NOAA ship Rainier to map for critical mineral deposits in U.S Pacific waters NOAA (the National Atmospheric and Oceans Administration) reports that, in early April its hydrographic survey ship Rainier will begin to map and characterize more than 8,000 square nautical miles of federal waters
New U.S. Maritime Advisory: Turn off AIS in Houthi risk area Although there have been no Houthi attacks on commercial ships since the Israel-Gaza ceasefire agreement in October 2025, a new U.S. Maritime Advisory warns that the Houthis continue to pose a threat
Colonna's Shipyard names Brian Waterfield CFO Brian Waterfield has been appointed chief financial officer (CFO) at Norfolk, Va.-based Colonna's Shipyard Inc., effective March 30, 2026. In that role, he will oversee the company's accounting function and support enterprise
Damen delivers a very green Combi Freighter to Bernd Sibum Haren, Ems, Germany-headquartered Reederei Bernd Sibum has taken delivery of the second of four Damen Combi Freighters under construction at the Damen Yichang Shipyard in China, following successful sea trials in Shanghai.
Crosby Enterprises subsidiaries file for Chapter 11 Galliano, La.-based Crosby Enterprises LLC reports that on March 23 it filed Chapter 11 cases for several of its subsidiary/affiliate units: Crosby Tugs LLC., Crosby Dredging LLC and Crosby Marine Transportation LLC,
AXA XL appoints Michael Reynolds as Head of Marine and Global Hull CUO AXA XL has appointed Michael Reynolds as Head of Marine for the UK and Lloyd's market, as well as Global Chief Underwriting Officer for Hull. Based in London, Reynolds is expected to take up his new role in the third quarter of 2026. He will be responsible for leading the underwriting strategy for AXA XL's UK and Lloyd's marine business, while also overseeing the global hull portfolio. "Michael i
Freightos launches cost cuts to reach profitability by 2026 Freightos announced a cost optimization plan to improve efficiency and reach Adjusted EBITDA breakeven by the end of 2026. The company will reduce its global workforce by up to 15%. It aims to lower costs while supporting long-term growth of its freight pricing, booking, and procurement platform. Despite the cuts, Freightos will continue investing in key growth areas. These include pricing, procu
Port of Huelva expands South Quay rail terminal The Port of Huelva is expanding its South Quay rail terminal to strengthen logistics capacity and multimodal transport integration. The project is funded by the EU's Recovery, Transformation and Resilience Plan (NextGenerationEU). It will add a third railway track to support Rolling Highway services and improve sustainable freight transport. Contractor Asch Infraestructuras y Servicios is buildin
GPA appoints Bryan Blalock as President of Gateway Terminals Savannah Gateway Terminals Savannah will appoint Bryan Blalock as President on April 13, 2026. He will succeed Kevin Price, who will become President of the Georgia Ports Authority on July 1, 2026. GPA President and CEO Griff Lynch said: "We welcome Bryan Blalock to Savannah. Together, Georgia Ports and Gateway aim to provide ocean carriers and truckers a best-in-class experience." Blalock joins from CMC,
WCI rises for fourth straight week to $2,279 Drewry's World Container Index (WCI) climbed 5% this week to $2,279 per 40-foot container, marking a fourth straight week of increases. Asia-Europe led the gains, with Transpacific rates also pushing higher, according to Drewry's assessment of March 26, 2026. Asia-Europe rates rose sharply on the back of ongoing Middle East tensions. Shanghai to Genoa jumped 12% to $3,474 per 40-foot container. S
LOGISTEED integrates ALPS Logistics freight forwarding into core unit LOGISTEED will integrate the domestic freight forwarding functions of ALPS LOGISTICS CO., LTD. into LOGISTEED Express, Ltd. through a business transfer effective April 1, 2026. The move aims to simplify operations and improve consistency. Supply chains have become more complex due to geopolitical risks and market volatility. The group wants a stronger structure to ensure stable and high-quality t
Explainer: China's vessel detentions and the Panama ports endgame China has turned a port administration routine into a strategic instrument and the global shipping industry is only beginning to understand the implications
Damen Shipyards posts revenue and profit growth in 2025 Damen Shipyards Group closed 2025 with stronger revenues, higher profits and a well-stocked order book. Revenue rose from €3.02 billion to €3.25 billion. EBITDA climbed roughly 10% to €185 million. Net profit reached €61.1 million, up from €58.3 million in 2024. The order book for 2026 and beyond stands at just over €10 billion. Damen delivered 160 vessels in 2025, the most since 2019 and fourtee
