Babcock signs key Polish frigate project contracts U.K.-based defense contractor Babcock International has secured two further contracts relating to Poland's Miecznik (Swordfish) frigate program. Earlier this year, Babcock was selected as the platform design provider and technology partner for
Ukraine grain exports grow, but Putin isn't happy with where they're going In the 40 days since July 22, when Russia and Ukraine signed a UN sponsored 120-day deal brokered by Turkey, 2.1 million tonnes of grain have been exported through the Ukrainian ports
VIDEO: Viking Mississippi river cruise ship makes its debut Viking River Cruises' much-anticipated Jones Act compliant river cruise ship Viking Mississippi is currently on its inaugural cruise and attracting much local media attention along the way. Floated out from Edison Chouest
Empty container problem intensifies, reports Sea-Intelligence Sea-Intelligence revisited its analysis of the eventual normalisation of supply chains and the potential impact on empty container flows. The underlying data for this model comes from the Flexport Ocean Timeliness Indicator (OTI) data, which measures the time it takes from when the cargo is ready at the exporter to the importer's delivery. "Pre-pandemic, the transportation time was 45 days on ave
DNV, Navis join forces to minimise risk of container accidents at sea DNV and Navis have announced a new joint solution to minimise the risk of container accidents at sea, combining DNV Anti-Roll Assist and Navis Mooring Monitor. "Container losses are rare, but the impact of those losses can be very significant - both in financial and reputational terms," said Arne Schulz-Heimbeck, senior principal engineer and programme development manager for container ships at D
SAFEEN Feeders joins CMA CGM in Southeast Asia service AD Ports Group's SAFEEN Feeders will collaborate with French ocean carrier CMA CGM Group in launching a new Southeast Asia service linking the ports of Singapore, Colombo and Chennai. SAFEEN Feeders' 2,034 TEU container ship SAFEEN Pioneer will join CMA CGM's Songa Tiger on the India East Coast Express 2 service, connecting the aforementioned ports. SAFEEN Feeders will market the service under th
Wallenius Wilhelmsen to use AI technology for voyage optimisation Wallenius Wilhelmsen is the first shipping company to adopt a fully Artificial Intelligence (AI)-based approach for voyage optimisation. This action concerns 65 ships, and is expected to contribute to reducing fuel consumption by up to 10%. "It is a significant step on our way towards zero emissions," said Geir Fagerheim, senior vice president of marine operations at Wallenius Wilhelmsen. It shou
Influencer Marketing Trends to Watch in 2022 Experts believe that in 2022, more than 72% will use influencer marketing to promote their products. This is real trend influencers ; further, it will only gain momentum. But what exactly are the features of new influencers marketing? What is it, how is it used, and what happens? Why and what kind of business needs influencer marketing? The major trends of influencer marketing are to improve sale
MSC re-routes its vessels passing by Sri Lanka to protect blue whales MSC aims to help protect blue whales and other cetaceans living and feeding in the waters off the coast of Sri Lanka by modifying navigation guidance in line with the advice of scientists in the maritime sector. The world's largest container shipping company began in mid-2022 to re-route its vessels passing by Sri Lanka, on a new course that is approximately 15 nautical miles to the south of the
Los Angeles port receives US$20 million grant to improve cargo flow The Port of Los Angeles (POLA) has received a US$20 million federal RAISE infrastructure grant for a critical road-railway grade separation project to facilitate faster cargo movement. The Californian port said the new roadway configuration will streamline truck access to an important container and chassis-access facility on the Port's Terminal Island, reducing traffic delays, truck dwell times a
Maersk inks agreement to open second warehouse in UAE Maersk Kanoo UAE signed an agreement with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, for its new warehousing and distribution (W&D) facility in Dubai. With its second warehousing & distribution (W&D) facility spread over 15,000m² at Dubai South, the Danish company strengthens its network in the United Arab Emirates (UAE). The 'Maersk
MSC aims to minimise container losses through DNV's Anti-Roll Assist system At the SMM trade fair in Hamburg, DNV and MSC signed a contract to apply the new DNV Anti-Roll Assist and ARCS (Anti-Roll for Containerships) system to 100 vessels of the Swiss/Italian liner operator. The new contract makes MSC the first company to install the application and implement a ship-specific tool to prevent container losses due to parametric or synchronous rolling. "At MSC the safety of
Port of Gothenburg to become first green e-fuel hub in Europe In collaboration with Stena Line, DFDS, Ørsted and Liquid Wind, the Gothenburg Port Authority aims to create the first electromethanol (e-fuels) hub in Europe. "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 lining up their green agendas towards a common goal that is working in the favor of
Yang Ming leases 6,000 reefer boxes Yang Ming Marine Transport Corp has leased 6,000 units of 40-ft high-cube PrimeLINE® reefers, of which 500 are equipped with Lynx Fleet devices, as part of a renewal programme for its refrigerated container fleet. This is the first order in 25 years from Carrier Transicold, increasing the Taiwanese company's reefer capacity. "Carrier Transicold and Yang Ming Line have a long-established relations
Konecranes delivers first Generation 6 Mobile Harbor Crane to Finnish port Oy Adolf Lahti Yxpila Ab (Adolf Lahti) and stevedoring company Oy M. Rauanheimo Ab (Rauanheimo) are now operating a new, eco-efficient Generation 6 Konecranes Gottwald Mobile Harbor Crane at the port of Röyttä
Monjasa adds to Middle East tanker fleet Denmark-based bunker supplier Monjasa has expanded its fleet with the acquisition of a 2009-built oil and chemical tanker for cargo and bunkering operations in the Arabian Gulf. The 9,600 dwt , formerly known as Trinity Erk, was picked up from Turkey's Safemar Shipping for an undisclosed price. VesselsValue estimates the ship as worth around $7m. ...
