Port Side News

"Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which reached a record high of 179.5m tons on 12 March,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Steel production in China has been on a downward trend since 2023, pressured by falling domestic demand.

Tankers set to load liquefied petroleum gas from the Middle East redirected to fill up in the United States, ship tracking data showed, the latest signs of shipping and supply disruptions stemming from an escalating U.S.-Israeli war with Iran.Here are some details:Tanker Gas Bombax, which was previously signaling Qatar Ras Laffan, redirected in the Gulf of Oman and was now signaling Marcus Hook Terminal, operated by Energy Transfer, on the east coast of the United States, according…

More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil producers in the region.A Bahamas-flagged crude oil tanker was targeted by an Iranian remote-controlled boat laden with explosives while anchored near Iraq's Khor al Zubair port, according to initial assessments. A second tanker at anchor off Kuwait was taking on water and spilling oil after a large explosion on its port side.Nine vessels have come under attack since the conflict broke out between the U.S.…

BIO-UV Group has announced a strategic partnership with water-monitoring specialist MicroWISE to develop new ballast-water treatment and verification solutions designed to address rising enforcement pressures and the anticipated growth of port-side reception facilities.The collaboration combines BIO-UV Group’s BIO-SEA ballast-water treatment technology with MicroWISE real-time organism analysis, creating an integrated approach to treatment and compliance validation.The partnership comes at a critical moment for the maritime industry.

Leading shipping companies are joining forces to combat ocean plastic pollution through the launch of the Maritime Association for Clean Seas (MACS): a new industry alliance driving measurable reductions in plastic and operational waste at scale.Founded by Seven Clean Seas (SCS), an ocean impact organisation, MACS unites founding members including Berge Bulk, X-Press Feeders, and others from across the global maritime value chain.While the maritime sector contributes only a small fraction of ocean plastic pollution…

“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak, leading to a build-up of portside inventories which reached an eight-month high in week 45,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The recent uptick in Chinese purchasing appears to be driven by expectations of increased public spending and a rebound in manufacturing activity, as indicated by China’s Caixin PMI.

While political winds in the U.S. have significantly tampered many ‘green’ projects, Curtin Maritime is domiciled in California, which is globally known for its strict environmental initiatives. To that end, Curtin Maritime inked a contract recently to invest $160m for eight new hybrid-electric tugboats, vessels being built by Snow & Co. and featuring vertically integrated electric powertrains from Arc with Schottel propulsion. Maritime Reporter TV interviewed Martin Curtin, CEO…

ABS has granted approval in principle to a liquefied carbon dioxide (LCO2) floating storage and injection unit (FSIU) designed by MODEC in collaboration with Mitsui OSK Lines (MOL).Tailored to the growing demands of the global carbon capture, utilization and storage (CCUS) value chain, the design eliminates the need for onshore facilities, bringing LCO2 storage and injection offshore.With a design capable of injecting up to 10 million tonnes of CO2 annually and featuring a minimum total tank storage capacity of 100…

Artemis Technologies is leading a feasibility study on the establishment of a new ferry service between Newlyn in Cornwall and St Mary’s in the Isles of Scilly, around 30 miles off the southwestern tip of Cornwall, England, in the Atlantic Ocean.The study will assess the technical and commercial viability of deploying the Artemis EF-24 Passenger, a 100% electric, high-speed hydrofoil ferry, to provide a reliable, year-round passenger and cargo service on a route where no winter…

Yemen’s Iran-aligned Houthis said on Monday that a cargo ship they struck with gunfire, rockets and explosive-laden remote-controlled boats had sunk in the Red Sea, after their first known attack on the high seas this year.The ship's Greek operator Stem Shipping told Reuters it had no independent verification. Reuters could also not immediately verify whether the ship had sunk.The Houthis claimed responsibility for Sunday's assault and said they had allowed the 19 crew members to disembark from the Liberian-flagged bulk carrier…

The crew of a ship set on fire in an attack in the Red Sea on Sunday abandoned the vessel and were rescued as it took on water, a British maritime agency said, in an assault that private security firm Ambrey said resembles that of the Houthi militant group.The attack, off the southwest coast of Yemen, was the first such incident reported in the vital shipping corridor since mid-April.Maritime security sources said the vessel, which they identified as the Liberian-flagged, Greek-owned bulk carrier Magic Seas, had taken on water after being hit by sea drones.

Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a fifth of the world's oil.The United Arab Emirates coast guard said it had evacuated 24 people from one of the ships…

Anti-piracy equipment company Palaemon reports that security threats occurred over the past week in the Singapore Straits, Gulf of Guinea and Red Sea. The incidents include:• 32 pirates used eight boats to attack a tug boat in the Singapore Strait, stealing a large quantity of scrap metal. The crew remained unharmed. The pirates had three boats on the port side, four on the starboard side, and one boat in the rear. Each had 3-4 perpetrators onboard, with14 boarding the barge to steal the metal.• An armed assailants targeted multiple passenger boats on the Bonny River in Nigeria…

A pilot of a towing vessel on the Mississippi River left the helm unattended for several minutes, leading to a grounding near Thebes, Illinois, the National Transportation Safety Board (NTSB) has concluded.While the towing vessel City of Louisville was upbound on the Mississippi River pushing 11 barges on July 29, 2023, it ran aground in a charted shallow and rocky area. The grounding caused fractures to the vessel’s bottom plating underneath the engine room, leading to water flooding into the engine room, machinery and aft accommodation spaces.

A tank vessel struck a pier at Joint Base Charleston’s Naval Weapons Station in South Carolina after a pilot allowed the vessel to get too close to a riverbank, the National Transportation Safety Board (NTSB) said Wednesday.The 604-foot-long tanker Hafnia Amessi struck Naval Weapons Station Pier B while transiting the Cooper River on January 14, 2024. A Charleston Branch Pilots Association pilot was navigating the vessel, which sustained damage to its side hull plating. The contact resulted in $8.1 million in damages to the vessel and pier.

The UK Marine Accident Investigation Branch (MAIB) has published a time line of the collision between the Portugal registered container ship Solong and the US registered oil/chemical tanker Stena Immaculate.The collision resulted in one fatality, 14 nautical miles north-east of Spurn Head at the entrance to the Humber Estuary, England, on March 10, 2025.On 27 February 2025, the Stena Immaculate departed Agioi Theodoroi, Greece, with a cargo of aviation fuel. The tanker was bound for Killingholme…

Crowley, the manager of oil tanker Stena Immaculate that was struck on its port side by the container ship Solong, causing a blaze, has reported that all 23 members of the ship’s crew are safe and without reported injuries, as it launches spill containment response efforts.On March 10, 2025, while stationary and anchored off the North Sea coast near Hull in the United Kingdom, the Crowley-managed tanker Stena Immaculate was struck on its port side by the container ship Solong.Crowley…

Flagship Cruises & Events, a San Diego-based yacht charter, announced a $15.27m grant from the California Air Resources Board (CARB) to develop two fully electric, zero-emission ferries to serve the San Diego to Coronado route. With advanced battery technology, the vessels will not emit any greenhouse gases during operation and will remove the particulate matter associated with traditional combustion engines. The CARB Advanced Technology Demonstration and Pilot Project grant is part of California Climate Investments…

US Coast Guard aircrew, the crew of the Crowley container ship El Coquí and fishermen from the fishing vessel Bonanza rescued four men from a life raft in Atlantic Ocean’s Silver Bank waters north of the Dominican Republic on Tuesday.The men were forced to abandon the sailing vessel Mariposa after the vessel reportedly struck a submerged rock and was then overtaken by a wave which caused the vessel to roll on its port side. The vessel struck another rock which breached the vessel’s hull and started taking on water while additional waves flooded the vessel before sinking.

The increased performance of the SCHOTTEL RudderPropeller Dynamic SRP-D has once again been confirmed by external sources. At the request of the Dutch Damen Group, the Maritime Research Institute Netherlands (MARIN) carried out extensive research to demonstrate the added value of the SRP-D for Commissioning Service Operation Vessels (CSOV).While an earlier study had already demonstrated a reduced DP footprint and fuel savings, Damen’s latest research focused particularly on propulsion efficiency during thruster interactions.

Finnish police said on Tuesday they had recovered a lost anchor from the seabed as part of an investigation of suspected sabotage against power and internet cables in the Baltic Sea.Finland last month seized the Eagle S tanker carrying Russian oil on suspicion the vessel had damaged the Finnish-Estonian Estlink 2 power line and four telecom cables by dragging its anchor across the seabed."The location where the anchor was found is along the route of the Eagle S ... towards the western end of the drag trace found on the seabed…

Finnish police said on Sunday they had found tracks that drag on for dozens of kilometres along the bottom of the Baltic Sea where a tanker carrying Russian oil is suspected of breaking a power line and four telecoms cables with its anchor.The Cook Islands-registered Eagle S was boarded by Finnish police and coast guard officials on Thursday and sailed into Finnish waters where the crew of the impounded tanker is being questioned.Baltic Sea nations have been on high alert after a string of outages of power cables, telecom links and gas pipelines since Russia invaded Ukraine in 2022.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, as rates increased across larger vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 4 points to 994 points.The capesize index was up 17 points to 1,132 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $144 to $9,388.Iron ore futures rose on Monday, aided by expectations of restocking by steelmakers in top consumer China, although high portside inventories and concerns about demand going into next year limited the gains.The panamax index rose 4 points to 980 points.