Hapag-Lloyd updates Middle East carrier haulage solutions Hapag-Lloyd has provided an update on its carrier haulage (CH) solutions across the Middle East as regional conditions continue to evolve. The company said it is currently offering cross-border container transport via key gateway ports including Jeddah, Salalah, Sohar, Khorfakkan and Fujairah, enabling connectivity to upper Gulf destinations such as Saudi Arabia, Bahrain, Kuwait, the United Arab
Chinese container ships reportedly turned back in Strait of Hormuz Chinese container ships attempting to transit the Strait of Hormuz were reportedly forced to turn back after receiving warnings from Iran's Islamic Revolutionary Guard Corps (IRGC) Navy, according to local sources. The incident follows recent claims by the U.S. President that the strategic waterway remained open for navigation. According to the same sources, the vessels had begun moving toward a
Valenciaport initiates climate adaptation strategy The Port Authority of Valencia has commenced work on a climate change adaptation plan covering its facilities at Valencia, Sagunto and Gandia, with the objective of strengthening infrastructure resilience against the risks posed by extreme weather events, rising sea levels and shifting climatic conditions. The initiative forms part of Valenciaport's broader Net Zero Emissions Plan, which targets
Iran's selective passage regime rewrites the rules of the Hormuz COSCO's resumption of Gulf bookings signals that Beijing has secured preferential access through diplomatic back-channels while Western carriers and US-aligned nations face a stratified, permission-based chokepoint
COSCO resumes Middle East bookings COSCO Shipping Lines has announced the resumption of new bookings for general cargo containers from the Far East to multiple Middle East destinations through multimodal transport solutions. The reinstated services will cover shipments to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait, Iraq and Oman, with immediate effect. According to the company, the transport solutions have been
GEODIS hits urban decarbonization milestone in France GEODIS now serves 100 French city centers with low-emission delivery vehicles. The company aims to reach 200 cities by June 2027. This move cuts urban pollution, improves air quality, and lowers greenhouse gas emissions. The initiative forms part of GEODIS's ongoing urban logistics transformation. Rising e-commerce, denser city centers, and client demand for sustainable delivery prompted the comp
ADNOC L&S shareholders approve $325 million dividend ADNOC Logistics & Services Plc (ADNOC L&S) shareholders approved the final 2025 dividend of $81.25 million (AED 298.4 million). The full-year dividend totals $325 million (AED 1,193.6 million), up 19% from 2024. The company targets 5% annual dividend growth through 2030, paid quarterly. ADNOC L&S remained fully operational across all divisions despite regional challenges. The company integrates s
Asia-Europe container exports hit 1.88M TEUs in January Container exports from Asia to Europe reached 1.88 million TEUs in January. This marks a new monthly record and a 6% year-on-year increase. It is the third consecutive month of growth, according to the Japan Maritime Center (JMC) citing U.K. Container Trades Statistics (CTS). By Origin: China & Hong Kong: 1.53 million TEUs, up 5.8% Other Northeast Asia: 128,577 TEUs, up 3.4% Southeast Asia: 221,7
Port of Hartlepool invests in Sennebogen materials handler The Port of Hartlepool has commissioned a Sennebogen 875M materials handler representing an investment of £2 million, strengthening the port's operational versatility across a wide range of cargo types. The mobile asset is equipped with interchangeable grab attachments enabling it to handle breakbulk cargo, steel products, renewable energy materials including bales and pellets, and dry bulks such
Air Serbia joins Freightos digital booking platform Air Serbia will join the Freightos cargo booking platform, expanding digital access for freight forwarders across Europe and the United States. The integration will make Air Serbia's cargo capacity available for e-booking across its full network , covering destinations from Albania and Austria to Sweden and Switzerland. Forwarders will also gain access to regional markets such as Zagreb, Tirana,
Seacon lifts four MPP newbuilds in $44m fleet play Hong Kong-listed Seacon Shipping has moved to grow and renew its fleet, taking over contracts for four multipurpose newbuildings in a deal worth $44.4m. The Qingdao-based owner said an indirect subsidiary has entered into novation agreements to assume all rights and obligations tied to the vessels, which were originally booked by Singapore's H&C Marine Engineering ...
