VIDEO: MSC Cruises and Chantiers de l'Atlantique celebrate a triple World Class milestone In a ceremony in Saint-Nazaire, France, yesterday, MSC Cruises and shipbuilder Chantiers de l'Atlantique celebrated milestones for three World Class ships, with the delivery of the much-anticipated MSC World America, the coin
Incat Tasmania's next-gen sustainable ferry will be ready for operation in 2026 Incat Tasmania says that construction of its newest 78-meter hybrid electric ferry is well progressed. The vessel is on track for operation in the first half of 2026 - perfectly timed, says
Ukraine's Black Sea Cargo Volumes on the Rise Ukrainian ports increased the volumes of freight by more than 77% in 2024 as the success of the Black Sea operations was translated into real on-the-water freight exports and imports from the southern Ukrainian cluster of terminals
CK Hutchison pulls back from Panama ports sale? Hong Kong-based conglomerate CK Hutchison, headed by magnate Li Ka-shing, will not proceed with signing a deal next week to sell its two key ports at the Panama Canal to the MSC/BlackRock consortium, according to recent reports . Although the signing of the agreement was initially scheduled for April 2, following an announcement on March 4, the delay does not imply the deal is off. However, the t
Russian reefer ship suffers engine room blast Fire broke out on a Russian reefer ship shortly after it departed from South Korea's Busan port on 26 March. Korea Coast Guard's Busan branch said that its patrol vessel detected flames on the 1993-built Crystal Asia around 7 am local time. At the time, the ship was 8km south of Busan's Gamcheon sub-port. All 23 crew members were evacuated, and the fire was extinguished within 50 minutes. However
Persistent tensions in Red Sea as US forces pound Houthi targets As of March 2025, the situation in the Red Sea remains highly volatile due to ongoing Houthi attacks and continuous US military strikes on Houthi positions in Yemen
Yang Ming purchases three 8,000 TEU methanol dual-fuel boxships Yang Ming is advancing its fleet optimization strategy with the acquisition of three 8,000 TEU methanol dual-fuel-ready container ships from Shoei Kisen Kaisha. Currently under construction at Japan's Imabari Shipbuilding, the vessels are set for delivery between 2028 and 2029. The Taiwanese ocean carrier plans to add up to 13 container ships with a capacity of 8,000 - 15,000 TEUs, while the purc
Smart containers' role in tackling the costly rise in container security risks Developments in smart container technology are revolutionising how shipping lines and key stakeholders better detect, deter and respond to threats from drug smuggling and cargo theft, writes Christian Allred, Chief Commercial Officer of ORBCOMM Drug smuggling, cargo contamination, and cargo theft have surged in recent years, creating significant challenges for the shipping industry. These illicit
PSA sets new container throughput record despite declining profits PSA International handled 100.2 million TEUs in 2024, representing a growth of 5.6% compared to the same period in 2023. PSA Singapore contributed 40.9 million TEUs, and PSA terminals outside Singapore delivered a total throughput of 59.2 million TEUs, both increasing 5.5% and 5.7%, respectively, from the previous year. Additionally, PSA Group boosted revenues by 8.9%, reaching SGD 7.7 billion (U
The Fleeting Nature of Tweets Shows Whether Deleted Posts Truly Disappear Real-time thoughts and news updates along with fleeting opinions have been the cornerstones of Twitter which later became known as X since its inception as a social media platform. The instant shareability of short concise tweets permits spontaneous message sharing. User doubts lead them to activate the delete button on their content. The digital footprint stays gone completely or can be seen by
Port of New York and New Jersey kicks off 2025 with increased box volumes The Port of New York and New Jersey started 2025 with strong growth in total volume and imports. In particular, the US port handled 720,747 TEUs in January, which represents an 8% increase compared to the same month last year. Imports showed a 10.5% growth over last January's numbers, totaling 378,632 TEUs, while exports reached 98,706 TEUs, translating to a 5.7% decrease. Additionally, export em
US Policy Shift Fuel Uncertainty: BIMCO Report and Future Scenarios Since the start of President Trump's second term, U.S. policies have reshaped geopolitics, trade, and shipping, significantly increasing market uncertainties and impacting future supply and demand dynamics. The latest BIMCO report highlights several developments that need to be taken into consideration and are expected to affect the shipping market
