VIDEO: Inkfish and Vard sign EUR 700M research vessel contract Fincantieri reports that its Norwegian subsidiary Vard has signed a new contract with U.S.-based research organization Inkfish. Worth nearly EUR 700 million, it covers the design and construction of a groundbreaking deep-sea
Port NOLA, NOPB adopt AI cargo technology The Port of New Orleans (Port NOLA) and the New Orleans Public Belt Railroad (NOPB) are partnering with newly launched logistics company UTC Transoceanic to bring advanced artificial intelligence (AI) and digital
Eight stowaways removed from barge entering San Juan Harbor A Coast Guard Station San Juan boat crew and Homeland Security Task Force San Juan Region partner agencies apprehended eight stowaways in San Juan Harbor, Puerto Rico, May 22, 2026. The stowaways
Master Boat Builders launches second of eight tugs built for Maritime Partners Master Boat Builders Inc., Coden, Ala., recently announced the successful launch of Titan, the second of eight tugboats being built for Maritime Partners LLC. The launch represents another key milestone in the companies' ongoing
Yiulian Dockyard expands repair capabilities Yiulian Dockyard Hong Kong in China has completed a facility upgrade and workforce expansion while adopting a new digital pipe fabrication process in cooperation with Irwin Ltd., aimed at reducing repair timelines
IMO honors Eleni Polychronopoulou for empowering women in maritime Eleni Polychronopoulou, president of ERMA Tech Group, was recently recognized by the International Maritime Organization (IMO) for her contribution to advancing gender equality in the global maritime sector, receiving a Letter of
Verret Marine acquires SailPlan for predictive maintenance Verret Marine announced it has acquired the technology and assets of SailPlan, a maritime monitoring platform originally developed for cruise, naval, and commercial fleet applications. Terms of the transaction were not disclosed.
US ports face US$6.7bn investment gap The National Association of Waterfront Employers (NAWE) has warned that US ports face a major investment challenge over the coming years, with newly released survey findings showing billions of dollars will be required to maintain competitiveness, modernize operations and strengthen supply chain resilience. The survey, based on input from 25 senior port and terminal executives, highlighted signif
Sea-Intelligence: Global Schedule Reliability for April 2026 the Highest of the Year Sea-Intelligence has published issue 177 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including April 2026. Source: Sea-Intelligence.com, GLP Report, issue 177 In April 2026, global industry schedule reliability increased by 0.4 percentage points M/M to 62.4%, making this the highest figure for 2026 so far. On a Y/Y level, schedule reliability was hig
ABS launches industry-first nuclear-ready notation for marine and offshore assets ABS has introduced the Nuclear-Ready Notation, becoming the first classification society to launch a dedicated framework supporting future nuclear conversion for marine and offshore assets. The notation is included in ABS' new Guide for Nuclear Ready Applications for Marine and Offshore . ABS said the framework allows owners, designers and shipbuilders to incorporate future nuclear conversion con
South Korea's intra-Asia container trade falls 5% in April South Korea's container trade with eight major Asian economies fell 5% year-on-year in April, marking the third consecutive month of decline. According to statistics compiled by the Korea Customs Service (KCS) and reported by local media, total trade volumes reached 343,100 TEUs in April, down from 362,200 TEUs a year earlier. Exports declined 7% year-on-year to 166,500 TEUs, extending a three-mo
Evergreen and T.S. Lines agree slot swap on Asia-Japan services Evergreen Marine Corporation and T.S. Lines have entered into a new slot swap agreement covering their respective JPI and JHTN services connecting China, Taiwan and Japan. The agreement involves one-way slot exchange arrangements on both services, allowing each carrier to expand network coverage without deploying additional vessels. Under the arrangement, T.S. Lines will obtain slots on Evergreen
Medkon plans Far East-Mediterranean service launch Medkon Lines is set to launch a new Far East-Mediterranean connection next month with the introduction of its BTN service. According to current schedules, the carrier has so far planned a single sailing using a vessel with a capacity of 1,100 TEU. The service rotation is scheduled to connect Shanghai and Ningbo in China with Turkish ports including Istanbul (Ambarli) and Izmit (Gebze). The new se
Ocean Alliance revises CBX service The Chesapeake Bay Express (CBX), operated by CMA CGM on behalf of the Ocean Alliance, is set for another round of changes just weeks after its last revision. The Ocean Alliance also includes CoscoSL, OOCL and Evergreen, according to DynaLiners. The latest amendments will see Port Kelang reinstated and New York added to the rotation. Jacksonville and Kobe, both of which were only introduced in th
Explainer:The strategic fleet doctrine Australia's commissioning of the ANL Kokoda as the first vessel in its national strategic fleet is more than a policy milestone it signals a broader global recalibration of how states think about commercial shipping in an era of geopolitical fracture. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first on Container News .
