USCG rescues 12 from grounded cargo vessel A Coast Guard boat crew rescued 12 people, Wednesday morning, after they were forced to abandon the grounded cargo vessel M/V Bonnie G which was taking on water and had run aground
BC Ferries fare increases capped at 3.2% The British Columbia Ferry Commission today announced its final decision on the price cap for BC Ferries' under its next four-year business plan, known as Performance Term 6. The commission will allow
TotalEnergies Marine Fuels bunkers two new Angelicoussis LNG-fueled VLCC TotalEnergies Marine Fuels has recently completed its first liquefied natural gas (LNG) bunkering operations for two new, dual-fueled vessels owned by the Angelicoussis Group. The bunkerings following bilateral short-term supply deals struck
DP World eases congestion in Türkiye's automotive supply chain DP World Yarimca has introduced an innovative "car-to-container" transport solution to help solve the crisis in the automotive supply chain in the region. In particular, congestion at Turkish ports has resulted in significant delays in delivering new vehicles against a backdrop of skyrocketing demand in the burgeoning automotive market. Türkiye recently experienced an auto sales boom with a recor
netTALK Maritime partners with SpaceX's Starlink netTALK Maritime, provider of communication intelligence solutions for the maritime industry, announced its strategic partnership with SpaceX's Starlink, a pioneering satellite internet constellation. In particular, this collaboration aims to revolutionise maritime connectivity by offering high-speed, low-latency internet solutions to cruise and commercial shipping customers worldwide. More speci
3 Supply Chain Security Trends The supply chain is aptly-named; it's an intricate weave of interconnected links, each one reliant on the security of the whole. This vast network, stretching from raw materials to consumption, has vulnerabilities at every point of the chain. Recognizing and mitigating these vulnerabilities is essential to ensure the seamless flow of goods and services. Here, we look at three supply chain securit
New port equipment and deeper draft to increase efficiency at APM Terminals Liberia APM Terminals Liberia is set to see a further efficiency boost following the commissioning of two Liebherr 600 mobile harbour cranes. In particular, the recently completed dredging of the Freeport of Monrovia, which has increased the draft to 12.5 metres, paves the way for larger and more economical gearless vessels. This latest US$15 million investment is going to enhance the productivity of the
Hutchison Ports completes Port of Felxistowe deepening Hutchison Ports announced that the main approach channel and Berths 8&9 at Hutchison Ports Port of Felixstowe have been deepened. The announcement was formally made today (4 October) during the maiden call at the UK port of its namesake OOCL Felixstowe, the latest in a series of 24,188 TEU mega container vessels operated by COSCO-owned ocean carrier Orient Overseas Container Line (OOCL). The dept
Noatum divests stake in Spanish firm for one-off capital gain of US$10.5 million Noatum, which currently manages AD Ports Group's Logistics Cluster activities, has completed the sale of its 27.9% ownership in Barcelona Container Depot Service Group (BCDS) for an equity value of €11 million (around US$11.55 million) resulting in a one-off capital gain of €10 million (around US$10.5 million). BCDS specialises in the storage, maintenance, repair, and cleaning of dry and reefer c
APM Terminals Aarhus implements automated gate system APM Terminals Aarhus in Denmark adopted a new technology that simplifies customer experience, standardises processes and safeguards drivers and visitors. APM Terminals Aarhus has now turned its sights to perfecting the efficiency of entry and departure at the terminal by road. The Automated Gate system, activated at the end of August, is part of the company's digital transformation journey. In pa
DP World begins construction of new Indonesia box terminal DP World and Maspion Group have announced the start of the construction works on a new container terminal in Gresik, East Java, Indonesia. The new container terminal will strengthen East Java's position as a vital trade gateway, connecting Indonesian companies with clients in the region and throughout the world. On 2 October 2023, Ahmed Bin Sulayem, group chairman and CEO of DP World, and Alim Ma
WiseTech Global acquires online platform for container reuse and exchange WiseTech Global, the producer of logistics execution software CargoWise, announced the acquisition of MatchBox Exchange, a pioneering online open market platform for the reuse and exchange of shipping containers amongst landside logistics companies. WiseTech Global bought MatchBox Exchange, based in Australia, from private shareholders. MatchBox Exchange is available in the following countries: A
