Serco selects Thrustmaster propulsion system for DARPA unmanned ship project The revolutionary new medium unmanned surface vessel (MUSV) that Herndon, Va., headquartered Serco Inc. is to deliver to the Defense Advanced Research Projects Agency (DARPA) under a recent contract will have a
Update on historically low river conditions As the historically low water situation on America's inland rivers continue to impact river shipping and farmers, dredging operations are underway to help combat the deteriorating river conditions. The Ohio River closed
Hamburg's 3 new plug-in hybrid ferries will be hydrogen fuel cell ready Three plug-in hybrid ferries on order for Hamburg ferry operator HADAG will be prepared for later integration of hydrogen fuel cells, allowing for future zero-emissions operation. On order at the SET (Schiffbau-
Shell to trial fuel cell in LNG carrier Under a consortium agreement signed in Seoul today, Hyundai Heavy Industries Group will install a 600 kW high-efficiency solid oxide fuel cell (SOFC) for power generation on a 174,000 cubic-meter LNG carrier
APM Terminals appoints new head of strategy and transformation APM Terminals has announced the appointment of Charlotte Guillaummie as head of strategy and transformation. In her new role, she will be based in the Hague, the Netherlands, and will report to Keith Svendsen, APM Terminals CEO. Charlotte Guillaumie, head of strategy and transformation of APM Terminals. Charlotte Guillaumie is a French citizen who has lived and worked in France, Switzerland and t
Svitzer creates new role of head of transformation Maersk-owned towage provider Svitzer has appointed Sabrina Weymiens to the newly created role of head of transformation. Svitzer expects Weymiens to assist in the company's decarbonisation process and enhance customer service. "Sabrina has been appointed to spearhead Svitzer's transformation journey and keep the company on track as it tackles decarbonisation and delivers superior customer service
APSEZ gets green light for Gangavaram port takeover Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest ports and logistics company and part of Adani Group, has received approvals from NCLT Ahmedabad and NCLT Hyderabad for acquiring the remaining 58.1% stake in Gangavaram Port Limited (GPL). With this stake purchase, GPL will become a 100% subsidiary of APSEZ, whose CEO and director, Karan Adani said, "Acquisition of GPL is a key mi
Port of Liverpool workers set for further strikes as pay dispute remains British trade union Unite is to begin a second wave of strike action at the Port of Liverpool from 11 October (today) to Monday 17 October. The port operator Peel Ports said the union rejected an average increase of 10.2% in basic pay. Port of Liverpool management highlighted "the offer is 2% higher than the UK's key measure of inflation (CPIH) of 8.2% at the time of pay anniversary negotiations
MSC strenghtens intra-Asia network Mediterranean Shipping Company (MSC) has announced alterations in its intra-Asia service network, which will include new products and upgraded services that will come into effect by the next month. As part of this latest revamp of the network, MSC has announced the launch of a new service, named Dolphin, which will offer connection from China to Indonesia and between Indonesia, Thailand, Vietnam
MSC boxship stalls in Turkey MSC's container vessel suffered engine failure while it was sailing off Turkey on 10 October. The 2,503 TEU MSC Malena was heading to Italy from Tekirdag, Turkey when it encountered problems off Canakkale around 11 am Turkish time, said Turkey's General Directorate of Coastal Safety on its social media account. The ship captain sought help from Dardanelles Strait Vessel Traffic Service, and two t
MSC mega container vessel calls in Vietnam MSC selected Cai Mep International Terminal (CMIT) to handle its largest boxship ever to call Vietnam, named MSC Ditte, which has a container capacity of 19,224 TEUs. The mega container vessel is operated on 2M Alliance's Pearl service, connecting Vietnam with the US West Coast. With average crane productivity of nearly 32 containers/hour/crane and 23-row outreach, CMIT, APM Terminal's joint vent
CMA CGM joins €2 billion hydrogen infrastructure fund French shipping company CMA CGM Group is a new investor in €2 billion (US$1.95 billion) clean hydrogen infrastructure fund. Hy24, the joint-venture between FiveT Hydrogen, the clean hydrogen-enabling investment partner, and Ardian, a private investment house, has announced the closing of its first impact Fund at €2 billion of allocations. The €2 billion Fund capital aims to be committed within th
