U.S. port fees on China-built ships? Carriers weigh their options The prospect of U.S. port fees being imposed on Chinese-built ships is keeping shipping analysts busy. As we reported earlier, in response to a petition filed by U.S. unions back in March
STAX Engineering raises $70M, starts carbon capture trials Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering reports that it has raised $70 million in funding and is launching carbon capture trials with onboard carbon capture technology innovator Seabound. STAX
Ammonia-fueled ammonia bunkering vessel gets ClassNK AiP Ammonia-fueled ships are on their way and ClassNK has now issued an Approval in Principle (AiP) for an ammonia-fueled ammonia bunkering vessel It is being jointly developed by NYK Line and Seatrium,
Maersk and Kenya Ports Authority launch maritime training programme Maersk and Kenya Ports Authority announced the launch of a maritime training programme, aiming to enhance Kenya's maritime sector and bolstering the country's Blue Economy. The launch event saw the presence of Abdulswamad Shariff Nassir, Governor of Mombasa County, along with representatives from the Royal Danish Embassy in Nairobi, Bandari Maritime Academy, Shippers Council Eastern Africa, and K
ClassNK issues AiP for ammonia-fuelled ammonia bunkering vessel ClassNK has granted an Approval in Principle (AiP) for an ammonia-fuelled ammonia bunkering vessel, developed collaboratively by Nippon Yusen Kabushiki Kaisha (NYK Line) and LMG Marin AS (a Seatrium Group member). As the maritime industry moves towards decarbonization, ammonia fuel is anticipated to play a significant role, making bunkering vessels crucial in the fuel supply chain. This particula
Feeder ships now in demand as availability drops Boxship chartering activity has turned to the feeder sizes, as supply in this size segment starts diminishing. MB Shipbrokers (formerly Maersk Broker) said the market managed to gain some momentum the past week. "We forecasted increased activity in the 2,500 -2,800 TEU segment - and we have indeed seen a pick-up in discussions, with a few units reportedly fixed on subjects for a variety of period
Mid-sized box carriers active in fleet expansion Acquisitions and newbuildings saw mid-tier liner operators expand their fleets beyond the market average for 2024, according to Alphaliner
Ireland's Shannon Foynes Port proceeds with expansion project Shannon Foynes, Ireland's second-largest port, is expanding to enhance its position as an international logistics hub. The two-year project will add 117 meters of jetty length, supporting the offshore renewable development and easing congestion at Dublin Port. To equip this new infrastructure, ShibataFenderTeam supplied seven sets of Double CSS Cell Fenders 1000 with closed-box steel panels (7600
EU initiatives to enhance green fuels for aviation and shipping, yet raise concerns with delayed 2040 climate target European green transport group Transport & Environment (T&E) has praised the new European Union (EU) initiatives aimed at reducing energy costs by increasing the deployment of renewable electricity and enhancing trade and investment in clean technology. Despite this, T&E expressed concern over the EU's decision to postpone proposing a climate target for 2040, viewing it as an alarming signal. The
West Coast ports regained ground in 2024 H2 Danish maritime data analysis firm Sea-Intelligence has analyzed the shift in container volumes from the East to the West Coast during the second half of 2024. The following figure shows the ratio of laden imports between the East and West Coast of North American ports. A figure higher than 1 represents more volumes being handled by the West Coast ports, whereas a value lower than 1 means more vo
Ports of Rotterdam and Antwerp-Bruges call for Clean Industrial Deal swift implementation The two largest European ports, Rotterdam and Antwerp-Bruges, have welcomed the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry. The two mega container ports in the Netherlands and Belgium support the strategy for bundling economic strength and a sustainable transition, emphasising that it's time to concretise the announc
ONE expands Africa services with new Nigerian port calls Ocean Network Express (ONE) has enhanced its WA1 and SW2 services by offering additional calls at Nigeria's Onne and Lekki ports. The new service port rotations will be as follows: WA1 service Current: Shanghai -> Ningbo -> Nansha - Singapore -> Port Kelang -> Apapa -> Tincan -> Cotonou -> Tema -> Lome -> Port Kelang -> Singapore -> Shanghai New: Shanghai -> Ningbo -> Nansha - Singapore -> Port K
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Qatar to invest US$10 billion in India, strengthening trade and maritime ties Qatar plans to invest US$10 billion across multiple sectors in India, as announced in a joint statement following the visit of Qatar's Emir, Sheikh Tamim bin Hamad Al-Thani, to New Delhi. "Trade was a key focus of our discussions. We aim to expand and diversify the trade connections between India and Qatar," Indian Prime Minister Narendra Modi stated on X. The investment will target infrastructur
Carisbrooke seals $27m newbuild financing UK owner Carisbrooke Shipping has secured financing for its newbuilding programme in the Netherlands. Germany's KfW IPEX-Bank is backing the construction of two 7,700 dwt general cargo vessels at Thecla Bodewes Shipyards with around €26m ($27.3m). The ships in the so-called Labrax series have modern diesel-electric propulsion, with an option for future conversion of the ...
Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm Belgian marine contractor Jan De Nul will provide its 2023-built heavy lift vessel Les Alizés to transport and install the monopile foundations on the Inch Cape wind farm offshore Scotland. The wind farm will comprise 72 turbines sited in the North Sea off the Angus coast with a total installed capacity of 1080MW. The project ...
Costamare spinning off bulkers business New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in addition to the dry bulk ...
BP cuts renewables investments by $5bn, sets sights firmly on oil and gas UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the company's underperformance compared to its main rivals such as Shell and ExxonMobil. For example, BP shares have risen by 36% ...
Argentina repeals 1973 ban to resume livestock shipments While much of the world is pushing back from carrying live animals by sea, one South American nation is gearing up to return to the livestock trades after a 52-year absence. Argentina has repealed a 1973 ban on livestock exports saying the decision was based on the Javier Milii-led government policy to promote "an economic ...
BW LPG snaps up modern VLGC VLGC owner and operator BW LPG is adding another modern gas carrier to its owned fleet. The dual-listed unit of Singapore's BW Group has exercised a purchase option on the 2020-built BW Yushi for around $70m. The vessel, estimated by Veson Nautical's pricing platform VesselsValue at $96.5m, will be delivered from Singapore's Grace Ocean Investment ...
Golden Energy Offshore nets vessel deal hat-trick Norway's Golden Energy Offshore Services (GEOS) has won a batch of deals for three of its vessels with unnamed international majors. GEOS said in an Oslo Bors filing that it secured a firm deal for the 2019-built multipurpose support vessel (MPSV) Energy Dutchess until September 1, 2025, with one six-month extension option. The company also ...
60 days to go until Geneva Dry The second enlarged edition of Geneva Dry is just 60 days away with close to 200 companies signing up to attend the world's premier commodities shipping summit. The global dry bulk event is on track to surpass last year's 600 delegates figure and can report 53 brands have signed on as sponsors with 60 top ...
Eastern Pacific secures financing for neopanamax boxship duo Singapore-based Eastern Pacific Shipping (EPS) and SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, have signed a financing agreement for two newbuild LNG dual-fuel neopanamax containerships. The agreement strengthens the longstanding collaboration between the two companies. Looking ahead, the two firms will look to develop more green, energy-efficient, and environment
Shipping central to EU's new Clean Industrial Deal The European Union has unveiled its Clean Industrial Deal that will prioritise the domestic production of renewable fuels for aviation and shipping, among a host of measures worth more than EUR100bn ($105m) designed to green many industry sectors. "The EU needs to secure access to such materials and reduce dependence on unreliable suppliers. Integrating circularity ...
Smart Container Alliance launches The Smart Container Alliance has been launched to drive the adoption of 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, advocate for ...
The death of scheduled maintenance Joy Basu, CEO of Smart Ship Hub, on why shipping needs to think predictive and not scheduled when it comes to looking after vessels. The transition to predictive maintenance is not just an upgrade it is the future of shipping as companies in their droves adopt technical innovations to ensure the best possible standard of ...
Shadow LPG carrier fleet swells as Iran crackdown looms Largely flying under the radar, a fleet of LPG carriers with 5.1m cu m of capacity has been shuttling billions...
FuelEU strategy should mean more than just biofuels Companies have been warned not to rely only on biofuels for FuelEU Maritime compliance, since the volumes required in coming...
Vessel sales drive CMB.Tech fourth-quarter profits The Belgian company recorded $870.8m of profit for the 2024 financial year, up from $858m in 2023
Heidmar eyes growth after merger and listing Heidmar is in the process of expanding its network to Houston
Ports and terminals insurance enticing new entrants Navium, IQUW and Volt attracted to niche that is now making money, while Pen's BBM expands in North America
Hafnia hopes sanctions will deter clean tanker cannibals Tightening crude tanker supply because of increased sanctions will drive up dirty rates and deter 'cannibalisation' of clean rates, Hafnia...
