ABB and Incat Tasmania team up on lightweight hybrid-electric RoPax ferry ABB and Australian shipbuilder Incat Tasmania are to explore building a 148 meter long RoPax ferry with hybrid-electric propulsion that could be transitioned to battery power as shore charging becomes available. The
Maersk orders 6 more methanol fueled box ships A.P. Moller - Maersk (Maersk) reports that it has ordered a further six large ocean-going vessels capable of operation on green methanol. With a nominal capacity of 17,000 TEU each, they will
Finland bans export of icebreaker to Russia Finnish broadcaster YLE reports that the Finnish Ministry for Foreign Affairs has denied Helsinki Shipyard an export license for an icebreaker on order for Russian mining firm Norilsk Nickel. Norilsk Nickel is
Lines and shippers clash over CBER extension As the European Commission considers renewing the Consortia Block Exemption Regulation (CBER) that enables current container shipping alliances to operate, liner operators and shippers are once again locking horns. The review is being done ahead of the existing CBER expiring on 25 April 2024. The World Shipping Council (WSC), representing liner operators, said in a statement on 4 October that the
MSC's new service directly connects Port Everglades with Far East Asia The 4,675 TEU container vessel MSC Rochelle called Port Everglades on 30 September, marking the connection of the major port in Florida with the Far East via a direct container service for the first time since 2011. The world's largest box line Mediterranean Shipping Company (MSC) launched its new Zephyr service this summer with direct weekly connections from northern China and South Korea to the
Sea-Intelligence reports 50% of congestion has been resolved With the continued gradual improvement in schedule reliability in August 2022 and the resultant improvement in vessel delays, the global fleet that was unavailable due to these delays dropped to 7.9%, according to the latest report by Danish shipping data analysis company, Sea-Intelligence, while the peak of 13.8% was in January 2022. "Keeping in mind the baseline unavailable capacity of 2% (as t
New frozen food warehouse to launch at Port of Antwerp-Bruges The JV Conti Seafrigo Antwerp (CSA) has acquired a concession on the Nieuwe Westweg, near the Bevrijdingsdok in the port of Antwerp. The joint venture between the Conti-Lines Group and Seafrigo will build a sustainable frozen food warehouse with space for more than 40,000 pallets on the approximately 6-hectare site. The concession will be the location for a brand new food logistics platform. Seaf
Mawani, Globe Group to build logistics park at Jeddah Islamic Port Saudi Ports Authority (Mawani) has signed a contract with Globe Group, Saudi Arabia's marine services provider, to develop a 135,000 m 2 integrated logistics park and re-export zone at Jeddah Islamic Port. The two parties aim to boost the competitive edge of the country's trade gateway and enable the national logistics industry. This partnership is part of Mawani's initiatives to set up world-cla
South African transport unions threaten strike action over pay dispute South Africa's United National Transport Union (UNTU) has served a 48-hour notice on the country's major terminal operator Transnet, indicating the union's intention to embark on strike action from 6 October at 00:01 am (local time). UNTU claims that Transnet has delayed salary negotiations for months and has still not made a "reasonable offer" to its employees. Transnet opened their salary negot
Maersk orders six 17,000 TEU methanol-fuelled vessels Maersk has ordered six additional container ships that can sail on green methanol, which will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approximately 17,000 TEU. These newbuildings are not expected to increase the Danish carrrier's container capacity but to replace existing vessels in the Maersk fleet. The six 17,000 TEU boxships are all to be delivered in 2025 and
Lithuania's KN declares purchase option on Höegh FSRU Lithuanian oil and LNG terminals operator Klaipedos Nafta (KN) has exercised its option to acquire the floating storage regasification unit (FSRU) from Norway's Höegh LNG. KN announced plans to acquire the 2014-built FSRU in February this year after exploring several options including a newbuild and a converted LNG carrier. The move was approved by KN's ...
