Thessaloniki port and the employees signed new collective labor agreement ThPA S.A. and the Federation of Greek Port Employees (OMYLE) signed a new Collective Labor Agreement on Wednesday, July 23, 2025. The agreement, which will remain in effect from 2025 to 2027, marks the successful conclusion of a constructive consultation process between the two parties. Apostolos Dallas, President of OMYLE, highlighted the significance of the agreement, stating, that the signing
Fr. Meyer's Sohn acquires South African freight forwarder GAC Laser Fr. Meyer's Sohn has announced the successful acquisition of South African freight forwarder GAC Laser International Logistics and its affiliated entities. This strategic move marks a major milestone in FMS's expansion into the African market. Founded in 2007, GAC Laser offers a wide array of logistics solutions including multimodal freight forwarding, warehousing, trucking, and project logistics
New Lloyd's Register method extends vessel fatigue life Lloyd's Register has rolled out a major update to its Fatigue Design Assessment (FDA) method, giving containership and gas carrier operators a welcome boost in predicted fatigue life, up to 15% in some cases. This is the first time LR has revised its global trading route data in more than a decade. The changes are based on 11 years' worth of real-world AIS tracking, offering a more accurate pictu
Tired of water? Take a road trip through the Emirates! How to prepare your car for a long trip The UAE has much more than its coastlines and waterways. You can take a road trip through the Emirates. Taking road trips opens doors to hidden delights most tourists miss. You get to explore desert landscapes, mountain peaks, and modern architecture. Each emirate has a distinct culture, architecture, and nature. With a rental car, you can unlock these experiences. Before any long drive, your car
From Cargo to Comfort: How to Get the Most Out of Dubai's Yacht Charter Dubai has grown from a trading port to a top tourism destination. The city's waters once only carried cargo ships and fishing boats. These very seas now play host to luxury yachts and lifetime adventures. Stunning skylines, perfect beaches, and vast waters are what modern Dubai has to offer. Over the years, more people now choose sea over land adventures. Visitors can use Dubai yacht rentals to e
Pilbara Ports delivers record throughput for sixth consecutive Year Pilbara Ports has achieved a major milestone, recording a total throughput of 775.7 million tonnes in the 2024-25 financial year, marking the sixth consecutive year of record-breaking volumes across its operations. This achievement spans the ports of Ashburton, Dampier, Port Hedland, and Varanus Island, and represents an estimated $153 billion in commodities moved, underscoring Pilbara Ports' vit
Oceanus12 becomes ASV Viper A major milestone in autonomous maritime operations is underway as the Oceanus12 uncrewed surface vessel leaves UK waters for Canada. Now renamed ASV Viper, the vessel is en route to join the operational fleet of Halifax-based Leeway Marine. The ASV Viper marks the first international deployment for ZeroUSV, and it's a big step for the company's global franchise model. Leeway Marine becomes ZeroU
ETS expansion risks undermining competitiveness of UK ports The UK Emissions Trading Scheme Authority has issued an interim response to the 2024 consultation on expanding the scheme to the maritime sector. The Authority confirmed it will proceed with plans to bring offshore vessels into the UK ETS ahead of the European Union's timeline an approach that may significantly increase the cost of using UK ports. While the stated goal is to align the UK and EU c
DP World Trade Finance mobilised record working capital DP World Trade Finance has successfully mobilised more than $1 billion in working capital for businesses across emerging markets, playing a crucial role in narrowing the global trade finance gap and ensuring the continuous flow of goods through some of the world's most economically challenging regions. This milestone was reached through a blend of DP World's in-house lending operations and strate
Rozenburg Lock enters second phase of renovation at the Rotterdam port The second phase of the major renovation of the Rozenburg Lock (Rozenburgsesluis) is now underway, setting the stage for the lock to be operated remotely for the first time in its history. Currently managed on-site 24/7 by lock keepers employed by the Port of Rotterdam Authority, the lock handles approximately 20,000 vessels each year highlighting its critical role in the port's inland shipping n
Could the Cambodia-Thailand conflict reshape Southeast Asia's shipping landscape A simmering border dispute between Cambodia and Thailand has exploded into open conflict, threatening to derail ambitious infrastructure projects and disrupt shipping flows across Southeast Asia. The armed clashes, which have already claimed civilian lives and sparked military air strikes, come at a precarious time for both nations just as they were poised to expand their roles in the global mari
