VIDEO: Sean Duffy addresses USMMA Class of 2025 "It truly is an honor to be here today and celebrate some of America's strongest, finest, and best-looking graduates our great country has to offer," U.S. Transportation Secretary Sean P. Duffy said
Zodiac Maritime: Morning Midas has sunk in international waters Another car carrier has become a major casualty following a fire involving electric vehicles. London-based Zodiac Maritime reports that its managed vessel Morning Midas has now sunk in international waters. The vessel
Maritime Partners closes sale and leaseback refinancing of the Sea Change Marking its entry into the ferry sector, Jones Act focused financing solutions specialist Maritime Partners LLC has closed a sale and leaseback refinancing of the hydrogen-fueled passenger ferry Sea Change, developed by
Top 1 Best Assignment Writing Service, 100% USA ENL Writers Many college and graduate students ask, where can I get someone to pay for assignment help? Well, I have done a thorough review of the best assignment helpers in the US and I have come to a conclusion: Coursepivot.com is the leading website to ask someone to do my assignment for you in the US . What makes Coursepivot the best assignment help service in the world? The guarantee that the assignment
Hanseatic Global Terminals to rebrand SAAM Operations in Latin America Hanseatic Global Terminals (HGT) announced that its subsidiary, SAAM Terminals, will officially rebrand under the HGT name effective 1 August 2025. As part of this transition, SAAM Terminals will become HGT's regional office for Latin America. The rebranding will also extend to SAAM Logistics and SAAM Extraportuarios, which will be integrated into HGT's Inland Services division. This rebranding i
Fire-ravaged Morning Midas sinks under tow Morning Midas, the car carrier that caught fire on 3 June, sank in the Pacific Ocean in the afternoon (UK time) on 23 June, while the ship was towed. Owner Zodiac Maritime Agencies said today (24 June) that the salvors from Resolve Marine reported that the 2006-built Morning Midas sank in the northern part of the ocean around 4.35pm UK time. UK-based Zodiac said: "Damage caused by the fire, compo
Port Houston posts steady growth in May Port Houston recorded another month of steady performance in May 2025, handling 381,640 TEUs, marking a 5% year-over-year increase. Year-to-date, the port has processed 1,837,813 TEUs, a 4% rise compared to the same period last year. Container trade remained balanced, with both loaded imports and exports up 1% for the month. Outside of container traffic, general cargo volumes increased 12%, while
Kalmar appoints new Senior Vice President in Human Resources Kalmar Corporation has announced the appointment of Hanna Reijonen as Senior Vice President, Human Resources, effective 6 October 2025. She will also join the Kalmar Leadership Team and report directly to President & CEO Sami Niiranen. Reijonen brings extensive experience in HR leadership, most recently serving as SVP of HR and a member of the Group Leadership Team at Enersense International. In
DHL supply chain North America appoints new CEO DHL Group has announced that Mark Kunar has been appointed CEO of DHL Supply Chain North America, effective immediately. He succeeds Patrick Kelleher, who has stepped down from the role. Kunar will report directly to Oscar de Bok, CEO of DHL Supply Chain. Mark Kunar began his career at DHL Supply Chain in 1996 as a Financial Analyst and has held a range of operational, financial, commercial, and
EuroHoldings announces share transfer to Marla Investments EuroHoldings has announced the sale of 51.04% of its outstanding common shares to Marla Investments. The transaction was completed through a Stock Purchase Agreement with certain members of the Pittas family, who retain a 7.6% ownership stake following the deal. As part of the agreement, EuroHoldings has committed to a series of undertakings, including amending its Shareholders' Rights Plan to pe
Australia inaugurates new maritime investment strategy Australia's recent announcement of A$204 million in port investments, outlined in Western Australia's 2025-2026 State Budget, signals a calculated move to fortify its maritime infrastructure amidst a rapidly evolving Indo-Pacific geopolitical landscape. This strategy reflects Australia's broader ambition to enhance trade resilience, project economic sovereignty, and assert strategic relevance in
Shipowners boost capacity of existing vessels Upgrading the capacity of existing ships remains a popular strategy among major shipowners, in addition to newbuilding programs. At least three significant retrofitting projects are currently underway or have recently been completed: MSC is enhancing its "MSC Oskar" class vessels, increasing capacity from 19,224 TEU to 20,100 TEU by raising the lashing bridges, allowing for additional deck-stowed
Norway to build seven electrically-powered vessels Eitzen Group will develop two fully electric 850 TEU feeder vessels with backing from Norway's state decarbonization agency Enova. Each vessel will be equipped with battery packs exceeding 100 MWh. In total, Enova plans to support the construction of seven electric vessels and the installation of charging infrastructure at four ports, providing US$ 31.6 million in subsidies to advance the country
Shanghai Minsheng orders two new vessels Shanghai Minsheng Shipping has placed an order for two 1,100 TEU container ships with New Dayang Shipyard. The vessels are scheduled for delivery in September and December 2027, respectively. If you liked this post, please consider donating The post appeared first on Container News .
