Tag: seatrade maritime

China’s foreign trade retained stable growth in Q1 First quarter China trade stats showed little impact from rising trade tensions. Katherine Si Go to seatrade maritime

Trade heads into a gathering storm Container trades are undergoing a capacity reshuffle as WTO warns of falling trade volumes in 2025. Nick Savvides Go to seatrade maritime

Technology combo captures carbon and pollutants from ship exhaust STAX and Seabound demonstrate combined exhaust gas cleaning and carbon capture technologies in Port of Long Beach. Gary Howard Go to seatrade maritime

ILO sets seafarer minimum wage increases for 2026-2028 Minimum wage for able seafarers to rise by 2.5% in January 2026, and by 6.2% over three years. Gary Howard Go to seatrade maritime

LR and Pusan National University to collaborate on liquefied hydrogen carrier development Liquid hydrogen carriers move a step closer with the new partnership on technology and cryogenic engineering. Paul Bartlett Go to seatrade maritime

AD Ports completes first STS LNG bunkering at Khalifa Port Monjasa executes simultaneous STS bunkering for MSC container vessel during cargo operations at AD Ports’ flagship Khalifa Port. Gary Howard Go to seatrade maritime

Rising economic temperature hits Pacific trade Declining demand and rising rhetoric is contributing to a retrograde climate as Pacific volumes are tipped to decline rapidly over the coming weeks, with consequent effects on spot rates. Nick Savvides Go to seatrade maritime

Armed bulker chase underlines Red Sea risks Shots fired at a bulk carrier off Yemen reinforces ongoing threat to commercial ships during geopolitical turmoil. Paul Bartlett Go to seatrade maritime

WinGD lands energy management system deal for wind-assisted LR2s WinGD takes first project to handle wind propulsion and engine power through its energy management system. Paul Bartlett Go to seatrade maritime

Oman to develop liquid hydrogen corridor to Europe Commercial-scale corridor to transport liquid hydrogen (LH2) from Port Duqm to the Netherlands and Germany. Gary Howard Go to seatrade maritime

Ship recyclers likely to face influx of cheap Chinese steel Disparity in HKC preparations may reshape market later this year, while low prices for Chinese steel present a fresh challenge. Paul Bartlett Go to seatrade maritime

Norsepower to accelerate Rotor Sail production under CHIC MoU Partners hope to build momentum in wind assisted propulsion innovation, production and installation. Gary Howard Go to seatrade maritime

MEPC fails to incentivise scaling of alternative fuels Höegh Autoliners is preparing for a shift to e-fuels, while Transport & Environment worries MEPC 83 could incentivise the unsustainable forms of biofuel. Nick Savvides Go to seatrade maritime

ZPMC completes Colombo container terminal crane project Shanghai Zhenhua Heavy Industries (ZPMC) sends last batch of cranes to Sri Lanka’s Colombo East Container Terminal. Go to seatrade maritime

MEPC 83’s net-zero framework by the numbers Opinions on the mid-term measures agreed at MEPC 83 have been aired, but what are the costs to shipowners? Gary Howard Go to seatrade maritime

U-Ming Marine adds bulker pair from Beihai Shipbuilding U-Ming Marine commits to build more vessels at mainland shipyard. Katherine Si Go to seatrade maritime

US and Panama cool off with security declaration Trump administration seeking to offset Panama Canal fees against US Department of Defense spending in Panama. Gary Howard, Michele Labrut Go to seatrade maritime

MEPC 83 – a ‘Shipwreck’ and a ‘turning point for shipping’ Reactions to the decarbonisation measures agreed at MEPC 83 have been mixed, from cautious optimism to frustration. Gary Howard Go to seatrade maritime

MAN notches up new ME-GI orders as Asian owner opts for dual-fuel upgrade Boxship owner switches single fuel engines for dual-fuel upgrade at Korean yards. Paul Bartlett Go to seatrade maritime

Asian maritime security in Q1 – surprising developments in the Singapore Strait Armed robbers and thieves turn their attention towards transiting container vessels in busy waterway. Go to seatrade maritime

