Wärtsilä systems selected for dual-fuel LPG carrier duo Two 46,000 cubic meter LPG dual-fueled gas carriers ordered by Exmar LPG, a joint venture between Exmar and Seapeak, will have Wärtsilä cargo handling and LPG fuel supply systems. The vessels, which
Putin's oil exports capped at $60/barrel: Now what? There are interesting times ahead in the tanker market. From December 5, the European Union ban on imports of Russian oil will kick in, with a minor exception for Bulgaria, which has
GoodShipping and Port of Rotterdam start new campaign to reduce carbon emissions GoodShipping and Port of Rotterdam Authority have launched 'Switch to Zero' campaign to find some twenty sea freight shippers who will decide to participate in a new green fuel option. The aim of the campaign is to inform companies of a new 'insetting' concept so they can have part, or all of their sea freight transported via sustainable fuel. Insetting does not involve achieving carbon reduction
Ellerman City Liners intra-Europe service arrives at UK's PD Ports The first vessel on Ellerman City Liners' new Iberia North Europe Express (iNEX) direct service called PD Ports on 29 November. The dedicated express service connects Spain and Portugal with the United Kingdom and the Netherlands. Kristin Schepers, a vessel capable of carrying 800 containers, arrived at Teesport after a four-day sailing from Aveiro, Portugal to discharge containerised cargo for o
Ports of Stockholm names new CEO Ports of Stockholm has appointed Magdalena Bosson as the new chief executive officer (CEO) taking over her role from 1 January 2023, after the decision of Stockholms Hamn AB board of directors on 1 December. Bosson has many years of experience from her previous roles, which include transport department director at Stockholm City Council, CEO at Familjebostäder, deputy county governor of the Count
Maersk's Performance Team to open new cold chain facility in North Carolina Maersk-owned Performance Team has announced a new cold storage facility in Wilmington, North Carolina, which is expected to open in the third quarter of the next year. The new facility in the United States is planned to serve imports and exports. With North Carolina accounting for 10% of total US pork exports, the seventh largest in poultry production and the largest in sweet potato production, M
DP World, Americold partner on global food supply chain A new partnership between the global logistics company DP World and American temperature-controlled warehousing and transportation firm Americold aims to support the largest food companies in the world with a new standard in global distribution, "from farm to fork". The two parties signed a partnership agreement on 18 November, that will enable multi-million US dollar investment in a more resilie
Hupac upgrades European rail network European intermodal network operator Hupac has announced the launch of a new connection between Antwerp, Belgium and Duisburg, Germany. Starting from 12 December, the new train service between Antwerp Combinant terminal and two Duisburg terminals - DKT and DIT - will run three times per week and direction. According to Hupac, this line will be a new stable and reliable solution between Antwerp an
Gasum carries out first LNG delivery on CMA CGM's Containerships vessel The first delivery of liquefied natural gas (LNG) from the Scandinavian energy company Gasum to the 2021-built, 1,380 TEU vessel, Containership Borealis, off Bornholm, Denmark, marked the start of the collaboration between Gasum and CMA CGM's subsidiary Containerships. Containerships seems to be an early supporter and pioneer in the adoption of LNG as a marine fuel and Gasum aims to share the sam
SPICT receives two new STS cranes for Port of Lae South Pacific International Container Terminal (SPICT), a unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Lae, is now capable of handling larger boxships after receiving a pair of new ship-to-shore (STS) cranes, the largest port equipment in Papua New Guinea. Manufactured by Shanghai Zhenhua Heavy Industry Co. Ltd. and with a reach of up to 17 rows across, the new P
Wan Hai chairman made personal investment in online news platform The Chen family which founded Taiwanese liner operator Wan Hai Lines has been revealed as having invested in Tai Sounds, a news website launched by compatriot third-party logistics company Asia Pacific Logistics International. The move mirrors that of CMA CGM CEO Rudolphe Saade, who has taken a controlling stake in French newspaper La Provence and is part of a consortium to acquire a 48% stake in
