Steerprop in simulator-based training agreement with Aboa Mare Two Finnish companies that are leaders in their respective spheres, Rauma-based marine propulsion specialist Steerprop and Turku-based maritime training center Aboa Mare, have reached an agreement covering simulator-based training services for vessels
MARAD invests $13.2M in U.S. Marine Highway projects The U.S. Department of Transportation's Maritime Administration (MARAD) said Friday that it has invested $13,280,351 million in 11 marine highway projects across seven states through the U.S. Marine Highway Program. The funding will
The Bahamas updates its maritime regulatory framework The Bahamas has introduced a comprehensive suite of Merchant Shipping Regulations under its Merchant Shipping Act of 2021 that are scheduled to come into force on April 1, 2026, marking a significant
J-ENG in hydrogen-fueled two stroke first Japan Engine Corporation (J-ENG) has successfully begun hydrogen co-firing operation in all cylinders of a fully Japanese-made, large, low-speed, two-stroke hydrogen-fueled engine. According to J-ENG, the 6UEC35LSGH engine is the world's first
American Encore riverboat passes sea trials American Cruise Lines said its new riverboat, American Encore, has completed sea trials and is underway to the Columbia and Snake rivers in the Pacific Northwest. The vessel is part of the
VIDEO: HII to expand ROMULUS USV assembly at Breaux Brothers HII has released a video outlining plans for a new ROMULUS unmanned surface vessel (USV) assembly facility at Breaux Brothers Enterprises in New Iberia, La. In parallel, HII has also introduced High-Yield
MOL and Hitachi plan to convert used ships into floating data centers Could old ships have a future as floating data centers? Two major Japanese players are exploring the concept. Mitsui O.S.K. Lines Ltd. (MOL) has signed a memorandum of understanding with Hitachi Ltd.
IMO advances port digitalization in Dar es Salaam A needs assessment mission led by the International Maritime Organization (IMO) is evaluating the Port of Dar es Salaam to prepare for a Maritime Single Window (MSW) system. The MSW is a one-stop digital platform that streamlines communication among all stakeholders involved in ship arrivals, stays, and departures. By consolidating data exchange, it aims to cut time and costs for port procedures.
Sea-Intelligence: February 2026 global schedule reliability falls to 59.0% Sea-Intelligence has published issue 175 of the Global Liner Performance (GLP) report, with schedule reliability figures up to and including February 2026. In February 2026, global industry schedule reliability dropped by -3.2 percentage points M/M to 59.0%, making this the lowest figure recorded since April 2025. On a Y/Y level though, schedule reliability was higher by 5.0 percentage points. Wi
HJSC appoints Song Kyung-han as construction division CEO HJ Shipbuilding & Construction (HJSC) has appointed Song Kyung-han as CEO of its construction division at its annual general meeting on March 27. The company selected Song for his expertise in strategy and organizational management. He previously served as CEO of DONGBU Engineering and has extensive experience in HR, procurement, and outsourcing. HJSC aims to strengthen operational efficiency fol
Bureau Veritas, Trade Technologies partner to streamline global trade Bureau Veritas and Trade Technologies have signed a strategic agreement to simplify global trade operations by integrating inspection and conformity documents into trade finance workflows. The partnership targets inefficiencies in Letters of Credit (LC) transactions. Required documents, such as certificates of inspection and conformity-often delay exports. The new integration enables faster valid
Hambantota Port invests $108M to expand capacity to 2M TEU Hambantota International Port Group (HIPG) will invest $108 million in new container handling equipment to expand capacity and strengthen its role as a regional logistics hub. The agreement with Shanghai Zhenhua Heavy Industries Co., Ltd. includes six quay cranes, 16 RTGs, and 40 trailers as part of Phase II terminal development. The new cranes will allow the port to handle the world's largest co
Hapag-Lloyd announces GRI from East Coast to West Coast South America Hapag-Lloyd has announced a General Rate Increase (GRI) for shipments from the East Coast of South America to the West Coast of South America. The increase will apply to all cargo types, including dry, reefer and special containers, and will be set at USD 200 per container. The GRI will take effect from 1 May 2026 and will remain valid until further notice. Hapag-Lloyd said the adjustment reflect
