VIDEO: Master Boat unveils its new state-of-the-art dry dock Coden, Ala.-based Master Boat Builders, Inc. has taken delivery of a new, state-of-the-art floating dry dock, giving the company direct control over launch schedules and accelerating vessel deliveries. Designed and built by
VIDEO: Senate hearing focuses on reviving U.S. commercial shipbuilding How do we modernize and accelerate U.S. commercial shipbuilding while strengthening America's broader maritime industrial base? That was the focus of a senate subcommittee hearing titled "Sea Change: Reviving Commercial Shipbuilding." Convened
Everllence secures first G70 Mk10.7 engine order Everllence won an order for 2 � 6G70ME-C Mk10.7 engines. They will power two 159,000 dwt crude oil tankers for Dynacom Tankers. The vessels are under construction at New Times Shipbuilding (NTS) in Jiangsu, China. The engines will be built in Korea. This marks the first sale of a 70-bore engine from Everllence's Mk10.7 platform. Bjarne Foldager, Head of Two-Stroke Business, said: "We introduced t
Carpenters Shipping Implements PSS for Vanuatu Carpenters Shipping Limited has announced the implementation of a Peak Season Surcharge (PSS) due to rising operating costs and sustained surges in demand across the sector. The surcharge will apply to all bills of lading dated on and after November 27, 2025, for cargo originating from Asia and destined for Port Vila and Santo, Vanuatu. The following quantum of increase will take effect: 20'GP: U
Panama Canal launches port terminal development consultations The Panama Canal has started consultations with the maritime industry to explore developing port terminals on both the Atlantic and Pacific sides. The process follows a similar approach used for the gas pipeline project. Representatives from container port operators and shipping lines were invited to join. Attendance was by invitation only, in line with institutional rules. Participants included
Suez Canal traffic restored after tanker grounding Traffic through the Suez Canal is flowing normally in both directions after a grounding incident involving the oil tanker KOMANDER. Adm. Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority (SCA), confirmed that maritime salvage efforts handled the situation immediately. The tanker's machinery failed at km 47, causing it to ground during the northern convoy transit at 12:30 p
Pakistan offers Bangladesh to use its Karachi Port Trust to facilitate trade with China Pakistan has offered Bangladesh the use of its Karachi Port Trust, one of South Asia's largest and busiest deep-water seaports, to facilitate Bangladesh's trade with China and other countries. Pakistan's Federal Minister for Petroleum, Ali Pervaiz Malik, made the offer on Monday, October 27, at the 9th Session of the Bangladesh-Pakistan Joint Economic Commission (JEC) held in Dhaka. The Banglades
ONE updates TIP service network Ocean Network Express (ONE) has announced updates to its Thailand-India-Pakistan (TIP) service to strengthen schedule integrity and improve operational flexibility across its regional network. Under the new service structure, calls at Bin Qasim (QICT) and Port Klang (Eastbound) will be reinstated. The revised rotation will take effect with MV ONE PRESENCE V.0028W, scheduled to arrive at Laem Chab
Saudi Global Ports records strong growth SGP Container Terminals, a subsidiary of Saudi Global Ports Group has achieved a significant milestone by surpassing 15 million TEUs in cumulative container throughput handled at King Abdulaziz Port Dammam since commencing operations in 2015. This milestone was achieved through close collaboration with the Saudi Ports Authority, Zakat, Tax and Customs Authority, global shipping lines, and various
ABS and KRISO partner on small modular reactor research ABS and the Korea Research Institute of Ships & Ocean Engineering (KRISO) have signed a memorandum of understanding (MoU) to advance the use of small modular reactors (SMRs) in marine and offshore industries. The MoU sets a framework for both organizations to share knowledge and collaborate on joint research projects, including SMR-powered ship designs and floating SMR power platforms. The partne
Throughput at port of Rotterdam falls slightly Total throughput in the port of Rotterdam fell slightly by 2.6% in the third quarter of 2025 compared to the same period last year. In the first nine months of this year, throughput was 320.2 million tonnes, compared to 328.9 million tonnes in the first nine months of 2024. The decline is mainly due to lower throughput of iron ore and mineral oil products. The throughput of agribulk, crude oil, L
