Metal Shark delivers 45 Defiant crew boat to Anchorage Launch Boat builder Metal Shark recently delivered a welded-aluminum 45 Defiant crew boat to Anchorage Launch Services Company, an Oregon-based operator providing launch, line, pilotage, and cargo services to vessels on the Columbia
Kirby sees favorable outlook for 2023 Houston-headquartered tank barge giant Kirby Corporation (NYSE: KEX) yesterday reported third and fourth quarter 2022 results that saw earnings for the quarter reach $37.3 million, compared with $11.0 million in the prior
U.K. to convert Island Offshore OSV to minehunting "mother ship" The U.K. has again used conversion of an existing offshore industry vessel as a means of getting a needed naval asset in place in a hurry. It has purchased the 2013-built UT
Fire breaks out on bulker at Willamette River terminal The Coast Guard is supporting Portland, Oregon, Fire Rescue and other responding agencies after the 623-foot Liberian-flag bulk carrier Breeze caught fire while moored at the Temco LLC grain terminal in Portland
Two new post-panamax cranes to enhance box handling capabilities of Port Saint John Port Saint John received two additional post-panamax cranes late in January, strengthening its position as an important part of the Atlantic Gateway. The arrival of the new machines is part of a modernisation project worth over US$150 million which aims to upgrade Port Saint John. This project will be completed in the current year and is a three-way partnership between the Government of Canada, t
Does slight decline in US retail sales spell more trouble for box volumes? "Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-Covid trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia to North America container volumes," stated Niels Rasmussen, chief shipping analyst at BIMCO. Supported by Covid stimulus packages and mobility restrictions li
CMA CGM adds call at French Guiana port on its GUYANAS services CMA CGM has announced the expansion of its GUYANAS services to the port of Saint Laurent du Maroni in French Guiana, located on the northeast coast of South America. The GUYANAS 2 service, which serves Georgetown in Guyana on a weekly basis, will now include a monthly call at Saint Laurent du Maroni. The 2003-built vessel Cedric K will be used in the first sailing to the port of Saint Laurent du
cargo-partner to offer enhanced freight solutions across Irish sea Info-logistics provider company, cargo-partner introduces an enhanced road freight network, aiming to support customers with the import and export of goods to and from the United Kingdom and Ireland. With their recent introduction of daily and weekly road transport options to the market, cargo-partner's expert teams in Dublin, Manchester, Basildon and Bradford can support with a variety of tailor
Maersk continues internal integration with Senator International rebrand Maersk proceeds in the next stage of its internal integration with Senator International beginning to be phased out from today (1 February) and going to market as Maersk. The Copenhgahen-headquartered shipping company explained that the legal entities of Senator will remain unchanged for the time being, but Senator's products and services will now be available under Maersk. This announcement come
CMA CGM launches new rail services in Egypt CMA CGM Group announced new dedicated rail services in Egypt connecting Alexandria and Ain Sokhna ports to the October Dry Port (ODP) near Cairo's main industrial and logistics zone. CMA CGM said its rail solutions between Alexandria and Ain Sokhna ports and ODP offer "a very fast and dependable intermodal transit time of one day" to the ODP Ramp, as well as "a seamless customer experience with c
DNV cyber incident illustrates asymmetric impact of supply chain attacks on key vendors As shipping is no stranger to piracy, according to Justin Fimland, founder and president of NuHarbor Security, the DNV attack shows the asymmetric impact of supply chain attacks on key vendors. Fimlaid spoke to Container News , about the recent incident of a ransomware cyber attack on DNV's ShipManager software , which led to a disruption of over 1,000 ships globally. Justin Fimland noted the fac
DP World confirms US$17 million investment in new Southampton driver facility DP World has agreed to lease a 7,500 m² site next to its Southampton container terminal to establish state-of-the-art facilities for lorry drivers, as the UAE-based company continues its major investment programme in the United Kingdom. The US$17 million project will include driver welfare amenities such as a restaurant, showers, toilets, and 24-hour security, as well as expand the storage room
