VIDEO: Burned out car carrier towed to Eemshaven The Fremantle Highway is now moored alongside in the Dutch port of Eemshaven. The decision to tow the burned out car carrier to the port was made after it was determined that
UK Dredging orders water injection dredge Associated British Ports subsidiary UK Dredging has placed an order with Damen Shipyards for a Shoalbuster 2711 water injection dredge (WID). Based on a proven design, the vessel nonetheless represents a unique
FMM awarded $16.7 million for frigate land-based testing site Fincantieri Marinette Marine (FMM), Marinette, Wis., has awarded a $16,672,953 firm-fixed-fee modification to previously awarded contract N00024-20-C-2300. The award is for procurement of long-lead time material for the land-based engineering testing site
Newport News Shipbuilding lays keel for USS Oklahoma (SSN 802) NAVSEA reports that senior Navy leaders and shipbuilders gathered at HII-Newport News Shipbuilding (NNS) Wednesday, Aug. 2, to attend a keel-laying authentication for the future Virginia-class nuclear submarine USS Oklahoma (SSN 802).
CMA CGM reaches settlements with EPA on VGP violation claims The U.S. Environmental Protection Agency (EPA) has reached a settlement with container shipping giant CMA CGM over two claims of violations of EPA's Vessel General Permit (VGP) issued under the Clean Water
GTMaritime explores LEO opportunities and challenges With more Low Earth Orbit (LEO) satellite networks becoming operational, the technology is widely seen as a potential maritime satcoms game changer. "The introduction of LEO networks is a massive step forward
Port Everglades Terminal goes live with Advent eModal platform Advent eModal (AeM), one of the world's largest port community systems serving the intermodal supply chain, announced that Port Everglades Terminal (PET), a terminal in Port Everglades' Southport area in Florida, is now live with its eModal® platform powering its new gate appointment system. The platform meets PET's needs for an integrated and automated gate management and fee payment solution. A
Sea-Intelligence analysis: Clear ramp-up in Transpacific blank sailings Sea Intelligence said the main challenge with measuring the market's supply/demand strength is that demand data is "notoriously lagged". Hence, in terms of the market strength, the best real-time gauge is the capacity side, where blank sailings are a key element, noted the Danish maritime data analysis firm. The following figure shows the ramp up in Asia-North America West Coast (NAWC) blank sail
SeaLead announces new service connecting China with India SeaLead, in partnership with Sinotrans, SITC, and TS Lines, has announced the launch of a new service called FIX (Far East to India Express), which will connect ports in China to the east coast of India. The first voyage will be on 23 August 2023. The rotation of the new service will be Qingdao (China) / Shanghai (China) / Ningbo (China) / Shekou (China) / Chennai (India) / Visakhapatnam (Andhra
MSC joins LNG coalition The largest container carrier in the world Mediterranean Shipping Company (MSC) decided to join SEA-LNG, a multi-sector industry coalition formed to show the benefits of the LNG pathway as a road to maritime decarbonisation. The Swiss/Italian shipping company has made investments in LNG-fuelled vessels in various sectors in which it operates in recent years. "We are committed to catalysing the de
HMM sale saga: SM Group buys more shares as takeover battle intensifies As the contest to take over HMM intensifies, SM Group, parent of the South Korean flagship carrier's compatriot peer SM Line, has bought more HMM shares to increase its stake. Sources in the stock market stated that one of SM Group's subsidiaries, Dong Ah Construction, had purchased 500,000 HMM shares for KRW10 billion. SM Line and its affiliates now hold 6.66% of HMM, up from 6.56% last month. T
APM Terminals expands API offering This month APM Terminals rolled out a new API which enables customers to track the schedules and key milestones for all vessels calling at a specific terminal. Furthermore, real-time API data connectivity was made available for an additional three terminals. More specifically, the new Terminal Vessel Schedule enables customers to track all vessels calling a terminal, for up to one week in the pas
Global fuel indices continue steady upward trend Marine Bunker Exchange (MABUX) global bunker indices continued a firm upward movement. The 380 HSFO index rose by US$25.18, from US$525.46/MT last week to US$550.64/MT. The VLSFO index added US$25.16. Also, the MGO index also gained US$50.10. "At the time of writing, the market was still in an uptrend," commented a MABUX official. The Global Scrubber Spread (SS) - the price difference between 380
APM Terminals Callao receives largest capacity container ship to ever berth in Peru APM Terminals-operated Callao Multipurpose North Terminal welcomed MSC Chiyo, the largest capacity container ship to ever call in Peru. The container ship, which marked the record, is operated by the largest shipping line in the world MSC and came into operation this year. With length of 366 metres and width of 51 metres, the vessel is deployed on MSC's ANDES service, which connects Callao with t
INFORM deploys stack management and crane optimizer at Norfolk Southern's Rossville Terminal INFORM has announced that it has successfully deployed its Syncrotess Optimisation Plus solution at Norfolk Southern's Rossville terminal just outside of Memphis, Tennessee enabling the terminal to have transparency of their stacked operations. In particular, the go-live at Rossville is the first of two planned go-lives this year, the second being scheduled at their larger, Austell facility locat
Valaris readies to activate $337m purchase option on two DSME drillship newbuilds New York-listed offshore driller Valaris is getting ready to add two newbuild drillships from a South Korean shipyard at a considerable discount compared to current market prices, Anton Dibowitz, president and chief executive officer, confirmed during the company's second-quarter earnings call. Based on the company's contracting progress and the current pool of available rigs shrinking, ...
