Could Midi-SOV be an offshore wind game changer? Southampton, U.K., based Chartwell Marine has partnered with Fincantieri's Norwegian headquartered Vard subsidiary to introduce the Midi-SOV. The 55-meter offshore wind service vessel combines the two companies' expertise in crew transfer vessels
Lake Charles Pilots order fourth launch from Gladding-Hearn Louisiana's Lake Charles pilots, who already have three Gladding-Hearn pilot boats in their fleet, have ordered another launch from the Somerset, Mass., shipyard. Based on the Cameron Pilot II delivered by Gladding-Hearn
Australia bans V.Ships Greece containership Banning the Marshall Islands -flagged containership Big Lilly from Australian waters for 90 days for serious safety and maintenance issues, the Australian Maritime Safety Authority (AMSA) was today sharply critical of its
New Orleans Engineer District starts barging fresh water to treatment plants As low water level conditions on the Mississippi River persist, the USACE has started barging fresh river water to Plaquemines Parish, La., water treatment facilities. This water can be mixed with water
SAAM Towage Brazil offsets GHG emissions, receives new tugs SAAM Towage Brazil is the first towage company in Brazil to neutralise 100% of its scope 1 and 2 (direct and indirect) greenhouse gas (GHG) emissions in 2022. Last year, the company generated 33,806 tons of CO2e. More specifically, the biogas project captures and destroys methane gas (CH4) generated by household garbage at a landfill in São Paulo. The site receives 1,200,000 tons of solid waste a
Carrier Transicold introduces OptimaLINE container reefer Carrier Transicold is launching the new OptimaLINETM container refrigeration unit, which provides several upgrades, including up to 15% fuel efficiency benefits, to provide increasingly sustainable transport refrigeration options. "We are committed to listening to our customers and providing exceptional solutions to meet their needs," stated Vineet Kashyap, vice president and general manager of Gl
Eurogate, TiL expand MSC Gate JV agreement until 2048 European container terminal operator Eurogate and Terminal Investment Limited (TiL), the terminal operating arm of MSC, have extended the contract signed in May 2004 for the joint operation of MSC Gate Bremerhaven (MSC Gate) for another 25 years at least, until 2048. A review of the collaboration and discussions on agreement modifications between the shareholders were included in the contract and
Declining box trades more attractive to car industry Capacity and congestion in the car carrier sector have driven some freight forwarders and manufacturers to move cars in containers rather than delay exports until space becomes available. Soaring freight rates, congestion and a lack of roro capacity have seen delays of up to three months or more in the shipment of cars as sky-high demand adds to the sector's problems. One freight forwarder who sp
MSC buys stake in Italian high-speed rail operator MSC has entered into a binding agreement to acquire a stake of approximately 50% in Italo - Nuovo Trasporto Viaggiatori S.p.A (Italo) from Global Infrastructure Partners (GIP), an independent infrastructure investor, through its third flagship infrastructure fund (GIP III) and to establish a long-term strategic partnership for Italo's development. The other approximately 50% interest in Italo wil
Couple's corpses found in Evergreen container in Bangkok The decomposing remains of a man and a woman were found in an empty container in an inland container depot in Bangkok, Thailand on 2 October. The container, belonging to Evergreen Marine Corporation, was declared as empty and had arrived in Thailand's Laem Chabang port from the Philippines on 28 September, after a four-day voyage. The container was railed to the depot in Bangkok's Lat Krabang dis
Ports of Stockholm may explore automooring using vacuum pads system for box terminal Sweden's port of Kapellskär welcomed the new Finnlines Ro-Ro vessel with cutting-edge technology. The port, included in the Ports of Stockholm, currently has vacuum pad automooring as well as next-generation onshore power connections. The premier of Sweden's first automooring of a vessel using vacuum technology was in mid-September with the brand new Finnlines vessel Finnsirius, which operates on
FMC dismisses complaint about MSC's congestion surcharge The US Federal Maritime Commission (FMC) has dismissed a shipper's complaint that a US$1,000 congestion surcharge imposed by Mediterranean Shipping Company (MSC) was an unjust detention and demurrage charge. This was because the surcharge was not a detention and demurrage charge at all. On 3 February, US-based SOFi Paper Products, which had booked its shipment through an NVOCC, filed its complain
