Eric Alström named new Hempel group president and CEO Copenhagen-headquartered paints and coatings specialist Hempel A/S has named Eric Alström its new group president and CEO, effective August 1. He succeeds Michael Hansen, who resigned and left Hempel in June 2026,
Ocean Pacific Marine wins CAD 74.7M patrol vessel contract Public Services and Procurement Canada has awarded Campbell River, B.C. -based Ocean Pacific Marine a CAD 74.7 million contract to design and construct three Next Generation Police Coastal Patrol Vessels (NG-PCPV) for
EV Maritime will be systems integrator for Western Australia's new electric ferry fleet New Zealand electric ferry design and technology specialist EV Maritime reports that Henderson, Western Australia, shipbuilder Echo Marine Group has selected it to be the electric propulsion systems integrator for five new
White Paper: Ensuring Vessel Uptime Through Drivetrain Inspections, Proactive Maintenance, and Strategic Spares This white paper emphasizes that maximizing vessel uptime depends on a structured approach to drivetrain reliability, centered on routine visual inspections, proactive maintenance practices, and strategic management of critical spare parts.
Karpowership expands with new 300 MW "Sea Lion" Class powerships Karpowership has reached another milestone in the expansion of its global fleet with the commencement of construction on its new "Sea Lion" class powerships. A steel-cutting ceremony at the HSG Sungdong shipyard
Voith celebrates 100 years of the Voith Schneider Propeller The Heidenheim, Germany-headquartered Voith Group is marking a special milestone: 100 years of the Voith Schneider Propeller (VSP). This unique cycloidal propulsion system revolutionized ship maneuverability when introduced and remains one of
Bollinger set to start production on Arctic Security Cutter program Bollinger Shipyards reports that it has reached an agreement with the U.S. Coast Guard on final terms for its Arctic Security Cutter (ASC) program contract, enabling production to begin. By leveraging a
PIL opens new office in Abidjan to strengthen West Africa presence Pacific International Lines (PIL) has officially opened a new office in Abidjan, Côte d'Ivoire, strengthening its presence in West Africa and supporting the country's growing trade and logistics sector. The inauguration follows the relocation of PIL's local agency earlier this year. The opening ceremony brought together customers, logistics partners, banking institutions, port and terminal repres
Port of Québec secures funding for shore power projects The Government of Québec will provide C$5.1 million to support two shore power projects at the Port of Québec. The funding includes C$4 million for the electrification of Wharf 30 and C$1.1 million for Wharf 101 under the province's transport efficiency program. The projects will provide the electrical infrastructure needed for shore power. Compatible cruise ships and cargo vessels will be able t
Bureau Veritas classes Dynacom's new 73,500 dwt oil tanker Bureau Veritas (BV) has classed M/T MODI, a 73,500 dwt crude and product oil tanker built by New Times Shipbuilding (NTS) for Greek shipowner Dynacom. The vessel was delivered in June. It is based on an in-house NTS design and is intended for the transport of both crude oil and refined petroleum products. M/T MODI measures 228 metres in length, with a beam of 32.2 metres, a moulded depth of 20.8
Wagenborg and Carisbrooke to build up to 10 ice-class vessels Wagenborg will expand its multipurpose fleet through a partnership with Carisbrooke Shipping. The companies plan to build up to 10 new 7,400 dwt Ice Class 1A vessels. The investment supports Wagenborg's fleet renewal strategy. The company aims to improve efficiency, reliability and fleet standardization. Dajin Heavy Industries in China will build the vessels. Groot Ship Design developed the desig
KONGSBERG equips new NIOZ research vessel with advanced ocean technology KONGSBERG has supplied an advanced package of ocean science and navigation technologies for RV Anna Weber-van Bosse, the new research vessel operated by the Royal Netherlands Institute for Sea Research (NIOZ). The 80-metre vessel was christened on the Dutch island of Texel in March. It replaces the research vessel RV Pelagia. KONGSBERG equipped the ship with HiPAP acoustic positioning systems, EM
NWSA, Port of Seattle and Port of Tacoma generated nearly US$55 billion in business output A new economic impact report has found that The Northwest Seaport Alliance (NWSA), the Port of Seattle and the Port of Tacoma supported more than 265,000 jobs and generated nearly US$55 billion in business output in 2023. The three organizations also generated US$17.7 billion in wages and benefits, highlighting their role as key drivers of Washington State's economy. The study is the first to ass
Maersk and Hapag-Lloyd return AE15 service to Suez route Maersk and Hapag-Lloyd will reroute their AE15 Gemini Cooperation service through the Suez Canal, marking the first structural return of a Gemini service to the Red Sea corridor. The change will take effect with the sailing of the Majestic Maersk. The carriers said the decision follows a thorough assessment of the security situation in the Red Sea and represents a gradual return to the trans-Suez
