New Algoma Legacy takes Algoma Central fleet to 100 ships St Catharines, Ontario-headquartered Algoma Central Corporation (TSX:ALC), today took delivery of the Algoma Legacy. Built at Jiangsu Yangzi-Mitsui Shipbuilding (YAMIC) in Chin, it is the first of three new methanol-ready Kamsarmax-sized ocean
Trans-Asia launches third domestic loop in the Philippines Trans-Asia Shipping Lines has expanded its domestic network with the launch of the Zamboanga Express, according to Dynaliners. The addition brings the carrier's services to three, all centered on Manila and each operated by a single vessel. The current loops are: Cebu Express - 1 � 200 TEU: Manila - Cagayan de Oro - Cebu - Manila Davao Express - 1 � 1,100 TEU: Manila - General Santos - Davao - Ca
COSCO SHIPPING advances offshore wind transport COSCO SHIPPING Europe's 68,000 DWT methanol-ready vessel, Green Kotka , has set a new milestone in offshore wind transport. The ship successfully delivered 60 B81 turbine blades, each 82 meters long and weighing 85 tons. The project used a custom stowage plan and an innovative blade support structure, allowing double-layer stacking. This breakthrough doubles transport efficiency and overcomes pre
Heysham Port upgrades as hybrid ferry launches Heysham Port has completed the first phase of a £10 million upgrade, coinciding with the launch of Stena Line's first hybrid freight ferry, the Stena Futura. The 147-metre vessel began service last week, operating 12 sailings per week between the UK and Northern Ireland. A sister ship, Stena Connecta, is expected in early 2026. Together, they will boost Stena Line's freight capacity by 40%. Peel
Maersk PSS from Japan and Korea to South Africa and Mauritius Maersk has announced a revision to its Peak Season Surcharge (PSS) for shipments from Japan and South Korea to South Africa and Mauritius. The surcharge applies to all 20' and 40' dry containers at a rate of USD 100 per container. Nagoya, JP to Port Louis, MU Dry Container Surcharge Code 20DRY 40DRY 40 HC 45 HC BAS -Basic ocean Freight 5645 USD 5555 USD 5555 USD N/A DDF-Documentation fee - Destin
Why maritime trade still faces disruptions? The world's maritime highways are experiencing their most severe disruption in decades, as global seaborne trade growth plummets to a projected 0.5% in 2025, the slowest pace in years. The crisis reached a tipping point in November 2023 when Houthi attacks on commercial vessels in the Red Sea transformed one of the world's most critical shipping chokepoints into a danger zone
PortSide Stories: Durban Where the Indian Ocean Meets Africa's Beat Durban isn't just South Africa's busiest container port; it's a city buzzing with life, color, and coastal charm. Golden beaches, a melting pot of cultures, and a lively port make it a place where business and leisure blend perfectly. Flavors of the Indian Ocean Durban is famous for its Indian-influenced cuisine. Try bunny chow, a hollowed-out loaf of b
Aberdeen Web lifts 210t turbine for MeyGen Project Aberdeen Web (AWL by pewag) has supplied heavy-duty round slings for the safe lifting of a 210t tidal turbine at the MeyGen project in Scotland, the world's largest planned tidal stream array. The project is a key step in Scotland's transition to renewable energy. Lifting turbines in tidal environments requires precision. Strong currents, tight tidal windows, and limited deck space mean equipment
Railinc, Duke University partner to boost freight rail efficiency Railinc and Duke University's Christensen Family Center for Innovation (CFCI) have launched a collaboration aimed at solving key freight rail challenges with fresh ideas and student-driven innovation. The partnership will focus first on improving billing for railcar repairs, a process governed by hundreds of safety rules that often create delays and errors. Railinc's CarLogix platform already hel
Methanol-Powered VLOCs ordered for Vale Charter Qingdao Beihai Shipyard has placed an order for 10 Everllence B&W 7G80ME-LGIM methanol-fuelled engines to power a series of 325,000 dwt Very Large Ore Carriers (VLOCs). The vessels are being built for Shandong Shipping Corp. and Bohai Ocean Shipping Co. Ltd. and will go on long-term charter to Brazilian mining giant Vale S.A., transporting iron ore from Brazil to China. Each engine will be fitted
CMA CGM adds Thessaloniki call to Levant Red Sea Express CMA CGM has expanded its Levant Red Sea Express (LRX) service to include Thessaloniki, Greece. The adjustment, spotted by Alphaliner, strengthens CMA CGM's coverage in the eastern Mediterranean. To accommodate the additional call, a third vessel has been deployed on the loop. The updated rotation now connects Thessaloniki, Beirut, Jeddah, Lattakia, Iskenderun, Mersin, and returns to Thessaloniki.