Peel Ports cuts GHG emissions by over 30% Peel Ports Group has significantly reduced its greenhouse gas emissions across its port facilities by almost a third since 2020, as revealed in the group's new ESG report. Additionally, independently verified figures confirm the group has reduced Scope 1 & Scope 2 emissions across its port operations by a total of 32%, against its 2020 baseline and using a market-based accounting approach. The UK
Cepsa starts biofuel distribution at Port of Barcelona with the largest supply to date Cepsa, a major supplier of energy for maritime transport in Spain, has undertaken the largest supply of second-generation biofuels to date at the Port of Barcelona. This operation, which was carried out in the Mediterranean aboard a 350-meter-long container vessel operated by Hapag-Lloyd, marks the energy company's first initiative in Barcelona and places the Spanish port as a vital player in the
Noatum acquires Sesé's Finished Vehicles Logistics AD Ports Group announced that Noatum, which now leads its Logistics Cluster operations, has signed an agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value) of €81 million (around US$85 million). The transaction is expected to be completed by th
German first lady Elke Büdenbender christens Hapag-Lloyd's LNG-powered giant German ocean carrier Hapag-Lloyd officially welcomed into its fleet the 23,600 TEU container ship Berlin Express, the first vessel of the company's new Hamburg Express class. Naming patron Elke Büdenbender, German jurist, and, since 1995, the wife of Frank-Walter Steinmeier, the current President of Germany, performed the ceremonial christening of the ship. The event took place at the Container T
Port of Antwerp-Bruges marks new draught record at Deurganck Dock The first trial run with the maximum permitted draught on the Western Scheldt at the port of Antwerp-Bruges was completed successfully with MSC Tessa entering the Belgian port with a draft of 16 meters, setting a new record. "This draught is needed to continue receiving the very largest container ships in the future," pointed out the port in a statement. Therefore, it was agreed to conduct a seri
Valenciaport promotes Sustainable Transport to Work Plan The Port Authority of Valencia (PAV) is developing a plan to reduce the use of private vehicles when heading to the Spanish port. Valenciaport conducted a preliminary diagnostic study in which 24% of the staff (office staff, stevedores, and carriers) participated. The findings showed that the facility needs to be rearranged to facilitate access by bicycle, personal mobility vehicles (such as elec
Rem Offshore wins two-year deal for one of its CSVs Norwegian offshore vessel operator Rem Offshore has won a contract for one of its construction support vessels (CSVs). The company's subsidiary Rem Saltire Holding said in an Oslo Børs statement that the 2008-built Rem Saltire was awarded a two-year contract for the CSV Rem Saltire. According to the stock exchange filing, the contract will begin ...
New type of offshore wind vessel design revealed UK-based ship designer Chartwell Marine and Fincantieri-controlled Norwegian shipbuilder Vard have introduced vessel design for the offshore wind sector aimed to fill a new operational role between crew transfer vessels (CTVs) and service operation vessels (SOVs). Dubbed the midi-SOV, the 55-m unit is slated for both the US and European markets in 2024. The new ...
Offshore wind expansion can add $111bn to UK economy by 2040 New research has revealed that expanding the UK's offshore wind supply chain has the potential to unlock a £92bn boost to the national economy by 2040. According to a report by the Offshore Wind Industry Council (OWIC) and the Offshore Wind Growth Partnership (OWGP), the expansion of offshore wind in other countries and the combination ...
Altera seals 15-year Ivory Coast FPSO and shuttle tanker FSO conversion deal with Eni Altera Infrastructure has landed contracts with Eni for its cylindrical-shaped floating production storage and offloading (FPSO) vessel Voyageur Spirit and the shuttle tanker Nordic Brasilia offshore Ivory Coast. The vessels are set for deployment on the Baleine field with a 15-year firm contract. The units are currently undergoing life extension work and field-specific modifications at ...
Corio and TotalEnergies venture presses ahead with New Jersey offshore wind bid Attentive Energy, a joint venture between Corio Generation an offshore wind portfolio company of Macquarie's Green Investment Group (GIG), and TotalEnergies has submitted a proposal to build a wind farm off New Jersey's coast, with a capacity of up to 1,342 MW. The project, if awarded, is expected to power more than 600,000 homes and ...
