Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike
A fire broke out at Russia's Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday.Ukraine has stepped up drone attacks on Russian oil refineries and export routes over recent weeks in an attempt to weaken Russia's war economy.Ust-Luga and Primorsk, on the Gulf of Finland, were forced to suspend exports of oil and crude on Sunday after drone attacks but they had restarted loadings on Monday, Reuters reported.But Alexander Drozdenko…
Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike
A fire broke out at Russia's Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday.Ukraine has stepped up drone attacks on Russian oil refineries and export routes over recent weeks in an attempt to weaken Russia's war economy.Ust-Luga and Primorsk, on the Gulf of Finland, were forced to suspend exports of oil and crude on Sunday after drone attacks but they had restarted loadings on Monday, Reuters reported.But Alexander Drozdenko, the governor of the northern Leningrad region, said on Wednesday that a fire had broken out at the port after a Ukrainian drone attack across the region. No casualties were reported.The extent of the damage to the port was not immediately clear.
CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion
A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.Panama Ports Company, which for nearly three decades operated the Balboa and Cristobal terminals near the Panama Canal, said it had supplemented its claims in proceedings under the International Chamber of Commerce's arbitration rules, a month after what it described as the state's illegal…
Ports of Indiana Handles First Aluminum Shipment
Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge shipment of aluminum.The shipment, totaling approximately 1,650 tons of aluminum, arrived after traveling by ocean vessel from Asia to New Orleans and then by barge to Indiana. The aluminum will be distributed to Midwest manufacturers, where it will be used in a wide range of applications…
Ports of Indiana Handles First Aluminum Shipment
Ports of Indiana has opened a new federally approved bonded storage facility at its Mount Vernon port, marking a major expansion of capabilities and enabling the port to handle its first barge shipment of aluminum.The shipment, totaling approximately 1,650 tons of aluminum, arrived after traveling by ocean vessel from Asia to New Orleans and then by barge to Indiana. The aluminum will be distributed to Midwest manufacturers, where it will be used in a wide range of applications, including automotive, construction, and packaging materials.The new facility – developed in approximately six weeks to meet urgent customer demand – positions Mount Vernon as a competitive Midwest hub for duty-deferred storage of high-value commodities.Bonded storage areas are secure…
By the Numbers: FY2025 Dredging Stats Released
The Dredging Contractors of America (DCA) is pleased to report another strong year for the U.S. dredging industry in Fiscal Year 2025, with $1.8 billion in federal dredging awards executed entirely by the American-owned, American-crewed, American-built Jones Act dredging fleet.According to Michael Gerhardt’s U.S. Dredging Report, FY2025 marked a transition year. While the prior year featured major deepening and widening projects in ports such as Norfolk, Brazos Island, Sabine, and Mobile, FY2025 saw fewer large-scale channel expansions.
Explosion Forces Shutdown of Valero’s Port Arthur Refinery
Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday.The cause of the explosion at the 47,000-bpd 243-diesel hydrotreater unit was not clear. The blast could be heard as far as 11 miles away, the sources said.In an emailed response to Reuters, Valero confirmed a fire in a unit at the company's Port Arthur refinery and…
Explosion Forces Shutdown of Valero’s Port Arthur Refinery
Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday.The cause of the explosion at the 47,000-bpd 243-diesel hydrotreater unit was not clear. The blast could be heard as far as 11 miles away, the sources said.In an emailed response to Reuters, Valero confirmed a fire in a unit at the company's Port Arthur refinery and said that all personnel had been accounted for.Diesel hydrotreaters use hydrogen to remove sulfur from motor fuels during their production to comply with U.S.
