U.S. and China to suspend tit-for-tat port fees The general ratcheting down of trade war tensions between the U.S. and China following what President Trump called a "truly great meeting" with President Xi of China will see the U.S. suspend
Kongsberg to spin off Kongsberg Maritime The board of Norway's Kongsberg Gruppen ASA today proposed to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange, while consolidating Kongsberg Defence & Aerospace and Kongsberg Discovery into a
FedEx Dataworks, ServiceNow partner to build AI-Powered supply chains FedEx Dataworks and ServiceNow announced a new strategic collaboration to build AI-native, data-driven supply chain solutions. The partnership combines FedEx Dataworks' global logistics intelligence with the ServiceNow AI platform to anticipate disruptions, optimize networks, and turn supply chain complexity into competitive advantage. FedEx Dataworks will integrate its data with ServiceNow's pro
Panama Canal and FIU sign cooperation agreement The Panama Canal and Florida International University (FIU) signed a Memorandum of Understanding to deepen cooperation in trade, logistics, sustainability, water management, and public policy. A delegation from FIU toured the Miraflores Locks to see Canal operations firsthand. The signing ceremony took place at the Panama Canal Administration Building. Minister for Canal Affairs Jose Ramón Icaza
DP World will deploy MagRail technology at Deendayal Port DP World has signed an Agreement with Deendayal Port Authority and Nevomo to deploy a first-of-its-kind magnetic propulsion solution that enables self-propelled rail movement of bulk cargo and containers at Deendayal Port. DP World will leverage the European deep-tech company Nevomo's proprietary MagRail Booster technology to demonstrate its use in a live Indian port environment. The initiative m
KONGSBERG reports strong Q3 2025 growth KONGSBERG delivered strong results in Q3 2025, posting 12% revenue growth versus the same period last year. Defence activity, especially missile and air-defence deliveries, drove a 38% revenue increase in Kongsberg Defence & Aerospace. Order intake remained solid across all business areas, with a book-to-bill above 1.0 in the quarter. Key wins included weapon station contracts, vessel systems for
CMA CGM anchors Middle East ambitions in Jeddah CMA CGM doubles down on Saudi Arabia, in Jeddah port amid Red Sea turbulence and IMEC infrastructure race
Global bunker prices rise, show signs of cooling At the close of Week 44, global bunker indices by MABUX demonstrated an overall upward trend. However, by the end of the week, early signs of a downward correction began to emerge. The 380 HSFO index increased by US$11.07, rising to US$446.15/MT, once again approaching the US$450 threshold. The VLSFO index added US$9.27, reaching US$512.46/MT. The MGO index also strengthened by US$29.05, climbing
Rijeka Gateway officially opens, marking a new era for Croatia's trade Under the cranes of the new Rijeka Gateway, the region's most modern and sustainable container terminal officially opened. More than 300 guests, including government officials, business leaders, and media representatives, attended the event. Among them were Prime Minister Andrej Plenkovic, APM Terminals CEO Keith Svendsen, and ENNA Group President Bostjan Napast, who jointly marked the opening
Saudi Arabia pivots to logistics as kingdom reshapes investment strategy Riyadh shifts from real estate megaprojects to maritime infrastructure amid Red Sea disruptions and pressure for near-term returns
CMA CGM and RSGT plan Terminal 4 Development at Jeddah Port Red Sea Gateway Terminal (RSGT) and CMA CGM Group signed a Term Sheet at FII9 in Riyadh to create a joint venture for Terminal 4 (T4) at Jeddah Islamic Port. The partners plan to invest SAR 1.7 billion (US$450 million) to build and operate a 2.6 million TEU terminal. The project will be structured as a sub-concession under RSGT's existing agreement with the Saudi Ports Authority (Mawani). The new
Port of Venice launches vehicle service to China The Port of Venice strengthens its role as a key logistics hub. It connects Central and Eastern Europe with Far East markets. Today, a new service began, linking Volkswagen's Bratislava plant in Slovakia with Chinese ports. Vehicles leave the Bratislava plant by train to Tencara Terminal at Porto Marghera. There, they are staged on new yards and loaded onto ships operated by Glovis and Cosco. The
