Harland & Wolff: FY 2022 revenues will be "materially below expectations" hings have been looking up lately for U.K. shipbuilder Harland & Wolff, with a number of significant contract wins and the prospects of more to come, including a role in building three
Edda Wind expects delivery delays for three vessels Earlier this week, Haugesund, Norway, headquartered offshore wind service company Edda Wind (OSL:EWIND) had some cheery news to report: the Christmas eve launch of its commissioning service operation vessel (CSOV) C491 at
Port of Long Beach channel deepening project gets green light from US government President of the United State, Joe Biden signed into law the Water Resources Development Act (WRDA) of 2022, the biennial legislation authorising federal flood control, navigation and ecosystem improvements that include the Port of Long Beach Channel Deepening Project. "We are grateful to members of the House and Senate and the Army Corps of Engineers who championed this bill, the many lawmakers
Global Ports to consolidate Russian terminals Global Ports Investments PLC has announced that it had entered into binding agreements with CMA Terminals on cash free shares swap. In exchange for 25% of Multi Link Terminals Ltd Oy, Finland, Global Port will receive 25% of CD Holding Oy, Finland, and 25% of Multi Link Terminals Ltd, Ireland, which own Yanino Logistics Park (LP) and Moby Dik (MD) respectively. According to Global Ports, this wil
Wan Hai sees pre-festive mild boost; not pessimistic about contract discussions Wan Hai Lines' general manager Tommy Hsieh has said at a media briefing that despite the recent downward trend in freight rates, the Taiwanese company is 'not pessimistic' about negotiations for long-term shipping contracts on Transpacific lines. Hsieh said that Wan Hai has seen a mild uptick in freight rates ahead of Chinese New Year in January and that while freight rates have been correcting,
Borr Drilling secures contracts for jackup pair Norwegian jackup rig owner Borr Drilling has secured two new contracts with a combined total value of nearly $310m. The New York and Oslo-listed company has fixed the 2013-built jackup Frigg to an undisclosed operator in the Middle East for five years, with additional options to extend. The firm contract, which starts in the third ...
Oshima will start construction of first bulk carrier at newly acquired yard in April Japan's Oshima Shipbuilding has completed the takeover of Mitsubishi Heavy Industries's Nagasaki Shipyard & Machinery Works (Koyagi), with plans to start construction of a first bulk carrier there in April. The Koyagi dock will focus on dry bulk carriers, Oshima's specialty, but is likely to see a jump up in size to capes. Oshima will ...
CMA Terminals divests jointly-owned Russian assets in a share swap with Global Ports CMA CGM will exchange its 25% stake in Russia's Yanino Logistics Park and Moby Dik ocean terminal for an additional...
Dark fleet tankers now comprise 34% of larger ships calling at key Russia oil export ports Rising percentage of cargoes carried on dark fleet tankers escalates as Russia announces ban on sales of crude to countries...
Over 1,500 seafarers were abandoned in 2022 Last year saw "an alarming spike" in cases of ships and crew being abandoned by owners in the wake of...
MSC overtakes Maersk as most reliable carrier Maersk has topped the monthly liner reliability rankings all year, but MSC has finally managed to overtake their rival last...
Port of NY & NJ retains top spot amid nationwide import slowdown Despite lower throughput from the year-earlier period, the port of New York and New Jersey surpassed its west coast peers...
Port of Long Beach to end seafarer COVID-19 vaccination programme After vaccinating nearly 12,000 sailors with a single jab of the Johnson and Johnson vaccine, the free programme is coming...
Japanese firms secure LNG supply from Oman, US LNG procurement competition has been intensifying and Japanese companies are looking for flexibility in sourcing requirements for domestic electricity production
Houston to start charging long-dwell fee from Feb. 1 The Port of Houston said it has resolved the software issues that will allow it to proceed with an additional fee on import containers dwelling eight days or longer at its marine terminals.
Norfolk Southern to shut container spillover lot near Memphis Norfolk Southern Railway will shut one of two container spillover lots outside Memphis this week after a significant reduction in rail boxes coming into the inland hub from Savannah.
Hapag-Lloyd hit with FMC rail demurrage complaint The filing is just the latest in a barrage of complaints made against various container lines with the FMC in recent months, a flurry accelerated by major reform of US shipping law that went into effect in June.
Southeast US ports adding capacity to handle long-term volume growth Southeastern US ports are anticipating a volume slowdown in 2023, and hope to take the time to increase capacity ahead of the next surge in demand.
Dynagas Partners signs new Equinor charter worth $117m Fixture carries almost double rate of current charter and should allow shipowner to refinance debt, analyst says
Price cap: Product tankers have 55-day Russian delivery window US guidance gives product tankers longer to deliver loaded Russian oil than counterparts in the crude sector
Podcast: Did the IMO 2020 sulphur cap make shipping's carbon footprint worse? Audio edition of Green Seas talks to International Council on Clean Transportation researcher Bryan Comer about why he says the advent of very-low sulphur fuel didn't hike shipping's carbon emissions
Frontline completes switch of domicile to Cyprus The move was a condition of the planned deal to unify its fleet with Euronav
Will 2023 see liner companies engage in another price war? Pending overcapacity in the coming months could lead liners companies to slug it out.
Finland receives its first FSRU unit amid European regas craze Excelerate Energy's 150,900-cbm Exemplar (built 2010) reaches the port of Inkoo
Finnish outfits team up to strengthen local shorthaul trade VG-Shipping acquires sizeable minority stake in compatriot Rederi Ab Nathalie (RABN)
Container lines get creative to keep idle fleet 'artificially' low Slumping demand leads operators to resort to inventive capacity management
Seapeak completes $700m takeover of Evergas The companies announced the all-cash deal in October and expected to complete by the end of 2022
Japan set for first Sakhalin-2 oil since May after war upheaval Tracking data shows former Sovcomflot tanker heading to Japanese port
Hackers attack Port of Lisbon, threaten to leak stolen data Website of Portuguese terminal has been down for a week
Japanese underwriters secure war risk cover for Sakhalin LNG project in last-minute deal A Russian conflict exclusion clause from reinsurers, starting next month, could have left ships uninsured
Maersk Broker snaps up Seattle-based dry cargo charterer The broking giant had been a shareholder in NAODAN Chartering since 2019
Bangladesh blocks entry of Russian ship carrying nuclear-related cargo Move to prevent the docking of Russian-owned Ursa Major came after strong pressure from the US
Bangladesh blocks entry of Russian cargo ship carrying nuclear-related cargo Move to prevent the docking of Russian-owned Ursa Major came after strong pressure from the US
Lula 2.0? Brazil's maritime sector watches return of president for course changes As Luiz Inacio Lula da Silva prepares to take office on 1 January, minister promises to end privatisation of largest port and shipyards hope for support of old
Air cargo 2022: What went right and what went wrong Making money was more difficult for the air logistics sector in 2022, but the future remains bright.
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