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Panama Canal to Cut Daily Transit Slots From September as Rainfall Falls Short
The Panama Canal will reduce daily transit slots from 3 September after below-expected rainfall in its watershed, reorganising bookings into four cargo-type auction groups.
Eidesvik Offshore Reports Higher Q2 Revenue but Lower Earnings
Eidesvik Offshore posted NOK204.5 million in second-quarter freight revenue, up from NOK198.5 million a year earlier, while EBITDA fell to NOK71.4 million on a tougher comparison.
Evergreen to Trial AI-Based Autonomous Navigation on a Container Ship
Evergreen Marine will test an SHI-built autonomous navigation module on one of its container ships, with ClassNK independently verifying any reduction in fuel use and emissions.
Bangkok Maersk Makes First Suez Transit With 190,000-Tonne Cargo
Bangkok Maersk crossed the Suez Canal for the first time on 22 August, part of a northern convoy that also carried sister vessel Mathilde Maersk on Maersk's AE7 Asia-Europe service.
Equinor Keeps Rescue Vessel Havila Troll on Charter Until November 2027
Equinor Energy has exercised a one-year option on Havila Shipping's rescue and recovery vessel Havila Troll, extending the charter to November 2027.
SONFOR Takes Majority Control of Lillebaelt Syd and Starts Partner Hunt
Danish utility SONFOR has been cleared to take the majority stake in Lillebaelt Vind after TotalEnergies withdrew, and is now assessing new partners and the project's business case.
Icebreaker Botnica Fixed for a 45-Day South African Buoy Mooring Job
TS Shipping has chartered the multipurpose icebreaker Botnica to OSC Marine Group for a 45-day single buoy mooring change-out campaign off South Africa from May 2027.
Syria and Myanmar Appear as False Flags on Russia-Linked Tankers
Russia-linked tankers claimed Syrian and Myanmar flags for the first time in the second quarter, as the IMO's list of falsely flagged vessels climbed to 580.
A 23-Year-Old VLCC Changes Hands at $57m as Vintage Tanker Values Surge
The 2003-built, 300,000 dwt VLCC Hellstugutinden has been sold for a reported $57m, an unusual valuation for a tanker entering its twenty-fourth year.
RCL Returns to Its Feeder Roots With Four 1,900 TEU Ships in Guangzhou
Thailand's Regional Container Lines has ordered four 1,900 teu feeders at CSSC Huangpu Wenchong, using the Guangzhou yard's in-house design with shore power and scrubbers.
Japan Convenes Yards, Owners and JERA to Restart LNG Carrier Building
Japan's transport ministry has brought Imabari, Kawasaki Heavy Industries, Namura and JERA together to put numbers on order volumes, yard investment and costs for domestic LNG carrier construction.
Hanjin's Collapse Returns to Court as Korea Rethinks Rehabilitation Rules
A decade after Hanjin Shipping was declared bankrupt, the Seoul Rehabilitation Court is considering reducing its reliance on the court-appointed examiners whose valuations decide corporate survival.
Amazon Drought Pushes Manaus Container Surcharges Toward $1,900 a Box
Container lines serving Manaus have published low-water surcharges ranging from $753 per teu to as much as $1,900 per box as the Amazon dry season approaches.
Klaus-Michael Kuehne, Hapag-Lloyd's Largest Shareholder, Dies at 89
Klaus-Michael Kuehne, honorary chairman of Kuehne+Nagel and holder of 30 percent of Hapag-Lloyd, has died aged 89 at his home in Schindellegi, Switzerland.
Dutch Council of State Questions Legal Basis for Shadow Fleet Detentions
The Council of State says the international law of the sea gives no direct basis for the Dutch power to detain suspected shadow-fleet tankers at sea and take them into port.
Bulker Ocean Winner Sinks in Eight Minutes off India, 22 Crew Missing
The Panama-flagged bulker Ocean Winner took a list and went under in about eight minutes in the Bay of Bengal; two of her 24 crew have been rescued and 22 are still missing.
