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28 February 2025
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Feb 28, 2025Hellenic Shipping News
in Port News
28/02/2025
China’s commerce ministry on Thursday said that charging fees on Chinese ships entering U.S. ports would disrupt global supply chains and backfire on the U.S. economy and employment.
He Yadong, a spokesperson for the ministry, made the remarks at a press conference when commenting on the Office of the United States Trade Representative’s (USTR’s) proposal to levy such fees.
If the United States insists on imposing port fees, He said, it will drive up global shipping costs and disrupt the stability of global supply chains.
Such measures would also increase domestic inflationary pressures in the United States, weaken the global competitiveness of U.S. goods, and harm U.S. consumers and businesses, the spokesperson warned.
The USTR office on Feb. 21 announced that it is seeking public comment on proposed actions in the Section 301 investigation into China’s maritime, logistics and shipbuilding sectors, including the imposition of port fees.
The U.S. Section 301 investigation is a typical act of unilateralism and protectionism which seriously violates World Trade Organization rules, He noted.
China urges the United States to respect the facts and multilateral rules, and refrain from going farther down the wrong path, the spokesperson said, noting that China will monitor U.S. actions closely and take necessary measures to safeguard its legitimate rights and interests.
Source: Xinhua
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Ades To Acquire Shelf Drilling In $380M DealSaudi oil and gas driller ADES has made a NOK 3.9bn ($380m) offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling.
The two parties signed an agreement for a recommended offer, under which ADES will acquire the Shelf through a cash merger. It will be financed through ADES’s available credit facility.
At completion, all of Shelf shares will be cancelled for a consideration in cash of NOK 14.00 per share ($1.36) to its shareholders according to a plan of merger. The share price is a 62% premium to the Shelf Drilling share closing price of NOK 8.64 ($0.84) on August 4. The transaction is expected to close in the fourth quarter of 2025.
Following completion of the transaction, Shelf Drilling will be wholly owned by ADES, and the company will be delisted from the Oslo Stock Exchange. ADES will also settle Shelf Drilling’s existing debt obligations.
The transaction is approved and recommended by the board of directors of Shelf Drilling, who believe that the proposed cash consideration represents fair value for its shareholders.
The merger is also supported with irrevocable commitments to vote in favour of the transaction at an extraordinary general meeting of the company, provided by shareholders Castle Harlan, Perestroika, the company’s CEO and CFO, and board members, together holding a 15% stake in the driller.
The merged company will have a fleet of 83 offshore jackups with a total combined backlog of $9.45bn as of June 30.
“The transaction is supported by Shelf Drilling’s $1.5bn firm backlog and $40-50m of anticipated operational cost synergies, enhancing our global reach, providing access to key regions with solid growth prospects, and offering continuous value to our shareholders,” said Mohamed Farouk, CEO of ADES.
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Korean & Chinese Shipbuilders Battle For Container Ship Order Worth 4 Trillion WonChinese and Korean shipbuilders are competing for a 4 trillion won order comprising 12 container ships for France.
As orders for LNG carriers are declining in 2025, container vessels are filling the backlogs of shipyards, which has increased the competition between China and Korea.
The construction cost of container ships is more than that of LNG Carriers, and the market of the former is estimated to see rising competition.
Per reports, CMA CGM, the 3rd largest shipping company, is pursuing an order for 12 LNG dual-fuel container ships, each with a 21,000 to 24,000 TEU capacity.
The approximate price of each ship is $250 million, and the contract includes building six ships with an option for 6 extra.
The bidding process involves Korea’s HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean, along with Chinese Companies like China State Shipbuilding Corp, Hudong-Zhonghua Shipbuilding, and Jiangnan Shipyard.
China has an advantage in terms of price competitiveness as the Korean side maintains that a 21,000 TEU container ship would cost at least $250 million to build, though the Chinese side argues that $230 million is enough.
Some sources have said that Hudong-Zhonghua Shipbuilding proposed a price of just $207 million, and it represents major price disruption, given the present market price for container vessels, 20,000 TEU or more, is atleast $220 million.
Korean shipbuilders focused on their superior dual-fuel ship construction technology and high-on-time delivery rates compared to China.
They are also at an advantageous position from the U.S efforts to check China’s shipbuilding and shipping industry.
The U.S Trump Administration plans to impose the port entry fees on vessels built in Beijing or operated by Chinese companies beginning in October.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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05 August 20253 min readKorean & Chinese Shipbuilders Battle For Container Ship Order Worth 4 Trillion Won
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Japan Clinches $6.5B Deal To Build Australian WarshipsJapan clinched a landmark A$10 billion ($6.5 billion) deal on Tuesday to build warships for Australia, marking Tokyo's most consequential defence sale since ending a military export ban in 2014 as it steps away from postwar pacifism to counter China.
