VIDEO: WSF set to open new Colman Dock "front door" Efficient ferry operations depend on terminals as well as ferryboats (something that will be on the agenda at our upcoming FERRIES event) and America's largest ferry operator - Washington State Ferries -
NTSB reports on deadly USCG cutter collision with small boat The National Transportation Safety Board has issued its report on an August 8, 2022, incident in which the 154 foot long U.S. Coast Guard cutter Winslow Griesser (WPC-1116) collided with the 23-foot-long
PODCAST: ABS and GLDD talk offshore wind opportunities In this edition of Marine Log's Listen Up! podcast, we talk to Wei Wong, ABS director of offshore wind, and Mike Greenwood, commercial director - offshore wind at Great Lakes Dredge &
Navy awards multi-year contracts for nine Flight III destroyers The Navy yesterday awarded multi-year construction contracts for nine DDG 51 class destroyers. Three will be built at GD Bath Iron Works, Bath, Maine, one each in FY 2023, 2024, and 2026.
Himalaya Shipping bunkers two bulkers with LNG Two LNG dual-fueled Newcastlemax bulkers have recently bunkered with LNG in Singapore. Why is that news? It's often forgotten that just because ships are capable of burning LNG as fuel it doesn't
Op-Ed: Building today, but designing for tomorrow By Rami Hirsimaki, Senior Vice President, Marine & Offshore Energy at Elomatic When it comes to ship design, looking beyond the horizon is more important than ever. Decarbonization is no longer an
Tow-away regulations in Rotterdam for incorrectly moored barges In Rotterdam, new tow-away regulations have been implemented for improperly moored and anchored barges. The Port of Rotterdam Authority has amended its General Terms and Conditions to address this issue. There are substantial penalties for those who violate these regulations. For years, various parties have faced difficulties due to barges being incorrectly moored and anchored. The nominal fine (
Valenciaport calls for tenders for the air quality network control service Valenciaport is putting out to tender the service that guarantees the optimum state of the cabins that measure the quality of the air and other environmental parameters in the installations and in the areas close to the Valencian ports for an amount of €292,578 (around US$320,000). In total, the Valencian ports have three air quality control booths. The Port of València has two of these environme
Transatlantic party over as rates plunge Celebrations are over for liner operators that transferred ships to the Transatlantic lane after Asia-Europe and Transpacific rates began tanking, according to Alphaliner's report today (2 August). Ellerman City Liners, a shipping line started by UK freight forwarder Uniserve, started transferring its chartered ships from the Asia-Europe trade to a new Europe-US East Coast loop in December 2022.
ONE avoids making full-year forecasts as market becomes uncertain Ocean Network Express (ONE) said on 1 August that the market remains uncertain after its net profit for the three months ended 30 June plunged 91% from the year-ago period to US$513 million. As such, ONE has refrained from making predictions about its financial performance for the current financial year, which ends on 31 March 2024. ONE said, "The containership market is in the midst of major cha
CMA CGM enhances FAL 1 service French ocean carrier CMA CGM has announced the extension of its FAL 1 service into Poland. The Marseille-based company said the first sailing Westbound from Asia will be on 10 August ex Pusan with CMA CGM Jacques Saade with an estimated time of arrival (ETA) at Gdansk on 5 October. The updated FAL 1 service rotation will be Pusan (South Korea) - Ningbo (China) - Shanghai (China) - Yantian (China)
Freeport of Riga Board appoints new chairman On 26 July, at the Freeport of Riga Board meeting, Gints Sivins has been elected Chairman of the Freeport of Riga Board, while Edgars Stelmachers will henceforth be the Deputy Chairman of the Board. Gints Sivins has a master's degree in law. He worked in the field of commercial law as well as managed companies in various sectors, providing services and advice on legal and financial issues. Curren
Hapag-Lloyd completes SM SAAM terminal business acquisition Based on a deal announced in October 2022, Hapag-Lloyd successfully completed its 100% acquisition of SM SAAM's terminal operations and related logistics services. All relevant antitrust authorities in the countries involved in the acquisition process completely approved the transaction. The transaction includes interests in terminals at Iquique (Chile), Antofagasta (Chile), San Antonio (Chile),
Carrier Transicold launches global reseller partner channel Carrier Transicold announced the start of the BluEdge Partner Program, a new worldwide reseller partner channel that will provide distribution of its refrigerated container telematics products and services. Carrier Transicold will increase its capacity and distribution reach by establishing a global network of BluEdge Partners through the reseller channel. The channel will sell, install, and comm
MABUX fuel indicators show steady upward trend Marine Bunker Exchange (MABUX) global indices displayed a firm upward trend in the previous week. The 380 HSFO experienced an increase of US$15.18 reaching US$525.19/MT. Similarly, the VLSFO saw a substantial gain of US$21.49, climbing to US$627.82/MT and the MGO saw a significant growth of US$42.48 reaching US$872.8/MT. "At the time of writing the uptrend prevailed in the global bunker market,"
Hapag Lloyd increases rates from Asia to US East Coast Hapag Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Sri Lanka, Pakistan and Bangladesh to the East Coast of the United States. The German carrier will increase its rates by US$200 per box from 1 September for cargo transported in 20' and 40' dry, reefer and special containers, including high cube equipment. The post appeared first on Container
Vega Reederei orders 10 eco coasters in China Germany's Vega Reederei is expanding its fleet with 10 diesel-electric coaster newbuilds in China. The 3,800 dwt vessels designed by Dutch Conoship will be built by a company of the Sinomach Group for delivery as early as August 2024 until May 2025, on a monthly basis. The move makes the Hamburg-based owner's re-entry into the ...
