Canadian Coast Guard makes new moves to reduce fleet emissions The Canadian Coast Guard (CCG) today announced two significant steps it is taking to reduce its emissions in line with the Government of Canada's 2030 and 2050 commitments on greenhouse gases: the
TotalEnergies eyes seagliders for offshore platform crew transfers Are all-electric seagliders the future for getting personnel to offshore platforms? French super major TotalEnergies is looking at the idea. It has reached an agreement with Massachusetts-based start-up REGENT (Regional Electric Ground
Konecranes hybrid RTGs to enhance COSCO Spain box terminals Chinese container terminal operator COSCO SHIPPING Ports (Spain) Terminals (CSP) has ordered 11 eco-efficient hybrid Rubber-Tyred Gantry Cranes (RTGs), with six machines for their terminal in Bilbao and five for their terminal in Valencia. The order was booked in the third quarter of 2022, while the value of the order is approximately €20 million. Konecranes said that cranes' hybrid drives allow
Hapag-Lloyd buys SM SAAM terminal business for US$1 billion Hapag-Lloyd will acquire the entire terminal business of the Chile-based company SM SAAM, including SAAM Ports and SAAM Logistics, for approximately US$1 billion. The two parties signed an agreement according to which the German shipping firm will take over 100% of the shares of the two SAAM companies and thereby the entire SM SAAM's terminal business and associated logistics services. SM SAAM is
Chittagong port sees significant fall in box handling in September Container handling at Bangladesh's prime seaport, Chittagong, fell significantly in September with only 101,493 TEU of import goods laden boxes handled in the month compared to 120,470 TEU in September last year. At the same time, the handling of export goods laden containers also decreased to 63,803 TEU in September from 75,697 TEU in August and 68,891 TEU in September 2021. During the month, th
Indian exporters face new tax burden as freight rates moderate Indian exporters - now relieved to see some moderation in sky-high freight rate levels amid slowing volumes - have a new cost burden to deal with: a government tax levy. The setback follows the end of previously-granted federal exemptions from the applicability of Goods and Service Tax (GST) on export freight. GST, a unified national tax system, was introduced in 2017, intended to make a one-mark
French presidential aide Kohler accused of conflict of interest over MSC relations Elysee Palace secretary general Alexis Kohler has been charged with conflict of interest for allegedly failing to disclose his familial ties with MSC. Prosecutor Jean-François Bohnert said today (4 October) that Kohler, whose full name is Arnaud Alexis Michel Kohler, had failed to disclose that his mother is a cousin of MSC founder Gianluigi Aponte's wife Rafaela. In 2018, French investigative ne
CMA CGM new panamax vessel breaks Australia's record at Port Botany Australia's major container terminal operator, Patrick Terminals has announced that the 10,926 TEU CMA CGM Estelle set a record calling Port Botany, carrying the most containers ever carried by a single ship in Australia. CMA CGM Estelle is deployed on the NEMO Australia Express Service between Europe, the Indian Ocean and Australia, which is a joint service by MSC and CMA CGM. The previous recor
Massport completes major improvements at Boston's container terminal The Massachusetts Port Authority (Massport) has announced the completion of infrastructure upgrades at the port of Boston's Paul W. Conley Container Terminal. Boston's box terminal will now offer direct connectivity to China, North Europe, Southeast Asia including Vietnam and India, the
Petrobras returns to Singapore for more FPSOs Brazilan state-controlled oil giant Petrobras has placed an order with Singapore shipbuilder Sembcorp Marine for the construction of floating production storage and offloading (FPSO) vessel P-82 set for its Búzios field in the Santos Basin. The FPSO is scheduled for delivery in 2026 and to become the 29th system to operate in the pre-salt area ...
Liners make case for consortia block exemption regulation renewal The World Shipping Council (WSC), International Chamber of Shipping (ICS), and Asian Shipowners' Association (ASA) have called for a renewal of the European Commission's Consortia Block Exemption Regulation (CBER), due to expire on April 25, 2024. The CBER allows, under certain conditions, shipping lines with a combined market share of below 30% to enter into ...
Hapag-Lloyd swoops for SAAM's terminal business in $1bn deal Germany's Hapag-Lloyd has struck a deal with Chilean multinational port services company SAAM to buy its subsidiaries SAAM Ports and SAAM Logistics and thereby the entire company's terminal business and associated logistics services for around $1bn. The deal will see the cash-rich liner take over SAAM's ownership stake in ten port terminals throughout six countries ...
