NSC 10 completes builder's sea trials Huntington Ingall Industries' Ingalls Shipbuilding division reports that NSC 10, the U.S. Coast Guard's tenth and newest national security cutter, Calhoun (WMSL 759) has now completed builder's sea trials The ship successfully
Auckland Transport orders another hybrid-electric ferry Incat Crowther has been commissioned to deliver the design for a second new 300-passenger hybrid-electric fast ferry for New Zealand's Auckland Transport (AT). The project will see Incat Crowther work closely with
NTSB reports on $1 million fire that totaled towboat Mary Dupre Cracks in a muffler and the substantial use of combustible materials in accommodation spaces led to a fire aboard the 48-year old towing vessel Mary Dupre on the Gulf Intracoastal Waterway near
BIMCO calls on vessel owners as Bangladesh and Liberia ratify HK Convention The International Maritime Organization (IMO), Bangladesh, and Liberia have announced the ratification of the Hong Kong Convention by both nations. BIMCO believes the ratification marks the beginning of a new era for the ship recycling industry. During the two-year interim period, ahead of the entry in force, BIMCO is calling on shipowners to choose globally compliant yards for the benefit of the
Hapag Lloyd increases rates from Middle East / Indian Subcontinent to US East Coast Hapag Lloyd will apply a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from the Middle East / Indian Subcontinent to the United States East Coast for cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. The German ocean carrier said the GRI will be US$200 per box and will be applied from 1 August for containers transported from Indi
CMA CGM revises peak season surcharge from Indian Subcontinent to US East Coast French ocean carrier CMA CGM decided to revise the Peak Season Surcharge (PSS) from the Indian Subcontinent to the US East Coast in July. The updated surcharge will be US$150 per 20' dry container and US$300 per 40' and 45' dry box. The revised PSS will launch on 1 July from India and Sri Lanka to the US East Coast ports of New York, Norfolk, Savannah, and Charleston, while from Pakistan to the a
Konecranes wins public tender for container handling equipment from Danish terminal Copenhagen Malmö Port (CMP) will receive new container handling equipment from Finnish manufacturer Konecranes for a new box terminal in Copenhagen, the capital of Denmark. After winning the public tender, Konecranes will supply eight hybrid straddle carriers that will be delivered in the fourth quarter of 2023, and two ship-to-shore (STS) cranes, scheduled for delivery in the first quarter of 20
Sea-Intelligence reports improvement in global schedule reliability Danish maritime data analysis firm Sea-Intelligence analysed the trend in ocean carriers' schedule reliability levels for May 2023. The report contains the global highlights from the entire study because the research is extremely detailed and examines schedule reliability across 34 different trade lanes and 60+ carriers. Source: Sea-Intelligence.com, GLP Report, issue 142 According to the Danish
Fatal shipyard accident involves X-Press Feeders ship Shanghai Waigaoqiao Shipbuilding (SWS) has suspended work after three yard workers died while working on a 7,000 TEU vessel ordered by X-Press Feeders. Chinese publication Caixin reported on 27 June that the accident happened around 6 pm local time on 16 June, while the vessel was being assembled in a dry dock. A large block section reportedly fell on the workers shortly after it was placed on th
Gebrüder Weiss Supervisory Board appoints new chairman At the company's Supervisory Board meeting on 19 June, Wolfgang Niessner, the previous long-time Gebrüder Weiss Management Board chairman, was appointed as the new Gebrüder Weiss Supervisory Board chairman. Gebrüder Weiss said it can rely on Wolfgang Niessner as chairman of the Supervisory Board since he has great leadership credentials and a long and very successful career in the logistics busin
Canadian port workers go on strike tomorrow The International Longshore and Warehouse Union Canada (ILWU Canada) issued a 72-hour strike notice to the British Colombia Maritime Employers Association (BCMEA) with regards to the expired collective agreement. The BCMEA received a formal, written strike notice on 28 June and ILWU Canada member longshore workers will walk off their jobs at 8 a.m. tomorrow, 1 July. "Since 28 March, the BCMEA and
Worst June in years for spot rates as WCI breaches US$1,500 In what was the worst ever month of June since 2015, the latest quotes also saw the level of US$1,500 breached for the first time since the second week of March 2020. June has traditionally been a stronger month owing to the end of the peak season but the Drewry World Container Index (WCI) shed about US$191, over 13%, abating the relatively stronger quarterly performance for rates in over a year.
