Two new Indian GTTP green tugs will have ABB power and propulsion solution India's Cochin Shipyard has awarded ABB a contract to supply power and propulsion systems for two new electric tugboats. Due for delivery to Polestar Maritime in 2027 as part of Phase 1
Volvo Penta unveils new IPS Hybrid system for marine commercial sector Building on the commercial and operational benefits of Volvo Penta's IPS (integrated propulsion systen) platform, the company's new IPS Hybrid platform for commercial vessels combines propulsion, electric motors, batteries, energy management and
Crescent Towing to add four new 6,000 hp Z-drive tugboats Mobile, Ala.-based Crescent Towing is continuing to strengthen its fleet with the upcoming addition of four 6,000 HP Z-drive tugboats. The vessels, built at sister Cooper Group member Blakeley BoatWorks, will further
West Calcasieu Port expands its footprint The West Calcasieu Port (WCP) in Sulphur, La., yesterday announced the purchase of an additional 172 acres of waterfront property along the Gulf Intracoastal Waterway (GIWW). Funding for the property acquisition was
Hydrogen-burning Baker Hughes NovaLT gas turbine gets RINA type approval Genoa-headquartered class society RINA has granted Baker Hughes type approval for its NovaLT 16 gas turbine technology, specifically to operate on natural gas and up to 100% hydrogen for marine propulsion applications.
SBM Offshore and Solstad Offshore order new deepwater installation vessel One of the world's largest FPSO operators, Netherlands-headquartered SBM Offshore, has formed an joint venture with Norway's Solstad Offshore that has signed a Letter of Intent with an undisclosed shipyard to order
GEODIS launches first French port hub at Le Havre GEODIS has established its first integrated port hub in France, selecting Le Havre as the location for a new multi-service logistics platform designed to streamline import and export operations. Located within France's largest container port, the new facility combines GEODIS' four business lines into a single site to provide end-to-end supply chain services. The company said the hub integrates di
Lloyd's Register partners on wind-assisted MR tanker development project Lloyd's Register has signed a memorandum of understanding with K Shipbuilding , bound4blue and Liberian International Ship & Corporate Registry to develop a wind-assisted 50,000 dwt MR tanker design. The agreement was signed during Posidonia 2026 in Athens. The project focuses on developing and optimizing a medium-range tanker equipped with wind-assisted propulsion systems (WAPS). The design will
Sea-Intelligence: 2026-Q1: NAEC Ports Consolidate Market Share In Issue 767 of the Sea - Intelligence Sunday Spotlight, Sea-Intelligence analysed 2026 - Q1 container volumes at North American East Coast (NAEC) ports. NAEC Total Throughput declined - 2.5% Y/Y, and NAEC Laden Imports declined - 1.4% Y/Y. Despite this, the NAEC ports gained ground on the West Coast, lifting the region's Laden Import share from 46.0% in 2025 - Q1 to 46.8% in 2026 - Q1, as West C
Los Angeles port launches hybrid passenger vessel A new hybrid passenger vessel, El Escudo, is now in operation at the Port of Los Angeles, marking a significant milestone in the decarbonisation of harbor craft operations in San Pedro Bay. The 350-passenger vessel, operated by Harbor Breeze Cruises, is the result of a partnership between Harbor Breeze Cruises, the California Air Resources Board, the Port of Los Angeles and the Port of Long Beach
Port of Valencia implement EU-compatible passenger border control system The Port of Valencia has become the first port in Spain to deploy a passenger border control system compatible with the European Entry/Exit System, establishing a facility that supports the Ministry of the Interior in managing external border operations. The infrastructure was developed by the Port Authority of Valencia and is 75% co-financed by the European Union through the European Fund for In
Asyad Drydockreports record growth and drydocking milestone Asyad Drydock has announced its 2,200th drydocking milestone at Posidonia 2026, reporting record activity levels as the Omani shipyard continues to expand its repair and conversion business. Drydockings in the first five months of 2026 increased by more than 10 percent compared to the same period last year, building on consecutive record years in 2024 and 2025 when the yard completed repairs on m