Maersk boosts its global air freight services with new LA air cargo gateway A.P. Moller-Maersk has opened a new 12,000 m² air freight import/export gateway near Los Angeles International Airport (LAX), which provides direct planeside recovery and quick unit load device (ULD) transfers. The facility in the United States West Coast will expand Maersk's growing North American network of air cargo gateways, which includes Atlanta and Chicago, both of which opened in the prev
Medkon Lines acquires its largest boxship Turkish container shipping company Medkon Lines has bought the largest boxship in its 14-year history, acquiring the 2,011 TEU Nordic Anna from Nordic Hamburg, according to Alphaliner. The transaction price has not been known yet. Medkon Lines is currently operating a fleet of 15 container ships, with its previous largest vessel being the 1,162 TEU Medkon Mira. Nordic Anna, which was built in 200
Sea-Intelligence reports major misalignments on ocean carrier carbon taxation As we are around three months away from the implementation of carbon taxation (ETS) in the European Union (EU) and everyone agrees that this will be a high cost, there is significant uncertainty as to the precise cost. Presently, only two carriers, Maersk and Hapag-Lloyd, have in recent weeks announced indications of these coming surcharges. "There are many methodological problems in how to calcu
Unifeeder invests in new methanol powered container vessels Unifeeder Group has signed a long-term time-charter agreement for two new methanol-capable container feeder vessels and has an option for additional two similar vessels. In particular, the German-based ship owning group Elbdeich Reederei will build and manage the 1,250 TEU vessels which will be delivered in 2026. Robert Frese, managing director at Elbdeich Reederei, commented, "We believe in meth
Port of Los Angeles executive director appointed to US policy advisory committee The Office of the United States Trade Representative has appointed Gene Seroka, executive director of the Port of Los Angeles, to its Intergovernmental Policy Advisory Committee (IGPAC), a group tasked with providing policy advice on trade, investment, and development issues that have a significant impact on state and local governments in the United States. The Committee is made up of general tra
CMA CGM launches new flight between France and Egypt CMA CGM has announced the opening of a scheduled flight route between Paris (CDG), France and Cairo (CAI), Egypt. CMA CGM AIR CARGO will serve CAI with one weekly flight from 3 October with an A330F aircraft, aiming to strengthen its combined offer with the Air France KLM Martinair Cargo Group. Cairo airport is a major air freight and passenger hub offering adapted infrastructures for intermodal
Port Sudan to improve its maritime communication systems As part of transforming its maritime communication systems, Port Sudan launched a competitive tendering process through the help of Marine Equipment & Services Co. Ltd. Danphone, a global solution partner and supplier in the maritime technology sector, providing GMDSS coastal radio communication and safety systems and advanced maritime test equipment worldwide, stood out in this attempt, particip
Sanmar becomes first customer of Maersk Tankers' new LR1 segment Denmark's Maersk Tankers has launched its first-ever pool in the long range 1 (LR1) tanker segment, with Sanmar Shipping joining as its first member. Maersk Tankers' new LR1 pool offers pool management to owners of tankers ranging from 55,000-80,000 dwt and builds on the company's experience in the commercial management of tankers of all sizes, ...
MOL forges offshore wind and green hydrogen partnership with EDF Renewables Japanese shipowner Mitsui OSK Lines (MOL) has partnered up with EDF Renewables, a subsidiary of France's utility EDF, to cooperate on the development of the offshore wind sector and to pursue opportunities in green hydrogen. MOL established its offshore wind business in 2021 and has since been growing its marine renewables footprint with a number ...
DP World starts construction of new container terminal in East Java Dubai-based terminal operator DP World and Indonesian conglomerate Maspion Group have started construction of a new container terminal in Gresik, East Java. DP World said that the terminal would enhance East Java's position as a key trade gateway and connect Indonesian enterprises with customers in the region and globally. The created joint venture company, DP ...
Three German shipowners collaborate on EU ETS software solution MPC Container Ships, Harren Group, and Zeaborn Ship Management have cooperated with Berlin-based firm zero44 to develop a new EU ETS software solution that covers all processes and obligations of emissions trading. The EU Emissions Trading Scheme (EU ETS) starts on January 1, 2024. Ship owners, ship managers, and charterers will then have to buy ...
New investment in ETFuels to accelerate hyper-scale delivery of green methanol for shipping Capital injection from SWEN Capital Partners has accelerated green fuels producer ETFuels towards reaching its 2030 goal of 1.4m tonnes of green methanol production for the shipping industry and other end-markets. The injection of capital into ETFuels was made from SWEN Impact Fund for Transition 2 (SWIFT 2), a European impact strategy dedicated to renewable ...