Sinokor linked to triple cape sale South Korea's Sinokor Merchant Marine has been named as the seller of three 2016-built capesize bulk carriers in two separate deals worth a total of nearly $130m. Xclusiv Shipbrokers have linked the Seoul-based owner to a double sale of scrubbed-fitted Chow and Comanche (pictured) to clients of Mittal. The 181,000 dwt units will fetch $43.5m ...
Dyna-Mac bags $64.5m in contracts Singapore-based fabricator Dyna-Mac has clinched several contracts from repeat customers worth a total of S$88m ($64.5m). The main contract involves the construction of topside modules for a floating production storage and offloading (FPSO) vessel. The work will start in the first quarter of 2024 and utilise new yard space recently secured from Kim Heng. Completion ...
Registration open for Geneva Dry With seven months to go until its debut, registration for Geneva Dry is open and delegates are signing up in significant numbers. Designed to be the annual global summit for the dry bulk community, Geneva Dry takes place next year on May 2 and 3 at the five-star President Wilson Hotel with early bird delegates ...
Royal Arctic Line CEO steps down after eight years The chief executive officer of Greenland's Royal Arctic Line, Verner Hammeken, has stepped down from the role after an eight-year stint. During Hammeken's time as CEO, Royal Arctic Line conducted a significant transformation entailing a renewal of the fleet, the start-up of a new port in Nuuk, a partnership with Eimskip, and concentrating Danish activities ...
Shelf Drilling scores Nigerian double Oslo-listed jackup rig operator Shelf Drilling has won contracts for two units offshore Nigeria. The 1981-built and 2014-upgraded Adriatic I has been fixed to an unnamed client for 16 months. The deal will keep the unit busy until February 2025. Meanwhile, the 2010-built Shelf Drilling Mentor has been secured for eight months and will be ...
Crown Estate increases Celtic Sea floating leasing round to 4.5GW The Crown Estate has increased the size of its upcoming Offshore Wind Leasing Round 5 off the coast of Wales and South West England to 4.5GW. The body has defined areas for floating offshore wind developments following a period of engagement with developers and wider stakeholders on proposals set out in July over how to ...
MSC wins landmark FMC case The Federal Maritime Commission (FMC) in Washington DC has dismissed a case brought against the world's largest containerline, Mediterranean Shipping Co (MSC), in a ruling that will be analysed by many in the transportation sector. The FMC studied a congestion fee MSC charged SOFi Paper Products in a first case of its kind since the ...
Methanol-fuelled kamsarmax project takes shape Lloyd's Register (LR), Cargill International, Minerva Dry and Nantong COSCO KHI Ship Engineering Co (NACKS) have collaborated on the design of a kamsarmax bulk carrier with methanol and rotor sail capability. Chris Hughes, decarbonisation specialist at Cargill, praised the team's willingness to challenge the status quo, and to consider new ideas and technologies. "Rather than ...
Australia bans poorly maintained boxship The Australian Maritime Safety Authority (AMSA) has banned the Marshall Islands-flagged containership from Australian waters for 90 days, for serious safety and maintenance issues. Prior to this banning, the ship was detained in Melbourne, after an AMSA port state control (PSC) inspection identified serious defects with the watertight integrity of the ship's cargo hatches, main ...
MSC wins in congestion charge dispute With one commissioner partially dissenting, the Federal Maritime Commission determined MSC should not be found in violation of the Shipping...
Russian accusations of IMO politicisation point to longer-term divisions The International Maritime Organization has been hijacked by a political agenda outside of its mandate, according to Russia's latest salvo...
Methanol boxship orders reach 129 vessels as German owner pens feeder order Ten shipowners have now ordered boxships able to run on methanol
MSC adds to active and idle fleets MSC has continued to move ahead of its rival lines. But vessels associated with the carrier are increasingly heading for...
Alt-fuel bulk carriers gaining ground Conventional fuel will continue to have a major part to play for the dry cargo sector owing to the strong...