OOCL launches Southeast Asia to Indian subcontinent service OOCL has announced the launch of its new Southeast Asia to Indian Subcontinent Service 2, designated SIS2, commencing June 4, 2026. The service provides a direct connection between Haiphong and India's west coast while strengthening connectivity across China, Vietnam and Singapore. The SIS2 port rotation covers Qinzhou, Yangpu, Haiphong, Singapore, Mundra, Singapore, Hong Kong and back to Qinzhou
Hanseatic Global Terminals completes stake acquisition in Brazilian Container Terminal Hanseatic Global Terminals and the Imetame Group have completed the establishment of the Hanseatic Global Terminals Aracruz joint venture, formalising their partnership to develop and operate a new greenfield container terminal in Aracruz, Espírito Santo, Brazil. The transaction follows a partnership agreement signed in December 2025, with operational launch targeted for mid-2028. The terminal is
CMA CGM announces multiple Peak Season Surcharges CMA CGM has issued a series of Peak Season Surcharge notifications covering multiple trade corridors, with effective dates ranging from June 7 through July 1, 2026. Asia to North Europe Effective June 15, 2026, a surcharge of US$ 600 per TEU applies to all cargo from all Asian ports, including Japan, Southeast Asia and Bangladesh, to all North European ports covering the United Kingdom and the fu
MPA and MSC sign MOU to strengthen collaboration The Maritime and Port Authority of Singapore and MSC Mediterranean Shipping Company have signed a Memorandum of Understanding to strengthen collaboration across maritime decarbonisation, digitalisation, innovation and manpower development. The MOU was signed on May 25, 2026 by MPA Chief Executive Ang Wee Keong and MSC CEO Soren Toft, coinciding with the 30th anniversary of MSC establishing its As
COSCO expands Far East network with new direct Poland-Asia service COSCO SHIPPING Lines will expand its Far East coverage with the launch of its new AEU7 service, creating the first direct container connection between Poland and key Asian markets including Vietnam, Malaysia and Hong Kong. The first call at Baltic Hub in Gdansk is scheduled for the end of August 2026. The new service strengthens the position of Port of Gdansk as a growing gateway for Asian cargo
CMA CGM expands PSS hikes across Africa, Europe and North America trades CMA CGM has announced a new wave of Peak Season Surcharges (PSS) across multiple trade lanes covering Africa, Europe and North America as carriers continue adjusting pricing ahead of peak season demand. The carrier introduced new surcharges for South African cargo from China. From 7 June 2026, cargo from China to Durban, Port Elizabeth and Cape Town will face a surcharge of US$100 per TEU. The su
Port of Koper adds fourth direct Asia service with new MSC connection Port of Koper has expanded its Asian connectivity after welcoming the first call of MSC's new PHOENIX container service. The vessel MSC AGAMEMNON VIII made its inaugural call at Koper on 31 May as part of the new direct service operated by MSC Mediterranean Shipping Company . The bi-weekly service connects Koper with ports across the Far East, Mediterranean and Adriatic regions. Following an intr
Hanseatic Global Terminals completes Brazil terminal joint venture Hanseatic Global Terminals has completed the acquisition of a 50% stake in the Aracruz container terminal project in Brazil, officially launching its joint venture with the Imetame Group to develop a new greenfield terminal on the country's east coast. The transaction received all required regulatory approvals and formalized the creation of Hanseatic Global Terminals Aracruz S.A., previously know
MSC says vessel struck by projectiles in Iraq as regional maritime risks intensify MSC confirmed that its vessel MSC Sariska V was hit by two projectiles while departing the port of Um-Qasr, Iraq, raising fresh concerns over security risks facing commercial shipping in the region. The company said the first projectile struck while the vessel was leaving port with the pilot onboard. A second projectile later hit the crew accommodation area. MSC confirmed that all crew members re
The boundless promise and fragile foundations of AI at sea Everyone in shipmanagement is talking about artificial intelligence. Fewer are being honest about how far the industry still has to go. Another chapter from our new shipmanagement magazine which has proven to be a big hit at this week's Posidonia. From emissions reporting to autonomous watchkeeping, artificial intelligence is reshaping how shipmanagers run their businesses. ...
