krogragg

Category: Operations

  • Why diversity makes business sense

    Why diversity makes business sense On International Women in Maritime Day, Sakura Kuma, senior advisor at Mitsui OSK Lines (MOL), outlines how the maritime industry could more effectively make use of its innate diversity.  Shipping is a truly international business and I was drawn to a career in the industry as the result of the…

  • Less than one in five working in maritime today are women

    Less than one in five working in maritime today are women Ahead of Sunday’s International Women in Maritime Day, a new, giant survey jointly conducted by  the International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA) shows how shipping remains a male-dominated industry, with women making up just 19% of the…

  • Shanghai spot box rates to US west coast leap 31% in just one week

    Shanghai spot box rates to US west coast leap 31% in just one week Friday’s weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped…

  • China smashes car carrier size records twice in less than a month

    China smashes car carrier size records twice in less than a month China has broken the record for the world’s largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China’s giant car manufacturer SAIC.…

  • How to profit from FuelEU Maritime

    How to profit from FuelEU Maritime As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm…

  • Denmark first to launch remote pilotage

    Denmark first to launch remote pilotage With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating a test program for remote pilotage – the first of its kind in the world.  The test program created by DanPilot and Danelec allows pilots to guide ships from land, using only advanced data transmitted…

  • Fednav’s Paul Pathy takes over at BIMCO

    Fednav’s Paul Pathy takes over at BIMCO The world’s largest shipping association, BIMCO, has elected its first president from the Americas. Paul Pathy, president and chief executive of Canada’s largest dry bulk shipping company, Fednav, is taking over from Nikolaus Schües, CEO of German owner F. Laeisz, who is finishing his two-year term. “I am…

  • Norden exercises option for two more MPPs

    Norden exercises option for two more MPPs Danish shipping giant Norden has decided to increase its multi-purpose (MPP) fleet by signing newbuilding leases with purchase options for two vessels. These two vessels are options to the recently signed deals for two identical vessels set to deliver in 2026. This latest pair of 17,500 dwt vessels…

  • EU sanctions target nearly 200 Russia-linked ships

    EU sanctions target nearly 200 Russia-linked ships European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The new round of sanctions, set to be adopted next week, comes as Moscow…

  • Suez Canal offers discount in bid to lure boxships back

    Suez Canal offers discount in bid to lure boxships back Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The…

  • Greta Thunberg-led activists storm Maersk Tankers Copenhagen office

    Greta Thunberg-led activists storm Maersk Tankers Copenhagen office Over 50 activists from the Green Youth Movement (Den Grønne Ungdomsbevægelse) have broken into the Copenhagen office of Maersk Tankers. The activists claim that the action is part of a larger series of actions over the next 10 days that will focus on the alleged role of…

  • MSC ship aground off Jeddah, likely victim of GPS spoofing

    MSC ship aground off Jeddah, likely victim of GPS spoofing Three days on from grounding off Jeddah, Saudi Arabia, the 7,000 teu MSC Antonia remains stuck in the Red Sea, with vessel tracking showing the ship was likely the victim of GPS jamming.  Analysis from Windward, a maritime analytics firm, has highlighted the spoofing patterns…

  • US and China agree to slash tariffs

    US and China agree to slash tariffs In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries…

  • Backers of new US Virgin Islands registry present plans to Trump

    Backers of new US Virgin Islands registry present plans to Trump The backers of a new open registry have dusted off plans first aired three years ago, and presented the concept of a US Virgin Islands (USVI) flag to Donald Trump, amid the current government’s determination to bolster American maritime.  The flag idea has been…

  • UK readies sanctions on another 100 Russian-linked tankers

    UK readies sanctions on another 100 Russian-linked tankers The UK is set to impose a new wave of sanctions against the Russian oil trade, targeting up to 100 more ships. The biggest sanctions package against Russia’s shadow fleet should bring the total number of oil tankers blacklisted by the UK to more than 230. Announcing…

  • Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court

    Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong…

  • Wallenius Wilhelmsen bags transport deal worth $140m

    Wallenius Wilhelmsen bags transport deal worth $140m Norwegian car carrier player Wallenius Wilhelmsen has won a three-year shipping contract with an unnamed construction and mining equipment manufacturer. The contract is estimated to have a value of approximately $140m based on expected volumes over the three-year period. The company stated that the renewed agreement between the…

