Shipping News

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…

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…

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.

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…

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…

Coach Solutions, a Kongsberg Company, and classification society ClassNK have partnered to deliver an automated emissions data verification process for their mutual clients.The companies said the process creates a seamless experience for shipowners and Document of Compliance holders who need to extract, standardize, verify and share vessel data for transparent use by stakeholders.The integration with ClassNK is a strategic partnership that, from January 2026, will further strengthen Coach’s mission to put practical…

A newly built very large gas carrier (VLGC) was named Lucent Pathfinder at a ceremony held at Kawasaki Heavy Industries’ Sakaide Works, marking the seventh dual-fuel LPG carrier using LPG ordered by NYK.The vessel, which will be chartered by United Arab Emirates-based LPG trader BGN INT DMCC, is designed for the global transportation of liquefied petroleum gas and is capable of operating on both heavy fuel oil and LPG.The naming ceremony was attended by around 30 stakeholders.

The captain of a container ship that crashed into a U.S. tanker off Britain's east coast last year did "absolutely nothing" to prevent an avoidable and fatal collision, British prosecutors said on Tuesday as his trial over a crew member's death began.Russian national Vladimir Motin, 59, was captain of the Portuguese-flagged Solong which was heading to Rotterdam in the Netherlands when it hit the Stena Immaculate tanker, which was anchored, on March 10 2025.The Solong was mainly carrying alcohol and some dangerous goods…

Russia has attacked two foreign-flagged civilian vessels with drones in the southern Odesa region, killing a Syrian national and injuring another, Ukrainian officials said on Friday.Moscow has stepped up attacks on Ukraine's maritime export arteries over the last two months as retaliation for attacks on "shadow fleet" tankers heading to Russia to export its oil.Deputy Prime Minister Oleksiy Kuleba said in a statement that one ship had been sailing along Ukraine's maritime export corridor to pick up a grain cargo at the port of Chornomorsk, and was under the flag of Saint Kitts and Nevis.The ot

The Rio Tinto marine team ia a leading charterer, chartering and operating a fleet of more than 230 ships to transport over 300 million tonnes of product every year. Glencore shares rose by 10% on Friday following news it is in talks with Rio Tinto  about a takeover that would create the world's largest mining group, valued at almost $207 billion.While Glencore gained, Rio Tinto shares fell by as much as 3%, reflecting investor scepticism towards a deal and concerns it will overpay.The two miners have discussed combining their operations before.

Union Maritime has taken delivery of what it said is the world’s first long-range 2 (LR2) tanker powered by liquefied natural gas (LNG) and wind-assisted propulsion.The vessel, MT SPA, was delivered on January 6 in Jingjiang, China, and was built by Yangzijiang Shipbuilding. It is a high-specification LNG dual-fuel LR2 tanker fitted with WindWings technology, combining alternative fuel capability with wind-assisted propulsion.Union Maritime said the vessel was designed to reduce emissions while maintaining operational efficiency and commercial performance.

This Safety Alert highlights the critical importance of preventing water intrusion into fuel tanks. The U.S. Coast Guard (USCG) investigated a marine casualty that occurred in the Corpus Christi Shipping Channel, involving a towing vessel constructed in 2011 with a low freeboard. While pushing a barge loaded with methanol, the vessel encountered sea state conditions with 4-foot wave heights and sustained winds of 35 knots. These conditions caused water to fill the fixed containment area beneath the vessel's fuel tank vent pipes…

Crowley announced a strategic consolidation of its business structure to create more efficiency and value for customers. The company is creating two divisions: shipping and logistics, led by Executive Vice President and Division President James C. Fowler, and energy, led by Executive Vice President and Division President Kollin Fencil. This new alignment enhances agility while improving operational execution, positioning Crowley to more rapidly unlock growth across its shipping, logistics and energy sectors. Fowler and Fencil report to Chief Operating Officer Megan Davidson.

