Contracts News

 

Domestic Shipbuilding Creates US Port Efficiency and Growth

Nov 11, 2025

On October 28, 2025 U.S. Senator Dan Sullivan (R-Alaska), Chairman of the Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Coast Guard, Maritime, and Fisheries, convened the Senate hearing “Sea Change: Reviving Commercial Shipbuilding”. This hearing examined how to modernize and accelerate U.S. commercial shipbuilding while strengthening a larger maritime industrial base…

U.S. Court of Appeals Issues Decision in Case on Demurrage, Detention Billing Practices

Nov 20, 2025

On February 23, 2024, the FMC issued its Final Rule on Detention and Demurrage Billing Practices, as required by Congress under the Ocean Shipping Reform Act of 2022. The rule went into effect on May 28, 2024. After the Final Rule was issued…

Secretary of State for Wales Hosts Roundtable to Realize Tidal, Wave Energy Potential

Nov 19, 2025

Secretary of State for Wales, Jo Stevens MP, this week hosted the marine energy sector to discuss how industry and government can work together to realize Wales’ 6GW of tidal stream and wave energy potential. The discussion covered industry progress…

At Ports, Propane Powers More than Vehicles

Nov 19, 2025

From EV charging to shore power, propane infrastructure offers a suite of capabilitiesEnergy reliability is critical at ports, and while propane power has traditionally been associated with equipment like forklifts and terminal tractors, its role at ports is rapidly expanding into new areas…

Tanker Vessel Order Book Hits 9-Year High

Nov 19, 2025

“Due to low contracting volumes in 2022, the crude tanker order book/fleet ratio bottomed out at 2.8% in March 2023. It has climbed steadily since and has now hit a nine-year high of 14.1%. The order book may kickstart the renewal of a fleet that has grown older on average since 2018…

Advanced Polymer Coatings Clinches Two Tanker Deal with Asyad Shipping Company

Nov 11, 2025

Advanced Polymer Coatings (APC) has signed its first deal with Oman’s national shipping company.The contract will see APC’s MarineLINE coating system applied to two chemical tankers being constructed for Asyad Shipping Company.It is APC’s first deal with majority state-owned Asyad Shipping Company…

SFL Posts Steady Q3, Invests in Fleet Optimization

Nov 11, 2025

SFL posts Q3 2025 revenue of $178 million and net income of $8.6 million; declares 87th consecutive quarterly dividend of $0.20 per share.Contracted charter backlog reaches $4 billion with a weighted average term of 6.5 years, two-thirds backed by investment-grade clients…

AAPA Proposes Alternative Policies to USTR

Nov 10, 2025

The American Association of Port Authorities (AAPA) has submitted another round of comments to the United States Trade Representative (USTR) office on additional modifications to its proposed Section 301 policy actions.The AAPA acknowledged…

Brazilian Plants Approved to Export Sorghum, Grains to China

Nov 10, 2025

Brazil has received its first approvals to export sorghum and dried distillers grains (DDG) to China, the Brazilian Agriculture Ministry said on Monday.China gave the green light for 10 Brazilian plants to export sorghum, while five were cleared to ship corn-based DDG and DDG with solubles (DDGS)…

Maersk Shares Q3 Report Above Forecast, Warns Falling Freight Rates Will Impact Q4

Nov 06, 2025

Shipping group Maersk reported better-than-expected third-quarter results on Thursday but warned falling freight rates were set to cause losses in its ocean container business during the fourth quarter, sending its shares lower.Maersk, considered a barometer of global trade…

Noatum Maritime, Bapco Upstream Sign Agreement for Marine Services at Bahrain LNG Terminal

Nov 05, 2025

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster offering a full portfolio of maritime solutions, announced it has been awarded a five-year contract by Bapco Upstream, to provide marine services at the Bahrain LNG Import Terminal (BLNG)…

Pakistan Cancels 21 Eni LNG Cargoes to Curb Excess Imports

Nov 04, 2025

Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources…

Concordia Damen Begins Refit Project for Reederei Deymann Cargo Vessel

Nov 03, 2025

Concordia Damen has received a new contract from Reederei Deymann, one of Germany’s largest inland shipping companies, for the extensive refit of a dry cargo vessel Hirschhorn. The vessel recently arrived at the Concordia Damen yard in Werkendam…

Logistics News

CMA CGM Resumes Food Cargo Trade with Russia

CMA CGM Resumes Food Cargo Trade with Russia

STI, Frutas de Chile Launch Cherry Season with Largest Number of Direct Shipments to Asia

STI, Frutas de Chile Launch Cherry Season with Largest Number of Direct Shipments to Asia

Diesel-Electric Vessel MV Vertom Quina Launched

Diesel-Electric Vessel MV Vertom Quina Launched

Stena Futura: Methanol-Ready Freight Ferry Delivered

Stena Futura: Methanol-Ready Freight Ferry Delivered

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