Royal Caribbean secures new building slots at Meyer Turku and plans more Icons Royal Caribbean Group (NYSE: RCL) has reached a long-term framework agreement with Meyer Turku that secures the its rights to build at the yard through the next decade. It is also adding
CMA D. Argoudelis joins DEIF as service partner CMA D. Argoudelis & Co. S.A., a leading provider of integrated automation for marine, industrial, and energy sectors, has signed a Service Partnership Agreement with DEIF A/S. The move makes CMA an official DEIF Service Partner in Greece. The partnership strengthens CMA's ability to deliver technical service, maintenance, and support locally, backed by DEIF's advanced technologies and internation
How port performance reveals shifting economic influence The world's shipping industry has quietly undergone a revolution, and the winners tell a fascinating story about economic power, geopolitical strategy, and the future of global commerce. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first on Container News .
Casablanca port emerges as a strategic investment for Morocco As global shipping companies continue avoiding the Red Sea due to ongoing Houthi attacks, Morocco finds itself perfectly positioned to capture a surge in rerouted maritime traffic that's reshaping international trade flows. The US$577 million Casablanca port complex expansion represents far more than routine infrastructure development. It's a calculated bet on Morocco's ability to transform tempo
Fincantieri, Idea Prototipi partner on Robotics Rollout Fincantieri has signed a multi-year collaboration agreement with Idea Prototipi srl to accelerate the use of advanced robotic technologies across its shipyards. The deal aims to boost automation, digitalization, and sustainability in production while supporting innovation-driven small and medium-sized enterprises. The agreement was signed by Claudio Cisilino, EVP Operations, Corporate Strategy &
G2 Ocean cuts 20 hours weekly with Digital Equipment System G2 Ocean, the world's largest open hatch ship operator, has cut more than 20 hours per week from equipment management. The company implemented Onix Work, a digital equipment compliance management system, across its global operations. The system creates digital twins for all equipment, allowing tracking and management from anywhere. It now standardizes compliance practices for over 1 million piece
HGK Shipping moves push boat operations to Rotterdam HGK Shipping will manage its push boat operations from Rotterdam starting 1 October 2025. The task was previously handled from Duisburg. The move aims to strengthen cooperation between branches and improve transport efficiency. Jos Davidse will take over as manager of push boat operations in the fourth quarter of 2025. Andreas Lemme, Managing Director of HGK Dry Shipping, will hand over this part
Steelpaint strengthens Wilhelmshaven Sea Lock Steelpaint has coated 26,000m² of steel on Wilhelmshaven's Great Sea Lock. The gate is 60m long, 20m high, and weighs 1,700 tons. It provides access for naval and commercial vessels to Germany's deep-water port. The project began in 2018. Winter conditions made the original epoxy system unusable. Steelpaint switched to its Stelpant polyurethane system, which cures at temperatures down to -5°C and
Valenciaport exports tiles to 359 global ports The Spanish tile industry utilizes the Port of Valencia as one of the primary gateways for distributing its products to various countries. During 2024, Valenciaport managed export operations for these goods to a total of 359 ports worldwide. The ceramic product traffic report by the Port Authority of Valencia demonstrates that last year, goods were loaded at ports in 149 countries, involving the
How port performance data reveals the fracturing of global trade An analysis of the Container Port Performance Index 2020-2024 exposes how geopolitical tensions are reshaping global maritime logistics. The seemingly technical Container Port Performance Index (CPPI) 2020-2024 report, released by the World Bank and S&P Global Market Intelligence, tells a story far more dramatic than shipping efficiency metrics might suggest. This content is locked Select a CN Pr
Klaipeda port advances infrastructure for wind development Construction is progressing at the Port of Klaipeda on a significant project supporting Lithuania's offshore wind farm development plans. In the former International Ferry Terminal area, quay construction is currently underway. Algis Latakas, CEO of the Klaipeda State Seaport Authority, stated that currently, in the port's southern section at the former International Ferry Terminal, constructor T
APM Terminals Mexico modernizes the Puerto Progreso Container Terminal APM Terminals Mexico announced a comprehensive modernization plan involving phased long-term investments of approximately US$163 million over the next 19 years. The plan encompasses infrastructure upgrades, equipment renewal, and advanced technology implementation at its Puerto Progreso container terminal, targeting more efficient operations, enhanced safety standards, complete logistical visibil