To tackle Putin's dark oil fleet, enforcement needs to be stepped up More Russian oil than ever before is being transported on sanctions-circumventing tankers that exploit loopholes in international maritime regulations
Peel Ports reduces emissions by a third The UK's second-largest port operator has made progress in reducing its scope 1 and 2 emissions with bio-fuels and electrification...
Shipping urged to unify search for decarbonisation solutions For all their talk, banks are as averse to risk on expensive 'greener' projects as owners are, says owner Aristides...
Shipping must speed up talks to hit IMO targets, Danish Shipping says Some of Danish Shipping's members are concerned about the actual implementation of the EU ETS, as the trading system still...
D'Amico eyes improved US investor exposure with OCTQX application Trading in Milan and in the US OTC Pink Market, d'Amico is seeking to upgrade to OTC Markets' top tier...
International Seaways secures $160m sustainability-linked loan US-listed crude and product tanker owner International Seaways has entered a $160m revolving credit agreement with a sustainability-linked pricing adjustment...
DP World and Maspion Group to build $1.2bn container terminal in East Java DP World and Indonesia-based Maspion Group will build a 3m teu container terminal in Gresik, East Java costing up to...
Daily Briefing Banks divided over climate ambition as Paris goals are postponed | Ship accused of grain smuggling linked to UK-registered company |...
Coming implementation of European ETS setting up for a predictable mess: analyst If shippers found the post-IMO2020 bunker fuel formulas confusing and misaligned across ocean carriers, just wait until they see the surcharges linked to Europe's new emissions trading system, says analyst Lars Jensen.
US LTL capacity tightens further as Estes cyberattack outage continues Brokered LTL freight may be the first freight diverted away from Estes, and it may be harder for those transactional shipments to find alternate carriers.
Ocean carriers sell US chassis lessor to private equity group Consolidated Chassis Management is the sole provider of chassis to the newly launched South Atlantic Chassis Pool 3.0, which covers the ports of Jacksonville, Savannah and Wilmington, North Carolina.
FMC dismisses ILA's claims of price fixing at Southeast ports While three companies jointly control some operations at marine terminals at Savannah and Charleston, they are not considered marine terminal operators, an FMC judge has ruled.
India-Middle East-Europe corridor plan to skirt Suez begs costly questions The multimodal transshipment connector is taking shape as the industry puts a heavier focus on end-to-end, point-to-point carrier offerings to enable more resilient and sustainable trade flow.
ILWU bankruptcy filing provides dramatic twist to long-running Portland dispute The financial health of the powerful International Longshore and Warehouse Union is in jeopardy as the union seeks to avoid paying $19 million in damages to a Portland terminal operator over disruptive job actions years ago.
Seaspan ties up with AES on LNG bunkering for Panama Canal LNG refueling to be available from Costa Norte LNG terminal in second half of 2024
DHT Holdings shores up stock price through $10m in buybacks After two straight quarters of taking in stock, DHT has an edge over tanker peer group
BW Group hires investment banks to unload of $101m of LPG carrier spin-off's shares Parent hopes sale of BW LPG shares will help share liquidity ahead of New York listing
Capesize rates hit 2023 high despite Golden Week as dry commodities stay on the move Average spot rates may go as high as $30,000 per day due to winter weather, market watcher says
Golden Ocean Group renews $100m share buyback scheme for another year Fredriksen-backed owner of bulk carriers has just under $90m left to spend and an extra year in which to do so
Researcher to Eneti shareholders: Take Cadeler's money and run like the wind Analyst firm likes the proposed merger, but is not so keen on what is happening with offshore turbine projects
Rescued migrants arrested after threatening Vroon seafarers in bid to divert ship Police in riot gear awaited arrival of PSV in Canary Islands
UK regulator closes Axiom Ince 'with immediate effect' The move follows the suspension of three directors and the launch of a police probe
Qatar presses start button on world's 'largest' LNG expansion project Tiny Gulf state looks set to charter in over 100 LNG newbuildings to ship its new volumes and renew existing fleet
Oshima Shipbuilding bulks up with more orders from new clients GSD Shipping and Pan Ocean have signed newbuilding contracts at the yard which continues to expand its customer base