Battered and fire-struck car carrier finally reaches port The battered and bruised reached its resting place in Eemshaven port around 2 PM local time, nine days after catching fire. The tow of the fire-damaged car carrier from its mooring position some 16 kilometres north of Schiermonnikoog started this morning. The vessel originally caught fire 27 kilometres north of Ameland but was towed to ...
Noble wins Harbour Energy contracts for jackup pair Offshore rig owner Noble Corporation has revealed new contracts with Harbour Energy for two of its jackups. The New York and Copenhagen-listed firm has fixed the 2014-built Noble Integrator on a one-well contract in the Norwegian Continental Shelf, with an estimated duration of 35 days at $205,000 per day. The campaign is set to start ...
Go Offshore takes OSV pair under management Australia's Go Offshore has recently added two vessels under management, taking its global operational OSV fleet to 18. The 2013-built Executive Courage and the 2011-built Hart Tide have joined from Malaysia's Executive Offshore Shipping and Tidewater Marine Australia, respectively. The duo is expected to shortly depart Singapore after mobilisation and Australian formalities to support Go ...
Methanol-powered orders pile in, breaking new records Methanol as the alternative fuel of choice for the 2020s looks increasingly a given with record amounts of orders for newbuilds and retrofits piling in. According to the latest figures from DNV's Alternative Fuels Insight (AFI) platform, a record total of 48 methanol-powered ships were added to the data source for July, including 15 retrofits. ...
Russia tightens noose on Black Sea shipping Across the northern and western edges of the Black Sea merchant shipping faces the vagaries of war, with vessels increasingly avoiding the region. Russia has been attacking Ukrainian ports and grain export sites along the Black Sea and the Danube hard in the two and a half weeks since it quit a United Nations-brokered grain ...
Oil and gas discoveries plummet to new lows despite increased spending Despite the fact that conventional oil and gas exploration spending is expected to top $50bn this year, the highest level since 2019, discovered volumes are plummeting to new lows. Norwegian energy intelligence firm Rystad Energy has estimated that 2.6bn barrels of oil equivalent (boe) were found in the first half of 2023, down 42% compared ...
TechnipFMC and Aker Solutions score subsea deals in Angola TechnipFMC and Aker Solutions have won contracts to supply subsea equipment for BP and Eni joint venture's Ndungu project offshore Angola. Azule Energy JV has tapped TechnipFMC for flexible pipe in a deal worth between $75m and $250m, while Norway's Aker Solutions has been tasked to provide subsea umbilicals valued from $49m to $148m. The ...
SM Group ups stake in HMM Showing just how keen he is to take his country's most prized shipping asset, Woo Oh-hyun, the chairman of SM Group, has increased his company's shareholding in HMM, South Korea's flagship carrier which has been put up for sale by state-backed creditors. An SM Group subsidiary has recently bought another 500,000 shares in HMM, increasing ...
Repsol exercises final option for Golden Energy Offshore's PSV Norway's Golden Energy Offshore Services AS (GEOS) has received a contract extension for the 2005-built platform supply vessel from Repsol Norge. The contract extension is in direct continuation of the current charter, which started in 2021 for a firm period of one year plus a total of one year of options. Repsol Norge and GEOS ...
Gibraltar grapples with bunker spill Between 1,000 and 2,000 litres of very low sulphur fuel oil were spilt from the Panama-flagged LPG carrier off Gibraltar, officials have said. In an incident that shut port operations on Tuesday, the South Korean-owned 2017-built ship experienced an overflow of its tanks while taking on bunkers from the bunker tanker Hercules 500 on Tuesday. ...