Analysts surprised by rate rise, but tariffs are a drag Market turmoil in the wake of the Washington tariff merry-go-round has seen one surprise followed by another this week and rate expectations are no exception, as carriers receive a welcome uptick in rates. Nick Savvides Go to seatrade maritime

Emissions regulations required immediate action The adoption of new technologies to meet maritime decarbonisation dominated discussions at a shipping conference in Athens. Go to seatrade maritime

CSSC profit more than doubled in first quarter Shipbuilder expects up to 200% increase in first quarter profit as it carries 333-vessel backlog. Katherine Si Go to seatrade maritime

Sinolines introducing Asia – Mexico service Even the US looks to stem trade from China via Mexico container lines are continuing to add services connecting the two countries. Katherine Si Go to seatrade maritime

Sinopacific bags LNG bunkering vessel contract CIMC Sinopacific Offshore & Engineering is inked a further LNG bunkering vessel order with a European owner. Katherine Si Go to seatrade maritime

Saudi container handling up 13% in March 2025 container export bonanza continues with 31% rise in March. Gary Howard Go to seatrade maritime

MAN and Cosco team up on engine retrofits Companies to partner on alternative fuel conversions to offer economical route to decarbonise existing vessels. Paul Bartlett Go to seatrade maritime

Wärtsilä reveals further progress on methane slip Spark Gas ignition conversions cut methane slip, reducing CO2-equivalent by up to 14%, claims engine manufacturer. Paul Bartlett Go to seatrade maritime

India rescinds Bangladeshi transhipment facility Covid-era transhipment arrangement axed in apparent retaliation for comments made during China trip. Nick Savvides Go to seatrade maritime

Trump’s U-Turn opens a window of opportunity Tariff delay creates 90-day window for cheaper imports into the US. If it stays open. Nick Savvides Go to seatrade maritime

Managing risk with decarbonisation investments With increasingly stringent emissions regulations on the horizon and a rapidly changing energy market, navigating the financial risks involved is key for ship owners and ship operators, writes Aleksander Askeland, Chief Financial Officer at Manta Marine Technologies (MMT). Seatrade Maritime Go to seatrade maritime

US-less, IMO carries on regardless MEPC deal looks set to include technical and economic measures as expected, despite US withdrawal from discussions. Nick Savvides Go to seatrade maritime

Hateco and APM Terminals inaugurate Haiphong terminal in Vietnam Hateco Haiphong International Container Terminal (HHIT) has capacity for ships up to 18,000 teu Michele Labrut Go to seatrade maritime

Has China caught Trump sleeping? All eyes are on trade volumes and blanked sailing data as the latest tariffs layer uncertainty over box market overcapacity. Nick Savvides Go to seatrade maritime

First of 34 Union Maritime wind-assisted vessels sets sail Chemical tanker Buran expected to save 940 tonnes of CO2 per year with Norsepower Rotor Sails. Gary Howard Go to seatrade maritime

Khalifa Port bags container fabrication and maintenance lease TW Steel to offer container fabrication, maintenance and repair solutions to minimise container downtime. Gary Howard Go to seatrade maritime

ZIM splashes $2.3bn on 10 LNG boxship charters Dual-fuel vessels slated for delivery in 2027 and 2028 from Ofer- and Economou-linked companies. Gary Howard Go to seatrade maritime

Odfjell cuts operational costs in half Company cuts emissions equivalent of 21 vessels from its fleet without turning to alternative fuels. Nick Savvides Go to seatrade maritime

Alternative fuel uncertainty saved shipping from itself Shipping heavyweights reflected on green shipping and the agility of family businesses at 2025’s Commodore debate. Barry Parker Go to seatrade maritime

Folk Maritime buys second vessel Saudi line adds 2,015 teu Folk Jazan to serve Red Sea and Arabian Gulf routes. Gary Howard Go to seatrade maritime

PIL upgrades West Coast – South America service Port switch and Ensenada direct call mixes up route with fast connection from Peru and Chile to China. Michele Labrut Go to seatrade maritime

Panama Canal plans LPG pipeline Bids invited for energy pipeline connecting Atlantic and Pacific to free up Panama Canal Transit slots. Michele Labrut, Gary Howard Go to seatrade maritime

