Schulte Group unveils next gen LNG bunkering vessel design The Hamburg-headquartered Schulte Group has used the Gastech event in Milan to unveil a next generation design for an LNG bunkering vessel (LBV), The group has used its experience as an LNG
Company with core fleet of ex-Bouchard vessels marks hiring milestone Jones Act tug and barge operator Rose Cay Maritime (RCM) has announced its 100th hire, even before celebrating its first anniversary. The company is backed by Rose Cay, an investment company that
SMM: MAN launches new dual-fuel four-stroke engine It wouldn't be SMM without major engine announcements and this week MAN Energy Solutions used the Hamburg trade fair to introduce the latest addition to its four-stroke engine portfolio: the MAN 49/60DF.
Langh Ship orders three new 1,200 TEU boxships Finnish shipping company Langh Ship Oy Ab has ordered three new 1,200 TEU container feeder vessels. The ships will be built in China at the Paxocean shipyard and are expected to start being delivered in August 2024. After the delivery, the newbuildings will be deployed on the company's European services. Langh Ship said the design for the container ships was developed by the company itself in col
ICTSI Subic to enhance productivity with new equipment ICTSI's Subic Bay International Terminals (SBITC) will deploy four additional rubber-tired gantries (RTG) to strengthen its onshore operations and improve overall productivity, supporting the growth prospects of Northern and Central Luzon in the Philippines. The RTGs are expected to be delivered in the last week of September and will augment the terminal's existing fleet of six to enable faster t
Yang Ming denies conflict caused two directors' departure Yang Ming Marine Transport has issued a statement to refute media speculation that the departure of two independent directors on 2 September was due to slow and inefficient decision-making that caused the Taiwanese liner operator to miss out on opportunities to expand its fleet when freight rates were at all-time highs in the past year. Controversy arose after the two directors, Wang Tze-chun and
Global Ports and FEDC to upgrade VSC box terminal Global Ports Group, operator of specialised port terminals in Russia, and the Corporation for the Development of the Far East and the Arctic (FEDC) have agreed to cooperate to enhance Vostochnaya Stevedoring Company (VSC), part of Global Ports, implementing the expansion project for the container terminal in Primorsky District port area. As part of the agreement, Global Ports intends to invest at
Port of Long Beach Community Grants Program gives more than US$2.7 million A community orchard in Paramount, carbon-capturing landscaping at Long Beach parks, and several solar power projects were among the projects awarded more than US$2.7 million in funding from the Port of Long Beach Community Grants Program in 2021, according to a port's statement. "We are proud to have the nation's largest seaport environmental mitigation effort, the Port of Long Beach Community Gr
Reach Subsea eyes Brazilian sector as it bags $20m worth of new contracts Oslo-listed Reach Subsea has recently signed contracts worth over NOK200m ($20m), including an important strategic contract in the Brazilian market signed on Wednesday. The Norwegian subsea services player said the contract is the first result of a strategic partnership with an undisclosed Brazilian offshore player. The assignment in Brazil is for the main season of ...
MSC moves to reduce risk of container loss Mediterranean Shipping Company (MSC) has signed a contract with Norwegian classification society DNV to implement the new Anti-Roll Assist system and ARCS (Anti-Roll for Containerships) class notation on about 100 ships. The deal, signed at SMM, the world's largest shipping exhibition held in Hamburg, will see the Swiss-headquartered liner giant become the first company to ...
Gunvor taps McDermott for Rotterdam green hydrogen terminal FEED Swiss-based commodity trading giant Gunvor has contracted Houston-headquartered McDermott International and its storage business, CB&I, for a front-end engineering design (FEED) of a green hydrogen import terminal in Rotterdam. The Gunvor site in Europoort has been earmarked to receive green ammonia, produced from renewable energy sources, for large-scale green hydrogen production, which will be
Schulte Group showcases LNG bunker vessel design Germany's Schulte Group has unveiled its next-generation design for an LNG bunker vessel that is said to meet current and known future requirements for at-sea LNG bunker deliveries and reduces last-mile costs. Presented at Gastech Exhibition and Conference in Milan, the vessel design eliminates the need for fenders and spacer pontoons, which require time and ...
NYK fixes LNG carrier to Osaka Gas Nippon Yusen Kaisha (NYK) has secured a multi-year time charter deal for a new liquefied natural gas (LNG) carrier. The Japanese shipping giant has fixed the 2022-built to Osaka Gas International Transport, a subsidiary of Daigas Group. The 174,000 cu m vessel, built by Hyundai Samho Heavy Industries, comes equipped with a WinGD dual-fuel slow-speed ...
MAN reveals new dual-fuel engine at SMM MAN Energy Solutions has introduced the latest addition to its four-stroke engine portfolio, the dual-fuel engine capable of running on LNG, diesel and HFO as well as a number of more sustainable fuels including biofuel blends and synthetic natural gas. The MAN 49/60DF engine type is already available for order and is based on the ...
China spearheads first-half global offshore wind growth Around 6.8 GW of offshore wind capacity went into operation during the first six months of 2022, compared to some 1.6 GW same time last year, according to the industry advocacy group World Forum Offshore Wind. The growth was mainly driven by China, which installed 5.1 GW of new offshore wind capacity during this period, ...
BCOs in renegotiation mode as rates slide With freight rates in free-fall shippers are busy renegotiating their contracts with containerlines, who are facing up to the reality that the liner party is fizzling out. The Shanghai Containerised Freight Index (SCFI) spot box freight rate index stood at 2,848 points on Friday, down 10% week-on-week but remain still more than three times the ...