Bunker spill shuts down Gibraltar port Operations at the Gibraltar port have been called off after an oil spill incident in the bay earlier this week. The incident occurred on Tuesday morning in the southern part of the western anchorage when Panama-flagged LPG carrier experienced an overflow of its tanks while taking on bunkers at the Bay of Gibraltar from the ...
Russia strikes grain export port on Danube Russian forces launched a new drone attack on southern Ukraine's coastal Odesa region, including the Danube River port of Izmail, targeting infrastructure on a crucial alternative route for grain shipments amid Moscow's blockage of Ukrainian Black Sea ports. Ukraine's defence ministry said on the messaging platform X, formerly known as Twitter, that a grain silo ...
Hibernia pleads guilty to 2019 oil spill charge Hibernia Management and Development Company (HMDC) has pled guilty to a charge stemming from a 2019 oil spill from the Hibernia platform offshore Newfoundland and Labrador. The HMDC-operated Hibernia platform experienced two oil spills in 2019. The first spill was on July 17, 2019, when 12,000 litres of oil were spilt into the Atlantic Ocean. ...
Eitzen acquires LPG shipowner B-Gas Norway's Eitzen has added a fleet of LPG carriers to its expanding shipping empire, buying B-Gas from Bergshav Shipholding for an undisclosed sum. B-Gas owns and operates 10 LPG vessels ranging in size from 3,000 to 5,000 cu m, which mainly operate in the northwest European market. B-Gas also commercially controls three LPG carriers through ...
Wood extends service provision deal with Shell UK consulting and engineering firm Wood has been awarded a multi-year enterprise framework agreement (EFA) to continue providing services to Shell's global projects. The agreement will see Wood continue to support projects that ensure energy security and enable energy transition projects focused on carbon capture, low-carbon fuels and hydrogen. The company will continue to deploy ...
Procopiou continues order spree with eight kamsarmax bulkers at Huangpu Wenchong George Procopiou's huge ordering spree continues with more bulk carriers in China. Hot on the heels of Sea Traders' deal for ten 82,000 dwt kamsarmaxes at Hengli Heavy Industry, Procopiou's bulker arm has booked eight 85,000 dwt newbuilds at CSSC-affiliated Huangpu Wenchong Shipbuilding for the first time. The latest 228.9 m-long newbuilds will deliver between ...
Norden invests in biofuel scale-up Shipping lines investing in fuel firms to help stay in control of their coming green transition is becoming a trend. Denmark's Norden announced today it has acquired a minority stake in MASH Makes, a Danish-Indian biofuel scale-up, which researches, develops and produces renewable fuels from biomass waste. The investment is a strategic partnership, where Norden ...
Shelf Drilling pens $17m UK North Sea jack-up deal Offshore drilling firm Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with China's offshore oil and gas producer CNOOC. The contract was awarded to the offshore driller subsidiary, Shelf Drilling North Sea, by CNOOC Petroleum Europe Limited. Under the deal, the Shelf Drilling Fortress - formerly known as the Noble ...
Why investing in dry bulk companies is a bad idea Pierre Aury revisits a popular topic for his latest monthly column. Back in February we painted a dire picture of dry bulk listed companies. We looked at their accumulated deficit at the end of December 2020. Collectively our sample of 10 companies had accumulated then $9.5bn of losses since their respective IPOs. As a reaction ...
New liner launches out of Dubai A new name in liner shipping has just been launched looking to cash in on an area where container profits are still strong. Dubai-based CStar Line has hit the ground running with 16 announced liner services, calling at Asian and Turkish ports as well as the Russian ports of Vladivostok, Novorossiysk and Kaliningrad. The carrier's ...
