Role-based training a priority to combat maritime cyber risks Maritime operations run on tight schedules and thin margins, and as ships, terminals and supply chains connect systems for visibility and efficiency, attackers gain paths to entry. Cyber risk has become an
Otto Candies acquires Harvey Gulf's MPSVs Otto Candies, LLC and Harvey Gulf International Marine have jointly announced that Otto Candies has acquired four Multi Purpose Support Vessels (MPSVs) from Harvey Gulf. Effective Thursday, October 23, 2025, all four
HD KSOE's nuclear powered box ship notches up another approval The 15,000 TEU nuclear powered containership design first unveiled by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) at Core Power's New Nuclear for Maritime Houston Summit back in February (see earlier
ID Logistics reports strong Q3 2025 ID Logistics announced solid financial results for the third quarter of 2025, recording revenues of €937.8 million, up +13.4% year-on-year, or +15.4% on a like-for-like basis, driven by strong performances across all regions. Growth was particularly notable in France (+16.1%), North America (+30.4%), and Europe excluding France (+11.2%), while Latin America and Asia also saw positive momentum (+6
Carrier Transicold wins 1,000-unit order from Great White Fleet Expanding Cold Chain Capabilities Carrier Transicold has received an order for 1,000 OptimaLINE units with EverFRESH® technology from Great White Fleet, the ocean transport arm of Chiquita Group. The deal strengthens both companies' commitment to innovation and sustainable cold chain solutions. Advancing Perishable Cargo Transport EverFRESH technology controls oxygen and carbon dioxide (CO2) insi
BIMCO: Container ship recycling overhang hits 1.8 million TEU BIMCO's latest Shipping Number of the Week highlights a growing overhang in container ship recycling, estimated at a minimum of 500 ships or 1.8 million TEU , according to Chief Shipping Analyst Niels Rasmussen . "So far this year, only 10 container ships have been recycled," Rasmussen notes. "This continues a trend of low recycling activity since 2021 as many ships remain in operation beyond the
HMM, Hanwha Group and KR join forces for zero-carbon ship propulsion HMM has signed a Memorandum of Understanding (MoU) with four subsidiaries of Hanwha Group, Hanwha Power Systems, Hanwha Ocean, Hanwha Aerospace, and Hanwha Systems, along with Korean Register (KR), to jointly develop a next-generation zero-carbon propulsion system for ships. The partnership aims to design an innovative propulsion system that uses ammonia-based gas turbines to generate thrust and
Global bunker prices continue to fall At the close of Week 43, global bunker indices tracked by MABUX continued their moderate downward trend. The 380 HSFO index declined by US$14.74, to US$434.04/MT. The VLSFO index slipped by US$6.84, to US$501.35/MT, moving closer to the US$500/MT threshold. The MGO index also eased by US$3.90, to US$754.69/MT. "At the time of reporting, signs of an upward correction were emerging in the global bu
Freightos Weekly Update: Ex-Asia ocean rates climb on GRIs US Treasury Secretary Scott Bessent is set to meet with China's Vice Premier He Lifeng this week in Malaysia following the sharp increase in trade tensions between the countries and just ahead of the planned Trump-Xi meeting in S. Korea at the end of the month. The White House expressed optimism that the US and China will deescalate from recent steps which included China increasing export control
Evergreen's balancing act: When commercial logic meets geopolitical reality Taiwan's Evergreen Marine Corporation has split its latest US$2.8 billion fleet expansion equally between Chinese and South Korean shipyards, a decision that reveals the impossible calculus facing Taiwanese companies caught between Beijing's economic gravity and Washington's strategic orbit.
Shipping lines and owners in frenzy to avert Chinese port fees China's retaliatory port fees, implemented on 14 October, has created significant disruption in the shipping industry, according to Alphaliner. Shipping companies are now reassessing their corporate structures and diverting vessels to sidestep the new charges.