TechnipFMC bags work on Exxon's seventh Guyana project Offshore contracting giant TechnipFMC has been awarded a contract to supply subsea production systems for ExxonMobil's Hammerhead development in Guyana's Stabroek Block. TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products from the Subsea 2.
Box rates rates sink to lowest levels since Red Sea crisis Container freight rates are sliding further, with Drewry's World Container Index (WCI) dropping 8% this week to $1,761 per feu - the fifteenth consecutive weekly decline. The fall is being felt across key trade lanes, with carriers struggling to hold the line despite capacity cuts. Spot rates from Shanghai to Los Angeles fell 10% to ...
Splash Wrap: UNCTAD flags fragile growth as container trade rearranges and capacity soars Several significant trends and forecasts led Splash coverage this week, from substantial expansion of container handling capacity to warnings that the overall global shipping environment is entering a period of fragile growth marked by geopolitical uncertainty, rising environmental compliance costs, and challenges like port congestion and the need for digital security. The United Nations Conferen
SLB to deliver services on up to 35 ultra-deepwater wells off Brazil Houston-based oilfield service giant SLB has been awarded a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the Santos Basin. The wells, which are part of the second development of the Atapu and Sépia fields, target massive pockets of oil and gas beneath thick salt layers, located ...
Noble drillship secures Ghana contract Offshore drilling giant Noble Corporation has won a new drillship contract with Amni International Petroleum Development Company in Ghana. Noble was awarded a deal for the Noble Venturer drillship, which is expected to commence once the rig is released from its current contract. The drillship should end its current contract in late 2026 or early ...
DOF lands $390m in Petrobras contracts, adds short-term vessel deals Norwegian offshore vessel owner DOF has won three service contracts with Petrobras and several short-term vessel deals in Brazil. The contracts, awarded by Petrobras following a competitive tender, are for the execution of subsea inspections as part of Petrobras' subsea inspection program. This is the third consecutive time such deals have been secured by DOF ...
68% of women in maritime say they've faced bias A new report from the Global Maritime Forum and All Aboard Alliance lays bare the invisible barriers that keep shipping's leadership ranks homogeneous - and warns that industry growth may be stunted if it can't tap its full diversity. The Diversifying Maritime Leadership survey - built on 108 in-depth interviews across sea and shore roles ...
Another yard joins LNG elite as DSIC delivers Sea Spirit China has gained another foothold in one of shipbuilding's toughest segments with Dalian Shipbuilding Industry Co (DSIC) delivering its first LNG carrier, the Sea Spirit, to China Merchants Energy Shipping. The 175,000 cu m vessel was handed over in Dalian earlier this week, marking the yard's entry into a sector long dominated by South Korea's ...
Bahri Chemicals inks first COA with Luberef to boost Saudi base oil exports Bahri Chemicals has signed its first contract of affreightment (COA) with Luberef, the kingdom's sole producer of virgin base oils, in a deal that underscores Saudi Arabia's push to strengthen domestic supply chains under the Saudi Inc. initiative. The agreement will see Bahri Chemicals, a subsidiary of national shipping giant Bahri, move base oil cargoes ...