Box lines divert long-haul vessels to Persian Gulf and Indian lanes Liner operators have been moving tonnage from the Transpacific and Asia-Europe lanes to Far East-Persian Gulf and Far East-India routes where rates are steadier. Alphaliner's latest report, released today (1 February), said that the unrelenting slide in freight rates and cargo volumes, particularly in China after the Chinese New Year holidays, have led to significant changes in global container f
British fashion e-commerce firm appoints Maersk as strategic logistics partner Maersk will be the strategic logistics partner of ASOS, a British online fashion and cosmetic retailer, for supply chain management (SCM), according to a new multi-year partnership agreement signed by the two companies. Under the agreement, Maersk and ASOS will partner on SCM along with ocean and air services into all fulfillment centres globally. ASOS' four fulfillment centres, two located in th
ZIM announces new service linking South-East Asia with Australia ZIM, based in Haifa, Israel, launches a new service today (1 February) connecting major ports in South-East Asia and Australia, including the port of Fremantle in Western Australia. ZIM's new product, Thailand Fremantle Express service (TFX), aims to provide wider coverage in the region. The port rotation of the new service will be as follows: Ho Chi Minh (Vietnam) - Laem Chabang (Thailand) - Por
White Paper: Maritime Transport - Fuels, Emissions & Sustainability The shipping industry is a key economic driving-force of the world economy, with roughly 90% of traded goods reliant on shipping. However, the current generation of ships and most port infrastructure are heavily reliant on fossil fuels. In recent years there have been a number of regulations and targets put in place to reduce the greenhouse gases (GHG) produced by the shipping industry. The Inter
Georgia Ports boosts reefer container capacity Georgia Port Authority (GPA) has decided to increase chilled cargo capacity at the port of Savannah and private chilled and frozen warehouse space is set to grow by 11% in 2023 to over 205,000 m². "Expansion among our cold storage partners in the Savannah market will drive greater volumes of chilled cargo crossing our docks," said GPA executive director, Griff Lynch. The GPA board approved the co
ZIM emphasises on reefer cargo with new intra-America line Israeli box carrier ZIM announced the start of a new container service from the South America West Coast to the US East Coast, named ZIM Colibri Xpress (ZCX). The new line is expected to commence in the next weeks from Chile with the following rotation: San Antonio (Chile) - Callao (Peru) - Guayaquil (Ecuador) - Cartagena (Colombia) - Kingston (Jamaica) - Philadelphia (US) - Miami (US) - Kingston
Finland's first dry port in Kouvola is ready The Kouvola rail and road terminal (RRT) in Finland is now finished. The intermodal terminal's specialty is the kilometre-long loading tracks, which bring efficiency to the handling of freight trains. The project fell nearly US$6.5 million under the original cost estimate. The terminal is located in the Kouvola Tehola logistics area at the junction of the main road and railway network. The implem
Diana ships out vintage panamax to OceanPal Hot on the heels of the vintage capesize sale the Greek bulker owner Diana Shipping has offloaded its oldest panamax to its spinoff OceanPal. The 2005-built will change hands for $14m, of which $4m has already been paid while the remaining amount will be paid upon delivery in February in the form of OceanPal's preferred ...
LNG carrier runs aground in Suez Canal A large liquefied natural gas (LNG) carrier ran aground in Egypt's Suez Canal on Wednesday. Local media reported the shipping traffic was unaffected as the incident took place in a southern section of the canal where a second channel allows for ships to bypass the blockage. Initial reports by Norwegian ship agency Leth indicated the ...
ForestWave takes over Symphony Shipping MPP fleet Dutch owner ForestWave Navigation has acquired Symphony Shipping and its fleet of eight multipurpose (MPP) vessels for an undisclosed sum. The deal will see ForestWave's fleet increase to 24 units, including three newbuilds set to deliver in the next two years. As part of the transaction, ForestWave will also be taking over the shipmanagement activities ...
Germany launches 7 GW offshore wind auction Germany's Federal Network Agency (Bundesnetzagentur) has launched an auction for four new offshore wind sites in the North Sea and the Baltic with a combined capacity of 7 GW. As a step towards Germany achieving its offshore expansion goal of 30 GW by 2030, three North Sea areas, each with an output of 2 GW, ...
Hyundai Samho wins $2.05bn order for 12 methanol-fuelled boxships February is starting in the shipbuilding world in the same fashion as many months prior - with an avalanche of container and LNG orders. Hyundai Samho in South Korea has announced a $2.05bn order for 12 methanol-propelled large boxships - all due for delivery by the end of 2026. The yard did not reveal the ...
