VIDEO: Inside CAT's new waterjet powered hybrid ferry duo Marine Jet Power (MJP) has now released a video that gives a close-up look at the two waterjet powered hybrid-electric passenger ferries just delivered to Chatham Area Transit (CAT) of Savannah, Ga.,
TTB 2025: Navigating changes to the Jones Act Tugboat, towboat, and barge operators should be paying close attention to changes to the Jones Act because it directly impacts their operations, competitiveness, and long-term viability. To dig more into this, Sabrina
Could floating nuclear power plants power U.S. ports? Core Power (US) Inc, has enlisted Seattle-based naval architecture and marine engineering firm Glosten to help its team design a floating nuclear power plant (FNPP) to power ports in the United States.
Hapag-Lloyd increases rates from Indian Sub and Middle East to North America Hapag-Lloyd announces that a General Rate Increase (GRI) / General Rate Adjustment (GRA) is set to take effect for shipments from the Indian Subcontinent and the Middle East to North America. This adjustment will apply to containers gated in full on or after 1 March 2025 and will remain valid until further notice. The GRI/GRA applies to shipments destined for the East, West, and Gulf Coasts of No
HPC to lead coordination of Baltic Sea port project Hamburg Port Consulting (HPC), a collaborative effort led by the experienced lead partner, Port of Hamburg Marketing (HHM), has been awarded the contract to manage project coordination and financial oversight for the Baltic Sea Region Programme 2021-2027 initiative, "H2-Derivatives@BalticSeaPorts" (H2Deri@BSP). Led by Port of Hamburg Marketing (HHM), this ambitious project will run from March 202
South Korea's Shipbuilding Sector at the Forefront of the Trade War As global maritime trade is about to emerge as a field of geopolitical antagonism, South Korea will be one of the spearheads to counter Chinese shipbuilding dominance.
Port of Klaipeda surpasses 1 million TEUs for third consecutive year The year 2024 was marked by significant growth in cargo handling at the Port of Klaipeda, setting new records in the handling of construction materials, minerals, and containers. A new milestone was achieved in container handling, surpassing the 1 million TEU mark for the third consecutive year. A record-breaking 1.068 million TEUs were processed, reflecting a 2% increase compared to 2023 when 1.
Liberian Registry names new Vice President of Technical at Miami office The Liberian ship registry announced the appointment of Frank H. Marmol as Vice President of Technical at its Miami office, effective January 2025. Bringing over 30 years of experience in the international maritime industry, Marmol is expected to add extensive expertise to the organization. Throughout his career, Marmol has held key leadership positions, including Executive Director, Chief Techni
Why Sourcing Engineering Supplies Locally Makes Sense The country's industrial success relies heavily on quality engineering supplies . From major construction projects in Sydney to advanced manufacturing in Perth, having the right tools and materials is critical. While global supply chains have long been a staple of procurement strategies, the advantages of sourcing engineering supplies locally have become increasingly apparent. The Role of Enginee
Iquique Terminal Internacional to invest in port equipment Chile's Iquique Terminal Internacional (ITI) plans to invest nearly US$15 million in upgrading its port equipment in 2025. This investment aligns with the concessionaire's strategy to reinforce its position as a multipurpose port terminal, expand into new markets, and grow its customer base. During the first half of the year, ITI, which handled a total of 2.5 million tons of cargo in 2024, aims t
Top 10 Shipowning Nations by Total Asset Value for 2024 Utilizing the VesselsValue database, we've reviewed the total asset values for vessels by beneficial owner country to determine this year's top 10 shipowning nations. From Japan's resolute leadership in the top position with a US$206.3 billion fleet to the emergence of Hong Kong at US$44.7 billion, the asset values and ownership strategies have changed considerably over the past 12 months. See ou
Panama Canal under U.S. Senate discussion: A Strategic Lifeline for National Trade and Security On January 28, 2025, the U.S. Senate Committee on Commerce, Science, and Transportation, chaired by Senator Ted Cruz, convened a hearing titled "Fees and Foreign Influence: Examining the Panama Canal and Its Impact on U.S. Trade and National Security." The session underscored the Panama Canal's pivotal role in U.S. commerce and addressed concerns over rising transit fees and foreign, particularly
Vietnam Picks Up Pace in Becoming Key Global Shipping Player Amid intensifying trade tensions between China and the United States, countries, like Vietnam, are stepping up to redefine themselves as alternative trading hubs, thereby reshaping the global maritime trade landscape.