PIL Builds a Real-Time Digital Twin of Its Operations With Celonis and WNS
Pacific International Lines is using Celonis to build a live digital twin of its processes, with WNS embedding the capability across a fleet of more than 100 container vessels.
Australia Picks Amentum and Laing O'Rourke for the Osborne Submarine Yard
Australian Naval Infrastructure has selected Amentum and Laing O'Rourke to help build the Osborne yard for SSN-AUKUS submarines, alongside a A$12 billion upgrade at Henderson.
Algeciras Lines Up EUR 1.4 Billion to Hold Its Position at the Strait
Algeciras has mapped almost EUR 1.4 billion of public and private investment through 2030, aiming for installed container capacity of 7.5m teu by the end of the decade.
One Worker Dies in Tanker Fire at Kanasashi Shipyard in Shizuoka
A man in his 40s died and nine were hospitalised after fire broke out inside a 955-tonne tanker at Kanasashi Heavy Industries in Shizuoka, with welding work under investigation.
Washington Readies New Iran Sanctions and Presses China Over Hormuz
Scott Bessent has promised the toughest sanctions in history against Iran and called on China, which took over 80% of Iran's shipped oil in 2025, to help reopen the Strait of Hormuz.
US Night Convoys Move 10 Million Barrels a Day Through the Strait of Hormuz
US forces are escorting 15 to 20 tankers a night through the Strait of Hormuz on a southern route hugging Oman, moving around 10 million barrels of oil daily.
CMA CGM Adds Inland Emergency Fee as Low Rhine Levels Cut Barge Capacity
CMA CGM will apply an inland emergency fee on shipments routed through Antwerp, Zeebrugge and Rotterdam as low water on the Rhine reduces barge capacity and lengthens dwell times.
Baltic Dry Index Snaps Two-Session Slide as Capesize Earnings Climb
The Baltic Exchange's main dry bulk index rose 15 points to 2,791 as capesize gains outweighed a weakening panamax market and softer iron ore futures.
Pioneering Spirit Lifts North Cormorant Topsides for Dales Voe Demolition
The world's largest lifting vessel is removing the North Cormorant platform for transport to Dales Voe, where demolition of the 42-year-old structure will take 12 to 14 months.
Russian Frigate Escorts Gazprom LNG Carrier Portovyy Along the Norwegian Coast
The Northern Fleet frigate Admiral Kasatonov is escorting the Gazprom LNG carrier Portovyy from the Baltic toward Murmansk, in the latest naval protection of a Russian commercial voyage.
US Ferry Grants Award $665 Million Across 23 Projects in 14 States
The Federal Transit Administration has selected 23 ferry projects in 14 states and the US Virgin Islands for $665 million, from new passenger vessels to dock and landing rehabilitation.
Velesto Second-Quarter Profit Falls to RM531,000 as Rig Rates Slide 16%
Velesto Energy's quarterly net profit collapsed to RM531,000 from RM50.44 million a year earlier as utilisation and day rates fell, though the order book stands at RM1.3 billion.
Wilson Sons Names WS Ariel, Third Tug in Its ASD 2312 Series
Wilson Sons has named WS Ariel at Pier Maua in Rio de Janeiro, the third ASD 2312 tug from its Guaruja yard this year, with 73.5 tonnes of bollard pull and a FiFi 1 system.
Saudi Arabia Was July's Top Buyer of Russian Seaborne Fuel Oil
Saudi Arabia took 1.1 million tonnes of Russian fuel oil and VGO in July, down 18% on June, as summer power demand kept the discounted barrels flowing east.
Petrobras Opens Negotiations on Four Offshore Blocks in Ghana's Keta Basin
Petrobras has submitted an expression of interest for four offshore blocks in Ghana's Keta Basin, part of a plan to make Africa its main exploration region outside Brazil.
