Great Lakes Iron Ore Trade Down in June
Shipments of iron ore on the Great Lakes totaled 4.9 million tons in June, a decrease of 9.6% from 2024. Shipments were 1.2% below the month’s five-year average.Year-to-date the iron ore trade stands at 16.6 million tons, a decrease of 16.1% compared to the previous year’s total. Iron shipments are below their five-year average by 8.9% for the first half of the year.Since 1880, Lake Carriers’ has represented the U.S.-flag Great Lakes fleet…
First Order for Everllence 175D Dual-Fuel Methanol Engine
Everllence has announced the first order for its 175DF-M (dual-fuel methanol) engine for a superyacht currently under construction by an undisclosed European shipyard.Everllence’s scope of supply covers 2 × 12V175DF-M and 1 × 16V175DF-M variable-speed yacht gensets, including methanol fuel-supply systems. Delivery is scheduled for July 2027.The company reports that many customers from the ferry, cruise…
Rainbow Warrior Remembered 40 Years After Bombing
A dawn ceremony has been held in Auckland, New Zealand, to commemorate the 40th Anniversary of the bombing of the original Rainbow Warrior.On July 10, 1985, French Government agents used two bombs to sink the Rainbow Warrior at Marsden Wharf in Auckland Harbour. It came at the height of the Greenpeace campaign to stop French nuclear testing in the Pacific.The ship was destroyed and one crewmember killed.Greenpeace tells the story:10 July 1985.
New Video Educates Passengers on Evacuation in the Arctic
A new informational video launched by Arctic Council’s Emergency Prevention, Preparedness and Response Working Group (EPPR) in collaboration with the Association of Arctic Expedition Cruise Operators (AECO) aims to improve passenger safety during maritime emergencies in the Arctic.The video covers essential topics such as actions to take upon hearing the alarm, what to expect in lifeboats or life rafts…
Four Seasons Yachts Appoints New Chief Executive Officer
Four Seasons and Marc-Henry Cruise Holdings Ltd., Joint Owner and Operator of Four Seasons Yachts, announce the appointment of Ben Trodd as Chief Executive Officer of Marc-Henry Cruise Holdings Ltd., effective July 1, 2025. A trusted leader with global experience in luxury hospitality, Trodd brings a combination of strategic acumen, operational expertise, and a deep understanding of the Four Seasons brand.
Bulgaria Investigates 2023 Gas Deal With Turkish Gas Company
The Sofia city prosecutor's office said on Wednesday it had conducted an investigation into a 2023 gas deal between Turkish state gas company Botas and Bulgaria's Bulgargaz and searched the home of a former energy minister.Bulgargaz and Botas signed a 13-year deal in 2023, allowing Bulgargaz to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.However…
American Cruise Lines Christens American Patriot Vessel in Newport
American Cruise Lines christened American Patriot in Newport, Rhode Island last week—celebrating the holiday and simultaneously marking the countdown to the country’s 250th birthday on July 4, 2026. American Patriot is the first ship in the company’s new Patriot Class—a fleet of new 130-passenger ships designed for exclusively cruising the U.S.A. Patriot Class sister ships, American Pioneer, American Maverick…
Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO
In recent days, two ships have now been attacked in the Red Sea. One has sunk and the other has suffered extensive damage. These vessels have been attacked with callous disregard for the lives of innocent civilian seafarers and as an inevitable but terrible consequence, seafarers have been killed.We join with the IMO Secretary General in his denunciation of the attacks and we call on all stakeholders…
Four Dead, 15 Missing After Houthi Attack on the Eternity C
Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm.Four of the 25 people aboard the Eternity C cargo ship were killed before the rest of the crew abandoned the vessel, which sank on Wednesday morning after being attacked on Monday and Tuesday…
Greek Shipping Companies Increase Security Inspections After Recent Blasts
Greek shipping companies calling at Russian ports are boosting their vessels' defences after a series of mysterious blasts in recent months have damaged tankers linked to Moscow's oil trade according to six Greek shipping and security sources.The measures include underwater inspections by divers to check for foreign objects, two of the Greek sources familiar with the strategy said.Western countries…
Kongsberg Ramps Up Maritime Defense Production to Meet Growing Demand
Norwegian engineering group Kongsberg is building up production capacity to meet growing orders for its defence products, especially missiles, as European nations bulk up their military spending.Kongsberg, which has customers in defence, aerospace, maritime, energy and fishing industries, booked orders worth 18.18 billion Norwegian crowns ($1.80 billion) in the second quarter, 5% more than last year…
Xeneta Ocean Container Shipping Market Update
Market average spot rates – July 8, 2025:Far East to US West Coast: USD 2673 per FEU (40ft container)Far East to US East Coast: USD 5151 per FEUFar East to North Europe: USD 3393 per FEUFar East to Mediterranean: USD 4197 per FEUNorth Europe to US East Coast: USD 1992 per FEUMarket average on the Transpacific trade from Far East to US West Coast accelerated its decline in the early days of July, down 18% from end-June and falling below the level seen in second half of May.
Turbulent First Half of 2025 Echoes Across Global Shipping, Veson Nautical Reports
New U.S. tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a provider of maritime freight management solutions and data intelligence.The report states that U.S. trade policy changes hit vehicle carrier markets particularly hard…
Marlink’s Telemar, TNL Merge to Boost Maritime Digital Transformation
Marlink, a specialist in managed services for business-critical IT solutions, has signed a definitive agreement to merge its fully-owned subsidiary Telemar Group with TNL Group, the Athens-based maritime specialist in high-quality technical, navigation, and safety services to the Greek shipping industry.As a key component of Marlink Group’s Possibility Platform, the merged entity will be a top three player in the maritime and superyacht OT/IoT service market…
Coal Shipments Plummet 6%, China's the Driver
“During the first half of 2025, global coal shipments fell 6% y/y amid weak import demand in large markets. Cargo loadings headed to China and advanced economies slowed considerably, partly due to stronger electricity generation from renewables and to weaker steel production,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.In recent years, China has joined several of the world’s advanced economies in rapidly phasing out fossil fuels from its electricity generation…
E-CTV Aces Tryouts at Scottish Offshore Wind Farm
Artemis Technologies has demonstrated its latest electric crew transfer vessel (E-CTV) at Vattenfall's Aberdeen offshore wind farm, in partnership with Vattenfall, Tidal Transit, Lloyd's Register and the Offshore Renewable Energy (ORE) Catapult.The technical demonstration of a dual propulsion, 100% electric Artemis EF-12 CTV at an operational offshore wind farm marks a major milestone, showcasing the culmination of research…
Woodside Finds South Korean Partners to Advance LNG Value Chain
Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics.The MoU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.The combination of Woodside’s success in LNG development…