Tokyo and Paris port state control regimes tackle fire safety concerns Tokyo and Paris port state control regimes covering almost 50 countries will introduce a three-month fire safety campaign from September 1. Fire safety plans and safety equipment will be checked. The campaign follows several high-profile fires recently, including the Pablo aframax that exploded and caught fire in the South China Sea in early May, as ...
Joint ventures boost Nakilat's earnings Higher finance charges were more than offset by increases in revenue, boosted by Nakilat's LNG and shipyard joint ventures, which...
Insurers demand names of dozens of newbuildings fitted with potentially unsafe fire panels The Finnish manufacturer of fire-resistant panels used cruiseships and ferries is working with flag state and class officials to address...
Scorpio reports solid earnings amid strengthening market Increases in refining margins are supporting product tankers rates, while strong long-term fundamentals remain so despite the recent wave of...
Battery fire safety training now 'a matter of urgency' An IMO review of seafarer training is expected to be carried out in 2025, however Steam Marine Training Director Tony...
Gatik 'dark fleet' tanker detained for technical defects not sanctions concerns Antwerp confirms that port state control detained the Panama-flagged Galatia, one of the 50-plus anonymously owned tankers formerly operated by...
Lloyd's Register gets fit for a future fast arriving 'The challenge is how you combine what you need today with what is going to be needed tomorrow' - Elina...
Dorian LPG posts another strong quarter as VLGC demand remains buoyant Addition of dual-fuel newbuildings this year reflects 'diligent' approach to renewal
Seanergy posts reduced profit as capesize rates lag demand Greece-based owner is confident of continuing to outperform capesize index
Carriers begin to cut back on transatlantic The transatlantic trade was later to peak and later to normalise. But with rates now back below pandemic levels, capacity...
Norden aims to switch Singapore bunkering to 30% biofuels with new investment Norden chief executive Jan Rindbo said the company wanted to achieve 30% biofuel-blended bunkering in all of its Singapore bunkering...
Russian drones strike Danube grain export port Russian drones attacked the Danube river port of Izmail, damaging buildings and grain elevators
Vega Reederei returns to European coastal trades as it advances diesel-electric newbuild project With a high average fleet age now is the ideal time to invest in new ships for Europe's coastal cargo...
Typhoons and downpours clog China's logistics flows and port traffic Torrential rains and flooding have swept through the capital Beijing and surrounding regions, while key port cities in the lower...
P&I premium hikes could now moderate, argues Marsh Equilibrium restored after four years of sharp increases, which could mean a flat tone at the next renewal round, according...
K Line reports sharp profit drop on declining container business With weak demand and the market normalising, K Line's largest earnings contributor, its container shipping business, has seen a significant...
Port operations suspended at Gibraltar following oil spill An oil spill occured during a bunkering operation on the morning of August 2 and the Gibraltar port authority suspended...
Hapag-Lloyd completes Americas terminals acquisition Carrier moves ahead with 'strategic agenda' with $1bn investment. Completion marks major expansion of terminal business
Beware the silent killer stalking enclosed spaces Enclosed spaces are often depleted of oxygen, without which the human body starts to shut down very quickly. Mitigating the...
Daily Briefing Shanghai port group president Yan taken away by China's anti-graft authority | US regulator accused of overstepping its remit |...
Prokopiou orders eight bulk carriers at Huangpu Wenchong George Prokopiou is continuing his ordering spree, spending an estimated $280m via his Sea Traders operation on a series of...
Carriers tell FMC not to 'weaponize' proposed rule on refusal of service The rulemaking has underscored sharp divisions in the industry on whether the maritime regulator needs to take a heavier hand with liners following complaints by shippers.
Schneider goes deeper into dedicated trucking with M&M acquisition Schneider's acquisition of M&M Transport underscores the ongoing popularity of dedicated transportation among shippers and carriers, even in an era of excess truckload capacity.
Yellow collapse seen hitting smaller, mid-sized LTL shippers hardest The loss of the third-largest US less-than-truckload carrier is hitting a broad tranche of smaller, less-sophisticated shippers hard as they struggle with volatile rate hikes, logistics providers say.
Ocean carriers shift capacity as trans-Atlantic slumps: Alphaliner Ocean rates for North Europe to North America have fallen significantly below pre-pandemic levels on some of the trade lane indices after a wild three-year ride that took container shipping prices to record levels.
Hot summer turning up climate change heat on supply chains Familiar reminders of the disruptions to supply chains caused by climate change, such as low water levels on the Rhine River and in the Panama Canal and wildfires in North America, are becoming more frequent and intense.
