introduced as a member of ...
Hutchison draws level with PSA on revenues There might be a 12.8m teu gap between them in group-wide annual throughput, but old rivals Hutchison Ports and PSA International are neck and neck when it comes to revenues these days, helping explain what a canny potential deal BlackRock and Mediterranean Shipping Co (MSC) have carved out for themselves. Source: Alphaliner The latest data ...
Bulk carrier becomes latest piracy victim in the Singapore Strait The pirate attacks keep coming thick and fast in Indonesian waters of the Singapore Strait. Ambrey, a British maritime security specialist, reports that a Marshall Islands-flagged bulk carrier was boarded by four individuals while transiting eastbound through the Philip Channel, a patch of water that has become the global piracy hotspot in recent months. The ...
Any old spares? Andrew Craig-Bennett warns about the risks of using prevalent knock-off spare parts. When a new ship leaves her builder for her maiden voyage, she will carry spare parts. We can probably - probably - assume that these spare parts, as well as the renewable and consumable components fitted in her mechanical and electrical systems, are genuine ...
Chemical tanker attacked off Nigeria A Marshall Islands-flagged chemical tanker was boarded by four individuals some 100 nautical miles southwest of Brass, Nigeria, according to UK maritime security specialists Ambrey. The individuals approached the vessel in a black-hulled skiff. No weapons were reported during the incident. The individuals remained onboard for four hours and stole crew belongings and vessel property. ...
Chinese yards largely unscathed from US port fees Non-Chinese shipowners can breathe a sigh of relief that they can still order most ship types risk-free in China, according to HSBC, following last week's decision by the US Trade Representative to water down penalties on Chinese-linked tonnage. The competitiveness of Chinese yards remains intact, according to the global bank. "The diluted port fees will ...
US targets Iranian LPG magnate The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated Iranian national and liquified petroleum gas (LPG) "magnate" Seyed Asadoollah Emamjomeh and his corporate network, for his role in shipping hundreds of millions of dollars' worth of Iranian LPG and crude oil to foreign markets. Emamjomeh's expansive network includes a vessel, ...
CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships Belgium's CMB.TECH and one of Europe's largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by the boards of both companies, the shipowning vehicle controlled by the Saverys family ...
Contships pushes ahead with fleet renewal Secondhand strategy accords with reality of high newbuilding prices for feeders unjustified by current charter rates, according to Clarksons Securities...
What happens next in the Baltimore bridge case? Lloyd's List law and marine insurance editor David Osler examines the next steps in the maritime casualty of the decade
IMO carbon price not a done deal industry warned The IMO's new green regulation has drawn fire for its complexity and weak climate targets. But it is seen as...
Tankers cheaper to insure than a year ago but bulker premiums rise fractionally Softening seen as likely in coming period
USTR port fees: Dry bulk gets reprieve, for now The long-awaited announcement by the US Trade Representative outlining its port fees plan was significantly scaled-back from the original proposal...
Revised US port fee plan leaves important questions unanswered, lawyers argue Watson Farley & Williams team analyse latest rules
Container line operators now more cautious about chartering tonnage The boxship charter market has been relatively inactive, as US tariffs weigh on liner services
CMB.Tech completes Golden Ocean merger The Saverys-owned company has been slowly buying shares in Golden Ocean following John Fredriksen's exit, and has now formally agreed...
The Daily View: To be or not to be
Daily Briefing EXCLUSIVE: How an LPG tanker's maiden voyage ended with the US sanctioning a sprawling Iranian gas network | Ports and...
Amazon LTL offering is no threat to standalone carriers: ODFL The president of the second-largest US LTL provider sees Amazon's decision to offer its vendors LTL service as an opportunity for ODFL to move more retail freight.
Lack of accurate data a threat to US shippers as LTL reclassification nears Shippers need to collect and share accurate shipment data and even rethink some shipping processes ahead of July 19 changes to LTL classification, experts tell the Journal of Commerce.
Hapag-Lloyd saw China bookings drop hard after US enacted tariffs The carrier said its Gemini Cooperation alliance with Maersk is not resorting to blanked voyages to deal with the downturn, but did redeploy ships to deal with demand changes.
US importers turn to Canadian bonded storage to delay payment of tariffs Amid the US-China trade war, inquiries for bonded storage north of the border have increased four-fold this month, according to one Canada-based third-party logistics provider.
Rebounding US auto imports caught in tariff crossfire Demand for light vehicles and components began 2025 on a sour note amid rising production costs, tariff uncertainty and projections for slower US economic growth.
Tariffs threaten rebound in US household goods imports HHG imports rose almost 20% in 2024 fueled in part by home remodeling, but US tariffs on China and Vietnam could reverse that gain.