Dry bulk entering fourth quarter with firm rate momentum Spot rates for capesizes, panamaxes and supramaxes are all near one-year highs. Dry bulk equities continue to follow rates upward...
Smoke spotted from gas tanker off Yemen amid reports of drone strikes in Houthi ports A US-sanctioned gas tanker carrying Iranian LPG caught fire off Ras Isa port last week as unconfirmed reports of mysterious...
Bio-LNG is not as easy an answer as it may seem Gas industry groups are pushing the IMO to go easier on taxing LNG, saying it's shipping's most obvious green path...
EU sanctions target non-Russian ships and companies but largely ignore fake flags A draft list of sanction targets included in the 19th EU package of measures targeting Russia suggests that the EU...
The rise and fall of container spot rates - and what it means for 2026 Two years is a lifetime in shipping markets. It's worth looking back to the pre-Red Sea crisis situation in the...
The last thing shipping needs is a shadow fleet 2.0 If we want to avert further scrutiny of what our industry does, we should stop inviting it
China takes advantage of Argentinian export tax break Argentinian President Javier Milei's government announced a suspension on export taxes for agricultural goods, and China has cashed in with...
Ukraine's intensified attacks targeting Russia's oil facilities to continue 'It is a high-impact/low-risk way for Ukraine to pressure the Russian economy and war machine,' said risk intelligence analyst Kristian...
2020 Bulkers sells half its newcastlemax fleet for $209m 2020 Bulkers agreed to sell three scrubber-fitted newcastlemaxes - Bulk Sandefjord, Bulk Santiago and Bulk Shenzhen - to an unnamed...
China secures 75% of third-quarter newbuild orders Important upcoming orders, including large containerships from Maersk and feeder vessels from South Korea's HMM, are expected to intensify competition between...
Is it really in anyone's interest to share data? Many talk the talk when it comes to sharing the reams of data they collect on a daily basis, but...
Gas carrier and tanker executives bearish on alternative fuels and IMO net zero targets IMO targets seen as ambitious given current challenges in making alternative fuels viable
The Daily View: Opportunity knocks
China's Qingdao port cracks down on high-risk tankers after US terminal sanction New vessel rules target ageing and accident-prone tankers, a shift that could squeeze the shadow fleet moving sanctioned oil
Daily Briefing Public shipping names dwindle as delisting trend continues | Satellite imagery reveals extent of damage to Hodeidah port as further...
USDOT cracks down on 'non-domiciled' CDLs, targets California California must immediately stop issuing CDLs to drivers not "domiciled" in the state and revoke the licenses of unqualified drivers or face the loss of federal highway funds.
LA port wants California to raise bridge to accommodate big ships The Port of Los Angeles is meeting with California state officials to promote its plan to extend the Vincent Thomas Bridge repair project to allow 23,000-TEU ships to call all six of its marine terminals.
Evergreen to expand Latin America, Middle East services Evergreen's plan to focus on adding more tonnage between Asia and Latin America over the next five years comes as US import volume growth cools.
CSX restarts Baltimore tunnel service for double-stack in 2026 The disruptions in the Howard Street Tunnel in Baltimore and Blue Ridge subdivision on the Tennessee-North Carolina border resulted in longer transits for intermodal shippers on CSX this year.
Freeport pays crane tariffs to avoid USTR fee risk The Gulf Coast port faced the potential that later US actions against Chinese ship-to-shore cranes would raise costs more if it deferred delivery.
Trump order to speed up mining projects offers breakbulk growth A wave of new mining projects to support domestic demand for critical minerals is expected to drive roll-on/roll-off cargo demand.
