Rescue boat fell during drill because it was incorrectly secured In an investigation report (M18P0087) released today, the Transportation Safety Board of Canada found that incorrect securement led to the 2018 uncontrolled fall of a rescue boat from the passenger ferry Queen
Penguin to make FUELTRAX standard on its Flex range Singapore based Penguin International Limited has selected FUELTRAX to provide electronic fuel monitoring system (EFMS) solutions for its Flex Fighter range of armored multi-role security boats. The company will also install FUELTRAX
Klaveness takes delivery of second next gen combi carrier Oslo headquartered Klaveness Combination Carriers ASA today took delivery of the MV Barracuda from New Yangzi Shipyard in China. The MV Barracuda is the second of eight contracted CLEANBU vessels that will
Sovcomflot orders LNG fueled Aframax trio at Russian yard Russian shipping company Sovcomflot has placed an order at Zvezda Shipbuilding Complex for the construction of three new-generation MR product carriers using LNG as their main fuel. The vessels will be chartered
U.K. rules out tanker swap with Iran Britain's new Foreign Secretary, Dominic Raab, has ruled out any exchange of the detained U.K flagged tanker Stena Impero for the Iranian owned Grace I. The idea of such a swap was
War risk market drops higher pricing for UK-flag tankers 'We would advise all our operators to contact their lead underwriter or broker as a matter of urgency,' says Red...
Borr Drilling launches US IPO Borr hopes to raise up to $50m from the flotation of 5m common shares
Iran-China crude flows rise as ships circumvent US sanctions Iranian vessels continue to turn off automatic identification system, channel oil trades multiple ship-to-ship transfers and register vessels in opaque...
The future fuels debate comes to the heart of America's fossil fuel state Texas has built its economy on the exploitation of crude oil and natural gas. It is doing well and is...
One Hundred Ports 2019: Trade and fuel dominate carrier concerns Box carriers seek certainty on tariffs and fuel pricing in uncertain times
Evergreen putting scrubbers on 139 ships Taiwanese carrier has also released a statement regarding its take on shipping environmental rules, in which it implicitly defended the...
53 Nanjing (China) As China aims to boost riverborne transportation, the port must fight to find its place as rivals up and down...
55 Incheon (South Korea) Encouraging results were seen at the port during a time of trade tension, with new routes showing diversification
54 Ambarli (Turkey) Growth has continued but slowed down for Turkey's premier container port
49 Fuzhou (China) Volume at the port has been bolstered by steady traffic on intra-Asia routes to Taiwan and South Korea
48 Barcelona (Spain) The Catalan port managed to break the 3m teu barrier for the first time
52 Marsaxlokk (Malta) Unprecedented traffic levels were recorded yet again at the Malta Freeport Corporation-run port
51 Salalah (Oman) Devastation wreaked by cyclone Mekunu was the main reason for the large fall in throughput at the Omani port
China dominates Lloyd's List One Hundred Ports' rankings There was the usual spread of winners and losers in 2018, as ports continued to prosper at others' expense, whether...
50 Vancouver (Canada) Canadian west coast container ports will reach capacity by as early as the mid-2020s and will therefore be unable to...
Ports face hundredfold jump in customs declarations under WTO Brexit, CBI warns Some British ports could see a hundredfold increase in customs declarations in the event of a no-deal Brexit, the Confederation...
02 Singapore (Singapore) The port city-nation, which held on to its role as the transhipment hub for the region, could benefit from the...
06 Busan (South Korea) South Korea's number one port has clearly moved on from the collapse of Hanjin to pursue its next phase of...
04 Shenzhen (China) While volume growth at the port slowed in line with the Chinese economy, performance in the year ahead will also...
09 Tianjin (China) Automation efforts are making good progress, while the merger of two terminals is set to help operational efficiency
03 Ningbo-Zhoushan (China) The port complex has started to see a decline in container exports to the US this year, but the volume...
