Tag: seatrade maritime

CMA CGM says no USTR surcharges The world’s third largest container line says it has made fleet adjustments ahead of the 14 October deadline for US fees on Chinese-built ships. Marcus Hand Go to seatrade maritime

Shell and MSC back methane pathway to net-zero The development of bio-and synthetic LNG will provide a pathway to net-zero for today’s natural gas-powered vessels argue Shell and MSC. Paul Bartlett Go to seatrade maritime

Sanctions trigger surge in bunker fuel quality issues US sanctions on Russia oil have reduced availability of high sulphur fuel oil (HSFO) and seen a doubling of quality issues according to Integr8 Fuels. Marcus Hand Go to seatrade maritime

Russian oil exports to China main cargo on Arctic route Thirteen crude tankers and two LNG carriers carried exports from Russia to China via the Northern Sea Route up to the end of August. Marcus Hand Go to seatrade maritime

IUMI calls for plastic nurdles to be classed as dangerous goods As shipowners face billion-dollar compensation claims for micro-plastics cargo spills marine insurers are pushing for dangerous goods classification. Marcus Hand Go to seatrade maritime

Hengli Heavy Industry secures up to four VLCC newbuilds The Chinese shipbuilder has inked a contract with an undisclosed European shipowner. Katherine Si Go to seatrade maritime

Finance and shipping must meet in the middle for green transition A new report by EDF and The Decarb Hub floats three concepts for a sustainable and affordable decarbonisation transition. Gary Howard Go to seatrade maritime

Charities raise alarm on falling UK seafaring numbers Maritime Charities Group forecasts 40% drop in seafaring communities over 15 years, 6% drop in seafarer numbers. Gary Howard Go to seatrade maritime

Onelearn Global adds Chinese content with AiSailings partnership Chinese seafarers to get better access to OLG training through subtitle integration and portfolio enhancement. Seatrade Maritime Go to seatrade maritime

IUMI calls on marine insurers to help combat sexual misconduct at sea Association notes significant compensation claims paid out by liability insurers in sexual misconduct cases. Gary Howard Go to seatrade maritime

Aging fleet, fires present challenges to marine insurers International Union of Marine Insurers (IUMI) says there has been an uptick in groundings, large vessel fires, and war-related losses. Marcus Hand Go to seatrade maritime

Panama President outlines ship registry plans to Japanese owners Panama’s President José Raúl Mulino meets with Japanese shipowners and stresses that unlike other registries Panama is not a franchise. Michele Labrut Go to seatrade maritime

ElbFeeder books boxship pair at Jinling Shipyard Eimskip joint venture orders LNG dual fuel and methanol ready container ships. Katherine Si Go to seatrade maritime

Shanghai stays as world’s busiest container port in H1 Ongoing liner consolidation to have long-term and profound impacts on port development, says SIPG. Katherine Si Go to seatrade maritime

Trump’s LNG shipbuilding strategy no more than ‘a dream’ Experts insist there is absolutely no chance of having a US-built LNG carrier on the water by 2030, only US-branded. Paul Bartlett Go to seatrade maritime

PSA inaugurates Mumbai phase two terminal As India’s economy develops fast the country is modernising its logistics infrastructure to cope with the expected increase in trade. Nick Savvides Go to seatrade maritime

Seatrade Maritime Announces Global Charity Partnership With The Mission To Seafarers Seatrade Maritime partners with The Mission to Seafarers to boost global awareness and support for seafarer welfare through events and digital platforms. Seatrade Maritime Go to seatrade maritime

Scorpio seals five-year charter for LR2 STI Orchard MR tanker rates up in third quarter so far as handymax rates soften. Gary Howard Go to seatrade maritime

Hafnia in $311m deal for 14% Stake in Torm Preliminary deal signed to purchase shares in rival product tanker firm from Oaktree Capital Management. Michele Labrut, Gary Howard Go to seatrade maritime

IMO member states tire of US threats over climate rules Member states are becoming weary of US threats as State Department seeks to derail next month’s IMO’s decarbonisation vote. Nick Savvides Go to seatrade maritime

Vessel reports electronic interference and unknown projectile in Red Sea Severe electronic interference and reported to UKMTO in the early hours of September 4. Gary Howard Go to seatrade maritime

Houthi claim attack on MSC Aby Ship calls Jeddah despite Houthi claim of successful attack using “two drones and a winged missile”. Gary Howard Go to seatrade maritime

Volvo Group SVP names sixth PCTC in Höegh Autoliners’ Aurora-Class Hoegh celebrates halfway mark in ammonia-ready PCTC series. Paul Bartlett Go to seatrade maritime

US tightens trade fraud rules The creation of a Trade Fraud Task Force to prosecute tariff evasion through transhipment is expected to further restrict US imports from Asia. Nick Savvides Go to seatrade maritime

