Tag: seatrade maritime

Venergy Maritime exercises boxship options at Huangpu Wenchong Huangpu-Wenchong Shipbuilding and Greece’s Venergy Maritime agree to build another pair of container ships Katherine Si Go to seatrade maritime

Maersk orders flexible tonnage in China New Times Shipbuilding to deliver series of eight 18,600 teu ships from 2029. Nick Savvides Go to seatrade maritime

Russian oil sector under siege as EU ramps up pressure and India winds down imports Tightening restrictions may lead Russia to further depend on the substandard shadow fleet. Paul Bartlett Go to seatrade maritime

CSSC opens Qatar representative office China’s largest shipbuilding group deepens its presence in Middle East core market. Katherine Si Go to seatrade maritime

EU plans investment boost to shipbuilding A policy designed to develop European shipbuilding will be unveiled next week as part of the EU’s broader “Made in EU” drive to prioritise to European manufacturers. Nick Savvides Go to seatrade maritime

ICTSI and PSA jv expands capacity at Colombian port Joint venture in Aguadulce adds new quay cranes and hybrid RTGs Michele Labrut Go to seatrade maritime

First green shipping corridor between France and China Agreement between Haropa Ports and Zhejiang Provincial Seaport Group aims to reduce emissions on shipping between France and China Michele Labrut Go to seatrade maritime

Everllence books 2,000th dual-fuel two-stroke order German engine builder notches up 2,000 dual-fuel contracts of engines suitable for methane, methanol, ethane, LPG, and ammonia with Cosco contract Paul Bartlett Go to seatrade maritime

Six-year jail sentence for Solong captain Vladimir Motin’s explanation of events was “implausible” said judge passing sentence on the master after crewman Angelo Pernia died in allision. Nick Savvides Go to seatrade maritime

UANI demands action on dark fleet oil transfers off Malaysia Malaysia’s EEZ has become a hot spot for sanctioned crude ship-to-ship transfers on the $47.7 billion trade between Iran and China. Marcus Hand Go to seatrade maritime

United Overseas Group acquires Norvic Shipping dry bulk assets Greek owner picks up trio of trading vessels plus six newbuilds due for delivery this year and next. Gary Howard Go to seatrade maritime

NYK inks first long-term LNG carrier charters with Cheniere An undisclosed number of newbuildings are being contracted along with partner Ocean Yield at HD Hyundai Heavy Industries Marcus Hand Go to seatrade maritime

Evergreen confirms 16 boxships at Huangpu-Wenchong Shipbuilding The contract represents the largest order for a single type of vessel at the Chinese yards Katherine Si Go to seatrade maritime

MISC wins LCO2 carrier charter for Northern Lights Carbon capture and storage project signs long-term charter with another expected to follow in April. Gary Howard Go to seatrade maritime

Logistics challenges see Chinese production reactivated Supply chain delays in congested ports and carrier challenges have contributed to some manufacturers returning to China, according to one regional freight forwarder. Nick Savvides Go to seatrade maritime

Wärtsilä to boost capacity at Sustainable Technology Hub Site housing engine production, training centre and remote monitoring facility to get €140m investment as company reports record profit. Paul Bartlett Go to seatrade maritime

China retains shipbuilding crown in 2025 China’s shipbuilding output grew by over 10% in 2025 as it delivered more than half of the world’s tonnage once again. Katherine Si Go to seatrade maritime

Study highlights onshore power supply challenge for LNG-powered ships Boil-off gas could be harder to manage efficiently when LNG-fuelled vessels are cold ironing, CE Delft report finds. Gary Howard Go to seatrade maritime

Iranian gunboats threaten to board US tanker Six gunboats fitted with .50-calibre guns order US-flagged Stena Imperative to stop engines in Strait of Hormuz. Gary Howard Go to seatrade maritime