DEME converting bulker to fallpipe vessel Belgium-based marine contractor DEME has purchased an unnamed bulk carrier for conversion into a new fallpipe vessel. The company has inked an agreement with Pax Ocean Shipyards in Singapore and the vessel will enter the yard in late October. The new fallpipe ship will be fully compliant with the latest emission standards and feature the ...
Argeo expands with five-year bareboat charter deal Norwegian surveyor Argeo has signed a five-year bareboat contract for the vessel Argeo Searcher, with a purchase option attached. The vessel should be delivered in December this year and operate in the North and South America and West Africa energy markets as well as the Pacific Ocean and North Atlantic for marine minerals markets. The ...
Excelerate Energy presses ahead with FSRU newbuild in South Korea Texas-headquartered Excelerate Energy is pressing ahead with a newbuild floating regasification and storage unit (FSRU) in South Korea, following a letter of intent announced earlier this year. The New York-listed firm has penned a shipbuilding deal with Hyundai Heavy Industries (HHI) for a 170,000 cu m FSRU to be delivered in June 2026. No price ...
Maersk eyes methanol bunkering trials in Singapore next year Maersk Oil Trading, part of A.P. Moller - Maersk, has joined forces with Japanese trading house Mitsui & Co, Mitsui's energy trading unit and class society American Bureau of Shipping (ABS), to jointly conduct a detailed feasibility study of methanol bunkering logistics in Singapore. The partnership will investigate the design of the bunkering vessel, safe ...
Transnet faces strike action as pay talks collapse Two labor unions at South Africa's logistics group Transnet plan to take strike action in a dispute over pay. The United National Transport Union (UNTU) said it served a 48-hour notice on Transnet of its intention to embark on a protected strike from October 6, while the South African Transport and Allied Workers Union (Satawu) ...
Tanker sales proliferate as EU deadline on Russian oil nears Vintage tankers, typically ready for the scrapyards, are changing hands for future trading in record numbers and at eye-catching prices as Russia gets its oil export plans in place for further bans. Today, in Brussels, European Union members had until 10:00 a.m. to revert on proposals that would set a price cap on Russian oil ...
Shearwater unveils deepwater dual ROV OBN deployment vessel Offshore seismic specialist Shearwater GeoServices is set to launch the company's first dual remotely operated vehicle (ROV) vessel designed to deploy ocean bottom nodes (OBN) and also provide source for surveys and conduct towed streamer surveys. The Norwegian owner is converting its 2010-built multipurpose vessel SW Tasman into a deepwater dual ROV OBN deployment vessel ...
Volume of blank sailings deemed insufficient to stem box rate decline Carriers are taking services out of the transpacific, and this year's first boxship scrap candidates have emerged as container shipping recalibrates to a slowing global economy. On the Asia to the US west coast tradelane, Linerlytica reports three services have been withdrawn with two more suspensions planned (see chart below for details). The services to ...
APL presses ahead with lawsuit against Matson CMA CGM subsidiary APL has been allowed by a federal judge in Washington DC to move ahead with an antitrust lawsuit it is bringing against rival Matson over services connecting the US with Guam. APL claims Matson has violated US competition law. APL said in its complaint that after it entered the market in 2015 ...
Valaris bags $95m in fresh drilling deals Offshore driller Valaris has added $95m to its backlog through new contracts and contract extensions, awarded following its most recent fleet status update in September. The New York-listed player said that TotalEnergies had exercised its option for drillship Valaris DS-15 offshore Brazil for approximately 100 days in direct continuation of the existing firm term. Meanwhile, ...
Worker dies after Texas rig fall A construction worker died after falling from an offshore platform on the Texas Gulf Coast near Corpus Christi. The Coast Guard officials in Corpus Christi received a call around 13.45 hrs local time on October 1 that a scaffolder fell off of a rig at Kiewit Offshore Services yard and into the La Quinta Channel. ...
Maritime CEO Forum Singapore: Shipping will face competition for new fuels All week Splash is bringing readers key takeaways from last Thursday's Maritime CEO Forum, an exclusive shipowner gathering held at the Fullerton Hotel in Singapore. Today's report focuses on the decarbonisation session, and fears that shipping might lose out to other industries in the scramble for alternative fuels. Caroline Yang, CEO on bunker craft operator ...