Vancouver Fraser Port Authority and Manitoba government signed MOU The Manitoba government and the Vancouver Fraser Port Authority have signed a Memorandum of Understanding to strengthen economic corridors and supply chains connecting Manitoba businesses and the products they make to customers in global markets through the Port of Vancouver bolstering the province's and Canada's competitiveness as a trading nation during a time of economic uncertainty. The MOU,
Wan Hai ship to undergo repairs after fatal collision leaves two crewmen missing (updated) Two seafarers are missing after a Wan Hai container ship collided with general cargo vessel outside China's Nansha port. On 25 October, around 8pm local time, the 13,000 TEU Wan Hai A17, which served the Taiwanese operator's Asia-US East Coast route, allegedly hit the 8,316 GT Hai Li 5, causing the latter vessel to capsize. Thirteen crew members on Hai Li 5 were rescued, but two are missing. This
Hapag-Lloyd names the "Wilhelmshaven Express" marking completion of 24,000 TEU newbuild program series Hapag-Lloyd has officially named the Wilhelmshaven Express at the Jade Weser Port in Wilhelmshaven, celebrating both the christening of its latest ultra-large container vessel and the completion of its extensive 24,000 TEU-class newbuild program. The Wilhelmshaven Express is the 12th and final vessel in Hapag-Lloyd's Hamburg Express class, concluding a three-year program that has redefined the co
ABS Group appoints David Wechsler as CEO ABS Group has appointed David Wechsler as its new Chief Executive Officer. A founding partner of the firm that became Hitachi Consulting, Wechsler brings over 35 years of leadership experience in management consulting. He has led major consulting practices across manufacturing, energy, automotive, technology, and consumer products. Known for growing businesses and leading complex operations, Wech
Yang Ming completes orders for six methanol dual-fuel-ready containerships Yang Ming Marine Transport Corporation has finalized contracts for six 8,000 TEU-class methanol dual-fuel-ready containerships with Nihon Shipyard Co., Ltd., Imabari Shipbuilding Co., Ltd., and Shoei Kisen Kaisha, Ltd. The signing ceremony took place at the Imabari International Hotel on October 28, marking a major step in Yang Ming's long-term strategy to modernize its fleet and strengthen its g
DP World launches digital port system in Mombasa DP World has launched the rollout of its state-of-the-art Port Community System in Kenya, marking a major milestone in the country's journey toward more efficient and transparent trade. As the gateway to more than a dozen landlocked nations in East and Central Africa, the Port of Mombasa handles a significant portion of the region's imports and exports, making its digital transformation critical
NFI appoints new President of Transportation Management NFI, a leading supply chain solutions provider, has appointed Chuck Papa as President of Transportation Management (TM). The move strengthens NFI's focus on integrated, technology-driven logistics solutions. With over 28 years of experience at Uber Freight, Transplace, and Penske Logistics, Papa will lead the strategic expansion of NFI's TM division. He will focus on scaling its 4PL capabilities
Maersk inaugurates new Belcon Cold Store in Cape Town Maersk has officially inaugurated its Belcon Cold Store facility in Cape Town, marking a major milestone in the company's more than USD 100 million investment to strengthen South Africa's cold chain infrastructure. The opening reinforces Maersk's long-term commitment to supporting the nation's economy and enhancing value creation for local businesses and communities. The new facility is part of M
Everllence completes first S90 methanol engine retrofit for COSCO SHIPPING Everllence has completed the world's first conversion of an Everllence B&W S90 two-stroke engine to run on dual-fuel methanol, marking a major decarbonisation milestone. The 11S90ME-C engine aboard COSCO SHIPPING LINES' 20,000+ TEU vessel COSCO SHIPPING LIBRA was successfully retrofitted to an 11S90ME-LGIM (Liquid Gas Injection Methanol) unit following sea trials. Everllence PrimeServ, the compan