SITC exercises options for six boxships at Yangzijiang Chinese intra-Asia container operator SITC International has moved to grow its owned fleet, exercising options for six additional feeder vessels in a deal worth $137m. The Hong Kong-listed carrier said its unit SITC Shipowner will press ahead with the newbuilds under an existing deal with Yangzijiang Shipbuilding Group subsidiaries Jiangsu Yangzi Hongyuan Shipbuilding and Jiangsu ...
Norsepower and COSCO team up to mass-produce rotor sails Finnish wind propulsion firm Norsepower has teamed up with COSCO Shipping Heavy Industry Equipment (CHIC) to ramp up production and global deployment of its rotor sails. The long-term deal moves beyond the companies' initial memorandum of understanding, covering production, sales, installation, service, and joint engineering development. Norsepower brings its rotor sail tech and control systems,
Norden moves into ice-class with LKAB deal and newbuild order Danish owner and operator Norden is stepping into the ice-class segment, tying a long-term cargo deal to a fresh newbuilding order in China. The Copenhagen-listed company has signed a contract of affreightment (COA) with Swedish mining group LKAB for up to 10 years, covering shipments of bentonite from Greece to northern Sweden. To back the ...
UK government funds Port Talbot as floating wind gateway Port Talbot has been awarded a £64m ($85m) grant from the UK government to enable Associated British Ports (ABP) to complete the design and engineering work needed to build one of the first floating offshore wind ports in the country. The Celtic Sea offers some of the best conditions for floating offshore wind in Europe. ...
Middle East war damage to energy assets mounts to $25bn War in the Middle East has resulted in damage and shutdowns affecting LNG trains, refineries, fuel terminals, and critical gas-to-liquids facilities across the region. According to Rystad Energy's estimates, energy infrastructure repair and restoration costs to date could reach at least $25bn and are expected to rise further. In Qatar's Ras Laffan Industrial City, the ...
Anchorage queues swell in Asia as war enters week five Paralysis around the Strait of Hormuz is being felt at global shipping hubs around the world. Ships are holding, rerouting, or bunching at alternative ports while operators wait for clarity with contradicting lines coming out of Washington and Tehran on the state of the war, which enters its fifth week tomorrow. The seven-day average number ...
Gulf conflict strands major share of offshore fleet As the Middle East conflict continues, an analysis by maritime software provider Veson Nautical has revealed the staggering scale of disruption across global shipping markets. According to Veson, roughly one in five of the world's offshore vessels is now based in a region that has effectively ceased operations due to the Iran war and the ...
Splash Wrap: Iran stalemate weighs heavily on bunkers Confusion reigns supreme towards the end of the fourth week of the Hormuz shipping crisis, with president Donald Trump yesterday stating one line only to be contradicted repeatedly by Tehran. Vessel traffic movement in and out of the Strait of Hormuz remains minimal and bunker availability around the world is a growing concern. Ukraine went ...