Monsoon anomaly holds up ships in Singapore and Port Klang An unusual surge in monsoon winds in Southeast Asia resulted in congestion in the region's key container ports, Singapore and Port Klang, as the region experienced nearly a week of heavy rain. Linerlytica's report this week stated that delays of up to three days have been recorded in Singapore and Port Klang. Singapore, the world's second-largest container port and the busiest transshipment port,
PSA, DNV and PIL join forces to drive digital innovation PSA International, DNV Singapore, and Pacific International Lines (PIL) have signed a Memorandum of Understanding (MoU) to collaborate on carbon emission measurement, reporting, and verification (MRV). This partnership aims to accelerate decarbonization in the maritime and logistics sectors by developing sustainable, data-driven solutions. As sustainability reporting standards evolve, the need fo
Aquaterra wins well intervention work in Nigeria UK-based Aquaterra Energy has secured a multi-year contract with Intrepid Energy Limited to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. The well access package will enable Intrepid Energy to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production. The multi-million-dollar contract includes
Island Drilling scores Equinor contract Norwegian rig owner and operator Island Drilling has won a long-term contract from Equinor for plug and abandonment work on the Norwegian Continental Shelf. The contract, starting in the first quarter of 2026, is for a firm period of three years plus five one-year extension options. The firm deal, involving the Island Innovator semisub rig, ...
Bulgaria proposes security centre for Black Sea shipping Bulgaria has proposed to establish and host a multinational maritime coordination centre aimed at ensuring the safety of shipping in the western part of the Black Sea. The proposal was made by the country's prime minister, Rossen Zhelyazkov, after the Ukraine security summit in Paris on Thursday. The concept envisions the centre providing continuous ...
Depressed bunker sales point toward shakier world trade outlook The tide has turned for bunker sales and prices, an indication that global seaborne trade is on shakier ground this year. "Bunker prices tell the tale of a softening market," broker BRS noted in a new report. As of yesterday, 0.5% very low sulphur fuel oil (VLSFO) bunker prices had slid from $667 per ton ...
Lawsuit and petitions filed against three US offshore wind projects US offshore wind projects are facing even more headwinds as the town of Nantucket and activist groups are challenging three offshore wind projects off the Massachusetts coast. Town officials filed an appeal in the US District Court for the District of Columbia, challenging the decision by the Bureau of Ocean Energy Management (BOEM) to allow ...
Wallenius Wilhelmsen seals $380m European car shipping deal Norwegian car carrier player Wallenius Wilhelmsen has secured a new multi-year shipping contract with a European automaker. The Oslo-listed company said Friday the deal with an unnamed long-term customer would last five years, starting this April. "This demonstrates their commitment to securing long-term ocean capacity," noted Pia Synnerman, chief customer officer at Wallenius Wilhelmsen. Rates ...
Repsol and NEO Energy to merge North Sea operations Spanish energy giant Repsol and Aberdeen-based NEO Energy have decided to merge their assets in the UK part of the North Sea. Under the terms of the transaction, the combined business will be jointly owned by NEO, which will hold 55% of a newly created joint venture company, while Repsol's UK arm will hold the ...
Comité Maritime International: Towards a level playing field The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) have recently launched an updated campaign to get governments to ratify urgent maritime treaties. CMI's president, Ann Fenech, argues that today's challenging international scene and geopolitical developments make it all the more important, now more than ever before, that the maritime law and ...
Keyfield sells accommodation workboat for $12.5m Offshore support and accommodation vessels company Keyfield International has sold one of its workboats to India's Saraf Corporation. Keyfield International's wholly owned subsidiary, Keyfield Offshore, sold the 2014-built Keyfield Lestari for a cash consideration of $12.5m. The company said the sale was expected to be completed in June 2025, coinciding with the completion of the ...
Archer bags plug and abandonment work from Equinor Norwegian offshore service provider Archer has won a contract from Equinor for the planning of permanent plug and abandonment of the Snorre UPA and Heidrun B and C templates. Archer, assisted by its well engineering joint venture with Elemental Energies, will provide end-to-end services that encompass planning, well engineering, and the execution of permanent well ...