Los Angeles and Nagoya ports enhance their ties with new agreement signing Officials from the ports of Los Angeles in the United States and Nagoya in Japan have signed a new Memorandum of Understanding (MOU) to expand collaboration on key sustainability and operational efficiency initiatives such as port community systems and digital supply chain information sharing, zero-emission vehicle and equipment testing, and the establishment of a new Green Shipping Corridor betw
Globe Tracker appoints new CEO Danish solution provider for supply chain visibility Globe Tracker International ApS announced the appointment of Joel undir Leitinum as the company's chief executive officer (CEO). Rich Meyers, who served as CEO of the company during the last 18 months, will return to his prior role as chief operating and strategy officer (COSO). Joel undir Leitinum's hiring coincides with a US$15 million fundin
MSC reports progress in sustainability initiatives MSC published in its 2022 Sustainability Report that it is committed to enabling the development of resilient and sustainable supply chains, promoting the transition to net zero. According to the company, MSC's Cargo Division takes a holistic approach to sustainability, building on the fundamentals of business ethics, protecting the planet and ensuring a safe place to work. All this comes, while
Saint John Port Authority appoints Shilo Boucher to the Board of Directors Shilo Boucher was recently appointed as a new director of the Saint John Port Authority for a three-year term which started on 8 June 2023. Shilo Boucher studied business administration at the University of New Brunswick Saint John (UNBSJ) and graduated in December 1999. She worked at a public accounting business from 1999 to 2006, where she gained her chartered accountant (CPA) qualifications in
Compass Forwarding announces new facility in Chicago Compass Forwarding, a full-service international transportation and logistics company, has built an office and warehouse in Chicago, expanding its presence in one of the US fastest-growing logistics regions. The customer service centre and1,560 m² warehouse are in Elk Grove Village, Illinois, just minutes from O'Hare International Airport and train hubs in Chicago. In addition, the customer servi
BASF, Yara to evaluate low-carbon blue ammonia project at US Gulf Coast BASF and Yara Clean Ammonia are collaborating on a joint study to develop and build a global-scale low-carbon blue ammonia production plant with carbon capture in the US Gulf Coast region. In particular, the companies are considering the feasibility of a plant with a total capacity of 1.2 to 1.4 million tonnes per year to serve the growing global demand for low-carbon ammonia. According to BASF,
Box exports from Asia to US plunge Container exports from 18 Asian economies to the United States fell around 21% year-on-year in May to 1,582,195 TEUs, continuing a nine-month decline, according to statistics compiled by the Japan Maritime Centre (JMC). China exported 884,994 TEUs, a decrease of 18%, South Korea exported 99,395 TEUs, a decrease of 14%, Taiwan exported 58,553 TEUs, a decrease of 20%, and Japan exported 49,174 TEUs
Port of Oakland gets "green light" and funding for green power project The California Transportation Commission (CTC) voted to provide the Port of Oakland a US$42 million funding for its Green Power Microgrid Project. This project will significantly improve the port's potential to provide green-sourced electricity to its seaport operations, bringing it closer to its zero-emissions target. The Port of Oakland collaborated with Caltrans and the Metropolitan Transporta
THE Alliance set to raise capacity on Asia-North Europe service Capacity on THE Alliance's FE3 Far East - North Europe loop is expected to increase, as Hapag-Lloyd and Ocean Network Express (ONE) will take delivery of four more 24,000 TEU newbuildings in July and August. The four ships will replace vessels in the size range from 13,400 to 19,870 TEU, according to Alphaliner. THE Alliance's third Asia - North Europe loop used to be operated with a mix of 16,01
