Steerprop books its first order for Royal Danish Navy vessels Finnish marine propulsion specialist Steerprop has secured a contract with Denmark's Hvide Sande Shipyard to supply complete propulsion packages for three Multi-Role Environmental Vessels being built for the Royal Danish Navy. The
Pentagon certifies production capacity for second DDG at GD BIW The Department of War announced today that, following a comprehensive, multi-phase due diligence review, it has determined that significant operational and managerial improvements at General Dynamics Bath Iron Works (BIW) have established
Alex Vainokivi named managing director of SRC Estonia International ship modernization and conversion specialist SRC group has appointed Alex Vainokivi managing director of SRC Estonia, Vainokivi, who was previously innovation manager, takes over day-to-day management from SRC Group's founder and
VIDEO: Bibby Marine launches pioneering battery-first eCSOV Liverpool-based Bibby Marine launched its new first-of-a-kind electric commissioning service operation vessel (eCSOV) at the Armon Shipyard in Vigo, Spain, on Saturday, October 10, marking a major milestone in the vessel's journey
Ferus Smit launches Thun Resilience Lidköping, Sweden-based Erik Thun Group reports that the Ferus Smit shipyard launched the Thun Resilience at its Leer, Germany, shipyard on October 9, 2026. The 114.95 meter, 15.87 meter beam, 7,999 dwt,
Port of Dakar advances digitalization plans with IMO support Senegal is moving forward with plans to digitalize port procedures at the Port of Dakar, following a needs assessment conducted with support from the International Maritime Organization (IMO). The assessment, carried out from 5 to 9 October, examined the port's existing processes and institutional arrangements to identify the requirements for introducing a Maritime Single Window (MSW). The propos
Hambantota port reaches TEU milestone Hambantota International Port has surpassed one million TEUs in cumulative container throughput since the commissioning of new quay cranes in 2025, marking a significant milestone in the rapid growth of its container operations. The port handled 428,036 TEUs in 2025 and 574,196 TEUs year-to-date in 2026, bringing combined volume to 1,002,232 TEUs. MSC, HIP's principal container customer, has cont
GEODIS expands defence logistics capabilities in Poland GEODIS has obtained a new certification in Poland, enabling the logistics company to provide specialized transport services for the defence sector, including the handling of strategically important goods and dual-use products. The company secured the Internal Compliance Programmes (ICP) certificate, which confirms that its internal procedures meet specific security and regulatory compliance requi
Construction of wind turbines has begun at Port of Zeebrugge Preparatory groundworks have commenced this month for the construction of eight new wind turbines in the port of Zeebrugge, with a total capacity of 42.6 MW, in a joint investment by ENGIE, Port of Antwerp-Bruges and Portfineco, a vehicle jointly owned by Zefier and Port of Antwerp-Bruges. ENGIE will manage the operational management of the turbines through the joint venture company Seagull I. Th
TT Club and UK P&I Club secure member approval for merger TT Club and UK P&I Club have secured approval from their members for a proposed merger that will bring together two major insurance organisations serving the global maritime, container and logistics industries. The decision was confirmed following separate Special General Meetings held on 7 and 8 October 2026. The merger is scheduled to take effect on 20 February 2027, subject to the necessary re
Explainer: Why the energy ceasefire leaves shipping exposed When President Trump announced on 11 October that Russia and Ukraine had agreed to an immediate "energy ceasefire", the instinctive market reading was relief: fewer strikes on energy assets should mean a calmer Black Sea
Port of Los Angeles sets monthly cargo record The Port of Los Angeles handled 1,042,652 TEUs in September 2026, the busiest month in the port's 118-year history, surpassing the previous monthly record set in July 2025 by more than 20,000 units. The record month capped the busiest quarter in port history, with nearly 3 million TEUs handled from July through September, while the four-month stretch from June through September produced nearly 4
Container freight rates weaken as Asia-Europe decline continues Global container freight rates remained under pressure in the latest weekly readings, with several major benchmarks declining around China's Golden Week holiday period. Drewry's World Container Index (WCI) fell 2%, while the China Containerized Freight Index (CCFI) and Ningbo Containerized Freight Index (NCFI) also moved lower. The Shanghai Containerized Freight Index (SCFI) was broadly stable, a