Sea Glory enters the cape segment with newcastlemax buy A fresh pattern has emerged in the opening months of 2026, with several Chinese owners branching into the capesize arena through first-time newcastlemax acquisitions-big-ticket bulker buys likely to trade only for a few years before heading to the breakers. The latest entrant is Sea Glory. VesselsValue shows the company, better known in the chemical trades ...
UK earmarks shipyards as critical for national security Shipbuilding, steel, AI and energy infrastructure will be recognised as critical for UK national security, with new guidance prioritising contracts for British business where necessary to protect national security, according to new guidelines from the Keir Starmer-led government. "Recent events have shown the fragility of global supply chains, and the importance of ensuring domestic capacity ...
GlobalMET appoints Jillian Carson-Jackson as managing director GlobalMET, the international association of maritime education and training providers, has announced the appointment of Jillian Carson-Jackson as its new managing director. Carson-Jackson brings more than four decades of experience across maritime operations, regulation, policy and international standards. Her career spans three continents and combines seagoing and shore-based experience with sen
EU vessel sanctions and the politics of administrative overreach Dr Hendrik Müller-Lankow, a German lawyer representing Russian and foreign ship operators in litigation before the General Court of the European Union, writes for Splash today. Few areas of European Union (EU) sanctions policy reveal the gap between political ambition and legal discipline as clearly as the campaign against Russia's so-called shadow fleet. The policy ...
Another Dynacom tanker transits Hormuz but trickle of energy outflows still dominated by Iran Another Dynacom tanker has been confirmed to have exited the Middle East Gulf through the Strait of Hormuz. It is...
Dynacom praises tanker crews after latest escape through Hormuz Shipowner George Prokopiou attributes eastbound transits to bravery of company seafarers, disavowing knowledge of 'toll' system
Ceto aims to bring Formula One technology to marine hull Real-time data will offer underwriting edge, new MGA claims
Middle East port update: Friday, March 27 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice
Cosco containerships abandon attempt to exit Middle East Gulf Despite dialogue between Beijing and Tehran only this week, two Chinese-owned containerships have been turned away from the approved route...
Swedish Club books third successive underwriting surplus Back-to-basics approach pays off for Gothenburg-based marine mutual
Hormuz crisis threatens to upend dry bulk outlook The bulk market is not as directly affected by the Strait of Hormuz crisis as other sectors, but its effects...
LNG a 'blessing in disguise' as shipping mulls alternatives amid bunker shortage A diverse fuel arsenal will be key for shipowners to navigate geopolitical crises that threaten energy security
Secondhand bulk carrier values stay strong despite declining freight markets sentiment While the conflict in the MEG has begun to weigh on freight rates, causing rate declines across all vessel segments...
The Daily View: Technical difficulties
Daily Briefing Houthis see no reason to 'prevent' Yanbu VLCC trade 'at present' | Panama-flag vessel detentions at Chinese ports could hit...
FMC 'monitoring' recent detention of Panama-flag ships at Chinese ports Agency Chairman Laura DiBella said the "intensified inspections" of the vessels appear to be retaliation for Panama canceling the port concessions held at Balboa and Cristóbal by a subsidiary of Hong Kong-based Hutchison.
Europe Union approves US trade deal, but sets firm conditions Wary of potential US actions to undermine the agreement, EU lawmakers inserted three clauses into the deal that provide "strong and clear safeguards."
Intra-Asia carriers spend $1 billion on new ships amid buoyant trade, rate growth The deals come as regional rate indices are trending at multi-month highs for key markets including Southeast Asia, South Korea, Japan, and China.
Nuclear projects advance in US, but need to overcome 'market paralysis' Suppliers and manufacturers are unwilling to make long-lead investments in next-gen nuclear projects without credible signals that the demand for them exists, according to a new report.
Opportunistic regional lines rush to Middle East corridor amid mainliner pause Several regional carriers, typically second- and third-rung players in the industry, have opened new dedicated shuttle services connecting Nhava Sheva and Mundra in India to the Middle East/Persian Gulf corridor.