  • Nokia to provide private wireless to Maersk ships

    Nokia to provide private wireless to Maersk ships Danish liner giant Maersk has contracted Nokia to equip 450 vessels in its fleet with private wireless. The move is part of Maersk’s rollout of its new digital connectivity platform, OneWireless, which aims to offer real-time cargo tracking, enhanced supply chain visibility, and improved operational efficiency. “By…

  • A call to action for maritime employers

    A call to action for maritime employers Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream…

  • CMA CGM becomes first global liner to run an Indian-flagged vessel

    CMA CGM becomes first global liner to run an Indian-flagged vessel CMA CGM has welcomed the arrival of the first Indian flagged containership registered by a major foreign carrier With a total capacity of 2,592 teu, CMA CGM Vitoria serves India on the group’s BIGEX network, which offers direct links between India, the Gulf, and…

  • US sanctions three tankers over ties to the Houthis

    US sanctions three tankers over ties to the Houthis The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted three vessels and their owners for allegedly providing support to the Houthis.  Marshall Islands-registered Zaas Shipping & Trading facilitated the delivery of LPG to the Houthi-controlled port of Ras Isa using the…

  • Trump calls for free passage of American ships through Suez and Panama canals

    Trump calls for free passage of American ships through Suez and Panama canals US president Donald Trump has called for free passage of American ships through two of the vital shipping waterways, the Panama and Suez canals. Trump said in a social media post on Saturday that American ships, both military and commercial, should be…

  • Iran port blast kills at least 18 and injures hundreds

    Iran port blast kills at least 18 and injures hundreds A massive explosion killed at least 18 people and left around 800 others injured near Iran’s biggest port, Bandar Abbas. The blast, which took place at Shahid Rajaee terminal on Saturday morning, damaged multiple buildings in the area and caused additional fires. Aerial footage showed…

  • S&P Global buys Orbcomm’s ship tracking business

    S&P Global buys Orbcomm’s ship tracking business S&P Global has agreed to acquire the automatic identification system (AIS) business of Orbcomm. The New York-headquartered company said the purchase, on undisclosed terms, will see one of the leading providers of ship tracking services integrated within its Global Market Intelligence division. Orbcomm’s AIS vessel tracking technology has…

  • Wiernicki to step down at ABS

    Wiernicki to step down at ABS One of the best-known names in the business of ship classification is to stand down at the end of the year.  ABS chairman and CEO Christopher Wiernicki after leading the American classification society for the past 12 years, having taken over from Robert Somerville in 2013.  Prior to joining…

  • CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships

    CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by…

  • Beijing vents fury at US port fees

    Beijing vents fury at US port fees Shipping spent the weekend digesting the news from the US where watered down plans to charge China-linked ships extra for American port calls have created considerable outrage in Beijing and Hong Kong, while causing consternation for members of the Ocean Alliance, one of the big groupings in container…

  • Tar balls wash up on Canadian shoreline near grounded MSC boxship

    Tar balls wash up on Canadian shoreline near grounded MSC boxship Tar balls have emerged on beaches near to where the MSC Baltic III remains grounded on Canada’s eastern seaboard, with the boxship remaining firmly lodged in place more than two months after it ran into difficulties.  The Canadian Coast Guard has said there is…

  • 54 ships abandoned so far this year

    54 ships abandoned so far this year The scourge of crew abandonment is proving very hard for global administrators to rein in. A total of 54 ships and their crews have been abandoned so far this year, according to data carried by the International Labour Organization (ILO), putting 2025 potentially on track to be the…

  • Seafarers to get 6.2% pay rise over the coming three years

    Seafarers to get 6.2% pay rise over the coming three years The International Labour Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of the Joint Maritime Commission (JMC), held in Geneva on this week. The terms of the wage…

  • Vertom seals 15-year deal for newbuild quartet

    Vertom seals 15-year deal for newbuild quartet Dutch shipping group Vertom and Norway’s Strand Shipping have landed a 15-year charter deal with aquaculture feeds producer Skretting for four diesel-electric newbuilds. The vessels that will be deployed for the import of raw materials have been designed to reduce the environmental footprint of Skretting’s supply chain. The…

  • Singapore’s Vasi becomes first liner casualty of 2025

    Singapore’s Vasi becomes first liner casualty of 2025 Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts.…