Moving Overseas? Here Are Some Important Reminders and Tips On How to Make it All Go According to Plan If you're on the cusp of a move overseas, this is an exciting time! But it's a stressful one, too, and it may feel as if the list of things to do and get sorted out is insurmountable. With proper planning, an overseas move can go more smoothly than you think. Use these tips and hacks to get started with the process so that when the big day arrives, it's as hassle-free as possible. Ensure Your Imp
Global supply chain pressures ease as spot rates and indices dip The Global Supply Chain Pressure Index (GSCPI) reported a level of 1.05, for September 2022, which is a mere quarter of the peak reported in December 2021, suggesting that things, at least in terms of supply chain disruption, have gotten better. The level is akin to the one reported in Nov-Dec 2020. While select ports such as Houston, have been seeing high levels of congestion (about five to six
FMC proposes new demurrage and detention billing requirements The US Federal Maritime Commission (FMC) is proposing a new rule that seeks to bring more clarity, structure, and punctuality to the demurrage and detention billing practices of vessel operating common carriers (VOCCs), non-vessel-operating common carriers (NVOCCs), and marine terminal
Petrobras kicks off hunt for 20 PSVs Petrobras has launched a public tender for the contracting of up to 20 offshore support vessels, confirming Brazil's tonnage demand to accommodate its ambitious growth plans. The state-controlled oil giant is in the market for platform supply vessels ranging from 3,000 dwt to 4,500 dwt, as well as larger multipurpose PSVs. Petrobras said up to ...
Odfjell Drilling and CIMC semisub gets more work with Neptune Energy Oslo-listed semisub player Odfjell Drilling has agreed a two-well contract extension with Neptune Energy for the rig. The 2019-built rig, owned by CIMC Raffles Offshore, will start the contract in Norway in the third quarter of 2023, with the campaign estimated to take about 60 days. The unit has been operating for Neptune Energy since ...
Dagfinn Lunde: Why I am an optimist Ahead of his turn at the Monaco Maritime CEO Forum today, our ship finance columnist runs the rule over the still buoyant shipping markets. Banks are very much back into shipping, and my guess is they will be for the following few years as markets are good - the ClarkSea Index still at more than ...
Sunny prospects for shipping on the Côte d'Azur Ahead of today's Maritime CEO Forum taking place at the Monaco Yacht Club, Splash assesses the state of the Monagesque maritime cluster. Of the five hubs covered in Splash's Mediterranean Hubs magazine none has a leader who is more passionate about the ocean than Prince Albert II of Monaco. In charge of the tax haven ...
Saverys family splashes more cash on Euronav shares The Saverys family's Compagnie Maritime Belge (CMB) has further increased its stake in Euronav, intensifying the battle with Norwegian magnate John Fredriksen for control of the tanker giant and its merger with Frontline. Between July and October 10, the Saverys' purchased around 2.8m shares in Euronav for $44m, taking their stake in the Antwerp-based owner ...
Maritime CEO Issue Three 2022 After a three-year covid-induced hiatus the Maritime CEO Forums are back. In this special issue of the magazine, reporters bring the key messages from the Maritime CEO Forum, which took place at the Fullerton Hotel in Singapore on September 29 with panels focusing on connectivity, shipmanagement, decarbonisation, tankers and dry bulk. Normal markets coverage and ...
Maersk subsidiaries bring in transformation executive roles A.P. Moller-Maersk subsidiaries APM Terminals and Svitzer have made key execute appointments to strengthen their focus on business transformation. Charlotte Guillaumie has joined Maersk's terminals business from Philips, where she was responsible for the global delivery of strategic initiatives that have helped Philips transition from a conglomerate to a health technology-focused company. "Delive
Developers in line for 135 GW of offshore wind capacity Offshore wind sector is set for soaring growth with 135 GW of new capacity on offer to developers equivalent to nearly two-and-a-half times today's 55 GW market. Energy market research and consultancy firm Westwood said the boost comes from new market expansion with over 20 GW of leases up for grabs in countries that have ...