Xingtong books quartet of chemical tankers at Chinese yards Chinese chemical tanker owner Xingtong Shipping has continued its fleet growth drive with contracts for four stainless steel chemical tankers at three domestic shipyards in a deal worth about RMB697.3m ($103m). The Shanghai-listed company said its wholly owned subsidiary, Xingtong Investment (Singapore), has signed separate newbuilding agreements with Taizhou Maple Leaf Shipbuilding, Taizhou Koua
MTT Shipping pushes fleet growth strategy forward with Wuhu boxship deal Malaysian containership operator MTT Shipping has pressed ahead with its fleet expansion and renewal programme by ordering two 3,300 teu newbuildings in China. The company disclosed through the Malaysian Stock Exchange that two indirectly owned subsidiaries, MTT Shipping Pasir Gudang and MTT Shipping Miri, have contracted the vessels at Wuhu Shipyard for a combined price ...
Abu Dhabi shipbuilder lands record $354m vessel construction haul Safeen Drydocks has secured vessel construction contracts worth AED1.3bn ($354m), the largest awards in the company's history and a major boost for the UAE's ambitions to become a regional shipbuilding centre. The Abu Dhabi-based shipbuilder, a joint venture between AD Ports Group and Premier Marine Engineering Services operating under Noatum Maritime, will build a total ...
Aegean Shipping widens tanker bet with debut VLCC orders Greek owner Aegean Shipping Management has expanded into the VLCC sector with an order for two supertankers in China, as part of a wider four-ship newbuilding package. The Piraeus-based outfit said it has contracted two LR2/aframax tankers and two VLCCs from Hengli Heavy Industries, although no pricing or delivery details have been disclosed. The order, ...
Perdana Petroleum orders AHTS pair in fleet renewal drive Malaysian offshore marine support services firm Perdana Petroleum is investing $33.94m (RM134.49m) to build two new anchor handlers as part of the company's fleet rejuvenation programme. The two 60-tonne bollard-pull AHTS vessels will be built by China's Aulong Shipbuilding. According to a Bursa Malaysia filing, they are expected to be delivered within 730 and 820 ...
World's largest FLNG project moves ahead offshore Louisiana Mitsui O.S.K. Lines (MOL), Delfin Midstream, Vitol, and a group of investors have reached a final investment decision for an offshore FLNG project in the US. Delfin FLNG 1 will be the first FLNG in the United States and the largest of its kind globally. The project will have an annual LNG nameplate production capacity ...
Velesto lands jackup drilling contract offshore Thailand A subsidiary of Malaysia's Velesto Energy has won a contract for one of its jackup rigs and drilling rig services from Northern Gulf Petroleum. Velesto Sumber secured a contract award to provide the Naga 6 jackup for a drilling campaign in the Gulf of Thailand. The firm work scope comprises four infill wells and three ...
K Line orders quartet of LNG-fuelled car carriers for European trades Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has placed orders for four LNG dual-fuel car carriers aimed at strengthening its short-sea automotive logistics network in Europe. The vessels, each capable of carrying around 1,380 vehicles, will be built by China Merchants Jinling Shipyard (Nanjing) for K Line's European subsidiary, K Line European Sea Highway ...
Why the IMO matters more than ever for shipping's next 50 years Bertrand Smith, director general of the Maritime Authority of Jamaica, writes for Splash today. Shipping depends on a simple but powerful idea: that a ship can move between nations because those nations have agreed to a common set of rules. Those rules govern safety, security, pollution prevention, training, certification, search and rescue, port state control ...
DHT returns to Hanwha for fresh VLCC newbuild Supertanker owner DHT Holdings has returned to South Korea's Hanwha Ocean for another VLCC, securing a newbuilding slot for delivery in August 2028. The New York-listed company said the vessel will be a sistership to the two VLCCs ordered at Hanwha in 2024 and delivered earlier this year. DHT said the tanker will feature the ...