Tanker stocks log another strong week despite Friday selloff in broader US markets Other shipping sectors show weaker weekly numbers, but generally better than broad indices
How Jamieson Greer's trade probes could impose new fees on shipping Maritime Action Plan proposals could find their way into probes by Trump's trade chief
Wavelength podcast: What to do with the floating wreck of the Arctic Metagaz Plus: IMO climate battle lines emerge, amplifying the voice of Africa, and the role of US farmers in a clean fuel future
Can US farmers sway Trump to make a U-turn on IMO decarbonisation policy? Ethanol production is underutilised with capacity available for shipping, says Climate Ethanol Alliance's Szabo
Iran war has become a high-stakes game for Greek shipping If Tehran starts charging tolls for Hormuz crossings, Hellenic vessels can hardly expect a rebate
Sales of bulk carriers steady and values are still rising Asset values continue to creep up and prospective buyers are as hungry as ever, brokers say
Vellis family linked to product tanker order at Hyundai's Philippines yard Greek brokers say Delia Shipping has inked new LR2s for delivery from 2028
Ship struck in Strait of Hormuz attack runs aground on Iranian island Vessel appears to have drifted into Iranian territory in the Strait of Hormuz
Yasa Shipping breaks into boxships as part of wider newbuilding push Turkish owner orders feeder container ships as well as four tankers
Attacks on Russia-linked ships force Greece to brace for major oil spill Shipping minister expresses grave concern following latest acts of sabotage in the Mediterranean and the Black Sea
War inflation of bunker cost shows value of low-carbon fuels, campaigners say Nearly €5bn was paid in additional bunker costs over the first three weeks of the war
China's surge in Panama-flagged vessel detentions 'far exceeding historical norms', FMC warns Intensified inspections intended to punish Panama after transfer of Hutchison port assets, Commission chairwoman claims
Two giant Chinese container ships 'halt bid' to sail through Strait of Hormuz Two ultra-large carriers appeared to be heading for 'approved' Iranian lane before turning back
Has sanctioned Sovcomflot tanker made it into Cuba with vital crude? Vessel trackers believe on-off progress of LR2 will end with discharge in Matanzas
Dubai investor buys stake in troubled European bulker owner Faminas is taking 22% stake to bolster finances of Barska Plovidba
Habben Jansen tips 'clean-cut' Zim deal by year-end War may have lengthened the timeline, but not the fundamentals, Rolf Habben Jansen says
Shipping borrowers urged to tap Oslo bond market before it's too late Fearnley Securities led the shipping bond league table in 2025
Bullish catalyst for bulkers as energy-starved Asian countries switch from gas to coal Increased coal volumes will contribute to earnings, analysts say
Trafigura refinances 'Samurai' loan with over half a billion in new commitments Trader follows a big syndicated European deal with Japanese transaction
Vietnam state oil firm seeks shipowners for Strait of Hormuz crossings on Iran waiver bet Tehran further loosens its grip over key waterway to the benefit of Asian countries
Greek owner Gleamray resumes sale-and-purchase drive after two-year pause Low-profile firm is said to be substituting a kamsarmax for an older supramax vessel
Ernst Russ braces for profit slump after stellar year High-water mark reached as owner shifts to a broader fleet mix and longer-term contracts
LNG bunker demand estimates for 2026 nudged lower amid Middle East war fallout Growth is still forecast as decisions on fuelling appear to be led by individual customers and are not always price-driven
Record US VLGC fixtures support spot rates at two-year highs Brokers say scramble for alternative sources of gas intensifies as Middle East disruption continues
Shipbuilder Hengli Heavy plots world's largest dry dock in $1bn capacity drive Hengli Group has also launched Dalian Shipping to expand the region's maritime strength
Golar LNG could be sold amid launch of strategic review, analysts say Infrastructure fund could be potential buyer, Arctic says
Norden orders two ice-class vessels as it raises bet on MPP Danish owner-operator adds to bet on MPPs
