“Year-to-date, Canadian crude tanker exports have reached 618 thousand barrels per day (kbpd) up from 388 kbpd during the same period last year, an increase of 59%,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Trans Mountain…
The ports of Bremen are expanding their alternative fuel options, now offering methanol as a bunkering fuel for ships. While liquefied natural gas (LNG) has been available since 2015, officials see methanol gaining ground as a cleaner maritime fuel…
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.The deal will give the U.S. consortium…
China suspended on Tuesday the soybean import licenses of three U.S. firms and halted imports of U.S. logs, stepping up its retaliation for additional U.S. tariffs on Chinese goods.Earlier in the day, China also imposed import levies covering $21 billion worth of U…
The frequency of cable incidents in the Baltic Sea has been 'exceptional' in recent years, but state actors have more effective ways of performing underwater sabotage than by dragging anchors, Finland's intelligence service chief said.The Baltic…
Manson Construction Co. (Manson) announced that James (Jim) McNally, previously Manson’s Executive Vice President and Chief Operating Officer (COO), has assumed the role of President and CEO as of March 3, 2025.“The Board of Directors unanimously approves of Mr…
William Hackett, a UK-based supplier of lifting, rigging and chain solutions, is expanding its customer offerings with new digital solutions by adding RFID chips to its Hack8 and Hack10 chain sling assembly tags. The digital records, accessible through the William Hackett app…
Russian farming conglomerate Rusagro began exporting sunflower oil from the St Petersburg terminal (PNT) on the Baltic Sea as it seeks to overcome bottlenecks at Black Sea ports, according to LSEG data and four sources.Russia, the world's leading wheat exporter…
The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.That is the backdrop…
Viasea, a Norwegian-owned shipping line, will optimize its route in the south of the United Kingdom by moving its second stop to London Thamesport, and then sailing onwards to Rotterdam. The changes were made as part of Viasea’s ongoing commitment to improving operational efficiency and reliability…
The Arab Shipbuilding and Repair Yard Company (ASRY), a maritime repair and fabrication facility in the Arabian Gulf, organized an interactive workshop with the participation of several classification societies specializing in setting technical and engineering standards for shipbuilding…
On March 1, 2025, Denmark-based maritime consultancy Knud E. Hansen announced that Javier Suárez succeeds Finn Wollesen Petersen as the company’s Managing Director, part of a planned process that has been taking place over the past months, with…
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1…
VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing…
Capacity and its deployment dominate the outlook for shippers this year as they digest the impact of tariffs, the potential rebound in Red Sea traffic and the introduction of the new alliance Gemini, according to global consulting firm AlixPartners’ 2025 Container Shipping Outlook Report…
