Shipping News

Oslo-listed dry bulk operator Western Bulk reported a marked earnings recovery in the second half of 2025, capitalizing on a broad-based rebound in freight markets and tighter effective vessel supply.According to the company’s Second Half Year Report 2025, Western Bulk generated a net profit after tax of USD 7.4 million in 2H 2025, compared with a net loss of USD 5.2 million in the same period a year earlier. For the full year, the group posted a net profit of USD 5.4 million…

Exolum, Methanex Corporation and Ørsted announced the launch of the United Kingdom’s (U.K.) first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port by cargo volume and a critical gateway for energy and bulk materials, making it an important hub for maritime operations and low‑carbon fuel supply. The initiative will provide marine bunkering services for bio-methanol, one of the leading green fuels for decarbonizing shipping.

Lloyd’s Register (LR) Advisory has been appointed by Geneva-based LPG trader and shipowner Geogas to support the development of a multi-year emissions compliance plan and operationalization of FuelEU pooling, as it prepares for the first compliance cycle of FuelEU Maritime.Under the agreement, LR Advisory will provide insight into the commercial implications of current and forthcoming emissions regulations, alongside targeted knowledge transfer to build internal capability. The…

Russian oil tankers are increasingly listing Singapore as their official destination, signalling a shift in export flows from India to China and growing concerns over Western sanctions, traders said and LSEG shipping data shows.LSEG data shows tankers carrying about 1.4 million metric tons of Russian crude departed for Singapore in January, the highest monthly volume in recent years.Singapore doesn't import Russian oil amid sanction risks, but its nearby waters are sometimes used for ship-to-ship transfers…

The United States issued fresh guidance on Monday to commercial vessels transiting the Strait of Hormuz, a key shipping lane for Middle East oil supplies, as tensions simmered between Washington and Tehran over Iran’s nuclear program.Iran has in the past threatened to close down the Strait of Hormuz, a portion of which lies within its territorial waters, and has at times seized commercial ships and oil tankers moving through the area alleging smuggling.The U.S. Department of Transportation’s Maritime Administration…

U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit, maritime interdiction and boarding on the Aquila II without incident " Hegseth wrote in a post on X. "It ran, and we followed."After capturing Venezuelan President Nicolas Maduro in a military raid last month in Caracas, the U.S.

A.P. Moller - Maersk has ordered eight large container vessels from China’s New Times Shipbuilding.All eight ships will have the same characteristics and make up a new series of 18,600 TEU vessels with delivery in 2029 and 2030.The ships will be equipped with dual-fuel engines able to operate on conventional bunker fuel or liquified gas.“We are pleased to have signed this agreement for eight large vessels. The order is part of our ongoing fleet renewal and helps maintain our fleet’s competitive edge…

Kongsberg Maritime has been hired by Consórcio Marenova to design and equip four methanol- and ethanol-ready handy-size product tankers for Petrobras Transporte (Transpetro).The vessels will be built by Consórcio Marenova, a partnership between Ecovix in Rio Grande and MacLaren in Niterói, and will be operated by Transpetro.Kongsberg Maritime said the contract is valued at more than $31 million (NOK 300 million) and includes delivery of complete ship design and a range of integrated systems.These include propulsion systems with Promas and controllable pitch propellers…

Mitsui O.S.K. Lines (MOL) has taken delivery of a new liquefied petroleum gas (LPG) dual-fuel very large gas carrier (VLGC), Energia Grandeur.The vessel was ordered by MOL group company MOL Energia from Hyundai Samho Heavy Industries, with delivery taking place off Mokpo port in South Korea on January 29, 2026.Energia Grandeur will operate under a time charter contract for CSSA Chartering and Shipping Services SA, a subsidiary of TotalEnergies.The vessel is a dual-fuel carrier capable of operating on LPG and heavy fuel oil.

About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol were granted U.S. licenses last month to export millions of barrels of Venezuelan oil to the U.S. and other destinations, following the U.S. capture of President Nicolas Maduro. The companies have since been storing the oil in Caribbean terminals and marketing cargoes to refiners in the U.S.

Global operator of roll-on/roll-off carriers Sallaum Lines has taken delivery of the MV Ocean Legacy, a pure car and truck carrier (PCTC) that has joined its Ocean Class fleet.The delivery follows the recent entry into service of the MV Ocean Explorer and forms part of Sallaum Lines’ Ocean Class program, which focuses on fleet renewal, operational efficiency and lower-emission maritime operations.The vessel was built at China Merchants Jinling Shipyard (Jiangsu) and measures about 199.9 meters in length and 37.7 meters in breadth.