Cavotec to deliver Maldives' first shore power system Cavotec has secured an order from Mohan Mutha Group to supply the Maldives' first shore power systems. The project marks a key step in the nation's plan to cut port emissions and serves as a regional benchmark for future projects across South Asia and nearby island nations. The systems will let berthed vessels connect to onshore electrical power, eliminating berth emissions and reducing auxiliary
Indonesia and EU signed trade agreement Indonesia and the European Union finalized their comprehensive economic partnership agreement negotiations on Tuesday after nine years of discussions, according to Reuters. The agreement will eliminate import duties on 98.5% of EU goods exported to Indonesia and streamline entry procedures for EU products including automobiles and food items such as milk powder, cheeses, meats, chocolates, and ba
Everllence, HHI-EMD & HMD partner At GasTech 2025 in Milan, Everllence, HD Hyundai Heavy Industries-Engine Machinery Division (HHI-EMD), and HD Hyundai Mipo Dockyard (HMD) announced a collaboration to design a next-generation, medium-size gas carrier. The vessel will feature Everllence's dual-fuel, two-stroke B&W G50ME-LGIA engine, capable of running on ammonia. Christian Ludwig, Head of Two-Stroke Sales & Promotion, and Sang-Bae
Imabari delivers 13,900 TEU containership Imabari Shipbuilding has delivered ONE STRENGTH , a 13,900 TEU container vessel, from its Marugame Headquarters. The ship sails under the Singapore flag and is built for Ocean Network Express (ONE). The vessel carries up to 13,932 TEU and has four lashing bridges on deck. It can load a large number of refrigerated containers in the hold and on deck. It also meets IMDG Code standards for hazardous
MSC to launch direct South America-Middle East service MSC will introduce a new direct service from South America to the Middle East in October, with Abu Dhabi serving as a key transshipment hub. The service is designed to support reefer cargo bound for major Persian Gulf destinations, offering faster transit times. South American exporters will be able to deliver cargo to Abu Dhabi in under 33 days, with arrivals in Shuwaikh in 38 days and Hamad in
Carrier Transicold unveils Pulsor eCool in India Carrier Transicold has unveiled its all-electric Pulsor eCool refrigeration unit in India at the REFCOLD Cold Chain Exhibition in New Delhi. The event gathered thousands of visitors and industry leaders, focusing on sustainable and energy-efficient cold chain technologies. "The Pulsor eCool is a major step forward in efficient and smart refrigeration," said Pankaj Mehta, Managing Director of Truc
X-Press Feeders holds off $250M payment in X-Press Pearl Case Singapore-based X-Press Feeders says it cannot make the US$250 million payment ordered by Sri Lanka's Supreme Court while it continues talks with authorities. The payment is part of a US$1 billion interim order related to the 2021 loss of the X-Press Pearl. CEO Shmuel Yoskovitz said the company respects the legal process but warned the ruling leaves the door open for unlimited future claims. "Any
Shipping bosses in Singapore call for immigration shake-up Splash tackles one of the thornier issues facing the local maritime community in the latest instalment from our brand new Singapore Market Report magazine. Singapore's maritime hub status is unquestioned - but its shipping community is increasingly vocal about one factor it believes could undermine future competitiveness: immigration. From shipmanagers to recruiters, industry leaders argue ...
Diana Shipping charters out kamsarmax to NYK Line Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels. The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until ...
Seatrium offloads US shipyard to Karpowership Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of its surplus facilities. Following the sale, ...
Bulker crew stranded in Nigeria without pay for three months The crew of the 2008-built bulker Eleen Armonia has been stranded in Nigeria for more than three months without receiving salaries. According to an email sent to Splash from a crew representative, many crew contracts have already expired, but the owner of the Liberian-flagged vessel has refused to arrange repatriation or crew change. He also ...
Vogemann linked to six kamsarmaxes at Hengli Heavy German shipowner Vogemann has reportedly returned to China for another round of bulk carrier newbuildings, with reports linking the Hamburg-based company to a fresh series of kamsarmax orders at Hengli Heavy Industries in Dalian. Shipbroking and market sources suggest Vogemann has committed to six 82,000 dwt vessels at the yard, with deliveries lined up for ...
