NTSB reports on $3.28M barge tow strike on bridge components Anticipating a strong cross-current that never materialized, an experienced tow pilot deviated from the sailing line on the Mississippi River and struck components of the Fort Madison Bridge near Fort Madison, Iowa,
Registration opens for Marine Log's FERRIES 2025 conference Registration is now open for Marine Log's 38th annual FERRIES conference, which will be held November 4-5, 2025, at the Hyatt Regency Jersey City in the New York City area. The event
GT USA and Great Lakes East launch monthly barge service GT USA, the US arm of the Gulftainer Group has announced a strategic partnership with Great Lakes East to launch a new monthly barge service between Port Canaveral, Florida and San Juan, Puerto Rico. The new service will facilitate the regular export of construction materials from the Canaveral Cargo Terminal, including lumber, steel coils, sheet piles, rebar, and other general cargo destined for
Freightos Weekly Update: Trade deals bring welcome stability With the US's August 1st reciprocal tariff pause expiration date days away, the White House has announced a series of last minute deals with several of its major trade partners including the EU and Japan. The agreement with the European Union will feature a 15% baseline US tariff on most EU exports - up from the current 10%, but down from the recently threatened 30% level. This rate will apply to
Port of Rotterdam appoints new chief representative in India, Sri Lanka, and Bangladesh The Port of Rotterdam Authority has appointed Amlan Bora as its Chief Representative for India and South Asia, covering India, Sri Lanka, and Bangladesh. This appointment, facilitated through Dhanoni Advisory LLP, reflects the Port of Rotterdam's strategic ambition to build deeper and more resilient partnerships across the South Asian region. The objective is to enhance trade connectivity and fos
ABL acquires Transhipment Services Australia Asian Bulk Logistics (ABL) has completed its acquisition of Transhipment Services Australia (TSA), becoming the company's sole shareholder. With the deal finalized, TSA now joins ABL's growing global logistics and infrastructure network. TSA brings a strong footprint in the transhipment sector. The company moves over six million tonnes of cargo each year using six barges and a floating crane. Ope
EcoNavis secures first Propeller Cap deal EcoNavis Solutions has secured its first commercial contract for the Eco Boss Cap, a new fuel-saving propeller hub cap launched last year. The device will be retrofitted to a general cargo ship managed by a Thailand-based operator. EcoNavis has received two purchase orders and says the company is considering upgrades on five more vessels. Work will take place in mid-August at a shipyard near Shan
SCFI drops for seventh week straight According to Japan International Freight Forwarders Association (JIFFA), the Shanghai Containerized Freight Index (SCFI) fell again in Week 30. It dropped 3% to 1,592.67 points. This marks the seventh straight weekly decline. The index tracks spot export rates from Shanghai. It does not include terminal handling charges. Rates on east-west routes showed mixed results. Rates to Europe rose 0.5% to
Port projects underway signal geopolitical shift in global trade routes Amid a rapidly evolving maritime landscape, a growing number of port infrastructure projects currently under construction in 2025 are redrawing the map of global trade power. It could be said that there is a deliberate strategy to empower the Global South as full-scale logistics actors
OceanScore reaches 2,300 vessels More shipping companies turn to digital tools for EU ETS and FuelEU compliance OceanScore has now signed over 2,300 vessels to its platform. The Hamburg-based company says the milestone reflects growing demand for simpler, smarter, and more transparent compliance with EU ETS and FuelEU Maritime regulations. New clients include Anglo-Eastern, Eurotankers, Almi Marine, Eurobulk, Cetus Maritime, and
The US between Panama deal and container market downturn There is a significant indirect correlation between two recent developments, one concerning US trade deals and container market downturn, and the other involving COSCO's potential inclusion in the CK Hutchison port sale, when viewed through the lens of US trade interests and shipping operations. Although the developments focus on different events trade deals vs. corporate transactions they conver
Port of Montreal Contrec�ur expansion project advances toward construction phase The Montreal Port Authority has officially submitted its notice of intent to begin preliminary construction work on the Contrec�ur expansion project as early as September 29, 2025, subject to the final regulatory approvals. Julie Gascon, President and CEO of the MPA, commented that once all necessary approvals are secured, they will be ready to launch this major strategic initiative, which is vit