New partnership formed to electrify inland shipping Lithuanian ship designer Western Baltic Engineering (WBE), a subsidiary of Western Shipyard in Klaipeda, is accelerating the development of its recently unveiled electric pusher vessel with the signing of a new partnership with rapidly expanding Andorra-based battery maker AYK Energy. WBE said the deal with AYK Energy will see the companies collaborate on building the ...
CMA CGM comes onboard €2bn clean hydrogen infrastructure fund French carrier CMA CGM has joined what is said to be the world's first and largest infrastructure fund to invest exclusively in the entire clean hydrogen value chain. Fund manager Hy24 Partners, a joint venture between clean hydrogen investment firm FiveT Hydrogen and European private equity firm Ardian, has closed €2bn ($1.94bn) of allocations with ...
Shell and Hyundai Heavy partner on pioneering fuel cell project Korean shipyards believe fuel cells offer shipping a path to decarbonisation. Hyundai Heavy Industries has followed the lead taken by compatriot Samsung Heavy Industries in investing serious sums in fuel cell research and development, announcing today a consortium agreement to demonstrate fuel cells for ships with Shell, Doosan Fuel Cell, HyAxiom, and DNV. According to ...
MSC's orderbook breaks multiple records With Yangzijiang Shipbuilding recently confirming Mediterranean Shipping Co (MSC) has ordered a dozen LNG dual-fuelled 16,000 teu ships, the orderbook at the world's largest carrier now stands just shy of 2m teu, a figure so large that analysts are struggling to find the right scale of charts to highlight this extraordinary expansion. MSC has taken ...
Boskalis to delist from Euronext Amsterdam early next month Dutch dredging and marine engineering firm Boskalis will delist from Euronext Amsterdam next month following its takeover by investment company HAL Holding. HAL, which has been a shareholder of Boskalis since 1989, launched a takeover in March at €32.5 per share, a premium of 28% on Boskalis' closing price on March 9. The offer was ...
Shelf Drilling adds $236m with fresh five-year jackup deal Oslo-listed Shelf Drilling has secured a five-year contract for the recently acquired jackup rig for operations in the Arabian Gulf. The Dubai-headquartered jackup rig operator said the contract, including mobilisation, was worth around $236m with an additional two-year option attached. The 2008-built rig, formerly known as Deep Driller 7, will start operations in late March ...
Mississippi River gridlock improves but forecasts indicate likelihood of ongoing drought Monday brought some relief to the Mississippi River gridlock that on the weekend saw more than 2,000 barges backed up. According to the US Coast Guard, that number had dropped yesterday to 22 vessels and 392 barges. Efforts by the Coast Guard and the US Army Corps of Engineers to refloat grounded vessels and to dredge ...
H-Line back in Guangzhou for more car carriers H-Line has eschewed ordering on home soil for its latest fleet expansion. Multiple broking reports list the Korean outfit ordering three 8,500 ceu car carriers at Guangzhou Shipyard International (GSI) in southern China. The LNG-powered vessels will go on time charter to Hyundai Glovis when they deliver in late 2024 and through 2025. The reported ...
Port of Antwerp-Bruges kicks off large expansion Port of Antwerp-Bruges and PSA Antwerp will spend around $330m upgrading the Europa Terminal over the next nine years to add significant capacity to Belgium's largest port. The depth of vessels that can moor at the new 1,200 m quayside will be increased from 13.5 m to 16 m, allowing larger ships to call. The ...
Another near-miss incident on the Hibernia platform off Canada's east coast A near-miss incident on the Hibernia offshore platform last week is being investigated by Hibernia Management and Development Company Ltd. (HMDC), operator of the oil platform. The investigation is being monitored by regulator the Canada-Newfoundland and Labrador Offshore Petroleum Board
Sovcomflot swaps to Russian bonds as sanctions force long-term strategy shift Having sold off 30 vessels in the wake of sanctions, Sovcomflot's remaining fleet has made over 50% fewer port calls...
Capesize futures point to bleak outlook A heavy sell-off in the forward curve was seen at the start of the week, mainly on weaker sentiment related...