Maersk resumes Melbourne Star seasonal export service Maersk will reintroduce its seasonal Melbourne Star product for the third consecutive year to support Australia's peak export season. The service, enabled through weekly Melbourne calls on the Southern Star network, will call at DP World Terminal Melbourne and provide expedited connections to Southeast Asian transshipment hubs and onward global markets. The seasonal calls will begin on 10 August
Fincantieri acquires four companies to expand underwater business Fincantieri has agreed to acquire majority stakes in Next Geosolutions, WSense, Graal Tech and Defcomm as it expands its underwater business. The acquisitions will create a vertically integrated underwater division covering services, autonomous vehicles, communications and marine technologies. The company said the initial investment will total approximately €600 million. The transactions build on
ONE launches Mediterranean Africa Express service Ocean Network Express (ONE) has launched the new Mediterranean Africa Express (MAX) service to strengthen direct connections between West Africa and major global trade routes. The new weekly service will begin on 7 July 2026. The rotation includes Algeciras - Tangier - Dakar - Tema - Lekki - Abidjan - Algeciras. ONE said the service will provide dedicated direct connections between West Africa an
Grimaldi presents ammonia-ready car carrier Grande Istanbul Grimaldi Group has officially presented its latest Pure Car & Truck Carrier (PCTC), Grande Istanbul, during a ceremony at Autoport in Kocaeli, Türkiye. Named after Türkiye's largest city, the vessel is one of 17 next-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group to strengthen the efficiency and sustainability of its global automotive logistics network. Grande Istanbul has a c
Maersk unveils first India-manufactured shipping container Maersk has become the first international shipping line to procure an export-import (EXIM) shipping container manufactured in India, marking a milestone for the country's maritime manufacturing sector. The first container was unveiled at the Maersk and Container Corporation of India (CONCOR) joint-venture Inland Container Depot in Dadri, Uttar Pradesh, in the presence of India's Union Minister fo
Israeli Defense Ministry opposes proposed Zim sale to Hapag-Lloyd Israel's Defense Ministry has formally opposed the proposed sale of Zim to Hapag-Lloyd, joining several government agencies that have raised concerns over the deal, according to Calcalist. The proposed transaction is valued at approximately US$4.2 billion. Government officials are reviewing its potential impact on Israel's maritime security and supply chains. According to the Defense Ministry, th
Tehran-linked ship grounded in Strait of Hormuz The container ship that ran aground in the Strait of Hormuz on 1 July is apparently the 2006-built 1,574 TEU Arista, which has been sanctioned by the US Office of Foreign Asset Control since July 2025 for being part of Iran's dark fleet. Equasis, a ship database created by the European Commission and French Maritime Commission shows that Arista, which was reportedly sold shortly after it was sanc
CNC revamps JTX service with first direct Shantou-Thailand/Cambodia connection CNC has revamped its JTX service by adding new direct calls at Shantou and Batangas, expanding connectivity across its Intra-Asia network. The upgraded service strengthens links between Japan, China, Thailand, Cambodia, Vietnam and the Philippines. A key feature of the revised service is the market's first direct connection from Shantou to Thailand and Cambodia. CNC said the new routing provides
Readers Speak: Shipping vulnerability still defines the Hormuz crisis The latest Readers Speak poll asked readers: What does the latest Hormuz incident prove? The results reveal a clear industry message. Despite recent diplomatic progress and efforts to restore confidence, readers believe the latest developments demonstrate that commercial shipping in the region remains fundamentally exposed to disruption. Shipping vulnerability dominates industry sentiment The str
CMA CGM announces new peak season surcharges on three trade lanes CMA CGM has announced new Peak Season Surcharges (PSS) on cargo moving from the Indian Subcontinent and China, with the new charges taking effect during July 2026. Indian Subcontinent to Latin America From 15 July 2026, CMA CGM will apply a US$500 per container PSS on all cargo shipped from North West India, South East India, Pakistan and Sri Lanka. The surcharge applies to shipments bound for Ce
d'Amico fixes MR2 for two years Italian product tanker owner d'Amico International Shipping has fixed one of its MR2 tankers to an oil major for two years. The Milan-listed company said its Irish operating arm, d'Amico Tankers, had signed the new time charter at what it described as a highly profitable daily rate. The vessel was not named and the rate ...
