NYSERDA awards SWITCH $2M for 150-passenger design develoment New York State has awarded SWITCH Maritime LLC $2 million to develop and demonstrate a 150-passenger vessel that will be New York's first hydrogen fuel cell-electric ferry to provide zero-emission transportation on
MSC expands Koala service to Melbourne MSC will extend its China-Indonesia-Australia Koala service to include Melbourne, further strengthening its presence in the Australia-Asia trade. The carrier will also increase the number of ships deployed on the service from six to seven, with an average capacity of 3,000 TEU. The updated route will call at Shanghai, Hong Kong, Jakarta, Fremantle, Adelaide, Jakarta, and back to Shanghai. This ad
CMA CGM expands and updates NEFWI Service As DynaLiners reported, CMA CGM will update its North Europe-Caribbean NEFWI service starting in November. The carrier will add a new port, Puerto Antioquia in Colombia, near Turbo, to the rotation. Two months later, Montoir will be replaced with Rotterdam. The service will also increase from six to seven ships. In addition, CMA CGM will launch a feeder loop connecting Pointe-a-Pitre with Guatema
Maersk exits direct U.S.-South Africa route Maersk will withdraw from the direct U.S.-South Africa trade lane. The move follows MSC's exit from the joint U.S.-South Africa/AMEX service. MSC is launching its standalone USA-West Africa-South Africa Express (USWASA). Maersk will now rely on transshipment. Cargo is expected to move via Tangier and Algeciras instead of direct sailings. Shippers will need to adjust. Transit times may increase sl
Union of Greek Shipowners releases 2024-2025 annual report The Union of Greek Shipowners (UGS) has published its 2024-2025 Annual Report, presenting detailed statistics and insights on the Greek fleet and its role in the global, European, and national economy. According to the report, Greek shipping remains a global leader with 5,700 vessels, representing 20% of the world fleet and 61% of the European Union fleet. The report highlights Greek shipowners'
UAFL launches new India/Middle East-East Africa service According to DynaLiners , Mapou, Mauritius-based United Africa Feeder Lines (UAFL) has announced a new service connecting India, the Middle East, and East Africa. The route is called the Horn of Africa Express (HAX). Details on vessel deployment and sailing frequency have not yet been released. The service will call at four key ports: Nhava Sheva in India, Jebel Ali in the UAE, and Djibouti and B
Luka Koper posts strong first-half 2025 Luka Koper Group delivered a solid performance in the first half of 2025, surpassing key financial targets despite a turbulent global trade environment. The port operator reported net sales revenue of EUR 187.7 million, up 15% year-on-year and 11% above plan, while total cargo throughput edged up 1% to 11.4 million tons. Container volumes led the growth, rising 14% to 623,731 TEUs, driven by new
Contecon Manzanillo welcomes WAN HAI's Asia-South America service Contecon Manzanillo, International Container Terminal Services, Inc.'s (ICTSI) operation in the Port of Manzanillo, has boosted its global connectivity with the launch of WAN HAI Lines' Asia-South America West Coast 2 (WSA2) service. The service made its first call on August 11 with the arrival of the WAN HAI A16 . Also known as the Asia-South America (ASA) service, WSA2 is jointly operated by Pa
Maersk cuts WAF7 service stops According to DynaLiners , Maersk will remove seasonal calls at Cotonou and Ngqura from its WAF7 route. The change is part of the Gibraltar Straits-West Africa service update. Deployment will drop from seven to five ships, each around 2,500 TEU. The vessels will now sail Tangier, Algeciras, Freetown, Conakry, and back to Tangier. Maersk says the adjustment will improve schedule reliability and opt
HMM announces revised MD2 and new KMP services HMM has announced a restructuring of its services with the launch of the Mediterranean Service 2 (MD2) and the Korea Middle East - Pacific South (KMP) service. The Asia-Mediterranean segment of the current MP2 service will become a standalone loop under the new MD2 name, while the Transpacific segment will be integrated into the Korea Middle East Express (KME) to form the KMP service. The MD2 ser
Meratus expands fleet with two new 700 TEU ships As DynaLiners reported, Indonesian carrier Meratus is boosting its regional capacity. The Surabaya-based domestic and intra-Asia line has ordered two additional 700 TEU ships from CSSC Guangxi Shipbuilding and Offshore Engineering. These vessels join eight previously ordered of the same design, with four already delivered. The new ships are scheduled for completion in 2027. Meratus operates mainl
ICTSI takes over Batam's Batu Ampar Terminal International Container Terminal Services, Inc. (ICTSI) has taken control of operations at the Batu Ampar Container Terminal in Batam through a 30-year concession. The deal is managed under PT Batu Ampar Container Terminal, a joint venture between ICTSI (75%) and state-owned PT Interport Sarana Infrastruktur (25%). The facility has a quay line stretching 1,032 meters. It was recently upgraded wit
