16,828 TEU OOCL Iris sets new Port of Savannah size record The OOCL Iris became the largest capacity vessel to ever call the Port of Savannah, when it arrived at Garden City Terminal Tuesday, Feb. 25. With a maximum capacity of 16,828 twenty-foot
Furetank completes milestone bio-LNG bunkering Donsö, Sweden-headquartered Furetank, a pioneer in the LNG-fueled tanker sector, reports that its tanker Fure Viken has been bunkered with 200 tonnes of ISCC certified bio-LNG, in collaboration with environmental commodity trader
Weight input error led to President Eisenhower container loss and damage The National Transportation Safety Board has released its report into a February 6, 2024 incident in which the U.S.-flag containership President Eisenhower lost 23 shipping containers overboard and another 10 were damaged.
Global trade under fire: Navigating turbulent waters of Trump's protectionist policies WinGD introduces X-DF-M platform with largest ever methanol-fuelled engine
China launches largest methanol marine engine Swiss marine power company WinGD is set to deliver its inaugural methanol-fueled engine to a shipyard following successful factory and type approval tests. The engine, a ten-cylinder, 92 bore X-DF-M, is designed for a 16,000 TEU container ship and stands as the largest methanol-fueled engine constructed to date. Currently, there are 56 orders for X-DF-M engines spanning bore sizes from 52 to 92,
ZeroUSV debuts first autonomous uncrewed surface vessel British SME ZeroUSV is nearing the launch of the world's first charter fleet of fully autonomous uncrewed surface vessels, starting with the Oceanus12, which was recently set afloat at Manor Marine in Portland, Dorset. This vessel is now poised for commissioning and integration trials from its home port in Plymouth, England. The rollout of the Oceanus12 series is ongoing, with no slowdown in sigh
US tariffs on Chinese-built boxships to cost shippers millions Netherlands-based consultancy Dynaliners estimates the cost of the charges that are proposed on Chinese-built ships calling at US ports could be as much as US$500 million at just one port. US Trade Representative's office, responding to complaints about the loss of jobs to China from US trade unions, is proposing charges of up to US$1.5 million per ship, per port call on Chinese-built vessels in
Shipbuilding at Epicenter of India's US$3 Billion Maritime Push India's strategic move to bolster its maritime infrastructure through a significant US$3 billion maritime development fund underscores its intent to enhance its shipping, economic and geopolitical stature on the global stage. This initiative, announced by India's Finance Minister Nirmala Sitharaman, aims to strengthen the nation's shipbuilding and repair industry, with India ambitiously striving
Industry leaders launch Smart Container Alliance The Smart Container Alliance has been officially launched to drive the adoption of cutting-edge smart container technology. This initiative aims to unite industry stakeholders in a collective effort to enhance cargo traceability, fortify maritime trade, and support global enforcement agencies in the fight against criminal networks. The Smart Container Alliance aims to advance industry standards,
Ocean carrier schedule reliability remains steady, with Maersk leading the rankings Throughout 2024, schedule reliability stayed largely within 50-55%, according to the latest Sea-Intelligence's report. The new year has started in a similar manner, with schedule reliability continuing to remain within that range. Source: Sea-Intelligence.com, GLP Report, issue 162 Incidentally, the January 2025 score of 51.5% is the same as in the first month of the previous year, while on a mon
Proposed US port call fees for Chinese vessels latest to roil container market: Freightos Analysis More proposed US policy changes unveiled last week are once again roiling international trade in general and ocean freight in particular. These steps included President Trump signing a memorandum advising federal agencies to research and take steps to prevent Chinese investment in certain US industries, including ports and shipping, and a commerce secretary proposal that all foreign vessels pay a
ONE and Portchain mark one year of digital berth alignment collaboration Ocean Network Express (ONE) and Portchain have completed the first year of their collaboration for the digitalization of ONE's berth alignment process with terminals. This initiative has delivered improvements in operational efficiency, sustainability, and facilitated the adoption of Just-In-Time (JIT) port calls, according to a Portchain's statement. Over the past year, the collaboration has ena
MSC redirects mega ships to Med and West Africa amid North Europe trade decline MSC has diverted its 19,000 - 24,000 TEU vessels from the Asia-North Europe trade in response to tanking rates, and shifting these boxships to the Asia-West Africa and Asia-Mediterranean routes where the rates are much higher, according to Alphaliner's report
