Switzerland News

Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21. to wind down any…

Global shipping companies are moving full steam ahead with commercial vessel orders from Chinese shipyards, despite the U.S. targeting those ships with port fees aimed at countering China's maritime dominance, a new report from the Center for Strategic and International Studies showed.Chinese shipyards captured 53% of all global ship orders by tonnage during the first eight months of 2025, according to the CSIS analysis of S&P Global data released on Wednesday.That was on par with full-year 2023 levels before the U.S.

This week MarineLink reported that the Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland.GEA’s first flagship program is the Marine Fuel Sector Initiative, an industry led effort to transform ethanol’s market potential into commercial reality and establish it as a cornerstone of the sustainable marine fuel mix.Sylvain Zurcher, Co-Founder & President of the GEA, notes that the US is one of the world’s largest ethanol producers with strong infrastructure already in place.

The Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland.GEA’s mission is to unite resources and expertise, foster cross-sector collaboration, and amplify a powerful industry voice to unlock new opportunities across emerging sectors and accelerate sustainability, innovation, and growth in established ethanol markets.“The Global Ethanol Association represents a transformative step for ethanol as a strategic enabler of sustainable solutions across industries” said Sylvain Zurcher…

Ampereship, a shipbuilding company based in Stralsund that specializes in the construction of new electric solar-powered ships and ferries for inland waters, has completed its first conversion of a diesel-powered passenger ship to fully electric propulsion. The converted passenger ship “Uetliberg” recently completed its first emission-free voyage on Lake Zurich in Switzerland. Built in 1999 and now classified as an electric ship, the 42.4-meter-long vessel is currently the largest battery-powered passenger ship in Switzerland.

The Indian government has extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting July, a government order said on Monday, dealing a blow to steelmakers who oppose restrictions on overseas purchases.India, the world's second-largest crude steel producer, will set country-specific import quotas and cap purchases at 1.4 million metric tons from July 1 to December 31, the order said.Reuters in February reported that India could extend curbs on low-ash met coke imports to encourage local steel mills to use domestic suppliers.

WinGD has launched its global service offer, expanding the original parts supply, in-service support and technical advisory it currently delivers during the engine warranty period across the entire vessel lifecycle. Global Service by WinGD will support ship operators by maximizing the profit-making potential of their engines and vessels, maintaining optimal efficiency and extending the compliant lifetime of their assets.Global Service by WinGD complements the full lifecycle support already offered to global WinGD users through digital optimization…

Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.The ships on those routes have the combined capacity to deliver 25,682 40-foot containers stuffed with toys, tennis shoes, car parts and things U.S. manufacturers use to produce goods each week - or more than 1.3 million 40-foot containers a year…

Alfa Laval has signed its first contract for the ammonia fuel supply system, FCM Ammonia.The FCM Ammonia will be installed on a CSSC Huangpu Wenchong shipyard in China for ship owner Tianjin Southwest Maritime (TSM). The installation will commence with three 25,000-cu. m. vessels, followed by four 41,000 cu. m. vessels.The FCM Ammonia contract follows testing and development conducted in close collaboration with WinGD. In December 2024, testing of the full fuel supply system, fuel valve train…

WinGD reports it has confirmed key parameters for its X-DF-A ammonia-fueled engine design after full-load testing at its Engine Research and Innovation Centre in Winterthur in Switzerland.The performance and emission measurements deliver timely assurance as the first users prepare their vessels and auxiliary systems for ammonia fuel.The tests confirm engine performance data that WinGD has published in its General Technical Data (GTD) software, available online, and guaranteed to customers.Operation on ammonia achieved the same thermal efficiency as for diesel fuel…

Germany’s maritime industry is proving resilient amid global economic uncertainty and shifting geopolitical priorities. At the annual conference of the German Shipowners' Association (VDR), statistics underscore the sector's role in securing trade, employment, and economic stability. Despite mounting challenges, German merchant shipping remains a powerhouse—supporting nearly half a million jobs and ensuring the steady flow of essential goods into and out of the country.A Maritime PowerhouseGermany boasts a fleet of 1,764 ships, ranking it seventh among global merchant shipping nations.