AD Ports to explore development of DRC multipurpose terminal Framework agreed with Democratic Republic of Congo government for potential development and operation of Matadi Port terminal Gary Howard Go to seatrade maritime

Seatrium completes sale of US yard AmFELS in Brownsville Texas has been divested to Karpowership Marcus Hand Go to seatrade maritime

Jiangnan Shipyard wins four LNG carriers chartered to Shell Chinese yard and financiers herald deal as a milestone in relations with international energy companies and high-end equipment manufacturers. Katherine Si Go to seatrade maritime

ICTSI’s Contecon Manzanillo surpasses 12m teu Terminal hits milestone as throughput growth outpaces lacklustre market on Mexico Pacific coast. Michele Labrut Go to seatrade maritime

Strait of Hormuz crisis averted for now Oil prices eased back on Monday morning as live-fire exercises orchestrated by Iran in the waters of the world’s most important energy lifeline have been called off. Paul Bartlett Go to seatrade maritime

Panama Canal’s new pipeline and ports tenders begin Parties invited to pre-qualify for development of two new box terminals and 76 km propane, butane, and ethane pipeline. Gary Howard, Michele Labrut Go to seatrade maritime

MISC orders up to six LNG carriers at Hudong-Zhonghua The Malaysia shipping company has chosen the Chinese shipyard for LNG fleet expansion Katherine Si Go to seatrade maritime

Solong Captain guilty of manslaughter negligence Captain of the container vessel convicted of manslaughter following the collision of his ship with a product tanker close to the Humber Estuary in March last year. Nick Savvides Go to seatrade maritime

Dual-fuel boxship and car carrier fleet reaches 400 vessels Gary Howard Go to seatrade maritime

Port of Corpus Christi posts 2025 volume decline LNG exports were up, but crude oil shipments down, and agricultural goods plunged Michele Labrut Go to seatrade maritime

COSCO Shipping Specialized Carriers opens Manila office COSCO Shipping Specialized Carriers continues to enhance its localised operational capabilities network in Southeast Asia. Go to seatrade maritime

Panama declares CK Hutchison’s Panama Ports concession unconstitutional Panama President says Balboa and Cristobal port operations will not be disrupted as APM Terminals Panama will temporarily manage the ports. Michele Labrut Go to seatrade maritime

Stable 2026 and softer 2027 for dry bulk, Bimco predicts High rates could continue into 2026 with capesizes leading the way, unless shipping returns to the Red Sea. Gary Howard Go to seatrade maritime

Cancelled sailings pierce New Year optimism Container market volatility has continued into the New Year with the expected pre-Lunar New Year rush grinding to a halt well ahead of the Chinese holidays. Nick Savvides Go to seatrade maritime

LNG fleet capacity set to double by 2030 despite climbing demolition Major expansion of LNG production capacity may bring enough demand to meet ballooning vessel supply. Paul Bartlett Go to seatrade maritime

Zhonggu Logistics orders six containerships at Hengli The contract marks the first time the two private Chinese companies have worked together on a newbuilding project Katherine Si Go to seatrade maritime

Recycling yard regulations to limit container ship scrapping Chronic over-capacity and an unbalanced fleet with the oldest ships also the smallest means demolition should increase, but regulation has constrained yard capacity Nick Savvides Go to seatrade maritime

MOL and PSA in Singapore ro-ro terminal jv The Japanese shipowner expects the terminal to improve efficiency and guarantee capacity Marcus Hand Go to seatrade maritime

Drug smuggling and fair treatment of seafarers Leyla Pearson, senior manager, legal, at The International Chamber of Shipping writes on bridging the gap between State agreed guidance and reality. Go to seatrade maritime

MSC fined $22.7m by the Federal Maritime Commission The world’s largest shipping line has been hit with civil penalties for three different sets of violations by the US regulator. Go to seatrade maritime

Hapag-Lloyd rebrands Le Havre terminal The German container line continues to roll out the Hanseatic brand at its terminals around the world Michele Labrut Go to seatrade maritime

