Navy cancels four Constellation-class frigates The U.S. Navy has canceled the next four planned Constellation-class guided-missile frigates as the service reevaluates its fleet composition and acquisition strategy, according to multiple public reports and Navy budget documents. The
Parker Towing christens M/V Tony Lowros towboat Parker Towing Company, Tuscaloosa, Ala., christened the M/V Tony Lowros towboat on November 13, honoring the longtime employee whose five-decade career in transportation has spanned Alaska's remote airports, Kentucky freight terminals, and
OrbitMI unveils Vessel Reporting Analysis OrbitMI has launched its new Vessel Reporting Analysis, a structured assessment that helps shipowners and operators measure how closely their vessel reports follow industry reporting standards. The tool highlights data gaps that affect compliance, efficiency, and the accuracy of performance and emissions reporting. As more maritime workflows rely on consistent data, even small reporting inconsist
Freightos Weekly Update: Transpac ocean rates fizzle Despite higher tariffs since early this year, US retail sales have proved resilient and are expected to grow through the holidayseason. The solidifying tariff landscape is nonetheless facing destabilizing forces like recent China-Japan tensions, and the US Supreme Court's pending decision on the legality of Trump's IEEPA-based tariffs. But the White House is signalling it is already taking steps
Unifeeder joins DCSA+ to advance digital standards in container shipping Unifeeder, Europe's largest feeder and shortsea network and part of DP World, has joined the DCSA+ partnership to advance open digital standards in container shipping. The company operates over 150 vessels and moves more than 5.5 million containers annually across Europe, Africa, and Asia. By participating in DCSA+, Unifeeder will collaborate with carriers, terminals, and technology providers to
Klaipeda Port advances green hydrogen project Klaipeda Port has reached a major milestone in its green hydrogen production project, a first for Lithuania and neighboring ports. Key equipment has arrived at the site where the hydrogen station will be built, and pipeline tests at the location have been successfully completed. Algis Latakas, Director General of the Klaipeda State Seaport Authority, said: "The arrival of this equipment marks an
PIL's Kota Orkid makes maiden call in Singapore Pacific International Lines (PIL) celebrated the maiden call of its new "O"-Class vessel, Kota Orkid , in Singapore. The 8,200 TEU LNG dual-fuel ship is now operating on PIL's South West Africa Service (SWS) route as part of its inaugural journey. To mark the occasion, PSA Singapore presented a commemorative plaque to Master Capt. Kan Liang, who in turn gifted a miniature replica of Kota Orkid to
Hecksher launches Biofuel LCL route Hecksher launches Fuel Switch Route using biofuel insets on all LCL shipments from Shanghai to Gothenburg. Every import automatically includes certified maritime biofuel insets, fully financed by Hecksher and Greencarrier at no extra cost or operational change for customers. This initiative, part of the Greencarrier Blue Initiative, integrates verified biofuel insets as standard on one of the bus
Fincantieri hosts EU Commissioner at Monfalcone Shipyard Fincantieri hosted EU Commissioner Apostolos Tzitzikostas at its Monfalcone shipyard. The visit highlighted the shipyard's industrial capabilities and expertise in building complex ships. Fincantieri showed its commitment to a sustainable and digital maritime transition. The Commissioner toured production areas and a ship under construction. He met with staff and leaders, including CEO Pierrobert
Sea Legend stops Arctic service after one voyage China-based Sea Legend Shipping has ceased its China-Europe Arctic Express (CAX) service after only a single sailing. The 4,890 TEU Istanbul Bridge, which Sea Legend fixed from its associate, the Russia-focused Safetrans Line, arrived at Felixstowe on 14 October, after departing from Ningbo on 23 September, sailing through the Northern Sea Route (NSR) in 21 days
GXO completes first European bond offering GXO Logistics has completed its first European bond offering. Its subsidiary, GXO Logistics Capital B.V., issued €500 million in senior unsecured notes. The notes carry a 3.750% annual interest rate, payable starting November 24, 2026, and mature on November 24, 2030. "This successful first offering marks an important milestone for GXO and shows strong investor confidence," said Baris Oran, Chief
