ABS and HD Hyundai Heavy Industries in U.S.-flagged tanker project ABS and Korea's HD Hyundai Heavy Industries Co. Ltd. (HD HHI) have signed a joint development agreement to support the development of a U.S.-flagged 50,000 DWT oil and chemical tanker. Under the
Saronic and Castelion aim to demonstrate hypersonic strike missile launch from MUSV Autonomous vessel innovator Saronic Technologies is joining forces with Torrance Calif.-based hypersonic missile developer Castelion. They plan to integrate Castelion's hypersonic strike missile Blackbeard with Saronic's medium unmanned surface vessel (MUSV) Marauder,
Podcast: What maritime employers need to know about noncompete agreements As federal enforcement priorities shift and state laws continue to evolve, maritime employers are facing new questions about the use and enforceability of noncompete agreements. In the latest episode of Marine Log's
Vard to build advanced new stern trawler for Norwegian owner Fincantieri reports that its Norwegian subsidiary Vard has signed a contract covering the design and construction of an advanced stern trawler for Ålesund, Norway-based fishing company Rosund Drift AS. The stern trawler
10,800 CEU PCTC Glovis Lighthouse starts maiden voyage Seaspan Corporation reports that the Glovis Lighthouse, the first in a series of 10,800 CEU (car equivalent unit) dual-fuel LNG pure car and truck carriers (PCTC) newbuilds, has embarked on its maiden
CU Lines to deploy vessels on Hercules service CU Lines will strengthen its involvement in the Southeast Asia-India/Pakistan Hercules service by deploying vessels on the route from July, as reported by DynaLiners. The carrier currently participates as a slot buyer but will upgrade its role by contributing two vessels to the joint HLS service operated alongside X-Press Feeders and T.S. Lines . CU Lines will market the service under the HLS nam
Gulftainer unveils Al Dhaid multi-modal trade corridor Gulftainer has announced plans to develop the Al Dhaid Multi-Modal Trade Corridor, a 150-hectare logistics hub with an annual capacity of 1.5 million TEUs, positioned as a capacity extension for Khorfakkan Port on the UAE's East Coast. Located approximately 50 kilometres from Khorfakkan, the development will physically integrate the port with the Etihad Rail network, creating a connected corridor
Ocean Terminal renovation reaches 55% completion at Port of Savannah The Georgia Ports Authority (GPA) has completed 55% of the renovation project at Ocean Terminal in Savannah. The nearly US$1.6 billion investment will increase the terminal's annual container capacity from 200,000 TEUs to 1.75 million TEUs. GPA said the project will help meet growing demand driven by population growth and manufacturing expansion across the U.S. Southeast. The authority has alread
ANL announces rate increase for Fiji-bound cargo ANL has announced a General Rate Increase (GRI) on shipments moving from North East Asia, South East Asia, the Indian Subcontinent, the Middle East and the Gulf to Fiji. The revised rates will take effect from July 1, 2026, and apply to both dry and refrigerated cargo. Under the new tariff structure, ANL will increase rates by USD 300 per 20-foot container and USD 600 per 40-foot standard and hig
Bangkok Port opens new cargo facility to improve efficiency The Port Authority of Thailand (PAT) has opened a new cargo-handling facility at Bangkok Port to improve efficiency and reduce congestion. The facility covers 22,000 square meters across Warehouses 8 and 9. PAT designed the site to streamline barge cargo operations, accelerate customs procedures and lower logistics costs. The new facility separates barge operations from international feeder vesse
Valenciaport reconfigures southern gate exit lanes Valenciaport has implemented a new lane configuration at the southern exit gate of the Port of Valencia, effective June 15, designed to improve traffic flow and organise departures according to vehicle type and operational category. The revised layout distinguishes between light vehicles, flatbed trucks, empty container trucks and loaded cargo trucks, with dedicated lanes assigned to each categor
Port of Rotterdam agrees development food hub expansion The Port of Rotterdam Authority, Necron Group and PTP Group have signed an issuance agreement for the development of 38 hectares of logistics infrastructure in Europoort dedicated to the storage and transhipment of chilled and frozen agrifood products. The project encompasses a new quay wall, cold storage warehouses, terminal facilities and an on-site energy supply, strengthening Rotterdam's posi
MSC shifts Ingwe hub call to Hambantota MSC Mediterranean Shipping Company will replace Colombo with Hambantota as the northbound Sri Lankan hub call on its Far East-South Africa Ingwe service, according to Alphaliner. Alongside the port change, MSC will increase capacity on the service by adding an additional vessel, bringing total deployment to 12 ships ranging from 5,500 TEU to 12,000 TEU. Following the network adjustment, the revis