African Bunkering Hubs Gain as Ships Reroute Around Cape
Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and boosting the continent's role as a bunkering hub.Carriers have been avoiding the Suez Canal and the Bab el-Mandeb Strait since late 2023, when Houthi attacks on Red Sea shipping began. U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz have reinforced the shift,…
Bunkering Hubs Along African Coast See Surge as Vessels Reroute
Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and boosting the continent's role as a bunkering hub.Carriers have been avoiding the Suez Canal and the Bab el-Mandeb Strait since late 2023, when Houthi attacks on Red Sea shipping began. U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz have reinforced the shift,…
Port of Oakland: Exports Continue to Outperform Imports
The Port of Oakland processed 163,254 TEUs in February 2026, a 16.7% decline from January and a 14.5% decrease year over year, as vessel activity slowed due in part to observation of the Lunar New Year.Vessel calls declined from 86 in January to 72 in February, due partially to planned blank sailings tied to factory closures during Lunar New Year. Blank sailings are pre-scheduled vessel cancellations used by carriers to align capacity with demand.Despite fewer ship arrivals, export volumes remained a bright spot.
Port of Oakland: Exports Continue to Outperform Imports
The Port of Oakland processed 163,254 TEUs in February 2026, a 16.7% decline from January and a 14.5% decrease year over year, as vessel activity slowed due in part to observation of the Lunar New Year.Vessel calls declined from 86 in January to 72 in February, due partially to planned blank sailings tied to factory closures during Lunar New Year. Blank sailings are pre-scheduled vessel cancellations used by carriers to align capacity with demand.Despite fewer ship arrivals, export volumes remained a bright spot. The port handled 86,796 export TEUs, outpacing 76,458 import TEUs and reinforcing Oakland’s role as a key gateway for U.S.
Fred. Olsen 1848 Completes Pilot Installation of Tension Buoy
Fred. Olsen 1848 has completed a pilot installation of four automatic Tension Buoy units at the EDP Floating PV Lab, Europe’s first open-access laboratory dedicated to testing technologies for floating and hydro solar power generation.With water levels that rise and fall by as much as 50 meters, this Portuguese dam lake is a great testing ground for the adaptive mooring system, says the company.Tension Buoy's adaptive mooring technology is designed to ensure stability and performance for FPV systems under large water level variations.
Aker Solutions Wins FEED Contract for Lithuania CO₂ Terminal
Aker Solutions has been awarded a front-end engineering and design (FEED) contract by KN Energies to support the development of the company’s CO₂ transshipment terminal infrastructure project in Klaipėda, Lithuania.The project forms part of the CCS Baltic Consortium, which aims to develop the first cross-border carbon capture, transport, and storage (CCS) network in the Baltic region. The Klaipėda terminal infrastructure development is recognized as a project of common interest…
PERC Leads Fuel Conversation at Port of the Future Conference
The Propane Education & Research Council (PERC) will showcase how propane and renewable propane can support reliable, lower-carbon port operations at the Port of the Future Conference at Hilton University of Houston on March 24-25.As a Gold Sponsor of the event, PERC will spotlight how propane helps ports reduce emissions while maintaining continuous operations. Jim Bunsey, senior manager of business development at PERC, will join industry leaders in two sessions focused on propane’s…
CK Hutchison Banks 7% Profit Rise
CK Hutchison posted a 7% rise in 2025 underlying profit on Thursday, as the market awaits updates on the company's proposed sale of its ports business and other spin-off plans.The Hong Kong ports-to-telecoms conglomerate reported underlying profit of HK$22.3 billion ($2.85 billion) on a post-IFRS 16 basis. That compared with an HK$22.9 billion LSEG SmartEstimate and the HK$20.8 billion booked a year earlier.Including a one-time non-cash accounting loss, net profit fell 31% from a year earlier to HK$11.84 billion.The conglomerate…
Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet
Lloyd’s Register (LR) has signed a new contract with long-standing partner Echo Marine Group to support the delivery of Western Australia’s first fully electric passenger ferries - marking a major milestone for sustainable public transport in Australia.The project, which is a part of the Perth Transport Authority’s (PTA) METRONET Swan River Ferry Service Expansion programme, will see the design and construction of five new battery-electric ferries for operation on Perth’s Swan River.
Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet
Lloyd’s Register (LR) has signed a new contract with long-standing partner Echo Marine Group to support the delivery of Western Australia’s first fully electric passenger ferries - marking a major milestone for sustainable public transport in Australia.The project, which is a part of the Perth Transport Authority’s (PTA) METRONET Swan River Ferry Service Expansion programme, will see the design and construction of five new battery-electric ferries for operation on Perth’s Swan River. LR will provide classification and technical assurance services throughout the design and build, supporting the safe introduction of this new generation of zero-emission vessels.Building on an established working relationship…
Northwest Seaport Alliance Full Exports Up 2.2% YTD
The Northwest Seaport Alliance (NWSA) reports that February 2026 total container volume (international and domestic) reached 207,725 TEUs, down 19.4% compared to February 2025, when shippers were frontloading cargo ahead of expected tariffs.While full imports decreased 29.5%, full exports were up 4.9%. YTD volumes at 435,890 TEUs are down 16.6%, with full imports declining 22.6% and full exports increasing 2.2%.Alongside terminal operator partner SSA Terminals, the NWSA has celebrated…
Northwest Seaport Alliance Full Exports Up 2.2% YTD
The Northwest Seaport Alliance (NWSA) reports that February 2026 total container volume (international and domestic) reached 207,725 TEUs, down 19.4% compared to February 2025, when shippers were frontloading cargo ahead of expected tariffs.While full imports decreased 29.5%, full exports were up 4.9%. YTD volumes at 435,890 TEUs are down 16.6%, with full imports declining 22.6% and full exports increasing 2.2%.Alongside terminal operator partner SSA Terminals, the NWSA has celebrated the completion of two strategic infrastructure projects at Terminal 5:Modernized Gate Complex: A modernized gate complex expanded capacity and has advanced technology designed to increase truck throughput into the terminal.
HarborLab, Danaos Collaborate on Fully Integrated Port Cost Management Solution
HarborLab, a leader in maritime technology, is partnering with Danaos Management Consultants to deliver fully automated port cost management for the first time.The collaboration enables HarborLab’s platform to integrate directly with Danaos’ Port Expenses Module, Voyage Estimation, and Protocol. Unlike traditional XML file-based integrations that require manual intervention and lack true automation, this new integration sets an industry standard by enabling fully automated, real-time data synchronization between the two systems.
From the Lakes, on the Lakes & for the Lakes: Captain Paul C. LaMarre III
For Capt. Paul C. LaMarre III, the maritime industry isn’t a career choice as much as it is a family inheritance — and, in his words, “all I’ve known my entire life.” In a recent interview with Maritime Reporter TV, Captain LaMarre gives unique insights on the operating efficiently, effectively and safely on the Great Lakes system – the United States’ ‘Fourth Sea’ – and with passion, intellect and purpose advocates for a strong U.S. maritime industry.A third-generation Great Lakes mariner…
Energy Flow Stressed with Fujairah Port, Shah Gas Field Attacks
Oil loading at the United Arab Emirates port of Fujairah was at least partly halted after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack.The cascading disruptions threaten to completely sever the OPEC producer's remaining crude export outlet from global markets, potentially deepening a crisis that has sent energy prices surging.The UAE's other export hubs are located within the Gulf…
Bridging the Data Divide: How AI Will Rewire Maritime, Port Ops
With the rapid evolution of Artificial Intelligence, it’s fair to say there is more misunderstood than understood, particularly in conservative markets like maritime and ports. Adalberto ‘Berto’ Ponce, Co-Founder and CEO Of AI Strategic Solutions discusses with Maritime Reporter TV his organization’s experiences in working with ports and port facilities to help make operations more efficient and diversify revenue. With AI Strategic Solutions, it’s not about replace people or jobs…
Bauxite Shipments up 16% but Outlook Uncertain
