Diversified Marine completes M/V Larry Gravely towboat A new towboat built by Diversified Marine in Houma, La., has been equipped with main engines supplied by Laborde Products. The M/V Larry Gravely is a twin-screw vessel designed for inland waterway
CENTCOM: No ships got past blockade of Iranian ports on first day In a post on X, CENTCOM says that, during the first 24 hours of its being in place, no ships made it past the U.S. blockade of Iranian ports and six merchant
Meyer Werft opts for Steelpaint system for dry dock wall refurbishment \A major refurbishment program is underway at Meyer Werft in Papenburg, Germany, where 7,600 square meters of dry dock sheet pile walls are being recoated using Steelpaint GmbH's Stelpant corrosion protection system.
Op-Ed: Net zero by 2050? This decade's fuel choices will decide Green-hydrogen based synthetic fuels are stalled by a coordination problem across industries. Pooling demand and investment across sectors could unlock the production scale needed for shipping and other hard-to-abate industries, while strengthening
New Meriaura open deck carrier will feature Wärtsilä propulsion solution An advanced 6,800 dwt open deck carrier recently ordererd by Finnish short-sea operator Meriaura at China's Jiangsu Zhenjiang shipyard will have a fully integrated Wärtsilä propulsion solution. The 120 meters long and
FMD's Vestdavit unveils new AutoHook LARS interface Beloit, Wis.-headquartered Fairbanks Morse Defense (FMD) has today introduced AutoHook, a first-of-its-kind fully autonomous vessel recovery interface. Developed by FMD's Norway-based business, Vestdavit. AutoHook is a cornerstone capability in establishing a new
Port of Montreal secures loan for Contrecœur expansion The Canada Infrastructure Bank has agreed to provide a CA$ 1.16 billion loan to the Montreal Port Authority for the Contrecœur expansion project, marking a decisive financial milestone for one of Canada's most significant port infrastructure investments. The announcement was made at the project site by Prime Minister Marc Carney, alongside federal and provincial ministers and MPA Board Chair Nath
Georgia Tech Research confirms Port of Savannah as most cost-effective gateway New research from Georgia Tech's Supply Chain and Logistics Institute has found that routing cargo through the Port of Savannah saves shippers more than US$ 1,000 per container compared to West Coast gateways for shipments destined for Atlanta, Memphis and Nashville. The study, conducted by PhD students and professors at the institute's Physical Internet Center, is titled Gateway Choice is a Tota
Valenciaport's Ecoport II companies exceed environmental targets Companies participating in the Ecoport II group, led by Valenciaport, have delivered measurable environmental improvements across the ports of Valencia, Sagunto and Gandia during 2025, surpassing the voluntary targets set at the beginning of the year across multiple categories. The group comprises 38 companies from the port community committed to improving environmental performance beyond the req
WPU plans recycling facility at port of Rotterdam WPU, the plastics recycling division of energy and commodities group Vitol, has announced plans to construct a chemical recycling plant for end-of-life plastics at the Port of Rotterdam, adjacent to Vitol's existing refinery VPR. The proposed facility would have an annual processing capacity of 80,000 tonnes of post-consumer end-of-life plastic, positioning it as one of the largest chemical recyc
Hormuz Strait: Blockade scope vs. operational reality A US enforcement blockade , a NATO refusal, and a European escort initiative in gestation the Strait of Hormuz now has three competing governance frameworks and no functioning commercial passage
Genco Shipping rejects Diana Shipping offer in shareholder dispute On April 13, 2026, Genco Shipping & Trading Limited rejected Diana Shipping Inc.'s $23.50 per share all-cash offer. Genco issued a statement to shareholders and urged them to ignore Diana's letter. Genco said its Board and management focus on maximizing shareholder value. It called Diana's proposal inadequate and said it undervalues the company. Genco said the offer falls below analyst net asset
SCA rescues crew after barge fire in Suez waiting area The Suez Canal Authority (SCA) successfully responded to a fire on the barge SUEZ 2 in the Suez waiting area. Its salvage units rescued crew members and safely transferred the cargo. The fire broke out while the barge was transferring an oil shipment to the vessel RAWAN in the E10 waiting area, outside the Canal's navigation waterway west of the Gulf of Suez. The SCA acted immediately after recei