ANL announces rate restoration for North East Asia-Australia trade ANL has informed customers that it will introduce a rate restoration on shipments from North East Asia to Australia, effective 15 December 2025. The adjustment is intended to support service quality across the trade lane. From the implementation date, rates will increase by USD 300 per 20-foot dry or reefer container and USD 600 per 40-foot dry or reefer container. The company noted that the rest
Port of New York and New Jersey announces the retirement of the Executive Director The Port Authority of New York and New Jersey today announced that Rick Cotton, who has served as the executive director of the Port Authority since August 2017, will retire from the agency in January 2026. A successor is expected to be announced in due course and will work closely with Cotton to ensure a smooth transition. Cotton's distinguished 8½-year tenure makes him the longest-serving execu
SGP breaks ground on Dammam and unveils terminal expansion Saudi Global Ports Group celebrated a landmark moment in Saudi Arabia's logistics development with the official inauguration of the Terminal 2 Berth Expansion under SGP Container Terminals and the groundbreaking of the Dammam Integrated Logistics Zone at King Abdulaziz Port Dammam. Both milestones strengthen SGP's mission to advance the Kingdom's position as a global logistics hub. The event was
Valenciaport opens port of Gandia Valenciaport and Gandia City Council are promoting a project that will remove physical barriers between the city and the Port of Gandia by developing the area around the fruit warehouses and the controlled area of port facilities. The project, for which tenders will be invited shortly, will create a space for public use by citizens. The president of the Port Authority of Valencia, Mar Chao, and t
NorthPort boosts capacity with mobile harbor cranes NorthPort, the Philippines' premier domestic gateway operated by International Container Terminal Services, is strengthening its operational capability with the acquisition of two Konecranes Gottwald ESP 5 mobile harbor cranes. The new equipment forms a key part of the terminal's ongoing program to modernize cargo handling operations, support growing domestic trade volumes, and ensure reliable se
Maersk and Suez Canal Authority ink strategic transit deal The Suez Canal Authority (SCA) and A.P. Moller-Maersk Group have signed a strategic partnership agreement, marking the return of Maersk-affiliated vessels to the Suez Canal starting early December. Full-capacity transit, including CMA CGM vessels, is expected later that month. Adm. Ossama Rabiee, Chairman of the SCA, said the move restores the Canal's role as the shortest, fastest, and most secur
Port Houston fiscal year 2026 budget approved The Port Commission of the Port of Houston Authority met last week for its annual Budget Workshop, during which it approved Port Houston's US$726 million operating budget and US$569 million capital plan to help guide staff in operating and managing facilities and activities for Fiscal Year 2026. Port Houston, a strategic leader for the Houston Ship Channel for over a century, continues its commit
V.Ships adopts OceanScore to simplify EU maritime compliance V.Ships, one of the world's leading third-party ship management companies, has adopted OceanScore's Compliance Manager to simplify compliance with European Union environmental regulations. The platform helps V.Ships manage EU ETS and FuelEU Maritime requirements efficiently by streamlining processes, providing intuitive workflows, automated invoicing, and ensuring transparency across its global f
Alfa Laval and Hanwha Ocean Ecotech partner on ammonia fuel systems Alfa Laval Korea Ltd. has signed a Memorandum of Understanding (MOU) with Hanwha Ocean Ecotech to develop safe and reliable ammonia fuel systems for dual-fuel vessels. The partnership supports the maritime industry's shift toward low-carbon and alternative fuels. The collaboration combines Alfa Laval's expertise in ammonia fuel systems with Hanwha's marine technology capabilities. The companies a
Singapore to award licences for methanol bunkering The Maritime and Port Authority of Singapore will issue licences to supply methanol as marine fuel in the Port of Singapore from 1 January 2026, following the Call for Applications launched in March 2025. This marks an important step toward establishing methanol bunkering at scale and driving Singapore's ambition to become a sustainable multi-fuel bunkering hub. Licences will be awarded to Global