Performance Shipping locks in $39m Aramco deal Greek tanker owner Performance Shipping has extended the charter of one of its aframaxes with Aramco Trading. The Nasdaq-listed company said the 2011-built, 104,588 dwt Briolette has been fixed for 35 months, plus or minus 30 days at the charterer's option. The new deal, at $37,700 per day, started on July 2 in direct continuation ...
Fincantieri expands underwater business with four acquisitions Fincantieri has acquired Next Geosolutions, WSense, Graal Tech, and Defcomm. The four transactions enhance the company's position in a segment that is becoming increasingly central to security, energy, and the development of critical infrastructure. Next Geosolutions is among the leading international players in marine survey and geoscience services, as well as in offshore construction support ...
MAC Shipping grows chemical tanker newbuild push Singapore-based MAC Shipping has returned to China for another batch of chemical tanker newbuildings. Brokers report the owner has contracted four 29,000 dwt chemical tankers at Taizhou Maple Leaf Shipbuilding, with deliveries due in 2029. No price has been disclosed. The latest deal adds to MAC's push into stainless steel chemical tanker tonnage after making ...
New Zealand opens door to offshore wind investment New Zealand's offshore wind sector has cleared an important hurdle after parliament passed the Offshore Renewable Energy Bill, giving developers a clearer route into a market that has been waiting for a formal permitting framework. The New Zealand Wind Energy Association said the law is a major step for the country's energy transition and, more ...
EGPN steps into boxships with Huangpu Wenchong order Hong Kong-based owner EGPN has entered the containership newbuilding market with a feeder order in China. The company has contracted a pair of 1,900 teu vessels at CSSC Huangpu Wenchong Shipbuilding for delivery in 2029. The order marks EGPN's first known move into container shipping, adding another segment to a fleet expansion drive that has ...
Sumitomo continues offshore wind exit with another sale Japan's Sumitomo Corporation has sold its equity stake in the Northwind offshore wind farm in Belgium. The company sold its stake in Northwind to the Publiwind consortium comprising the Belgian insurance company Ethias, SOCOFE SA, and SFPIM, the Belgian sovereign wealth fund. Subject to approval from relevant authorities, the transaction is scheduled to be completed ...
BW LNG lines up FSRU newbuild at HD Hyundai BW LNG has been named as the contractor behind a new floating storage and regasification unit at HD Hyundai Heavy Industries in South Korea. Brokers report the Singapore-based gas shipping player has signed up for a 174,000 cu m FSRU, costing roughly $320m, for delivery in the second quarter of 2029. The vessel is tied ...
CMA CGM set to overtake Maersk next year CMA CGM is on course to overtake Maersk as the world's second-largest containerline by the end of 2027. Speaking to French business daily Les Echos last week, CMA CGM chairman and chief executive Rodolphe Saadé said the Marseille-headquartered carrier is on track to move past its Danish rival within the next 18 months. The end-2027 ...