  • Atlas and EMF cash in on car carrier newbuilds

    Atlas and EMF cash in on car carrier newbuilds Greek owner Atlas Maritime and Danish shipping investment firm European Maritime Finance (EMF) have confirmed a lucrative asset play involving at least one of their car carrier newbuildings. The duo has revealed the delivery of the 7,000 ceu Electric Star to Noatum Maritime for an undisclosed…

  • Uptick in blank sailings as US and China trade tariff blows

    Uptick in blank sailings as US and China trade tariff blows Global supply chain managers are having to contend with more blanked container sailings as the world’s top two economies show no sign of giving ground in an escalating trade war. China responded today to US president Donald Trump’s cumulative 145% tariffs, placing 125% tariffs…

  • US targets UAE-based Indian in latest Iranian sanctions

    US targets UAE-based Indian in latest Iranian sanctions The Trump administration’s so-called maximum pressure campaign on Iran has turned its attention to Jugwinder Singh Brar, an Indian national based in the United Arab Emirates, who owns the companies Prime Tankers and Glory International. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

  • North Korean iron ore shipments spark sanctions

    North Korean iron ore shipments spark sanctions The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which…

  • Fire hits German boxship off Dutch coast

    Fire hits German boxship off Dutch coast A rescue mission is underway in the Dutch North Sea after an explosion triggered a fire on board a German-owned containership. The 1,368 teu 2009-built Victoria L suffered a blaze in the engine room around 13.00 hrs local time near Hoek van Holland. Two helicopters and multiple vessels…

  • How Trump’s new economic order risks sinking green shipping

    How Trump’s new economic order risks sinking green shipping Matt Kenney, the head of Laureate Communications, warns readers on how Trump’s economic policies could sideswipe the most ambitious maritime transformation in a generation. Let’s begin with a truth so plain it should not require reiteration: President Trump’s tariff agenda is not a tantrum, nor a…

  • China slaps retaliatory tariffs on all US goods

    China slaps retaliatory tariffs on all US goods After US president Donald Trump imposed tariffs on countries across the world earlier this week, it did not take much time for Beijing to return the favour. The Chinese authorities said on Friday that the country would impose 34% tariffs on all imports from the US starting…

  • Trump ignites global trade war, major economies vow retaliation

    Trump ignites global trade war, major economies vow retaliation US president Donald Trump has slapped additional tariffs of 34% on imports from China, also hitting emerging manufacturing powerhouses like Vietnam and Cambodia hard, while targeting European Union imports with 20% tariffs, and adding a baseline of 10% on most goods imported to the US. As…

  • British maritime law firms merge

    British maritime law firms merge UK specialist maritime law firms Tatham & Co and Sea Green Law have merged into a single 22-lawyer practice. The combined entity began operating on April 1, 2025, under the Tatham & Co name. The company will be jointly led by lead partners Stephen Askins and James Hickland from Tatham…

  • A.P. Moller Holding moves to take Svitzer private

    A.P. Moller Holding moves to take Svitzer private Denmark’s A.P. Moller Holding (APMH) has made an all-cash offer to take towage operator Svitzer private. The offer, valued at about $1.3bn, comes at nearly a 32% premium to Tuesday’s closing share price in Copenhagen. APMH holds 47% of shares in Svitzer, which demerged from Maersk last…

  • Geneva Dry Dialogues: Seaber

    Geneva Dry Dialogues: Seaber The tech space in dry bulk is crowded, concedes Sebastian Sjöberg, the CEO and co-founder of Seaber, a predictive AI platform providing data-driven decision support for scheduling and chartering optimisation. It’s a point evidenced by the fact that more than a third of the 58 sponsors of this year’s Geneva Dry…

  • Shipping and scenario planning

    Shipping and scenario planning How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be plausible. The idea is…

  • Subsea7 awarded Northern Lights contract

    Subsea7 awarded Northern Lights contract Oslo-listed Subsea7 has won a contract from Equinor worth between $50m and $150m for the second phase of the Northern Lights CO2 transport and storage project offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of a five-kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals,…

  • COSCO Shipping Specialized Carriers books semisub heavylift ship at GSI

    COSCO Shipping Specialized Carriers books semisub heavylift ship at GSI COSCO Shipping Specialized Carriers is expanding its fleet of semi-submersible heavylift vessels with another newbuilding. The unit of COSCO Shipping Group has returned to Guangzhou Shipyard International for a 70,000 dwt unit as part of its plan to strengthen its position in the semisub offshore…

