"Tougher than IMO" U.S. clean shipping legislation wins support from Maersk Shipping and logistics giant Maersk has voiced its support for the "tougher than IMO" Clean Shipping Act introduced earlier this year by Congressman Alan Lowenthal (CA-47), whose district includes the Port of
Langh Tech gains USCG type approval for "one-way" BWMS Finland's Langh Tech Oy Ab has now obtained USCG Type Approval for its LanghBW ballast water management system. The system is based on fine filtration combined with UV treatment with an innovative
Freight fall corners operators with costly charters Crumbling container freight rates have taken their toll on the newer and smaller players in the liner shipping industry, as their current earnings are insufficient to cover their vessel charter commitments. In August, UK freight forwarder Allseas Shipping had committed to chartering the 2005-built 1,740 TEU Green Ace from SFL Corp., at just under US$50,000/day for two years. However, this month,
Port of Rotterdam Authority selects contractor for new pipeline strip After conducting a European tender procedure, the Port of Rotterdam Authority has awarded the contract for the construction of a new pipeline strip along the Moezelweg to the Dutch railroad contractor Swietelsky Rail Benelux B.V. The pipeline strip will accommodate pipes belonging to HyTransPort.RTM and Porthos for the movement of hydrogen and CO2, according to the Port of Rotterdam's plans.The m
UK on alert amid upcoming rail strike actions While disputes and strike actions are underway at the United Kingdom's major container ports, Liverpool and Felixstowe, supply chain challenges in the UK seem to continue with the National Union of Rail, Maritime and Transport Workers (RMT) announcing a 24-hour strike action. In particular, railway workers on 15 train operating companies will take strike action on 1 October in a row over job secu
Port of Gothenburg launches new project for local intermediate container storage The Gothenburg Port Authority and APM Terminals Gothenburg introduced the "Port of Gothenburg RAILPORT container storage initiative" earlier in September aiming to move the intermediate storage of import boxes from the port to inland terminals closer to the final destination of the goods all over Sweden. "If an import container from China has Eskilstuna as its final destination, for example, it's
Yang Ming adds new 11,000 TEU container vessel Yang Ming Marine Transport Corp. has added one new 11,000 TEU container vessel, namely YM Trillion, which is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. YM Trillion was named and delivered to Yang Ming at a ceremony held at Imabari Marugame Shipyard on 21 September. YM Trillion will be deployed on Yang Ming's Trans-Pacific service PN3 and is expected to max
Port Houston achieves new container record Port Houston continues to break container records with total box volumes in August reaching 382,842 TEUs, which represents a 20% increase from the same month last year and the busiest month in the history of the port. In total, Port Houston has handled 2,608,405 TEUs year-to-date, a 17% increase over
Allseas wins Mexican offshore pipelay contract Swiss-based marine construction specialist Allseas has won a contract from TC Energy for a major offshore pipeline delivering natural gas to southeast Mexico. The company's pipelay vessels will install the 36-inch pipeline, which will run approximately 700 km south along the coast from Tuxpan connecting the ports of Coatzacoalcos and Dos Bocas. The Southeast Gateway ...
Finnish trio steps up green fuel push with ammonia-powered ship Finnish shipowner Meriaura has teamed up with fellow marine technology firm Wärtsilä and sustainable fuel startup Green NortH2 Energy to build a cargo vessel that runs on green ammonia. The vessel will be ordered and operated by Meriaura, equipped with W'rtsil''s modular multifuel main engines and Green NortH2 Energy will supply green ammonia fuel. The ...
OceanPal charters out newly delivered cape Diana Shipping's Nasdaq-listed spinoff OceanPal has secured work for its newly delivered 2005-built capesize bulker . The 177,243 dwt vessel, which OceanPal agreed to acquire from Diana in June for $22m, has been fixed to South Korea's Hyundai Glovis for about 35 days at $15,000 per day. The charter has already commenced and OceanPal said ...
Nordic American sends suezmax on one-year charter New York-listed suezmax specialist Nordic American Tankers (NAT) has fixed one of its 2010-built vessels to an undisclosed energy major. The charter commenced on September 21, for a period of one year at a rate in excess of $30,000 per day. The Herbjorn Hansson-led firm has a fleet of 20 suezmaxes of which three were ...
Santos hits snag at Barossa as Australian court suspend drilling permit The Federal Court of Australia has ordered Santos to suspend drilling at its $3.6bn Barossa gas project after it found the operator failed to properly consult the people of the Tiwi Islands. Traditional landowners led by Dennis Tipakalippa challenged in June the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA)'s decision to approve the ...
Equinor's Spanish wind tie-up advances with 200 MW floater Norwegian energy giant Equinor and Spanish utility Naturgy are advancing their offshore wind partnership with plans for more than 200 MW of floating wind power in the maritime area of eastern Gran Canaria. The two companies teamed up earlier this year to explore offshore wind opportunities in Spain, on the back of the country's plan ...