Hard to kill: Not even AI is powerful enough to make shipbrokers disappear Audience at ASBA's Miami Beach Cargo Conference gets some reassuring news from the tech crowd
Wavelength podcast: the 800 pound US gorilla Plus, why global shipping unity is at threat with carbon talks and why diversity is at risk
'Arbitrary and capricious': Liner group wins appeals court victory over US rule on demurrage fees Conflicting agency justification sinks rule barring carriers from levying fees against truckers
Suezmaxes to sparkle and VLCCs sidelined as new source of demand revealed Analyst believes seasonal restrictions will keep bigger tankers out of play until January
Stolt-Nielsen predicts 'healthy' bottom line given tanker environment Oslo-listed chemical tanker player will kick off earnings season next week
Elbdeich Reederei sells two vessels in fleet renewal German owner capitalises on rising asset values as fleet renewal continues
'Sizeable investment': Shipowner DEME heads to China for methanol-ready cable-layer Belgian group picks PaxOcean for energy efficient newbuilding
Danske Bank targets shipping with new stock analyst from Clarksons Bendik Folden Nyttingnes will build up shipping equity research coverage
Dubai bunker boss to face trial over sabotage and embezzlement claims Oilmar chief will remain in custody ahead of trial in Azerbaijan
Greek owner Contships stacks cash and steps up renewal moves with sale to MSC Greek owner presses on with another S&P move, sidestepping newbuilding rush
Billion-dollar battle: UN takes aim at shipowner over unpaid pollution bill Sri Lankan office urges X-Press Pearl owner to review the scale of damages to people, coasts and marine life
Aponte's MSC Foundation makes 'biggest gift' to fund new Mercy Ships' hospital ship Charity foundation backed by one of the world's biggest shipowners is supporting new vessel to be built in China
Newcastlemax sale deal was too good to pass up, says 2020 Bulkers boss Bulker owner said deal was done at a premium over broker values
Tankers on alert as deal struck to restart crude flows from Iraq to Turkey Boost to demand expected in the Mediterranean as Gulf Keystone says exports to resume in the next few days
Himalaya Shipping converts another charter as newcastlemaxes enter strongest season Half of bulker owner's fleet will earn fixed rates during final quarter
2020 Bulkers sells half its newcastlemax fleet in $209m deal Oslo-listed owner expects to book gain of $89m from transaction
Idan Ofer's CoolCo takeover 'likely to succeed', says DNB, as bank downgrades stock Bank sees 'attractive potential opportunity' for long-term owner
BP and Phillips 66 swoop on tanker newbuildings for up to five years Transpetrol and Samos Steamship LR2s said to have been fixed on term deals from 2026 by oil majors
Former Euronav boss De Stoop aims to transform ship recycling in new role Experienced Belgian executive becomes CEO of combined Marine Steel and Circular Maritime Technologies
Japanese bulker caught up in Indian importer's arrest dragnet Indian Potash has arrested at least six bulkers in the port of Mundra over the past 24 months
KNOT Offshore goes for $10m buyback as it adds shuttle tanker charter cover UK-based owner reveals string of extensions in tightening markets
A chance wartime encounter sparked the birth of a broker. Fast-forward 100 years, and Lerbret is still going strong Party celebrates 'ever-evolving profession' and a fixture of the Paris shipbroking scene
Idan Ofer CoolCo takeover 'likely to succeed', says DNB, as bank downgrades stock Bank sees 'attractive potential opportunity' for long-term owner
China boycotts US soybeans, turns to Argentina for supplies Chinese booked about 1.3m tonnes of Argentine soybeans in September
Japanese bulker caught up in Indian importer's arrest dragnet Indian Potash has arrested at least six bulkers in the port of Mundra over the past 24 months
Nanjing Tanker splashing out $137m on tankers at Dalian Shipbuilding Chinese shipowner has a total of six LR1 tankers on order at domestic shipyards
Third Eye puts Parakou Tankers' owner in the crosshairs as legal battle gets personal Canadian firm wins court injunction allowing it to go after Por Liu's assets to satisfy arbitration award
Businesses decry Canada Post strike as peak shipping season approaches Mail carriers went on strike Thursday after the government ordered Canada Post to streamline operations, angering businesses that rely on the postal operator to ship orders.
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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