Georgia Ports Authority reports growth in container trade for 2025 The Georgia Ports Authority concluded fiscal year 2025 with a total of 5.7 million TEUs moved, an increase of 8.6%, or 450,000 TEUs, compared to the previous fiscal year. This marks the Port of Savannah's second-busiest year on record, underscoring the ongoing strength and resilience of Georgia's logistics sector. Notably, the Port of Savannah had handled 5.76 million TEUs during the pandemic-dri
Carriers face another five years of instability Container market turmoil is set to last until the end of the decade if the market fundamentals are to be believed, with growing overcapacity and stalling growth limiting the shipping industry's room for manoeuvre. Since the beginning of the decade a number of crises have seen the shipping lines boost their profits as first Covid congestion, then the Ever Given and more recently the Red Sea divers
Valenciaport closes 2024 with revenue growth The Port Authority of Valencia concluded the 2024 financial year with robust consolidated results, underscoring its financial strength and operational efficiency, key pillars of the port's long-term strategy outlined in the 2035 Strategic Plan. These results provide a solid foundation for the ambitious €902.42 million Investment Plan for 2025-2029, recently approved by State Ports and highlighted
Port Authority of New York and New Jersey reports strong growth Cargo activity at the Port of New York and New Jersey demonstrated solid momentum, with a 4.9% year-over-year increase in total cargo volume. The port handled 4,417,282 TEUs from January through June 2025, marking a 20.9% surge over pre-pandemic levels in 2019. The port ranked as the second-busiest in the United States for loaded containers during both the month of June and the first half of the
The August issue of CN Magazine is out now! The latest edition of CN Magazine is here: Packed with essential updates and insights from the world of container shipping, ports, and logistics . In This Issue : The newest developments shaping global trade Launch of new services and shifting shipping routes Industry trends in port infrastructure and supply chain resilience An exclusive interview with Sohar Port and Freezone on growth, sustainab
How geopolitics is redrawing the map of port dynamics in the Middle East and Far East As global shipping lanes grow more volatile and politically contested, container ports in the Middle East and Far East are undergoing a seismic shift. A new wave of data from DynaLiners reveals how these regions are responding to and in some cases, suffering from dramatic geopolitical currents
GMS and Liberian Registry issue first IRRC GMS and the Liberian Registry have issued the world's first International Ready for Recycling Certificate (IRRC) since the Hong Kong Convention took effect on June 26, 2025. The certificate was awarded to the vessel R PISCES , making it the first ship globally to meet the Convention's requirements. This marks a major milestone for the ship recycling industry. Moreover, the IRRC confirms that R PI
Shipnet names John Wills as Chief Operating Officer Shipnet has appointed John Wills as its new Chief Operating Officer, marking a key leadership move as the company prepares for a new phase of product innovation and growth. Wills previously served as Head of Customer Experience and brings a strong data-driven background to his expanded role. The Oslo-based maritime software provider, known for its integrated vessel management solutions, is aligni
Castor seals $14.6m leaseback for kamsarmax bulker Cyprus-based bulker and boxship owner Castor Maritime has completed a sale and leaseback transaction with a Japanese counterparty for one of its kamsarmaxes. The Nasdaq-listed company has struck a deal for the 2011-built Magic Thunder, with the 83,400 dwt vessel bringing in about $14.6m. The vesssel will remain under Castor's commercial control under a bareboat ...
NextGeo wins $23m Prysmian deal Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) has secured two new contracts worth a combined €20m ($23m) from Italian cabling giant Prysmian, securing long-term seabed work across European power transmission and wind energy projects. The first contract involves route preparation for the Bay of Biscay HVDC interconnector, a subsea cable link between ...
Mitsui takes over Scottish wind port Japanese trading house Mitsui & Co and shipping giant Mitsui OSK Lines (MOL) have agreed to acquire Scotland's energy industry hub Port of Nigg and key fabrication and access business units from Global Energy Group (GEG). The deal covers the deepwater, multi-sector energy port and UK green freeport; Global Energy (Fabrication) - a multi-site fabrication ...
US rail giants in $85bn coast-to-coast tie-up Union Pacific has struck a deal to acquire rival railroad Norfolk Southern in a stock-and-cash transaction valued at $85bn, in a move that would form the first coast-to-coast freight rail network in the US. The combined operator would span more than 50,000 route miles across 43 states and link close to 100 ports, giving it ...