Petrofac scores $100m contract extension with Repsol Sinopec Energy services company Petrofac has won a three-year contract extension worth more than $100m to support Repsol Sinopec's UK North Sea operations. The award follows four recent operations and maintenance contract renewals for Petrofac. The Repsol Sinopec deal will support more than 300 jobs across a range of assets, including Arbroath, Auk, Bleo Holm, Claymore, ...
BW Group sells 6% of gas shipping unit ahead of US listing Singapore's BW Group has sold around 6% of its Oslo-listed VLGC owner BW LPG for NOK1bn ($91.6m). Andreas Sohmen-Pao's BW offloaded 8.4m shares at NOK120 apiece, a discount of about NOK12 compared to closing price on Tuesday and now owns 48.4m shares in BW LPG, corresponding to a 34.6% ownership stake. BW LPG has had ...
Elbdeich Reederei orders methanol-fuelled boxships for Unifeeder charter Unifeeder Group has inked a deal with German owner Elbdeich Reederei to charter-in up to four methanol-powered containership newbuilds. Elbdeich is ordering a pair of 1,250 feeder units and will manage them after delivery in 2026. The contract includes options for two more similar ships for Unifeeder. The DP World-controlled feeder operator, and the world's ...
UK regulator shuts down Axiom Ince UK law firm Axiom Ince has been closed down by the Solicitors Regulation Authority (RSA) after it filed a notice with London's High Court of its intention to appoint administrators. In a statement, the regulator said the action had been necessary to protect the interests of clients and former clients of the firm. News of ...
Gulf Navigation makes bid to take over Brooge Energy Dubai-based maritime and shipping company Gulf Navigation (GulfNav) has submitted a formal proposal to fully acquire all businesses and assets from fuel and crude storage provider Brooge Energy Limited. GulfNav stated that this proposed acquisition was part of its strategy to enhance growth and provide an integrated portfolio of logistical services related to oil, petrochemicals, ...
Sinokor tanker accused of ramming Philippine fishing vessel The 110,000 dwt , a tanker belonging to Sinokor, stands accused of ramming a fishing vessel in the north of the Philippines on Monday, an accident that led to the deaths of three local fishermen. The Philippine Coast Guard has issued a report on the accident which took place early on Monday morning near near ...
In shipping, when in doubt, don't doubt Andrew Craig-Bennett on what lessons we can learn from the fall of the house that Alfred Holt built. When Alfred Holt invented the steeple compound steam engine, he didn't build one ship fitted with his invention; he ordered three sisters, and immediately began a line of steam ships. No half measures: he had carried out ...
Medkon buys its biggest ship Turkish carrier Medkon Lines has acquired its largest ship in its 14-year history with Alphaliner reporting it has bought the 2,011 teu from Nordic Hamburg for an undisclosed price. The 2007-built ship - now renamed Med Star - is nearly twice as large as Medkon's previous flagship, the 1,162 teu Medkon Mira, bought at the ...
Transworld completes Shreyas privatisation process Dubai-based Transworld Holdings has managed to privatise subsidiary Shreyas Shipping, taking it off two stock exchanges in India. Transworld said the decision was made to give it greater operational and financial flexibility over its Indian liner subsidiary. Sivaswamy Ramakrishnan, chairman of the Transworld, said the delisting has the potential to "fundamentally reposition" his business for ...
Damen sues Dutch government to recoup losses from Russian sanctions Damen Shipyards Group is suing the Dutch government for losses it has incurred thanks to sanctions brought against Russia, according to Bloomberg. "Before the sanctions, Damen had signed contracts with Russian ship buyers, and after the invasion of Ukraine the Dutch government decided that such contracts may not be honored by the Dutch business community," ...
Next two months 'pivotal' in Panama's battle to keep canal water levels topped up The daily deficit of water at the Gatun reservoir in the centre of the Panama Canal is the equivalent of 1,200 Olympic-sized swimming pools, with the canal's administrators warning yesterday that water levels at the lake are at their lowest levels ever recorded during a rainy season. The Gatun reservoir is crucial for transits along ...
Mid-life boxships to get a raise as efficiency targets loom Increasing the height of containership deckhouses and lashing bridges can boost capacity by more than 10%, reducing carbon emissions per...