Hapag-Lloyd adds PSS from Far East to Latin America and Caribbean Hapag-Lloyd is set to apply a peak season surcharge (PSS) on cargo moving from the Far East to the West Coast and East Coast of South America, Mexico, Central America and the Caribbean, effective June 15, 2026, until further notice. For Puerto Rico and the US Virgin Islands, the surcharge will take effect from June 29, 2026. The charge applies to all container types, including 20-foot and 40-foot
SAAM completes Intertug acquisition to strengthen Americas towage network SAAM has completed the acquisition of the remaining 30% stake in Intertug's operations in Colombia and Mexico, securing full ownership of the subsidiaries. The transaction, valued at US$30.5 million, gives SAAM complete control of Intertug's businesses in both countries. "This is a key step in our growth strategy for 2030," said SAAM CEO Hernán Gómez. He added that the acquisition strengthens the
CMA CGM raises Asia-Mediterranean FAK rates from mid-June CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to the Mediterranean and North Africa, effective from 15 to 31 June 2026. The revised rates apply to cargo moving from all Asian main ports to Mediterranean destinations, including West Mediterranean, Adriatic, East Mediterranean, Black Sea ports and Algeria. The carrier announced the following rates: Destination 20' Container 40'
Sea-Intelligence: Q1 EBIT drops to USD 1.35bn in 2026 Sea-Intelligence's analysis of the financial and volume performance of the shipping lines in Issue 766 of the Sea-Intelligence Sunday Spotlight shows that 2026-Q1 presents a challenging financial landscape. Across the shipping lines that have so far reported on their financial figures (minus HMM who have not yet published their 2026-Q1 EBIT, OOCL who do not publish quarterly EBIT, and CMA CGM, wh
CLdN appoints former Hapag-Lloyd executive Cameron Bowie as Shipping COO CLdN has appointed Cameron Bowie as Chief Operating Officer of CLdN Shipping as the company continues expanding its short-sea shipping activities and European network. Bowie will join CLdN on 13 July from Hapag-Lloyd , where he currently serves as Managing Director UK & Ireland. He brings 36 years of experience in container shipping and maritime transport. CLdN said Bowie's experience will suppor
CMA CGM announces multiple PSS increases across Africa, Mediterranean and Maldives trades CMA CGM has announced several new Peak Season Surcharges (PSS) covering trades from China and Asia to Africa, the Mediterranean and the Maldives. The carrier introduced new PSS levels from China to West Africa effective 1 June 2026 for dry and reefer cargo under short-term contracts. For West Africa Central destinations, including Nigeria, Côte d'Ivoire, Benin, Ghana, Togo and Equatorial Guinea,
Greek merchant fleet expands in vessel numbers in March The number of vessels in the Greek merchant fleet increased in March 2026, while total gross tonnage declined compared to the same month last year, according to the latest data released by the Hellenic Statistical Authority ( ELSTAT ). The strength of the Greek merchant fleet, referring to vessels of 100 gross registered tons (GRT) and above, increased by 1.6% in March 2026 compared with March 20
NorthStandard reports stronger financial performance NorthStandard reported stronger financial results for the 2025/26 insurance year while expanding services to support shipowners facing growing geopolitical and operational risks. The marine insurer increased total premium income by 5.8% to US$938 million, compared with US$886 million in the previous year. Investment returns reached 9.5%, while free reserves rose by US$123 million to US$923 millio
Posidonia 2026 highlights shipping industry From insurance and risk management to energy transition, digitalisation and maritime security, the Posidonia 2026 conference programme highlights an industry actively reshaping itself in response to geopolitical disruption and structural change. Posidonia 2026 will open its gates on June 1, welcoming more than 40,000 maritime industry professionals from around the world to Athens for what is expe
Why Oman still holds the keys to Hormuz Trump's threat to 'blow up' Muscat has not diminished Oman's structural power over the Strait it has confirmed it. This content is locked Select a CN Premium Subscription Package To Unlock The Content! The post appeared first on Container News .
South Africa port authority moves ahead with LNG terminal development South Africa's Transnet National Ports Authority (TNPA) has signed a 25-year terminal operator agreement with Ukwanda LNG to develop an onshore LNG regasification facility at the Port of Ngqura. The project, valued at approximately ZAR 22bn ($1.35bn), will position Ngqura as a strategic energy hub while advancing South Africa's energy security and industrial growth. It ...