Maersk raises US inland fuel surcharge Maersk will increase its Import and Export Fuel Surcharge for US inland haulage from 1 November 2026. The Maersk US inland fuel surcharge will rise from US$140 to US$215 per container. Charge Current rate New rate Import/Export Fuel Surcharge US$140 per container US$215 per container Scope of the Maersk US inland fuel surcharge The revised surcharge will apply to shipments carried under a Maersk
Why the Gulf's two wars escalate together but cannot calm together Houthi strikes on Saudi airports and a stalled Hormuz channel show that pressure now travels across both chokepoints while relief stays local. For shipping, volume indicators are failing and money signals are taking over. Between 6 and 11 October, both of the Middle East's maritime crises escalated at the same time
CMA CGM announces new peak season surcharges on Asia-Africa trades CMA CGM has announced three Peak Season Surcharges (PSS) on shipments from Asia to Africa, with charges of up to US$750 per TEU taking effect in October 2026. The new surcharges cover shipments from the Far East to Durban, South Africa, from Southeast Asia to northern West Africa, and from China to Mozambique. The highest surcharge applies to cargo moving from the Far East to Durban, while the ot
Peel Ports Group appoints Head of Project Cargo Peel Ports Group has appointed Nigel Kent as Group Head of Project Cargo, consolidating the UK's second largest port operator's project cargo capabilities under a single national leadership structure to meet rising demand driven by the energy transition and major UK infrastructure programmes. Kent moves from a Head of Commercial role at Peel Ports Logistics, the group's shipping and freight forwa
HAIAN BETA makes maiden Chennai call M/V HAIAN BETA made its maiden call at Chennai Port on 3 October 2026, marking the launch of Hai An's direct CVI service between Vietnam and India. The vessel is the first ship deployed on the new service by Hai An Container Transport Company Limited (HACT), a subsidiary of Hai An Transport and Stevedoring Joint Stock Company (HATS). A welcome ceremony for the HAIAN BETA Chennai call took place a
A platform launched to consolidate European port innovation knowledge The Green Innovation Compass has been launched as a publicly accessible knowledge platform consolidating European expertise on innovative technologies and solutions for the port ecosystem, providing independent and practical insights for all port stakeholders. The platform is one of the key legacy outcomes of the EU Horizon 2020-funded MAGPIE project, in which the Port of Rotterdam participated a
Port Houston completes Project 11 Houston ship channel expansion Port Houston joined federal, state and local officials and industry partners on October 8 to celebrate the completion of Port Houston-led segments of Project 11, the eleventh major expansion of the Houston Ship Channel and one of the most significant infrastructure projects in the waterway's history. The completed work widened the channel by 170 feet along its Galveston Bay reach, from 530 feet t
Readers Speak: Smaller vessels gain favour in container ship orders As container shipping lines continue to evaluate their fleet expansion strategies, the question of which vessel sizes deserve priority in newbuilding orders remains an important industry consideration. The latest Readers Speak poll by Container News asked readers: "Which vessel size should container lines focus on for new orders?" The results reveal a clear preference for smaller and medium-sized
Explainer: Hapag-Lloyd is building its own table The German carrier's exit from the MSC-ONE Ipanema pact marks the moment one shared China-Brazil lane begins splitting into two rival systems
The pre-winter race for the Black Sea Russia and Ukraine are front-loading strikes at sea before the storm season. That makes the coming weeks more dangerous for shipping, but it may also open a narrow window for a deal
Thordon Bearings expands manufacturing capacity with new Canadian plant Thordon Bearings has opened a third manufacturing facility in Burlington, Canada, to expand production capacity and meet growing demand for its marine bearings, seals and related equipment. The new facility, located at 3180 Mainway near the company's existing headquarters, will primarily manufacture TG100 water-lubricated mechanical seals and water quality packages for the marine and hydropower s
Britain urges ships to prepare for life without reliable GPS Britain has warned shipowners that satellite navigation can no longer be taken for granted in some of the world's busiest shipping regions, urging crews to practise navigating without GPS as jamming and spoofing become increasingly widespread. In a new Marine Guidance Note, MGN 719, the UK's Maritime and Coastguard Agency (MCA) warns that interference across ...