Under the agreement, Mitsubishi Heavy Industries 7011.T will supply the Royal Australian Navy with three, upgraded Mogami-class multi-role frigates built in Japan from 2029. Eight more frigates will be built in Australia.
Designed to hunt submarines, strike surface ships and provide air defence, the highly automated warships can be operated by just 90 sailors, half the crew of Australia's aging Anzac-class frigates.
Australia plans to deploy the ships to defend critical maritime trade routes and its northern approaches in the Indian and Pacific Oceans, where China's military footprint is expanding.
"It's going to be really important in terms of giving our navy the capability to project, and impactful projection is at the heart of the strategic challenge," Australian Deputy Prime Minister Richard Marles said at a briefing.
The Mogami, emblematic of a global shift toward versatile modular warships, offers more firepower and a 4,000 nautical miles more range than the current fleet.
"It takes our general purpose frigates from being able to fire 32 air defence missiles to 128," including "the most advanced", defence industry minister Pat Conroy said at the briefing with Marles.
The deal also anchors Japan's push to forge security ties beyond its alliance with the U.S. to counter China.
The defence industry partnership "makes it harder for China to play Japan and Australia off against each other and sends a concerted signal to Beijing that both countries are willing to make their quasi-alliance a functioning reality” said Euan Graham, a senior analyst for defence strategy at the Australian Strategic Policy Institute.
The successful frigate bid eases the sting of 2016, when Australia rejected a Japanese submarine program, also led by MHI, in favour of a French design. Canberra scrapped that project in 2023, opting instead to build nuclear-powered submarines with the United States and Britain under the AUKUS pact.
"We took that lesson to heart. The Australian government recognized not only the technical strengths of our ships but also the unified commitment of both government and industry," Japan's Minister of Defence Gen Nakatani said at a briefing in Tokyo.
INITIAL CONTRACT
The initial order for three Japanese-built frigates will be Australia’s largest naval purchase since the AUKUS agreement, while the remaining eight ships are expected to be constructed by Austal in Western Australia.
"We are currently focusing on establishing maintenance operations in Australia for the ships built here and are beginning communication with local companies," Hiroshi Nishio MHI’s chief financial officer, said after the company released its latest quarterly earnings.
However, with Japan's biggest defence contractor untested in managing overseas military projects, MHI will tap other business units to support the work, Nishio added.
Officials from both countriessaid pricing, sustainment, and the transfer of production to Australia remain key issues to settle before a finalized contract can be signed early next year.
MHI's Mogami frigate was selected over German company ThyssenKrupp Marine Systems' MEKO A-200 in a meeting of the Australian government's national security committee.
Shares in MHI jumped 5.7% in Tokyo. Austal closed up 7.94%, buoyed by assurances from Canberra of a pipeline of shipbuilding work, including the Mogami program.
($1 = 1.5456 Australian dollars)
(Reuters)
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05 August 20253 min readJapan Clinches $6.5B Deal To Build Australian Warships
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Solstad Bags $108M Csv DealNorwegian offshore vessel owner Solstad has won a new contract for one of its construction support vessels.
Brazilian state-owned oil and gas giant Petrobras hired the 2006-built CSV Normand Commander.
The vessel will be on a bareboat contract from Solstad Maritime to Solstad Offshore, which is the contract holder with Petrobras.
The contract, set to begin in the first quarter of 2026, has a duration of four years and a gross value of approximately $108m excluding ROV services.
This continues the Brazilian company’s recent hiring flurry. It recently hired two AHTS vessels from DOF. The oil and gas firm hired the 2007-built Skandi Fluminense and the 2009-built Skandi Lifter under four-year contracts valued at more than $220m.
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04 August 20251 min readSolstad Bags $108M Csv Deal
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One Sees $4 Billion Q1 Revenue Amid Trade And Port StrainsThe Japanese shipping line reported revenue of $4.05 billion and a net profit of $86 million.
Jeremy Nixon, CEO of Ocean Network Express, said: “Our FY2025 1Q results show our adaptability amid ongoing geopolitical and economic challenges. Our full year forecast is likely to face headwinds from continued geopolitical uncertainties and evolving market conditions in key economies and port congestion that impact global supply chains.
“We are optimising our cargo portfolio and vessel deployment while implementing measures to address logistical challenges. This ensures we maintain agile, efficient operations and provide customers with quality service.”