MOL agrees LNG charter deal with new Sakhalin-2 operator Mitsui OSK Lines (MOL) has signed a charter contract with the new Russian operator of the Sakahlin-2 liquefied natural gas (LNG) project for the LNG carrier . The Japanese shipowner said it had struck a new long-term deal with recently launched Sakhalin Energy for the 147,200 cu m vessel in which it holds a 60% ...
UK drilling workers vote to strike over pay Over 300 UK offshore drilling and contract maintenance workers employed by Archer, Maersk, Transocean and Odfjell have backed a strike action, labor union Unite has confirmed. The industrial action, supported by 95% in a ballot turnout of 86%, comes after the workers rejected a 5% pay offer from the companies. The strike, starting October 20 ...
Sea/ acquires chartering platform Chinsay Digital shipping platform Sea/ has acquired Swedish freight contract management platform Chinsay. The acquisition will allow Sea/ to continue to build the intelligent marketplace for fixing freight and project the business towards its purpose of powering better decisions to enable sustainable shipping, the company said. The combination of the two companies is expected to enhance ...
Fortescue buys into hydrogen startup TES Australian mining company Fortescue Metals Group is investing €130m ($129m) in Belgian-based hydrogen startup Tree Energy Solutions (TES), a company that is developing a green energy hub in the German port of Wilhelmshaven. Under the agreement, Fortescue's green energy division, Fortescue Future Industries (FFI), will invest €30m to become a shareholder in Tree Energy Solutions ...
Nearly 800 animals die in bureaucratic spat between France and Algeria Calls are growing for the total ban of livestock carriers, with the latest horror story emerging of slaughtered animals in a botched shipment from Europe to Africa. Around 780 bulls were recently shipped back to France and emergency-killed after Algerian authorities refused to unload the animals due to incorrect health certificates and associated health risks. ...
Aker Solutions and Balfour Beatty form UK offshore wind partnership Norwegian engineering firm Aker Solutions and international infrastructure group Balfour Beatty have teamed up to deliver end-to-end design and construction solutions for the concrete floating and gravity-based UK offshore wind industry. The partnership will see the companies' complementary skills, resources and experience combined to offer a whole-life solution. Balfour Beatty has an extensive t
Maritime CEO Forum Singapore: A vain attempt to find a tanker sceptic Tanker sceptics were not just thin on the ground in the ballroom of the Fullerton Hotel last week, they were non-existent. In our ongoing coverage of the Maritime CEO Forum from Singapore, today's focus is on the high-level, bullish tanker panel. "If everything stays the same 2023 will be a fantastic year for tankers," stated ...
Dolphin Drilling firms up $96m semisub contract in Nigeria Øystein Stray Spetalen-backed semisub rig owner Dolphin Drilling has inked a firm 12-month contract with General Hydrocarbons Limited (GHL) in Nigeria for the 1974-built . The rig will commence operations during the fourth quarter of 2022 earning the company around $96m. GHL has the right to shorten the contract by up to six months. "Dolphin ...
Bureau Veritas issues detailed well-to-wake future fuels study Bureau Veritas (BV) has launched a detailed outlook on future maritime fuels in a new 85-page white paper, which calls for a well-to-wake (WtW) approach to assessing the climate impact and sustainability of alternative fuels. This is one of the key conclusions of the white paper, which evaluates alternative fuels such as methanol, LNG, biofuels, ...
Stena Bulk joins project to demonstrate end-to-end shipboard carbon capture at scale The Global Centre for Maritime Decarbonisation (GCMD), the Oil and Gas Climate Initiative (OGCI) and Stena Bulk today initiated the first stage of a two-year, three-phase project to demonstrate shipboard carbon capture at scale. Together with Alfa Laval, the American Bureau of Shipping, Deltamarin and TNO, the consortium will investigate onboard capture and storage, as ...
Alibaba-linked Transfar readies for its largest fleet expansion Singapore-registered, Alibaba-linked Transfar Shipping is gearing up for its most significant expansion to date. Transfar at the beginning of last week received the newbuilt 1,800 teu container vessel A Goryu from Yangzijiang Shipbuilding, a ship bound for the transpacific, a trade lane the carrier is ready to add much larger tonnage to in the coming ...