Genoa and Misurata strengthen cooperation on port and logistics development The Ports of Genoa welcomed a delegation from the Misurata Free Zone as part of efforts to strengthen cooperation on port and logistics development in the Mediterranean. The visit took place at the headquarters of the Western Ligurian Sea Port Authority in Genoa. The delegation visited the port to learn more about Genoa's operations, infrastructure projects and future development plans. The initi
CMA CGM announces PSS from Asia to Europe and Mediterranean trades CMA CGM will introduce new Peak Season Surcharges (PSS) on shipments from Asia to North Europe, the Mediterranean and North Africa. The surcharges will take effect on 1 July 2026 and remain in force until further notice. For cargo moving from Asia to North Europe, CMA CGM will apply a surcharge of US$1,000 per TEU. The measure covers all Asian origins, including Japan, Southeast Asia and Banglade
HaminaKotka cargo volumes decline 11.5% in first five months of 2026 The Port of HaminaKotka handled 5.29 million tonnes of cargo between January and May 2026, a decline of 11.5% compared with the same period last year. Exports totaled 3.62 million tonnes, down 14.4% year-on-year. Lower volumes of dry bulk, sawn goods, wood pulp, paper and general cargo weighed on overall performance. Export dry bulk volumes fell 22.1% to 1.05 million tonnes, while paper exports d
CMA CGM announces new FAK rates on Asia-Europe and Europe-ISC trades CMA CGM has announced new Freight All Kinds (FAK) rates on several major trade lanes connecting Asia, Europe, the Mediterranean, North Africa, India and Pakistan. The new rates will take effect from 1 July 2026, with some measures remaining in place until 15 July 2026. Asia to North Europe CMA CGM will apply new FAK rates on cargo moving from all Asian ports, including Japan, Southeast Asia and B
Explainer: How efficiency rankings mask a deeper strategic reality The world's most efficient ports aren't just moving boxes faster they're reshaping who controls the arteries of global trade
The Fuzhou Formula: How China built the world's most efficient ports Global trade relies heavily on speed, predictability, and efficiency. When international shipping lines select transit routes, every extra hour a vessel spends idling at a marine terminal adds thousands of dollars in operational costs. According to the comprehensive global data published in The Container Port Performance Index (CPPI) 2025 by the World Bank Group and S&P Global Market Intelligence
NexusWave receives ClassNK cyber security certification Inmarsat Maritime's NexusWave connectivity service has received Cyber Security Type Approval from ClassNK. The certification confirms that the system complies with the latest International Association of Classification Societies (IACS) cyber security standard, UR E27 (Rev.1). ClassNK assessed NexusWave's onboard Information and Communication Technology (ICT) architecture and equipment before gran
KONGSBERG advances seabed mapping technology through Nautilus expedition KONGSBERG and the Ocean Exploration Trust (OET) have launched a new expedition to map unexplored areas of the Central Pacific seafloor. The Pacific Mapping (NA178) mission runs from 10 to 24 June aboard the Exploration Vessel Nautilus. The expedition marks the first deployment of KONGSBERG's EM 304 MKII multibeam echo sounder. KONGSBERG has placed three engineers onboard Nautilus for the 14-day m
GXO signs logistics agreement with L'Oréal in Central Europe GXO Logistics has signed a multi-year agreement with L'Oréal to support its logistics operations in Central Europe. The partnership covers Czechia, Slovakia and Hungary. It will support L'Oréal's growth in both retail and e-commerce channels. The agreement builds on a global relationship between the two companies that spans more than 15 years in the United States and Mexico. As part of the deal,
BIMCO adopts biofuel clause for time charter parties BIMCO has adopted a new Biofuel Clause for Time Charter Parties to support the shipping industry's transition to low-carbon fuels. The clause addresses legal and operational challenges linked to the growing use of biofuels in shipping. BIMCO developed the clause following consultations with shipowners, charterers, fuel experts and P&I clubs. The new framework provides clear guidance on the supply
Critical minerals reshaping global trade: UNCTAD The global race to secure critical minerals is reshaping trade flows, industrial policy and supply chains, creating new opportunities and challenges for the shipping industry, according to a new report from UN Trade and Development (UNCTAD). In its latest Global Trade Update, UNCTAD said demand for minerals essential to the energy transition and advanced technologies ...
