Tag: seatrade maritime

ICS names new Chairman Designate John Denholm is set to become chairman of the International Chamber of Shipping (ICS) in 2026. Marcus Hand Go to seatrade maritime

Spot rate volatility hits Asia – Europe container trades Redeployment of tonnage from the Transpacific has put rates under pressure between Asia and Europe. Nick Savvides Go to seatrade maritime

World’s first wind-assisted Aframax product tanker named in China The world’s first wind-assisted Aframax product tanker Brands Hatch built for Union Maritime has been named. Katherine Si Go to seatrade maritime

Cosco Shipping inaugurates North China HQ in Tianjin Cosco Shipping Group has set-up a North China headquarters to promote business in the region. Katherine Si Go to seatrade maritime

Dubai reaches for unified multimodal digital trade platform Major Middle East retailer Landmark explains why digitalisation is essential in its decision to use Jebel Ali as the hub for its GCC logistics activity, while DP World outlines its plans for fully multimodal digital integration. Gary Howard Go to seatrade maritime

Voluntary decarbonisation standards need ambition and transparency, says UCL Study notes improvements in initiatives like the Poseidon Principles, but more progress needed to lead the decarbonisation of shipping. Gary Howard Go to seatrade maritime

Firefighters continue to tackle blaze on Wan Hai ship The Indian Coast Guard say that firefighting operations on the Wan Hai 503 have significantly reduced the blaze on the vessel. Marcus Hand Go to seatrade maritime

Ports critically misaligned with net zero transition trajectory A temperature check on the maritime industry’s decarbonisation and digitalisation progress found ports lagging the necessary pace of change – along with the rest of shipping. Gary Howard Go to seatrade maritime

A decade of measuring seafarer happiness How 10 questions to seafarers on SurveyMonkey turned into a bellwether on the state of crew welfare. Marcus Hand Go to seatrade maritime

Alarm as crew criminalisation on the rise The increase of seafarer criminalisation has led to Bimco to call for Interpol to intervene in cases. Nick Savvides Go to seatrade maritime

Adventure Race Japan raises $1.85m for seafarer welfare The second edition of the Mission to Seafarers (MtS) Adventure Race Japan exceeds fundraising target. Marcus Hand Go to seatrade maritime

Port digitalisation has far-reaching benefits Hamburg Port Consulting (HPC) speaks with Seatrade Senior Correspondent Gary Howard about trade as a facilitator of peace and the wide range of challenges that can be solved at sea, in port, and in port hinterlands through the use of Maritime Single Windows and Port Community Systems. Gary Howard Go…

Cosco Shipping port in Peru granted operating license Chancay Port in Peru developed by Cosco Shipping Ports has been granted an official license by the country’s President. Katherine Si Go to seatrade maritime

Shipowner decarbonisation ambition and action rise More owners and operators prioritising decarbonisation, setting goals, implementing strategies, and using biofuels, GCMD report finds. Gary Howard Go to seatrade maritime

Geopolitical instability tops risks facing shipping: ICS Political instability, cyber security threats, and regulatory challenges are the leading concerns for top executives in shipping. Marcus Hand Go to seatrade maritime

Intercargo warns of security risks as bulker safety improves Groundings, cargo liquefaction, and cargo shifting were leading threats to life on bulkers in the decade to 2024. Gary Howard Go to seatrade maritime

Damen launches combi freighter vessels for Fast Lines Damen has launched two new Damen Combi Freighter 3850 vessels in China for Fast Lines. Michele Labrut Go to seatrade maritime

Wan Hai vessel fire – search for missing crew continues Firefighters are battling the blaze that has spread the length of Wan Hai 503 after an explosion in the forward cargo section yesterday. Nick Savvides Go to seatrade maritime

Port of LA’s Berth 55 goes electric The complete transition from propane to battery-electric forklifts at SSA Marine’s Berth 55 at the Port of LA is a taste of the group’s decarbonisation ambition. Gary Howard Go to seatrade maritime

Cosco Shipping in leasing deal for six heavy-lift newbuilds Cosco Shipping Specialized Carriers is growing its fleet chartering six newbuilds from financial service provider BOCOM Leasing. Katherine Si Go to seatrade maritime