Advantage Tankers adds suezmax pair at Samsung Geneva-based Advantage Tankers has confirmed two suezmax newbuildings at Samsung Heavy Industries. The Tugrul Tokgoz-led owner lists the 157,000 dwt crude tankers Advantage Spirit and Advantage Synergy as dual-fuel-ready units on its newbuilding page. The vessels, costing $88.25m each, are scheduled for delivery in the first and second quarters of 2029. Brokers said construction of ...
Panama Canal tightens draught limits again The Panama Canal is preparing to tighten draught limits for neopanamax vessels again, in another sign that water risk is returning to one of shipping's most important chokepoints. The Panama Canal Authority has told ship agents, owners and operators that it will reduce the maximum authorised draught at its neopanamax locks to 14.94 m, or ...
Indonesian owners give older LNG carriers a second life Indonesian owners continue to show appetite for older large LNG carriers, giving several laid-up ships a second life at a time when values in the segment have been sliding. About a month ago, brokers reported the sale of the 158,000 cu m Seri Balhaf, built in 2008, and the one-year-younger 158,000 cu m Seri Balqis, ...
Vessel attacked off Yemen A cargo vessel came under attack in the Red Sea off Yemen on Sunday, in the latest warning that the region's maritime security crisis is far from over. UK Maritime Trade Operations said it received a distress alert from a vessel reporting that it was "under attack by unknown armed assailants" around 30 nautical miles ...
China's electric ship rollout scales up China's electric shipbuilding push is accelerating rapidly, with new data showing the country is moving battery-powered cargo vessels from experimental projects into real commercial operation at a pace unmatched elsewhere. Research from the International Council on Clean Transportation shows China had more than 440 electric ships in operation by the end of 2024. Ferries still ...
France fines shadow fleet tanker owner over false flag French prosecutors fined the owner of the shadow fleet tanker Tagor €1m last week after the vessel was detained in the Atlantic on suspicion of sailing under a false flag. The vessel has since been allowed to leave French waters and is reportedly heading towards Istanbul. The 2004-built tanker was stopped by French authorities on ...
The heatwave nobody measures Alex Byelyavtsev, a master mariner with Maersk, likes to write about the intersection of shipping, sustainability and global supply chains. Today, he discusses how extreme heat quietly dismantles Europe's infrastructure. In late June 2026, France recorded the hottest day in its history, a national average of 29.8°C, with one town passing 44°C and two-thirds of ...
VLCCs and suezmaxes riding high as peace deal hikes Hormuz flows The historic winning streak for tanker shipping continues. The US-Iran peace framework is proving lucrative for owners of very large...
Inbound Hormuz tanker transits near parity with outbound as shipowner confidence returns Inbound oil tanker transits through Hormuz are nearing parity with outbound as shipowners return to the Middle East Gulf following...
Israeli minister publicly opposes Zim and Hapag-Lloyd merger The proposed merger with Hapag-Lloyd did not provide sufficient safeguards for Israel's security interests, the ministry said
The new shipbuilding supercycle: Cyclical upswing or structural shift? Markets editor Robert Willmington explores the latest shipbuilding supercycle and assesses parallels with 2008
Shipowners need to protect their interests in general average claims, Gard warns If a factory blows up, that's the factory owner's problem. If a boxship has to be salved, thousands are on...
The Week in Charts: LNG carrier transits plunge as Iran repeats claim of control over Hormuz | Key container lines have pulled most ships from Middle East Gulf Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
EU boxship emissions fall, but Red Sea risk keeps carbon gains hostage Europe's containership emissions slightly improved in 2025, but Red Sea diversions continue to threaten lasting carbon gains
Ship recycling market remains soft as G2 Ocean sends fourth vessel for scrap Indian ship recycling prices continue to weaken due to soft domestic steel demand and cautious buying, while Bangladesh saw fluctuating...
The week in newbuildings: Cosco, MSC and Wagenborg lead busy week for global shipbuilding orders A combined 59 new merchant vessels were contracted in the past week, highlighting continued confidence in global shipping markets
Middle East port update: Monday, July 6 In light of the significant increase in cargo calls, all six berths are fully operational, while general cargo and container...