Last month, ONE restructured and expanded its Baltic feeder network to enhance connectivity, reliability, and regional reach. ONE Europe also renewed its ISO 14001:2015 certification, extending its scope to include a broader range of inland transport logistics.
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01 August 20251 min readOne Sees $4 Billion Q1 Revenue Amid Trade And Port Strains
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South Korea’S K-Sure Backs Trafigura’S Ship Chartering With $200M FundingSingapore-based commodity trading company Trafigura has landed a $200m mid- to long-term financing agreement with Korea Trade Insurance Corporation (K-SURE) to boost the export business of Korean shipping companies.
The deal marks the first time an export credit agency has offered a mid- to long-term financial support grounded in time charter agreements, Trafigura says in a July 29 statement.
It also says the financing will help cover costs such as time charter fees paid by Trafigura to Korean shipping companies as part of its global freight operations.
Trafigura charters vessels from around the world and is planning to expand chartering activities with Korean partners in the coming years.
The trader has committed to develop strategic partnerships in Korea and play a key role in helping mid-sized Korean shipping companies to strengthen their negotiating power and operational capabilities, Trafigura said in its statement.
Andrea Olivi, global head of shipping at Trafigura, said: “This innovative financing structure with K-SURE underscores our long-term commitment to developing strategic partnerships in Korea. The support enables us to work more closely with Korean shipping companies and contributes to building a more resilient and diversified maritime supply chain.”
The $200m facility was supported by three banks: Crédit Agricole Corporate and Investment Bank, who acted as coordinating and structuring bank for the facility, Barclays Bank Plc and Oversea-Chinese Banking Corporation Limited.
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30 July 20252 min readSouth Korea’S K-Sure Backs Trafigura’S Ship Chartering With $200M Funding
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Portugal To Invest $4.6B In Port Upgrades By 2035July 30, 2025
Portugal's government announced on Wednesday an investment plan worth 4 billion euros ($4.6 billion) to expand and modernise its main ports over the next 10 years, 75% of which will be done by private companies.
Infrastructure Minister Miguel Pinto Luz said the investment would be made in six ports, including the port of Sines - the closest deep-water European port to the U.S. coast - where the current terminal is being expanded and a new one will be built.
He said port activity in Portugal has "potential to attract new investment given the country's privileged location," with an extensive Atlantic coastline that can be a gateway to the Iberian market and connect to trans-European transport networks.
Pinto Luz said 15 new exploration concessions would be launched and, according to a new law, the private operators would enjoy a maximum term of 75 years, instead of the 30 years of current concessions.
The government projects these investments will increase cargo movement to 125 million tons annually by 2035, a 50% increase compared to the most recent data from 2023, as well as a 70% rise in container throughput to 6.5 million Twenty-Foot Equivalent Units (TEUs).
($1 = 0.8710 euros)
(Reuters)
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30 July 20252 min readPortugal To Invest $4.6B In Port Upgrades By 2035
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Sri Lankan Court Orders Owners Of Container Ship To Pay $1 Billion In Marine Pollution Compensationin International Shipping News
28/07/2025
Sri Lanka’s top court ordered the owners of a Singapore-flagged container ship that sank near its capital to pay $1 billion in compensation to the island nation’s government for causing the most severe marine environment catastrophe in the country’s history.
The container ship MV X-Press Peal, which was carrying chemicals, sank off Colombo in June, 2021 after catching fire. The Supreme Court said the incident caused “unprecedented devastation to the marine environment of Sri Lanka” and harmed the country’s economy, especially the lives of the fishing communities.
Judges said the disaster led to the death of 417 turtles, 48 dolphins, eight whales and a large number of fish species that washed ashore after the incident. Debris from the ship, including several tons of plastic pellets used to make plastic bags, caused severe pollution on beaches.
“This marine environmental disaster constitutes the largest recorded marine plastic spill in the world,” the judgement said. “It resulted in the widespread release of toxic and hazardous substances into the marine environment, poisoning ocean waters, killing marine species, and destructing phytoplankton.”
Due to the severe marine pollution, the government imposed a fishing ban for well over a year, depriving fishermen of their income and livelihood.
The incident “continues to cause destruction and harm to Sri Lanka’s marine environment,” said the judgement, signed by five supreme court judges.
The judgement was given against the X-Press Pearl group that included ship’s registered owner, EOS Ro Pte. Limited, and other charterers. All are based in Singapore. An agent in Sri Lanka, Sea Consortium Lanka (Pvt.) Ltd., was also named.
The court said it has sufficient reasons to hold that X-Press Pearl group “should be held accountable and liable under the Polluter Pays Principle for the pollution caused by the MV X-Press Pearl vessel.”