Private equity firm GTCR and Manish Singh launch maritime tech company US private equity firm GTCR has teamed up with industry veteran Manish Singh to create a new venture Maris Investment seeking to acquire maritime technology companies. Marcus Hand Go to seatrade maritime

A place of refuge in the Middle East Gulf DP World and Dubai Ports Authority have invested heavily in preparation for any situation in which ships arrive in need of assistance. Gary Howard Go to seatrade maritime

PSA’s Baltic Hub inaugurates Gdańsk T3 terminal New terminal to boost capacity at Polish terminal by 50%. Gary Howard Go to seatrade maritime

Wan Hai vessel explosion forces crew to abandon Ship Four crew reported missing as containership continues to burn off the coast of India. Nick Savvides Go to seatrade maritime

China Shipowners’ Association establishes London representative office ICS, IMO, and COSCO Shipping among those to welcome association’s new office in the UK capital. Katherine Si Go to seatrade maritime

PIL names LNG dual-fuel container ship in Singapore Pacific International Lines (PIL) named the newbuilding Kota Ocean in its home base of Singapore on Friday. Marcus Hand Go to seatrade maritime

MSC launches Medlog inland terminal near Paris The world’s largest container line has officially inaugurated an inland terminal at Paris-Bruyères, located 40 kms north of Paris. Michele Labrut Go to seatrade maritime

Video – Car carrier Morning Midas adrift and on fire Fire continues to burn on the abandoned car carrier Morning Midas but there is no sign vessel is taking on water. Marcus Hand Go to seatrade maritime

Polembros orders product tankers at Zhoushan Changhong Zhoushan Changhong International Shipyard has inked contracts for up to eight LR2 tankers from Polembros Shipping. Katherine Si Go to seatrade maritime

Green gains as volumes turn red Some of Europe’s largest ports have remained resolute in their strategic investments in decarbonisation initiatives despite facing challenges in cargo throughput volumes. Gary Howard Go to seatrade maritime

PSA joins GCMD as a strategic partner PSA International has become the first port operator to join Singapore’s Global Centre for Maritime Decarbonisation (GCMD) as strategic partner. Go to seatrade maritime

Jeddah doubles down on logistics expansion Saudi Arabia’s Red Sea port presses on with development plans after completing DP World’s state-of-the-art South Container Terminal. Gary Howard Go to seatrade maritime

Wah Kwong launches clean fuel subsidiary Venture Energy Procurement and trading company to connect Chinese producers with end users as well as procure volumes for Wah Kwong. Gary Howard Go to seatrade maritime

Abandoned Morning Midas still burning, salvage tugs four days away Salvors Resolve Marine appointed by Zodiac Maritime are heading towards the abandoned car carrier Morning Midas on fire in the Pacific. Marcus Hand Go to seatrade maritime

Bimco to develop USTR clause for contracts Port fees on Chinese-built ships by the US set to come into force in October are a potential point of dispute. Marcus Hand Go to seatrade maritime

Alfa Laval lands Trafigura ammonia boiler contract As a zero-carbon fuel, ammonia is a promising future fuel but advanced boiler technology is required to handle purge gas and other waste gases. Paul Bartlett Go to seatrade maritime

Union Maritime marks first newbuild tanker with BAR WindWings BAR Technologies announces LCO2 design collaboration as first of at least 14 WindWing-equipped vessels set for delivery. Gary Howard Go to seatrade maritime

Panama ports post strong performance despite Trump’s attention Accusatory rhetoric from the US has yet to have an impact, but the effect of potential tariffs is a concerning unknown. Michele Labrut Go to seatrade maritime

Crew evacuated from Zodiac car carrier after electric vehicle fire The crew of the PCTC Morning Midas were unable to bring a fire under control that started on a deck carrying electric vehicles. Marcus Hand Go to seatrade maritime

ONE signs first European shore power deal in Hamburg Hamburg Port Authority to supply Ocean Network Express ships with power, including at CTA and CTB terminals. Gary Howard Go to seatrade maritime

Container market volatility here for the long run Structural changes in global trading patterns mean that the sharp shifts in container shipping markets seen in recent times are set to continue. Nick Savvides Go to seatrade maritime