COSCO Shipping Energy Transportation expects tanker market divergence VLCC and smaller tanker markets to follow different paths, expects largest tanker operator. Katherine Si Go to seatrade maritime

Federal Maritime Commission investigating Flags of Convenience Those with an interest in non-US flagged vessels are advised to keep an eye on unpredictable FMC actions. Barry Parker Go to seatrade maritime

Ionic to add Orca AI to all 19 of its ships Greek owner opts for digital watchkeeper and shoreside monitoring for one more tanker and 11 bulkers. Gary Howard Go to seatrade maritime

Yangzijiang Shipbuilding inks 22 vessel contracts Contracts worth $920m further extends private Chinese shipbuilder’s orderbook pool. Katherine Si Go to seatrade maritime

China-India axis is key to new economic order India and China are set to drive long-expected changes to the global container market. Nick Savvides Go to seatrade maritime

Karachi Gateway taps Van Oord for capacity-boosting dredging Berth and navigation channel deepening to boost capacity at box and multipurpose terminals. Gary Howard Go to seatrade maritime

Namibian oil finds likely to drive long-haul tanker demand Recent oil discoveries off the coast of Namibia in the southern Atlantic Ocean are likely to underpin a new tanker trade between the southern Africa nation and Asia. Paul Bartlett Go to seatrade maritime

COSCO Shipping Ports sees throughput and revenue growth in H1 Overseas terminals outpace China ports despite economic and geopolitical challenges. Katherine Si Go to seatrade maritime

Can watered-down fossil fuel and tidal power decarbonise shipping? Innovation is a live and well in the green shipping sector as companies seek solutions to meet decarbonisation targets. Nick Savvides Go to seatrade maritime

Houthis launch northernmost attack on commercial ship Ballistic missile attack on Eastern Pacific tanker demonstrates extended threat range from Houthi forces. Gary Howard Go to seatrade maritime

Caravel Group and Celsius Tankers create LNG bunkering vessel JV Firm order for two bunker vessels placed, with deliveries due in the second half of 2027. Michele Labrut Go to seatrade maritime

CMA CGM secures bio-LNG supplies from Vanguard Renewables The container line is taking a minority stake in the US renewable gas supplier to give it confirmed access to fuels. Michele Labrut Go to seatrade maritime

Cosco Shipping profit up despite freight rate volatility The Chinese shipping company reported an increase in both revenues and profit in H1 2025, but warns domino effects from economic and trade policies. Katherine Si Go to seatrade maritime

Dark fleet – IMO cannot regulate ship registration IMO Secretary-General Arsenio Dominguez highlighted the shadow fleet and plans to improve practices for ship flagging in his first official visit to Panama. Michele Labrut Go to seatrade maritime

What would $150bn investment in US shipbuilding look like? US President Donald Trump likes to trumpet very large numbers and South Korea’s shipbuilding investment plans as part of its bilateral tariff deal is no exception. Marcus Hand Go to seatrade maritime

Top maritime news stories for week ended 29 August A selection of the leading shipping stories to appear on Seatrade Maritime News over the past week. Marcus Hand Go to seatrade maritime

ICTSI Melbourne terminal inks unions deal The new agreement at Victoria International Container Terminal should see uninterrupted operations through to 2029. Michele Labrut Go to seatrade maritime

CMB.Tech sees oil supply/demand challenges for tankers Recently merged owner shares a positive view on vessel supply fundamentals in dry bulk and tanker segments alongside Q2 loss. Gary Howard Go to seatrade maritime

Hanwha unveils more orders and $5bn investment for Philly Shipyard Korean infrastructure investment to add two additional docks and three quays to boost production capacity to 20 vessels per year. Gary Howard Go to seatrade maritime

China Merchants Nanjing Tanker profits slump The Chinese tanker company sees net profit decline by over 50% on lower product tanker demand. Katherine Si Go to seatrade maritime

Maritime must prioritise cybersecurity hygiene: A call to action With US Coast Guard regulations on cybersecurity coming up in 2027 the time to tackle the issue is now. Seatrade Maritime Go to seatrade maritime

Container ship orderbook to surpass 10m teu…and counting Meeting demand and then some, cash rich box lines continue their ordering spree, which now stands at 10m teu, but will carriers find a golden egg, or crash into the poop deck. Nick Savvides Go to seatrade maritime

Oceanbird demonstrates first rigid wing sail in Sweden The rigid wing sail uses 380,000 recycled plastic bottles and is claimed to save up 10% in fuel. Paul Bartlett Go to seatrade maritime

Fire-damaged Wan Hai 503 headed to Middle East The container ship badly damaged by a cargo fire off the coast India in June is being towed to the UAE. Marcus Hand Go to seatrade maritime