Zhejiang Yonghang books up to six ultramaxes at Yangfan Chinese owner Zhejiang Yonghang Shipping has moved to expand its dry bulk fleet with an order for up to six ultramax bulk carriers at Yangfan Group. The two sides have signed a contract covering four firm 64,500 dwt vessels plus options for two additional ships, according to information released by the shipbuilder. The vessels have ...
Splash Wrap: Trading missiles The violent Hormuz shipping crisis made many headlines this week with fresh attacks between the US and Iran and tanker strikes off Oman that killed three seafarers. Hopes of a near-term resolution rose on Thursday after President Trump suggested a US-Iran peace deal could be signed as early as this weekend. Tehran was more guarded, ...
WTIV incident damages offshore wind blades at Port of Esbjerg High winds and poor weather conditions have caused an incident at the Port of Esbjerg, in which blades for an offshore wind farm were damaged, and the wind turbine installation vessel (WTIV) Brave Tern has been detained. On Wednesday morning, June 10, the Fred. Olsen Windcarrier-owned Brave Tern WITV struck Cadeler's Wind Keeper, a crane, ...
Genco softens poison pill stance US-listed dry bulk owner Genco Shipping & Trading has moved to reassure shareholders over its controversial shareholder rights plan, pledging to limit its use and seek investor approval for any future extension as its proxy fight with Greece's Diana Shipping enters its final stretch. The move came hours after Diana renewed its campaign ahead of ...
Pacific nations launch regional shipping body to modernise island fleets Seven Pacific island nations have signed the charter establishing the Pacific Blue Shipping Partnership (PBSP), a new international organisation aimed at transforming domestic shipping across Oceania through investment in cleaner vessels, maritime infrastructure and workforce development. Ministers from Fiji, the Federated States of Micronesia, Kiribati, Naoero, the Marshall Islands, Tuvalu and V
NGM cashes in on vintage cape The Greek capesize shake-out is accelerating as Nicholas George Moundreas remains one of the country's savviest asset players, making strong gains from flipping older ships in a historically firm capesize market. Sales registers show a raft of vintage bulkers have been saved from the breakers in recent months. Greek owner NGM stands out, linked to ...
TotalEnergies weighs exit from 1.5GW German offshore wind project TotalEnergies has confirmed it is in discussions with German authorities regarding the future of the 1.5GW NordseeEnergies 2 (NSE2) offshore wind project in the North Sea, citing concerns about delays and uncertainty over grid connection timelines. The French energy company said it is seeking clarity on the conditions under which it could potentially relinquish the ...
The emotional cost of keeping global trade moving Hard divorce data is sparse, but a growing body of research suggests that family separation, work-family conflict and mental-health strain are becoming a structural shipping risk. The shipping industry can tell you how many ships it has, how many seafarers it needs and how many containers it moves. What it still cannot tell you with ...
Fortescue fleet procedures revised after bulker lost propulsion off Port Hedland Fortescue's shipping arm has introduced fleetwide engine management changes after one of its bulk carriers lost propulsion while departing Australia's busiest iron ore export port. According to a final report from the Australian Transport Safety Bureau (ATSB), the fully laden FMG Nicola suffered an unexpected main engine shutdown while leaving Port Hedland in Western Australia ...