Port of Los Angeles closes first quarter with decline The Port of Los Angeles processed 752,520 TEUs in March 2026, a 3% decrease compared to March 2025, when shippers had front-loaded cargo in anticipation of rising tariffs. First-quarter total throughput reached 2,388,843 TEUs, consistent with the port's five-year quarterly average and reflecting steady underlying performance despite a volatile trade environment. March loaded imports totalled 380,
Study quantifies economic impact of DP World's Batangas port operations Independent research commissioned by DP World has quantified the economic contribution of the Batangas Integrated Port in the Philippines, revealing that operations at the facility support 2,340 jobs nationwide and generated approximately US$ 27.8 million in economic activity in 2024. The port is operated by Asian Terminals Inc., DP World's local partner in the Philippines. Of the 2,340 jobs supp
Eimskip cleared as prosecutor files charges against company The Icelandic District Prosecutor has discontinued its investigation into the Chief Operational Officer of Eimskip in connection with the sale of two vessels, bringing the case against the executive to a close. The investigation was originally launched following a report submitted in 2020 by the Environment Agency of Iceland. With the decision to drop the case, the executive's status as a defenda
MSC transfers ownership to next generation of Aponte family Mediterranean Shipping Company has announced the transfer of ownership from its founder, Captain Gianluigi Aponte , to his children, Diego Aponte and Alexa Aponte . The transition took place during the last quarter of 2025 and marks a key milestone in the history of the Geneva-based shipping group, ensuring continuity under the next generation of family leadership. Diego Aponte, currently serving
MSC updates emergency fuel surcharge Mediterranean Shipping Company (MSC) has announced an update to its Emergency Fuel Surcharge (EFS), citing ongoing disruption in the global fuel market linked to recent developments in the Middle East. The situation has led to a sharp increase in marine fuel prices and disrupted the normal distribution of bunker supply, reducing availability at key sourcing locations and increasing operating cost
ONE launches MAX service Ocean Network Express has announced the launch of its new Mediterranean Africa Express (MAX) service, aimed at strengthening connectivity between key regions including Far East Asia, Northern Europe and West Africa. The new service is designed to enhance network efficiency through the use of Algeciras and Tangier as strategic transshipment hubs, offering improved transit times and increased capac
Maersk revises cargo insurance and cargo care rates Maersk has announced a revision of its Maersk Cargo Insurance and Maersk Cargo Care rates for ocean shipments loaded or discharged in ports across Saudi Arabia, the United Arab Emirates, Lebanon and Israel. The updated pricing will take effect from April 13, 2026 for non-FMC trade lanes and from May 13, 2026 for FMC-regulated trades, and will remain in place until further notice. According to the
Readers Speak: Uncertainty clouds return to Strait of Hormuz Uncertainty shapes industry sentiment Recent vessel transits through the Strait of Hormuz have raised questions about whether container carriers are beginning to return. In the latest Readers Speak poll, participants were asked whether these crossings signal a cautious normalization. The response highlights a clear theme: uncertainty remains the dominant view across the industry . CMA CGM vessel
"K" LINE takes full ownership of Wind Service subsidiary Kawasaki Kisen Kaisha ("K" LINE) has acquired full ownership of K Line Wind Service (KWS), making it a wholly owned subsidiary. The company purchased all remaining shares from Kawasaki Kinkai Kisen Kaisha , which previously co-owned KWS as part of a joint venture. The transaction was completed on March 31, 2026. Strengthening offshore wind business KWS was established in 2021 to support the growi
Evergreen approves order for six new ships Taiwanese container carrier Evergreen has formally approved an order for six ultra-large container vessels, according to Dynaliners. The newbuildings, each with a capacity of 24,000 TEU, will be constructed by South Korean shipbuilder Hanwha Ocean and will feature LNG dual-fuel propulsion. The price per vessel is expected to range between USD 262 million and USD 295 million, underlining continued
Dolphin Drilling lines up $230m semisub contract Oslo-listed Dolphin Drilling has moved closer to securing fresh work for its semisubmersible Borgland Dolphin, signing a letter of intent with an undisclosed client. The potential contract is valued at around $230m and is set to start in the second half of 2027, rolling straight on from the rig's current job with Repsol. If finalised, ...