MSC Air Cargo to digitalise operations through IBS Software's solution MSC Air Cargo unit has selected IBS Software, a software as a service (SaaS) solution provider, as a strategic partner in order to digitally transform its cargo operations. IBS Software's iCargo SaaS solution for air cargo management will establish a fully digital platform for MSC that includes cargo sales, operations, cargo accounting, and a portal. When completely deployed, iCargo will provide
Focus on blank sailings: Sea-Intelligence sees post-pandemic low levels Danish maritime data analysis firm Sea-Intelligence announced that the global container shipping markets are continuing on their path to normalisation. However, a normal container shipping market, Sea-Intelligence notes, is not the same as a container shipping market with no changes or disruptions; there will always be operational disruptions, a portion of which will be in the form of blank saili
NWSA suffers huge container import decline The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, announced that total TEUs fell about 24% year-to-date (January-May) to 1,142,115 TEUs, with total imports and exports down 31% and 2%, respectively. In May, NWSA handled 229,974 TEUs, translating to a 30.3% decrease compared with the same month last year. Full imports fell 35.2% as impo
OMV taps TechnipFMC for subsea work on Berling gas project Oil and gas firm OMV has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for the Berling natural gas offshore project. The development concept for the field is a four-slot subsea production template tied back via a 24-kilometre pipeline to the Equinor-operated Åsgard B processing platform for separation and treatment. It ...
Yinson Production JV awarded FPSO charter extension in Vietnam A joint venture between Singapore-based Yinson Production, part of the Malaysian Yinson Group, and PetroVietnam Technical Services Corporation (PTSC) has secured a one-year bareboat charter extension for the floating production storage and offloading vessel . Yinson's 49%-owned PTSC Asia Pacific has fixed the unit to PTSC until June 30, 2024, in a deal worth $27.3m, ...
Danaos linked to boxship orders at Yangzijiang Greek boxship owner Danaos Corporation has been linked to a pair of newbuild orders at Yangzijiang Shipbuilding in China. Industry sources suggest the New York-listed tonnage provider is behind two 8,000 teu vessels, out of 25 boxship contracts the yard most recently committed to deliver between 2025 and 2027, including ten 24,000 teu LNG dual-fuel ...
Australia looking to open up 14GW offshore wind zone Australia's Minister for Climate Change and Energy has proposed an area in the Southern Ocean to be zoned for the development of offshore wind projects. The area covers 5,100 square kilometres from off Warrnambool, Victoria, in the southeast to off Port MacDonnell, South Australia, in the northwest. The Australian authorities believe that the offshore wind ...
Gen2 Energy and Provaris join forces to develop European hydrogen supply chain Gen2 Energy and Provaris Energy have signed a collaboration agreement to conduct a comprehensive prefeasibility study to determine the technical and economic viability of producing and supplying compressed green hydrogen from the hydrogen project in Åfjord to European ports using Provaris' marine storage and shipping solution. Martin Carolan, CEO of Provaris Energy, said, "We are ...
Splash cartoonist official merch up for grabs The Freaky Wave, Splash's cartoonist, has debuted a range of merchandise that he describes as being well suited for "seagoing cynics". A marine pilot for his day job, The Freaky Wave has been penning cartoons to idle away the hours ever since his first trip as a deck cadet on a banana boat. Nautical themed ...
Philip Oetker leaving Hamburg Süd Philip Oetker is leaving Hamburg Süd, the last family member linked to the previous ownership of the famous German shipping line. Maersk bought Hamburg Süd from the Oetker family in 2017, and has gradually integrated the line into the Danish carrier's global operations. In January this year Maersk announced it was moving towards a single, ...