Macron's right-hand man investigated over his ties to MSC In a long running investigation, prosecutors in France have said they will pursue Alexis Kohler, Emmanuel Macron's chief of staff, over a conflict of interest case relating to his alleged links with Mediterranean Shipping Co (MSC). Splash first reported on the investigation four years ago. The transparency campaign group Anticor launched a lawsuit in 2018 ...
US FMC contracts with National Academies for OSRA-mandated chassis study The US Federal Maritime Commission (FMC) has awarded a $500,000 contract to the National Academies of Science (NAS) to conduct a study examining intermodal chassis pools and provide recommendations on best practices for their management. The study was mandated by the Ocean Shipping Reform Act of 2022 (OSRA). Under the agreement, a committee of independent ...
Terminal upgrade completed at Port of Boston The Massachusetts Port Authority (Massport) has announced the completion of nearly $850m in infrastructure projects to modernise the Paul W. Conley Terminal at the Port of Boston. Prior to the port's modernisation, Conley offered two services reaching seven major global ports. With the completion of these infrastructure investments, Conley Terminal now offers direct connectivity to ...
Cold ironing dispute has chilling effect on US labour talks Recent dispute between competing labour unions and an employer see localised issues adding uncertainty to the west coast negotiations, at...
Ports group seeks to close gap in investment After the shockwaves of the pandemic, ports were found wanting. A new report seeks to find solutions to prevent a...
Global grain trades forecast for slight drop Current marketing season is forecast to see declines in corn and wheat trades, while soyabeans are expected to surge, according...
Hapag-Lloyd boosts terminal ownership with $1bn SAAM acquisition German carrier Hapag-Lloyd has been moving to increase its terminal ownership to boost network efficiency. Its latest deal will see...
Renewable energy investment crisis blocking shipping zero-emission goals 'Biggest challenge is not the money nor the technology, but the lack of existing renewable energy' - Intertanko technical director...
Britannia takes bottom line hit after investment returns tank Small craft specialist Shipowners' Club announces better-than-break-even combined ratio for first half of the fiscal year
Bureau Veritas lays out well-to-wake approach to alternative fuels Environmental impact of alternative fuels can only be evaluated through a complete life-cycle analysis, says BV. Decarbonisation will require unprecedented...
Bureau Veritas lays out well-to-wake approach to alternative fuels Environmental impact of alternative fuels can only be evaluated through a complete life-cycle analysis, says BV. Decarbonisation will require unprecedented...
Baltic Exchange suspends Russia-linked tanker indices amid sanctions The dirty tanker indices TD17 and TD24 will cease to be published later this month, while the clean tanker index...
Carriers and owners submit case for extending consortia block exemption Joint submission to European Commission says consortia benefit customers and the environment, and calls for predictable regulation as supply chains...
Singapore developing standards for alternative bunkering fuels Singapore will be the first in the world to set standards for bunkering alternative fuels
MPA plans route for digital bunkering push in Singapore MPA is expected to co-fund the adoption of digital bunkering that could save Singapore's bunker industry 39,000 man-days a year
STB extends public hearings on CP-KCS merger The Surface Transportation Board opened public sessions last Wednesday for three days of testimony, but scheduled three additional days of mostly virtual sessions this week to accommodate all interested parties seeking to participate.
NY-NJ readies revised fee plan for long-dwelling empties The Port of New York and New Jersey is close to releasing a revamped tariff that recalculates how it will levy a $100-per-container fee on ocean carriers who let empty boxes linger.
Spotty service, container shortages put US reefer trade on ice US cold-chain cargoes fell more than 20 percent through May as the combination of high freight rates, poor reliability of ocean carrier service, and lack of equipment took a toll on foodstuff freight.
FMC launches study to improve US chassis pools The FMC-sponsored study comes as the ultra-tight supply of chassis in the US has been a contributing factor in port and rail congestion for well over a year.
Hapag-Lloyd makes $1 billion Latin American terminal takeover While rivals make huge investments in end-to-end logistics, Hapag-Lloyd's strategy is to retain a core focus on container transport and the expansion of its global terminal footprint.
Carriers call on European regulator to extend block exemption rule Claims by shippers that the European block exemption was dampening market competition are "at odds with reality," ocean carriers have told European regulators.
