Tag: seatrade maritime

Crew connectivity a ‘powerful tool’ requiring strategic deployment Panellists at an Inmarsat Maritime ‘Thriving in the Digital Age’ seminar highlighted the power of connectivity to promote a happy and healthy environment for seafarers while advising a strategic approach to its deployment. Go to seatrade maritime

CMA CGM launches global recruitment website Site to provide simplified application process for seafaring positions across CMA CGM group ships. Michele Labrut Go to seatrade maritime

Maersk Sana now on week-long tow to Bahamas The 8,450 teu container ship, Maersk Sana which was stranded in the Atlantic for three weeks is finally on the move. Paul Bartlett Go to seatrade maritime

Buoyant lines bask in Indian summer Transpacific container spot rates have leapt as US importers look to fill the shelves before the 90-day trade war ceasefire ends. Nick Savvides Go to seatrade maritime

Panama must avoid maritime oligopolies warns new shipping association Nation must support terminal access and competition as container lines consolidate port holdings, says MAPA president. Michele Labrut Go to seatrade maritime

CSSC Engine and MAN Energy Solutions extend co-operation Companies extend 45-year partnership with ongoing focus on zero-carbon engine joint development. Katherine Si Go to seatrade maritime

Ascenz Marorka secures contract for China Merchants LNG carriers Ascenz Marorka is to supply digital solutions for a series of eight 175,000 cu metre LNG carriers to China Merchants Energy Shipping. Katherine Si Go to seatrade maritime

Crowley deploys second LNG-powered containership in Caribbean trades US-based Crowley has launched its second LNG-powered containership in the Avance Class fleet, expanding its ocean shipping capabilities in the Caribbean Basin. Michele Labrut Go to seatrade maritime

Drewry forecasts higher dry bulk rates in 2025 despite lower FFAs Trade growth and shipping demand growth to slow this year on geopolitics and global recession threat, analyst says. Gary Howard Go to seatrade maritime

Folk Maritime expands owned fleet to five ships with boxship trio Saudi short sea and feeder operator to put three Saudi-flagged vessels into service within the month. Gary Howard Go to seatrade maritime

Economic winter beckons as container lines feel the heat Container shipping’s long hot summer is ending with a distinct chill according to Danish Ship Finance (DSF)’s latest market review. Nick Savvides Go to seatrade maritime

Hanwha Ocean exits China joint venture South Korean shipbuilder is dissolving a joint venture with China Merchant Heavy Industries and refocusing its offshore business to Singapore. Katherine Si Go to seatrade maritime

ICTSI Mexican terminal adds new quay cranes Mexico’s ICTSI Contecon Manzanillo is boosting its capacity to 2 million teu with new equipment. Michele Labrut Go to seatrade maritime

Norden adds to MPP tally Danish outfit expanding project cargo capabilities with two further newbuild leases plus purchase options. Gary Howard Go to seatrade maritime

HMM’s first quarter profits up 51% The South Korean line has followed the trend of other container carriers in reporting good Q1 results against an uncertain backdrop for the remainder of the year. Marcus Hand Go to seatrade maritime

Fednav chief Pathy elected as Bimco President Paul Pathy from Canadian shipping firm Fednav is the 47th President of Bimco. Marcus Hand Go to seatrade maritime

LNG shipping capacity growth risks climate and financial failure, warns report Massive over-ordering of LNG carriers is endangering climate goals while the excess of capacity could lead to stranded assets for operators as demand for the fossil fuel wanes, according to a new report. Nick Savvides Go to seatrade maritime

PIL boosts Latin American presence with new office in Chile Singapore-based Pacific International Lines (PIL) is opening a new office located in Santiago, Chile. Michele Labrut Go to seatrade maritime

Cashew nut shell biofuel: ‘just don’t do it’ Experts advise an abundance of caution when dealing with development biofuel feedstocks in the maritime industry. Gary Howard Go to seatrade maritime

Suez Canal trying to lure back container ships The Suez Canal Authority has announced a new rebate on tolls for large container ships as the Houthi step-down attacks in the Red Sea. Marcus Hand Go to seatrade maritime