APM terminals to invest $1 billion in Indian ports Maersk’s terminal operating arm inks Memorandum of Understanding (MoU) to develop ports in Andhra Pradesh. Michele Labrut Go to seatrade maritime

Hamburg Port fire and explosions injure six Port and inland shipping disrupted after vehicle fire spread through a port industrial area. Gary Howard Go to seatrade maritime

Qingdao port hybrid and electric vehicle exports up 16 times The eastern Chinese port has seen a 23% growth in vehicle shipments as whole powered by what are described as new energy vehicles. Katherine Si Go to seatrade maritime

Panama fleet reports 23% drop in accidents Vessels under the Panama-flag have reported 253 accidents over the last months as the registry increases safety inspections. Michele Labrut Go to seatrade maritime

VLCCs set to lead positive tanker market development A relatively small orderbook and an increase in long-haul tonne-miles are likely to underpin firmer rates for large tankers. Paul Bartlett Go to seatrade maritime

Boluda acquires Portuguese towage firm Boluda Towage set to expand its services beyond the port of Sines in Portugal with latest acquisition. Michele Labrut Go to seatrade maritime

Antigua and Barbuda aims to be green shipping hub An agreement between the Caribbean nation and vessel builder Veer will see the region’s first fully decarbonised facility. Michele Labrut Go to seatrade maritime

Impact and motives of Trump opposition to IMO net-zero framework The US’ merchant fleet may be small but the country’s vast clout in global trade means its threat to derail the IMO’s net-zero framework will have nations scrambling. Barry Parker Go to seatrade maritime

Shippers may drop wait and see approach on China tariffs: DHL In its latest analysis of the ocean freight market DHL Global Forwarding assessed the impact of the latest pause on US tariffs on China. Marcus Hand Go to seatrade maritime

MSC container ship Captain arrested on suspicion of being drunk The Master of the container ship MSC Jubilee IX was arrested by the US Coast Guard in Seattle for being six times over the legal limit. Marcus Hand Go to seatrade maritime

Rina joins Yushu green methanol project Classification society Rina has joined a green methanol project in China. Katherine Si Go to seatrade maritime

Top maritime news stories for week ended 22 August A selection of the leading shipping stories to appear on Seatrade Maritime News over the past week. Marcus Hand Go to seatrade maritime

HD Hyundai acquires Doosan’s Vietnam yard HD Korea Shipbuilding & Offshore Engineering is acquiring Doosan Vina’s yard specialising in fabrication. Michele Labrut Go to seatrade maritime

Wan Hai 503 looks to Jebel Ali for port of refuge The container ship Wan Hai 503 remains on the high seas two and half months on from a deadly fire and could now be towed to the UAE. Marcus Hand Go to seatrade maritime

Crew Connect Global Awards Go to seatrade maritime

FuelEU penalties to top $1 billion this year EU carbon charges are expected to ramp up fast as the charges for next year increase, then IMO global charges take effect in 2028 Nick Savvides Go to seatrade maritime

Capesize owners score as Brazilian iron ore exports climb The world’s second largest iron ore exporter has increased exports this year, boosting tonne-miles for large bulk carriers. Paul Bartlett Go to seatrade maritime

Hong Kong port container volumes down 3.7% this year Container throughput at the port of Hong Kong declined for its third consecutive month in July. Go to seatrade maritime

Carbon free ports coming to the UK Stax and Seabound head a consortium that will deliver carbon capture and storage (CCS) technology to UK ports. Nick Savvides Go to seatrade maritime

Using AI and satellite data to understand commodity markets Using satellite data from NASA and ESA combined with AI powered analytics to understand and predict what is happening in the commodity markets. Marcus Hand Go to seatrade maritime

MOL and ITOCHU to trial ammonia bunkering in Singapore The two Japanese companies aim to conduct ammonia bunkering demonstrations in 2027. Michele Labrut Go to seatrade maritime

Fitting sails to bulkers – meticulous planning essential A Lloyd’s Register paper stresses importance of careful planning in sail installations based on three projects with Anemoi Technologies. Paul Bartlett Go to seatrade maritime

Salvage crews board fire-stricken Marie Maersk Salvors have been able to board the Marie Maersk which suffered a cargo fire off the coast of Liberia over a week ago. Nick Savvides Go to seatrade maritime

Judges announced for Seatrade Maritime Crew Connect Global Awards 2025 As the nomination deadline fast approaches, the judging panel for the 2025 awards has been revealed. Seatrade Maritime Go to seatrade maritime

Chinese domestic market drives Antong Holding profit surge The Chinese logistics service provider, Antong Holding, doubled net profit in H1 driven by the domestic market. Katherine Si Go to seatrade maritime

ITOCHU and L&T join forces for green ammonia L&T Energy GreenTech (LTEG), is partnering with the Japanese trading house to develop a green ammonia project. Michele Labrut Go to seatrade maritime