Vintage MR2 tanker sales surge The market for vintage MR2 product tankers has experienced a notable resurgence in activity fover the past two months, driven by declining asset prices. Owners who have been reluctant to let go of tonnage at significantly lower prices following the highs of late 2024 are biting the bullet. This impasse appears to have broken, with ...
Excess, unidentified baggage in containers is breaking the back of shipowners Captain Naveen Singhal and Captain M.M. Saggi have suggestions on how to clamp down on the scourge of misdeclared cargoes. Containerisation has been a game-changer in the carriage of goods. However, in the last decade or so, unscrupulous shippers and freight forwarders to save a few dollars on freight, have seriously jeopardised an efficient and ...
Greta Shipping enters market with three Middle East - India Subcontinent loops New feeder entrant Greta Shipping is launching three dedicated services connecting the Middle East and the Indian Subcontinent. The company, a Singapore-registered subsidiary wholly owned by Chinese conglomerate Xiamen C&D, will officially launch its operations in mid-August, according to Alphaliner. Greta Shipping's JKX service will link the Middle East transhipment hub of Jebel Ali with ...
CMA CGM eyes Hutchison Ports as MSC deal falters French shipping and logistics giant CMA CGM has confirmed it is eyeing the potential acquisition of terminals from CK Hutchison, after exclusive talks between the Hong Kong conglomerate and a consortium led by BlackRock expired over the weekend. The preliminary deal, first announced in March, involved the sale of the majority of Hutchison's global port ...
COSCO rolls out 14-vessel shipbuilding push at domestic yards COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China's state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds have been booked at the leading builder in the ...
Chinese seafood giant revives yard in Shandong Chinese seafood giant Chishan Group has entered the shipbuilding industry with the acquisition and restructuring of Shandong Baibuting Shipbuilding, a historic yard located in Rongcheng, Shandong province. The newly renamed Shandong Fulton Shipbuilding marks the group's strategic expansion amid a broader revival of private-sector shipyard assets across China. The deal involves the 100% acquisitio
Ukraine to auction bulk carrier after Crimean port violation Ukraine's Asset Recovery and Management Agency (ARMA) has announced it will auction the Anka, a Turkish-owned dry cargo vessel seized for violating Ukrainian sanctions by docking in a port in Russian-occupied Crimea. The sale marks the latest enforcement action in Ukraine's increasingly assertive maritime sanctions regime targeting foreign-flagged ships trading with the annexed peninsula. The ...
Alarming rates of suicides at sea A new 29-page report from the World Maritime University has some shocking statistics on one of shipping's darkest topics - suicides at sea. The report, penned by two professors, Raphaël Baumler and María Carrera-Arce, looks at both merchant shipping and the fishing industry, highlighting how seafarers have significantly higher suicide rates than other occupations. Studies show suicide ...
The changing global shipbuilding map Say what you will about Donald Trump, but one bonus from his return to power in the US has been the sudden greater selection of shipyards that shipowners will be able to order from in the future. Trump's anti-China stance has driven a dramatic redrawing of the global shipbuilding map in a matter of months ...
July 2025 Review The global shipping industry was rocked by two deadly attacks in the Red Sea, with Yemen's Houthi rebels launching their first campaign against merchant shipping of the year, sinking two bulk carriers, killing at least four seafarers, wounding others, and kidnapping crew. A new Houthi policy of targeting any company that has called in Israel ...
Tanker owners wait to see what Donald does next After the Trump administration entered the Israel-Iran conflict on Israel's side in June, in July it has switched sides in the Ukraine war by announcing that Russia has 50 days to enter meaningful peace talks and that the US will arm Ukraine with weapons paid for by Europe. Moreover, if Russia does not play ball, ...
Good vibrations for dry bulk Chinese economic growth for Q2 was reported to be at 5.2%, slower than 5.4% in Q1 but ahead of the consensus estimate of 5.1%. Limited tariff effects in the quarter assisted the economy in exceeding the government's 5.0% target. Domestic retail sales grew by 4.8% in June, down from 6.4% in May, as consumer confidence ...