Grimaldi and China Merchants form strategic shipping partnership The Grimaldi Group (Naples) and China Merchants Shenzhen RoRo Shipping (Haina Cang) have signed a Cooperation Framework Agreement to expand their global logistics and maritime transport services. The partnership aims to increase capacity, improve efficiency, and strengthen service networks supporting Chinese exports. Both companies bring decades of experience in Ro-Ro, car carrier, and multimodal
Ship liners in Chittagong barred from imposing surcharges: license of nine ships cancelled, reinstated Two Maerskline container vessels took berth at the Chittagong Port jetties on Wednesday, October 22, after staying nearly a week at the outer anchorage of the port as their licenses were cancelled due to violation of surcharge rules by the company. These vessels-Maersk Norddal and Maersk Keelung-came to the Chittagong water on 15 and 16 October respectively and were floating at the outer anchorag
Konecranes unveils hydrogen fuel cell straddle carrier Konecranes is debuting the Konecranes Noell Hydrogen Fuel Cell Straddle Carrier at TOC Americas 2025 in Panama City. The launch marks the carrier's first appearance in the Americas and globally. It will be showcased alongside the Konecranes E-Hybrid RTG and electric empty container handler, highlighting the company's progress toward a full portfolio of low- and zero-emission equipment. The hydrog
Port of Hueneme and Port of Paita strengthen ties through Sister Port agreement The Port of Hueneme in California and the Port of Paita in Peru have signed a Memorandum of Understanding (MOU) to form a Sister Port relationship under the U.S. Department of State's Sister Ports Program. The agreement promotes collaboration, trade growth, and the exchange of best practices. A Peruvian delegation visited Ventura County on October 13 to meet with Hueneme port leaders and local pa
Recent developments show no signs of trade war de-escalation Two developments reveal an intensifying US-China trade confrontation with significant ramifications for global maritime operations.
Europe's Ports call for full support of CEF proposal ESPO welcomes the European Commission's decision to continue the Connecting Europe Facility (CEF) programme. This ensures funding for transport and energy network upgrades through a centrally managed European instrument with a solid budget. "Improving transport infrastructure and connectivity is key to Europe's competitiveness and resilience," says Isabelle Ryckbost, ESPO Secretary General. "Port
Waberer's signs strategic partnership with Kazakhstan's KTZ Express Waberer's Group, listed in the Premium segment of the Budapest Stock Exchange, has signed a strategic cooperation agreement with KTZ Express, the international intermodal logistics subsidiary of Kazakhstan's state railway company. The partnership aims to establish a joint venture to develop and operate an intermodal terminal in the Budapest region, which will serve as the European endpoint and lo
US tarrif reduction to India opens new prospect for commercial shipping India and the United States are nearing a landmark trade agreement that could dramatically reduce tariffs on Indian exports from approximately 50% to 15-16%, according to reports from the Mint newspaper.
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Cavotec secures motorised cable reel contract for Port Hedland project in Australia Cavotec has signed a contract with Australian construction and engineering company Civmec for the supply of a motorised cable reel to be installed at Port Hedland, Western Australia, one of the world's largest iron ore export facilities. This marks Cavotec's first major collaboration with Civmec, further strengthening the company's presence in Australia's mining and bulk material handling sector.
Grimaldi Group's Grande Shanghai completes maiden voyage The Grande Shanghai , one of the Grimaldi Group's next-generation pure car and truck carriers (PCTC), has successfully completed her maiden voyage as part of the recently launched East Asia-East Africa service. The vessel's inaugural journey marks a key milestone in sustainable maritime transport, connecting major Asian ports with East African gateways. Departing from Taicang, China, in early Sep
Wärtsilä renews LNG carrier engine support for TMS Cardiff Gas Wärtsilä Corporation and TMS Cardiff Gas have renewed their Lifecycle Agreement for seven LNG carriers for another five years. The agreement covers the 2-stroke main engines onboard the vessels. It aims to maintain maximum operational reliability by allowing flexible maintenance scheduling and optimizing time between overhauls. The order was booked in Q3 2025. LNG carrier operators face regulator
Everllence delivers electric compressor for Lithuania's gas network Everllence will supply a 5 MW MOPICO® (Motor Pipeline Compressor) system to the Jauniunai gas transport station in Lithuania. The system features integrated magnetic bearing technology and a fully electric drive. It will be installed by leading EPC contractor MT Group and operated by AB Amber Grid, Lithuania's national gas transmission operator. Boosting Gas Transmission with Zero Emissions The J
Switzerland funds UNCTAD digital economy programme Switzerland's State Secretariat for Economic Affairs (SECO) has contributed 4 million Swiss francs to support UN Trade and Development's E-commerce and Digital Economy Programme for 2025-2029. The funding will strengthen the programme's work in research, technical cooperation, and international dialogue, helping developing countries integrate more effectively into the global digital economy. SECO
Daimler Truck, HHLA, Kawasaki launch liquid hydrogen partnership Daimler Truck AG, Hamburger Hafen und Logistik AG (HHLA), and Kawasaki Heavy Industries signed a Memorandum of Understanding (MoU) at the Hydrogen Technology World Expo in Hamburg. The partnership will explore building a reliable liquid hydrogen supply chain from overseas to Europe via the Port of Hamburg. The project aims to transport hydrogen efficiently to the European hinterland. Over the com
PIL (China) announces tender exercise for connecting carrier services Pacific International Lines (China) has announced the launch of its annual tender exercise for the provision of connecting carrier (barging) services. The tender covers the following regions in China: Tianjin, Qingdao, YRD, Shanghai, and Ningbo. This year's tender will apply to the period from 1 January 2026 to 31 December 2026. PIL (China) stated that existing suppliers and vendors are not requi
KLN advances Libya's WHPA Offshore energy project KLN Logistics Group Limited, through KLN Project, is driving major progress on Libya's Wellhead Platform A (WHPA) in the Bahr Essalam field. The project, worth over HK$10 billion, is one of the Mediterranean's largest offshore EPCI (Engineering, Procurement, Construction and Installation) developments. Mellitah Oil & Gas Company appointed KLN as consortium leader. The project began in early 2024
Diana Shipping locks in higher-rate deals for bulker brace Greek bulker owner Diana Shipping has locked in two of its vessels on fresh time charter contracts, extending its coverage into 2027. The New York-listed owner said it has secured a direct continuation for the 2007-built capesize Semirio with Solebay Shipping. The new deal will run from March 2026 at a daily rate of $21,650, ...