Performance Shipping offloads ageing aframax in $42.6m deal with Trafigura Nasdaq-listed Greek tanker owner Performance Shipping has agreed to sell its oldest vessel as it continues to reshape its fleet. The 2010-built aframax P Aliki has been picked up by Trafigura Maritime Logistics in a deal worth $42.65m. The 105,300 dwt tanker is expected to change hands by the end of the third quarter of ...
CMA CGM adds distribution muscle with Fattal acquisition France's CMA CGM is expanding further beyond shipping, striking a deal to acquire 100% of Fattal Group in a move aimed at tightening its grip on downstream supply chains. The deal will see the Marseille-based liner giant take full control of the Lebanon-rooted distribution business, with completion expected in the third quarter of 2026, subject ...
AD Ports eyes Black Sea foothold with Constanta tie-up AD Ports Group is looking to expand its footprint into Eastern Europe after signing a framework agreement with National Company Maritime Ports Administration SA to explore opportunities at the Port of Constanta. The Abu Dhabi-listed group said the deal sets the groundwork for potential investments in both new and existing infrastructure, alongside plans to roll ...
Transocean locks in $445m Petrobras drillship extension Switzerland-based offshore driller Transocean has secured more work in Brazil, with Petrobras extending the contract for its ultra-deepwater drillship Deepwater Corcovado. The 1,156-day extension will run in direct continuation of the rig's current programme and is expected to add about $445m in backlog, keeping the unit busy through November 2030. There is, however, a short-term ...
Eimskip exec off the hook as prosecutors press ahead with corporate charges Icelandic liner and logistics group Eimskip has seen a key part of a long-running ship sale investigation fall away, after prosecutors dropped the case against its chief operating officer. The Icelandic District Prosecutor has discontinued its investigation into the executive Hilmar Pétur Valgardsson, ending his status as a defendant in a probe that dates back ...
Installation of two Argentina FLNGs goes to CoreMarine and Jumbo CoreMarine and Jumbo Offshore have won a contract to perform the transport and installation of the SSY mooring system and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina's Golfo San Matías. The contract has been awarded by Southern Energy and its consortium partners - Pan American Energy, YPF, Pampa Energía, ...
Hormuz day 46: blockades and backchannels Diplomatic hopes flickered on Tuesday as Pakistan said it has proposed a second round of talks between Washington and Tehran, with multiple officials confirming that discussions about fresh in-person negotiations are already underway - even as the US naval blockade of Iranian ports enters its second day and the Hormuz crisis approaches its 50th day. ...
MSC-linked group pushes ahead with $5bn Vietnam port scheme A consortium led by Vietnam Maritime Corporation and MSC's Terminal Investment Limited (TiL) has secured approval to develop the long-planned Can Gio International Transshipment Port, marking a major step in Vietnam's push to become a regional container hub. The project, backed alongside Saigon Port (SGP), will span around 571 hectares in Ho Chi Minh City ...
TotalEnergies teams with Turkish Petroleum on Black Sea exploration French energy major TotalEnergies and Turkish Petroleum have signed a memorandum of understanding on exploration opportunities. The agreement provides a framework for technical collaboration, including a joint assessment of exploration opportunities in Turkey's Black Sea region and internationally. "We are pleased to launch this cooperation with TPAO, leveraging the technical expertise of both co
TGS wins new offshore wind survey contract in Europe Oslo-listed seismic data specialist TGS has been awarded an offshore wind site characterisation contract in Europe. The Ramform Vanguard is scheduled to commence data acquisition in the second half of July, with a contract duration of approximately 1.5 months. "We are very pleased to have secured our third offshore wind site characterisation contract for the ...