Malaysian ports record growth in Q1 2025 In the first quarter of 2025, Malaysian ports handled a total of 7.70 million TEUs, marking a 6% year-on-year increase. Source: DynaLiners The strongest performance came from Tanjung Pelepas, Maersk's key hub, which saw an impressive 11% growth. In comparison, Port Kelang recorded a more modest 2% rise. If you liked this post, please consider donating The post appeared first on Container News .
New terminal equipment en route to Abidjan Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) has shipped two ship-to-shore gantry cranes and nine rubber-tyred gantry cranes to the Côte d'Ivoire Terminal in Abidjan. The terminal is operated by a joint venture between APM Terminals and MSC's Africa Global Logistics. The new gantry cranes feature an outreach of 66 metres, equivalent to 23 container rows, boosting the terminal's handling cap
APM Terminals opens second mega berth at Valencia APM Terminals Valencia has officially opened its second mega berth at the TCV Multipurpose Terminal, following the installation of two new cranes delivered and assembled earlier this year. With this upgrade, the terminal can now simultaneously handle two of the world's largest containerships, significantly enhancing its operational capacity. If you liked this post, please consider donating The po
CoscoSL and X-Press Feeders strengthen strategic partnership CoscoSL and X-Press Feeders have signed two new agreements aimed at deepening their collaboration. Firstly, the two companies will explore joint opportunities to enhance feeder services across key regions, including Asia, the Middle East, the Mediterranean, Northern Europe, and Latin America. Secondly, they have entered into a leasing agreement that grants CoscoSL the first option to charter newb
Hutchison Ports Terminal sale progresses amid scrutiny The ongoing sale of Hutchison Ports' overseas terminals to a consortium comprising MSC/TIL and BlackRock/GIP continues to evolve. With the 145-day exclusivity period set to expire by the end of July, the deal faces pushback from China, where authorities remain dissatisfied with the agreement. Separately, Hutchison Ports plans to divest its two Panamanian terminals Balboa and Cristobal to the same
Latsco in for Huangpu Wenchong boxship brace Greece's Latsco Shipping is expanding its footprint in the containership sector with newbuildings in China. Shipbuilding sources in Greece have linked the Paris Kassidokostas-Latsis-led diversified owner, traditionally linked to tankers and gas carriers, to a deal for two 1,900 teu vessels at Huangpu Wenchong. The CSSC-affiliated yard is scheduled to deliver the duo in 2027 ...
Unclear ceasefire deal adds to uncertainty in Middle Eastern waters Ships are treading warily through the Gulf today, with sky-high tanker rates, as a brief truce between warring factions Israel and Iran looks to have fallen apart. Shortly after midnight, US president Donald Trump announced that Israel and Iran had agreed to a ceasefire, claiming an end to what he described as the 12-day war. ...