Why behavioural competence matters more than ever in modern maritime operations Somiyeh Djavanroodi, head of the Nautical Institute Academy, writes for Splash today. Shipping has always depended on competence. Technical knowledge, operational discipline and compliance with procedures remain fundamental to safe operations at sea. But as maritime operations become increasingly complex, it is becoming clearer that technical competence alone is not enough. Modern seafarers opera
Container spot rates still rising, heading toward Red Sea crisis highs In early February, Maersk executives were talking about the depth and duration of a looming downturn. Four months later, the...
APMT inaugurates $350m terminal in Brazil Brazilian vice-president Geraldo Alckmin called the new terminal a 'leap forward' for infrastructure in the northeastern state of Pernambuco
National security concerns prompt Baltic flag drive Norway, Sweden, Denmark and Estonia have all developed strategies to increase the number of ships registered under their flag, as...
Non-sanctioned Russian insurers increasingly cover Baltic transits Around one third of tankers transiting the Baltic now declare insurance from Russian or Russia-affiliated providers, as shadow fleet operators...
Hull war premiums rise sharply despite handful of Hormuz transits Iran and the Houthis double down as US ramps up actions, only days after official threat level lowered from 'critical'...
Tanker-by-tanker analysis exposes who dares use Iran's Hormuz Lanes - and who hides A tanker-by-tanker analysis shows Western and MEG vessels have chosen to go dark to hide their routes, amid a covert...
Genco signals openness to other bids as Diana takeover battle reaches critical phase Genco says it will consider any fully valued offer and scale back its shareholder rights plan, as the months-long takeover...
The Daily View: Closing constrictions
Middle East port update: Friday, June 12 Vessel movements in Bahrain have resumed. However, operations remain limited due to the current situation. BAPCO operations remain suspended
Onassis VLCC sails to Kochi with unexploded bomb on board Tanker Olympic Life reported an explosion on May 26 east of Muscat as it was exiting the Gulf of Oman...
US LPG exports hit new highs in May but June freight rates dip on narrowing arbitrages Continued routing around the Cape of Good Hope to avoid Panama Canal congestions has caused shortages in vessel availability with...
Daily Briefing As Hormuz saga twists and turns, crude tanker rates stabilise at lofty levels | Artificial intelligence hasn't killed marine underwriting.....
CMA CGM suspends trans-Pacific pendulum service The Marseille-based carrier has ended a 14,000-TEU per week service that called Asia and both US Coasts, deploying bigger ships on an existing East Coast service and a new West Coast express service.
CMA CGM suspends East Coast leg of around-the-world service The Marseille-based carrier has ended a pendulum service that called Asia and both US Coasts, deploying bigger ships on an existing East Coast service and a new West Coast express service.
UP imposes peak season surcharge on low-volume shippers It's been five years since Union Pacific instituted a surcharge this early in the year, a sign that the railroad expects shippers to continue to shift freight off the highway amid higher trucking and fuel costs.
Rail congestion adds to inland delays from India's Mundra Port Ocean carriers are warning shippers to expect additional costs and delays for shipments through India's busiest container port amid an influx of transshipment cargo rerouted due to the Middle East war.
Asia-Europe ocean shippers face hefty July 1 rate increases Encouraged by the stickiness of early June rate hikes, carriers are capitalizing on robust demand as an early start to peak season keeps ships full on North Europe and Mediterranean trades.
Trans-Pacific air cargo sees huge US demand for data center components The volume of high-tech goods from Asia to North America increased 70% year over year while US imports of e-commerce declined, according to aviation consultancy Aevean.
Journal of Commerce exec director Brooks retiring after storied career Chris Brooks rose from copy editor to co-running the Journal of Commerce and helping to build TPM into the largest shipping conference in the world during his 42-year tenure.
Minor dip in MPV freight rates belies trade lane imbalances Day rates out of Southeast Asia and China have remained firm, but it is a different story for charter fees out of Europe, the US, or the Mediterranean.