Europe's shore power deadline is racing ahead of the grid Two EU regulations will require ports to provide shore power and ships to use it from 2030. But with grid upgrades taking up to a decade, the infrastructure needed to meet the deadline is struggling to keep pace. Alex Byelyavtsev reports. By 2030 two EU rules meet at the quay. AFIR tells TEN-T core and ...
Yangzijiang Maritime adds kamsarmax bulkers to newbuild spree Singapore-listed Yangzijiang Maritime Development has struck a bulk carrier newbuilding deal in China, for up to six kamsarmaxes at Jiangsu Watts Energy & Engineering. The Ren Yuanlin-led maritime investment group has signed for four firm 82,000 dwt vessels, with options for another two, according to Chinese shipbuilding sources. The deal would mark Yangzijiang Maritime's first ...
MISC lines up five more LNG carriers for Petronas Malaysian shipping group MISC is preparing another five LNG carrier newbuildings in China after securing a fresh long-term charter award from compatriot Petronas. The Bursa Malaysia-listed owner has accepted a letter of award from Petronas LNG, covering five new LNG carriers on firm 20-year charters. The ships are expected to enter service from 2030. MISC ...
Jordan seeks contractors for new Aqaba oil terminal Jordan's Aqaba Development Corporation (ADC) has launched an international tender for the construction of a new oil terminal at the country's main maritime gateway. The state-owned developer is seeking contractors for the engineering, procurement and construction of marine infrastructure at the Port of Aqaba's South Port complex. The planned terminal will accommodate tankers ranging from ...
Chinese buyers snap up capesizes While tankers have dominated headlines in October, Chinese buyers are quietly putting money on the table for more capesize tonnage, emerging behind some of the dry bulk market's most eye-catching deals. Estonian outfit Klip Marine is reportedly exiting the segment by selling the Ekaterini V (173,555 dwt, built 2012 at Bohai Shipbuilding) to Chinese buyers ...
US lines up second Alaska offshore lease sale The US is preparing a second offshore oil and gas lease sale in Alaska's Cook Inlet, offering about 1.05m acres, despite the programme's first auction attracting no bids earlier this year. The country's Marine Minerals Administration (MMA) has issued a proposed notice of sale for the so-called Big Beautiful Cook Inlet 2, or BBC2, covering ...
Transocean books new Shell work and firms up $1bn Equinor deal Swiss-based offshore drilling giant Transocean has won new work for one of its semisubs and secured formal approval for its $1bn deal with Equinor, announced earlier this year. Shell's Norwegian arm awarded a two-well contract to the Transocean Norge semisub rig, built in 2015. The estimated 120 days of work is expected to begin as a ...
Shell joins Equinor in $9.8bn Canadian offshore project Supermajor Shell has agreed to acquire a 30% interest in Equinor's Bay du Nord project offshore Newfoundland and Labrador as the partners push the development towards a final investment decision targeted for early 2027. Equinor will retain a 70% interest and remain the project operator, which is currently completing front-end engineering and design work. Bay ...
Vale prepares first autonomous shiploader Brazilian mining giant Vale is preparing to test its first autonomous shiploader in December at Ponta da Madeira, taking another step towards fully automated port operations. The trial at São Luís, in Maranhão state, will see a shiploader carry out its operating cycle without direct human commands, although staff will continue supervising the equipment. Vale ...