"During the first 11 weeks of 2026, bauxite shipments have surged 16% y/y, driven by strong Chinese demand for Guinean cargoes. Guinean bauxite has remained highly competitive, accounting for 79% of shipments and pushing non-Guinean bauxite shipments down 3% y/y. Bauxite has been one of the fastest growing dry bulk commodities, growing 10% on average between 2021 and 2025,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.Rising bauxite shipments are driven by China’s need…
IMPA Makes the Case Against Competition in Maritime Pilotage
The International Maritime Pilots’ Association (IMPA) is calling attention to the consequences of deregulation and competition in maritime pilotage:Maritime pilotage is a public, not commercial, service that exists for the safety of navigation — protecting people, the environment and trade, says IMPA. Some jurisdictions are tempted by the idea that deregulation and competition deliver a better service at a lower cost.IMPA believes decision-makers need to understand that deregulation…
Ports of Indiana Opens Ireland Trade Office
Ports of Indiana has opened its first international trade office in Ireland to grow cargo shipments and support the launch of a direct Europe-Indiana container service. Maritime trade veteran, Brian Dooley, will lead the new European Trade Office, based in Cork and Kildare, Ireland.In 2024, Ireland made $32.4 billion of shipments to Indiana, according to the World Institute for Strategic Economic Research, more than triple any other country’s total. However, most of these shipments…
Interferry Says Vessel Differences Need Consideration in Fire Regulations
On March 9, the IMO sub-committee on Ship Systems and Equipment convened for its 12th session (SSE12), and DNV reports that the action plan to evaluate the adequacy of fire protection, detection and extinction arrangements in vehicle, special category and ro-ro spaces was revised in order to reduce the fire risk of ships carrying new-energy vehicles.The group agreed to give priority to the development of the following guidelines before developing any draft amendments to SOLAS…
America’s Ports, Harbors, and Waterways: Dredging, Resolve and the Will to Build
America’s maritime infrastructure is measured in draft depth, vessel clearance, sediment management, and days available to dredge. If the United States is serious about competing in a century defined by supply chains, energy exports, and sealift readiness, then ports, harbors, and waterways must move from being in the background to becoming part of the national strategy.The Dredging industry and it importance to the U.S. Port infrastructure will be discussed in depth at the Port of the Future Conference and Exhibition, scheduled for March 23-25 in Houston.
Janus Launches First USV Comparison Database
US marine autonomy specialist Janus Marine & Defense has launched an Uncrewed Surface Vessel (USV) comparison website. Janus Navigator, a structured, filterable database of almost 200 global USV platforms with a sales capability, has been created to allow clients to make informed choices and identify which platform class best aligns with their mission profile before important procurement decisions are made.The site allows its users to compare and filter USVs across manufacturers, based on mission requirements and technical criteria, rather than relying on individual OEM marketing materials.
GSI is Preferred Builder for Ferry Newbuilds
Caledonian Maritime Assets Limited (CMAL) has named Guangzhou Shipyard International Co., Ltd (GSI) as the preferred bidder to build two new freight flex ferries for Scotland’s Northern Isles service, marking a key step forward in the procurement process.The contract, which remains subject to a mandatory 10-day standstill period, covers the construction of two 140-meter vessels that will replace the Helliar and Hildasay on the Aberdeen to Kirkwall/Lerwick route operated by Serco NorthLink Ferries.Designed to boost both capacity and performance…
Japanese Consortium Plans Ammonia Bunkering Operations in Singapore
Sumitomo Corporation, Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and NYK Bulkship (Asia) have entered into a memorandum of understanding (MoU) to jointly conduct a Front-End Engineering Design (FEED) study and explore the ownership of a newbuild ammonia bunkering vessel for application in Singapore.The MoU is in support of the ammonia value chain development initiative that is jointly led by the Maritime and Port Authority of Singapore (MPA) and the country’s Energy Market Authority (EMA).
