Continental Maritime wins LHA 7 award with $33.4 million potential Continental Maritime of San Diego LLC, San Diego, Calif., has been awarded a $29,199,899 firm-fixed-price contract for maintenance, modernization and repair of USS Tripoli (LHA 7) fiscal 2023 selected restricted availability. The
NTSB reports on costly towing vessel grounding An electrical generator set (genset) failure and subsequent loss of steering led to the grounding of a towing vessel near Greenville, Mississippi, the National Transportation Safety Board says. The incident occurred when
Hope Hicks and Maersk Line Limited resolve litigation Hope Hicks, a former midshipman on the Maersk Line, Limited (MLL) ship Alliance Fairfax, and MLL have resolved Ms. Hicks' litigation against the company filed in New York Supreme Court in June
Research institute opts for Incat Crowther battery-hybrid "floating classroom" A 65-foot Incat Crowther designed research vessel on order at the Midship Marine shipyard in Harvey, La., has been designed to meet the needs of the Lake Superior Research Institute (LSRI) at
WISTA International and Maritime SheEO confirm partnership deal in India WISTA International and Maritime SheEO officially announced the start of its partnership at the Maritime SheEO conference in Mumbai, India this week, after the signing of a Memorandum of Understanding (MoU) at the WISTA International Annual General Meeting on 26 October in Geneva, Switzerland. The first activity under the new MoU is the second Maritime SheEO Leadership Accelerator Programme. This
Transshipment sector hurts port of Valencia box volumes so far in 2022 In the first ten months of the year, there was a fall in the number of containers entering and leaving Valencia port, especially in the transshipment sector. According to data from the Statistical Bulletin of the Port Authority of Valencia (PAV), between January and October, a total of 4,336,957 TEUs have been moved through the Spansih port, translating to a 7.7% decrease from the same period las
2M Alliance announces service changes on Transpacific network The largest container shipping alliance, 2M Alliance has announced the temporal suspension of its TP23/Liberty service and the addition of the port of Charleston call to TP17/ America service. The two members of the alliance, Maersk and MSC said this is a move that aims to adjust container capacity "in line with the slowing demand on the Transpacific US East Coast network". The last vessel to sai
Port of Hamburg to get green energy import terminal Air Products and Mabanaft announced their intention to build Germany's first large-scale, green energy import terminal in the port of Hamburg. The project was announced on 17 November at a ceremony in Hamburg, which was supported by German Federal minister for economic affairs and climate action Robert Habeck and first mayor of Hamburg Dr. Peter Tschentscher. This announcement follows a Memorandu
New CEO for SM Line South Korean liner operator SM Line has appointed Yoo Jo-hyuk as its new chief executive officer (CEO). Yoo is taking over from Park Kee-hoon, who resigned on 29 September, citing personal reasons. Media speculation that Park stepped down in the face of falling freight rates was refuted by SM Line. Yoo's appointment is an internal promotion, as he was previously SM Line's network group leader, ac
Long-term indicators point to overall import volume fall at Oakland despite box increase in October The Port of Oakland handled 145,868 loaded TEUs in October, which translates to a 5.9% increase from the same month in 2021. Full exports jumped 4.8%, recording 66,408 TEUs in the last month, from which the loaded export boxes amounted to 62,203 TEUs. "Although we anticipate that overall cargo will decline on the West Coast in the coming months, the recent uptick in volume at Oakland is welcome n
Port of Immingham to receive new cranes Engineers from Associated British Ports (ABP) Immingham team have returned from Germany where they have been carrying out the final factory acceptance testing of the port's three new mobile harbour cranes. The Liebherr 420s will be arriving later in November from Rostock in northern Germany. The new investment has cost US$11.5 million with an additional US$594,905 on new Nemag grabs. The new cran
AD Ports confirms Noatum takeover AD Ports Group has announced the acquisition of Noatum, a global integrated logistics platform with a presence in 26 countries, for around US$680 million in a transaction that is expected to close in the first half of 2023. AD Ports Group said it intends to create an international logistics brand, merging its existing logistics business with Noatum, which will lead AD Ports Group's Logistics Clus
Explosion injures two onboard offshore support vessel in France Two crewmembers have been injured in an explosion on the Greek-flagged offshore support vessel in Le Havre, France. Local media report two people have been hospitalised after suffering arm burns as a result of an air compressor explosion during a scheduled test. The incident occurred on Thursday around 21.30 hrs local time, while the vessel ...