Louis Dreyfus to reopen grain export terminal in Indiana Rotterdam-based agribusiness Louis Dreyfus Company (LDC) has been chosen by Ports of Indiana to operate the grain export terminal at Burns Harbor, located on the southern shore of Lake Michigan. Under the agreement, LDC will reopen the idled terminal in early 2026. Originally built by Cargill in 1979, the facility was shut down in 2023 ...
Formosa Plastics contracts product tanker newbuilds in China Formosa Plastics Marine Corporation (FPMC) is bolstering its product tanker fleet by commissioning four MR newbuilds from a Chinese shipyard. The shipping unit of Taiwan's Formosa Plastics Group has contracted CSSC Guangzhou Shipyard International (GSI) for the 50,000 dwt units, paying around $48m per vessel. The tankers will, according to shipbuilding sources, be conventionally fuelled, ...
US oil and gas service provider enters decommissioning sector Houston-based oil and gas service provider CAM Integrated Solutions has made an official entry into the offshore decommissioning market. CAM's new decommissioning division will provide clients with turnkey solutions that ensure efficient and environmentally responsible retirement of offshore facilities, which are tailored to the clients' standard operating procedures. By integrating decommissioni
Abandoned wells in US spark call for drilling rights ban Environmental groups have petitioned the US government to prevent energy companies that neglect old well sites from getting new offshore drilling rights. The petition was signed by the Centre for Biological Diversity, Bayou City Waterkeeper, Healthy Gulf, Louisiana Bucket Brigade, and the Turtle Island Restoration Network. They made it clear that timely decommissioning is a ...
Fire-damaged Morning Midas car carrier sinks The salvors, Resolve Marine, have reported that the Morning Midas car carrier sank in international waters in the North Pacific, following a fire that broke out onboard on June 3. Damage caused by the fire, compounded by heavy weather and subsequent water ingress, caused the Morning Midas to sink at around 16.35 local time zone ...
SBM Offshore engineers released from prison in Equatorial Guinea Two SBM Offshore engineers, detained for more than two years in Equatorial Guinea, have returned home over the weekend after receiving a presidential pardon. The two engineers, Frik Potgieter and Peter Huxham of South Africa, were arrested in February 2023 under drug trafficking charges. The two had been working in Equatorial Guinea for more than ...
The way of the seafarer Star Wars fan Steven Jones, founder of the Seafarers Happiness Index, writes for Splash on 2025's International Day of the Seafarer, channelling his inner Mandalorian. On this International Day of the Seafarer, we celebrate an extraordinary tribe among us, a small, resilient band of individuals who, much like the fictional Mandalorians of Star Wars lore, ...
Norway identifies four more offshore wind development sites Norwegian authorities have identified four additional areas suitable for offshore wind development. The government is currently conducting consultations on the findings before deciding which area it would proceed with. The country plans to open enough acreage by 2040 to allow for the development of 30GW of offshore wind projects, increasing its capacity by around 75%. ...
d'Amico International Shipping sells two 2011-built tankers d'Amico International Shipping (DIS) has announced the sale of two of its oldest MR product tankers-Glenda Melody and Glenda Melissa. The vessels, both 47,200 dwt and built in 2011 by Hyundai Mipo Dockyard in South Korea, have been sold to undisclosed buyers for a combined consideration of $36.3m. Delivery of the Glenda Melody is expected ...
Hamburg port boss to step down After nine years at the helm of the company, CEO Angela Titzrath will leave Hamburger Hafen und Logistik (HHLA) by the end of this year at the latest. The search for a successor to the CEO has already begun. As of November last year, Mediterranean Shipping Co (MSC), the world's largest containerline, came in with ...
Aristides Pittas sells majority stake in EuroHoldings to Latsis-linked Marla Investments EuroHoldings, the NASDAQ-listed container shipping company spun off from Euroseas earlier this year, has announced a change in ownership following the sale of 51.04% of its outstanding common shares to Marla Investments, an entity affiliated with Greece's Latsis family. The shares were sold by members of the Pittas family, EuroHoldings' founding shareholders, for $12.90 per ...
