Bernhard Schulte Offshore takes delivery of new CSOV Windea Curie Bernhard Schulte Offshore (BSO) has taken delivery of its latest Commissioning Service Operation Vessel (CSOV) from Ulstein Verft in Norway. The newbuilding, which was christened Windea Curie, on June 26, is now
NTSB reports on $258K grounding of towboat Tom Frazier The National Transportation Safety Board (NTSB} has issued its report on a Feb.10, 2024 incident in which the towboat Tom Frazier grounded near Portsmouth, Ohio. The towboat, built in 1979 by Jeffboat
Trump's icebreaker gambit: US sets course for Arctic power play against Russia In a move that could reshape Arctic geopolitics and redefine shipping lanes for decades, former US President Donald Trump revealed that he has offered to purchase up to 15 icebreakers from Finland. The announcement, made following a round of golf with Finnish President Alexander Stubb, is the clearest signal yet of America's ambition to counter Russia's dominant presence in the polar north. This
Port of Barcelona strengthens position as investment magnet with new agreements Port of Barcelona Management Board has approved four strategic initiatives to enhance competitiveness, expand logistics capacity, advance sustainability, and modernize facilities. At first, Terminal Investments Limited will acquire 50 % of Terminal Catalunya (Tercat) from Barcelona Europe South Terminal. The deal preserves Tercat's open-access ethos and includes safeguards to ensure non-discrimin
Global bunker prices on downward trend Global bunker indices tracked by Marine Bunker Exchange (MABUX) fell sharply in the 26th week of the year, driven by expectations that a ceasefire between Israel and Iran will ease concerns over potential oil supply disruptions in the Middle East. The 380 HSFO index dropped to US$472.54/MT, the VLSFO index declined to US$560.20/MT and the MGO index fell to US$762.82/MT. "At the time of writing, t
Mawani signs privatization contracts for cargo terminals at eight Saudi ports In a major step toward advancing Saudi Arabia's logistics infrastructure, the Saudi Ports Authority (Mawani) has signed privatization contracts for multipurpose cargo terminals at eight ports across the Kingdom. The agreements, structured under a 20-year Build-Operate-Transfer model, were signed in collaboration with the National Center for Privatization, with total private sector investments exc
What Makes a Good Personal Injury Lawyer? A good personal injury lawyer can be an invaluable ally, guiding you through the legal complexities and fighting for the compensation you deserve after an accident. But what exactly makes a good personal injury lawyer? It's a combination of specific skills, experience, and personal attributes that set them apart. Specialization and Relevant Experience One of the foremost qualities of a proficient
Greening biopharma supply chains with sustainable shipping solutions The biopharma industry is increasingly focusing on sustainability, driven by a global push towards eco-friendly practices. As environmental concerns rise, companies are urged to minimize their carbon footprint while maintaining efficiency. Emerging technologies play a critical role in transforming traditional systems into greener alternatives. In recent years, the biopharma industry has recognize
Maersk takes legal action against Brazil's rules on bidding for major Santos Port terminal Maersk is taking legal and strategic action to challenge Brazil's bidding restrictions for a massive new container terminal at Latin America's largest port, the Port of Santos. MSC Group, through its port subsidiary Terminal Investment Limited (TIL), has indicated it may also pursue legal action if the TCU does not alter the bidding criteria. According to Patricio Junior, TIL's regional investmen
Econowind installs wind propulsion system on Uni-Tankers Econowind has successfully installed four VentoFoils on the chemical tanker, operated by Danish shipping company Uni-Tankers. The ATEX-certified suction wing units were installed in just four days at the Port of Rotterdam, demonstrating their efficiency and ease of integration. This marks the fourth tanker to be equipped with Econowind's VentoFoils, bringing the company's total installations to o
Stable demand outlook despite US trade policies: BIMCO's Container Shipping Market Overview & Outlook June 2025 "We forecast a stable demand outlook for the container shipping sector in line with our previous report despite the uncertainties introduced by new US trade policies. We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our ship demand growth forecast now excludes a return to normal Red Sea and Suez Canal routings ," says Niels Rasmussen, Chief Shipping Analyst at BIMC