Port of Antwerp-Bruges rolls out Inbound Release Platform Port of Antwerp-Bruges, NxtPort, and The Way Forward will fully launch the Inbound Release Platform (IRP) in December 2025. The platform supports the new European customs legislation (PN/TS) for incoming goods. After a test phase with terminals, shipping agents, and logistics providers, IRP will scale up across containers, RoRo, ferry, and breakbulk cargo flows. IRP acts as the digital link betwe
MacGregor to supply 165-tonne AHC crane MacGregor has secured a contract to deliver a new high-performance 165-tonne active heave compensated (AHC) crane to Hong Hua Yard in China for Atlantic Navigation. Delivery is scheduled by the second quarter of 2027, with an option for one additional crane. The order is included in MacGregor's Q4 2025 order intake. The scope covers a complete 165-tonne AHC crane for a 90-metre Construction Suppo
Port of Bilbao trials hydrogen Tow Tractor The Port of Bilbao has hosted real-world testing of the H2TowTractor, a hydrogen-powered tow vehicle designed to decarbonise high-intensity logistics operations. The tractor uses a plug-and-play retrofit kit that can be installed on existing vehicles. This installation allows ports and industrial sites to transition to zero-emission operations without replacing entire fleets. In this trial, the k
Wärtsilä to supply integrated LNG systems for new bunker vessel Wärtsilä Gas Solutions will provide fully integrated systems for a new LNG bunkering vessel being built at Jiangnan Shipyard in China for Shanghai International Port Group (SIPG) Energy Shanghai Co. The scope includes the cargo handling system, fuel gas supply system, and a boil-off gas reliquefaction system (Compact Reliq - CRS) to ensure optimal efficiency. The order was booked in Q3 2025. He B
e1 Marine to supply reformers for PowerCell's first methanol-to-power systems Milestone for Methanol-to-Power in Maritime Industry e1 Marine has received an order from PowerCell Group for eight M30 hydrogen reformers to support the first commercial sale of its M2Power 250 system. This marks the first fully integrated methanol-reformer-and-fuel-cell deployment for the marine market. Delivery is scheduled for 2029 and includes product supply and engineering support. Onboard
MSC seals inland terminal deal in Bangladesh Swiss containership giant MSC has moved to strengthen Bangladesh's inland logistics network through a new concession to operate the Pangaon Inland Container Terminal (PICT), marking one of the largest inland infrastructure commitments yet by a global liner in the country. Medlog, MSC's fast-growing inland logistics arm, struck a deal to take over operations, supply and ...
New container port index launches The partnership that has been producing the Leading Maritime Cities of the World index over the past decade has turned its attention to container ports, providing a rival index to the one compiled by the World Bank and S&P Global. DNV and Menon Economics have crowned Singapore as the world's leading container port in the ...
Indonesia puts sanctioned VLCC and its crude up for auction Indonesia is moving ahead with an auction of the 28-year-old Arman 114 VLCC, along with its cargo of nearly 167,000 tonnes of light crude oil as a single lot. The auction, scheduled for December 2, carries a reserve price of about $70m. Bidders must deposit approximately $7m to qualify. Built in 1997, the 300,579 dwt ...
Anemoi: AI voyage tools and real-time data will push wind propulsion mainstream The next year will be defined by technology that makes wind-assist easier to install, measure and justify - and the data now coming back from ships is already strengthening the commercial case, says Clare Urmston, chief executive of UK rotor sails supplier Anemoi. She says the company is pushing ahead with upgrades across its product ...
Ray Car Carriers loads up on VLCCs in fresh HD Hyundai splurge Ray Car Carriers has moved deeper into the crude tanker sector, locking in four VLCC newbuildings at HD Hyundai in South Korea as owners rush to secure remaining large-tanker slots. Industry sources said the Abraham Rami Ungar-controlled company is behind a fresh order disclosed by HD Korea Shipbuilding & Offshore Engineering late last week. The ...
