Putin slaps ban on price-capped Russian oil exports Russian state controlled news agency Tass reports that President Vladimir Putin has signed a decree on retaliatory measures to the West's imposition of a price cap on Russian oil. The document bans
Portuguese e-ferry will use Zinus fully autonomous charging solution Portugal's first all electric car/passenger ferry is to have a fully autonomous charging solution supplied by Norway's Zinus AS. Ordered by the Municipality of Aveiro from shipbuilder Navaltagus, the vessel will be
Gondán launches latest in Edda Wind CSOV series Haugesund, Norway, headquartered offshore wind service company Edda Wind (OSL:EWIND) says that this Christmas it received a special gift from Spanish shipbuilder Astilleros Gondán S.A. It took the form of a Christmas
Seadrill in $958 million acquisition of Aquadrill Offshore drilling contractors Seadrill Limited (NYSE & OSE: SDRL) and Aquadrill LLC have entered into a definitive merger agreement that will see Seadrill acquire Aquadrill in an all-stock transaction. On completion of
Kalmar to enhance Maputo port operations with new machines Kalmar, part of Cargotec, has secured an order from Maputo Port Development Company (MPDC) in Mozambique for 14 T2i terminal tractors and three forklift trucks, including two heavy models and one medium model. The order was booked in Cargotec's Q4 order intake and the machines are scheduled to be delivered until the end of the second quarter of 2023. MPDC, a joint venture between the Mozambican R
Mawani and MSC to build new logistics facility in Saudi Arabia The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of MSC, have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam's King Abdulaziz Port in Saudi Arabia with an investment value exceeding US$26,6 million. The deal was inked in the presence of Eng. Saleh Al-Jasser, minister of transportation and logistics services, while the signing
Port of Oakland selects electric cargo handling equipment The Port of Oakland has announced that it uses new green equipment to achieve its zero-emission targets. Two all-electric top picks are operating at the Californian port, as part of a demonstration project to create a zero-emissions seaport. The port of Oakland has joined a select group of seaports to operate the green technology equipment. Top picks are heavy-duty vehicles with off-road capabili
Diana Shipping fixes bulkers to Western Bulk and Glencore's ST Shipping Greece's Diana Shipping has landed two new time charter deals worth at least $5.77m. The Semiramis Paliou-led owner of 43 bulkers has fixed its recently delivered ultramax DSI Altair, former STH Sydney, to Western Bulk and its panamax Ismene to Glencore's ST Shipping and Transport. Western Bulk will be paying $14,400 per day until June ...
Ocean Network Express acquires terminals in US West Coast 'The three newly acquired container terminals will safeguard ONE's access to terminal capacity in key and strategic gateways, support its growth...
Diana Shipping ends year with pair of multi-month charters as bulker period rates dip Clarksons estimates that six- and 12-month charters have slumped for ultramaxes and panamaxes
Mitsui OSK Lines signs Japan's first committed credit line tied to climate change efforts Diviersified shipowner will use $450m loan to fund business costs over next five years
Frangistas companies to sell bulker pair amid quiet S&P market Greek family outfit seen raising close to $40m from divesting two mid-size vessels
Avin International cleans house with lucrative tanker sales Looks like Christmas arrived early for the Greek owner, which is being linked to a fabulous asset play
Global Feeder Shipping eyes growth as AD Ports Group gets on board A prudent and cautious investment strategy during the super-cycle leaves the Dubai-based feeder company in a comfortable spot
Ocean Network Express buys into three US west coast container terminals Liner giant says terminals move will safeguard its access to terminal capacity in key and strategic gateways
Zodiac cape reported sold for scrap as recyclers binge on bulk carriers Five bulkers and a container ship have been reported sold for recycling, with India and Pakistan taking the lead
Container shipping's 'big unwind': Spot rates near pre-COVID levels Trans-Pacific spot rates fell first. Trans-Atlantic spot rates and Asia-U.S. contract rates look like they're next in line.
FreightWaves Flashback: World ports reach 201 million TEUs 2000: World container port throughput increased 7.8% last year to about 201 million TEUs - the first time volume exceeded 200 million TEUs.
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