Mundra Port container volumes regain pace after slowing trends New exclusive data collected by Container News points to a rebound in box volumes moving via Mundra Port, India's busiest cargo hub, in November. According to the latest figures, the four Adani Group-controlled Mundra terminals together handled 438,453 TEUs last month, versus 431,334 TEUs during October. The private harbour also includes a DP World concession, named Mundra International Container
STI crosses 1 million TEUs milestone in 2022 For the eleventh consecutive year, San Antonio Terminal Internacional in Valparaíso, Chile has achieved a container throughput of one million TEUs. The record was achieved during the 1,800 movements for the COSCO-operated motor vessel OOCL Ho Chi Minh City, which arrived on 29 November from Callao, Peru and docked at the port's site two. Rodrigo Galleguillos, CEO of STI, commented, "Reaching this
FMC publishes interim procedures for charge complaints The United States Federal Maritime Commission (FMC), an independent federal agency, announced its interim procedures to review, investigate, and adjudicate charge complaints. US shippers have responded positively to the new opportunity to challenge carrier charges by filing charge complaints at the FMC, which is established via the Ocean Shipping Reform Act of 2022. Since the law's enactment in J
German inland port introduces solution for automatic container detection The Port of Duisburg (duisport) and VITRONIC, an industrial image processing company, developed a "Rivergate" based on high-resolution 12K cameras in 15 months and successfully tested it on two cranes in the German port. This created a sustainable solution for digitally recording the ID of the container and comparing it with the loading list in just a few seconds and with a recognition rate of al
China Merchants lines up methanol-fuelled car carriers Shanghai-listed China Merchants Energy Shipping (CMES) has signed up for up to six methanol dual-fuel car carriers worth around $597m. The energy transport unit of China Merchants Group has inked a letter of intent with China Merchants Industry Holdings, one of the three leading shipbuilding groups in China, for two firm 9,000 ceu vessels for ...
Baze Technology: Improving crew welfare Baze Technology is in the business of developing solutions that support crew welfare, helping enhance and enrich the employment experience of those who work at sea. The Norwegian provider and developer of IPTV systems, led by Tor-Egil Tinderholt, has had a long relationship with many of the major companies in the shipping and offshore sectors, ...
Shell and Eneco select KBR for Dutch wind farm energy storage project US energy services giant KBR has won an engineering contract from CrossWind, a joint venture between Shell and Dutch utility Eneco, for an innovative offshore energy storage project. Under the contract, KBR will carry out a front-end engineering design of the baseload power hub for the Hollandse Kust (north) wind farm in the Dutch North ...
DeepOcean forges offshore environmental survey pact Norwegian offshore energy contractor DeepOcean has teamed up with fellow advisory and research firm Akvaplan-niva, a subsidiary of the Norwegian Institute for Water Research (NIVA), to utilise remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) to perform environmental studies for offshore wind and oil and gas developments. As part of the collaboration agreement, the ...
Ports of Stockholm appoints new CEO Magdalena Bosson has been appointed the new Ports of Stockholm chief executive officer. Bosson takes over the helm on January 1 with many years of experience from her previous roles, which include transport department director at Stockholm City Council, chief executive officer at Familjebostäder, deputy county governor of the County Administrative Board of Stockholm, Municipality ...
Oldendorff Carriers invests in BW-backed Alpha Ori Technologies German dry bulk owner Oldendorff Carriers has signed a deal that will see it invest in BW Group-backed Alpha Ori Technologies (AOT) a Singapore maritime technology firm set up by Rajesh Unni, the founder of shipmanager Synergy Group. With a diverse range of products that includes SMARTShipTM, SMARTVoyager, ShipPalmTM and VIO, AOT is transforming the ...
China Merchants in for more Dalian LNG carriers China Merchants Energy Shipping (CMES) has returned to Dalian Shipbuilding Industry (DSIC) for more liquefied natural gas (LNG) carriers. China Merchants Group's Shanghai-listed energy transport unit has approved the construction of two additional 175,000 cu m ships worth approximately $470m. CMES will, following this order, have ten units under construction at DSIC, with an option ...