The Captain's Table launches 2025 startup competition The Captain's Table, the premier maritime technology innovation platform, today announced the opening of its sixth annual maritime innovation pitch challenge, with the finals set to be televised live from Hong Kong on Splash on November 20. The competition welcomes both hardware and software solutions applicable across port, ship, shore, and integrated logistics environments. The ...
Tanker stocks sink to pre-conflict levels despite continued spot-rate strength Shares of tanker stocks have now done a 'round trip'. They're all the way back to where they started, prior...
Box carriers maintain Israeli port calls amid escalating Iran tensions Despite growing security concerns linked to Israel's confrontation with Iran, major container lines have continued to call at Israeli ports...
Gard not fooled by randomness, Roppestad insists The chief executive at the world's largest marine insurer is a big fan of Nassim Nicholas Taleb
Pacific Basin chief calls for polluter penalties over green incentives Industry leaders highlight the urgent need for bridging the gap between fossil and green fuels, while others warn of the...
How to insure nuclear ships? Nuclear power advocate Mikal Boe has sketched a path to one day insuring ships powered by new nuclear technology
Hormuz disruption could unplug Gulf ports from global trade With the Israel-Iran conflict raising the possibility of the Strait of Hormuz's closure, analysts warn of cascading disruptions to regional...
Boxship tonnage providers seek longer periods as tonnage famine continues Relatively few ships were fixed in the past week as tonnage availability reduced
Gulf war risk premiums double but softening now expected Hectic two days as underwriters attempt to second guess twists of Middle East hostilities
RSGT awarded four terminal concessions on Red Sea coast Red Sea Gateway Terminal said it will invest at least $418m over its 20-year concession period and $180m in the...
Flex LNG confirms Oslo delisting Most of the daily trading volume of FlexLNG shares takes place on the New York Stock Exchange, the company said...
Morning Midas sinks in Pacific Sinking marks the ninth total loss of a car carrier in 10 years. Loss of 2006-built Morning Midas in waters of 5,000...
The Daily View: Quiet before the storm?
CSSC completes world's first ship-to-ship LCO2 transfer at Shanghai Chinese firm is accelerating decarbonisation efforts as IMO's net zero rules tighten
South Korea and US deepen shipbuilding ties with launch of education exchange programme The initiative underscores growing bilateral efforts to foster innovation and talent development as the US and South Korea seek to...
Tanker stocks plunge after Trump's ceasefire message Analysts warn that while easing conflict could lower VLCC spot rates, any renewed escalation - especially disruptions in the Strait...
Daily Briefing Caution, U-turns and rising rates, but tanker traffic continues largely unscathed for now | China orders fleet to report Hormuz...
FMC's Sola to leave agency months after being elevated to chairman's slot In a statement posted on the FMC's website, Sola said his last day at the agency would be June 30 and did not give a reason for his departure.
Quick-hit, tariff-driven import surge on tap for US West Coast ports The surge, however brief, will nonetheless be a welcome boost in business for the ports after a lackluster May and early June.
Indian exporters face overweight box surcharges as carriers push scalability CMA CGM, Maersk, MSC and Cosco are among mainliners charging add-ons on overweight containers.
Rate dumping fears emerge as Chinese ro/ro operators eye European expansion Global vehicle carriers are set to feel the sting of a growing Chinese-operated ro/ro fleet amid a fight for international car cargoes.