CK Hutchison Says Panama Missed Arbitration Response Deadline
Panama Ports Company (PPC), a unit of Hong Kong conglomerate CK Hutchison 0001.HK, said on Monday that the Panamanian government failed to file its response by the March 13 deadline in an international arbitration brought by the company.PPC said the deadline was set by the International Court of Arbitration of the International Chamber of Commerce (ICC) and that Panama sought a partial extension, saying it was not ready to respond because it had not hired lawyers and needed time…
Port Houston Sees February Volume Increased by 4%
Cargo volumes continued strong at Port Houston in February, up 4% with 4,380,996 short tons handled across the Port’s eight public terminals. That brings the year-to-date total to 8,927,585 short tons, a 5% increase year-to-date.Container activity remained flat this month, with Port Houston handling 326,799 TEUs in February, bringing year-to-date container volumes to 696,833 TEUs, a 2% increase compared with the same period last year. In the first two months of the year, loaded exports increased 5%…
ADNOC Suspends Crude Loading at Fujairah Port After Drone Attack
Abu Dhabi state oil giant ADNOC has suspended crude loading operations at the United Arab Emirates port of Fujairah, a source familiar with the situation told Reuters on Monday, after a drone attack triggered fires at the key export terminal.Some loading at the hub restarted, two other sources said. Two of the three single point moorings, where tankers connect to load, were operational, one source said.ADNOC's crude terminals were targeted in the attack, one of the sources said.FUJAIRAH A CRITICAL EXIT POINT FOR UAE CRUDEFujairah…
Built on the Rivers: Aimee Andres and the Expanding Role of America’s Inland Ports
For Aimee Andres, the nation’s inland rivers are not an abstract transportation network or a policy talking point. They are personal. Growing up, she spent her formative years around ports, terminals and railroads, watching firsthand how freight moved and how quietly essential inland infrastructure is to the country’s economic engine. That upbringing ultimately led her to a role she has now held for more than a decade: Executive Director of Inland Rivers, Ports & Terminals (IRPT).
Bio-Methanol Gaining Traction as Alternative Fuel
This week, CMA CGM and SIPG Energy successfully completed the bunkering of 3,643 tons of bio-methanol for the CMA CGM Osmium at Yangshan Port in Shanghai. This operation marks CMA CGM’s first bio-methanol bunkering worldwide and sets a new national record for the largest single bio-methanol bunkering operation carried out at a Chinese port.As part of its commitment to achieving Net Zero Carbon by 2050, the CMA CGM Group is preparing to operate around 200 dual‑fuel container vessels by 2031…
Los Angeles Largely Insulated from Iran war Disruptions
The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday.The Iran war has snarled container shipping in the Middle East, sending up costs, stranding ships and cargoes, threatening fuel shortages and endangering vessels and the lives of seafarers."We, right now, don't see any of that congestion happening" on the lucrative transpacific ocean trade that is the lifeblood of the Port of Los Angeles…
MSC Group Inks Agreement for Snake Island Port
Mediterranean Shipping Company (MSC) signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive container terminal spanning 30 hectares within Snake Island Port (SIP), Lagos.The new container terminal will be completed by 2028 with a 910-m quay, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and up to 18 meters of draft.“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port," said Nigerdock CEO, Maher Jarmakani.
New ISO Vessel Hull Cleaning Standard Published
Yesterday, a new ISO standard was published to help port authorities, shipowners and operators navigate rules on how ships should be cleaned in an environmentally sound way. Hull cleaning is gaining traction among shipowners, while countries are increasingly introducing regulations—but many ports still lack practical guidance on how to manage it. “Biofouling on ships’ hulls can spread invasive aquatic species and damage ecosystems. It also increases drag, reducing a vessel’s efficiency and leading to higher fuel consumption and increased greenhouse gas emissions…
Oman Battles Fire at Salalah Port After Drone Strike
Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire "might take time", without providing further details.Earlier on Wednesday, Oman's state TV said that drones struck fuel tanks in the port. Oman's state news agency said, citing an energy ministry official…
ATSB Releases Preliminary Report on Coral Adventurer Grounding
An Australian Transport Safety Bureau (ATSB) preliminary report has been released that outlines the order of events leading up to the grounding of the cruise ship Coral Adventurer near a remote port on the north-east coast of Papua New Guinea in December.The ATSB launched a transport safety investigation after the 93-metre Australian-flagged ship grounded on the morning of 27 December 2025, with 80 passengers and 44 crew on board.The cruise, which had left Cairns 10 days earlier, had visited several sites in Papua New Guinea, with passages between them generally conducted overnight.