Ocean enters LNY-slump, but tariffs on the horizon Lunar New Year (LNY) begins today (29 January), and as manufacturing and logistics have slowed down in the past week or so, ex-China ocean rates - that had climbed earlier during the pre-holiday rush - have also eased. Asia-Europe prices started climbing earlier than usual this year as shippers on these lanes accommodate longer transit times around Africa, and this planning ahead may mean not muc
CULines pursues Amazon for Covid era contract violations China United Lines (CULines) has filed a case against Amazon with the Federal Maritime Commission (FMC) for alleged breaches of contract during the critical post-pandemic period.
Bounty for Taiwanese box lines' staff as 2024 brings remarkable profits Employees of Taiwan's Big Three liner operators-Evergreen Marine Corporation (EMC), Yang Ming Marine Transport and Wan Hai Lines-have received a welcome Chinese New Year gift-abundant bonuses.
Port Houston exceeds 4 million TEUs in 2024 Port Houston's container traffic reached an all-time high of 4,139,991 TEUs in 2024, representing an 8% increase from the previous year. December alone saw 340,418 TEUs, a 4% year-over-year rise. Loaded exports soared 12% in December to 135,446 TEUs, driven by high shipments of resin, chemicals, rubber, and textiles, ending the year up 8%. While loaded imports dipped 1% in December, they grew 6%
Boxship explodes off Yemen Emirates Shipping Line (ESL) is the operator of the feeder ship ASL Bauhinia, whose crew abandoned the vessel on 28 January, after it caught fire. The Hong Kong-flagged 2022-built 1,930 TEU ASL Bauhinia and its sister vessel, ASL Peony, were chartered from Hong Kong-based intra-Asia carrier Asean Seas Line and are deployed to ESL's Gulf-Red Sea Connector service. China United Lines is understood
Georgia Ports handles over 2.8 miilion TEUs from July to December The Georgia Ports Authority (GPA) reported over 2.8 million TEUs in fiscal year-to-date 2025 (1 July 2024 - 31
d'Amico fixes five tankers Italian product tanker owner and operator d'Amico International Shipping (DIS) secured employment for five of its vessels. The Milan-listed company's Irish-based d'Amico Tankers has fixed four handysize vessels through new deals and extended the charter of one of its MRs. The charterers and financial terms were not disclosed, but DIS said deals had been struck ...
Precious Shipping sells off vintage handysize Fleet overhaul at Precious Shipping has continued with the sale of one of its oldest vessels. The Thai dry bulk player has offloaded its 2005 Shikoku Dockyard-built Rojarek Naree for $8.8m. The buyer of the 29,900 dwt ship is an overseas company that does not have any relationship with the company, the Khalid Hashim-led listed ...
U-Ming books ultramax newbuild brace in Japan Taiwanese dry bulk shipping operator U-Ming Marine Transport is expanding its fleet a brace of ultramax newbuilds in Japan. The subsidiary of the Far Eastern Group has signed up for 64,100 dwt vessels at Oshima Shipbuilding with delivery expected in April and June 2028. No price has been revealed. U-Ming owns and operates nearly 80 ...
Geneva Dry Dialogues: Western Bulk Returning to Geneva Dry this April is Torbjorn Gjervik, who since last year's summit has been promoted to CEO of Western Bulk Chartering, a Norwegian firm which tends to have anywhere between 100 and 150 ships on its books at any given time. While looking forward to the event, Gjervik is not overly enthused about ...
Dolphin Drilling CEO resigns The chief executive officer of semisub rig owner Dolphin Drilling has submitted his resignation from the company. The resignation of Dolphin CEO Bjørnar Iversen comes into force with immediate effect. He joined the company as CEO in July 2019. Before joining Dolphin Drilling, Iversen was the CEO of Songa Offshore and held various senior management ...
TGS scores offshore wind seismic work in the UK Oslo-listed seismic data specialist TGS has won an offshore wind site characterisation contract on the UK continental shelf for an undisclosed repeat customer. The contract has a total duration of approximately 60 days and is scheduled to begin in the first quarter of 2025. The Ramform Vanguard vessel will be used for this project, equipped ...