  • Bulgaria proposes security centre for Black Sea shipping

    Bulgaria proposes security centre for Black Sea shipping Bulgaria has proposed to establish and host a multinational maritime coordination centre aimed at ensuring the safety of shipping in the western part of the Black Sea . The proposal was made by the country’s prime minister, Rossen Zhelyazkov, after the Ukraine security summit in Paris on…

  • Car carriers in retreat as Trump unveils 25% auto tariffs

    Car carriers in retreat as Trump unveils 25% auto tariffs The US administration confirmed yesterday that it will go forward with the implementation of a 25% tariff on all foreign-built cars, something that is expected to add greater pressure to car carrier rates which have been coming off multi-year highs in recent months. US president…

  • Hacker group claims to have knocked out comms on 116 Iranian vessels

    Hacker group claims to have knocked out comms on 116 Iranian vessels Lab Dookhtegan, a hacker group, has claimed this week it has disrupted the communication networks of 116 ships belonging to Iran’s top two shipping firms. “In an unprecedented move, we successfully disrupted the communication network of two Iranian companies that, among various terrorist…

  • Fred Olsen Ocean sells out of United Wind Logistics

    Fred Olsen Ocean sells out of United Wind Logistics Norway’s Fred Olsen Ocean has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Group sister company United Heavy Lift for €48.5m ($52.6m). The Oslo-based Bonheur subsidiary said the transaction should close by end-April and that the gross proceeds from…

  • Red Sea transits off limits for most as Israel pounds Gaza

    Red Sea transits off limits for most as Israel pounds Gaza The majority of the global merchant fleet is expected to keep away from the Red Sea for the foreseeable future as the security situation in the region worsens. The Israeli military has carried out extensive strikes overnight along the Gaza Strip after talks to…

  • Box charter to freight rate ratio hits record high of 289%

    Box charter to freight rate ratio hits record high of 289% Containership utilisation has slipped below 90% on many of the sector’s biggest tradelanes, while the gap between box freight rates and charter rates has hit an all-time high. Data from Linerlytica shows boxship utilisation on three of the four main tradelanes has fallen below…

  • The next big maritime tech breakthroughs

    The next big maritime tech breakthroughs In the second instalment of our brand new magazine, Maritime CEO canvasses the industry on all things tech. For Mikael Skov, who heads up Hafnia, the world’s largest product tanker owner, artificial intelligence emissions reduction and autonomous vessels are likely going to be the biggest tech breakthroughs in general…

  • Cyber security and the five key elements in UR E26 regulatory compliance

    Cyber security and the five key elements in UR E26 regulatory compliance IT safety is evolving from a box-ticking exercise to an essential business tool, required by regulators and stakeholders, writes Nicolas Furge, president, Marlink Cyber. Cyber risk is a growing concern across the shipping industry, from vessel operators and charterers to ports and the…

  • Oskar Wehr seals newbuild quartet in China

    Oskar Wehr seals newbuild quartet in China Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding…

  • US could bar ships from countries seen to be creating maritime chokepoints

    US could bar ships from countries seen to be creating maritime chokepoints In the latest maritime bombshell coming out of Washington DC, the Federal Maritime Commission, the country’s shipping regulator, has warned it might bar entry to ships from countries found to be causing choke points at key locations around the world. The FMC yesterday…

  • Höegh Autoliners snaps up leased car carrier

    Höegh Autoliners snaps up leased car carrier Norwegian car carrier player Höegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option at Parcar Shipholding on the 2010-built Höegh Copenhagen. The deal worth $36.5m will see the 7,850 ceu vessel switch ownership in August, the Andreas Enger-led…

  • Video footage of North Sea accident surfaces

    Video footage of North Sea accident surfaces Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of…

  • Captain arrested on suspicion of gross negligence manslaughter over North Sea collision

    Captain arrested on suspicion of gross negligence manslaughter over North Sea collision The captain of the containership Solong, involved in a collision with the Stena Immaculate tanker in the UK North Sea, has been arrested on suspicion of gross negligence manslaughter. The incident, which took place on Monday with both ships bursting into flames after…