08 Qingdao (China) The port city in China's Shandong province benefited from the first full year of Qianwan automated container terminal
05 Guangzhou (China) China's major port on the west side of the Pearl River Estuary leapfrogged both Hong Kong and Busan in terms...
10 Dubai (United Arab Emirates) Increased competition in the Middle East market has forced the port to diversify; new initiatives will be vital for it...
07 Hong Kong (China) Intense competition has taken its toll on the port, although it is fighting back by banding its terminal operators to...
01 Shanghai (China) US-China trade conflict remains a big challenge, but there are positive signs on the domestic policy front
Low-sulphur regulations will not lead to front-loading Higher bunker costs from low-sulphur fuels are unlikely to drive another round of front-loading this year
12 Port Klang (Malaysia) Despite losing business to Malacca Strait rival Singapore, the port that acts as the main access point for Malaysian capital...
13 Antwerp (Belgium) A record year was witnessed by the port during 2018, with growth in imports and exports
15 Kaohsiung (Taiwan) Frontloading effects of the Sino-US trade war benefited the port, reversing a slide in growth
Saeedi replaced as managing director of IRISL Sanctions-hit Iranian shipping company reconfigures its senior management. Move comes in the wake of the company abandoning its newbuild programme
16 Dalian (China) Throughput rose by well below the 2% growth target set by port authorities
18 Tanjung Pelepas (Malaysia) Investment in handling equipment, berth upgrading and channel dredging has helped achieve growing confidence among customers
17 Los Angeles (US) The US west coast port saw another record-breaking year, moving more cargo in 2018 than at any time in its...
14 Xiamen (China) The port aims to boost its throughput to 20m teu by 2035, despite China's slowing economy and weakened foreign trade...
11 Rotterdam (The Netherlands) Europe's biggest port achieved a new all-time high in throughput figures last year, mainly due to a growth in transhipment...
19 Hamburg (Germany) Europe's third-largest container port 'successfully asserted itself in a difficult environment'
20 Long Beach (US) Key projects include $1bn in rail improvements to boost the US west coast port's on-dock rail cargo capacity by 35%
21 Laem Chabang (Thailand) Slowing of growth at the port proved a handbrake on container throughput expansion
22 Tanjung Priok (Indonesia) Long-awaited port development has failed to solve the issues of costly delays and a lack of container capacity as Indonesia's...
23 New York and New Jersey (US) A strong economy, densely populated market, larger vessel calls and a rush to beat new tariff increases get credit for...
24 Colombo (Sri Lanka) Having increased its volumes rapidly, the port celebrated a record-breaking throughput level
25 Ho Chi Minh City (Vietnam) Vietnam's biggest port carried on, with its expansion matching the country's pace of growth
26 Yingkou (China) While debt problems - mainly due to infrastructure investment - have been an issue for the northeast China port, volumes are on the...
27 Bremen/Bremerhaven (Germany) Container throughput at the twin ports remained relatively unchanged
28 Jawaharlal Nehru (India) Despite an investigation into alleged anti-competitive practices hampering its newest terminal, the port has continued to grow
29 Valencia (Spain) The Mediterranean's premier box port continued to benefit from having terminals linked to three of the most influential carriers
34 Lianyungang (China) The port maintained low levels of growth in 2018 but has performed better in 2019 so far
30 Manila (Philippines) Strong economic growth and the shift of manufacturing plants from northern China to Southeast Asia has boosted throughput
31 Taicang (China) By capitalising on its position as a key crossroads between domestic and foreign trade in the region, growth momentum has continued
32 Piraeus (Greece) Significant growth has been recorded at the port, with traffic increasing by almost 50% in three years
33 Algeciras (Spain) Having bounced back from industrial action in 2017, the western Mediterranean port seems set for a decent growth rate
35 Tokyo (Japan) Japan's largest container port has continued to invest in new infrastructure, although throughput growth is slowing
60 Yantai (China) The port has been striving to find its position in the region's consolidated group, where Qingdao stands as the largest...