AD Ports boosts Kazakhstan investment plans to $775m Agreements signed on Caspian and open sea fleet expansion, aframax tankers, and heads of terms exchanged on Sarzha Multipurpose Terminal (SMT) development. Gary Howard Go to seatrade maritime

Larger fleet boosts RCL’s first quarter volumes Thailand’s Regional Container Lines (RCL) reports 236% increase in Q1 2025 net profit. Marcus Hand Go to seatrade maritime

US – China tariff deal receives mixed reactions Financial institutions have given the announcement of a 115%, 90-day, reduction in tariffs between China and the US a mixed reception, with relief over the lowering of the import duties tempered with fears over what is coming down the track. Nick Savvides Go to seatrade maritime

Chinese exports surge in April despite the trade war Exports of China goods continued to grow in April amid the high tariffs imposed by US during the month. Katherine Si Go to seatrade maritime

US-China tariff deal – no rush to book Pacific cargo Maritime industry experts are happy with the latest the slashing of US – China tariffs for 90 days but they warn “we are not out of the woods yet”. Nick Savvides Go to seatrade maritime

New round of sanctions heightens insurance concerns A hundred tankers and two marine insurance firms were targeted by new sanctions imposed by the UK on Friday as dodgy insurance and spoofed AIS ship data add complexity. Paul Bartlett Go to seatrade maritime

DP World signs $760m Dominican Republic port & free trade zone MoU Negotiations to begin on boosting Caucedo box capacity to 3.1m teu and unlock 225 hectares of free trade zone land. Gary Howard Go to seatrade maritime

Maersk sees no impact from USTR fees as this time The world’s shipping line says it does not expect increased costs to customers or changes to its network at present. Marcus Hand Go to seatrade maritime

DP World opens first warehouse in Singapore Dubai-headquarter ports and logistics group opens its first warehouse in the Southeast Asian shipping and aviation hub. Marcus Hand Go to seatrade maritime

China continues efforts to join Trans-Pacific trade partnership China has maintained its commitment to join CPTPP amid a trade war with the US. Katherine Si Go to seatrade maritime

Piraeus container terminal to offer biofuel bunkering Cosco Shipping controlled Piraeus container terminal is to provide biofuel bunkering services. Katherine Si Go to seatrade maritime

Every ship can be a research vessel to monitor the oceans Maritime operates in places that few other industries venture, it gives commercial vessels a unique opportunity to survey and monitor the health of our oceans that all life on Earth relies on. Nick Savvides Go to seatrade maritime

Bahri owned fleet hits 100 vessel milestone The Saudi Arabian shipowner reported an 18% growth in net profit in Q1 and continues to grow its fleet. Marcus Hand Go to seatrade maritime

Red Sea threat to shipping remains despite US and Houthi ceasefire Maritime security intelligence company Dryad Global urges shipowners to be cautious despite positive developments. Marcus Hand Go to seatrade maritime

Carbon capture tech could cut carbon emissions by up to 70% Wärtsilä has revealed its carbon capture technology under development since 2019 is now commercially available for new and existing ships. Paul Bartlett Go to seatrade maritime

Chat about Geopolitics & Trade with Stinne Taiger Ivø from BIMCO The ​pace ​of ​change ​in ​shipping ​creates ​challenges ​to ​ensure ​contracts ​are ​up ​to ​date ​and ​relevant. Marcus Hand Go to seatrade maritime

Allseas expands fleet with OCV order at Wuchang Shipbuilding Allseas is strengthening its offshore capabilities with the construction of two newbuild offshore construction vessels (OCVs). Katherine Si Go to seatrade maritime

Cosco Shipping Lines opens up Saudi Arabia office Cosco Shipping Lines is enhancing its presence in Middle East with new office in Saudi Arabia. Katherine Si Go to seatrade maritime

Confusion reigns as carriers and shippers grapple with tariffs The uncertainty surrounding US import tariffs is resulting in a hazy picture for demand and capacity challenging the planning of container lines and their customers alike. Nick Savvides Go to seatrade maritime

20 outstanding young maritime leaders revealed The final 20 candidates for this year’s prestigious Seatrade Maritime News 20Under40 have now been revealed. Seatrade Maritime Go to seatrade maritime

Houthi Red Sea truce could have profound impact on shipping News of a ceasefire between the US and the Houthi in Yemen stopping missiles targeting commercial shipping in the Red Sea would have a dramatic effect on container markets if it holds. Nick Savvides Go to seatrade maritime

