US Port Fees Could Cost COSCO, OOCL Over $2.1bn in 2026
Fresh projections from HSBC suggest that COSCO and its Hong Kong-listed unit OOCL could together face more than $2.1bn in port charges in 2026.
Shipping
Cargo Vessel Fire Contained at Haifa Port
On September 4th a fire erupted on the Panama-registered cargo ship Meike while it was docked at the port of Haifa, Israel. No injuries occurred.
Manila Declaration Adopted to Protect Seafarers’ Rights
A declaration calling for stronger safeguards for seafarers has been adopted at a Philippine government-led conference held in Manila this week.
Le Havre Hosts First Ship-to-Ship LNG Bunkering
The Port of Le Havre marked its first ship-to-ship bunkering operation on August 28, following the terminal’s LNG-ready certification in June.
India, Singapore Sign Green Shipping Corridor Deal
ndia and Singapore have signed a Memorandum of Understanding (MoU) to create a Green and Digital Shipping Corridor (GDSC) linking the two nations
VLCC Sales Surge as Asian Buyers Target Older Tonnage
The wet secondhand market has seen a sudden surge of activity this week, marked by several VLCC transactions based out of some Asian countries.
US Sanctions Tanker Network Moving Iranian Oil
The US Treasury Department has announced new sanctions on a shipping network accused of disguising Iranian oil shipments as Iraqi crude.
Tanker Unity Detained in Murmansk Over Crew Wage Dispute
Oil tanker Unity has been detained at the port of Murmansk after port authorities flagged a series of serious issues, including unpaid wages.
Cargo Ship Hagrid Runs Aground at Mantoudi Port
On September 1, the Barbados-flagged general cargo vessel Hagrid, carrying 13 crew members, ran aground at the port of Mantoudi, Greece.
ITF Urges Action Over Abandoned Tanker Global Peace
ITF has sounded the alarm over the plight of seafarers aboard the Global Peace, a tanker abandoned by its owners and stranded off the UAE coast.
J-ENG Unveils World’s First Ammonia-Fuelled Engine
J-ENG announces breakthrough in maritime’s decarbonization efforts with completion of world’s first full-scale commercial engine powered by ammonia
Tanker and Bulk Carrier Collide off Singapore Coast
The Singapore-flagged bunker tanker Marine Dynamo and the Malta-registered supramax Flag Gangos were involved in a collision on Monday.
Turkey Bars Israeli-Linked Ships; ZIM Confirms Diversions
ZIM says Turkish authorities have barred vessels with Israeli ties from entering Turkey’s ports, marking a fresh escalation in Ankara’s sanctions
US Fees on China-Linked Ships Spur Global Fleet Shifts
Global carriers are repositioning vessels ahead of new U.S. port charges slated for October that target China-linked tonnage, prompting big changes
South Africa Tightens Offshore STS Rules, Hikes Penalties
South Africa rolls out regulatory regime for offshore ship-to-ship transfers, increasing penalties and imposing strict environmental safeguards.
HD Hyundai to Anchor U.S. Shipbuilding Revamp Fund
HD Hyundai joins forces with Korea Development Bank and U.S.-based Cerberus Capital on a joint initiative to rebuild the US's shipbuilding sector
CMA CGM Invests in Vanguard to Secure US Bio-LNG
CMA CGM is taking a minority stake in U.S.-based Vanguard Renewables via its PULSE energy fund locking in long-term supplies of renewable natural gas
UK Ports to Trial Carbon Capture Tech on Ships
Large black exhaust pipes designed to trap harmful emissions will soon be seen on ships in Europe, thanks to United Kingdom government funding.
Fire Contained on Ciudad de Sóller in Valencia Port
On August 18 a fire broke out aboard the passenger ferry Ciudad de Sóller which was docked at the Transmediterranean Terminal in Valencia, Spain.
Explosion Reported on Bulk Carrier in Baltimore Harbor
August 18, the U.S. Coast Guard report an explosion aboard the Liberia-flagged bulk carrier W-Sapphire while the vessel was in Baltimore Harbor.