61 Tangshan (China) Much of the focus is on the port's $270m fully automated terminal project that is being constructed
65 Cartagena (Colombia) Growth in transhipment and domestic traffic, along with capacity expansions, has elevated the port
47 Tanger Med (Morocco) A container flow control system and integrated blockchain platform have been set up to improve efficiency at the port
69 Houston (US) The US Gulf port's high growth rate has been conveniently balanced between imports and exports
62 Durban (South Africa) Figures show the port has been operating close to full capacity
56 Manzanillo (Mexico) Further expansion is on the cards at Mexico's biggest container port, which is also the third-largest in Latin America
64 Chittagong (Bangladesh) Another healthy year of volume growth helped the port reach record throughput last year and put it on course to...
57 Port Said (Egypt) As volumes rebound, the port is aiming to return to its former glory as one of the most competitive in...
70 London (UK) Unitised trade volumes at the PLA's ports grew by 3.5m tonnes to top 20m tonnes for the first time
67 Le Havre (France) A net increase in full containers of 3% set a new record for trade flows to the port's hinterland
68 Virginia (US) The US east coast port hailed its fourth consecutive year of record-setting volumes in 2018 and major expansion projects suggest...
63 Kobe (Japan) Typhoon Jebi severely impacted throughput at the port, which grew by a fraction of results seen in previous years
66 Nagoya (Japan) While expansion at the port slowed, it emerged relatively unscathed from typhoon Jebi
71 Genoa (Italy) The collapse of the Morandi Bridge in August and a violent storm in October badly affected the Italian ports group
72 Sydney (Australia) While volumes handled increased during 2018, the number of ship calls declined as larger vessels visited the port
73 Oakland (US) Plans to turn a marine terminal into a new Major League baseball park will not dampen the port's commitment to...
74 Balboa (Panama) Despite the downturn in 2018, Fitch Solutions forecast growth for the port over the coming four years
75 Osaka (Japan) Despite being hit by typhoon Jebi, which reportedly wrecked 2,500 containers at its terminals, the port has continued to grow
76 Yeosu Gwangyang (South Korea) The jointly administered South Korean ports expanded for the first time since 2014, with growth seen in imports, exports and...
77 Quanzhou (China) While trying to find a niche in Southeast Asian trades, the port is still dependent on domestic feeder services
78 Callao (Peru) Peru's leading container port, which mainly deals in transpacific trade, saw throughput rise
79 Gioia Tauro (Italy) The port has struggled with the departure of Maersk in 2017 and labour issues at the site
80 Charleston (US) Infrastructure investments paid off for the South Carolina Port Authority as larger vessels boosted throughput
81 Zhuhai (China) The pace of growth at the port has largely slowed, partially due to delays in the construction of new berths
82 King Abdullah (Saudi Arabia) From the Saudi desert, the port posted the highest throughput growth in percentage terms in the top 100
83 Karachi (Pakistan) The port's deepwater container terminal, operated by Hutchison, was officially opened in May
84 St Petersburg (Russia) Terminals at the port handled three-quarters of the total Russian container-handling throughput
85 Guayaquil (Ecuador) The port responsible for 70% of Ecuador's containerised trade enjoyed double-digit growth to reach more than 2m teu for the...
46 Dongguan (China) Having enjoyed successful growth in 2017, throughput at the Pearl River Delta port went into decline as it was hit...
86 Bandar Abbas (Iran) Despite being badly hit by US sanctions, work to increase container capacity at the port continued
45 Cai Mep (Vietnam) With the growth of the Vietnamese economy as the country establishes itself as a 'China plus one' destination, the deepsea...
87 Khorfakkan (United Arab Emirates) Having been badly hit by carrier consolidation in 2017, the port saw further losses but hopes new initiatives will bring...
44 Seaport Alliance (US) The US port alliance saw annual container volume at Seattle's Terminal 18 hit 1m teu, a record-breaking figure for Washington...
