DOI reimburses TotalEnergies $928.3M to pivot from U.S. offshore wind to oil and gas France's TotalEnergies said today that has signed settlement agreements with the United States Department of the Interior (DOI) to relinquish its Carolina Long Bay offshore wind lease (Lease OCS-A 0545) and its
Three trainees repatriated from Desgagnés vessels trapped in Persian Gulf With the Strait of Hormuz effectively closed, there are 20,000 seafarers trapped aboard ships in the Mid East. Thankfully, three of them are now safely home. Quebec City-headquartered Groupe Desgagnés reports that
Damen delivers ASD tug En Avant 19 to Muller Dordrecht Damen Shipyards Group has delivered an ASD Tug 2811 to Netherlands operator Muller Dordrecht. The ASD (azimuthing stern drive) tug, named En Avant 19, joins a number of Damen vessels in the
International launches new Intergard 6788 universal primer for newbuilds AkzoNobel's marine coatings brand, International has launched Intergard 6788, a new aluminum-pigmented universal primer developed to meet the demands of the global newbuilding market. The launch in Asia will take place at
Altius and Progeco open new cold storage facility at Port of Bilbao Progeco and Altius have opened a new cold storage warehouse at the Port of Bilbao . The facility is located in the ZAD-3 area. It includes a 300 sqm antechamber for receiving and dispatching cargo, and a 550 sqm storage area with capacity for 1,100 pallets . The warehouse will mainly handle frozen fish, seafood and meat. Progeco will manage operations. Altius, part of the Davila Group, will lead
Port of Oakland February volumes declined The Port of Oakland handled 163,254 TEUs in February 2026, a 14.5% decrease year-on-year and a 16.7% decline from January, as vessel activity contracted due to planned blank sailings tied to Lunar New Year factory closures in Asia. Vessel calls fell from 86 in January to 72 in February, reflecting carriers' pre-scheduled capacity adjustments aligned with the seasonal reduction in demand. Despite
MSC updates Emergency Fuel Surcharge for Europe & Black Sea MSC has updated its Emergency Fuel Surcharge (EFS) for trades between Northern Europe (including UK and ScanBaltic) and the North East Mediterranean, intra-Europe (short sea), and intra-Greece, Turkey, and Black Sea. The revised EFS applies from 6 April 2026 (B/L date) until further notice . EFS per TEU (USD / EUR / GBP) Trade Dry Cargo Reefer Cargo NWC, UK, ScanBaltic Greece, Turkey, Adriatic, B
Port of Lázaro Cárdenas formalises contract for Terminal IV development The Administration of the Lázaro Cárdenas National Port System has formalised a Partial Assignment of Rights Contract with Porter Lázaro Cárdenas SA de CV for the development of a new Multi-Purpose Terminal IV within the port area. The contract, resulting from public tender ASIPONA/LáZAROCáRDENAS/TUMIV/01/25, was signed on January 26, 2026 and registered by the General Directorate of Ports on Feb
DHL expands North America network for data center logistics growth DHL Supply Chain is expanding its data center logistics network in North America. The company will add 10 dedicated sites and more than 7 million sq ft of capacity in 2026. The new facilities target rising demand from hyperscalers and colocation operators. They will offer white-glove handling, rack pre-configuration and specialized transport. White-glove services protect sensitive equipment. Team
Port of Gioia Tauro secures funding for 5G network development The Port Authority of the Southern Tyrrhenian and Ionian Seas has won a competitive public tender issued by the Presidency of the Council of Ministers, securing approximately EUR€2 million in funding for the digital transformation of the Port of Gioia Tauro. The authority topped the evaluation rankings with a score of 94 points, earning funding under the Fund for Technological Innovation and Digi
Explainer: Why Lamu port steps into the void As the Strait of Hormuz collapses to near-zero traffic and the Red Sea remains fractured, Kenya's deep-water port on the Indian Ocean is absorbing rerouted cargo and beginning to test the limits of what a three-berth facility can do under pressure
Maersk shifts PANZ Service to Fenix Marine Terminal in June Maersk will relocate its PANZ service terminal in Southern California from the Long Beach Container Terminal to Fenix Marine Services Terminal. The change will take effect on 12 June 2026. The last vessel to call at Long Beach Container Terminal will be the CMA CGM Dutch Harbour , scheduled for 5 June 2026 . The first vessel to call at Fenix Marine Services Terminal will be the Fos Express , wi
