Panama Canal to Launch Tender for Two New Ports
The Panama Canal will soon begin consultations with companies about launching a competitive tender in the first quarter of next year offering two new ports for construction and operation within its zone, a source involved in the preparations said on Thursday.The ports are part of a broad expansion plan being organized by the waterway's administration. It aims to increase services related to cargo handling…
The Five Ws (and How) of the IMO Polar Code
Since coming into force, the IMO Polar Code has had a positive effect on maritime operations in polar waters, write Dan Oldford and Ed Moakler, ABS HETC, St. John’s, Newfoundland and Labrador.What is the Polar Code, When and Why did it come into force?Polar regions have many unique hazards compared to warmer waters around the world. Since the earliest explorers sought to explore the Arctic and Antarctic by ship…
Can an Arctic Shipbuilding Alliance Break the Ice on Long-Term Strategic Collaboration?
Without a way for industry to work together, the US, Canada, and Finland will not achieve the aims of the ICE pact, writes Denis Morais, CEO SSI.The United States and Canada have made no secret of their desire to add to their ice-breaking capacity, with ambitious plans to build the new tonnage in their home countries.The US has indicated it could need as many as 40 new icebreaking vessels, in addition to ice-class tonnage that could be required to support operations in the high north.
Star Information Systems Data-Driven Asset Management with Sharecat Acquisition
Star Information Systems (STAR) has acquired Sharecat, a provider of solutions for managing and improving technical data quality for complex industrial operations.STAR delivers advanced systems for maintenance, operations planning, procurement, logistics, and master data management, mainly for the maritime sector. The company has grown significantly over over the past four years and is on track to…
Port of Los Angeles Reports Busiest Month Ever
July was the busiest month on record in the 117-year history of the Port of Los Angeles. The Port handled 1,019,837 Twenty-Foot Equivalent Units (TEUs), 8.5% more than last July. Retailers and manufacturers brought in goods at an elevated pace due to concerns of higher tariffs later this year.“Shippers have been frontloading their cargo for months to get ahead of tariffs and recent activity at America’s top port really tells that story,” said Port of Los Angeles Executive Director Gene Seroka.
The Pasha Group Acquires Assets of MacMillan-Piper LLC, Tacoma Transload LLC
The Pasha Group, together with The Northwest Seaport Alliance (NWSA), announced Pasha Logistics LLC’s acquisition of certain assets of MacMillan-Piper LLC and Tacoma Transload LLC. The expansion follows the successful completion of an asset purchase agreement with the court-appointed Receiver for GSC Enterprises, Inc., which included certain assets of MacMillan-Piper LLC—a Pacific Northwest specialty transloader—and Tacoma Transload LLC.
Black Sea Task Force to Clear Mines Expands
NATO allies Romania, Bulgaria and Turkey should expand a joint task force that clears mines floating in the Black Sea to include patrols to protect energy facilities and trade routes from potential Russian attack, Romania's defence minister said.The Black Sea - especially Ukrainian waters - has been a crucial theatre of war since Russia's 2022 invasion of Ukraine, and drifting sea mines have posed a threat to shipments of grain and oil…
Fire breaks out onboard Maersk Containership
A fire broke out onboard a Maersk container vessel off the coast of Liberia on Wednesday and the crew was still battling to put out the flames a day later, the Danish shipping group said on Thursday."The crew of the Marie Maersk detected smoke coming from containers onboard the vessel en route from Rotterdam, The Netherlands to Tanjung Pelepas, Malaysia," Maersk said.The crew was safe while it attempted to keep the situation under control.