Panama launches electronic vessel registry The Panama Maritime Authority (AMP) is modernising operations with the launch of the first phase of its Electronic Vessel Registry (REN) system. Michele Labrut Go to seatrade maritime

Armed robbers hit four ships in past week transiting Singapore Strait Armed robberies have continued over the last week in the Singapore Strait with four incidents reported to ReCAAP. Marcus Hand Go to seatrade maritime

Maersk hires tug from Europe to rescue powerless Maersk Sana Maersk has revealed that a tug is on its way from Europe in a ‘first time right’ strategy to rescue the stricken 8,450 teu Maersk Sana which is drifting without main engine power in the western Atlantic. Paul Bartlett Go to seatrade maritime

Gulf has critical role to play in decarbonisation, say IMO, DP World and UAE govt Resilience and innovation key to sustaining and advancing global supply chains, leaders tell Seatrade Maritime Logistics Middle East audience. Gary Howard Go to seatrade maritime

DNV sets up container ship centre in China DNV is enhancing its service capability in China with new centre for container ships in Shanghai. Katherine Si Go to seatrade maritime

Seatrade Maritime Logistics Middle East Opens with Industry Call to Action to Keep Trade Moving UAE Minister of Energy and Infrastructure says the world needs to be aligned when it comes to net-zero targets by 2050, the UAE will collaborate with internal and external stakeholders to achieve the UAE’s Net-Zero target by 2050. Seatrade Maritime…

US-flag international fleet plans ‘very ambitious’ As part of the SHIPS for America Act there is a goal for 250 US-flag and built vessels trading internationally in 10 years-time. Barry Parker Go to seatrade maritime

Dong Fang Offshore declares CSOV option at Vard Fincantieri subsidiary Vard is to build a commissioning service operation vessel (CSOV) for Dong Fang Offshore (DFO). Marcus Hand Go to seatrade maritime

ICTSI reports 14% jump in Q1 profit International Container Terminal Services Inc (ICTSI) ports handled 12% more containers in the first quarter of 2025. Marcus Hand Go to seatrade maritime

Rotterdam port launches €3.5m emissions reduction fund Carbonid to make up to €700,000 in financial support available to projects cutting greenhouse gas emissions in the Rotterdam port environment. Gary Howard Go to seatrade maritime

Seatrade Maritime Club Round Table signifies start of UAE Maritime Week Latest closed-door discussion launches UAE Maritime Week, discussing navigating trump tariffs and decarbonisation, and the seafarers role in decarbonisation. Go to seatrade maritime

Houthi threaten shipowners carrying US crude in the Red Sea The Houthi forces in Yemen say they will prohibit shipping companies carrying US crude exports in the Red Sea, Gulf of Aden and other areas where its forces are active. Marcus Hand Go to seatrade maritime

Maersk container ship adrift in mid-Atlantic after engine room blast Three seafarers have been injured in an engine room explosion on board the 21-year-old 8,450 teu container ship, Maersk Sana. Paul Bartlett Go to seatrade maritime

Advocacy in action: Seafarers’ rights advance at international maritime meeting A look at developments seafarer rights at the recent meeting on the Maritime Labour Convention held in Geneva. Go to seatrade maritime

Manila South Harbour expansion and upgrading completed DP World’s and Asian Terminals Inc (ATI) in Manila have completed $100 million in expansion and upgrading projects. Marcus Hand Go to seatrade maritime

Wallenius Wilhelmsen takes full ownership of Armacup Wallenius Wilhelmsen has bought the outstanding 35% of shares in New Zealand-based shipping Armacup, that it did not already own. Marcus Hand Go to seatrade maritime

Norden expects limited impact from US port fees Watered-down fees for Chinese vessels will have limited impact on tankers and dry bulk, but unpredictable policy moves could affect business, says Norden. Gary Howard Go to seatrade maritime

SWS inks order for six container ships from Seaspan Seaspan is returning to Shanghai Waigaoqiao shipyard for six boxships. Katherine Si Go to seatrade maritime

FMC upholds Samsung Electronics D&D claim against Zim Container line Zim to pay $3.68 million in compensation for violating the US’ Ocean Shipping Reform Act. Go to seatrade maritime