Shipping industry falls short on ESG delivery despite governance progress While environmental, social, and governance (ESG) frameworks are now widely established across the shipping industry, they are not consistently translating into operational performance, according to Lloyd's Register's Maritime ESG Benchmarking Report. The 'Measuring ESG maturity in maritime' report, published by LR's ESG Advisory service, presents findings from the Maritime ESG Maturity Index (ME
Greek campaign against NZF makes life awkward for green tech sector Major tanker owners' PR blitz against the Net-Zero Framework has highlighted the divide between those banking on a global greenhouse...
Competitiveness and sustainability can be combined, says global shipping 'powerhouse' Union of Greek Shipowners' latest report underlines aspects that set Greek shipping apart
US sanctions and blockade drive Iran's LPG fleet deeper into the shadows Sanctions on Iran's LPG fleet have expanded rapidly since late last year. The fleet's tactics have adapted and shifted amid...
Trump's Cuba sanctions ramp up fines three times over Expressly targeting non-US entities for first time is a big development, WFW's Pilarski said
Shipping risks widening seafarer competency gaps unless it acts collectively, industry warns The long-anticipated shortage of skilled seafarers is moving from a distant concern to an immediate threat - and unless the...
Vehicle carrier orderbook swells as K Line orders four newbuildings in China After a fallow period in 2025, the vehicle carrier sector is experiencing a resurgence in newbuilding orders, driven by sustained...
Middle East port update: Thursday, June 4 In UAE, Ras al Khaimah ports remain open and are operating normally. RAK Ports Group will implement a Marine Risk...
Alternative fuel boxship newbuild orders stall as focus shifts to feeder fleet replacement Conventional-fuel feeder and mid-sized boxships ordered today will carry a significantly lower carbon footprint than the tonnage they replace
Hormuz crisis exposes critical weaknesses in autonomous shipping, warns ClassNK chief The Hormuz crisis has laid bare the vulnerabilities of autonomous vessel systems, with ClassNK president Hayota Suga warning that data...
Yangzijiang completes $825.7m deal for 10% stake in Seaspan parent Yangzijiang said the deal would bring it closer to Seaspan and help it plan future newbuildings demand
Iranian crude exports collapse under US naval blockade Signs point to the US Naval blockade being effective in curbing exports of Iranian crude oil with only a trickle...
The Daily View: In the Strait of Hormuz, shipping is now choosing between bad and worse
Daily Briefing Stranded ships start to move as quiet US overwatch spurs Hormuz exits | Panama reflagging explodes as China detentions hit...
Mobile's deeper harbor primes it for new resin export hub Canada's Ray-Mont Logistics will build its third US transload site at the Alabama port as the company looks to offer shippers an alternative to the busy Gulf Coast hub of Houston.
US bolsters customs enforcement of small and foreign importers The order targets importers that are largely unknown to US Customs and Border Protection, as well as importers using diversions from one country to another to reduce their duty exposure.
Era of 'low-data, low-accountability' over for air cargo e-commerce: Tiaca With the EU about to follow the US in scrapping duty-free imports of low-value goods, the expanding regulatory clampdown is a turning point in how huge volume of e-commerce exports from China are monitored.
Are ocean carriers set to dominate marine terminal ownership? Carriers and their affiliates now own about 50% of worldwide terminal capacity, coming close to double what it was 10 years ago, according to various industry estimates.