Yinson agrees new Angola FPSO deal Malaysian floater operator Yinson has sealed an agreement with Azule Energy to start preliminary activities related to floating, production, storage and offloading (FPSO) unit for the Agogo Integrated West Hub development offshore Angola. The deal outlines both parties' interests in starting preliminary work in order to meet the project schedule while finalising firm contract(s) for ...
Trafigura seals $3bn Germany-backed loan for gas supply Commodity trading giant Trafigura has agreed a $3bn German government-backed loan for gas supplies. The loan, jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating banks, will support Trafigura to deliver "substantial volumes" of gas into the European gas grid, and ultimately into Germany, over the ...
Tankers in unknown territory as Russia bans start Today marks a potentially transformative one for the crude tanker sector with the European Union ban on the import of seaborne Russian crude oil coming into force as well as the start of the $60 price cap on Russian oil exports. The EU ban has one exception, Bulgaria, which has been given longer to comply, ...
France launches 2.5 GW offshore wind tender France has launched tenders for two bottom-fixed offshore wind farms that will have a total capacity of 2.5 GW. The first wind farm will be 35 km off Oléron island in the Atlantic with a capacity of about 1 GW, while the second project will take place 38 km off the coast of Normandy and ...
Rebel shareholders building up stake in DOF Rebel shareholders of Norwegian offshore vessel owner and operator DOF have bought more shares in the financially troubled company after its price crashed on forced reconstruction news on Friday. DOF said in a regulatory filing that Bjarte Brønmo had amassed around 17m shares in the company, corresponding to about 5.37% of the total outstanding shares ...
Dutch wind farm foundation to be removed after bulker collision damage A joint venture between Vattenfall, BASF and Allianz has invited contractors to place their bids for the removal of the Hollandse Kust Zuid offshore wind turbine foundation, which was damaged by a bulk carrier earlier this year. After drifting abandoned in the storm-ravaged North Sea, the 37,200 dwt caused "significant damage" to one of the ...
RWE expands Irish offshore wind footprint German utility RWE has expanded its offshore wind portfolio with the acquisition of Irish company Western Power Offshore Developments, which is in the early stages of developing the East Celtic project off the coast of Ireland. RWE is already developing the Dublin Array wind farm project in partnership with Saorgus Energy, off the coast of ...
Valencia to double box throughput with massive MSC investment The Spanish port of Valencia will get a fourth container terminal with Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Co (MSC), spending more than EUR1bn ($1.05bn) to develop the 5m teu facility to the north of existing box infrastructure. The new container terminal project will have a surface area of some 137 ha ...
Chinese car brands build shipping fleets China's automotive brands are getting into shipping at a time where car carrier rates have been hitting record highs and the nation has surpassed Germany to become the second-largest producer of cars in the world. BYD has ordered six 7,700 ceu ships for $710m at two yards controlled by China Merchants, while SAIC has a ...
German port now able to ID all containers coming on and off ships The Port of Duisburg (Duisport), the world's largest inland port, located near the confluence of Germany's Rhine and Ruhr rivers, has developed what it calls a Rivergate, through which the ID of each container being loaded on, or unloaded from, a vessel is digitally recorded and compared with the ship's loading list within seconds. The ...
Hess spends $750m on Guyana carbon credits Hess Corporation, which holds a 30% interest in the Stabroek Block offshore Guyana through its subsidiary Hess Guyana Exploration Ltd., has agreed to purchase a minimum of $750m of high-quality carbon credits from the Government of Guyana between 2022 and 2032. This agreement is intended to support Guyana's efforts to protect the country's 18m hectares ...
Leadership of change As someone who has always been a proponent of standardisation, the current state of affairs in maritime technology and solutions continues to be a source of weakness argues Frank Coles. You could argue that innovation through multiple start-ups, protocols, different GUIs, etc, should be helpful in the development of change and modernisation of the industry. ...
The Russian oil price cap - a shipping industry users' guide The $60 oil price cap - which comes on top of the EU import ban on Russian seaborne crude oil and...