SANY delivers first batch of straddle carriers to Algerian customers SANY Marine has successfully delivered the first batch of its advanced straddle carriers to customers in Algeria, marking a milestone in strengthening container handling capabilities at Algerian ports. The SANY straddle carriers offer several key advantages: 370 kW high-power engine for superior performance Convenient control system for ease of operation Enhanced safety features with multiple pro
Goltens Dubai launches near-zero-emission exploration vessel Captain Arctic Goltens Dubai celebrated the launch of Captain Arctic, a near-zero-emission exploration vessel. The launch followed the successful completion of hull fabrication. The vessel was built for SELAR by Chantier Naval de l'Ocean Indien (CNOI) in Port Louis, with Goltens providing engineering and fabrication support. The project reflects international collaboration and a focus on decarbonization. Captai
COSCO SHIPPING Ports reports Q3 2025 results COSCO SHIPPING Ports Limited, a global leader in port logistics services, has released its results for the third quarter and first nine months of 2025, highlighting steady growth across key metrics. Q3 2025 Highlights Total throughput rose 4.2% year-on-year (YoY) to 38.98 million TEU. Equity throughput increased 1.6% YoY to 11.92 million TEU. Revenue climbed 7.4% YoY to US$428.7 million. Profit a
Shipping lines push for GRI amid Trump-Xi meeting Liner operators are pushing ahead with a 1 November transpacific general rate increase, hopeful of a resolution to US-China trade tensions with US President Donald Trump's meeting with his Chinese counterpart Xi Jinping today (30 October). The Trump-Xi meeting lasted 100 minutes in Busan, South Korea, with China pledging to invest more in the US and lifting controls on rare earth exports. China h
ABP invests in port of Troon for a ferry service to Isle of Arran Associated British Ports has completed a £200,000 upgrade to the East Pier Linkspan at the Port of Troon, ensuring continued support for a reliable lifeline ferry service to the Isle of Arran. The investment, 100% funded by ABP at no cost to the Scottish taxpayer, focused on refurbishment of the linkspan's main hydraulic lifting cylinders critical infrastructure that enables vehicles and passenge
Alabama Port Authority and APM Terminals advance plans for new berth The Alabama Port Authority and APM Terminals Mobile announced an agreement to proceed with construction of a new, 1,300-foot container berth at the Port of Mobile. This US$131 million project, funded by federal appropriations to the Port Authority and enhanced by private investments from APM Terminals marks the next major investment in Mobile container terminal growth and will expand berth capaci
Port of Gothenburg heading toward record year The Port of Gothenburg continues strengthening its position as the Nordic region's leading freight hub as during the first three quarters of 2025, container volumes rose by 4%, reaching record levels both at the quayside and on the rail network. RoRo traffic is also showing renewed growth after a slower period, while car and energy volumes have declined. This is the Port of Gothenburg's summary o
Damen delivers ASD Tug 2111 Argo to WUZ Port Damen Shipyards Group delivered an ASD Tug 2111, named Argo, to WUZ Port and Maritime Services in Rotterdam. This is the eighth Damen tug in WUZ's fleet. WUZ is expanding its fleet to support the development of the Port of Gdansk. The company now operates 18 vessels and various Damen tug models, making it Poland's largest towage company. Wladyslaw Labuda, Technical Manager at WUZ Port and Maritim
CMA CGM reshapes MEDEX service CMA CGM has announced a major reshuffle of its MEDEX service, introducing a new relay via Alexandria and Beirut to further enhance connectivity between the Mediterranean, Indian Subcontinent, Middle East Gulf, and Red Sea regions. The updated setup is designed to provide faster transit times and improved service coverage in both directions, leveraging Alexandria and Beirut as key regional hubs. K
Port Houston completes its portion of Project 11 dredging Port Houston, working in partnership with the US Army Corps of Engineers, has completed its portion of the Houston Ship Channel Expansion Project 11, a historic milestone in the future safety, efficiency, and competitiveness of the busiest waterway in the United States. Construction of channel improvements began in 2022, and now the project has reached its most important milestone: dredging compl