  • Russian strikes kill four crew in Odesa

    Russian strikes kill four crew in Odesa Barbados-flagged bulk carrier MJ Pinar was hit by Russian missiles at the port of Odesa yesterday evening with four crew killed, and another injured. The dead crew hailed from Syria and Ukraine. The handysize vessel was loading a cargo of wheat when it was struck with images showing…

  • Containership likely to sink after North Sea collision

    Containership likely to sink after North Sea collision The Solong containership involved in Monday’s collision in the UK North Sea is unlikely to remain afloat, British maritime minister Mike Kane has said. “Modelling suggests that should Solong remain afloat, it will remain clear of land for the next few hours. The assessment of HM Coastguard…

  • Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears

    Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears The first signs of a two-tier market are emerging in anticipation of Donald Trump’s likely penalisation of Chinese-built tonnage.  Broker BRS is reporting Chinese-linked ships are now becoming “far less attractive” for long time charters due to the likelihood that,…

  • Fires continue to burn in North Sea following yesterday’s ship collision

    Fires continue to burn in North Sea following yesterday’s ship collision The search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the…

  • Massive fire erupts as tanker and boxship crash off UK coast

    Massive fire erupts as tanker and boxship crash off UK coast A major rescue operation is underway in the North Sea after a product tanker and a containership crashed and caught fire off the coast of Hull in east Yorkshire, UK. A US-flagged MR tanker Stena Immaculate was struck by the Portugal-flagged containership Solong while…

  • South Africa seeks operator for multipurpose terminal in Durban

    South Africa seeks operator for multipurpose terminal in Durban South Africa’s Transnet National Ports Authority (TNPA) is looking for an operator for a multipurpose terminal in Durban. The state-run ports and freight-rail operator has invited interested parties to submit proposals to design, develop, fund, build, operate, maintain, and transfer the terminal in the Maydon Wharf…

  • Deep sea cargo fleet moving at record low speeds

    Deep sea cargo fleet moving at record low speeds Ocean-going merchant ships are moving slower than ever. Average speeds across the deep sea cargo fleet in the first quarter this year are at a new low, according to data from Clarksons Research. Certain sectors that have been struggling commercially in the opening months of the…

  • A blank spot in cadet training?

    A blank spot in cadet training? Andrew Craig-Bennett calls for new requirements before going to sea. The need to recruit cadets is constant and many, but certainly not all, ship managers and ship owners have cadet recruitment and training programmes. I hear rather often from friends at sea that they are concerned about the education…

  • A.P. Moller Capital buys into Philippine logistics firm

    A.P. Moller Capital buys into Philippine logistics firm A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. Established in 2021, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution, and contract logistics. The Copenhagen-based infrastructure fund management affiliate of A.P. Moller…

  • The curse of criminalisation

    The curse of criminalisation The case of the Phoenician M and the 30 year sentences passed down to crewmembers has incensed Steven Jones, the founder of the Seafarers Happiness Index. Shipping just does not have the right system to deal with the criminalisation of seafarers, and this needs to change, he writes in an exclusive…

  • Female seafarers helpline launches

    Female seafarers helpline launches International maritime charity Sailors’ Society has set up a dedicated helpline for female seafarers. Launching on International Women’s Day (March 8) the 24/7 helpline will allow female cadets and seafarers to speak in confidence to a female member Sailors’ Society team. The service is intended to provide emotional support, crisis assistance,…

  • Royal HaskoningDHV expands with Arch Henderson buy

    Royal HaskoningDHV expands with Arch Henderson buy Engineering consultant firm Royal HaskoningDHV has acquired Scotland-based maritime engineer company Arch Henderson. By bringing Arch Henderson on board, Royal HaskoningDHV significantly strengthens its UK business to over 800-strong. The companies did not disclose financial information about the buy. Arch Henderson will retain its brand name in the…

  • Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake

    Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake. The Copenhagen-headquartered outfit, which manages a fleet of between 90 and 110 geared handysize and ultramax vessels, is taking over the Burlington-based company for an undisclosed sum.…

  • Marcura buys Shipster

    Marcura buys Shipster Maritime tech firm Marcura has acquired AI-driven document intelligence start-up Shipster. Shipster specialises in AI-driven document automation, particularly in extracting and structuring key data from shipping documents like statements of facts, letters of indemnity, bills of lading, and generating handover instructions. The acquisition is part of Marcura’s broader strategy to develop and…