TotalEnergies and OQEP break ground on Oman LNG plant Marsa LNG in Oman is set to become the first LNG bunkering hub in the Middle East from 2028. Marcus Hand Go to seatrade maritime

ONE reports 336% rise in annual profit Ocean Network Express (ONE) booked a $4.24 billion profit for FY2024 but expects to make no more than a quarter of that in the coming year. Marcus Hand Go to seatrade maritime

Hapag-Lloyd profits up in Q1, uncertainty ahead Hapag-Lloyd is off to a good start in 2025 but uncertainties lie ahead with lower results expected for the year. Marcus Hand Go to seatrade maritime

OOCL in $3.1 bn container ship order splash The Hong Kong-headquartered container line has contracted 14 methanol dual-fuel boxships. Go to seatrade maritime

Falling demand and higher rates – Pacific container trades defy gravity? “Shippers should call the carriers’ bluff,” according to one analyst as demand on the Pacific trades crater, particularly out of China, carriers are continuing to cut capacity to head off a looming freight rate bloodbath. Nick Savvides Go to seatrade maritime

CMB.Tech sees disposal candidates in Golden Ocean fleet Don’t be surprised if we sell four to seven vessels to reinvest in newer tonnage, CEO tells investors. Gary Howard Go to seatrade maritime

Dry bulk shipping largely unaffected by USTR fees, tariffs In dry bulk shipping USTR fees only major impact will be on Hong Kong and Chinese owners, but reciprocal tariffs on US exports could be a concern, says Maritime Strategies International (MSI). Marcus Hand Go to seatrade maritime

Sinopec and Saudi Aramco setting up $3.95bn joint venture Sinopec and Saudi Aramco agrees to establish joint venture focused on port operation and crude oil transportation. Katherine Si Go to seatrade maritime

Norden sells its 12th vessel this year Danish shipowner Norden has continued selling off vessels with a handysize deal. Marcus Hand Go to seatrade maritime

Nakilat profit up 3% in ‘dynamic global market’ Lower expenses bring greater profit on stable revenue at Qatari LNG carrier specialist. Gary Howard Go to seatrade maritime

Noatum Maritime invests in electric harbour vessels Noatum Maritime, part of Abu Dhabi-based AD Ports Group’s Maritime & Shipping Cluster is acquiring the region’s first all-electric hydro foiling pilot boat, and two fully electric tugboats. Michele Labrut Go to seatrade maritime

WSC stresses box shipping positive economic impact as US policy risks harm S&P report claims liner shipping supports 6.4m US jobs and drives $1.1trn of US GDP. Gary Howard Go to seatrade maritime

CMA CGM becomes majority owner of Brazil’s largest container terminal The French container closed an acquisition of a 47.9% stake in the Port of Santos, Brazil, giving it a 51% stake. Marcus Hand Go to seatrade maritime

Wison New Energies bags Petronas FLNG DFS contract Wison New Energies has officially signed Detailed Feasibility Study (DFS) for a new-build FLNG facility in Petronas’ Suriname’s Offshore Block 52. Katherine Si Go to seatrade maritime

Mawani to develop $80m King Abdulaziz Port auto logistics park Alissa Universal Motors and Saudi Ports Authority to build dedicated vehicle import and re-export park in Dammam. Gary Howard Go to seatrade maritime

Tariffs bring swift refocus of supply chains on SE Asia Freight rates out of China have quickly slipped below the levels from Southeast Asia as the impact of tariffs rapidly refocuses the movement of goods heading for the US. Nick Savvides Go to seatrade maritime

Explosion at Iran’s biggest port kills 40 At least 40 killed and 800 injured in major explosion at Iran’s main container hub as fires continue to burn. Gary Howard Go to seatrade maritime

Houthi issue threat to ships carrying weapons for Israel Vessels carrying weapons from Houthi-sanctioned aerospace and defence companies may end up targeted by its forces, group warns. Gary Howard Go to seatrade maritime

Bow Olympus nears end of close-to-zero-emission trans-Atlantic voyage Suction sails and B100 biofuel demonstrate remarkable emissions performance and the success of Odfjell’s dual-propulsion strategy. Paul Bartlett Go to seatrade maritime