Hapag-Lloyd suspends bookings to three Philippine ports as container crisis deepens Hapag-Lloyd has suspended new bookings to Manila, Batangas and Subic Bay until the end of December, as worsening congestion and a chronic shortage of empty-container storage capacity disrupt Philippine supply chains. The German carrier stopped accepting bookings to the three gateways from all origins and across every trade lane on September 29, citing severe constraints ...
Two European shipyards find new owners after years of turmoil Two of Europe's best-known shipyards are heading into new ownership, with Germany's Rheinmetall taking over Romania's Mangalia facility and Turkey's Kuzey Star Shipyard selected to acquire Croatia's Uljanik Brodogradnja 1856. German defence giant Rheinmetall has secured the Mangalia shipyard for €138m ($160m), winning an auction organised by court-appointed liquidator CITR on Friday. The Black Se
Crude tanker rates steady near peak as Hormuz attacks intensify The Hormuz shuttle trade has been a boon for crude tanker owners worldwide, courtesy of the 'cascade' effect. The shuttle...
The Daily View: China's answer to sanctions is not Russia's shadow fleet
Strong demand continues to support boxship charter rates despite growing newbuild orderbook Prompt tonnage remains in short supply across most vessel segments, while demand for 1,800 teu ships is especially resilient
Danaos eyes bulker spin-off in Norwegian market Greece-based containership owner has mandated investment banks to 'explore' potential listing move
EU-China hybrid vehicle deal curbs cargo growth but car carrier market seen as remaining tight EU curbs on Chinese hybrid vehicle imports will trim growth for one of the car carrier sector's most important long-haul...
Nuclear shipping ambitions face reality check over unproven SMR technology Next-generation nuclear technology's potential for faster, zero-emissions shipping has been oversold, according to Greenwich University emeritus professor of energy policy...
Trump diesel deal may create cargoes, but impact on tanker markets looks limited Donald Trump's agreement to release Russian diesel on to global markets could create additional product tanker cargoes, but constrained Russian...
The week in newbuildings: Shipowners rush to secure slots as delivery dates stretch further out The latest wave of orders underscores a market increasingly shaped by long lead times and strong competition for shipyard slots
China races to deweaponise the West's grip on marine insurance China is accelerating efforts to build domestic marine insurance and reinsurance capacity as sanctions, war risk shocks and geopolitical tensions...
Hormuz attacks spread beyond transit corridor as tanker struck at Omani anchorage A drone strike on a tanker anchored off Oman has reinforced warnings that the Hormuz shipping crisis is spreading beyond...
The Week in Charts: India's MEG crude imports rebound as Russian barrels return via Suez | Crude tanker stocks surge to record highs as market euphoria abounds Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Singapore bunker players brace for higher prices as Hormuz keeps supplies tight Bunker players in the world's largest bunkering hub are bracing for more volatility with no end in sight to the...
Asia-Pacific piracy and robbery incidents decline in first three quarters of 2026 No category-one incidents, the most severe level of attack, were reported during the period
Daily Briefing Chinese lessors caught off guard as foreign-operated ships come under fire in Middle East | Transpacific rates stay near highs...
US truckload spot rates climbing again after summer decline A 17-cent per-mile gain in the national average DAT spot rate over two weeks heralds more volatile transactional pricing in the fourth quarter.
Ocean carriers battle to restore reliability on typhoon-hit Asia trades The long queues and delays at Chinese ports in the aftermath of the storms this summer translated into increasingly severe berth arrival delays for shippers in North America and Europe in September, according to Xeneta.
North American intermodal trends varying widely by geography The trade war between the US and Canada is wreaking damage on the Canadian economy and depressing demand for freight transportation, writes Larry Gross.