Germany's Freudenberg marks first marine methanol-powered fuel cell type approval Germany's Freudenberg e-Power Systems, part of the global Freudenberg Group, has achieved a significant milestone in the development of methanol-powered fuel cell systems for ships by receiving a type approval certificate from the international classification society RINA. Freudenberg e-Power Systems' approach to using methanol for marine applications combines highly efficient fuel reforming tech
Solstad Offshore wins another CSV charter Norwegian vessel owner Solstad Offshore has won a new contract for the 2002-built construction support vessel . The deal with an undisclosed value is in direct continuation of the present charter and is expected to keep the vessel fully utilised to the second quarter of 2025, with one optional year thereafter. Dutch surveyor Fugro chartered ...
Shipyard selected for the world's first zero-emission cruise ship Norwegian cruise venture Northern Xplorer has signed a letter of intent with Portuguese shipbuilder West Sea to construct what the company says will be the world's first zero-emission cruise ship. Under the deal, West Sea would build the 250-passenger vessel at its facility in Viana do Costello north of Porto, with expected delivery at the ...
Maersk Supply Service forms floating wind partnership with Stiesdal Denmark's Maersk Supply Service and Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to the fast-growing floating offshore wind sector. The two companies said they intend to create a comprehensive and integrated engineering, procurement, construction and installation (EPCI) solution for foundations and moorings. "This integrated approach will streamline the
Cape depression likened to 2008's plunge From peak to trough, the current downturn in the capesize index has been described by analysts at brokers Arrow as one of the sharpest since 2008, the year big bulkers went from six-digit territory to loss-making in the wake of the collapse of the bank, Lehman Brothers. Arrow said the record unwind in congestion has ...
Putin casts doubt over the longevity of the Black Sea Grain Initiative The future for Ukraine grain shipments out of the Black Sea has been cast into doubt with Russian president Vladimir Putin yesterday questioning the terms of the shipping deal his country struck with its foe in July. Signed in Istanbul in late July, the Black Sea Grain Initiative is meant to run for an initial ...
Global oil and gas exploration lease rounds drop to near all-time lows Oil and gas exploration is expected to drop this year with licensed blocks and total acreage next to all-time lows as the sector struggles to recover from the effects of the covid pandemic and the resulting oil market crash, a new analysis from energy intelligence firm Rystad suggests. Through August of this year, only 21 ...
Sulphur cap has resulted in a 77% drop in SOx emissions from ships: IMO With 115 days to go until the most significant global environmental regulations to hit shipping since the global sulphur cap - often referred to as IMO 2020 - the industry's governing body has shown the efficacy of its last big green ruling. Timed to coincide with yesterday's World Clean Air Day, the International Maritime Organization, ...
Lamprell firms up Moray West wind farm deal worth more than $200m UAE-based fabricator Lamprell has signed a contract worth more than $200m and received a full notice to proceed from Moray Offshore Windfarm (West) Limited. The base scope of work includes the construction of 60 wind turbine generator transition pieces and two transition pieces for Moray West's two offshore substations, as well as the shipping of ...
Odfjell Drilling semisub gets more work with Aker BP Norwegian energy services player Odfjell Drilling is eyeing at least $60m after operator Aker BP exercised an option for the 2019-built semisub rig . The option covers two additional firm wells with an estimated duration of approximately six months. Odfjell Drilling said the value of the contract is for the exercised wells, excluding any integrated ...
Oaktree offloads Hafnia stake Private equity firm Oaktree has sold nearly half of its shareholding in BW-controlled tanker giant Hafnia through an overnight book-building process. Oaktree used Fearnley Securities, Jefferies and Pareto Securities to handle the sale of 44.1m Hafnia shares, equivalent to 8.76% of the company's outstanding shares. Oaktree revealed this morning it had successfully offloaded this stake ...
