TUI Cruises firms up and upsizes two ship order at Fincantieri Fincantieri and TUI Cruises today signed a contract for the design and construction of two new cruise ships. The order replaces a Memorandum of Agreement (MoA) signed in March 2025 with TUI
Fincantieri, TUI Cruises order two new LNG-powered ships Fincantieri and TUI Cruises, a joint venture of TUI AG and Royal Caribbean, have signed a contract for two new cruise ships, replacing the March 2025 MoA with TUI AG for Marella Cruises. The new vessels, sister ships to Mein Schiff Relax and Mein Schiff Flow of the InTUItion class, will be delivered in 2031 and 2032. Each ship will have a gross tonnage of about 160,000 and feature dual-fuel engin
Hecksher launches sustainable aviation fuel certificates for air freight Hecksher has introduced Sustainable Aviation Fuel certificates (SAFc) as part of its broader sustainability strategy, giving companies a new way to reduce the climate impact of air freight. SAFc operates under a "book and claim" system that separates the environmental attributes of Sustainable Aviation Fuel (SAF) from the physical product. This market-based mechanism allows businesses to address
Klaipeda port advances green hydrogen production Klaipeda Port's green hydrogen project is progressing rapidly toward completion as a crucial milestone was achieved when the future hydrogen station's main component the electrolyzer successfully passed factory testing in Italy. Algis Latakas, General Director of Klaipeda State Seaport Authority, stated that the port Authority and its partners have ensured the green hydrogen base's core systems f
CLIA Pouso Alegre opens Rio-Minas trade corridor CLIA Pouso Alegre, an off-dock Customs bonded facility operated by the ICTSI Group, has relocated to a larger, more modern facility in Minas Gerais. The move establishes a more efficient, seamless logistics corridor offering shipping lines a faster, more competitive option for serving one of Brazil's most dynamic economic regions. Strategically positioned along the Rio-Minas corridor, the new fac
WCI drops 8% for 15th straight week The Drewry World Container Index (WCI) fell 8% to US$1,761 per FEU in Week 39, marking 15 straight weeks of decline, as Japan International Freight Forwarders Association (JIFFA). Rates on key routes, trans-Pacific and Asia-Europe, also continued to drop. Spot rates from Shanghai to Los Angeles dropped 10% (US$250) to US$2,311 per FEU, while Shanghai-New York rates fell 8% (US$293) to US$3,278 pe
Coca-Cola HBC installs Mecalux Pallet Shuttle in Lisburn Coca-Cola HBC Ireland and Northern Ireland has installed Mecalux's semi-automated Pallet Shuttle system at its Knockmore Hill facility in Lisburn. The new finished-goods warehouse can store 9,000 pallets , improving putaway, dispatch, and inventory control. The facility, which opened in 2010 and runs nine production lines, supplies Coca-Cola brands across the island of Ireland. The system uses fo
AI navigation as a new trend in shipping industry Korean shipbuilder's successful transpacific voyage using AI navigation marks pivotal moment for global maritime industry. The future of shipping arrived quietly this September when a container vessel completed a 10,000-kilometer journey from Oakland to Kaohsiung with artificial intelligence making critical navigation decisions. Samsung Heavy Industries' successful trial of its Samsung Autonomous
New Times Shipbuilding launches Two 8,100 TEU container vessels On September 23, 2025, New Times Shipbuilding Co., Ltd. successfully launched two 8,100 TEU container vessels, MSC Senegal and MSC Uganda , at its yard in Jiangsu Province, China. The launch marks another milestone for one of the country's leading shipyards, which has consistently ranked among the top three in annual shipbuilding capacity. Located in Xingang Industrial Park, Jingjiang City, about
WEC Lines launches weekly NWC Spain service WEC Lines has revamped its UK IE Spain service, now renamed NWC Spain, and upgraded it to a weekly sailing. The enhanced service adds Antwerp, Montoir-de-Bretagne, and Gijón to the rotation, strengthening links between Spain, the UK, Ireland, and Northwestern Europe. Starting September 27, two dedicated 812- and 822-TEU vessels will operate the route on fixed-day weekly rotations. Departures fro