Mixed dynamics in bunker indices Global bunker indices tracked by Marine Bunker Exchange (MABUX) displayed mixed dynamics. The 380 HSFO index edged down by US$1.04, and remained well below the US$500.00 threshold. The VLSFO index also saw a decline, falling by US#2.87 from US$558.38/MT to US#555.51/MT. In contrast, the MGO index rose by US#4.71. "The global bunker market was experiencing uneven fluctuations across indices, with
Q2 2025 Shipping Market Analysis The following report, was conducted by Dr. Michael Tsatsaronis, Assistant Professor at the Department of Port Management and Shipping, National and Kapodistrian University of Athens. The research team includes undergraduate and postgraduate students, as well as doctoral candidates from the department. This report provides a detailed examination of recent trends and developments in the shipping m
Blair Garcia joins HDR as Global Maritime Director HDR has appointed Blair Garcia as its new global maritime director. With over 30 years of experience, Garcia brings deep expertise to the role and a strong track record in port and intermodal rail projects around the world. He will lead HDR's maritime team from the firm's Virginia Beach office. His focus will include setting strategy, driving global business development, and supporting project de
2M Logistics and Gallozzi Group form strategic partnership 2M Logistics Holding B.V. has entered into a strategic business partnership with the Gallozzi Group. The agreement strengthens both companies' international reach and commercial cooperation. As part of the deal, 2M will represent GFLogisticsNL, the Gallozzi Group's Dutch logistics arm, in the Benelux region. "This partnership with the Gallozzi Group aligns perfectly with our international ambitio
Tariff-linked rerouting is redrawing the shipping map As geopolitical tensions rise, especially between the United States and China, shipping lines are quietly but strategically redrawing their maps. Vessels are being diverted away from tariff-targeted destinations and steered toward friendlier or more profitable waters. The result is a reshuffling of global trade corridors with significant implications for costs, transit times, and the future of gl
Livestock carrier fired upon near Yemen A Comoros-flagged livestock vessel came under fire Thursday in the Red Sea, according to British maritime security firm Ambrey, as reported by Reuters. The attackers, reportedly in a wooden boat, opened fire near the Hanish Islands-around 30 nautical miles northwest of Yemen's Mocha port. The vessel had been sailing from Bosaso, Somalia, to Jeddah, Saudi Arabia. Ambrey said the ship received inst
Hiab secures offshore wind crane deal Hiab has secured a major new deal to supply loader cranes for offshore wind projects in Europe, Asia, and North America. The company has signed a €23.5 million frame agreement to supply loader cranes for offshore wind farms. The deal runs for three years and extends through 2028. Deliveries will begin in early 2026 and continue into 2029. Orders will be booked starting in Q4 2025 and split across
CEVA Logistics launches TIR road transport center CEVA Logistics has officially opened a new 4,300-square-meter international road transport center in Alashankou, China. Located within the Cross-Border eCommerce Industrial Park of the city's Comprehensive Bonded Zone, the facility includes an additional 1,000 square meters dedicated to handling dangerous goods. This marks CEVA's first TIR hub designed to consolidate both inbound and outbound TIR
How to Sell Cryptocurrency Without KYC: Privacy-Focused Methods Privacy in the crypto world isn't just a feature - for many users, it's a fundamental principle. As governments worldwide tighten their grip on digital asset trading through increasingly strict regulations, finding ways to sell crypto without extensive identity checks has become something of an art form. Whether you're concerned about data breaches or simply prefer to keep your financial activiti
Maersk announces peak season surcharge from Asia Pacific to Africa Maersk has announced a revision to its peak season surcharge for shipments from various Asian origins to South Africa and Mauritius. The affected origins include China, Japan, South Korea, Hong Kong China, Taiwan China, Cambodia, Laos, Myanmar (Burma), Thailand, Vietnam, Indonesia, Malaysia, Philippines, and Singapore. The updated surcharge details are as follows: Effective from August 1, 2025, f
The death of the megaship? How fleet flexibility is rewriting container shipping's future For over a decade, the shipping industry was obsessed with size. The Ultra Large Container Vessel were dominant in global trade, but now, in 2025, the tide is turning. Recent data reveals a sharp slowdown in the commissioning of megaships. According to Financial Times only six vessels above 17,000 TEU are slated for delivery in 2025, down from 17 in 2020. On contrary, A rising preference for vess
SeaCube partners with Wonderful in Shafter SeaCube Cold Solutions (SCS) has partnered with The Wonderful Company to open its primary California depot in Shafter. The site will support SCS operations with reefer container storage, maintenance, and repair. The move strengthens SeaCube's footprint in the Southwest and marks a key step in expanding its cold storage network. Backed by over 30 years of experience through SeaCube Container Leasi