Flag-hopping hits extreme levels The monthly publication of Clarksons Research's World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow - or parallel - fleet, monthly changes in registry numbers have never been so extreme as this year. Latest ...
Exmar lines up Dutch FSRU deal Belgium's Exmar has teamed up with EemsEnergy Terminal, a Gasunie and Vopak joint venture, to extend the operation of the Eemshaven LNG import terminal beyond 2027. Under the agreement, the Antwerp-based gas shipowner and infrastructure provider will own and operate two floating storage and regasification units (FSRUs) with a combined capacity of about 190,000 cu ...
Monjasa named official NATO bunker provider Danish marine fuels supplier Monjasa has been awarded a contract to supply fuel to NATO forces, strengthening its position among the world's leading bunker providers. The NATO Support and Procurement Agency (NSPA) has selected Monjasa, following a tender launched last year. The deal covers fuel deliveries across five designated Areas of Operations. The framework agreement, ...
DOF secures one-year extensions for two vessels in Guyana Norwegian offshore vessel owner DOF has been awarded extensions for two of its multi-purpose support vessels (MPSV) operating in Guyana. The company said in an Oslo Bors filing that the contracts of the 2009-built Skandi Nomad and Skandi Constructor had been extended by one year each. Financial details were not revealed. Following the extensions, the ...
Transpetro launches tender for 36 inland vessels to expand fuel logistics Brazil's Transpetro has opened a public tender for the construction of 18 barges and 18 pusher tugs as part of its push into the country's inland fuel transport market. The Petrobras subsidiary launched the bidding round this week, aiming to boost its logistics capacity and diversify operations along Brazil's major river and coastal routes. Under ...
Sammok and Shanghai Changjiang order bulkers at Nantong Xiangyu South Korea's Sammok Shipping and China's Shanghai Changjiang Shipping have both chosen Nantong Xiangyu Shipbuilding & Offshore Engineering for new bulk carrier orders as they move to expand their fleets. Seoul-based Sammok has contracted two 63,800 dwt ultramaxes at the state-owned yard, marking the first collaboration between the two companies. The owner is currently listed ...
Vietnam gives go-ahead to 400MW offshore wind development Vietnamese authorities have greenlit the development of the VND 17.05trn ($648m) Ky Anh offshore wind farm. The project was granted a 50-year operational term from the date of receiving land and sea areas leased by the country. The Ky Anh offshore wind project, located off the coast of Ha Tinh province, will have a designed ...
Vantris Energy lands seven-year offshore services agreement with Aramco Malaysian offshore services company Vantris Energy, formerly known as Sapura Energy, has signed a long-term deal with Saudi giant Aramco. The company said in a Bursa Malaysia filing that the long-term agreement covers the provision of diving support vessels with crew, ROVs, and the deployment of highly skilled diving and technical personnel to support Aramco's ...
Ocean Winds sells stake in French offshore wind farm to Allianz for $232m Ocean Winds, a joint venture between EDP and Engie, has sold a minority stake in its îles d'Yeu et Noirmoutier offshore wind farm. The company sold a 20.25% stake in the 500MW offshore wind farm to Allianz Global Investors for an equity value of $232 million. The offshore wind farm, located in Vendée, France, consists ...
Trump's Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia's two biggest oil producers, Rosneft and Lukoil, in what he described as "tremendous sanctions" aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to redraw the global tanker trading map, with Bloomberg reporting Russian crude ...