Evergreen orders 23 vessels at Chinese yards Evergreen contracts feeder and medium sized container ships taking its orderbook to 76 ships worth over $11 billion in total. Nick Savvides Go to seatrade maritime

MSC drives Switzerland to 6th largest shipowning nation Veson Nautical’s annual survey of shipowning nations by asset value sees no change in the top 5, but plenty of movement from ranks 6 – 10 Marcus Hand Go to seatrade maritime

Galveston LNG Bunker Port and TOTE Services partnership An agreement between the two parties will operate LNG bunker vessels to serve the Houston port complex Michele Labrut Go to seatrade maritime

Carriers abandon February General Rate Increase The US military build up in the Arabian Gulf, meant to ease tensions, has raised fears of more conflict as insipid demand is seeing spot rates crash. Nick Savvides Go to seatrade maritime

Repeat orders mark wind propulsion success stories Econowind bags two further Chemship orders as Anemoi completes its second Berge Bulk project. Gary Howard Go to seatrade maritime

Isla Maritime expands operations into Panama New salvage operation setting up to serve the Panama Canal Michele Labrut Go to seatrade maritime

Jiangnan Shipyard bags order for VLAC pair Two 90,000 cu m Jiangnan-designed LPG-fuelled VLACs add to pair ordered by Eastern Pacific Shipping earlier this month. Katherine Si Go to seatrade maritime

Tianjin targets over RMB850bn in foreign trade in 2026 The north Chinese port city of Tianjin aims to boost import and export in 2026. Katherine Si Go to seatrade maritime

ICTSI’s South Luzon Container Terminal moving forward The container terminal in Batangas set to be operational in 2028 with 2 million teu in capacity Michele Labrut Go to seatrade maritime

Chile’s SM SAAM appoints Hernan Gomez as new CEO New CEO replaces existing chief who moves up to head parent company Quiñenco Michele Labrut Go to seatrade maritime

First of five Maersk Tankers MRs gets bound4blue suction sails Four 24-metre sails installed on Maersk Trieste in Belgium as part of 20-sail MR tanker deal. Gary Howard Go to seatrade maritime

TMS Cardiff Gas places first LNG order in China The deal between shipowner and Hudong-Zhonghua Shipbuilding was finalised in just 56 days from initial negotiations Katherine Si Go to seatrade maritime

Poten predicts five developments for tanker owners in 2026 Last year’s bullish market is unlikely to continue this year as deliveries outpace new orders. Paul Bartlett Go to seatrade maritime

Zodiac Maritime tanker rescues solo rower in the Atlantic Part of the US Coast Guard AMVER programme the Horten rescued a competitor in the World’s Toughest Row Race who capsized Marcus Hand Go to seatrade maritime

New sanctions regime enters into force in Italy New criminal penalties related to EU sanctions violations will enter into force in Italy on 24 January 2026, following the implementation of EU Directive 2024/1226. CJC lawyers explain the consequences of the new restrictive measures. Go to seatrade maritime

Eastern Pacific Shipping returns to Hengli for VLCC pair The Singapore-based company is adding newbuilds at Chinese shipyard Hengli Katherine Si Go to seatrade maritime

Overcapacity sends container rates into a tailspin As Lunar New Year approaches the heat has gone out of container spot rates as the supply and demand imbalance intensifies Nick Savvides Go to seatrade maritime

Seaman’s Church Institute called to assist Venezuelan tanker crew The Seaman’s Church Institute in US writes about supporting with seafarers in distress Go to seatrade maritime

SSA Marine Mexico handled over 2m teu in 2025 SSA Marine had the largest share of containerised cargo moved through the port of Manzanillo Michele Labrut Go to seatrade maritime

Why data is the strategic asset for global shipping in 2026 George Guo, CEO of IQAX, makes his industry predictions for 2026 and beyond. Go to seatrade maritime