Seanergy expands with double buy as United ships out oldest cape US-listed Greek bulker owner Seanergy Maritime has strengthened its fleet by adding two Japanese-built vessels, while its spin-off United Maritime is shipping out its oldest capesize. The Stamatis Tsantanis-led Seanergy has picked up an unnamed 2013 Imabari-built newcastlemax and a 2011 Mitsui-built capesize for about $69m. The 178,459 dwt capsize, which will be renamed Blueship, ...
Odfjell Drilling nets $148m semisub extension with Equinor Norway's Odfjell Drilling has won an extension for one of its rigs with compatriot energy major Equinor. The deal is to extend the employment of the 2009-built Deepsea Atlantic semisub until the end of the second quarter of 2027. The unit will operate under previously agreed terms until the mid-third quarter of 2026. The current ...
Crew rescued from blaze on boxship in Red Sea The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday. The vessel is owned by Shanghai-based Asean Seas Line ...
Robbers attack tanker in Singapore Strait A Greece-flagged tanker was boarded yesterday by two knife-wielding individuals while transiting eastbound in the Singapore Strait, the latest in a string of robbery incidents in the area. The attack took place approximately 2.7 nautical miles northwest of Indonesia's Pemping Island, according to UK maritime security specialists Ambrey. The tanker was sailing at 9.7 knots ...
2025 will see fewer but better hires in commercial shipping Paul Ratcliffe provides readers with highlights from Ignition Global's 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021-22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted, and salary expectations have mellowed-making compensation easier to manage. And yet 40% of ...
Shipping's ultimate Year of the Snake fortune guide published today The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer covering all shipping segments, eased back by 8% last Friday ...
Bahri and Petredec form partnership to meet Saudi Arabia's LPG and ammonia needs Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia's increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec. Ahmed Ali Al Subaey, CEO of Bahri, Saudi's top shipping line, said: "This strategic alliance with ...
Tankers best placed in the Year of the Snake As shipping slithers somewhat apprehensively into the Year of the Snake, analysts reckon tankers - whether hauling gas or oil - are best placed to see an uptick in fortunes. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer ...
The news distillery One of the favourite parts of my job is compiling Splash Extra's monthly review - a chance to assess concisely what were the biggest stories of the past few weeks and to place them in context and level of importance. In the six years - and 73 monthly reviews neatly composed - I can confidently ...
January 2025 Review The Houthis of Yemen rowed back from attacking merchant shipping following January 19's historic ceasefire agreement between Israel and Hamas, potentially bringing an end to the 14-month-long Red Sea shipping crisis. The Houthis said so long as the ceasefire remains in place, international merchant ships may now transit the Red Sea. However, Israeli-owned and Israeli-flagged ...
Dry cargo: A case of snakebite For those born in the Year of the Ox, such as 1949, the year that Chairman Mao declared the Chinese republic, the coming Year of the Snake is forecast to be a year of stability and productivity. President Xi would presumably settle for that. The dry bulk freight market however has been warned of zero ...
Containers: Snakes and ladders The container shipping freight market has felt like a game of snakes and ladders since the pandemic. Shippers negotiate the trade board, hoping to make steady progress. Sometimes the rates they pay climb exponentially up a ladder for a while, for instance when the pandemic and the Red Sea crisis caused elevated rates. Occasionally the ...
Analyst Abstract Tankers The global crude tanker fleet is getting older and older. You'd have to go all the way back to the year 1988 to find the time when there were fewer crude tanker newbuild deliveries than last year. In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, ...
Asset prices slide January has not been kind to dry bulk, with rates barely breaking even, something that has clearly put pressure on secondhand values. For how long this slump remains divides opinion. Canny Greek owners clearly think an uptick in fortunes in the new Year of the Snake is some way off. "It is interesting to note ...
10 days in, what can shipping assess from Trump's second term As befits a man who has risen to power via Hollywood, there's been no shortage of bluster, swagger and showmanship in the opening 10 days of Donald Trump's second tenure in the White House. Working out what the following four years hold for shipping is no easy task. However, a roundup of key announcements over ...
Keeping critical subsea infrastructure safe Jesper Johnsen Loe is a third-year student at the Norwegian University of Science and Technology with a fascination in geopolitics
Chinese chief engineer sentenced to US prison in 'magic pipe' case A Chinese national was sentenced to three months in US prison for violating the Act to Prevent Pollution from Ships...