Bidding war for a bargain bulker as younger, pricier peer goes unsold HNA-owned supramax changes hands as GNG-owned panamax attracted no buyer
MTT inks order for feeder container ship duo at Wuhu Shipyard Malaysian owner splashes $80m in post-IPO cash on newbuildings
'It's a horrible policy': Lawmakers take aim at Trump's historically long Jones Act waiver Garamendi says legislative amendment to address waiver is being prepared
TotalEnergies moves for JP Morgan tankers on three-year charters Term rates for MR ships holding up, brokers say
Venezuela and India cosy up as mainstream tankers step into the breach CMB.Tech VLCC en route to India with largest shipment yet
From flags to chokepoints: US shipping regulator's Laura DiBella pushes ahead with probes Chair Laura DiBella hails the assertive enforcement posture of US shipping regulator
Posidonia puts brakes on VLCCs and suezmaxes as aframaxes rebound Shipping is focused on the Athens activity, blunting activity, brokers say
European owner plunges to $30m loss after selling its last two bulkers Fate of Montenegro's state-owned Crnogorska Plovidba uncertain after latest financial report
Alternative fuelling figures 'notably lower' in 2026, DNV says LNG continues to dominate with bulk of orders booked in large container ship sector but focus is shifting
'Supply chains are under strain': How Trafigura's agile tanker fleet turned chaos into profit Swiss trader says it has the capacity to react swiftly to market disruption
Samudera sells off elderly loss-making chemical tankers Company expects net gain of $1.3m
'The shoulders we're standing on': Top flags honour best Greek clients Harry Vafias and Anthony Comninos receive awards for helping boost the registries most used by Greek owners
MSC and Hapag-Lloyd expand global terminal footprint with Ukraine and Brazil deals MSC secures majority stake in key Black Sea terminal while Hapag-Lloyd invests in major new Brazilian container hub
Former CSSC HK Shipping chairman detained Yang Li quit leasing company in 2020
Sinokor price precedent means Diana will have to pay up for Genco, says SEB Meanwhile, Genco board hits back at latest claims from its pursuer over ship values
Russian master faces jail term after sanctioned tanker seizure Prosecutor says they are trying to identify owner of tanker Tagor boarded by military on Sunday
Awilco top boss steps in as interim CEO of Awilco LNG Jens-Julius Nygaard is managing director of Awilco, which owns 39% of the LNG company
Trafigura banks $500m from US investors in latest securities sale Trader and shipowner says deal was 'significantly over-subscribed'
He just wanted to make money: The life and times of George Economou This week's Streetwise recaps on a candid on-stage interview with the Greek billionaire at Posidonia
K Line orders series of dual-fuel car carriers for niche European markets Smaller vessels will cope with size restrictions at some regional ports
Giant UK fund reveals significant stake in bulker owner Taylor Maritime Filing shows London-based operation has a 5% holding worth nearly $6m
Numbers of 'low utilisation' LNG carriers poised to top 200 in period to 2030 Wood Mackenzie analyst sees scrapping of less efficient vessels being delayed as owners cash in on rates
Genco Shipping wins key backing from advisory firm in Diana fight Round One of independent recommendations from three shareholder services is a strong decision for New York takeover target
Icon Energy locks in earnings by switching bulker to fixed-rate deal Ismini Panagiotidi-led company says profit visibility will be increased by change
Samudera sells off elderly loss-making product tanker pair Net losses attributable to the 20-year-old Sinar Malahayati and 18-year-old Sinar Mendawai for the 2025 financial year was $500,000
DHT ploughs profit into VLCC newbuilding order with early delivery US-listed owner says new tanker will be delivered in 2028
'The shoulders we're standing on': Top flags honor best Greek clients Harry Vafias and Anthony Comninos receive awards for helping boost the registries most used by Greek owners
'Promethean moment': AI will shake up shipping in a million ways, owners say Artificial intelligence may soon help determine ships' revenue, insurance and rating
The shipping stories hidden inside the Shangri-La Dialogue Maritime security, chokepoints and shadow fleets were never far from the conversation
BHP trial highlights search for biofuel alternatives to used cooking oil Growing competition for biofuels driving search for new feedstocks, GCMD tells TradeWinds
CSSC unit links offshore wind expansion to green marine fuels Chinese group outlines hydrogen, ammonia and methanol ambitions alongside shipping integration
Former CSSC HK Shipping's chairman detained Yang Li resigned from the Hong Kong-listed leasing company in 2020
Bidders line up for Eni's third giant FLNG unit for Mozambique Six-mtpa LNG floating unit would be largest to date