  • Sedna buys workflow automation platform Flytta

    Sedna buys workflow automation platform Flytta UK-based technology firm Sedna has acquired Flytta, an AI-powered workflow automation platform for global trade and supply chains for an undisclosed sum. Flytta originated as an in-house solution at Casper Shipping, designed to streamline internal operations before being further refined and commercialised by Seer. Flytta’s Customs Import and Export…

  • Trump’s trade war steps up a gear

    Trump’s trade war steps up a gear US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as well as a 20% duty on Chinese goods. China responded in kind, imposing…

  • The thousand faces ship: how Chinese vessels change names mid-voyage

    The thousand faces ship: how Chinese vessels change names mid-voyage The latest ship accused of damaging cables off Taiwan had a simple way of changing identity.  Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands. …

  • Russia hits two ships at the port of Odesa

    Russia hits two ships at the port of Odesa Russia targeted a containership over the weekend it claimed to be carrying weapons to Ukraine. The attack on the Mediterranean Shipping Co (MSC) ship at the port of Odesa also hit a nearby Sierra Leone-flagged bulk carrier in collateral damage.  The 1,118 teu MSC Levante F…

  • ONE boxship collides with Maersk vessel in Hong Kong

    ONE boxship collides with Maersk vessel in Hong Kong On Saturday evening the 364 m long ONE Columba allided with the 6,600 teu Clifford Maersk in Hong Kong port with videos showing a number of containers falling off the Maersk ship. The accident happened as the ONE vessel was proceeding to berth, its bow ramming…

  • Carisbrooke seals $27m newbuild financing

    Carisbrooke seals $27m newbuild financing UK owner Carisbrooke Shipping has secured financing for its newbuilding programme in the Netherlands. Germany’s KfW IPEX-Bank is backing the construction of two 7,700 dwt general cargo vessels at Thecla Bodewes Shipyards with around €26m ($27.3m). The ships in the so-called Labrax series have modern diesel-electric propulsion, with an option…

  • Louis Dreyfus Armateurs to be taken over by fellow private equity firm

    Louis Dreyfus Armateurs to be taken over by fellow private equity firm French family-owned shipowner Louis Dreyfus Armateurs (LDA) has revealed takeover talks with compatriot private equity firm InfraVia. The two companies have entered exclusive negotiations for Paris-based InfraVia to acquire an 80% stake in LDA which currently manages 23 ships in roro, offshore wind…

  • Pertamina International Shipping boss arrested over alleged oil import scheme

    Pertamina International Shipping boss arrested over alleged oil import scheme Pertamina International Shipping chief executive Yoki Firnandi has been arrested in connection with an alleged $12bn corruption scandal involving the procurement of crude oil and oil products. Indonesia’s Attorney-General’s Office named Yoki as one of seven suspects, four of whom were officials of Pertamina subsidiaries.…

  • Whitewashing the greenwashing

    Whitewashing the greenwashing Rob Mortimer, managing director of fuel specialist Fuelre4m, takes a challenging look at the outcomes from last week’s IMO Intersessional Working Group on the Reduction of GHG Emissions from Ships My biggest takeaways from the recent convening of 107 parties, representing 97% of the world’s shipping tonnage are: We’re committed to cutting…

  • JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome

    JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place. OSM Thome’s founding shareholders, OSM Maritime Partners and Skagerak Holding will continue as shareholders, resulting in what…

  • Shipmanagement ought to be a verb, not a noun

    Shipmanagement ought to be a verb, not a noun Mark O’Neil, president and CEO, Columbia Group, writes for Splash today. It’s time to see shipmanagement as a verb, not a noun—it should be viewed as a dynamic, ever-evolving field rather than a static industry. As efficiency, automation, and AI shape the future of shipmanagement, it…

  • Captain of aircraft carrier involved in collision off Egypt dismissed

    Captain of aircraft carrier involved in collision off Egypt dismissed The US Navy has decided to relieve the commanding officer of the USS Truman – the nuclear-powered aircraft carrier that had a collision with a bulk carrier off Egypt last week. Captain Dave Snowden was relieved Thursday for “loss of confidence in his ability to…

  • Ciner Shipping decamps from Istanbul to Athens

    Ciner Shipping decamps from Istanbul to Athens One of Turkey’s largest shipowners is decamping to Greece. Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation. Ciner Shipping owns and operates a…