Norwegian project aims to transform ship recycling to upcycling Hoegh Autoliners has given a project Nordic Circles a major shot in the arm to establish ship upcycling in Norway. Marcus Hand Go to seatrade maritime

Jotun receives LR approval for coating and robotic cleaning system Industry-first enhanced approval for antifouling coating granted to Sea Quantum Skate antifouling coating and HullSkater robot. Gary Howard Go to seatrade maritime

Kongsberg launches sensor-based emissions monitoring system Kongsberg Maritime has unveiled a Continuous Emissions Monitoring System (CEMS) to track real-time exhaust emissions from ships. Paul Bartlett Go to seatrade maritime

Hutchison ports sale at the centre of global power struggle Two superpowers with a formidable influence on world trade have keen and opposing interests in the proposed sale of CK Hutchison’s port holdings. Gary Howard Go to seatrade maritime

OPEC+ production increase a boost for the tanker market Tanker owners will welcome this weekend’s decision by members of the OPEC+ cartel to up July production by more than 400,000 barrels per day. Paul Bartlett Go to seatrade maritime

WinGD extends after-sales support into lifetime engine service Marine engine major, WinGD, has revealed a new strategy to extend the services normally provided during an engine warranty period to full lifetime support. Paul Bartlett Go to seatrade maritime

SGS FastRig sea trials support up to 40% fuel savings claim Green tech firm chartered nuclear waste carrier for four weeks of scientifically rigorous testing of its wind propulsion system. Gary Howard Go to seatrade maritime

Al Seer Marine and BGN launch LPG joint venture JV secures two medium sized LPG carriers on 10-year charters to serve Africa and Asia markets. Gary Howard Go to seatrade maritime

Maritime in Minutes – May 2025 in review A round-up of the top maritime and shipping stories in April on the Seatrade Maritime Podcast Gary Howard, Marcus Hand Go to seatrade maritime

Solong Captain pleads not guilty to manslaughter The Master of the container ship involved in a fatal collision with a tanker in North Sea has denied a charge of gross negligence manslaughter of crew member. Marcus Hand Go to seatrade maritime

AD Ports and Advario plot green energy venture UAE-based port operator AD Ports Group and Advario are to explore green energy and liquid bulk projects. Michele Labrut Go to seatrade maritime

Britoil Offshore Services adds six AHTs in China Britoil Offshore Services is expanding its fleet of anchor handling tugs with newbuilds from Jiangsu Zhenjiang Shipyard. Katherine Si Go to seatrade maritime

A new course direction for the Federal Maritime Commission The US regulatory body covering liner shipping is undertaking an investigation into flag-state practices. Barry Parker Go to seatrade maritime

Spot container freight rates skyrocket Key container shipping freight indexes have surged by as much as 30% over the last week as shippers rush to meet a pause 145% tariffs on Chinese imports into the US. Marcus Hand Go to seatrade maritime

Update on sanctions and the Red Sea with Mike Salthouse from NorthStandard Sanctions have become a part of daily life for shipowners and operators this episode explores the complexities of compliance Marcus Hand Go to seatrade maritime

Suction sails propel Odfjell tanker to 16% fuel savings The power of the wind exceeded expectations and generated other unexpected benefits on a recent trans-Atlantic crossing by an Odfjell tanker. Paul Bartlett Go to seatrade maritime

Ballast water system failure sank MSC ship: Indian authorities The sunken wreck of container ship MSC Elsa 3 has been declared a state-specific disaster by Kerala. Marcus Hand Go to seatrade maritime

New industry survey to assess readiness for S-100 data standards – take part now The United Kingdom Hydrographic Office (UKHO) is calling on maritime professionals to take part in an industry-wide survey assessing readiness for the upcoming S-100 data standards. Seatrade Maritime Go to seatrade maritime

US court tariff ruling cements volatility into shipping trades A US trade court has sowed even more “confusion and volatility” into markets with its ruling that Donald Trump’s tariff strategy was illegal. Nick Savvides Go to seatrade maritime

Container lines profits and margins drop sharply in Q1 The first quarter of 2025 has seen declining profits and margins for container lines as the sector faces an “eventful” remainder to the year. Marcus Hand Go to seatrade maritime