US-listed tanker stocks fall again as fragile ceasefire holds Oil prices also plunge again, while broader markets firm on peace initiative
Performance Shipping secures new Greek loan to push back debt maturities to 2030 Athens-based tanker owner cements its relations with the local Hellenic banking scene
Cheniere green-lights Corpus Christi LNG expansion, set to boost production to over 60 mtpa US company could increase its output to 75 mtpa by 2030 with further planned expansions
Hundreds of deaths and injuries a year tied to confined spaces on ships, new research reveals Study calls for upgrade of charterparty terms to add extra safety element for seafarers and shore-based workers
Argentina's YPF lines up $1.7bn loan to build new pipeline for VLCC exports Consortium for export outlet includes Chevron and Shell
'Grey fleet' tanker ships out Syria's first export cargo since fall of Assad Broker BRS says exports have resumed under US sanctions waivers
Greece's Evalend Shipping emerges as owner of suezmax tankers ordered at HD Hyundai Samho Company has built up orderbook of 37 newbuildings worth more than $3bn
Bureau Veritas boss Matthieu de Tugny tackles shipping's energy transition in new book Green finance, pollution, future fuels and cross-sector collaboration come under the microscope in French expert's second opus
Key bodies team up to advance push for LNG supply chain emissions cut roadmap New IEA report details how CO2 and methane could be cut using existing technologies
Yasa Holding tied to VLCC buy in string of secondhand deals Batch of reported transactions includes a crude carrier purchase from South Korea's SK Shipping
Iranian attack on US base in Qatar appears to fizzle Iran claims six missiles landed, but Qataris say attack fully intercepted with no injuries
Minerva Marine VLCC deal fails at above $100,000 as chaos reigns in Middle East Gulf Kuwait Petroleum had agreed to pay new benchmark rate for the Zourva as rates continue to rise
Saudi prince aims to go global with new bunkering operation Eleven Energy Experienced executive Chris Todd brought in to run new operation
Blaze-hit Zodiac Maritime-managed car carrier sinks in the Pacific Salvors unable to save Morning Midas off Alaska
Fragile ceasefire deal breaks down as Iran continues strikes on Israel Israel initially said its goals in attacking Iran were achieved
Frontline stock plummets in wake of Iran-Israel ceasefire VLCC rates to come down if ceasefire holds, ABG Sundal Collier says
Safety fears underpin Middle East shipping insurance premium amid 'fragile' peace Iran and Israel agree to end missile strikes, but tensions remain high, analysts warn
Minerva Marine VLCC smashes $100,000 barrier for Gulf loading as owners prove 'difficult audience' Kuwait Petroleum pays new benchmark rate for the Zourva as rates continue to rise
Ship damaged after losing control in Suez Canal and colliding with quay Steering failure blamed for incident during northern convoy
Chinese shipowners on the hunt for cheap supramax bulkers Owners have spent about $350m on older supramaxes so far this year
Tanker stock gains reverse and oil sinks after Iran's limited response Hope grows for containment of Middle East conflict as broader markets rise
Donald Trump announces Israel-Iran ceasefire, but situation remains unclear Tension still on the ground as Israeli's told to seek shelter after ceasefire deadline passes
Chinese shipowners on the hunt for cheap supramaxes Chinese owners have spent about $350m on older supramaxes so far this year
Ghassan Ghandour bulker sails across to Greece's Technomar The Alpha spent several months under arrest in Singapore before being sold
New Zealand charges state shipowner over safety violations after ropax grounding Maritime NZ said KiwiRail failed to keep passengers safe while on board the Aratere
Vietnamese state-owned Petrovietnam eyes secondhand deals for 24 tankers and VLGCs Energy company, which owns shipping unit PV Trans, is planning fleet expansion in 2025
Indonesian energy giant powers ahead with $8bn fleet roll-out and big gas plans under new CEO Pertamina International Shipping is also looking to open more branches in key locations
Latsis clan makes landfall in US public markets with EuroHoldings buyout Greek family's Marla Investments buys 51% of Pittas-founded boxship venture
FedEx retires a dozen freighter aircraft in efficiency move FedEx has permanently parked 12 cargo jets as it aligns the fleet with shipping volumes to control costs.
US maritime chief Sola steps down Trump appointee Louis Sola is stepping down as Federal Maritime Commission chairman after less than six months on the job.
How Fred Smith built FedEx into the world's largest cargo airline FedEx founder Fred Smith is being remembered as a legend in the freight transportation industry after his death on Saturday. Former FedEx employees have many stories about how Smith built the FedEx airline from scratch.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