Yang Ming executive: Tariffs and Mid-East conflict to shape demand Yang Ming's commercial chief Kevin Lee said at a marketing conference that US tariffs and Middle East tensions will affect demand for container shipping in the second half of 2025. Speaking at the Capital Securities Corporation-organised event, Lee said: "Tariffs are the biggest variable.......Freight rates for the early part of this month were higher than in April and May. Whilst we're still positiv
US considers easing Iran Sanctions, shipping industry eyes return in the Red Sea A potential US pivot on Iranian oil sanctions could reshape shipping dynamics in the Red Sea, Strait of Hormuz, and beyond offering relief for a sector battered by geopolitical risk. In the wake of a fragile ceasefire between Israel and Iran, the United States is signaling a possible relaxation of oil sanctions on Tehran a move that could usher in a new era of calculated optimism for global shipp
Freightos: Transpacific rates falling sharply; Israel-Iran ceasefire could avert disruptions Energy markets, global trade stakeholders and the international freight industry were bracing for Iran's response to US strikes on its nuclear sites early this week. The various retaliation scenarios included Iran's possible closure of the Strait of Hormuz, which could have significant implications for all of the above. Late Monday though, following a measured Iranian attack on a US military base
Kalmar and Cagliari RoRo terminal extend partnership Kalmar has signed a new agreement with Cagliari RoRo Terminal in Italy to supply eight heavy terminal tractors. The order was booked in Kalmar's Q2 2025 order intake, with delivery scheduled for Q4 2025. The terminal already operates a fleet of Kalmar equipment, and this latest order strengthens its capacity to meet growing cargo handling demands. The new terminal tractors will be integrated with
BIMCO Shipping Number of the Week: Ship recycling could double to 16,000 ships over the next 10 years "As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the potential to be 16,000 ships, or 700m deadweight tonnes (DWT), from previously 15,000. The new estimate equals twice the number of ships, and nearly tr
New chapter in ship recycling begins as Hong Kong Convention enters into force Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships has officially enterred into force, as of 26 June 2025. Adopted under the auspices of the International Maritime Organization (IMO), the Convention sets out legally binding regulations to ensure that ships reaching the end of their operational lives are dismantled in a way that protects human health and t
StockSpace and Axione Development to establish warehouse facility in KEZAD Khalifa Economic Zones Abu Dhabi (KEZAD) Group, in partnership with StockSpace and master developer Axione Development, has signed a 50-year land lease agreement to develop a state-of-the-art Grade A warehouse facility in KEZAD Area A. The project represents an AED 50 million investment and underscores KEZAD's role as a catalyst for industrial growth and supply chain excellence in the UAE. The 14
COSCO SHANGHAI to join AMERIGO service CMA CGM announced that the vessel COSCO SHANGHAI will be phased into the AMERIGO Service, a key Transatlantic route connecting Southern Europe with the US East Coast and Gulf regions. The expected ETA at the first port of call, Salerno, is August 4, 2025. The rotation will be as follows:Salerno - La Spezia - Genoa - Vado Ligure - Valencia - Algeciras - New York - Norfolk - Savannah - Miami. The i
Maersk unveils "Trade & Tariff Studio" to simplify customs management Maersk has launched Maersk Trade & Tariff Studio, an AI-driven customs-management platform. Lars Karlsson, Global Head of Trade & Customs Consulting at Maersk stated that the new platform delivers clarity, compliance, and cost optimisation when goods cross borders. Key features of the platform will include: Centralised, AI-powered tariff engineering covering more than 6,000 product codes and 20,0
Diana Shipping seals Cargill ultramax charter New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes. The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris until July 21 next year at $12.500 per day. The charter starts on July 1 and Cargill has options to extend ...