MSC Adds Abu Dhabi to Carioca service, drops Hambantota MSC is adjusting its Far East-East Coast South America Carioca service, adding Abu Dhabi on the eastbound leg while removing Hambantota, Sri Lanka. The change, effective from late October, is designed to support reefer cargo flows from South America to the Middle East, according to Dynaliners. The update follows the recent addition of Itapoa to the service earlier this year. The revised Carioca r
Sea-Intelligence: Global Schedule Reliability Remains Steady Sea-Intelligence has published issue 169 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including August 2025. "Source: Sea-Intelligence.com, GLP Report, issue 169" In August 2025, global industry schedule reliability recorded a marginal M/M improvement of 0.1 percentage points to 65.3% , the second-highest figure for the month (across 2019-2025). On a
Container ship commercial manager turns ship owner British Virgin Islands-incorporated Flex Box Shipping, which ventured into ship owning with orders for four 8,700 TEU ships at HD Hyundai Samho this month, originally started out as a commercial manager for Chinese-owned container ships. Currently, Flex Box operates from Shanghai and acts as a go-between for owners of container ships plying Chinese domestic waters and mainline operators that soug
Asean Seas Line adjusts BVX2 and HHX1+SVP2 Services Asean Seas Line has reshuffled its BVX2 and HHX1+SVP2 loops, adding Huizhou to BVX2 while transferring Qinzhou to the HHX1+SVP2 service, according to Alphaliner. The revised rotations are: BVX2: Huizhou - Shenzhen (Shekou) - Guangzhou (Nansha) - Hai Phong - Huizhou HHX1+SVP2: Ningbo - Shanghai - Xiamen - Da Nang - Hai Phong - Qinzhou - Shenzhen (Shekou) - Guangzhou (Nansha) - Xiamen - Manila - Ni
Tangier returns to CMA CGM's FAL3 service CMA CGM has reintroduced Tangier on its FAL3 service, part of the Ocean Alliance, after having dropped the call in June. At that time, Zeebrugge was added to the rotation, leveraging alliance partner COSCO Shipping Lines' affiliated terminal there. According to Dynaliners, Tangier's return will be on a fortnightly basis, alternating with Zeebrugge. This arrangement is expected to remain in place
Maersk ends slot agreement on Brazex/BZX service Maersk has withdrawn from its slot arrangement on the Brazex/BZX service operated by CMA CGM and COSCO Shipping Lines. The service links the U.S. Gulf with the East Coast of South America. The current Brazex/BZX rotation is: Veracruz - Altamira - Houston - New Orleans - Cartagena - Suape - Santos - Buenos Aires - Montevideo - Rio Grande - Itajai - Paranagua - Santos - Cartagena - Veracruz. The po
Unified Command completes Pier G container salvage The Unified Command has completed salvage operations for the Pier G container incident. All 95 containers that fell overboard from the vessel Mississippi have been recovered in and around the Port of Long Beach. Initial counts underestimated the number of containers because several were submerged, crushed, or hidden in the nearby boat basin. At 3:28 p.m., the final container was lifted, officiall
Ellerman takes slots on CMA CGM NW Europe-Iberia loop Ellerman City Liners has expanded its partnership with CMA CGM by taking slots on the carrier's Northwest Europe/UK-Spain-Portugal PGW service. The slots are marketed under Ellerman's iNEX2 brand, strengthening its offering on the Iberian trade. This development builds on the existing cooperation between the two carriers on the parallel PGE/iNEX loop, where each contributes one of the two 1,400-T
Unimed Feeder adds Syria call, adjusts Egypt-East Med loop According to DynaLiners, Unimed Feeder Services (Unifeeder) has revealed full details of its reinstated Egypt-Syria connection, marking an important step in re-establishing direct maritime links to the Syrian market. As part of the adjustment, the carrier's Egypt-Eastmed2 loop will drop its Alexandria call, previously scheduled before Beirut, and replace it with a call at Lattakia. The loop is op
Carsten Rehder inks $62m MPP order in India German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries of the firm ships set between June 2028 ...