Marcura takes over HubSE to revolutionize tanker demurrage claims Maritime technology company Marcura has completed the acquisition of HubSE, a UK-based innovator specializing in the automation of oil and chemical tanker demurrage claims. This acquisition establishes Marcura as the first commodity-agnostic provider of demurrage solutions, significantly advancing the simplification of demurrage claims for ship owners and charterers. The merger is expected to enh
KEZAD signs 50-year agreement with Bisconni for new manufacturing facility in Abu Dhabi The Khalifa Economic Zones Abu Dhabi (KEZAD) Group announced a 50-year land lease agreement that will see the establishment of a state-of-the-art manufacturing facility in KEZAD A (KEZAD Al Ma'mourah). With ambitions to broaden its international reach, Bisconni Middle East Manufacturing is investing AE$110 million (approximately US$30 million) to build a 37,000 square meter facility dedicated to
Chinese Influence in Panama Canal Operations Sparks Geopolitical Debate Recent discussions have been sparked by claims regarding Chinese control over the Panama Canal and alleged biases against American vessels
European Ports 2024: Antwerp Narrows Distance to Rotterdam, Piraeus Loses Ground Rotterdam, Antwerp-Bruges and Hamburg have maintained their dominance in the European port rankings in 2024, despite severe geopolitical instability and security challenges. The combined container throughput of the top three European Union (EU) ports increased by 4.4% in 2024, rebounding from a sharp 7% decline the previous year, according to Theo Notteboom, a member of PortEconomics, the organiz
Maersk revises Gambia peak season surcharge Maersk is revising the peak season surcharge (PSS) for shipments from Argentina, Bahrain, Bangladesh, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, Czech Republic, Denmark, Egypt, Estonia, France, Germany, Greece, Honduras, Hungary, India, Ireland, Israel, Italy, Jordan, Latvia, Lebanon, Lithuania, Malta, Mexico, Morocco, Netherlands, Norway, Oman, Pakistan, Paraguay, Poland, Portu
Louis Dreyfus Armateurs to be taken over by French private equity firm French family-owned shipowner Louis Dreyfus Armateurs (LDA) has revealed takeover talks with compatriot private equity firm InfraVia. The two companies have entered exclusive negotiations for Paris-based InfraVia to acquire an 80% stake in LDA which currently manages 23 ships in roro, offshore wind support and cable laying segments. The Louis-Dreyfus family would retain a 20% ...
Marcura expands with HubSE acquisition Maritime tech firm Marcura has acquired UK-based tanker demurrage claims automation provider HubSE. HubSE's specialised oil and chemical tanker expertise will be integrated into Marcura Claims, formerly ClaimsHub. Their combined capabilities will deliver a comprehensive claims management experience with both fully managed and self-service solutions. The acquisition of HubSE reinforces Marcura's v
Sapura Energy lands $723m in new contracts Malaysian offshore services player Sapura Energy has won multiple contracts worth RM3.2bn ($723m) for its drilling business. The company said in a filing with Bursa Malaysia that Sapura Drilling had won two contracts from PTTEP for the barge-type tender assist drilling rigs, Sapura T-17 and Sapura T-18. The contracts are for five years and an ...
Ningbo Marine firms up ultramax pair at Jiangsu Haitong Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard. The Shanghai Stock Exchange-listed company signed up for up to four 64,000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November. The deal covered two firm vessels at about $37m each with an option attached ...
Adhart linked to tanker quartet at New Dayang Singapore's Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed owner. Newbuilding sources suggest Adhart booked two firm ...
Pantheon Tankers in for suezmax newbuild brace Greece's Pantheon Tankers has set out to expand its fleet with a fresh newbuilding contract in South Korea. Multiple shipbuilding sources report the deal is in place with HD Hyundai Heavy Industries for a pair of scrubber-fitted suezmax vessels. Genoa-based shipbroking group Banchero Costa has placed a "slightly softer" price tag on each 158,000 dwt ...
McDermott taps Navantia's yard in Scotland for subsea work on Trinidad project Spanish state-owned shipbuilder Navantia has won a contract for the manufacture of subsea structures from Houston-based subsea and deepwater engineering and construction player McDermott. The contract was won by Navantia's UK subsidiary which controls the Arnish fabrication yard in Stornoway harbour. The year-long contract will see the Arnish team deliver critical subsea components for a ...
Tsakos readies nine shuttle tankers at Samsung Heavy Greek owner Tsakos Energy Navigation (TEN) has lined up a deal for shuttle tanker newbuildings in South Korea. Brokers in Greece have linked the New York-listed company and Samsung Heavy Industries to a nine-ship contract under the tender launched last year by Petrobras' logistics subsidiary Transpetro. The dynamic positioning vessels come with a price tag ...