Borr Drilling seals new Southeast Asia deal Norwegian jackup rig owner Borr Drilling has secured a new contract with an undisclosed operator in Southeast Asia for the 2018-built . The New York and Oslo listed firm told investors it would earn around $5.9m from the programme expected to start in the first quarter of 2023 and last for 45 days in direct ...
Frank Olsen steps down as Inchcape CEO Frank Olsen has stepped down as chief executive of one of the world's largest maritime service providers, Inchcape Shipping Services (ISS). He will be replaced by Philippe Maezelle, who joins ISS on December 1, 2022, after serving as CEO of Alfred H Knight, an inspection and testing services provider for the metals and minerals industry. ...
Fredriksen's SFL scores ExxonMobil contract for semisub rig in Canada John Fredriksen's SFL Corporation has secured employment with ExxonMobil Canada for its 2008-built harsh environment semisub rig . The New York-listed diversified owner, with investments also in tankers, containerships, dry bulk vessels and car carriers, will bank around $50m from the deal. The contract is expected to start in the second quarter of 2023 and ...
Hannisdahl presses ahead with new shipping investment vehicle Joakim Hannisdahl is pressing ahead with his own investment vehicle having won a court case in Norway against his former employees, Cleaves Securities. However, Cleaves management remains determined to pursue their former star hire in further legal battles. Hannisdahl won a case yesterday over the length of his gardening leave following his departure from Cleaves ...
AD Ports acquires Noatum for $660m Fast growing AD Ports Group has bought Spanish ports firm Noatum for $660m. This will be AD Ports Group's third major international acquisition in 2022, following the acquisition of a 70% equity stake in Transmar and TCI in September, and the announcement in November of its acquisition of an 80% equity stake in Dubai-based Global ...
Ruling bars Svitzer Australia from carrying out lockout threat for the next six months Australia's Fair Work Commission (FMC) ruled today that Svitzer's cannot carry out its threat of an indefinite lockout of employees for a period of six months, putting to rest for the time being the severe threat of national supply chain chaos. Svitzer, a unit of AP Moller-Maersk, is the dominant towage operator in Australia, with ...
BIMCO's new CII clause puts pressure on time charterers International shipping organisation BIMCO has released its keenly awaited Carbon Intensity Indicator (CII) operations clause, with charterers expected to take responsibility of a ship's emissions. The CII, due to come into effect on January 1, is one of the International Maritime Organization's most significant pieces of green legislation for years. How it plays out on ...
Chief engineer for Empire Bulkers found not guilty on all counts related to oil discharge in US waters In October 2021, Warlito Tan, chief engineer for Empire Bulkers, was charged, along with Empire Bulkers and Joanna Maritime Limited, for alleged violations of environmental and safety laws on the bulk carrier . The violations were discovered by the US Coast Guard during a March 2021 inspection of the vessel. Tan was found not guilty on November 16 ...
Avangrid to go ahead with Commonwealth Wind project offshore Massachusetts In late October, US power company Avangrid sought a one-month suspension in the Massachusetts Department of Public Utilities' (DPU) review of power purchase agreements (PPAs) for the Commonwealth Wind project planned for development south of Martha's Vineyard. Avangrid said at that time that the project was no longer viable under the existing PPAs, given global ...
BOEM identifies draft wind energy areas in the US central Atlantic The US Bureau of Ocean Energy Management (BOEM) yesterday announced eight draft wind energy areas (WEAs) offshore the US central Atlantic coast for public review and comment. The draft WEAs cover approximately 1.7m acr
IMO tricked into assigning numbers for fake shipowners shipping Iran and Venezuelan oil Georgia has made a request to the International Maritime Organization asking it to cancel the unique company identifiers assigned against...
COP27: It's time for IMO to deliver on shipping decarbonisation Shipping has a window of opportunity to engage with countries, communities, and policymakers to raise the ambition and shape the...
The Lloyd's List Podcast: Why shipping's asset play model may be heading for extinction Shipping's traditional business models are not well set up for the race to zero emissions and shipowners may not be...
Hope Hicks and Maersk resolve sexual assault and harassment litigation The sides in the case have reached agreement after Ms Hicks sued Maersk earlier this year for failing to prevent...