Container vessel Orderbook Hits Record High
"Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.In 2025, global average container freight rates fell an estimated 13% year-on-year while US import tariff increases raised concerns about increasing trade protectionism. Despite this, global container volumes grew 4.7% year-on-year…
Report: COSCO Shipping Suspends Operations at Panama's Balboa Port
China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa is one of the two ports at the center of a year-long saga involving Washington, Beijing and the Panamanian government. The move follows a ruling by Panama's Supreme Court in late January that annulled the contract to operate the port held by a unit of Hong Kong's CK Hutchison.APM Terminals…
Barge Catches Fire in Delaware Bay
The Coast Guard and partner agencies are responding to a barge fire in the Delaware Bay.At 8:20 a.m., Coast Guard Sector Delaware Bay watchstanders received a call from the tug Douglas J reporting the barge they were towing was on fire.
Wasaline Reports Record Passenger Increase in February
Wasaline reports its best February since operations began in 2013. A total of 18,191 passengers travelled with the company during the month, representing an 11 percent increase compared with the same period last year.One contributing factor to the increase is the concept of ice cruises, which have proven very popular. Several groups from Europe have chosen to travel with Wasaline to experience the winter landscape of the Kvarken region.“Our long-term marketing efforts in Europe are now beginning to deliver results.
Cruise Shipping: Seatrade Cruise Global Debuts Wellness Oasis
~New immersive hub will infuse wellness programming throughout the conference and create a platform for new voices, innovations and experiences across the cruise ecosystem~Seatrade Cruise Global, the largest and longest-running event of its kind serving the international cruise industry, has announced the debut of the first-ever Wellness Oasis — a new, dedicated hub designed to explore the future of wellness at sea through immersive programming, innovation and connection.Launching at Seatrade Cruise Global 2026…
Drone Strike Sparks Fire at ADNOC’s Ruwais Industrial Complex
Abu Dhabi state oil giant ADNOC has shut its Ruwais refinery, a source said on Tuesday, after a fire broke out at a facility within the complex following a drone strike, the latest disruption to energy infrastructure due to the U.S.-Israeli war on Iran.Abu Dhabi authorities were responding to a fire at the facility following a drone attack, the emirate's government media office said on Tuesday, adding there were no injuries.
'Quality' Coal Rallies as LNG Spikes
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than doubled last week as the market digested the loss of nearly 20% of the global supply of the super-chilled fuel after the U.S. and Israeli strikes on Iran effectively closed the Strait of Hormuz, shutting off Qatar's LNG.LNG for delivery to…
1M Barrels of Venezuelan Crude Headed to China
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo may be the first delivery of Venezuelan oil to the Asian country since the US took control of the nation's oil sales earlier this year, the report said.U.S. President Donald Trump has been taking steps to ease sanctions against Venezuela following the arrest of President Nicolas Maduro and urging U.S.
Towage Giant Delivers Record Results, Eyes Global Expansion
SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past several years reshaping its business model and sharpening its strategic focus, the results signal both operational momentum and growing scale in the global tug market.The Chile-based maritime services provider reported net income of $80.4 million for 2025, while EBITDA reached $216.9 million, representing a 15% increase compared to the previous year.