P&I hasn't turned corner yet, West warns 'We are by no means thinking everything's fine and we can all go off and enjoy ourselves. It is a...
Contships buys four Lomar boxships Contships aims to renew fleet through secondhand acquisitions, not new orders, says founder
Boxship charter rates continue to fall Charter rates for containerships are continuing to drop due to an oversupply of open tonnage coming on to the market
Air lubrication tech demand doubles Silverstream Technologies is adding strategic agreements with shipyards as net power savings of between 5% and 8% raise ship owner...
Liverpool workers strike again under shadow of redundancies UK port workers start another week of industrial action. Port management say union demand is twice the rate of inflation
Boxships head for retrofits as congestion eases Owners are taking the opportunity to catch up with maintenance and scrubber retrofits
Singapore institute awards grants for maritime R&D projects Institute commits $15.3m to back two centres of excellence at Singapore
KSOE and Shell in fuel cell demonstration project Shell will operate and manage the trial vessel, Doosan Fuel Cell and Hiexium will develop and supply fuel cells, while...
DSME gets $2m donation from Angelicoussis Group Donation was made in memory of former group chairman John Angelicoussis, who considered the shipbuilding group 'the most reliable partner'
Cosco sees strong earnings for box shipping business Declining freight rates and a glut of vessel capacity continue to overshadow the prospects of the company that controls the...
Cyprus shipping summit puts focus on crises, challenges and competitiveness Measures should take account of maritime practice and avoid causing collateral damage to the industry
US inventories stocked ahead of expected drop in imports Lloyd's List Intelligence data suggests that vessel backlogs are easing in most key ports on the east and US Gulf...
Daily Briefing Future fuels are 'fiction,' says Greek shipowner Procopiou | Cyprus seeks closure of oil price cap loopholes to keep maritime...
International logistics providers targeting US trucking US shippers should expect more international acquisitions of domestic US trucking operations as logistics companies work to provide more end-to-end services and visibility.
Congestion easing at BNSF St. Louis, Fort Worth terminals BNSF Railway has lowered container backlogs at two inland rail ramps as regional chassis shortages ease, allowing shippers to pick up freight more quickly.
MPV/HL charter rates falling faster than expected: analysts Despite softening daily charter rates, the multipurpose and heavy-lift (MPV/HL) sector remains optimistic thanks to a growing renewable energy market and near-static fleet capacity.
Liverpool port workers begin second pay strike as talks stall Port operations in Liverpool continue to be heavily disrupted by escalating strike action, with no signs either party is willing to compromise in an increasingly bitter pay dispute.
Barstow intermodal project could transform Southern California intermodal picture BNSF's newly announced Barstow International Gateway, with a rail yard, an intermodal terminal, and transload warehouses in Barstow, Calif., has the potential to transform California intermodal traffic with improved throughput and velocity, lower costs, and a reduced environmental impact.
Capesize bulker futures bounce back from red day in dry bulk FFA market Spot rates for small and midsize dry bulk ships moved little on Tuesday
Semiramis Paliou: Sustainability is not a choice. It's a 'one-way road' The pressure is on for shipping to focus on ESG, which will require openness and collaboration, says Diana Shipping chief executive
Fairfield Chemical Carriers exercises options for LNG-fuelled newbuildings Connecticut tanker owner has options for two more vessels at Japanese shipyard
Saverys' CMB grabs more shares as tug of war for Euronav continues Belgian shipowning family's holding hits 43.7m shares as they seek to put directors on the tanker owner's board
Chinese refiners on hunt for crude before Opec+ cuts bite Analysts report opportunities for product tankers from Chinese quota moves
Forty-year-old ferry cuts fuel use with new propeller blades Berg Propulsion fits new blades to 1983-built Stena Danica that it says could be developed for any vessel's existing propeller hub
BP Shipping posts $160m loss during tanker market slump Private shipping arm of UK energy giant struggled with a weak tanker sector in 2021
The container ship party is ending, but not MSC's buying spree Leading liner operator snares more secondhand tonnage despite falling markets
'Stability and flexibility': BSM celebrates 50 years of third-party management Guests gathered in Cyprus as Heinrich Schulte looked back on past half-century
CMA CGM on board as Hy24 closes world's biggest clean hydrogen fund at €2bn Cash will go towards infrastructure development by scaling up proven technologies
BP Shipping reveals cumulative loss of $1.4bn for slimmed down fleet Private shipping arm of UK energy giant struggled with a weak tanker sector in 2021
China Merchants Heavy Industry-Jiangsu gears up to build LNG carriers Another Chinese shipbuilder signs a licence agreement with French membrane-type cargo containment designer GTT
TMS Cardiff named as owner behind LNG carrier order at Hyundai Samho Has Greek owner snatched one of remaining few 2026 berth slots?