Seaspan poised to enter ethane carrier business Seaspan is set to push beyond its boxship roots with a debut entry into the very large ethane carrier (VLEC) market through a major newbuilding programme in China. Shipbrokers say the Bing Chen-led owner has set sights on up to six 100,000 cu m VLECs at Jiangnan Shipyard, part of China State Shipbuilding Corp (CSSC). ...
UK P&I Club and TT Club enter merger discussions The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two mutual insurers. The clubs have worked closely together for many years through their common manager, Thomas Miller. At their meetings in November, the boards of both clubs agreed to explore the ...
Assessing the longevity of today's shipbuilding boom Newbuild deliveries in 2025, in cgt terms, are set to be the highest since the end of the last boom in 2012. How long the shipbuilding boom will last forms the lead in the November edition of Splash Extra, our sister title that is now free to read. The monthly title also contains the key ...
Fleet analytics fit for the future During a time of shifting regulation, only the most advanced fleet analytics solutions can ensure long-term benefits in efficiency, profitability and compliance, explains Anders Bergh, project execution manager, Manta Marine Technologies. The recent one-year delay to the International Maritime Organization's (IMO) Net-Zero Framework at the Marine Environment Protection Committee (MEPC) second Ext
Shipbuilding's supercycle faces a reality check There is plenty of evidence that the industry is in the midst of a shipbuilding supercycle. Hanwha Ocean, a Korean major yard, recently disclosed, for instance, that its yard had a capacity utilisation rate of 101.1% in the third quarter of 2025. Likewise, data from Danish Ship Finance shows that 20% of all ships on ...
End the regulatory guesswork Shipowners have been unusually united on stage this autumn. From the polished terraces of Monaco to the packed halls of Hong Kong Maritime Week, the message has been near identical: give us clarity Clarity on fuel pathways. Clarity on carbon pricing. Clarity on compliance timelines that won't get rewritten every 18 months. What's striking is ...
November 2025 Review Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt hoping the recent truce announced by the Houthis will lead to a full-scale return to normal traffic on the artery connecting trade between Asia and Europe. The Houthis officially announced on November 10 that they have paused maritime attacks ...
Tankers feast as oil floods the market The world oil market has this month been digesting the certainty of growing oil demand despite the energy transition as the COP30 meeting in Brazil could only manage a voluntary agreement to begin to discuss the phasing out of fossil fuels at some future date. Meanwhile, oil traders are grappling with the certainty today of ...
Welcome to the dry bulk jungle As the first iron ore export ports to service Simandou in West Africa were opened, brokers and analysts have been keen in November to talk up the increase in tonne mile demand for capesize bulk carriers even as the extra supply puts downward pressure on iron ore prices. China's plan to diversify supply and cut ...
Container rates defy gravity as demand softens Last month we reported a surprise increase in the Freightos global average freight rate. This is even more of a surprise now that we have October data for US containerised imports. These fell 7.5% year-on-year and 0.1% month-on-month to 2.3m teu - making it only the second October in a decade to mark a decline. ...
Analyst Abstract Tankers The product tanker market has entered a period of stabilisation after two years of sharp correction from the record highs of 2022-2024, according to Danish Ship Finance. Earnings have risen 11% over the past six months, with LR1 and LR2 spot performance strengthening by 10% and 19% respectively, keeping overall returns in the top ...
Q4 S&P turns hot There is a disconnect in this year's secondhand ship sales patterns. The ClarkSea Index - a weighted index covering freight rates on all of merchant shipping - is at three-year highs, but secondhand prices have not been following suit, until the final quarter. More than 1,800 ships have now been reported as sold secondhand so ...