Containers: God only knows During the Trump tariff pause, the Pacific liner trade enjoyed a spike in shipments and freight rates. However, the rapid-fire policy changes have caused all kinds of distortions to the box shipping markets. Containerised imports to the US reached 13.88m teu in H1 2025, a 4% year-on-year rise. However, imports from China fell 3.7% to ...
Analyst Abstract Tankers Argentina is poised to become a far more prominent fixture on the global crude oil shipping landscape, with soaring shale output and major infrastructure investments unlocking new export opportunities and driving increased demand for mid- and large-size tankers. At the heart of this transformation is the country's prolific Vaca Muerta shale formation, whose production ...
Greeks sniff an opportunity as secondhand prices decline There's something amiss in the secondhand markets, something that rarely happens - a convergence of rising freight rates and declining secondhand values over the past year especially in the dry bulk sector. Bulker sale and purchase transactions have fallen once again, down by 34% year-on-year from 68 in July 2024 to 45 in July 2025, ...
The rise of floating data centres The massive rise in global demand for data processing and storage, along with many challenges in traditional land-based infrastructure, has led the market to look for unconventional ways to solve these issues. Enter floating data centres. The major advantage of these kinds of facilities is flexibility, since any port with grid and fibre-optics access can ...
Welcome to the future of self-optimising ships AI will transform tomorrow's systems to provide self-optimising ships under human supervision, reckons the head of OneLink Performance, a solution that unites a number of performance platforms within one, providing a set of digital services and solutions to the shipping industry. AI is set to be the biggest transformative shift for maritime with tomorrow's systems ...
Product tanker rates hold firm as geopolitical uncertainty remains high Product tanker owners are having a better summer than their crude tanker counterparts. Fundamentals are solid but broader strategic changes...
Iraq flags illegal tanker loadings amid US pressure on Iran links Tankers are accused of engaging in high-risk activities, potentially involving illegal practices like tampering with tracking systems or unauthorised transfers
Diana posts profit after average charter rate increases Result flips loss in second quarter last year
Cyclones affect Rio Tinto ore production Shipments from the miner's sites in Pilbara, Australia, will be at the lower end of its guidance due to cyclones...
Strait of Hormuz closure may trigger BIMCO force majeure clause But beware of unintended consequences, including counterparty claiming repudiation, WFW warns
Softer dry bulk market squeezes Safe Bulkers profit US-listed owner also sees scrubber-related earnings decrease
Is it time to stop calling bauxite a minor bulk? Bauxite is lumped together with several other so-called minor bulks, but the mineral's impact on the capesize sector has been...
Chinese players weigh sanctions risks and shadowy rewards Industry experts at a recent Lloyd's List Intelligence seminar in Shanghai discussed how the rapidly evolving sanctions regime will impact...
Carriers buy bulk of secondhand boxships in first half of year French liner operator CMA CGM is said to have purchased a pair of 1,300 teu boxships from Singapore-based owners in...
The Daily View: Hostages to fortune
Cosco Shipping launches $1.2bn fleet expansion with 15 new vessels The move underscores the company's aggressive growth strategy with aims to boost its shipping capacity
Daily Briefing Greek bulker majors continue to avoid Red Sea as Houthis parade hostages | Fake flag investigation prompts IMO data review...
Congress eyes a tax credit for reshoring port crane manufacturing The legislation aims to incentivize a domestic crane industry and move US ports away from China's dominant manufacturer.
Tariff volatility puts smaller US importers in planning limbo Higher costs and shifting deadlines are making business difficult for small cargo owners and those shipping low-value goods.
Tariff-linked trade flow shift tightens Asian air freight capacity While not yet reflected in freight rates, analysts and forwarders report growing space constraints out of Southeast Asian origins.
MPV shippers adopt 'strategic inaction' operating model to counter instability Cargo movers are holding back on executing breakbulk and project cargo shipments as much as possible until there is a clearer picture of costs in the current unsettled market.
Code generation tools altering efficiency, capacity for logistics technology providers A wave of AI-based tools for software developers is likely to raise shipper expectations around the effectiveness and cost of logistics software applications.