Rising US deportations of Filipino crew spark diplomatic intervention The Philippines has demanded an explanation from Washington after a rising number of Filipino seafarers were reportedly denied entry to the United States and deported in recent months. In a statement issued on Tuesday, the Philippine Embassy in Washington, DC, said it had sought clarification from multiple US government agencies - including the State Department ...
Japan's shipbuilders seek $2.3bn injection to double output Japan's shipbuilders are mounting their most ambitious modernisation drive in decades, seeking a ¥350bn ($2.3bn) government-backed injection to double national shipbuilding output within 10 years. The plan, unveiled on Wednesday by the Shipbuilders' Association of Japan (SAJ) ahead of a meeting with the ruling Liberal Democratic Party (LDP), brings together 17 domestic companies including industr
How geopolitics is redrawing the world's shipping routes Globalisation isn't dead, but it's changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year's bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated than the headlines suggest. This will have important ...
Sanctions on Russia send tanker stock prices to one-year highs Whether new US sanctions can actually staunch Russia's oil exports remains to be seen, but stock traders are betting that...
'Furious' officials consider legal action after Greece and Cyprus break EU unity at IMO Greece and Cyprus last week made the unprecedented move to break EU bloc voting and abstain from the IMO vote...
Danaos makes first dry bulk investment for nearly two years Greek boxship owner emerges as buyer of 2009-built capesize
What on earth happens next? After the unexpected decision at the IMO to postpone a vote on its Net-Zero Framework, Lloyd's List hears from the...
'Tariffs and politics outweigh economics' in soyabean skirmish US soyabean exports to China have cratered as the two governments renew trade wars
Sudden jump in cost of insuring suezmaxes Premiums for tankers in size bracket up nearly 8% in just three months
Step change in Russia sanctions adds risk, rates and inefficiency to shipping Behind the immediate market implications of increased sanctions pressure on Russia, there is a step change in the targeting criteria...
Danske Rederier backs state marine war risk plan Great that it's happening but hopefully we'll never use it, says Danish shipowner trade association
Tanker values hold firm but have room for further rises Notable recent deals included Metrostar's sale of two four-year-old suezmaxes for $78m each and Landbridge's sale of scrubber-fitted VLCC pair...
London Club opens Shanghai office as clubs battle it out for China market share International Group affiliate sets up shop in free trade zone
Philippines embassy contacts US State Department over denial of entry for seafarers Nearly 90 Filipino seafarers have been reportedly deported by the US administration since January 2025
Samsung Heavy doubles operating profit by offshore project sales surge Third-quarter operating profit reached $165m, driven by a decrease in sales of low-priced vessels and an increase in sales of...
The Daily View: China's local bistro shipyard model
Daily Briefing Crude tankers firing on all cylinders as oil in transit soars | Why DP World built a 10,000 teu berth...
Knight-Swift combining LTL subsidiaries to form one carrier under ACT brand The combination of AAA Cooper Transportation, Midwest Motor Express and Dependable Highway Express covers the US LTL market coast-to-coast, except for the Northeast.
ACL weighs options after facing annual $35 million USTR port bill The New Jersey-based carrier believes its vessels should be treated as container ships given that 80% of their cargo is containerized, but a USTR designation that would classify the ships as vehicle carriers means the company faces hefty US port fees.
UP CEO pushing to file formal NS merger application by Dec. 1 Union Pacific's application seeking federal approval to acquire Norfolk Southern will be 4,000 pages long and provide the first detailed look at how the railroads believe customers would benefit from the $85 billion deal.
Rival Kuehne + Nagel circles DSV customers as ocean tender season nears Tender season is a time when shippers traditionally look to switch forwarders, so signing them to new contracts will be the real test of the DSV-DB Schenker integration, DSV CFO Michael Ebbe says.
No halt to rate declines on India-US trade amid tariff headwinds Average spot rates from West India to the US East Coast have dropped by $400 to $500 per container over the last three weeks, according to new data from freight forwarders.