Spectre of structural overcapacity looms large over liners With a record orderbook looming, tonnage supply could outstrip vessel demand next year with analysts at Alphaliner warning this week that the liner shipping market could be headed towards structural overcapacity. Record boxship deliveries are forecast for 2023 and 2024. In absolute terms, today's 7m teu vessel orderbook has pushed past the former 6.6m teu ...
Trees for teus: CMA CGM's creative bid to get early container returns in the US Trees for teus is French liner CMA CGM's snappy new way to improve supply chain fluidity in a green fashion. The Rodolphe Saade-led firm has just unveiled its new TEUs to Trees Early Container Return Incentive Program, which will provide customers 2.5 tons of carbon credit per container in a program due to run through ...
British rotor sail manufacturer ties with COSCO's shipyard division Anemoi Marine Technologies, a UK provider of rotor sails, has reached an agreement with COSCO Shipping Heavy Industry (CHI), one of China's major shipbuilding organisations. CHI has nine yards capable of up to 7.5m dwt annual production across all major vessel segments and a significant global customer base. CHI customers will now have the option ...
Singapore to switch to electronic bunker delivery notes next year It's been a tough year for Singapore, the world's largest bunkering hub, fighting extreme price volatility as well as one of the worst off-spec scandals in more than a decade. Authorities are taking action. At this week's major bunkering conferemce, Sibcon, the Maritime and Port Authority of Singapore (MPA) has announced plans to start registering ...
Baltic Exchange amends tanker indices to reflect Europe's altered energy map Following many rounds of sanctions levelled against Russia, the Baltic Exchange has decided to suspend covering three tanker routes as well as changing the description of another Black Sea route. TD17 and TD24, dirty tanker indices which assess rates from Primorsk to Wilhelmshaven and the the Russian Far East to China respectively, will cease from ...
Maersk orders six more methanol-fuelled boxships Maersk has ordered a further six large ocean-going vessels that can sail on green methanol and has said prices for this new form of propulsion are coming down. The six vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approximately 17,000 teu and are set to replace existing capacity ...
Call to action moves thousands of containers from NY-NJ port On August 1, the Port of New York and New Jersey (PANYNJ) announced a new container imbalance tariff to help tackle the growing problem of empty containers. Ocean carriers would be required to remove 10% more empty containers than their import quarterly total or incur fees. The port authority then set a 30-day public comment period on ...
Port of Long Beach reports increased GHG emissions in 2021 The Port of Long Beach issued its 2021 emissions inventory report this week, presenting both good and bad news on its performance. The bad news is that record cargo volumes and the unusually high number of ocean-going vessels staying at anchor off the coast drove up greenhouse gas emissions by 22%
Sanctions-evading tankers switch from Iranian to Russian trade The involvement of a growing number of suspected sanction-busting vessels illustrates the difficulties of enforcement as further sanctions on Russia's...
TFG Marine calls for mandatory mass flow meters in bunkering hubs Currently there is still some opposition, partly due to costs factor, TFG Marine chief commercial officer Mark Russell said
European Court of Justice set to impact LNG shipping market Investments in future port capacity for handling fuel may be unviable if decision goes against European Commission, says lawyer
Hostage swap sees crewmen freed from Iran-held Greek tanker No sign of breakthrough in stalled negotiations between Greece and Iran over securing the release of two laden tankers anchored...
Sanctions fail to stem Russia's outbound seaborne trade Number of Russian vessels exporting goods to foreign trading partners has rebounded from the initial impact of sanctions and remain...
Russian oil price cap deal nears as focus widens to non-EU flags Greece, Cyprus and Malta have agreed a deal in principle despite widespread concerns that tanker owners will flag out to...
UK logistics firms look to consolidate in tough market The logistics sector remains highly fragmented. The challenges of the past few years are seeing more companies look towards greater...