Haropa Port reveals positive 2025 figures despite economic uncertainties Total volumes rose 2% and revenues held steady despite geopolitics and Trump tariffs. Paul Bartlett Go to seatrade maritime

Equipment and certification failures implicated in UK pilot death An undeserved fitness certificate and faulty man overboard recovery platform may have contributed to seafarer’s death after cardiac incident. Gary Howard Go to seatrade maritime

China Merchants Energy Shipping expands container ship fleet The tanker-focused shipping company s diversifying fleet structure with newbuilding orders. Katherine Si Go to seatrade maritime

Containers lift Port of Klaipėda to record-breaking year Port box throughput grows by 22% to 1.3m teu supported by increase in transhipment. Gary Howard Go to seatrade maritime

US seizes seventh tanker The Sagitta was seized on Tuesday by US forces as part of Venezuelan oil sanctions enforcement Marcus Hand Go to seatrade maritime

Trump era puts market forecasting into ‘coin flip’ territory Forecasting is another business that has been hit by the US government’s policy ambiguity, with consultants ready to tear up their projections as soon as they make them Nick Savvides Go to seatrade maritime

China replaces US barrels with crude from Canada Oil bought from Canada and Brazil drove higher Chinese imports of crude oil last year while exports from the US and Russia fell sharply. Paul Bartlett Go to seatrade maritime

China and Canada strike electric vehicles import deal Canada is to import Chinese electric vehicles at a reduced tariff as part of new trade deal between the two nations Katherine Si Go to seatrade maritime

LR raises the alarm on alarms Constant alerts undermine safety at sea, according to class society analysis of 40m alarm-related events. Gary Howard Go to seatrade maritime

Saudi Arabia to Host Saudi Maritime Awards 2026 in Jeddah Shortlisted nominees announced for Saudi Maritime Awards 2026 on 29 January, 2026. Go to seatrade maritime

CMA CGM reverts services to Cape of Good Hope FAL1, FAL3, and MEX services to avoid Suez again after a brief return to Red Sea schedule. Gary Howard Go to seatrade maritime

Ørbeck-Nilssen appointed interim President and CEO of DNV DNV Group President and CEO Remi Eriksen taking leave of absence to undergo cancer treatment Marcus Hand Go to seatrade maritime

UK consortium to advance nuclear-powered merchant shipping The Maritime Nuclear Consortium includes Lloyd’s Register, Rolls Royce, Babcock International, Stephenson Harwood, and NorthStandard. Paul Bartlett Go to seatrade maritime

Owners face hike in P&I costs at February renewal Shipping’s mutual insurance business has become more volatile following a series of high-profile claims. Paul Bartlett Go to seatrade maritime

Panama ports container volume grew by 3.6% in 2025 Transhipment dominated traffic at Panama’s ports in 2025 with terminals seeing growth as a whole Michele Labrut Go to seatrade maritime

Brazil’s Tecon Santos receives 10 new cranes for expansion Operation of the new equipment from ZPMC is expected to begin shortly at the port Michele Labrut Go to seatrade maritime

A maritime mandate for 2026 In 2026 and beyond, seafarer welfare must not only be an ethical concern but a fundamental business strategy essential for operational resilience, employee retention, and the company’s financial health, says Sandra Welch, CEO of Seafarers Hospital Society. Go to seatrade maritime

London Gateway broke 3m teu barrier in 2025 Box volumes up by more than 50% on fourth berth operations as DP World pursues UK container port crown. Gary Howard Go to seatrade maritime

Tanker market outlook for 2026 The tanker market goes into 2026 on strong footing against a complex geopolitical back drop, rising production, and fleet growth Marcus Hand Go to seatrade maritime

DP World Callao surpasses 2m teu milestone in 2025 The terminal in Peru is the first on the South American West Coast to handle 2 million teu in a year Marcus Hand Go to seatrade maritime