Scorpio Tankers banks $122m from LR2 sales Scorpio Tankers has agreed to sell two 2019-built LR2 product tankers, taking advantage of firm secondhand prices to strengthen its balance sheet. The New York-listed owner said the scrubber-fitted STI Lobelia and STI Lavender were sold for $61.2m each. Deliveries to the new owners are scheduled for the fourth quarter of 2025. The company said ...
Solstad secures DeepOcean CSV extension Norwegian offshore vessel owner Solstad Maritime has landed a fresh contract extension with subsea services player DeepOcean for the construction support vessel (CSV) Normand Ocean. The Oslo-listed company said the new deal will run for 12 months starting January 2026, continuing directly from the vessel's current charter. The 2014-built CSV has been employed with DeepOcean ...
Leadership change at United Heavy Lift as Bonnesen steps down United Heavy Lift (UHL) will see managing director Lars Bonnesen step down at the end of 2025, following his decision to sell his shares to parent United Shipping Group. Bonnesen, who joined the Hamburg-based heavylift specialist in 2019, has played a key role in shaping the company's fleet and global footprint, UHL said, adding that ...
Houthi missile strike sets Dutch cargo ship ablaze in Gulf of Aden A 2011-built general cargo vessel has been set ablaze by a missile attack by Houthi rebels in the Gulf of Aden. The Minervagracht, owned by the Dutch-based firm Spliethoff, was hit around 1PM UTC. The French military's Maritime Information, Cooperation and Awareness Centre (MICA Centre) said on X that the vessel was on fire and ...
NYK Line scales up AI-powered hull cleaning across global fleet Japan's Nippon Yusen Kabushiki Kaisha (NYK Line) and vessel cleaning firm Neptune Robotics have signed a memorandum of understanding, which expands their partnership to accelerate fuel efficiency and decarbonisation across NYK's global fleet. NYK has worked with Neptune since 2022, making it one of the earliest adopters of the company's robotic hull cleaning. Neptune's robots ...
Samsung Heavy signs deal with India's largest dry dock operator Samsung Heavy Industries has partnered with India's Swan Defence and Heavy Industries to collaborate in shipbuilding and offshore engineering. Under a memorandum of understanding, the two companies will pursue cooperation in engineering, procurement, and management of shipbuilding and offshore projects. Swan Defence and Heavy Industries operates India's largest dry dock, and a fabrication capacit
Hugo De Stoop returns to another Saverys-backed vehicle Marine Metals and Marine Steel have officially completed a merger, combining their operations to create a stronger player in the European maritime recycling sector. The newly consolidated company will leverage the complementary expertise of both firms to streamline services, expand product capabilities, and enhance competitiveness across shipping, shipbuilding, and offshore markets. Marine Metals
Zelensky accuses Russia of using shadow tankers to launch drone attacks across Europe Ukrainian president Volodymyr Zelensky has claimed Russia is deploying its covert shadow fleet of tankers to launch and control drones targeting cities across Europe - a move that would represent a dramatic escalation in hybrid maritime warfare. In an address yesterday, Zelensky said Ukrainian intelligence indicates that Russia's network of ageing, opaque oil tankers - ...
Maritime CEO Forum Singapore: The growing complexity of being a shipowner World Maritime Day provided a fitting backdrop for the latest Maritime CEO Forum, staged last week at Singapore's Fullerton Hotel for the final time before shifting to a larger venue in 2026. The opening Big Issues panel lived up to its billing, traversing geopolitics, compliance, decarbonisation, technology and the shifting expectations of financiers and charterers. ...
EPS to take CoolCo private in $9.65 per share buyout Eastern Pacific Shipping's investment arm is set to take LNG carrier owner Cool Company (CoolCo) private, offering $9.65 per share in cash in a deal that values the listed pure-play at a 26% premium. CoolCo's board confirmed today it had unanimously approved the merger of a newly formed EPS Ventures subsidiary with CoolCo, following a ...