Explainer: Yanbu as a crisis corridor and the long game Iran's Hormuz blockade has activated Saudi Arabia's Red Sea contingency at scale but Yanbu's infrastructure was never built to carry this weight, and the Houthis are watching. Source: Gulf Research Center
Louisiana International Terminal Holdings incorporated as Gulf Coast container project advances The Port of New Orleans have announced the formal incorporation of Louisiana International Terminal Holdings that will serve as the operating entity for the Louisiana International Terminal project in St. Bernard Parish. The incorporation marks a significant milestone in the development of what is positioned as a next-generation container facility designed to strengthen Louisiana's role as a prem
RCL reports 2025 results Regional Container Lines Public Company Limited (RCL) has reported a net profit of THB 8,167 million for 2025, marking a 10.9% decrease compared to THB 9,171 million in 2024, primarily due to the appreciation of the Thai Baht. The stronger currency reduced earnings when converted into Thai Baht, as the average exchange rate declined from THB 35.5 per USD in 2024 to THB 32.9 per USD in 2025. Howev
Valenciaport launches design tender for development projects Valenciaport has initiated development work on the area surrounding the Fishermen's Market, known as the Lonja, and Tinglado 5 at the Port of Valencia, launching a tender for the design of an office complex and public space improvement project on behalf of the Port Authority of Valencia. The project encompasses road layout reorganisation, pedestrian route creation, improved lighting, landscaping
India's maritime ambitions under threat India cannot insulate IMEC from Hormuz risk through bilateral diplomacy with Tehran because India's proximity to the US-UAE axis is precisely what makes it a target.
Readers Speak: Freight rates lead impact of Middle East tensions Cost pressure dominates industry sentiment Rising tensions across key Middle East maritime corridors continue to shape expectations in container shipping. In the latest Readers Speak poll , industry participants were asked to identify the most significant impact on operations. The response was clear. Higher freight rates stand out as the primary consequence of ongoing instability. This reflects t
CMA CGM updates PSS for Mauritius and West Africa CMA CGM has announced new Peak Season Surcharges (PSS) covering shipments from the Far East and China to destinations in Mauritius and West Africa. For cargo moving from the Far East to Port Louis, Mauritius, a PSS of USD 250 per TEU will apply to both dry and reefer cargo, effective from 15 April 2026. Separately, CMA CGM has introduced a PSS for shipments from China to multiple West African des
ONE acquires stake in Hutchison Laemchabang Terminal Ocean Network Express (ONE) has announced the signing of a share purchase agreement to acquire a 30% stake in Hutchison Laemchabang Terminal Limited (HLT) in Laem Chabang, Thailand. HLT is a key operator within Thailand's Eastern Economic Corridor and serves as a major gateway for trade in Southeast Asia. The terminal operates the highly automated Terminal D, as well as Terminals C1, C2 and A3 at
Maersk and Hapag-Lloyd update on Salalah port disruption Maersk and Hapag-Lloyd have issued updates following a security incident involving drone activity and reported explosions at the Port of Salalah in Oman in the early hours of 28 March 2026. Both carriers confirmed that operations at the port have been temporarily suspended, with local authorities and port management assessing the situation after a terminal crane was damaged and a port worker sust
Explainer: Why Houthi entry threshold is not military but temporal The credible threat of re-entry timed to Iran's strategic needs is already reshaping insurance markets, carrier routing decisions, and the entire architecture of global trade.
Arkas and Turkon add Iskenderun to Med-US East Coast service Arkas and Turkon have expanded their joint Mediterranean-US East Coast service by adding a new port call at Iskenderun. The update applies to the USX/USM service, enhancing coverage in Turkey and strengthening connections between the Eastern Mediterranean and the United States. Following the change, the revised port rotation will include Mersin, Iskenderun, Istanbul (Ambarli), Izmit, Gemlik, Alia
Japan hits milestone with hydrogen ship engine test Japan has taken a step closer to hydrogen-powered shipping, with a full-scale main engine for a commercial vessel successfully running on hydrogen in factory tests. Japan Engine Corporation and Kawasaki Heavy Industries said their large, low-speed two-stroke engine has achieved hydrogen co-firing across all cylinders, reaching more than 95% hydrogen use at full load. The ...