Nova Scotia targets 5 GW of offshore wind energy by 2030 The Canadian province of Nova Scotia has set a target to offer leases for 5 GW of offshore wind energy by 2030 to support its budding green hydrogen industry. Leases for offshore wind development will be granted through a competitive bid process jointly managed by the provincial and federal governments, and the first call for ...
Purus Marine acquires CTV owner HST Marine Purus Marine has acquired a UK-based provider of crew transfer vessels to the offshore wind industry HST Marine. Post-acquisition, Purus Wind, the company's offshore wind business, will employ around 100 people in the UK and Norway offering battery hybrid CTVs, offshore wind construction/service operation vessels (C/SOV), inspection drones and other services. Tom Nevin, chief executive ...
Exposed carriers struggling to pay sky-high charter rates The abrupt plummet in boxship charter rates is making plenty of headlines, with warnings that some carriers are struggling to keep up with their rental payments for ships signed earlier at sky-high prices. Classic panamax tonnage has been fixed in recent days at rates of $40,000 and $50,000 for periods of six months, according to ...
New UCL report claims $850bn of LNG-capable tonnage risks being stranded by 2030 A new report from the influential UCL Energy Institute argues that as much as $850bn of tonnage is at risk of being stranded by 2030 if the shipping sector continues investing in LNG-capable ships as policies that incentivise shipping to decarbonise in line with the Paris Agreement would erode the value of more expensive LNG-capable ...
War, fuel prices and all things green: shipping's top concerns in 2022 What keeps shipowner CEOs up at night? Attempting to find out is a survey carried out by the Global Maritime Forum, Marsh, and the International Union of Maritime Insurance. The Global Maritime Issues Monitor 2022 has just been published, based on a survey conducted between April 4 and May 10 this year among a diverse ...
Charterers given access to new ship carbon emissions comparison tool Today marks the launch of the Siglar Carbon Ship Finder, a digital tool allowing charterers to compare carbon emissions from ships at the click of a button. The insight given by the new Norwegian tool can be used to reduce emissions and its related carbon cost exposure. It can also kickstart what Siglar Carbon has ...
Turkey's Akkon Lines takes on its largest ship Akkon Lines from Turkey has taken on its largest ship to date. Alphaliner is reporting the carrier has taken Transfar Shipping's 1,732 teu on a six-month charter for $35,000 a day, a ship that is approximately 600 teu bigger than the next largest one in its fleet. Fast-growing Akkon connects Turkey with ports in the ...
James Fisher Renewables awarded Taiwanese wind farm contract James Fisher Renewables (JF Renewables), part of James Fisher and Sons, has won a multi-million-pound contract at the Formosa 2 offshore wind farm in Taiwan. The Formosa 2 project is being jointly developed by JERA, Macquarie's Green Investment Group (GIG) and Swancor Renewable Energy. GIG is supported by its portfolio company, Corio Generation. Once complete, ...
Norway's fjords welcome another pair of autonomous vessels Another pioneering Norwegian pair of vessels have hit the waters, advancing shipping's path to autonomous operations. ASKO, a grocery distributor, has christened a pair of vessels which are electrically powered and can operate autonomously, following in the wake of the Yara Birkeland, a landmark ship that has been operating since the start of the year. ...
COSCO puts Hamburg terminal investment on hold China's COSCO Shipping Ports has said it will delay completing the acquisition of a stake in a container terminal in Germany's largest port to the end of the year. COSCO's terminal arm moved last year to take a 35% stake in the operator of the container terminal in Tollerort in the port of Hamburg, which ...
New bunker index launched With fuel bills being among owners' greatest concerns this year shipping has a new bunker index Benchmark provider General Index has partnered with digital marine fuels platform BunkerEx to launch a global service of 771 end-of-day benchmarks across 502 ports globally. The daily indices are built on several hundred data points each day from multiple ...
New CEO of Seaspan Shipyards announced Canada's Seaspan Shipyards has appointed John McCarthy to take over from Mark Lamarre as CEO. McCarthy has been with Seaspan Shipyards since 2018 and brings more than 36 years of experience in shipbuilding, repair and overhaul and as a senior leader at American and international shipyards. "I am excited and honoured to lead Seaspan Shipyards ...
Longshore workers strike at Vancouver coal export terminal Local 502 of the International Longshore and Warehouse Union (ILWU) started a strike on September 16 at Westshore Terminals LP's coal export terminal at the Port of Vancouver on Canada's Pacific coast. Members of Local 502 and two other ILWU Locals have been without a contract since January 31. Despite the involvement of conciliation/mediation assistance ...