Atlantic Bulk Carriers reaches for methanol as future fuel Owners can no longer sit on the fence and must start making propulsion choices, Greek executive Zachariadis argues
Braemar warns chemical tanker rates could weaken on high gas prices UK shipbroker estimates potential drop of up to $4,600 per day as economic turmoil continues
'Emperor's new clothes': Are we close to a net zero tipping point or is it a myth? Marine engineers tell Maritime Cyprus conference of the uncertainty and problems of achieving rapid decarbonisation of shipping
Spanish oil group Cepsa plans green hydrogen corridor with Rotterdam Route from Algeciras aims to connect two of Europe's main ports moving 4.6m tonnes of green hydrogen by 2030
Clarksons teams up with CarbonChain to boost emissions accounting service New partnership for carbon broking division will enable automated solution for clients in the dirtiest industries
Pacific Gas orders up to four dual-fuelled VLEC newbuildings The company has booked the 99,000-cbm ethane carriers on the back of long-term charters from energy major Ineos
Disney reportedly eyeing up Genting's unfinished cruise behemoth Global Dream The cruise line of Mickey Mouse will task Meyer Werft with Global Dream's completion, says German news broadcaster
Shell-KSOE consortium to trial fuel cell on an LNG carrier Vessel will perform demonstration test on trade route for one year in 2025
Top Ships scraps Maxim share deal as profit jumps more than 400% Greek VLCC owner also raises $4.5m from warrant deal
Vopak converting Dutch LPG tanks to store imported green ammonia Netherlands tank terminals group continues preparations for alternative fuel revolution
Container shipping lines face pressure as EU consortia renewal polarises stakeholders German regulator heads opposition to another renewal of the European Commission's consortia block exemption regulation
Five seafarers evacuated after gas poisoning incident on Turkish tanker Authorities report the Sealion I was anchored off Istanbul at the time of medical emergency
'Resurrection!': Procopiou celebrates shipping markets' return from the dead The extreme volatility of freight markets in recent years shows the maritime business is not for the fainthearted, Greek owner says
Sanctioned Sovcomflot to swap $928m of Irish bonds for Russian notes after payment pain Russian state shipowner wants investors to exchange eurobond debt for rouble-denominated replacement
Banks give South Korea's Dae Sun newbuilding quintet the go-ahead after nine-month wait The country's second-tier shipyards face a challenge in getting finance houses to issue refund guarantees
Nikolas Pateras' Contships swoops on Lomar sistership quartet Greek owner keeps faith with the feeder container ship segment, buying his youngest vessels yet
Pateras's Contships swoops on Lomar sistership quartet Greek owner keeps faith with the feeder container ship segment, buying his youngest vessels yet
Angelicoussis Group donates $2m to DSME workers in memory of John Angelicoussis A gesture of goodwill from the Greek shipping company is also in support of DSME's enthusiasm for shipbuilding
Scrap prices are rising, but is this a rally or a 'dead cat bounce'? As recyclers up their offers to secure scarce tonnage, market sources question whether these prices are sustainable
Pacific Basin carries out rare raid on secondhand bulker market Hong Kong shipowner ends nine-month absence from S&P market with deal for 11-year-old ultramax
Warehouse rents near cargo airports skyrocket, report says Air cargo is a premium shipping mode. Companies that want fast, reliable transfers are also seeing lease rates shoot up for logistics facilities near airports.
Delta, Latam joint venture to benefit cargo shippers Delta Air Lines and South American carrier Latam Airlines have become partners, creating opportunities to streamline their cargo networks.
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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