Port of Arica boosts capacity with new Konecranes Mobile Harbor Cranes Terminal Puerto Arica S.A. has ordered two Generation 6 mobile harbor cranes from Konecranes to expand its handling capacity in northern Chile. The order was booked in the first quarter of 2026. The cranes are expected to enter service by January 2027 . The investment strengthens the role of the Port of Arica as a key gateway for cargo flows between Chile, Peru and Bolivia. The new Konecranes Got
Diego Garcia strike resets the threat calculus for shipping infrastructure Iran's ballistic missile salvos against the US base reaching targets 4,000 kilometres away expose every major port and logistics hub across the Indian Ocean to a category of risk the industry had not previously priced
EU clears CTT-DHL eCommerce Joint Venture The European Commission has approved the joint venture between CTT - Correios de Portugal and DHL eCommerce under EU merger rules. The clearance removes the main regulatory hurdle. The companies will now complete the remaining steps to finalize the transaction. They expect to close the deal in May 2026 , subject to approval under the EU Foreign Subsidies Regulation. The partnership will strengthe
Trump issues Hormuz ultimatum as deadline nears - UPDATED Donald Trump has issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz , warning of military action against the country's energy infrastructure. The deadline is now approaching, increasing pressure on global shipping and energy markets. Trump said the United States would "hit and obliterate" Iran's power plants, starting with the largest, if the strait is not fully reopened without th
Readers Speak: Cape routing emerges as the safe bet for carriers A new wave of maritime security incidents near the Strait of Hormuz, including confirmed attacks on multiple vessels and a Hapag-Lloyd ship struck by projectile fragments , has once again placed Middle East trade lanes under pressure. With tension rising, we asked readers: How should carriers respond to escalating attacks near the Strait of Hormuz? The responses reveal a clear shift in industry s
Record rail volumes at port of Gothenburg Rail freight between northern Sweden and the Port of Gothenburg reached record levels in 2025, with container volumes on northern rail connections exceeding 72,000 TEU for the year. The result marks the strongest performance on record for container transport between the port and inland rail terminals across the northern region, reflecting a doubling of volumes over the past five years. Two termin
Mexico's Interoceanic Corridor nears 2026 launch Mexico has entered the final phase of the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT). The government and President Claudia Sheinbaum confirm that the project remains on track for full operations by June 2026. The corridor will function as a multimodal "dry canal." It is shifting from construction to full logistics operations. It aims to compete with the Panama Canal . Automotive L
APM Terminals invests in major Phase III expansion at Lázaro Cárdenas APM Terminals Lázaro Cárdenas has inaugurated the second phase of its container terminal and confirmed the immediate start of Phase III. The new stage comes with an investment of more than USD 350 million , reinforcing the port's role as a strategic trade hub on Mexico's Pacific coast. Phase II, built with an investment of over USD 140 million, expands the terminal to 65 hectares and increases a
Seaway7 promotes insider Lloyd Duthie to CEO role Subsea7's renewables arm Seaway7 has appointed Lloyd Duthie as chief executive officer, effective April 1, as part of a wider leadership reshuffle within the group. Duthie will take over from Stuart Fitzgerald, who is moving up to become CEO of Subsea7, a transition announced earlier this month. The incoming chief brings more than 25 years ...
Diana secures improved kamsarmax earnings with NYK Greek owner Diana Shipping has secured an improved rate for one of its kamsarmax bulkers, extending the deal with Japan's NYK. The New York-listed company said the 2013-built, 82,131 dwt Myrto will continue on charter at a $16,650 per day, minus a 5% commission, with the new period running from April 7, 2026 through to ...
TS Lines expands boxship orderbook with $168m Mawei deal Taiwanese carrier TS Lines is adding more tonnage to its fleet, signing up for 2,900 teu containerships at China's Fujian Mawei Shipyard in a deal worth $168.6m. The Hong Kong-listed intra-Asia operator has contracted four firm vessels, with deliveries slated by May 2029, further building out its feeder fleet. The latest order follows a pair ...
Iran signals possible indefinite Hormuz closure The fourth week of war between Iran and the US/Israeli coalition reaches a critical juncture tonight as Donald Trump's 48-hour ultimatum to Tehran expires, with the US president threatening to "obliterate" Iranian power plants unless the Strait of Hormuz is fully reopened - a demand Iran has met with a counter-threat of complete, indefinite closure. ...