Delfin Midstream finally gives go ahead for first FLNG project in US Company surprises with 'largest' global floating LNG production unit and new investor
CMA CGM celebrates arrival of giant container vessel in Singapore The arrival of the CMA CGM Notre Dame marks the first arrival out of a series of 10 ultra large container vessels ordered
Two seafarers stuck in Iranian jail over war photos Iranian officials detained pair after examining phones of crew on small cargo ship in Middle East Gulf
Fichte expands partnership as Strait of Hormuz tensions drive shipping disputes Firm promotes four lawyers amid rising maritime legal workload
Trucking is driving double-digit growth for this rail freight category The rail freight rally continues. Traffic on U.S. railroads increased by 7.2% from a year ago to 492,795 carloads and intermodal units for the week ending May 30, the Association of American Railroads reported. Commodity shipments improved by 4% to 228,346 carloads, and intermodal volume was 264,449 containers and trailers, better by 10% y/y. Intermodal has benefited from shifts by shippers chall
Tariff fraud enforcement targets importers over alleged duty evasion The federal government is widening its crackdown on tariff evasion and customs fraud, with recent actions targeting auto parts, aluminum, steel and rail components as importers face heightened scrutiny over country-of-origin claims, product classifications and declared customs values. The cases show how tariff enforcement is increasingly moving through multiple channels: False Claims Act lawsuits
FMCSA responds 2X to ongoing problems with Motus rollout A growing clamor over the rollout of the Motus registration system by the Federal Motor Carrier Safety Administration (FMCSA) has led to two statements issued by the agency, with notable differences in tone and approach in the pair of missives. Motus is a new single entry point for a wide variety of interactions with registration systems and other FMCSA tools needed by the trucking community. It
FedEx partner airline says Caribbean service at risk without FAA waiver FedEx feeder airline Mountain Air Cargo is seeking a federal waiver from the payload limit for on-demand carriers so it can switch to a regulatory regime with less strict requirements for long overwater flights and continue to serve Caribbean island routes without interruption as it transitions to using larger turboprop cargo aircraft. North Carolina-based Mountain Air Cargo plans to replace its
Peak indicator: $2,600 increase on one U.S. shipping service It's that peak time of year, and ocean carriers are shaking off months of uncertain demand with an array of peak season surcharges and other price hikes across a range of services. French carrier CMA CGM this week announced one of the biggest, a whopping $2,600 increase on 40- and 45-foot containers moving from the East Mediterranean to U.S. East Coast ports. The world's third-largest box carrier
NMFTA launches anonymous threat reporting portal for freight fraud and cybercrime The National Motor Freight Traffic Association has launched a free online Threat Report Portal that allows transportation companies to anonymously report freight fraud, cargo theft and cybersecurity incidents. The initiative is designed to improve industry-wide threat intelligence sharing as cyber-enabled cargo crime and fraud schemes continue to increase across the supply chain. The portal can b
Freight distress spreads as bankruptcies, layoffs top 600 jobs Several trucking and logistics companies sought bankruptcy protection over the past week, as several transportation and logistics companies also announced facility closures and layoffs across the U.S. The bankruptcies and layoffs reflect continuing financial challenges facing transportation providers despite significant improvements to the freight market. The latest filings include a mix of Chapt
S&P Global warns of looming problems at Odyssey as it cuts rating Odyssey Logistics has had its debt rating cut by S&P Global Ratings, but it's a move that brings that agency in line with what its chief competitor did late last year. But more starkly, S&P Global's report on its rating reduction goes so far as to raise the possibility of an Odyssey default in 2027. S&P Global Ratings (NYSE: SPGI) late last month cut its rating on Odyssey to CCC+ from B-. That
Descartes reports record revenue amid 'challenging' trade landscape Global supply chain SaaS provider Descartes saw record revenue and operating income during its 2027 fiscal first quarter. Descartes ( NASDAQ: DSGX ) reported consolidated revenue of $194 million for the period ended April 30, a 15% year-over-year increase. Services revenue was also up 15% to $181 million (organic growth in services revenue was approximately 9%, excluding foreign exchange fluctuat
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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