Container ships to pay more than $400m in FuelEU penalties Emissions from container vessels transiting to and from Europe will incur more than $400 million in FuelEU penalties according to a study Finnish shipmanager Ahti Climate. Results from the study showed that total emissions into and out of the EU, measured at 50% of the total increased to 146 million tonnes for all vessel operators and including journeys that began and ended in the US, Africa and
Newbuilding moves: Ningbo Ocean and Evergreen expand fleets According to DynaLiners , Ningbo Ocean has confirmed an order for four 4,300 TEU containerships from Guangzhou Wenchong Shipyard. The deal had been anticipated as part of the carrier's fleet expansion strategy. The new vessels are due for delivery in 2029 and will strengthen Ningbo Ocean's mid-size segment. The order comes at a time when regional and global carriers are looking to modernize fleet
Leadership change at South Carolina Ports South Carolina Ports Authority (SC Ports) has announced a leadership transition. President and CEO Barbara Melvin has stepped down after three years in the top role. Melvin, who joined SC Ports in 1998, played a key role in major infrastructure projects, including the Charleston Harbor Deepening. She also oversaw the reopening of the Leatherman Terminal. "I am grateful for the opportunity to have
SAAM Towage Uruguay offsets entire carbon footprint SAAM Towage Uruguay has achieved a major sustainability milestone. The company fully neutralized its 2024 carbon footprint in the country by offsetting 100% of its Scope 1 emissions. The operator verified the removal of 6,130 verified carbon units (VCUs), acquired through the Montes del Este forestry project in central-eastern Uruguay. The project, part of the Verified Carbon Standard program, pl
Etihad Cargo expands winter Belly-Hold capacity Etihad Cargo, the cargo and logistics arm of Etihad Airways, has announced a major expansion to its winter schedule, significantly increasing belly-hold cargo capacity and enhancing connectivity across its global network. The updated schedule introduces new routes to Hanoi, Hong Kong and Taipei, further strengthening the carrier's presence in Asia and providing greater access to some of the world
DCLI opens dedicated chassis area at Port Houston Direct ChassisLink, Inc. (DCLI) has opened a new dedicated chassis area at Port Houston's Bayport Terminal. The site gives motor carriers direct access to road-ready equipment right where they need it. The new footprint simplifies operations. DCLI organizes, inspects, and maintains its pool chassis on-site, eliminating the need for drivers to search across scattered areas or multiple gates. A ded
ITOCHU and DP World forge strategic alliance ITOCHU Corporation has signed a Memorandum of Understanding (MOU) with DP World to explore joint business opportunities across Sub-Saharan Africa. The agreement was unveiled during TICAD 9 in Yokohama this week. The partnership will focus on logistics services, fleet operations, and food and consumer goods distribution. ITOCHU brings decades of experience in global trade, while DP World has a str
APM Terminals seals $1bn ports deal in India Maersk's port operating arm, APM Terminals, has signed a memorandum of understanding with India's Andhra Pradesh Maritime Board to invest 9,000 crore (around $1.1bn) in the development of three key ports in the state. The agreement, inked in the presence of chief minister N Chandrababu Naidu, covers the upgrading of the Ramayapatnam, Machilipatnam and Mulapeta ...
Splash Wrap: Boxship orders dominate as carriers face oversupply reality The containership market led Splash coverage this week, with the orderbook climbing to record levels and analysts warning of a prolonged supply glut. The global orderbook now stands at 10.4m teu, or 31.7% of the existing fleet, the highest since 2010. Linerlytica cautioned that the industry is on track for another decade-long overhang, similar to ...
Navios Partners picks up two resale LR2s in $133m deal Greece's Navios Maritime Partners has confirmed the acquisition of two scrubber-fitted aframax/LR2 tanker resales, lifting its orderbook in the segment to 12 vessels. The Angeliki Frangou-led company is paying $133m for the pair of 115,000 dwt newbuilds, which are scheduled for delivery in the first half of 2027. The identity of the seller has not ...
Helix wins multi-year Gulf of Mexico contract Houston-based offshore energy services company Helix Energy Solutions has been awarded a multi-year contract for production enhancement and well abandonment services in the US Gulf of Mexico. The contract, commencing in 2026, includes a minimum commitment of vessel utilisation, split over three years. The client was not revealed and was described by the company as ...