ZIM Navigates Cooling Container Markets, Hapag-Lloyd Deal Looms
The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge.For the full year 2025, the Israeli liner carrier reported revenue of $6.9 billion, down from $8.4 billion in 2024 as freight rates softened across major trade lanes. Net income reached $481 million, a sharp decline from $2.15 billion the previous year…
Shipowners to Lead Maritime Transformation Talks at APM 2026
The transition towards digitalisation and automation is speeding up in the maritime industry, and a comprehensive strategy is emerging to turbo-charge efficiency, safety and sustainability. Yet key questions remain about the adoption of technologies and solutions to enhance operational performance, future-proof fleets while remaining commercially competitive, and ultimately realise the zero-emission goal. At Asia Pacific Maritime (APM) 2026, held from 25–27 March 2026 at Marina Bay Sands…
Semco Maritime, Zamakona Form Las Palmas Shipyard Alliance
Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s engineering and project execution expertise with Zamakona’s shipyard infrastructure and marine services capabilities. Operations at the Las Palmas facility have already begun.The shipyard is designed to support rig owners, offshore operators and special vessel clients by providing integrated services covering upgrades…
Aramco Launches Rare Oil Tenders as Iran War Disrupts Exports
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday, Aramco offered 2 million barrels of Arab Heavy crude to load at the Ain Sokhna port of Egypt.The loading date, subject to confirmation, is from March 10 to March 30, according to a tender document shared by the traders. The sale, on a free-on-board basis…
Clean-Up of Louisiana Oil Spill Underway
A Unified Command, consisting of the U.S. Coast Guard, the Louisiana Oil Spill Coordinator’s Office (LOSCO) and the Louisiana Offshore Oil Port (LOOP), continues its recovery and cleanup efforts after a crude oil discharge reported near the Louisiana Offshore Oil Port on February 26, 2026.The Unified Command was officially established on February 27, 2026, to manage the spill's environmental impact. Multiple contractors have been engaged to assist in the cleanup effort.As of March 7…
Congressman Mike Ezell Receives AAPA’s 2026 Port Person of the Year Award
At this year’s annual Legislative Summit, the American Association of Port Authorities (AAPA) proudly named U.S. Representative Mike Ezell (MS-04) as the 2026 Port Person of the Year for his commitment to the seaport and maritime industry. AAPA celebrates his leadership as a champion of many port industry priorities, including his advocacy for the Water Resources Development Act of 2026 and his efforts to incentivize the reshoring of port crane manufacturing to the U.S."It is…
CK Hutchison Challenges Panama’s Port Seizure in Court
Hong Kong conglomerate CK Hutchison said on Friday it has escalated its legal fight in Panama after the government seized its port operations, petitioning for a review of the decree behind the takeover.The company said Panama unlawfully occupied facilities, seized property and ignored consultations, prompting further national and international legal action.CK Hutchison's Panama Ports Company (PPC), which manages two terminals near the globally strategic Panama Canal, filed an…
New "all about ports" Conference Highlights Port Infrastructure Development, Growth
Hamburg Messe und Congress is establishing "all about ports" (September 2-3, 2026, Hamburg), an international conference with an accompanying exhibition. The event takes a comprehensive look at modern port infrastructure, technologies and processes. Together with other international industry events, Hamburg will become a meeting point for the port industry, the maritime industry and digital logistics at the beginning of September. The event positions itself as a platform for practical solutions…
Pilbara Ports Signs Ammonia Bunkering MoU
Australia’s Pilbara Ports has taken a step further towards development of a low-carbon ammonia bunkering hub in the Pilbara by signing a Memorandum of Understanding (MoU) with Yara Pilbara.The Yara Pilbara plant is one of the largest ammonia production facilities in the world, utilising world-class export infrastructure in the Port of Dampier.The MoU advances the Pilbara Clean Fuel Bunkering Initiative as the two organisations have agreed to work collaboratively on government and stakeholder advocacy…
Port of the Future 2026: A Look Back, a Path Forward