New front opens up with Houthis entering the war The Iran war's second month has opened with a sharp escalation in threats to global shipping, as Iranian-backed Houthi rebels fired their first missiles since the conflict began, drone strikes hit the port of Salalah in Oman, and a bizarre last-minute reversal by COSCO added fresh uncertainty to an already unpredictable operating environment. The Houthis' ...
Reach Subsea lands IMR and monitoring jobs from Equinor Norwegian offshore services player Reach Subsea has been awarded two new call-offs under its frame agreement with Equinor. Both contracts will be executed using the uncrewed surface vessel (USV) Reach Remote 1. The agreement between the two companies covers gas reservoir monitoring and subsea inspection, maintenance, and repair (IMR) services on the Norwegian Continental Shelf. ...
Ukraine pounds Russia's Baltic ports Ukraine's week-long campaign against Russia's oil fortunes shows no sign of letting up with more strikes on Baltic export facilities recorded over the weekend. Ust-Luga port suffered further drone strikes yesterday for the fifth consecutive day, with no loadings recorded at the under fire port since last Wednesday. Beginning on March 23 with a drone ...
RWE gets green light to build 900MW offshore wind farm German utility RWE has been given the go-ahead to start construction of the Nordseecluster B offshore wind farm in the German North Sea. This allows the company to implement the second phase of its 1.6GW Nordseecluster. According to Tobias Keitel, CTO of RWE Offshore Wind, construction of the project at sea can begin next year. ...
Steerprop and Aboa Mare tie up to offer propulsion-specific simulator training Finnish marine propulsion specialist Steerprop has entered a cooperation agreement with Turku-based maritime training centre Aboa Mare to deliver tailored simulator-based training programmes for crews operating vessels equipped with Steerprop propulsion systems - combining hardware expertise with practical, scenario-based seafarer education for the first time under a formal partnership. Under the
Taiwan launches 3.6GW offshore wind auction Taiwan's Ministry of Economic Affairs has launched its latest offshore wind auction, putting 3.6GW up for sale. The Ministry stated that the application window will open on April 1 and run through September 30, with winners named by year-end. Bidders will be scored on developer track record (35%), financial muscle (30%), and execution plan (35%). ...
Chevron signs deal with Libya's NOC to assess offshore potential Libya's National Oil Corporation (NOC) has signed a memorandum of understanding with US supermajor Chevron to conduct technical studies on one of the country's offshore blocks. The memorandum of understanding between the two parties covers the preparation of a comprehensive technical study for the NC 146 offshore block. This comes at a time when Libya's ...
MOL and Hitachi to convert used ships into floating data centres Japanese shipping giant Mitsui OSK Lines (MOL) has signed a memorandum of understanding with Hitachi and Hitachi Systems to develop, operate and commercialise floating data centres converted from second-hand vessels, targeting operations from 2027 in Japan, Malaysia and the United States. "In recent years, demand for data centers has continued to grow alongside the rapid ...
ONE buys into Hutchison's Laem Chabang terminal Japan's Ocean Network Express (ONE) is spending some of its profits built up in recent years on developing its ports network. The Singapore-headquartered liner has just announced the signing of a share purchase agreement for a 30% stake in Hutchison Laemchabang Terminal Limited (HLT) in Thailand, following quickly on from a deal to buy into ...
Laskaridis ramps up suezmax play Greek owner Panos Laskaridis is stepping up his move into crude tankers, lining up another suezmax newbuilding in South Korea. Shipbuilding sources say Laskaridis Shipping has contracted a 157,000 dwt vessel at DH Shipbuilding, with delivery slated for the second quarter of 2029. The deal follows a contract announced by the yard for an undisclosed ...
Atlantic aframax and suezmax spike highlights severity of Hormuz chaos With the Middle East war, there's the comforting rhetoric from US politicians on one hand and tanker freight rates on...
Russia flag switch loses appeal for shadow fleet operators A US seizure of a Russian-flagged tanker and a new wave of UK-EU enforcement have punctured the appeal of the...
Subtle rise in non-Iranian trade through Hormuz Last week marked the Strait of Hormuz's busiest period since the conflict began, yet traffic remains below 10% of normal...
Is freedom of navigation under threat? Part II Lloyd's List's editor-in-chief Richard Meade returns to the issue of freedom of navigation for a second time, and asks what...