Egypt’s first semi-automated container terminal launches operations The terminal is jointly developed by Hutchison Ports, CMA Terminals and Cosco Shipping Ports. Katherine Si Go to seatrade maritime

Top maritime news stories for week ended 16 January Dry bulk shipping takeover battle, Maersk service returns to the Red Sea, and negative of IMO net zero framework prospects. Marcus Hand Go to seatrade maritime

Red Sea return and US tariff ruling critical for container trades As the new year dawns the last year’s problems remain with tariffs and an end to Cape of Good Hope diversions likely to shape box trades Nick Savvides Go to seatrade maritime

Nordic Hamburg orders heavy lift vessels at Wuhu Shipyard Wuhu Shipyard secures up to five newbuildings from the German owner Katherine Si Go to seatrade maritime

ICTSI Chaiman Razon sues Philippines congressman for cyber libel Complaint lodged against suspended Cavite Rep. Fransico “Kiko” Barzaga over now-deleted Facebook posts Marcus Hand Go to seatrade maritime

Maersk service returns to Red Sea transits US East Coast-Middle East and India service to take Suez Canal east- and westbound transits due to continued Red Sea stability. Gary Howard Go to seatrade maritime

Bahri signs iron ore shipping LOI with Hadeed Saudi owner ties up with the Saudi Iron & Steel Company to look at collaboration opportunities in dry bulk. Gary Howard Go to seatrade maritime

Baltic Exchange launches new tanker indices New indexes cover four routes in Northwest Europe for clean and dirty trades Paul Bartlett Go to seatrade maritime

PSA posts 5% global container volume growth in 2025 Container throughput in Singapore increases at a faster rate than PSA International’s global business Marcus Hand Go to seatrade maritime

Cosco Shipping orders 12 LNG dual-fuel container ships Chinese shipowner opts for LNG as a fuel on series of 18,000 teu newbuildings. Katherine Si Go to seatrade maritime

Revolution Wind gets court order against Trump’s suspension Court injunction says suspension order was arbitrary and capricious as Trump administration battles offshore wind Barry Parker Go to seatrade maritime

Spot Ship scores new investors in latest funding round The funding round by the UK start-up marks the first investment by venture capital firm Venture.eu Marcus Hand Go to seatrade maritime

Asian shipping execs negative on IMO Net Zero Framework prospects The one-year delay in the IMO’s Net Zero Framework is expected to be longer, if the decarbonisation fundraising mechanism is adopted at all. Marcus Hand Go to seatrade maritime

San Antonio first Chile port to handle 2m teu annually Port of San Antonio consolidates its position Chile’s main trade gateway Michele Labrut Go to seatrade maritime

Singapore Registry of Ships posts 27% growth for 2025 The Singapore registry benefited from regulatory uncertainty between the US and China overtaking Hong Kong for the number four spot globally Marcus Hand Go to seatrade maritime

Alternative fuels hold firm in 2025 orderbook slowdown Container shipping props up alternative-fuelled vessel orders as ship orders drop 47% on-year in 2025. Gary Howard Go to seatrade maritime

Container shipping market outlook for 2026 – a Red Sea return? A return to Red Sea and Suez Canal transits by container lines is expected for 2026, but combined with fleet growth will they be able to maintain profitability? Marcus Hand Go to seatrade maritime

Shanghai container port surpasses 55 million teu in 2025 The port of Shanghai remained as the world’s busiest container port for the 16th consecutive year since 2010. Katherine Si Go to seatrade maritime

Fraudsters intercept $200,000 settlement for dead seafarer’s family ITIC sends payment fraud warning after settlement to dead seafarer’s family intercepted by email deception. Gary Howard Go to seatrade maritime

Hapag-Lloyd unit completes acquisition of Florida International Terminal Hanseatic Global Terminals will own 100% of Florida International Terminals following the transaction Michele Labrut Go to seatrade maritime