Tanker stocks soar with oil price after Trump sanctions Russian oil majors Sector that has been shipping's best share performer on the year sees further gains in one big day
Delfin Midstream signs up with Samsung for first of its US-based FLNG units LNG export developer outlines plans to build out second and third floaters for offshore Louisiana facility
Chinese lender ICBC closes 'difficult' auction of 12 laid-up Bourbon vessels Ships were priced low on auction site due to costs of bringing them back into service
Heidmar boosts product tanker fleet with 'super-eco' LR newbuildings Greece-based operation adds Chinese-built vessels to its managed fleet
Who really owns US shipping stocks? Even the companies aren't sure US-listed shipowners face shareholder uncertainty in the wake of Chinese port fees
How Mexican drug gangs turned tankers into smuggling tools Investigation details how smugglers are taking delivery of product cargoes in tax dodge
Clarksons backs Nordic American Tankers for profit, dividend and fleet renewal Analysts believe owner is well placed for fleet renewal and share price growth
Tor Olav Troim's Bruton boosts big-shot investor list as it closes newbuilding deal Andes Shipping II has two tankers on order in China
EU tackles shadow fleet casualty conundrum as it sanctions 117 extra ships New package of measures includes targeting of LNG and leaves 557 vessels on the Brussels blacklist
Investors open up on why they stayed away from CMB.Tech bond issue Norwegian bond investors reveal details of discussions with shipowner around the aborted fundraising effort
Sanctioned Sovcomflot-linked tanker to ship Russian oil cargo into Syria Aframax Antarktika to transport Arco crude and gas condensate to Banias
Newbuilding activity propels very strong growth at class society Bureau Veritas Giant French group says classed fleet has grown 3% to more than 12,000 ships
Capesize bulker values soar to 17-year high as owners jostle for capacity in strong market With time-charter rates at year-high levels, S&P interest has been increasing, Veson Nautical says
Norwegian shipowner forges venture with Chinese private equity fund Thor Dahl Shipping sets up a shipowning partnership with Shanghai-based Tide Maritime Investment
Share of older container ships at highest level for half a century Years are needed to demolish up to 850 boxships, says analyst
VLCCs set to gain as new US sanctions put pressure on Russian crude exports Analysts expect increased inefficiencies in tanker markets
HMM and Hanwha team up to work on ammonia gas turbines for ships South Korean groups eyeing next generation of zero-carbon vessels
Indian refiners moving to shun Russian oil after Washington sanctions strike One major refiner is looking to 'recalibrate', while others review documents to ensure compliance with US measures
Golar wraps up 20-year charter with Argentina's Southern Energy on its next-up FLNG unit Company turning to growth opportunities after locking away its fleet for the next 20-plus years
Seatrium slapped with $475m arbitration notice by Maersk Offshore following newbuilding cancellation Financial impact from dispute highly dependent on outcome, says Seatrium
Huayuan Star back at Jiangsu Haitong to order methanol-ready bulkers Shanghai shipowner makes another expansion move
London Club opens new office to tap Chinese market Asian owners and operators represent large chunk of tonnage on the club's books
Shipyard pushing nuclear-powered vessels that can sail faster and carry more cargo HD KSOE targets faster, cleaner shipping with container vessel
South Korea should compete harder for VLCC and boxship newbuildings to regain market share Its focus on gas and offshore vessels has given Chinese rivals an edge, a trend that could potentially be reversed
CMB.Tech pulls plug on bond issue due to 'less favourable' market conditions Owner planned to issue a US dollar-denominated senior unsecured bond
Chinese shipbuilder inks $142m bulker order from domestic and South Korean owners Two shipowners behind fresh orders for bulker quartet
Viking Line CEO stepping down after 37 years with third-quarter profit in the bank New boss Marcus Risberg assumes position on 3 November
Diana Shipping continues winning streak with pay rises for capesize and panamax bulkers Greek owner extends charter with Solebay Shipping at higher rate, while also striking new agreement with CRC
US sanctions Russian oil giants Rosneft and Lukoil as Trump pushes to end the war Washington expresses hope that third countries will join in the measure
SEB shipping lending portfolio falls as CEO sees 'significant uncertainty' CEO says unsettled trade policies continue to hamper economic growth
Maersk Offshore files dispute over cancelled $475m Seatrium WTIV newbuild Financial impact from dispute highly dependent on outcome, says Seatrium
Container freight rate high likely to last till November Boost in rates is due to less capacity offered by carriers and blanked sailings
Huayuan Star back at Jiangsu Haitong to order methanol-ready bulkers Shanghai shipowner makes another expansion move at compatriot yard
Chinese shipbuilders gain upper hand over South Korean rivals after Net-Zero Framework failure Delay over regulation may slow orders for green vessels, allowing cheaper yards to benefit
UCL still sees stranded-asset risk for tankers and gas carriers even after IMO carbon delay Influential research team finds South Korean, Chinese and European banks and finance houses at risk
U.S. maritime revival a balancing act, says former FMC chairman The U.S. maritime industry faces challenges and opportunities in global trade and shipbuilding, the former chairman of the Federal Maritime Commission tells F3: The Future of Freight Festival.
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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