Three dead in Odessa port missile strike Three dock workers were killed and five injured in a Russian missile strike on the HHLA operated Container Terminal Odessa (CTO). Nick Savvides Go to seatrade maritime

Why greenhouse gas fuel intensity is important in retrofit choice Shipowners and operators must include greenhouse gas fuel intensity (GFI) as a key factor in their emissions management strategies according to Lloyd’s Register (LR). Paul Bartlett Go to seatrade maritime

CMA CGM in $600m Haiphong port development CMA CGM and Saigon Newport will jointly develop a new deepsea terminal in Haiphong, northern Vietnam. Michele Labrut Go to seatrade maritime

Pollution worries as more cargo washes ashore from MSC Elsa 3 Large numbers of plastic pellets or nurdles are washing ashore in Kerela from the MSC container ship that sank off the coast. Marcus Hand Go to seatrade maritime

New crewboats for PSA Marine vessel operator in Taiwan Ventus Marine takes delivery of new crew boat from Strategic Marine. Michele Labrut Go to seatrade maritime

US trade surge could trigger pandemic levels of port congestion US ports are again coming into focus as cargo orders ramp up, following the 14 May pause in 145% import tariffs on Chinese goods. Nick Savvides Go to seatrade maritime

Eastern Pacific Shipping dips toes in AI-navigation Singapore-based shipowner is deploying an AI-powered autonomous navigation solution from Avikus on two vessels. Michele Labrut Go to seatrade maritime

Container shippers fear efforts to ‘talk market up’ Smaller liners such as CULines re-enter the Transpacific as volumes are rates are expected to surge while 145% China tariffs by the US are on hold. Nick Savvides Go to seatrade maritime

MOL orders LNG-dual fuel VLCC at DACKS Tokyo-based Mitsui OSK Lines (MOL) has secured a dual-fuel VLCC chartering contract and the vessel is to be built by Dalian COSCO KHI Ship Engineering (DACKS). Katherine Si Go to seatrade maritime

Asian container lines launch North China – Indonesia service HMM, Pacific International Lines (PIL), and X-Press team up on new service connecting Indonesia ports with North China. Marcus Hand Go to seatrade maritime

MSC renews terminal lease in Port Everglades The world’s largest shipping line has extended its terminal lease in Everglades port for 10 years plus extensions. Michele Labrut Go to seatrade maritime

Brazilian and Dutch-Belgian ports plot green shipping corridor The Port of Santos and North Sea Port have inked a five-year agreement to collaborate on decarbonisation. Michele Labrut Go to seatrade maritime

Yangzijiang Shipbuilding orders plunge due to US port fees China’s largest private shipbuilder only inked contracts for six newbuildings so far this year as shipowners held back over due to uncertainty US Trade Representative (USTR) fees on Chinese-built vessels. Marcus Hand Go to seatrade maritime

Chinese newbuilding exports up 72.4% in April China continued to record strong growth of ship exports in April even as new orders come under pressure from US port fees and a volatile trading environment. Katherine Si Go to seatrade maritime

MSC container ship sinks off Indian coast, fears of oil spill All 24 crew were rescued from the MSC Elsa 3 after it started listing 38 nautical miles from Kochi and later capsized. Marcus Hand Go to seatrade maritime

Tariffs stall US importers, small businesses warn of bankruptcy A survey of small-to-medium US importers finds that only 6% have altered sourcing patterns despite the “mayhem” being caused by tariffs. Marcus Hand Go to seatrade maritime

Sedna expands workflow capabilities with CompassAir acquisition The logistics and supply chain communication platform is strengthening its position in the key shipowning markets of Greece and Norway with its latest acquisition. Marcus Hand Go to seatrade maritime

MSC gets green light for Wilson Sons takeover The world’s largest container line gets regulatory approval for its majority stake acquisition of Brazilian port and logistics operator. Go to seatrade maritime

Cadeler buys jack-up vessel from Shanghai Boqiang The acquisition of the jack-up vessel is to meet the increasing global demand for offshore wind turbine operations & maintenance (O&M) services. Katherine Si Go to seatrade maritime