Mejia takes the helm at WMU Professor Maximo Mejia has succeeded Dr Cleopatra Doumbia-Henry as president of the World Maritime University (WMU). Appointed by the secretary-general of the International Maritime Organization (IMO), who also serves as chancellor of the university, Mejia, a Filipino, assumes the role of CEO, overseeing and directing the academic programmes, operations and administration of the university. Mejia
Singapore and the multi-fuel future The Southeast Asian republic is preparing solutions to remain the dominant ship fuelling hub for the 2020s and beyond. The latest installment from our brand new Singapore magazine. Singapore has maintained its huge dominance in the global bunkering scene, while prepping for a new fuel future with LNG, biofuels and methanol looking like key alternate ...
Seaway 7 lands East Anglia Three offshore wind deal Subsea 7's offshore wind service specialist, Seaway 7, has firmed up a contract with ScottishPower Renewables for the East Anglia Three offshore wind project in the UK. The deal, worth between $500m and $750m, includes the transport and installation of 95 foundations and inner-array cables and comes a year after the preferred bidder agreement was ...
The IMO must show leadership on carbon emissions or face irrelevance If China gets its way, fragmented regionalism will replace the United Nations specialist agency as the rule maker. That is...
American Club cuts combined ratio despite doubled financial losses Fixed premium offering said to be growing market share
The Lloyd's List Podcast: Is shipping's zero carbon revolution on track? Shipping's zero carbon transition has made progress, but in key areas, it is stalling. The magnitude of action and investment...
What to expect from IMO's MEPC80 The global shipping regulator has been facing calls to set more ambitious GHG emissions reduction targets in recent years and...
EU-bound bulker traffic from Russia has fallen 66% amid sanctions As sanctions come into force, the number of bulkers calling Russia then Europe has dropped this year to May versus...
China detains unsafe VLCC suspected of involvement in Iranian oil trade The episode comes against the backdrop of increased efforts from local maritime authorities to regulate calls from old and suspicious...
MEPC80 and the transformation of shipmanagement V.Group chief executive René Kofod-Olsen has moved away from transactional relationships with shipowners to a broad-based shipping solutions portfolio. In...
Enquiries for secondhand boxships still strong despite pressure on charter rates US-based non-operating owner Seamax is rumoured to have sold two 8,000 teu capacity ships and one 4,800 teu vessel
The perils of mistaking market weather for long-term climate change Having the right ships at the right price at the right time - and, crucially, being in a position to...
Ship finance: Banks face decarbonisation lending dilemma Private capital is filling finance gaps as bank lending shuns older or fossil fuel-linked vessels
Scandlines continues post-pandemic recovery Danish ferry operator bounced back from the effects of the pandemic in 2022. Continued growth is expected but economic headwinds...
Falling contract box rates put pressure on carriers Contract rates and freight rate indices have fallen by half since the start of the year. Spot rate trends give...
Daily Briefing Industry uproar over Nigeria tanker tax demands | Russia uses South Korea port for ship-to-ship transfers | Ukraine's Danube ports...
Logistics integration partnerships defy freight demand downturn Growing partnerships between software vendors and integrators with expertise in their solutions and their customers systems highlight the importance of the technological plumbing that underpins logistics networks.
Yellow asks Biden to help bring Teamsters 'to the table' In a letter Thursday, less-than-truckload provider Yellow asked President Biden to intervene personally in its dispute with the Teamsters and break an impasse it claims threatens 22,000 union jobs.