Nearly one in 10 senior maritime executives plan to retire over the next two years , according to a new survey carried by Fastream, a recruitment company. The survey found 9% of shipping's c-suite expect to exit the workforce by 2027, marking a generational shift in shipping's senior leadership. "This is a timely reminder that succession ...
Yangzijiang cancels $180m MR tanker order on sanctions concerns Some early newbuild slots are opening at a premier Chinese shipyard. Yangzijiang Shipbuilding has revealed it has just axed four MR tanker newbuilding contracts worth around $180m after discovering links between the buyer's shareholder and alleged efforts to circumvent US sanctions. The Singapore-listed builder said three of its subsidiaries - Jiangsu Yangzijiang Shipbuilding, Jiangsu New ...
Supramax drydock wave tightens supply as retrofits crowd yards New data from broker SSY shows drydocking in the supramax and ultramax bulker sectors is reaching a peak. Because of the surge in newbuilding deliveries in the dry bulk sector following the shipping boom of the late noughties, subsequent five-year renewal survey schedules have reflected these deliveries. Currently these vessels are approaching their third special ...
China's Hede Shipping suspends transpacific service ahead of new US port fees China's Hede Shipping has cut one of its two transpacific services ahead of the October 14 introduction of increased American port fees on China-linked tonnage. Hede is a niche, opportunistic player on the transpacific. Its last sailing of its HDS2 service has already departed Asia, leaving it with just the original HDS service on the ...
2020 Bulkers cuts fleet in half with $209m newcastlemax sale Norwegian shipowner 2020 Bulkers has agreed to sell three of its scrubber-fitted newcastlemax vessels for a combined $209m. The Oslo-listed company confirmed the sale of the 2019-built Bulk Sandefjord and Bulk Santiago, along with the 2020-built Bulk Shenzhen. Oman's Asyad Shipping has been revealed as the buyer of the bulker trio. All three vessels remain ...
Latsco ends MR order drought with K Shipbuilding deal Greek shipowner Latsco Shipping has returned to the product tanker newbuilding market after nearly a decade, with sources linking the company to a fresh order at South Korea's K Shipbuilding. Shipbuilding players in Athens and Seoul said Latsco, controlled by the Latsis family and led by Paris Kassidokostas-Latsis, is behind a two-ship deal for 50,000 ...
Does VLCC rally have legs or will this be yet another disappointment? VLCCs are still tipped to be the star shipping performers through year-end, but given their disappointing track record in recent...
Vessel ablaze and adrift following second Gulf of Aden attack A Dutch cargo ship was hit for the second time in a week while transiting the Gulf of Aden, leaving...
Iran sanctions snapback adds scrutiny but changes little for now The so-called 'snapback' to UN sanctions against Iran are unlikely to deter China's Iranian oil purchases, but added scrutiny beyond...
Seaspan mass reflagging puts Hong Kong's maritime hub status to the test The reflagging of Seaspan's fleet underscores how US-China tensions are reshaping global shipping strategies and flag state rivalries
Sinokor scraps 28-year-old boxship in rare 2025 deal Only 12 containerships of a combined 6,858 teu have been sold for recycling since the beginning of the year
The week in charts: EU sanctions largely ignore fake flags | Counting the cost of Trump's tariffs to global trade | China secures 75% of third-quarter newbuild orders Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
The week in newbuildings: Crude oil tanker orderbook gets a boost Tanker orderbook boosted by new orders for suezmaxes and VLCCs, but activity far down from 2024 levels
Cargill and Costamare Bulkers forge co-operation pact Wide-ranging deal includes commitment to explore joint investments in dry bulk
All at sea: Why shipping should care about trade-based money laundering Infospectrum senior risk analyst Eleonora D'Orio explains why shipping can unwittingly become involved in trade-based money laundering and brings expert...
Hengli secures six VLCCs from European owner September surge lifts Hengli's orders to up to 20 vessels, including 12 VLCCs
HD Hyundai Mipo lands $159m deal for boxship trio Vessels, ordered by an undisclosed Oceanian shipping company, include two 2,800 teu containerships and one 1,800 teu boxship, all scheduled...