Vafias orders pair of LPG/ammonia carriers in Japan Spree running to 33 ships with accent on larger units than before seems to be expansion play more than gradual...
Ukraine and Russia-bound ships dominate detentions and port bans Vessels still trading into Ukraine and Russia's Black Sea ports are generally old and often flagged by registries prominently featured...
Why shipping's failure to learn safety lessons must change A UK Chamber of Shipping conference has heard that the ISM Code is no longer good enough. It is time...
Container imbalances remain a key issue for box trade Returning empties to major export markets costs up to $16bn a year. But with manufacturing still focused on Asia, there...
Ships going to Ukraine are getting less shy about it Another 12 ships are ready to travel via the temporary corridor according to a government official, indicating the route will...
The uses and abuses of fixed premium P&I Emergence of dark fleet means non-mutual providers may have a larger market share than previously supposed. But participants stress this...
Florida man pleads guilty in Russia sanctions case John Can Unsalan pleads guilty to one count of conspiracy to commit money laundering relating to transactions with companies controlled...
Capesize earnings motor on despite dour China outlook Analyst urges caution when using GDP growth as a predictor for dry bulk import demand. But there are warnings that...
Maersk methanol company signs agreement in Egypt With sun and wind, Egypt has natural advantages for green energy production. C2X wants to exploit these for methanol production
Felixstowe completes dredging project Felixstowe has completed the deepening work for its main approach and alongside its berths. Terminal will have more flexibility for...
Oaktree acquires chassis pool manager CCM The investment will give CCM the financial heft needed to rejuvenate its US southeast chassis fleet and create the US'...
Daily Briefing Shipping urged to unify search for decarbonisation solutions | Russian accusations of IMO politicisation point to longer-term divisions | MSC adds...
Union Pacific launches Mexico-Southeast service to meet growing demand Transit times are still in flux, but UP believes the service will take seven to eight days to Atlanta and an additional one or two days to Charlotte and South Florida.
Savannah working through unexpected backlog of anchored vessels While shippers say the situation - which could linger through mid-November - is less than ideal, many noted there have been no real impacts yet.
MSC cements North Europe presence with Bremerhaven terminal extension MSC's move to extend its partnership with Eurogate in the north German gateway port follows a bid by the carrier for a half-stake in Hamburg's largest terminal operator.
Increased truckload volatility inducing shippers, brokers to use pricing technology Excess capacity in the truckload market is a chance for shippers to examine whether they or their freight brokers have the right technology tools to effectively price in the contract and spot markets.
MSC avoids fine as FMC finds no OSRA-22 violation in charge complaint The Federal Maritime Commission said its enforcement agency does not have a case against the ocean carrier over a congestion surcharge complaint from a shipper.
Aframax spot rates rebound to two-month high as US Gulf Coast strength draws tankers North Sea activity quiets down and Mediterranean holds steady
Cost of moving Suez Rajan and cargo to US 'satisfies' Empire Navigation fine Greek company spent more than its criminal penalty in moving tanker to US
Heidmar pulls US equity raise plan through Nasdaq-listed Spac Shipping pools player and manager says market conditions proved insufficient to tap public markets
Container market steadies after falling in September, analyst notes Sector may start declining again as newbuildings raid market, according to Alphaliner
VLGC market sustains 'dramatic correction' as traders relet chartered-in ships, Clarksons says Wide spreads in regional LPG prices should keep VLGCs in demand, according to an analyst
Philippines investigates tanker over fishing boat collision Coast guard says bad weather and darkness may have played a role in collision
Capital Product Partners snares Japanese LNG expert as board member Greek shipowner locks away one of its secondhand LNG buys for another year
War risk rates ease as Ukraine grain shipments pick up Insurers actively quoting for business as safe passage of ships appears to reduce the risk
Berlin start-up teams with MPCC, Harren and Zeaborn on carbon trading platform zero44 promises 'one-stop shop' for users
Former P&I boss Catherine Mulvihill takes over at nav dues body IFAN Experienced shipping executive replacing Peter Stanley as new fees enter into force
Maersk Tankers launches first LR1 pool with Sanmar Shipping purchase Danish operator says it is offering the benefits of rate spikes and vessel optimisation
Green Seas: Are floating nuclear power vessels the future of zero-carbon energy? Our newsletter on the environment and the business of the ocean explores the big names in shipping and shipbuilding that are developing vessels that produce atomic energy at sea