Zara founder buys 49% stake in PD Ports Brookfield stays on as long-term shareholder According to Reuters, billionaire Amancio Ortega has acquired a 49% stake in UK-based PD Ports through his investment firm, Pontegadea Inversiones. The remaining majority stake will stay with Brookfield Asset Management, which plans to continue as a long-term shareholder. Terms of the deal were not disclosed. PD Ports operates at 11 locations across th
Asia-Europe box volumes hit record high According to Japan International Freight Forwarders Association (JIFFA), container exports from Asia to Europe jumped 16% year-on-year in May, reaching 1.81 million TEUs. It's the third month in a row of growth and the highest monthly total ever recorded, according to the Japan Maritime Center. From January through May, total exports rose 10.5%, hitting 7.95 million TEUs. The increase came across
Bahamas Maritime Authority deepens regional engagement at Caribbean maritime forums The Bahamas Maritime Authority recently reinforced its leadership in regional maritime affairs by participating in two high-level forums: the 30th Session of the Caribbean Port State Control Committee and the 4th Caribbean Directors and Heads of Maritime Administrations Meeting. Both events were hosted in St. Lucia, bringing together representatives from Caribbean maritime authorities, internatio
Six new Bourbon vessels set to serve Eni's FLNG projects in Congo French offshore vessel player Bourbon has inked a five-year contract with Eni for the renewal of its crewboat fleet with an order for six new vessels. The contract covers the charter of six new S200X-G2 units, scheduled to be commissioned progressively between June and December 2026. The six new units will operate on the Eni ...
German firm seeks owners to help solve the 'silent killer' that is engine scuffing German condition monitoring solutions specialist CM Technologies (CMT) is seeking owners and operators to help it out in trials to capture data on one of the shipping industry's most costly and underreported problems: cylinder liner scuffing in two-stroke engines. Scuffing, a form of sudden severe wear, can result in catastrophic engine damage and vessel downtime. ...
CTM taps in-transit hull cleaning robots Monaco-based dry bulk pool giant C Transport Maritime (CTM) has invested in CRABI Robotics, a US-based startup developing an autonomous hull cleaning system aimed at tackling biofouling while ships remain in transit. The partnership will also see CTM serve as a pilot partner, helping the robotics firm bring its in-transit hull cleaning technology closer to ...
Livestock carrier comes under fire off Yemen The 49-year-old Comoros-flagged livestock carrier Merinos Livestock was approached today by a wooden boat approximately 35 nautical miles south-southwest of Hodeidah, Yemen, according to maritime security specialist Vanguard Tech. The captain reported that the small boat opened fire and instructed them to proceed to Mokha, Vanguard Tech related in an alert sent to clients. The ...
Yang Ming bolsters methanol-ready boxships newbuild series in Japan Taiwanese carrier Yang Ming Marine Transport has added to its methanol dual-fuel-ready 8,000 teu containership series with three newbuilds booked for construction at Japan's Nihon Shipyard. The deal, disclosed in a stock exchange filing, is worth between $351m and $394m, with delivery from the Imabari Shipbuilding-Japan Marine United joint venture yard scheduled between 2028 and ...
Russia temporarily halts Black Sea oil loadings amid sweeping port security crackdown Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels - a move poised to disrupt over 2% of global crude supply. The restriction, which took ...
Ignitis Renewables gets new chief executive Ignitis Group subsidiary Ignitis Renewables has appointed Frank Oomen as its new chief executive officer. Oomen is a senior executive with a strong track record in renewables with over 15 years of leadership experience in various energy companies, including BP, GroenLeven, Eneco Wind & Solar, and SSE Renewables. The new Ignitis Renewables CEO will be ...
US policy shift forces Equinor to book $1bn US offshore wind impairment Norwegian energy major Equinor has recorded a $995m impairment on its US offshore wind ventures, regardless of US president Donald Trump allowing the construction of the $5bn Empire Wind project to restart. Equinor said that the write-down was due to the removal of key investment tax credits for new renewable developments and growing uncertainty over ...
Teekay spends $64.5m on modern suezmax Tanker giant Teekay has turned from seller to buyer, interrupting a lucrative streak of vessel disposals with the acquisition of a rare modern suezmax tanker. According to Splash sources in the sale and purchase (S&P) market, Teekay is paying just under $64.5m for the 157,400 dwt Nordic Thunder, a 2017-built ship constructed by Hyundai Samho ...