Costamare unveils spin-off plan for dry bulk division Result intended to create two separate NYSE-listed pure-play companies that may appeal to different investor bases
A third of shipping will run on ammonia, MAN predicts MAN Energy Solutions said more than 300 single-cylinder and full-scale engine tests have showed a 90% CO2 equivalent reduction
Gloomy horizon for tankers with geopolitics and trade in disarray Tanker shipping faces significant uncertainty from geopolitical tensions and evolving trade flows. Asset prices seem to have peaked with newbuilding...
Bulk carrier values to rise on ship scarcity Values of dry cargo carriers have stabilised since the end of 2024 but appear set to head upwards
Argentina repeals 1973 ban to resume live animal exports The move is designed to make Argentina more competitive in the livestock market, the country's Ministry of Economy said
The Daily View: Urgent action Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Yangzijiang Shipbuilding delivers record profits but cautions on order risks amid US-China tensions The important, privately owned Chinese shipbuilder warned of near-term downside risks for new orders from supply and geopolitical concerns
CULines launches Dubai headquarters to grow Middle East business New entity will take over CULines' Middle East and Mediterranean regional services, with plans to launch a new product in...
Daily Briefing Diverging sanctions strategies could leave shipping in an 'impossible' situation | EU clean industrial deal receives cautious welcome from shipping...
US port tax would scramble ocean services, raise shipper costs: Drewry The cost of the US Trade Representative's proposal for levying fees on Chinese ships and ocean carriers would fall to US shippers, who would also face fewer service options, the analyst says.
China tariff uncertainty gives trans-Pacific business cloudy outlook: Matson While the US-based carrier experienced a strong 2024, growth this year is under threat due to tariffs and the unknowns involving when Red Sea transits will resume.
MSC pulls megaships from Asia-North Europe network: Alphaliner The carrier has replaced the huge vessels with smaller ships in a move to cut capacity and reduce pressure on rates that have plummeted since the start of the year, according to the analyst.
India-US carriers attempt strategic capacity cuts to prop up March GRI plans Newfound pricing power for carriers has halted the steady rate declines seen on the trade since last August.
Norwegian forecasts $1bn profit despite 'hard-to-speculate' tax threat from Lutnick Cruise line reports better-than-expected quarterly earnings
Delta Corp named by Baltic Exchange over claims of unpaid bills Bulker operator's CEO said it plans to go public remain unchanged
Excelerate CEO says FSRUs provide 'cheap insurance' for Europe's gas buyers Regasification specialist has been inspecting LNG carriers for planned secondhand buy
Background of the deal: How fleet diversity helped International Seaways pull a swap Management explains how company got younger with three MRs
Golar eyes broad span of FLNG units including massive 5-mtpa newbuilding Company's discussions with charterers cover wide range of sizes
Golar plans to green-light fourth FLNG unit once charter secured on third unit Floater specialist in 'multiple commercial discussions' on under-conversion vessel
Trump threatens to hit China with another 10% in tariffs as trade threats pile on Move comes after president threatens 25% duty on EU and ending pause on Mexico and Canada measures
International Seaways re-stocks buyback war chest after upside quarter Diversified New York owner confirms tankers swap with party said to be Sinokor
CoolCo seeing LNG carriers 'going warm' as ships idle in weak market 'Winter was cancelled' for LNG carriers in 2024, CEO says
Funding helps UK carbon capture start-up forge partnership with California tech firm STAX will add CO2 capture to list of barge and truck-mounted emissions capture services
BW LPG banks on its size to shield it from US-China trade 'disruption', CEO says Kristian Sorensen says world's biggest VLGC fleet will be positioned optimally in case of tariffs
Dividends or buybacks? Genco's John Wobensmith reignites age-old debate Why sagging valuations may persist regardless of approach
Bulker crew save 34 seafarers from burning fishing boat Seafarer turn firefighters in dramatic operation
MAN Energy Solutions names launch date for commercial sales of ammonia engines Designer reveals test details and discussions for boxship newbuilding
M&M Bank says owners' rush to pay back loans is levelling off Niche Norwegian shipping lender fell to a loss in the fourth quarter as the tax bill rose
Hill Dickinson beefs up Piraeus desk with Marshall Islands specialists Denis Reeder and Damien Magee relaunch their joint firm as part of Hill Dickinson's Greek offering
