Shipping Herald

The board of directors of Pacific Basin Shipping Limited announces that Mr. Kristian Helt has been appointed as an executive Director of the Company and Mr. Alexander Howarth Yat Kay …

Valaris Limited announced that it has been awarded a five-well contract with Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt. The contract is expected to commence in the …

Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG and Oldendorff Carriers have entered into a long-term agreement to reduce carbon emissions in the maritime transport of iron ore, marking a …

MPC Container Ships has placed an order for two 1,600 TEU container vessels in combination with 8-year charters to one of the leading global liner operators. MPCC has signed contracts …

Oil tanker operator DHT Holdings said on Monday that its fleet does not fall under the scope of China’s new special port fees targeting U.S.-linked vessels. China has imposed fees …

Thenamaris is reported to be in advanced talks to acquire the entire LR2 tanker fleet from Frontline. According to various reports, the vessels involved are 18 modern LR2 tankers, with …

The president of the Association of Greek shipowners, Melina Travlou, expressed her strong concern that the decarbonization plan promoted by the International Maritime Organization will not be able to achieve …

A South African court dismissed a case brought by A.P. Moller-Maersk A/S against a port-expansion deal awarded to a firm headed by Filipino billionaire Enrique Razon, paving the way to …

According to market sources, Chartworld Shipping has placed an order with Yangzhou Guoyu Shipbuilding for four firm and four optional 3,100 TEU containerships. The price of each vessel is thought …

Minerva Dry is believed to have ordered three 3,000 TEU containerships at Penglai Zhongbai Jinglu Ship Industry, at a price of approximately USD 45 million per vessel. Sources indicate delivery …

The United States on Friday threatened to use visa restrictions and sanctions to retaliate against nations that vote in favor of a plan put forward by a United Nations agency …

China will slap port fees on U.S.-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to U.S. port fees on China-linked ships starting the same day, China’s transport …

The Pakistan National Shipping Corporation (PNSC) has approved the purchase of three new ships worth $193 million as part of its plan to strengthen the national fleet. According to the …

The European Union and US have squared off over a proposal to slash the global shipping industry’s carbon emissions ahead of a vote this week, with Washington threatening to penalize …

Liquefied natural gas (LNG) is emerging as a leading player in the decarbonization of shipping, responsible for approximately 3% of global emissions. Given the obstacles to the development of alternative …

Leading international maritime associations and organisations reiterate our strong support for adoption by the world’s governments at the UN International Maritime Organization (IMO) of the “Net-Zero Framework” at the critical …

The South Carolina Port Authority’s Board of Directors announced Micah Mallace as the agency’s next President and CEO. The vote was unanimous. Mallace assumes leadership of SC Ports after a …

Maersk shares fell on Thursday on expectations a Gaza ceasefire deal could eventually restore container shipping routes through the Red Sea and Suez Canal, easing a capacity crunch that has …

BP BP.L has won its arbitration case against Venture Global VG.N over the U.S. supplier’s failure to deliver liquefied natural gas under a long-term contract that was due to start …

Iron ore futures advanced on Thursday, supported by inventory restocking at Chinese steel mills following the National Day holiday, although profit margins and concerns over trade restrictions on steel weighed …

C3is Inc., a ship-owning company providing dry bulk and tanker seaborne transportation services, today announced the closing of its previously announced registered direct offering with institutional investors for the purchase …

The Cyprus Shipowners’ Association (CSA) held its general assembly in Limassol earlier this week, on the sidelines of the Maritime Cyprus 2025 conference. The meeting brought together leading representatives of …

Norwegian shipping tycoon John Fredriksen has given a vote of confidence to Greek shipowner Petros Pappas’ Star Bulk, increasing his stake to nearly 12% and placing a close associate on …

Energy company Gasum and shipping company Wallenius Sol have signed a co-operation agreement whereby Wallenius Sol’s dual fuel vessels join Gasum’s FuelEU Maritime pool as compliance generators. The vessels will …

ExxonMobil is entering the LNG marine bunkering market, initially with two LNG bunker vessels, marking an important step in its efforts to help reduce greenhouse gas (GHG) emissions from the …