Subsea 7 continues hot streak with new contract win Oslo-listed offshore contractor Subsea 7 has won a third contract in as many weeks. The project involves engineering and offshore installation of flexible pipes, umbilicals, subsea equipment, and a mooring system. Project management and engineering activities will begin immediately at Subsea 7's office in Houston, Texas, with offshore operations expected to start in 2027. The ...
Japanese shipbuilders ready to invest in American yards The US and Japan struck a new trade pact yesterday, cutting US tariffs on Japanese vehicles from 25% to 15%. In return, Japan pledged $550bn in US investments and a major goods purchase program. Contained in a factsheet handout from the White House is news that Japanese companies will invest in American commercial and defense ...
Big names back fuel reform drive in Europe's largest bunkering hub A group of major shipping and marine fuel companies has launched a self-regulatory initiative aimed at increasing transparency and trust in the bunkering process, starting in the Amsterdam-Rotterdam-Antwerp (ARA) region, the world's second-largest and Europe's largest bunkering hub. The Bunkering Services Initiative, backed by companies including Cargill, Frontline, Hafnia, Hapag-Lloyd, Mercuria,
Saipem and Subsea 7 sign merger deal to create offshore engineering powerhouse Italian offshore engineering and construction giant Saipem and offshore engineering and services player Subsea 7 have signed a binding merger agreement between the two companies. The terms and conditions of the merger are in line with an agreement in principle on the key terms of the merger signed on February 23, 2025. The merger deal ...
Clarksons moves into container FFA market with new derivatives desk UK-based shipbroking house Clarksons has expanded its derivatives arm with the launch of a dedicated desk for container freight forward agreements (FFAs), marking a significant move into a growing segment of the freight risk management market. The new container FFA desk will be led by Peter Stallion, who joins the London office with a strong ...
Hong Kong upgrades waterborne waste transport with new ships and cranes Hong Kong is giving its maritime waste disposal system a significant overhaul, with new vessels and cranes on the way to modernise the city's containerised garbage transport network. Chinese equipment giant Shanghai Zhenhua Heavy Industries Company (ZPMC) has shipped four specialised ship-to-shore gantry cranes to Hong Kong, designed to support the city's unique waterborne waste ...
Rethinking shipping's systems to unlock a sustainable blue economy Matthieu de Tugny, executive vice president at Bureau Veritas, has a new book out called Toward a sustainable blue economy, which addresses the complex challenges that the industry currently faces in its pursuit of more sustainable operations, whilst also looking at the need for industry-wide transformation in how we finance, fuel and operate the global ...
EU import ban on Russian gas unlikely to work, report finds EU plans to ban imports of Russian gas create legal risks for buyers, will raise costs, and could worsen tensions...
Livestock carrier detained in Red Sea by Yemeni Coast Guard after shots fired A livestock carrier has been detained by the Yemeni Coast Guard and ordered to change course towards the port of...
AAL navigates volatile project cargo markets as it plans next-generation newbuildings The key discussions for AAL's future newbuilding projects will be around vessel propulsion systems and fuel types
Vessel insurance costs little changed on a year ago Baltic Investor Indices data may vindicate claims of softening H&M rates
Brookfield sells 49% stake in PD Ports Teesside-based port company has new Spanish shareholder
Shipping giants form self-regulating bunker initiative Names such as Hafnia, BW, Hapag-Lloyd and Cargill have joined the scheme, which will be monitored by Lloyd's Register
Hanwha Ocean secures major wage deal as HD HHI faces setback Despite the rejection of the tentative agreement at HD HHI, the union has indicated there are no plans for strike...
Yang Ming advances fleet renewal with boxship trio from Japan's Imabari Latest conventional-fuel newbuildings are due to be delivered in 2028 and 2029
Opportunistic Chinese carrier targets premium cargo with direct Arctic route to Europe Sea Legend, a fast-growing Chinese carrier known for bold market moves, will launch an 18-day direct Arctic route from China...
The Daily View: The immutable laws of sanctions
Daily Briefing Over 50 shadow fleet ships are spoofing off Malaysia's sanctioned oil transfer hub monthly | Comoros accuses EU-sanctioned ship register...
CMA CGM reflags vessel in first move to boost size of US fleet The carrier announced in March it would spend $20 billion over the next four years to significantly bolster its logistics presence in the US, including expanding its US-flag fleet and increasing capacity at key US ports.
MSC to launch new USEC-Oceania weekly service in February Volumes from Oceania to the US East Coast have grown steadily during the past five years, with this June recording the most imports ever for a single month.