PSV pair secured as Adura ramps up offshore drilling activity Adura, the new UK-based joint venture between Shell and Equinor, has hired two platform supply vessels (PSVs) to help with offshore operations. The 2010-built Remøy Shipping-managed vessel Songa Commander will support the drilling development at the Rosebank field, West of the Shetland Islands. The contract has a duration of about 500 days, covering seven development ...
CNOOC names Huang Yongzhang as CEO CNOOC, China's third-largest oil and gas producer, has appointed a new chief executive officer (CEO). The company appointed Huang Yongzhang as its vice chairman, executive director, and CEO. He was also named as president of the company and a member of the strategy and sustainability committee. He succeeds Zhou Xinhuai, who left the position in ...
Cadeler arm wins offshore wind O&M deals in Japan and Taiwan Cadeler's service arm, Nexra, has signed two firm operations and maintenance (O&M) contracts in Japan and Taiwan. The campaign in Japan is scheduled to commence in the spring of 2026 and is expected to run for approximately 1-2 months. The contract value is undisclosed. The work will be executed by the vessel Wind Zaratan, which ...
Ukraine strikes Primorsk port Ukraine has struck the port of Primorsk, Russia's largest oil-loading terminal on the Baltic Sea, with long-range drone attacks, igniting a fire at the facility that processes up to 1.5m barrels of oil and oil products per day. The overnight strike on March 23 was part of a massive coordinated drone assault across multiple Russian ...
Will it be onwards and upwards for the dry bulk market in 2026? The sector has surprised to the upside in Q1 - can the market manage downside risks to post more gains in 2026 asks Will Fray, a director at Maritime Strategies International. While recent events in the Middle East have disrupted global shipping, the dry bulk market has remained relatively insulated compared to its peers. In ...
New high for Atlantic product tanker rates amid worries on fundamentals Tuesday's plunge in crude pricing brightened sentiment on the Middle East crisis. The scramble for product tankers in the Atlantic...
'Zombie' tankers take Tehran Toll Booth route as more vessels make detour Lloyd's List Intelligence data shows the pace of vessel transits across the Strait of Hormuz picked up over the weekend...
Is freedom of navigation under threat? Lloyd's List editor-in-chief Richard Meade returns to the subject of freedom of navigation in an even more volatile landscape than...
Shipping won't fix its methane slip without regulation, says industry group The MAMII gas lobby group wants the EU to consider specific regulatory credits for reducing methane slip, saying there is...
Middle East Gulf conflict disrupts project cargo and heavylift vessel sector as ships immobilised Major operators, including AAL Shipping, Cosco, and HMM have vessels anchored in the region awaiting safer conditions
Chinese boxship pays Iran for Hormuz passage as corridor traffic grows Iran's pay-to-pass corridor gains traction as first confirmed Chinese vessel makes transit
Stricken LNG carrier to be towed to Libyan port Libya's National Oil Corporation has announced it will tow Arctic Metagaz to a Libyan port alongside Italian oil major Eni
Primorsk hit by Ukrainian drones The attacks on the Baltic port damaged a fuel tank and caused a fire at the port, with firefighting efforts...
The week in newbuildings: Tankers provide majority of activity The crude oil tanker sector dominated activity, with eight vessels contracted in the suezmax and very large crude carrier segments
The Week in Charts: Iran establishes 'safe' shipping corridor for approved and paid for transits | Yanbu loading risk rises as Iran targets energy infrastructure Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Middle East port update: Monday, March 23 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice in response...
China summons Maersk again amid Panama port tensions Analysts say talks are a form of controlled signalling to avoid escalation
The Daily View: New age of sea power
Daily Briefing Shipping risk rises as Iran and US trade threats over Strait of Hormuz | China's Panama-flag crackdown worries financiers and...
FMC rejects requests by carriers to waive waiting period for Middle East surcharges The decision means CMA CGM, Hapag-Lloyd, Maersk and Zim will be forced to wait until early April before implementing surcharges meant to recoup higher operating costs associated with the war in the Middle East.
Houston cuts free time on reefer importers amid ongoing high dwells Reefer shipments into the port, while still small, have been growing faster than overall cargo, forcing port officials to deal with more long-dwelling containers.