88 Southampton (UK) Congestion problems affected productivity at the UK's second-largest gateway
43 Tanjung Perak (Indonesia) The East Java port continued to expand at an impressive rate and further growth is likely
89 Gdansk (Poland) Another year of exponential volume growth was seen at the port, where a consortium led by PSA International acquired its...
90 Haikou (China) Transformation into a pilot free trade zone and an increase in intra-Asia trade have benefited the port
91 Kingston (Jamaica) The increasing size of ships transiting the Panama Canal has helped the port attract larger cargoes
92 Buenos Aires (Argentina) Economic reforms geared towards easing the flow of international trade have boosted the port
42 Felixstowe (UK) The UK's largest container terminal has been fighting back after a botched installation of a new terminal operating system badly...
93 Sines (Portugal) Plans are in place to significantly expand the port, which has become a major pull for carriers requiring regional transhipment
58 Yokohama (Japan) A new operating company has helped the port turn a corner, with container volumes seeing further growth
41 Rizhao (China) Increased domestic trade as well as a rise in international calls helped to boost throughput
94 Taichung (Taiwan) The pace of container throughput growth seems to be slowing at the port
40 Jeddah (Saudi Arabia) Consolidation of container facilities in the northern part of the port could help negate volumes being lost to rival King...
95 Abu Dhabi (United Arab Emirates) Staking its claim as a major player in the Middle East market, the port has seen a staggering rate of...
39 Santos (Brazil) Despite disruptions caused by dramatically reduced union employment and plans to privatise, the port continued setting throughput records
96 Jiaxing (China) The feeder port is optimistic about further growth, targeting 5m teu in container throughput for 2030
38 Colón (Panama) As the second-largest user of the Panama Canal, China has been the main supplier to the port's FTZ
37 Savannah (US) The US east coast's second-busiest container port has seen a rapid rise in throughput, doubling from a decade earlier
97 Mersin (Turkey) The port in the southeast of Turkey enjoyed new calls and bought more equipment as it planned expansion
59 Melbourne (Australia) Healthy growth is expected to continue following refurbishment at the port
98 Montreal (Canada) A rapid increase in traffic from Asian markets and a new trade agreement with the European Union proved a boon...
36 Mundra (India) The largest private sector port in India appears to have had a successful year, if media reports are confirmed
99 San Antonio (Chile) A resurgent economy has helped Chile's largest container port see an impressive increase in throughput and numerous new carrier calls
100 Taipei (Taiwan) Investment in automated cargo handling is seen as the way to improve productivity at the Taiwanese port
Zhoushan needs more than price clout to beat Singapore It's a win-lose situation among ports in Asia with one bunker expert remarking that even having the top two bunker...
Daily Briefing Doubts over legality of tanker seizure | Looking east from the Middle East | Stena Bulk in talks for release...
Trade war hits Singamas box-making business Pacific International Lines subsidiary has agreed to sell the dry-box-making business to state giant Cosco Shipping
Indonesian shipyard accident kills four The shipyard accident is the second involving gas poisoning in just over two months, following another in China at the...
China's Hengtong and CIMC Raffles mull partnership on LNG ships Chinese LNG trader and distributor is planning to sign a co-operation framework agreement with the Chinese offshore builder about the...
South Korea may join proposed US 'Sentinel' force to police the Middle East Gulf The US Energy Information Administration reports that South Korea is highly dependent on the Middle East for its oil supply, with...
Family of Texas cop sues Maersk in wrongful death case The family of a deceased Texas police chief is blaming Maersk's US-flag subsidiary for his death. A lawsuit filed in Galveston federal court last week says 50-year-old Christopher Reed and his wife, Jana, were traversing the Houston Ship Channel aboard their fishing vessel 7 June when he was thrown from the ship by the 61,986-dwt Maersk Idaho's (built 2000) wake and drowned. Fire-ravaged Maersk
Berenberg shipping analyst switches sectors German bank drops coverage on 10 maritime names after researcher takes up new duties.
