Shipping news
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NewsWSC endorses IMO decarbonisation plans
The World Shipping Council (WSC) has welcomed a global agreement at the International Maritime Organization (IMO), which is centred around decarbonising the shipping industry.
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NewsRo-ro rates under pressure while tariffs hit China-US sailings
Conditions in the ro-ro shipping sector continue to soften, according to sector analyst and data provider Esgian. In March, daily time charter rates fell month on month by 12 percent, ending Q1 2025 at USD60,000 per day on average. Further declines are expected in the months ahead.
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NewsSouth Enabler completes sea trials
Wallenius Sol’s South Enabler has successfully completed its sea trials in the Adriatic Sea as the company prepares for the vessel to join its fleet.
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NewsTrio of NYK firms to merge
Three shipping and ship-management firms within the NYK Group will merge as part of a strategic business integration.
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NewsTrump looks overseas to boost US maritime industry
On April 9, US president Donald Trump signed an executive order that aims to revitalise US shipbuilding and strengthen the US-flag fleet.
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NewsHutchison port sale hits Panama snag
In early March, Hong Kong-based CK Hutchison agreed to divest the majority of its global port assets to the Blackrock-TiL consortium in a USD22.8 billion deal. The transaction included control of several terminal operations and a significant stake in Panama Ports Company. However, reports have since emerged that Hutchison will no longer sell its Panama Canal-adjacent assets. The deal has also drawn scrutiny from Chinese regulators, who are expected to launch an antitrust review.
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NewsCourse set for industry-wide GHG pricing and fuel standards
Marine Environment Protection Committee 83 (MEPC 83) concluded with draft regulations that will set mandatory marine fuel standard and GHG emissions pricing for shipping, a first for the sector.
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NewsPeters & May partners with Burgess
UK-based specialist marine transport and logistics company Peters & May has signed a partnership with Burgess, a global yacht brokerage and management company.
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NewsIMO updates guidelines to protect seafarers
The International Maritime Organization (IMO) has adopted updated guidelines to protect seafarers from unfair treatment when detained in foreign jurisdictions linked to alleged crimes committed at sea.
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NewsMacGregor delivers SWL electric crane
MacGregor, a maritime cargo and load handling solutions provider, has delivered its modernised version of the SWL electric heavy lift crane. It wil be installed aboard dship Carriers’ multipurpose vessel Amy.
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NewsVaramar launches Middle East, India and Australia service
Breakbulk, dry bulk, oversized and containerised cargo carrier Varamar has established a new regular service connecting the Middle East, India, Indonesia, and Australia.
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NewsToepfer Transport’s monthly multipurpose shipping rate update
Toepfer Transport’s monthly multipurpose rate index held steady. The analyst’s average daily time charter rate for a 12,500 dwt/F-type heavy lift vessel stood at USD12,821 at the start of April 2025.
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NewsRightShip and Mapsea form strategic partnership
South Korea-based marine technology firm Mapsea will integrate RightShip’s features relating to safety and greenhouse gas (GHG) emissions into its systems.
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NewsMeriaura sees revenue growth but profit hit by restructuring
Finland’s Meriaura Group published its financial results for 2024, with revenue up but EBITDA and net profit down on 2023’s figures. The Finnish shipping firm puts this largely down to the restructuring of its business.
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NewsCOSCO Shipping Specialized places semi-sub order
COSCO Shipping Specialized Carriers has signed a contract to build a next-generation 70,000 dwt DP2 semi-submersible vessel.
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NewsRotra Horizon launched
The Netherlands-based Amasus Shipping took delivery of the multipurpose vessel Rotra Futura from the Jiangsu Zhenjiang Shipyard in China earlier this week. Then, on April 3, Amasus confirmed that its sistership, Rotra Horizon, had been launched.
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NewsUK government maps out route to carbon-free shipping
The UK government has set out its measures to reach carbon-free shipping by 2050.
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NewsClassNK makes key appointments and approves WAPS
Japan-based ClassNK has appointed a new president and ceo, as well as an executive vice president. The classification society has also issued an approval in principle (AiP) for a rigid windsail type wind-assisted propulsion system (WAPS) developed by OceanWings.
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News2KSC optimistic but cautious for shipping sector
2K Shipping Company (2KSC), based in Türkiye, remains optimistic despite concerns for the wider shipping sector, spearheaded by tariffs and disruptions in the Middle East.
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NewsGRSE lands vessel order from Carsten Rehder
India’s Garden Reach Shipbuilders and Engineers (GRSE) signed a contract earlier this week with German shipping line Carsten Rehder for the construction of two 7,500 dwt multipurpose vessels.