'Intriguing' move: Castor reveals 15% stake in Eagle Bulk, highlighting jitters over takeover Cyprus bulker and container ship owners joins Danaos as major shareholder after Oaktree exit
Capesize bulker market hands back gains as China's manufacturing sector weakens Smaller bulkers are poised to benefit from heightened coal demand from China, Clarksons Securities analyst says
Podcast: Hopes and fears for a crucial IMO meeting on shipping emissions The audio edition of Green Seas talks to experts on the UN shipping regulator about what can be achieved next week, and what they worry about
Carnival 'incredibly proud' of decarbonisation efforts despite green group's low marks New York-listed cruise giant says it is only major cruise provider that is emitting less greenhouse gases since 2011
IMO hedges its bets on 2050 decarbonisation deadline A carefully worded document allows for flexibility on dates for achieving zero carbon shipping
ViaMar tips $100,000-plus VLGC rates to fall as vessel deliveries rise But the Norwegian research company says inefficiencies will soften the blow
Klaveness Combination Carriers reveals emissions cut targets alongside sustainability financing Oslo owner wants to slash carbon intensity by 46% by 2030 in $190m debt deal
Comment: Shipping must do away with charterparty warranties to fix 'the best of the best' Disclosure of fleet performance datasets, rather than charterparty descriptions, can drive environmental benchmarking, writes Weathernews' Jesse Vecchione
Navigator nearly 'good to go' on carbon carrier orders as it targets UK with Bumi Armada Bluestreak CO2 venture sees major market in UK but needs customer in place to forge ahead
Editor's selection: Kitack's rallying call; What next in Eagle Bulk-Danaos tussle?; and life lessons from shipping journalism A look back at some of the highlights of TradeWinds' news coverage this week
Nihon Shipyard alliance boosted by technical tie up with MHI A collaboration pact has been agreed to design and build a new generation of low-emission vessels
Bulker owner Atlantska plots share sale worth up to €27.8m Croatian company raising cash after profit dwindled in the first quarter
NEoT enters ship finance with deal to fund CTVs for Northern Offshore French lender aims to speed up Swedish owner's fleet decarbonisation
Falling rates mean container shipping recovery is further away, say analysts 'Meaningful recovery' pushed back until 2024 as economic picture darkens
CII six months on: a plague on both your houses? Pushing square-peg regulations through a round time-charter hole is challenging. And there is no silver bullet, argues Reed Smith partner Nick Austin
Color Line adds purchase option as it stretches SuperSpeed 2 charter by five years Norwegian operator strikes new deal for vessel owned by Oslo Line
Paris MoU takes aim at flag states as ship detentions hit 10-year high But port authority inspections rise to normal levels again after Covid-19 interruption
Rina's Roberto Cazzulo elected as next IACS chair Lloyd's Register's Nick Brown will step down from the role in January
Provaris aims to ship hydrogen from Norway in deal with Gen2 Energy Agreement is part of efforts to develop a large-scale European clean fuel supply chain
Shoei Kisen inks four MR product carriers at Minaminippon Order brings specialist Japanese yard back into tanker construction
DNB and Nordea emerge as lenders behind Diana Shipping's $123m refinancing Greek bulker owner says cash will replace loans from ABN Amro and Nordea itself
Subsea 7 bags UK offshore wind contract for work on massive farm Deal with ScottishPower Renewables raises Oslo-listed company's backlog by at least $500m
Comment: Lessons from a life (sentence?) in shipping news TradeWinds journalist Paul Berrill looks back on more than 35 years of reporting on shipping
Philip Oetker quotes Winnie the Pooh as he leaves Hamburg Sud The last link to the former owning family says: 'How lucky I am to have something that makes saying goodbye so hard'
With a pause in the storm, what comes next for Danaos and Eagle Bulk? Equity analyst sets out some guideposts, while retail investors react to recent strategy by both shipowners
Recovery in Chinese crude demand 'well underway', says Clarksons Shipbroker says 'oil demand, refinery runs and seaborne oil trade volumes' have picked up firmly
Critical level approaching for trans-Pacific spot rates Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.
TSA security exemption for unwieldy air cargo sunsets Oct. 31 The Transportation Security Administration's grace period for "impossible-to-screen" shipments is ending soon. They won't be allowed to fly overseas unless companies adopt existing security programs.
Seafarers' contributions are vital for global economy A new report is highlighting the contributions of seafarers and how these unsung heroes of the sea help boost gross domestic product.
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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