It said the owner, operators and local agent of the ship were all liable for the payment of compensation, which should be used to restore and protect the affected marine and coastal environment.
There was no immediate comment on the judgement from the owner or agent of the vessel.
The court ruling came after several parties, including environment campaigners and fisher rights groups, filed litigation seeking compensation.
Source: AP
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28 July 20252 min readSri Lankan Court Orders Owners Of Container Ship To Pay $1 Billion In Marine Pollution Compensation
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Brazil Judge Rejects Maersk Request To Alter $1 Billion Port Auctionin Port News
25/07/2025
A Brazilian judge has rejected a request by Danish shipping group Maersk to suspend a bidding process for the Tecon 10 terminal at Brazil’s Port of Santos pending its call for a review to allow firms already operating there into the first phase.
Maersk filed a lawsuit last month against Brazil’s marine transport authority (Antaq), calling for corrections to the bidding process to build and run the new megaterminal at Latin America’s largest port, as first reported by Reuters.
Incumbent companies are barred from the first round of bidding for the contract for the terminal, which is expected to require 5.6 billion reais ($1.0 billion) of investment.
Judge Paulo Cezar Neves Junior said he did not see any illegality in the way the marine authority designed the auction and noted that Brazil’s federal audit court is also analyzing the bidding process. He therefore denied Maersk’s injunction request, citing the absence of an imminent risk that would warrant judicial intervention.
In a statement, Maersk said on Wednesday that the ruling, issued on Tuesday, referred to a request for a new public consultation and did not cover its questions over the guidelines barring incumbent operators from the auction’s first phase.
The company said it would consider an appeal and other “appropriate measures”.
According to the current bidding rules, if no valid proposals are received in the first phase of the auction, operators of existing container terminals at Santos can bid in subsequent rounds, provided they divest their other holdings in the port complex. The marine authority did not immediately reply to a request for comment.
The restrictions clear the path for new companies, including Asian rivals or local players such as JBS Terminais, the recently established port operating unit of Brazilian meatpacker JBS. JBS Terminais declined to comment on the matter.
Source: Reuters (Reporting by Luciana Magalhaes; editing by Philippa Fletcher)
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25 July 20252 min readBrazil Judge Rejects Maersk Request To Alter $1 Billion Port Auction
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Air Liquide To Build €500 Million Hydrogen Plant In RotterdamThe electrolyser will be located at Maasvlakte’s conversion park in Rotterdam, where electricity from North Sea wind farms will be used to generate hydrogen.
The ELYgator is scheduled to become operational by the end of 2027 and will produce approximately 23,000 tonnes of hydrogen per year for industrial and heavy transport use.
READ: Port of Rotterdam throughput falls 4.1 per cent in H1 2025
Air Liquide estimates the facility will reduce CO2 emissions by 300,000 tonnes annually.
The plant is the second large-scale electrolyser confirmed for the Maasvlakte conversion park, which has capacity for four such facilities. The investment totals more than €500 million ($586 million).
Air Liquide cited revised hydrogen regulations — specifically the ‘refinery route’ — along with support from the Dutch government and EU subsidies, as key enablers for the project.
Recently, the Port of Rotterdam announced that Rozenburg Lock, used by 20,000 vessels annually, is undergoing a major renovation. From 2027, it will be operated remotely from the Rotterdam Traffic Center, marking a significant shift in port infrastructure management.
Port Technology International
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25 July 20251 min readAir Liquide To Build €500 Million Hydrogen Plant In Rotterdam
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Ship Collision In Cuxhaven Spills 6,000 Litres Of Fuel Into HarbourA collision between two vessels at the entrance of Cuxhaven’s outer harbour in Germany led to a fuel spill of around 6,000 litres early on Wednesday, July 23. Authorities and emergency teams rushed to contain the spill and stop it from reaching the Elbe River.
The incident happened when the 69-meter-long German-flagged product tanker Capella, which was entering the port from Bremerhaven, collided with the 44-meter-long Dutch-flagged offshore supply vessel Coastal Legend, which was leaving the harbour.
Capella is a 1,340 deadweight tonnage (dwt) tanker and suffered only minor damage, while Coastal Legend, weighing 328 gross tons, had a breach about 80 centimetres long near the stern.
Following the collision, a red, oily film was seen floating in the harbour, and fuel was found leaking from Coastal Legend. The crew members on both vessels were safe, and no injuries were reported.
The German Seaman’s Mission and Stella Maris supported the sailors after the vessels were docked in Cuxhaven.
In response to the fuel leak, emergency services from the German Federal Agency for Technical Relief (THW), local fire departments, and the Maritime Emergency Command set up oil booms around the damaged vessel. Pumping operations began to transfer the fuel to the bunker vessel Herta. Divers were also deployed to seal the leak underwater.