The Daily View: Hormuz's new normal will not look like the old one
Daily Briefing Hormuz contract disputes shaping up as huge issue for shipping and marine insurance | LNG carrier transits plunge as Iran...
Zim launches new Asia-South America loop on buoyant rates Ocean carriers are reinjecting significant new tonnage between Asia and the East Coast of South America after pulling ships away to serve an early Asia-Europe peak season.
Ocean carriers ride rocketing Asia-Europe rate hikes Spot prices have more than doubled on Asia-Mediterranean routes and almost tripled from Asia to North Europe since the beginning of May.
Gemini begins 'gradual return' to Suez-Red Sea transits The carrier called the move "a structural change" but said contingency plans included a return to Africa transits should the security situation deteriorate.
NS-UP merger could give Charleston needed rail boost: analyst The proposed merger of Union Pacific Railroad and Norfolk Southern Railway would create single-line rail network that could shift discretionary cargo to Charleston and other underused East Coast infrastructure, writes rail analyst Paul Tonsager.
Shipper rush into heavy-lift assets holds risks Equipment acquisitions for heavy-lift cargo handling need to go together with investment in technical expertise, asset providers warn.
Hengli Heavy Industry logs colossal first-half order haul Firm orderbook blurred by yard contracting for its own account and selling on berths
DIS fixes tanker for two years at 'highly profitable' rate MR2 deal lifts 2026 period coverage to 53%
Chinese owner expands feeder container fleet with New Dayang orders Chinese owners account for more than half of global container ship contracting this year
Falling Russian fuel exports push product tanker rates ever higher Clarksons says market upside is shifting to demand drive
Stranded bulkers face sulphur corrosion threat in Strait of Hormuz Brookes Bell warns owners and insurers over issue with cargoes
Romeo and Gozzi clans break into kamsarmaxes on Nova Marine's anniversary Switzerland-based company discloses debut acquisitions as part of new panamax desk
AI expert Maria Psaltaki joins RightShip as chief product officer Vetting company bolsters its leadership team
d'Amico International fixes tanker for two years at 'highly profitable' rate MR2 deal lifts 2026 period coverage to 53%
VLCC term deals hold above $100,000 despite spot weakness Older tanker said to have been fixed at strong rate
BGN seals long-term LNG supply deal after chartering Marinakis gas ship Agreement with Glenfarne Global furthers ambitions in the sector
LNG carriers: Four tanks good, three tanks - even better, BW LNG says Shipowner sees only upsides in a pioneering change for what can be a conservative sector
Shipping dragged into global wars as seafarer death toll revealed Map of attacks demonstrates how seafarers have been unwilling participants in wars' front lines
Miner buys cruise ship for workforce in Greenland Nasdaq-listed operation snaps up veteran vessel put up for sale by SunStone
Capital Tankers NAV discount 'too wide' to Frontline, Arctic says Evangelos Marinakis-backed crude tanker owner wins buy rating
Adnoc launches new LNG marketing and trading platform Venture is targeting portfolio of 47 mtpa by 2035
Five killed in tank barge explosion on Paraguay River One crew member survives blast and fireball
Iran begins talks with Japanese importers over tanker shipments Discussions taking place with refiners under US sanctions waiver
Ship attacked in Red Sea for first time in a year Unknown armed assailants target bulker near Al Hudaydah
Tankers set to ship rare Japanese fuel cargo to Russia Country seeks to diversify supplies after Ukrainian attacks on oil refineries
Panama Canal braced for El Nino impact as vital waterway cuts lock draught limits El Nino returns after only three years when it forced the Panama Canal to reduce draughts and transit numbers in 2023
Veteran former Torm tankers trade on as Chinese owners sell up Two 2002-built MRs changing hands domestically as value holds
Gearbulk recycles ahead of newbuilding deliveries As the Pine Arrow is put out to pasture, a Chinese shipbuilder is working on a raft of replacement vessels
China Merchants rides tanker 'super boom' to profit surge Tanker fleet overcame temporary disruption after strait blockade
Bulker attacked a day after Russia warned Red Sea is a 'thermonuclear weapon' Unknown armed assailants target bulker near Al Hudaydah