The week in charts: Shipping disruptions mapped | Russia's crude transport challenge | Container spot freight rates keep tumbling At least 30 incidents this year have blocked or significantly restricted maritime traffic and logistics, average daily queues outside the...
Mykolaiv port theoretically ready to join Black Sea Grain Initiative Ukrainian officials have pushed for the inclusion of the port of Mykolaiv in the Black Sea Grain Initiative, but no...
EU and G7 states seek to resolve P&I stand-off with Türkiye P&I Clubs argue that meeting Turkish requirements on insurance cover would land them in breach of sanction regulations
Tanker rates to improve in a volatile 2023 Some analysts think the reshaping of trade flows following the ban of Russian crude will favour suezmaxes and very large...
The week in newbuildings: Alternative fuel vessels dominate ordering activity The containership and vehicle carrier sectors are leading the way in the drive towards alternative fuels, according to data tracked...
Asia Maritime Pacific and Hamburg Bulk Carriers to merge Definitive documentation has been signed, with the transaction subject to customary closing conditions, expected by January 2023
Diversity issues now prominent in battle for maritime talent Diversity Study Group sees signs of real progress in female representation at junior and middle levels, but says there is...
Spot VLCC rates plummet amid EU ban Output from the oil-producing cartel the Organisation of the Petroleum Exporting Countries has fallen. These production cuts are expected to...
Collision in tightly packed Istanbul anchorage Two general cargoships were damaged after colliding in one of Istanbul's busy anchorages
Seoul court orders GTT to alter licensing practices French LNG containment system designer was asked to separate its technology licence agreement from the technical assistance upon shipyards' request...
Singapore calls for expression of interest to develop green bunkering solutions Among the hydrogen carriers, ammonia is the most ready in terms of technological infrastructure and international supply chain availability
PSA Marine launches real-time port delivery alerts New digital system supports connectivity and transparency across maritime stakeholders
China Merchants unveils $600m methanol-fuel PCTC orders The company says it wants to 'seize the market opportunity and further expand its international PCTC business'
Taylor Maritime secures loan to fund Grindrod deal Taylor Maritime Investments says its proposed acquisition of Grindrod Shipping will go ahead after a majority of shareholders voted in favour...
China Merchants returns to Dalian Shipbuilding for more LNG carriers Deal will bring the number of liquefied natural gas tankers of this size ordered by China Merchants Energy Shipping at Dalian...
Daily Briefing Green rules must be more than a tax on shipping, says Toft | MSC chief says 2M alliance is safe...
GPA building new container berths at Ocean Terminal in Savannah The Ocean Terminal project is part of a larger strategy by the GPA to expand the footprint in Savannah to handle bigger vessels and more containers.
Meeting Europe's modal shift to rail will top $500 billion: study Moving a significant share of Europe's inland cargo from road to rail will be costly and challenging, but it is achievable through better utilization of door-to-door combined transport, a new report has found.
Major US freight brokers unveil appointment scheduling standards J.B. Hunt, Uber Freight, and Convoy are partnering to develop and drive broad industry adoption of a standard process for truckload appointment scheduling.
Trans-Pacific recovery could be more than a year away: analyst Declining freight volumes and spot rates at pre-pandemic levels indicate the trans-Pacific will experience a "hard landing" in the coming months, an industry analyst said.
Crude tankers see mixed fortunes on first day of embargo and price cap VLCC spot rates continue to fall on Monday, while aframaxes dip and suezmaxes rose
Ex-Vitol trader charged in US over Mexican bribery claims Manager is accused of involvement in kickbacks to officials in Ecuador and Mexico to win business for commodities trading giant
Special report: The Russian oil ban and what it means for shipping In a series of articles, Paul Peachey looks at the implications of Europe's ban on seaborne Russian oil for tankers and the shipping markets. Read all the articles by clicking the links below.