The crossroads of the crew A core challenge facing shipowners, managers, and regulators remains decidedly human. The key themes emerging from Splash's 76-page Seafarers magazine published this month centre on redefining the seafarer's role in an automated world, combating a growing retention crisis through enhanced welfare, and radically overhauling training and ship design to match twenty-first-century expectations. The c
Applied AI is moving from theory to deck plates As CFARER charts its own course following its spin-off from DNV, CEO Erik Staubo talks about AI's next phase, workforce challenges, and what's ahead for the company's maritime software suite. Pullout: If companies stop hiring juniors because AI boosts individual output, who becomes a senior in 10 years? When DNV Maritime Software rebranded as CFARER ...
CMB.Tech eyes improved earnings ahead Dry bulk and tanker markets 'roared back' after relatively soft third quarter
'Unique' Californian agreement puts ports' decarbonisation in their own hands The South Coast Air Quality Management District has taken a unique step in a bid to decarbonise California's two major...
Britannia and Japan Club join rate hike trend Ten IG affiliates to date raise 2026 prices, with remaining two expected to follow suit
Safe Bulkers pushes on with fleet renewal US-listed bulker owner despatched its oldest two vessels as market buoyed prices
Maersk extends strategic partnership with SCA, considers return SCA remains hopeful that more shipping lines will return to the Suez Canal with the end of the Gaza war
Secondhand boxship market booms as carriers pick up charter tonnage Notable deals include the $120m sale of the 13,300 teu Buenaventura Express, tied to a long-term Hapag-Lloyd charter, while MSC...
UK Club and TT Club in merger talks Move would bring IG affiliate together with logistics specialist
Cash-strapped fraud investigations 'outsourced' to the press, says defence lawyer HFW head of global investigations Barry Vitou said companies linked to fraud or sanctions-busting faced huge reputational risk from being...
Political heat on Russian gas is unlikely to freeze Arctic LNG flows EU and UK sanctions will require a reshuffle in Russia's LNG supply chains but in the absence of any US...
The Daily View: Noises off
Daily Briefing Reflections from Tokyo: when policies move faster than ships | P&I cheaper than 30 years ago, insists Gard's Roppestad |...
Tight capacity expected to keep intra-Asia freight rates aloft through January Rates on ocean services between China and Southeast Asia are at multi-month highs following a mid-year peak driven by frontloading prior to the implementation of reciprocal tariffs between the US and China.
Series of new green shipping corridors emerge despite IMO regulatory setback But many of the initiatives remain stalled by a "feasibility wall" created by the wide cost gap between conventional and zero-emission fuels, according to a new report.
Unifeeder adds scale to DCSA's partnership program The DP World-owned subsidiary provides services across Europe, Africa and Asia, and its involvement with the DCSA+ partnership program will enable it to work with container lines, technology providers and terminals to advance standardized data exchange.
Regulatory uncertainty won't derail e-fuel tender: global shipper group While the IMO's decision to postpone global decarbonization measures for a year will create challenges, several qualifying bids from ocean carriers have been received by the ZEMBA alliance.