Middle East port update: Monday, March 30 Traffic through the Strait of Hormuz continues to be severely disrupted and conditions may change at short notice
Venergy Maritime extends MR2 orderbook amid 'structural shift' Exercise of two options at K Shipbuilding increases number of MR2 orders at Korean yard to eight
The Week in Charts: Another Dynacom tanker transits Hormuz | Grain-linked Iran traffic resumes as Hormuz access limited to 'friendly' ships Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Search for three missing bulker crew members unsuccessful The Precious Shipping bulker was hit by projectiles on March 11 off Oman while transiting the chokepoint
Cosco boxships transit Hormuz on second attempt as Iran widens approved nation list First Chinese state-owned vessels exit Gulf since Iran seized control, though selective clearances suggest Tehran is still calling the shots
The week in newbuildings: Dalian Shipbuilding wins big VLCC order from compatriot shipowner Orders for two ropax ferries, six boxships, six gas carriers, 14 dry cargoships and 26 tankers were disclosed in the...
Ukraine hits Ust-Luga again Governor of the region Alexander Drozdenko said a fire at the port had been brought under control following latest drone...
The Daily View: Parallel fleets and Tehran's 'toll booth'
Daily Briefing Another Dynacom tanker transits Hormuz but trickle of energy outflows still dominated by Iran | Dynacom praises tanker crews after...
Multipurpose vessel ordering spree continues with raft of new deals Strength in the breakbulk and project cargo markets has encouraged a round of new ship orders.
ONE adds to Asian terminal holdings with Laem Chabang deal The ocean carrier is acquiring a 30% stake in a Hutchison-owned terminal operator that runs four terminals at the port in Thailand.
FMC rejection of carriers' surcharge waiver shows shift in US shipping politics Forcing liners to wait for the 30-day notice period to end before implementing war-related surcharges reflects a multi-year ascendency of shipper influence in Washington and the corresponding decline in carrier heft, writes Peter Tirschwell.
Drone strike closes key Middle East transit hub of Salalah The Omani port operated by APM Terminals is one of the alternative container drop-off points in the region being used by ocean carriers unable to pass through the Strait of Hormuz.
Hormuz closure triggers 'havoc' for project logistics supply chain Total transit collapse and escalating infrastructure threats are forcing project cargo shippers to step up their contingency planning.
Iran's wartime tanker loadings rise to $3bn as Trump keeps threats rolling US president says new regime in Iran is more reasonable but still threatens to blow up petroleum, power and water infrastructure
Clarksons bonuses fall faster than earnings as boss Andi Case takes home £8.7m Leading shipbroker's total pay down from £12.56m in 2024
Shipbuilding giant CSSC confirms $1.3bn order for 10 VLCCs Evening disclosure validates market talk of major tanker booking
QatarEnergy announces first LNG production at Golden Pass plant in US First exports from long-awaited project pushed into second quarter
Fuel storage tank hit in attack on Israeli port of Haifa Fuel tanker also damaged in raid by either Iran or Hezbollah militants in Lebanon
Hornbeck Offshore pushes back against US penalties over cameras to guard against sexual assault Offshore vessel owner says Safer Seas Act requires cameras in crew areas, not customer accommodations
Grieg to install wind solutions on dry bulk vessels First commercial agreement for GT Wings comes after Grieg's investment in the start-up in 2025
HFW creates new senior manager for shipping amid promotion round Law firm bolsters maritime operations at a time of uncertainty for clients
Gloves off: Genco Shipping rips Diana's 'meager' returns in shareholder letter New York-based takeover target says Greek suitor fails to measure up in performance as a public company
Hopes fade for Hormuz seafarers missing from bomb-hit Precious bulker Families of the three missing crew members have been informed
'Eye-watering deal?' Aframax tanker rumoured fixed at record $950,000 per day Three-day trip said to have secured huge headline figure
Cosco boxships make it through Strait of Hormuz after previous attempt failed Ultra-large carriers make it through Strait of Hormuz after failed bid on Friday
Fledgling Greek shipowner V Group ramps up tanker bet and widens Suez Canal play Vyron Vasileiadis has now eight MR product carriers under construction in South Korea
Hopes fade for Hormuz seafarers missing from missile-hit Precious bulker Families of the three missing crew members have been informed
Torvald Klaveness sees profit shrink on smaller fleet as investment book shines Boss Ernst Meyer says financial performance remained strong in 2025