The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian submarine and warship were close by, two U.S. officials told Reuters on Wednesday.The seizure, which could stoke tensions with Russia, came after the tanker, originally known as the Bella-1, slipped through a U.S. maritime "blockade" of sanctioned tankers and rebuffed U.S. Coast Guard efforts to board it.The officials…

ABB has signed contracts with Rotterdam Shore Power (RSP) to engineer and construct what is expected to be the world’s largest shore power system by capacity at the Port of Rotterdam.The system will provide over 100 megavolt-amperes (MVA) of shore power capacity and is set to begin operations in the second half of 2028, serving three deep-sea container terminals.The installations aim to reduce emissions, support compliance with the EU’s FuelEU Maritime Regulation, and improve air quality in Europe’s busiest port.The project…

Two vessels from CMA CGM, the world's third-largest container shipping line, have travelled through the Suez Canal, the authority that runs the waterway said on Tuesday, in a sign the disruptions linked to the Gaza war could be easing.While the Suez Canal provides the fastest link between Asia and Europe, since November 2023, shipping companies have had to take much longer routes because Yemen's Iran-aligned Houthi militants attacked commercial vessels, saying they were acting in solidarity with Palestinians during warfare in Gaza.CMA CGM did not immediately respond to a request for comment.

DHL Global Forwarding and shipping group CMA CGM have agreed to jointly use 8,990 metric tons of second-generation biofuel to reduce emissions from ocean freight.The initiative is expected to cut around 25,000 metric tons of carbon dioxide equivalent emissions on a well-to-wake basis for container shipments moved under DHL’s GoGreen Plus service, marking a further step in efforts to decarbonize maritime transport.Under the agreement, the biofuel used will be UCOME, a second-generation fuel derived from waste and residue feedstocks.

Japanese power generator JERA has signed separate heads of agreements with Mitsui O.S.K. Lines (MOL) and NYK Group for the charter of ammonia carriers, as it moves toward establishing Japan’s first large-scale low-carbon ammonia transport chain.Under the agreements, MOL and NYK affiliates will charter vessels designed to transport low-carbon ammonia produced at JERA’s Blue Point Complex in Louisiana to JERA’s Hekinan Thermal Power Station in central Japan. The arrangements are…

Danish shipping company Maersk said on Friday that one of its vessels had successfully navigated the Red Sea and Bab el-Mandeb Strait for the first time in nearly two years, as shipping companies weigh returning to the critical Asia-Europe trade corridor.The company stated that while it had no firm plans to fully reopen the route, it would take a "stepwise approach towards gradually resuming navigation" via the Suez Canal and the Red Sea. Maersk declined to further elaborate on its plans.Maersk and rivals…

U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren't used to transport illicit hydrocarbons, according to copies of the letters seen by Reuters.The letters from Wyden, who is the most senior Democratic member of the Senate Finance Committee, were dated Friday. They come as stolen crude and bootleg fuel have become the second-largest revenue source for Mexican cartels after drugs…

The Federal Maritime Commission acknowledges the service of the members of the National Shipper Advisory Committee (NSAC). Since October 2021, NSAC’s members have provided information and perspectives on conditions in the ocean freight delivery system. NSAC’s meetings and recommendations have assisted the Commission on a range of matters related to international ocean transportation.NSAC will continue to focus on providing information and industry perspectives to the Commission…

Japan’s ClassNK has issued an approval in principle (AiP) for a bulk carrier concept developed by Oshima Shipbuilding that is designed to be ready for multiple alternative fuels, including ammonia, methanol and liquefied natural gas (LNG), as well as onboard carbon capture and storage (OCCS).The approval confirms the technical feasibility of the vessel from a regulatory and safety perspective and reflects growing industry efforts to future-proof newbuilds amid tightening emissions rules.The concept design was reviewed in line with ClassNK’s updated Guidelines for Ships Using Alternative Fuels…

"Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast ship demand growth of 2.5%-3.5% in both 2026 and 2027 while supply is estimated to grow 3% in 2026 and 3.5% in 2027,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The return to normal Red Sea and Suez Canal routings in the not-too-distant future, however, seems increasingly likely, which could result in a 10% reduction in ship demand.