International Seaways doubles stock buyback war chest after upside quarter Diversified New York tanker owner confirms tankers swap with party said to be Sinokor
Costamare plots New York listing for 38-ship bulker fleet spin-off Greek group forming Costamare Bulkers Holdings to boost value and financing options
Death threat? How Eletson legal battle just got uglier Vasillis Kertsikoff tells judge of 'photo of a grave' while Murchinson cites 'desperate act of fabrication'
Olsen family's Bonheur pushes up profit in positive wind and cruise shipping markets Oslo-listed holding company saw utilisation fall due to yard stays and repositioning in the fourth quarter
Carisbrooke inks $27m fleet renewal financing with KfW IPEX-Bank Two 7,700-dwt general cargo vessels to be delivered in 2026
Idan Ofer's Eastern Pacific taps Chinese financing for container ship brace Collaboration is owner's second Chinese financing deal
How warming US relations with Moscow could have 'major impact' on Russian crude flows to India India looks for the cheapest oil, but also sticks to US blacklist, raising questions about its crude sourcing
CoolCo crashes 13% after shock dividend cut to zero Yield support is gone, Arctic Securities says
Tsakos group stalwart John Stavropoulos dies in Athens at 92 Finance veteran was Tsakos family mentor and company chairman for two decades
Hafnia dives 10% after earnings miss and 'soft' guidance Rising loan-to-value hits dividend payout ratio
Taylor Maritime boss Ed Buttery boosts stake in $800,000 share deals Bulker company's CEO snaps up stock in London
Equinor taps shipbuilders for suezmax shuttle tanker newbuildings Norwegian energy company moves to flush out berths for new North Sea vessels
BW LPG shares rise after earnings beat and strong dividend Company declared a dividend of $0.42 per share
Nordic American Tankers swoops on Eastern Pacific suezmax pair US-listed owner follows up on pledge to grow fleet
Shipping deals boost MPC Capital assets by $1bn as Castor Maritime takes over German investor working on more transactions linked to global fleet renewal
'Consolidator' ZeroNorth seals $20m debt finance deal to drive new takeovers Danish optimisation platform agrees deal with CIBC Innovation Banking
Loss-making Hunter Group sees cause for hope as improving market narrows rate margin VLCC charter play loses $3.8m in fourth quarter
Hafnia sees crude tanker 'cannibals' clearing out as sanctions boost dirty demand Product tanker giant hopeful of turnaround after weaker fourth quarter
BW LPG buys bargain VLGC as it backs belief in 'supportive' market trends Singapore owner adds to owned fleet again after taking delivery of Avance Gas vessels
Spot market deployment for two LNG carriers 'weighs' on CoolCo's results No dividend declared as charter rates 'languish at below economic breakeven'
Old suezmax sales prop up CMB.Tech profit in slow markets Former Euronav sees itself 'well positioned' in 2025 after taking delivery of 20 newbuildings last year
Frontline linked to suezmax sale as John Fredriksen-backed outfit moves on from older vessels Oslo and New York-listed tanker owner reportedly sells 2011-built vessel for more than $40m
Strong newbuilding price bolsters Yangzijiang Shipbuilding's earnings Yard net profit jumped by 61.7% to $909m
Seacon Shipping finances second bulker newbuilding through Japanese leasing deal Chinese owner fixes funding for handysize bulker due from Namura this year
Eastern Pacific Shipping marks first move into wind-assisted propulsion Bound4blue installs three suction sails on tanker
Cosco defies US port fee threat with multimillion-dollar newbuilding haul Chinese shipping giant has approached state-owned and private shipyards for the new vessels
Excelerate Energy poised to buy LNG carrier as first FSRU conversion candidate CEO hails 'exceptional year' for company yielding 'record results'
US chassis makers allege foreign dumping again U.S. intermodal chassis manufacturers are again asking the federal government for protection against chassis made in Mexico, Vietnam and Thailand.
Southern California port, NYK Line team on green auto shipping corridor The U.S. Port of Hueneme and ocean carrier NYK Line (OTC: NPNYY) have signed a memorandum of understanding (MOU) to establish a green automotive shipping corridor between Japan and Southern California. The signing ceremony took place on Feb. 12 at the port, the companies said in an announcement. "The MOU solidifies the commitment of both [...]
Has the e-commerce bubble burst for air cargo? Air cargo's hot run had to cool off at some point, but new U.S. trade measures against Chinese parcel shipments mean the industry could be in for a surprisingly quick reversal of fortune.
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