  • Russian ship in trouble with hull breach

    Russian ship in trouble with hull breach A Russian Panama-flagged cargo ship carrying 3,000 tons of corn is in trouble the Sea of Azov after suffering a hull breach near the port of Azov in Russia’s Rostov region, according to local media. The 46-year-old vessel, Pavlo Grabovskiy, departed from Rostov en route to Samsun in…

  • More than 70 ships set to be added to EU sanctions list

    More than 70 ships set to be added to EU sanctions list European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The wide-ranging 16th package of sanctions is expected to see more than 70…

  • Africa increasingly seen as the next crewing frontier

    Africa increasingly seen as the next crewing frontier With shortages of crew from traditional seafaring sourcing nations, Schulte Group shipmanager BSM has turned to West Africa as its new source of seafarers. Germany’s Bernhard Schulte Shipmanagement is diversifying its crew pool by launching a maritime training centre in Ghana, located on the campus of the…

  • CORE POWER launches civil nuclear program focused on floating power plants

    CORE POWER launches civil nuclear program focused on floating power plants Shipping nuclear propulsion start-up CORE POWER has announced that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to the market by the mid-2030s. The program, named Liberty, will encompass modular construction of advanced fission technology and create…

  • Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt

    Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea. The accident happened late on Wednesday night near Egypt’s Port…

  • Seafarer salaries and retention rates on the rise

    Seafarer salaries and retention rates on the rise Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers’ Survey by Danica Crewing Specialists has revealed. In its survey of in-house crew managers in shipowning and shipmanagement companies, almost 90% reported that they had increased salaries in…

  • MPC Capital takes stake in Wilhelmsen vessel performance management platform

    MPC Capital takes stake in Wilhelmsen vessel performance management platform German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen’s performance management firm BestShip. The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum. The deal expands MPC Capital’s maritime services and reinforces its growth in…

  • Melina Travlos re-elected as president of Union of Greek Shipowners

    Melina Travlos re-elected as president of Union of Greek Shipowners Melina Travlos has been re-elected for a second term as president of the Union of Greek Shipowners (UGS). The head of Neptune Group of companies, which includes carrier owner and operator Neptune Lines as well as a dry bulk outfit, Neptune Dry Management, will lead…

  • Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering

    Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering Finnish logistics player Hacklin Group has strengthened its business with the acquisition of a considerable stake in compatriot shortsea operator Nordic Chartering. The move of Hacklin joining as the shareholder for an undisclosed sum will build a strong foundation for future vessel investments, the companies said…

  • UN reviews regulation as seafarers revealed to work 74% above global average

    UN reviews regulation as seafarers revealed to work 74% above global average Following exhaustive research showing how jobs onboard are still too 24/7, the United Nations’ International Labour Organization (ILO) will look to tighten up the language surrounding work/rest regulations at sea at a Special Tripartite Committee of the Maritime Labour Convention (MLC), scheduled to…

  • CMA CGM and AD Ports establish Congo terminal venture

    CMA CGM and AD Ports establish Congo terminal venture French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned…

  • Navibulgar ship accused of subsea sabotage off the hook

    Navibulgar ship accused of subsea sabotage off the hook Swedish prosecutors have released the vessel suspected of cutting a fibre-optic subsea cable between Latvia and the Swedish island of Gotland after assessing the event as an accident, not sabotage. The Swedish Prosecution Authority seized the Navibulgar-owned, 32,200 dwt bulker Vezhen on January 26. Swedish authorities…

  • What we can learn from aviation when it comes to all things digital

    What we can learn from aviation when it comes to all things digital Julian Panter, the CEO of SmartSea, on why maritime must embrace digital transformation to stay afloat in the 21st century. The maritime industry is under threat of long-term risks such as operational inefficiencies and regulatory non-compliance due to some companies clinging to…

  • BSM’s Sebastian von Hardenberg appointed new president of InterManager

    BSM’s Sebastian von Hardenberg appointed new president of InterManager The chief executive of Germany’s Bernhard Schulte Shipmanagement (BSM), Sebastian von Hardenberg, has been elected as the new president of InterManager. He takes over from Columbia Shipmanagement president and CEO Mark O’Neil, who has been at the helm of the industry association whose members manage over…