Drone strike on key container hub hits liner services Maersk and Hapag-Lloyd confirm 'security incident' amid reports of the first boxships transiting Hormuz
Hurricane coming: BRS boss Walter warns owners to be very careful of ship investments at today's prices Broker looks backs over previous crises and draws a powerful conclusion
Flag-hopping shadow fleet tankers exposed by African states Crude carrier used documents from two countries without international ship registries
Broker Rostad leaves SSY after dropping legal battle with shipbroker Boss Stanko Jekov says broker was not representative of company or broking industry
Strait of Hormuz reopening could hit tanker rates short-term, Clarksons warns Vessels could be slow to return to the Middle East after repositioning to the Atlantic
ONE buys 'strategic' stake in Hutchison terminal Japanese liner giant buys into Thai facility as part of Asia growth strategy
Sinokor Maritime snaps up VLCC from Sincere Navigation Seller stands to gain $11.67m when deal is completed
Titan Clean Fuels signs up to buy e-methane for shipping from urn2X Supply will be available to maritime industry from 2028
Trump has 'no problem' with Cuba shipments as Sovcomflot tanker reaches island US president says fuel supplies will not save 'bad regime'
Shipowners urged to scrutinise insurance providers as shady outfits offer enticing premiums Volatile geopolitics amid constant changes require shipowners to be more discerning, high-profile panel warns
Trump threatens Kharg Island: 'My favourite thing is to take the oil in Iran' US president floats Venezuela-style tactics amid military build-up
Former Glencore shipping boss quits Frontline board after four months John Fredriksen tanker company is a man down after resignation of experienced director
Iran war energy crunch slows West Africa tanker exports as refiners keep hold of oil Traders say sellers will only ship out cargoes for high prices
MOL and Hitachi group to turn old ships into floating data centres The project aims to build digital infrastructure to meet growing AI demand
Cosco deal boosts wind propulsion provider's presence in China Relocating to China ranks among the best decisions the company has made, CEO said
Bahrain imposes seafarer curfew in wake of Iranian attacks No seafarer movement allowed from 6pm to 4am
Fire hits key Russian tanker port again after Ukrainian drone blitz Ust-Luga comes under renewed attack, as does Primorsk
George Procopiou's Dynacom gets third tanker through Strait of Hormuz Suezmax has shipped 1m barrels of Saudi crude into India as a contrarian play unfolds
Shipowners urged to scrutinise insurance providers as shady providers offer enticing premiums Volatile geopolitics amidst constant changes require shipowners to be more discerning, high profile panel warns
MOL and Hitachi group to turn old ships into floating data centers The project aims to build digital infrastructure to meet growing AI demand
Seacon to push ahead with newbuilding plan despite profit plunge Declining freight rates pressured 2025 profits down by almost 49%
Chinese shipowner sends two bulkers to South Asia for recycling Privately owned Shanghai Yongyao left with three early 2000s-built bulkers as veterans dating from the 1990s get the chop
SITC orders feeder container ships worth $137m at Yangzijiang Shipbuilding The six 1,100-teu newbuildings were options held by the company
A single manoeuvre by Evergreen Marine container ship sank two vessels Turning error sent container ship stern crashing into moored trio
Cosco deal boosts wind propulsion provider's presence in China Moving to China was one of the best moves the company has made said CEO Pontynen
Can an African voice emerge in the next round of shipping climate talks? African member states at IMO want a stronger voice, but may find it hard to agree on net zero fund positions
Visible Hormuz transits rise as BW Group VLGCs exit Gulf But Combined Maritime Forces keeps threat level to shipping at 'critical'
$5.38 Diesel, a War in the Middle East, and a Refinery Fire in Texas. Here Is Your Fuel Survival Plan for the Next 90 Days Let's start with what the numbers actually look like. On March 1, diesel was averaging roughly $3.90 per gallon nationally. By March 9, a single week produced a 96-cent spike - the largest one-week increase in diesel prices since the federal government began tracking the series. By mid-month it crossed $5. As of this week it is sitting at $5.375 nationally, with California above $6 and lower-cost
The DEF Rules Changed This Week. Here Is What the Guidance Actually Says - and What It Does Not If you have spent any time in trucking Facebook groups, diesel forums, or on X this week, you have probably seen some version of this story: The EPA removed DEF requirements. The DOJ said deletes are legal. DPF is going away. The whole emissions system is getting scrapped. Trump said you can modify your truck. None of that is accurate as stated. Some of it is based on real events that are being d