ZIM suspends China-Los Angeles service Shipping Line ZIM is suspending a China-US service due to the uncertain market. Katherine Si Go to seatrade maritime

Wärtsilä orderbook at record level on close of first quarter Alternative fuels accounted for 65% of capacity of contracted vessels in the first quarter. Paul Bartlett Go to seatrade maritime

Norden trials carbon-negative biofuel in auxiliary engine Fuel created from pyrolysis of agricultural waste set for main engine test in next phase of trial. Gary Howard Go to seatrade maritime

Back to the future economics to send ships to scrapyards Rising global tariffs may have unexpected impacts on the price of older ships just as scrapping pressure rises with container shipping overcapacity. Nick Savvides Go to seatrade maritime

ABS chairman and CEO Wiernicki to retire ABS boss to step down after 14 years at the helm of US classification society. Gary Howard Go to seatrade maritime

Shippers’ 90-day inventory chase: the race is on US-imposed structural changes to container trades loom, but forecasting is difficult as confidence in policy longevity remains low. Nick Savvides Go to seatrade maritime

ICTSI to expand Rio Brasil terminal Acquisition of inactive shipyard creates expansion opportunities for Rio Brasil Terminal. Michele Labrut Go to seatrade maritime

ICS ME blends insight and celebration at 2025 conference and awards The evening featured a signing ceremony for a Memorandum of Understanding (MoU) between ICS Middle East and the Kuwait Shipping Companies & Agents Association (KSCAA). Go to seatrade maritime

BV to class Union Maritime wind-assisted methanol-ready tankers Six Norsepower Rotor Sail-equipped oil and chemical tankers mark first phase of broader BV-classed fleet expansion. Gary Howard Go to seatrade maritime

China’s manufacturers feel the tariff pinch Factories that rely on American markets are already feeling the cold hand of recession as shippers cancel orders and US shippers assess their options in an effort to minimise the worst effects of tariffs. Nick Savvides Go to seatrade maritime

Indian shipbuilding takes another step forward with Damen deal Damen continues to tie up with Indian yards as Indian government seeks to boost shipping sector. Paul Bartlett Go to seatrade maritime

US Merchant Marine Academy midshipman takes first place in research competition Winners tackled upcoming trends and external factors impacting shipping, such as the push for LNG as a fuel and the global impacts of Houthi attacks on merchant ships. Go to seatrade maritime

BYD takes delivery of the world’s largest car carrier Chinese automobile manufacturer BYD expands fleet with the new 9,200 ceu super-large car carrier. Katherine Si Go to seatrade maritime

CMB.Tech and Golden Ocean sign merger term sheet CMB.Tech to emerge as a 250-vessel giant, should stock-for-stock merger targeted for Q3 completion go ahead. Gary Howard Go to seatrade maritime

ABS awards AiP to Tritec Marine and Bluesoul’s LNG bunker vessel design Vessel designed with Bluesoul’s proprietary Type B LNG cargo tanks gets greenlight from ABS. Katherine Si Go to seatrade maritime

Trade volatility and regional conflicts knock Rotterdam’s first quarter figures Volumes at Europe’s largest port show impact of regional trade uncertainty even before Trump tariffs were announced. Paul Bartlett Go to seatrade maritime

Noatum Maritime buys electric tugs and pilot boat AD Ports’ maritime arm snaps up GCC’s first all-electric hydrofoiling pilot boat. Gary Howard Go to seatrade maritime

Recipe for success Being authentic in your professional and personal lives is the key to achieving your dreams, says Su Yin Anand, Partner, IBM Singapore. Go to seatrade maritime

Shipping organisations critical of USTR fees Disruption lies ahead for container shipping as lines readjust ship deployments to minimise fee exposure in the US. Nick Savvides Go to seatrade maritime

USTR publishes proposed fees for Chinese ships Proposals include increasing restrictions on US LNG exports on foreign ships from 2028 to boost US shipbuilding. Barry Parker, Gary Howard Go to seatrade maritime

USTR port fees ‘counterproductive’ says WSC Liner trade association notes ‘significant legal concerns’ with fees aimed at revitalising US shipbuilding, highlights existing constraints on US shipyards. Gary Howard Go to seatrade maritime