Steam slow and avoid AI black boxes Participants at CMA Shipping 2025 were cautious but optimistic on AI applications in shipping, managing to avoid the usual jargon. Barry Parker Go to seatrade maritime

QTerminals group CEO steps down Hamad Port GM Charles RW Meaby becomes acting CEO as Neville Bissett steps down after eight years at the helm. Gary Howard Go to seatrade maritime

New routes bring 2024 profit surge at T.S. Lines Middle East, Red Sea, and trans-Pacific expansion boosts profit and revenue. Katherine Si Go to seatrade maritime

Black Sea ro/pax service operational again Black Sea ferry operator UkrFerry has reinstated its Black Sea service which had been operating between Bulgaria, Georgia and Ukraine for decades before the Ukraine invasion. Nick Savvides Go to seatrade maritime

Vard lands CSOV deal from Dong Fang Offshore Dong Fang returns to Vard for high-spec subsea construction vessel for delivery in 2027. Paul Bartlett Go to seatrade maritime

Demand for alternative fuelled engines and regulatory uncertainty WinGD CEO Dominik Schneiter talks about the demand for alternative fuelled engines, retrofits, and the company’s progress with methanol and ammonia. Marcus Hand Go to seatrade maritime

China hits back with 34% US import tariffs Beijing matches Washington’s latest duty hike bringing further uncertainty for world trade. Gary Howard Go to seatrade maritime

Economists warn of economic havoc in wake of Trump tariffs If Liberation Day proved a celebration for supporters of tariff-loving President Trump, the following day brought a sharp dose of reality. Paul Bartlett Go to seatrade maritime

U-Ming Marine adds bulker pair Taiwan-based U-Ming marine is expanding fleet with two more bulk carriers due in 2028 Katherine Si Go to seatrade maritime

New IMO data standards a boon for emissions reporting Class societies complete 12-month project to establish global standards for fuel oil consumption and CII reporting. Gary Howard Go to seatrade maritime

MAIB lays out Solong-Stena Immaculate investigation areas Interim report states neither vessel had a dedicated lookout on the bridge at time of fatal allision. Gary Howard Go to seatrade maritime

Financiers see opportunity in US maritime technology and vessel conversion CMA finance panel follows the money to technology opportunities and vessels sold into the US market. Barry Parker Go to seatrade maritime

Shipping executives ‘stumped by Trump’ Uncertainty was the over-arching theme from speakers at the Capital Link International Shipping Forum in New York this week. Barry Parker Go to seatrade maritime

Shanghai International Port Group 2024 profits up 13% Shanghai International Port Group (SIPG) reported a small improvement in revenues and a double-digit profit in the past year. Katherine Si Go to seatrade maritime

Robbers hit six ships transiting the Singapore Strait in 48 hours Robberies against ships in the Singapore Strait continue unabated with six more in the space of 48 hours according to ReCAAP. Marcus Hand Go to seatrade maritime

Shore leave eroded and in danger of extinction Survey of 5,800 seafarers finds commercial pressures and security restrictions pushing shore leave to the brink. Gary Howard Go to seatrade maritime

Methanol leads LNG in March alternative fuel orders: DNV An average of more than five alternative-fuelled ships were ordered every week through March, according to DNV’s latest Alternative Fuels Insight platform, with methanol clearly in the lead. Paul Bartlett Go to seatrade maritime

Yang Ming Marine buying methanol dual-fuel boxship trio Yang Ming Marine Transportation is advancing its fleet optimisation plan with the acquisition of three methanol dual-fuel containerships from Japan. Katherine Si Go to seatrade maritime

CIMC sets performance record in 2024 CIMC achieves record high revenue and significant improvement in key operational areas in 2024. Katherine Si Go to seatrade maritime

USTR is existential threat to island nation A $1.5 million charge on Chinese vessels calling at US ports would end the lifeline that supports the 60,000 people of Bermuda, according to the shipping line that supplies the island. Nick Savvides Go to seatrade maritime