ABS approves SHI wireless fire & gas detection design ABS granted Approval in Principle (AIP) to Samsung Heavy Industries (SHI) for its innovative wireless fire and gas detection system. The system enhances safety in maritime operations. Traditional detection systems transmit signals via power cables to a control panel. SHI's design uses the vessel's metal structure to carry low-voltage power. Fire and gas signals are converted into magnetic waves a
CMA CGM postpones implementation of Low Water Surcharge for Manaus CMA CGM has announced a postponement of the Low Water Surcharge (LWS) on shipments between the Far East and Manaus, following updated monitoring results showing that Amazon River levels are decreasing more slowly than initially expected. The surcharge, aimed at offsetting the impact of reduced navigability on operational costs, will now take effect on November 15, 2025, under the following condit
SC Ports CEO Mallace details growth plan South Carolina Ports President and CEO Micah Mallace detailed his pledge for aggressive growth to a room of 1,100 port customers and stakeholders during his first State of the Port address. Mallace thanked his predecessors and elected leaders for laying the groundwork to allow the Port to shift momentum away from long-cycle infrastructure toward strengthening its cargo base and prioritizing oppor
DeepOcean wins Western Australia decommissioning job Offshore services provider DeepOcean has secured a contract to support the decommissioning of subsea infrastructure at oil and gas fields off Western Australia, marking another key project for the company in the region. The scope includes the suspension of subsea trees, removal of flowlines, risers, and dynamic umbilicals, and the disconnection and removal of a ...
Dong Fang and GO Offshore join forces on wind and oil projects Taiwanese offshore vessel operator Dong Fang Offshore (DFO) has teamed up with GO Offshore of Australia to cooperate on offshore wind and offshore oil and gas vessel projects. The two companies have signed a memorandum of understanding that sets a framework for collaboration across three key areas - vessel deployment, technical exchange, and joint project ...
India nets $7bn in fresh investment from DP World and Maersk India's ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime Week 2025, underscore India's growing pull for foreign port operators as ...
SeaTrek joins forces with Legasea to expand dry bulk business Singapore-based dry bulk operator SeaTrek has entered a strategic partnership with Legasea, a fellow freight player backed by a private investment fund, to strengthen their position in the global dry bulk market. The tie-up brings together SeaTrek's market experience and network with Legasea's freight platform, creating a combined operation aimed at tackling volatile market conditions ...
Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China's Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is scheduled for late 2026. The order adds to Capital ...
Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027-2028. The deal, valued at $150m for the firm pair and up to $225m if ...
Indian PM officially launches Bharat Container Line India has officially announced its first national container shipping line - Bharat Container Shipping Line (BCSL) - marking a major step in the country's plan to reduce dependence on foreign carriers and boost control over its seaborne trade. Prime Minister Narendra Modi announced the creation of BCSL at the Global Maritime CEO Forum during India ...
International Seaways parts ways with two ice-class MRs Lois Zabrocky's International Seaways is once again trimming its fleet. The US-listed owner has resumed its fire sale of selling veteran units after a few months of limited activity. The latest move sees the company part ways with a pair of ice-class 1A MR tankers, Seaways Gatun and Seaways Huron, both 48,000 dwt sisters built at ...
New U-Ming-Purus JV to add two hybrid CSOVs as Taiwan ramps up wind push Taiwan's U-Ming Marine Offshore and Singapore-headquartered offshore energy maritime services firm Purus have formed a new joint venture aimed at expanding offshore wind operations in Taiwan and the region. The new joint venture, named UPO Holdings, has ordered two VARD 419 CSOVs, each 88 m long and designed explicitly for operations off Taiwan. Deliveries of ...
Port fee showdown postponed as US and China return to talks China's stock market climbed to decade highs on Thursday as presidents Donald Trump and Xi Jinping met for the first time in six years - with one major outcome for shipping being the suspension of new port fees both countries had introduced earlier this month. The United States has postponed higher port charges on Chinese-built ...