French marines swoop on former Sovcomflot tanker in the Indian Ocean Paris announces its first known interception of an EU-sanctioned tanker far outside European waters
UK authorities cite three more attacks in Hormuz If confirmed, attacks in last two weeks have risen to 24
Tycoon Liu Jichun launches $100m takeover play for Chinese tanker owner Wideshine owner has been snapping up shares in the asphalt and bitumen specialist
Iran claims strike on Adnoc L&S VLCC in the Strait of Hormuz UAE-based ship owner declines to comment on footage and statement published by Iran's IRGC force
Navios to buy back interest-paying US shares series Depositary stock has been delisted since 2024
Nordic American Tankers top stock as shipping crushes S&P 500 in unprecedented quarter You know about the crude tanker story, but other market sectors are making a run
Record tanker rates no match for global oil supply crunch, says BRS BRS Shipbrokers said buyers need oil, even if the costs to ship it are higher than ever
Chinese shipowner Fujian Guohang sets stage for expansion with Hong Kong play Beijing-listed company is preparing a new ownership structure that leaves room for further growth
Black Sea attacks trigger calls for EU crackdown on Russian grain Trio of member nations call for action on Russian shipping through bloc's ports
Mikael Skov joins board at Carsten Mortensen's Dee4 Capital Partners Former Hafnia chief executive takes over for Mike Holm
Global container volumes hit fresh record as momentum shows signs of easing Sector displays resilience but slowing growth and rising freight costs could signal change
Matter of time: VLCC owners hold out for $300,000 per day for one-year fixes Brokers see stalemate in time-charter market as spot rates soar
Torm hikes profit forecast by $300m in exceptional product tanker boom Danish owner raises 2026 forecast as rates expected to stay strong
Serial shopper Devbulk buys handysize bulker from Denholm Shipping Istanbul-headquartered owner-operator has bought 13 bulkers in the past four years
Danaos mulls Oslo listing for 15-strong bulker fleet Owner intends to move its capesizes and newcastlemaxes into separate company
Video: Tanker narrowly escapes Bosphorus crash after losing control Dramatic footage shows Malta-flagged tanker precariously drifting in busy waterway
CMB.Tech linked to rare capesize sale at market-beating price Greek and US brokers reporting $40m deal for 2011 ship
Gulf oil spills rise in most dangerous quarter for shipping in recent history Data firm Windward reports a huge risk to the merchant fleet from different navies
Middle East VLCC squeeze now radiating outwards, says JP Morgan Analysts say what began as a regional shortage is now much wider
OOCL posts 45% revenue surge on transpacific strength Booming transpacific trade drives strong growth across major east-west routes
Shadow tanker released by Sweden after seven months' detention Product tanker arrested in March is now registered with Equatorial Guinea
Navios to buy back interest-paying US share series Depositary stock has been delisted since 2024
Shell and Singapore LNG ship in first bio-LNG volumes Island republic breaks ground on third jetty, which will be dedicated to small-scale and bunkering business
Massive profit awaits DHT Holdings as spot average eclipses $500,000 per day Third-quarter earnings could come in stronger than expected, too
Greek shipowner Petros Panagiotidis reveals stake in Trafigura VLCC spin-off LPG carrier owner Robin Energy took part in Volare Shipping IPO
Iran expands maritime blacklist to 100 vessels after flurry of attacks Adnoc L&S, KOTC and MSC/Sinokor feature most prominently among firms defying Tehran's writ in the Strait of Hormuz
AP Moller-Maersk set for higher profit after stellar third quarter, says Clarksons Investment bank concerned about vessel supply outstripping demand
Shipping rates hit record high for fifth successive week, Clarksons says Exceptional tanker markets continue to push the overall index to new levels
Star Bulk strikes new partnership with Japan's Itochu Corp Japanese conglomerate extends its policy of acquiring minority holdings in other firms' bulkers
Shipowner Cetus Maritime hires three major banks to lead Oslo listing effort Bulker player will acquire 16 vessels before listing
Spanish owner Elcano sells 'cash-burning' LNG carrier Divestment of 2003-built Castillo de Villalba will cover debt of $25m