Mitsui E&S produces first in-house Everllence TCT Turbocharger Mitsui E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President & CEO: Takeyuki Takahashi) has completed its first in-house manufactured MITSUI-Everllence TCT turbocharger for the MITSUI-Everllence B&W engine. The new model, named TCT40, will be installed on the 6S60ME-C10.5-EGRBP engine currently under production. The TCT40 offers better maintainability and longer service intervals than convention
Kuehne+Nagel expands cross-border fleet to strengthen Southeast Asia network Kuehne+Nagel is expanding its cross-border transport capabilities in Southeast Asia with a new fleet of prime movers in Thailand. The move builds on the company's 2024 acquisition of City Zone Express, a logistics provider active in Malaysia, Singapore, Vietnam, Thailand, and China. The investment aims to meet growing demand for reliable, scalable regional transport, especially for e-commerce and
KCCI rises again as Busan export rates climb across most lanes The KOBC Container Composite Index (KCCI) rose for the second consecutive week, reaching 1,719 points on Monday, according to Korea Ocean Business Corp. (KOBC) and Japan International Freight Forwarders Association (JIFFA). Spot rates for container exports from Busan increased on most major trade routes, except to the east coast of Latin America and West Africa. The index climbed 1.24% from the p
Port of Melbourne and PTP partner to advance sustainable port operations Port of Melbourne and Port of Tanjung Pelepas (PTP) have signed a Memorandum of Understanding (MoU) to advance sustainable and inclusive port operations. The signing took place during the Australia at ASEAN Business Mission Reception at the ASEAN Business and Investment Summit in Kuala Lumpur. The MoU was exchanged between Australian Prime Minister Anthony Albanese and Malaysian Prime Minister Da
Freightos Weekly Update: Hope growing for China-US deescalation Expectations are high that a significant deescalation of China-US trade tensions - possibly featuring tariff levels below the baseline set back in May - is possible in the coming days. High level US-China meetings in Malaysia over the weekend reportedly brought the two sides closer on many issues after weeks of growing pressure. This sign of progress has generated optimism that the upcoming Trump
Ocean Installer keeps Solstad CSV for another year Marine construction contractor Ocean Installer, a Moreld subsidiary, has exercised an option to keep the 2014-built construction support vessel Normand Vision for one more year. The extension will kick off in direct continuation of the current agreement. This extension secures operations for the Solstad Maritime-owned vessel through the end of 2027. Additionally, the agreement has ...
OceanPal charts new course into AI and crypto infrastructure Greek shipowner OceanPal has taken a major step outside traditional shipping, unveiling a new subsidiary focused on artificial intelligence and blockchain. The Nasdaq-listed bulker and tanker owner said it has raised $120m through a private investment in public equity (PIPE) deal to launch SovereignAI, a new digital venture aimed at commercialising the NEAR Protocol and ...
Alfa Laval: Balancing short-term operational needs with long-term goals For shipping's leaders, the biggest challenge today isn't just keeping up with technology - it's knowing which path to take. "Making decisions about which technology or fuel to invest in has not been easy," says Martijn Bergink, president of Alfa Laval's marine division. "Rapidly changing regulations, evolving fuel options, and rising costs have created a ...
HMM joins the exclusive teu millionaires club South Korea's flagship carrier HMM has become the eighth member of the exclusive teu millionaires club. HMM's fleet now stands at 1,007,180 teu, according to analysis by Alphaliner, which noted in its most recent weekly report that the Korean carrier's operated capacity has doubled over the past five years, the 2020s being the most profitable ...
Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company's latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels at Guangzhou Huangpu Wenchong Shipbuilding, likely of the yard's in-house ...
Japan delivers world's first land-based marine hydrogen engine test Japan has achieved another world first in the race to decarbonise shipping. A consortium of Kawasaki Heavy Industries, Yanmar Power Solutions and Japan Engine Corporation has successfully carried out the first land-based operation of marine hydrogen engines, marking a major step toward zero-emission ship propulsion. The trial took place at Japan Engine's headquarters factory using ...