Winning orders large ore carriers to feed Simandou demand Privately owned company has 10 VLOCs on order at Chinese shipyards
Qatar on cusp of starting its 'challenging' journey into LNG trading Commissioning cargo for QatarEnergy's Golden Pass terminal in US due to arrive in days
Global Chartering turns to secondhand market for baby-cape buy Joint venture is taking further steps into shipowning with newbuilding orders, and now a secondhand purchase
Veteran VLCC emerges in fleet of Hong Kong start-up after $30m sale Price for the renamed Dennie dwarfs scrap value, as older tankers remain in demand
Container carriers brace for market turbulence amid talk of resuming Suez transits Congestion expected as shorter transits and more than 2m teu of additional capacity flood the market
IMO net-zero deal not a 'must-have' for CMB.Tech's green fuels wager, CEO says Cost of low-carbon bunkers and like-minded partners are key drivers, not legislation, according to Alexander Saverys
Havila Kystruten in $525m refinancing package led by Arctic and Fearnleys Bond debt and shareholder loans refinanced by 15-year lease facility
Eni sifts offers for LNG carrier newbuildings as Edison homes in vessels Two Italian energy companies are tyre-kicking on offers for tonnage to take on long-term charter
Tanker rates and shares split: VLCC banks $140,000 per day as equities slide Sanctions relief fears spooked investors on Tuesday, but Wednesday saw a 15-year-old VLCC fixed at nearly $141,000 per day
Early Red Sea return is just wishful thinking by Suez Canal Authority As long as Yemen's Houthi rebels control the Bab el-Mandeb strait, traffic will depend on their whims
Advantage Tankers offloads older suezmax to Greek owner in 'robust' market Swiss owner confirms broker report of disposal ahead of deliveries
Pending Red Sea return is just wishful thinking by Suez Canal Authority As long as Yemen's Houthi rebels control the Bab el-Mandeb Strait, traffic will depend on their whims
BHP and NYK renew their vows to decarbonise dry bulk shipping Australian miner and Japanese owner extend cooperation that began in 2022
WinGD sees over 500 first-generation existing X-DF that could benefit from retrofits Marine power company puts a figure on operational savings offered by emissions cuts and improved efficiency
Full-fledged Red Sea return is just wishful thinking by Suez Canal Authority As long as Yemen's Houthi rebels control the Bab el-Mandeb Strait, traffic will depend on their whims
'Cash is king': Why Diana Shipping's 'bizarre' bid for Genco could pay off Greek owner is gunning for a bigger rival in a deal that is turning heads well beyond Wall Street
Marinakis and Georgiopoulos clear out product tankers as S&P market springs to life Surfeit of deals for midsize clean carriers sweeps across the secondhand market
Investigation exposes swathe of US bridges that don't meet ship strike standards Nearly half of bridges built over shipping channels before 1996 have yet to be assessed for vulnerability
New sales push underway for Hyundai LNG Shipping Indonesian buyer said to be in the running for South Korean owner
Performance Shipping aims to tap into hot charter market as aframax tanker exits deal Greek owner has plenty of cash to explore growth opportunities
How one nuclear-powered container ship could save its owner $68m every year Lloyd's Register study suggests that nuclear creates a big competitive advantage for operators and charterers
Giant African refinery to suck in more tankers as it aims to become world's biggest Tanker trades set for another shake-up as Dangote taps Honeywell to help with growth plan
Polembros tanker takes Red Sea route to deliver Saudi crude to Syria Suezmax Reliable Warrior brings in second and final shipment in deal with giant producer
Up-and-coming Dubai tanker broker pushes into Singapore with new hires After launching in the Gulf in 2023, Harbour is adding three from Clarksons
Safe Bulkers profit recovers in third quarter thanks to vessel sales and better markets Owner keeps steering clear of geopolitical hot spots but 'monitors' situation for eventual return
Tanker operators keep pressure on for global decarbonisation programme Voice of independent operators, Intertanko, says members will use delay in global talks to assess best technologies for cutting emissions
Banking and shipping veteran Carl Steen replaces Marc Saverys on CMB.Tech board Bimco executive Gudrun Janssens also joins Belgian owner as Julie De Nul leaves
CMB.Tech beats the street with tanker and bulker markets 'roaring back' Belgian shipping giant more than doubles revenue in third quarter
CMB.Tech reveals major order for new type of extra-large wind farm vessels First in potential series of six MPASVs due from Damen in 2028
Chinese bulker carrier up for grabs on GSE auction platform The Guang Zhou Fa Zhan 2 heads for auction amid muted interest
Internet mogul launches new cruise venture out of Singapore World Cruises is launching in December using a converted Moby Lines cruise ferry
Beyond US port fees: China remains 'gravitational centre of world shipbuilding' Domestic orders fuel the revival of previously collapsed shipyards
CMA CGM poised to 'fully resume' Red Sea transits in December, Suez Canal officials claim French liner giant has yet to confirm large-scale return, although it has been sending some ships through the region with naval protection
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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