Hafnia finance chief cashes in shares worth $530,000 after stock rally CFO still owns 563,544 shares and options
Fire burns on HMM container ship in the Indian Ocean All crew are safe and the ship's propulsion is reportedly normal, but its destination remains unclear
Tycoon Liu Jichun launched $100m takeover play for Chinese tanker owner Wideshine owner has been snapping up shares in the asphalt and bitumen specialist
Ashley Cadwallader back at Braemar as tanker director UK group reappoints Oil Brokerage tanker head 14 years after he left
Iran signals no Hormuz breakthrough despite claimed US concessions Tehran says Washington's response remains inadequate as tanker attacks continue across the region
Yangzijiang Maritime breaks into the kamsarmax bulker sector Ren Yuanlin-led company has ordered up to six newbuildings from a shipbuilding newcomer
UKMTO confirms drone attack off Oman as Hormuz crisis deepens Crew evacuation efforts continue as Iran signals no immediate breakthrough in reopening negotiations
Iran hits latest tankers as strikes reach 20 vessels in under two weeks IRGC claims burning tankers hit mines but Western sources blame 'unknown projectiles' for weekend incidents
Mexico trucker shortages, visa restrictions squeeze cross-border capacity North American cross-border trucking capacity is expected to remain constrained into 2027 despite softer freight demand. Executives at logistics provider TRAFFIX told FreightWaves driver shortages , regulatory restrictions and rising operating costs could limit the number of trucks available to haul goods between the U.S., Mexico and Canada. The challenges are being compounded by higher interest
State loan to aid Louisiana port's new rail connection A state agency is providing a $1 million loan to add a rail spur connecting the Port of Columbia to Union Pacific 's main line. Louisiana Economic Development awarded the loan under its FastSites program, helping close a funding gap on the $7 million project. The port, on a 400-acre site, has direct access to the Ouachita River and U.S. Route 165, and is adjacent to UP's (NYSE: UNP)Monroe Subdivi
OOCL revenue up 45.1% on trans-Pacific surge Orient Overseas Container Line reported a 45.1% year-over-year increase in third-quarter liner revenue to $3.28 billion, as higher revenue per container and increased cargo volumes drove gains across all four of its reported trade regions. OOCL handled 2.12 million twenty-foot equivalent units in the quarter ended Sept. 30, up 9% from a year earlier, according to an Oct. 9 operational update from
1 million boxes set new Los Angeles port record The Port of Los Angeles handled a record 1,042,652 twenty-foot equivalent units in September, marking the busiest month in its 118-year history as rising imports helped cap unprecedented quarterly and four-month cargo totals. Throughput exceeded the previous monthly record, set in July 2025, by more than 20,000 TEUs. The port handled nearly 3 million TEUs from July through September, its busiest
Freight Fraud Awareness Day returns as strategic cargo theft reshapes trucking Freight fraud can leave victims wondering whether anyone else has faced the same attack. Stolen identities, deceptive pickups and double brokering can strike businesses across transportation. Many companies never publicly discuss what happened afterward. Freight Fraud Awareness Day wants to change that. Freight Fraud Awareness Day returns Oct. 14 with advocates across transportation and insurance
The Hidden Business Risk Inside Fleet Compliance Many transportation executives seem to place vehicle compliance in the same mental category as expense reports and badge renewals. It's necessary, but it's largely forgettable and delegated to the back office. That might have made sense when fleets were smaller and simpler, but it breaks down as soon as a fleet crosses state lines, adds vehicles faster than it adds people, or absorbs another comp
Penske request for en banc hearing gets pushback from victim's estate Both sides in the closely watched federal appellate case involving companies in the Penske network of companies now have made their case to the Fifth Circuit, as it considers whether to take up a larger hearing on an issue that has enormous disruptive potential for broker and carrier liability. The plaintiffs in the case, all connected to the estate of Lyndon Dean Meyer who was killed in the acci
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