A Titanic 'failure': When JP Morgan was the world's biggest shipowner Legendary financier sought to rule the Atlantic liner trade
Wavelength podcast: War! Huh, what is it good for? Shipping! Plus, why Sea Cargo Charter benchmarks look stagnant and who ordered fully electric container ships
Carriers seize on early peak season to push rates higher Asia-Europe pricing tops last year's peak, but demand questions linger
Capital Clean-CMA CGM tie-up unveils first LNG bunker vessel charter Company confirms entry into new sector along with first newbuilding's employment
Three dead after supply boat and landing craft collide in Singapore Investigations into the incident still ongoing
Gunvor secures $1.4bn Asian credit facility as it attracts new banks Thirty-two banks syndicated for facility that was 71% oversubscribed
Cypriot owner takes over management of two Eletson Gas LPG carriers Acheon Akti denies broker reports that it has bought the pair
Container ship ordered in 2005 finally delivered Behram Box completed as revived charter market breathes life into long-stalled project
Thomas Cord's Eckship unveils order for six new heavylift ships German company's fleet will be expanded from 2028
Ship hit in Strait of Hormuz as Trump talks up peace prospects Iran confirms talks to settle peacefully are at an advanced stage
Johansson's Energifonden boosted by VLCC sale and bulker strength Swedish investor profits from strong tanker market and a rebound for kamsarmaxes
John Fredriksen doubles newcastlemax orderbook at Chinese yard Norwegian tycoon's Seatankers doubled an order for 211,000-dwt bulk carriers at Panjin Dajin to eight
Tanker hit by US missile in deadly attack heads to Oman port Family says chief engineer was inspecting generator when vessel was struck
Mining major Fortescue boosts safety checks after giant bulker engine shutdown Australian group stepping up inspections of emergency oil pressure system after 2025 incident
Iran declares Strait of Hormuz fully shut again after new wave of US airstrikes US military, however, rejects Iranian claim of control and insists the waterway remains open
Three shipping winners and one loser if Hormuz reopens Industry could enjoy up to a year of upside from pent-up demand and vessel dislocation
'There will be a lot of charter disputes': Cetus shuns Middle East Gulf trades Minor bulk operator says losses from Hormuz crisis will fall between 'innocent parties'
'War not a blank cheque to strip seafarers of their rights', says ITF More than 20,000 seafarers remain stranded in the Persian Gulf, ITF observes
Soechi Lines set to bank hefty profit from VLCC sale Indonesian owner takes advantage of price hikes for even the oldest large tankers
Onassis VLCC sailed for four days with Iranian missile lodged in fuel tank Vessel was sailing for four days with a projectile lodged in its fuel tank
Timing, timing and timing: Pareto banker says shipping equity window is wide open Shipowners told to prepare well in advance for equity raises
Grieg and Westfal-Larsen families back maritime battery technology start-up Nereida Energy raises $3.4m from Norwegian investors
Thomas Cord's Eckship unveils order for six new heavy-lift ships German company's fleet will be expanded from 2028
Fresh clashes claimed in Strait of Hormuz as Trump talks up peace prospects Iran confirms talks to settle peacefully are at an advanced stage
Genco to roll back poison pill as it vows to consider rival bids US owner responds to criticism from Greek rival and proxy adviser
Vertom and UAL set course for merger to create multipurpose shipping group Combination is expected to be completed in second half of 2026
Johansson's Energifonden boosted by VLCC sale and bulker strength Swedish shipping investor profits from strong tanker market and a rebound for kamsarmaxes
Hong Kong seeks to revitalise maritime sector with lower taxes Shipowners' association praises proposed changes
Petronas trading arm fixes N2 Tankers newbuilding Petronas' trading and marketing arm has fixed the brand new Pusaka Jaya for $65,000 per day
Converted bulkers to be chartered for X-Press Feeders liner service Bulker owner looking to cash in on booming boxship charter market and asset values
Rio Tinto Shipping selling half its owned bulkers Yasa steps in as mining giant sheds older newcastlemaxes
Gunvor arrests multipurpose ship in Singapore over 'missing' gold concentrate Trader alleges cargo shortage after shipment to China