Asyad backs digital bunker shift with AuctionConnect deal Asyad Shipping has signed a three-year strategic agreement with AuctionConnect to roll out a digital bunker procurement platform across its fleet. The Middle East shipowner will use AuctionConnect's auction-based system to conduct real-time negotiations among vetted suppliers, aiming to improve price transparency, governance and auditability in bunker transactions. The move forms part of Asyad's
'Silver tsunami' drives surge in shipping claims The shipping industry is facing a mounting insurance crisis as an ageing global fleet fuels a dramatic rise in claim costs, according to new data from the Nordic Association of Marine Insurers (Cefor). Published this week, Cefor's 2025 Nordic Marine Insurance Statistics (NoMIS) report reveals that ocean hull claims costs remain 33% above pre-pandemic levels, ...
Vineyard Wind files lawsuit to block GE exit from 800MW offshore wind project Vineyard Wind has filed a lawsuit in Massachusetts against GE Renewables, seeking to force the turbine manufacturer to stay on the Vineyard Wind 1 offshore wind project and carry out remaining work. The complaint, lodged in state court, centres on a roughly $1.3bn turbine supply and service agreement covering the design, manufacture, installation and maintenance ...
MSC hits 1,000 boxships In another milestone along its sensational growth path, Mediterranean Shipping Co (MSC) has become the first container carrier in the world to operate 1,000 ships, according to Asian container shipping consultancy Linerlytica. The delivery this month of the 11,480 teu MSC Migsan from China's Zhoushan Changhong shipyard brought about the four-digit world-first for container shipping. ...
Hormuz closure pushes VLGC rates in US Gulf over $100K per day The Strait of Hormuz has never been closed before, so the shipping consequences have been hard to predict. One widely...
Signs of scramble from Iran-linked ships amid US blockade A US-sanctioned tanker that appeared set to challenge the US blockade made a U-turn on Monday, while US forces said...
Middle East port update: Tuesday, April 14 The instructions are that vessels must inform Salalah port control if any IMDG or military cargo is on board to...
Iran hits out at US, Israel and 'politicised' IMO Iran has used the IMO Legal Committee as an opportunity to accuse the US and Israel of unlawful military aggression...
Third successive year sees $50m-plus losses for marine hull Cost of claims now a third higher than before pandemic, says Cefor
'Do not be misled by Genco,' says Diana's Paliou Greek bulker owner seeks to counter 'misinformation' to shareholders as it intensifies pursuit of New York-listed rival
How do you transit through the Strait of Hormuz? We bring you insider insight into how vessels are making the trip through the chokepoint from our outlook event in...
Strong freight markets subdue recycling as high-value chemical tankers sold for scrap Sales of bulk carriers for scrap have especially taken a downturn, as a firmer Baltic Dry Index has encouraged continued...
US blockade complicates passage via Iran-approved 'safe' corridor In theory, a ship can exit the Strait of Hormuz via Iran's Larak Island if it doesn't call at Iranian...
Partial settlement of Baltimore bridge claim, but no details Mounting signs that compromise could be on the cards
Korea Shipowners' Association floats Iran transit fees as 26 vessels remain stranded in Hormuz South Korean government in direct talks with Iran over stranded vessels, with a special envoy sharing ship information to facilitate...
Iranian coast blockade to lift April's Red Sea crude loadings to new highs Tanker rates could stay elevated with additional war risk premiums and reduced tanker availability with a US Gulf repositioning en masse
The Daily View: Double trouble
Daily Briefing Double blockade piles more uncertainty on to shipowners | US blockade of Hormuz will steer more tankers toward Atlantic |...
NWSA knocks SSA for gate closures at its Seattle terminals The move comes amid softer volumes this year at the gateway, but NSWA's chief operating officer says now is not the time to "pull back" on service levels.
MSC's terminals arm extends Vietnam portfolio with new container port project The deal is the latest in a growing trend by cash-rich carriers to develop terminals, particularly in Asia and especially in Vietnam, as they move to secure access at key regional ports to gain preferential berthing rights and minimize delays.