The Daily View: The EU's 19th nervous shakedown
Yangzijiang terminates $180m tanker contract over alleged US sanctions evasion Two shipowners had each placed orders for four MR tankers at Yangzijiang, with delivery schedules matching the cancelled deal, according...
Daily Briefing EU sanctions target non-Russian ships and companies but largely ignore fake flags | China's Qingdao port cracks down on high-risk...
Growing appetite for AI technology feeds into air cargo demand But the expansion of data processing power and storage to facilitate AI algorithms and cloud data will not be an explosive game changer in the manner of e-commerce, according to analysts.
China flexes maritime power in response to coming US port fee A regulation change that went into effect over the weekend allows Beijing to penalize and block vessels from countries that it accuses of targeting its own shipping activities.
Modest hike but no 'great disruption' seen for truckload pricing in 2026 US truckload carriers are likely to see a 2% increase in contract rates next year as shippers focus on doing more with less, Arrive Logistics says.
CSX CEO removed amid activist pressure in wake of UP-NS merger The move by CSX to relieve Joe Hinrichs of his duties comes after Ancora Holdings urged the railroad's board of directors to seek a merger with BNSF Railway or Canadian Pacific Kansas City in response to the UP-NS deal.
CMA CGM eyes shipbuilding plans for India in trade diversification strategy: sources The shipbuilding interest would follow the carrier's recent trio of container vessel reflaggings in India as it looks to develop a stronger profile in the subcontinent market.
Rising demand for AI technology feeds into air cargo demand But the expansion of data processing power and storage to facilitate AI algorithms and cloud data will not be an explosive game changer in the manner of e-commerce, according to analysts.
Tariff costs, need for speed seen reshaping retail inventory strategies Cost pressures are raising inventory management to new levels at shippers, highlighting the need for integration of multiple fulfillment channels, says ITS Logistics.
'Sea the Change': Brazilian women in shipping forge new social network New group forms for women to share opportunities and challenges
Carnival beats expectations with record quarterly earnings and 'strong' 2026 bookings Cruise ship giant records 10th-consecutive record revenue
Two vessel types top carbon efficiency rankings, Veson Nautical says Data shows 67% of boxships rank in bands A to C for Carbon Intensity Indicator
Erasmus back in market for another container feeder ship Greek shipowner continues steady expansion in the feeder segment
Dutch general cargo ship on fire in the Gulf of Aden after Houthi attack Injured crew airlifted to French warship after second attack in a week on the ship
Fake distress calls and spoofing putting search and rescue operations at risk Cyber attacks adding to response time for maritime emergencies, IMO told
Transpetrol linked to Union Maritime tanker newbuilding at new benchmark price Brokers say price 'comfortably exceeded mid-year benchmarks' for a Chinese-built LR2
Last ex-Oldendorff man exits Costamare Bulkers ahead of Cargill tie-up Founding trio of charterers has left company, ahead of Cargill takeover
Scorpio Tankers continues to sell down stake in DHT Holdings Product tanker giant sells more shares in the VLCC specialist after the last public disclosure
VLCC market shifts towards charterers as owners look to Opec boost Brokers and analysts tackle rumours of another production hike as heat comes out of freight market
Trio of tanker sales could help Scorpio eliminate debt Product tanker giant says net debt will fall to $131m once deals are finished
Capital Containers inches up feeder ship newbuilding haul in South Korea Private company in the Marinakis stable will command a 48-vessel fleet
European Maritime Finance board member quits a month into role Board nominates lawyer Rune Aagaard as new director
Costamare seals tie-up with Cargill to invest in bulker assets, charter ships and transfer trading book Greek owner says deal will reduce exposure to volatile trading sector and open new avenues for growth
CMA CGM splashes an extra $64m on feeder container ship duo French carrier continues buying spree with vessels acquired from German and Japanese owners
'Parasitic load' of cocaine discovered by divers on container ship Border Patrol says drugs 'pulled from ship's belly' in Miami for first time