Cadeler bags turbine installation work on offshore wind farm in Taiwan Denmark-based offshore wind vessel player Cadeler has signed a firm contract with Synera Renewable Energy for the transportation and installation of turbines at the Formosa 4 offshore wind farm in Taiwan. The company will utilise one of its M-class wind turbine installation vessels to install 25 Siemens Gamesa 14MW turbines. Operations are scheduled to commence ...
Murphy Oil hires another Eneos Drilling jackup for Vietnam ops Japanese offshore contractor Eneos Drilling has won a second jackup contract in two days with Murphy Oil. The company said that it agreed to provide jackup drilling services to subsidiaries of Murphy Oil based on a subcontract with PetroVietnam Drilling & Well Service Corporation, which secured the drilling contract from Murphy. The rig in question ...
Shelf Drilling secures $50m jackup extension from Chevron in West Africa Oslo-listed jackup rig player Shelf Drilling has won a one-year contract extension for one of its rigs. Cabinda Gulf Oil Company, a Chevron subsidiary, extended the contract for the 2007-built Shelf Drilling Tenacious rig for drilling operations offshore West Africa. The extension will begin in direct continuation of the rig's current contract, extending the commitment ...
Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai Bill Gates, in his role as founder of TerraPower, met with HD Hyundai's executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. The meeting-after their March rendezvous in the US-centred on scaling up supply chains and advancing Natrium sodium-cooled fast reactor tech for power ...
Nigerian tanker buyers step up with trio of summer deals Nigerian tanker buyers have stepped up their activity this summer, snapping up three ships from June onwards - more than doubling their deal count for the year, according to data from VesselsValue. To date, seven secondhand tanker acquisitions have been tracked to Nigeria in 2025. The latest round of deals includes Triber Energy, which has ...
OOCL admits upcoming US port fees will have 'relatively large impact' Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October's likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China's COSCO, posted its interims yesterday in which it noted in a release that the potential extra port charges levied by the ...
Greek shipbroker the main focus of latest US sanctions against Iran A Greek shipbroker has been the focus of the latest sanctions from the US aimed at stifling Iranian oil exports. Antonios Margaritis, his network of companies, and nearly a dozen vessels involved in Iran's shadow fleet were singled out by the Department of the Treasury's Office of Foreign Assets Control (OFAC) yesterday, the latest in ...
AXSMarine employee readies to swim 70 km across Lake Geneva This September, British endurance swimmer Andrew Cornish, a business development manager at AXSMarine, will attempt one of the most demanding feats in open-water swimming - a solo 70 km swim across Lake Geneva - to raise funds for the medical charity Mercy Ships. The challenge, officially known as Lake Geneva Signature Swim, covers the entire ...
Taking a reality check on shipping's digitalisation Vlassis Papapanagis, chief commercial officer at Tototheo Global, writes for Splash today. Digitalisation and AI are reshaping shipping, promising safer, smarter and more environmentally responsible operations. This is particularly acute in the absence of a clear pathway for alternative fuels. As companies accelerate their use of technologies to optimise operations, the pathway to progress is ...
Türkiye to refuse entry to Israeli-linked vessels Vessels will have to prove that they are not affiliated with Israel before being allowed entry to Turkish ports
IMO framework's complexity is bad enough even without the politics Four months after its approval, opinion is deeply divided on what the Net-Zero Framework will achieve. That is bad for...
A wood-panelled world order in a silicon age Shipping's governance is not geared up for the fight it now finds itself in, but in fairness, it couldn't have...
Sinking box rates and entrenched tariffs raise red flags on 2026 Spot container rates are expected to be weak for the remainder of this year. That raises the question of how...
Sea of Japan latest spoofing spot for tankers moving Russian oil Prior to the manipulation of their positional information the shadow fleet tankers can be seen entering the Sea of Japan...
'Fantastic' growth in ro-ro volumes ex-Asia comes with added costs for Höegh Autoliners Höegh Autoliners will wear higher costs of adding capacity as the imbalance in car carrier trades between Asia and the...
China and Saudi Arabia strengthen shipping ties with new service and dry port Cosco Shipping and Saudi PSS partner on eastern dry port, boosting inland logistics and intermodal connectivity
Boarding of Eagle S 'serious violation of maritime safety', says master Realisation that the vessel's anchor was missing was one of the worst things he has experienced as a master
US sanctions Greek national and 'shadow fleet' tankers in latest Iran crackdown The US announced fresh Iran sanctions on Thursday targeting a Greek national, eight tankers and two Chinese terminals. Meanwhile, the...
OOIL sees best growth since pandemic, yet flags 'anything is possible' for rest of 2025 But the Cosco subsidiary cautioned that excess capacity, weakening demand, tariff uncertainty and looming US port fees on Chinese lines...
