GT Wings wins £1M grant to advance AirWing jet sail technology U.K.-based wind propulsion GT Wings has been awarded an additional £1 million in government supported funding to further develop its AirWing. Unlike conventional wind propulsion devices, AirWing is a jet sail. It
Hamburg fleet advances toward climate neutrality Hamburg Fleet reinforces its role as an innovation driver in low-emission shipping through a consistent and forward-looking environmental strategy. At the heart of this approach is the electrification of the city's fleet of vessels. However, recognizing that not all vessels can be electrified with current technology, Hamburg Fleet is now trialling alternative low-emission fuels to further its zer
X-Press Feeders hit with US$1 billion damages for X-Press Pearl disaster Sri Lanka's courts have ordered X-Press Feeders to pay US$1 billion in compensation for the environmental damage resulting from the X-Press Pearl fire off Colombo in May 2021. The decision, announced on 24 July, has disappointed the Singapore-based company. The first instalment of US$250 million must be paid by 23 September 2025. By end-January 2026, another US$500 million should be paid, and the
Port of Gdansk sustains strong performance in first half of 2025 The Port of Gdansk closed the first half of 2025 with robust operational and financial results, reinforcing its position as a key logistics hub in the Baltic Sea and Central and Eastern Europe. A total of 38.3 million tonnes of cargo were handled at the port's quays, marking a 0.4% increase compared to the same period in 2024. Net sales profitability reached 56%, and net profit surged by 40% year
Port of Great Yarmouth announces expansion The Port of Great Yarmouth is moving forward with an expansion of its Southern Terminal at the Outer Harbour, responding to rising demand from developers and construction firms engaged in major onshore and offshore infrastructure projects. The planned development includes the construction of an additional 350 metres of quay, a Roll-on/Roll-off (RoRo) ramp, a heavy lift pad, and approximately 10 h
Air Liquide commits to renewable hydrogen plant at Maasvlakte Air Liquide has reached the Final Investment Decision for the development of "ELYgator," a large-scale renewable hydrogen production facility to be built at the Maasvlakte conversion park in the Port of Rotterdam. The plant, based on a 200 MW electrolyzer, will use electricity from offshore wind farms in the North Sea to split water into hydrogen, marking a significant step toward the port's ambi
Yamna to develop green hydrogen and ammonia project YamnaCo has signed a Memorandum of Understanding with the new and renewable energy Development Corporation of Andhra Pradesh, marking a significant advancement in its strategy to establish a large-scale green hydrogen and ammonia facility in India. The agreement, signed on 18 July 2025, outlines Yamna's commitment to developing a phased, grid-connected green ammonia project with a targeted capaci
How container shipping alliances are racing to digitize in 2025 In 2025, the four dominant groupings of global container carriers are not just competing for market share. They're racing to digitize operations, optimize fleet movement, and future-proof themselves with technology-first strategies. This is the year when container shipping's future stopped being about bigger ships and became about smarter systems. This content is locked Select a CN Premium Subscr
Wärtsilä's launched advanced simulator for Malaysian maritime education Wärtsilä officially opened a new advanced simulation suite at the Akademi Laut Malaysia maritime training facility. ALAM operates as the educational division of Malaysia International Shipping Corporation Berhad, which is part of the Petronas group. The training facility is situated in Melaka, with views of the active Straits of Malacca. The implementation of Wärtsilä's cutting-edge simulator tec
KWE Obtains SBTi Validation for Greenhouse Gas Reduction Objectives Kintetsu World Express announces that the Science Based Targets initiative has validated its near-term and long-term net-zero science-based greenhouse gas reduction objectives. Established in 2015 through a collaborative effort between UNGC, WWF, WRI, and CDP, SBTi works to limit global average temperature increases from climate change to 1.5°C above pre-industrial levels. To accomplish this obje
Kuehne+Nagel increases market position in sea and air logistics during first half of 2025 The Kuehne+Nagel Group delivered strong operational results in the first half of 2025, navigating various external headwinds successfully. Net revenue rose 8% year-over-year to CHF 12.5 billion, representing a 12% increase when accounting for currency fluctuations. EBIT reached CHF 744 million, while earnings totaled CHF 555 million. Volume growth was particularly notable in Air Logistics. First-