Mystery surrounds this week's big Frontline share play US investment bank Goldman Sachs has emerged as a new major shareholder in John Fredriksen's tanker firm Frontline. In a filing made to the Oslo stock exchange on Wednesday, Frontline revealed that Goldman Sachs holds a 5.43% stake in the company. The Frontline holding would make Goldman Sachs the second-largest investor, with Norwegian pension fund ...
Scorpio Tankers exercises purchase options on another eight ships Scorpio Tankers has exercised purchase options on eight ships, taking two handymax product tankers, the STI Battersea and STI Wembley, as well as four MR product tankers, the STI Ville, STI Texas City, STI Meraux and STI Brooklyn, and two LR2 product tankers, the STI Rose and STI Rambla. These vessels were sold and leased ...
Italy's RifLine buys first vessel Italian forwarder turned ocean carrier RifLine is widely tipped by brokers and Alphaliner to have bought its first owned vessel. RifLine is one of a host of European forwarders to have entered the container shipping space during the supply chain chaos of the pandemic. It made its debut in the summer of 2021, chartering tonnage ...
Turkish chemical tanker owner tipped to have made first boxship foray Brokers suggest a Turkish chemical tanker owner has moved into the container trades. Istanbul-based Akar Shipping, which to date has focused on chemical tankers, is widely tipped to be the buyer of Oslo-based Atlantica Shipping's 1,696 teu boxship, paying somewhere in the region of $22m for the 18-year-old vessel, which is currently on charter to ...
Gothenburg port sets 2025 date for Europe's first electromethanol hub Gothenburg Port Authority is collaborating with Stena Line, DFDS, Ørsted and Liquid Wind to establish Europe's first electromethanol (e-fuels) hub with a planned launch date of 2025. "We are very pleased to have been able to get to this point. This is a prime example of companies committed to the decarbonisation of the shipping industry ...
Canada aids FSO Safer salvage fund Canada has chipped in with C$2.5m ($1.9m) to add to the urgently needed funds sought by the United Nations to to support the urgent international salvage operation of the FSO off Yemen, a decaying tanker carrying 1.1m barrels of crude, which risks breaking up creating one of the worst environmental disasters recorded in the Red ...
Transocean secures $181m in US Gulf drillship contracts New York-listed Transocean has won two new contracts in the US Gulf of Mexico worth $181m for the 2014-built ultra-deepwater drillship, . The first $20m deal is a one-well campaign with Murphy Oil at $395,000 per day. The contract should start late this fall and includes an option for a second well at the same ...
Gibraltar readies to reopen port nine days after bulker collision Gibraltar authorities are readying to reopen the enclave's port today, having yesterday dialled back the severity of the crisis surrounding the wrecked bulk carrier, . The majority of the fuel from the ship, which has been lying off the Gibraltar coastline for the last nine days, has been siphoned off. The ship collided with an ...
Evalend in for duel-fuel VLGCs In the gas sector, Greece's Evalend has inked a deal with Korea Shipbuilding & Offshore Engineering, the parent of Hyundai Heavy Industries and Hyundai Mipo in South Korea, for three firm plus two optional 88,000 cu m dual-fuelled VLGCs, which can carry liquefied ammonia gas and can transit the old Panama Canal locks. The 88,000 ...
Wyoming federal judge says Biden administration's delay of oil and gas leasing was not illegal A judge from the US District Court in Wyoming has declared President Biden's 2021 moratorium on oil and gas leasing on federal lands and waters legal. He ruled that the government does have the authority to pause leasing to allow for the proper consideration of potential environmental impacts from drilling. Western Energy Alliance, the Petroleum ...
Five New England states eye offshore wind projects The US states of Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island have jointly issued a request for information (RFI) to solicit comments from stakeholders, electric transmission industry representatives, offshore wind developers and others regarding changes and upgrades to th
Haifa port's $1.2bn privatisation deal turns to concern Consortium has asked the Israeli Ministry of Finance to delay payment of $1.18bn. The request comes only weeks after a...
MSC adds further secondhand tonnage World's largest boxship operator continues to mop up secondhand vessels as Norwegian non-operating owner sells 14-year-old panamax duo to MSC
Lower box freight rates are first sign of normalisation Freight rates are falling back rapidly and forward indicators are that congestion is easing. Lower demand levels could accelerate a...
Grain corridor is 'deceiving' developing world, says Putin Around 100 vessels have departed Ukraine's export hubs since the Black Sea grain initiative became operational in early August. Russian...
Wallenius Wilhelmsen looks to AI to cut vessel emissions Vehicle carrier operator expects 10% cuts in fuel consumption and is aiming for an overall 27.5% reduction in emissions by...
US Gulf and east coast congestion worsens Nearly 100 boxships are anchored outside key ports on the US Gulf and east coast, an increase of more than...
Ports have important role in decarbonisation drive By reducing their own emissions, ports can work towards reducing emissions in the whole supply chain
SAL Heavy Lift confirms four-ship newbuilding order Dual-fuel newbuildings will be able to run on green methanol and have been ordered in partnership with Jumbo Shipping of...
Carriers struggle with contract volume as spot market plunges The move underlines a reality that forming binding freight agreements remains a tall order for the still highly volatile container...
South Korean shipyards get newbuilding orders for 11 LNG carriers New contract makes up 45.4% of the total newbuilding orders received this year, DSME said
Gibraltar port prepares to reopen after collision Most of the low-sulphur fuel oil, diesel and lube oil have been removed from the bulker which was in collision...
Daily Briefing Greeks shipping half of Russian crude | Signs of life for moribund ship recycling market | DNV forecast targets diversity...
Cruel summer for container, dry bulk stocks as sun shines on tankers Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.
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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