Trade war slump: US container volumes predicted to see 'almost certain' double-digit fall Trade war double threat to have pronounced impact on imports and exports, expert John McCown says
US East Coast gas exporter plays down tariffs on LPG and ethane. 'All of it is going to Europe' Range Resources chief executive says market will redistribute barrels impacted by Beijing's retaliation
'Shock' or relief: Here's how Trump trade chief's port fees could impact shipping sectors Car carrier operators expected to seek relaxation of sweeping surprise fees
Colleagues celebrate life of 45-year maritime lawyer Keith Heard Memorial services on Friday for legal scholar with penchant for helping others
Key questions still require answers as shipping grapples with small print of port fee measures Lawyers and brokers give their best guess as to what some of the more opaque parts of the port fees proposals actually mean
Shipping stocks join market rally as Trump considers China tariff easing Trump acknowledges 'active' discussions with China amid efforts to forge trade deal
How Chinese shipping giant Cosco can cope with high exposure to US port fees Hardest-hit Cosco will need help from Evergreen and CMA CGM to circumvent US port fees, say analysts
Greek-controlled tanker adrift after engine room fire off Somalia Crew member suffers burns, needs evacuation
Port fee strife sees liner shipping titans hit pause on billion-dollar newbuilding deals US trade policy sees newbuilding talks placed on ice, sources say
Supramax rates under pressure from falling Indian iron ore exports, says Signal Group Tumble in exports is due to India's push for rapid urbanisation and declining Chinese demand
How US-China trade war could reshape major tanker shipments Nigerian barrels could head east to China, BRS Shipbrokers speculates
Golden Ocean CEO talks up premium merger price as Seatankers bulker management deal stays intact Peder Simonsen tells TradeWinds shareholders have got the same deal as Norwegian tycoon John Fredriksen
Pirate gang raids tanker in fresh security scare for shipping Another attack also reported off Indonesia
'We will expand in all sectors': Alexander Saverys shows his hand after merger forges one of world's biggest shipowners CMB.Tech boss opens up on plans for former John Fredriksen bulker company
Chinese lessors could sell off MR tankers after US port fees clarification, Braemar says UK broker also expects owners to hold off on ordering new tankers until price is right
'Ample upside': Hoegh Autoliners gets 'buy' ratings after tariff sell-off Car carrier owner rises 8.2% in Oslo
Bank blocks account of bulker owner over unpaid debt Prva Bank takes action against Montenegro's state-controlled Crnogorska Plovidba
Shipping bond issuers 'well positioned' to soak up tariff hit, Clarksons says Credit scores for shipping companies remain unchanged in first quarter
Fear and favour: Golden Ocean-CMB.Tech merger splits investor and analyst sentiment Both stocks rise in Oslo and Brussels following the mega-deal
Fire on cruise ship caused by catastrophic engine failure, NTSB says Failure possibly due to the crew exceeding recommended intervals for changing lube oil and oil filter elements
Stephenson Harwood promotes shipping lawyers as partner numbers expanded UK-headquartered law firm announces second biggest promotion round in its history
SSY hires co-founder of Clarksons' Sea platform to lead data and analytics push Shipbroking group wants to improve its use of data and digitalisation
Excelerate Energy upsizes bond to $800m as it reveals pricing Investors will be banking 8% interest per year as FSRU owner funds acquisition of New Fortress LNG assets
Pirates board tanker and steal cash in first Nigerian attack since 2021 Security companies advise caution after raid 100 miles from shore
Iran jails tanker crews for five years as it seizes two extra ships Court also fines seafarers for their roles in smuggling fuel
Pirates board tanker and steal cash in first Nigerian attack since 2021 Security companies advise caution after raid 100 miles from shore
Secondhand bulk carrier sales plunge 58% due to market uncertainties, says Veson Chinese-built bulkers expected to be hardest hit by proposed US port fees
Fire on cruise ship caused by catastrophic engine failure, NTSB reports Failure possibly due to the crew exceeding recommended intervals for changing the lube oil and oil filter elements
'Baffling' gender pay gap in maritime is 'disgracefully high' in the UK, diversity experts say Recruitment issues in sector to blame for wage discrepancy?
Second-hand bulk carrier sales plunge 58% due to market uncertainties, says Veson Chinese-built bulkers most badly hit due to proposed US ports fees
Cruise ship fire caused by catastrophic engine failure, NTSB reports Failure possibly due to the crew exceeding recommended intervals for changing the lube oil and oil filter elements
SPDB Financial chairman eyes offshore as Chinese leasing braces for fresh challenges Chinese lessor is leveraging its experience and financial versatility to move beyond traditional vessel types
CMB.Tech strikes deal to swallow up Golden Ocean to form 250-ship giant Transaction comes seven weeks after Belgian company took over Fredriksen's stake
Buyer linked to Chinaland Shipping snaps up a capesize bulker Chinese appetite for ageing capesize and newcastlemax bulkers grows
White House releases Trump letters on military action to protect shipping from Houthis President's explanation to Congress unveiled as top defence official faces second Signal controversy
Qatar Airways, IAG and Malaysia Airlines propose joint cargo venture A proposed trilateral cargo partnership among Qatar Airways, IAG Group and Malaysia Airlines will extend each airline's global reach, the carriers say.
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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