Equinor awards DeepOcean work across North Sea and Barents Sea fields Norwegian ocean services player DeepOcean has been awarded a significant subsea contract package by Equinor for multiple fields on the Norwegian continental shelf, with offshore work spanning 2027 and 2028. The contract package includes subsea work scope at the Visund field in the North Sea, the Johan Castberg field in the Barents Sea, and an ...
DEME wins installation contract for Japanese offshore wind farm Belgian marine contractor DEME has secured a contract for the Oga-Katagami-Akita offshore wind project. The contract, won through DEME's Japan Offshore Marine (JOM) joint venture and Penta-Ocean Construction, covers the engineering works and vessel charter for the offshore installation of 21 wind turbines under the contract between Oga Katagami Akita Offshore Green Energy and Penta-Ocean. ...
Splash Wrap: And so to Athens The Hormuz shipping crisis - now closing in on 100 days - showed little sign of coming to an end anytime soon. "Despite the imminence of an imminent ceasefire/MoU/peace deal/insert random unlikely term to represent progress here, the situation between the US and Iran is worsening, and the risk to shipping has not changed," Martin Kelly ...
Australia launches first strategic fleet vessel Australia has unveiled the first ship in its long-awaited national strategic fleet, with the federal government blaming contracting complications and the Middle East conflict for delays to the programme. The 1,740 teu containership ANL Kokoda, built in 2011, will become the first vessel in the government-backed emergency fleet designed to support Australia during national crises, ...
Hong Kong's Yiulian Dockyard reopens with unique laden vessel capability Hong Kong's Yiulian Dockyard has officially reopened following a major modernisation programme and workforce expansion, with management positioning the facility as one of the most operationally flexible repair yards in Asia thanks to a unique capability unavailable elsewhere in China. The Tsing Yi-based yard, operated by China Merchants Shipbuilding Industry, is the only dockyard in ...
Wah Kwong places LR2 tanker order at DSIC Hong Kong owner Wah Kwong Maritime Transport has placed an order for two 114,000 dwt LR2 tankers at China State Shipbuilding Corporation-affiliated Dalian Shipbuilding Industry Co (DSIC), with options for two additional vessels, as the company pushes ahead with fleet renewal and future-fuel readiness. The contracts were signed with China Shipbuilding Trading Co (CSTC), the ...
Splash's new shipmanagement magazine heads to Posidonia The editorial team at Splash have contacted shipmanagers from across the world to assess where this sector is heading in a new 52-page magazine heading to Posidonia. Third-party ship management is undergoing its most significant identity shift in decades. As regulatory complexity compounds, decarbonisation demands new expertise and digital systems reshape how ships are monitored ...
Hormuz crisis side effect: a sharp rise in container shipping rates Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective...
Families of Baltimore bridge dead agree terms with Dali interests Trial to determine liability goes ahead in US city on Monday
Seanergy doubles newbuilding programme as Q1 results surge Greek capesize operator contracts three more large bulkers from yards in China and Japan
Lest we forget the Liberty ships Was this - 80 years ago - the great step forward for Greek shipping?
Charterers favouring modern boxships amid elevated fuel prices Modern 1,700 teu vessels are achieving daily charter rates of around $25,000 for two-year charters
Steamship Mutual admits 'pressure on underwriting results' Club remains 'well placed' thanks to capital position, members told
Turkish cargoship hit by drone, injuring two crew The Vanuatu-flagged vessel was travelling to Odesa from Türkiye when it was struck by the drone late on Thursday
Bunker supply not an issue for 'foreseeable future' Despite early fears of widespread bunker shortages, supply has held steady, with industry leaders telling Lloyd's List that availability remains...
Peak Posidonia in store The 2026 incarnation of one of the shipping world's most popular events promises to be bigger and more buzzy than...
Middle East port update: Friday, May 29 In Jordan, all operations remain normal at Aqaba port. Terminals, marine services, cargo handling and gate operations are functioning without...
Ambition through pragmatism: Why shipping's decarbonisation push isn't dead yet The perfect framework may never arrive, but the transition shall proceed, forum told
Greek shipping: beacon of security in a sea of uncertainty Greek shipping has come through countless periods of geopolitical and economic upheaval, and its track record encourages optimism for the...
Greek ports still have a point to prove Despite improved services and strong financial results, stemming partly from privatisation of some of the leading hubs, there is still...
The Daily View: The art of not making a deal
Wah Kwong orders up to four LR2 tankers from Chinese shipbuilder Wah Kwong's tanker orders came as the world grapples with an unprecedented crisis in energy supply because of Iran's continued...
Ofac designates more Iran-linked firms and tankers in latest Economic Fury sanctions Entities were involved in facilitating shipments to Chinese teapot refineries. But it is unlikely to dampen their interest in Iranian...