Ocean BC Towing and union reach agreement on new contract Ocean BC Towing (OBCT), managed by Groupe Ocean, has reached an agreement on a new contract with the Seafarers' International Union of Canada (SIU). Union members unanimously accepted the contract, which provides "significant gains in all areas, raising the bar and setting the new standard for seafarers working on tugboats on Canada's West Coast," said ...
More work for Odfjell Drilling and CIMC semisub Hot on the heels of the OMV contract in Norway the Oslo-listed semisub player Odfjell Drilling has on behalf of CIMC Raffles Offshore sealed a new deal for the rig. The 2019-built semisub has been booked by Shell to permanently plug and abandon nine wells at four different well locations
UK transport secretary Trevelyan takes on shipping brief UK maritime sector gets a bump in political visibility after the secretary of state for transport personally intervenes to take...
UK amends sanctions guidance on Russian food and fertiliser exports The latest pronouncement clarifies that London insurers and banks can now provide insurance and trade finance under licence. However, the differences...
ABB and Wallenius to offer digital fleet support service By working to improve efficiency and sustainability, the partners look to accelerate performance optimisation
Port strikes could have impact beyond UK With Liverpool already shut down and Felxistowe to strike next week, cargo will likely be diverted to northern European hubs...
New chief of Maersk Product Tankers focuses on energy efficiency The company's entire fleet will be ready for EEXI and CII regulations, which come into force on January 1, says...
Greek ferry operator Attica agrees merger deal with Cretan rival Banks agree to write off two thirds of ferry line's debt and to forego outstanding interest
Why shipping's poor progress report requires high-level attention Industry leaders will, once again, call on the industry to come together this week and set more ambitious targets, implement...
Industry attempts to amend EU carbon market amid delays International Chamber of Shipping is pushing for global progress at the IMO to overtake EU efforts. The World Shipping Council...
Containership charter rates in sharp reversal as demand falls After a two-year period in which carriers would pay almost anything for charter tonnage, short-term charter rates have fallen steeply...
EU weakens Russia coal ban to 'combat food and energy insecurity' Backdown on coal exports made to avoid 'potential negative consequences'
K Line pays $60,000 per day for panamax PCTC hire K Line has extended the charter of a 6,700-car capacity pure car and truck carrier for five years at a...
Investment alone won't fix US supply chain woes, warns port director NY & NJ volumes are 34% higher than pre-pandemic levels, while 70% of growth is diverted west coast cargo
Sustainability reporting is 'not about setting unrealistic goals' 'Obtaining hard figures on our scope-emissions, our corporate diversity, and compliance, is key to making a difference and run a...
Singapore considers green corridor deal with Japan Plan discussed during a visit to Tokyo and Yokohama by members of the Maritime and Port Authority of Singapore
Cosco pushes back Hamburg port terminal deal Move underlines increasing difficulty for Chinese state-owned port operators to expand overseas amid rising geopolitical uncertainties
Ukraine crew evacuations were moral dilemma for owners Marine insurers discuss Russian incursion as part of Chicago gathering, with some analysts now predicting defeat for invaders in matter...
Marine insurers 'in the dark' over Russian oil cap details The leap in aggregate gross calls reflects harder market conditions and a concern over cover. However, the question of adequacy is...
Russia diverts steel exports to Asia over sanctions China, India and Türkiye are the main markets for Russian steel exports against the backdrop of sanctions
Marco Polo Marine plans CSOV newbuild Marco Polo Marine says it has received keen interest from offshore wind turbine makers and offshore wind farm developers amid...
FMC investigating nearly 50 charge complaints against carriers, NVOs Half of the complaints are under investigation by the FMC while the other half of submissions were denied for timing, insufficient information, or misalignment with the complaint process.
NS Jacksonville service improved in Q3 Norfolk Southern Railway has made improvements in service in Jacksonville in the last three months, according to service metrics and intermodal marketing companies.
Truck tonnage surge shows crack in freight gridlock US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.
Cosco stake in Hamburg terminal still pending one year on Cosco Shipping wants to make Hamburg a strategic transshipment hub for North Europe, but German regulators have yet to approve a minority terminal stake in the port.