LNG deals at $1m a day are possible, says Drewry Tight market set to continue into 2025, with newbuilding LNG carrier resales possibly reaching $270m amid slot shortage says maritime...
Boxship overcapacity rears its head again As night follows day, container lines overorder during the good times and repent on the downturn. With 7m teu heading...
West beats breakeven after no first-half pool claims Announcement comes after club undertook purge of entered tonnage last year, ruthlessly ditching loss-making vessel
Maersk boosts green methanol commitment with order for six additional vessels Maersk is so confident in the technology that it has 19 methanol-fuelled ships on order, with a plan to have...
Study holds out potential of bioLNG as a shipping fuel About 90% of costs come from production and distribution of bioLNG, which the study says can be ameliorated by regulation...
Green corridors 'will confirm the feasibility and scalability of alternative fuels' The introduction of new and alternative fuels will give rise to new suppliers and new business models, as will new...
Singapore minister backs LNG as a 'pragmatic transition fuel' Singapore is ready to supply liquefied natural gas bunkers
MPA outlines framework to supply biofuel in Singapore Singapore has supplied about 70,000 tonnes of biofuel across more than 40 biofuel bunkering operations using existing bunker tankers
PSA joins Silk Alliance intra-Asia fuel transition partnership Alliance is a cross-supply chain partnership dedicated to the development of a fleet-specific fuel transition strategy for containerships on the...
Decarbonisation centre launches shipboard carbon capture project The seven-member consortium will build and test a marine carbon capture system on board a Stena Bulk medium-range tanker to...
Sembcorp Marine seals $3.1bn Petrobras FPSO deal The complicated vessel will be deployed in the ultra-deepwater Buzios field is SembMarine's biggest-ever deal with Petrobras
Overhaul wades into insurance technology market Overhaul has joined a growing group of visibility providers aiming to connect real-time shipment data to cargo insurance solutions.
US truck shippers rethinking spot strategy: analysts More shippers are returning to the truckload spot market as rates drop, but experts say they're using that market more strategically than ever before to reduce transportation costs.
Ro/ro surge driving new investment by carriers Recovering automobile exports and demand for high and heavy cargo are driving a ro/ro resurgence and a spate of new ship orders.
LTL industry wrestles with next stage of technology development The less-than-truckload industry is reaching its technology inflection point, which it will need to capture rising demand from shippers seeking operators that are easy to do business with.
Maersk's green methanol orderbook hits 19 vessels Maersk has pledged to replace older tonnage only with green fuel-compliant ships, and with the latest order for six vessels the carrier has more than 300,000 TEU of dual-fuel capacity on its orderbook.
Crowley pulls the trigger on land purchase for Massachusetts offshore wind terminal Terminal set for completion in 2025 and will support projects providing power to over 1m homes
Georgiopoulos swoops on MR from Denmark's Dee4 Capital 2011-built vessel will become 20th tanker in fleet of company run by Peter Georgiopoulos and Leo Vrondissis
Capesize bulker market surges 13.8% in a day despite China's Golden Week FFA market slide indicates deeper decline for future spot rates
'Monumental step forward': Altera strikes deal to push through restructuring plan Bondholders and other unsecured creditors to come out with 13% of offshore shipowner, which is better than the original zero
Hoegh LNG to lose an FSRU as Lithuania's KN declares purchase option FSRU Independence to live up to its name as Baltic state moves to take control of its energy security
VLCC volumes at risk as Opec unveils production cuts It is expected the bloc's Middle Eastern members will bear the brunt of the cuts
Desperate charterers chase conros as car carrier supply runs short Owners of niche vessels 'have the last laugh' as car manufacturers and operators push up rates and asset values
Fresh round of Russia sanctions include long-awaited oil price cap Commission president Ursula von der Leyen hails deal to 'make the Kremlin pay' despite disquiet of maritime nations