Surging VLCCs enter 'pick a number' territory VLCCs roared well into six-digit territory yesterday, lending credence to projections by sister title Splash Extra that suggest 2025 is on track to be the best year for overall tanker earnings for a decade. The TD3C route from the Middle East to Asia leapt by $37,000 yesterday to $125,100 as shipowners capitalised on extremely tight ...
Lukoil exits foreign markets with sale of global arm to Gunvor as sanctions bite One of Russia's two biggest oil producers Lukoil has received an offer from Swiss-based commodity trading giant Gunvor for all of its international assets. The Russian firm said on Monday that due to "restrictive measures against the company and its subsidiaries by some states" it plans to sell its international assets owned by subsidiary Lukoil ...
Shipping tests the Red Sea again Shipping is still very cautious about a wholesale fleet pivot back to the Suez Canal, but ship trackers are keeping a firm eye on a couple of vessels tiptoeing back to a region that has been off limits for many thanks to the Houthis from Yemen campaign against merchant shipping in support of Palestinians in ...
Bahri makes offshore debut with pair of OSV orders Saudi Arabia's flagship carrier Bahri has decided to diversify its fleet and enter the offshore support segment with two new orders. The company said in its quarterly earnings release that it ordered two offshore supply vessels for SAR 18m ($4.8m). The shipyard was left undisclosed. However, the delivery of the vessels is set for the ...
Saudi Aramco calls back ADES jackup for 2026 start Saudi oil and gas driller ADES has received a resumption notice for one of its jackup rigs from Saudi Aramco. The company said that the 2019-built Admarine 510 received the notice and will be dispatched to Saudi Arabia. The contract is expected to begin in 2026. The length of the contract was not revealed. However, ...
'Tax Me' protest targets coal ship named Climate Justice in Newcastle A two-year-old kamsarmax belonging to Safe Bulkers became the centre of an environmental protest today at the world's largest coal exporting port. This morning in Newcastle, Australia, members of climate justice group Rising Tide painted on the Climate Justice ship the words 'Tax Me' to call on the federal government to introduce a 78% fossil ...
Maritime CEO Forum Monaco: Tanker bosses call for realism amid regulatory chaos If there was one word that dominated discussion at the tanker panel during this year's Maritime CEO Forum at the Monaco Yacht Club, it was uncertainty - from the IMO's fractured net-zero process to the unintended consequences of Western sanctions and the rise of the shadow fleet. Moderator Tim Wilkins, managing director of INTERTANKO, set ...
Shipping needs a stress test Few in global shipping matched Dr Helmut Sohmen's mix of intellect, caution, and commercial courage. As markets hum and new bubbles form, his advice to hoard cash and expect the unexpected feels freshly urgent, writes Andrew Craig-Bennett. Dr Helmut Sohmen has died, full of esteem and honours, having inherited an empire, expanded it, and passed ...
Crude tanker rally continues as VLCC spot rates skyrocket The crude tanker market has suffered many false starts over the past few years. This is not one of them...
Port fees a 'substantial shock' for Höegh Autoliners Car carrier Höegh Autoliners' chief executive Andreas Enger spoke of the chaos of US port fees. The company is standing...
Congratulations on that S&P deal. But what if it falls through? Court of Appeal ruling sets out buyers' rights under standard contract, argues Haynes Boone
Transatlantic project launches anti-spoofing navigation aid With GNSS interference thought to have increased by more than 300% in the past six months, a new tool claims...
India secures $5bn DP World investment Investment will support Modi's push to boost India's shipbuilding and maritime sectors
Shipbuilding top of mind as Modi underscores India's maritime ambitions Other improvements in port efficiencies under Maritime India Vision 2030 were highlighted during his address at India Maritime Week 2025
Norden delivers $26m profit on vessel sales While vessel sales might have delivered Norden's profit in the third quarter, chief executive Jan Rindbo is still fairly confident...
Rijeka Gateway growth will depend on rail upgrades The shiny new site in Croatia has plenty of potential to become a true gateway into Southeast and Central Europe...