Seaspan Corp inks boxship pair as Yangzijiang orderbook hits $1.9bn Chinese shipbuilder received a total of eight newbuildings over the weekend worth $440m
Hayfin claims victory in golf day, raising nearly £25,000 for seafarer charity Shipping investor takes home main prizes as industry supports welfare work
Greek tanker owner Avin tied to first ship buy in nearly four years Vardinoyannis family-owned firm is said to have resumed its fleet expansion with a move for a middle-aged product tanker
Sinokor clears out boxship bought during post-Covid boom in rare recycling deal Feeder ship and two bulkers were the only vessels acquired by South Asian recyclers in past week
Indonesian owner PT Humpuss named as upcoming buyer of LNG carrier steamship duo Sales process underway but prices estimated at close to scrap levels
Trafigura lines up US oil and LNG exports with $400m of financing Commodities group wants to boost business to Asia with insurance-backed deal
EPS merger with CoolCo overcomes 'final hurdle' as Fearnley stops coverage Analysts are expecting the takeover to go through, with the share price likely to be pegged to the offer price
Yangzijiang Shipbuilding cancels tanker newbuildings after buyer linked to US sanctions Chinese shipbuilder calls off orders after earlier due diligence revealed no apparent risks
TUI and Royal Caribbean order $2bn-plus cruise ship double at Fincantieri New deal replaces one signed in March with Marella Cruises
Bunker Holding pulls out of physical LNG bunker supply less than a year after entering sector Another company gives up on the sector as staff move on and LNG bunker vessel is redelivered
KNOT sells shuttle tanker to Indonesians for $33m Maritime data provider VesselsValue lists the Heather Knutsen as having a market value of $37.95m
EPS merger with CoolCo overcomes 'final hurdle' as Fearnleys stops coverage Analysts are expecting the takeover to go through, with the share price likely to be pegged to the offer price
Shadow tankers used to launch drone operations against Europe, says Ukraine Denmark and Germany have both reported suspected state-backed drone incursions that have temporarily closed Danish airports
Major Chinese oil import terminals to ban shadow fleet tankers New measures target vessels with false IMO numbers in a blow to Russia and Iran's exports
Eastern Pacific shelves ammonia fuel for big bulkers but is fully committed to gas carriers Delays to 'second generation' engine roll-out and charterers' cold feet prompt fuel pivot
Former shipbroker steps up as chief executive at Kristian Gerhard Jebsen following tanker exit Ex-Grieg executive and dry bulk expert to lead Norwegian shipowner
Petter Mowinckel steps up to top job at Kristian Gerhard Jebsen Ex-Grieg exec and dry bulk expert succeeds departed Orjan Lunde to lead Norwegian shipowner
Explosion and fire after Israeli drones strike sanctioned LPG carrier, Pakistan claims The Clipper's crew says strike caused fire that forced them to abandon ship
Greek order secures Imabari Shipbuilding aframax tanker return after 17-year break A Greek shipping company has ordered two 107,000-dwt newbuildings for delivery in 2027 and 2028
Idan Ofer's EPS Ventures and Cool Company enter $520m merger deal CoolCo board recommends agreement to shareholders
KNOT Offshore sells shuttle tanker to Indonesians for $33m Maritime data provider VesselsValue lists the Heather Knutsen as having a market value of $37.95m.
European Union has killed off methanol as a marine fuel, says first-mover X-Press Feeders Feedering giant says FuelEU regulations have forced its methanol dual-fuel vessels to run on VLSFO
International Chamber of Shipping opens new office in Singapore Move comes two years after opening of Shanghai office
Hengli Shipbuilding secures VLCC contracts worth more than $400m Chinese yard books four newbuildings from European companies
Asyad Shipping confirms newcastlemax bulker trio buy as it boosts fleet Omani shipowner does not name 2020 Bulkers as seller but details match up
Houston gains as New Orleans, Corpus Christi slip in August Houston's August volumes rose 1%, while Corpus Christi oil exports fell and New Orleans container traffic slid 8%.
FedEx, UPS peak season surcharges could drive shippers to competitors Parcel carriers like FedEx and UPS are implementing peak season surcharges to recover costs when there isn't a spike in volume to gear up for, leaving frustrated customers looking for alternative providers.
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