Panama flag comes under fire at US Senate hearing on canal Senators slammed Panama's role in Iran's oil trade and asked US maritime regulators what penalties they could levy if Panama...
Cable-cutting ships in Baltic Sea are 'no accident' says Finnish maritime expert A US admiral also underlined the challenges of determining intent in recent cases of cables at a Washington DC conference...
MEPC regulations must not pin burden on ISM managers Bernhard Schulte Shipmanagement chief executive Sebastian von Hardenberg said bareboat charters have so far been overlooked in MEPC debate, causing...
Diplomats downplay prospect of Baltic shipping tax, but security costs are under review Baltic states are bolstering security measures and upping surveillance, but funding for the additional operations are yet to be agreed
Russian nuclear icebreaker involved in collision Rosatomflot, which operates Russia's nuclear icebreaker fleet, said the damage had not affected the vessel's reactor
Bahri and Petredec unite to meet Saudi Arabian LPG demand Bahri, formerly the National Shipping Company of Saudi Arabia, has a 40% stake in LPG specialist Petredec
Signal says aframax pool beats rivals by wide margin 'Superior performance' claim linked to use of 'cutting edge technology and unparalleled data analytics'
Odesa terminal operators must pay $150m to US investment firms, court rules London Court of International Arbitration tribunal reaches verdict
Contships seals $100m Nordic bond with 9% coupon Successful issue makes owner first private Greek shipping company to raise money in Oslo bond market
Grain cargoes to China plummet amid dwindling demand China's desire to decrease its dependence on imports has added further pain to an already suffering panamax segment
MSC snaps up 30% of all secondhand boxships in past year MSC continues to be the largest buyer in the containership sale and purchase market, having bought in excess of 400...
IMO split on scrubber discharges Poland said it could not support an International Chamber of Shipping motion because its 'low ambition' meant more national discharge restrictions...
Boxship charter rates hold up while operators adopt wait-and-see attitude Uncertainties around a return to the Suez Canal and the potential for US tariffs on goods means container line operators...
US Senate confirms new transportation secretary The US Senate confirmed Sean Duffy as Secretary of Transportation with bipartisan support. The former congressman was also endorsed by...
The Daily View: In praise of P&I Your latest edition of Lloyd's List's Daily View - the essential briefing on the stories shaping shipping
Why would US invade Panama? US Senate hearing gives rationale US Senate hearing speakers theorised that Chinese workers could collapse under-construction bridge over Panama Canal, directed by spies in Balboa...
Daily Briefing Maritime convention scrutinised to arrest dark fleet dangers for coastal states | Eagle S insurance questions go unanswered as detained...
Americold adding Port Saint John warehouse as part of CPKC alliance The planned development in Eastern Canada marks the latest stage in a nearly two-year-old partnership between the company and the Class I railroad.
Ocean carriers warn of disruption as storms bear down on Europe Ports in the UK are already seeing rising operational delays as a string of storms moves in from the Atlantic and major ports in Europe issue high wind warnings.
Union Pacific makes push to grab more Los Angeles-to-Kansas City freight The effort coincides with UP's plans to open a new terminal in Kansas City, Kan., in the third quarter of this year that would alleviate pressure on the railroad's existing terminal across the border in Missouri.
Specter of US trade tariffs puts EPC companies on war footing EPCs say that tariffs enforced after project costs are finalized not only impact the bottom line but, in some cases destroy the viability of a project, hitting volumes in the breakbulk trade.
'Green shoots' in US economy fuel optimism, but not exuberance, among LTL carriers Speakers at SMC3's JumpStart 25 conference see advance signals of better demand growth for freight in 2025, but the pace and extent of that growth are still uncertain.