HD Hyundai initiates collaborative US shipbuilding venture HD Hyundai announced that representatives from its American shipbuilding partner, Edison Chouest Offshore, traveled to Korea to review comprehensive plans for the collaborative construction of container ships in the United States. A delegation of over 10 senior executives and engineers from ECO, headed by CEO Dino Chouest, visited Korea from Tuesday, July 22nd through Wednesday, July 23rd. Throug
MSC announced changes in EMUSA service MSC has announced modifications to the routing of its EMUSA service. As a result, Malaga will replace Algeciras as a port of call, effective with the MSC Magnum VII vessel on voyage MZ530A. The updated port rotation will include: Aliaga - Tekirdag - Piraeus - Iskenderun - Haifa - Fos-sur-Mer - Barcelona - Valencia - Malaga - Sines - New York - Philadelphia - Norfolk - Charleston - Savannah If you
Gebrüder Weiss strengthens El Paso operations Gebrüder Weiss has announced the relocation of its El Paso, Texas operations, marking an enhancement to its expanding presence across the southwestern United States. This strategic move supports the company's continued commitment to enabling cross-border commerce between the United States and Mexico. The company anticipated the trend toward nearshoring, and appointed industry expert Antonio Acuña
Post-Panamax boxship pair freed after changing hands from Russian owners Two Russian-owned post-Panamax container ships that were detained in Malta for three years, have been transferred to entities linked to German tonnage provider Hammonia Reederei. The 2006-built 8,204 TEU ships, formerly called MSC Bilbao and MSC Valencia, were detained since mid-2022, because of sanctions on their previous owner, Russian state-owned leasing company GTLK Joint Stock Company. This
AD Ports Group opens first office in China AD Ports Group has opened its first office in China. The new base in the Beijing-Tianjin region marks a major step in its global expansion. The office will lead the Group's investment and commercial activities across China and Asia. It also brings the Group closer to key partners, clients, and government bodies. Noatum Logistics, the Group's logistics arm, will run a commercial branch from the sa
Japan's shipbuilding actions targets US market with global ripples In a move poised to reshape global shipping dynamics, Japan has cast its anchor deep into the heart of the American shipbuilding industry. A sweeping $550 billion investment deal between Tokyo and Washington signed in tandem with a trade pact that slashed US tariffs on Japanese vehicles has opened the door to an unprecedented level of industrial collaboration between the two Pacific allies. At th
Swiss WorldCargo joins enhanced partnership Swiss WorldCargo has announced its participation in the established joint business agreement between Lufthansa Cargo and United Cargo, expanding cargo customers' access to increased flexibility and transport solutions through enhanced direct transatlantic connections between Europe and North America. Lufthansa Cargo and United Cargo have maintained a successful joint business partnership over rec
Toll Group partners with Coca-Cola Europacific Partners to launch cross-docking facility Toll Group has officially launched a new cross-docking facility in Queanbeyan, developed in collaboration with Coca-Cola Europacific Partners. This strategic initiative strengthens CCEP's expanding regional distribution operations throughout New South Wales and the Australian Capital Territory. Operating under Toll's management, the facility has commenced full operations, with seven CCEP vehicles
Splash Wrap: Mines, mishaps, and Moscow Russian shipping news was a near-constant on Daily Splash - our free newsletter - throughout the week. A new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels created some tanker turmoil with a temporary halt on foreign oil tanker loadings at key Black Sea export hubs reported mid-week. The ...
North Sea platforms at risk as hundreds of workers move toward strike Around 350 offshore workers are looking to go on strike over pay disputes with Repsol, CNOOC, and MCL Medics. UK's largest offshore trade union, Unite, said that the workers employed by the three companies are all involved in strike ballots or forthcoming industrial action on offshore platforms. Over 200 Repsol workers have rejected several unacceptable ...
Sapura Energy lands offshore deals in Thailand worth over $118m Malaysian offshore services player Sapura Energy has secured a pair of offshore contracts in Thailand worth more than $118m, marking a fresh boost for the company's regional backlog. The awards were handed to Sapura's wholly owned Thai unit, Sapura Energy (Thailand), and cover an offshore installation and removal campaign from Chevron as well as subsea ...
Keyfield bags more work with Petronas Carigali Offshore support company Keyfield International has secured an extension and a new contract from Petronas Carigali, both for accommodation vessels. The new deal with Petronas Carigali was awarded to Keyfield's subsidiary Keyfield Offshore. The contracts for the vessels will last approximately four months, with an optional one-month extension. Work will start in the third quarter ...