Seatrade Maritime Club Round Table Makes Waves at CMA Shipping 2025 Senior shipping personalities discuss pressing maritime issues behind closed doors ahead of CMA Shipping 2025. Seatrade Maritime Go to seatrade maritime

ENEOS Ocean becomes NEO Japanese shipowner NYK launches NYK Energy Ocean Corporation (NEO) as it completes acquisition of an 80% stake in ENEOS Ocean’s shipping business. Marcus Hand Go to seatrade maritime

Gas fuel rules need harmonisation for multi-fuel future Bureau Veritas to play its part in harmonising safety and environmental regulations at IMO for gaseous fuels. Seatrade Maritime Go to seatrade maritime

Shipping industry prepares to gather in Connecticut for CMA Shipping 2025 as US policy reshapes maritime trade The 40th anniversary of CMA Shipping conference will bring leaders, decision-makers, experts, and suppliers to Stamford, Connecticut, to discuss changes to US trade and shipping policies Seatrade Maritime Go to seatrade maritime

Chinese authorities to review CK Hutchison’s ports deal China’s State Administration for Market Regulation to assess CK Hutchison’s $22.8bn sale of 80% stake in 43 ports. Go to seatrade maritime

Ukraine’s Black Sea ports battle through adversity Trade volumes in Ukraine’s Black Sea ports are growing, despite ongoing conflict and delays to a potential ceasefire. Nick Savvides Go to seatrade maritime

Sanctioned VLCCs stranded outside Bangladeshi port limits Unclear future for sanctioned VLCC pair after no bids received from recyclers. Paul Bartlett Go to seatrade maritime

Panama Ship Registry removes 107 ships from its fleet due to sanctions De-registration process underway for 18 more vessels as Panama clamps down on blacklisted ships. Michele Labrut Go to seatrade maritime

USTR proposals would inflate US energy costs China accounts for 22% of tanker fleet and dominates current orderbook, according to Poten & Partners. Paul Bartlett Go to seatrade maritime

Hengli Heavy Industry seals VLAC cooperation The fast-growing Chinese shipbuilder Hengli Heavy Industry extends it range with very large ammonia carrier (VLAC) order. Katherine Si Go to seatrade maritime

Offshore Marine Services Associations calls for extension of USTR proposal Despite all the negative feedback USTR China-built vessel port fees one organisation didn’t just back the proposals but called for them to be extended. Barry Parker Go to seatrade maritime

Six factors that enabled China to dominate global shipbuilding The dominance of China in the newbuilding the market has come under intense scrutiny with the investigations by the United States Trade Representative (USTR) – but how did the country’s shipyards achieve such a leading position? Marcus Hand Go to seatrade maritime

Monjasa completes Panama’s first biofuel bunkering with NYK Bunker supplier Monjasa made the first ISCC-certified biofuels supply to a vessel in Panama. Michele Labrut Go to seatrade maritime

Managing the complexities of hull efficiency and fouling control with data-driven decision-making International marine coatings discusses the foundational role of coatings in ship energy efficiency improvement, and the nuances of interpreting ship data to inform operational decisions. Gary Howard Go to seatrade maritime

Seafarers give thumbs-up to Elcome internet service More than 30,000 seafarers are already using new pay-as-you-go service. Paul Bartlett Go to seatrade maritime

Surgere takes the supply chain strain AI-backed system goes beyond inventory management, learning customer supply chain data, ordering stock and reallocating raw materials and inventory. Nick Savvides Go to seatrade maritime

Trump’s tariffs trigger massive stock sell-offs Car carriers could feel the squeeze if US tariffs on European cars and fees for Chinese-built ships come into force. Paul Bartlett Go to seatrade maritime

Slide in global freight rates unabated Sentiment in the shipping industry is showing signs of collapsing altogether as another round of tariffs threatens to derail supply chains, fuel inflation and stifle demand. Nick Savvides Go to seatrade maritime

Class evolving as client challenges become more complex, says LR As global emissions regulations are set to take form, LR outlines the evolution of classification societies in recent years. Seatrade Maritime Go to seatrade maritime