The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding while countering China’s dominance in global shipping and shipbuilding.The draft order from President Donald Trump also urges allied nations to adopt similar policies or risk facing retaliatory measures from the U.S.China’s growing control over the maritime industry has become a rare bipartisan concern in the U.S.…

Yara Clean Ammonia Switzerland, a subsidiary company of the world’s largest ammonia distributor Yara International, has signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier (AFMGC) to be delivered in November 2026.Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical application of an ammonia-fueled ammonia gas carrier, and the companies have now concluded the world’s first time-charter contract for an AFMGC…

In the ever-evolving world of maritime trade, ship ownership is a key indicator of economic influence and global commerce. As we enter 2025, Veson Nautical offers its Top 10 Ship Owning Nations, offering a detailed analysis of fleet values and industry shifts. This year, China has surged to the top, overtaking Japan in total fleet value, while geopolitical events and shifting market dynamics continue to shape the rankings.Let’s take a closer look at the global giants of ship ownership and the forces driving their dominance.1.

Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World's deputy chief executive said, adding that could see freight prices "come crashing down".Sea freight prices could drop "at least 20%, 25%" and that could happen over two to three months, Yuvraj Narayan told Reuters on the sidelines of the World Economic Forum meeting taking place in Davos, Switzerland.It is hard to predict a specific timeline, however, the deputy CEO and CFO of…

The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nautical’s ‘2024 End- Of-Year-Report’.The report states that the bullish market conditions for the container sector are reflected in the TC rates as well as the 76% y-o-y increase in new ship orders which witnessed 321 deals including options, compared to 182 orders in 2023.“The container market experienced remarkable growth over the past year…

The Port of New Orleans (Port NOLA) announced that it has been awarded $1,000,000 from the Environmental Protection Agency (EPA) for its Louisiana International Terminal (LIT) Sustainability Management Plan (SMP)."This funding is a crucial investment in Louisiana’s future, supporting sustainable infrastructure and creating meaningful opportunities for our communities. The Louisiana International Terminal represents economic growth and a commitment to environmental stewardship and workforce development that will benefit Violet, St. Bernard Parish and the entire state.

The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy.The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) employer group, in a joint statement, called the agreement a "win-win." The deal includes a resolution in automation…

Contract talks covering 45,000 dockworkers on the U.S. East and Gulf Coasts are set to restart on Tuesday in a labor dispute that will help set the pace of automation at ports stretching from Maine to Texas.The International Longshoremen's Association wants to eliminate past labor contract concessions on automation - notably the use of semi-automated cranes that stack containers on docks - arguing they pose a threat to jobs.The United States Maritime Alliance (USMX) employer group…

The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board.“It is an honor to step into the role of Chair for the World Shipping Council and to represent the global liner shipping industry alongside our members. WSC is today a respected voice of liner shipping, engaging with governments and organizations globally,” said Toft.“An ever-changing world presents both challenges and opportunities for our industry as we head into the future…

U.S. President-elect Donald Trump on Thursday appeared to back the anti-automation stance of some 45,000 union dockworkers on the U.S. East and Gulf Coasts, whose labor talks are at an impasse over that polarizing issue.The ILA and the United States Maritime Alliance (USMX) employer group are facing a Jan. 15 deadline to finalize talks, which stalled over automation. That cutoff comes just five days before Trump's inauguration.The ILA says automation kills jobs while employers say it is necessary to keep U.S. ports competitive in a rapidly changing global economy."The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen," Trump said of automation projects in a post on Truth Social.

Reaffirming its dedication to upholding the labor and human rights of seafarers, Panama assumed the role of Vice Chair and governmental spokesperson during the Third Meeting of the Joint Tripartite Working Group of the International Labor Organization (ILO) and the International Maritime Organization (IMO).The meeting, held at the ILO headquarters in Geneva, Switzerland, focused on adopting international guidelines to ensure the fair treatment of seafarers detained or suspected of committing crimes…

The third meeting of the Joint ILO–IMO Tripartite Working Group to identify and address seafarers’ issues and the human element met in Geneva, Switzerland, between November 26–28 and adopted Guidelines on Fair Treatment of Seafarers detained in connection with alleged crimes.The objective of the Guidelines is to ensure that the human rights and legitimate interests of seafarers involved in alleged crimes are recognized, that seafarers detained in connection with alleged crimes are treated fairly by public authorities…