GoodBulk declares largest shareholder payout After selling nine bulkers this year, company is left with 14 capesizes and a low break-even
Don't treat ships like chess pieces Capturing a tanker is not the maritime equivalent of white triumphantly winning a rook for a bishop
Cargo volumes out of Ukraine down more than 60% on past year Outbound sailings from Ukraine to international markets from August to October are significantly down in terms of deadweight tonnage on...
Register now for the Lloyd's List Outlook Forum: 2023 and beyond The annual Lloyd's List Outlook Forum returns on December 8 bringing together the expertise of Lloyd's List and Lloyd's List...
Odfjell focuses on muti-fuel engines to meet future fuel challenges Multi-fuel engines allow for greater flexibility for whichever fuel will be in future use, says group chairman Laurence Odfjell
AD Ports acquires Noatum AD Ports has been rapidly diversifying and expanding. Its latest purchase will increase its presence in Europe
US continues to crack down on Iran's oil exports The US has announced a fifth round of sanction measures levied against Iran's illicit petroleum and petrochemical trade. It is...
Inchcape appoints new chief executive Philippe Maezelle, who has strong executive transformation experience, will join on December 1
Singapore Registry of Ships attracts more than 94m gross tonnage "Singapore's efficient infrastructure and business-friendly environment continues to attract shipowners worldwide to register their vessels under the Singapore flag,"S said...
COP27 offered dialogue and promises but progress remains to be seen There are positive indicators to be taken from this year's COP27 climate summit, but the litmus test of how much...
Retrofitted China Merchants car carrier launches Middle East service Two more China Merchants Energy Shipping ro-ro ships are soon to be shifted from domestic services to international trade as demand...
Vafias extends spree in 50th year as owner Two capesize acquisitions and a suezmax tanker purchase in recent weeks mean the Vafias Group has added 22 vessels over...
MISC doubles third-quarter profits on booming tanker rates MISC says spot rates continued to surge in the LNG shipping market in the third quarter. This was despite tonne-mile...
Angelicoussis Group advances first bulk carrier design to exceed IMO 2050 Proposed 210,000 dwt bulk carrier will use pre-combustion carbon capture principle to produce hydrogen on board for use as fuel
Yildirim pledges long-term commitment to CMA CGM CMA CGM is expected to post another very strong set of results next Friday, but longer-term financial prospects for the...
Daily Briefing Ukraine war risk rates steady despite missile strike in Poland | Black Sea Grain Initiative renewed | Time charterers to...
Canada's transport chief wants more say in ports, railroads Canada's transport regulator has introduced a new bill that would give the government more authority to monitor port activity and address rail issues faster.
India-US rates fall to 18-month low as liners struggle with overcapacity While a stabilization of rates on the trades out of India was always in the cards, the speed at which the market turned has caught carriers off guard, says the head of the country's container shipping lobby group.
2M suspends USEC service as rates, volumes drop near year's end Maersk and MSC have suspended a trans-Pacific US East Coast service as freight rates and volumes continue to slump as 2022 winds down.
Annual air cargo contracts vanish as market weakens Growing uncertainty over demand levels and falling rates is making longer-term traditional air freight block space agreements unattractive.
India-US rates fall to 18-month low as liners struggle with overcapacity While a stabilization of rates on the trades out of India was always in the cards, the speed at which the market turned has caught carriers off guard, says the head of the country's container shipping lobby group.
Green shipping corridor report highlights huge decarbonization hurdles Developing green ocean trade lanes will become increasingly complex as the number of stakeholders increases and cooperation deepens across the value chain.
eter G's return to shipping: 'I'm happy...and I can't even tell you why'
Non-eco and non-scrubber-fitted VLCCs hit six-figures during busy fixing week For months the less efficient ships have earned a discount to their higher-end bretheren
Capesize bulkers sink amid China uncertainty while smaller ships idle Panamax bulker market sees 'minor corrections throughout week, Baltic Exchange analysts say
Heroic Idun: Tanker was cleared to load a day before seizure Owners give detailed account of events in days running up to the detention of the VLCC
Diana Shipping fixes ultramax to Western Bulk and capesize to EGPN Bulk Carrier New reported deals give extra visibility of capesize period rates at a time when few are fixing
Midshipman X Hope Hicks and Maersk Line settle sexual assault lawsuit Settlement talks in a second lawsuit from the still-anonymous Midshipman Y are ongoing
Petredec unveils new UK handysize LPG arm Fortitude Shipping Giles Fearn-led parent spins off 11 vessels into new London-based company
How EU competition rules could shape shipping's decarbonisation drive Consortia Block Exemption Regulation provides an appropriate platform to assess the balance between competition and collaboration that can cut emissions
Aframax tanker rates surge in scramble for tonnage Impact of Russia trade changes, weather delays to itineraries and shortage of ships drives earnings, say brokers
MPC Container Ships boosts profits and dividends with further vessel sales Oslo-listed company raises full-year forecast and recruits former Hayfin man
Aframax rates surge in scramble for tonnage Impact of Russia trade changes, weather delays to itineraries and shortage of ships drives earnings, say brokers
Bimco's carbon clause; Greatest shipping bet in history; Braemar to get bigger What has been happening in shipping this week?