Teekay Tankers posts widely-expected profit dip as fleet renewal efforts continue Market dips in third quarter so far but seasonal upswing expected
Performance Shipping looks to vessel purchases after Nordic bond play New York-listed shipowner reports dip in second quarter earnings
'Prepare for black swans': Scorpio Tankers will spend summer counting its cash As another quarter passes with no stock buybacks, analysts are asking questions
Trump hits India with Russia 'penalty' on top of 25% tariff Ardmore says product tanker market will benefit from additional trade flow shifts
New Diana Shipping stake in Genco bought as a 'strategic investment' Greek owner strikes friendly tone in first public comments after taking slice of Genco
Fire halts all work at HD Hyundai Samho shipyard But incident coincides with start of shipbuilder's vacation and group company is on hand for replacement parts
Shipbuilder Seatrium to pay $188m to free itself from 'Operation Car Wash' scandal Company inks leniency agreements with Brazil and deferred prosecution with Singapore
CMA CGM pushing plan to order ships in US as Rodolphe Saade surfs the political divide Talks are being held with stakeholders to ensure right conditions are met, top executive says
Ardmore Shipping snaps up trio of tankers in busy quarter Irish owner sees tanker rates improve amid buys and charter deals
CMA CGM buys into Finnish methane splitting cleantech firm Hycamite set to open first plant in Finland this year
Is this the anti-GPS spoofing solution shipping needs? Huge increase in GPS interference is leading to concerns over safe navigation
Moundreas repeats victory over insurers in appeal of $37.5m capesize case Second consecutive English court dismisses arguments by Allianz, Axa and Generali, which sought to avoid payout
Rio Tinto books record bauxite production and expects iron ore to meet estimates Mining giant's profit dipped in the first half
Scorpio Tankers strikes 12-year bareboat MR deal for US military programme Product tanker giant batters earnings bets in second quarter, guides to mixed current rates
A 'broker' without the bad habits: How Peter Shaerf survived 50 years in shipping From London to New York to Stamford, the broker-turned-banker has put the 'ship' in relationships
Shipowners assessing timing of LNG newbuilding orders amid complex market conditions, GTT says 'Very strong tailwinds' are supporting the industry, but headwinds remain
Raft of new chemical tanker deliveries not enough to prompt recycling push Shipbreakers will have to wait for rates to really come off
Excelerate Energy ups full-year guidance after closure of Jamaica assets buy CEO calls acquisition a 'significant milestone' in company's strategic vision
Trump's drive to revive US shipbuilding will have to outlast his presidency And it will take more than a pile of government money
Shipowners assessing timing of LNG newbuildings orders amid complex market conditions, GTT says Company sees 'very strong tailwinds' supporting industry while headwinds remain
Tanker market metrics point up as financial reporting season kicks off Seaborne crude exports are rising and demand trends are heading in the right direction
Equinor charters MOL's first LNG dual-fuelled VLCC newbuilding Four of the Japanese owner's new VLCCs are believed to be charter-free
Cosco Shipping strikes deals worth $850m for series of bulker and tanker newbuildings Chinese giant has booked 10 newcastlemax bulkers and four asphalt carriers
Shipping avoids worst impact of devastating Pacific earthquake Major quake and accompanying tsunamis are affecting the Pacific region
Pan Ocean product tanker sales spotlight plunge in vessel values South Korean shipowner is weeding out older tonnage ahead of taking delivery of a raft of newbuildings
Nisshin Shipping cashes in on bulker pair in buoyant S&P market Sale-and-purchase bulker activity remains brisk despite declining values
Nisshin Shipping nets $17.2m apiece for handy bulker pair in buoyant S&P market Sales and purchase activities for bulkers remain brisk despite declining values
Tsunami warnings issued across the Pacific after massive earthquake rocks region Multiple warnings issued for countries across the Pacific after 8.8 magnitude quake strikes
Pan Ocean product tanker sales highlight drastic decline in vessel values for sector South Korean shipowner is weeding out older tonnage ahead of taking delivery of a raft of newbuildings
Trump revokes de minimis privilege for global e-commerce imports The Trump administration is wiping out duty-free treatment for low-cost imports shipped by e-commerce retailers direct to consumers as it ratchets up tariffs on countries around the world.
CMA CGM revenue, earnings decline on China tariff fight CMA CGM, the world's third-largest ocean container carrier, said profits fell in the second quarter as trade disputes hit U.S. imports from China.
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