The Port of Long Beach on Wednesday was awarded $20 million by the California Energy Commission to fund the ongoing development of Pier Wind, a proposed 400-acre terminal to assemble …

Lashers in Europe’s largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages, while Flemish harbour pilots protesting about pension reforms in the main …

The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said in a statement on Wednesday. The …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a one-week high on Wednesday, driven by stronger capesize and panamax …

Dynacom Tankers is linked to an order for four VLCC newbuildings (306,000 dwt) at Hengli Heavy Industries. According to reports, the vessels are part of a series previously ordered by …

Top Ships has earned its first revenues from entering the mega-yacht market. The company, listed on the New York Stock Exchange, announced net profits of $7.6 million for the first …

According to BIMCO Chief Shipping Analyst, Niels Rasmussen, when fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect …

Hudson Structured Capital Management Ltd., an investment manager focused on alternative assets across the Transportation and Re/Insurance sectors, announced the final closing of Hudson Northern Shipping Fund V LP with …

Colombian state-run oil company Ecopetrol, opens new tab is set to launch the bidding process later this month for a regasification project at its Covenas maritime terminal in the north …

Trafigura Group Pte Ltd, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility and Term Loan Facilities at approximately USD3.4 billion-equivalent. …

Mitsui O.S.K. Lines, Ltd., one of the world’s leading shipping companies, has become the first ocean-going shipping company to participate in the pioneering ammonia bunkering hub initiative in the Pilbara …

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged up on Tuesday, supported by higher capesize and panamax vessel rates. The …

Beijing’s move to halt BHP-linked Australian iron ore cargoes, combined with tariff friction that clouds U.S. agricultural sales into China, especially soybeans, has accelerated a realignment that was already underway.

According to reports, Navios Maritime Partners has sold one of its oldest ships to make space for incoming newbuilding tonnage. More specifically, TradeWinds reports the shipping company is said to …

According to broker reports, DM Shipping has ordered three chemical tankers (33,000 dwt) at Jiangxi New Jiangzhou Shipbuilding Heavy Industry, worth over USD 168 million. Deliveries are scheduled for 2028 …

According to the latest Market Report compiled by Intermodal, the newbuilding market displayed solid activity this week, with 10 orders across dry bulk, tankers, containerships, and MPP sectors. Beyond the …

Molgas Energy Group, backed by infrastructure investor, InfraVia, has finalised the full acquisition of Titan Energy Holding, parent company of Titan Clean Fuels. The transaction, which follows Molgas’ initial 45% …

The Piraeus Port Authority S.A. (PPA) announced the implementation of a new Scholarship Program for the academic year 2025-2026. This is an initiative that is part of the company’s corporate …

Shipping company Höegh Autoliners transported 1.3 million cubic meters of cargo in September, totaling 4 million cubic meters during the third quarter. The average freight rate stood at $90.3 per …

Cyprus’ shipping sector remains a cornerstone of the national economy, according to the president of the Cyprus Shipping Chamber (CSC) Andreas Neophytou. Neophytou’s comments were delivered during a reception hosted …

The Greek shipowner Capital Offshore will acquire 50% of the shares in UOS from Hayfin, creating upon completion of the transaction, the new “UOS Capital.” Specifically, German-based offshore support vessel …

Danaos Corporation announced that it plans to commence an offering of up to $500 million of Senior Notes due 2032, subject to market conditions and other factors. The notes are …

Subic Bay International Terminals Corp. (SBICT) and ICTSI Subic Inc. (ISI), both subsidiaries of International Container Terminal Services, Inc. (ICTSI), have secured a 25-year extension of their concession agreements with …

Noble announced that the drillships Noble BlackLion and Noble BlackHornet have each been awarded two-year contract extensions with bp in the U.S. Gulf. The total firm contract value over the …

In a period of geopolitical turmoil and European changes, the new president of the Hellenic Ports Association (ELIME), Apostolos Kamarinakis, is drawing up a strategy with four axes: green transition, …