DOF shareholders seek to oust new board amid debt restructuring proposal Norway's DOF has said that a group of its shareholders are demanding an extraordinary general meeting for the election of new board members. The debt-laden Norwegian offshore vessel owner said the move suggested that shareholders do not support the board's proposal for reconstruction, under which they would retain 3.75% of the shares in the company. ...
Standardised Noon Report data format launched A standardised vessel dataset (SVD) for Noon Reports has been launched by the Smart Maritime Council, a cross-industry membership group, following the completion of a proof-of-concept project involving vessel operators OSM Maritime, Thome Group and V.Ships, offering a non-proprietary list of standard data points that can be freely applied by any maritime industry stakeholders to ...
TechnipFMC awarded up to $1bn contract by Aker BP TechnipFMC has been awarded a contract worth up to $1bn by Aker BP for its Utsira High development offshore Norway. The integrated engineering, procurement, construction and installation (EPCI) contract brings together three projects that will tie back to the Ivar Aasen and Edvard Grieg production platforms. TechnipFMC will engineer, procure, construct, and install the subsea ...
Maritime logistics unplugged Ana Casaca, the CEO of World of Shipping Portugal, gives readers a detailed look at how shipping companies are embracing logistics in their own individual ways. Maritime logistic is emerging as a new area of study. Worldwide, universities are drawing attention to it as an independent subject to be taught and not inside other subjects, ...
Transocean scores drillship deal in Brazil New York-listed offshore driller Transocean has secured a contract for its ultra-deepwater drillship, for work offshore Brazil. The contract, with a national oil company, is estimated at $392m, excluding mobilisation fee of 90 times the contract dayrate. The campaign is expected to start in the third quarter of 2023 and last for 910 days. The ...
Vancouver port moves a step closer to getting new terminal Steven Guilbeault, Canada's minister of environment and climate change, informed the Vancouver Fraser Port Authority (VFPA) last week of his determination that information provided by the VFPA has satisfied a request for additional details regarding potential effects of the proposed Roberts Bank Terminal 2 project on fish and fish habitat, salinity and Indigenous people. "As ...
New liner company readies to launch from Florida The United States has a new containerline. On Friday, Florida-based Oceanus Line will launch a service linking the US with Mexico and Colombia, according to Alphaliner. The fortnightly Florida Gulf Express will call at Port Manatee, Freeport and Cartagena, with Alphaliner suggesting the new company will be using the 1,674 teu for the service. There ...
2023 tipped to be a top year for owners seeking to finance their fleets Shipowners this year have one of the best opportunities in recent memory to finance their fleets, according to a new study from oceanis, a Hamburg-based ship finance platform Strong earnings across sectors, coupled with a flood of cheap money from quantitative easing efforts, have pulled more banks and more investors into shipping after the pandemic. ...
Jiangsu Steamship takes Diana cape Jiangsu Steamship has for the third time in three years laid down the winning bid for a cape up for sale. The Chinese bulker player is the taker of a ship sold by Greek bulker owner Diana Shipping, tabling $15.08m for the 2005-built . The pure breed bulker player has taken advantage of the uncertainty ...
India to build $5bn Bay of Bengal container transshipment terminal India's Ministry of Ports, Shipping and Waterways has announced that the country will build a new container transshipment terminal, the Galathea Bay Transshipment Port. In a statement, the ministry said a transshipment hub in India would "attract Indian and regional transshipment traffic from the current hubs, save significant revenue loss, reduce logistics inefficiencies for Indian ...
MSC boxship runs aground in Singapore Local authorities said that an underwater survey has been ordered to inspect the hull and that a patrol boat was...
Dorian LPG posts record revenues as VLGCs continue upswing Company's earning capacity to expand with four additional VLGCs to join the fleet as well as with fitting of scrubbers...
Multi-purpose sector faces renewed competition from beleaguered boxships and bulkers Among the multi-purpose cargoship classes, premium project carriers will benefit the most from a strong demand from the renewable energy...
West coast labour negotiations still stuck over Seattle strife Lloyd's List understands that talks are still at an impasse over a jurisdictional issue involving two rival unions
Dry bulk trade seen returning to growth in 2023 The main swing factor for steel-related and other trades will be China, which is facing stiff economic and Covid-related headwinds...