Asso.subsea contracts trenching support newbuild at China Merchants shipyard Greek offshore contractor Asso.subsea has signed a deal with China Merchants Heavy Industry's Shenzhen yard for the construction of a new trenching support vessel (TSV). Named Avra, the vessel, due for delivery at the end of 2027, is being billed as the most powerful purpose-built TSV to date, with 24 MW of installed hybrid power ...
Itochu returns to New Dayang for fresh ultramax pair Japan's Itochu Corp has returned to China's New Dayang Shipyard with an order for two more ultramax bulk carriers. The trading house has booked two 64,500 dwt vessels at the Jiangsu yard, part of the state-run Sumec Group, although the price and delivery dates have not been disclosed. The deal lifts Itochu's ultramax orderbook at ...
Leadership shift at Bunker Holding After nearly three decades at Bunker Holding, Keld Demant is stepping down as CEO of the Danish fuel giant and one of the largest marine fuel suppliers, handing the reins to Peder Møller. The leadership change takes effect on October 6. Møller (pictured in the middle), who joined Bunker Holding in 2016 and returned last ...
China dominates annual port productivity survey Container port performance across the world declined between 2020 and 2024 due to the Red Sea Crisis, challenges at the Panama Canal, and pandemic-related shocks, according to a new 79-page report released by the World Bank Group and S&P Global. However, efficiency gains varied by region and income level. The report, Container Port Performance Index ...
Ørsted and Skyborn win legal battle to restart US offshore wind project A federal judge has allowed work to restart on the Revolution Wind offshore wind project, cancelling out the Trump administration's stop order issued in August. The project, located off the coast of Rhode Island, was ordered late last month to "halt all ongoing activities" by the US Bureau of Ocean Energy Management (BOEM), pending a ...
ExxonMobil greenlights seventh project off Guyana US supermajor ExxonMobil has made a final investment decision for the seventh project in Guyana's prolific Stabroek block, after receiving the required regulatory approvals. Hammerhead, the seventh project in the block, will utilise an FPSO with a capacity to produce approximately 150,000 barrels of oil per day. It is anticipated to come online in 2029. ...
Stranded risk tool shows fossil fleets' exposure from Athens to Wall Street The University College of London Shipping and Oceans Research group and Kuehne Climate Centre have released a new online shipping stranded risk tool at New York Climate Week. The new analysis and tool, uses newer data, including wider range of temperature scenarios and transport demand, ability for ships to repurpose to carrying other cargo commodities ...
Box handling capacity forecast to record biggest rise this year since the global financial crisis PSA International remains the world's largest global terminal operator, while worldwide container handling capacity is forecast to record the biggest rise this year since the global financial crisis, according to UK consultant Drewry's latest Global Container Terminal Operators Annual Review and Forecast report. The top spot in the equity-adjusted rankings has been retained by PSA ...
Building a maritime workforce for the age of AI What steps is Singapore taking to future-proof its maritime talent pipeline as automation and AI reshape many careers? The second installment in our brand new Singapore Market Report magazine. Singapore has built its reputation as ta global maritime hub, but as automation, artificial intelligence, and the green transition reshape shipping, the city-state faces an equally ...
Precious spends $66m on ultramax pair Buyers from last week's bulker sales are emerging, with Thailand's Precious Shipping stepping in aggressively - outbidding rivals with just under $66m for its youngest ships to date. The Bangkok-listed owner is closing in on two Japanese-built ultramaxes, the Jal Kalpavriksh and Jal Kalpataru (66,000 dwt, built 2021, Mitsui, Japan), from Jaldhi Overseas. The en ...
X-Press Feeders pauses payments to Sri Lanka X-Press Feeders is pausing pay-outs for Sri Lanka's worst environmental disaster on record. The former operator of the container ship X-Press Pearl, together with its insurer, said it has considered the July ruling of the Supreme Court of Sri Lanka, which mandates an initial payment of $250m today, as part of an interim $1bn order. ...
SAL Heavy Lift doubles deck carrier capacity Germany's SAL Heavy Lift is expanding its semi-submersible deck carrier fleet with the acquisition of two vessels from Korea's Pan Ocean. The MV Sun Shine and MV Sun Rise will join the company between October 2025 and April 2026 and be commercially operated within the JSI Alliance. The move follows the long-term charter of the ...