Union Marine Management Services breaks into the tanker sector Vinay Gupta-led Union Marine Management Services (UMMS) has broken into the tanker segment in its 13th year of existence. The Singapore shipmanager is taking on two chemical tankers from Flyte Logistics to go alongside the more than 80 bulk carriers on its books. "We are planning to build up and grow this segment for having ...
Famous anchor takes centre stage in Hong Kong One of the world's most famous skylines has a new nautical look. A giant anchor that belonged to the largest ship ever built has been hauled into place on the waterfront of Central in Hong Kong, as part of plans to celebrate the 20th anniversary of the city's maritime museum. The anchor of the ultra ...
One month countdown to Geneva Dry There's just one month to go until this year's largest gathering of charterers and shipowners takes place in the Swiss city of Geneva. Geneva Dry, the world's premier commodities shipping conference, is scheduled for April 28 and 29 at the Hotel President Wilson with close to 300 companies already signed up and organisers warning today ...
Fears of impending EU backdown on IMO carbon levy IMO insiders pushing for a carbon levy on global shipping fear the European Union will accept a compromise plan based...
TEN won milestone shuttle tanker on experience and ship quality claims Tsakos One of company's two LNG carriers seals massive rate for up to 15 years
Transpacific spot rates rise by double digits after three-month slide The bounce in transpacific rates is good news for carriers, but it could be a one-off and there are still...
War risk offering is logical move for Ambrey, AGS insists One-stop shop approach will see digital support embedded in cover
China fortifies anti-sanctions defences as global trade clash fears grow China's new 'implementing regulations' for its anti-foreign sanctions law add enforcement muscle and legal clarity to a previously symbolic framework...
What shipping can learn from Kipling Lee Hsien Loong's speech to Singapore Shipping Week warned the industry of a return to the law of the jungle...
Bulgaria offers to host Black Sea security centre The country's Prime Minister made the offer after a summit held in Paris between European nations on Ukraine's security
Maersk calls for $600 per tonne carbon price Member states should be careful not to over-reward fossil LNG -fuelled vessels, Sanne Frias Henriksen said in Rotterdam
Shipbuilding options increasingly limited for ageing ro-ro fleet replacement Contracting new ro-ro cargoships is becoming more challenging every year, says shipbroker BRS
CMB.Tech buys more Golden Ocean shares The move means CMB.Tech controls 44.5% of the bulk carrier owner, which recorded a net income of $39m in the...
Cosco Shipping Energy posts record profit Chinese energy shipping giant reported increase in both revenue and profit in 2024, driven by strong tanker and LNG transport...
Solong arrives in Aberdeen after tanker collision UK Coastguard said on March 25 that the salvage operation of the containership had progressed enough to allow safe towage
The Daily View: The revolution will not be televised DecarbonisationSustainabilityIMO
Daily Briefing US port fees could 'cripple' Caribbean, force islands to buy more from China | Trump's car import tariffs add to...
Plan to tax Chinese ships turned maritime malaise into 'brainstorming session' In creating the threat of a clearly significant penalty, the US Trade Representative essentially forced observers to not merely give a thumbs up or down to the proposal, but to offer alternative solutions.
Hutchison to delay Panama ports deal signing amid growing Beijing pressure The move comes as Hutchison is facing increasing pressure from the Chinese government over the $22.8 billion sale of its ports business outside China to BlackRock and TiL, especially the Panama ports.
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MSC subsidiary acquiring US intermodal provider COFC Logistics The deal comes as the world's largest container shipping company looks to establish a bigger foothold in surface transportation.
US ports anxious that new tariffs will drag down auto shipments Donald Trump's latest tariffs targeting the auto sector have put key ro/ro ports on alert as they face a "chilling effect" on volumes.
High fuel levy would avoid 'pay-to-pollute' scenario: Maersk The carrier wants the tax imposed on CO2 emissions to raise the price of conventional bunkers high enough to force increased demand for low- and zero-emission fuels and narrow the yawning price gap between green and fossil energy.