ExxonMobil to invest around $200m into Australian offshore gas project US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers Mitsui and Woodside Energy, will utilise the Valaris 107 jack-up rig to drill and install one subsea well into the ...
Oldendorff offloads post-panamax Oldendorff Carriers is back in the market, selling ships. The latest sale is one of many bulker sales this week, bringing a bit more optimism to the secondhand market. This time, Oldendorff has sold a ship in its favourite segment, selling the 13-year-old, Taizhou Catic-built 93,000 dwt post-panamax Cora Oldendorff to Chinese interests for just under ...
Copenhagen Infrastructure Partners buys 480MW UK offshore wind farm Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) has taken full ownership of the Morecambe offshore wind project from COBRA Group and Flotation Energy. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved after the transaction as a development partner to the project. Morecambe is a 480MW fixed ...
Another cable severed off Taiwan Taiwan's coast guard detained a cargo ship and its Chinese crew on Tuesday. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands, Taiwan's coast guard said in a statement. The Togo-flagged Hongtai58 and its eight Chinese crewmembers have been taken to the port of Anping as investigations get underway ...
MSC withdraws megamaxes from Asia - North Europe trade In what it describes as a "surprise move", Alphaliner is reporting Mediterranean Shipping Co (MSC), the world's largest containerline, has decided to shift all of its 19,200 to 24,300 teu megamax vessels, currently trading between Asia and North Europe, to the Asia - Med and Asia - West Africa trades. MSC, which from the start ...
Broker platform wars spark debate The creation by five major broking houses this month of Ocean Recap has got the industry talking about how the business of fixing is changing, discussion of which forms the lead in the February issue of Splash Extra. Five of the world's leading shipbroking firms-Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY-have united to ...
Speed checks point towards bulker fleet heading for two-tier market The global bulker fleet is facing a significant slowdown, driven by a combination of factors that are not only causing a decline in average speeds, but also setting the stage for the emergence of what analysts at Veson Nautical believes is a two-tier market. The impact of an ageing fleet in the era of efficiency ...
Brokers talk up the pros and cons of platforms One of this month's big talking points in tramp shipping has been the creation of a rival to the Clarksons-backed SEA platform, bringing into question the future of fixing. Five of the world's leading shipbroking firms-Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY-have united to introduce Ocean Recap - a purpose-built recap and charter ...
How do you see life at sea 10 years from now? Is life at sea set to become easier, safer, and cheaper to manage? That's sort of the angle posed by 14 questions set by our team alongside our friends at Inmarsat in a new survey seeking reader input on how ship operations will change in the coming decade with results due to be published in ...
February 2025 Review Shipping is reeling from what could be the most seismic decision to effect the industry yet in the opening weeks of Donald Trump's second term in office. The American president will make a decision, likely in around a month's time, on whether to carry out suggestions made by the office of the US Trade Representative ...
Tanker tin foil hats on If you have spent the last 40 days or so under your desk wearing a tin foil hat to keep out the geopolitical noise, then you have my sympathy. As the new US administration thrashes about breaking stuff, traders and investors have displayed a curious calm, or perhaps an unwillingness to take a position until ...
Dry bulk hard hats on As Tropical Cyclone Zeila subsided, Australia's Port Hedland and Dampier iron ore ports ramped up throughput, while at the same time iron ore futures in China fell over 2% to below RMB800 ($110) per tonne. These positives are still outweighed by the negative of weak steel demand in China. But for capesize bulker owners, there ...
Containers: Mad as a Hatter? Deglobalisation is now a fact. The World Trade Organization is a defunct institution. The US threatens global tariffs and follows a policy of replacing income tax with import tax, believing that suppliers to the US will pay it, not US importers. Other countries and groups will respond. Global supply chains are fracturing and splintering into ...
Analyst Abstract Tankers We've been here before repeatedly in the 2020s, even Splash Extra has been sucked in by the great VLCC bull run predicted time and again. Could this time be different? Analysts are back in supertanker super bullish mode. "The VLCC outlook does appear to be the best of the tanker asset classes," stated Evercore ...
Cautious ship sales mood Cautious is the watchword to sum up the sale and purchase scene in February. With the US contemplating taxing Chinese-built tonnage, there is a clear sentiment to pick out Japanese-built ships all of a sudden. "As the Trump 2.0 reality show unfolds, as it does daily, often with singular market-moving tweets, we might as well ...
Has the LNG sector passed rock bottom? No deep dive into any industry or sector should start with a downer. However, there are no two ways about it - the LNG shipping sector has been in freefall of late and nothing earth-shattering has happened in the first two months of this year to convince people that it will improve drastically. But, there ...