US, South Korea reach $350bn investment deal with shipbuilding focus Trump has approved the construction of a nuclear-powered submarine for South Korea, stating that it will be built at Hanwha...
The Daily View: Shipping's green reset
US and China pause port levies for one year after Trump-Xi meeting in Busan A moment of restraint in US-China trade tensions saw both sides freeze port levies and trim tariffs following a leaders'...
Daily Briefing Tonnage tsunami: can ports withstand the ULC surge? | Shipmanager must pay legal costs after losing charterparty identity dispute with...
Top LTL carriers maintain profit while planning paths to freight recovery ODFL, XPO and Saia reported annualized declines in third-quarter shipments, but are positioning themselves for a stronger freight market in 2026.
CPKC slams UP, NS on Meridian congestion, merger plans Recent tensions involved CPKC's opposition to the UP-NS merger, but the battle has morphed into a larger disagreement about poor service on a 300-mile stretch of track in Louisiana and Mississippi known as the Meridian Speedway.
Cosco cites falling freight rates, tariff woes for 56% drop in Q3 net profits China-based Cosco's latest earnings came as Beijing and Washington announced a one-year pause in their reciprocal port fees as part of a broader trade framework that included a reduction in US tariffs on Chinese imports.
US, China suspend reciprocal port fees as part of wider trade deal But there was no indication when the pause would take effect or what would happen to the port fees already paid by ship operators in the two weeks since the US and China imposed the reciprocal levies on Oct. 14.
Rising MSI belies heightened uncertainty in multipurpose vessel sector While some carriers reported a positive outlook for freight stemming from power generation and mining projects, others noted that demand for offshore wind has been dented by regulatory upheaval.
CMA CGM alliance megaships test Red Sea waters on return to Asia While most of the carrier's vessels continue to be diverted around southern Africa, the backhaul rerouting of two Ocean Alliance vessels through the Suez suggests security concerns may be diminishing.
LNG supply set to grow by 7% annually through to 2030, Cheniere Energy says US producer on track to produce over 50 mtpa from next year
Altera Infrastructure chief executive Igvild Saether dies at 57 Former Teekay executive had bene ill since 2023
Major shipowners' group welcomes port fee suspension as treasury secretary confirms pause Bessent ties US fees to declining shipyard orders in China
Norden CEO: We are already receiving freight enquiries for US soybeans going to China Jan Rindbo thinks IMO vote was a 'missed opportunity' for shipping to become the first industry to set global carbon targets
Scorpio in 'no rush' to spend cash pile, says Robert Bugbee Tanker owner's balance sheet is expected to hold more cash than debt by the end of this quarter
Oil majors launch inspection campaign over tanker security OCIMF wants to ensure ship 'hardening' is effective amid heightened geopolitical tensions
Thanassis Laskaridis breaks into VLCC market with newbuilding pair Hengli Shipbuilding has ratcheted up close to $2.9bn-worth of Greek orders in two years
Evangelos Marinakis-backed Capital Clean Energy bags long-term charter for LNG carrier newbuilding Unidentified 'energy major' will employ a large gas carrier for up to 10 years through to 2038
Ammonia fuel advocate Hoegh Autoliners opens up on options Car carrier giant supportive of IMO measures shot down this month
Evangelos Marinakis-backed CCEC bags long-term charter for LNG carrier newbuilding Unidentified 'energy major' will employ a large gas carrier for up to 10 years through to 2038
Shadow fleet tankers will miss out on rate boom if sanctions are scrapped, brokers say Two-tier market likely if Russian-Ukraine solution is found
VLCC rates enter 'pick a number' territory as Embiricos scoops $167,000 per day deal Analysts say there is hope that spikes are not just a one-off
Volkswagen Group said to be mulling sale of ship engine maker Porsche and Swedish equity giant EQT rumoured to be interested in carve-out
Fragile US-China port fee truce leaves everything 'up in the air', expert warns One-year suspension may bring predictability but not lasting stability, says analyst