FMC chair questions 'level playing field' in Panama Canal operations The comments by Federal Maritime Commission Louis Sola during a Senate hearing come amid rising US scrutiny of Chinese influence over the crucial
Panamax bulker owners feel the pinch of crashing Chinese grain shipments Negative trend expected to stretch through this year
How trade warrior Donald Trump could take on China's shipbuilding dominance Tariffs, port fees and newbuilding plan among a raft of policies under consideration
Donald Trump walking tightrope on petroleum stockpiles and oil price, says BRS President cannot refill Strategic Petroleum Reserve without driving up prices, broker believes
Steamship Mutual 'close to breakeven' despite costs spiking Protection and indemnity clubs currently negotiating with shipowners over premiums and tonnage before 20 February renewal date
Tanker owners' confidence 'excessively fragile' despite US sanctions Researcher Eva Tzima says rates should improve again once newly sanctioned ships have discharged their cargoes
Evidence of Trafigura and Sinokor VLCC tie-up starts to emerge Tanker quintet emerges from South Korean owner's stable appears on trader's position list but pair's relationship remains blurry
Chinese engineer jailed in US over 'magic pipe' pollution from kamsarmax bulker Fei Wang received three-month term following 2024 case
Norwegian wealth fund buys Cosco and Adnoc L&S stakes in $4.6bn shopping spree Fund maintains bet on cruise liners as it reduces exposure to containers
'Positive outlook': D'Amico International seals five new tanker charters at strong rates Italian owner extends MR contract, while fixing out four handysizes
Key Russian terminal sees tanker loadings chopped in half after technical troubles Volumes at Ust-Luga were cut to 350,000 barrels per day in January
Peter Dohle orders LNG dual-fuel container ship newbuildings worth over $600m The German shipowner is said to have inked up to five 8,400-teu vessels at Guangzhou Shipyard International
Fire hits Greek product tanker engine room while unloading diesel The Kriti Captain taken under tow to Fos-sur-Mer following incident at berth in La Nouvelle
Evercore's Jonathan Chappell encourages agility in choosing your own tanker market adventure Fundamentals look good, but rates should cool as upcycle unwinds and geopolitics injects uncertainty
MOL LNG carrier trio delivers onto Russian charters destined for Arctic waters One more of ice-strengthened quartet contracted in 2021 to follow
Crew abandon vessel after ship collides with pier at Tuscan resort in fierce storm Italian-owned vessel collides with pier, no spillage reported
Awilco wind vessel venture pulls in 700 new shareholders as it upgrades Oslo listing IWS stock sale proves popular as shipowner plots main board listing
Ship collides with pier at Tuscan resort after fierce storm. Crew abandon vessel Italian-owned vessel collides with p, no spillage reported
Kristian Rokke's Philly Shipyard to pay out $84m after Hanwha deal as it heads for liquidation Company sees liquidation in first half of 2025
Seanergy strikes 'milestone' S&P deals to snap up capesize and newcastlemax tonnage Pure-play capesize player confident in long-term outlook for the sector
Greek tanker boarded by armed raiders in one of world's busiest waterways Two men carrying 'bladed weapons' spotted on vessel
Russian nuclear icebreaker seriously damaged in collision with cargo ship Serious bow destruction sustained by 50 Let Pobedy in Kara Sea
LNG shipping name and former MOL director Mike Rowley dies 'Kind', 'dedicated', 'caring' and 'open-minded' industry veteran remembered fondly by colleagues and friends
SEB's shipping loan book rises slightly in fourth quarter Total shipping lending fell last year at the Nordic bank
Bahri and Petredec forge commercial alliance for LPG and ammonia shipping Strategic partnership to meet Saudi Arabia's growing needs
Maersk wins China cargo relay extension Maersk has won an additional two years for domestic container transshipments between ports in China. China's Transport Ministry this week announced an extension of the pilot cabotage program through December 2027. The program aims to improve domestic export and import container flows between Yangshan port in Shanghai and select ports in northern China. It will [...]
Texas Gulf Coast ports see year-over-year gains in freight volumes Ports in Houston and Corpus Christi, Texas, reported increased year-over-year cargo movements in 2024 versus 2023.
Asia-US ocean rates trend lower but Trump tariff threats shadow trade Trans-Pacific container rates eased in the most recent week as Chinese manufacturing and logistics activity wound down for the Lunar New Year holiday, which began Wednesday. Asia-U.S. West Coast ocean rates fell 7% to $4,938 per forty-foot equivalent unit for the week ending Jan. 24, according to the Freightos Baltic Dry Index. Asia-U.S. East Coast [...]
BelugaST fleet goes belly-up as Airbus closes cargo airline Airbus is terminating its charter cargo business, which used funky freighter aircraft to transport oversize loads, after less than a year.
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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