Vetting platform RightShip seeks new shareholder RightShip is looking for an investor with expertise in data and technology to grow the platform. Marcus Hand Go to seatrade maritime

US ports hit out at proposed 100% tariff on China-built ship-to-shore cranes Terminal operators say USTR recommended tariffs on Chinese port cranes will not create new domestic production capacity out of thin air and and will result in sharply increased costs. Barry Parker Go to seatrade maritime

DP World making $2.5 bn in infrastructure investments this year UAE-based DP World plans to invest $2.5 billion this year to expand its global logistics network, launching major infrastructure projects across India, Africa, South America and Europe. Michele Labrut Go to seatrade maritime

Investcorp pumping in $550m to expand Oman port Bahrain-based Investcorp has entered an agreement to invest in the $550 million expansion of the Port of Duqm in Oman. Michele Labrut Go to seatrade maritime

China Merchants launches world’s first methanol dual-fuel car carrier The first methanol dual-fuel vehicle carrier has taken to the waters in China as automotive manufacturers look to reduce supply chain emissions. Go to seatrade maritime

Panama recovers $8.5 million in unpaid seafarer wages in 2024 Last year saw more than 50% rise in the amount of unpaid crew wages recovered by the Panama Maritime Authority underscoring the scale of the problem. Marcus Hand Go to seatrade maritime

Indian Government sets out $10bn tanker building strategy The world’s third largest importer of crude oil plans to ship crude oil in Indian-built tankers with a target of more than a hundred home-built vessels over the next 15 years. Paul Bartlett Go to seatrade maritime

MAN to deliver largest-ever methanol engine next month MAN Energy Solutions will deliver the first of 12 methanol-fuelled engines that will power a series of 24,000 teu container ships in June. Paul Bartlett Go to seatrade maritime

Dong Fang Offshore looks to Lamprell for wind turbine installation vessel UAE-shipyard Lamprell and Taiwan-based Dong Fang Offshore inked MOU for a newbuild NG-9000X wind turbine installation and maintenance vessel. Katherine Si Go to seatrade maritime

Fears of US port congestion returns as carriers ramp up services As US importers look to beat higher tariffs there is concern over congestion at marine terminals. Nick Savvides Go to seatrade maritime

UK upping enforcement of Russian oil export price cap Sanction compliance with the price cap for Russian oil exports an increasing focus of the UK authorities putting pressure on insurers, say NorthStandard. Marcus Hand Go to seatrade maritime

Houthis warn ships not to call Israel’s Port of Haifa Ships calling Haifa will have their company’s entire fleet sanctioned and subject to attack in the Red Sea, Yemeni group warns. Gary Howard Go to seatrade maritime

Galveston LNG Bunker Port gets green light for construction The Galveston-based LNG bunkering facility has received final authorisations from the US. Army Corps of Engineers and US Coast Guard. Michele Labrut Go to seatrade maritime

Greek bulker rescues 30 from capsized fishing boat An Indonesian fishing vessel Facific Memory II capsized close to the Singapore Strait with another vessel coming to the rescue. Marcus Hand Go to seatrade maritime

Repair yard association sets green agenda Five ship repair yards have launched an association which will accelerate the sustainable transition and innovation in the sector. Nick Savvides Go to seatrade maritime

Container shipping to brace for four-year rough ride Tariff turmoil and reorientation of trades – the Trump administration is sending box shipping into turbulent waters. Nick Savvides Go to seatrade maritime

Carbon charges add little in consumer costs Green cost premium for intermediate goods will be less pronounced for consumer goods, says Energy Transitions Commission. Nick Savvides Go to seatrade maritime

Inclusive workforce will be ‘a matter of sustainability’ As latest IMO-WISTA survey data shows extent of gender inequality in shipping, addressing the imbalance may become a matter of survival for shipping companies. Gary Howard Go to seatrade maritime

Port of Antwerp-Bruges launches Europe’s first electric tug Volta 1 takes to the water alongside five diesel-powered Reversed Stern Drive (RSD) tugs. Gary Howard Go to seatrade maritime

APM Terminals Brazil renews Pecem operating licence, announces expansion New berth and equipment investment to boost capacity from 650,000 to 850,000 teu. Michele Labrut Go to seatrade maritime