Seafarers' union slams Tanzania flag over chief engineer 'treated as a slave' Abdul Naser Saleh has lived in virtual slavery for a decade but the Tanzania flag is not taking calls, union says
Public vs private: Which is better for LNG carrier owners? GasLog found a long-term partner by going private, while Flex LNG enjoys the discipline that comes with a public listing
Coalition makes last-ditch bid to correct CII flaws as fresh carbon rules loom Concern is growing that ships will be unfairly penalised by their operating profile
Green corridor hub set up by zero-emission mission Online platform launched at COP27
KNOT scoops shuttle tanker newbuilding deal for Petrobras Joint venture returns to favoured Chinese yard for seventh newbuilding since 2012
MR fixing frenzy clears out prompt tankers as rates jump US diesel exports helping to boost earnings for owners
Boxship charter market is still in 'pretty good shape', says Baack Sentiment grows more positive after traditional panamax is fixed at higher than last done
Green corridor enabling hub set up by zero emission mission Public-private partnerships group the Zero Emission Shipping Mission creates online platform aimed at supporting actions to set up green shipping corridors.
Bulker newbuild ordering to accelerate next year, Bimco warns Shipping analyst Felipe Gouveia believes lack of contracting in recent years will spur new deals
Golden Ocean Group's Ulrik Andersen says it doesn't take much to ignite the dry cargo market You cannot post hundreds of millions of dollars in profit every quarter, CEO concedes as immediate outlook looks softer
P&I insurer Skuld targets 10% premium hike from shipowners at renewal Yet London P&I Club has decided against setting a general increase target
Oldendorff's M&M Bank 'privileged' to help owners with carbon rules Norwegian lender impressed with adaptability of shipping companies faced with new IMO regulations
'We won't be the first carrier with our head below the water line', says Zim management Israeli carrier to redeliver tonnage and blank sailings as freight rates slide to breakeven levels
Shipowners Ofer and Marinakis watch nervously as World Cup kicks off in container stadium Shipowners in control of Atletico Madrid and Nottingham Forest will be hoping their boys come through tournament unscathed
'Dividend party' over as Fearnley Securities downgrades Zim Analyst says it is time to sell as stock set to come under pressure
'We won't be the first carrier with our head below the water line', says Zim's Eli Glickman Israeli carrier to redeliver tonnage and blank sailings as freight rates slide to breakeven levels
Just many tankers could be pulled into sanctioned Russian trades? Of the ships carrying Iranian oil, most have some likelihood of switching over to Russian trades
Can Gianluigi Aponte's magic touch game container ship clouds? As liner giants express concerns over the normalisation of the market, all eyes turn to MSC's greatest box wager of all time
Just how many tankers could be pulled into sanctioned Russian trades? Of the ships carrying Iranian oil, most have some likelihood of switching over to Russian trades
Svitzer Australia lockout of tug workers suspended for six months Fair Work Commission halts action over fears about damage to economy
Chaos theory: How tankers thrive amid energy crisis and war Global energy trades face even more tumult ahead. "This could get crazy," says Scorpio Tankers' Robert Bugbee.
MSC Air Cargo moves up start date for global freighter service Mediterranean Shipping Co. is moving up plans to inaugurate its air cargo airline, offering service between North America, Europe and Asia.
CargoLogicAir, casualty of Russia sanctions, faces liquidation United Kingdom sanctions put CargoLogicAir on verge of going out of business.
United States Lines enjoyed its share of glory years FreightWaves Classics examines storied ocean carrier U.S. Lines, which was persistent in its desire to operate a successful cargo ship named the American Shipper.
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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