Ukraine grain corridor departures fall to four-month low Demand for travel under the initiative has increased, but daily inspections have not grown at a level needed to meet...
Will methanol bunkering pick up in 2023? The world's second-largest bunkering port expects methanol bunkering to become a regular feature from July onwards, although it may take...
Confirmed P&I renewals only at halfway mark with just three weeks to go, brokers claim 'In the current renewal climate, owners may be feeling that since all clubs are being consistent in their renewal demands...
Consumers hold the key to container demand Consumer demand was artificially boosted during the pandemic. As it normalises and inventory levels are wound down, freight demand will...
Chinese automaker revives domestic shipyard for PCTC orders Deal illustrates the rising interest among China's car manufacturers to take control of vessel capacity, despite concerns about their lack...
Methanol-fuel boxship orderbook grows as CMA CGM signs up for dozen newbuilds The global methanol-capable boxship newbuilding backlog has now hit 59 vessels able to be powered by this alternative fuel. However...
Titan buys two LNG carriers from Seapeak The two vessels will operate in the Mediterranean and northwestern Europe and will cater for the increased demand for liquefied...
Seafarers were happier in 2022 Although the Seafarers Happiness Index data shows positive progress, there are still persistent issues that need to be addressed, such...
Kirby expects favourable market conditions in 2023 Both of Kirby's business segments reported year-on-year improvements in the fourth quarter, and chief executive and president David Grzebinski expects...
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US LTL freight volumes starting to improve ahead of spring: ODFL Old Dominion Freight Line "has its fingers crossed" that the decline in less-than-truckload volumes is turning and an increase in freight demand will be seen in March or the second quarter.
Improved US cargo flow drives continued gains in trans-Pacific schedule reliability The return of US ports to normal cargo flow is demonstrated starkly in the year-over-year comparisons of vessel schedule reliability in the Asia-US trade.
Early Lunar New Year stalls Asian air cargo recovery The traditional air cargo market slowdown has been exaggerated by an early start to the Lunar New Year and an unfavorable comparison with last year's robust peak season.
Sourcing shift from China pulls US import share to more than a decade low Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam, India, and South Korea, writes Journal of Commerce Executive Editor Mark Szakonyi.
Intermodal contract savings fell in Q4 ahead of 2023 bids Shippers saved less than in prior quarters on their intermodal contracts to close 2022, setting up a race to the bottom this year to keep freight on the rails.
Port of Los Angeles proposes $600m cruise terminal project Effort entails building new cruise terminal and redeveloping existing World Cruise Center
Reader survey: Which shipping companies are on the leading edge of green technology? Have your say in the Green Seas First Movers Business Focus
Panama Canal congestion a new way of life for shipping, Dorian says Delays at the canal will help the market deal with the 46 VLGC newbuildings set for delivery sometime this year
MSC container ship reportedly grounds in Singapore Strait in 'potentially very serious' situation Claims consultancy reports crew may have been evacuated from the 14,300-teu container ship
Cruise Lines and shipyards call for recognition under EU's Green Deal The European Union wants to support industries contributing to decarbonisation
Diana Shipping sells oldest panamax bulker to sister company OceanPal $10.4m deal brings spinoff's fleet to five bulkers in less than a year
Signal Group start-ups incubator sells its first offshoot venture Energy Aspects buys OilX supply and demand platform
Indian-chartered, NYK Line LNG carrier refloated after Suez Canal grounding Vessel attended by three tugs but traffic not obstructed
Green Seas: Commodities giant's shipping arm sees biofuels as key pillar of decarbonisation Our environment newsletter looks at how Cargill aims to build up its biofuels business
European tankers return to Baltic ports as new price-cap rules hit Kremlin says its customs teams will stop oil cargoes leaving Russian ports if the G7 price cap has been applied
Braemar hands out new shares after bringing in 10 tanker brokers from Medco Broker allots stock worth nearly $1m as part of recruitment
SFL set to lose millions from UK container line failure Four shipowners will see fractions of pennies on the pound after legal action tipped an English liner project over the edge
MOL posts weakest quarter as boxship freight rates crumble Improvements in other sectors are insufficient to counter declining container freight rates and improving tonnage supply