Shipping groups Hapag-Lloyd and Maersk will resume some transit routes through the Red Sea and the Suez Canal this month under their shared services network, Maersk said on Tuesday.Shipping companies are weighing a return to the critical Asia-Europe trade corridor after vessels were rerouted around Africa in late 2023 following attacks in the Red Sea, which Yemen's Houthis said were to show solidarity with Palestinians in Gaza.Maersk and Hapag-Lloyd's joint ME11 service, a route connecting India and the Middle East with the Mediterranean, will resume routing through the Red Sea and the Suez Ca

Japanese shipping company NYK has invested in XFuel, a company developing technology to refine waste-derived liquid hydrocarbons into low-carbon fuel for marine applications.The investment is aimed at advancing collaboration with XFuel, including the recycling of fuel sludge generated from NYK’s operating vessels, to support the development of decarbonization technologies that utilize existing fuels.XFuel has developed proprietary Chemical Liquid Refining (CLR) technology capable of converting waste-derived hydrocarbon liquids into high-purity, low-carbon fuels suitable for marine use.

Sallaum Lines announced the relocation of its headquarters from Switzerland to Limassol, Cyprus. This move reflects the company’s long-term growth vision and its commitment to strengthening its presence within the European maritime world. Known as one of the world’s top global shipping centers and the largest shipping management hub in Europe, Cyprus is an ideal environment for maritime businesses.

Worley has been selected as Marine and Port Infrastructure Technical Advisor by the Government of Western Australia for the Westport Program, which aims to deliver a new container port in Kwinana.Under a joint venture with Arcadis, Worley will provide technical advisory and concept design services for marine and port infrastructure under an initial three-year agreement. Construction of the port is expected to begin in the late 2020s, with operations expected by 2040.Once completed…

Qatar Gas Transport Company Q.P.S.C. Nakilat announced its financial results for the year ending December 31, 2025. The Group delivered a net profit of USD$460 million (QAR 1.69 billion), representing an increase of 3.1% compared to USD$450 million (QAR 1.64 billion) in 2024.In recognition of the Group’s performance and its ongoing focus on delivering shareholder value, the Board of Directors has recommended:A cash dividend of USD$1.98 (7.2 Qatari Dirhams) per share for the second half of 2025.

CMA CGM has announced its FAL1, FAL3 and MEX services connecting Asia and Europe, which recently began transiting Suez Canal again on backhaul voyages, will return to sailing around the Cape of Good Hope.CMA CGM cited the "the complex and uncertain international context” in reversing its decision to return to the Red Sea.“Shippers crave predictability in supply chains. Carriers taking the decision to return to the Red Sea then reversing that decision - even if it is done for important safety reasons - still risks undermining confidence in schedule reliability and eroding trust in partnerships…

The World Shipping Council (WSC) announced that Höegh Autoliners has joined as a member, further strengthening the Council’s representation of the global liner shipping industry, including the vehicle carrier sector.“We are pleased to welcome Höegh Autoliners to the World Shipping Council,” said Joe Kramek, WSC President & CEO. “Vehicle carriers are a core part of liner shipping that move global trade. Höegh Autoliners brings valuable expertise and perspective as we work with policymakers on safety…

Baltic Exchange has launched a new suite of indices covering four key short-range tanker routes in northwest Europe in order to create the definitive benchmark for the region’s tanker sector and bring greater transparency to the short-range tanker market.The new indices, known as the Baltic Intermediate Tanker Indices (BITI), mark the latest development of the Baltic’s global tanker benchmarks, and reflect the Baltic’s commitment to responding to market needs and strengthening its role as the global benchmark provider for freight indices.The BITI consists of four routes – TC25…

Major shipping companies are devising strategies for a return to the Suez Canal after more than two years of disruptions due to security risks in the Red Sea.They have been rerouting vessels via longer, costlier routes around Africa since November 2023, following attacks on commercial ships by Yemen's Houthi forces, reportedly in solidarity with Palestinians during warfare in Gaza.A ceasefire agreement reached in October 2025 has led some companies to explore resumption plans, although security remains a key concern.

The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent (LOI) to explore potential cooperation in maritime transport to meet Hadeed’s Iron Ore shipping needs.The LOI, signed in Riyadh, states that both parties intend to discuss mechanisms for utilizing Bahri capabilities to meet Hadeed’s maritime transport requirements. This collaboration aims to explore potential joint opportunities between Bahri and Hadeed…

A U.K.-led maritime consortium has set out plans to develop international standards for nuclear-powered commercial ships, as Britain seeks a leading role in efforts to decarbonize global shipping.The Maritime Nuclear Consortium, convened by Lloyd’s Register, brings together companies from the nuclear, maritime, insurance and regulatory sectors to address safety, security, regulation and commercial viability for nuclear-powered vessels.The consortium’s core members include Lloyd’s Register…

Global shipping company Diana Shipping plans to launch a proxy fight to replace rival Genco Shipping & Trading's six current directors, making its decision just days after the board rejected Diana's takeover offer, two people familiar with the matter said.Diana Shipping, which owns nearly 15% of Genco and proposed buying all outstanding shares for $20.60 per share in cash, will nominate executives who have shipping and maritime industry experience in the coming days, one of the…