EU carbon tax's long reach to affect global rates, vessel deployments: analyst Inclusion in the European Union's emissions trading system will affect not only the cost of shipping to and from the EU, but will likely put upward pressure on pricing for cargo that doesn't touch the EU at all, writes analyst Lars Jensen.
Matson's earnings fall but are in line with company expectations Retailers are carefully managing inventory levels as consumer demand wanses
SunGas pumps $2bn into green methanol plant for Maersk new ships US renewables company promises 400,000 tonnes of fuel per year from its Louisiana facility
EMS Chartering names new managing director A successor has been named, following the death of Manfred Muller in May
Dorian LPG earnings more than double as seasonality takes hold New York-listed owner misses analyst consensus for first quarter
Nakilat unveils 'stellar' profits but rate of increase is down on previous year Will the stocklisted giant increase its LNG carrier fleet this year under Qatar's huge newbuilding project?
OCI Global lines up to follow green methanol fuel supply with ammonia CEO explains how company calculates cost of its low carbon fuels
Scorpio Tankers reveals scope of massive shares buyback programme After another profitable quarter, New York-listed owner has no interest in newbuildings and a lot in buying its own stock
Izmail port drone attack in Ukraine hit seafarers' centre No injuries or fatalities reported at Danube port as ITF blasts attack
Seanergy Maritime maintains profit and dividend despite weak capesize market Bulker owner aims to keep returning cash to shareholders
K Line profits slide as bulkers and container ships under perform Tokyo Stock Exchange-listed company has difficult first quarter in its main markets
Fearnleys Securities sees product tanker inflection point after Ardmore earnings Market found a bottom at $25,000 per day, analyst Oystein Vaagen says
Court boost for creditors owed $175m by stricken units of Russia's sanctioned GTLK Judge warns liquidation of Dublin-based subsidiaries of leasing giant will be large and complex task
Vega Reederei inks 10-vessel eco-coaster order with China's Sinomach German shipowner says time is right to re-enter European coaster sector
Meyer Weft takes control of Wismar shipyard to complete Disney cruise ship Temporary arrangement will run until the ship is delivered in 2025
Eitzen Avanti snaps up 13 LPG carriers from Bergshav's B-Gas Gas carriers head back in Eitzen fold 12 years after they were sold off as Danish company continues expansion drive
Marine insurers feel the heat from Fremantle Highway blaze Third major loss for hull underwriters this year, and another major claim from Imabari Shipbuilding's Shoei Kisen Kaisha
Former SSY tanker broker Steve Ballard triumphs in charity golf tournament Demolition broker Ed McIlvaney reveals all the winners of his annual EBM Challenge/Sean Hadfield Memorial tournament
Himalaya Shipping bulk carriers start LNG bunkering as prices fall The price is right - at last - for Himalaya's dual-fuel newcastlemaxes
Russia launches new drone attack on Danube grain port Izmail has become a key export port for Ukraine following the collapse of the Black Sea Grain Initiative in July
Norden buys a share in biofuel production firm in race to decarbonise Bulker and tanker owner wants to use more biofuel in future but said it cannot rely on traditional offtake agreements to decarbonise
Methanol as a fuel is 'kicking off', Dutch bunker supplier OCI says Company highlights limited new methanol greenfield supply additions in the medium term which will tighten demand as maritime sector needs accelerate
Jaldhi Overseas raises newbuildings tally at Yangzijiang Shipbuilding Singapore company has a total of 10 vessels on order at Yamic
European tanker exodus set to boost Russian oil freight premium Mainstream owners are moving out of Russian trades after oil price cap breached for Urals crude more than three weeks ago
China's Qingdao Pengteng flips feeder container ships for fat profits Chinese player rakes in the big bucks on its vessels through asset plays rather than chartering them out
George Procopiou's newbuilding spend tops $2bn since April as kamsarmax bulker octet confirmed Orders at China's CSSC Huangpu Wenchong Shipbuilding were reported by TradeWinds in June
P&I market heading for a 'tipping point' on rates, says broker Marsh Recent run of general increases in premium are likely to come to an end
VLCC orderbook now just 2% of fleet in 'two-speed' newbuild market, Clarksons says Researcher Sarah Holden says divergent vessel ordering is continuing
Gibraltar port operations suspended due to bunker spill Early indications are that the impact of the oil spill has been limited to the area of Camp Bay and Rosia Bay
As propane exports break records, LPG shipping stock hits new high Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
BoxC co-founder shares insight on shifting e-commerce import regulations "The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs," said BoxC Logistics co-founder Chad Schofield.
Cargo downturn hurts Asian carriers more than global competitors Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
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