Tanker book to keep shrinking unless 118 ships ordered in 2023, BRS says Fundamentals continue to appear strong as higher prices still deter owners from reaching for chequebooks
SSY expects 'another volatile year' in dry cargo as China remains the one to watch Broking group thinks 2023 will be much like 2022 for bulkers, with a decent finish to the year if economic headwinds abate
Dorian LPG tops up payouts amid strong rates, soaring profit Panama Canal delays and robust markets boost VLGC owner's quarterly net income to highest level in seven years
CMA CGM splashes out $2bn on large methanol-fuelled container ship orders The French liner operator has ordered a dozen 13,000-teu newbuildings at Hyundai Samho Heavy Industries
Maersk Tankers: The long-haul factor driving tanker fortunes in 2023 Commercial chief predicts tonne-miles will increase 9% this year with a second wave of European oil sanctions
Noon reports enter 21st century with standardised digital format Smart Maritime Council with Stolt Tankers, OSM Maritime, Thome Group, V.Ships and Lloyd's Register create standardised digital noon report format anyone can use
Feeder specialist SITC doubles profit as newbuilds keep coming Container ship fleet expansion lifts Chinese operators profit to $1.9bn
Hapag-Lloyd swings behind ammonia with pilot bunker projects in Europe and US Giant container line working with fuel provider Mabanaft to evaluate options for green bunkering in Hamburg and Houston
Lack of tanker S&P candidates driving owners to yards, SSY warns Sale and purchase chief Toby English notes increasing newbuilding enquiry levels for bigger tanker sizes
Cosco tanker arm bounces back with Russia war boost Owner says freight rates have improved across its diversified fleet
MOL linked to two-ship LNG carrier order at Samsung Heavy Industries New contract shows South Korean yards are starting to release their 2027 delivery slots
Law firm WFW opens up in South Korea with new partner hires Seoul base will build on existing relationships in big shipbuilding and shipowning nation
Benelux Overseas reportedly sells veteran VLGC for recycling in India Gas Spirit 1 the only bright spot in market that has Indian recyclers otherwise fighting over scraps
How ransomware attack on DNV put ship manager system in limbo Operators of as many as 1,000 vessels struggling to deal with issues caused by cyber attack on class society's ShipManager software servers three weeks ago
Legal action over Frontline merger clouds Euronav's pay-out picture Analysts believe hefty withheld dividends could be delayed again as arbitration goes on
'Non-traditional' tanker buyers drive record sales, says Clarksons Clarksons says Europeans represented only a quarter of buyers during the record year in 2022
Owner denies world's oldest cruise ship has been sold for recycling Popular vessel with a colourful career spanning 75 years may be sold for further trading, according to The Roundtable
MPCC signs deal to buy synthetic diesel made from CO2 and hydrogen German tonnage provider talks up instant impact of fossil-fuel replacement
Chinese automaker Chery takes over domestic shipyard to build car carriers and bulkers Samjin Shipbuilding will be the second shipyard owned by the Chinese automaker
Greece's Roswell Navigation places its biggest tanker in Navig8 pool Suezmax acquired from Ridgebury Tankers in October joins current Ridgebury vessels in Suez8 operation
John Fredriksen-controlled SFL set to lose millions from UK container line failure Four shipowners will see fractions of pennies on the pound after legal action tipped an English liner project over the edge
Rebel DOF shareholders want new board ousted as bankruptcy decision looms Reconstruction goes to the wire as turmoil continues among investors
Chinese newbuild orders becoming more diversified and greener, says Clarksons Chinese owners were the largest investors in newbuild tonnage in 2022 and now hold the largest combined national fleet and orderbook globally.
Transportation industry representatives attack infrastructure law rollout Republican lawmakers blame the Biden-backed $1.2 trillion infrastructure bill for boosting inflation and vow to step up oversight on how the money is spent.
Just how big are the global container shipping alliances? The 2M partnership between MSC and Maersk - which is breaking up - is the smallest of the three alliances. The Ocean Alliance is much larger.
Sloths die of cold exposure on Qatar Airways jet in Belgium Three furry sloths died when the heat stopped working on a Qatar Airways jet during a long delay at frozen Liege Airport
Virtual Hong Kong airline to lease new 777 converted freighters Fly Meta has one aircraft and no pilots, but it plans to acquire four Boeing 777 jets transformed for dedicated cargo carriage.
Viewpoint: The 1 trade pipe that will signal a turnaround Look at ocean freight bookings as a signal that manufacturing orders are increasing.
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