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston, March 23-25.Q: What inspired the creation of the Port of the Future Conference?The idea started in 2019 with Dr. Tony Ambler at the University of Houston. The vision was to create an annual event focused on the future of ports—one that would connect the maritime industry with universities…
Fujairah Bunkering Hit by Fire, Demand Shifts to Other Hubs
Ship refuelling at Fujairah, a major bunkering hub in the United Arab Emirates, has slowed after a fire, market sources told Reuters, while demand at other refuelling hubs, including Singapore, is set to rise.Some bunker deliveries and loadings were on hold for now as suppliers, traders and shippers await more clarity on the situation, while others said that bunkering is still possible.The fire was caused by debris after the interception of a drone by air defenses, according to the Fujairah media office…
Ferry Pollution Worse Than Cars in Many European Port Cities
Ferries in port cities like Barcelona, Dublin and Naples are responsible for more toxic air pollution (SOx) than all the cars in those cities, a new study by T&E shows.Promisingly, 60% of Europe’s ferries could be electric by 2035, and over half (52%) would be cheaper to operate than fossil-fueled vessels, the report shows.With the average age of ferries in Europe at 26 years, now is the time for a clean renewal, says T&E.Ferries play a vital role in connecting Europe’s islands with the mainland…
Fujairah Bunker Prices Surge as Demand Shifts Elsewhere
Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including Singapore.Transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near-halt after some vessels in the area were hit.Bunkering continues at the port…
Drone Attack Damages Fuel Tank at Oman’s Duqm Port
A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which has responded by targeting neighbouring countries.The attack comes a day after Qatar halted its production of liquefied natural gas - about a fifth of global supply - while Saudi Arabia suspended production at its largest domestic refinery.Major Israeli gas fields…
America’s Maritime Action Plan Creates Opportunity for St. Louis Region
The advancement of the recently announced America’s Maritime Action Plan (MAP) is embraced by the ports in the bi-state St. Louis region as a unique opportunity to play a role in this comprehensive federal framework. The MAP is a blueprint for rebuilding the nation’s maritime strength, increasing the use of technology, enhancing supply chain resilience and expanding domestic industrial capacity. It is estimated that only one percent of all new vessels are currently built in the United States.
U.S. Flag Tanker Damaged, 150 Vessels Stranded with Strait of Hormuz Close
Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, two seafarers killed and 150 ships stranded around the Strait of Hormuz.Shipping through the strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of gas, has ground to a near halt after vessels in the area were hit as Iran retaliated to U.S. and Israeli strikes.The disruption and fears of prolonged closure have caused oil and European natural gas prices to jump…
Norwegian Cruise Line Projects Weak Profits
Norwegian Cruise Line Holdings forecast annual profit below Wall Street expectations, as demand for its higher‑priced voyages softened amid economic uncertainty and rising geopolitical tensions.Shares of Norwegian fell about 7% in premarket trading, mirroring a broader market selloff sparked by escalating conflict between the U.S. and Israel, and Iran.
AMSA Detains Vessel After 24‑Day Emergency Response
The Australian Maritime Safety Authority (AMSA) has concluded a 24‑day response operation to support a vessel in distress in the Coral Sea, Queensland, preventing risk to the Great Barrier Reef, the marine environment and seafarers.On February 1, AMSA received reports that Liberian‑flagged Swift Hangzhou was experiencing engine failure. AMSA immediately initiated response arrangements to coordinate a safe and effective outcome lasting over three weeks due to the complexity of the incident.
Watch: Salvors Refloat Grounded Barge in San Juan Harbor
The barge Defiant was refloated from the Castillo San Felipe del Morro shoreline in San Juan Harbor, Wednesday at approximately 2:22 a.m., just before high tide.Salvage crews and tugboat operators prepositioned three tugboats and completed all the preparations, including the pressurization of all cargo tanks, voids and compartments in the barge. The tugboat, Lobo Grande, successfully pulled the barge off the rocks with the assistance of the incoming tide.An earlier attempt on…