Kastrup out as APL CEO, Courquin in There's been a shake-up in APL's c-suite in the midst of parent CMA CGM's turnaround efforts. After just 8 months on the job, APL chief executive Lars Kastrup is out and current CMA CGM Middle East senior vice president Stephane Courquin is set to take his place, effective 15 August. CMA CGM shrugs off $43m quarterly loss Hapag-Lloyd latest to add war risk surcharge to Gulf boxes Courquin will
Report: Gearbox overhaul caused Aurora Explorer accident Arctic Explorer-owned passenger catamaran allided with Norwegian quay in July 2018, resulting in numerous passenger injuries.
Gas and tankers help drive up first half profit at Milaha Improved results from its gas and tanker operation has helped push up first half profit at Qatar Navigation (Milaha). Unibros Shipping swoops on MR tankers amid Greek optimism for product market Milaha sees profit rise despite mixed markets Stronger results from its ports business also aided the bottom line, which grew by 6% year-on-year. It came despite drops in contributions from Milaha's lo
Performance Shipping cuts quarterly loss Performance Shipping has posted another quarterly loss, having been held back by a reduction in timecharter revenue and vessel impairment charges. Performance Shipping makes tanker play with aframax pair The company, formerly Diana Containerships, reported a net loss of $1.6m for the second quarter, which includes a $300,000 impairment charge on one vessel. This is a step backwards when compar
Chinese shipowners top Greeks for capacity purchased in last five years Chinese shipowners have bought more secondhand tonnage than their rivals in Greece during the past five years, according to data from Clarksons. Greek shipowners target LNG amid strong outlook and increased spot market activity Over 10% of world fleet will have scrubbers at start of IMO 2020, says Clarksons Clarksons: shipping moves forward but wildcards lurk Hellenic owners are known as the
Iranian boat warns UK Navy 'Don't put your life in danger' An Iranian patrol boat told a UK frigate "Don't put your life in danger", shortly before Iran's Islamic Revolutionary Guards Corps (IRGC) boarded the tanker Stena Impero on 19 July. Stena Bulk: Company access to Stena Impero 'imperative' This is according to new audio released by the IRGC, which appears to be an extended cut of a clip released last week. In the audio, the IRGC navy representati
China Merchants Group boasts first-half profitability in rare financial disclosure Chinese state conglomerate says group revenue and profit grew in January-June despite macroeconomic uncertainty
Maritime lawyers and arbitrators divided over a matter of degree Legal qualifications or hands-on experience - which is best for presenting your case, and what will it cost you?
Tor Olav Troim's Borr Drilling looks to fetch $50m from New York listing Borr Drilling is moving forward with its near $50m New York listing. The Tor Olav Troim-backed jack-up owner announced Monday that its shares have been approved for trading on the New York Stock Exchange. Tor Olav Troim plots New York IPO for Borr Drilling Borr Drilling completes $645m financing deal The five million share offer will be made by prospectus only with shares - to be listed under
Middle East Gulf tension having 'fairly muted' impact on tanker markets Gibson Shipbrokers explains why rates have remained stable despite global spotlight on region
Ship financing is the biggest concern for German shipowners Developing alternative sources of capital for investment 'cannot be delayed'
OOCL sees top line rise with box volumes Orient Overseas Container Line (OOCL) has posted an increase in container volumes and revenue for the second quarter. Freight rates on the transpacific soar as lines axe sailings The Hong Kong-based container line posted revenue of $1.57bn during the three-month period, which is a year-on-year increase of 7.1%. OOCL said loadable capacity grew by 6.4%, but the overall load factor was 1.4% lowe
Imabari Shipbuilding president calls for cooperation on design Action needed to counter South Korean consolidation says Imabari boss
AP Moller-Maersk share buyback pushes past $200m mark AP Moller-Maersk has taken its share buyback efforts past $200m and is now halfway to its target set for the start of November. Maersk sprang the buyback this spring alongside a fresh dividend policy following the divestment of its energy businesses. AP Moller-Maersk scoops shares worth $105m in first stage of buyback Maersk starts $1.5bn buyback programme The world's largest shipowner began i
Strait of Hormuz redesignation could hike crew wages The UK's Warlike Operations Area Committee will today decide if Hormuz will be redesignated as a high-risk area.
