Shipping News

DNV has granted a Type Approval Design Certificate (TADC) to CSSC Shanghai Marine Energy Saving Technology (CMES-Tech) for its new 35-meter tilting type wind assisted rotor system.This is the first domestically developed rotor sail system in China to achieve this recognition under DNV’s WAPS rules (ST-0511). With this certification, the system is confirmed ready for installation on DNV classed commercial vessels and marks a major milestone for China’s green-shipping technology industry.As shipping faces mounting pressure from fuel costs and emissions regulations…

Wärtsilä has identified four key trends it expects to shape the global shipping industry in 2026, citing accelerating digitalization, rising decarbonization pressures and growing uncertainty over regulatory trajectories.The company highlighted lifecycle optimization as a major theme, with vessel owners increasingly moving from short-term fixes to long-term strategies that account for environmental impact, operational efficiency and economic performance from vessel design to end-of-life.

DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700 TEU ammonia-dual fueled ultra-large container ship design.The AiP is another milestone in the development of next-generation, zero-carbon mainline container shipping.The proposed 21,700 TEU container ship integrates the latest-generation of ammonia dual-fuel main engines alongside oversized C-type ammonia tanks.The hull design, with a new vertical bow…

Within the margins of the IMO Assembly meetings, on December 2, the World Maritime University (WMU), in collaboration with the 90 North Foundation, announced the release of the 2025 Arctic Report: The Arctic Ocean Region – Biodiversity, Governance & Protective Measures, a comprehensive assessment of one of the planet’s most rapidly changing and geopolitically significant regions.The report warns that the Arctic Ocean—long perceived as remote and inaccessible—is now experiencing profound environmental, economic, and political transformation.

Methanol is emerging as a practical alternative fuel for deep-sea shipping as engines and technical systems reach high readiness levels, but high costs and limited supply continue to constrain wider adoption, classification society DNV said in a new report.As the industry explores multiple decarbonization pathways, methanol is gaining attention as a practical and scalable alternative fuel for deep-sea shipping, supported by over 450 methanol-capable vessels in operation and on order and technical solutions now available for all major ship types.DNV’s latest white paper…

Danish shipping company NORDEN has acquired the Southern African cargo activities of Taylor Maritime, previously operated under the IVS brand, adding to its growing parceling and project cargo business.As part of the deal, NORDEN will take over the specialist parceling team based in Durban, South Africa, led by Brandon Paul, who will continue serving customers on parcel trades from South Africa.“We are delighted that Brandon and his team join NORDEN as we are committed to further…

Safety management system procedures were not effectively implemented when the Spirit of Tasmania I’s second engineer was seriously injured in a fall during engine maintenance earlier this year, the final report from an Australian Transport Safety Bureau (ATSB) investigation confirmed.The accident occurred during a routine oil change on one of the ship’s main engine turbochargers, while it was berthed in Geelong, Victoria, on March 6.Problems encountered during the work led to the decision to replace the turbocharger’s bearing housing cover plate.

Inchcape Shipping Services, a leader in port agency and maritime services, has announced the opening of its new office in Geoje, Korea. This expansion increases Inchcape’s footprint in South Korea to three offices—Seoul, Busan, and now Geoje, covering 23 ports nationwide.Geoje is a strategic hub for global shipbuilding and offshore projects, playing a critical role in the construction of LNG carriers, container vessels, naval ships, and offshore platforms. The city is central to international shipping and energy sectors…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai's shipbuilding business, has signed a shipbuilding contract with HMM for eight 13,400-TEU dual-fuel container ships.The vessels ordered are 337 meters in length, 51 meters in width, and 27.9 meters in height.They will be equipped with LNG dual-fuel engines and a significantly enlarged fuel tank, expanded by approximately 50%, to enhance operational efficiency.Of the eight vessels…

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, the World Shipping Council, a trade association for vessel-operating common carriers organized under an FMC-filed agreement, appealed the Rule to the U.S. Court of Appeals for the D.C. Circuit, seeking to have it overturned.On September 23, 2025, the court issued its decision in that case, setting aside just one section of the Rule – 46 C.F.R.

Baltic Exchange has launched a new Time Charter Equivalent (TCE) earnings calculator, designed to bring clarity and consistency to freight assessments in an increasingly complex market. The calculator builds on the Baltic’s long-standing TCE methodology, which has been in use since 2008. Users can see the constituent parts of the standard calculation, including income lines, expenses, port and canal charges, helping ensure transparency and accurate benchmarking. This is particularly valuable as ships adapt to new trading patterns driven by geopolitical tensions and shifting global routes.