The Amazon of bunkers? Bunker buying is "broken", according to James Peacock, the founder of XMAR, whose company, founded last year in Cyprus, has set out to give shipping a retail model for bunkers similar to how Amazon transformed online shopping. "Bunker buying is behind the rest of the industry, negotiations on WhatsApp, no clear price comparisons, and little ...
Key Shipping Statistics
Trade wars? Let's try and break the ice Shipping will get caught in the cross hairs of any looming trade war. Our special correspondent considers a couple of alternatives to tariffs and isolation. The wild ride since the January 20 inauguration of the 47th president of the United States looks set to continue. Keeping up with the constantly evolving news cycle has become ...
Dry bulk market shows signs of life as rates and futures rise The big question for dry bulk has been: Is this just the normal seasonal weakness, or something more? It's too...
EU clean industrial deal receives cautious welcome from shipping Europe's Clean Industrial Deal is positive for shipping, as long as it is implemented and governments can find the funding
Trump 1.0 tariffs failed to curb China-US trade Despite the raft of US tariffs on Chinese goods over the past seven years, there has been no material impact...
Tariffs will mean higher cargo insurance premiums Correlation could substantially top one to one in worst cases
French private equity buys majority stake in Louis Dreyfus Armateurs LDA controls a fleet of 23 ships in the offshore, ro-ro cargoship and cable layer sectors. The transaction will fund...
Diverging sanctions strategies could leave shipping in an 'impossible' situation Conflicting sanctions policies from the world's major trading blocs could make life extraordinarily difficult for the shipping industry
Ship lenders are happy to wait and see on Trump tariffs Ship financiers, like everyone else, are waiting to see what convulsions Trump 2.0 will bring. But they predict few direct...
Incorrect container weights caused lost boxes on containership The NTSB found incorrect VGMs were inputted by a booking agent, which resulted in heavier containers being loaded near the...
DFDS extends Danish military transport contract DFDS ro-ro cargoships can be chartered at short notice for military equipment transport, missions, training exercises and humanitarian disaster relief
WinGD catches rival with delivery of first methanol dual-fuel engine Swiss marine power company joins rival MAN B&W in producing two-stroke engines capable of using methanol as a fuel
Marcura acquires tanker demurrage specialist HubSE HubSE's specialised oil and chemical tanker expertise will be integrated into Marcura Claims, the maritime digitalisation platform's solution for processing...
No recovery for Red Sea traffic Uncertainty is keeping much of the industry from resuming Red Sea transits
The Daily View: Much wider problem Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Matson chief says USTR proposal part of 'early innings' in US-China trade talks 'Our feeling is we're in the early innings of a discussion to be had between the US and Chinese governments,'...
NDB provides $150m loan to Bocomm Leasing for LNG carriers Chinese lessor will use the loan to expand its LNG carrier portfolio, supporting China's goals to reduce emissions
FMC drastically reduces Covid-era fine for MSC, from $63m to $16m The investigation into Covid-era shipping practices of MSC was initiated by the Federal Maritime Commission in August 2023. The initially...
Daily Briefing US trade crackdown batters Chinese shipping and shipbuilding stocks | Taiwan coastguard detains cargoship after another undersea cable break |...
Triumph acquires broker-focused pricing technology provider Greenscreens.ai Acquisition activity in the truckload space continues, with price benchmarking vendor Greenscreens.ai the latest to sell.
Soft US freight demand, economic uncertainty restrains truckload pricing A drop in consumer confidence, spurred by higher inflation and tariff fears, makes a significant increase in freight demand and truck rates less likely until late in 2025.
International intermodal surge continued in January on US West Coast Tariff concerns and fears of labor unrest helped grow volumes at key ports along the West Coast last month, with the gains coming at the expense of the Northeast and mid-Atlantic.
Supercharge Security with Policy as Code See how code-driven policies unify validation & access control, streamlining compliance at scale
ILA ratifies new six-year deal with higher entry pay, automation protection Labor peace at US East and Gulf coast ports is now ensured through September 2030 after the union's rank and file approved the new labor agreement.
Wallenius' 'ambitious' financing framework underpins ro/ro fleet renewal Sustainable financing will help the Oslo-listed operator hit net-zero goals, but brings risks with higher capex costs to cover operations of its ro/ro fleet.