Sanctioned tanker turned away from Hormuz Strait by US heads for recycling beach While Kurdos Shipping's oldest tanker faces the scrapheap, two younger vessels assume new identities
Freight car builder Greenbrier sees weaker Q2 earnings Railcar maker Greenbrier wrestled with the twin issues of volume and mix in the second quarter as lower railcar deliveries weighed on revenue and profits, even though cash flow stayed solid. Fiscal Q2 2026 earnings for the Lake Oswego, Ore.-based supplier (NYSE: GBX ) saw weak earnings per share at $.47 versus $.89 in estimates, on revenue of $587.5 million that also fell below expectations. Cash
Montgomery lawsuit likely headed back to Illinois district court Montgomery vs. Caribe Transport II lives on, with both sides asking for the case to be moved back to a federal district court in Illinois. Beyond all the focus on the long-term implications of the Supreme Court decision that lifted barriers to filing suit against brokers , there remains the litigation that began it all: a lawsuit by a truck driver who lost his leg on the side of an Illinois highw
Mexico's new customs rules could expose bad supply-chain data, CrimsonLogic warns Mexico's mandatory electronic customs value declaration requirements taking effect Aug. 1 are likely to expose longstanding data-quality problems across cross-border supply chains, according to CrimsonLogic executive Winnie Lau. "It's quite a bit of a change from the paper process to electronic," Lau, head of region North America and senior director of group commercial at Singapore-based customs
Descartes adds last-mile tech in latest deal Descartes Systems Group announced Monday that it has acquired Latin American last-mile logistics tech provider Drivin for $30 million. Santiago, Chile-based Drivin's delivery platform provides advanced routing, dispatching and real-time visibility using machine learning and agentic AI. A news release said the service has been widely adopted across high-density urban areas, where service expectati
A peace deal in the Persian Gulf could signal a return of global shipping to the Suez Canal The world's second-largest shipping line is once again making a tentative return to one of the world's busiest trade routes. Maersk announced Monday that one of its Gemini services with Hapag-Lloyd will return to the Suez Canal. The structural change will see the AE15 service sailing via the trans-Suez route instead of the longer Cape of Good Hope voyage around the tip of Africa. The first sailin
The prosecution and the pardon that ended the diesel wars On Thursday night, Wade LaLone posted a photograph to Facebook showing off his two-page pardon, AKA, "Executive Grant of Clemency," signed in the iconic Trump thick black Sharpie strokes and dated the third day of July in the year of our Lord Two Thousand and Twenty-six. Wade's caption: "It's official. Never thought this day would come. So many emotions." Several received a full and unconditional
Large logistics firms launch dedicated cargo flights to Chicago area Three major freight management companies in the past month have introduced air charter services from Asia and Europe to Chicago-area airports, underscoring strong demand on key trade lanes from customers in the Midwest. Freight forwarders offer white-label, dedicated cargo service because of the greater control it gives them over capacity, routes, scheduling, ground logistics and service compared
A Truck Driver Made One Phone Call and Saved a Life. There Is an Award for That, and Nominations Close August 15 A driver rounds a curve on a dark rural road and sees a woman standing near the fog line, head shaved, wearing nothing but a beach towel, no other car or person anywhere in sight. Something is wrong. He acts. That woman turns out to be a human trafficking victim, and because a truck driver trusted his gut and made a call instead of driving past, her story does not end on that road. That is not a
Former Austin Freight Systems controller pleads guilty in $3.2M embezzlement scheme A former controller for Austin Freight Systems pleaded guilty to federal charges after prosecutors accused him of embezzling more than $3.2 million from the Texas freight brokerage. Mitchell David Slentz, 34, of Kyle, Texas, pleaded guilty June 29 to one count of wire fraud and one count of engaging in monetary transactions involving criminally derived proceeds. The U.S. Attorney's Office for the
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