CMA CGM expands UK footprint with Freightliner takeover France's CMA CGM has moved to strengthen its European intermodal offering with the acquisition of Freightliner UK Intermodal Logistics, one of Britain's largest rail freight operators. The deal covers Freightliner's rail and road operations, inland terminals and the Freightliner brand itself. The acquisition is expected to close in early 2026, subject to regulatory approvals. Other ...
Exmar diversifies with suezmax tanker order in South Korea Belgian gas shipowner Exmar is branching into the crude sector with a move into suezmax tankers. The Antwerp-based company has ordered four scrubber-fitted newbuilds from Daehan Shipbuilding in South Korea, with deliveries scheduled from the third quarter of 2027. The contract with an undisclosed value, placed at Daehan's Mokpo yard, also carries options for a ...
Counting the costs of Trump's tariffs to global growth and trade Shipping has profited amid US tariffs but the industry's fortunes are heavily linked to future economic growth. The negative effect...
Oman is rapidly becoming a hub for Russian shipping As the UAE tightens up on Russian assets and companies under increased US scrutiny, Oman is rapidly becoming the more...
Cost of green hydrogen rears its ugly head If the IMO sets its rewards right, e-fuels producers could tap billions in subsidies. But the huge costs make that...
Shore power seen as Hong Kong's 'low-hanging fruit', but investors want backing Wah Kwong NatPower is driving plans to introduce shore power at Hong Kong's port to support shipping's green transition, but...
Shipowners' Club to offer combined P&I and H&M cover Product made possible after acquisition of Lloyd's MGA Waterborne last year
Ageing feeder fleet demands greater investment despite rise in smaller boxship orders The historic solution of cascading older, larger ships to feeder routes may no longer be viable due to inefficiency and...
Spliethoff MPV attacked in the Gulf of Aden after weeks of relative calm No group has claimed responsibility for the attack yet, but UKMTO and Ambrey warned the vessels in the area to...
China Maritime Code can be tougher than Hague-Visby Rules, warns Gard Evidentiary burden on due diligence differs from English courts and arbitration panels, marine insurer contends
Maritime players diversify currency to mitigate risk But the US dollar is poised to remain as the main shipping currency despite recent trends
Digitalisation and port development key in keeping Singapore competitive Cybersecurity risks will also be a concern as the industry embraces port developments and digitalisation, panel warns
The Daily View: Shadow boxing
X-Press Feeders pauses payouts in X-Press Pearl case as it urges Sri Lanka for guarantees X-Press Feeders has raised strong concerns over the continued legal and personal consequences faced by its personnel
Daily Briefing Pressure builds for realigned G7 shadow fleet sanctions but US action remains uncertain | Ammonia fuel's wider environmental risks will...
New ship-to-shore cranes with US parts coming to Long Beach The slow drive to bring more maritime equipment manufacturing to the US has received a small boost with a crane order from MSC's terminal division that will include US-made components.
UP-NS merger could extend West Coast market share reach The proposed creation of a transcontinental railroad could allow West Coast port to better compete for Asia cargo destined for markers east of Chicago, writes Executive Editor Mark Szakonyi.
Ocean carriers cut capacity to arrest Golden Week rate slide After initially holding back on blank sailings, carriers have announced additional capacity withdrawals to match the slowing demand ahead of Oct. 1, when Chinese factories close for eight days for the National Day holiday.
Red Sea, Panama Canal led to poorer port performance in 2024: World Bank The annual report on global port performance shows almost universally weaker scores due to vessel delays and reroutings, but some terminal operators helped a few ports buck the trend.