Intermodal equipment shortages, congestion should ease by early 2023: analyst The North American intermodal sector is quickly approaching a pivot point that will move it from equipment scarcity and congestion to equipment abundance and better cargo flows, and the speed of this change will take
Semiramis Paliou is committed to protecting father's legacy while moving Diana Shipping forward Chief executive remembers when a female captain asked her what she was doing on her ship while she was working as trainee ship surveyor
Shell's Trauth: Ships' most valuable cargo is the data they collect As shipping pushes forward with decarbonisation, the oil major's global shipping head wants the industry to look at optimising efficiency
Ukraine grain exports 'a miracle on the sea' says Guterres, fertiliser must be next UN secretary general says after success of the grain export scheme, Russian fertiliser exports must be next
Green Seas: The case for LNG fuelling in a decarbonising world In this week's edition of our sustainability newsletter, we talk to LNG fuelling proponents who say critics overstate the harm and understate the potential
Group of 35 shipping companies call for lower EU ETS threshold Companies seek lower gross tonnage threshold of 400 gt, down from 5,000 gt, and including offshore and service vessels in the Emissions Trading System
Ukraine grain exports 'a miracle on the sea' says Guterres, fertiliser must be next UN secretary general says after success of the grain export scheme, Russian fertiliser exports must be next
Capesize bulkers will 'come back' as China gets economy moving again, Genco chief says Extremely tight supply allows dry bulk shipping to bounce back from setbacks time again, says John Wobensmith
Software firm Kaiko Systems raises €2m from German shipping investors Company which develops systems to digitise onboard operations used by Columbia Shipmanagement will use funds to expand
Finnish owner Meriaura enters race to launch first ammonia-fuelled ship Company teams with Wartsila and Green NortH2 Energy for vessel due in 2024
Hoegh family directors raise $20m secured against entire Autoliners shareholding Car carrier company says loan deal by Leif Hoegh and others is separate to its own operations
Despite Putin's threats, marine security expert predicts Ukraine war could end this year Despite President Putin's escalation of the conflict, he could soon be forced to negotiate and end to the conflict
Greek owner Dynagas moves in on Chinese yard berths for super-size LNG carriers Crush for slots shifts to China as South Korean shipbuilders hold their nerve on releasing space for 2027 deliveries
Keep ships sailing rather than scrap them to cut emissions, says recycler Recycling steel can cut emissions but it is important EEXI and CII regulations do not push usable vessels into being scrapped and emissions caused replacing them
Marine security expert predicts Ukraine war could end this year President Putin is desperate, and could soon be forced to negotiate and end to the conflict
Torm adds trainees as it plots Dubai opening in 2023 Danish tanker group wants to be closer to its clients as refinery production expected to jump
Confusion lifted? Russian coal hauls to third countries are legit Legal clarity, however, does not encourage big charterers to fix bulkers that called at Russian ports
Greek owner Dynagas moves in on Chinese yard berths for supersize LNG carriers Crush for slots shifts to China as South Korean shipbuilders hold their nerve on releasing space for 2027 deliveries
Recession? What recession? Sun shines for tankers despite clouds Demand for tankers is surging amid the economic doom-mongering of gloomy forecasters
Eni moves to start FLNG exports as deadline looms for second unit New date set for planned first cargo from Coral-Sul off Mozambique
Delivery dates pushed out again for raft of Mozambique LNG newbuildings Insiders say decision is to align with anticipated final investment decision on hugely delayed project
Car carrier values could jump 30% as analysts tear up rate forecasts Unprecedented charter earnings must eventually boost ship prices, market observers believe
Turku-Stockholm green corridor plan gets financial backing Business Finland contributes €1.6m to project involving shipbuilder Rauma Marine Constructions, ferry operator Viking Line and fast charging systems firm Kempower
Second Sovcomflot tanker heads to Cuba to ease energy crisis Aframax Kazan loaded Urals crude in Primorsk for Caribbean trip
Confusion lifted? Russian coal hauls to third countries are legit, Greek union insists Legal clarity, however, does not encourage big charterers to fix bulkers that called at Russian ports
BGN International pays more than $12m to charter 2008-built VLGC for a year The time-charter deal is said to signal a strong LPG market ahead
HFW lawyer Richard Neylon is optimistic vessels trapped in Ukraine can find a way out Ships that have not got out on the back of the UN grain agreement may yet still escape
BGN International pays more than $12m to charter one 2008-built VLGC for a year The time-charter deal signals a strong LPG market ahead
Denmark's Uni-Tankers offloads product tanker duo for strong price Carl F Peters of Germany named by brokers as the buyer of 2008-built pair
Footage captures the moment Sea Eagle capsizes in Turkey Video from quayside provides no clue as to why the multipurpose listed
MPM to build CSOV to meet 'rising demand' from Asia's offshore windfarm sector Singapore-listed company said it intends to fund $60m building cost from internal resources and bank loans
Singapore-listed shipowners may soon be forced to reveal CEO's exact pay Exchange regulator also looking to restrict the length of service of independent directors to nine years
Fixture activity in the Middle East keeps pushing VLCC rates upward VLCCs sailing from the Middle East to Asia are earning rates in excess of $70,000 per day, according to Tankers International
Hoegh LNG Partners shareholders approve merger over prominent objections Parent Hoegh LNG intends to close the $9.25 per share deal in the coming days
Mexico's biggest container port reopens after earthquake The Port of Manzanillo has resumed operations after a 7.7 magnitude earthquake rocked Mexico's Pacific Coast region Monday.
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