BNSF's proposed inland rail hub aims to speed LA-LB cargo flow BNSF's proposed inland hub 130 miles from Los Angeles-Long Beach will reduce port congestion and eliminate thousands of truck moves by shuttling marine containers by rail to transloading warehouses.
Burke spills the reasons why Ridgebury Tankers has sold more than half of its fleet Two more MRs now gone for substantial profit as Connecticut shipowner takes year's tally to 15
Tanker owners may have seen peak VLCC volumes on eve of Opec meeting Oil producing bloc is largely expected to announce a production cut at its meeting on Wednesday, potentially hitting crude volumes
Dry bulk market remains high due to low supply, analyst says Global dry bulk fleet is expected to grow 0.8% next year, according to Clarksons data
Dry bulk S&P running at speed again after late summer dip The market has found a new sweet spot between buyers and seller but it is a fragile one, analysts warn
San Francisco chases Princess Cruise Lines, tug provider after pier damage The then-Star Princess slammed into a pier, damaging pilings and sending another chunk drifting
Maersk, Mitsui join to push for methanol bunkering hub in Singapore The two companies, plus ABS, intend to conduct a bunkering operation in the first half of next year
Hadjiyiannis ship linked to second shock VLCC sale in a week For some tanker owners, doubling your money has never seemed easier
Hapag-Lloyd agrees $1bn deal to buy SAAM's South American ports German container line also grabs Chilean group's associated logistics operations
Pavilion Energy, TotalEnergies and MOL name Singapore's largest LNGBV But delayed LNG bunker vessel newbuilding will not start operations until first quarter 2023
Poten says Ukraine war is not the only reason suezmax rates will rise US shipbroker believes million-barrel ships will now benefit from low deliveries after bigger fleet growth this year
Excelerate Energy firms up its first FSRU newbuilding in 17 years Newly listed regasification specialist gives world orderbook its first FSRU contract in several years. But at what price?
Controversial Greek-owned ropax heads for the auction block Sea Speed Lines' Olympus raised a ruckus when deemed unseaworthy after being awarded lucrative government contract
Seafarers warned over food safety after fish blamed for bulker deaths Catering management company MCTC urges shipping not to cut corners after tragedy on Wu Zhou 8
Looming Russia sanctions splinter tanker markets Vintage tankers selling for prices once considered inconceivable as rates decline from two-year highs
Trond Mohn's Nyhill Shipping dismisses ship sale report as 'premature' Reports of a lucrative product tanker sale to Middle East-based owners are premature, says company controlled by Norwegian tycoon
PSA joins Silk Alliance to develop green fuels for intra-Asian box trades Singapore port operator subsidiary is 12th member of the intra-Asian green corridor group backed by the Lloyd's Register Maritime Decarbonisation Hub
Macron's chief of staff Kohler indicted over alleged links to MSC France's financial crimes prosecutor confirms formal conflict of interest investigation
HMM could go from record profits to losing money by 2024, says Nomura Seoul-based carrier expected to feel the effects of falling SCFI as early as next year
Frontline beefs up board with former Cypriot transport minister Marios Demetriades Politician and banker adds more experience to tanker owner as it pushes through Euronav tie-up
Cosco Shipping's Bernard Foo makes broking switch after 20-year shipowner career Industry veteran joins Singapore's TCT Shipbrokers having previously worked as a chartering manager
'You're hired!' Hamburg Commercial Bank promotes ex-CFO to replace departing Stefan Ermisch Former CFO appointed chief executive of German shipping lender at the start of October
Trond Mohn's Nyhill Shipping slams 'premature' sale broker report Reports of a lucrative product tanker sale to Middle East-based owners are premature, says company controlled by Norwegian tycoon
Hamburg and Halifax ports unveil green corridor initiative Port authorities look to decarbonise the shipping corridor between Canada and Germany
Shipowners finalised for QatarEnergy's LNG newbuildings at DSME Contracts inked on all 58 newbuilds at South Korea's big three shipbuilders and China in phase one of huge vessel acquisition plan
Lessor Jackson Square Aviation enters freighter segment Boeing 737-800 passenger-to-freighter conversions are selling like hotcakes. A Japanese-owned leasing company snapped up six more slots.
Hapag-Lloyd acquiring SAAM terminal operations in $1B deal CEO Rolf Habben Jansen said the SM SAAM S.A. acquisition is part of Hapag-Lloyd's strategy to build "a robust and attractive terminal portfolio."
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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