Nominations opening soon for 2027 FreightTech Awards This fall, FreightWaves will host its annual Future of Freight Festival (F3) in Chattanooga, Tennessee, culminating in the prestigious 2027 FreightTech Awards dinner. Now in its ninth year, the FreightTech Awards program is widely regarded as the premier recognition honoring the most disruptive technology companies and forward-thinking transportation providers in North American freight. The road
Mid-term money-saver: DOT wants to pre-screen containers to speed supply chain The U.S. Department of Transportation today unveiled the American Supply Chain Sovereignty Initiative, which would pre-screen import containers as a way to streamline freight movement through the supply chain. The project would feature a dashboard connecting logistics hubs, transportation providers and retailers. The announcement was made Friday by Transportation Secretary Sean Duffy during a vis
RXO's debt rating at S&P holds; so does its negative outlook RXO's debt rating has been affirmed by S&P Global Ratings, but the 3PL still is carrying a negative outlook from the agency. The action is notable in part because S&P Global is taking a conservative stance about the direction of the freight market. "It is unclear if the recent rebound in trucking pricing is sustainable," the agency said in its accompanying commentary, a factor in holding the rati
Like trucking and railroads, shipping struggles in fight for talent, aging workforce Shipowners and operators are challenged with a global fight for talent in an industry that relies on 2 million men and women to crew the world's fleet of commercial maritime vessels. "This could hardly be more topical at a time when around 20,000 seafarers are stuck in the Persian Gulf," said Paul Pathy, president of the Baltic and International Maritime Council (BIMCO), at the group's seminar in
Canada Post to end door-to-door delivery for 620K addresses by 2027 Canada Post on Thursday said it will convert 485,000 additional addresses in 37 communities from door-to-door delivery to community mailboxes in 2027, as part of a recently approved restructuring initiative aimed at modernizing the postal service and restoring its financial health. The planned change in mail delivery service is on top of the 136,000 addresses Canada Post previously said would be
The Faster Labor Contracts Act passed the House I come from some really wild people and some really wild stories. My paternal grandfather, Jack Emerson, was a farmer in VA who helped raise me on their farm with his daughter. My Dad's paternal grandfather, Irvin Carpenter, became the subject of a Supreme Court case that held that not declaring all marital assets voids prenuptial agreements. The most notorious was my mother's European side and m
Mexico holds top US trade spot, as Trump raised doubts on renewing USMCA Mexico remained the largest U.S. trading partner in April, extending a streak that began in 2023 and highlighting the continued strength of North American supply chains. The surge in cross-border trade continues despite growing uncertainty surrounding the future of the United States-Mexico-Canada Agreement (USMCA) trade pact, according to President Donald Trump. On Wednesday, Trump said the U.S.
Can freight balance speed and security? Disclosure: Phillip Brink is the host of the Fraud Watch Podcast, the FreightWaves program recapped in this article. As host, Brink has a professional stake in the program's reach and visibility. He has no commercial relationship with Malcolm Harris or What the Truck beyond their participation in this recorded conversation. Program Recap: This article summarizes a conversation from an episode of
Volvo Autonomous Solutions to remove safety drivers in Q1 2027 Volvo Autonomous Solutions plans to remove safety drivers from its autonomous trucks and begin fully driverless operations on U.S. highways in the first quarter of 2027. The company detailed its timeline and scaling ambitions at Volvo Group's recent Capital Markets Day. It aims to have more than 300 autonomous trucks operating by the end of 2027, with industrial scaling beginning in 2028. Revenue
Amazon's LTL gap has a name: Forward Air The fastest way for Amazon to add a premium expedited tier to its new national LTL network is to buy the one carrier already built for it - and already on the auction block Amazon (NASDAQ: AMZN) opened its less-than-truckload network to all businesses this week, and the market reaction was muted. Shares of the publicly traded LTL carriers slipped about 5% on the day - a modest move for a group th
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