Peterson Den Helder extends charter for Havila PSV until late 2026 Norwegian OSV owner Havila Shipping has secured another contract extension for its platform supply vessel Havila Borg. The Fosnavåg-based company has fixed the 2009-built PSV to energy industry logistics provider Peterson Den Helder up to the late fourth quarter of 2026. The Oslo-listed company, which operates 14 vessels, including six for external owners, said the ...
Tanker rates poised to close 2025 with best year in a decade The year 2025 is shaping up to be the best year for tankers in a decade, according to analysis carried in the October issue of Splash Extra, now available to read for free. Year-to-date average VLCC earnings of $44,279 are the best since 2015, when China was filling its newly built strategic petroleum reserve, when ...
Noble secures multiple rig deals and boosts backlog to $7bn Offshore drilling giant Noble Corporation has announced several new rig deals in its latest fleet status report, and one rig sale. The driller stated that three of its jackup rigs won more work with their respective charterers. The 2008-built Noble Resolute won a one-year contract with Italian giant Eni in the Dutch part of the ...
Top shipping organisations reaffirm support for IMO as global regulator In light of this month's surprise move by member states to put the Net-Zero Framework (NZF) on ice, the world's leading shipping organisations have reaffirmed their support to the International Maritime Organization (IMO) as the global regulator for international shipping. The Tripartite Forum of shipbuilders, shipowners and classification societies, which features the likes of BIMCO, ...
Welcome to the age of uncertainty The opening Big Issues session of the Maritime CEO Forum yesterday at the Monaco Yacht Club provided a revealing snapshot of where shipping stands today: navigating an era of unprecedented volatility, regulatory uncertainty and an ageing fleet. Moderated by Sam Chambers, editorial director of Splash, the panel featured leading voices from across the sector - ...
Sail right, turn left Obviously I am biased, but genuinely I am always amazed how much ground we cover - and with such candour - at our half-day exclusive Maritime CEO Forums. Take last month's valedictory forum at the Fullerton in Singapore where discussions tackled some of the biggest challenges facing the industry today. The unifying theme? The sheer, ...
October 2025 Review October 17 saw International Maritime Organization member states vote for a one-year delay in the Net-Zero Framework (NZF), throwing shipping's path towards decarbonisation into considerable doubt. The campaign to down the NZF was led by the US and Saudi Arabia. 57 states backed the delay, 49 opposed it, and 21 countries decided to abstain. The ...
2025 shaping up to be the best year for tankers in a decade Crude oil tanker owners must make their bows this year to Washington DC and Beijing. The former's energy policy has supported big oil investment in production in countries like Guyana as well as domestically, increasing the global supply of oil and keeping down prices, which in turn has supported demand even as the energy transition ...
Dry bulk's storm in a tea cup China's state owned iron ore buyer may have waved its big stick at Australian exporters over price negotiations but it is still reported to be buying cargoes for delivery in November and December, and to be paying in US dollars - which it advised its member companies not to do back in September. Capesize markets ...
Containers' topsy-turvy month You might have thought that, after a pre-tariff early peak season back in July, the liner freight market would now be subsiding into a deglobalised recession. October would in this case have surprised you. The Freightos global average freight rate per forty foot box did indeed bottom out at $1,546 on October 10, its lowest ...
Analyst Abstract Tankers China and India, Russia's two largest crude buyers, paused purchases last week following new US, UK and EU sanctions on Rosneft and Lukoil, something that analysts believe is great news for owners of compliant tankers. The sanctions have reopened the arbitrage from the Atlantic to the Pacific, according to analysis from Poten. This, says ...
Secondhand market holds its nerve Like a cruiseship's passenger list, broker Hartland quipped this month's bulker sales are heavily weighted toward the middle-aged and elderly. None of the ships changing hands achieved anything dramatically above or below prevailing benchmarks - a classic "steady as she goes" market. Among the headline deals, Belgian owner EBE (of the Saverys family) splashed out ...