Crude price spike from Hormuz crisis is approaching, warns ExxonMobil exec 'We're approaching unheard-of inventory levels. I mean really, really low inventory levels,' warns ExxonMobil's Neil Chapman. If inventories sink too...
Daily Briefing Cosco arranges vessel exit as Chinese ships stream out of Hormuz | Atlantic MR tankers lose all their Hormuz rate...
Seattle-Tacoma evolving toward hybrid landlord-operating port model After a difficult first quarter of declining container volumes, the Northwest Seaport Alliance wants to incorporate the best features of both landlord and operating ports to better meet the needs of its exporter and importer customers.
Canada readies ambitious legislation to reform supply chain The coming legislation is part of a larger effort by Prime Minister Mark Carney to double non-US exports within the decade and boost supply chain resilience by investing in ports and curbing freight disruptions.
Disrupted operations leave Germany's northern rail network in chaos Huge rail bottlenecks are being reported across the busy network, with carriers, forwarders and rail freight operators battling to keep cargo flowing as demand begins to build in an early start to peak season.
Hub Group COO, CFO leave company after $77 million accounting error Shareholder rights law firm Hagens Berman said it is continuing an investigation into whether the intermodal provider "misled investors about having prepared its financial statements consistent with relevant accounting rules."
STB accepts UP/NS paperwork, puts holds on merger decision The agency said there needs to be additional information submitted concerning the environmental impact of the merger.
Tanker slides into shipbreaking port just before US sanctions Ever Shining vessel sold for $4.96m in demolition deal
Cosco and Argentina's PTP commit to invest €116m in Spanish port Tarragona Port Authority approves deal to build new multipurpose terminal
US Navy warns shipping of 'dangerous military activities' planned for Strait of Hormuz Any ships aiding mine laying could be fired on, naval command says
Tug owner agrees to liability in Arkansas bridge strike Marquette Transportation Company Gulf-Inland strikes deal acknowledging negligence as cause of incident in exchange for liability cap
US culls scrapped tankers in spring cleaning of sanctions list 'Modernisation' of Treasury Department blacklist leads to deletion of 76 outdated entries
Tensions on Middle East maritime routes threaten global trade, Vietnam leader warns President To Lam links maritime security to supply-chain resilience
Dynagas weighs sanctions compliance options for its Russian-chartered LNG ships Change of manager and service providers under consideration
Pacific island registry disowns tanker attacked off Turkey Flag state says suezmax James II has not been on its books since 9 May
Green shipping is about economics, not branding, says Sea-Cargo boss Norwegian owner targets net-zero ahead of regulations
Cash-rich shipping companies 'built to weather storms', Clarksons says Analysts say Performance Shipping's bond is attractive
Families of dead workmen settle over Baltimore Bridge disaster Civil case set to go ahead on Monday as shipowner and operator seek to limit liabilities
'Wow. I want to build ships': BV shipping boss Alex Gregg-Smith opens up A naval architect who knows shipping from every angle, Briton sees himself in a unique position to help clients
For shipowners, political power defies strength in numbers When it comes to political clout in shipping, there is no straightforward strength in numbers
John Bassadone eyes newbuildings after raid on secondhand clean product tonnage Hercules-Peninsula boss has forged deals with Scorpio Tankers and Norden before valuations rose further
BW Group offloads wastewater solutions unit BW Water will join Italian group to 'unlock future growth'
Almost half of Himalaya Shipping's newcastlemaxes earning fixed rates in June Contracts for four vessels have been converted from index-linked rates
Kjell Inge Rokke bests Christen Sveaas in record-breaking Solstad Offshore battle Aker Capital head comes out victorious in third battle between Norwegian tycoons
New effort to build South Africa's first LNG terminal launched Onshore facility will feature a temporary floating unit
Vard scoops Norway's biggest ever order for $814m research ship Inkfish contracts 'groundbreaking' deepsea vessel
Seized Venezuelan-linked VLCC re-emerges after months in US custody Tanker was intercepted as part of campaign against Maduro regime
Greek fleet loses ground to China as it trades size for youth Greece is no longer the biggest shipowning nation - but there is a strategy behind it
Former Maersk boss Schueler buys into US 'biocrude' bunker venture Alder Renewables aims to produce lower-carbon fuels for shipping
Knutsen ups its LNG newbuilding stash at Hanwha Ocean to nine vessels ConocoPhillips added to long list of charterers for shipowner's on-order LNG vessels
Turkish bulker struck by Russian drone in Black Sea, claims Ukraine Attack follows string of strikes on vessels with Ukrainian and Russian links
Posidonia 2026 breaks records as shipping shrugs off Strait of Hormuz disruption More than 40,000 participants have already flocked to Athens and Piraeus for the world's biggest shipping rendezvous