CK Hutchison: "Reasonable Chance" $22.8B Ports Sale Will Go Through
CK Hutchison said on Thursday its $22.8 billion ports business sale had a "reasonable chance" of going through after a plan to add a Chinese major strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions.CK Hutchison, based in the Chinese-controlled territory of Hong Kong, has faced heavy criticism from Beijing since unveiling a plan in March to sell 43 ports in 23 countries…
Bunker Sales Surge in Singapore
Singapore's marine bunker fuel sales in July climbed to their highest in more than one and a half years, official data showed on Thursday.Sales at the world's largest refuelling hub for ships totalled 4.92 million metric tons in July this year, up 7.0% month-on-month and 5.7% year-on-year, data from Singapore's Maritime and Port Authority (MPA) showed.More sales emerged as monthly container throughput hit its highest in the year at 3.87 million twenty-foot equivalent units (TEUs)…
FLOATING POWER: Seatrium, Karpowership Ink Pact for FSRU Conversions
Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore, where integration works will begin in the first quarter of 2027.
Golar LNG Locks In $13.7B FLNG Backlog with Landmark Argentina Deals
Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s under-conversion MKII FLNG, securing 40 years of combined charter commitments.For the quarter ended June 30…
Nigerian Seaborne Import of Clean Petroleum Products Falls 39%
“During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during 2024,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The reduction in imports is due to the start of operations at the 650 kbpd capacity Dangote refinery early last year.
Everllence and MEYER RE Cooperate on Methanol Retrofits
MEYER RE has established a strategic partnership with Everllence to advance methanol retrofit solutions in the maritime industry.The collaboration focuses on the retrofitting of existing Everllence four-stroke engines and vessels, providing a practical solution for shipping companies transitioning towards greener fuel alternatives.Germany-based MEYER RE provides after sales support for cruise ships throughout their entire service life…
Weak Wind Cuts RWE's Profit
Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business.First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion euros ($2.50 billion), missing the 2.24 billion average estimate in an analyst poll provided by the company.The group, which is also the world's second-biggest developer of offshore wind projects, still
Hapag-Lloyd Cites Geopolitical Uncertainty, Lowers 2025 Earnings Forecast
Container shipping company Hapag-Lloyd reported a 3.1% decline in first-half net income on Thursday and lowered the top end of its full-year earnings forecast, largely due to uncertainty over geopolitical issues and U.S. trade policy.The world's fifth-largest shipping firm projected full-year earnings before interest and taxes ranging between 200 million euros and 1.1 billion euros, compared with a previously expected range of breakeven to 1.5 billion euros.Frequent changes in U.S.
Nigeria Increases US Crude Imports
During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during 2024.The reduction in imports is due to the start of operations at the 650 kbpd capacity Dangote refinery early last year. By June 2025, the refinery’s output had reached 550 kbpd…
Norwegian Divers Sentenced Over Thwarted Cocaine Plot
Two Norwegian nationals have been jailed in Australia for attempting to possess 80kg of cocaine smuggled in as a parasitic attachment on the hull of a bulk carrier.A man, 53, was sentenced by the Newcastle District Court to nine years’ and 11 months’ imprisonment, with a non-parole period of four years and 11 months.His accomplice, 35, was sentenced by the same court to 10 years’ and two months’ imprisonment…
Van Oord Completes First Bio-LNG fuel Bunkering
Van Oord’s trailing suction hopper dredger Vox Ariane has completed its first bunkering of Bio-LNG on the Elbe in Germany.As the first marine contractor to have its climate targets approved by the Science Based Targets initiative (SBTi), Van Oord is actively investing in decarbonization solutions. Transitioning to alternative fuels such as Bio-LNG is a key part of the strategy.Bio-LNG is produced from sustainable biobased feedstocks, including municipal organic waste and agricultural residues.
26 Die in Migrant Shipwreck Off Italian Island
At least 26 people died in a migrant shipwreck off the southern Italian island of Lampedusa on Wednesday and 60 were brought ashore, the coastguard said, adding that the death toll was still provisional amid ongoing search operations.The disaster, in this case involving people travelling from Libya, is the latest to befall migrants making the perilous Mediterranean crossing from Africa to Europe.An…