Efnav returns to newbuilds with six kamsarmaxes at China's Hengli Greek owner Efnav is expanding its dry bulk fleet with an order for six kamsarmax bulk carriers at Hengli Heavy Industries, marking its first deal with the fast-growing Chinese yard. The contract for the 82,000 dwt newbuilds was signed this week in Dalian, with Efnav founder Philippos Efstathiou and Hengli Group chairman Chen Jianhua attending ...
Judge agrees to pause Tinos I proceedings as parties reach 'agreement in principle' The legal battle between Vitol and the US-sanctioned owners of Tinos I appears to be approaching a conclusion as 'agreement...
Spot LNG shipping rates surge in Atlantic basin but outlook remains grim Spot rates in the Atlantic basin are up sharply. LNG shipping will take whatever good news it can get it...
Robin Energy raises another $7m from share issue Second deal with Maxim Group in little more than month sees 6.5m shares purchased by single institutional investor
OceanPal raises $120m for digital diversification move Greece-based shipowner launches new subsidiary for AI and blockchain strategy
Navios Partners completes $300m Nordic bond issue US-listed owner of bulkers, tankers and containerships priced bonds at 7.75%
Tonnage tsunami: can ports withstand the ULC surge? Global ports are bracing for a wave of ultra-large containerships that have the potential to overwhelm infrastructure and cripple supply...
European shipowners and airlines want clean fuel support in EU investment plan European shipowners and airlines have called for the European Commission and national governments to mandate a share of green fuels...
Shipmanager must pay legal costs after losing charterparty identity dispute with Russian owner Acting deputy judge rules he has no power to grant permission to appeal
APM Terminals and APA to construct new berth at Mobile container terminal Construction is expected to start next year, with completion expected in two years
Stephenson Harwood to open two offices in Saudi Arabia Middle East is key focus of growth strategy, says Morris
NZ police raid insurer Maritime Mutual over alleged sanctions busting New Zealand police raided the offices of insurer Maritime Mutual over allegations it insured ships carrying Iranian and Russian oil
Mittal JV refinery buys crude carried on shadow fleet tankers The four shipments are worth around $280m
CMA CGM and RSGT ink $450m deal for fourth Jeddah terminal The expansion will aid the nation's Saudi Vision 20230 ambitions by raising container-handling capacity to 8.8m teu per year
The Daily View: Baseball, Reagan and global trade
Daily Briefing Russian box volumes rebound despite sanctions and service realignments | Panama Canal makes its case for two new transhipment hubs...
Redecking project on Los Angeles harbor bridge to begin in early 2026 But the state will pass, for now, on any proposals being pushed by port stakeholders to raise the height of the Vincent Thomas Bridge, a move that would allow bigger vessels to call at three of the port's terminals.
APM to move ahead with Mobile's third berth after harbor deepening APM Terminals said the new $131 million berth would increase Mobile's container capacity by 50%, with an eye on cargo owners that need to reach markets in the US Midwest and Southeast.
J.B. Hunt's East Coast strategy is shifting as rail alliances realign The largest US intermodal provider's relationships with competing eastern railroads Norfolk Southern and CSX are shifting and will continue evolving through 2026 as the proposed merger between NS and UP winds its way through the regulatory process.
CMA CGM revives talks for ownership stake in Hamburg terminal: Alphaliner A share in Eurogate's CTH facility would give the carrier a firm foothold in Europe's third-largest container port.
Oilfield service giants banking on windfall from data center power projects The companies are exploring opportunities to tap into the rapidly growing data center market, which could result in more project cargo activity from the power generation projects needed to support the centers.
Asia-Europe ocean imports drive up Rotterdam's nine-month volume Europe's busiest container port has maintained its growth so far this year despite persistent congestion, intermittent strikes and growing geopolitical tensions.
Green fuel funding slowed by IMO decarbonization delay: Hapag-Lloyd CEO A limited supply of alternative fuels will not be helped by the one-year adjournment of the net-zero framework, Rolf Habben Jansen says.