Maersk Drilling seals $77m drillship contract extension with Shell Danish rig owner Maersk Drilling said that Shell had exercised an option to extend the contract of the 2014-built drillship for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig's current contract, with a firm duration of six months. The new deal is worth ...
CMA CGM sells final stake in Global Ship Lease CMA CGM has sold its last remaining stocks in New York-listed Global Ship Lease, a company it spun off 14 years ago. The Marseille liner sold 3.05m shares on August 5 for $54.5m, according to a filing with the US Securities and Exchange Commission (SEC). London-headquartered Global Ship Lease currently owns 65 containerships ranging from ...
MOL inks charter deal with ENN for three LNG carrier newbuilds Japan's Mitsui OSK Lines (MOL) has penned a long-term charter contract for three newbuilding liquefied natural gas (LNG) carriers with Singapore-based ENN LNG, a subsidiary of China's ENN Natural Gas. The ships will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and delivered by 2028 for LNG trades in China, where ENN supplies 10% of natural gas ...
Battery manufacturer and propulsion specialist join forces in bid to electrify shipping Canadian battery producer Shift Clean Energy (Shift) has joined forces with Norwegian propulsion system developer STADT in a bid to electrify global shipping. Brent Perry, CEO at Shift commented, "Partnerships like these are essential for the decarbonisation of the marine transport industry." Hallvard Slettevoll, CEO at STADT, added: "We are ecstatic to have formed this ...
Japanese make breakthroughs in ammonia ship race Japan is pressing ahead with its own ammonia carrier plans. Nippon Yusen Kaisha (NYK), Japan Engine Corporation, IHI Power Systems, and Nihon Shipyard has received approval in principle (AiP) from ClassNK for an ammonia-fueled ammonia gas carrier. At present, there are no international regulations for the use of ammonia as marine fuel. Therefore, the consortium ...
Empire Wind and Wildlife Conservation Society extend acoustic marine monitoring project in New York Bight Empire Wind and the Wildlife Conservation Society (WCS) have extended to 2028 their agreement to monitor large whales in the lease area of Empire Wind, an offshore wind project located in the New York Bight off the southern coast of Long Island. The acoustic monitoring agreement is between Empire Wind, a joint venture between Equinor and bp, ...
US Transportation Secretary announces $20m federal grant to Port of Los Angeles US Transportation Secretary Pete Buttigieg yesterday announced the award of a $20m federal RAISE infrastructure grant for a critical road-railway grade separation project at the Port of Los Angeles. Buttigieg said the funds, which
World Shipping Council says China-led decarbonisation plan 'won't work' Level of ambition is inadequate and benchmarking is not effective, according to executives
Navios Holdings profits in final quarter as a dry bulk owner Second-quarter earnings include results from 36-vessel dry bulk fleet that has since been sold to Navios Partners
ESG is label 'for things good owners already do' 'There are a lot of processes in place, a lot of policies and a lot of expertise within the club...
CMA CGM sells final stake in GSL Global Ship Lease was set up to provide CMA CGM with charter tonnage. After reducing its stake over several years...
LNG carrier rates gain as Europe and Asia compete for cargoes Number of LNG carriers available for spot market charter remains tight, further adding to pressure on rates ahead of winter
US container import slowdown expected to continue in second half US container volumes are unlikely to reach the high levels seen in the second half of 2021. But full-year imports...
Containership charter rates on the turn Average time charter periods are falling, while average one-year rates for some ship types have dropped by more than 20%...
MOL agrees three LNG carrier deal with China's ENN The carriers will be engaged mainly in the transport of liquefied natural gas, procured by ENN under long-term contracts, to...
MSC signs 100-vessel contract with DNV to cut container losses Integration with a vessel's other systems will enable master and crew to gain a clear picture of the risk, as...
Citic Leasing shipping head targeted by Beijing's anti-graft watchdog Heaped compliance pressure, including the restriction of using shipbrokers, is making it more difficult to pursue new deals, while the...
Samsung Heavy Industries forecasts 35 LNG carrier orders annually by 2030 SHI, which had the highest market share of LNG dual-fuel orders last year, is expecting an increase in dual-fuel carrier...
Ammonia-fuelled gas carrier projects receive approval in principle Ammonia is expected to be introduced most quickly to capable liquefied petroleum gas carriers, said Hyundai Heavy Industries chief technical...
Daily Briefing Carriers struggle with contract volume as spot market plunges | Lower box freight rates are first sign of normalisation |...
Shifl CEO sees GRI practices holding back global shipping from proactive future In a Q&A with FreightWaves, Shifl CEO Shabsie Levy says of current general rate increase global shipping practices: "It essentially incentivizes chaos and disruption but...
JD.com flies freighters with own pilots. Will Amazon Air follow? JD.com, the China-based mega e-commerce retailer, has begun operating its own cargo flights as part of its diversification into global logistics services.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