Stronger for longer: DNB tips Frontline dividends of nearly $2bn to 2024 Analysts backing tanker market to enjoy prolonged earnings boom as mega-merger with Euronav progresses
Group of US investors take big chunk of Solstad Offshore in OSV recovery Pointillist Capital and family trusts build their combined share to third place in the list of Oslo-listed company's owners
Seaspan seeks to avoid having to buy back $300m bond Bondholders meeting called to amend terms of issue in connection to $10.9bn privatisation deal
'All low-carbon' fuelling options now 'make sense', DNV consultant says Class society references European Union's decision to include shipping and methane in its Emissions Trading System in its monthly tally
Golden Ocean Group kicks off share buybacks with $2.4m repurchase Transactions first part of what the Fredriksen-backed bulker owner's $100m buyback plan
Oldendorff buys into Rajesh Unni's shipping tech outfit Alpha Ori German bulker giant taking a seat on the board of big-data decarbonisation operation
Russia's Krasnoye Sormovo in talks to renew cargo fleet of Belarus Shipbuilder discussing contracts for new river-sea ships
Top Ships launches new stock offers but warns of 'extreme volatility' Greek tanker owner pressing ahead with more fundraising amid big price fluctuations
FSRUs are new darlings of Europe - but can they deliver? Gas-hungry buyers will need to think about LNG supply, pipeline infrastructure, physical hook-up issues and future-proofing plans
Morgan Stanley sells Frontline holding days after revealing 5% stake US investment bank now retains only fractional slice after building position over past two months
South Korea's Seoul High Court upholds decision against France's GTT But French LNG carrier cargo containment system designer wins appeal against EUR9.5m fine
Golden Ocean Group kicks off share buybacks with $9.2m repurchase Transactions equate to just under 10% of what the Fredriksen-backed bulker owner has allocated in its buyback plan
Trafigura lands $3bn loan to keep LNG flowing into Germany Trader will draw on long-term US gas contracts to back government's energy plan
Russian tanker held in Greece for seven months discharges cargo in Syria TransMorFlot's Lana unloads in Banias, according to satellite tracking data
Turkish P&I spat threatens tanker gridlock on Bosphorus As new anti-Russia sanctions kick in, major P&I clubs refuse to provide Turkish authorities with blanket, prior guarantees for cargoes covered
Turkish P&I requirement threatens tanker congestion on Bosphorus P&I clubs are said to be refusing to provide a coverage letter demanded by Turkish authorities
Golar LNG launches reverse auction for $300m bond issue Holders invited to name their price but there is no guarantee shipowner will accept
Aeolos Management books nearly 70% profit on VLCC bought in 2018, say brokers Appetite for ships to serve sanctioned Russian old trades looks to be continuing despite recent talk of cooling interest
EU oil import ban in force as uncertainty hits tanker deals Disagreement rages between Ukraine and its allies as G7 nations agree $60-per-barrel price cap on Russian crude
Global shipping groups see EU emissions deal as 'OK' compromise amid hope for IMO action ICS wants global regulation while Bimco hopes EU will adapt to IMO. World Shipping Council calls for focus on life-cycle footprint of fuels
Hamburg Bulk and Asia Maritime Pacific merge into new handysize giant In another major handy consolidation move, Cetus Maritime will control a fleet of 65 handysize bulk carriers
China Merchants Energy ups LNG carrier tally at Dalian Shipbuilding Total LNG carrier orderbook at the Chinese shipyard tops $1.25bn
Illegal vessel boardings off Singapore spike in November Phillip Channel continues to be an area of concern, with incident levels reaching new high for 2022
Price of ship fuel falling even as Russia-Ukraine war rages on Declining ship fuel prices equate to savings for containerized cargo shippers and lower costs for tanker and bulker owners.
Georgia Ports Authority to shift breakbulk operations to Brunswick GPA will shift breakbulk cargo carried by Wallenius Wilhelmsen Ocean to the Port of Brunswick so that it can "optimize cargo movement" at both the ports at Brunswick and Savannah.
Air cargo market stuck in doldrums during normal busy season The peak season for air shipping failed to materialize this year, but realistically volumes and rates are just normalizing after a crazy two-year rush.
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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