South Carolina Ports recorded 206,859 TEUs at its marine terminals in October, a 1% year-over-year dip, as fiscal year volumes remain above plan. October marked the Port's strongest month for loaded exports since June, with an 18% year-over-year increase.The predicted slowdown mirrors national trends as containerized imports in the U.S. saw a 7.5% year-over-year decrease in October, following the front-loading of imports over the summer months.SC Ports President and CEO Micah…

In this moment of heightened trade tensions, the International Chamber of Shipping co-hosted a second Global Maritime Trade Summit in Hong Kong to explore geopolitics and trade realignment, building resilient supply chains, and financing a dynamic and robust maritime economy. The summit was co-hosted by the Transport and Logistics Bureau of the Government of Hong Kong, SAR and the Hong Kong Shipowners Association.The theme of this year’s summit was Building Resilience, Driving Growth and Investment.“The maritime industry is at a pivotal moment.

CMA CGM closed the third quarter of 2025 with a mixed scorecard that underlines how volatile geopolitics continue to reshape global liner networks. Group results fell year-on-year, but the core shipping arm lifted liftings and stabilized sequentially, a sign that network agility and cost discipline are cushioning the shocks.Volumes Up; Pricing and Margins DownCMA CGM transported 6.17 million TEU in Q3, +2.3% year-on-year and +3.4% versus Q2, despite a stop-start environment on the China–U.S. trades and ongoing Red Sea/Gulf of Aden diversions.

Ellerman City Liners, part of GB Global, has acquired Viasea Shipping from Norway’s ColliCare Holding AS, a move that strengthens Ellerman’s position in the European shortsea shipping market and deepens its commitment to sustainable logistics solutions.Founded in 2016, Viasea has grown rapidly as a challenger brand in Northern Europe’s shortsea sector, operating scheduled services between the UK, Norway, the Netherlands, Poland, and Lithuania. With offices across key logistics hubs including Moss…

German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-year earnings forecast, blaming volatile markets and pledging to be strict on costs.The company revised its full-year earnings before interest and taxes (EBIT) projection to between 500 million and 1 billion euros, trimming the upper end from a previous range of 200 million to 1.1 billion euros announced in its August earnings.Security concerns in the Red Sea that necessitated longer re-routings and frequent shifts in U.S.

German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing market volatility and rising costs.The company narrowed its full-year earnings before interest and taxes (EBIT) forecast to between 0.5 billion and 1.0 billion euros, reducing the upper end from a previous range of 0.2 billion to 1.1 billion euros announced in its August earnings."(We) will respond agilely to changes in global trade and maintain strict cost discipline…

Marcura and CFARER announced a strategic partnership that connects e-commerce procurement with technical operations for fleets worldwide. Under the agreement, ShipServ becomes the recommended e-commerce platform for Ship Manager Procurement, which supports about 2,000 vessels. The partnership also brings VesselMan to CFARER customers for digital dry-docking, inspections, and technical project execution.Many operators run capable purchasing software, yet face a fragmented supplier landscape.

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.Fleet optimization and $100 million in vessel efficiency and LNG dual-fuel investments underscore SFL’s long-term sustainability strategy.SFL Corporation Ltd. reported third-quarter 2025 operating revenues of $178 million and net income of $8.6 million…

A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled.

As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers. In the past year, the Baker Hughes overall count of U.S. rigs working has declined. September 2025’s U.S. Rig count of…

A new series of six General Cargo vessels being built by Ferus Smit in the Netherlands for Irish ship operator Arklow Shipping will sport EST-Floattech's Octopus Lite battery system. EST-Floattech designed the system to fit the sailing profile of the vessels, a close collaboration with the yard and owner designed to provide both technology and efficiency gains.The new series of 11,000 DWT general cargo vessels represents another successful chapter in the ongoing collaboration between Ferus Smit and Arklow Shipping.The battery systems will support several onboard functions…

Raymarine, a leader in marine electronics, announced the availability of its latest Pathfinder Radar Systems, including the IMO Type Approved CAT-1 Radar and the new Pathfinder Black Box Radar System. These solid-state radar solutions meet the diverse needs of international shipping, large workboats, superyacht, and inland commercial vessels.Built on Raymarine’s radar platform, Pathfinder delivers resolution, reliability, and integration capabilities. The CAT-1 models, available in 27- and 32-inch displays…