Saudi Arabia strikes eight port terminal deals The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The 20-year agreements have been awarded to two international port operators: Saudi Global Ports (SGP), a subsidiary of Singapore's PSA, and Red Sea Gateway Terminal Company (RSGT), ...
Fugro nets work on Eni's deepwater gas project in the Mediterranean Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni and is located off the coast of Cyprus. Geo-data acquisition is scheduled to begin in the third quarter of 2025. The country has ...
Marinakis firms up third VLCC at Hanwha Ocean Greek owner Evangelos Marinakis has added to his very large crude carriers (VLCCs) orderbook in South Korea. Shipbuilding sources in Greece report Marinakis-controlled Capital has lifted an option at Hanwha Ocean for a single newbuild after signing up for two firm vessels earlier this year, with deliveries expected in 2027. The optional vessel is reported ...
Global ship recycling landmark arrives with patchy compliance across South Asia Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan - two vital recycling destinations - still not compliant with the international regulation. The Hong Kong Convention, first adopted back in ...
Where maritime tech consolidation is today The recent publication of two maritime technology landscape maps, clustered with hundreds of logos, shows how fragmented this business is despite significant consolidation over the past couple of years. The maritime industry is undergoing a rapid technological transformation, with AI emerging as a driving force behind it. Recent publications, such as the Global Maritime Tech ...
Ship-to-ship CO2 transfer makes debut in China The world's first ship-to-ship offloading of liquefied carbon dioxide (LCO2) captured directly from a containership has been achieved at Shanghai's Yangshan Port. The operation involved Evergreen's 2014-built 13,800 teu Ever Top, retrofitted with an onboard carbon capture and storage (OCCS) system in 2024. The vessel transferred the captured CO2 to the barge Dejin while docked ...
Shell dismisses reports of $82bn BP takeover Energy supermajor Shell has adamantly stated that it has made no bid for rival BP, and that such a move is not being considered. Different media outlets reported that Shell was in talks to acquire BP in a deal worth £60bn ($82.3bn). However, this is not new as similar stories have been doing the rounds ...
US offering 15,000 blocks in upcoming offshore lease sale The US Bureau of Ocean Energy Management (BOEM) has announced a proposed notice of sale for an upcoming oil and gas lease sale in the Gulf of Mexico. Lease Sale 262 will offer approximately 15,000 unleased blocks located between five and 370 km offshore across the Gulf's Western, Central, and Eastern Planning Areas. Covering roughly ...
Two projects off Israel restart production amid shaky ceasefire with Iran The Israeli Ministry of Energy and Infrastructure has allowed the restart of production from two offshore projects following a temporary suspension caused by the escalation of conflicts with Iran. On June 14, the Ministry ordered the temporary suspension of production and activities on the Energean Power FPSO and Chevron's Leviathan field. Now that the hostilities ...
TotalEnergies taps Shearwater for 3D survey off Sao Tome and Principe Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a 3D marine seismic acquisition contract by French energy major TotalEnergies in Sao Tome & Principe. The two-month exploration survey on the STP-02 Block off the coast of West Africa will commence early in the third quarter of 2025, utilising the SW Empress. TotalEnergies entered ...
Study finds suicide accounts for more deaths at sea than fatal injury incidents Suicide cases accounted for more deaths at sea than fatal injury incidents according to a major new survey looking at the fleet insured by Norway's Gard. Gard's second crew claims report, published yesterday, outlines trends and developments in seafarer injuries, illnesses and fatalities worldwide drawing on claims data from 3,000 cases last year as well ...
Caravel Group emerges as Pacific Basin's largest shareholder Harry Banga-led Caravel Group has confirmed it has become the leading shareholder in Pacific Basin, but has denied rumours it is looking at a possible takeover of the dry bulk giant. In a release sent to the Hong Kong Stock Exchange, Caravel revealed it now controls 16% of the total issued share capital of Pacific ...