ATA sought compensation in Rhode Island trucking tolls case; it got nothing The two sides involved in the now mostly-ended legal battle over Rhode Island truck tolls each asked a court for big payouts from the other side for legal fees, but few were ultimately ordered after two separate judicial officers got done with their work. Both the American Trucking Associations and the defendants they sued, one individual and one agency of the Rhode Island state government, sough
The Market Maybe Telling You to Grow. Here Is Why the Smartest Carriers Are Waiting 90 More Days Before They Pull the Trigger The mood has shifted. After three years of one of the most brutal freight downturns in modern trucking history, the data is finally moving in the right direction. Spot van rates have climbed for seven consecutive months. Load-to-truck ratios are at multi-year highs. Carrier exits have been accelerating, tightening the supply side of the equation. Fifty-two percent of carriers surveyed by Trucksto
The Broker Offers You Quick Pay and It Sounds Like Free Money. Read This Before You Take It You delivered the load. The BOL is signed. The POD is in. The job is done. And now you wait - 30 days, 45 days, sometimes longer - for a broker to release payment while your truck payment, your fuel bill, your insurance premium, and your driver's paycheck are all due right now. That gap is not an accident. It is structural. It is baked into how freight payment terms work, and it has been the numb
Autonomous railcar builder signs short line operator Intramotev, the builder of autonomous freight railcars, announced that it has signed short line operator R. J. Corman Railroad Company as its latest customer. The maker's TugVolt railcars will be deployed in industrial switching operations on Corman's Memphis Line, a 113-mile railroad with 30 customers connecting Kentucky and Tennessee. R. J. Corman operates 19 short line railroads in 11 states a
Amazon takes delivery convenience to next level Amazon continues to push the boundaries in e-commerce delivery convenience, giving shoppers more reasons to buy goods on its marketplace. The retail behemoth this month added 1,500 FedEx Office locations to its growing network of return drop-off points on the heels of introducing one-hour and three-hour shipping options to many areas of the country. And it acquired RIVR, a Swiss company developin
Stellantis halts Jeep Cherokee production Automaker Stellantis has filed a lawsuit against parts supplier ZF Chassis Modules in a payment dispute that has halted production at its assembly plant in Toluca, Mexico. The Toluca plant produces the Jeep Compass and Jeep Cherokee for North and Latin American markets, making the dispute a cross-border supply chain issue affecting production and freight movements across multiple countries. In a
DHL Express, parcel workers' union reach deal on 4-year contract ( Updated 11:50 a.m. with DHL statement ) Negotiators for DHL Express in the United States and the Teamsters, which represents thousands of package drivers and warehouse workers in 16 states, on Sunday reached a tentative agreement on a new labor deal two days before a strike deadline, the union announced. The current national master agreement between the company and the union is set to expire on
U.S. 'monitoring' China retaliation against Panama ships The U.S. Federal Maritime Commission said it is monitoring possible retaliation by China against Panama-flagged vessels for its effect on global shipping. Published reports said China has detained Panamanian ships in its ports after Panama earlier this year seized terminals managed by Hong Kong's CK Hutchison at ports near the Panama Canal. "China has now imposed a surge in detentions of Panama-f
Freight bankruptcies mount in March as trucking, logistics firms file Chapter 11 Bankruptcies across the freight transportation and logistics sector continued to mount in March, with trucking companies, logistics providers, last-mile delivery firms and marine operators filing for Chapter 11 protection, continuing a trend that began in January and February as financial pressure across the supply chain persists. A wide range of companies filed for bankruptcy protection, from sm
Why CSA scores have become trucking's public report card A single burnt-out taillight can cost a carrier tens of thousands of dollars in higher insurance, lost freight and extra DOT inspections. For many fleets that pain starts long before the roadside stop - in the 27 seconds it takes some drivers to "complete" a pre-trip inspection without ever leaving the cab. That gap between paper compliance and actual safety is exactly why CSA scores have become
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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