Nova Marine Carriers accelerates handysize fleet growth Swiss dry bulk operator Nova Marine Carriers has cemented its position as one of the most active players in the resurgent handysize S&P market, acquiring its third handysize bulker since April as part of a strategic fleet expansion centred on Japanese-built tonnage. Its latest acquisition, the 25,000 dwt Lucky Trader (built 2011), was purchased for ...
Valaris jackup trio wins $138m in contract extensions New York-listed offshore driller Valaris has been awarded contract extensions for three of its jackups. The company won a four-year contract extension for the 2015-built Valaris 110 jackup offshore Qatar. The contract extension is expected to begin in October 2025 in direct continuation of the existing contract. The contracted revenue backlog for the four-year extension ...
West Africa now drives one in seven cape cargoes West Africa now represents 14% of capesize liftings as compared to 6% three years ago, according to new data from Jefferies, an investment bank. The redrawing of the global cape trading map has been driven by strong bauxite export growth, mainly out of Guinea. Cape volumes out of West Africa are up 31% this year, ...
Sri Lanka's top court orders $1bn payout over X-Press Pearl disaster Sri Lanka's Supreme Court has ordered the owners and operators of the X-Press Pearl container vessel to pay $1bn in compensation for the devastating environmental and economic damage caused when the ship caught fire and sank off Colombo in 2021. Described by the court as "the most severe marine environmental catastrophe in the country's history", ...
Greece deploys salvage vessel to Red Sea amid renewed Houthi threats Greece has dispatched a salvage vessel to the Red Sea in response to a spike in maritime attacks by Yemen's Houthi militants, including the recent sinkings of two Greek-operated bulk carriers. The deployment comes as part of emergency measures to protect seafarers and safeguard global trade routes, Greek shipping minister Vassilis Kikilias announced Thursday. The ...
Sea Legend launches China-Europe Arctic container service Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe-nearly halving the 30 to 50 days typically required via the Cape ...
Freight as a combination of science and art Willem Vermaat, shipping director at Heidelberg Materials Trading, shares his perspective on the intricacies of dry bulk shipping. What is the challenge in calculating freight? It's not rocket science, is it? Or is it perhaps a form of art? Fundamentally, freight is a simple equation; total expenses divided by cargo intake gives freight per metric ...
Massive fraudulent flag operation linking over 20 separate fake sites uncovered A Lloyd's List investigation has revealed the connections between the rapidly growing number of fraudulent ship registries being used by...
Vitol seeks arrest of Iranian-owned, US-sanctioned VLGC Tinos I Lloyd's List began its investigation of Tinos 1 before it arrived on its maiden voyage to Houston in June 2024...
Green hydrogen can work for shipping despite industry woes, say analysts The IMO's carbon price and its huge net zero fund for subsidising green hydrogen-based e-fuels mean it can become a...
Refusing ports of refuge is NIMBYism at sea If littoral states aren't bound to offer ships assistance, they won't do so
Don't waste efficient bulkers on lengthy port calls, says operator Owners will have to be smarter about where they deploy their most efficient vessels if they are to maximise emissions...
More Trump trade deals spell more trouble for transpacific Uncertainty is bad for trade, but so is certainty - if you are certain your cost of goods will be...
Pool claims looking benign so far this year International Group clubs are hoping for a return to the levels of 2022-2023 and 2023-2024 after last year's record deficit
X-Press Feeders handed $1bn fine for X-Press Pearl casualty Sri Lanka's supreme court has ordered the boxship's owner and charterer, which includes X-Press Feeders, to pay the first instalment...
The Daily View: The frozen north
Daily Briefing Opportunistic Chinese carrier targets premium cargo with direct Arctic route to Europe | Dry bulk shipping stocks follow spot rates...
Trucking intelligence provider expands visibility product into drayage market GenLogs is offering data on shipper drayage volumes, available carriers and asset location at the Port of Miami as part of a broadening of its highway sensor-based platform.
Ocean frontloading cuts air freight demand on trans-Pacific The 90-day pause in tariffs was long enough for US importers to advance most of their cargo shipments by ocean, according to analysts.