Inside the crewing hub at the heart of merged giant OSM Thome Julia Anastasiou, chief crew management officer and Cyprus managing director of OSM Thome, speaks on her budding Limassol operation
Viewpoint: Could the EU ETS bring collaboration to shipping markets? Data sharing is needed for decarbonisation and emissions trading might be a proving ground
Petrobras on the PSV hunt in contracting spree worth nearly $1bn Brazilian oil and gas giant reportedly wants three dozen ships on multi-year charters
Trafigura seals $400m financing to buy US LNG cargoes for Europe Two revolving loans are being insured by the country's export-import bank
Russia dismisses impact of G7 price cap on oil revenues Reports suggest that restrictions on diesel exports will be eased amid storage capacity issues
On-duty cargo ship captain found dead off Crete Fifty-five year-old man was found unconscious on board
Maran Tankers and TotalEnergies struck LNG spot deals to fuel VLCC duo French major's fuelling arm says this signals 'growing maturity' of lower carbon fuels market
North Sea AHTS ships cash in before migrating south for winter For September, utilisation hovered north of 50%, according to Norway's Hagland Shipbrokers
Trafigura seals $500m financing to buy US LNG cargoes for Europe Two revolving loans are being insured by the country's export-import bank
Philippines investigate tanker over fishing boat collision Coast guard says bad weather and darkness may have played a role in collision
WFW in charity drive to honour Singapore partner and son killed in landslide Law firm raising money for Ripple Africa to help promote children's education
X-Press Feeders ship disabled by engine room fire off India Auxiliary power restored to the X-Press Kailash after crew extinguished blaze
Poseidon Principles banks toughen up lending to closer align with Paris climate targets Group of 30 financial institutions agrees 'substantial' revision of reporting framework
Biofuel bunkers now available in more than 80 ports, says Bunker Holding Company says its investments have put the group in a unique position as a marine fuel supplier
Fearnleys boosts Havila Kystruten's prospects despite debt costs Bank starts coverage of cruise outfit after it untangled its sanctions mess
Energy trader BGN seals gas carrier deal with Pertamina International Shipping Joint venture to kick off with two secondhand VLGCs during the first quarter of 2024
US buyer paid high price for Pyxis MR tanker due to military tender Broker says long subjects on sale and purchase deal also partly explains firm level achieved by seller
Biofuel bunkers now available in more than 80 ports, says Bunker Holdings Company says its investments have put the group in a unique position as a marine fuel supplier
Globus Maritime regains Nasdaq compliance after 128% share price jump Greek bulker owner boosts stock back above $1 after being put on notice in July
LNG-fuelling sees resurgence in newbuildings in last two months, DNV says But choice of methanol is spreading to other sectors and interest in ammonia 'keeps building'
Athenian Sea Carriers doubles up on chemical tanker orders in China Greek owner returns to Wuchang Shipbuilding for second helping
Damen Shipyards sues Dutch government over lost Russian vessel orders Shipbuilder seeking compensation for contracts scrapped since Ukraine invasion
BW Group banks $92m by selling chunk of BW LPG at discounted price Parent wanted disposal to help share liquidity ahead of New York listing
Geography trumps geopolitics for Cyprus amid the fog of war Losing Russia as a client has not stopped the country's rise as a force in international ship management
Greek newcomer orders suezmax tanker newbuildings in China Bulker shipowner Gourdomichalis Maritime is said to be behind Flynn Shipping
Biofuel bunkers now available in over 80 ports, says Bunker Holdings Company says its investments have put the group in a unique position as a marine fuel supplier
BW Group hires investment banks to unload $101m of LPG carrier spin-off's shares Parent hopes sale of BW LPG shares will help share liquidity ahead of New York listing
Bunker Holdings says biofuel bunkers now available in over 80 ports Company says its investments have put the group in a unique position as a marine fuel supplier
Shandong Shipping auctions off MR tanker, but buyers hold fire in muted market Brokers say there are plenty of candidates out there, but higher rates are needed to stop prices sliding
MaruFleet venture to drive Marubeni shipowner MMSL's decarbonisation journey Partners tell TradeWinds that focusing on quality rather than differences is key to MaruFleet's success
Car carrier shortage bodes well for PCTC sector as demand for vehicles drives upwards Asia is in the driving seat when it comes to the car carrier market, says Gram Car Carriers CEO Georg Whist
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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