Fearnleys sees 'strong investor appetite' for new ships despite Middle East war Team has established three new projects so far this year
How Berge Bulk is picking 'low-hanging fruit' as scrapping squeeze looms Owners face a crunch as retrofit, recycling and regulation collide
Spain likely to be first EU country cleared for Hormuz transits by Iran Embassy in Madrid says Middle East country will 'show receptiveness' to passage requests
Iran singles out Spain as first European country cleared for Strait of Hormuz transits Embassy in Madrid says Middle East country will 'show receptiveness' to passage requests
Shipbuilder Hengli Heavy plots world's largest drydock in $1bn capacity drive Hengli Group has also launched Dalian Shipping to expand the region's maritime strength
Mexico hunts for mystery tanker suspected of causing oil spill Government says vessel and natural causes both responsible for slick earlier this month
Chinese state tanker giant Cosco Energy expands fleet as asset base tops $12bn State tanker giant grows vessels despite rising LNG costs
Golar LNG could be sold amid launch of strategic review, say analysts Infrastructure fund could be potential buyer, Arctic says
How Berge Bulk is picking the low-hanging fruit as scrapping squeeze looms Owners face a crunch as retrofit, recycling and regulation collide
China Merchants Energy Shipping doubles down on scale and cargo security in 2025 strategy push State-backed shipowner reinforces VLCC dominance while expanding diversified fleet footprint
Seacon splashes out $44.4m on four multipurpose newbuildings in fleet expansion drive Shipowner snaps up newbuildings on order at Jiangsu Dajin Heavy Industries
Malaysian tanker passage through Hormuz secured amid diplomatic push Anwar's outreach eases transit risks and reinforces stability narrative
Exmar's 'flagship' ammonia-fuelled newbuildings near delivery Owner says it is undertaking one of the most ambitious newbuilding programmes in its history
Why passing every check no longer means safe There is a point in every shipment where everything looks right. The carrier checks out, the documents match, tracking is active, and communication is steady. That is when confidence is highest. It feels controlled and verified. That is also where risk is building today. In a recent cargo theft case, nothing stood out early. The carrier passed vetting, verified equipment, accepted tracking, and p
Louisiana staged truck accident scheme: next sentencings likely postponed again The next courtroom developments in the Louisiana staged accident scam are steps that already have been taken numerous times: delaying the sentencing of two individuals who flipped and cooperated with the investigation. Both Damian Labeaud and Danny Keating pleaded guilty several years ago, Labeaud in 2020 and Keating in 2021, to the usual array of charges in what prosecutors called Operation Side
Iran war costing Hapag-Lloyd $40-50 million per week: CEO The U.S.-led war in Iran is costing Hapag-Lloyd $40 million to $50 million per week, its chief executive said, as fuel, insurance and other costs skyrocket during the conflict. The world's fifth-largest container line also has six ships trapped in the Persian Gulf as Iran chooses which vessels can safely transit the Strait of Hormuz. "Costs are increasing sharply. If we look at the impact that th
Small businesses say tariffs still hurting a year after 'Liberation Day' Small business owners said tariffs imposed under President Donald Trump's "Liberation Day" trade policy continue to strain operations, force price hikes and delay hiring, one year after the duties took effect. During a press call Thursday, members of the We Pay the Tariffs coalition said many companies are still waiting for refunds after the Supreme Court struck down tariffs imposed under the Int
How Qargo plans to disrupt the US TMS market Kissimmee, Florida-At the recent annual meeting of the Truckload Carriers Association, the exhibition hall was dotted with major providers of transportation management systems (TMS): McLeod Software, Alvys and Trimble (NASDAQ: TRMB) were all there among the many tech-heavy exhibitors. The small booth held down by Europe's Qargo was like a beachhead for the company as it seeks to elbow its way int
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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