Lower freight rates hit Q1 revenues for Taiwan's 'Big Three' carriers The three liners saw their first-quarter revenues come in between 9% and 21% lower than last year amid sharply softer rates on the key Asia-US and Asia-Europe trades.
Middle East-linked market ambiguity clouds India-US service contract plans Local BCOs are adopting a wait-and-watch strategy until there is greater clarity regarding cargo insurance costs and vessel passage through the Strait of Hormuz before committing to contract deals with carrier partners, sources say.
American Steel: How do you get king cargo to fall in line and choose US-flag ships? In this second edition of our newsletter on America's maritime sector, we explore the need for cargo demand to underpin US-flag shipping expansion. Keep reading for our interview with Trump's maritime administrator, details of a union proposal to tackle cargo demand, and a look at a tie-up between a shipbuilder and a deepsea miner.
Six ships 'turn back' after US blockade of Iranian ports US military says more than 12 warships are involved in operation to stop Iran-linked shipping
Aliki Paliou's Performance Shipping sells tanker that exited Strait of Hormuz last month Trafigura Maritime Logistics agrees to spend $42.7m on 2010-built tanker
Advantage Tankers turns to China for VLCC newbuildings It has ordered two dual-fuel ready VLCCs at Dalian Shipbuilding Industry Co
Wan Hai Lines bags hefty profit on sale of large container ship to CMA CGM Taiwanese liner logs $66m gain on disposals of three vintage boxships
UK seafarer training boosts economy by £500m-plus, report says Independent review identifies 'strong economic returns' from SMarT scheme
Iranian tolls? More US tanker chases? Strait of Hormuz blockade details trickle out Washington began its blockade yesterday while Tehran seeks to set up its toll booth
High-profile shipping banker detained in China CDB FL's director Xiong Jianfeng said to be held in custody
Liner operators snap up tonnage as SeaLead scales back operations Fleet of under fire Middle East liner company starts to shrink
Newbuildings fixed straight from shipyard as MR tanker rates surge past $100,000 Vessels can be contracted for a year at much less than spot levels
Energy trader Mercuria inks VLCCs as part of $650m tanker spree, sources say Swiss company signs up for crude carriers and LR2s in China
New study boosts emissions reduction potential for LNG as fuel by up to 29% Classification societies DNV and Lloyd's Register also release LNG fuelling reports as key IMO meeting approaches
How Strait of Hormuz closure is impacting different tanker markets With the main VLCC route blocked, smaller ships are proving more attractive to charterers
Eimskip operations boss cleared as corporate charges filed in scrapping dispute Probe into Icelandic executive dropped over sale of two container vessels in 2020
Bulker set on fire by Russian drone in wave of overnight attacks Cargo ship is also damaged in raid on port
Brokers fear global recession after Trump's latest Strait of Hormuz escalation Market observers wonder how much business there will be for ships if Middle East crisis drags on
Russian oil revenue doubles as Iran war delivers largest supply shock in history IEA reveals major upheavals in crude routes and trades since Middle East campaign began
US Navy seeks small-scale LNG carrier for Guantanamo Bay imports Regular deliveries from Jamaica are due to kick off this quarter
Klaveness Combination Carriers beats first-quarter guidance despite ship stuck in Gulf Norwegian owner books what analysts see as positive quarterly figures
Gianluigi Aponte's succession gift the largest in shipping history As MSC passes from Aponte to his children, the estimated $65bn to $90bn transfer of control raises an important question
Hafnia CEO Mikael Skov cashes in $8m shares after stock rally Skov still holds 3.4m shares, options and restricted share units
Genco and Diana trade blows in bitter takeover battle Bulker owner claims Greek rival's director nominees could approve cheaper takeover deal
Shipbroker Braemar brings in experienced former BP executive as head of gas UK broker says new LNG and LPG desk chief will lead the next phase of growth
Sanctioned Chinese tanker beats US blockade as another ship turns back Tracking data also shows a second blacklisted vessel entering the Strait of Hormuz
MOL tests upstream biofuel push with Indonesia coal site pilot Consortium move signals a growing shipowner focus on fuel supply control
Malaysia busts alleged diesel syndicate in ships seizure Authorities detain vessels, crews over suspected illegal ship-to-ship fuel transfer