Aerial support was provided by an oil reconnaissance aircraft, which conducted two flights over the affected area to monitor the spread of the spill. By late Wednesday, around 80 cubic meters of a mix of oil and water had been collected from the surface using skimmers. This mixture was being pumped into a tanker and trucks for safe disposal.
Emergency personnel wore breathing masks during operations to avoid inhaling harmful fumes. A special oil recovery vessel was also deployed to the site.
The Water Police have launched an investigation to find out the exact cause of the collision. Both vessels remained stable and were not at risk of sinking. Officials confirmed that shipping traffic on the Elbe River had not been impacted.
A spokesperson from the Central Command for Maritime Emergencies estimated that 6,000 litres of fuel had spilled and said that most of it was successfully prevented from entering the Elbe.
Per reports, Greenpeace marine biologist Thilo Maack said that any oil in the water poses a risk to marine life. The expert explained that oil blocks oxygen exchange between water and air, which can harm plankton and other small organisms. He also warned that if the oil is not removed quickly, it could settle in the harbour’s sediment and release pollutants for years.
Cleanup efforts continued into the evening, and officials said it would go on until the area is fully cleared. The full environmental impact and cost of the damage are yet to be assessed.
References: dw, aletihad
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In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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24 July 20254 min readShip Collision In Cuxhaven Spills 6,000 Litres Of Fuel Into Harbour
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24 July 2025
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27 Million Tons Of Toxic Nanoplastics Floating In Atlantic Ocean, Study FindsA new scientific study has revealed that the North Atlantic Ocean holds around 27 million tons of nanoplastics-plastic particles smaller than 1 micrometer. This is the first time such a large amount of nanoplastics has been estimated in ocean water.
The research was carried out by the Royal Netherlands Institute for Sea Research (NIOZ) along with Utrecht University, and the findings were published on July 9, 2025, in the journal Nature.
Researchers involved in the study said that this quantity of tiny plastic is actually more than the total amount of visible plastic (microplastics and macroplastics) floating not just in the Atlantic, but in all the world’s oceans combined.
One of the lead scientists from NIOZ, who is also a professor of geochemistry at Utrecht University, said that this estimate helps reveal a major part of the “missing plastic” puzzle- referring to the fact that a large portion of plastic ever produced could never be tracked or found.
The study was made possible through the joint efforts of ocean experts and an atmospheric scientist from Utrecht University, who helped develop a method to detect and measure such small particles. Previously, some studies had shown the presence of nanoplastics in seawater, but no one had been able to estimate how much was actually out there.
A master’s student from Utrecht University, Sophie ten Hietbrink, spent four weeks aboard the research vessel RV Pelagia to collect the data. During the expedition, which sailed from the Azores to the European continental shelf, she collected water samples from 12 different locations. Using filters, anything larger than 1 micrometer was removed from the samples.
The remaining material, which possibly contained nanoplastics, was then studied in a lab at Utrecht University. By drying and heating the samples and analyzing them using a process called mass spectrometry, the scientists were able to detect the molecules that make up various kinds of plastic.
The team then extrapolated the results to cover the entire North Atlantic Ocean and arrived at the total estimate of 27 million tons. According to the researchers, this amount is extremely high and should be seen as a major warning.
The nanoplastics in the ocean can get there in multiple ways. One source is sunlight, which breaks down larger pieces of plastic into much smaller ones. Another source is rivers that carry plastic waste from land into the sea.
The researchers also pointed out that nanoplastics can travel through the air and reach the ocean with rain or settle onto the surface as dry particles falling from the sky.
Experts believe that these tiny plastic particles can have serious effects on marine ecosystems. Nanoplastics are already known to enter the human body and have even been found in brain tissue.
Since they are now known to be widespread in ocean water, scientists believe they may already be present throughout the marine food chain, from bacteria and microorganisms to fish and larger animals, including humans.
The researchers also noted that some common plastics like polyethylene and polypropylene were not found in their samples. They think these types might have been hidden by other molecules and plan to investigate further.
They also want to study whether nanoplastics are present in similar amounts in other oceans around the world. Though they fear the answer might be yes, further research is needed to confirm it.
One of the researchers stated that while this new estimate fills an important gap in our understanding of plastic pollution, the situation is worrying. The nanoplastics already in the oceans cannot be removed. Therefore, the most important step now is to stop more plastic from entering the environment in the first place.
Reference: NIOZ
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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24 July 20255 min read27 Million Tons Of Toxic Nanoplastics Floating In Atlantic Ocean, Study Finds
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