Maersk Expands Its AI Customs Platform as Tariff Exposure Gets Harder to Price
Maersk has widened Trade & Tariff Studio into a connected customs environment covering HTS classification, landed-cost modelling and audit readiness across a shipper's whole product catalogue.
Viking Holds $4 Billion in Cash and Sets a Four-Part Test for Acquisitions
Viking closed the second quarter with $4 billion in cash and an undrawn $1 billion revolver, and says any acquisition must beat the returns its own newbuildings generate.
LNG Bayelsa Becomes a Floating Storage Unit for Gabon's Cap Lopez Project
The former LNG carrier Bayelsa is being converted into a floating storage unit at Drydocks World Dubai, with Lloyd's Register handling class and technical assurance for Gabon's Cap Lopez gas backbone.
Dutch-Built 5,400 hp Pushboat Heads for DP World's Parana Iron Ore Run
The DPW Lapacho was launched at Kampen for a Paraguayan trade where a 25-barge tow moves 15,000 tonnes through water with 30 centimetres under the keel.
India Plans First Northern Sea Route Cargo Voyage to Europe in 2027
India would follow China's first scheduled NSR container service and a South Korean demonstration voyage, adding a third Asian user to the Russian Arctic route.
Bulker Burns VLSFO Co-Processed With Cashew Nutshell Liquid
The 82,144-dwt Scion Mathilda took 34.5 tonnes of co-processed CNSL VLSFO in Singapore and ran Asia to Northern Europe to South America without operational remarks.
Landlocked Kyrgyz Republic Warns IMO That Its Flag Is Being Faked
Bishkek told the IMO it has authorised nobody to register or operate seagoing vessels under its flag, the latest state to find its registry impersonated.
Delays and Congestion Now Absorb 5% of Global Container Capacity
Sea-Intelligence puts the absorption rate at 5.0 percent against a 2011-2019 norm of 2.2 percent, with schedule reliability stuck at 60-65 percent.
Conoship Unveils Fully Electric 89-Metre Short-Sea Cargo Ship Design
The Dutch design house has taken its proven 3,800-dwt coaster platform fully electric rather than building a new hull form around the batteries.
Rock Strike Sank New Zealand Tourist Catamaran Carrying 41 People
The 17-metre Black Cat struck Archway Rock off Akaroa with 38 passengers aboard, flooded, and was lost after the crew could not operate the bilge system.
German Court Leaves Eventin Crude Cargo Sale Blocked as Case Drags
The Hamburg Finance Court has closed the expedited track and will wait for the main ruling, keeping customs barred from confiscating or selling the crude.
HD Hyundai in Advanced Talks to Buy a US Shipyard Under MASGA
South Korea's largest shipbuilder has narrowed its search to two or three American yards, with Cerberus Capital Management and the Korea Development Bank lined up behind the deal.
Crew of US-Flagged SLNC York Evacuated After Water Ingress
The 9,500 dwt roro SLNC York was in ballast from Honolulu to Japan when it reported an incursion of water, and its 18 crew transferred to the gas carrier Pacific Yantai.
Royal IHC Names Erik-Jan Bijvank Chief Executive From October
Royal IHC will change both its chief executive and its chief financial officer within weeks, three years after the Kinderdijk builder restarted under Te Bokkel.
Finland Picks Helsinki Shipyard to Build the Icebreaker Aino
Helsinki Shipyard has won the contract for the first of Finland's next-generation icebreakers, a 96-metre vessel able to open a 25-metre channel, with delivery set for September 2029.
Arklow Falcon Hits Canal Bank After Rudder Failure at Terneuzen
The 90-metre Irish general cargo ship drove its bow into the embankment near Terneuzen after losing rudder control, and was backed off about an hour later with tug assistance.
Heerema Consortium Wins 120,000-Tonne UK North Sea Removal Work
Heerema Marine Contractors and AF Offshore Decom have been awarded three UK North Sea platform removal contracts with a combined weight of more than 120,000 tonnes.
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