The Daily View: Port fees and trade talks
Daily Briefing Shadow fleet tankers experiment with stateless identification numbers | Dozens of sanctioned tankers fly Comoros flag despite government saying they...
BNSF, CSX unveil new joint intermodal lanes in aftermath of UP-NS merger The joint BNSF/CSX services come as rivals Union Pacific and Norfolk Southern have agreed to an $85 billion deal that would create the first transcontinental railroad, if approved by federal regulators.
US-Mexico truck crossings rose marginally in July amid sluggish demand Tariff-related surges in US-bound freight from Mexico have abated, but truck volumes in July partially recovered from a second quarter decline, according to new data.
Truck parking a $100 billion inefficiency issue for US truckload industry: report Truck Parking Club commissioned a report to quantify the truck parking problem facing drivers and what costs trickle down to the rest of the industry.
Dodd Fiori, ex-NYK North America executive, dead at 82 Fiori joined NYK Line (North America) in 1990 as executive vice president with a mandate to grow the newly formed liner agency and position it closer to US-based BCOs.
OEMs adapt to US wind industry slowdown, yet bank on tax credit uptick With uncertainty surrounding tariffs and renewable energy policy, wind turbine orders in the US fell 50% in the first half of 2025 year on year, lowest since the early COVID days in 2020.
VLCCs' futures curve rises amid stronger-than-usual summer August spot market is the hottest in years
Wavelength podcast: Profiling a suspected Iranian shadow shipping kingpin Plus... responding to US and Saudi attempts to stop shipping climate talks, and Granular
Zim locks in extra charters with TMS Group after Ofer drops out Greek owner will provide all 10 newbuildings originally set to be split with Idan Ofer
John Fredriksen's Avance Gas stake quickly approaches zero on last day of trading Former controlling shareholder has been busy shedding stock
Environmental law group pours cold water on latest attempts to derail climate talks Late papers submitted to IMO claim it is not in a position to create a levy and calls on countries to block it
Hoegh Autoliners welcomes US tariff and fee relief even as impacts persist Chief executive Andreas Enger says shifting trade policy will still hit the market
Greek owner Contships puts plans for 20 newbuildings on ice Nikolas Pateras baulks at plans to order feeder ships at inflated prices
BP Shipping profit tumbles as ship and voyage numbers decline UK management and chartering operation handled less cargo in 2024
Gunvor to ship more than 240 LNG cargoes from Mexico in 20-year deal Swiss charterer agrees off-take from Amigo LNG project
Evangelos Pistiolis companies bank $290m through tanker sales to Chinese financiers As other owners switch to bank debt, Top Ships and Rubico keep faith with leaseback model
Hoegh Autoliners stock surges after dividend beat Arctic Securities sees payout boost by vessel sale
New Zealand pays $84m to cancel ropaxes at Hyundai Mipo Government takes a hit after cost of port infrastructure ballooned
Hoegh Autoliners sells again, as values remain high and charter market plummets Bottom line drops as expenses rise
Wallenius and Alfa Laval wind venture brings in Vard's Amrit Kaur Bhullar as CEO Oceanbird says Londoner will join in new year as first retrofit is carried out
HD KSOE pumps $208m into Vietnam with equipment manufacturer buy The deal includes a 110 hectares complex, previously owned by Doosan Group of South Korea
Navios tanker and terminals spin-off set to 'harvest' fleet investment, analysts say Fearnley Securities restarts coverage of Navios South American Logistics after $400m bond sale
OceanPal goes for third share split in three years to keep Nasdaq listing Diana Shipping spin-off will turn every 25 shares into one to boost share price
Broker Steem1960 opens Tokyo office with new hire Mitsuhiro Makino brings 'wealth of experience'
Turkey 'bans' ships with Israeli links from its ports Sources say 'informal' measures being carried out by authorities
Baltic cable damage was just an accident, says shadow fleet tanker captain Master pleads innocence in interview with Finnish broadcaster
European Maritime Finance appoints veteran lawyer as new board member Niels Bang joins Danish shipping investment company
European postal operators suspend parcel service to US The end of the U.S. de minimis exemption is disrupting European postal service for parcel customers.
Trans-Pacific container rates fall to pre-Red Sea crisis levels Container rates on the closely-watched eastbound trans-Pacific fall to their lowest levels since before the Red Sea crisis erupted in 2023.
DHL extends short-term cargo contract with Global Crossing Airlines DHL Express has extended its trial contract with Global Crossing Airlines, a Miami-based provider of dedicated contract air and as-needed charter flights, by four months, Global Crossing said in its earnings report last week. Global Crossing Airlines (OTCQB: JETMF) operates four Airbus A321 converted cargo jets in addition to 15 Airbus passenger aircraft. In April, [...]
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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