Green Seas: Cargo owners aim to use their buying power for clean shipping fuels. Is it enough? Our sustainability newsletter talks to the COZEV coalition and member IKEA as they aim for all zero-carbon fuels by 2040, and to the environmental campaigners who want more
Eastern Pacific receives 'firm interest' despite upping car carrier price by $10m Idan Ofer company reportedly wants $60m for 2006-built ship, following $50m sale last month
Desperate charterers chase con-ros as car carrier supply runs short Owners of niche vessels 'have the last laugh' as car manufacturers and operators push up rates and asset values
Baltic Exchange suspends three tanker indices after EU's Russia oil ban UK exchange will no longer assess dirty and clean routes from Primorsk and Kozmino
Container ship scrapping hiatus ends with first demolition sale of 2022 Owners of older feeder container ships throw in the towel
MOL extends contract on LNG carrier with Russia's Sakhalin-2 project Vessel will continue working with new Russian operator of Far East liquefaction project
Mowinckels set to bow out of crude market for now Bergen stalwart J Ludwig Mowinckels Rederi is selling a suezmax it owns with compatriot Viken, but reports of a done deal are premature
Bio-LNG could scale up to supply 16% of marine fuel demand by 2030 New study from Sea-LNG says biomass produced fuel can cut CHG emission by 50% to 80% compared to marine diesel but methane leakage must be minimised
Clarksons backing a boost as Sea/'s Schroder targets tanker and bulker expansion Digital fixture platform is an open ecosystem for the whole industry, Danish boss explains
Rising rates slash number of VLCC newbuildings loading clean products Figures from BRS are good news for product tankers seeing less competition from bigger vessels
Fresh round of Russia sanctions likely to include long-awaited oil price cap Commission president Ursula von der Leyen hails deal to 'make the Kremlin pay' despite disquiet of maritime nations
Alberta renews fleet with single tanker order in Japan Order emerges amid persistently low newbuilding orderbook for tankers
Clarksons' Sea/ aiming for digital fixture dominance with Chinsay takeover UK platform's CEO Peter Schroder tells TradeWinds how expanded group can drive efficiency and decarbonisation for brokers, owners and charterers
Golden Ocean launches $100m buyback after share price slumps Timing is right to return cash to shareholders as long-term prospects appear bright, boss of John Fredriksen-controlled group says
Car carrier rates could hit $150,000 in 'stunning raging-bull' market VesselsValue's Daniel Nash says charter rises for panamax deals show no signs of slowing
Atlas Maritime and Euronav tipped for orders at reborn shipyard South Korea's nascent DH Shipbuilding, formerly known as Daehan Shipbuilding, poised to ink tanker newbuilding contracts worth $278m
AP Moller-Maersk inks $1.14bn deal for container ship sextet at Hyundai shipyard The latest deal lifts the total number of methanol-fuelled boxships newbuildings it has at Hyundai to 19
Helsinki Shipyard loses Russian icebreaker order after Finland refuses export licence Finnish shipbuilder had agreed a deal to build an LNG-powered ship for miner Norilsk Nickel
DEME buys bulker for conversion into fallpipe vessel Belgian owner sending ship to Singapore yard for work this month
Stena Bulk to test onboard carbon capture system on tanker Project with Singapore-based Global Centre for Maritime Decarbonisation targets at least a 30% capture rate on MR tanker
Petrobras takes FPSO spending in Singapore to almost $9bn with order at Sembcorp Marine Sembcorp Marine says order is the largest it has ever secured from the Brazilian oil major
Tidal wave of new container ships: 2023-24 deliveries to break record The number of newly constructed container ships set to hit the water will exceed any previous capacity additions.
Volkswagen to open new shipping hub in South Texas Automaker Volkswagen is opening a new shipping hub in South Texas to import more than 140,000 vehicles a year.
FedEx, pilots request federal mediation to resolve contract dispute FedEx Express and the union representing its pilots on Wednesday filed for federal mediation with the National Mediation Board to help unglue contract negotiations that...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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