Greek ferry rivals fit scrubbers to meet IMO 2020 fuel rules Attica Group follows rival Minoan Lines and raises €26m to install exhaust gas cleaning systems
Torm tipped to sell veteran tanker in latest fleet renewal step Danish product tanker owner Torm has extended fleet renewal efforts with the sale of a veteran vessel at a time it is taking delivery of a number of newbuildings and second-hand purchases. Danish shipowner Torm doubles scrubber investment to span half of its tanker fleet Four MRs in, one out at Torm Copenhagen-listed Torm has sold the 47,000-dwt Torm San Jacinto (built 2002), multiple shipow
Sovcomflot orders three more LNG-fuelled product tankers The shipowner aims to make Russian shipping greener and more competitive.
Beazley and Lancashire results point to improving hull market Two leading marine insurers saw increased premiums in hull and machinery cover in the first half of the year
Tufton Oceanic Assets trumpets 'sanguine' outlook for shipping Tufton Oceanic Assets trumpeted a confident outlook for the shipping and investment climate as it rang in a profitable first half performance. Tufton Oceanic Assets IPO rewrites shipping rule book Initial $91m opens door for liquidity and diversity, says Paulo Almeida Tufton Oceanic executives lay out plans for investment opportunities The shipowner made a $23.6m move for a container vesse
IRISL gets new managing director after Saeidi resigns Steel industry veteran steps in to lead Iran's national shipping company through troubled waters
John Fredriksen's Flex LNG closes refinancing for trio of vessels John Fredriksen's Flex LNG has closed the refinancing of three vessels, including a pair on a sale-and-leaseback deal with Hyundai Glovis. Flex LNG to become first Fredriksen firm with in-house management John Fredriksen's Flex LNG strikes $420m sale-and-leaseback deal for two ships Oslo and US listed Flex first announced plans for the $420m leaseback for the 173,000-cbm Flex Endeavour and Flex
Norway's Solvang aims to put scrubbers on most LPG carriers Pioneering adopter of exhaust cleaning systems plans to have technology installed on 15 ships by 2020
Oak Hill Advisors shipping role is strategic, not opportunistic Alternative lender unveils multi-strategy approach for investing in shipping for the long term
Clown suit prompts drunken brawl on P&O's Britannia Afternoon of 'patriotic' partying on deck, with large amounts of alcohol, ends in multiple arrests
Hyundai Heavy Industries Group yards to wait for higher prices South Korean shipbuilding giant is confident fresh orders will emerge in the latter half of the year
Total beats off competitors to seal Benin LNG FSRU prize French oil major on course to provide sub-Sahara Africa's first floating regasification unit
Second Royal Navy ship arrives in Gulf to escort UK shipping Iran president says presence of foreign forces in the region are a source of tension
House Democrat working group sends USMCA report to Pelosi The working group laid out specific proposals in the areas of labor, the environment, enforcement and pharmaceuticals.
Oakland OKs container dray-off yard lease Shippers Transport Express' lease on the 32-acre port location will extend through 2032.
MarAd found vulnerable to cyber hackers "Malacious attackers" could have obtained records and stolen the identities from 13 executives and stuff who recently joined the U.S. Maritime Administration.
Trucking queues down at largest US port Southern California ports say truckers are not availing themselves of all appointments.
Singapore's JPTT advances oil storage infrastructure ahead of IMO 2020 "We are considering the possibility of offering direct bunkering," Ooi said.
Asia middle distillates strong, but higher Chinese exports could erode margins "It's getting lower due to the closed US West Coast arb...if anyone still has unsold cargoes, it will be difficult," a trader in Singapore said.
FUTURES: Oil slips as demand woes take centre stage; US-China talks Investors stay anxious over the upcoming US-China trade talks in Shanghai this week.
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