New shipping crisis brings 'resilience' question to the fore again The closure of the Strait of Hormuz is the latest disruption to global shipping, highlighting once again that the market would rather ride out the problem than pay for the resilience that could bring relief, analyst Lars Jensen writes.
Game on: Diana Shipping makes official proxy challenge to target Genco's board Move seeks to unseat all six Genco directors
Global energy crisis prompts IEA talks with Asia and Europe to release more stockpiled oil But the only way to get back normal is reopening the Strait of Hormuz
Nordic American gets boost from 'tumultuous' market as suezmax fixed at $175,000 per day Herbjorn Hansson says first-quarter result will be much better than the preceding three months
War pushing tanker values even higher - as long as Strait of Hormuz opens soon Valuations had already jumped following Sinokor spending spree
Cuba-bound tanker diverts to Trinidad as fuel crisis deepens Hong Kong-flagged Sea Horse appears to pull out of Havana docking
Iranian Navy guided gas carrier through Strait of Hormuz with AIS off, officer says Transit took longer than usual as GPS was also not used due to jamming
German shipowners call for maritime 'national service' amid Iran war 'Not only soldiers, but seafarers' are needed as Gulf tensions grow, association says
Greece's biggest ferry operator unveils flurry of sale-and-purchase deals Europe's biggest coastal shipping market faces upheaval amid new environmental rules and rising bunker prices
Gard reports hefty profit in volatile shipping markets Newly acquired offshore insurance arm posted losses in first year
Venture Global moves to cash in on Middle East Gulf LNG outage US producers stand to gain as buyers seek replacement volumes
Aramco Red Sea VLCC port 'like a supermarket car park before Christmas' Saudi Arabia is desperately trying to make up for lost Gulf cargoes by sending more oil to alternative outlets
Trump takes Strait of Hormuz ultimatum off the table in latest U-turn in Iran war US will not attack any Iranian energy infrastructure for five days
Celsius Tankers books in LNG newbuilding duo as it boosts fleet to 26 ships Company snares early delivery slots at shipyard
How Iran war energy-supply shock could be a boon for Australia-bound product tankers Move could see MR rates surge on Singapore to Australia route and vice versa for LNG carriers' freight, analysts tell TradeWinds
Regional Container Lines profit halved as freight rates weaken Thai carrier warns of 'excessive capacity' as profit slump
'Short-sighted to write off' Sinokor suezmax swoop, Fearnleys says Following the South Korean shipowners' headline-making VLCC deals, attention could be turning to suezmaxes
John Fredriksen's Seatankers books a raft of VLCCs and newcastlemaxes at surprise shipyard A private company is said to have penned up to eight 210,000-dwt bulk carriers at the Chinese shipyard
Libya set to take on explosion-hit Russian shadow LNG carrier Action is designed to limit potential environmental damage
John Fredriksen's Seatankers books a raft of VLCCs and newcastlemaxes at surprise shipyard A private company is said to have penned up to eight 210,000-dwt bulk carriers at the Chinese shipyard
Trump sets Iran 48-hour deadline to reopen Strait of Hormuz US president warns that military will 'obliterate' Iran's power network if transits do not resume through the waterway
Newly listed Pelagic Credit gets buy rating from Clarksons Pelagic Credit's portfolio spans five sectors, from bulkers and cement carriers to offshore support vessels
V.Group wins management deal for Laskaridis bulkers and tanker newbuilding London-headquartered operation says Greek owner aiming to increase efficiencies across the fleet
Major Indian shipowners send two giant gas carriers through Strait of Hormuz Vessels underway near the Iranian coast, AIS shows
Shipping stocks plunge as clock ticks on Trump's Strait of Hormuz deadline VLCC and chemical tanker shares among biggest losers
Fire burns at Russia's biggest western tanker hub after Ukrainian drone strike Russian regional governor says fuel reservoir was attacked overnight on Sunday
US amphibious assault forces steam towards Middle East. Show of force or next phase of war? Fleets include thousands of US Marines specialised in amphibious landings
Russia's biggest western tanker hub set ablaze in major Ukrainian drone strike Russian regional governor says fuel reservoir was attacked overnight on Sunday
'Zombie' ships cross Strait of Hormuz using names of long-dead vessels Vessels tracked exiting Middle East Gulf using names of recycled Nabiin and Jamal LNG
Friday sell-off only slightly dampens solid bounceback week for shipping New York listings rebounded after being hit by investor jitters over Iran warfare and energy supply last week