Shipping and Pride Month As the industry comes together this week to shine a spotlight on bullying and harassment for the Day of the Seafarer with the theme 'My Harassment-Free Ship, prejudice against LGBTQ+ seafarers remains an ongoing issue. LGBTQ+ clinical psychologists Luca Hütter and Angelo Tenorio, along with OneCare's Marinos Kokkinis and Gisa Paredes from WellAtSea have penned ...
Private equity is circling maritime tech again in search of consolidation and value Venture capital backed digital start-ups have long promised scalable solutions to improve everything from voyage optimisation to back-end efficiencies, but...
Onex tug order marks renaissance for Greek shipbuilding Co-operation agreement for 20 tugs signed with Bureau Veritas
CO2 capture capacity could grow 28-fold by 2050 Wood Mackenzie predicts the CCUS market will surge 28-fold by 2050, creating opportunities for CO2 carriers
Red Sea rerouting prompts recalibration of Saudi trade The Red Sea crisis triggered a big rerouting of global shipping around Africa, slashing Saudi Arabia's Red Sea port volumes...
Euroholdings profit soars on boxship sale as Latsis acquires control Recent spin-off from Aristidis Pittas-led Euroseas posts first results as independent outfit
Odfjell tanker explosion seriously injures two A rupture of a compressed air cylinder on board a lifeboat is said to be the cause of the explosion
Recycling set to double as Hong Kong Convention enters into force Hong Kong Convention aims to tighten up the scrapping sector, improving safety standards and limiting pollution
Cat-and-mouse tariffs game to reshape global shipping routes US efforts to undermine China's supply chain dominance are quickly spilling beyond its borders, and is set to have a...
Caravel increases stake in Pacific Basin Caravel sees its role as a strategic investor but has no plans to make an offer for the company as...
The Daily View: The unenviable life of the seafarer
Daily Briefing Why a ceasefire and sanctions deal with Iran does not necessarily reopen the Red Sea | Seafarer suicides now outnumber...
Crowley launches first service linking Central America to US East Coast The carrier said vessels on the five-day transit to Philadelphia will carry food, apparel, industrial products and consumer goods.
UWL locks in new vessel partner for trans-Pacific Vietnam service Swire, UWL's original partner for the express service to Seattle, will phase out its vessels during July while new partner Emirate Shipping Line rotates into the loop.
DHL, union workers reach tentative deal to end Canadian work stoppage Unifor, the union representing more than 2,100 truck drivers, couriers, warehouse and clerical workers in seven Canadian provinces, will vote on the agreement on Friday and Saturday.
Ocean carriers face three-year decline in profitability: HSBC Tariff uncertainty, weakening demand and an abundance of capacity are hanging over the container shipping industry, the global bank said in a report Thursday.
Expanding Maritime Partners snaps up Jones Act ATB power New Orleans-based Jones Act giant keeps up aggressive record of fleet acquisitions
Capesize rates keep falling with futures contracts also lower Jefferies says tightening Chinese import arbitrage is playing a part
Sovcomflot set to deploy first Russian-built ice-class LNG carrier Igor Tonkovidov tells Interfax that the Alexey Kosygin will start final trials at the end of June
How Trump versus China campaign could be bad news for some US-listed owners This week's Streetwise explores how tensions could be spreading to the stock market
Sanctioned LNG carrier heads in to load as Russia's Arctic LNG 2 prepares to restart exports Arc4 vessel has been spoofing destination as Yamal LNG on its inbound voyage
Croatian owner refinances LPG carrier in deal with Japan's Tamba Kisen Jadroplov strikes leaseback deal for ship bought as a resale
Recycling volumes set to double to 16,000 ships in next decade, says Bimco Annual recycling volumes could exceed the record 1,800 ships sent to scrap in 2012
VLCC rates crater as fragile Israel-Iran ceasefire holds It was an eventful few days for the market, but ultimately, rates have taken a step back
Cypriot owner Olympia Ocean swaps bulkers in back-to-back S&P deals Fleet renewal move sees George Mouskas-led company replace an ageing capesize with a younger kamsarmax