IKEA owner joins Norwegian floating wind consortium Ingka Group, owner of furniture mega-brand IKEA, has joined the UtsiraVIND offshore wind consortium which is looking to bring floating wind to Norway. The UtsiraVIND Consortium was first established as a partnership between floating offshore wind technologies provider Odfjell Oceanwind and renewable energy platform Source Galileo. The consortium has been additionally further strengthened by two ...
Fire-damaged Fremantle Highway going to Eemshaven port The Dutch authorities have chosen Eemshaven port as the final destination for the fire-damaged car carrier Fremantle Highway. After consultation with all parties involved, Markus Harbers, the Dutch minister of infrastructure and water management decided that the car carrier would be towed to Eemshaven. The ship is currently 16 km from Schiermonnikoog and Ameland. Eemshaven ...
New head at EMS Chartering Agnieszka Acar has been appointed as managing director of EMS-Fehn-Group's shipping company EMS Chartering. Acar previously held the position of general manager at EMS Chartering. Established in 1984, the German company offers tailored shortsea and deepsea solutions for bulk, breakbulk and project cargoes. EMS Chartering is the exclusive broker of EMS-Fehn-Group's own fleet of general cargo ...
Yanmar starts selling zero-emission hydrogen fuel cell systems Japan's Yanmar Power Technology, a subsidiary of Yanmar Holdings, has commercialised a maritime hydrogen fuel cell system for ships. The company is marketing the new tech to passengerships, work ships, and cargo ships operating in coastal areas where hydrogen refuelling is relatively accessible. The class approved made-to-order zero-emission systems have a rated output of 300 ...
Wind-assisted propulsion installations on track to double this year Wind-assisted ship propulsion installations are on track to double this year over last year's figure of just over 20, according to Gavin Allwright, secretary-general of the International Windship Association (IWSA) with a wide range of wind tech being sought by shipowners, including kites, hard sails and foils. Wind-assisted propulsion was identified as one of the ...
What shall we do with the drunken sailors? Offer them mental health support 'Some companies say if you're not in a watchkeeping position, you can have a couple of beers. The reality is...
Global Ship Lease posts strong second quarter earnings on back of robust contract cover US-listed tonnage provider says charters agreed in the second quarter 'have shown some stability' and were fixed at levels that...
Maersk tops green lobby report card, Evergreen and Hapag-Lloyd get F rating A report by environment group Ship It Zero gave Maersk a B rating for its green pledges, while box rivals...
Teekay Tankers' second quarter boosted by firm spot rates Teekey Tankers saw solid earnings in the second quarter, as the mid-size tanker segment benefited from robust exports from the...
US insists Russian price cap is working While prices may have breached the price caps on Russian oil, the sanctions strategy is working, insists Eric Van Nostrand...
Euronav posts strong second quarter while new supervisory board focuses on net bottom line It appears to be business as usual at the Belgian tanker operator, following the exit of chief executive Hugo De...
Take the long view on cruiseship sustainability, urges MSC's Darr Cruiseships under construction today may still be operating in 2040 and 2050. Investment made today will pay off in the...
EU countries notified of decertification of Paroc fire panels, Finland confirms Marine insurers still seeking names of dozens of vessels that may have to be recalled to have equipment stripped out
Deep cuts to Greek tankers' market share in Russian oil trades in July as oil price cap breached Further recalibration of Russian product shipments looms, as gasoil futures against which diesel is priced soared 17% above the refined...
Methanol leads July alternative fuel vessel orders Retrofit orders by Seaspan and Hapag-Lloyd were partly responsible for the monthly rise in the total number of methanol dual-fuel...
Non-bunkering port operations restart at Gibraltar after oil spill Limited port operations restarted at Gibraltar on August 2, after the spilling of up to 2,000 litres of fuel oil...
Chinese ports brace for Typhoon Kanu Major box terminals in Ningbo-Zhoushan have halted empty container pick-up and drop-off operations, while some nearby feeder ports have suspended...
Fremantle Highway casualty under tow to Netherlands port for conclusion of salvage operation Fire which broke out aboard 6,200 car capacity pure car and truck carrier in the North Sea on July 25...
NYK forecasts profit uptick despite sharp first-quarter decline NYK reports significant profit decline for the first quarter of the year, mainly because of weak containership business, but it...
Daily Briefing Insurers demand names of dozens of newbuildings fitted with potentially unsafe fire panels | Gatik 'dark fleet' tanker detained for...