Wave of Asian boxes to hit congested North Europe ports in August-September Double-digit demand is expected to continue through the third quarter on the Asia-Europe trades, piling more pressure on terminals that have been overstretched for months.
Bulker duo lock in period charters at rates below spot market Diana Shipping ultramax chartered by Cargill
African trade pulling in huge container ships shifted from other routes Asia to Africa trade accounted for nearly one-quarter of additional boxship capacity in past year
This is how to make green fuels bankable, says Decarb Hub boss Synch energy production and fuel procurement to advance maritime drive to net zero
'Disappointed' X-Press Feeders weighs appeal after $1bn fine for boxship blaze Singapore owner considers legal options after judgment in Sri Lanka
UK clears path for $240m Kpler deal after competition probe closes Antitrust investigation began in April and has now cleared the final hurdle
Russia-linked ships among vessels turning away from sanctioned Indian refinery Nomadic aframax opts for different facility after Vadinar refinery was sanctioned
Minerva Marine joins feeder ordering frenzy with up to eight newbuildings Greek owner approaches two yards in China
Taylor Maritime boss Ed Buttery facing pay cut this year as dual CEO role comes to an end Bulker owner's chief executive banked $1.43m for latest financial year as bonus grew
2020 Bulkers returns to the derivatives market to hedge earnings for two newcastlemaxes Shipowner has explored risk management through derivatives trades this year
Drone used to fly bunker fuel to ship in delivery 'first' Samples were landed on a vessel in Singapore
Crude tanker demand set for boost as US poised to renew Venezuela licences Boost for mainstream trade as oil companies to be granted new export permits
Bulker lost rudder at sea due to incorrect reassembly during dry-docking Taiwanese vessel narrowly avoided grounding off New Zealand as a result
VLGC rates hit $70,000 buoyed by strong demand, brokers say Firm chartering demand continues in Asia and the US
Shandong Shipping shifts bulker brace at auction amid frenzy of interest from buyers Kamsarmax pair went under the hammer on Friday for well in excess of their reserve prices
Drone used to deliver bunker fuel to ship in claimed first Samples of fuel were landed on a vessel in Singapore
Bomb threats prompt key Russian port to insist on ship hull checks before docking At least seven ships have been targeted after calling at Russian ports
'Multibillion-dollar liquidity gap': New bunker financing platform launches in Singapore Digital bank GLDB and start-up 129Knots aim to address the liquidity crunch facing the marine fuel industry
Trafigura and Frontline venture completes first bunker delivery to tanker by drone Samples of fuel were landed on a vessel in Singapore
Bulker lost rudder at sea due to incorrect reassembly during drydocking Taiwanese vessel narrowly avoided grounding off New Zealand as a result
Bomb threats prompt key Russian port to insist that ships have their hulls checked before docking At least seven ships have been targeted after calling at Russian ports
Greek-owned ship taking on water after Crete grounding Fourteen seafarers brought safely on land with coastguard on standby
Taylor Maritime profit hit by $113m fleet revaluation London-listed owner sees ship values fall from historic highs in mid-2024
London Greek owner Helikon Shipping puts three bulkers up for sale Owner will be 'sorry to see' refurbished pair go, even though they are oldest in its fleet
Three killed after explosion rips through dredger in suspected mine blast Vessel believed to have hit a mine while on scheduled dredging work at the mouth of the river
X-Press Feeders hit with $1bn compensation bill for 'worst marine disaster' in Sri Lanka First instalment of $250m must be paid by 23 September
Lively auction sale proves there is still life left in older bulk carriers Chinese owner's veteran bulker attracts strong buying interest at online auction
Alternative financing platform for bunker industry launched in Singapore Digital bank GLDB and startup 129Knots say they aim to address the liquidity gap in the marine fuel industry
Long-haul hope for tankers as Japanese refiners look to cure Middle East crude addiction Importers turning more to the US to diversify supply in uncertain times
CK Line inks deal worth up to $92m for feeder container ships Chinese yard will delivery vessels in 2027
Trade flows boost China, Europe ports while tariffs pain US gateways Despite U.S. tariff impacts, Drewry's Global Container Port Throughput Index rose modestly in May, but better year-on-year, indicating global trade flows are adjusting.
CMA CGM container vessel becomes largest under U.S. flag The CMA CGM Phoenix is the largest container ship to operate under U.S. colors after reflagging.
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