Banning Russian LNG would be difficult, Japan tells Trump New Prime Minister Sanae Takaichi warns that China may step in at Sakhalin-2 if Japanese interests pull out
Sanctions-hit Lukoil agrees overseas asset sales Oil producer says it has agreed a deal to sell its assets to Geneva-based commodities trader Gunvor
Clasen Rickmers-led Asian Spirit doubles down on bulkers as it offloads boxships German owner acquires second handysize after pocketing $40m-plus from sale of feeder brace
European demand for LNG imports forecast to drop 20% by 2030 Russian volumes hit record high in first half of 2025
Damen Shipyards adds record number of newbuildings as orderbook hits $12bn Netherlands' biggest shipbuilder says 2024 was a 'positive year'
Scorpio Tankers nears 'net-debt zero' goal as it hikes dividend Product tanker giant turns in modest earnings beat as it continues to build fortress balance sheet
Radioactive zinc dust-carrying ship in limbo after unloading blocked Vessel cannot discharge because there is no disposal agreement
Trafigura commits to shipping up to $200m of crude from Ecuador Producer Gran Tierra says trading giant has agreed pre-payment for Oriente barrels
Tallink switches Baltic Sea ferry to bio-LNG Biogas sourced from Estonia's Elenger
Norden third-quarter profit rises following serial sales Shipowner's asset-light unit is still making an operating loss
Hoegh Autoliner shares nosedive after dividend miss Car carrier owner sees performance in fourth quarter below third quarter
Hoegh Autoliners rushes to 'optimise' US trading ahead of possibly suspended port fee scheme News broke of potential 'ceasefire' broke during owner's earnings call
Fresh piracy attack fears in Gulf of Guinea amid start of dry season Active group uses speedboat to identify target ships off West Africa
Port fee pause: US and China declare one-year truce to maritime trade war measures Washington and Beijing suspend tit-for-tat action targeting each other's maritime interests
Frontline and Wallenius Wilhelmsen among ships trialling tech aimed at fighting vessel-jamming and spoofing Solution helps crews determine their vessel's position during attacks
'Well-known' European shipowner joins VLCC ordering bandwagon at Hengli Three container ships also ordered by domestic owner at the busy yard
Vitol and India's IOC plan oil trading tie-up amid sanctions-driven import turmoil Source says state refiner wants to use trader's network and expertise to boost international reach
Pareto Bank's shipping loan book falls on weak demand and fierce competition Lender sees improvement in investor interest and deal flow
DP World to pump $5bn into Indian shipping and shipyard sector Investments cover green container ship operations, upgrades and training
US and China declare one-year truce to maritime trade war measures Washington and Beijing suspend tit-for-tat action targeting each other's maritime interests
Bulker operators SeaTrek and Legasea team up to 'consolidate' market presence Singapore companies want to accelerate freight expansion through cooperation
Kongsberg targets spin-off and Oslo listing of maritime business Kongsberg Maritime to be listed in second quarter next year
Cosco Shipping Energy Transportation transfers VLGC to portfolio for $84.2m Shipping behemoth paid a 5.5% premium
China sees turning point for shipbuilding amid US dispute and new five-year plan Analyst says US trade friction may speed up industry's green, smart upgrade
Fire-hit Wan Hai ship still left with two-thirds of damaged containers to clear Taiwanese carrier line details factors causing the slowdown
Teekay Tankers logs better-than-predicted earnings and reveals rising fourth-quarter rates Profits from vessel sales keep bottom-line earnings in growth territory
DHT profit growth comes in a notch over expectations as fourth-quarter bookings show strength VLCC specialist points to brighter earnings ahead
Air China Cargo to order six A350 freighters from Airbus Air China Cargo will be the first mainland Chinese carrier to order the all-new Airbus A350 freighter.
U.S.-China port fees to be suspended amid trade talks The United States and China have suspended their respective port fees on each other's ships amid progress on a new trade agreement.
Neoline's sail-powered ship makes U.S. debut The Port of Baltimore welcomed the Neoliner Origin, the world's first wind-powered, industrial-scale cargo ship to arrive in the United States.
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