Marco Rubio casts doubt on US backing for tougher Russian sanctions Secretary of state's latest comments seem at odds with indications given in talks with European allies
Watch officer 'using mobile phone' while cargo ship grounded Seafarer charged in Sweden after incident involving the Ali Aykin
'World's first' ship-to-ship transfer of liquefied CO2 claimed by China's CSSC Offloading by STS cuts need for terminal facilities for transfer, storage and recovery, company says
Gianluigi Aponte stacks MSC's huge orderbook with up to six mega-size container ships worth over $1.2bn Order marks China Merchants Industry Group's debut in the large boxship segment
QatarEnergy suspends night navigation for ships at major export hub due to jamming Producer cites GPS interference for restrictions
Officer 'using mobile phone' while ship grounded Seafarer charged in Sweden after incident involving the Ali Aykin
Hong Kong vs Basel: Why shipping is caught in the recycling cross hairs Differing rules and regulatory games add confusion to shipping's ability to comply with recycling old tonnage
'Hundreds of kilos' of cocaine found on ship in 'unusual' smuggling case Scot Bremen was diverted to Zeebrugge in Belgium after arriving from Brazil
Russian EU transshipment ban workaround showing signs of strain, report says Think tank calls for wider action to include insurers, owners and port access
Explosion on Odfjell chemical tanker injures two seafarers Crew members taken to hospital after incident in Ireland
Asian buyers on prowl for next fix of container ship newbuildings Companies tyre-kicking slots to bolster fleets against trade disruptions while Western rivals choose to sit it out
Evangelos Marinakis lifts VLCC wager to over $1.2bn as Capital adds option Greek owner exercises option vessel at Hanwha Ocean
Boxship sale boosts Euroholdings profit as Latsis family moves in Greek feeder ship player pays first dividend since spin-off from Euroseas in March
Shipowners splash $55bn on new vessels amid 'volatility' and 'fluid US trade policy' Alternative fuel take-up continues to rise, data indicates
Japan's Chiba Shipping sells bulker to Bangladeshi shipowner Broking sources claim the vessel has gone to Meghna Group, the country's largest shipowner
'Tremendous potential for Africa to develop into a major maritime continent,' says Schulte chief Conference told Africa is 'not a charity case, it's a massive opportunity' for shipping
Gard CEO set to become new boss of powerful P&I body Rolf Thore Roppestad has solidified firm's position as the world's top marine insurer
Prominent Greek shipping names back start-up with 'pre-seed' funding Vardinoyannis family member and head of HFW's Greek office backs pre-seed funding for digital marketplace platform
'Tremendous potential for Africa to develop into a major maritime continent,' says Schulte chief Conference told Africa is 'not a charity case, it's a massive opportunity' for shipping
Golar LNG offers $500m convertible bonds to fund growth drive Buyers will get option to buy additional $75m of notes
Egypt's National Navigation doubles up on Chinese kamsarmax order Government says state owner will take delivery of two more ships in 2028
Recycling confusion must be resolved before demo rush Good markets mean low recycling volumes, but a rush is expected soon, so legal chaos needs resolving quickly
Is the sun rising on a cleaner recycling industry? Green regulations come into force 16 years after adoption, but market conditions prevent vessels from being scrapped
Recycling ruse scotched as new rules close Middle East loophole The UAE's new recycling regulations are deemed to be among the toughest
FedEx to close 30% of package facilities as network integration ramps up FedEx is accelerating the overhaul of its express and package delivery networks to eliminate excess capacity and improve customer service.
With Mideast shipping on high alert, Maersk re-opens Israel port Maersk said it has re-opened services to Haifa port days after Iranian missile barrages hit the Israeli city.
Teamsters complain UPS slow to deploy air-conditioned vehicles The powerful Teamsters union is accusing UPS of failing to fully honor terms of its 2023 contract related to air conditioned vehicles, hiring full-time workers and forced overtime.
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