Container shipping faces a decade of overcapacity As the container ship newbuilding orderbook continues growing the impact on the sector could be long lasting. Nick Savvides Go to seatrade maritime

Asian focus pays off for SITC in H1 Hong Kong-listed container line reports a 79.5% jump in profit in the first half of the year. Katherine Si Go to seatrade maritime

Methanol and ammonia have now ‘arrived’ says GMF The latest report from the Global Maritime Foundation says both alternative fuels need a concerted push for rapid scalability. Paul Bartlett Go to seatrade maritime

Valencia port container volumes up in 2025 The Spanish port sees 6.9% container volume growth in July, and 4.3% in the first seven months of the year. Michele Labrut Go to seatrade maritime

Posidonia Go to seatrade maritime

Container alliance reshuffle boosts Port of Hamburg volumes Hamburg reported a 9.3% jump in container throughput in the first half of the year as it regained market share. Marcus Hand Go to seatrade maritime

Marie Maersk fire under control says Maersk Container ship Marie Maersk is still on fire, but the carrier says the blaze is now under control as AIS shows other Maersk vessels passing close to the casualty Nick Savvides Go to seatrade maritime

Tanker and cargoship fire in Korea – one dead, two injured A fire broke out on board two vessels moored next to each other in the Port of Yeosu on 16 August. Marcus Hand Go to seatrade maritime

Xeneta acquisition of eeSea creates container data super-power Xeneta has bought eeSea in what could prove to be a major shake-up of the maritime data sector. Nick Savvides Go to seatrade maritime

Pole Star Global in deal to acquire Clearwater Dynamics Pole Star is set to enter the marine insurance sector with its latest acquisition. Michele Labrut Go to seatrade maritime

Marie Maersk joins growing list of container cargo fire casualties Yet another cargo fire is burning aboard a container ship, putting crew lives at risk, as the report is issued into the explosion on the YM Mobility a year earlier. Nick Savvides Go to seatrade maritime

Shanghai Waigaoqiao Shipbuilding celebrates 600 vessel milestone One of China’s leading shipyards delivered it’s 600th newbuild this week a car carrier for Grimaldi. Katherine Si Go to seatrade maritime

X-Press Pearl judgement ignores international maritime law X-Press Feeders warns the $1 billion judgement establishes an unprecedented level of risk which shipping companies will struggle to meet. Marcus Hand Go to seatrade maritime

CK Hutchison says ‘reasonable chance’ ports deal will be concluded Talks continue over the $22.8 billion sale of Hutchison’s international ports but deal unlikely to be closed this year. Katherine Si, Marcus Hand Go to seatrade maritime

DP World forecasts 5% capacity growth in 2025 Container throughput growth outpaced forecasts in the first half of the year, despite volatile geopolitical trade headwinds. Gary Howard Go to seatrade maritime

Volumes up and profit down at Hapag-Lloyd Market volatility and Gemini phase-in costs soften first half profits despite 11% increase in container volumes. Gary Howard Go to seatrade maritime

Trump’s IMO salvo could derail emissions framework The US threat of retaliation against nations global net-zero framework could leave IMO ambitions in tatters. Paul Bartlett Go to seatrade maritime

King Ship Hong Kong continues fleet expansion Hong Kong-based owner has returned to Taizhou Kouan Shipbuilding for additional multipurpose vessels. Katherine Si Go to seatrade maritime

Port of LA July volumes beat pandemic high The US West Coast port says tariff uncertainty creating a supply chain crisis with large numbers of extra loaders calling. Barry Parker Go to seatrade maritime

Finland charges officers of Eagle S for cutting undersea cables The Cook Islands-registered tanker is alleged to have dragged its anchor on the seabed for 90 km Marcus Hand Go to seatrade maritime

Hengli Shipbuilding receives third round of government subsidies The Chinese government continues to give subsidies to the revived shipyard in Dalian. Katherine Si Go to seatrade maritime

LNG a ‘fuel of the future’ or a recipe for climate disaster? A favourite saying of DNV Maritime CEO Knut Ørbeck-Nilssen when discussing the implications of LNG in all its forms is that “We shouldn’t let the perfect be the enemy of the good”. Nick Savvides Go to seatrade maritime

ABS certifies Korean electric propulsion technology Two South Korean shipyards have developed a new medium voltage power system for ships. Michele Labrut Go to seatrade maritime

Shipping buoys Wallenius Wilhelmsen in volatile market Ro-ro owner to take ships through 30-year surveys on positive demand outlook despite tariff challenges. Gary Howard Go to seatrade maritime

Recyclers wrestle with monsoons, tariff turmoil, and new HKC regulations Prices have fallen as ship recyclers adjust to a wave of market-moving developments. Paul Bartlett Go to seatrade maritime

Maritime Cyprus 2025 Conference Go to seatrade maritime