Fujian Highton doubles down on fleet growth and new cargo niches Chinese bulker owner targets 100 ships while eyeing heavylift expansion
High-profile shipping banker and independent shipbroker detained in China CDB FL's director Xiong Jianfeng and broker Richard Li said to be held in custody
Yield discipline, fuel price surge driving LTL rates to new highs in Q2 Trucking rate indexes surged in the first quarter, propelled by a spike in diesel fuel prices amid dwindling truckload capacity. These trends are expected to continue to weigh on shippers' budgets as the freight cycle has now inflected, according to a quarterly report from 3PL AFS Logistics and financial services firm TD Cowen. Less-than-truckload rates remained elevated as carriers' focus on yie
Average March volume was actually good news for the Port of Los Angeles March imports were weaker year-on-year but the busiest U.S. container port still managed to play up to the back of its baseball card. The Port of Los Angeles handled 752,520 twenty foot equivalent units (TEUs) in March, off 3% from the same month a year ago as geopolitics and economic uncertainty overshadowed the beginning of the months-long run-up to the peak shipping season. Compared to 2025, w
UPS expands deployment of automated package sensors to improve tracking United Parcel Service said Tuesday it has completed the second-phase deployment of radio frequency identification package sensing technology across its small package network, boosting productivity by eliminating the need for handheld scans and giving shippers better ability to closely track the status of parcels from drop-off to delivery. RFID sensors are now installed in all UPS ( NYSE: UPS ) pa
The mounting risks of missed bypasses Why fleets use both mobile apps and transponders for bypass. What's unmeasured is unmanaged. Every fleet manages visible risks: rate swings, capacity shifts, regulatory changes. But there's another category of risk that gets far less attention. It's the quiet, steady drain of unplanned interruptions that cost time, fuel, and margin across daily operations. In today's fleet economy, with thin marg
U.S.-Mexico trade hits $73B in February as border capacity tightens Mexico remained the United States' largest trading partner in February, totaling $73.2 billion in two-way commerce, highlighting the durability of cross-border supply chains despite broader trade headwinds. Bilateral trade between the U.S. and Mexico was up about 7% year over year, maintaining Mexico's No. 1 ranking among U.S. trading partners, according to U.S. Census Bureau data analyzed by Wor
Cass data shows freight market tightens further in March March data from Cass Information Systems showed freight shipment declines narrowed while rates continued to move higher. Cass' ( NASDAQ: CASS ) multimodal shipments index increased 3% sequentially in March (up 1% seasonally adjusted), building on a 10.4% increase in February (plus-4.3% seasonally adjusted). The index was down just 4.5% year over year in the recent month, the smallest y/y decline
60 Minutes blows open notorious chameleon carrier network Rob Carpenter spent eight months wondering if CBS would make him look like a fool. The trucking safety consultant, FreightWaves contributor and 25-year industry veteran had never worked with a major television news crew before agreeing to help "60 Minutes." They were investigating chameleon carriers - the commercial trucking fleets that shed one identity for another after racking up flagrant safe
Merged UP-NS would control half of all rail freight: BNSF CEO MINNEAPOLIS - The proposed coast-to-coast merger of Union Pacific and Norfolk Southern is bad for the industry, a rival CEO warned, and would give the transcontinental behemoth a dominant 50% share of all U.S. rail freight. "We've had lots of opportunities to be very clear that we're opposed to this merger, and we don't think it's good for the industry," said Katie Farmer, chief executive of BNSF
California regulators have started a regulatory push on diesel TRU emissions A crackdown on diesel-powered transport refrigerated units (TRUs) in California has apparently begun without a formal announcement, as this small part of mostly sidelined California truck emission restrictions now has a mostly open field for enforcement. There are no new laws regarding emission restrictions on the TRUs that are powered by diesel engines. The last big overhaul was in 2022. Pages d
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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