John Fredriksen becomes second biggest BW LPG shareholder with $171m stake Tycoon's Avance Gas has handed over stock to investors following $1bn VLGC fleet sale
Shipping 'idiosyncrasies': How one fund gained 39% in a week shorting Avance Gas Investor Joakim Hannisdahl says quirks of maritime industry never cease to surprise him
Hellenic Tankers denies broker reports of VLCC sale at firm price Greek company had been linked to disposal of vessel into Taiwan
Private equity fund to grab control of historic owner Louis-Dreyfus Armateurs Owner founded 170 years ago says it will invest €1bn in its future once the planned takeover is completed
Golden Ocean stock defies earnings miss to post rise Fearnleys sees 'some upside risk' on first-quarter estimates
Diana Shipping labels time-charter rates as 'a year of two halves' Shipowner highlights lower grain and coal shipments behind earnings fall
Tankers pin hopes on Opec spring production hikes Many, Clarksons included, are looking to the bloc for a boost, but Kpler disagrees
London Club takes fight to larger rivals with increase in tonnage Chief underwriting officer says small P&I player is looking to secure ships from larger fleets for its portfolio
European shipowners 'considerably undermined' EU recycling rules, says Brussels European Commission review of scrapping regulations does not rule out further measures to stop owners reflagging
LNG shipping market set to tighten from 2027 even under 'worst-case' scenario, says Braemar Charterers may need to get a 'little shifty on' with nailing down their LNG newbuildings for upcoming projects
Why Trump will need to play the long game to take on Chinese shipping Beijing has spent decades building its maritime dominance while the US dithered
Study of AI-based navigation could rewrite shipping insurance rules NorthStandard-backed project looks at how claims are affected when ships use AI-backed rerouting tools
Veteran Saverys family ally Ludwig Criel takes a seat on V.Group board UK ship manager also reveals new CEO for V.Ships division
Semarak and Megamas enter shipowning with cable-laying newbuildings Malaysian and Singaporean renewables and engineering groups line up deals for new vessels
Greek owner Contships reveals asset sales and new charters as it publishes financial results for first time World's biggest independent owner of boxships between 900 teu and 1,500 teu falls to a loss
Danger for tanker demand as Trump plots to revive Keystone XL crude pipeline President is keen to resurrect project to move Canadian oil to US refiners
Golden Ocean seizes on market weakness to 'significantly upgrade' fleet John Fredriksen company reported an earnings miss in its latest financial filing
Marcura strikes again with takeover of tanker demurrage player HubSE Dubai group snaps up UK industry pioneer
Looming shadow of Red Sea return prompts analyst caution on MPCC prospects Clarksons and Fearnley keep 'hold' ratings on German feeder owner
Furetank completes milestone bio-LNG tanker bunkering to meet new fuel rules 'New path' opens up for shipping
China's biggest ship leasing firm taps $150m to buy three LNG newbuildings Loan will be provided by the BRICS' New Development Bank
Vitol and Glencore to bank $380m in court battle over non-delivery of Nigeria LNG cargoes Case is one of a series involving non-deliveries of gas as prices soared
Divers find 'significant' hull breaches in stranded MSC container ship Vessel has 'settled firmly' on the seabed after grounding 11 days ago
'Sooner the better': New Stena and NNPC operation draws up list of tanker and gas carrier targets Joint venture should be up and running in the second quarter, bosses tell TradeWinds
Panamax rates to fall further on China's dwindling demand for grain Trend is likely to continue as China ramps up wheat production
Chinese ship caught red-handed trying to cut undersea cable, claims Taiwan Coast guard says it intercepted veteran cargo ship in the act
Taiwan on the offensive against suspected Chinese subsea cable-cutting cargo ships Its coast guard claims to have caught rustbucket with sinister intentions red-handed
Dark days: What happened to the Russian oil on sanctioned suezmax tanker? Vessel loaded at Murmansk on 20 January and is now in ballast, with the whereabouts of the cargo unknown
Semarak and Megamas enter shipowning with cable-layer newbuildings Malaysian and Singaporean renewables and engineering groups line up deals for new vessels
WinGD delivers world's most powerful methanol dual-fuel engine to Cosco Chief executive Dominik Schneiter warns of threat to multi-fuel pathway
After bridge collapse, Port of Baltimore sees second-best year for cargo The Port of Baltimore saw its second-best year for cargo, as it continued to recover from the Key Bridge disaster.
January freight volumes mixed at Gulf Coast ports Gulf Coast ports' January cargo volumes were up in Houston and Corpus Christi, Texas, but mixed in New Orleans.
Freightos: Ocean container rates falling but still above year-ago levels After months off frontloading by importers that boosted prices, container rates on the trans-Pacific are declining following Lunar New Year, said analyst Freightos.
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