Suez Canal tanker grounding highlights how sanctions have struggled to land a glove on Russia US action against Russia's major oil producers may only create a 'minor hiccup' in Moscow's war plans
HD Hyundai embraces defence and nuclear markets with AI and small reactor-powered ships Chairman Kisun Chung unveils naval ambitions, nuclear propulsion plans and US partnerships at APEC forum
Dealmaker Trump secures pledges from South Korea's big three shipbuilders Trade deal also enshrines Kogas deal to buy 3.3 mtpa of LNG
Does Scorpio 'debt-zero' plan hint at asset play or a lure for long-only investors? This week's Streetwise reviews a new analyst take on product tanker giant
'Master of shipbuilding' South Korea strikes $150bn trade and security deal with Trump Hanwha vice chair meets with US ambassador to China
Russian LNG shadow ship heads towards Red Sea in ballast LNG carrier would be the first full-size vessel for this sector to transit waterway in eight months
Rate rally goes on for product tankers as Russian sanctions drive 'scarcity' Brokers and analysts note strong demand for compliant cargoes boosting tonne-miles
German shipowner Ernst Russ ups stake in six feeder container vessels Hamburg-listed tonnage provider buys out partners
Petrobras moves for Maersk and George Livanos tankers in clean and dirty trades Brazilian major also extends deal for CMB.Tech VLCC
KCC poised for newbuilding return to pounce on price drops, CEO says Chief executive Engebret Dahm tells analysts that new ships could mean new trades
Maersk Tankers executive embroiled in lawsuit over alleged exploitation of the elderly in property deal Maersk Tankers' crude tanker chartering head accused of conflicted deal with business partner serving as conservator
Winter finally kicks in for LNG carriers as charter rates hit $50,000 per day mark Market is still seen as oversupplied on shipping and optimism is expected to be short-lived
Shadow supply chain could rise in China as US pushes ahead with sanctions crackdown Hundreds of ships are already sanctioned and two Chinese terminals were backlisted in August
Saudi tanker giant Bahri breaks into offshore shipping as it reveals $200m of new orders VLCC specialist says two support ships are under contract, as well as more con-ro vessels
Russia using protected ferry grave site for spying operations, probe finds German investigation suggests military sensors have been hidden at final resting place of more than 850 people
IMO chief reflects on 'external factors' at play in unusual Net-Zero Framework meeting IMO secretary general is the guest on the latest episode of TradeWinds' Wavelength Plus podcast
Iran demands $170m 'fine' to free Zodiac Maritime-linked ship Spokesman says charges have been filed ahead of a trial in MSC Aries case
Shadow fleet raids: Three properties searched and three people detained in Russian sanctions sting Three properties were searched as part of investigation into suspected Russian sanctions breaches
'Too expensive': Capesize asset prices drive downgrade for bulker stocks ABG cuts 2020 Bulkers and Himalaya Shipping to hold
Diana Shipping spin-off makes $120m AI and crypto bet in dramatic tech pivot Greek shipowner brings in new management team and sets up subsidiary SovereignAI
Torvald Klaveness appoints finance chief with brief to do more than manage the numbers CFO will be part of executive committee and holding management team
Sanctioned aframax tanker appears to pull out of Indian run with Rosneft cargo The Furia is now idling in the Baltic Sea, shipping data shows
China's rising steel demand to lift capesize earnings in 2026 Shift from construction to vehicle production is keeping appetite for iron ore - and steel - high
Evangelos Marinakis' Capital Maritime extends orderbook to capesize bulk carriers Greek shipowner orders conventionally fuelled newbuildings in China
Capesize earnings predicted to rise in 2026 China's demand for iron ore is shifting from construction to vehicles
The only way for capesize earnings is up in 2026 China's demand for iron ore is shifting from construction to vehicles
Nakilat locks in South Korean financing for its incoming wave of LNG newbuildings Company approaches 'pivotal' 2026 as it inches up quarterly returns
DHL Express invests $90M in New York delivery upgrades DHL has moved to a bigger package distribution center just outside Manhattan, upgraded parcel handling technology and added a freighter aircraft service to Newark as part of strategic investment in the New York market.
Ocean rates higher by double-digits as U.S. makes Asia trade progress Trans-Pacific container rates improved 15% to 20% last week as U.S. negotiators made progress on Asia trade deals.
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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