First US-sanctioned tanker discharges Russian oil cargo in India under waiver scheme Ageing, falsely-registered tanker with patchy inspection history flies the flag for US waiver scheme
Chinese shipowner extends LPG newbuilding series Outfit lifts orderbook to three 25,000-cbm LPG/ammonia carriers
Stolt-Nielsen and Odfjell cut as Iran war increases risk for chemical tanker rates Stocks fall 5% in early Oslo trading
Ten tankers exit Strait of Hormuz amid speculation about $2m ship 'tolls' Transits still down 95% on pre-war levels, Clarksons says
Clarksons director Cotzias adds to stake after 22% stock jump this year Independent board member makes third purchase of London-listed broker's shares
Tanker blamed for crude spill hitting Mexican beaches Authorities say vessel is suspected of leak that has blighted 230km of shoreline
Stolt-Nielsen cut as Iran war increases risk for chemical tanker rates DNB Carnegie lowers target price to NOK 360 from NOK 435
DH Shipbuilding bags order for second suezmax tanker in two weeks Suezmax specialist achieves 82% of its 2026 order target before the end of the first quarter
TS Lines orders feeder container ships at Fujian Mawei Company now has six newbuildings on order at Chinese yard
'No proper lookout': Probe blames crew failures for Chinese bulker loss Investigation finds crew errors and poor voyage planning behind casualty
Ryan Lynch exits Hanwha Shipping as shipowner moves from 'origination' to 'optimisation' Former chief executive proud of efforts to get Hanwha Group shipping started
Fraud and Loathing in the Mojave Desert Walking the rail lines in California's Mojave Desert reveals the staggering scale of organized cargo theft firsthand. The isolation that makes this corridor ideal for freight transit also makes it a prime hunting ground for sophisticated criminal networks that have turned rail cargo theft into a multimillion-dollar enterprise. Danielle Spinelli, an account executive with Descartes and host of the
How much jail time for the Louisiana staged truck accident attorneys? With the first major trial wrapped up in the federal investigation known as Operation Sideswipe, the biggest question now is how long two convicted attorneys will be imprisoned. Attorneys Vanessa Motta and Jason Giles were convicted Friday in the U.S. District Court for the Eastern District of Louisiana on a variety of mail fraud, wire fraud and witness tampering charges connected to the scheme w
Port Houston tonnage rises 4% as officials cut reefer free time Port Houston saw steady cargo volumes in February, while commissioners on Monday approved a new tariff rule that shortens free time for refrigerated imports - a move that could tighten terminal capacity for shippers moving temperature-controlled freight through the Gulf. Cargo tonnage rises in February, TEUs flat Cargo tonnage at Port Houston increased 4% year over year in February, totaling 4.38
Union Pacific rolls out Trump locomotive, U.S. 250th diesel Union Pacific Railroad unveiled specially-painted locomotives honoring the United States and President Donald Trump as it announced plans to celebrate the U.S. semiquincentennial later this year. The America 250 locomotive, numbered 1776, will wear UP's traditional Armour Yellow paint, as well as the America 250 logo and the large American flag decal that was long a feature of UP (NYSE: UNP) die
Not all maintenance violations are the same A commercial vehicle inspection generates a violation. That violation hits the carrier's vehicle maintenance BASIC in FMCSA's Safety Measurement System. The fleet safety manager sees the percentile move. He schedules a driver training session on pre-trip inspections. The brake violations keep coming. This is one of the most common and most expensive failures in fleet safety management, and it is
Riptide of change roils ocean shipping Trade, not bombs, is the fuel today that creates world powers, and it's useful to remember that ocean shipping serves as the de facto "tip of the spear" for the majority of transnational business, so whatever disrupts maritime has a significant ripple effect through the rest of the supply chain, not to coin a pun. Amid Iran's closure of the Strait of Hormuz to most tanker traffic, it might come a
5,472 People Died in Large Truck Crashes in 2023. The Data Tells Us Why. And It Is Not the Story Being Told on Social Media Let's start with what is not in dispute. In 2023, 5,472 people were killed in traffic crashes involving large trucks, according to the National Highway Traffic Safety Administration's Fatality Analysis Reporting System - the most reliable national crash database that exists. Seventy percent of those people - 3,837 of them - were not in the truck. They were in the other vehicle. They were pedestri
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