Seacon Shipping scores high price for Chinese bulker resale Hong Kong-listed owner reveals deal with UK-based Khaled Jaohar
Middle East uncertainty fuelling offshore investment, says Seatrium Singapore group sees energy security concerns supporting project pipeline
Major US port offers $1m prize for first ship to bunker methanol Long Beach says initiative is aimed at jumpstarting the industry's energy transition
Pelagic Credit targets dividends as it sees strong project pipeline Owner plans quarterly distributions later this year
Swedish investor firm backs bulkers in portfolio shake-up BlueYield sees 'attractive value' in larger bulk carriers
A wave of feeder newbuildings is bound to hit Greek shores Greek shipowners are piling into smaller container ships - and the early converts are being proved right
VIDEO: Blaze hits product tanker off Bangladesh Coastguard says fire on ship began in its generator room
Swedish investor firm bets on bulkers as it rotates portfolio BlueYield sees 'attractive value' in larger bulk carriers
Three VLCCs among new blacklistings as US keeps up sanctions pressure on Iran Department of State details a series of Iranian loadings and transfer operations
A wave of feeder newbuildings is bound to hit Greek shores as small ships Greek shipowners are piling into smaller container ships - and the early converts are being proved right
Former Teekay Tankers boss joins BW LPG board Kevin Mackay brings 'strong strategic perspective' Sohmen-Pao says
Wah Kwong renews aframax crude carrier fleet with LR2 newbuildings Hong Kong owner orders up to four tankers at DSIC
Cosco Shipping Energy mulls LNG carrier order backed by Shell charter Chinese shipowner is in talks with Jiangnan Shipyard for four newbuildings
Qingdao Port seeks broad financing and share buyback powers Chinese port operator moves to expand capital-market flexibility amid uncertain trade outlook
Oakland exports lead imports in April The Port of Oakland, Calif., handled 184,492 twenty foot equivalent units (TEUs) in April, as cargo activity stabilized amid fewer vessel arrivals. April volume edged down 198,667 TEUs in March as vessel calls declined from 86 to 80. The port in a release credited throughput resilience in the face of evolving global shipping patterns. April imports of 91,805 TEUs were again outpaced by exports of
How rail mega-merger moved ahead, and STB avoided making history Union Pacific and Norfolk Southern got what they wanted, now federal rail regulators want what they have asked for. The Surface Transportation Board on Thursday avoided what would have been an historic first - a second rejection of a merger application - which more than likely would have raised serious questions about the viability of the deal to create the first transcontinental railroad. The ma
Carrier Nussbaum sets driver pay increase; others popping up more quietly It's likely there have been other driver pay increases implemented before Illinois-based Nussbaum Transportation announced one this week. But it does appear Nussbaum is the first one to talk about it so publicly. The announcement this week by Nussbaum brought back memories of when Schneider National (NYSE: SNDR) in September 2020 said it was increasing the pay of its drivers . At the time, it was
DHL outsources last-mile parcel delivery to US Postal Service for $10B The U.S. Postal Service has inked a multi-year contract valued at more than $10 billion to continue providing last-mile parcel delivery service for DHL eCommerce, which specializes in cross-border and domestic B2C shipping services for e-commerce merchants, the organizations announced Thursday. Injecting parcels downstream into the postal system near letter carrier routes is more efficient for pa
From Texas to Tennessee, manufacturers ramp up US production A fresh wave of manufacturing and supply chain investments is sweeping across the U.S. Over the past several weeks companies announced more than $3.6 billion in new projects ranging from automotive assembly lines and steel processing centers to dairy production plants and electric bicycle factories. The announcements underscore continued momentum in domestic manufacturing as companies seek to str
From regulatory shifts to on-site power: The new economics of heavy-duty EV infrastructure The presidential election was not kind to the commercial vehicle market. Then, the following rollback of federal regulations was unkinder. Despite the headwinds, many operators who paused their electrification plans are returning with renewed commitment. This is particularly in California, where regulatory pressure remains intact despite shifting federal policy. "Obviously the presidential electi
Torc Robotics and Mila team up on physical AI for autonomous trucks Torc Robotics announced Tuesday a new partnership with Mila - the Quebec Artificial Intelligence Institute - becoming the only autonomous trucking company to join the institute. Torc is a subsidiary of Daimler Truck AG and, as part of the partnership, will gain access to one of the world's leading centers advancing machine learning research. The collaboration also opens access to top-tier academi
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