Ocean carriers, retailers failing in drive to decarbonize: Ship It Zero A report card from the environmental campaigner claimed there was distinct lack of progress from the world's largest retailers and ocean carriers on reducing supply chain emissions.
US LTL carriers expanding revenue, profitability despite ongoing consolidation The number of large US less-than-truckload carriers is shrinking, but the remaining operators are more profitable, have higher revenues and play a bigger role in customer's supply chains.
Yellow, lenders talk bankruptcy financing as stock price surges Hedging and short selling made Yellow a "meme stock" early this week, but experts say rumors of a comeback are as wildly misplaced as investors' cash.
Ocean market shows signs of life despite forecasts for muted peak season While the magnitude of peak season in any given year may have macroeconomic significance in shedding light on the strength of consumer spending and the economy overall, it is only one factor driving the market conditions that affect the physical movement of goods, writes Peter Tirschwell.
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.
Eagle Bulk reports upside earnings but flags up weakness in current quarter Connecticut dry bulk owner outperforms Baltic index but rates slide 24% for bookings in present market
Teekay Tankers now net-debt free while plotting repayment of leases CFO Stewart Andrade says the freight market will tell owner how to buy out its remaining lease obligations
Jefferies downgrades Dorian as shares transcend net asset value 'Upside is limited,' says analyst Omar Nokta on stock's future growth potential
Cheniere expects to bring Corpus Christi expansion online ahead of schedule LNG production giant unfazed by prospects of higher winter freight rates or Panama Canal holdups and taking upside from sub-chartering
United Maritime trims its loss for the second quarter Company CEO hailed shipowner's 'first highly profitable investment cycle' but low freight market meant another quarterly loss
GasLog Partners turns in final half year figures following merger Newly merged, former US spin-off boosted income in first six months of 2023 but losses from costs and expenses cut into profit
Euronav sticks with crude tankers despite shareholder conflict New supervisory board working constructively to cut costs and renew fleet despite competing views for the future, says interim CEO
Global Ship Lease buoyed by contract cover as gravy train rolls on Container ship owner is seeing profits rise even as charter rates normalise
FSL Trust ponders future as first-half profit dips Singaporean owner has eight product tankers with an average age of 17 years
Container ship and retail giants 'failing to deliver on carbon cuts' to save the planet A fresh study from US campaigners reveals most lines have made minimal progress, while major retailers are ducking their responsibilities
Remembering Natasha Boyden, a pioneering spirit in shipping research This week's Streetwise looks back on the life and times of the former shipping equity analyst
We're following price cap rules on Russian trades, says Fractal boss Swiss newcomer says it operates to the highest standards of compliance rules with its Russian port calls
MSC sees fossil fuel LNG as 'in transition' to synthetic and bio alternatives Liner giant signs up to LNG-fuelling industry coalition SEA-LNG as numbers for methanol-fuelled newbuildings start to climb
Seaboard reveals the true cost of container ship newbuildings as profits fall Parent company puts $98m price tag on cost of smaller dual-fuel boxship duo
Volatility makes for cheap entry point in European carbon market If EU allowance prices fall over the next few months, they are expected to rise later, particularly in 2025 and 2026
Methanol dominates as alternative fuel of choice for July's newbuildings More than 100 crude oil LNG-fuelled tankers have been ordered with over 60 now in operation, DNV says
'New normal' of global tanker trades drives Teekay Tankers' profits Canadian medium-size tanker specialist says it has been a major beneficiary of post-Russia sanctions route changes
Fremantle Highway to be towed to Dutch port of Eemshaven Ship departs this morning to port of refuge to continue salvage operation after fire burns out
Euronav reports big profits again in volatile tanker market Belgian VLCC and suezmax specialist warns of headwinds from Saudi production cuts but says prospects appear strong
Comment: Love it or loathe it, Twitter has become shipping's daily reality check Social media platform now known as X has been hamstrung by technical changes made under the leadership of owner Elon Musk
NYK Line joins MOL and K Line in posting major decline in first-quarter profit Japanese shipowner expects modest improvement in results this year despite market uncertainties
Gulf Navigation chemical tanker under tow after engine failure Salvors face hurricane force winds as they look to carry out STS operation of cargo off southern China
Comment: How the Hong Kong convention could fit in with rule 'mishmash' Convention's architect says the boundaries between treaties are clearly defined
Lufthansa Cargo profits fall by nearly 100% on weak shipping demand Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
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