Wavelength podcast: Trump policies spark concern and criticism in Washington and Singapore Plus: Can you fuel a ship with booze?
Container spot market stages recovery after 10-week slump Shanghai Containerized Freight Index increased by 5% week-over-week
Turkish owner Ditas builds fleet with newbuildings and Union Maritime deal Low-profile firm reveals steel cutting of chemical tankers and is linked to $40m buy of secondhand product carrier
Canadian exports keep aframaxes hot as charterers search for tonnage Netherlands and UK imports surge with aframaxes the main beneficiary, Signal Ocean says
Four charged in Norway over 'scam' insurance company Norwegian financial supervisory body warned customers off unlicensed Ro Marine
BW LPG's Kristian Sorensen takes home $1.1m in first full year as CEO Company's shares fell 24% in 2024, a year in which it pulled off a major M&A deal with John Fredriksen
Shipowner John Dragnis expands investment horizon in world gripped by aggressive and erratic protectionism Goldenport's diversification strategy pays amid global upheaval
Yang Ming swoops on methanol newbuild boxship trio from Japanese owner Liner operator kicks-off fleet renewal plan for up to 13 neo-panamax container ship in deal with Shoei Kisen
'Adapt to survive': Shipowners chart a path through Trump's short-term turbulence Delegates stress that agility and adaptability are key to navigating through the current turbulent climate
Climate finance: Putting levies on shipping isn't just equitable - it makes economic sense With April's IMO negotiations offering the chance for ambitious climate levies, it's time developed countries recognise that climate finance is in their interest too
Greek owner Adam Polemis tied to asset play for veteran VLCC New Shipping is reportedly selling its first vessel in 18 months
Scorpio tanker ships in first Libyan cargo to Norway in more than two years The LR2 STI Spiga was loaded with Sharara crude for oil major Equinor
CMB.Tech raises stake in Golden Ocean as $59m stock raid marks next step towards merger Fearnleys sees CMB.Tech increasing to 50% holding as it moves towards merger
Wallenius Wilhelmsen adds to backlog with $380m European deal Oslo-listed owner says five-year contract begins on 1 April
Kpler springs new AI shipbroking tools to change 'how chartering is done' Trade analytics outfit's chartering director Shruti Bansal says existing tools are antiquated
Methanol first-mover warns dual-fuel vessels may switch to conventional fuel if price gap persists X-Press Feeders CEO calls for government intervention in the form of methanol incentives and fuel oil disincentives
Seacon Shipping profit soars as it registers highest earnings ever Chinese company saw net profit increase by 230% to $70.3m
Third-generation mariner steers NJ Goulandris tanker arm towards a greener future Panagiota Chrysanthi, third-generation descendant of seafaring family, heads traditional shipping firm
Vessel sales boost Exmar's profit by 151.4% to $181m However, revenue dropped nearly 40% due to the completion of LNG projects
Methanol first-mover warns dual fuel vessels may switch to conventional fuel unless price gap narrows X-Press Feeders CEOS calls for government intervention in the form of methanol incentives and fuel oil disincentives
Seacon Shipping profit soar as it registers highest earnings ever Chinese company saw net profit increased by 230% to $70.3m
Trump official discusses port fee proposal with worried Caribbean leaders Marco Rubio says Chinese shipbuilding dominance is 'dangerous'
Wallenius Wilhelmsen secures ro-ro contract extension, renewal worth more than $2B Wallenius Wilhelmsen announced a contract renewal and extension that combined are worth more than $2 billion.
New UPS tool helps online shoppers calculate import fees before buying A new tool for calculating import fees for international online orders aims to differentiate UPS from other parcel carriers.
China to review sale of Panama Canal shipping terminals to US investor: Report In an unusual move, China regulators will review the sale of port operations linked to the Panama Canal to a consortium led by a U.S investor. China's State Administration for Market Regulation posted comments on its website that it planned to review the $23 billion sale by Hong Kong-based CK Hutchison to BlackRock and ocean [...]
WestJet transitions out of freighter operations, cargo VP resigns Canada's WestJet is backing out of the cargo business after two years because of a difficult competitive environment.
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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