Sempra green-lights Port Arthur LNG project expansion and sells stake in infrastructure arm New liquefaction approvals in 2025 tip over 60-mtpa mark
Liner sector well placed to weather the next market downturn, says Societe Generale banker A downturn in the container sector could come as early as next year, according to market watchers
Royal Caribbean lock up Meyer Turku slots for the next decade and order next giant newbuilding Cruise giant looking to next class of ships after record-breaking Icon vessels
US judge sweeps attorney-client privilege aside on evidence of Eletson fraud US judge sweeps aside shroud of secrecy in court battle for control of Eletson group
When I grow up, I want to be in shipping: How US shipbrokers are 'spreading the word' about maritime Better known for its Miami gala, the Association of Ship Brokers & Agents is also making serious moves behind the scenes
Greek shipowners take nuclear leap of faith at TradeWinds forum in Athens Major players say they're open to a propulsion idea that increasingly gains traction
John Fredriksen adds four VLCC newbuildings to private fleet in Chinese deal Seatankers said to have swooped for more vessels at Hengli Heavy that were previously linked to tycoon's Frontline company
Karpowership to buy US shipyard from Singapore's Seatrium Powership owner set to shift into new gear with US facility
Container ship operator hires hospital boss as new managing director Steinar Hollesen Eirikstoft taking over at Eimskip-controlled boxship operator
Hospital boss takes over as managing director of Faroe Islands line Steinar Hollesen Eirikstoft taking over at Eimskip-controlled boxship operator
Union Maritime has $2bn newbuilding orderbook fully funded with debt and 50 ship sales CFO Kotsapas says the company is 'building one of the youngest fleets now'
Charterers paying more to renew term tanker charters as spot rates spike Brokers have noted a mild improvement in period levels, but the full effects are yet to filter through
Union Maritime ship sales spur $2bn fleet renewal 'We're building one of the youngest fleets now'
VLCC 'regime change' likely to tighten secondhand tanker price ranges, brokers say Greece's Xclusiv Shipbrokers argues modern vessels will see narrower negotiating band
First ship embarks on new China-Europe Arctic container route Polar Silk Road passage aims to speed up voyage times between East and West
Danish shipowner snaps up fleet of European bulker company saved from bankruptcy Handysizes changing hands for bargain price after Turkish deal fell through
Azerbaijan 'gifting' tanker newbuilding to Caspian Sea neighbour Economy minister says move is a symbol of deepening relations with Turkmenistan
'Relentless rally': Red-hot VLCC market here to stay Shifting trade patterns should sustain VLCC rate levels in the medium to long term, says Breakwave Advisors
Chinese-controlled VLGCs flee imminent US port fees as Atlantic tonnage list tightens Brokers say about 10% of the large gas carrier fleet will be affected
Mining giant BHP, Berge Bulk and ammonia suppliers sign up to zero-emission shipping trial Project has been orchestrated by an Affinity broker who chairs technology company
Himalaya Shipping converts bulker contract to fixed rate ready for seasonal boom Five of Himalaya's 12 newcastlemaxes will earn fixed rates in the final quarter
World's largest marine fuel supplier Bunker Holding promotes Peder Moller to top job Incoming CEO to bring in 'new energy' as sector transforms
New missile strike targets ship in feared Houthi attack First attack in Gulf of Aden for weeks as hostilities pick up in vital waterway
Seacon Shipping secures $42m loan to strengthen balance sheet Term facility repayable over up to five years
X-Press Feeders snubs $1bn fine over ship fire as open-ended penalty hangs like a 'guillotine' First $250m installment for X-Press Pearl disaster was due on Tuesday
Union Maritime has $2bn newbuilding orderbook fully funded with debt and 50 ship sales, CFO says 'We're building one of the youngest fleets now'
Ships tied to sanctioned Houthi fuel baron lose mainstream insurance West of England says cover was terminated as soon as sanctions were issued against Muhammad Al-Sunaydar-linked tankers
Shipping's liquidity glut set to keep asset prices high well into the future High-profile Marine Money panel says too much money is also keeping market consolidation off the cards
Patrol boats, underwater drones and sniffer dogs: How shipping firms are fighting drug gangs Pacific Basin Shipping increased security after crew members were unfairly criminalised following drug discoveries
Brazilian firm tightens grip on barge operator Hidrovias with 55% stake worth $472m Move comes less than two months after Brazilian conglomerate took majority ownership
German postal operator to resume US parcel shipping Deutsche Post and Australia Post are among the first postal operators to restart parcel shipments to the U.S. after the duty-exemption for low-value goods was terminated last month.
Maersk: No China ship surcharge; Seaspan to reflag 100 vessels Maersk won't levy a surcharge when U.S. fees on China-linked ships take effect in October.
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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