Altera converting shuttle tanker to FSO for Ivory Coast charter UK company also moving FPSO Voyageur Spirit to Baleine project in West Africa
Elbdeich Reederei orders methanol-fuelled container ships for charter to Unifeeder Companies step up decarbonisation work with new deal for low-emission feeder vessels
Wikborg Rein takes on seven ex-Ince shipping lawyers in London Norwegian law firm scoops up shipping disputes team from failed rival
Brave Maritime pursues fresh growth spurt for bulkers, tankers and gas carriers The latest bout of dealmaking sees Greece's Vafias family with a finger in almost every pie
Clarksons staff raise money in memory of brokers Dominic Low and Remco Hemminga Annual charity day dedicated to cancer organisations after the loss of two well-loved staffers
Tanker scrapping tipped to spike as efficiency measures bite Fearnley Securities says the trend could follow the pattern of the early 2000s with new environmental rules
Capesize dealmaking heats up amid rising earnings and secondhand prices Greece's Vafias clan resumes buying big bulkers as Sinokor and Navios Maritime Partners are seen offloading theirs
Watson Farley & Williams beefs up Athens hub with six more Ince defectors Partner Dinos Mexias returns after stint at troubled law group
DOF flips vessels two days after buying them back from banks Norwegian owner makes a profit on veteran platform supply vessels
Royal Arctic Line hunts new CEO as Verner Hammeken steps down Veteran shipping man resigns after eight years at Greenland container line
Captain of cocaine bust bulker claims $53,000 in cash was wages Iranian master appears in court after police say he was injured trying to resist arrest
Swedish shipowners hopeful as troublesome tonnage tax faces review 2018 measures have failed to boost the Swedish flag
Shell adds LNG bunker vessel in Americas as supply build-out continues Potential customers circle LNG supplies but hang fire on signing up for term deals
TMC Shipping is first owner to 'tokenise' vessels on Shipfinex platform Dubai partners team up to raise capital more quickly by widening investor base
TMC Shipping first owner to 'tokenise' vessels on Shipfinex platform Dubai partners team up to raise capital more quickly by widening investor base
Mystery of missing sextet from QatarEnergy's $3.9bn Phase 1 LNG newbuildings Evidence is mounting that suggests pre-reserved berths have been passed to a partner
JP Morgan expands bulk carrier campaign with another handy trio US bank concludes its second en-bloc acquisition of geared vessels in six months
Varvarenko's Varamar opens in Istanbul as demand grows Dry bulk operator says it is responding to the potential of Caspian Sea and Middle East business
Russia claims IMO hijack as election battle hots up Moscow blames a 'minor group' for politicising shipping regulator as executive role hangs in balance
Liner MSC takes 50% stake in Italy's Italo in rail push Swiss liner group follows Spanish rail freight deal with new investment
Ince's global head of marine projects decamps to Stephenson Harwood Stuart McAlpine is the latest in a string of departures from troubled law firm
Atlas Maritime boosts tanker and car carrier orderbook to a dozen ships Greek owner relentlessly pursues growth, piling up modern vessel orders at DH Shipbuilding and CIMC Raffles
Australia slams V.Ships Greece over poor port state control record Ship manager is said to have had detention rate well in excess of all other foreign vessels
Fleet Management's Kishore Rajvanshy on tackling challenges and reaping rewards Ship management guru says proactive strategies and investment are the key to seizing opportunities
More iPhones to go by sea as Apple looks to slash carbon footprint Company says shipping the same product by ocean emits 95% fewer emissions than by air
International Seaways scores new $160m loan with sustainability link New York-based tanker owner boasts total revolving credit liquidity to $367m over two separate facilities
Tide turning against 'hyper-dilutive' shipping stock sales Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.
Amazon downsizes cargo operations at German airport Amazon Air is downsizing operations at Leipzig/Halle International Airport.
Amerijet CEO Strauss calls it quits after rocky 3 years Tim Strauss has transformed Amerijet into a competitive, midtier cargo airline, but it hasn't been easy. On Tuesday, Strauss resigned.
Chassis pool manager CCM acquired by Oaktree Investment firm Oaktree Capital Management has acquired Consolidated Chassis Management as the intermodal equipment provider becomes the sole manager of a new pool.
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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