Shipping News

Russia's leading tanker group Sovcomflot's saw transportation volumes drop around 16% to 63 million metric tons last year compared to 2023, Russian news agency Interfax reported on Friday, citing the group's CEO Igor Tonkovidov as saying.The United States and the European Union imposed sanctions on state-controlled Sovcomflot and its fleet in 2024 in an effort to reduce Russia's revenue from oil sales that it can use to finance its war in Ukraine. The company's net profit dropped by 55% to $424 million last year.Sovcomflot hopes that the transportation volume of oil…

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has renewed a shipping contract with a European based automotive manufacturer, lasting five years.The contract has an estimated value of $380 million over the contract period.The new five-year contract lasts starts on April 1, 2025, with the rates are in line with current market levels, according to the company."We are pleased to announce this multi-year agreement with a long-term customer strengthening our existing…

Some drugmakers are taking the unusual step of sending more medicines by air to the U.S., two executives and two logistics firms said amid fears President Donald Trump's April 2 tariffs announcement could include products made in Europe.Two European-headquartered drugmakers told Reuters this week they are sending as much of their medicines across the Atlantic as possible over the past several weeks and heard other pharmaceuticals companies were doing the same.One of the executives…

Danish shipping company Norden has announced the addition of two Capesize newbuilding leases with purchase options, reinforcing the company’s commitment to building a highly efficient and modern Capesize fleetThe vessels will be built in Japan with expected deliveries in 2026 and 2027.This brings Norden’s core fleet of owned and leased Capesize vessels to 13 ships, including seven newbuildings, with an average age of two years.“This will enhance our ability to serve customers…

RobotPlusPlus has demonstrated its cargo hold cleaning robot at Sea Asia 2025 in Singapore.The HighMate C20 robot is designed to simplify maritime cleaning, blasting and painting tasks. It simplifies cargo hold cleaning with efficient operations in most sea conditions, covering up to 95% of the hold's surface and reducing the risks of manual cleaning at heights.The robot was debuted at SMM 2024 and features advanced driving controls with a flexible design allowing it to precisely navigate confined spaces.The HighMate C20 performs even with a closed cargo-hold hatch, eliminating cherry picking.

Increasing incidents of interference with aviation, maritime and other satellite telecommunications services mean States need to urgently enhance their protection of a critical radio-frequency band, the International Telecommunication Union (ITU), the International Civil Aviation Organization (ICAO), and IMO said in a joint statement.These cases of harmful interference are in the form of jamming and spoofing that disrupt Global Navigation Satellite Systems (GNSS) operating in the frequency bands allocated to the Radio Navigation Satellite Service (RNSS).

A Trump administration proposal aimed at reviving the U.S. shipbuilding industry may backfire by imposing steep fees on China-linked vessels—penalties that industry leaders say would hurt American ship operators and ports rather than help them, industry executives said at U.S. Trade Representative hearings on Monday.At issue are proposed, stacking fees on China-built vessels that could top $3 million per U.S. port call. The Trump administration says the fees would curb China's growing commercial and military dominance on the high seas and promote domestically built vessels. U.S.

Cargo movements into and out of the United States could be re-shaped by proposals to levy fees on port calls by Chinese built or operated vessels, as well as potential sanctions based on whether the operator controls ships built in China or has tonnage on order there.In its Q1 2025 Dry Bulk Market Report, Maritime Strategies International (MSI) noted that as currently envisaged, the rules provide little clarity but could have a significant potential impact on North American dry bulk trades.

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, the index fell 2% for the week.* The capesize index gained 6 points to 2,676 points, ending a five-session losing streak, but was down close to 7% for the week.* Average daily earnings for capesize vessels…

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has received additional orders for three methanol-fueled roll-on/roll-off (RoRo) cargo ships from Toyofuji Shipping, Miyazaki Sangyo Kaiun, and Nichitoku Kisen.The three ships will be built at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery in order from fiscal 2028.The ships will be approximately 168.0 meters in overall length and 30.2 meters in breadth…

Panama's President Jose Raul Mulino said on Thursday that he didn't place any value on reports the U.S. military is looking into options for ensuring full U.S. access to the Panama Canal, since these reports came from unnamed sources."If no one puts their name to such an assertion, I don't ascribe any value to it," he told a press conference.Two U.S. officials, speaking anonymously, told Reuters last week that the Pentagon had been instructed to evaluate options, amid President…

Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said.After Russian forces made gains in 2024, President Donald Trump reversed U.S. policy on the war, launching bilateral talks with Moscow and suspending military assistance to Ukraine, demanding that it take steps to end the conflict.Trump envoy Steve Witkoff earlier this week said U.S.-Russian talks would take place on Sunday in Jeddah.