UP confirms in 'advanced discussions' on deal with Norfolk Southern Any tie-up between the two railroads would be classified as a "major transaction" under US Surface Transportation Board regulations and subject to a rigorous review that could take two to three years.
Post-tariff foreign currency headwinds hit Kuehne + Nagel's H1, Q2 profit The negative foreign exchange effects were most noticeable in the forwarder's US dollar-denominated ocean freight business where earnings fell sharply in the second quarter.
India-Europe rates strengthen on peak season space demand, capacity cuts Local freight forwarders have reported rate increases in the range of $300 to $500 per FEU month on month and expect further slight gains if the pace of demand remains steady.
Capesize spot rates jump 14% in a day to reach the highest level this year Short and swift take-off in spot rates comes in spite of weak global steel production figures
Houthis said to be holding 11 crew members of sunken, Greek-owned bulker Information suggests that death toll from Eternity C did not exceed four people
Chile shipowner CMC linked to profitable chemical tanker sale Japanese buyer also said to have taken advantage of demand for stainless steel ships
Offshore giant Bourbon ordering six ships in wake of restructuring Crew transfer vessels will support Italian group's FLNGs off Congo
Shots fired as ship 'detained by Yemeni Coast Guard' in Red Sea Vessel approached by small wooden boat in transit past Hanish Islands
When should investors pull the trigger on their next big tanker investments? This week's Streetwise takes a first look at second-quarter earnings season and how it will swing tanker stocks
Kremlin's sanctioned shadow fleet stands at over 1,500 ships, Clarksons says West has designated hundreds of vessels since Ukraine war began
World's largest marine insurer warns GPS jamming is causing groundings and costly disputes Gard says it has identified shipping disputes from rising signal jamming problems
Evangelos Marinakis joins feeder ship order frenzy with double deal in South Korea Capital Maritime now has 10 ships in the category being built at HD Hyundai Mipo
Russia-trading tankers facing Putin ban on petrol exports Broker BRS says measure will seek to manage domestic supply
Product tanker investors could be in the money come autumn, says Jefferies Product tanker stocks have underperformed their crude counterparts, says Omar Nokta
Liner giants MSC and CMA CGM hunt multibillion-dollar feeder haul The pair are seeking ships ranging between 1,000 teu and 6,000 teu
'Cash-only': Mining deal to help fund shipowning move for bulker operator CEO says outfit plans to make hires and book newbuildings in the future
Greece sends giant offshore salvage vessel to Red Sea after deadly Houthi attacks Sinking of two Greek-owned ships highlighted the lack of rescue capacity in the area
HD Hyundai yard pockets $114m order for two feeder container ships Duo scheduled to deliver in second half of 2027
Yang Ming Marine spree hits $1.7bn with order in Japan Orders to drive fleet renewal and competitiveness
US copper shortage ahead as bulkers race to beat tariffs Swire Bulk vessel switches destination to Honolulu to deliver by 1 August deadline
Tanker and offshore vessel collide in Germany as authorities battle oil spill Capella and Coastal Legend clashed in Cuxhaven
Kristian Siem inches closer to combining Subsea 7 with Saipem Offshore engineering tie-up still on track to close next year
'Whatever it takes': Hedge fund seizes six vessels in battle for control of Eletson Vessels arrested despite alleged evasion attempts that included spoofing
Navigator ship becomes first to dock at Enterprise's new gas export terminal Fixture suggests facility is up and running in Texas
MISC floats two 30-year-old LNG steam turbine ships for sale Moves to shed elderly tonnage gathers pace as Malaysian owner adds duo to list
China remains largest importer of LPG, with US as biggest source LPG market on an upswing, with exports and imports rising steadily over the past three years, says Banchero Costa
Kawa Shipping flips small feeder container ship for big profit Owners are selling a vessel acquired only a year earlier
Best Oasis teams up with Japanese shipowners on recycling venture Company aims to target Japan's regional shipowners looking to recycle their ships
Alaska Airlines gains cargo momentum from Hawaiian integration Widebody aircraft received in the Hawaiian Airlines acquisition have allowed Alaska Airlines to increase domestic and international cargo capacity and cargo revenue as the company continues to integrate the two operations.
NATO warns ports vulnerable to 'unprecedented' cyber threats NATO is warning ports are under unprecedented threat from attacks that threaten global trade and defense logistics.
DOT ignores air cargo infrastructure needs, study says The Government Accountability Office has documented outdated warehouse and road infrastructure at U.S. airports, but says the Department of Transportation has failed to monitor the situation or consider policy prescriptions.
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