Yangzijiang Shipbuilding closes Tsuneishi Zhoushan yard acquisition Yangzijiang Shipbuilding further enhances ship construction capacity in China’s Zhejiang province. Katherine Si Go to seatrade maritime

Maersk to invest $500m in 33-Year Port NY/NJ lease extension Port authority and Maersk extend APMT Port Elizabeth lease to 2062, pledging $500m to invest in cargo capacity and emissions reductions. Michele Labrut Go to seatrade maritime

Cargo thefts reported in US up by 60% over two years, says TT Club Thefts rise across all cargo types, with an increasing proportion of full load thefts from depots and handling facilities. Paul Bartlett Go to seatrade maritime

Chinese ship charges receive cool reception at USTR China pitched as biggest threat to US shipbuilding while Japan and South Korea were identified as a potential source of expertise to revitalise US shipbuilding. Nick Savvides Go to seatrade maritime

UK to expand ETS to cover shipping in pursuit of net zero by 2050 Government launches calls for evidence as it sets out 30% GHG emissions reduction target by 2030 and 80% by 2040. Gary Howard Go to seatrade maritime

Which shipping sectors would be worst hit USTR port fees? The impact of the potential port call fee on Chinese-built ships by the United States Trade Representative was a major talking point at the conference sessions during in Sea Asia on Tuesday. Marcus Hand Go to seatrade maritime

Value Maritime and MOL complete carbon capture first LR1 tanker gets exhaust gas cleaning system which captures 10% of exhaust CO2 alongside sulphur and particulates. Michele Labrut Go to seatrade maritime

First results being seen from Singapore – Rotterdam green corridor The Port of Rotterdam and the Maritime & Port Authority of Singapore (MPA) are strengthening their cooperation on a Green and Digital Corridor. Marcus Hand Go to seatrade maritime

Puerto Rico ticks the trade boxes, says former FMC chief China’s shipping market manipulation is real, and the US has an opportunity to develop shipbuilding and Puerto Rican ports, says Bentzel. Nick Savvides Go to seatrade maritime

Geopolitical tensions reshaping global trade warns Singapore Senior Minister Singapore’s Senior Minister Lee Hsien Loong highlighted an acceleration of structural shifts between major powers which the maritime sector needs to prepare for. Marcus Hand Go to seatrade maritime

Classification societies investing in R&D and technology in Singapore ABS, RINA and China Classification Society set to invest close to $20 million the Lion City over the next five years. Go to seatrade maritime

Cosco Shipping Holdings net profit doubled in 2024 Cosco Shipping Holdings enjoyed a strong surge in both revenues and profitability in 2024. Katherine Si Go to seatrade maritime

Greek shipping minister calls for EU-IMO aligment on emissions regulations The EU will need stronger shipping policy to maintain a competitive fleet on the world stage, Vassilis Kikilias told the European Commissioner for Sustainable Transport and Aviation. David Glass Go to seatrade maritime

Brokers paint positive picture for VLCCs Geopolitics are more complex than usual in today’s fast-moving tanker market, but two brokers have separately identified developments that could provide a boost for the VLCC market. Paul Bartlett Go to seatrade maritime

Container lines fluctuating fortunes in uncertain market As contract negotiations approach their zenith next month spot rates are causing carriers issues with the Pacific rates in particular sliding faster than other major trades. Nick Savvides Go to seatrade maritime

CMA CGM expands green methanol cooperation with Shanghai CMA CGM, SIPG Energy and Shanghai Electric Group are joining forces to build a sustainable green methanol supply chain. Katherine Si Go to seatrade maritime

Is container shipping costing the Earth? Contamination and invasive species spread across the globe by shipping containers can wreak devastation on local eco-systems. Nick Savvides Go to seatrade maritime

Construction at £1bn London Gateway expansion to start in May DP World to begin four-year project to add two more berths, boosting capacity to become UK’s largest container port. Gary Howard Go to seatrade maritime

Dry bulk chartering negotiations already impacted by USTR proposal Submissions on the US’ proposed port fees for Chinese built vessels warn of significant impact on dry bulk shipping and chartering into the country. Barry Parker Go to seatrade maritime