Ferry shipping executives have called for broader shore power funding at Interferry’s European Shipping Summit Seminar.Access to onshore power supply for ferries and ships is crucial for the further development and implementation of sustainable battery-based propulsion, and ultimately the decarbonization of the maritime sector. Shipping executives at the European Shipping Summit's side seminar, 'Shore Power offers promising carbon cuts – are we on track?', called for an expansion of funding for shore power infrastructure.

Dubai-based ports and logistics firm DP World and shipping giant Maersk have signed a long-term agreement to boost container-handling capacity and increase weekly vessel calls to support Brazil’s growing trade demands.DP World operates one of the country’s largest private terminals at the Port of Santos. Under the terms of the eight-year agreement, Maersk will introduce additional long-term services and maintain a minimum service level at the port.In the first year, Maersk will launch six new services with eight weekly calls…

The European Shipowners organization has released a Deloitte study on EU Shipping Competitiveness and a CE Delft study on the economic value of European shipping, both highlighting the importance of the sector.European shipping represents a geopolitical asset for Europe facilitating the export and import of goods, food and energy, a Deloitte study finds.Whilst the EU represents around 15% of the global GDP, the European shipping fleet is one of the largest in the world, representing around 35% of the world fleet in terms of global tonnage across all segments, a CE Delft study finds.

Maersk on Tuesday denied shipping arms or ammunition to Israel during its war in Gaza in response to a shareholder proposal at its annual general meeting (AGM) but acknowledged shipping military-related cargo."Maersk has a strict policy of not shipping weapons or ammunitions into any active conflict zone," CEO Vincent Clerc told shareholders.The proposal to ban Maersk from shipping arms to Israel was put forward by Danish shareholder group Kritiske Aktionærer.Activist group Eko in a separate proposal called for Maersk to enact greater transparency in its human rights processes…

Crowley has raised the U.S. flag on American Energy, marking the start of operations of the first domestic liquified natural gas (LNG) carrier to transport U.S.-sourced natural gas to Puerto Rico.Crowley and Naturgy have entered into a multi-year agreement that provides for the regular delivery of the U.S. mainland-sourced LNG to Naturgy’s operating facility in Penuelas, Puerto Rico. This will provide Puerto Rico with increased access to the reliable supply of U.S.-produced LNG, helping address the island’s ongoing power demands.

Italian shipping company GNV (Grandi Navi Veloci) has selected RINA’s SERTICA Performance for the latest addition to its fleet, the GNV Polaris, starting right away by testing the ship during its inaugural voyage from China to Italy.The tool for monitoring operational data on ships allows efficient energy consumption management and the optimization of performance.Thanks to the system, GNV has identified two optimal operating scenarios allowing for the lowest Specific Fuel Consumption…

The ship's captain arrested in connection with a crash into a U.S. flagged tanker off the coast of England is a Russian national, the German company which owns the vessel said on Wednesday.The Solong crashed into the Stena Immaculate, a tanker carrying jet fuel for the U.S. military, on Monday. A day later, British police arrested the Solong's captain on suspicion of gross negligence manslaughter.

The International Chamber of Shipping (ICS) Academy provides a platform to harness the collective experience of more than 80% of the world's shipping fleet. Developed by seafarers for seafarers, the Academy provides on-the-go access to practical e-learning that helps shipping companies ensure best practices and regulatory compliance on board.The Academy complements ICS Publications, giving crew access to onboard procedures and training that work together cohesively. The platform is designed to be globally applicable to all ship types and regularly updated to meet the industry's evolving needs…

Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investment in shipping, according to the Christopher J. Wiernicki,  Chairman and CEO of American Bureau of Shipping (ABS).“A carbon levy is a wild card. It will all depend on how it is implemented and enforced. There’s a huge question mark over whether this will deliver for the industry and there is much still to be decided,” said Wiernicki.Wiernicki expressed his concerns during an appearance at CERAWeek energy conference.“Will the levy be set at $18, $100 or even $150 per ton?

Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.Jamal Amer spoke to Reuters late on Monday after the U.S. launched a wave of strikes in areas of Yemen controlled by the Iran-aligned Houthis, who said last week they were resuming attacks on Red Sea shipping to support Palestinians in Gaza.Two senior Iranian…

HarborLab, the Athens-based maritime technology company, launched a new AI-powered feature designed to optimize Disbursement Account (DA) analysis and streamline port expense management.This latest innovation, known as HL AI, is part of the company’s drive to fully integrating artificial intelligence (AI) into its entire platform ecosystem helping shipowners and operators unlock efficiency and major cost savings in daily vessel operations.With annual port-related spending for ship owners and operators being currently roughly $2 million per year for a single vessel on voyage charter…